XML 54 R25.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stockholders' Equity
 12 Months Ended
Oct. 31, 2019
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders' Equity
Taxes related to Other Comprehensive (Loss) Income
 
Fiscal years ended October 31,
 
2019
 
2018
 
2017
 
In millions
Taxes on net unrealized gain (losses) on available-for-sale securities:
 

 
 

 
 

Tax provision on net unrealized gains (losses) arising during the period
$
—

 
$
—

 
$
(2
)
Tax provision on gains reclassified into earnings
—

 
—

 
1

 
—


—


(1
)
Taxes on change in net unrealized (losses) gains on cash flow hedges:
 

 
 

 
 

Tax (provision) benefit on net unrealized gains arising during the period
(33
)
 
(22
)
 
6

Tax provision (benefit) on net (gains) losses reclassified into earnings
43

 
(1
)
 
10

 
10


(23
)

16

Taxes on change in unrealized components of defined benefit plans:
 

 
 

 
 

Tax benefit (provision) on net unrealized (losses) gains arising during the period
40

 
2

 
(49
)
Tax provision on amortization of net actuarial loss and prior service benefit
(13
)
 
(14
)
 
(19
)
Tax provision on curtailments, settlements and other
(1
)
 
(10
)
 
(91
)
 
26


(22
)

(159
)
Taxes on change in cumulative translation adjustment:
 
 
 
 
 
Tax benefit (provision) on cumulative translation adjustment arising during the period
—

 
3

 
(1
)
 
—

 
3

 
(1
)
Tax benefit (provision) on other comprehensive (loss) income
$
36


$
(42
)

$
(145
)

Changes and reclassifications related to Other Comprehensive (Loss) Income, net of taxes
 
Fiscal years ended October 31,
 
2019
 
2018
 
2017
 
In millions
Other comprehensive (loss) income, net of taxes:
 

 
 

 
 

Change in net unrealized gains (losses) on available-for-sale securities:
 

 
 

 
 

Net unrealized gains (losses) arising during the period
$
9

 
$
(3
)
 
$
(10
)
Gains reclassified into earnings
(3
)
 
(9
)
 
(3
)
 
6

 
(12
)
 
(13
)
Change in net unrealized (losses) gains on cash flow hedges:
 

 
 

 
 

Net unrealized gains arising during the period
275

 
147

 
52

Net (gains) losses reclassified into earnings(1)
(328
)
 
7

 
(135
)
 
(53
)
 
154

 
(83
)
Change in unrealized components of defined benefit plans:
 

 
 

 
 

Net unrealized (losses) gains arising during the period
(661
)
 
(421
)
 
895

Amortization of net actuarial loss and prior service benefit(2)
203

 
177

 
266

Curtailments, settlements and other
14

 
12

 
(76
)
 
(444
)
 
(232
)
 
1,085

Change in cumulative translation adjustment:
 
 
 
 
 
Cumulative translation adjustment arising during the period
(18
)
 
(67
)
 
(15
)
Release of cumulative translation adjustment as a result of divestitures and country exits
—

 
20

 
—

 
(18
)
 
(47
)
 
(15
)
Other comprehensive (loss) income, net of taxes
$
(509
)
 
$
(137
)
 
$
974

 
(1)
For more details on reclassification of pre-tax (gains) losses on cash flow hedges into the Consolidated Statements of Earnings, see Note 14, "Financial Instruments".
(2)
These components are included in the computation of net pension and post-retirement benefit (credit) cost in Note 6, "Retirement and Post-Retirement Benefit Plans".
The components of accumulated other comprehensive loss, net of taxes as of October 31, 2019 and changes during fiscal 2019 were as follows:
 
Net unrealized
gains (losses) on
available-for-sale
securities
 
Net unrealized
gains (losses) on cash
flow hedges
 
Unrealized
components
of defined
benefit plans
 
Cumulative
translation
adjustment
 
Accumulated
other
comprehensive
loss
 
In millions
Balance at beginning of period
$
17

 
$
106

 
$
(2,922
)
 
$
(419
)
 
$
(3,218
)
Other comprehensive income (loss) before reclassifications
9

 
275

 
(661
)
 
(18
)
 
(395
)
Reclassifications of (gains) losses into earnings
(3
)
 
(328
)
 
217

 
—

 
(114
)
Balance at end of period
$
23


$
53


$
(3,366
)

$
(437
)

$
(3,727
)

Dividends
The stockholders of HPE common stock are entitled to receive dividends when and as declared by HPE's Board of Directors. On February 23, 2019, the Company announced an increase to the regular quarterly dividend from $0.1125 per share to $0.12 per share, which was effective in the fourth quarter of fiscal 2019. Dividends declared were $0.4575 per common share in fiscal 2019 and $0.4875 per common share in fiscal 2018.
Share Repurchase Program
On October 13, 2015, the Company's Board of Directors approved a share repurchase program with a $3.0 billion authorization, which was refreshed with additional share repurchase authorizations of $3.0 billion, $5.0 billion and $2.5 billion on May 24, 2016, October 16, 2017 and February 21, 2018, respectively. The Company may choose to repurchase shares when sufficient liquidity exists and the shares are trading at a discount relative to estimated intrinsic value. This program, which does not have a specific expiration date, authorizes repurchases in the open market or in private transactions.
For fiscal 2019, the Company repurchased and settled a total of 150 million shares under its share repurchase program through open market repurchases, which included 2.4 million shares that were unsettled open market purchase as of October 31, 2018. Additionally, the Company had unsettled open market repurchases of 0.5 million shares as of October 31, 2019. Shares repurchased during fiscal 2019 were recorded as a $2.2 billion reduction to stockholders' equity. As of October 31, 2019, the Company had a remaining authorization of $2.5 billion for future share repurchases.
For fiscal 2018, the Company repurchased and settled a total of 222 million shares under its share repurchase program through open market repurchases, which included 1.7 million shares that were unsettled open market purchase as of October 31, 2017. Additionally, the Company had unsettled open market repurchases of 2.4 million shares as of October 31, 2018. Shares repurchased during fiscal 2018 were recorded as a 3.6 billion reduction to stockholders' equity. As of October 31, 2018, the Company had a remaining authorization of $4.7 billion for future share repurchases.