XML 86 R20.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stockholders’ Deficit
 12 Months Ended
Oct. 31, 2019
Stockholders' Equity Note [Abstract]  
Stockholders’ Deficit Stockholders’ Deficit
Share Repurchase Program
HP’s share repurchase program authorizes both open market and private repurchase transactions. In fiscal year 2019, HP executed share repurchases of 118 million shares and settled total shares for $2.4 billion. In fiscal year 2018, HP executed share repurchases of 111 million shares and settled total shares for $2.6 billion. In fiscal year 2017, HP executed share repurchases of 80 million shares and settled total shares for $1.4 billion. Share repurchases executed during fiscal years 2019, 2018, and 2017 included 0.9 million shares, 1.0 million shares, and 1.5 million shares settled in November 2019, November 2018, and November 2017, respectively.
The shares repurchased in fiscal years 2019, 2018 and 2017 were all open market repurchase transactions. On June 19, 2018, HP’s Board of Directors authorized $4.0 billion for future repurchases of its outstanding shares of common stock. On September 30, 2019, the Board authorized an additional $5.0 billion for future repurchases of its outstanding shares of common stock. As of October 31, 2019, HP had approximately $6.5 billion remaining under the share repurchase authorizations approved by HP’s Board of Directors.

Taxes related to Other Comprehensive (Loss) Income
 
For the fiscal years ended
October 31
 
2019
 
2018
 
2017
 
In millions
Tax effect on change in unrealized components of available-for-sale debt securities:
 

 
 

 
 

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

 
$
1

 
$
(1
)
 


 


 


Tax effect on change in unrealized components of cash flow hedges:
 
 
 

 
 

Tax (provision) benefit on unrealized gains (losses) arising during the period
(37
)
 
(42
)
 
42

Tax provision (benefit) on (gains) losses reclassified into earnings
46

 
(26
)
 
(16
)
 
9

 
(68
)
 
26

Tax effect on change in unrealized components of defined benefit plans:
 
 
 

 
 

Tax benefit (provision) on (losses) gains arising during the period
64

 
—

 
(140
)
Tax provision on amortization of actuarial loss and prior service benefit
(11
)
 
(11
)
 
(21
)
Tax (provision) benefit on curtailments, settlements and other
(104
)
 
(2
)
 
72

 
(51
)
 
(13
)
 
(89
)
Tax effect on change in cumulative translation adjustment
—

 
—

 
—

Tax (provision) benefit on other comprehensive (loss) income
$
(42
)

$
(80
)

$
(64
)

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

 
 

 
 

Change in unrealized components of available-for-sale debt securities:
 

 
 

 
 

Unrealized gains (losses) arising during the period
$
1

 
$
(2
)
 
$
3

Losses (gains) reclassified into earnings
3

 
(5
)
 
—

 
4

 
(7
)
 
3

Change in unrealized components of cash flow hedges:
 

 
 

 
 

Unrealized gains (losses) arising during the period
215

 
299

 
(609
)
(Gains) losses reclassified into earnings
(334
)
 
232

 
183

 
(119
)
 
531

 
(426
)
Change in unrealized components of defined benefit plans:
 

 
 

 
 

(Losses) gains arising during the period
(239
)
 
11

 
315

Amortization of actuarial loss and prior service benefit(1)
32

 
37

 
53

Curtailments, settlements and other
(62
)
 
1

 
75

 
(269
)
 
49

 
443

Change in cumulative translation adjustment:
4

 
—

 
—

Other comprehensive (loss) income, net of taxes
$
(380
)
 
$
573

 
$
20

(1) 
These components are included in the computation of net pension and post-retirement benefit (credit) charges in Note 4,
“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 year 2019 were as follows:
 
Net unrealized
gains on
available-for-sale
securities
 
Net unrealized
gains (losses) on 
cash flow 
hedges
 
Unrealized
components
of defined
benefit plans
 
Change in cumulative translation adjustment

Accumulated
other
comprehensive
loss
 
In millions
Balance at beginning of period
$
5

 
$
291

 
$
(1,141
)
 
$
—


$
(845
)
Other comprehensive (loss) income before reclassifications
1

 
215

 
(239
)
 
4


(19
)
Reclassifications of losses (gains) into earnings
3

 
(334
)
 
32

 
—


(299
)
Reclassifications of curtailments, settlements and other into earnings
—

 
—

 
(62
)
 
—

 
(62
)
Balance at end of period
$
9

 
$
172

 
$
(1,410
)
 
$
4

 
$
(1,225
)