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Financial Instruments (Tables)

12 Months Ended

Oct. 31, 2019

Investments, All Other Investments [Abstract]

Schedule of Cash Equivalents and Available-for-Sale Investments

Cash Equivalents and Available-for-Sale Investments



	As of October 31, 2019								As of October 31, 2018
	Cost		Gross Unrealized Gain		Gross Unrealized Loss		Fair Value		Cost		Gross Unrealized Gain		Gross Unrealized Loss			Fair Value
	In millions
Cash Equivalents:
Corporate debt	$	1,283	$	—	$	—	$	1,283	$	1,620	$	—	$	—		$	1,620
Financial institution instruments	—		—		—		—		9		—		—			9
Government debt	2,422		—		—		2,422		2,367		—		—			2,367
Total cash equivalents	3,705		—		—		3,705		3,996		—		—			3,996
Available-for-Sale Investments:
Corporate debt⁽¹⁾	—		—		—		—		368		—		(2		)	366
Financial institution instruments⁽¹⁾	—		—		—		—		32		—		—			32
Government debt⁽¹⁾	—		—		—		—		314		—		(1		)	313
Marketable equity securities and Mutual funds	40		16		—		56		42		11		—			53
Total available-for-sale investments	40		16		—		56		756		11		(3		)	764
Total cash equivalents and available-for-sale investments	$	3,745	$	16	$	—	$	3,761	$	4,752	$	11	$	(3	)	$	4,760


⁽¹⁾	HP classifies its marketable debt securities as available-for-sale investments within Other current assets on the Consolidated Balance Sheets, including those with maturity dates beyond one year, based on their highly liquid nature and availability for use in current operations.

Schedule of Fair Value of Derivative Instruments in the Consolidated Balance Sheets

The gross notional and fair value of derivative instruments in the Consolidated Balance Sheets was as follows:



	As of October 31, 2019										As of October 31, 2018
	Outstanding Gross Notional		Other Current Assets		Other Non-Current Assets		Other Current Liabilities		Other Non-Current Liabilities		Outstanding Gross Notional		Other Current Assets		Other Non-Current Assets		Other Current Liabilities		Other Non-Current Liabilities
	In millions
Derivatives designated as hedging instruments
Fair value hedges:
Interest rate contracts	$	750	$	—	$	4	$	—	$	—	$	1,000	$	—	$	—	$	—	$	23
Cash flow hedges:
Foreign currency contracts	15,639		260		111		123		28		17,147		386		107		86		52
Total derivatives designated as hedging instruments	16,389		260		115		123		28		18,147		386		107		86		75
Derivatives not designated as hedging instruments
Foreign currency contracts	7,146		10		—		14		—		5,437		22		—		26		—
Other derivatives	134		7		—		1		—		122		—		—		8		—
Total derivatives not designated as hedging instruments	7,280		17		—		15		—		5,559		22		—		34		—
Total derivatives	$	23,669	$	277	$	115	$	138	$	28	$	23,706	$	408	$	107	$	120	$	75

Schedule of Offsetting Derivative Liabilities

As of October 31, 2019 and 2018, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:



	In the Consolidated Balance Sheets
	(i)		(ii)		(iii) = (i)–(ii)		(iv)		(v)			(vi) = (iii)–(iv)–(v)
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Gross Amounts Not Offset
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Derivatives		Financial Collateral			Net Amount
	In millions
As of October 31, 2019
Derivative assets	$	392	$	—	$	392	$	113	$	259	⁽¹⁾	$	20
Derivative liabilities	$	166	$	—	$	166	$	113	$	43	⁽²⁾	$	10
As of October 31, 2018
Derivative assets	$	515	$	—	$	515	$	112	$	299	⁽¹⁾	$	104
Derivative liabilities	$	195	$	—	$	195	$	112	$	69	⁽²⁾	$	14


⁽¹⁾	Represents the cash collateral posted by counterparties as of the respective reporting date for HP’s asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

⁽²⁾

Represents the collateral posted by HP through re-use of counterparty cash collateral as of the respective reporting date for HP’s liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

Schedule of Offsetting Derivative Assets

As of October 31, 2019 and 2018, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:



	In the Consolidated Balance Sheets
	(i)		(ii)		(iii) = (i)–(ii)		(iv)		(v)			(vi) = (iii)–(iv)–(v)
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Gross Amounts Not Offset
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Derivatives		Financial Collateral			Net Amount
	In millions
As of October 31, 2019
Derivative assets	$	392	$	—	$	392	$	113	$	259	⁽¹⁾	$	20
Derivative liabilities	$	166	$	—	$	166	$	113	$	43	⁽²⁾	$	10
As of October 31, 2018
Derivative assets	$	515	$	—	$	515	$	112	$	299	⁽¹⁾	$	104
Derivative liabilities	$	195	$	—	$	195	$	112	$	69	⁽²⁾	$	14


⁽¹⁾	Represents the cash collateral posted by counterparties as of the respective reporting date for HP’s asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

⁽²⁾

Schedule of Pre-tax Effect of Derivative Instruments and Related Hedged Items

The pre-tax effect of derivative instruments and related hedged items in a fair value hedging relationship for fiscal years ended October 31, 2019, 2018 and 2017 was as follows:



	Gain (Loss) Recognized in Income on Derivative Instruments and Related Hedged Items
Derivative Instrument	Location	2019		2018			2017			Hedged Item	Location	2019			2018		2017
		In millions										In millions
Interest rate contracts	Interest and other, net	$	27	$	(11	)	$	(60	)	Fixed-rate debt	Interest and other, net	$	(27	)	$	11	$	60

Schedule of Pre-tax Effect of Derivative Instruments in Cash Flow and Net Investment Hedging Relationships

The pre-tax effect of derivative instruments in cash flow hedging relationships for fiscal years ended October 31, 2019, 2018 and 2017 was as follows:



Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)								Gain (Loss) Reclassified from Accumulated OCI Into Earnings (Effective Portion)
	2019		2018		2017				2019			2018			2017
	In millions								In millions
Cash flow hedges:
Foreign currency contracts	$	252	$	341	$	(651	)	Net revenue	$	425		$	(239	)	$	(156	)
								Cost of revenue	(43		)	(18		)	(35		)
								Other operating expenses	(2		)	(1		)	1
								Interest and other, net	—			—			(9		)
Total	$	252	$	341	$	(651	)	Total	$	380		$	(258	)	$	(199	)

Schedule of Pre-tax Effect of Derivative Instruments Not Designated As Hedging Instruments

The pre-tax effect of derivative instruments not designated as hedging instruments recognized in Interest and other, net in the Consolidated Statements of Earnings for fiscal years 2019, 2018 and 2017 was as follows:



	(Loss) Gain Recognized in Income on Derivatives
	Location	2019			2018			2017
		In millions
Foreign currency contracts	Interest and other, net	$	(119	)	$	35		$	(32	)
Other derivatives	Interest and other, net	14			(9		)	3
Total		$	(105	)	$	26		$	(29	)