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Stockholders' Deficit
 6 Months Ended
Apr. 30, 2020
Stockholders' Equity Note [Abstract]  
Stockholders' Deficit Stockholders’ Deficit
Share Repurchase Program
HP’s share repurchase program authorizes both open market and private repurchase transactions. During the three and six months ended April 30, 2020, HP executed share repurchases of 4 million shares and 39 million shares and settled total shares for $0.1 billion and $0.8 billion, respectively. During the three and six months ended April 30, 2019, HP executed share repurchases of 34 million and 66 million shares and settled total shares for $0.7 billion and $1.4 billion, respectively.
The shares repurchased during the six months ended April 30, 2020 and 2019 were all open market repurchase transactions. On February 22, 2020, HP’s Board of Directors increased HP’s share repurchase authorization to $15.0 billion in total. As of April 30, 2020, HP had approximately $15.0 billion remaining under the share repurchase authorizations approved by HP’s Board of Directors.
Shareholder Rights Plan
On February 20, 2020, HP’s Board of Directors adopted a shareholder rights plan and declared a dividend of one preferred share purchase right for each outstanding share of HP’s common stock to shareholders of record on March 2, 2020.  The dividend distribution was made on March 2, 2020. Each right will allow its holder to purchase from HP’s one one-hundredth of a share of Series A Junior Participating Preferred stock, par value $0.01 per share, for an exercise price of $100, once the rights become exercisable. In the event that a person or group acquires beneficial ownership of 20% or more of HP’s then outstanding common stock, subject to certain exceptions, each right would entitle its holder (other than such person or members of such group) to purchase additional shares of HP’s common stock at a substantial discount to the public market price. In addition, at any time after a person or group acquires 20% or more of HP’s outstanding common stock (unless such person or group acquires 50% or more), The Board may exchange one share of HP’s common stock for each outstanding right (other than rights owned by such person or group, which would have become void). If HP is acquired in a merger or other business combination after an acquiring person acquires 20% or more of HP’s common stock, each holder of the rights would thereafter have the right to purchase, at a substantial discount to the public market price, a number of shares of common stock of the acquiring corporation. The Board may redeem the rights for $0.01 per right, subject to adjustment, at any time before any person or group becomes an Acquiring Person (as defined in the Rights Agreement, dated as of February 20, 2020). The rights have a de minimis fair value. The rights will expire on February 20, 2021, unless terminated earlier by HP’s Board of Directors.
Preferred Stock
HP designated 50 million shares of its previously authorized preferred stock with a par value of $0.01 per share as Series A Junior Participating Preferred Stock. No preferred stock was issued and outstanding as of April 30, 2020.


Tax effects related to Other Comprehensive Income (Loss)
 
Three months ended April 30
 
Six months ended April 30
 
2020
 
2019
 
2020
 
2019
 
In millions
Tax effect on change in unrealized components of cash flow hedges:
 
 
 

 
 
 
 

Tax provision on unrealized gains arising during the period
$
(33
)
 
$
(36
)
 
$
(49
)
 
$
(16
)
Tax provision (benefit) on losses (gains) reclassified into earnings
16

 
(2
)
 
26

 
20

 
(17
)
 
(38
)
 
(23
)
 
4

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

 
 

 
 

 
 

Tax benefit on losses arising during the period
—

 
1

 
—

 
1

Tax provision on amortization of actuarial loss and prior service benefit
(5
)
 
(3
)
 
(10
)
 
(6
)
Tax benefit on curtailments, settlements and other
—

 
—

 
—

 
1

 
(5
)
 
(2
)
 
(10
)
 
(4
)
Tax effect on change in cumulative translation adjustment
—

 
(2
)
 
—

 
(2
)
Tax provision on other comprehensive income (loss)
$
(22
)
 
$
(42
)
 
$
(33
)
 
$
(2
)



Changes and reclassifications related to Other Comprehensive Income (Loss), net of taxes
 
Three months ended April 30
 
Six months ended April 30
 
2020
 
2019
 
2020
 
2019
 
In millions
Other comprehensive income (loss), net of taxes:
 

 
 

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

 
 

 
 
 
 
Unrealized losses arising during the period
$
(2
)
 
$
—

 
$
(1
)
 
$
—

Losses reclassified into earnings
—

 
3

 
—

 
3

 
(2
)
 
3

 
(1
)
 
3

Change in unrealized components of cash flow hedges:
 
 
 

 
 
 
 
Unrealized gains arising during the period
198

 
162

 
242

 
75

(Gains) losses reclassified into earnings
(37
)
 
4

 
(86
)
 
(153
)
 
161

 
166

 
156

 
(78
)
Change in unrealized components of defined benefit plans:
 

 
 

 
 
 
 
Losses arising during the period
(1
)
 
(3
)
 
(1
)
 
(3
)
Amortization of actuarial loss and prior service benefit(1)
16

 
9

 
31

 
17

Curtailments, settlements and other
1

 
1

 
1

 
—

 
16

 
7

 
31

 
14

Change in cumulative translation adjustment
(17
)
 
11

 
(11
)
 
6

Other comprehensive income (loss), net of taxes
$
158

 
$
187

 
$
175

 
$
(55
)
(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 AOCI, net of taxes and changes were as follows:
 
Six months ended April 30, 2020
 
Net unrealized
gains on
available-for-sale debt
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
$
9

 
$
172

 
$
(1,410
)
 
$
4

 
$
(1,225
)
Other comprehensive income (loss) before reclassifications
(1
)
 
242

 
(1
)
 
(11
)
 
229

Reclassifications of (gains) losses into earnings
—

 
(86
)
 
31

 
—

 
(55
)
Reclassifications of settlements into earnings
—

 
—

 
1

 
—

 
1

Balance at end of period
$
8

 
$
328

 
$
(1,379
)
 
$
(7
)
 
$
(1,050
)