Fair Value (Tables)

9 Months Ended

Jul. 31, 2020

Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis

The following table presents HP’s assets and liabilities that are measured at fair value on a recurring basis:


	As of July 31, 2020														As of October 31, 2019
	Fair Value Measured Using												Fair Value Measured Using
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	In millions
Assets:
Cash Equivalents:
Corporate debt	$	—	$	985	$	—	$	985	$	—	$	1,283	$	—	$	1,283
Financial Institution	—		13		—		13		—		—		—		—
Government debt⁽¹⁾	2,502		278		—		2,780		2,422		—		—		2,422
Available-for-Sale Investments:
Corporate debt	—		135		—		135		—		—		—		—
Financial institution instruments	—		26		—		26		—		—		—		—
Government debt	—		68		—		68		—		—		—		—
Marketable equity securities and mutual funds	4		53		—		57		6		50		—		56
Derivative Instruments:
Interest rate contracts	—		6		—		6		—		4		—		4
Foreign currency contracts	—		171		—		171		—		381		—		381
Other derivatives	—		22		—		22		—		7		—		7
Total Assets	$	2,506	$	1,757	$	—	$	4,263	$	2,428	$	1,725	$	—	$	4,153
Liabilities:
Derivative Instruments:

Foreign currency contracts	$	—	$	444	$	—	$	444	$	—	$	165	$	—	$	165
Other derivatives	—		—		—		—		—		1		—		1
Total Liabilities	$	—	$	444	$	—	$	444	$	—	$	166	$	—	$	166

⁽¹⁾Government debt includes instruments such as U.S. treasury notes, U.S. agency securities and non-U.S. government bonds. Money market funds invested in government debt and traded in active markets are included in Level 1.