Fair Value (Tables)

3 Months Ended

Jan. 31, 2022

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 January 31, 2022								As of October 31, 2021
	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	$	—	$	1,047	$	—	$	1,047	$	—	$	1,112	$	—	$	1,112

Government debt(1)	927		—		—		927		1,931		—		—		1,931
Available-for-Sale Investments:

Financial institution instruments	—		5		—		5		—		5		—		5

Marketable equity securities and mutual funds	11		53		—		64		15		56		—		71
Derivative Instruments:
Interest rate contracts	—		13		—		13		—		—		—		—
Foreign currency contracts	—		477		—		477		—		277		—		277
Other derivatives	—		—		—		—		—		5		—		5
Total assets	$	938	$	1,595	$	—	$	2,533	$	1,946	$	1,455	$	—	$	3,401
Liabilities:
Derivative Instruments:
Interest rate contracts	$	—	$	29	$	—	$	29	$	—	$	24	$	—	$	24
Foreign currency contracts	—		159		—		159		—		203		—		203
Other derivatives	—		6		—		6		—		—		—		—
Total liabilities	$	—	$	194	$	—	$	194	$	—	$	227	$	—	$	227

(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.