Stockholders' Deficit

6 Months Ended

Apr. 30, 2023

Stockholders' Equity Note [Abstract]

Stockholders' Deficit

Stockholders’ Deficit

Share Repurchase Program

HP’s share repurchase program authorizes both open market and private repurchase transactions. There were no share repurchases during the three months ended April 30, 2023. During the six months ended April 30, 2023, HP executed share repurchases of 3.6 million shares and settled total shares for $0.1 billion. During the three and six months ended April 30, 2022, HP executed share repurchases of 27 million shares and 69 million shares and settled total shares for $1.0 billion and $2.5 billion respectively. Share repurchases executed during the three and six months ended April 30, 2022 included 1 million shares settled in May 2022.

The shares repurchased during the six months ended April 30, 2023 and 2022 were all open market repurchase transactions. As of April 30, 2023, HP had approximately $2.0 billion remaining under the share repurchase authorizations approved by HP’s Board of Directors.

Tax effects related to Other Comprehensive Income (Loss)

	Three months ended April 30				Six months ended April 30
	2023		2022		2023		2022
	In millions
Tax effect on change in unrealized components of available-for-sale debt securities:
Tax benefit (provision) on unrealized (losses) gains arising during the period	$	—	$	1	$	(1)	$	1
Tax effect on change in unrealized components of cash flow hedges:
Tax benefit (provision) on unrealized (losses) gains arising during the period	20		(114)		126		(146)
Tax (benefit) provision on losses (gains) reclassified into earnings	(41)		24		37		36
	(21)		(90)		163		(110)
Tax effect on change in unrealized components of defined benefit plans:
Tax (provision) benefit on gains (losses) arising during the period	(1)		—		8		(6)
Tax benefit on amortization of actuarial loss and prior service benefit	—		(1)		—		(2)
Tax provision on curtailments, settlements and other	—		(1)		—		(1)
	(1)		(2)		8		(9)
Tax effect on change in cumulative translation adjustment	—		1		—		2
Tax (provision) benefit on other comprehensive income (loss)	$	(22)	$	(90)	$	170	$	(116)

Changes and reclassifications related to Other Comprehensive Income (Loss), net of taxes

	Three months ended April 30				Six months ended April 30
	2023		2022		2023		2022
	In millions
Other comprehensive income (loss), net of taxes:
Change in unrealized components of available-for-sale debt securities:
Unrealized (losses) gains arising during the period	$	—	$	(3)	$	3	$	(5)
Change in unrealized components of cash flow hedges:
Unrealized (losses) gains arising during the period	(46)		489		(563)		756
Losses (gains) reclassified into earnings	121		(96)		(135)		(128)
	75		393		(698)		628
Change in unrealized components of defined benefit plans:
Gains (losses) arising during the period	5		1		(24)		16
Amortization of actuarial loss and prior service benefit(1)	—		4		—		9
Curtailments, settlements and other	(1)		(1)		—		(1)
	4		4		(24)		24
Change in cumulative translation adjustment	9		(31)		38		(40)
Other comprehensive income (loss), net of taxes	$	88	$	363	$	(681)	$	607

(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 income (loss), net of taxes and changes were as follows:

	Six months ended April 30, 2023
	Net unrealized gains (losses) 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 income (loss)
	In millions
Balance at beginning of period	$	6	$	648	$	(295)	$	(46)	$	313
Other comprehensive gain (loss) before reclassifications	3		(563)		(24)		38		(546)
Reclassifications of gain into earnings	—		(135)		—		—		(135)
Balance at end of period	$	9	$	(50)	$	(319)	$	(8)	$	(368)