XML 22 R12.htm IDEA: XBRL DOCUMENT v3.23.2
Restructuring and Other Charges
12 Months Ended
Oct. 31, 2022
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges Restructuring and Other Charges
Summary of Restructuring Plans

HP’s restructuring activities in fiscal years 2022, 2021 and 2020 summarized by plan were as follows:
Fiscal 2020 Plan
Other prior year plans(1)
Total
Severance and EERNon-labor
In millions
Accrued balance as of October 31, 2019$76 $— $66 $142 
Charges356 10 367 
Cash payments(319)(10)(52)(381)
Non-cash and other adjustments(48)(2)— (3)(51)
Accrued balance as of October 31, 202065 — 12 77 
Charges187 38 229 
Cash payments(159)(7)(16)(182)
Non-cash and other adjustments(3)(31)— (34)
Accrued balance as of October 31, 202190 — — 90 
Charges116 77 — 193 
Cash payments(176)(40)(1)(217)
Non-cash and other adjustments(37)(34)
Accrued balance as of October 31, 2022$32 $— $— $32 
Total costs incurred to date as of October 31, 2022$740 $125 $504 $1,369 
Reflected in Consolidated Balance Sheets:
Other current liabilities$32 $— $— $32 
(1)    Includes prior-year plans which are substantially complete. HP does not expect any further material activity associated with these plans.
(2)    Includes reclassification of liability related to the Enhanced Early Retirement (“EER”) plan of $44 million for certain healthcare and medical savings account benefits to pension and post retirement plans. See Note 4 “Retirement and Post-Retirement Benefit Plans” for further information.
Fiscal 2023 Plan
On November 18, 2022, HP’s Board of Directors approved the Fiscal 2023 Plan intended to enable digital transformation, portfolio optimization and operational efficiency that HP expects will be implemented through fiscal 2025. HP expects to reduce global headcount by approximately 4,000 to 6,000 employees. HP estimates that it will incur pre-tax charges of approximately $1.0 billion relating to labor and non-labor actions. HP expects to incur approximately $0.7 billion primarily in labor costs related to workforce reductions and the remaining costs will relate to non-labor actions and other charges.
Fiscal 2020 Plan
On September 30, 2019, HP’s Board of Directors approved the Fiscal 2020 Plan intended to optimize and simplify its operating model and cost structure that has been implemented through fiscal 2022. The Fiscal 2020 Plan is substantially complete. HP does not expect any significant further costs associated with the plan. Approximately 7,700 employees departed as part of the plan through a combination of employee exits and voluntary EER. HP incurred $740 million in severance costs and $281 million in infrastructure costs related to non-labor and other charges.
Other charges
Other charges include non-recurring costs, including those as a result of information technology rationalization efforts and proxy contest activities, and are distinct from ongoing operational costs. These costs primarily relate to third-party professional services and other non-recurring costs. HP incurred $25 million, $22 million and $105 million of other charges in fiscal year 2022, 2021 and 2020, respectively.