Stockholders’ Deficit

12 Months Ended

Oct. 31, 2022

Stockholders' Equity Note [Abstract]

Stockholders’ Deficit

Stockholders’ Deficit

Share Repurchase Program

HP’s share repurchase program authorizes both open market and private repurchase transactions. In fiscal year 2022, HP executed share repurchases of 124 million shares and settled total shares for $4.3 billion. In fiscal year 2021, HP executed share repurchases of 224 million shares and settled total shares for $6.3 billion. In fiscal year 2020, HP executed share repurchases of 168 million shares and settled total shares for $3.1 billion. Share repurchases executed during fiscal years 2021, and 2020 included 1.6 million shares, and 2.3 million shares settled in November 2021, and 2020, respectively.

The shares repurchased in fiscal years 2022, 2021 and 2020 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 October 31, 2022, HP had approximately $2.1 billion remaining under the share repurchase authorizations approved by HP’s Board of Directors.

Taxes related to Other Comprehensive Income (Loss)

	For the fiscal years ended October 31
	2022		2021		2020
	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	$	2	$	(1)	$	—
Tax effect on change in unrealized components of cash flow hedges:
Tax (provision) benefit on unrealized gains (losses) arising during the period	(328)		(9)		20
Tax provision (benefit) on (gains) losses reclassified into earnings	195		(17)		28
	(133)		(26)		48
Tax effect on change in unrealized components of defined benefit plans:
Tax benefit (provision) on (losses) gains arising during the period	26		(183)		11
Tax benefit on amortization of actuarial loss and prior service benefit	(6)		(17)		(19)
Tax (provision) benefit on curtailments, settlements and other	(1)		9		(41)
	19		(191)		(49)
Tax effect on change in cumulative translation adjustment	3		(1)		2
Tax (provision) benefit on other comprehensive income (loss)	$	(109)	$	(219)	$	1

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

	For the year ended October 31
	2022		2021		2020
	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	$	(9)	$	4	$	2
Change in unrealized components of cash flow hedges:
Unrealized gains (losses) arising during the period	1,213		(141)		(181)
(Gains) losses reclassified into earnings	(584)		226		(57)
	629		85		(238)
Change in unrealized components of defined benefit plans:
Gains (losses) arising during the period	(28)		846		(18)
Amortization of actuarial loss and prior service benefit(1)	14		63		64
Curtailments, settlements and other	(1)		(27)		174
	(15)		882		220
Change in cumulative translation adjustment	(75)		27		(2)
Other comprehensive income (loss), net of taxes	$	530	$	998	$	(18)

(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 as of October 31, 2022 and changes during fiscal year 2022 were as follows:

	Net unrealized gains on available-for-sale 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	$	15	$	19	$	(308)	$	29	$	(245)
Other comprehensive (losses) gains before reclassifications	(9)		1,213		(28)		(75)		1,101
Reclassifications of losses into earnings	—		(584)		14		—		(570)
Reclassifications of curtailments, settlements and other into earnings	—		—		(1)		—		(1)
Balance at end of period	$	6	$	648	$	(323)	$	(46)	$	285