Financial Instruments (Tables)

12 Months Ended

Oct. 31, 2023

Investments, All Other Investments [Abstract]

Schedule of Cash Equivalents and Available-for-Sale Investments

Cash Equivalents and Available-for-Sale Investments

	As of October 31, 2023								As of October 31, 2022
	Cost		Gross Unrealized Gain		Gross Unrealized Loss		Fair Value		Cost		Gross Unrealized Gain		Gross Unrealized Loss		Fair Value
	In millions
Cash Equivalents:
Corporate debt	$	589	$	—	$	—	$	589	$	904	$	—	$	—	$	904
Government debt	1,900		—		—		1,900		1,289		—		—		1,289
Total cash equivalents	2,489		—		—		2,489		2,193		—		—		2,193
Available-for-Sale Investments:
Financial institution instruments	3		—		—		3		5		—		—		5
Marketable securities and mutual funds	40		38		—		78		50		8		—		58
Total available-for-sale investments	43		38		—		81		55		8		—		63
Total cash equivalents and available-for-sale investments	$	2,532	$	38	$	—	$	2,570	$	2,248	$	8	$	—	$	2,256

Schedule of Contractual Maturities

Contractual maturities of investments in available-for-sale debt securities were as follows:

	As of October 31, 2023
	Amortized Cost		Fair Value
	In millions
Due in one year	$	3	$	3

Schedule of Fair Value of Derivative Instruments in the Consolidated Balance Sheets

The gross notional and fair value of derivative instruments in the Consolidated Balance Sheets were as follows:

	As of October 31, 2023										As of October 31, 2022
	Outstanding Gross Notional		Other Current Assets		Other Non-Current Assets		Other Current Liabilities		Other Non-Current Liabilities		Outstanding Gross Notional		Other Current Assets		Other Non-Current Assets		Other Current Liabilities		Other Non-Current Liabilities
	In millions
Derivatives designated as hedging instruments
Fair value hedges:
Interest rate contracts	$	750	$	—	$	—	$	—	$	58	$	750	$	—	$	—	$	—	$	78
Cash flow hedges:
Foreign currency contracts	15,278		410		70		147		52		16,014		820		256		206		72
Total derivatives designated as hedging instruments	16,028		410		70		147		110		16,764		820		256		206		150
Derivatives not designated as hedging instruments
Foreign currency contracts	4,446		9		—		13		—		4,554		12		—		17		—
Other derivatives	125		—		—		2		—		122		2		—		1		—
Total derivatives not designated as hedging instruments	4,571		9		—		15		—		4,676		14		—		18		—
Total derivatives	$	20,599	$	419	$	70	$	162	$	110	$	21,440	$	834	$	256	$	224	$	150

Schedule of Offsetting Derivative Liabilities

As of October 31, 2023 and 2022, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:

	In the Consolidated Balance Sheets
	(i)		(ii)		(iii) = (i)–(ii)		(iv)		(v)			(vi) = (iii)–(iv)–(v)
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Gross Amounts Not Offset
							Derivatives		Financial Collateral			Net Amount
	In millions
As of October 31, 2023
Derivative assets	$	489	$	—	$	489	$	178	$	291	(1)	$	20
Derivative liabilities	$	272	$	—	$	272	$	178	$	89	(2)	$	5
As of October 31, 2022
Derivative assets	$	1,090	$	—	$	1,090	$	290	$	616	(1)	$	184
Derivative liabilities	$	374	$	—	$	374	$	290	$	86	(2)	$	(2)

(1)Represents the cash collateral posted by counterparties as of the respective reporting date for HP’s asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

(2)Represents the collateral posted by HP including any re-use of counterparty cash collateral as of the respective reporting date for HP’s liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

Schedule of Offsetting Derivative Assets

As of October 31, 2023 and 2022, information related to the potential effect of HP’s master netting agreements and collateral security agreements was as follows:

	In the Consolidated Balance Sheets
	(i)		(ii)		(iii) = (i)–(ii)		(iv)		(v)			(vi) = (iii)–(iv)–(v)
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Gross Amounts Not Offset
							Derivatives		Financial Collateral			Net Amount
	In millions
As of October 31, 2023
Derivative assets	$	489	$	—	$	489	$	178	$	291	(1)	$	20
Derivative liabilities	$	272	$	—	$	272	$	178	$	89	(2)	$	5
As of October 31, 2022
Derivative assets	$	1,090	$	—	$	1,090	$	290	$	616	(1)	$	184
Derivative liabilities	$	374	$	—	$	374	$	290	$	86	(2)	$	(2)

(1)Represents the cash collateral posted by counterparties as of the respective reporting date for HP’s asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

(2)Represents the collateral posted by HP including any re-use of counterparty cash collateral as of the respective reporting date for HP’s liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

Schedule of Pre-tax Effect of Derivative Instruments and Related Hedged Items

The pre-tax effect of derivative instruments and related hedged items in a fair value hedging relationship were as follows:

Derivative Instrument	Hedged Item	Location	For the fiscal years ended October 31	Total amounts of income/(expense) line items in the statement of financial performance in which the effects of fair value hedges are recorded		Gain/(loss) recognized in earnings on derivative instruments		Gain/(loss) recognized in earnings on hedged item
				In millions
Interest rate contracts	Fixed-rate debt	Interest and other, net	2023	$	(519)	$	20	$	(20)
			2022	$	(235)	$	(62)	$	62
			2021	$	2,209	$	(17)	$	17

Schedule of Pre-tax Effect of Derivative Instruments in Cash Flow and Net Investment Hedging Relationships

The pre-tax effect of derivative instruments in cash flow hedging relationships included in Accumulated other comprehensive income (loss) was as follows:

	For the fiscal years ended October 31
	2023		2022		2021
	In millions
Gain/(loss) recognized in Accumulated other comprehensive income (loss) on derivatives:
Foreign currency contracts	$	(427)	$	1,456	$	(117)
Interest rate contracts	$	—	$	85	$	(15)

Schedule of Pre-tax Effect of Derivative Instruments in Cash Flow Hedging Relationships

The pre-tax effect of derivative instruments in cash flow hedging relationships included in earnings were as follows:

	Total amounts of income/ (expense) line items in the statement of financial performance in which the effects of cash flow hedges are recorded						Gain/ (loss) reclassified from Accumulated other comprehensive loss into earnings
	For the fiscal years ended October 31						For the fiscal years ended October 31
	2023		2022		2021		2023		2022		2021
	In millions						In millions
Net revenue	$	53,718	$	62,910	$	63,460	$	243	$	877	$	(214)
Cost of revenue	(42,210)		(50,647)		(50,053)		(167)		(101)		(30)
Operating expenses	(8,052)		(7,704)		(8,048)		(4)		(1)		1
Interest and other, net	(519)		(235)		2,209		12		4		—
Total							$	84	$	779	$	(243)

Schedule of Pre-tax Effect of Derivative Instruments not Designated as Hedging Instruments on the Consolidated Condensed Statements of Earnings

The pre-tax effect of derivative instruments not designated as hedging instruments recognized in Interest and other, net in the Consolidated Statements of Earnings for fiscal years 2023, 2022 and 2021 was as follows:

	Gain/(loss) recognized in earnings on derivative instrument
	Location	2023		2022		2021
		In millions
Foreign currency contracts	Interest and other, net	$	(65)	$	41	$	(65)
Other derivatives	Interest and other, net	(3)		(4)		8
Total		$	(68)	$	37	$	(57)