Stockholders' Deficit

6 Months Ended

Apr. 30, 2024

Stockholders' Equity Note [Abstract]

Stockholders' Deficit

Stockholders’ Deficit

Share Repurchase Program

HP’s share repurchase program authorizes both open market and private repurchase transactions. During the three and six months ended April 30, 2024, HP executed share repurchases of 3.5 million and 20.5 million shares and settled total shares for $0.1 billion and $0.6 billion, respectively. Share repurchases executed during the three and six months ended April 30, 2024 included 0.3 million shares settled in May 2024. 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.

The shares repurchased during the six months ended April 30, 2024 and 2023 were all open market repurchase transactions. As of April 30, 2024, HP had approximately $1.4 billion remaining under the share repurchase authorizations approved by HP’s Board of Directors.

Taxes Related to Other Comprehensive Income (Loss)

	Three months ended April 30				Six months ended April 30
	2024		2023		2024		2023
	In millions
Tax effect on change in unrealized components of available-for-sale debt securities:
Tax provision on unrealized losses arising during the period	$	—	$	—	$	—	$	(1)
Tax effect on change in unrealized components of cash flow hedges:
Tax (provision) benefit on unrealized gains (losses) arising during the period	(32)		20		4		126
Tax (benefit) provision on (gains) losses reclassified into earnings	(2)		(41)		30		37
	(34)		(21)		34		163
Tax effect on change in unrealized components of defined benefit plans:
Tax provision on gains arising during the period	(5)		(1)		(3)		(1)
Tax provision on curtailments, settlements and other	(1)		—		(1)		—
	(6)		(1)		(4)		(1)
Tax (provision) benefit on other comprehensive income (loss)	$	(40)	$	(22)	$	30	$	161

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

	Three months ended April 30				Six months ended April 30
	2024		2023		2024		2023
	In millions
Other comprehensive (loss) income, net of taxes:
Change in unrealized components of available-for-sale debt securities:
Unrealized gains arising during the period	$	—	$	—	$	4	$	3
Change in unrealized components of cash flow hedges:
Unrealized gains (losses) arising during the period	119		(46)		(7)		(563)
(Gains) losses reclassified into earnings	(7)		121		(134)		(135)
	112		75		(141)		(698)
Change in unrealized components of defined benefit plans:
Gains arising during the period	18		5		10		4
Amortization of actuarial loss and prior service benefit(1)	2		—		4		—
Curtailments, settlements and other	—		(1)		—		—
	20		4		14		4
Change in cumulative translation adjustment	(6)		9		14		38
Other comprehensive income (loss), net of taxes	$	126	$	88	$	(109)	$	(653)

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

	Six months ended April 30, 2024
	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 loss
	In millions
Balance at beginning of period	$	7	$	230	$	(437)	$	(23)	$	(223)
Other comprehensive gains (losses) before reclassifications	4		(7)		10		14		21
Reclassifications of gain into earnings	—		(134)		4		—		(130)
Balance at end of period	$	11	$	89	$	(423)	$	(9)	$	(332)