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Supplementary Financial Information
 9 Months Ended
Jul. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplementary Financial Information Supplementary Financial Information
Cash, cash equivalents and restricted cash
 As of
 July 31, 2024October 31, 2023
 In millions
Cash and cash equivalents$2,785 $3,107 
Restricted cash(1)
93 125 
$2,878 $3,232 
(1)    Restricted cash is related to amounts collected and held on behalf of a third party for trade receivables previously sold.
Accounts Receivable
The allowance for credit losses related to accounts receivable and changes were as follows:
 Nine months ended July 31, 2024
 In millions
Balance at beginning of period$93 
Benefit of allowance for credit losses(2)
Deductions, net of recoveries(8)
Balance at end of period$83 
HP utilizes certain third-party arrangements in the normal course of business as part of HPs cash and liquidity management and also to provide liquidity to certain partners to facilitate their working capital requirements. These financing arrangements, which in certain circumstances may contain partial recourse, result in a transfer of HP’s receivables and risk to the third-party. As these transfers qualify as true sales under the applicable accounting guidance, the receivables are de-recognized from the Consolidated Condensed Balance Sheets upon transfer, and HP receives a payment for the receivables from the third-party within a mutually agreed upon time period. For arrangements involving an element of recourse, the recourse obligation is measured using market data from similar transactions and reported as a current liability in the Consolidated Condensed Balance Sheets. The recourse obligations as of July 31, 2024 and October 31, 2023 were not material.
The following is a summary of the activity under these arrangements:
Three months ended July 31Nine months ended July 31
 2024 20232024 2023
 In millions
Balance at beginning of period(1)
$181 $174 $141 $185 
Trade receivables sold3,111 3,383 9,256 10,241 
Cash receipts(2,983)(3,398)(9,089)(10,286)
Foreign currency and other3 — 4 19 
Balance at end of period(1)
$312 $159 $312 $159 
(1)    Amounts outstanding from third parties reported in Accounts receivable in the Consolidated Condensed Balance Sheets.
Inventory
 As of
 July 31, 2024October 31, 2023
 In millions
Finished goods$3,946 $3,930 
Purchased parts and fabricated assemblies3,844 2,932 
$7,790 $6,862 

Other Current Assets
 As of
 July 31, 2024October 31, 2023
 In millions
Supplier and other receivables$1,546 $1,349 
Prepaid and other current assets1,534 1,445 
Value-added taxes receivable908 852 
$3,988 $3,646 

Property, Plant and Equipment, Net
 As of
 July 31, 2024October 31, 2023
 In millions
Land, buildings and leasehold improvements$2,456 $2,332 
Machinery and equipment, including equipment held for lease5,516 5,384 
7,972 7,716 
Accumulated depreciation(5,141)(4,889)
$2,831 $2,827 

Other Non-Current Assets
 As of
 July 31, 2024October 31, 2023
 In millions
Deferred tax assets$3,131 $3,155 
Intangible assets1,365 1,593 
Right-of-use assets1,124 1,188 
Deposits and prepaid338 427 
Prepaid pension and post-retirement benefit assets355 393 
Other994 853 
$7,307 $7,609 
Other Current Liabilities
 As of
 July 31, 2024October 31, 2023
 In millions
Sales and marketing programs$2,954 $3,053 
Deferred revenue1,377 1,424 
Other accrued taxes1,119 994 
Employee compensation and benefit881 1,046 
Warranty509 569 
Operating lease liabilities435 430 
Tax liability231 217 
Other2,694 2,479 
$10,200 $10,212 

Other Non-Current Liabilities
 As of
 July 31, 2024October 31, 2023
In millions
Deferred revenue$1,473 $1,324 
Tax liability869 904 
Operating lease liabilities749 825 
Pension, post-retirement, and post-employment liabilities523 546 
Deferred tax liability28 44 
Other537 688 
$4,179 $4,331 

Interest and Other, Net
 Three months ended July 31Nine months ended July 31
 202420232024 2023
 In millions
Interest expense on borrowings$(111)$(134)$(343)$(429)
Factoring costs(38)(37)(117)(99)
Net gain on debt extinguishment— 115 — 107 
Non-operating retirement-related credits4 14 10 40 
Other, net32 26 40 24 
$(113)$(16)$(410)$(357)
Net Revenue by Region
Three months ended July 31Nine months ended July 31
 202420232024 2023
 In millions
Americas$6,086 $5,880 $17,085 $17,052 
Europe, Middle East and Africa (“EMEA”)
4,420 4,285 13,461 13,330 
Asia-Pacific and Japan3,013 3,031 8,958 9,519 
Total net revenue$13,519 $13,196 $39,504 $39,901 
Value of Remaining Performance Obligations
As of July 31, 2024, the estimated value of transaction price allocated to remaining performance obligations was $3.9 billion. HP expects to recognize approximately $1.7 billion of the unearned amount in next 12 months and $2.2 billion thereafter.
HP has elected the practical expedients and accordingly does not disclose the aggregate amount of the transaction price allocated to remaining performance obligations if:
•the contract has an original expected duration of one year or less; or
•the revenue from the performance obligation is recognized over time on an as-invoiced basis when the amount corresponds directly with the value to the customer; or
•the portion of the transaction price that is variable in nature is allocated entirely to a wholly unsatisfied performance obligation.
The remaining performance obligations are subject to change and may be affected by various factors, such as termination of contracts, contract modifications and adjustment for currency.
Contract Liabilities
As of July 31, 2024 and October 31, 2023, HP’s contract liabilities balances were $2.8 billion and $2.7 billion, respectively, included in Other current liabilities and Other non-current liabilities in the Consolidated Condensed Balance Sheets.
The increase in the contract liabilities balance for the nine months ended July 31, 2024, was primarily driven by sales of fixed-price support and maintenance services, partially offset by $1.1 billion of revenue recognized that was included in the contract liabilities balance as of October 31, 2023.
Supplier Finance Programs
HP facilitates voluntary supplier finance programs to provide certain suppliers the opportunity to sell their right to HP’s payment obligations to participating financial institutions. Under this program, HP agrees to pay the participating financial institutions the stated amount of confirmed invoices from its designated suppliers on the original maturity dates of the invoices. Participation by suppliers in these programs have no impact on the payment terms and amounts due from HP. HP does not have an economic interest in a supplier's participation in the program and is not a party to the agreement between the supplier and the financial institutions. In connection with these programs, HP does not pledge assets or other forms of guarantees as security for the committed payment to the participating financial institutions. For certain programs, HP pays a monthly service fee to a third-party administrator that provides the supplier finance platform and related support. HP and the participating financial institutions may terminate the agreement upon at least 30 days notice. As of July 31, 2024 and October 31, 2023, HP had $7.4 billion and $6.6 billion respectively, in obligations outstanding (i.e., unpaid invoices) that were confirmed as valid under the supplier finance programs. Of the amounts confirmed as valid under the program and outstanding, the amounts owed to participating financial institutions were $1.0 billion and $0.9 billion as of July 31, 2024 and October 31, 2023, respectively. These obligations are included within the Accounts payable line item of HP’s Consolidated Condensed Balance Sheet.