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Borrowings
 9 Months Ended
Jul. 31, 2024
Debt Disclosure [Abstract]  
Borrowings Borrowings
Notes Payable and Short-Term Borrowings
 As of July 31, 2024As of October 31, 2023
 Amount
Outstanding		Weighted-Average
Interest Rate		Amount
Outstanding		Weighted-Average
Interest Rate
 In millions
Current portion of long-term debt$1,335 4.9 %$179 6.0 %
Notes payable to banks, lines of credit and other61 0.8 %51 1.0 %
Total notes payable and short-term borrowings
$1,396  $230  
Long-Term Debt
 As of
 July 31, 2024October 31, 2023
 In millions
U.S. Dollar Global Notes(1)
  
$1,200 issued at discount to par at a price of 99.863% at 6.00%, due September 2041
$1,199 $1,199 
$1,150 issued at discount to par at a price of 99.769% at 2.20%, due June 2025
1,149 1,149 
$1,000 issued at discount to par at a price of 99.718% at 3.00%, due June 2027
999 999 
$850 issued at discount to par at a price of 99.790% at 3.40%, due June 2030
503 503 
$1,000 issued at discount to par at a price of 99.808% at 1.45%, due June 2026
521 521 
$1,000 issued at discount to par at a price of 99.573% at 2.65%, due June 2031(2)
997 997 
$1,000 issued at discount to par at a price of 99.767% at 4.00%, due April 2029
999 999 
$1,000 issued at discount to par at a price of 99.966% at 4.20%, due April 2032
676 676 
$900 issued at discount to par at a price of 99.841% at 4.75%, due January 2028
899 899 
$1,100 issued at discount to par at a price of 99.725% at 5.50%, due January 2033
1,098 1,097 
$500 issued at par at a price of 100% at 4.75%, due March 2029
3 3 
9,043 9,042 
Other borrowings at 1.47%-8.30%, due in fiscal years 2024-2030
599 506 
Fair value adjustment related to hedged debt(30)(58)
Unamortized debt issuance cost(48)(57)
Current portion of long-term debt(1,335)(179)
Total long-term debt$8,229 $9,254 
(1)HP may redeem some or all of the fixed-rate U.S. Dollar Global Notes at any time in accordance with the terms thereof. The U.S. Dollar Global Notes are senior unsecured debt.
(2)HP allocated an amount equal to the net proceeds to finance or refinance, in whole or in part, environmentally and socially responsible eligible projects in the following eight areas: renewable energy; green buildings; energy efficiency; clean transportation; pollution prevention and control; eco-efficient and/or circular economy products, production technologies and processes; environmentally sustainable management of living natural resources and land use; and socioeconomic advancement and empowerment.

As disclosed in Note 8, “Financial Instruments,” HP uses interest rate swaps to mitigate some of the exposure of its debt portfolio to changes in fair value resulting from changes in benchmark interest rates. Interest rates shown in the table of long-term debt have not been adjusted to reflect the impact of any interest rate swaps.
Commercial Paper
As of July 31, 2024, HP maintained a U.S. commercial paper program for the issuance of U.S. dollar-denominated commercial paper up to a maximum aggregate principal amount of $6.0 billion. The principal amount outstanding under this program and certain short-term borrowings at any time cannot exceed a $6.0 billion authorization by HP’s Board of Directors.
Credit Facilities
As of July 31, 2024, HP maintained a $5.0 billion sustainability-linked senior unsecured committed revolving credit facility, which HP entered into in May 2021. Commitments under the revolving credit facility were available until May 26, 2026. Commitment fees, interest rates and other terms of borrowing under the revolving credit facility varied based on HP’s external credit ratings and certain sustainability metrics. Funds borrowed under the revolving credit facility were permitted to be used for general corporate purposes.
As of July 31, 2024, HP was in compliance with the covenants in the credit agreement governing the revolving credit facility.
On August 1, 2024, HP entered into a new $5.0 billion 5-year sustainability-linked senior unsecured committed revolving credit facility (the “New Revolving Facility”). Commitments under the New Revolving Facility will be available until August 1, 2029. Commitment fees, interest rates and other terms of borrowing under the New Revolving Facility vary based on HP’s external credit ratings and certain sustainability metrics. Funds borrowed under the New Revolving Facility may be used for general corporate purposes. Commitments under the existing $5.0 billion sustainability-linked senior unsecured committed revolving credit facility were terminated concurrently with the execution of the New Revolving Facility.
Available Borrowing Resources
As of July 31, 2024, HP had available borrowing resources of $0.9 billion from uncommitted lines of credit in addition to the full capacity of the revolving credit facility.