Stock-Based Compensation (Tables)

12 Months Ended

Oct. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense and the Resulting Tax Benefits

Stock-based compensation expense and the resulting tax benefits for operations were as follows:

	For the fiscal years ended October 31
	2024		2023		2022
	In millions
Stock-based compensation expense	$	452	$	438	$	343
Income tax benefit	(77)		(72)		(59)
Stock-based compensation expense, net of tax	$	375	$	366	$	284

Schedule of Weighted-Average Fair Value and Assumptions Used to Measure Fair Value of Restricted Stock Units

HP uses the closing stock price on the grant date to estimate the fair value of service-based restricted stock units. HP estimates the fair value of restricted stock units subject to performance-adjusted vesting conditions using a combination of the closing stock price on the grant date and a Monte Carlo simulation model. The assumptions used to measure the fair value of restricted stock units subject to performance-adjusted vesting conditions in the Monte Carlo simulation model were as follows:

	For the fiscal years ended October 31
	2024		2023		2022
Expected volatility(1)	33.9	%	44.4	%	41.6	%
Risk-free interest rate(2)	4.1	%	4.0	%	1.0	%
Expected performance period in years(3)	2.9		2.9		2.9

(1)The expected volatility was estimated using the historical volatility derived from HP’s common stock.

(2)The risk-free interest rate was estimated based on the yield on U.S. Treasury zero-coupon issues.

(3)The expected performance period was estimated based on the length of the remaining performance period from the grant date.

Schedule of Restricted Stock Awards Activity

A summary of restricted stock units activity is as follows:

	As of October 31
	2024			2023			2022
	Shares	Weighted- Average Grant Date Fair Value Per Share		Shares	Weighted- Average Grant Date Fair Value Per Share		Shares	Weighted- Average Grant Date Fair Value Per Share
	In thousands			In thousands			In thousands
Outstanding at beginning of year	30,209	$	31	28,688	$	30	30,197	$	23
Granted	18,262	$	32	18,500	$	31	15,337	$	36
Vested	(14,483)	$	33	(15,291)	$	29	(14,168)	$	22
Forfeited	(2,120)	$	31	(1,688)	$	31	(2,678)	$	25
Outstanding at end of year	31,868	$	30	30,209	$	31	28,688	$	30

Schedule of Shares Available for Future Grant and Shares Reserved for Future Issuance

Shares available for future grant and shares reserved for future issuance under the stock-based incentive compensation plans and the 2021 ESPP were as follows:

	As of October 31
	2024	2023	2022
	In thousands
Shares available for future grant	144,553	133,033	174,264
Shares reserved for future issuance	181,463	169,503	208,351