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Taxes on Earnings (Tables)
12 Months Ended
Oct. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Domestic and Foreign Components of Earnings
The domestic and foreign components of earnings before taxes were as follows:
 For the fiscal years ended October 31
h202420232022
 In millions
U.S.$537 $650 $1,406 
Non-U.S.2,742 2,287 2,918 
 $3,279 $2,937 $4,324 
Schedule of (Benefit from) Provision for Taxes on Earnings
The provision for (benefit from) taxes on earnings was as follows:
For the fiscal years ended October 31
 202420232022
 In millions
U.S. federal taxes:   
Current$245 $226 $272 
Deferred34 (549)27 
Non-U.S. taxes:
Current357 337 338 
Deferred(193)(305)503 
State taxes:
Current33 42 
Deferred28 (77)43 
 $504 $(326)$1,192 
Schedule of Differences Between U.S. Federal Statutory Income Tax Rate and HP's Effective Tax Rate
The differences between the U.S. federal statutory income tax rate and HP’s effective tax rate were as follows:
 For the fiscal years ended October 31
 202420232022
U.S. federal statutory income tax rate from continuing operations21.0 %21.0 %21.0 %
State income taxes, net of federal tax benefit2.2 %1.7 %1.3 %
Impact of foreign earnings including GILTI and FDII, net(0.7)%(1.4)%(7.9)%
Valuation allowances(7.1)%(7.3)%0.3 %
Uncertain tax positions and audit settlements1.0 %3.2 %2.8 %
Impact of internal reorganization— %(27.4)%9.4 %
Other, net(1.0)%(0.9)%0.7 %
 15.4 %(11.1)%27.6 %
Schedule of Reconciliation of Unrecognized Tax Benefits
A reconciliation of unrecognized tax benefits is as follows:
 For the fiscal years ended October 31
 202420232022
 In millions
Balance at beginning of year$1,137 $1,045 $829 
Increases:  
For current year’s tax positions82 61 26 
For prior years’ tax positions52 186 299 
Decreases:
For prior years’ tax positions(9)(35)(60)
Statute of limitations expirations(33)(8)(5)
Settlements with taxing authorities(12)(112)(44)
Balance at end of year$1,217 $1,137 $1,045 
Schedule of Significant Components of Deferred Tax Assets and Deferred Tax Liabilities The significant components of deferred tax assets and deferred tax liabilities were as follows:
 As of October 31
 20242023
 In millions
Deferred tax assets:
Loss and credit carryforwards$7,050 $7,194 
Intercompany transactions—excluding inventory357 540 
Fixed assets113 110 
Warranty100 124 
Employee and retiree benefits242 232 
Deferred revenue240 250 
Capitalized research and development1,014 821 
Operating lease liabilities272 242 
Investment in partnership710 703 
Other395 469 
Gross deferred tax assets10,493 10,685 
Valuation allowances(6,688)(6,994)
Total deferred tax assets3,805 3,691 
Deferred tax liabilities:
Unremitted earnings of foreign subsidiaries(107)(88)
Right-of-use assets from operating leases(235)(223)
Intangible assets(159)(205)
Cash flow hedges(24)(64)
Total deferred tax liabilities(525)(580)
Net deferred tax assets$3,280 $3,111 
Deferred tax assets and liabilities included in the Consolidated Balance Sheets as follows:
 As of October 31
 20242023
 In millions
Deferred tax assets$3,311 $3,155 
Deferred tax liabilities(31)(44)
Total$3,280 $3,111 
Schedule of Deferred Tax Assets for Net Operating Loss Carryforwards As of October 31, 2024, HP had recorded deferred tax assets for net operating loss (“NOL”) carryforwards as follows:
 Gross NOLsDeferred Taxes on NOLsValuation allowanceInitial Year of Expiration
 In millions
Federal$69 $15 $(3)2025
State1,955 107 (32)2025
Foreign24,615 6,803 (6,246)2028
Balance at end of year$26,639 $6,925 $(6,281)
Schedule of Deferred Tax Assets for Various Tax Credit Carryforwards
As of October 31, 2024, HP had recorded deferred tax assets for various tax credit carryforwards as follows:
 CarryforwardValuation
Allowance
Initial
Year of
Expiration
 In millions
Tax credits in state and foreign jurisdictions$305 $(36)2025
Balance at end of year$305 $(36) 
Schedule of Deferred Tax Asset Valuation Allowance and Changes
The deferred tax asset valuation allowance and changes were as follows:
 For the fiscal years ended October 31
 202420232022
 In millions
Balance at beginning of year$6,994 $7,592 $7,749 
Income tax (benefit) expense (300)(650)(274)
Goodwill, other comprehensive loss (income), currency translation and charges to other accounts(6)52 117 
Balance at end of year$6,688 $6,994 $7,592