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Retirement and Post-Retirement Benefit Plans
3 Months Ended
Jan. 31, 2025
Retirement Benefits [Abstract]  
Retirement and Post-Retirement Benefit Plans Retirement and Post-Retirement Benefit Plans
The components of HP’s pension and post-retirement benefit (credit) cost recognized in the Consolidated Condensed Statements of Earnings were as follows:
 Three months ended January 31
 U.S. Defined Benefit PlansNon-U.S. Defined Benefit PlansPost-Retirement Benefit Plans
 202520242025202420252024
 In millions
Service cost$— $— $$$— $— 
Interest cost53 57 10 12 
Expected return on plan assets(59)(61)(14)(13)(4)(4)
Amortization and deferrals:
Actuarial loss (gain)— (4)(4)
Prior service cost (credit)— — (2)(3)
Net periodic benefit cost (credit)$$$$10 $(6)$(7)
Total periodic benefit cost (credit)$$$$10 $(6)$(7)
Employer Contributions and Funding Policy
HP’s policy is to fund its pension plans so that it makes at least the minimum contribution required by local government, funding and taxing authorities.
During fiscal year 2025, HP expects to contribute approximately $36 million to its non-U.S. pension plans, $30 million to its U.S. non-qualified pension plan participants and $4 million to cover benefit claims under HP’s post-retirement benefit plans. During the three months ended January 31, 2025, HP contributed $8 million to its non-U.S. pension plans, $7 million to cover benefit payments to U.S. non-qualified plan participants and $2 million to cover benefit claims under HP’s post-retirement benefit plans.