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Supplementary Financial Information
 3 Months Ended
Jan. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplementary Financial Information Supplementary Financial Information
Cash, Cash Equivalents and Restricted Cash
 As of
 January 31, 2025October 31, 2024
 In millions
Cash and cash equivalents$2,880 $3,238 
Restricted cash(1)
14 15 
$2,894 $3,253 
(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:
 Three months ended January 31, 2025
 In millions
Balance at beginning of period$83 
Current-period allowance for credit losses4 
Deductions, net of recoveries(3)
Balance at end of period$84 
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 January 31, 2025 and October 31, 2024 were not material.
The following is a summary of the activity under these arrangements:
Three months ended January 31
 2025 2024
 In millions
Balance at beginning of period(1)
$284 $141 
Trade receivables sold3,049 3,298 
Cash receipts(3,191)(3,232)
Foreign currency and other(9)5 
Balance at end of period(1)
$133 $212 
(1)    Amounts outstanding from third parties reported in Accounts receivable in the Consolidated Condensed Balance Sheets.
Inventory
 As of
 January 31, 2025October 31, 2024
 In millions
Finished goods$4,554 $4,338 
Purchased parts and fabricated assemblies3,889 3,382 
$8,443 $7,720 

Other Current Assets
 As of
 January 31, 2025October 31, 2024
 In millions
Supplier and other receivables$1,792 $2,180 
Prepaid and other current assets1,596 1,462 
Value-added taxes receivable921 1,028 
$4,309 $4,670 

Property, Plant and Equipment, Net
 As of
 January 31, 2025October 31, 2024
 In millions
Land, buildings and leasehold improvements$2,518 $2,527 
Machinery and equipment, including equipment held for lease5,534 5,465 
8,052 7,992 
Accumulated depreciation(5,152)(5,078)
$2,900 $2,914 

Other Non-Current Assets
 As of
 January 31, 2025October 31, 2024
 In millions
Deferred tax assets$3,283 $3,311 
Intangible assets1,252 1,319 
Right-of-use assets1,158 1,165 
Deposits and prepaid301 322 
Prepaid pension and post-retirement benefit assets374 362 
Other1,229 1,129 
$7,597 $7,608 
Other Current Liabilities
 As of
 January 31, 2025October 31, 2024
 In millions
Sales and marketing programs$2,900 $3,060 
Deferred revenue1,452 1,446 
Other accrued taxes1,058 1,233 
Employee compensation and benefit642 970 
Warranty457 486 
Operating lease liabilities431 443 
Tax liability281 291 
Other2,312 2,449 
$9,533 $10,378 

Other Non-Current Liabilities
 As of
 January 31, 2025October 31, 2024
In millions
Deferred revenue$1,519 $1,487 
Tax liability873 839 
Operating lease liabilities781 787 
Pension, post-retirement, and post-employment liabilities588 607 
Deferred tax liability49 31 
Other485 531 
$4,295 $4,282 

Interest and Other, Net
 Three months ended January 31
 2025 2024
 In millions
Interest expense on borrowings$(104)$(116)
Factoring costs(37)(40)
Non-operating retirement-related credits6 4 
Other, net(6)10 
$(141)$(142)
Net Revenue by Region
Three months ended January 31
 2025 2024
 In millions
Americas$5,519 $5,408 
Europe, Middle East and Africa
4,754 4,668 
Asia-Pacific and Japan3,231 3,109 
Total net revenue$13,504 $13,185 
Value of Remaining Performance Obligations
As of January 31, 2025, 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 January 31, 2025 and October 31, 2024, HP’s contract liabilities balances were $3.0 billion and $2.9 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 three months ended January 31, 2025, was primarily driven by sales of fixed-price support and maintenance services, partially offset by $0.5 billion of revenue recognized that was included in the contract liabilities balance as of October 31, 2024.
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 these programs, 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 January 31, 2025 and October 31, 2024, HP had $8.7 billion and $7.8 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 $0.8 billion and $0.9 billion as of January 31, 2025 and October 31, 2024, respectively. These obligations are included within the Accounts payable line item of HP’s Consolidated Condensed Balance Sheets.