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Restructuring and Other Charges
 6 Months Ended
Apr. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges Restructuring and Other Charges
Summary of Restructuring Plans
HP’s restructuring activities summarized by plan were as follows:
Fiscal 2023 Plan
Severance and EERNon-labor
Other prior-year plans(1)
Total
In millions
Accrued balance as of October 31, 2024$120 $11 $7 $138 
Charges141 20 — 161 
Cash payments(110)(6)(2)(118)
Non-cash and other adjustments1 (16)— (15)
Accrued balance as of April 30, 2025$152 $9 $5 $166 
Total costs incurred to date as of April 30, 2025$748 $77 $878 $1,703 
Reflected in the Consolidated Condensed Balance Sheets
Other current liabilities$152 $3 $5 $160 
Other non-current liabilities$— $6 $— $6 
Accrued balance as of October 31, 2023$88 $18 $2 $108 
Charges93 6 3 102 
Cash payments(100)(9)(3)(112)
Non-cash and other adjustments2 (2)(2)(2)
Accrued balance as of April 30, 2024$83 $13 $— $96 
HP’s restructuring charges for the three months ended April 30, 2025 summarized by the plans outlined below were as follows:
Fiscal 2023 Plan
Severance and EERNon-labor
Other prior-year plans (1)
Total
In millions
For the three months ended April 30, 2025$97 $8 $— $105 
(1)     Primarily includes the fiscal 2020 plan along with other legacy plans, all of which are substantially complete. HP does not expect any further material activity associated with these plans.
Fiscal 2023 Plan
On November 18, 2022, HP’s Board of Directors approved the Future Ready Plan (the “Fiscal 2023 Plan”) intended to enable digital transformation, portfolio optimization and operational efficiency which HP expects will be implemented through fiscal 2025. HP estimates that it will incur pre-tax charges of approximately $1.0 billion of which approximately $0.7 billion primarily in labor costs related to workforce reductions and the remaining costs will relate to non-labor actions and other charges.
On February 27, 2025, HP approved an amendment to the Fiscal 2023 Plan increasing its expected gross workforce reductions of 7,000 employees by approximately 1,000 to 2,000 employees. The changes to the workforce will vary by country, based on local legal requirements and consultations with employee works councils and other employee representatives, as appropriate. The Company anticipates incurring an additional $150 million in restructuring and other charges primarily related to labor costs in connection with the plan amendment.
Other Charges
Other charges include non-recurring costs, including those as a result of information technology rationalization efforts and transformation program management costs, and are distinct from ongoing operational costs. These costs primarily relate to third-party professional services and other non-recurring costs. For the three and six months ended April 30, 2025, HP incurred $17 million and $31 million of other charges, respectively. For the three and six months ended April 30, 2024, HP incurred $17 million and $32 million of other charges, respectively.