Goodwill and Intangible Assets

12 Months Ended

Oct. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill allocated to HP’s reportable segments and changes in the carrying amount of goodwill were as follows:  

	Personal Systems		Printing		Corporate Investments		Total
	In millions
Balance as of October 31, 2023(1)	$	4,722	$	3,751	$	118	$	8,591
Acquisitions	26		2		—		28
Foreign currency translation and other	—		8		—		8
Balance as of October 31, 2024(1)	4,748		3,761		118		8,627
Acquisitions	—		—		79		79
Foreign currency translation and other	(24)		24		—		—
Balance as of October 31, 2025(1)	$	4,724	$	3,785	$	197	$	8,706

(1)Goodwill is net of accumulated impairment losses of $0.8 billion related to Corporate Investments recorded in fiscal year 2011.

Goodwill is tested for impairment at the reporting unit level. As of October 31, 2025, our reporting units are consistent with the reportable segments identified in Note 2, “Segment Information”. Personal Systems had a negative carrying amount of net assets as of October 31, 2025, 2024 and 2023 primarily as a result of a favorable cash conversion cycle.

Intangible Assets

HP’s acquired intangible assets were composed of:

	As of October 31, 2025						As of October 31, 2024
	Gross(1)		Accumulated Amortization(1)		Net		Gross(1)		Accumulated Amortization(1)		Net
	In millions
Customer contracts, customer lists and distribution agreements	$	726	$	428	$	298	$	783	$	372	$	411
Technology and patents	1,625		1,004		621		1,666		884		782
Trade name and trademarks	219		126		93		218		92		126
Total intangible assets	$	2,570	$	1,558	$	1,012	$	2,667	$	1,348	$	1,319

(1)    Excludes the original cost and accumulated depreciation of fully amortized intangibles.

During fiscal year 2025, the Company incurred impairment charges of $65 million related to acquired customer contracts, customer lists and distribution agreements within the Printing segment and $27 million of technology and patents within the Corporate Investment segment which were recorded within Amortization of intangible assets in the Consolidated Statement of Earnings.

As of October 31, 2025, estimated future amortization expense related to acquired intangible assets was as follows:

Fiscal year	In millions
2026	$	225
2027	220
2028	175
2029	125
2030	98
Thereafter	169
Total	$	1,012