Stockholders' Equity

3 Months Ended

Jan. 31, 2012

Stockholders' Equity

Stockholders' Equity

Note 13: Stockholders' Equity

• Share Repurchase Program

        HP's share repurchase program authorizes both open market and private repurchase transactions. In the first quarter of fiscal 2012, HP executed share repurchases of 30 million shares. Repurchases of 29 million shares were settled for $780 million in the first quarter of fiscal 2012. HP had approximately 1 million shares repurchased in the first quarter of fiscal 2012 that will be settled in the second quarter of fiscal 2012. HP paid approximately $2.3 billion in connection with repurchases of approximately 54 million shares during the three months ended January 31, 2011. As of January 31, 2012, HP had remaining authorization of $10.0 billion for future share repurchases.

• Comprehensive Income

        The changes in the components of OCI, net of taxes, were as follows:

	Three months ended January 31
	2012			2011
	In millions
Net earnings	$	1,468		$	2,605
Net change in unrealized (losses) gains on available-for-sale securities, net of tax benefit of $5 million in 2012 and net of tax of $5 million in 2011		(57	)		10
Net change in unrealized gains on cash flow hedges:
Unrealized gains recognized in OCI, net of tax of $152 million in 2012 and $32 million in 2011		255			60
Gains reclassified into income, net of tax of $37 million in 2012 and $1 million in 2011		(61	)		(13	)
		194			47
Net change in cumulative translation adjustment, net of tax benefit of $14 million in 2012 and net of tax of $17 million in 2011		(233	)		51
Net change in unrealized components of defined benefit plans, net of tax of $70 million in 2012 and $10 million in 2011		87			31
Comprehensive income	$	1,459		$	2,744

        The components of accumulated other comprehensive loss, net of taxes, were as follows:

	January 31, 2012			October 31, 2011
	In millions
Net unrealized (loss) gain on available-for-sale securities	$	(20	)	$	37
Net unrealized gain (loss) on cash flow hedges		153			(41	)
Cumulative translation adjustment		(618	)		(385	)
Unrealized components of defined benefit plans		(3,022	)		(3,109	)
Accumulated other comprehensive loss	$	(3,507	)	$	(3,498	)