Stockholders' Equity

6 Months Ended

Apr. 30, 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 three and six months ended April 30, 2012, HP executed share repurchases of 13 million shares and 43 million shares, respectively. For the three months ended April 30, 2012, repurchases of 13 million shares were settled for $350 million. For the six months ended April 30, 2012, repurchases of 43 million shares were settled for $1.1 billion. HP had approximately 1 million shares repurchased in the second quarter of fiscal 2012 that will be settled in the third quarter of fiscal 2012. HP paid approximately $2.7 billion in connection with repurchases of approximately 63 million shares during the three months ended April 30, 2011 and paid approximately $5.0 billion in connection with repurchases of approximately 117 million shares in the first six months of fiscal 2011. As of April 30, 2012, HP had remaining authorization of $9.7 billion for future share repurchases.

• Comprehensive Income

        The changes in the components of other comprehensive income ("OCI"), net of taxes, were as follows:

	Three months ended April 30
	2012			2011
	In millions
Net earnings	$	1,593		$	2,304
Net change in unrealized gains on available-for-sale securities, with no tax effect in 2012 and net of tax benefit of $7 million in 2011		43			—
Net change in unrealized gains/losses on cash flow hedges:
Unrealized losses recognized in OCI, net of tax benefit of $60 million in 2012 and $273 million in 2011		(131	)		(498	)
Losses reclassified into income, with no tax effect in 2012 and net of tax benefit of $110 million in 2011		11			226
		(120	)		(272	)
Net change in cumulative translation adjustment, net of tax of $52 million in 2012 and $1 million in 2011		471			81
Net change in unrealized components of defined benefit plans, net of tax benefit of $14 million in 2012 and $108 million in 2011		47			297
Comprehensive income	$	2,034		$	2,410

	Six months ended April 30
	2012			2011
	In millions
Net earnings	$	3,061		$	4,909
Net change in unrealized (losses) gains on available-for-sale securities, net of tax benefit of $5 million in 2012 and $2 million in 2011		(14	)		10
Net change in unrealized gains/losses on cash flow hedges:
Unrealized gains (losses) recognized in OCI, net of tax of $92 million in 2012 and net of tax benefit of $241 million in 2011		124			(438	)
(Gains) losses reclassified into income, net of tax of $37 million in 2012 and net of tax benefit of $109 million in 2011		(50	)		213
		74			(225	)
Net change in cumulative translation adjustment, net of tax of $38 million in 2012 and $18 million in 2011		238			132
Net change in unrealized components of defined benefit plans, net of tax of $56 million in 2012 and net of tax benefit of $98 million in 2011		134			328
Comprehensive income	$	3,493		$	5,154

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

	April 30, 2012			October 31, 2011
	In millions
Net unrealized gain on available-for-sale securities	$	23		$	37
Net unrealized gain (loss) on cash flow hedges		33			(41	)
Cumulative translation adjustment		(147	)		(385	)
Unrealized components of defined benefit plans		(2,975	)		(3,109	)
Accumulated other comprehensive loss	$	(3,066	)	$	(3,498	)