Stockholders' Equity

9 Months Ended

Jul. 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 three and nine months ended July 31, 2012, HP executed share repurchases of 16 million shares and 59 million shares, respectively. Such repurchased shares were settled for $365 million and $1.5 billion, respectively. HP paid $4.6 billion in connection with repurchases of 128 million shares during the three months ended July 31, 2011 and paid $9.6 billion in connection with repurchases of 245 million shares in the first nine months of fiscal 2011. As of July 31, 2012, HP had remaining authorization of $9.3 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 July 31
	2012			2011
	In millions
Net (loss) earnings	$	(8,857	)	$	1,926
Net change in unrealized gains on available-for-sale securities, net of tax of $2 million in 2012 and $3 million in 2011		6			5
Net change in unrealized gains/losses on cash flow hedges:
Unrealized gains recognized in OCI, net of tax of $157 million in 2012 and $46 million in 2011		295			49
(Gains) losses reclassified into income, net of tax of $91 million in 2012 and net of tax benefit of $117 million in 2011		(188	)		222
		107			271
Net change in cumulative translation adjustment, net of tax benefit of $43 million in 2012 and net of tax $6 million in 2011		(344	)		3
Net change in unrealized components of defined benefit plans, net of tax benefit of $1 million in 2012 and net of tax of $6 million in 2011		21			39
Comprehensive (loss) income	$	(9,067	)	$	2,244

	Nine months ended July 31
	2012			2011
	In millions
Net (loss) earnings	$	(5,796	)	$	6,835
Net change in unrealized (losses) gains on available-for-sale securities, net of tax benefit of $3 million in 2012 and net of tax of $1 million in 2011		(8	)		15
Net change in unrealized gains/losses on cash flow hedges:
Unrealized gains (losses) recognized in OCI, net of tax of $249 million in 2012 and net of tax benefit of $195 million in 2011		419			(389	)
(Gains) losses reclassified into income, net of tax of $128 million in 2012 and net of tax benefit of $226 million in 2011		(238	)		435
		181			46
Net change in cumulative translation adjustment, net of tax benefit of $5 million in 2012 and net of tax of $24 million in 2011		(106	)		135
Net change in unrealized components of defined benefit plans, net of tax of $55 million in 2012 and $126 million in 2011		155			367
Comprehensive (loss) income	$	(5,574	)	$	7,398

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

	July 31, 2012			October 31, 2011
	In millions
Net unrealized gain on available-for-sale securities	$	29		$	37
Net unrealized gain (loss) on cash flow hedges		140			(41	)
Cumulative translation adjustment		(491	)		(385	)
Unrealized components of defined benefit plans		(2,954	)		(3,109	)
Accumulated other comprehensive loss	$	(3,276	)	$	(3,498	)