Stock-Based Compensation (Tables)

9 Months Ended

Jul. 31, 2012

	Shares			Weighted- Average Grant Date Fair Value Per Share

	In thousands
Outstanding at October 31, 2011		16,813		$	39
Granted		19,119		$	28
Vested		(3,678	)	$	42
Forfeited		(2,266	)	$	35

Outstanding at July 31, 2012		29,988		$	32

	Shares			Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value

	In thousands					In years		In millions
Outstanding at October 31, 2011		120,243		$	28
Granted		7,173		$	27
Exercised		(29,290	)	$	20
Forfeited/cancelled/expired		(8,357	)	$	37

Outstanding at July 31, 2012		89,769		$	29		3.3	$	51

Vested and expected to vest at July 31, 2012		88,062		$	29		3.2	$	49

Exercisable at July 31, 2012		66,114		$	31		2.0	$	31

	Shares

	In thousands
Outstanding Target Shares at October 31, 2011		11,382
Granted		1,252
Vested		—
Change in units due to performance and market conditions achievement for PRUs vested in the period		—
Forfeited		(1,062	)

Outstanding Target Shares at July 31, 2012		11,572

Outstanding Target Shares assigned a fair value at July 31, 2012		9,259	⁽¹⁾

⁽¹⁾: Excludes Target Shares for the third year for PRUs granted in fiscal 2011 and for the second and third years for PRUs granted in the nine months ended July 31, 2012 as the measurement date has not yet been established. The measurement date and related fair value for the excluded PRUs will be established when the annual performance goals are approved.

Stock Options

	Three months ended July 31						Nine months ended July 31

	2012			2011			2012			2011
Weighted-average fair value of grants per share⁽¹⁾	$	6.70		$	8.44		$	9.30		$	10.24
Implied volatility		36	%		28	%		42	%		28	%
Risk-free interest rate		1.20	%		1.64	%		1.20	%		1.87	%
Dividend yield		2.40	%		1.34	%		1.77	%		0.94	%
Expected life in months		77			61			67			60

⁽¹⁾: The fair value calculation was based on stock options granted during the period.

Performance-based Restricted Units (PRUs)

	Nine months ended July 31

	2012			2011
Weighted-average fair value of grants per share	$	3.35	⁽¹⁾	$	27.59	⁽²⁾
Expected volatility⁽³⁾		41	%		30	%
Risk-free interest rate		0.14	%		0.38	%
Dividend yield		1.78	%		0.75	%
Expected life in months		15			19

⁽¹⁾: Reflects the weighted-average fair value for the third year of the three-year performance period applicable to PRUs granted in fiscal 2010 and for the second year of the three-year performance period applicable to PRUs granted in fiscal 2011. The estimated fair value of the Target Shares for the third year for PRUs granted in fiscal 2011 will be determined on the measurement date applicable to those PRUs, which will occur during the period that the annual performance goals are approved for those PRUs, and the expense will be amortized over the remainder of the applicable three-year performance period.
⁽²⁾: Reflects the weighted-average fair value for the third year of the three-year performance period applicable to PRUs granted in fiscal 2009, for the second year of the three-year performance period applicable to PRUs granted in fiscal 2010 and for the first year of the three-year performance period applicable to PRUs granted in the nine months ended July 31, 2011.
⁽³⁾: HP uses historic volatility for PRU awards as implied volatility cannot be used when simulating multivariate prices for companies in the S&P 500.