Stockholders' Equity

3 Months Ended

Jan. 31, 2014

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 months ended January 31, 2014, HP executed share repurchases of 21 million shares, 20 million shares of which were settled for $565 million. HP had 1 million shares repurchased in the first quarter of fiscal 2014 that will be settled in the second quarter of fiscal 2014. HP paid $253 million in connection with repurchases of 19 million shares during the three months ended January 31, 2013. The shares repurchased and settled in the three months ended January 31, 2014 and 2013 were all open market transactions. As of January 31, 2014, HP had remaining authorization of $7.1 billion for future share repurchases.

• Reclassifications and Taxes related to Items of Other Comprehensive Income (Loss)

	Three months ended January 31
	2014			2013
	In millions
Other comprehensive income (loss):
Net change in unrealized (losses) gains on available-for-sale securities:
Unrealized (losses) gains recognized in OCI, net of tax benefit of $1 million in 2014 and net of tax expense of $33 million in 2013	$	—		$	(30	)
Reclassifications of (gains) losses into earnings, with no tax effect in 2014 and 2013		(1	)		—
		(1	)		(30	)
Net change in unrealized gains (losses) on cash flow hedges:
Unrealized gains (losses) recognized in OCI, net of tax expense of $40 million in 2014 and net of tax benefit of $102 million in 2013		30			(212	)
Reclassifications of losses (gains) into earnings, net of tax benefit of $34 million in 2014 and net of tax benefit of $17 million in 2013(1)		75			47
		105			(165	)
Net change in unrealized components of defined benefit plans(2):
Amortization of actuarial loss and prior service benefit, net of tax benefit of $12 million in 2014 and net of tax benefit of $5 million in 2013		51			78
Curtailments, settlements and other, with no tax effect in 2014 and net of tax of $1 million in 2013		—			12
		51			90
Net change in cumulative translation adjustment, net of tax expense of $20 million in 2014 and net of tax benefit of $18 million in 2013		(44	)		(8	)
Other comprehensive income (loss)	$	111		$	(113	)

⁽¹⁾

Reclassification of pre-tax losses on cash flow hedges into the Consolidated Condensed Statements of Earnings was as follows:

	Three months ended January 31
	2014		2013
	In millions
Net revenue		63		57
Cost of products		23		3
Other operating expenses		4		(1	)
Interest and other, net		19		5

⁽²⁾

These components are included in the computation of net pension and post-retirement benefit (credit) cost in Note 14.

        The components of accumulated other comprehensive loss, net of taxes as of January 31, 2014, and changes during the three months ended January 31, 2014 were as follows:

	Net unrealized gain on available- for-sale securities			Net unrealized loss on cash flow hedges			Unrealized components of defined benefit plans			Cumulative translation adjustment			Accumulated other comprehensive loss
	In millions
Balance at beginning of period	$	76		$	(188	)	$	(3,084	)	$	(582	)	$	(3,778	)
Other comprehensive income (loss) before reclassifications		—			30			—			(44	)		(14	)
Amounts reclassified from accumulated other comprehensive income		(1	)		75			51			—			125
Balance at end of period	$	75		$	(83	)	$	(3,033	)	$	(626	)	$	(3,667	)