Borrowings (Tables)

6 Months Ended

Apr. 30, 2014

Borrowings

Schedule of notes payable and short-term borrowings, including the current portion of long-term debt

	As of April 30, 2014					As of October 31, 2013
	Amount Outstanding		Weighted- Average Interest Rate			Amount Outstanding		Weighted- Average Interest Rate
	In millions					In millions
Current portion of long-term debt	$	4,584		2.1	%	$	5,226		2.8	%
Commercial paper(1)		349		0.5	%		327		0.4	%
Notes payable to banks, lines of credit and other(1)		463		3.9	%		426		1.7	%
	$	5,396				$	5,979

⁽¹⁾

Commercial paper includes $349 million and $327 million and Notes payable to banks, lines of credit and other includes $382 million and $368 million at April 30, 2014 and October 31, 2013, respectively, of borrowing and funding-related activity associated with HP Financial Services ("HPFS") and its subsidiaries.

Schedule of long-term debt

	As of
	April 30, 2014			October 31, 2013
	In millions
U.S. Dollar Global Notes(1)
2006 Shelf Registration Statement:
$500 issued at discount to par at a price of 99.694% in February 2007 at 5.4%, due March 2017	$	500		$	499
$750 issued at discount to par at a price of 99.932% in March 2008 at 5.5%, due March 2018		750			750
$2,000 issued at discount to par at a price of 99.561% in December 2008 at 6.125%, paid March 2014		—			1,999
$1,500 issued at discount to par at a price of 99.993% in February 2009 at 4.75%, paid June 2014		1,500			1,500
2009 Shelf Registration Statement:
$1,100 issued at discount to par at a price of 99.887% in September 2010 at 2.125%, due September 2015		1,100			1,100
$650 issued at discount to par at a price of 99.911% in December 2010 at 2.2%, due December 2015		650			650
$1,350 issued at discount to par at a price of 99.827% in December 2010 at 3.75%, due December 2020		1,349			1,349
$500 issued at par in May 2011 at three-month USD LIBOR plus 0.4%, paid May 2014		500			500
$500 issued at discount to par at a price of 99.971% in May 2011 at 1.55%, paid May 2014		500			500
$1,000 issued at discount to par at a price of 99.958% in May 2011 at 2.65%, due June 2016		1,000			1,000
$1,250 issued at discount to par at a price of 99.799% in May 2011 at 4.3%, due June 2021		1,248			1,248
$350 issued at par in September 2011 at three-month USD LIBOR plus 1.55%, due September 2014		350			350
$750 issued at discount to par at a price of 99.977% in September 2011 at 2.35%, due March 2015		750			750
$1,300 issued at discount to par at a price of 99.784% in September 2011 at 3.0%, due September 2016		1,298			1,298
$1,000 issued at discount to par at a price of 99.816% in September 2011 at 4.375%, due September 2021		999			999
$1,200 issued at discount to par at a price of 99.863% in September 2011 at 6.0%, due September 2041		1,198			1,198
$650 issued at discount to par at a price of 99.946% in December 2011 at 2.625%, due December 2014		650			650
$850 issued at discount to par at a price of 99.790% in December 2011 at 3.3%, due December 2016		849			849
$1,500 issued at discount to par at a price of 99.707% in December 2011 at 4.65%, due December 2021		1,496			1,496
$1,500 issued at discount to par at a price of 99.985% in March 2012 at 2.6%, due September 2017		1,500			1,500
$500 issued at discount to par at a price of 99.771% in March 2012 at 4.05%, due September 2022		499			499
2012 Shelf Registration Statement:
$750 issued at par in January 2014 at three-month USD LIBOR plus 0.94%, due January 2019		750			—
$1,250 issued at discount to par at a price of 99.954% in January 2014 at 2.75%, due January 2019		1,249			—
		20,685			20,684
EDS Senior Notes(1)
$300 issued October 1999 at 7.45%, due October 2029		314			314
Other, including capital lease obligations, at 0.00%-8.50%, due in calendar years 2014-2024(2)		689			689
Fair value adjustment related to hedged debt		86			147
Less: current portion		(4,584	)		(5,226	)
Total long-term debt	$	17,190		$	16,608

⁽¹⁾

HP may redeem some or all of the fixed-rate U.S. Dollar Global Notes and EDS Senior Notes at any time in accordance with the terms thereof. The U.S. Dollar Global Notes are senior unsecured debt.

⁽²⁾

Other, including capital lease obligations includes $177 million and $244 million at April 30, 2014 and October 31, 2013, respectively, of borrowing and funding-related activity associated with HPFS and its subsidiaries that are collateralized by receivables and underlying assets associated with the related capital and operating leases. For both the periods presented, the carrying amount of the assets approximated the carrying amount of the borrowings.

Schedule of interest expense on borrowings recognized in the Consolidated Condensed Statements of Earnings

		Three months ended April 30				Six months ended April 30
Expense	Location	2014		2013		2014		2013
		In millions
Financing interest	Financing interest	$	69	$	81	$	141	$	161
Interest expense	Interest and other, net		91		103		190		225
Total interest expense		$	160	$	184	$	331	$	386