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Stockholders' Equity
 9 Months Ended
Jul. 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 and nine months ended July 31, 2014, HP executed share repurchases of 16 million shares and 64 million shares, respectively. Such repurchased shares were settled for $582 million and $2.0 billion, respectively. In the three and nine months ended July 31, 2013, HP paid $3 million and $1.1 billion in connection with repurchases of 0.2 million shares and 56 million shares, respectively. The shares repurchased and settled during the nine months ended July 31, 2014 and 2013 were all open market transactions. As of July 31, 2014, HP had remaining authorization of $5.7 billion for future share repurchases.

  • Taxes related to Other Comprehensive Income (Loss)

 
   Three months
ended
July 31		   Nine months
ended
July 31		  
 
   2014   2013   2014   2013  
 
   In millions
  

Tax benefit (provision) on change in unrealized gains on available-for-sale securities:

                          

Tax benefit (provision) on unrealized gains arising during the period

   $ 1   $ 27   $ —   $ (11 )

Tax provision on gains reclassified into earnings

     —     —     —     —  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     1     27     —     (11 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Tax (provision) benefit on change in unrealized gains (losses) on cash flow hedges:

                          

Tax (provision) benefit on unrealized gains (losses) arising during the period

     (52 )   (14 )   (17 )   46  

Tax benefit on losses (gains) reclassified into earnings

     (21 )   (4 )   (84 )   (11 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     (73 )   (18 )   (101 )   35  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Tax (provision) benefit on change in unrealized components of defined benefit plans:

                          

Tax (provision) benefit on (losses) gains arising during the period

     (13 )   (8 )   8     (8 )

Tax (benefit) provision on amortization of actuarial loss and prior service benefit

     (2 )   10     (16 )   (11 )

Tax provision on curtailments, settlements and other

     —     (3 )   (7 )   (4 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     (15 )   (1 )   (15 )   (23 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Tax benefit (provision) on change in cumulative translation adjustment

     1     —     (7 )   22  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Tax (provision) benefit on other comprehensive income (loss)

   $ (86 ) $ 8   $ (123 ) $ 23  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

  • Changes and reclassifications related to Other Comprehensive Income, net of taxes

 
   Three months
ended
July 31		   Nine months
ended
July 31		  
 
   2014   2013   2014   2013  
 
   In millions
  

Other comprehensive income (loss):

                          

Change in unrealized gains on available-for-sale securities:

                          

Unrealized gains arising during the period

   $ 8   $ 38   $ 6   $ 22  

Gains reclassified into earnings

     —     (49 )   (1 )   (49 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

   $ 8     (11 )   5     (27 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Change in unrealized gains (losses) on cash flow hedges:

                          

Unrealized gains (losses) arising during the period

     82     102     (122 )   2  

Losses (gains) reclassified into earnings(1)

     104     (25 )   251     8  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     186     77     129     10  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Change in unrealized components of defined benefit plans:

                          

(Losses) gains arising during the period

     (21 )   22     (111 )   23  

Amortization of actuarial loss and prior service benefit(2)

     65     88     180     231  

Curtailments, settlements and other

     2     12     35     24  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

     46     122     104     278  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Change in cumulative translation adjustment

     (21 )   (99 )   (70 )   (135 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Other comprehensive income, net of taxes

   $ 219   $ 89   $ 168   $ 126  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
(1)
Reclassification of pre-tax losses (gains) on cash flow hedges into the Consolidated Condensed Statements of Earnings was as follows:

   
   Three months
ended
July 31		   Nine months
ended
July 31		  
   
   2014   2013   2014   2013  
   
   In millions
  
 

Net revenue

   $ 103   $ (88 ) $ 229   $ (77 )
 

Cost of products

     12     77     56     107  
 

Other operating expenses

     —     (1 )   7     (6 )
 

Interest and other, net

     10     (9 )   43     (5 )
                     
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
 

 

   $ 125   $ (21 ) $ 335   $ 19  
                     
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
  ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                     
(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 July 31, 2014, and changes during the nine months ended July 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

     6     (122 )   (76 )   (70 )   (262 )

Reclassifications of (gains) losses into earnings

     (1 )   251     180     —     430  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance at end of period

   $ 81   $ (59 ) $ (2,980 ) $ (652 ) $ (3,610 )
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​