Retirement and Post-Retirement Benefit Plans (Tables)

12 Months Ended

Oct. 31, 2014

Retirement and Post-Retirement Benefit Plans

Schedule of fair value of plan assets and projected benefit obligations for US defined benefit plans and DPSP

	For the fiscal years ended October 31
	2014				2013
	Plan Assets		Projected Benefit Obligation		Plan Assets		Projected Benefit Obligation
	In millions
U.S. defined benefit plans	$	11,979	$	13,756	$	10,866	$	11,866
DPSP		828		828		837		837

Total	$	12,807	$	14,584	$	11,703	$	12,703

Schedule of net pension and post-retirement benefit (credit) costs

	For the fiscal years ended October 31
	2014			2013			2012			2014			2013			2012			2014			2013			2012
	U.S. Defined Benefit Plans									Non-U.S. Defined Benefit Plans									Post-Retirement Benefit Plans
	In millions
Service cost	$	1		$	1		$	1		$	308		$	337		$	294		$	5		$	6		$	7
Interest cost		569			560			566			737			676			690			32			31			35
Expected return on plan assets		(811	)		(845	)		(793	)		(1,140	)		(1,007	)		(816	)		(34	)		(34	)		(38	)
Amortization and deferrals:
Actuarial loss (gain)		15			77			43			318			341			235			(10	)		2			(3	)
Prior service benefit		—			—			—			(23	)		(27	)		(24	)		(41	)		(67	)		(79	)

Net periodic benefit (credit) cost		(226	)		(207	)		(183	)		200			320			379			(48	)		(62	)		(78	)

Curtailment (gain) loss		—			—			—			(7	)		(3	)		4			—			(7	)		(30	)
Settlement loss (gain)		1			12			11			12			18			(18	)		—			—			—
Special termination benefits		—			—			833			50			31			17			32			(5	)		227

Net benefit (credit) cost	$	(225	)	$	(195	)	$	661		$	255		$	366		$	382		$	(16	)	$	(74	)	$	119

Schedule of weighted average assumptions used to calculate net benefit (credit) cost

	For the fiscal years ended October 31
	2014			2013			2012			2014			2013			2012			2014			2013			2012
	U.S. Defined Benefit Plans									Non-U.S. Defined Benefit Plans									Post-Retirement Benefit Plans
Discount rate		4.9	%		4.1	%		4.8	%		3.9	%		3.8	%		4.5	%		3.9	%		3.0	%		4.4	%
Expected increase in compensation levels		2.0	%		2.0	%		2.0	%		2.4	%		2.4	%		2.5	%		—			—			—
Expected long-term return on plan assets		7.7	%		7.8	%		7.6	%		7.0	%		7.2	%		6.4	%		8.9	%		9.0	%		10.0	%

Schedule of funded status of the defined benefit and post-retirement benefit plans

	As of October 31
	2014			2013			2014			2013			2014			2013
	U.S. Defined Benefit Plans						Non-U.S. Defined Benefit Plans						Post-Retirement Benefit Plans
	In millions
Change in fair value of plan assets:
Fair value—beginning of year	$	10,866		$	11,536		$	16,083		$	14,021		$	396		$	395
Acquisition/addition of plans		—			—			8			7			—			—
Actual return on plan assets		1,648			629			1,814			1,842			83			32
Employer contributions		27			54			1,019			634			92			102
Participant contributions		—			—			64			63			54			72
Benefits paid		(558	)		(1,320	)		(568	)		(504	)		(167	)		(205	)
Settlement		(4	)		(33	)		(49	)		(96	)		—			—
Currency impact		—			—			(801	)		116			—			—

Fair value—end of year		11,979			10,866			17,570			16,083			458			396

Change in benefit obligation:
Projected benefit obligation—beginning of year		11,866			14,237			19,152			18,097			867			1,056
Acquisition/addition of plans		—			—			10			14			—			—
Service cost		1			1			308			337			5			6
Interest cost		569			560			737			676			32			31
Participant contributions		—			—			64			63			54			72
Actuarial loss (gain)		1,882			(1,579	)		2,500			343			22			(85	)
Benefits paid		(558	)		(1,320	)		(568	)		(504	)		(167	)		(205	)
Plan amendments		—			—			—			6			—			—
Curtailment		—			—			(49	)		13			—			—
Settlement		(4	)		(33	)		(49	)		(100	)		—			—
Special termination benefits		—			—			50			31			32			(5	)
Currency impact		—			—			(935	)		176			(5	)		(3	)

Projected benefit obligation—end of year		13,756			11,866			21,220			19,152			840			867

Funded status at end of year	$	(1,777	)	$	(1,000	)	$	(3,650	)	$	(3,069	)	$	(382	)	$	(471	)


Accumulated benefit obligation	$	13,755		$	11,865		$	20,207		$	18,254

Schedule of weighted-average assumptions used to calculate the projected benefit obligations

	For the fiscal years ended October 31
	2014			2013			2014			2013			2014			2013
	U.S. Defined Benefit Plans						Non-U.S. Defined Benefit Plans						Post-Retirement Benefit Plans
Discount rate		4.4	%		4.9	%		3.2	%		3.9	%		3.6	%		3.9	%
Expected increase in compensation levels		2.0	%		2.0	%		2.5	%		2.4	%		—			—

Schedule of net amount recognized for the entity's defined benefit and post-retirement benefit plans in the entity's Consolidated Balance Sheets

	As of October 31
	2014			2013			2014			2013			2014			2013
	U.S. Defined Benefit Plans						Non-U.S. Defined Benefit Plans						Post-Retirement Benefit Plans
	In millions
Noncurrent assets	$	—		$	—		$	421		$	479		$	—		$	—
Current liabilities		(35	)		(33	)		(43	)		(46	)		(47	)		(109	)
Noncurrent liabilities		(1,742	)		(967	)		(4,028	)		(3,502	)		(335	)		(362	)

Funded status at end of year	$	(1,777	)	$	(1,000	)	$	(3,650	)	$	(3,069	)		(382	)	$	(471	)

Summary of pretax net actuarial loss (gain) and prior service benefit recognized in accumulated other comprehensive loss for defined benefit and post-retirement benefit plans

	For the fiscal year ended October 31, 2014
	U.S. Defined Benefit Plans		Non-U.S. Defined Benefit Plans			Post-Retirement Benefit Plans
	In millions
Net actuarial loss (gain)	$	1,405	$	5,423		$	(115	)
Prior service benefit		—		(186	)		(119	)

Total recognized in accumulated other comprehensive loss	$	1,405	$	5,237		$	(234	)

Summary of actuarial loss (gain) and prior service benefit that are expected to be amortized from accumulated other comprehensive loss (income) and recognized as components of net periodic benefit cost (credit)

	U.S. Defined Benefit Plans		Non-U.S. Defined Benefit Plans			Post-Retirement Benefit Plans
	In millions
Net actuarial loss (gain)	$	54	$	452		$	(10	)
Prior service benefit		—		(22	)		(20	)

Total expected to be recognized in net periodic benefit cost (credit)	$	54	$	430		$	(30	)

Schedule of defined benefit plans with projected benefit obligations exceeding the fair value of plan assets

	As of October 31
	2014		2013		2014		2013
	U.S. Defined Benefit Plans				Non-U.S. Defined Benefit Plans
	In millions
Aggregate fair value of plan assets	$	11,979	$	10,866	$	12,701	$	10,462
Aggregate projected benefit obligation	$	13,756	$	11,866	$	16,774	$	14,010

Schedule of defined benefit plans with accumulated benefit obligations exceeding the fair value of plan assets

	As of October 31
	2014		2013		2014		2013
	U.S. Defined Benefit Plans				Non-U.S. Defined Benefit Plans
	In millions
Aggregate fair value of plan assets	$	11,979	$	10,866	$	12,578	$	9,926
Aggregate accumulated benefit obligation	$	13,755	$	11,865	$	15,797	$	12,703

Schedule of fair value of plan assets by asset category within the fair value hierarchy

	As of October 31, 2014
	U.S. Defined Benefit Plans									Non-U.S. Defined Benefit Plans								Post-Retirement Benefit Plans
	Level 1			Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total		Level 1			Level 2		Level 3		Total
	In millions
Asset Category:
Equity securities
U.S.	$	1,787		$	—	$	—	$	1,787	$	2,935	$	30	$	—	$	2,965	$	—		$	—	$	—	$	—
Non-U.S.		1,268			—		—		1,268		4,050		742		80		4,872		—			—		—		—
Debt securities
Corporate		—			3,283		7		3,290		—		2,935		—		2,935		—			20		—		20
Government(1)		—			2,204		—		2,204		—		1,787		—		1,787		—			22		—		22
Alternative Investments
Private Equity(2)		—			—		1,284		1,284		—		2		51		53		—			—		271		271
Hybrids(3)		—			—		3		3		114		2,466		43		2,623		—			—		1		1
Hedge Funds(4)		—			346		263		609		—		103		285		388		—			—		—		—
Real Estate Funds		—			—		—		—		220		277		543		1,040		—			—		—		—
Insurance Group Annuity Contracts		—			—		—		—		—		44		79		123		—			—		—		—
Common Collective Trusts and 103-12 Investment Entities(5)		—			854		—		854		—		—		—		—		—			55		—		55
Registered Investment Companies(6)		68			314		—		382		—		—		—		—		86			1		—		87
Cash and Cash Equivalents(7)		161			66		—		227		573		—		—		573		—			6		—		6
Other(8)		(24	)		95		—		71		79		130		2		211		(4	)		—		—		(4	)

Total	$	3,260		$	7,162	$	1,557	$	11,979	$	7,971	$	8,516	$	1,083	$	17,570	$	82		$	104	$	272	$	458

(1)	Includes debt issued by national, state and local governments and agencies.
(2)	Includes limited partnerships such as equity, buyout, venture capital, real estate and other similar funds that invest in the U.S. and internationally where foreign currencies are hedged.
(3)	Includes a fund that invests in both private and public equities primarily in the U.S. and the United Kingdom, as well as emerging markets across all sectors. The fund also holds fixed income and derivative instruments to hedge interest rate and inflation risk. In addition, the fund includes units in transferable securities, collective investment schemes, money market funds, cash and deposits.
(4)	Includes limited partnerships that invest both long and short primarily in common stocks and credit, relative value, event driven equity, distressed debt and macro strategies. Management of the hedge funds has the ability to shift investments from value to growth strategies, from small to large capitalization stocks and bonds, and from a net long position to a net short position.
(5)	Department of Labor 103-12 IE (Investment Entity) designation is for plan assets held by two or more unrelated employee benefit plans which includes limited partnerships and venture capital partnerships.
(6)	Includes publicly and privately traded Registered Investment Entities.
(7)	Includes cash and cash equivalents such as short-term marketable securities.
(8)	Includes international insured contracts, derivative instruments and unsettled transactions.

	As of October 31, 2013
	U.S. Defined Benefit Plans											Non-U.S. Defined Benefit Plans								Post-Retirement Benefit Plans
	Level 1			Level 2			Level 3		Total			Level 1		Level 2		Level 3		Total		Level 1			Level 2		Level 3		Total
	In millions
Asset Category:
Equity securities
U.S.	$	1,711		$	—		$	—	$	1,711		$	2,456	$	31	$	—	$	2,487	$	—		$	—	$	—	$	—
Non-U.S.		1,274			—			—		1,274			4,059		670		77		4,806		—			—		—		—
Debt securities
Corporate		—			3,028			—		3,028			—		3,347		—		3,347		—			17		—		17
Government(1)		—			1,849			—		1,849			—		1,751		—		1,751		5			17		—		22
Alternative Investments
Private Equity(2)		—			—			1,250		1,250			—		2		48		50		—			—		234		234
Hybrids(3)		—			—			2		2			—		1,223		—		1,223		—			—		1		1
Hedge Funds(4)		—			—			113		113			—		226		204		430		—			—		—		—
Real Estate Funds		—			—			—		—			470		237		325		1,032		—			—		—		—
Insurance Group Annuity Contracts		—			—			—		—			—		50		81		131		—			—		—		—
Common Collective Trusts and 103-12 Investment Entities(5)		—			1,233			—		1,233			—		—		—		—		—			42		—		42
Registered Investment Companies(6)		61			329			—		390			—		—		—		—		79			—		—		79
Cash and Cash Equivalents(7)		11			62			—		73			648		4		—		652		—			3		—		3
Other(8)		(37	)		(20	)		—		(57	)		110		62		2		174		(2	)		—		—		(2	)

Total	$	3,020		$	6,481		$	1,365	$	10,866		$	7,743	$	7,603	$	737	$	16,083	$	82		$	79	$	235	$	396

(1)	Includes debt issued by national, state and local governments and agencies.
(2)	Includes limited partnerships such as equity, buyout, venture capital, real estate and other similar funds that invest in the U.S. and internationally where foreign currencies are hedged.
(3)	Includes a fund that invests in both private and public equities primarily in the U.S. and the United Kingdom, as well as emerging markets across all sectors. The fund also holds fixed income and derivative instruments to hedge interest rate and inflation risk. In addition, the fund includes units in transferable securities, collective investment schemes, money market funds, cash and deposits.
(4)	Includes limited partnerships that invest both long and short primarily in common stocks and credit, relative value, event driven equity, distressed debt and macro strategies. Management of the hedge funds has the ability to shift investments from value to growth strategies, from small to large capitalization stocks and bonds, and from a net long position to a net short position.
(5)	Department of Labor 103-12 IE (Investment Entity) designation is for plan assets held by two or more unrelated employee benefit plans which includes limited partnerships and venture capital partnerships.
(6)	Includes publicly and privately traded Registered Investment Entities.
(7)	Includes cash and cash equivalents such as short-term marketable securities.
(8)	Includes international insured contracts, derivative instruments and unsettled transactions.

Schedule of changes in fair value measurements of Level 3 investments

	For the fiscal year ended October 31, 2014
	U.S. Defined Benefit Plans												Non-U.S. Defined Benefit Plans																			Post-Retirement Benefit Plans
	Debt Securities		Alternative Investments										Equity		Alternative Investments																	Alternative Investments
	Corporate Debt		Private Equity			Hybrids		Hedge Funds		Total			Non U.S. Equities		Private Equity			Hedge Funds			Hybrids		Real Estate		Insurance Group Annuities			Other		Total		Private Equity			Hybrids		Total
	In millions
Beginning balance at October 31, 2013	$	—	$	1,250		$	2	$	113	$	1,365		$	77	$	48		$	204		$	—	$	325	$	81		$	2	$	737	$	234		$	1	$	235
Actual return on plan assets:
Relating to assets still held at the reporting date		—		92			1		10		103			3		2			14			—		46		(8	)		—		57		51			—		51
Relating to assets sold during the period		—		169			—		—		169			—		2			(1	)		—		—		—			—		1		21			—		21
Purchases, sales, and settlements (net)		7		(227	)		—		140		(80	)		—		(1	)		68			43		108		(2	)		—		216		(35	)		—		(35	)
Transfers in and/or out of Level 3		—		—			—		—		—			—		—			—			—		64		8			—		72		—			—		—

Ending balance at October 31, 2014	$	7	$	1,284		$	3	$	263	$	1,557		$	80	$	51		$	285		$	43	$	543	$	79		$	2	$	1,083	$	271		$	1	$	272

	For the fiscal year ended October 31, 2013
	U.S. Defined Benefit Plans													Non-U.S. Defined Benefit Plans																Post-Retirement Benefit Plans
	Debt Securities			Alternative Investments										Equity		Alternative Investments														Alternative Investments
	Corporate Debt			Private Equity			Hybrids		Hedge Funds		Total			Non U.S. Equities		Private Equity		Hedge Funds			Real Estate		Insurance Group Annuities			Other		Total		Private Equity			Hybrids		Total
	In millions
Beginning balance at October 31, 2012	$	1		$	1,300		$	2	$	65	$	1,368		$	76	$	21	$	233		$	194	$	88		$	2	$	614	$	235		$	1	$	236
Actual return on plan assets:
Relating to assets still held at the reporting date		—			(9	)		—		13		4			1		8		—			16		(5	)		—		20		5			—		5
Relating to assets sold during the period		—			143			—		—		143			—		—		11			—		—			—		11		21			—		21
Purchases, sales, and settlements (net)		—			(184	)		—		35		(149	)		—		19		(40	)		115		(2	)		—		92		(27	)		—		(27	)
Transfers in and/or out of Level 3		(1	)		—			—		—		(1	)		—		—		—			—		—			—		—		—			—		—

Ending balance at October 31, 2013	$	—		$	1,250		$	2	$	113	$	1,365		$	77	$	48	$	204		$	325	$	81		$	2	$	737	$	234		$	1	$	235

Schedule of weighted-average target and actual asset allocations across the benefit plans

	U.S. Defined Benefit Plans									Non-U.S. Defined Benefit Plans									Post-Retirement Benefit Plans
				Plan Assets									Plan Assets									Plan Assets
	2014 Target Allocation			Plan Assets						2014 Target Allocation			Plan Assets						2014 Target Allocation			Plan Assets
Asset Category	2014 Target Allocation			2014			2013			2014 Target Allocation			2014			2013			2014 Target Allocation			2014			2013
Public equity securities					31.3	%		36.7	%					46.8	%		48.0	%					10.2	%		9.5	%
Private/other equity securities					15.8	%		12.6	%					15.2	%		7.9	%					58.6	%		59.1	%
Real estate and other					0.6	%		—						7.1	%		7.5	%					—			—

Equity-related investments		47.5	%		47.7	%		49.3	%		67.7	%		69.1	%		63.4	%		71.1	%		68.8	%		68.6	%
Debt securities		52.5	%		49.2	%		48.2	%		31.6	%		27.6	%		32.5	%		27.0	%		27.5	%		29.0	%
Cash		—			3.1	%		2.5	%		0.7	%		3.3	%		4.1	%		1.9	%		3.7	%		2.4	%

Total		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%

Schedule of estimated future benefits payable for the retirement and post-retirement plans

As of October 31, 2014, HP estimates that the future benefits payments for the retirement and post-retirement plans are as follows:

Fiscal year	U.S. Defined Benefit Plans		Non-U.S. Defined Benefit Plans		Post-Retirement Benefit Plans
	In millions
2015	$	801	$	567	$	91
2016		588		528		94
2017		613		560		82
2018		648		606		71
2019		694		659		68
Next five fiscal years to October 31, 2024		3,850		3,980		278