Financing Receivables and Operating Leases (Tables)

12 Months Ended

Oct. 31, 2014

Financing Receivables and Operating Leases

Components of financing receivables

	As of October 31
	2014			2013
	In millions
Minimum lease payments receivable	$	6,982		$	7,505
Unguaranteed residual value		235			252
Unearned income		(547	)		(604	)
Financing receivables, gross		6,670			7,153
Allowance for doubtful accounts		(111	)		(131	)
Financing receivables, net		6,559			7,022
Less: current portion(1)		(2,946	)		(3,144	)
Amounts due after one year, net(1)	$	3,613		$	3,878

(1) HP includes the current portion in Financing receivables and amounts due after one year, net in Long-term financing receivables and other assets in the accompanying Consolidated Balance Sheets.

Scheduled maturities of minimum lease payments receivable

        As of October 31, 2014, scheduled maturities of HP's minimum lease payments receivable were as follows for the fiscal years ended October 31:

	2015		2016		2017		2018		2019		Thereafter		Total
	In millions
Scheduled maturities of minimum lease payments receivable	$	3,220	$	1,959	$	1,112	$	483	$	174	$	34	$	6,982

Credit risk profile of gross financing receivables

	As of October 31
	2014		2013
	In millions
Risk Rating:
Low	$	3,536	$	3,948
Moderate		3,022		3,084
High		112		121
Total	$	6,670	$	7,153

Schedule of allowance for doubtful accounts for financing receivables

	As of October 31
	2014			2013			2012
	In millions
Balance at beginning of year	$	131		$	149		$	130
Provision for doubtful accounts		30			38			42
Deductions, net of recoveries		(50	)		(56	)		(23	)
Balance at end of year	$	111		$	131		$	149

Gross financing receivables and related allowance collectively and individually evaluated for loss

	As of October 31
	2014		2013
	In millions
Gross financing receivables collectively evaluated for loss	$	6,378	$	6,773
Gross financing receivables individually evaluated for loss		292		380
Total	$	6,670	$	7,153
Allowance for financing receivables collectively evaluated for loss	$	92	$	95
Allowance for financing receivables individually evaluated for loss		19		36
Total	$	111	$	131

Summary of the aging and non-accrual status of gross financing receivables

	As of October 31
	2014		2013
	In millions
Billed(1):
Current 1-30 days	$	243	$	217
Past due 31-60 days		46		50
Past due 61-90 days		12		15
Past due >90 days		49		46
Unbilled sales-type and direct-financing lease receivables		6,320		6,825
Total gross financing receivables	$	6,670	$	7,153
Gross financing receivables on non-accrual status(2)	$	130	$	199
Gross financing receivables 90 days past due and still accruing interest(2)	$	162	$	181

(1)	Includes billed operating lease receivables and billed sales-type and direct-financing lease receivables.
(2)	Includes billed operating lease receivables and billed and unbilled sales-type and direct-financing lease receivables.

Schedule of operating lease assets included in machinery and equipment

	As of October 31
	2014			2013
	In millions
Equipment leased to customers	$	3,977		$	3,822
Accumulated depreciation		(1,382	)		(1,452	)
	$	2,595		$	2,370

Minimum future rentals on non-cancelable operating leases

        As of October 31, 2014, minimum future rentals on non-cancelable operating leases related to leased equipment were as follows for the fiscal years ended October 31:

	2015		2016		2017		2018		2019		Thereafter		Total
	In millions
Minimum future rentals on non-cancelable operating leases	$	1,487	$	958	$	467	$	156	$	50	$	6	$	3,124