Stock-Based Compensation (Tables)

6 Months Ended

Apr. 30, 2015

Share-based compensation

Schedule of stock based compensation expense and the resulting tax benefits

	Three months ended April 30						Six months ended April 30
	2015			2014			2015			2014
	In millions
Stock-based compensation expense	$	129		$	130		$	316		$	300
Income tax benefit		(42	)		(43	)		(102	)		(96	)
Stock-based compensation expense, net of tax	$	87		$	87		$	214		$	204

Schedule of restricted stock award activity

	Six months ended April 30, 2015
	Shares			Weighted- Average Grant Date Fair Value Per Share
	In thousands
Outstanding at beginning of period		40,808		$	24
Granted		15,722		$	37
Vested		(16,325	)	$	24
Forfeited		(1,540	)	$	26
Outstanding at end of period		38,665		$	30

Stock Options

Share-based compensation

Schedule of weighted-average fair value and the assumptions used to measure fair value

	Three months ended April 30						Six months ended April 30
	2015			2014			2015			2014
Weighted-average fair value of grants per option(1)	$	6.77		$	7.03		$	7.98		$	7.43
Expected volatility(2)		27.7	%		30.4	%		26.3	%		33.5	%
Risk-free interest rate(3)		1.4	%		1.6	%		1.7	%		1.8	%
Expected dividend yield(4)		2.2	%		2.1	%		1.7	%		2.2	%
Expected term in years(5)		5.2			5.2			5.8			5.7

(1)	The weighted-average fair value was based on stock options granted during the period.
(2)	For all awards granted in fiscal 2015, expected volatility was estimated using the implied volatility derived from options traded on HP's common stock. For awards granted in fiscal 2014, expected volatility for awards subject to service-based vesting was estimated using the implied volatility derived from options traded on HP's common stock, whereas for performance-contingent awards, expected volatility was estimated using the historical volatility of HP's common stock.
(3)	The risk-free interest rate was estimated based on the yield on U.S. Treasury zero-coupon issues.
(4)	The expected dividend yield represents a constant dividend yield applied for the duration of the expected term of the award.
(5)	For awards subject to service-based vesting, the expected term was estimated using historical exercise and post-vesting termination patterns; and for performance-contingent awards, the expected term represents an output from the lattice model.

Schedule of stock options activity

	Six months ended April 30, 2015
	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value
	In thousands					In years		In millions
Outstanding at beginning of period		57,853		$	27
Granted and assumed through acquisition		8,081		$	37
Exercised		(9,213	)	$	19
Forfeited/cancelled/expired		(15,281	)	$	41
Outstanding at end of period		41,440		$	26		5.5	$	371
Vested and expected to vest at end of period		38,683		$	26		5.5	$	349
Exercisable at end of period		18,702		$	25		4.3	$	191