Financial Instruments (Tables)

9 Months Ended

Jul. 31, 2015

Financial Instruments

Schedule of cash equivalents and available-for-sale investments

	As of July 31, 2015									As of October 31, 2014
	Cost		Gross Unrealized Gain		Gross Unrealized Loss			Fair Value		Cost		Gross Unrealized Gain		Gross Unrealized Loss			Fair Value
	In millions
Cash Equivalents:
Time deposits	$	3,043	$	—	$	—		$	3,043	$	2,720	$	—	$	—		$	2,720
Money market funds		9,926		—		—			9,926		9,857		—		—			9,857
Mutual funds		250		—		—			250		110		—		—			110
Total cash equivalents		13,219		—		—			13,219		12,687		—		—			12,687
Available-for-Sale Investments:
Debt securities:
Time deposits		153		—		—			153		145		—		—			145
Foreign bonds		251		79		—			330		286		90		—			376
Other debt securities		55		—		(13	)		42		61		—		(14	)		47
Total debt securities		459		79		(13	)		525		492		90		(14	)		568
Equity securities:
Mutual funds		39		—		—			39		134		—		—			134
Equity securities in public companies		59		8		—			67		8		7		—			15
Total equity securities		98		8		—			106		142		7		—			149
Total available-for-sale investments		557		87		(13	)		631		634		97		(14	)		717
Total cash equivalents and available-for-sale investments	$	13,776	$	87	$	(13	)	$	13,850	$	13,321	$	97	$	(14	)	$	13,404

Schedule of contractual maturities of short- and long-term investments in available-for-sale debt securities

	As of July 31, 2015
	Amortized Cost		Fair Value
	In millions
Due in one year	$	135	$	135
Due in one to five years		4		4
Due in more than five years		320		386
	$	459	$	525

Schedule of gross notional and fair value of derivative instruments in the Consolidated Condensed Balance Sheets

	As of July 31, 2015										As of October 31, 2014
	Outstanding Gross Notional		Other Current Assets		Long-Term Financing Receivables and Other Assets		Other Accrued Liabilities		Long-Term Other Liabilities		Outstanding Gross Notional		Other Current Assets		Long-Term Financing Receivables and Other Assets		Other Accrued Liabilities		Long-Term Other Liabilities
	In millions
Derivatives designated as hedging instruments
Fair value hedges:
Interest rate contracts	$	10,800	$	13	$	75	$	—	$	3	$	10,800	$	3	$	102	$	—	$	55
Cash flow hedges:
Foreign currency contracts		21,316		596		245		247		125		20,196		539		124		131		94
Net investment hedges:
Foreign currency contracts		1,879		122		73		3		2		1,952		44		47		10		8
Total derivatives designated as hedging instruments		33,995		731		393		250		130		32,948		586		273		141		157
Derivatives not designated as hedging instruments
Foreign currency contracts		12,636		112		74		57		53		21,384		82		32		82		25
Other derivatives		321		3		1		1		—		361		6		1		—		—
Total derivatives not designated as hedging instruments		12,957		115		75		58		53		21,745		88		33		82		25
Total derivatives	$	46,952	$	846	$	468	$	308	$	183	$	54,693	$	674	$	306	$	223	$	182

Schedule of information related to the potential effect of entity's master netting agreements and collateral security agreements

	As of July 31, 2015
	In the Consolidated Condensed Balance Sheets
												(vi) = (iii)–(iv)–(v)
	(i)		(ii)		(iii) = (i)–(ii)		(iv)		(v)
							Gross Amounts Not Offset
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Derivatives		Financial Collateral			Net Amount
	In millions
Derivative assets	$	1,314	$	—	$	1,314	$	448	$	756	(1)	$	110
Derivative liabilities	$	491	$	—	$	491	$	448	$	43	(2)	$	—

	As of October 31, 2014
	In the Consolidated Condensed Balance Sheets
												(vi) = (iii)–(iv)–(v)
	(i)		(ii)		(iii) = (i)–(ii)		(iv)		(v)
							Gross Amounts Not Offset
	Gross Amount Recognized		Gross Amount Offset		Net Amount Presented		Derivatives		Financial Collateral			Net Amount
	In millions
Derivative assets	$	980	$	—	$	980	$	361	$	452	(1)	$	167
Derivative liabilities	$	405	$	—	$	405	$	361	$	29	(2)	$	15

(1)	Represents the cash collateral posted by counterparties as of the respective reporting date for HP's asset position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.
(2)	Represents the collateral posted by HP through re-use of counterparty cash collateral as of the respective reporting date for HP's liability position, net of derivative amounts that could be offset, as of, generally, two business days prior to the respective reporting date.

Schedule of pre-tax effect of derivative instruments and related hedged items in a fair value hedging relationship

	Gain (Loss) Recognized in Earnings on Derivative and Related Hedged Item
Derivative Instrument	Location	Three months ended July 31, 2015			Nine months ended July 31, 2015		Hedged Item	Location	Three months ended July 31, 2015		Nine months ended July 31, 2015
		In millions							In millions
Interest rate contracts	Interest and other, net	$	(26	)	$	35	Fixed-rate debt	Interest and other, net	$	26	$	(35	)

	Gain (Loss) Recognized in Earnings on Derivative and Related Hedged Item
Derivative Instrument	Location	Three months ended July 31, 2014			Nine months ended July 31, 2014			Hedged Item	Location	Three months ended July 31, 2014		Nine months ended July 31, 2014
		In millions								In millions
Interest rate contracts	Interest and other, net	$	(17	)	$	(63	)	Fixed-rate debt	Interest and other, net	$	17	$	63

Schedule of pre-tax effect of derivative instruments in cash flow and net investment hedging relationships

        The pre-tax effect of derivative instruments in cash flow and net investment hedging relationships for the three and nine months ended July 31, 2015 was as follows:

	Gain (Loss) Recognized in Other Comprehensive Income ("OCI") on Derivatives (Effective Portion)						Gain (Loss) Reclassified from Accumulated OCI Into Earnings (Effective Portion)
	Three months ended July 31, 2015			Nine months ended July 31, 2015			Location	Three months ended July 31, 2015			Nine months ended July 31, 2015
	In millions							In millions
Cash flow hedges:
Foreign currency contracts	$	326		$	979		Net revenue	$	177		$	1,044
Foreign currency contracts		(67	)		(207	)	Cost of products		(44	)		(113	)
Foreign currency contracts		1			(1	)	Other operating expenses		—			(7	)
Foreign currency contracts		32			134		Interest and other, net		26			125
Total cash flow hedges	$	292		$	905			$	159		$	1,049
Net investment hedges:
Foreign currency contracts	$	85		$	208		Interest and other, net	$	—		$	—

        The pre-tax effect of derivative instruments in cash flow and net investment hedging relationships for the three and nine months ended July 31, 2014 was as follows:

	Gain (Loss) Recognized in Other Comprehensive Income ("OCI") on Derivatives (Effective Portion)						Gain (Loss) Reclassified from Accumulated OCI Into Earnings (Effective Portion)
	Three months ended July 31, 2014			Nine months ended July 31, 2014			Location	Three months ended July 31, 2014			Nine months ended July 31, 2014
	In millions							In millions
Cash flow hedges:
Foreign currency contracts	$	155		$	19		Net revenue	$	(103	)	$	(229	)
Foreign currency contracts		(6	)		(84	)	Cost of products		(12	)		(56	)
Foreign currency contracts		3			14		Other operating expenses		—			(7	)
Foreign currency contracts		(18	)		(54	)	Interest and other, net		(10	)		(43	)
Total cash flow hedges	$	134		$	(105	)		$	(125	)	$	(335	)
Net investment hedges:
Foreign currency contracts	$	(7	)	$	(8	)	Interest and other, net	$	—		$	—

Schedule of pre-tax effect of derivative instruments not designated as hedging instruments on the Consolidated Statements of Earnings

	Gain (Loss) Recognized in Earnings on Derivatives
	Location	Three months ended July 31, 2015		Nine months ended July 31, 2015
		In millions
Foreign currency contracts	Interest and other, net	$	127	$	263
Other derivatives	Interest and other, net		—		(5	)
Total		$	127	$	258

	Gain (Loss) Recognized in Earnings on Derivatives
	Location	Three months ended July 31, 2014			Nine months ended July 31, 2014
		In millions
Foreign currency contracts	Interest and other, net	$	11		$	51
Other derivatives	Interest and other, net		(5	)		(13	)
Total		$	6		$	38