Stockholders' Equity

12 Months Ended

Oct. 31, 2015

Stockholders' Equity

Stockholders' Equity

Note 14: Stockholders' Equity

Dividends

        The stockholders of HP common stock are entitled to receive dividends when and as declared by HP's Board of Directors. Dividends declared were $0.67 per common share in fiscal 2015, $0.61 per common share in fiscal 2014 and $0.55 per common share in fiscal 2013.

Share Repurchase Program

        HP's share repurchase program authorizes both open market and private repurchase transactions. In fiscal 2015, HP executed share repurchases of 75 million shares which included 0.5 million shares settled in November, 2015. In fiscal 2015, HP settled total shares for $2.9 billion. In fiscal 2014, HP executed share repurchases of 92 million shares and settled total shares for $2.7 billion. In fiscal 2013, HP executed share repurchases of 77 million shares and settled total shares for $1.5 billion.

        The shares repurchased in fiscal 2015, 2014 and 2013 were all open market repurchase transactions. As of October 31, 2015, HP had remaining authorization of $2.0 billion for future share repurchases under the $10.0 billion repurchase authorization approved by HP's Board of Directors on July 21, 2011.

Taxes related to Other Comprehensive (Loss) Income

	For the fiscal years ended October 31
	2015			2014			2013
	In millions
Tax benefit (provision) on change in unrealized (losses) gains on available-for-sale securities:
Tax benefit (provision) on unrealized (losses) gains arising during the period	$	2		$	(1	)	$	(14	)
		2			(1	)		(14	)
Tax benefit (provision) on change in unrealized (losses) gains on cash flow hedges:
Tax (provision) benefit on unrealized gains (losses) arising during the period		(294	)		(174	)		97
Tax provision (benefit) on (gains) losses reclassified into earnings		368			(18	)		(49	)
		74			(192	)		48
Tax benefit (provision) on change in unrealized components of defined benefit plans:
Tax benefit (provision) on (losses) gains arising during the period		5			181			(258	)
Tax benefit on amortization of actuarial loss and prior service benefit		(18	)		(18	)		(35	)
Tax benefit (provision) on curtailments, settlements and other		24			(9	)		(5	)
		11			154			(298	)
Tax (provision) benefit on change in cumulative translation adjustment		(73	)		(27	)		25
Tax benefit (provision) on other comprehensive (loss) income	$	14		$	(66	)	$	(239	)

Changes and reclassifications related to Other Comprehensive (Loss) Income, net of taxes

	For the fiscal years ended October 31
	2015			2014			2013
	In millions
Other comprehensive (loss) income, net of taxes:
Change in unrealized (losses) gains on available-for-sale securities:
Unrealized (losses) gains arising during the period	$	(15	)	$	6		$	38
Gains reclassified into earnings		—			(1	)		(49	)
		(15	)		5			(11	)
Change in unrealized (losses) gains on cash flow hedges:
Unrealized gains (losses) arising during the period		797			163			(146	)
(Gains) losses reclassified into earnings(1)		(944	)		133			57
		(147	)		296			(89	)
Change in unrealized components of defined benefit plans:
(Losses) gains arising during the period		(543	)		(2,575	)		1,695
Amortization of actuarial loss and prior service benefit(2)		425			241			291
Curtailments, settlements and other		139			42			20
		21			(2,292	)		2,006
Change in cumulative translation adjustment		(280	)		(112	)		(125	)
Other comprehensive (loss) income, net of taxes	$	(421	)	$	(2,103	)	$	1,781

(1) Reclassification of pre-tax (gains) losses on cash flow hedges into the Consolidated Statements of Earnings was as follows:

	2015			2014		2013
	In millions
Net revenue	$	(1,271	)	$	21	$	(48	)
Cost of products		150			71		165
Other operating expenses		7			9		(1	)
Interest and other, net		(198	)		50		(10	)
	$	(1,312	)	$	151	$	106

(2) These components are included in the computation of net pension and post-retirement benefit (credit) cost in Note 4.

        The components of accumulated other comprehensive loss, net of taxes as of October 31, 2015 and changes during fiscal year 2015 were as follows:

	Net unrealized gain on available-for-sale securities			Net unrealized gain (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	$	81		$	108		$	(5,376	)	$	(694	)	$	(5,881	)
Other comprehensive (loss) income before reclassifications		(15	)		797			(404	)		(280	)		98
Reclassifications of (gains) losses into earnings		—			(944	)		425			—			(519	)
Balance at end of period	$	66		$	(39	)	$	(5,355	)	$	(974	)	$	(6,302	)