Restructuring

3 Months Ended

Jan. 31, 2016

Restructuring

Restructuring

Note 4: Restructuring

Fiscal 2015 Plan

        In connection with the Separation, on September 14, 2015, HP's Board of Directors approved a cost saving plan which includes labor and non-labor actions which will be implemented through fiscal 2016. HP estimates that it will incur aggregate pre-tax charges of approximately $300 million which relate to workforce reductions, real estate consolidation and other non-labor charges. HP expects approximately 3,000 employees will exit by the end of fiscal 2016.

        The following table summarizes the cost improvement activities in the three months ended January 31, 2016.

													As of January 31, 2016
			Three months ended January 31, 2016
	Accrued Balance, October 31, 2015										Accrued Balance, January 31, 2016		Total Costs Incurred to Date		Total Expected Costs to Be Incurred
			Charges		Cash Payments			Other Non-Cash Adjustments
	In millions
Fiscal 2015 Plan
Severance	$	39	$	15	$	(12	)	$	—		$	42	$	54	$	240
Infrastructure and other		—		5		—			(4	)		1		5		60
Total	$	39		20	$	(12	)	$	(4	)	$	43	$	59	$	300

Fiscal 2012 Plan

        The restructuring plan initiated by HP in fiscal 2012 is considered completed. Accrued expenses related to the plan, which were recorded in "Accrued restructuring" and "Other liabilities," totaled $4 million as of January 31, 2016. The severance and infrastructure cash payments associated with this plan are expected to be paid through fiscal 2021.