Stockholders' Equity

3 Months Ended

Jan. 31, 2016

Stockholders' Equity

Stockholders' Equity

Note 12: Stockholders' Equity

Share Repurchase Program

        HP's share repurchase program authorizes both open market and private repurchase transactions. During the three months ended January 31, 2016, HP executed share repurchases of 68 million shares which included 1.6 million shares settled in February 2016. During the three months ended January 31, 2016, HP settled total shares for $0.8 billion. During the three months ended January 31, 2015, HP executed share repurchases of 36 million shares and settled total shares for $1.6 billion.

        The shares repurchased in the three months ended January 31, 2016 and 2015 were all open market repurchase transactions. As of January 31, 2016, HP had remaining authorization of $1.2 billion for future share repurchases under the $10.0 billion repurchase authorization approved by HP's Board of Directors on July 21, 2011.

Change in HP Stockholders' equity (deficit)

        The following table presents the changes in Total stockholders' equity (deficit) during the three months period ended January 31, 2016:

	In millions
Balance as of October 31, 2015	$	28,151
Separation of Hewlett Packard Enterprise(1)		(32,572	)
Net earnings		592
Other comprehensive loss, net of taxes		99
Comprehensive income		691
Issuance of common stock in connection with employee stock plans and other		(3	)
Repurchases of common stock		(800	)
Cash dividends declared		(437	)
Stock-based compensation expense		61
Balance as of January 31, 2016	$	(4,909	)

(1) Amount represents the total of $37,270 million of retained earnings and $383 million of non-controlling interest, reduced by $5,081 million of accumulated other comprehensive loss.

Taxes related to Other Comprehensive Income

	Three months ended January 31
	2016			2015
	In millions
Taxes on change in unrealized gains on available-for-sale securities:
Tax provision on unrealized gains arising during the period	$	—		$	(15	)
		—			(15	)
Taxes on change in unrealized gains on cash flow hedges:
Tax benefit (provision) on unrealized (loss) gains arising during the period		11			(201	)
Tax provision on gains reclassified into earnings		8			98
		19			(103	)
Taxes on change in unrealized components of defined benefit plans:
Tax benefit on amortization of actuarial loss and prior service benefit		(3	)		(14	)
		(3	)		(14	)
Tax provision on change in cumulative translation adjustment		—			(47	)
Tax benefit (provision) on other comprehensive income	$	16		$	(179	)

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

	Three months ended January 31
	2016			2015
	In millions
Other comprehensive income, net of taxes:
Change in unrealized gains on available-for-sale securities:
Unrealized gains arising during the period	$	—		$	31
		—			31
Change in unrealized gains on cash flow hedges:
Unrealized gains arising during the period		116			430
Gains reclassified into earnings(1)		(26	)		(236	)
		90			194
Change in unrealized components of defined benefit plans:
Amortization of actuarial loss and prior service benefit(2)		9			98
Curtailments, settlements and other		—			(2	)
		9			96
Change in cumulative translation adjustment		—			(115	)
Other comprehensive income, net of taxes	$	99		$	206

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

			Three months ended January 31
			2016			2015
			In millions
	Net revenue		$	(78	)	$	(334	)
	Cost of products			40			26
	Other operating expenses			—			4
	Interest and other, net			4			(30	)
			$	(34	)	$	(334	)
(2)		These components are included in the computation of net pension and post-retirement benefit (credit) cost in Note 5, "Retirement and Post-Retirement Benefit Plans".

        The components of accumulated other comprehensive loss, net of taxes and changes were as follows:

	Net unrealized gains on available-for-sale securities			Net unrealized gains (losses) on cash flow hedges			Unrealized components of defined benefit plans			Cumulative translation adjustment			Accumulated other comprehensive loss
	In millions
Balance at beginning of period	$	66		$	(39	)	$	(5,355	)	$	(974	)	$	(6,302	)
Separation of Hewlett Packard Enterprise		(55	)		(68	)		4,230			974			5,081
Other comprehensive income before reclassifications		—			116			—			—			116
Reclassifications of (gains) losses into earnings		—			(26	)		9			—			(17	)
Balance at end of period	$	11		$	(17	)	$	(1,116	)	$	—		$	(1,122	)