Taxes on Earnings |
6 Months Ended |
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Apr. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Taxes on Earnings | Taxes on Earnings Provision for Taxes HP’s effective tax rate was 8.7% and 19.8% for the three months ended April 30, 2026 and 2025, respectively, and 14.5% and 19.8% for the six months ended April 30, 2026 and 2025, respectively. The difference between the U.S. federal statutory tax rate of 21% and HP’s effective tax rate for the three and six months ended April 30, 2026 was primarily due to audit settlements in various jurisdictions. Uncertain Tax Positions As of April 30, 2026, the amount of gross unrecognized tax benefits was $822 million, of which up to $650 million would affect HP’s effective tax rate if realized. Total gross unrecognized tax benefits decreased by $43 million for the six months ended April 30, 2026. HP recognizes interest income from favorable settlements and interest expense and penalties accrued on unrecognized tax benefits in the provision for taxes in the Condensed Consolidated Statements of Earnings. As of April 30, 2026 and 2025, HP had accrued $75 million and $157 million, respectively, for interest and penalties. HP is subject to income tax in the United States and approximately 60 other countries and is subject to routine corporate income tax audits in many of these jurisdictions. In addition, HP is subject to numerous ongoing audits by federal, state and foreign tax authorities. The Internal Revenue Service (“IRS”) is conducting an audit of HP’s 2018 and 2019 income tax returns.
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