Taxes on Earnings |
9 Months Ended |
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Jul. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Taxes on Earnings | Taxes on Earnings Provision for Taxes HP’s effective tax rate was 17.2% and (22.3)% for the three months ended July 31, 2026 and 2025, respectively, and 15.6% and 5.5% for the nine months ended July 31, 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 months ended July 31, 2026 was primarily due to decreases in unrecognized tax benefits. For the nine months ended July 31, 2026, the difference was primarily due to decreases in unrecognized tax benefits and audit settlements in various jurisdictions. Uncertain Tax Positions As of July 31, 2026, the amount of gross unrecognized tax benefits was $752 million, of which up to $615 million would affect HP’s effective tax rate if realized. Total gross unrecognized tax benefits decreased by $113 million for the nine months ended July 31, 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 July 31, 2026 and October 31, 2025, HP had accrued $71 million and $122 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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