v3.26.1
Borrowings
 9 Months Ended
Jul. 31, 2026
Debt Disclosure [Abstract]  
Borrowings Borrowings
Notes Payable and Short-Term Borrowings
As of July 31, 2026As of October 31, 2025
Amount
Outstanding		Weighted-Average
Interest Rate		Amount
Outstanding		Weighted-Average
Interest Rate
In millions
Current portion of long-term debt$1,292 4.1 %$788 3.2 %
Notes payable to banks and other— — %57 — %
Total notes payable and short-term borrowings
$1,292 $845 

Long-Term Debt
As of
July 31, 2026October 31, 2025
In millions
U.S. Dollar Global Notes(1)
Maturity DateIssue PriceStated Interest Rate
$1,000 issued June 2021
June 202699.808 %1.45 %$— $522 
$1,000 issued June 2020
June 202799.718 %3.00 %1,000 999 
$900 issued June 2022
January 202899.841 %4.75 %900 899 
$1,000 issued March 2022
April 202999.767 %4.00 %999 999 
$500 issued April 2025
April 203099.732 %5.40 %499 499 
$850 issued June 2020
June 203099.790 %3.40 %503 503 
$1,000 issued June 2021
June 203199.573 %2.65 %998 998 
$1,000 issued March 2022
April 203299.966 %4.20 %676 676 
$1,100 issued June 2022
January 203399.725 %5.50 %1,098 1,098 
$500 issued April 2025
April 203599.778 %6.10 %499 499 
$1,200 issued September 2011
September 204199.863 %6.00 %1,199 1,199 
8,371 8,891 
Other borrowings at 1.47%-8.36%, due in fiscal years 2026-2036
826 765 
Fair value adjustment related to hedged debt— (1)
Unamortized debt issuance cost(37)(46)
Current portion of long-term debt(1,292)(788)
Total long-term debt$7,868 $8,821 
(1)HP may redeem some or all of the fixed-rate U.S. Dollar Global Notes at any time in accordance with the terms thereof. The U.S. Dollar Global Notes are senior unsecured debt.
As disclosed in Note 7, “Financial Instruments,” HP uses interest rate swaps to mitigate some of the exposure of its debt portfolio to changes in fair value resulting from changes in benchmark interest rates. Interest rates shown in the table of long-term debt have not been adjusted to reflect the impact of any interest rate swaps.
Commercial Paper
As of July 31, 2026, HP maintained a U.S. commercial paper program for the issuance of U.S. dollar-denominated commercial paper. The principal amount outstanding under this program and certain short-term borrowings at any time cannot exceed a $6.0 billion authorization by HP’s Board of Directors. As of July 31, 2026 and October 31, 2025, no commercial paper was outstanding under the program.
Credit Facility
As of July 31, 2026, HP maintained a $5.0 billion 5-year sustainability-linked senior unsecured committed revolving credit facility, which HP entered into on August 1, 2024. Commitments under the revolving credit facility will be available until August 1, 2029. Commitment fees, interest rates and other terms of borrowing under the revolving credit facility vary based on HP’s external credit ratings and certain sustainability metrics. Funds borrowed under the revolving credit facility may be used for general corporate purposes.
As of July 31, 2026, there were no borrowings outstanding under the revolving credit facility. The revolving credit facility also acts as a backstop to provide liquidity support for our commercial paper program. As of July 31, 2026, HP was in compliance with the covenants in the credit agreement governing the revolving credit facility.
Available Borrowing Resources
As of July 31, 2026, HP had available borrowing resources of $0.9 billion from uncommitted lines of credit in addition to funds available under the revolving credit facility.