$HPQ
HP INC

2021 Q1 Form 10-Q Financial Statement

#000004721721000012 Filed on March 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $15.65B $14.62B
YoY Change 7.03% -0.63%
Cost Of Revenue $12.32B $11.75B
YoY Change 4.9% -2.91%
Gross Profit $3.324B $2.872B
YoY Change 15.74% 9.95%
Gross Profit Margin 21.25% 19.65%
Selling, General & Admin $1.376B $1.290B
YoY Change 6.67% 3.37%
% of Gross Profit 41.4% 44.92%
Research & Development $471.0M $400.0M
YoY Change 17.75% 16.28%
% of Gross Profit 14.17% 13.93%
Depreciation & Amortization $203.0M $198.0M
YoY Change 2.53% 17.86%
% of Gross Profit 6.11% 6.89%
Operating Expenses $1.847B $1.690B
YoY Change 9.29% 6.16%
Operating Profit $1.321B $865.0M
YoY Change 52.72% -6.59%
Interest Expense -$63.00M -$61.00M
YoY Change 3.28% -32.22%
% of Operating Profit -4.77% -7.05%
Other Income/Expense, Net -$25.00M $13.00M
YoY Change -292.31% -150.0%
Pretax Income $1.296B $878.0M
YoY Change 47.61% -2.44%
Income Tax $228.0M $200.0M
% Of Pretax Income 17.59% 22.78%
Net Earnings $1.068B $678.0M
YoY Change 57.52% -15.57%
Net Earnings / Revenue 6.83% 4.64%
Basic Earnings Per Share $0.83 $0.47
Diluted Earnings Per Share $0.83 $0.46
COMMON SHARES
Basic Shares Outstanding 1.285B shares 1.454B shares
Diluted Shares Outstanding 1.293B shares 1.460B shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.160B $4.493B
YoY Change -7.41% 18.49%
Cash & Equivalents $4.160B $4.205B
Short-Term Investments $0.00 $288.0M
Other Short-Term Assets $4.337B $3.469B
YoY Change 25.02% -27.83%
Inventory $6.668B $4.946B
Prepaid Expenses
Receivables $5.273B $4.857B
Other Receivables $3.173B $2.159B
Total Short-Term Assets $20.44B $17.48B
YoY Change 16.94% -7.7%
LONG-TERM ASSETS
Property, Plant & Equipment $2.546B $2.756B
YoY Change -7.62% 19.2%
Goodwill $6.404B $6.387B
YoY Change 0.27% 0.69%
Intangibles
YoY Change
Long-Term Investments $60.00M
YoY Change 22.45%
Other Assets $5.349B $5.036B
YoY Change 6.22% 2.8%
Total Long-Term Assets $14.30B $14.18B
YoY Change 0.85% 4.61%
TOTAL ASSETS
Total Short-Term Assets $20.44B $17.48B
Total Long-Term Assets $14.30B $14.18B
Total Assets $34.74B $31.66B
YoY Change 9.73% -2.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.96B $12.81B
YoY Change 16.8% -12.11%
Accrued Expenses $10.13B $8.622B
YoY Change 17.52% 11.93%
Deferred Revenue $1.292B $1.148B
YoY Change 12.54% -2.71%
Short-Term Debt $33.00M $45.00M
YoY Change -26.67% 18.42%
Long-Term Debt Due $1.205B $878.0M
YoY Change 37.24% 239.0%
Total Short-Term Liabilities $27.88B $23.87B
YoY Change 16.81% -1.37%
LONG-TERM LIABILITIES
Long-Term Debt $4.939B $3.932B
YoY Change 25.61% -16.45%
Other Long-Term Liabilities $5.153B $5.491B
YoY Change -6.16% 1.27%
Total Long-Term Liabilities $10.09B $9.423B
YoY Change 7.1% 73.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.88B $23.87B
Total Long-Term Liabilities $10.09B $9.423B
Total Liabilities $37.97B $33.29B
YoY Change 14.06% 12.39%
SHAREHOLDERS EQUITY
Retained Earnings -$2.759B -$1.306B
YoY Change 111.26% -8.74%
Common Stock $984.0M $866.0M
YoY Change 13.63% 30.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.235B -$1.634B
YoY Change
Total Liabilities & Shareholders Equity $34.74B $31.66B
YoY Change 9.73% -2.57%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $1.068B $678.0M
YoY Change 57.52% -15.57%
Depreciation, Depletion And Amortization $203.0M $198.0M
YoY Change 2.53% 17.86%
Cash From Operating Activities $1.022B $1.285B
YoY Change -20.47% 49.07%
INVESTING ACTIVITIES
Capital Expenditures -$131.0M -$198.0M
YoY Change -33.84% 4.76%
Acquisitions $0.00 $0.00
YoY Change -100.0%
Other Investing Activities $128.0M -$300.0M
YoY Change -142.67% 132.56%
Cash From Investing Activities -$3.000M -$498.0M
YoY Change -99.4% 56.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.400B $700.0M
YoY Change 100.0% 0.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.723B -$1.119B
YoY Change 53.98% -52.24%
NET CHANGE
Cash From Operating Activities $1.022B $1.285B
Cash From Investing Activities -$3.000M -$498.0M
Cash From Financing Activities -$1.723B -$1.119B
Net Change In Cash -$704.0M -$332.0M
YoY Change 112.05% -81.55%
FREE CASH FLOW
Cash From Operating Activities $1.022B $1.285B
Capital Expenditures -$131.0M -$198.0M
Free Cash Flow $1.153B $1.483B
YoY Change -22.25% 41.1%

Facts In Submission

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NetCashProvidedByUsedInOperatingActivities
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NetCashProvidedByUsedInOperatingActivities
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CY2021Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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CY2020Q1 us-gaap Payments To Acquire Productive Assets
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CY2020Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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ProceedsFromSaleMaturityAndCollectionsOfInvestments
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CY2020Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
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CY2021Q1 hpq Collateral Postedfor Derivatives
CollateralPostedforDerivatives
145000000 USD
CY2020Q1 hpq Collateral Postedfor Derivatives
CollateralPostedforDerivatives
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CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021Q1 us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
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CY2020Q1 us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
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CY2021Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
20000000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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CY2021Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
68000000 USD
CY2020Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
67000000 USD
CY2021Q1 hpq Net Payments Proceeds Related To Stock Based Award Activities
NetPaymentsProceedsRelatedToStockBasedAwardActivities
53000000 USD
CY2020Q1 hpq Net Payments Proceeds Related To Stock Based Award Activities
NetPaymentsProceedsRelatedToStockBasedAwardActivities
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CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2021Q1 us-gaap Payments Of Dividends Common Stock
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250000000 USD
CY2020Q1 us-gaap Payments Of Dividends Common Stock
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CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4160000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4205000000 USD
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q1 us-gaap Net Income Loss
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CY2020Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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695000000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2020Q1 us-gaap Stock Repurchased And Retired During Period Value
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703000000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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0.35
CY2020Q1 us-gaap Dividends Common Stock Cash
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CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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109000000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
838000000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2021Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.39
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
497000000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
115000000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q1 us-gaap Use Of Estimates
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<div style="margin-bottom:3pt;margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in HP’s Consolidated Condensed Financial Statements and accompanying notes. Actual results may differ materially from those estimates. As of January 31, 2021, the extent to which the COVID-19 pandemic will impact our business going forward depends on numerous dynamic factors which we cannot reliably predict. As a result, many of our estimates and assumptions required increased judgment and may carry a higher degree of variability and volatility. As the events continue to evolve with respect to the pandemic, our estimates may materially change in future periods.</span></div>
CY2021Q1 us-gaap Number Of Reportable Segments
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CY2020Q1 us-gaap Revenues
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1296000000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2020Q4 us-gaap Restructuring Reserve
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CY2020Q1 us-gaap Restructuring Reserve
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CY2021Q1 us-gaap Restructuring Reserve
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CY2021Q1 us-gaap Restructuring And Related Cost Cost Incurred To Date1
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CY2019Q4 us-gaap Restructuring Reserve
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CY2021Q1 hpq Income Tax Examination Likelihood Of No Resolution Period
IncomeTaxExaminationLikelihoodOfNoResolutionPeriod
P12M
CY2020Q1 us-gaap Other Restructuring Costs
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34000000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
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0.175
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.228
CY2020Q1 hpq Income Tax Reconciliation Other Discrete Items Tax Charges Credits
IncomeTaxReconciliationOtherDiscreteItemsTaxChargesCredits
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CY2020Q1 hpq Income Tax Reconciliation Restructuring Charges
IncomeTaxReconciliationRestructuringCharges
48000000 USD
CY2020Q1 us-gaap Income Tax Reconciliation Other Adjustments
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CY2020Q1 hpq Income Tax Reconciliation Past Uncertain Tax Positions
IncomeTaxReconciliationPastUncertainTaxPositions
48000000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits
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CY2021Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2021Q1 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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CY2021Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
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CY2020Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
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CY2021Q1 hpq Trade Receivables Sold
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CY2021Q1 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
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CY2021Q1 hpq Other Countries With Income Tax Jurisdiction Number
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021Q1 hpq Allowance For Doubtful Accounts Receivable Deductions Net Of Recoveries
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CY2020Q4 hpq Receivables Sold But Not Collected From Third Party
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188000000 USD
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ReceivablesSoldButNotCollectedFromThirdParty
235000000 USD
CY2020Q1 hpq Trade Receivables Sold
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CY2021Q1 hpq Cash Receipts
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CY2020Q1 hpq Cash Receipts
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CY2021Q1 hpq Fx And Other
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CY2020Q1 hpq Fx And Other
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CY2021Q1 hpq Receivables Sold But Not Collected From Third Party
ReceivablesSoldButNotCollectedFromThirdParty
207000000 USD
CY2020Q1 hpq Receivables Sold But Not Collected From Third Party
ReceivablesSoldButNotCollectedFromThirdParty
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CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
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CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
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2800000000 USD
CY2020Q4 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
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CY2021Q1 us-gaap Inventory Net
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CY2020Q4 us-gaap Inventory Net
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CY2020Q4 us-gaap Other Assets Current
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CY2021Q1 us-gaap Property Plant And Equipment Net
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CY2020Q4 us-gaap Property Plant And Equipment Net
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CY2021Q1 hpq Deposits And Prepaid Expenses Noncurrent
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CY2020Q4 hpq Taxes Payable Other Than Income Current
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CY2020Q4 us-gaap Employee Related Liabilities Current
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1194000000 USD
CY2021Q1 us-gaap Product Warranty Accrual Classified Current
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749000000 USD
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
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746000000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
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CY2020Q4 us-gaap Operating Lease Liability Current
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275000000 USD
CY2021Q1 us-gaap Taxes Payable Current
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257000000 USD
CY2020Q4 us-gaap Taxes Payable Current
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223000000 USD
CY2021Q1 us-gaap Other Accrued Liabilities Current
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CY2021Q1 us-gaap Other Liabilities Current
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CY2020Q4 us-gaap Other Liabilities Current
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CY2021Q1 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
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1517000000 USD
CY2020Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
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1576000000 USD
CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
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CY2021Q1 hpq Taxes Payable Noncurrent
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CY2021Q1 us-gaap Deferred Tax Liabilities
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CY2020Q4 us-gaap Deferred Tax Liabilities
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CY2021Q1 us-gaap Other Sundry Liabilities Noncurrent
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893000000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Noncurrent
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CY2021Q1 us-gaap Other Liabilities Noncurrent
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5153000000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
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5146000000 USD
CY2021Q1 us-gaap Interest Expense Debt
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63000000 USD
CY2020Q1 us-gaap Interest Expense Debt
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CY2021Q1 us-gaap Other Nonoperating Income Expense
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CY2020Q1 us-gaap Other Nonoperating Income Expense
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CY2021Q1 us-gaap Nonoperating Income Expense
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CY2020Q1 us-gaap Nonoperating Income Expense
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CY2020Q4 us-gaap Debt And Capital Lease Obligations
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CY2021Q1 us-gaap Revenues
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CY2020Q1 us-gaap Revenues
Revenues
14618000000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
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CY2021Q1 us-gaap Revenue Remaining Performance Obligation
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1800000000 USD
CY2021Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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P12M
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
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2200000000 USD
CY2021Q1 us-gaap Contract With Customer Liability
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2300000000 USD
CY2020Q4 us-gaap Contract With Customer Liability
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2200000000 USD
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400000000 USD
CY2021Q1 us-gaap Debt Instrument Fair Value
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6800000000 USD
CY2021Q1 us-gaap Debt And Capital Lease Obligations
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6200000000 USD
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6700000000 USD
CY2021Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
3172000000 USD
CY2021Q1 hpq Cash And Cash Equivalents Gross Unrealized Gains
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CY2021Q1 hpq Cash And Cash Equivalents Gross Unrealized Losses
CashAndCashEquivalentsGrossUnrealizedLosses
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CY2021Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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3172000000 USD
CY2020Q4 us-gaap Cash Equivalents At Carrying Value
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3932000000 USD
CY2020Q4 hpq Cash And Cash Equivalents Gross Unrealized Gains
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CY2020Q4 hpq Cash And Cash Equivalents Gross Unrealized Losses
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CY2020Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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44000000 USD
CY2021Q1 hpq Debt Securities Available For Sale And Equity Securities Fvni Accumulated Gross Unrealized Gain Before Tax
DebtSecuritiesAvailableForSaleAndEquitySecuritiesFVNIAccumulatedGrossUnrealizedGainBeforeTax
20000000 USD
CY2021Q1 hpq Debt Securities Available For Sale And Equity Securities Fvni Accumulated Gross Unrealized Loss Before Tax
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CY2021Q1 hpq Debt Securities Available For Sale And Equity Securities Fvni
DebtSecuritiesAvailableForSaleAndEquitySecuritiesFVNI
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CY2020Q4 hpq Debt Securities Available For Sale And Equity Securities Fvni Amortized Cost
DebtSecuritiesAvailableForSaleAndEquitySecuritiesFVNIAmortizedCost
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CY2020Q4 hpq Debt Securities Available For Sale And Equity Securities Fvni Accumulated Gross Unrealized Gain Before Tax
DebtSecuritiesAvailableForSaleAndEquitySecuritiesFVNIAccumulatedGrossUnrealizedGainBeforeTax
16000000 USD
CY2020Q4 hpq Debt Securities Available For Sale And Equity Securities Fvni Accumulated Gross Unrealized Loss Before Tax
DebtSecuritiesAvailableForSaleAndEquitySecuritiesFVNIAccumulatedGrossUnrealizedLossBeforeTax
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CY2020Q4 us-gaap Derivative Notional Amount
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21997000000 USD
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DebtSecuritiesAvailableForSaleAndEquitySecuritiesFVNI
332000000 USD
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3216000000 USD
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20000000 USD
CY2021Q1 hpq Cash Equivalentsand Available For Sale Securities Accumulated Gross Unrealized Lossbefore Tax
CashEquivalentsandAvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossbeforeTax
0 USD
CY2021Q1 hpq Cash Equivalentsand Available For Sale Securities Fair Value
CashEquivalentsandAvailableForSaleSecuritiesFairValue
3236000000 USD
CY2020Q4 hpq Cash Equivalentsand Available For Sale Securities Amortized Cost Basis
CashEquivalentsandAvailableForSaleSecuritiesAmortizedCostBasis
4248000000 USD
CY2020Q4 hpq Cash Equivalentsand Available For Sale Securities Amortized Cost Basis
CashEquivalentsandAvailableForSaleSecuritiesAmortizedCostBasis
4248000000 USD
CY2020Q4 hpq Cash Equivalentsand Available For Sale Securities Accumulated Gross Unrealized Gainbefore Tax
CashEquivalentsandAvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainbeforeTax
16000000 USD
CY2020Q4 hpq Cash Equivalentsand Available For Sale Securities Accumulated Gross Unrealized Lossbefore Tax
CashEquivalentsandAvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossbeforeTax
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CY2020Q4 hpq Cash Equivalentsand Available For Sale Securities Fair Value
CashEquivalentsandAvailableForSaleSecuritiesFairValue
4264000000 USD
CY2021Q1 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
365000000 USD
CY2020Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
90000000 USD
CY2021Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
23159000000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
70000000 USD
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DerivativeAssetFairValueGrossLiability
0 USD
CY2021Q1 us-gaap Derivative Assets
DerivativeAssets
70000000 USD
CY2021Q1 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
62000000 USD
CY2021Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2021Q1 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
8000000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
441000000 USD
CY2021Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 USD
CY2021Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
441000000 USD
CY2021Q1 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
62000000 USD
CY2021Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
307000000 USD
CY2021Q1 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
72000000 USD
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195000000 USD
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0 USD
CY2020Q4 us-gaap Derivative Assets
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195000000 USD
CY2020Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
156000000 USD
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4000000 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
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35000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
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262000000 USD
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0 USD
CY2020Q4 us-gaap Derivative Liabilities
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262000000 USD
CY2020Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
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156000000 USD
CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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130000000 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
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-24000000 USD
CY2021Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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-253000000 USD
CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
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1205000000 USD
CY2021Q1 us-gaap Debt Weighted Average Interest Rate
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0.042
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
633000000 USD
CY2020Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.040
CY2021Q1 us-gaap Debt Current
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1238000000 USD
CY2020Q4 us-gaap Debt Current
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674000000 USD
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-1000000 USD
CY2020Q4 hpq Debt Instrument Change In Fair Value Of Hedged Debt
DebtInstrumentChangeInFairValueOfHedgedDebt
2000000 USD
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35000000 USD
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37000000 USD
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1205000000 USD
CY2020Q4 us-gaap Long Term Debt Current
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633000000 USD
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4939000000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
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5543000000 USD
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2 commercial_paper_program
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61000000 shares
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1400000000 USD
CY2020Q1 us-gaap Stock Repurchased And Retired During Period Shares
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34000000 shares
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
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700000000 USD
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1300000 shares
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11300000000 USD
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-32000000 USD
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OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
11000000 USD
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-230000000 USD
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17000000 USD
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-292000000 USD
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-61000000 USD
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1068000000 USD
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678000000 USD
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8000000 shares
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6000000 shares
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WeightedAverageNumberOfDilutedSharesOutstanding
1293000000 shares
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WeightedAverageNumberOfDilutedSharesOutstanding
1460000000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
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0.83
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EarningsPerShareBasic
0.47
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EarningsPerShareDiluted
0.83
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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4000000 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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9000000 shares
CY2021Q1 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="margin-bottom:3pt;margin-top:3pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Guarantees</span></div><div style="margin-bottom:3pt;margin-top:3pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the ordinary course of business, HP may issue performance guarantees to certain of its clients, customers and other parties pursuant to which HP has guaranteed the performance obligations of third parties. Some of those guarantees may be backed by standby letters of credit or surety bonds. In general, HP would be obligated to perform over the term of the guarantee in the event a specified triggering event occurs as defined by the guarantee. HP believes the likelihood of having to perform under a material guarantee is remote.</span></div><div style="margin-top:3pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Cross-Indemnifications with Hewlett Packard Enterprise</span></div><div style="margin-top:3pt;text-indent:20.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under the separation and distribution agreement, HP agreed to indemnify Hewlett Packard Enterprise, each of its subsidiaries and each of their respective directors, officers and employees from and against all liabilities relating to, arising out of or resulting from, among other matters, the liabilities allocated to HP as part of the Separation. Hewlett Packard Enterprise similarly agreed to indemnify HP, each of its subsidiaries and each of their respective directors, officers and employees from and against all liabilities relating to, arising out of or resulting from, among other matters, the liabilities allocated to Hewlett Packard Enterprise as part of the Separation. HP expects Hewlett Packard Enterprise to fully perform under the terms of the separation and distribution agreement.</span></div><div style="text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For information on cross-indemnifications with Hewlett Packard Enterprise for litigation matters, see Note 12, “Litigation and Contingencies.”</span></div><div style="margin-top:3pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Indemnifications</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">  </span></div><div style="margin-top:3pt;text-indent:20.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the ordinary course of business, HP enters into contractual arrangements under which HP may agree to indemnify a third-party to such arrangement from any losses incurred relating to the services they perform on behalf of HP or for losses arising from certain events as defined within the particular contract, which may include, for example, litigation or claims relating to past performance. HP also provides indemnifications to certain vendors and customers against claims of intellectual property infringement made by third parties arising from the vendors’ and customers’ use of HP’s software products and services and certain other matters. Some indemnifications may not be subject to maximum loss clauses. Historically, payments made related to these indemnifications have been immaterial.</span></div><div style="margin-top:3pt;text-indent:20.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">HP records tax indemnification receivables from various third parties for certain tax liabilities that HP is jointly and severally liable for, but for which it is indemnified by those same third parties under existing legal agreements. HP records a tax indemnification payable to various third parties under these agreements when management believes that it is both probable that a liability has been incurred and the amount can be reasonably estimated. The actual amount that the third parties pay or may be obligated to pay HP could vary depending on the outcome of certain unresolved tax matters, which may not be resolved for several years.</span></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Warranties</span></div><div style="margin-bottom:3pt;margin-top:3pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">HP accrues the estimated cost of product warranties at the time it recognizes revenue. HP engages in extensive product quality programs and processes, including actively monitoring and evaluating the quality of its component suppliers; however, contractual warranty terms, repair costs, product call rates, average cost per call, current period product shipments and ongoing product failure rates, as well as specific product class failures outside of HP’s baseline experience, affect the estimated warranty obligation.</span></div>
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
993000000 USD
CY2021Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
88000000 USD
CY2021Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
13000000 USD
CY2021Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
93000000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1001000000 USD
CY2021Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
4100000000 USD
CY2021Q1 us-gaap Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
954000000 USD
CY2021Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
1088000000 USD
CY2021Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
995000000 USD
CY2021Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
1029000000 USD
CY2021Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
30000000 USD
CY2021Q1 hpq Unrecorded Unconditional Purchase Obligation To Be Paid After Year Four
UnrecordedUnconditionalPurchaseObligationToBePaidAfterYearFour
6000000 USD
CY2021Q1 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
4102000000 USD

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