Financial Analysis

Borrowings Notes Payable and Short-Term Borrowings As of October 31 2025 2024 Amount Outstanding Weighted-Average Interest Rate Amount Outstanding Weighted-Average Interest Rate In millions Current portion of long-term debt $ 788 3.2 % $ 1,358 5.0 % Notes payable to banks and other 57 % 48 % Total notes payable and short-term borrowings $ 845 $ 1,406 Long-Term Debt As of October 31 2025 2024 In millions U.S. Dollar Global Notes (1) Maturity Date Issue Price Stated Interest Rate $1,150 issued June 2020 June 2025 99.769 % 2.20 % $ $ 1,150 $1,000 issued June 2021 June 2026 99.808 % 1.45 % 522 521 $1,000 issued June 2020 June 2027 99.718 % 3.00 % 999 999 $900 issued June 2022 January 2028 99.841 % 4.75 % 899 899 $1,000 issued March 2022 April 2029 99.767 % 4.00 % 999 999 $500 issued April 2025 April 2030 99.732 % 5.40 % 499 $850 issued June 2020 June 2030 99.790 % 3.40 % 503 503 $1,000 issued June 2021 June 2031 99.573 % 2.65 % 998 997 $1,000 issued March 2022 April 2032 99.966 % 4.20 % 676 676 $1,100 issued June 2022 January 2033 99.725 % 5.50 % 1,098 1,098 $500 issued April 2025 April 2035 99.778 % 6.10 % 499 $1,200 issued September 2011 September 2041 99.863 % 6.00 % 1,199 1,199 $500 issued August 2022 (2) March 2029 100.000 % 4.75 % 3 8,891 9,044 Other borrowings at 1.47%-7.07%, due in fiscal years 2026-2032 765 645 Fair value adjustment related to hedged debt (1) (21) Unamortized debt issuance cost (46) (47) Current portion of long-term debt (788) (1,358) Total long-term deb …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Stock-Based Compensation HPs stock-based compensation plans include incentive compensation plans and an employee stock purchase plan. Stock-Based Compensation Expense and Related Income Tax Benefits for Operations Stock-based compensation expense and the resulting tax benefits for operations were as follows: For the fiscal years ended October 31 2025 2024 2023 In millions Stock-based compensation expense $ 522 $ 452 $ 438 Income tax benefit (88) (77) (72) Stock-based compensation expense, net of tax $ 434 $ 375 $ 366 Cash received from option exercises under the HP Inc 2004 Stock Incentive Plan (the 2004 SIP) and the HP Inc. 2021 Employee Stock Purchase Plan (the 2021 ESPP) was $41 million, $72 million, and $51 million in fiscal year 2025, 2024, and 2023, respectively. The benefit realized for the tax deduction from option exercises in fiscal years 2025, 2024 and 2023 was $3 million, $1 million and $2 million, respectively. Stock-Based Incentive Compensation Plans HPs stock-based incentive compensation plan includes equity plan adopted in 2004, as amended and restated (principal equity plan). Stock-based awards granted under the equity plan includes restricted stock awards, stock options and performance-based awards. Employees meeting certain employment qualifications are eligible to receive stock-based awards. As of October 31, 2025, the aggregate number of shares of HPs stock authorized for issuance under the principal equity plan is 668.8 million. Restricted stock awards a …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Fair Value Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. Fair Value Hierarchy HP uses valuation techniques that are based upon observable and unobservable inputs. Observable inputs are developed using market data such as publicly available information and reflect the assumptions market participants would use, while unobservable inputs are developed using the best information available about the assumptions market participants would use. Assets and liabilities are classified in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement: Level 1Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and market-corroborated inputs. Level 3Unobservable inputs for the asset or liability. The fair value hierarchy gives the highest priority to observable inputs and lowest priority to unobservable inputs. The following table presents HPs assets and liabilities that are measured at fair value on a recurring basis: As of October 31, 2025 As of October 31, 2024 Fair Value Measured Using Fair Value Measured Using Level 1 …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and Intangible Assets Goodwill allocated to HPs reportable segments and changes in the carrying amount of goodwill were as follows: Personal Systems Printing Corporate Investments Total In millions Balance as of October 31, 2023 (1) $ 4,722 $ 3,751 $ 118 $ 8,591 Acquisitions 26 2 28 Foreign currency translation and other 8 8 Balance as of October 31, 2024 (1) 4,748 3,761 118 8,627 Acquisitions 79 79 Foreign currency translation and other (24) 24 Balance as of October 31, 2025 (1) $ 4,724 $ 3,785 $ 197 $ 8,706 (1) Goodwill is net of accumulated impairment losses of $0.8 billion related to Corporate Investments recorded in fiscal year 2011. Goodwill is tested for impairment at the reporting unit level. As of October 31, 2025, our reporting units are consistent with the reportable segments identified in Note 2, Segment Information. Personal Systems had a negative carrying amount of net assets as of October 31, 2025, 2024 and 2023 primarily as a result of a favorable cash conversion cycle. Intangible Assets HPs acquired intangible assets were composed of: As of October 31, 2025 As of October 31, 2024 Gross (1) Accumulated Amortization (1) Net Gross (1) Accumulated Amortization (1) Net In millions Customer contracts, customer lists and distribution agreements $ 726 $ 428 $ 298 $ 783 $ 372 $ 411 Technology and patents 1,625 1,004 621 1,666 884 782 Trade name and trademarks 219 126 93 218 92 126 Total intangible assets $ 2,570 $ 1,558 $ 1,012 $ 2,667 $ 1,348 $ 1,319 (1) Exc …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Taxes on Earnings Provision for Taxes The domestic and foreign components of earnings before taxes were as follows: For the fiscal years ended October 31 h 2025 2024 2023 In millions U.S. $ 107 $ 537 $ 650 Non-U.S. 2,561 2,742 2,287 $ 2,668 $ 3,279 $ 2,937 The provision for (benefit from) taxes on earnings was as follows: For the fiscal years ended October 31 2025 2024 2023 In millions U.S. federal taxes: Current $ (188) $ 245 $ 226 Deferred (121) 34 (549) Non-U.S. taxes: Current 328 357 337 Deferred 95 (193) (305) State taxes: Current (13) 33 42 Deferred 38 28 (77) $ 139 $ 504 $ (326) The differences between the U.S. federal statutory income tax rate and HPs effective tax rate were as follows: For the fiscal years ended October 31 2025 2024 2023 U.S. federal statutory income tax rate from continuing operations 21.0 % 21.0 % 21.0 % State income taxes, net of federal tax benefit 2.4 % 2.2 % 1.7 % Impact of foreign earnings including GILTI and FDII, net (2.9) % (1.0) % (1.1) % Research and development (R&D) credit (2.3) % (1.1) % (1.0) % Valuation allowances (2.5) % (7.1) % (7.3) % Uncertain tax positions and audit settlements (10.2) % 1.0 % 2.4 % Changes in tax laws or rates enacted 1.4 % 0.3 % (0.3) % Impact of internal reorganization % % (27.4) % Other, net (1.7) % 0.1 % 0.9 % 5.2 % 15.4 % (11.1) % In fiscal year 2025, HP recorded $415 million of net income tax benefits related to non-recurring items in the provision for taxes. This amount included $273 million related t …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Litigation and Contingencies HP is involved in lawsuits, claims, investigations and proceedings, including those identified below, consisting of IP, commercial, securities, employment, employee benefits and environmental matters that arise in the ordinary course of business. HP accrues a liability when management believes that it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated. HP believes it has recorded adequate provisions for any such matters and, as of October 31, 2025, it was not reasonably possible that a material loss had been incurred in excess of the amounts recognized in HPs financial statements. HP reviews these matters at least quarterly and adjusts its accruals to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case. Pursuant to the separation and distribution agreement entered into with Hewlett Packard Enterprise Company (Hewlett Packard Enterprise), HP shares responsibility with Hewlett Packard Enterprise for certain matters, as indicated below, and Hewlett Packard Enterprise has agreed to indemnify HP in whole or in part with respect to certain matters. Based on its experience, HP believes that any damage amounts claimed in the specific matters discussed below are not a meaningful indicator of HPs potential liability. Litigation is inherently unpredictable. However, HP believes it has valid defenses with respect …

LegalMattersAndContingenciesTextBlock · excerpt; the full note is in the filing

Leases As a lessee, HP determines, at lease inception, whether or not an arrangement contains a lease. A significant portion of the operating lease portfolio includes real estate leases. Additionally, HP has identified embedded operating leases within certain outsourced supply chain contracts. Leasing arrangements have a remaining lease term ranging from 1 to approximately 15 years with varying renewal and termination options. Substantially all of HPs leases are considered operating leases. Finance leases, short-term leases and sub-lease income were not material as of October 31, 2025 and 2024 or for fiscal years ended October 31, 2025 and 2024, respectively. Lease terms include options to extend or terminate the lease when it is reasonably certain that HP will exercise such options. HP generally considers the economic life of the ROU assets to be comparable to the useful life of similar owned assets. HPs leases generally do not provide a residual guarantee. Operating leases are included in Other non-current assets , Other current liabilities and Other non-current liabilities . Finance leases are included in Property, plant and equipment, net, Notes payable and short-term borrowings and Long-term debt in the Consolidated Balance Sheets. As most of the leases do not provide an implicit interest rate, HP uses the incremental borrowing rate based on the information available at the commencement date of a lease in determining the present value of lease payments. The incremental b …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Recently Adopted Accounting Pronouncements In September 2022, the Financial Accounting Standards Board (FASB) issued guidance that enhances the transparency about the use of supplier finance programs. Under the new guidance, companies that use a supplier finance program in connection with the purchase of goods or services are required to disclose information about those programs to allow users of financial statements to understand the nature, activity during the period, changes from period to period, and potential magnitude. HP adopted this guidance in the first quarter of fiscal year 2024, except for the disclosure on roll forward information which was adopted for its annual period ending October 31, 2025, in line with the effective adoption dates prescribed by the FASB. See Note 7, Supplementary Financial Information, for additional disclosure related to HPs supplier finance programs. In November 2023, the FASB issued guidance that updates reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance on an annual and interim basis. HP adopted this guidance for its annual period ending October 31, 2025. While the adoption of this standard did not have a material impact on the Companys Consolidated Financial Statements, the new guidance resulted in increased disclosures on reportable segments in Note 2 of the Notes to the Consolidated Financial Statements. Recently Issued …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Retirement and Post-Retirement Benefit Plans Defined Benefit Plans HP sponsors a number of defined benefit pension plans worldwide. The most significant defined benefit plan, the HP Inc. Pension Plan (Pension Plan) is a frozen plan in the United States. HP reduces the benefit payable to certain U.S. employees under the Pension Plan for service before 1993, if any, by any amounts due to the employee under HPs frozen defined contribution Deferred Profit-Sharing Plan (DPSP). As of October 31, 2025 and 2024, the fair value of HPs DPSP plan assets was $278 million and $297 million, respectively. The DPSP obligations are equal to the plan assets and are recognized as an offset to the Pension Plan when HP calculates its defined benefit pension cost and obligations. Post-Retirement Benefit Plans HP sponsors retiree health and welfare benefit plans, of which the most significant are in the United States. Under the HP Inc. Retiree Welfare Benefits Plan, certain pre-2003 retirees and grandfathered participants with continuous service to HP since 2002 are eligible to receive partially subsidized medical coverage based on years of service at retirement. HPs share of the premium cost is capped for all subsidized medical coverage provided under the HP Inc. Retiree Welfare Benefits Plan. HP currently leverages the employer group waiver plan process to provide HP Inc. Retiree Welfare Benefits Plan post-65 prescription drug coverage under Medicare Part D, thereby giving HP access to federal su …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

"Restructuring and Other Charges Summary of Restructuring Plans HPs restructuring activities in fiscal years 2025, 2024 and 2023 summarized by plan were as follows: Fiscal 2023 Plan Other prior year plans (1) Total Severance and EER Non-labor In millions Accrued balance as of October 31, 2022 $ $ $ 32 $ 32 Charges 402 41 1 444 Cash payments (172) (15) (35) (222) Non-cash and other adjustments (142) (2) (8) 4 (146) Accrued balance as of October 31, 2023 88 18 2 108 Charges 205 16 12 233 Cash payments (173) (18) (5) (196) Non-cash and other adjustments (5) (2) (7) Accrued balance as of October 31, 2024 120 11 7 138 Charges 266 61 327 Cash payments (230) (14) (4) (248) Non-cash and other adjustments 4 (50) 1 (45) Accrued balance as of October 31, 2025 $ 160 $ 8 $ 4 $ 172 Total costs incurred to date as of October 31, 2025 $ 873 $ 118 $ 878 $ 1,869 Reflected in Consolidated Balance Sheet: Other current liabilities $ 160 $ 3 $ 4 $ 167 Other non-current liabilities $ $ 5 $ $ 5 (1) Primarily includes the fiscal 2020 plan along with other legacy plans, all of which are substantially complete. HP does not expect any further material activity associated with these plans. (2) Includes reclassification of liability related to the Enhanced Early Retirement (""EER"") plan of $139 for certain healthcare and medical savings account benefits to pension and post-retirement plans. See Note 4 Retirement and Post-Retirement Benefit Plans for further information . Fiscal 2026 Plan On November 25, …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Segment Information HPs operations are organized into three reportable segments: Personal Systems, Printing, and Corporate Investments. The Companys Chief Executive Officer is the Chief Operating Decision Maker (CODM). HPs organizational structure is based on many factors that the CODM uses to evaluate, view and run the business operations, which include, but are not limited to, customer base and homogeneity of products and technology. The segments are based on this organizational structure and information reviewed by HPs CODM to evaluate segment results. The CODM uses earnings from operations to evaluate the performance of the overall business and to allocate resources to each of the segments, primarily through budgeting and segment performance reviews. The accounting policies HP uses to derive segment results are substantially the same as those used by HP in preparing these financial statements. HP derives the results of the business segments directly from its internal management reporting system. HP does not allocate certain operating expenses, which it manages at the corporate level, to its segments. These unallocated amounts include expenses such as certain corporate governance costs and infrastructure investments, stock-based compensation expense, restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets and certain litigation (charges) benefits, net. Significant Segment Expenses and Operating Results For the fiscal years en …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Stockholders Deficit Share Repurchase Program HPs share repurchase program authorizes both open market and private repurchase transactions. In fiscal year 2025, HP executed share repurchases of 29.6 million shares and settled total shares for $0.8 billion. In fiscal year 2024, HP executed share repurchases of 62.7 million shares and settled total shares for $2.1 billion. In fiscal year 2023, HP executed share repurchases of 3.6 million shares and settled total shares for $0.1 billion. Share repurchases executed during fiscal year 2025 included 0.2 million shares settled in November 2025. The shares repurchased in fiscal years 2025, 2024 and 2023 were all open market repurchase transactions. As of October 31, 2025, HP had approximately $8.4 billion remaining under the share repurchase authorizations approved by HPs Board of Directors. Changes and reclassifications related to Accumulated Other Comprehensive Loss, net of taxes For the years ended October 31 2025 2024 2023 In millions Other comprehensive loss, net of taxes: Unrealized components of available-for-sale debt securities Balance at the beginning of period $ 14 $ 7 $ 6 Unrealized gains arising during the period 16 8 2 Tax effects on change in unrealized components of available-for-sale securities (1) (1) (1) Unrealized components of available-for-sale debt securities, net of taxes 15 7 1 Balance at the end of period $ 29 $ 14 $ 7 Unrealized components of cash flow hedges Balance at the beginning of period $ 47 $ 230 $ …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Borrowings Notes Payable and Short-Term Borrowings As of January 31, 2026 As of October 31, 2025 Amount Outstanding Weighted-Average Interest Rate Amount Outstanding Weighted-Average Interest Rate In millions Current portion of long-term debt $ 807 3.5 % $ 788 3.2 % Notes payable to banks and other 54 % 57 % Total notes payable and short-term borrowings $ 861 $ 845 Long-Term Debt As of January 31, 2026 October 31, 2025 In millions U.S. Dollar Global Notes (1) Maturity Date Issue Price Stated Interest Rate $1,000 issued June 2021 June 2026 99.808 % 1.45 % $ 522 $ 522 $1,000 issued June 2020 June 2027 99.718 % 3.00 % 999 999 $900 issued June 2022 January 2028 99.841 % 4.75 % 899 899 $1,000 issued March 2022 April 2029 99.767 % 4.00 % 999 999 $500 issued April 2025 April 2030 99.732 % 5.40 % 499 499 $850 issued June 2020 June 2030 99.790 % 3.40 % 503 503 $1,000 issued June 2021 June 2031 99.573 % 2.65 % 998 998 $1,000 issued March 2022 April 2032 99.966 % 4.20 % 676 676 $1,100 issued June 2022 January 2033 99.725 % 5.50 % 1,098 1,098 $500 issued April 2025 April 2035 99.778 % 6.10 % 499 499 $1,200 issued September 2011 September 2041 99.863 % 6.00 % 1,199 1,199 8,891 8,891 Other borrowings at 1.47%-7.67%, due in fiscal years 2026-2032 796 765 Fair value adjustment related to hedged debt (1) Unamortized debt issuance cost (42) (46) Current portion of long-term debt (807) (788) Total long-term debt $ 8,838 $ 8,821 (1) HP may redeem some or all of the fixed-rate U.S. Dollar Global …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Fair Value Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. Fair Value Hierarchy HP uses valuation techniques that are based upon observable and unobservable inputs. Observable inputs are developed using market data such as publicly available information and reflect the assumptions market participants would use, while unobservable inputs are developed using the best information available about the assumptions market participants would use. Assets and liabilities are classified in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement: Level 1Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2Quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and market-corroborated inputs. Level 3Unobservable inputs for the asset or liability. The fair value hierarchy gives the highest priority to observable inputs and lowest priority to unobservable inputs. The following table presents HPs assets and liabilities that are measured at fair value on a recurring basis: As of January 31, 2026 As of October 31, 2025 Fair Value Measured Using Fair Value Measured Using Level 1 …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Taxes on Earnings Provision for Taxes HPs effective tax rate was 18.8% and 19.7% for the three months ended January 31, 2026 and 2025, respectively. The difference between the U.S. federal statutory tax rate of 21% and HPs effective tax rate for the three months ended January 31, 2026 was primarily due to favorable tax rates associated with certain earnings from HPs operations in lower-tax jurisdictions throughout the world. Uncertain Tax Positions As of January 31, 2026, the amount of gross unrecognized tax benefits was $889 million, of which up to $671 million would affect HPs effective tax rate if realized. Total gross unrecognized tax benefits increased by $24 million for the three months ended January 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 January 31, 2026 and 2025, HP had accrued $132 million and $145 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 HPs 2018 and 2019 income tax returns. …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Litigation and Contingencies HP is involved in lawsuits, claims, investigations and proceedings, including those identified below, consisting of IP, commercial, securities, employment, employee benefits and environmental matters that arise in the ordinary course of business. HP accrues a liability when management believes that it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated. HP believes it has recorded adequate provisions for any such matters and, as of January 31, 2026, it was not reasonably possible that a material loss had been incurred in excess of the amounts recognized in HPs financial statements. HP reviews these matters at least quarterly and adjusts its accruals to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case. Pursuant to the separation and distribution agreement entered into with Hewlett Packard Enterprise Company (Hewlett Packard Enterprise), HP shares responsibility with Hewlett Packard Enterprise for certain matters, as indicated below, and Hewlett Packard Enterprise has agreed to indemnify HP in whole or in part with respect to certain matters. Based on its experience, HP believes that any damage amounts claimed in the specific matters discussed below are not a meaningful indicator of HPs potential liability. Litigation is inherently unpredictable. However, HP believes it has valid defenses with respect …

LegalMattersAndContingenciesTextBlock · excerpt; the full note is in the filing

Recently Issued Accounting Pronouncements Not Yet Adopted In November 2024, the FASB issued guidance that requires disaggregation of specific expense categories in disclosures within the footnotes to the financial statements on an annual and interim basis. HP is required to adopt this guidance for its annual period ending October 31, 2028 and all interim periods thereafter on a prospective basis. Early adoption is permitted. HP is currently evaluating the impact of this guidance on its disclosures. In December 2023, the FASB issued guidance that enhances the transparency of income tax disclosures by expanding annual disclosure requirements related to the rate reconciliation and income taxes paid. HP is required to adopt this guidance for its annual period ending October 31, 2026. The Company will adopt the guidance prospectively. Adoption of this new guidance will result in additional disclosures in the Taxes on Earnings note in the Companys Consolidated Financial Statements but will not impact the consolidated financial results. …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Restructuring and Other Charges Summary of Restructuring Plans HPs restructuring activities summarized by plan were as follows: Fiscal 2026 Plan Severance Non-labor Other prior-year plans (1) Total In millions Accrued balance as of October 31, 2025 $ $ $ 172 $ 172 Charges 111 5 4 120 Cash payments (17) (3) (73) (93) Non-cash and other adjustments (2) 4 2 Accrued balance as of January 31, 2026 $ 94 $ $ 107 $ 201 Total costs incurred to date as of January 31, 2026 $ 111 $ 5 $ 995 $ 1,111 Reflected in the Condensed Consolidated Balance Sheets Other current liabilities $ 69 $ $ 102 $ 171 Other non-current liabilities $ 25 $ $ 5 $ 30 Accrued balance as of October 31, 2024 $ $ $ 138 $ 138 Charges 56 56 Cash payments (60) (60) Non-cash and other adjustments (12) (12) Accrued balance as of January 31, 2025 $ $ $ 122 $ 122 (1) Primarily includes the fiscal 2023 plan, which is substantially complete. HP does not expect any further material activity associated with this plan. Fiscal 2026 Plan On November 25, 2025, HPs Board of Directors approved the Fiscal 2026 Plan intended to drive customer satisfaction, product innovation, and productivity primarily through artificial intelligence adoption and enablement that HP expects will be implemented through fiscal 2028. HP expects to reduce global headcount by approximately 4,000 to 6,000 employees. HP estimates that it will incur pre-tax charges of approximately $650 million relating to labor and non-labor actions. During the course of the Fi …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Segment Information HP has three reportable segments: Personal Systems, Printing, and Corporate Investments. Personal Systems offers desktops, notebooks, and workstations (including HPs portfolio of AI PCs and workstations), thin clients, retail point-of-sale (POS) systems, displays, hybrid systems, software, solutions including endpoint security and services. Personal Systems includes support and deployment, configurations, and extended warranty services. HP supports a multi-operating system and multi-architecture strategy, primarily using Microsoft Windows and Google Chrome operating systems. HPs platforms incorporate processors from Intel, AMD and Qualcomm, including integrated AI acceleration, as well as NVIDIA GPUs for advanced graphics and compute workloads. Personal Systems groups its global business capabilities into the following business units when reporting business performance: Commercial PS consists of endpoint computing devices and hybrid systems, for use by enterprise, public sector (which includes education), and small- and medium-sized business (SMB) customers. These devices include HPs Pro and Elite commercial PC portfolio, HPs Z line of workstations, thin clients, retail POS systems, and HPs Dragonfly and Chromebook PCs. HP offers a range of secure services and solutions to commercial customers to help them manage the lifecycle of their PCs and mobility installed base. Consumer PS consists of devices, accessories and services which are optimized for consume …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Stockholders Deficit Share Repurchase Program HPs share repurchase program authorizes both open market and private repurchase transactions. During the three months ended January 31, 2026, HP executed share repurchases of 13.4 million shares and settled total shares for $0.3 billion. Share repurchases executed during the three months ended January 31, 2026 included 0.3 million shares settled in February 2026. During the three months ended January 31, 2025, HP executed share repurchases of 2.7 million shares and settled total shares for $0.1 billion. Share repurchases executed during the three months ended January 31, 2025 included 0.2 million shares settled in February 2025. The shares repurchased during the three months ended January 31, 2026 and 2025 were all open market repurchase transactions. As of January 31, 2026, HP had approximately $8.1 billion remaining under the share repurchase authorization approved by HPs Board of Directors. Changes and reclassifications related to Accumulated Other Comprehensive Loss, net of taxes Three months ended January 31 2026 2025 In millions Other comprehensive income (loss), net of taxes: Unrealized components of available-for-sale debt securities Balance at the beginning of period $ 29 $ 14 Unrealized gains arising during the period 1 4 Unrealized components of available-for-sale debt securities, net of taxes 1 4 Balance at the end of period $ 30 $ 18 Unrealized components of cash flow hedges Balance at the beginning of period $ (48) $ …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing