Rendering

Component: (Network and Table)
Network
2306301 - Disclosure - Retirement and Post-Retirement Benefit Plan (Tables)
(http://www.hp.com/role/RetirementAndPostRetirementBenefitPlanTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Compensation and Retirement Disclosure [Abstract]Period [Axis]
2015-11-01 - 2016-10-31
Compensation and Retirement Disclosure [Abstract]
 
Components of Pension and Post-Retirement Benefit (Credit) Cost Recognized
The components of HP’s pension and post-retirement benefit cost (credit) recognized in the Consolidated Statements of Earnings were as follows:
 
For the fiscal years ended October 31
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
 
U.S. Defined
Benefit Plans
 
Non-U.S. Defined
Benefit Plans
 
Post-Retirement
Benefit Plans
 
In millions
Service cost
$

 
$
1

 
$
1

 
$
47

 
$
208

 
$
234

 
$
1

 
$
5

 
$
5

Interest cost
543

 
556

 
554

 
20

 
289

 
454

 
20

 
28

 
32

Expected return on plan assets
(732
)
 
(849
)
 
(811
)
 
(36
)
 
(601
)
 
(776
)
 
(33
)
 
(39
)
 
(34
)
Amortization and deferrals:
 
 
 

 
 

 
 
 
 

 
 

 
 
 
 

 
 

Actuarial loss (gain)
55

 
52

 
13

 
28

 
213

 
236

 
(12
)
 
(11
)
 
(10
)
Prior service benefit (credit)

 

 

 
(3
)
 
(15
)
 
(21
)
 
(17
)
 
(19
)
 
(41
)
Net periodic benefit (credit) cost
(134
)
 
(240
)
 
(243
)
 
56

 
94

 
127

 
(41
)
 
(36
)
 
(48
)
Curtailment gain

 

 

 
(1
)
 

 
(6
)
 

 

 

Settlement loss (gain)
180

 
(79
)
 
1

 
3

 

 
4

 

 

 

Special termination benefits

 

 

 

 
7

 
11

 
4

 
1

 
32

Plan expense (credit) allocation(1)

 

 

 

 
25

 
(6
)
 

 
28

 
18

Total benefit cost (credit) from continuing operations
$
46

 
$
(319
)
 
$
(242
)
 
$
58

 
$
126

 
$
130

 
$
(37
)
 
$
(7
)
 
$
2

Summary of total benefit (credit) cost:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Continuing operations
$
46

 
$
(319
)
 
$
(242
)
 
$
58

 
$
126

 
$
130

 
$
(37
)
 
$
(7
)
 
$
2

Discontinued operations

 
236

 
17

 

 
105

 
125

 

 
(28
)
 
(18
)
Total benefit cost (credit)
$
46

 
$
(83
)
 
$
(225
)
 
$
58

 
$
231

 
$
255

 
$
(37
)
 
$
(35
)
 
$
(16
)

(1) 
Plan expense (credit) allocation relates to the employees of HP covered under Hewlett Packard Enterprise plans or employees of Hewlett Packard Enterprise covered under HP plans.
 
 
Weighted-Average Assumptions Used to Calculate Total Periodic Benefit (Credit) Cost
The weighted-average assumptions used to calculate the total periodic benefit (credit) cost were as follows: 
 
For the fiscal years ended October 31
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
 
U.S. Defined
Benefit Plans
 
Non-U.S. Defined
Benefit Plans
 
Post-Retirement
Benefit Plans
Discount rate
4.4
%
 
4.4
%
 
4.9
%
 
2.3
%
 
3.0
%
 
3.9
%
 
3.6
%
 
3.6
%
 
3.9
%
Expected increase in compensation levels
2.0
%
 
2.0
%
 
2.0
%
 
2.5
%
 
2.4
%
 
2.4
%
 

 

 

Expected long-term return on plan assets
6.9
%
 
7.2
%
 
7.7
%
 
5.6
%
 
6.9
%
 
7.0
%
 
8.0
%
 
9.0
%
 
8.9
%
 
 
Schedule of Funded Status of Defined Benefit and Post-Retirement Benefit Plans
The funded status of the defined benefit and post-retirement benefit plans was as follows:
 
As of October 31
 
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
 
U.S. Defined
Benefit Plans
 
Non-U.S. Defined
Benefit Plans
 
Post-Retirement
Benefit Plans
 
 
In millions
 
Change in fair value of plan assets:
 

 
 

 
 

 
 

 
 

 
 

 
Fair value of assets — beginning of year
$
11,077

 
$
11,979

 
$
853

 
$
12,472

 
$
434

 
$
458

 
Acquisition/addition of plans

 
(1
)
 

 
9

 

 

 
Actual return on plan assets
736

 
506

 
(14
)
 
547

 
11

 
45

 
Employer contributions
32

 
8

 
20

 
487

 
18

 
38

 
Participant contributions

 

 
10

 
48

 
48

 
57

 
Benefits paid
(339
)
 
(301
)
 
(15
)
 
(297
)
 
(121
)
 
(124
)
 
Settlement
(1,330
)
 
(1,114
)
 
(9
)
 
(9
)
 

 

 
Currency impact

 

 
4

 
(737
)
 

 

 
  Transfers to Hewlett Packard Enterprise

 

 
(157
)
 
(11,667
)
(1) 

 
(40
)
(1) 
Fair value of assets — end of year
$
10,176

 
$
11,077

 
$
692

 
$
853

 
$
390

 
$
434

 
Change in benefits obligation
 

 
 

 
 

 
 

 
 

 
 

 
Projected benefit obligation — beginning of year
$
12,709

 
$
13,386

 
$
1,082

 
$
13,885

 
$
597

 
$
840

 
Acquisition/addition of plans

 
(1
)
 
(2
)
 
4

 

 

 
Service cost

 
1

 
47

 
208

 
1

 
5

 
Interest cost
543

 
556

 
20

 
289

 
20

 
28

 
Participant contributions

 

 
10

 
48

 
48

 
57

 
Actuarial loss (gain)
561

 
(170
)
 
120

 
48

 
16

 
(49
)
 
Benefits paid
(339
)
 
(301
)
 
(15
)
 
(297
)
 
(121
)
 
(126
)
 
Plan amendments

 

 

 
(7
)
 
(30
)
 

 
Curtailment

 

 
(1
)
 

 

 

 
Settlement
(1,330
)
 
(1,114
)
 
(9
)
 
(9
)
 

 

 
Special termination benefits

 

 

 
7

 
4

 
1

 
Currency impact

 

 
(4
)
 
(825
)
 

 
(9
)
 
Transfers from Hewlett Packard Enterprise

 
365

(2) 

 

 

 

 
  Transfers to Hewlett Packard Enterprise

 
(13
)
(1) 
(128
)
 
(12,269
)
(1) 

 
(150
)
(1) 
Projected benefit obligation — end of year
$
12,144

 
$
12,709

 
$
1,120

 
$
1,082

 
$
535

 
$
597

 
Funded status at end of year
$
(1,968
)
 
$
(1,632
)
 
$
(428
)
 
$
(229
)
 
$
(145
)
 
$
(163
)
 
Accumulated benefit obligation
$
12,144

 
$
12,708

 
$
1,013

 
$
989

 

 

 

(1) 
In fiscal year 2015, in connection with the Separation, HP transferred plan assets and liabilities from HP’s plans to establish the Hewlett Packard Enterprise plans.

(2) 
In October 2015, in connection with the Separation, Hewlett Packard Enterprise transferred to HP three unfunded non-qualified U.S. defined benefit plans.

 
 
Weighted-Average Assumptions Used to Calculate Projected Benefit Obligations
The weighted-average assumptions used to calculate the projected benefit obligations for the fiscal years ended October 31, 2016 and 2015 were as follows:
 
For the fiscal years ended October 31
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
U.S. Defined
Benefit Plans
 
Non-U.S. Defined
Benefit Plans
 
Post-Retirement
Benefit Plans
Discount rate
4.0
%
 
4.4
%
 
1.6
%
 
2.3
%
 
3.4
%
 
3.6
%
Expected increase in compensation levels
2.0
%
 
2.0
%
 
2.7
%
 
2.5
%
 

 

 
 
Schedule of Net Amounts of Noncurrent Assets and Current and Noncurrent Liabilities for Defined Benefit and Post-Retirement Benefit Plans
The net amounts of non-current assets and current and non-current liabilities for HP’s defined benefit and post-retirement benefit plans recognized on HP’s Consolidated Balance Sheet were as follows:
 
As of October 31
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
U.S. Defined
Benefit Plans
 
Non-U.S. Defined
Benefit Plans
 
Post-Retirement
Benefit Plans
 
 
 
 
 
In millions
 
 
 
 
 
 
Non-current assets
$

 
$

 
$
17

 
$
37

 
$

 
$

Current liabilities
(33
)
 
(35
)
 
(5
)
 
(4
)
 
(9
)
 
(43
)
Non-current liabilities
(1,935
)
 
(1,597
)
 
(440
)
 
(262
)
 
(136
)
 
(120
)
Funded status at end of year
$
(1,968
)
 
$
(1,632
)
 
$
(428
)
 
$
(229
)
 
$
(145
)
 
$
(163
)
 
 
Summary of Pre-Tax Net Actuarial Loss (Gain) and Prior Service Benefit Recognized in Accumulated Other Comprehensive Loss for Defined Benefit and Post-Retirement Benefit Plans
The following table summarizes the pre-tax net actuarial loss (gain) and prior service benefit recognized in Accumulated other comprehensive loss for the defined benefit and post-retirement benefit plans.
 
As of October 31, 2016
 
U.S. Defined
Benefit Plans
 
Non U.S. Defined
Benefit Plans
 
Post-Retirement
Benefit Plans
 
 
 
In millions
 
 
Net actuarial loss (gain)
$
1,702

 
$
456

 
$
(105
)
Prior service benefit

 
(21
)
 
(112
)
Total recognized in Accumulated other comprehensive loss (gain)
$
1,702

 
$
435

 
$
(217
)
 
 
Summary of Net Actuarial Loss (Gain) and Prior Service Benefit Expected to be Amortized
The following table summarizes HP’s pre-tax net actuarial loss (gain) and prior service benefit that are expected to be amortized from Accumulated other comprehensive loss (income) and recognized as components of net periodic benefit cost (credit) during the next fiscal year.
 
U.S. Defined
Benefit Plans
 
Non-U.S. Defined
Benefit Plans
 
Post-Retirement
Benefit Plans
 
 
 
In millions
 
 
Net actuarial loss (gain)
$
73

 
$
39

 
$
(10
)
Prior service benefit

 
(3
)
 
(19
)
Total expected to be recognized in net periodic benefit cost (credit)
$
73

 
$
36

 
$
(29
)
 
 
Schedule of Defined Benefit Plans with Projected Benefit Obligations Exceeding Fair Value of Plan Assets
Defined benefit plans with projected benefit obligations exceeding the fair value of plan assets were as follows:
 
As of October 31
 
2016
 
2015
 
2016
 
2015
 
U.S. Defined
Benefit Plans
 
Non-U.S. Defined
Benefit Plans
 
In millions
Aggregate fair value of plan assets
$
10,176

 
$
11,077

 
$
626

 
$
418

Aggregate projected benefit obligation
$
12,144

 
$
12,709

 
$
1,070

 
$
684

 
 
Schedule of Defined Benefit Plans with Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets
Defined benefit plans with accumulated benefit obligations exceeding the fair value of plan assets were as follows:
 
As of October 31
 
2016
 
2015
 
2016
 
2015
 
U.S. Defined
Benefit Plans
 
Non-U.S. Defined
Benefit Plans
 
In millions
Aggregate fair value of plan assets
$
10,176

 
$
11,077

 
$
619

 
$
409

Aggregate accumulated benefit obligation
$
12,144

 
$
12,708

 
$
960

 
$
609

 
 
Schedule of Fair Value of Plan Assets by Asset Category
The table below sets forth the fair value of plan assets by asset category within the fair value hierarchy as of October 31, 2015.
 
As of October 31, 2015
 
U.S. Defined Benefit Plans
 
Non-U.S. Defined Benefit Plans
 
Post-Retirement Benefit Plans
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
In millions
Asset Category:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Equity securities(1)
$
2,100

 
$
60

 
$

 
$
2,160

 
$
120

 
$
97

 
$
15

 
$
232

 
$

 
$
1

 
$

 
$
1

Debt securities(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate

 
3,198

 
31

 
3,229

 

 
260

 

 
260

 

 
28

 

 
28

Government

 
1,712

 

 
1,712

 

 
59

 

 
59

 

 
39

 

 
39

Alternative Investments(3)

 

 
1,291

 
1,291

 

 
2

 
16

 
18

 

 

 
253

 
253

Common Contractual Funds(4)

 
1,837

 

 
1,837

 

 
182

 

 
182

 

 

 

 

Real Estate Funds

 

 

 

 
2

 
25

 

 
27

 

 

 

 

Insurance Group Annuity Contracts

 

 

 

 

 
5

 
3

 
8

 

 

 

 

Common Collective Trusts and 103-12 Investment Entities(5)

 
756

 

 
756

 

 
4

 

 
4

 

 
59

 

 
59

Registered Investment Companies(6)
38

 
176

 

 
214

 
30

 

 

 
30

 
52

 
3

 

 
55

Cash and Cash Equivalents(7)
5

 
71

 

 
76

 
18

 

 

 
18

 
4

 
3

 

 
7

Other(8)
(153
)
 
(45
)
 

 
(198
)
 
7

 
1

 
7

 
15

 
(8
)
 

 

 
(8
)
Total
$
1,990

 
$
7,765

 
$
1,322

 
$
11,077

 
$
177

 
$
635

 
$
41

 
$
853

 
$
48

 
$
133

 
$
253

 
$
434


(1) 
Investments in publicly-traded equity securities are valued using the closing price on the measurement date as reported on the stock exchange on which the individual securities are traded.

(2) 
The fair value for corporate, government and asset-backed debt securities is based on observable inputs of comparable market transactions. For corporate and government debt securities traded on active exchanges, fair value is based on observable quoted prices. Also included in this category is debt issued by national, state and local governments and agencies.

(3) 
Alternative Investments primarily include private equities and hedge funds. The valuation of alternative investments, such as limited partnerships and joint ventures, may require significant management judgment. For alternative investments, valuation is based on NAV as reported by the Asset Manager and adjusted for cash flows, if necessary. In making such an assessment, a variety of factors are reviewed by management, including but not limited to the timeliness of NAV as reported by the asset manager and changes in general economic and market conditions subsequent to the last NAV reported by the asset manager. Depending on the amount of management judgment, the lack of near-term liquidity, and the absence of quoted market prices, these assets are classified in Level 2 or Level 3 of the fair value hierarchy. Further, depending on how quickly HP can redeem its hedge fund investments, and the extent of any adjustments to NAV, hedge funds are classified in either Level 2 or Level 3 of the fair value hierarchy.

Private equities include limited partnerships such as equity, buyout, venture capital, real estate and other similar funds that invest in the United States and internationally where foreign currencies are hedged.

Hedge funds include limited partnerships that invest both long and short primarily in common stocks and credit, relative value, event driven equity, distressed debt and macro strategies. Management of the hedge funds has the ability to shift investments from value to growth strategies, from small to large capitalization stocks and bonds, and from a net long position to a net short position.

(4) 
The Common Contractual Fund is an investment arrangement in which institutional investors pool their assets. Units may be acquired in six different sub-funds focused on equities, fixed income, alternative investments and emerging markets. Each sub-fund is invested in accordance with the fund’s investment objective and units are issued in relation to each sub-fund. While the sub-funds are not publicly traded, the custodian strikes a net asset value either once or twice a month, depending on the sub-fund. These assets are valued at NAV and classified in Level 2 of the fair value hierarchy.

(5) 
Department of Labor 103-12 IE (Investment Entity) designation is for plan assets held by two or more unrelated employee benefit plans which includes limited partnerships and venture capital partnerships. Common collective trusts, interests in 103-12 entities and registered investment companies are valued at NAV. The valuation for some of these assets requires judgment due to the absence of quoted market prices, and these assets are generally classified in Level 2 of the fair value hierarchy.

(6) 
Includes publicly and privately traded Registered Investment Entities.

(7) 
Includes cash and cash equivalents such as short-term marketable securities. Cash and cash equivalents include money market funds, which are valued based on NAV. Other assets were classified in the fair value hierarchy based on the lowest level input (e.g., quoted prices and observable inputs) that is significant to the fair value measure in its entirety.

(8) 
Includes primarily unsettled transactions, international insured contracts, and derivative instruments. Such unsettled transactions relate primarily to fixed income securities settled in the first quarter of fiscal year 2016.
The table below sets forth the fair value of plan assets by asset category within the fair value hierarchy as of October 31, 2016. Refer to Note 10, “Fair Value” for details on fair value hierarchy.
 
As of October 31, 2016
 
U.S. Defined Benefit Plans
 
Non-U.S. Defined Benefit Plans
 
Post-Retirement Benefit Plans
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
In millions
Asset Category:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Equity securities(1)
$
1,716

 
$
59

 
$

 
$
1,775

 
$
122

 
$
4

 
$
7

 
$
133

 
$

 
$
1

 
$

 
$
1

Debt securities(2)


 


 


 


 


 


 


 


 


 


 


 


Corporate

 
3,132

 

 
3,132

 

 
124

 

 
124

 

 
26

 

 
26

Government

 
1,782

 

 
1,782

 

 
26

 

 
26

 

 
42

 

 
42

Alternative Investments(3)

 

 
1,027

 
1,027

 

 
2

 
11

 
13

 

 

 
219

 
219

Common Contractual Funds (4)

 
1,834

 

 
1,834

 

 
277

 

 
277

 

 

 

 

Real Estate Funds

 

 

 

 
1

 
24

 

 
25

 

 

 

 

Insurance Group Annuity Contracts

 

 

 

 

 
2

 
1

 
3

 

 

 

 

Common Collective Trusts and 103-12 Investment Entities(5)

 
639

 

 
639

 

 
11

 

 
11

 

 
51

 

 
51

Registered Investment Companies(6)
20

 
103

 

 
123

 
30

 

 

 
30

 
54

 
4

 

 
58

Cash and Cash Equivalents(7)
4

 
52

 

 
56

 
18

 

 

 
18

 

 
5

 

 
5

Other(8)
(169
)
 
(23
)
 

 
(192
)
 
7

 
16

 
9

 
32

 
(12
)
 

 

 
(12
)
Total
$
1,571

 
$
7,578

 
$
1,027

 
$
10,176

 
$
178

 
$
486

 
$
28

 
$
692

 
$
42

 
$
129

 
$
219

 
$
390


(1) 
Investments in publicly-traded equity securities are valued using the closing price on the measurement date as reported on the stock exchange on which the individual securities are traded.

(2) 
The fair value for corporate, government and asset-backed debt securities is based on observable inputs of comparable market transactions. For corporate and government debt securities traded on active exchanges, fair value is based on observable quoted prices. Also included in this category is debt issued by national, state and local governments and agencies.

(3) 
Alternative Investments primarily include private equities and hedge funds. The valuation of alternative investments, such as limited partnerships and joint ventures, may require significant management judgment. For alternative investments, valuation is based on net asset value (“NAV”) as reported by the Asset Manager and adjusted for cash flows, if necessary. In making such an assessment, a variety of factors are reviewed by management, including but not limited to the timeliness of NAV as reported by the asset manager and changes in general economic and market conditions subsequent to the last NAV reported by the asset manager. Depending on the amount of management judgment, the lack of near-term liquidity, and the absence of quoted market prices, these assets are classified in Level 2 or Level 3 of the fair value hierarchy. Further, depending on how quickly HP can redeem its hedge fund investments, and the extent of any adjustments to NAV, hedge funds are classified in either Level 2 or Level 3 of the fair value hierarchy.

Private equities include limited partnerships such as equity, buyout, venture capital, real estate and other similar funds that invest in the United States and internationally where foreign currencies are hedged.

Hedge funds include limited partnerships that invest both long and short primarily in common stocks and credit, relative value, event driven equity, distressed debt and macro strategies. Management of the hedge funds has the ability to shift investments from value to growth strategies, from small to large capitalization stocks and bonds, and from a net long position to a net short position.

(4) 
The Common Contractual Fund is an investment arrangement in which institutional investors pool their assets. Units may be acquired in six different sub-funds focused on equities, fixed income, alternative investments and emerging markets. Each sub-fund is invested in accordance with the fund’s investment objective and units are issued in relation to each sub-fund. While the sub-funds are not publicly traded, the custodian strikes a net asset value either once or twice a month, depending on the sub-fund. These assets are valued at NAV and classified in Level 2 of the fair value hierarchy.

(5) 
Department of Labor 103-12 IE (Investment Entity) designation is for plan assets held by two or more unrelated employee benefit plans which includes limited partnerships and venture capital partnerships. Common collective trusts, interests in 103-12 entities and registered investment companies are valued at NAV. The valuation for some of these assets requires judgment due to the absence of quoted market prices, and these assets are generally classified in Level 2 of the fair value hierarchy.

(6) 
Includes publicly and privately traded Registered Investment Entities.

(7) 
Includes cash and cash equivalents such as short-term marketable securities. Cash and cash equivalents include money market funds, which are valued based on NAV. Other assets were classified in the fair value hierarchy based on the lowest level input (e.g., quoted prices and observable inputs) that is significant to the fair value measure in its entirety.

(8) 
Includes primarily unsettled transactions, international insured contracts, and derivative instruments. Such unsettled transactions relate primarily to fixed income securities settled in the first quarter of fiscal year 2017.
 
 
Schedule of Changes in Fair Value Measurements of Level 3 Investments
Changes in fair value measurements of Level 3 investments were as follows:
 
For the fiscal year ended October 31, 2015
 
U.S. Defined Benefit Plans
 
Non-U.S. Defined Benefit Plans
 
Post-Retirement
Benefit Plans
 
Corporate
Debt
 
Alternative Investments
 
Total
 
Non U.S.
Equities
 
Alternative Investments
 
Insurance
Group
Annuities
 
Other
 
Total
 
Alternative Investments
 
In millions
Beginning balance at October 31, 2014
$
7

 
$
1,409

 
$
1,416

 
$
80

 
$
160

 
$
35

 
$

 
$
275

 
$
272

Actual return on plan assets:
 

 
 

 
 

 
 

 
 

 
 
 
 
 
 

 
 
Relating to assets still held at the reporting date

 
(26
)
 
(26
)
 
(13
)
 
(6
)
 
(7
)
 

 
(26
)
 
(2
)
Relating to assets sold during the period

 
144

 
144

 

 
(21
)
 

 

 
(21
)
 
46

Purchases, sales, and settlements (net)
24

 
(236
)
 
(212
)
 

 
(77
)
 

 

 
(77
)
 
(63
)
Transfers in and/or out of Level 3

 

 

 
(52
)
 
(40
)
 
(25
)
 
7

 
(110
)
 

Ending balance at October 31, 2015
$
31

 
$
1,291

 
$
1,322

 
$
15

 
$
16

 
$
3

 
$
7

 
$
41

 
$
253

Changes in fair value measurements of Level 3 investments were as follows:
 
For the fiscal year ended October 31, 2016
 
U.S. Defined Benefit Plans
 
Non-U.S. Defined Benefit Plans
 
Post-Retirement
Benefit Plans
 
Corporate
Debt
 
Alternative Investments
 
Total
 
Non U.S.
Equities
 
Alternative Investments
 
Insurance
Group
Annuities
 
Other
 
Total
 
Alternative Investments
 
In millions
Beginning balance at October 31, 2015
$
31

 
$
1,291

 
$
1,322

 
$
15

 
$
16

 
$
3

 
$
7

 
$
41

 
$
253

Actual return on plan assets:
 

 
 

 
 

 
 

 
 

 
 
 
 
 
 

 
 
Relating to assets still held at the reporting date

 
(128
)
 
(128
)
 

 

 

 

 

 
(9
)
Relating to assets sold during the period

 
131

 
131

 

 

 

 

 

 
14

Purchases, sales, and settlements (net)
(9
)
 
(267
)
 
(276
)
 

 

 

 

 

 
(39
)
Transfers in and/or out of Level 3
(22
)
 

 
(22
)
 
(8
)
 
(5
)
 
(2
)
 
2

 
(13
)
 

Ending balance at October 31, 2016
$

 
$
1,027

 
$
1,027

 
$
7

 
$
11

 
$
1

 
$
9

 
$
28

 
$
219

 
 
Schedule of Weighted-Average Target Asset Allocations Across Benefit Plans
Refer to the fair value hierarchy table above for actual assets allocations across the benefit plans. The weighted-average target asset allocations across the benefit plans represented in the fair value tables above were as follows:

 
2016 Target Allocation
Asset Category
 
U.S. Defined Benefit Plans
 
Non-U.S. Defined
Benefit Plans
 
Post-Retirement
Benefit Plans
Equity-related investments
 
53.9
%
 
44.3
%
 
67.7
%
Debt securities
 
46.1
%
 
38.8
%
 
29.2
%
Real estate
 

 
6.2
%
 
2.0
%
Cash and cash equivalents
 

 
2.7
%
 
1.1
%
Other
 

 
8.0
%
 

Total
 
100.0
%
 
100.0
%
 
100.0
%
 
 
Schedule of Estimated Future Benefits Payments for Retirement and Post-Retirement Plans
As of October 31, 2016, HP estimates that the future benefits payments for the retirement and post-retirement plans are as follows:
 
Fiscal year
 
U.S. Defined
Benefit Plans
 
Non-U.S.
Defined
Benefit Plans
 
Post-Retirement
Benefit Plans
 
 
In millions
2017
 
$
687

 
$
27

 
$
80

2018
 
635

 
24

 
61

2019
 
648

 
28

 
51

2020
 
674

 
29

 
47

2021
 
702

 
28

 
44

Next five fiscal years to October 31, 2026
 
3,685

 
188

 
167