hpe-202204300001645590false10/312022Q2http://fasb.org/us-gaap/2021-01-31#AccountingStandardsUpdate201613Member6P2YP5Y00016455902021-11-012022-04-300001645590dei:FormerAddressMember2021-11-012022-04-3000016455902022-05-30xbrli:shares0001645590us-gaap:ProductMember2022-02-012022-04-30iso4217:USD0001645590us-gaap:ProductMember2021-02-012021-04-300001645590us-gaap:ProductMember2021-11-012022-04-300001645590us-gaap:ProductMember2020-11-012021-04-300001645590us-gaap:ServiceMember2022-02-012022-04-300001645590us-gaap:ServiceMember2021-02-012021-04-300001645590us-gaap:ServiceMember2021-11-012022-04-300001645590us-gaap:ServiceMember2020-11-012021-04-3000016455902022-02-012022-04-3000016455902021-02-012021-04-3000016455902020-11-012021-04-30iso4217:USDxbrli:shares0001645590hpe:ConflictBetweenRussianAndUkraineAndRelatedTradeSanctionsMember2022-02-012022-04-300001645590hpe:ConflictBetweenRussianAndUkraineAndRelatedTradeSanctionsMember2021-11-012022-04-3000016455902022-04-3000016455902021-10-3100016455902020-10-3100016455902021-04-300001645590us-gaap:CommonStockMember2022-01-310001645590us-gaap:AdditionalPaidInCapitalMember2022-01-310001645590us-gaap:RetainedEarningsMember2022-01-310001645590us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-310001645590us-gaap:ParentMember2022-01-310001645590us-gaap:NoncontrollingInterestMember2022-01-310001645590hpe:TotalEquityMember2022-01-310001645590us-gaap:RetainedEarningsMember2022-02-012022-04-300001645590us-gaap:ParentMember2022-02-012022-04-300001645590us-gaap:NoncontrollingInterestMember2022-02-012022-04-300001645590hpe:TotalEquityMember2022-02-012022-04-300001645590us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-02-012022-04-300001645590us-gaap:AdditionalPaidInCapitalMember2022-02-012022-04-300001645590us-gaap:CommonStockMember2022-02-012022-04-300001645590us-gaap:CommonStockMember2022-04-300001645590us-gaap:AdditionalPaidInCapitalMember2022-04-300001645590us-gaap:RetainedEarningsMember2022-04-300001645590us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-04-300001645590us-gaap:ParentMember2022-04-300001645590us-gaap:NoncontrollingInterestMember2022-04-300001645590hpe:TotalEquityMember2022-04-300001645590us-gaap:CommonStockMember2021-10-310001645590us-gaap:AdditionalPaidInCapitalMember2021-10-310001645590us-gaap:RetainedEarningsMember2021-10-310001645590us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-10-310001645590us-gaap:ParentMember2021-10-310001645590us-gaap:NoncontrollingInterestMember2021-10-310001645590hpe:TotalEquityMember2021-10-310001645590us-gaap:RetainedEarningsMember2021-11-012022-04-300001645590us-gaap:ParentMember2021-11-012022-04-300001645590us-gaap:NoncontrollingInterestMember2021-11-012022-04-300001645590hpe:TotalEquityMember2021-11-012022-04-300001645590us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-11-012022-04-300001645590us-gaap:AdditionalPaidInCapitalMember2021-11-012022-04-300001645590us-gaap:CommonStockMember2021-11-012022-04-300001645590us-gaap:CommonStockMember2021-01-310001645590us-gaap:AdditionalPaidInCapitalMember2021-01-310001645590us-gaap:RetainedEarningsMember2021-01-310001645590us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-310001645590us-gaap:ParentMember2021-01-310001645590us-gaap:NoncontrollingInterestMember2021-01-310001645590hpe:TotalEquityMember2021-01-310001645590us-gaap:RetainedEarningsMember2021-02-012021-04-300001645590us-gaap:ParentMember2021-02-012021-04-300001645590us-gaap:NoncontrollingInterestMember2021-02-012021-04-300001645590hpe:TotalEquityMember2021-02-012021-04-300001645590us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-02-012021-04-300001645590us-gaap:AdditionalPaidInCapitalMember2021-02-012021-04-300001645590us-gaap:CommonStockMember2021-02-012021-04-300001645590us-gaap:CommonStockMember2021-04-300001645590us-gaap:AdditionalPaidInCapitalMember2021-04-300001645590us-gaap:RetainedEarningsMember2021-04-300001645590us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-300001645590us-gaap:ParentMember2021-04-300001645590us-gaap:NoncontrollingInterestMember2021-04-300001645590hpe:TotalEquityMember2021-04-300001645590us-gaap:CommonStockMember2020-10-310001645590us-gaap:AdditionalPaidInCapitalMember2020-10-310001645590us-gaap:RetainedEarningsMember2020-10-310001645590us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-10-310001645590us-gaap:ParentMember2020-10-310001645590us-gaap:NoncontrollingInterestMember2020-10-310001645590hpe:TotalEquityMember2020-10-310001645590us-gaap:RetainedEarningsMember2020-11-012021-04-300001645590us-gaap:ParentMember2020-11-012021-04-300001645590us-gaap:NoncontrollingInterestMember2020-11-012021-04-300001645590hpe:TotalEquityMember2020-11-012021-04-300001645590us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-11-012021-04-300001645590us-gaap:AdditionalPaidInCapitalMember2020-11-012021-04-300001645590us-gaap:CommonStockMember2020-11-012021-04-3000016455902019-11-012020-10-310001645590us-gaap:RetainedEarningsMemberus-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2020-10-310001645590us-gaap:AccountingStandardsUpdate201613Memberus-gaap:ParentMembersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2020-10-310001645590hpe:TotalEquityMemberus-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2020-10-310001645590hpe:ServersAndStorageEquipmentMember2021-11-012021-11-010001645590hpe:ServersAndStorageEquipmentMembersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2021-11-012021-11-010001645590us-gaap:SubsequentEventMemberus-gaap:SecuredDebtMember2022-05-310001645590us-gaap:SubsequentEventMemberus-gaap:SecuredDebtMember2022-05-012022-05-31hpe:tranchexbrli:pure0001645590hpe:ConflictBetweenRussianAndUkraineAndRelatedTradeSanctionsMemberus-gaap:ServiceMember2022-02-012022-04-30hpe:segment0001645590hpe:ComputeSegmentMember2022-02-012022-04-300001645590hpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMember2022-02-012022-04-300001645590hpe:StorageSegmentMember2022-02-012022-04-300001645590hpe:IntelligentEdgeMember2022-02-012022-04-300001645590hpe:FinancialServicesMember2022-02-012022-04-300001645590us-gaap:CorporateAndOtherMember2022-02-012022-04-300001645590hpe:ComputeSegmentMemberus-gaap:IntersegmentEliminationMember2022-02-012022-04-300001645590us-gaap:IntersegmentEliminationMemberhpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMember2022-02-012022-04-300001645590us-gaap:IntersegmentEliminationMemberhpe:StorageSegmentMember2022-02-012022-04-300001645590us-gaap:IntersegmentEliminationMemberhpe:IntelligentEdgeMember2022-02-012022-04-300001645590hpe:FinancialServicesMemberus-gaap:IntersegmentEliminationMember2022-02-012022-04-300001645590us-gaap:CorporateAndOtherMemberus-gaap:IntersegmentEliminationMember2022-02-012022-04-300001645590us-gaap:IntersegmentEliminationMember2022-02-012022-04-300001645590hpe:ComputeSegmentMemberus-gaap:OperatingSegmentsMember2022-02-012022-04-300001645590hpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMemberus-gaap:OperatingSegmentsMember2022-02-012022-04-300001645590hpe:StorageSegmentMemberus-gaap:OperatingSegmentsMember2022-02-012022-04-300001645590hpe:IntelligentEdgeMemberus-gaap:OperatingSegmentsMember2022-02-012022-04-300001645590hpe:FinancialServicesMemberus-gaap:OperatingSegmentsMember2022-02-012022-04-300001645590us-gaap:CorporateAndOtherMemberus-gaap:OperatingSegmentsMember2022-02-012022-04-300001645590us-gaap:OperatingSegmentsMember2022-02-012022-04-300001645590hpe:ComputeSegmentMember2021-02-012021-04-300001645590hpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMember2021-02-012021-04-300001645590hpe:StorageSegmentMember2021-02-012021-04-300001645590hpe:IntelligentEdgeMember2021-02-012021-04-300001645590hpe:FinancialServicesMember2021-02-012021-04-300001645590us-gaap:CorporateAndOtherMember2021-02-012021-04-300001645590hpe:ComputeSegmentMemberus-gaap:IntersegmentEliminationMember2021-02-012021-04-300001645590us-gaap:IntersegmentEliminationMemberhpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMember2021-02-012021-04-300001645590us-gaap:IntersegmentEliminationMemberhpe:StorageSegmentMember2021-02-012021-04-300001645590us-gaap:IntersegmentEliminationMemberhpe:IntelligentEdgeMember2021-02-012021-04-300001645590hpe:FinancialServicesMemberus-gaap:IntersegmentEliminationMember2021-02-012021-04-300001645590us-gaap:CorporateAndOtherMemberus-gaap:IntersegmentEliminationMember2021-02-012021-04-300001645590us-gaap:IntersegmentEliminationMember2021-02-012021-04-300001645590hpe:ComputeSegmentMemberus-gaap:OperatingSegmentsMember2021-02-012021-04-300001645590hpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMemberus-gaap:OperatingSegmentsMember2021-02-012021-04-300001645590hpe:StorageSegmentMemberus-gaap:OperatingSegmentsMember2021-02-012021-04-300001645590hpe:IntelligentEdgeMemberus-gaap:OperatingSegmentsMember2021-02-012021-04-300001645590hpe:FinancialServicesMemberus-gaap:OperatingSegmentsMember2021-02-012021-04-300001645590us-gaap:CorporateAndOtherMemberus-gaap:OperatingSegmentsMember2021-02-012021-04-300001645590us-gaap:OperatingSegmentsMember2021-02-012021-04-300001645590hpe:ComputeSegmentMember2021-11-012022-04-300001645590hpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMember2021-11-012022-04-300001645590hpe:StorageSegmentMember2021-11-012022-04-300001645590hpe:IntelligentEdgeMember2021-11-012022-04-300001645590hpe:FinancialServicesMember2021-11-012022-04-300001645590us-gaap:CorporateAndOtherMember2021-11-012022-04-300001645590hpe:ComputeSegmentMemberus-gaap:IntersegmentEliminationMember2021-11-012022-04-300001645590us-gaap:IntersegmentEliminationMemberhpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMember2021-11-012022-04-300001645590us-gaap:IntersegmentEliminationMemberhpe:StorageSegmentMember2021-11-012022-04-300001645590us-gaap:IntersegmentEliminationMemberhpe:IntelligentEdgeMember2021-11-012022-04-300001645590hpe:FinancialServicesMemberus-gaap:IntersegmentEliminationMember2021-11-012022-04-300001645590us-gaap:CorporateAndOtherMemberus-gaap:IntersegmentEliminationMember2021-11-012022-04-300001645590us-gaap:IntersegmentEliminationMember2021-11-012022-04-300001645590hpe:ComputeSegmentMemberus-gaap:OperatingSegmentsMember2021-11-012022-04-300001645590hpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMemberus-gaap:OperatingSegmentsMember2021-11-012022-04-300001645590hpe:StorageSegmentMemberus-gaap:OperatingSegmentsMember2021-11-012022-04-300001645590hpe:IntelligentEdgeMemberus-gaap:OperatingSegmentsMember2021-11-012022-04-300001645590hpe:FinancialServicesMemberus-gaap:OperatingSegmentsMember2021-11-012022-04-300001645590us-gaap:CorporateAndOtherMemberus-gaap:OperatingSegmentsMember2021-11-012022-04-300001645590us-gaap:OperatingSegmentsMember2021-11-012022-04-300001645590hpe:ComputeSegmentMember2020-11-012021-04-300001645590hpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMember2020-11-012021-04-300001645590hpe:StorageSegmentMember2020-11-012021-04-300001645590hpe:IntelligentEdgeMember2020-11-012021-04-300001645590hpe:FinancialServicesMember2020-11-012021-04-300001645590us-gaap:CorporateAndOtherMember2020-11-012021-04-300001645590hpe:ComputeSegmentMemberus-gaap:IntersegmentEliminationMember2020-11-012021-04-300001645590us-gaap:IntersegmentEliminationMemberhpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMember2020-11-012021-04-300001645590us-gaap:IntersegmentEliminationMemberhpe:StorageSegmentMember2020-11-012021-04-300001645590us-gaap:IntersegmentEliminationMemberhpe:IntelligentEdgeMember2020-11-012021-04-300001645590hpe:FinancialServicesMemberus-gaap:IntersegmentEliminationMember2020-11-012021-04-300001645590us-gaap:CorporateAndOtherMemberus-gaap:IntersegmentEliminationMember2020-11-012021-04-300001645590us-gaap:IntersegmentEliminationMember2020-11-012021-04-300001645590hpe:ComputeSegmentMemberus-gaap:OperatingSegmentsMember2020-11-012021-04-300001645590hpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMemberus-gaap:OperatingSegmentsMember2020-11-012021-04-300001645590hpe:StorageSegmentMemberus-gaap:OperatingSegmentsMember2020-11-012021-04-300001645590hpe:IntelligentEdgeMemberus-gaap:OperatingSegmentsMember2020-11-012021-04-300001645590hpe:FinancialServicesMemberus-gaap:OperatingSegmentsMember2020-11-012021-04-300001645590us-gaap:CorporateAndOtherMemberus-gaap:OperatingSegmentsMember2020-11-012021-04-300001645590us-gaap:OperatingSegmentsMember2020-11-012021-04-300001645590us-gaap:MaterialReconcilingItemsMember2022-02-012022-04-300001645590us-gaap:MaterialReconcilingItemsMember2021-02-012021-04-300001645590us-gaap:MaterialReconcilingItemsMember2021-11-012022-04-300001645590us-gaap:MaterialReconcilingItemsMember2020-11-012021-04-300001645590hpe:Covid19Member2022-02-012022-04-300001645590hpe:Covid19Member2021-11-012022-04-300001645590hpe:ComputeSegmentMemberus-gaap:OperatingSegmentsMember2022-04-300001645590hpe:ComputeSegmentMemberus-gaap:OperatingSegmentsMember2021-10-310001645590hpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMemberus-gaap:OperatingSegmentsMember2022-04-300001645590hpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMemberus-gaap:OperatingSegmentsMember2021-10-310001645590hpe:StorageSegmentMemberus-gaap:OperatingSegmentsMember2022-04-300001645590hpe:StorageSegmentMemberus-gaap:OperatingSegmentsMember2021-10-310001645590hpe:IntelligentEdgeMemberus-gaap:OperatingSegmentsMember2022-04-300001645590hpe:IntelligentEdgeMemberus-gaap:OperatingSegmentsMember2021-10-310001645590hpe:FinancialServicesMemberus-gaap:OperatingSegmentsMember2022-04-300001645590hpe:FinancialServicesMemberus-gaap:OperatingSegmentsMember2021-10-310001645590us-gaap:CorporateAndOtherMemberus-gaap:OperatingSegmentsMember2022-04-300001645590us-gaap:CorporateAndOtherMemberus-gaap:OperatingSegmentsMember2021-10-310001645590us-gaap:CorporateNonSegmentMember2022-04-300001645590us-gaap:CorporateNonSegmentMember2021-10-310001645590country:US2022-02-012022-04-300001645590country:US2021-02-012021-04-300001645590country:US2021-11-012022-04-300001645590country:US2020-11-012021-04-300001645590hpe:AmericasExcludingUnitedStatesMember2022-02-012022-04-300001645590hpe:AmericasExcludingUnitedStatesMember2021-02-012021-04-300001645590hpe:AmericasExcludingUnitedStatesMember2021-11-012022-04-300001645590hpe:AmericasExcludingUnitedStatesMember2020-11-012021-04-300001645590srt:AmericasMember2022-02-012022-04-300001645590srt:AmericasMember2021-02-012021-04-300001645590srt:AmericasMember2021-11-012022-04-300001645590srt:AmericasMember2020-11-012021-04-300001645590us-gaap:EMEAMember2022-02-012022-04-300001645590us-gaap:EMEAMember2021-02-012021-04-300001645590us-gaap:EMEAMember2021-11-012022-04-300001645590us-gaap:EMEAMember2020-11-012021-04-300001645590hpe:AsiaPacificandJapanMember2022-02-012022-04-300001645590hpe:AsiaPacificandJapanMember2021-02-012021-04-300001645590hpe:AsiaPacificandJapanMember2021-11-012022-04-300001645590hpe:AsiaPacificandJapanMember2020-11-012021-04-300001645590hpe:TransformationCostsMemberhpe:CostOptimizationAndPrioritizationPlanMember2021-02-012021-04-300001645590hpe:TransformationCostsMemberhpe:CostOptimizationAndPrioritizationPlanMember2020-11-012021-04-300001645590hpe:CostOptimizationAndPrioritizationPlanMemberhpe:NonServiceNetPeriodicBenefitCreditMember2021-02-012021-04-300001645590hpe:CostOptimizationAndPrioritizationPlanMemberhpe:NonServiceNetPeriodicBenefitCreditMember2020-11-012021-04-300001645590hpe:CostOptimizationAndPrioritizationPlanMember2022-02-012022-04-300001645590hpe:CostOptimizationAndPrioritizationPlanMember2021-02-012021-04-300001645590hpe:CostOptimizationAndPrioritizationPlanMember2021-11-012022-04-300001645590hpe:CostOptimizationAndPrioritizationPlanMember2020-11-012021-04-300001645590hpe:HPENextMember2022-02-012022-04-300001645590hpe:HPENextMember2021-02-012021-04-300001645590hpe:HPENextMember2021-11-012022-04-300001645590hpe:HPENextMember2020-11-012021-04-300001645590us-gaap:EmployeeSeveranceMemberhpe:CostOptimizationAndPrioritizationPlanMember2021-10-310001645590hpe:InfrastructureAndOtherRestructuringItemsMemberhpe:CostOptimizationAndPrioritizationPlanMember2021-10-310001645590us-gaap:EmployeeSeveranceMemberhpe:HPENextMember2021-10-310001645590hpe:InfrastructureAndOtherRestructuringItemsMemberhpe:HPENextMember2021-10-310001645590us-gaap:EmployeeSeveranceMemberhpe:CostOptimizationAndPrioritizationPlanMember2021-11-012022-04-300001645590hpe:InfrastructureAndOtherRestructuringItemsMemberhpe:CostOptimizationAndPrioritizationPlanMember2021-11-012022-04-300001645590us-gaap:EmployeeSeveranceMemberhpe:HPENextMember2021-11-012022-04-300001645590hpe:InfrastructureAndOtherRestructuringItemsMemberhpe:HPENextMember2021-11-012022-04-300001645590us-gaap:EmployeeSeveranceMemberhpe:CostOptimizationAndPrioritizationPlanMember2022-04-300001645590hpe:InfrastructureAndOtherRestructuringItemsMemberhpe:CostOptimizationAndPrioritizationPlanMember2022-04-300001645590us-gaap:EmployeeSeveranceMemberhpe:HPENextMember2022-04-300001645590hpe:InfrastructureAndOtherRestructuringItemsMemberhpe:HPENextMember2022-04-300001645590hpe:HPENextAndCostOptimizationAndPrioritizationPlanMember2022-04-300001645590hpe:HPENextAndCostOptimizationAndPrioritizationPlanMember2021-10-310001645590hpe:OtherAccruedLiabilitiesMemberhpe:HPENextAndCostOptimizationAndPrioritizationPlanMember2022-04-300001645590hpe:OtherAccruedLiabilitiesMemberhpe:HPENextAndCostOptimizationAndPrioritizationPlanMember2021-10-310001645590us-gaap:OtherNoncurrentLiabilitiesMemberhpe:HPENextAndCostOptimizationAndPrioritizationPlanMember2022-04-300001645590us-gaap:OtherNoncurrentLiabilitiesMemberhpe:HPENextAndCostOptimizationAndPrioritizationPlanMember2021-10-310001645590us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-02-012022-04-300001645590us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2021-02-012021-04-300001645590us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2021-11-012022-04-300001645590us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-11-012021-04-300001645590hpe:DeferredTaxAssetRelatedToForeignConflictsMembersrt:ScenarioForecastMember2022-07-3100016455902021-11-012022-01-310001645590us-gaap:LandMember2022-04-300001645590us-gaap:LandMember2021-10-310001645590hpe:BuildingsandLeaseholdImprovementsMember2022-04-300001645590hpe:BuildingsandLeaseholdImprovementsMember2021-10-3100016455902020-11-012021-10-310001645590hpe:DebtCurrentMember2022-04-300001645590hpe:DebtCurrentMember2021-10-3100016455902022-05-012022-04-300001645590us-gaap:RiskLevelLowMember2022-04-300001645590us-gaap:RiskLevelMediumMember2022-04-300001645590us-gaap:RiskLevelHighMember2022-04-300001645590us-gaap:RiskLevelLowMember2021-10-310001645590us-gaap:RiskLevelMediumMember2021-10-310001645590us-gaap:RiskLevelHighMember2021-10-310001645590srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2021-10-310001645590srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2020-10-310001645590us-gaap:BilledRevenuesMemberus-gaap:FinancialAssetNotPastDueMember2022-04-300001645590us-gaap:BilledRevenuesMemberus-gaap:FinancialAssetNotPastDueMember2021-10-310001645590us-gaap:BilledRevenuesMemberhpe:FinancialAsset31To60DaysPastDueMember2022-04-300001645590us-gaap:BilledRevenuesMemberhpe:FinancialAsset31To60DaysPastDueMember2021-10-310001645590us-gaap:BilledRevenuesMemberhpe:FinancialAsset61To90DaysPastDueMember2022-04-300001645590us-gaap:BilledRevenuesMemberhpe:FinancialAsset61To90DaysPastDueMember2021-10-310001645590us-gaap:BilledRevenuesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-04-300001645590us-gaap:BilledRevenuesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2021-10-310001645590us-gaap:UnbilledRevenuesMember2022-04-300001645590us-gaap:UnbilledRevenuesMember2021-10-310001645590us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-04-300001645590us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-10-310001645590us-gaap:FinanceReceivablesMember2022-04-300001645590us-gaap:FinanceReceivablesMember2021-10-310001645590hpe:OperatingLeaseRightOfUseAssetMember2022-04-300001645590hpe:OperatingLeaseRightOfUseAssetMember2021-10-310001645590hpe:ComputeSegmentMember2022-04-300001645590hpe:ComputeSegmentMember2021-10-310001645590hpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMember2022-04-300001645590hpe:HighPerformanceComputeAndMissionCriticalSystemsSegmentMember2021-10-310001645590hpe:StorageSegmentMember2022-04-300001645590hpe:StorageSegmentMember2021-10-310001645590hpe:IntelligentEdgeMember2022-04-300001645590hpe:IntelligentEdgeMember2021-10-310001645590hpe:FinancialServicesMember2022-04-300001645590hpe:FinancialServicesMember2021-10-310001645590us-gaap:CorporateAndOtherMember2022-04-300001645590us-gaap:CorporateAndOtherMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:BankTimeDepositsMemberus-gaap:FairValueInputsLevel1Member2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:BankTimeDepositsMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:BankTimeDepositsMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:BankTimeDepositsMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:BankTimeDepositsMemberus-gaap:FairValueInputsLevel1Member2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:BankTimeDepositsMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:BankTimeDepositsMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:BankTimeDepositsMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MoneyMarketFundsMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MoneyMarketFundsMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MoneyMarketFundsMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MoneyMarketFundsMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Memberus-gaap:MoneyMarketFundsMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:MoneyMarketFundsMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MoneyMarketFundsMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MoneyMarketFundsMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:EquitySecuritiesMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:EquitySecuritiesMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtMemberus-gaap:FairValueInputsLevel1Member2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignGovernmentDebtMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ForeignGovernmentDebtMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtMemberus-gaap:FairValueInputsLevel1Member2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignGovernmentDebtMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ForeignGovernmentDebtMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignGovernmentDebtMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:OtherDebtSecuritiesMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherDebtSecuritiesMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherDebtSecuritiesMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:OtherDebtSecuritiesMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherDebtSecuritiesMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherDebtSecuritiesMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel1Member2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateContractMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateContractMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMemberus-gaap:FairValueInputsLevel1Member2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:InterestRateContractMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:InterestRateContractMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateContractMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMemberus-gaap:FairValueInputsLevel1Member2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignExchangeContractMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ForeignExchangeContractMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMemberus-gaap:FairValueInputsLevel1Member2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:ForeignExchangeContractMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:ForeignExchangeContractMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:ForeignExchangeContractMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherContractMemberus-gaap:FairValueInputsLevel1Member2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:OtherContractMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherContractMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherContractMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherContractMemberus-gaap:FairValueInputsLevel1Member2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Memberus-gaap:OtherContractMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Memberus-gaap:OtherContractMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:OtherContractMember2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMember2022-04-300001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2021-10-310001645590us-gaap:FairValueMeasurementsRecurringMember2021-10-310001645590us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-04-300001645590us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-10-310001645590us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-04-300001645590us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-10-310001645590hpe:InterestandOtherNetMember2021-11-012022-04-300001645590hpe:InterestandOtherNetMember2022-02-012022-04-300001645590us-gaap:FairValueInputsLevel3Member2021-02-012021-04-300001645590us-gaap:FairValueInputsLevel3Member2020-11-012021-04-300001645590us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:BankTimeDepositsMember2022-04-300001645590us-gaap:BankTimeDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-04-300001645590us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:BankTimeDepositsMember2021-10-310001645590us-gaap:BankTimeDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-10-310001645590us-gaap:MoneyMarketFundsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-04-300001645590us-gaap:MoneyMarketFundsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-04-300001645590us-gaap:MoneyMarketFundsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-10-310001645590us-gaap:MoneyMarketFundsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-10-310001645590us-gaap:BankTimeDepositsMember2022-04-300001645590us-gaap:BankTimeDepositsMember2021-10-310001645590us-gaap:ForeignGovernmentDebtMember2022-04-300001645590us-gaap:ForeignGovernmentDebtMember2021-10-310001645590us-gaap:OtherDebtSecuritiesMember2022-04-300001645590us-gaap:OtherDebtSecuritiesMember2021-10-310001645590us-gaap:DebtSecuritiesMember2022-04-300001645590us-gaap:DebtSecuritiesMember2021-10-310001645590hpe:EquitySecuritiesInPrivatelyHeldCompaniesMemberhpe:AlternativeInvestmentMeasurementAlternativeMember2022-04-300001645590hpe:EquitySecuritiesInPrivatelyHeldCompaniesMemberhpe:AlternativeInvestmentMeasurementAlternativeMember2021-10-310001645590hpe:EquitySecuritiesInPrivatelyHeldCompaniesMemberhpe:AlternativeInvestmentMeasurementAlternativeMember2020-11-012021-04-300001645590hpe:EquitySecuritiesInPrivatelyHeldCompaniesMemberhpe:AlternativeInvestmentMeasurementAlternativeMember2021-02-012021-04-300001645590hpe:EquitySecuritiesInPrivatelyHeldCompaniesMemberhpe:AlternativeInvestmentFairValueMeasurementMember2022-04-300001645590hpe:EquitySecuritiesInPrivatelyHeldCompaniesMemberhpe:AlternativeInvestmentFairValueMeasurementMember2021-10-310001645590hpe:EquitySecuritiesInPrivatelyHeldCompaniesMemberhpe:AlternativeInvestmentFairValueMeasurementMember2022-02-012022-04-300001645590hpe:EquitySecuritiesInPrivatelyHeldCompaniesMemberhpe:AlternativeInvestmentFairValueMeasurementMember2021-11-012022-04-300001645590hpe:EquitySecuritiesInPrivatelyHeldCompaniesMemberhpe:AlternativeInvestmentFairValueMeasurementMember2020-11-012021-04-300001645590hpe:EquitySecuritiesInPrivatelyHeldCompaniesMemberhpe:AlternativeInvestmentFairValueMeasurementMember2021-02-012021-04-300001645590us-gaap:OtherNoncurrentAssetsMember2022-02-012022-04-300001645590us-gaap:OtherNoncurrentAssetsMember2021-11-012022-04-300001645590hpe:AlternativeInvestmentFairValueMeasurementMember2022-04-300001645590hpe:AlternativeInvestmentFairValueMeasurementMember2021-10-310001645590us-gaap:FairValueHedgingMemberus-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-04-300001645590us-gaap:FairValueHedgingMemberus-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherCurrentAssetsMember2022-04-300001645590us-gaap:FairValueHedgingMemberus-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherNoncurrentAssetsMember2022-04-300001645590us-gaap:FairValueHedgingMemberus-gaap:OtherCurrentLiabilitiesMemberus-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-04-300001645590us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:FairValueHedgingMemberus-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-04-300001645590us-gaap:FairValueHedgingMemberus-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-310001645590us-gaap:FairValueHedgingMemberus-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherCurrentAssetsMember2021-10-310001645590us-gaap:FairValueHedgingMemberus-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherNoncurrentAssetsMember2021-10-310001645590us-gaap:FairValueHedgingMemberus-gaap:OtherCurrentLiabilitiesMemberus-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-310001645590us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:FairValueHedgingMemberus-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-310001645590us-gaap:CashFlowHedgingMemberus-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-04-300001645590us-gaap:CashFlowHedgingMemberus-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherCurrentAssetsMember2022-04-300001645590us-gaap:CashFlowHedgingMemberus-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherNoncurrentAssetsMember2022-04-300001645590us-gaap:OtherCurrentLiabilitiesMemberus-gaap:CashFlowHedgingMemberus-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-04-300001645590us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:CashFlowHedgingMemberus-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-04-300001645590us-gaap:CashFlowHedgingMemberus-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-310001645590us-gaap:CashFlowHedgingMemberus-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherCurrentAssetsMember2021-10-310001645590us-gaap:CashFlowHedgingMemberus-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherNoncurrentAssetsMember2021-10-310001645590us-gaap:OtherCurrentLiabilitiesMemberus-gaap:CashFlowHedgingMemberus-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-310001645590us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:CashFlowHedgingMemberus-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-310001645590us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMember2022-04-300001645590us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMemberus-gaap:OtherCurrentAssetsMember2022-04-300001645590us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMemberus-gaap:OtherNoncurrentAssetsMember2022-04-300001645590us-gaap:OtherCurrentLiabilitiesMemberus-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMember2022-04-300001645590us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMember2022-04-300001645590us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMember2021-10-310001645590us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMemberus-gaap:OtherCurrentAssetsMember2021-10-310001645590us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMemberus-gaap:OtherNoncurrentAssetsMember2021-10-310001645590us-gaap:OtherCurrentLiabilitiesMemberus-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMember2021-10-310001645590us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMember2021-10-310001645590us-gaap:DesignatedAsHedgingInstrumentMember2022-04-300001645590us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherCurrentAssetsMember2022-04-300001645590us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherNoncurrentAssetsMember2022-04-300001645590us-gaap:OtherCurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-04-300001645590us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-04-300001645590us-gaap:DesignatedAsHedgingInstrumentMember2021-10-310001645590us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherCurrentAssetsMember2021-10-310001645590us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherNoncurrentAssetsMember2021-10-310001645590us-gaap:OtherCurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-310001645590us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-10-310001645590us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2022-04-300001645590us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMemberus-gaap:OtherCurrentAssetsMember2022-04-300001645590us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMemberus-gaap:OtherNoncurrentAssetsMember2022-04-300001645590us-gaap:OtherCurrentLiabilitiesMemberus-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2022-04-300001645590us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2022-04-300001645590us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2021-10-310001645590us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMemberus-gaap:OtherCurrentAssetsMember2021-10-310001645590us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMemberus-gaap:OtherNoncurrentAssetsMember2021-10-310001645590us-gaap:OtherCurrentLiabilitiesMemberus-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2021-10-310001645590us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2021-10-310001645590us-gaap:OtherContractMemberus-gaap:NondesignatedMember2022-04-300001645590us-gaap:OtherContractMemberus-gaap:NondesignatedMemberus-gaap:OtherCurrentAssetsMember2022-04-300001645590us-gaap:OtherContractMemberus-gaap:NondesignatedMemberus-gaap:OtherNoncurrentAssetsMember2022-04-300001645590us-gaap:OtherCurrentLiabilitiesMemberus-gaap:OtherContractMemberus-gaap:NondesignatedMember2022-04-300001645590us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:OtherContractMemberus-gaap:NondesignatedMember2022-04-300001645590us-gaap:OtherContractMemberus-gaap:NondesignatedMember2021-10-310001645590us-gaap:OtherContractMemberus-gaap:NondesignatedMemberus-gaap:OtherCurrentAssetsMember2021-10-310001645590us-gaap:OtherContractMemberus-gaap:NondesignatedMemberus-gaap:OtherNoncurrentAssetsMember2021-10-310001645590us-gaap:OtherCurrentLiabilitiesMemberus-gaap:OtherContractMemberus-gaap:NondesignatedMember2021-10-310001645590us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:OtherContractMemberus-gaap:NondesignatedMember2021-10-310001645590us-gaap:NondesignatedMember2022-04-300001645590us-gaap:NondesignatedMemberus-gaap:OtherCurrentAssetsMember2022-04-300001645590us-gaap:NondesignatedMemberus-gaap:OtherNoncurrentAssetsMember2022-04-300001645590us-gaap:OtherCurrentLiabilitiesMemberus-gaap:NondesignatedMember2022-04-300001645590us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:NondesignatedMember2022-04-300001645590us-gaap:NondesignatedMember2021-10-310001645590us-gaap:NondesignatedMemberus-gaap:OtherCurrentAssetsMember2021-10-310001645590us-gaap:NondesignatedMemberus-gaap:OtherNoncurrentAssetsMember2021-10-310001645590us-gaap:OtherCurrentLiabilitiesMemberus-gaap:NondesignatedMember2021-10-310001645590us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:NondesignatedMember2021-10-310001645590us-gaap:OtherCurrentAssetsMember2022-04-300001645590us-gaap:OtherNoncurrentAssetsMember2022-04-300001645590us-gaap:OtherCurrentLiabilitiesMember2022-04-300001645590us-gaap:OtherNoncurrentLiabilitiesMember2022-04-300001645590us-gaap:OtherCurrentAssetsMember2021-10-310001645590us-gaap:OtherNoncurrentAssetsMember2021-10-310001645590us-gaap:OtherCurrentLiabilitiesMember2021-10-310001645590us-gaap:OtherNoncurrentLiabilitiesMember2021-10-31hpe:businessDay0001645590hpe:LongtermDebtandLeaseObligationMember2022-04-300001645590hpe:LongtermDebtandLeaseObligationMember2021-10-310001645590us-gaap:ForeignExchangeContractMember2022-02-012022-04-300001645590us-gaap:ForeignExchangeContractMember2021-02-012021-04-300001645590us-gaap:ForeignExchangeContractMember2021-11-012022-04-300001645590us-gaap:ForeignExchangeContractMember2020-11-012021-04-300001645590us-gaap:InterestRateContractMemberhpe:RevenuesMember2022-02-012022-04-300001645590us-gaap:InterestRateContractMemberus-gaap:NonoperatingIncomeExpenseMember2022-02-012022-04-300001645590us-gaap:InterestRateContractMemberhpe:RevenuesMember2021-02-012021-04-300001645590us-gaap:InterestRateContractMemberus-gaap:NonoperatingIncomeExpenseMember2021-02-012021-04-300001645590us-gaap:InterestRateContractMemberhpe:RevenuesMember2021-11-012022-04-300001645590us-gaap:InterestRateContractMemberus-gaap:NonoperatingIncomeExpenseMember2021-11-012022-04-300001645590us-gaap:InterestRateContractMemberhpe:RevenuesMember2020-11-012021-04-300001645590us-gaap:InterestRateContractMemberus-gaap:NonoperatingIncomeExpenseMember2020-11-012021-04-300001645590us-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberhpe:RevenuesMember2022-02-012022-04-300001645590us-gaap:InterestRateContractMemberus-gaap:NonoperatingIncomeExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-02-012022-04-300001645590us-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberhpe:RevenuesMember2021-02-012021-04-300001645590us-gaap:InterestRateContractMemberus-gaap:NonoperatingIncomeExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-02-012021-04-300001645590us-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberhpe:RevenuesMember2021-11-012022-04-300001645590us-gaap:InterestRateContractMemberus-gaap:NonoperatingIncomeExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-11-012022-04-300001645590us-gaap:InterestRateContractMemberus-gaap:DesignatedAsHedgingInstrumentMemberhpe:RevenuesMember2020-11-012021-04-300001645590us-gaap:InterestRateContractMemberus-gaap:NonoperatingIncomeExpenseMemberus-gaap:DesignatedAsHedgingInstrumentMember2020-11-012021-04-300001645590us-gaap:ForeignExchangeContractMemberhpe:RevenuesMember2022-02-012022-04-300001645590us-gaap:ForeignExchangeContractMemberus-gaap:NonoperatingIncomeExpenseMember2022-02-012022-04-300001645590us-gaap:ForeignExchangeContractMemberhpe:RevenuesMember2021-02-012021-04-300001645590us-gaap:ForeignExchangeContractMemberus-gaap:NonoperatingIncomeExpenseMember2021-02-012021-04-300001645590us-gaap:ForeignExchangeContractMemberhpe:RevenuesMember2021-11-012022-04-300001645590us-gaap:ForeignExchangeContractMemberus-gaap:NonoperatingIncomeExpenseMember2021-11-012022-04-300001645590us-gaap:ForeignExchangeContractMemberhpe:RevenuesMember2020-11-012021-04-300001645590us-gaap:ForeignExchangeContractMemberus-gaap:NonoperatingIncomeExpenseMember2020-11-012021-04-300001645590us-gaap:OtherContractMemberhpe:RevenuesMember2022-02-012022-04-300001645590us-gaap:OtherContractMemberus-gaap:NonoperatingIncomeExpenseMember2022-02-012022-04-300001645590us-gaap:OtherContractMemberhpe:RevenuesMember2021-02-012021-04-300001645590us-gaap:OtherContractMemberus-gaap:NonoperatingIncomeExpenseMember2021-02-012021-04-300001645590us-gaap:OtherContractMemberhpe:RevenuesMember2021-11-012022-04-300001645590us-gaap:OtherContractMemberus-gaap:NonoperatingIncomeExpenseMember2021-11-012022-04-300001645590us-gaap:OtherContractMemberhpe:RevenuesMember2020-11-012021-04-300001645590us-gaap:OtherContractMemberus-gaap:NonoperatingIncomeExpenseMember2020-11-012021-04-300001645590hpe:RevenuesMember2022-02-012022-04-300001645590us-gaap:NonoperatingIncomeExpenseMember2022-02-012022-04-300001645590hpe:RevenuesMember2021-02-012021-04-300001645590us-gaap:NonoperatingIncomeExpenseMember2021-02-012021-04-300001645590hpe:RevenuesMember2021-11-012022-04-300001645590us-gaap:NonoperatingIncomeExpenseMember2021-11-012022-04-300001645590hpe:RevenuesMember2020-11-012021-04-300001645590us-gaap:NonoperatingIncomeExpenseMember2020-11-012021-04-300001645590us-gaap:AssetBackedSecuritiesMember2022-04-300001645590us-gaap:CommercialPaperMember2022-04-30hpe:program0001645590hpe:EuroCommercialPaperProgramMemberus-gaap:CommercialPaperMember2022-04-300001645590hpe:EuroCommercialPaperCertificateofDepositProgrammeMemberus-gaap:CommercialPaperMember2022-04-300001645590us-gaap:CommercialPaperMember2021-10-310001645590hpe:EuroCommercialPaperCertificateofDepositProgrammeMemberhpe:HewlettPackardEnterpriseMemberus-gaap:CommercialPaperMember2022-04-300001645590hpe:EuroCommercialPaperCertificateofDepositProgrammeMemberhpe:HewlettPackardEnterpriseMemberus-gaap:CommercialPaperMember2021-10-310001645590hpe:UnsecuredRevolvingCreditFacilityMember2021-12-310001645590hpe:UnsecuredRevolvingCreditFacilityMember2021-12-012021-12-310001645590hpe:UnsecuredRevolvingCreditFacilityMember2021-10-310001645590hpe:UnsecuredRevolvingCreditFacilityMember2022-04-300001645590us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-10-310001645590us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2021-10-310001645590us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-10-310001645590us-gaap:AccumulatedTranslationAdjustmentMember2021-10-310001645590us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-11-012022-04-300001645590us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2021-11-012022-04-300001645590us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-11-012022-04-300001645590us-gaap:AccumulatedTranslationAdjustmentMember2021-11-012022-04-300001645590us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-04-300001645590us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2022-04-300001645590us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2022-04-300001645590us-gaap:AccumulatedTranslationAdjustmentMember2022-04-300001645590us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-10-310001645590us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2020-10-310001645590us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-10-310001645590us-gaap:AccumulatedTranslationAdjustmentMember2020-10-310001645590us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2020-11-012021-04-300001645590us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2020-11-012021-04-300001645590us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2020-11-012021-04-300001645590us-gaap:AccumulatedTranslationAdjustmentMember2020-11-012021-04-300001645590us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2021-04-300001645590us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember2021-04-300001645590us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember2021-04-300001645590us-gaap:AccumulatedTranslationAdjustmentMember2021-04-300001645590hpe:ShareRepurchaseProgramMember2021-11-012022-04-300001645590hpe:ShareRepurchaseProgramMember2020-11-012021-10-310001645590hpe:AcceleratedShareRepurchaseAgreementMember2021-11-012022-04-300001645590hpe:IndiaDirectorateOfRevenueIntelligenceProceedingsMember2010-04-302010-05-10hpe:employee00016455902010-04-302010-05-100001645590hpe:IndiaDirectorateOfRevenueIntelligenceProceedingsMember2010-04-292010-04-290001645590hpe:BangaloreCommissionerOfCustomsMember2012-04-110001645590hpe:BangaloreCommissionerOfCustomsMember2012-12-112012-12-110001645590hpe:BangaloreCommissionerOfCustomsMember2012-04-200001645590hpe:BangaloreCommissionerOfCustomsMember2012-04-212012-04-210001645590hpe:BangaloreCommissionerOfCustomsMember2013-01-242013-01-240001645590hpe:ECTMember2006-11-012008-10-31hpe:contract0001645590hpe:ECTMember2011-07-012011-07-310001645590srt:MaximumMemberhpe:ECTMember2021-11-012022-04-300001645590srt:MinimumMemberhpe:ECTMember2021-11-012022-04-300001645590hpe:Forsythetal.vsHPInc.andHewlettPackardEnterpriseMembersrt:MinimumMember2016-12-192016-12-190001645590hpe:OracleMemberus-gaap:JudicialRulingMember2011-06-15hpe:phase0001645590hpe:OracleMemberus-gaap:JudicialRulingMember2016-06-302016-06-300001645590us-gaap:JudicialRulingMemberhpe:OraclePastLostProfitsMember2016-06-302016-06-300001645590hpe:OracleFutureLostProfitsMemberus-gaap:JudicialRulingMember2016-06-302016-06-300001645590hpe:OracleMemberhpe:RenewedJudgementMember2019-05-162019-05-160001645590hpe:OracleMemberus-gaap:SettledLitigationMember2021-10-122021-10-120001645590hpe:OracleMemberus-gaap:SettledLitigationMember2020-11-012021-10-310001645590hpe:Q3NetworkingLitigationMember2020-09-212020-09-22hpe:patent
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________________________________________________
FORM 10-Q
| | | | | | | | |
(Mark One) | | |
☒ | | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
| | | | | |
For the quarterly period ended: | April 30, 2022 |
|
Or |
| | | | | | | | |
☐ | | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to |
| | | | | |
Commission file number | 001-37483 |
______________________________________________________________________________
HEWLETT PACKARD ENTERPRISE COMPANY
(Exact name of registrant as specified in its charter)
| | | | | | | | |
Delaware | | 47-3298624 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. employer identification no.) |
| | | | | | | | | | | | | | |
1701 East Mossy Oaks Road, | Spring, | Texas | | 77389 |
(Address of principal executive offices) | | (Zip code) |
(678) | 259-9860 |
(Registrant's telephone number, including area code) |
11445 Compaq Center West Drive, | Houston, | Texas | | 77070 |
(Former address) |
______________________________________________________________________________ | | | | | | | | | | | | | | |
Securities registered pursuant to Section 12(b) of the Exchange Act: |
Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
Common stock, par value $0.01 per share | | HPE | | New York Stock Exchange |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer", "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.
| | | | | | | | | | | | | | |
Large accelerated filer | ☒ | | Accelerated filer | ☐ |
Non-accelerated filer | ☐ | | Smaller reporting company | ☐ |
| | | Emerging growth company | ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
The number of shares of Hewlett Packard Enterprise Company common stock outstanding as of May 30, 2022 was 1,299,330,455 shares, par value $0.01.
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
Form 10-Q
For the Quarterly Period Ended April 30, 2022
Forward-Looking Statements
This Quarterly Report on Form 10-Q, including "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Item 2 of Part I, contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties, and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of Hewlett Packard Enterprise Company and its consolidated subsidiaries ("Hewlett Packard Enterprise") may differ materially from those expressed or implied by such forward-looking statements and assumptions. The words "believe", "expect", "anticipate", "optimistic", "intend", "aim", "will", "should" and similar expressions are intended to identify such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the scope and duration of the novel coronavirus pandemic ("COVID-19"), our actions in response thereto, and its and their impacts on our business, operations, liquidity and capital resources, employees, customers, partners, supply chain, financial results, and the world economy; any projections of revenue, margins, expenses, investments, effective tax rates, interest rates, the impact of tax law changes and related guidance and regulations, net earnings, net earnings per share, cash flows, liquidity and capital resources, inventory, goodwill, impairment charges, hedges and derivatives and related offsets, order backlog, benefit plan funding, deferred tax assets, share repurchases, currency exchange rates, repayments of debts including our asset-backed debt securities, or other financial items; any projections of the amount, execution, timing, and results of any transformation or impact of cost savings, restructuring plans, including estimates and assumptions related to the anticipated benefits, cost savings, or charges of implementing transformation and restructuring plans; any statements of the plans, strategies, and objectives of management for future operations, as well as the execution of corporate transactions or contemplated acquisitions, research and development expenditures, and any resulting benefit, cost savings, charges, or revenue or profitability improvements; any statements concerning the expected development, performance, market share, or competitive performance relating to products or services; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on Hewlett Packard Enterprise and its financial performance; any statements regarding pending investigations, claims, or disputes; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties, and assumptions include the need to address the many challenges facing Hewlett Packard Enterprise's businesses; the competitive pressures faced by Hewlett Packard Enterprise's businesses; risks associated with executing Hewlett Packard Enterprise's strategy; the impact of macroeconomic and geopolitical trends and events, including but not limited to supply chain constraints and the ongoing conflict between Russia and Ukraine; the need to effectively manage third-party suppliers, distribute Hewlett Packard Enterprise's products, and deliver Hewlett Packard Enterprise's services; the protection of Hewlett Packard Enterprise's intellectual property assets, including intellectual property licensed from third parties and intellectual property shared with its former parent; risks associated with Hewlett Packard Enterprise's international operations (including pandemics and public health problems, such as the outbreak of COVID-19); the development of and transition to new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by Hewlett Packard Enterprise and its suppliers, customers, clients, and partners, including any impact thereon resulting from events such as the COVID-19 pandemic; the hiring and retention of key employees; the execution, integration, and other risks associated with business combination and investment transactions; the impact of changes to environmental, global trade, and other governmental regulations; changes in our product, lease, intellectual property, or real estate portfolio; the payment or non-payment of a dividend for any period; the efficacy of using non-GAAP, rather than GAAP, financial measures in business projections and planning; the judgments required in connection with determining revenue recognition; impact of company policies and related compliance; utility of segment realignments; allowances for recovery of receivables and warranty obligations; provisions for, and resolution of, pending investigations, claims, and disputes; and other risks that are described herein, including but not limited to the items discussed in "Risk Factors" in Item 1A of Part II of this Quarterly Report on Form 10-Q and that are otherwise described or updated from time to time in Hewlett Packard Enterprise's reports filed with the Securities and Exchange Commission. Hewlett Packard Enterprise assumes no obligation and does not intend to update these forward-looking statements, except as required by applicable law.
Part I. FINANCIAL INFORMATION
Item 1. Financial Statements
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
Condensed Consolidated Statements of Earnings
(Unaudited) | | | | | | | | | | | | | | | | | | | | | | | |
| For the three months ended April 30, | | For the six months ended April 30, |
| 2022 | | 2021 | | 2022 | | 2021 |
| In millions, except per share amounts |
Net revenue: | | | | | | | |
Products | $ | 4,040 | | | $ | 3,997 | | | $ | 8,283 | | | $ | 8,135 | |
Services | 2,551 | | | 2,579 | | | 5,147 | | | 5,152 | |
Financing income | 122 | | | 124 | | | 244 | | | 246 | |
Total net revenue | 6,713 | | | 6,700 | | | 13,674 | | | 13,533 | |
Costs and expenses: | | | | | | | |
Cost of products | 2,834 | | | 2,769 | | | 5,850 | | | 5,659 | |
Cost of services | 1,558 | | | 1,590 | | | 3,113 | | | 3,186 | |
Financing cost(1) | 148 | | | 54 | | | 194 | | | 113 | |
Research and development | 517 | | | 503 | | | 1,021 | | | 971 | |
Selling, general and administrative | 1,249 | | | 1,199 | | | 2,450 | | | 2,358 | |
Amortization of intangible assets | 74 | | | 84 | | | 147 | | | 194 | |
| | | | | | | |
Transformation costs | 98 | | | 209 | | | 209 | | | 520 | |
Disaster charges | 20 | | | 1 | | | 19 | | | 1 | |
Acquisition, disposition and other related charges | 8 | | | 13 | | | 16 | | | 31 | |
Total costs and expenses | 6,506 | | | 6,422 | | | 13,019 | | | 13,033 | |
Earnings from operations | 207 | | | 278 | | | 655 | | | 500 | |
Interest and other, net | — | | | (11) | | | (5) | | | (55) | |
Tax indemnification and related adjustments | — | | | — | | | (17) | | | (16) | |
Non-service net periodic benefit credit | 36 | | | 17 | | | 72 | | | 34 | |
Earnings from equity interests | 33 | | | 4 | | | 64 | | | 30 | |
Earnings before provision for taxes | 276 | | | 288 | | | 769 | | | 493 | |
Provision for taxes | (26) | | | (29) | | | (6) | | | (11) | |
Net earnings | $ | 250 | | | $ | 259 | | | $ | 763 | | | $ | 482 | |
Net earnings per share: | | | | | | | |
Basic | $ | 0.19 | | | $ | 0.20 | | | $ | 0.58 | | | $ | 0.37 | |
Diluted | $ | 0.19 | | | $ | 0.19 | | | $ | 0.57 | | | $ | 0.36 | |
| | | | | | | |
Weighted-average shares used to compute net earnings per share: | | | | | | | |
Basic | 1,307 | | | 1,309 | | | 1,306 | | | 1,304 | |
Diluted | 1,329 | | | 1,331 | | | 1,327 | | | 1,323 | |
(1) The three and six months ended April 30, 2022 include $99 million of expected credit loss reserves. Refer to Note 1, "Overview and Summary of Significant Accounting Policies", for further information.
The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
Condensed Consolidated Statements of Comprehensive Income
(Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | |
| For the three months ended April 30, | | For the six months ended April 30, |
| 2022 | | 2021 | | 2022 | | 2021 |
| In millions |
Net earnings | $ | 250 | | | $ | 259 | | | $ | 763 | | | $ | 482 | |
Other comprehensive income before taxes: | | | | | | | |
Change in net unrealized gains (losses) on available-for-sale securities: | | | | | | | |
Net unrealized gains (losses) arising during the period | (7) | | | (5) | | | (8) | | | (2) | |
| | | | | | | |
| (7) | | | (5) | | | (8) | | | (2) | |
Change in net unrealized gains (losses) on cash flow hedges: | | | | | | | |
Net unrealized gains (losses) arising during the period | 345 | | | 45 | | | 560 | | | (284) | |
Net (gains) losses reclassified into earnings | (264) | | | 20 | | | (465) | | | 298 | |
| 81 | | | 65 | | | 95 | | | 14 | |
Change in unrealized components of defined benefit plans: | | | | | | | |
Net unrealized gains (losses) arising during the period | — | | | 23 | | | 6 | | | 23 | |
Amortization of net actuarial loss and prior service benefit | 40 | | | 71 | | | 81 | | | 142 | |
Curtailments, settlements and other | 1 | | | 1 | | | 2 | | | 2 | |
| 41 | | | 95 | | | 89 | | | 167 | |
Change in cumulative translation adjustment | (25) | | | (3) | | | (36) | | | 18 | |
Other comprehensive income before taxes | 90 | | | 152 | | | 140 | | | 197 | |
Provision for taxes | (21) | | | (18) | | | (34) | | | (20) | |
Other comprehensive income, net of taxes | 69 | | | 134 | | | 106 | | | 177 | |
Comprehensive income | $ | 319 | | | $ | 393 | | | $ | 869 | | | $ | 659 | |
The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
Condensed Consolidated Balance Sheets | | | | | | | | | | | |
| As of |
| April 30, 2022 | | October 31, 2021 |
| (Unaudited) | | (Audited) |
| In millions, except par value |
ASSETS | | | |
Current assets: | | | |
Cash and cash equivalents | $ | 3,027 | | | $ | 3,996 | |
Accounts receivable, net of allowances | 3,122 | | | 3,979 | |
Financing receivables, net of allowances | 3,655 | | | 3,932 | |
Inventory | 5,322 | | | 4,511 | |
| | | |
Other current assets | 3,046 | | | 2,460 | |
Total current assets | 18,172 | | | 18,878 | |
Property, plant and equipment | 5,508 | | | 5,613 | |
Long-term financing receivables and other assets | 11,198 | | | 11,670 | |
Investments in equity interests | 2,262 | | | 2,210 | |
Goodwill | 18,306 | | | 18,306 | |
Intangible assets | 878 | | | 1,022 | |
Total assets | $ | 56,324 | | | $ | 57,699 | |
LIABILITIES AND STOCKHOLDERS' EQUITY | | | |
Current liabilities: | | | |
Notes payable and short-term borrowings | $ | 4,596 | | | $ | 3,552 | |
Accounts payable | 5,671 | | | 7,004 | |
Employee compensation and benefits | 1,198 | | | 1,778 | |
Taxes on earnings | 153 | | | 169 | |
Deferred revenue | 3,448 | | | 3,408 | |
Accrued restructuring | 183 | | | 290 | |
Other accrued liabilities | 4,941 | | | 4,486 | |
Total current liabilities | 20,190 | | | 20,687 | |
Long-term debt | 8,905 | | | 9,896 | |
Other non-current liabilities | 6,647 | | | 7,099 | |
Commitments and contingencies | | | |
Stockholders' equity | | | |
HPE stockholders' equity: | | | |
| | | |
Common stock, $0.01 par value (9,600 shares authorized; 1,299 and 1,295 shares issued and outstanding at April 30, 2022 and October 31, 2021, respectively) | 13 | | | 13 | |
Additional paid-in capital | 28,473 | | | 28,470 | |
Accumulated deficit | (5,145) | | | (5,597) | |
Accumulated other comprehensive loss | (2,809) | | | (2,915) | |
Total HPE stockholders' equity | 20,532 | | | 19,971 | |
Non-controlling interests | 50 | | | 46 | |
Total stockholders' equity | 20,582 | | | 20,017 | |
Total liabilities and stockholders' equity | $ | 56,324 | | | $ | 57,699 | |
The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows (Unaudited) | | | | | | | | | | | |
| For the six months ended April 30, |
| 2022 | | 2021 |
| In millions |
Cash flows from operating activities: | | | |
Net earnings | $ | 763 | | | $ | 482 | |
Adjustments to reconcile net earnings to net cash provided by operating activities: | | | |
Depreciation and amortization | 1,242 | | | 1,313 | |
| | | |
Stock-based compensation expense | 242 | | | 218 | |
Provision for inventory and doubtful accounts | 213 | | | 98 | |
Restructuring charges | 68 | | | 366 | |
Deferred taxes on earnings | (54) | | | (95) | |
Earnings from equity interests | (64) | | | (30) | |
| | | |
Other, net | (46) | | | 62 | |
Changes in operating assets and liabilities, net of acquisitions: | | | |
Accounts receivable | 817 | | | 432 | |
Financing receivables | 470 | | | (104) | |
Inventory | (861) | | | (497) | |
Accounts payable | (1,323) | | | 164 | |
Taxes on earnings | 35 | | | (30) | |
Restructuring | (197) | | | (324) | |
Other assets and liabilities | (1,002) | | | (270) | |
Net cash provided by operating activities | 303 | | | 1,785 | |
Cash flows from investing activities: | | | |
Investment in property, plant and equipment | (1,349) | | | (1,048) | |
Proceeds from sale of property, plant and equipment | 258 | | | 194 | |
Purchases of investments | (40) | | | (19) | |
Proceeds from maturities and sales of investments | 72 | | | 10 | |
Financial collateral posted | (40) | | | (631) | |
Financial collateral received | 272 | | | 297 | |
Payments made in connection with business acquisitions, net of cash acquired | — | | | (34) | |
Net cash used in investing activities | (827) | | | (1,231) | |
Cash flows from financing activities: | | | |
Short-term borrowings with original maturities less than 90 days, net | 56 | | | 39 | |
Proceeds from debt, net of issuance costs | 1,582 | | | 1,632 | |
Payment of debt | (1,340) | | | (1,744) | |
Payments related to stock-based award activities, net | (60) | | | (27) | |
Repurchase of common stock | (187) | | | — | |
Cash dividends paid to non-controlling interests | — | | | (8) | |
| | | |
Cash dividends paid to shareholders | (311) | | | (311) | |
Net cash used in financing activities | (260) | | | (419) | |
(Decrease) increase in cash, cash equivalents and restricted cash | (784) | | | 135 | |
Cash, cash equivalents and restricted cash at beginning of period | 4,332 | | | 4,621 | |
Cash, cash equivalents and restricted cash at end of period | $ | 3,548 | | | $ | 4,756 | |
The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
Condensed Consolidated Statements of Stockholders' Equity (Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Common Stock | | | | | | | | | | | | |
For the three months ended April 30, 2022 | Number of Shares | | Par Value | | Additional Paid-in Capital | | Accumulated Deficit | | Accumulated Other Comprehensive Loss | | Equity Attributable to the Company | | Non- controlling Interests | | Total Equity |
| In millions, except number of shares in thousands |
Balance at January 31, 2022 | 1,300,259 | | | $ | 13 | | | $ | 28,422 | | | $ | (5,239) | | | $ | (2,878) | | | $ | 20,318 | | | $ | 47 | | | $ | 20,365 | |
Net earnings | | | | | | | 250 | | | | | 250 | | | 3 | | | 253 | |
Other comprehensive income | | | | | | | | | 69 | | | 69 | | | | | 69 | |
Comprehensive income | | | | | | | | | | | 319 | | | 3 | | | 322 | |
Stock-based compensation expense | | | | | 114 | | | | | | | 114 | | | | | 114 | |
Tax withholding related to vesting of employee stock plans | | | | | (8) | | | | | | | (8) | | | | | (8) | |
Issuance of common stock in connection with employee stock plans and other | 2,195 | | | | | 3 | | | | | | | 3 | | | | | 3 | |
Repurchases of common stock | (3,530) | | | | | (58) | | | | | | | (58) | | | | | (58) | |
Cash dividends declared ($0.12 per share) | | | | | | | (156) | | | | | (156) | | | | | (156) | |
| | | | | | | | | | | | | | | |
Balance at April 30, 2022 | 1,298,924 | | | $ | 13 | | | $ | 28,473 | | | $ | (5,145) | | | $ | (2,809) | | | $ | 20,532 | | | $ | 50 | | | $ | 20,582 | |
) Represents the impact of the adoption of the accounting standard on the s on financial instruments. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Common Stock | | | | | | | | | | | | |
For the six months ended April 30, 2022 | Number of Shares | | Par Value | | Additional Paid-in Capital | | Accumulated Deficit | | Accumulated Other Comprehensive Loss | | Equity Attributable to the Company | | Non- controlling Interests | | Total Equity |
| In millions, except number of shares in thousands |
Balance at October 31, 2021 | 1,294,634 | | | $ | 13 | | | $ | 28,470 | | | $ | (5,597) | | | $ | (2,915) | | | $ | 19,971 | | | $ | 46 | | | $ | 20,017 | |
Net earnings | | | | | | | 763 | | | | | 763 | | | 4 | | | 767 | |
Other comprehensive income | | | | | | | | | 106 | | | 106 | | | | | 106 | |
Comprehensive income | | | | | | | | | | | 869 | | | 4 | | | 873 | |
Stock-based compensation expense | | | | | 242 | | | | | | | 242 | | | | | 242 | |
Tax withholding related to vesting of employee stock plans | | | | | (90) | | | | | | | (90) | | | | | (90) | |
Issuance of common stock in connection with employee stock plans and other | 15,644 | | | | | 29 | | | | | | | 29 | | | | | 29 | |
Repurchases of common stock | (11,354) | | | | | (178) | | | | | | | (178) | | | | | (178) | |
Cash dividends declared ($0.24 per share) | | | | | | | (311) | | | | | (311) | | | | | (311) | |
| | | | | | | | | | | | | | | |
Balance at April 30, 2022 | 1,298,924 | | | $ | 13 | | | $ | 28,473 | | | $ | (5,145) | | | $ | (2,809) | | | $ | 20,532 | | | $ | 50 | | | $ | 20,582 | |
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
Condensed Consolidated Statements of Stockholders' Equity (Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Common Stock | | | | | | | | | | | | |
For the three months ended April 30, 2021 | Number of Shares | | Par Value | | Additional Paid-in Capital | | Accumulated Deficit | | Accumulated Other Comprehensive Loss | | Equity Attributable to the Company | | Non- controlling Interests | | Total Equity |
| In millions, except number of shares in thousands |
Balance at January 31, 2021 | 1,300,496 | | | $ | 13 | | | $ | 28,427 | | | $ | (8,332) | | | $ | (3,896) | | | $ | 16,212 | | | $ | 47 | | | $ | 16,259 | |
Net earnings | | | | | | | 259 | | | | | 259 | | | 4 | | | 263 | |
Other comprehensive income | | | | | | | | | 134 | | | 134 | | | | | 134 | |
Comprehensive income | | | | | | | | | | | 393 | | | 4 | | | 397 | |
Stock-based compensation expense | | | | | 105 | | | | | | | 105 | | | | | 105 | |
Tax withholding related to vesting of employee stock plans | | | | | (4) | | | | | | | (4) | | | | | (4) | |
Issuance of common stock in connection with employee stock plans and other | 3,642 | | | | | 10 | | | | | | | 10 | | | | | 10 | |
| | | | | | | | | | | | | | | |
Cash dividends declared ($0.12 per share) | | | | | | | (156) | | | | | (156) | | | | | (156) | |
| | | | | | | | | | | | | | | |
Balance at April 30, 2021 | 1,304,138 | | | $ | 13 | | | $ | 28,538 | | | $ | (8,229) | | | $ | (3,762) | | | $ | 16,560 | | | $ | 51 | | | $ | 16,611 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Common Stock | | | | | | | | | | | | |
For the six months ended April 30, 2021 | Number of Shares | | Par Value | | Additional Paid-in Capital | | Accumulated Deficit | | Accumulated Other Comprehensive Loss | | Equity Attributable to the Company | | Non- controlling Interests | | Total Equity |
| In millions, except number of shares in thousands |
Balance at October 31, 2020 | 1,287,010 | | | $ | 13 | | | $ | 28,350 | | | $ | (8,375) | | | $ | (3,939) | | | $ | 16,049 | | | $ | 47 | | | $ | 16,096 | |
Net earnings | | | | | | | 482 | | | | | 482 | | | 4 | | | 486 | |
Other comprehensive income | | | | | | | | | 177 | | | 177 | | | | | 177 | |
Comprehensive income | | | | | | | | | | | 659 | | | 4 | | | 663 | |
Stock-based compensation expense | | | | | 218 | | | | | | | 218 | | | | | 218 | |
Tax withholding related to vesting of employee stock plans | | | | | (61) | | | | | | | (61) | | | | | (61) | |
Issuance of common stock in connection with employee stock plans and other | 17,128 | | | | | 31 | | | | | | | 31 | | | | | 31 | |
| | | | | | | | | | | | | | | |
Cash dividends declared ($0.24 per share) | | | | | | | (311) | | | | | (311) | | | | | (311) | |
Effects of adoption of ASC 326, Current expected credit losses | | | | | | | (25) | | | | | (25) | | | | | (25) | |
Balance at April 30, 2021 | 1,304,138 | | | $ | 13 | | | $ | 28,538 | | | $ | (8,229) | | | $ | (3,762) | | | $ | 16,560 | | | $ | 51 | | | $ | 16,611 | |
The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
Notes to Condensed Consolidated Financial Statements
(Unaudited)
Note 1: Overview and Summary of Significant Accounting Policies
Background
Hewlett Packard Enterprise Company ("Hewlett Packard Enterprise", "HPE", or the "Company") is a global technology leader focused on developing intelligent solutions that allow customers to capture, analyze and act upon data seamlessly from edge to cloud. Hewlett Packard Enterprise enables customers to accelerate business outcomes by driving new business models, creating new customer and employee experiences, and increasing operational efficiency today and into the future. Hewlett Packard Enterprise's customers range from small- and medium-sized businesses to large global enterprises and governmental entities.
Basis of Presentation and Consolidation
The Condensed Consolidated Financial Statements of the Company were prepared in accordance with United States ("U.S.") Generally Accepted Accounting Principles ("GAAP"). The Company’s unaudited Condensed Consolidated Financial Statements include the accounts of the Company and all subsidiaries and affiliates in which the Company has a controlling financial interest or is the primary beneficiary. All intercompany transactions and accounts within the consolidated businesses of the Company have been eliminated. In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements of Hewlett Packard Enterprise contain