Authorized amount

[Table of Contents](#i43adbcd383bc4dc48977980bcb999d17_79)HP INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements (Continued)Note 12: Stockholders’ DeficitShare Repurchase ProgramHP’s share repurchase program authorizes both open market and private repurchase transactions. In fiscal year 2021, HP executed share repurchases of 224 million shares and settled total shares for $6.3 billion. In fiscal year 2020, HP executed share repurchases of 168 million shares and settled total shares for $3.1 billion. In fiscal year 2019, HP executed share repurchases of 118 million shares and settled total shares for $2.4 billion. Share repurchases executed during fiscal years 2021, 2020, and 2019 included 1.6 million shares, 2.3 million shares, and 0.9 million shares settled in November 2021, 2020, and 2019, respectively.The shares repurchased in fiscal years 2021, 2020 and 2019 were all open market repurchase transactions. On February 22, 2020, HP’s Board of Directors increased HP’s share repurchase authorization to $15.0 billion in total. As of October 31, 2021, HP had approximately $6.4 billion remaining under the share repurchase authorizations approved by HP’s Board of Directors.Taxes related to Other Comprehensive Income (Loss)

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|   | For the fiscal years ended October 31 |
|   | 2021 |  | 2020 |  | 2019 |
|   | In millions |
| Tax effect on change in unrealized components of available-for-sale debt securities: |   |  |   |  |   |
| Tax provision on unrealized gains arising during the period | $ | (1) |  |  | $ | —  |  |  | $ | —  |  |
|   |  |  |  |  |  |
| Tax effect on change in unrealized components of cash flow hedges: |  |  |   |  |   |
| Tax (provision) benefit on unrealized gains (losses) arising during the period | (9) |  |  | 20  |  |  | (37) |  |
| Tax (benefit) provision on losses (gains) reclassified into earnings | (17) |  |  | 28  |  |  | 46  |  |
|   | (26) |  |  | 48  |  |  | 9  |  |
| Tax effect on change in unrealized components of defined benefit plans: |  |  |   |  |   |
| Tax (provision) benefit on gains (losses) arising during the period | (177) |  |  | 11  |  |  | 64  |  |
| Tax benefit on amortization of actuarial loss and prior service benefit | (17) |  |  | (19) |  |  | (11) |  |
| Tax benefit (provision) on curtailments, settlements and other | 9  |  |  | (41) |  |  | (104) |  |
|   | (185) |  |  | (49) |  |  | (51) |  |
| Tax effect on change in cumulative translation adjustment | (1) |  |  | 2  |  |  | —  |  |
| Tax (provision) benefit on other comprehensive income (loss) | $ | (213) |  |  | $ | 1  |  |  | $ | (42) |  |

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