HEWLETT-PACKARD COMPANY AND SUBSIDIARIES                 
                    CALCULATION OF NET EARNINGS PER SHARE                   
                                 (Unaudited)                                
                    (In millions except per share amounts)                  
                                                                            
                                                      Twelve months ended   
                                                          October 31,       
                                                   ------------------------ 
                                                                            
                                                       2013         2012    
                                                   -----------  ----------- 
                                                                            
Numerator:                                                                  
  GAAP net earnings (loss)                         $     5,113  $   (12,650)
                                                   ===========  =========== 
  Non-GAAP net earnings                            $     6,938  $     8,035 
                                                   ===========  =========== 
                                                                            
Denominator:                                                                
  Weighted-average shares used to compute basic                             
   net earnings (loss) per share and diluted net                            
   (loss) per share                                      1,934        1,974 
                                                                                                                              
    Dilutive  effect  of  employee  stock  plans                                      16                      10  
                                                                                                      -----------    -----------  
        Weighted-average  shares  used  to  compute                                                                  
          diluted  net  earnings  per  share                                            1,950                1,984  
                                                                                                      ===========    ===========  
                                                                                                                                                        
GAAP  net  earnings  (loss)  per  share:                                                                                  
    Basic                                                                                        $            2.64    $          (6.41)
    Diluted(a)                                                                              $            2.62    $          (6.41)
                                                                                                                                                        
Non-GAAP  net  earnings  per  share:                                                                                        
    Basic                                                                                        $            3.59    $            4.07  
    Diluted(b)                                                                              $            3.56    $            4.05  
                                                                                                                                                        
                                                                                                                                                        
(a)  GAAP  diluted  net  earnings  per  share  reflects  any  dilutive  effect  of          
        outstanding  stock  options,  performance-based  restricted  units,                    
        restricted  stock  units  and  restricted  stock,  but  that  effect  is  excluded
        when  calculating  GAAP  diluted  net  (loss)  per  share  because  it  would  be    
        anti-dilutive.                                                                                                                    
                                                                                                                                                        
(b)  Non-GAAP  diluted  net  earnings  per  share  reflects  any  dilutive  effect  of  
        outstanding  stock  options,  performance-based  restricted  units,                    
        restricted  stock  units  and  restricted  stock.