| HP INC. AND SUBSIDIARIES
ADJUSTMENTS TO GAAP NET EARNINGS, EARNINGS FROM OPERATIONS, OPERATING MARGIN AND DILUTED NET EARNINGS PER SHARE (Unaudited) (In millions, except per share amounts) | |||||||||||||||
| Six months ended | |||||||||||||||
| April 30, 2020 | April 30, 2019 | ||||||||||||||
| Amounts |
Diluted
net earnings per share | Amounts |
Diluted
net earnings per share | ||||||||||||
| GAAP net earnings | $ | 1,442 | $ | 0.99 | $ | 1,585 | $ | 1.02 | |||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 372 | 0.26 | 124 | 0.07 | |||||||||||
| Acquisition-related charges | 3 | — | 21 | 0.01 | |||||||||||
| Amortization of intangible assets | 55 | 0.04 | 58 | 0.04 | |||||||||||
| Non-operating retirement-related credits | (113 | ) | (0.08 | ) | (22 | ) | (0.01 | ) | |||||||
| Tax adjustments(a) | (62 | ) | (0.04 | ) | (136 | ) | (0.08 | ) | |||||||
| Non-GAAP net earnings | $ | 1,697 | $ | 1.17 | $ | 1,630 | $ | 1.05 | |||||||
| GAAP earnings from operations | $ | 1,691 | $ | 1,854 | |||||||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 372 | 124 | |||||||||||||
| Acquisition-related charges | 3 | 21 | |||||||||||||
| Amortization of intangible assets | 55 | 58 | |||||||||||||
| Non-GAAP earnings from operations | $ | 2,121 | $ | 2,057 | |||||||||||
| GAAP operating margin | 6 | % | 6 | % | |||||||||||
| Non-GAAP adjustments | 2 | % | 1 | % | |||||||||||
| Non-GAAP operating margin | 8 | % | 7 | % | |||||||||||
