| HP INC. AND SUBSIDIARIES
OPERATING MARGIN AND DILUTED NET EARNINGS PER SHARE (Unaudited) (In millions, except per share amounts) | ||||||||||||||
| Twelve months ended | ||||||||||||||
| October 31, 2023 | October 31, 2022 | |||||||||||||
| Amounts |
Diluted
net earnings per share | Amounts |
Diluted
net earnings per share | |||||||||||
| GAAP net earnings | $ | 3,263 | $ | 3.26 | $ | 3,132 | $ | 2.98 | ||||||
| Non-GAAP adjustments: | ||||||||||||||
| Restructuring and other charges | 527 | 0.53 | 218 | 0.21 | ||||||||||
| Acquisition and divestiture charges | 240 | 0.24 | 318 | 0.30 | ||||||||||
| Amortization of intangible assets | 350 | 0.35 | 228 | 0.22 | ||||||||||
| Russia exit charges | — | — | 23 | 0.02 | ||||||||||
| Debt extinguishment benefit | (107) | (0.11) | — | — | ||||||||||
| Non-operating retirement-related credits | (46) | (0.05) | (138) | (0.13) | ||||||||||
| Tax adjustments (a) | (950) | (0.94) | 396 | 0.38 | ||||||||||
| Non-GAAP net earnings | $ | 3,277 | $ | 3.28 | $ | 4,177 | $ | 3.98 | ||||||
| GAAP earnings from operations | $ | 3,456 | $ | 4,559 | ||||||||||
| Non-GAAP adjustments: | ||||||||||||||
| Restructuring and other charges | 527 | 218 | ||||||||||||
| Acquisition and divestiture charges | 240 | 318 | ||||||||||||
| Amortization of intangible assets | 350 | 228 | ||||||||||||
| Russia exit charges | — | 23 | ||||||||||||
| Non-GAAP earnings from operations | $ | 4,573 | $ | 5,346 | ||||||||||
| GAAP operating margin | 6.4 | % | 7.2 | % | ||||||||||
| Non-GAAP adjustments | 2.1 | % | 1.3 | % | ||||||||||
| Non-GAAP operating margin | 8.5 | % | 8.5 | % | ||||||||||
| (a) Includes tax impact on non-GAAP adjustments. | ||||||||||||||
