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Consolidated and Combined Statements of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Nov. 01, 2015
Oct. 31, 2017
Oct. 31, 2016
Oct. 31, 2015
Net revenue:        
Products   $ 17,597 $ 18,843 $ 19,135
Services   10,878 11,073 11,581
Financing income   396 364 361
Total net revenue   28,871 30,280 31,077
Costs and expenses:        
Cost of products   12,715 13,040 13,294
Cost of services   7,197 7,218 7,479
Financing interest   265 249 240
Research and development   1,486 1,714 1,676
Selling, general and administrative   5,006 5,380 5,142
Amortization of intangible assets   321 272 229
Restructuring charges   417 417 197
Transformation costs [1]   359 0 0
Disaster charges [2]   93 0 0
Acquisition and other related charges   203 145 84
Separation costs   248 362 797
Defined benefit plan settlement charges and remeasurement (benefit)(3) [3]   (64) 0 (7)
Gain on H3C and MphasiS divestitures   0 (2,420) 0
Total costs and expenses   28,246 26,377 29,131
Earnings from continuing operations   625 3,903 1,946
Interest and other, net   (327) (284) (9)
Tax indemnification adjustments   (3) 317 0
Loss from equity interests [4]   (23) (76) (2)
Earnings from continuing operations before taxes   272 3,860 1,935
Benefit (provision) for taxes   164 (623) 705
Net earnings from continuing operations   436 3,237 2,640
Net loss from discontinued operations   (92) (76) (179)
Net earnings   $ 344 $ 3,161 $ 2,461
Basic        
Continuing operations (in dollars per share) [5]   $ 0.26 $ 1.89 $ 1.46
Discontinued operations (in dollars per share) [5]   (0.05) (0.05) (0.10)
Total basic net earnings (loss) per share (in dollars per share) [5]   0.21 1.84 1.36
Diluted        
Continuing operations (in dollars per share) [5]   0.26 1.86 1.44
Discontinued operations (in dollars per share) [5]   (0.05) (0.04) (0.10)
Total diluted net earnings (loss) per share (in dollars per share) [5]   0.21 1.82 1.34
Cash dividends declared per share (in dollars per share)   $ 0.26 $ 0.22 $ 0.00
Weighted-average shares used to compute net earnings per share:        
Basic (in shares) [5]   1,646 1,715 1,804
Diluted (in shares) [5]   1,674 1,739 1,834
Former Parent Company        
Distributed (in shares) 1,800      
[1] Represents amounts incurred in connection with the HPE Next initiative and includes costs related to labor and non-labor restructuring, program management costs and IT costs, partially offset by a gain on the sale of real estate.
[2] Represents amounts incurred in connection with damages sustained by the Company as a result of Hurricane Harvey.
[3] In fiscal 2017, represents adjustments to the net periodic pension cost resulting from remeasurements of Hewlett Packard Enterprise pension plans due to plan separations in connection with the separation and merger of Seattle SpinCo, Inc. with Micro Focus and Everett SpinCo, Inc. with Computer Sciences Corporation. In fiscal 2015, Defined benefit plan settlement charges and remeasurement (benefit), was related to U.S. defined benefit plan settlement expense and net periodic benefit cost resulting from former Parent's voluntary lump sum program announced in January 2015.
[4] Primarily represents the Company’s ownership interest in the net earnings of H3C, which the Company records as an equity method investment.
[5] On November 1, 2015, HP Inc. (formerly Hewlett-Packard Company) distributed a total of 1.8 billion shares of Hewlett Packard Enterprise common stock to HP Inc. stockholders as of the record date, which is used in the computation of net earnings per share ("EPS") for the fiscal year ended October 31, 2015.