Net Earnings Per Share

6 Months Ended

Apr. 30, 2020

The Company calculates basic net EPS using net earnings and the weighted-average number of shares outstanding during the reporting period. Diluted net EPS includes the weighted-average dilutive effect of restricted stock units, stock options, and performance-based awards.

The reconciliations of the numerators and denominators of each of the basic and diluted net EPS calculations were as follows:


	Three months ended April 30,						Six months ended April 30,
	2020		2019		2020		2019
	In millions, except per share amounts
Numerator:
Net (loss) earnings	$	(821)	$	419	$	(488)	$	596
Denominator:
Weighted-average shares used to compute basic net EPS	1,291		1,367		1,295		1,384
Dilutive effect of employee stock plans	—		15		—		13
Weighted-average shares used to compute diluted net EPS	1,291		1,382		1,295		1,397
Net (loss) earnings per share:
Basic	$	(0.64)	$	0.31	$	(0.38)	$	0.43
Diluted	$	(0.64)	$	0.30	$	(0.38)	$	0.43
Anti-dilutive weighted-average stock awards⁽¹⁾	48		2		48		3

(1)The Company excludes shares potentially issuable under employee stock plans that could dilute basic net EPS in the future from the calculation of diluted net earnings per share, as their effect, if included, would have been anti-dilutive for the periods presented.