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Net Earnings Per Share
 9 Months Ended
Jul. 31, 2016
Earnings Per Share [Abstract]  
Net Earnings Per Share
Net Earnings Per Share
HP calculates basic net EPS using net earnings and the weighted-average number of shares outstanding during the reporting period. Diluted net EPS includes any dilutive effect of restricted stock awards, stock options, performance-based awards and shares purchased under the employee stock purchase plan.
A reconciliation of the number of shares used for basic and diluted net EPS calculations were as follows:
 
Three months ended July 31
 
Nine months ended July 31
 
2016
 
2015
 
2016
 
2015
 
In millions, except per share amounts
Numerator:
 

 
 

 
 

 
 

Net earnings from continuing operations
$
843

 
$
700

 
$
2,153

 
$
2,203

Net (loss) earnings from discontinued operations
(60
)
 
154

 
(149
)
 
1,028

Net earnings(1)
$
783

 
$
854

 
$
2,004

 
$
3,231

Denominator:
 

 
 

 
 

 
 

Weighted-average shares used to compute basic net EPS
1,711

 
1,805

 
1,735

 
1,817

Dilutive effect of employee stock plans
14

 
23

 
12

 
25

Weighted-average shares used to compute diluted net EPS
1,725

 
1,828

 
1,747

 
1,842

Basic net earnings (loss) per share:
 

 
 

 
 

 
 

Continuing operations
$
0.49

 
$
0.39

 
$
1.24

 
$
1.21

Discontinued operations
(0.03
)
 
0.08

 
(0.08
)
 
0.57

Basic net earnings per share
$
0.46

 
$
0.47

 
$
1.16

 
$
1.78

Diluted net earnings (loss) per share:
 

 
 

 
 

 
 

Continuing operations
$
0.49

 
$
0.39

 
$
1.23

 
$
1.20

Discontinued operations
(0.04
)
 
0.08

 
(0.08
)
 
0.55

Diluted net earnings per share
$
0.45

 
$
0.47

 
$
1.15

 
$
1.75

Anti-dilutive weighted average stock-based compensation awards(2)
13

 
10

 
26

 
12

_______________________________________________________________________________
(1) 
HP considers restricted stock that provides the holder a non-forfeitable right to receive dividends to be participating securities. There were no participating securities for net earnings allocation in any period presented.

(2) 
HP excludes stock options and restricted stock units where the assumed proceeds exceed the average market price from the calculation of diluted net EPS, because their effect would be anti-dilutive. The assumed proceeds of a stock option include the sum of its exercise price, average unrecognized compensation cost and excess tax benefits. The assumed proceeds of a restricted stock unit include the sum of its average unrecognized compensation cost and excess tax benefits.