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Net Earnings Per Share
 3 Months Ended
Jan. 31, 2017
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 was as follows:
 
Three months ended January 31
 
2017
 
2016
 
In millions, except per share amounts
Numerator:
 

 
 

Net earnings from continuing operations
$
611

 
$
650

Net loss from discontinued operations
—

 
(58
)
Net earnings
$
611

 
$
592

Denominator:
 

 
 

Weighted-average shares used to compute basic net EPS
1,704

 
1,776

Dilutive effect of employee stock plans
17

 
9

Weighted-average shares used to compute diluted net EPS
1,721

 
1,785

Basic net earnings (loss) per share:
 

 
 

Continuing operations
$
0.36

 
$
0.37

Discontinued operations
—

 
(0.04
)
Basic net earnings per share
$
0.36

 
$
0.33

Diluted net earnings (loss) per share:
 

 
 

Continuing operations
$
0.36

 
$
0.36

Discontinued operations
—

 
(0.03
)
Diluted net earnings per share
$
0.36

 
$
0.33

Anti-dilutive weighted average stock-based compensation awards(1)
9

 
25

_________________________________________________________
(1) 
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 and average unrecognized compensation cost. The assumed proceeds of a restricted stock unit represents average unrecognized compensation.