Net Earnings Per Share (Tables)

9 Months Ended

Jul. 31, 2019

Earnings Per Share [Abstract]

Basic and Diluted Net Earnings Per Share Calculations

A reconciliation of the number of shares used for basic and diluted net EPS calculations is as follows:

	Three months ended July 31				Nine months ended July 31
	2019		2018		2019		2018
	In millions, except per share amounts
Numerator:
Net earnings	$	1,179	$	880	$	2,764	$	3,876
Denominator:
Weighted-average shares used to compute basic net EPS	1,499		1,601		1,528		1,627
Dilutive effect of employee stock plans	9		17		9		18
Weighted-average shares used to compute diluted net EPS	1,508		1,618		1,537		1,645
Net earnings per share:
Basic	$	0.79	$	0.55	$	1.81	$	2.38
Diluted	$	0.78	$	0.54	$	1.80	$	2.36
Anti-dilutive weighted-average stock-based compensation awards(1)	7		—		6		—

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HP excludes from the calculation of diluted net EPS stock options and restricted stock units where the assumed proceeds exceed the average market price, 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 represent unrecognized compensation cost.