Net Earnings Per Share (Tables)

3 Months Ended

Jan. 31, 2023

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 January 31
	2023		2022
	In millions, except per share amounts
Numerator:
Net earnings	$	487	$	1,086
Denominator:
Weighted-average shares used to compute basic net EPS	989		1,081
Dilutive effect of employee stock plans	7		13
Weighted-average shares used to compute diluted net EPS	996		1,094
Net earnings per share:
Basic	$	0.49	$	1.00
Diluted	$	0.49	$	0.99
Anti-dilutive weighted-average stock-based compensation awards(1)	7		3

(1)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.