Earnings Per Share (Tables)

12 Months Ended

Oct. 31, 2023

Earnings Per Share [Abstract]

Schedule of 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:

	For the fiscal years ended October 31
	2023		2022		2021
	In millions, except per share amounts
Numerator:
Net earnings	$	3,263	$	3,132	$	6,541
Denominator:
Weighted-average shares used to compute basic net EPS	992		1,038		1,208
Dilutive effect of employee stock plans	8		12		12
Weighted-average shares used to compute diluted net EPS	1,000		1,050		1,220
Net earnings per share:
Basic	$	3.29	$	3.02	$	5.41
Diluted	$	3.26	$	2.98	$	5.36
Anti-dilutive weighted-average stock-based compensation awards(1)	4		4		2

    

(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.