| HP INC. AND SUBSIDIARIES
ADJUSTMENTS TO GAAP NET EARNINGS, EARNINGS FROM OPERATIONS, OPERATING MARGIN AND DILUTED NET EARNINGS PER SHARE (Unaudited) (In millions, except per share amounts) | |||||||||||||||
|
Twelve months
ended October 31, 2017 |
Diluted
net earnings per share |
Twelve months
ended October 31, 2016 |
Diluted
net earnings per share | ||||||||||||
| GAAP net earnings from continuing operations | $ | 2,526 | $ | 1.48 | $ | 2,666 | $ | 1.53 | |||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 362 | 0.21 | 205 | 0.12 | |||||||||||
| Acquisition-related charges | 125 | 0.07 | 7 | — | |||||||||||
| Amortization of intangible assets | 1 | — | 16 | 0.01 | |||||||||||
| Non-operating retirement-related credits | (135 | ) | (0.07 | ) | (146 | ) | (0.08 | ) | |||||||
| Defined benefit plan settlement charges | 5 | — | 179 | 0.10 | |||||||||||
| Tax indemnification credits | (47 | ) | (0.03 | ) | (472 | ) | (0.27 | ) | |||||||
| Adjustments for taxes | (22 | ) | (0.01 | ) | 332 | 0.19 | |||||||||
| Non-GAAP net earnings | $ | 2,815 | $ | 1.65 | $ | 2,787 | $ | 1.60 | |||||||
| GAAP earnings from continuing operations | $ | 3,519 | $ | 3,549 | |||||||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 362 | 205 | |||||||||||||
| Acquisition-related charges | 125 | 7 | |||||||||||||
| Amortization of intangible assets | 1 | 16 | |||||||||||||
| Non-operating retirement-related credits | (135 | ) | (146 | ) | |||||||||||
| Defined benefit plan settlement charges | 5 | 179 | |||||||||||||
| Non-GAAP earnings | $ | 3,877 | $ | 3,810 | |||||||||||
| GAAP operating margin from continuing operations | 7 | % | 7 | % | |||||||||||
| Non-GAAP adjustments | 0 | % | 1 | % | |||||||||||
| Non-GAAP operating margin | 7 | % | 8 | % | |||||||||||
