(a)  Pursuant to adoption of Accounting Standard Update ("ASU")  2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-retirement Benefit Cost”, in the first quarter of fiscal year 2019, HP now reclassifies all components (excluding service cost component) of net periodic benefit cost from Selling, general and administrative expenses to Interest and other, net. HP reflected this change in prior reporting periods on an as-if basis.

HP INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions, except per share amounts)
	Twelve months ended
	October 31, 2019				October 31, 2018
Net revenue	$	58,756			$	58,472
Costs and expenses:
Cost of revenue	47,586				47,803
Research and development	1,499				1,404
Selling, general and administrative(a)	5,368				5,099
Restructuring and other charges	275				132
Acquisition-related charges	35				123
Amortization of intangible assets	116				80
Total costs and expenses	54,879				54,641
Earnings from operations	3,877				3,831
Interest and other, net(a)	(1,354		)		(818		)
Earnings before taxes	2,523				3,013
Benefit from taxes	629				2,314
Net earnings	$	3,152			$	5,327
Net earnings per share:
Basic	$	2.08			$	3.30
Diluted	$	2.07			$	3.26
Cash dividends declared per share	$	0.64			$	0.56
Weighted-average shares used to compute net earnings per share:
Basic	1,515				1,615
Diluted	1,524				1,634

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