| HP INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS (Unaudited) (In millions, except per share amounts) |
| Twelve months ended | |||||||
| October 31, 2020 | October 31, 2019 | ||||||
| Net revenue | $ | 56,639 | $ | 58,756 | |||
| Costs and expenses: | |||||||
| Cost of revenue | 46,202 | 47,586 | |||||
| Research and development | 1,478 | 1,499 | |||||
| Selling, general and administrative | 4,906 | 5,368 | |||||
| Restructuring and other charges | 462 | 275 | |||||
| Acquisition-related charges | 16 | 35 | |||||
| Amortization of intangible assets | 113 | 116 | |||||
| Total costs and expenses | 53,177 | 54,879 | |||||
| Earnings from operations | 3,462 | 3,877 | |||||
| Interest and other, net | (231 | ) | (1,354 | ) | |||
| Earnings before taxes | 3,231 | 2,523 | |||||
| (Provision for) benefit from taxes | (387 | ) | 629 | ||||
| Net earnings | $ | 2,844 | $ | 3,152 | |||
| Net earnings per share: | |||||||
| Basic | $ | 2.01 | $ | 2.08 | |||
| Diluted | $ | 2.00 | $ | 2.07 | |||
| Cash dividends declared per share | $ | 0.70 | $ | 0.64 | |||
| Weighted-average shares used to compute net earnings per share: | |||||||
| Basic | 1,413 | 1,515 | |||||
| Diluted | 1,420 | 1,524 | |||||
