| 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) | |||||||||||||||
| Six months ended | |||||||||||||||
| April 30, 2022 | April 30, 2021 | ||||||||||||||
| Amounts |
Diluted
net earnings per share | Amounts |
Diluted
net earnings per share | ||||||||||||
| GAAP net earnings | $ | 2,086 | $ | 1.94 | $ | 2,296 | $ | 1.81 | |||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 150 | 0.13 | 160 | 0.13 | |||||||||||
| Acquisition-related charges | 52 | 0.05 | 16 | 0.01 | |||||||||||
| Amortization of intangible assets | 104 | 0.10 | 61 | 0.05 | |||||||||||
| Non-operating retirement-related credits | (69 | ) | (0.06 | ) | (76 | ) | (0.06 | ) | |||||||
| Tax adjustments (a) | 32 | 0.02 | (111 | ) | (0.09 | ) | |||||||||
| Non-GAAP net earnings | $ | 2,355 | $ | 2.18 | $ | 2,346 | $ | 1.85 | |||||||
| GAAP earnings from operations | $ | 2,637 | $ | 2,683 | |||||||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 150 | 160 | |||||||||||||
| Acquisition-related charges | 52 | 16 | |||||||||||||
| Amortization of intangible assets | 104 | 61 | |||||||||||||
| Non-GAAP earnings from operations | $ | 2,943 | $ | 2,920 | |||||||||||
| GAAP operating margin | 7.9 | % | 8.5 | % | |||||||||||
| Non-GAAP adjustments | 0.9 | % | 0.8 | % | |||||||||||
| Non-GAAP operating margin | 8.8 | % | 9.3 | % | |||||||||||
(a) Includes tax impact on non-GAAP adjustments.
