| (a) | Includes tax impact on non-GAAP adjustments. |
| 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, 2023 | April 30, 2022 | ||||||||||||||
| Amounts |
Diluted
net earnings per share | Amounts |
Diluted
net earnings per share | ||||||||||||
| GAAP net earnings | $ | 1,553 | $ | 1.56 | $ | 2,086 | $ | 1.94 | |||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 341 | 0.34 | 150 | 0.13 | |||||||||||
| Acquisition and divestiture charges | 157 | 0.16 | 52 | 0.05 | |||||||||||
| Amortization of intangible assets | 171 | 0.17 | 104 | 0.10 | |||||||||||
| Debt extinguishment costs | 8 | 0.01 | — | — | |||||||||||
| Non-operating retirement-related credits | (22 | ) | (0.02 | ) | (69 | ) | (0.06 | ) | |||||||
| Tax adjustments (a) | (662 | ) | (0.67 | ) | 32 | 0.02 | |||||||||
| Non-GAAP net earnings | $ | 1,546 | $ | 1.55 | $ | 2,355 | $ | 2.18 | |||||||
| GAAP earnings from operations | $ | 1,527 | $ | 2,637 | |||||||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 341 | 150 | |||||||||||||
| Acquisition and divestiture charges | 157 | 52 | |||||||||||||
| Amortization of intangible assets | 171 | 104 | |||||||||||||
| Non-GAAP earnings from operations | $ | 2,196 | $ | 2,943 | |||||||||||
| GAAP operating margin | 5.7 | % | 7.9 | % | |||||||||||
| Non-GAAP adjustments | 2.5 | % | 0.9 | % | |||||||||||
| Non-GAAP operating margin | 8.2 | % | 8.8 | % | |||||||||||
