| 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, 2024 | April 30, 2023 | ||||||||||||||
| Amounts |
Diluted
net earnings per share | Amounts |
Diluted
net earnings per share | ||||||||||||
| GAAP net earnings | $ | 1,229 | $ | 1.23 | $ | 1,523 | $ | 1.53 | |||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 134 | 0.14 | 341 | 0.34 | |||||||||||
| Acquisition and divestiture charges | 49 | 0.05 | 158 | 0.16 | |||||||||||
| Amortization of intangible assets | 161 | 0.16 | 171 | 0.17 | |||||||||||
| Debt extinguishment costs | — | — | 8 | 0.01 | |||||||||||
| Non-operating retirement-related credits | (5 | ) | (0.01 | ) | (23 | ) | (0.02 | ) | |||||||
| Tax adjustments (a) | 52 | 0.06 | (662 | ) | (0.67 | ) | |||||||||
| Non-GAAP net earnings | $ | 1,620 | $ | 1.63 | $ | 1,516 | $ | 1.52 | |||||||
| GAAP earnings from operations | $ | 1,887 | $ | 1,490 | |||||||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 134 | 341 | |||||||||||||
| Acquisition and divestiture charges | 49 | 158 | |||||||||||||
| Amortization of intangible assets | 161 | 171 | |||||||||||||
| Non-GAAP earnings from operations | $ | 2,231 | $ | 2,160 | |||||||||||
| GAAP operating margin | 7.3 | % | 5.6 | % | |||||||||||
| Non-GAAP adjustments | 1.3 | % | 2.5 | % | |||||||||||
| Non-GAAP operating margin | 8.6 | % | 8.1 | % | |||||||||||
| (a) Includes tax impact on non-GAAP adjustments. | |||||||||||||||
