| 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) | |||||||||||||||
| Nine months ended | |||||||||||||||
| July 31, 2024 | July 31, 2023 | ||||||||||||||
| Amounts |
Diluted
net earnings per share | Amounts |
Diluted
net earnings per share | ||||||||||||
| GAAP net earnings | $ | 1,869 | $ | 1.88 | $ | 2,289 | $ | 2.29 | |||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 180 | 0.19 | 416 | 0.42 | |||||||||||
| Acquisition and divestiture charges | 71 | 0.07 | 206 | 0.21 | |||||||||||
| Amortization of intangible assets | 242 | 0.24 | 262 | 0.26 | |||||||||||
| Debt extinguishment benefit | — | — | (107 | ) | (0.11 | ) | |||||||||
| Non-operating retirement-related credits | (7 | ) | (0.01 | ) | (35 | ) | (0.04 | ) | |||||||
| Tax adjustments (a) | 84 | 0.08 | (656 | ) | (0.65 | ) | |||||||||
| Non-GAAP net earnings | $ | 2,439 | $ | 2.45 | $ | 2,375 | $ | 2.38 | |||||||
| GAAP earnings from operations | $ | 2,827 | $ | 2,442 | |||||||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 180 | 416 | |||||||||||||
| Acquisition and divestiture charges | 71 | 206 | |||||||||||||
| Amortization of intangible assets | 242 | 262 | |||||||||||||
| Non-GAAP earnings from operations | $ | 3,320 | $ | 3,326 | |||||||||||
| GAAP operating margin | 7.2% | 6.1% | |||||||||||||
| Non-GAAP adjustments | 1.2% | 2.2% | |||||||||||||
| Non-GAAP operating margin | 8.4% | 8.3% | |||||||||||||
(a) Includes tax impact on non-GAAP adjustments.
