| (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) | |||||||||||||||
| Twelve months ended | |||||||||||||||
| October 31, 2024 | October 31, 2023 | ||||||||||||||
| Amounts |
Diluted
net earnings per share | Amounts |
Diluted
net earnings per share | ||||||||||||
| GAAP net earnings | $ | 2,775 | $ | 2.81 | $ | 3,263 | $ | 3.26 | |||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 301 | 0.31 | 527 | 0.53 | |||||||||||
| Acquisition and divestiture charges | 83 | 0.08 | 240 | 0.24 | |||||||||||
| Amortization of intangible assets | 318 | 0.32 | 350 | 0.35 | |||||||||||
| Debt extinguishment costs (benefit) | 3 | — | (107 | ) | (0.11 | ) | |||||||||
| Non-operating retirement-related credits | (9 | ) | (0.01 | ) | (46 | ) | (0.05 | ) | |||||||
| Tax adjustments (a) | (132 | ) | (0.13 | ) | (950 | ) | (0.94 | ) | |||||||
| Non-GAAP net earnings | $ | 3,339 | $ | 3.38 | $ | 3,277 | $ | 3.28 | |||||||
| GAAP earnings from operations | $ | 3,818 | $ | 3,456 | |||||||||||
| Non-GAAP adjustments: | |||||||||||||||
| Restructuring and other charges | 301 | 527 | |||||||||||||
| Acquisition and divestiture charges | 83 | 240 | |||||||||||||
| Amortization of intangible assets | 318 | 350 | |||||||||||||
| Non-GAAP earnings from operations | $ | 4,520 | $ | 4,573 | |||||||||||
| GAAP operating margin | 7.1 | % | 6.4 | % | |||||||||||
| Non-GAAP adjustments | 1.3 | % | 2.1 | % | |||||||||||
| Non-GAAP operating margin | 8.4 | % | 8.5 | % | |||||||||||
