| HP INC. AND SUBSIDIARIES
CALCULATION OF DILUTED NET EARNINGS PER SHARE (Unaudited) (In millions, except per share amounts) | |||||
| Six months ended | |||||
| April 30, 2024 | April 30, 2023 | ||||
| Numerator: | |||||
| GAAP net earnings | $ | 1,229 | $ | 1,523 | |
| Non-GAAP net earnings | $ | 1,620 | $ | 1,516 | |
| Denominator: | |||||
| Weighted-average shares used to compute basic net earnings per share | 990 | 990 | |||
| Dilutive effect of employee stock plans(a) | 6 | 7 | |||
| Weighted-average shares used to compute diluted net earnings per share | 996 | 997 | |||
| GAAP diluted net earnings per share | $ | 1.23 | $ | 1.53 | |
| Non-GAAP diluted net earnings per share | $ | 1.63 | $ | 1.52 | |
| (a) Includes any dilutive effect of restricted stock units, stock options and performance-based awards. | |||||
Use of non-GAAP financial measures
To supplement HP’s consolidated condensed financial statements presented on a GAAP basis, HP provides net revenue on a constant currency basis, non-GAAP total operating expense, non-GAAP operating profit, non-GAAP operating margin, non-GAAP other income and expenses, non-GAAP tax rate, non-GAAP net earnings, non-GAAP diluted net EPS, free cash flow, gross cash and net cash (debt). HP also provides forecasts of non-GAAP diluted net EPS and free cash flow.
