| 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) | |||||||||||||||||||||
| Three months ended | |||||||||||||||||||||
| April 30, 2024 | January 31, 2024 | April 30, 2023 | |||||||||||||||||||
| Amounts |
Diluted
net earnings per share | Amounts |
Diluted
net earnings per share | Amounts |
Diluted
net earnings per share | ||||||||||||||||
| GAAP net earnings | $ | 607 | $ | 0.61 | $ | 622 | $ | 0.62 | $ | 1,054 | $ | 1.06 | |||||||||
| Non-GAAP adjustments: | |||||||||||||||||||||
| Restructuring and other charges | 71 | 0.07 | 63 | 0.06 | 200 | 0.20 | |||||||||||||||
| Acquisition and divestiture charges | 22 | 0.02 | 27 | 0.03 | 74 | 0.07 | |||||||||||||||
| Amortization of intangible assets | 80 | 0.08 | 81 | 0.08 | 86 | 0.09 | |||||||||||||||
| Non-operating retirement-related credits | (3 | ) | — | (2 | ) | — | (13 | ) | (0.01 | ) | |||||||||||
| Tax adjustments (a) | 35 | 0.04 | 17 | 0.02 | (616 | ) | (0.62 | ) | |||||||||||||
| Non-GAAP net earnings | $ | 812 | $ | 0.82 | $ | 808 | $ | 0.81 | $ | 785 | $ | 0.79 | |||||||||
| GAAP earnings from operations | $ | 952 | $ | 935 | $ | 747 | |||||||||||||||
| Non-GAAP adjustments: | |||||||||||||||||||||
| Restructuring and other charges | 71 | 63 | 200 | ||||||||||||||||||
| Acquisition and divestiture charges | 22 | 27 | 74 | ||||||||||||||||||
| Amortization of intangible assets | 80 | 81 | 86 | ||||||||||||||||||
| Non-GAAP earnings from operations | $ | 1,125 | $ | 1,106 | $ | 1,107 | |||||||||||||||
| GAAP operating margin | 7.4 | % | 7.1 | % | 5.8 | % | |||||||||||||||
| Non-GAAP adjustments | 1.4 | % | 1.3 | % | 2.8 | % | |||||||||||||||
| Non-GAAP operating margin | 8.8 | % | 8.4 | % | 8.6 | % | |||||||||||||||
| (a) Includes tax impact on non-GAAP adjustments. | |||||||||||||||||||||
