HP Inc. Reports Fiscal 2016 Full-Year and Fourth Quarter Results

 (a) Effective at the beginning of its first quarter of fiscal 2016, HP     
     implemented a reporting change to provide better transparency to its   
     segment operating results. This reporting change resulted in the       
     exclusion of certain market-related factors such as interest cost,     
     expected return on plan assets, amortized actuarial gains or losses,   
     and impacts from other market-related factors related to its defined   
     benefit pension and post-retirement benefit plans from its segment     
     operating results ("Non-operating retirement-related                   
     credits/(charges)"). This change also resulted in the exclusion of     
     certain plan curtailments, settlements and special termination benefits
     related to its defined benefit pension and post-retirement benefit     
     plans from HP's segment operating results. Segment operating results   
     will continue to include service costs and amortization of prior       
     service costs associated with HP's defined benefit pension and post-   
     retirement benefit plans. The reporting change had an immaterial impact
     to previously reported segment net revenue and earnings from           
     operations. This change had no impact on HP's previously reported      
     consolidated net revenue, earnings from operations, net earnings or net
     earnings per share.                                                    
                                                                            
                                                                            
                                                                            
                          HP INC. AND SUBSIDIARIES                          
                      SEGMENT/BUSINESS UNIT INFORMATION                     
                                 (Unaudited)                                
                                (In millions)                               
                                                                            
                                      Three months ended        Change (%)  
                                 ----------------------------  -----------  
                                  October  July 31,   October               
                                 31, 2016    2016    31, 2015   Q/Q    Y/Y  
                                 --------  --------  --------  ----   ----  
Net revenue:                                                                
Personal Systems                                                            
    Notebooks                    $  4,636  $  4,303  $  4,384     8%     6% 
    Desktops                        2,572     2,455     2,530     5%     2% 
    Workstations                      489       476       472     3%     4% 
    Other                             321       278       308    15%     4% 
                                                      --------    --------    --------                              
            Total  Personal  Systems                8,018          7,512          7,694          7%          4%  
                                                                  --------    --------    --------                              
Printing                                                                                                                                        
        Supplies                                                2,835          2,840          3,239    (0.2)%    (12)%
        Commercial  Hardware                          1,395          1,290          1,366          8%          2%  
        Consumer  Hardware                                  328              293              360        12%        (9)%
                                                                  --------    --------    --------                              
            Total  Printing                                4,558          4,423          4,965          3%        (8)%
                                                                  --------    --------    --------                              
    Corporate  Investments                                  1                --                  4      100%      (75)%
                                                                  --------    --------    --------                              
            Total  segments                              12,577        11,935        12,663          5%        (1)%
                                                                  --------    --------    --------                              
Intersegment  net  revenue                                                                                                        
  eliminations  and  other(a)                        (65)            (43)          (397)      NM          NM    
                                                                  --------    --------    --------                              
    Total  net  revenue                            $  12,512    $  11,892    $  12,266          5%          2%  
                                                                  ========    ========    ========                              
                                                                                                                                                        
  (a)  "NM"  represents  not  meaningful.                                                                                
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                    HP  INC.  AND  SUBSIDIARIES                                                    
                                            SEGMENT/BUSINESS  UNIT  INFORMATION                                          
                                                                  (Unaudited)                                                                
                                                                (In  millions)                                                              
                                                                                                                                                        
                                                                                            Twelve  months  ended      Change    
                                                                                                    October  31,                (%)        
                                                                                          --------------------    -------    
                                                                                                2016              2015            Y/Y        
                                                                                          ---------    ---------    -------    
Net  revenue:                                                                                                                                
Personal  Systems                                                                                                                        
    Notebooks                                                                    $    16,982    $    17,271              (2)%
    Desktops                                                                              9,956          10,941              (9)%
    Workstations                                                                      1,870            2,018              (7)%
    Other                                                                                    1,179            1,290              (9)%
                                                                                          ---------    ---------                      
        Total  Personal  Systems                                            29,987          31,520              (5)%
                                                                                          ---------    ---------                      
Printing                                                                                                                                        
    Supplies                                                                            11,875          13,979            (15)%
    Commercial  Hardware                                                        5,131            5,466              (6)%
    Consumer  Hardware                                                            1,254            1,787            (30)%
                                                                                          ---------    ---------                      
        Total  Printing                                                            18,260          21,232            (14)%
                                                                                          ---------    ---------                      
Corporate  Investments                                                                7                  20            (65)%
                                                                                          ---------    ---------                      
        Total  segments                                                            48,254          52,772              (9)%
                                                                                          ---------    ---------                      
Intersegment  net  revenue  eliminations  and                                                                      
  other(a)                                                                                    (16)        (1,309)            NM    
                                                                                          ---------    ---------                      
    Total  net  revenue                                                    $    48,238    $    51,463              (6)%
                                                                                          =========    =========                      
                                                                                                                                                        
  (a)  "NM"  represents  not  meaningful.                                                                                
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                    HP  INC.  AND  SUBSIDIARIES                                                    
                                        SEGMENT  OPERATING  MARGIN  SUMMARY  DATA                                      
                                                                  (Unaudited)                                                                
                                                                                                                                                        
                                                                                                                  Change  in  Operating
                                                                    Three  months  ended                  Margin  (pts)      
                                                            --------------------------  -------------------
                                                              October  July  31,    October                                        
                                                            31,  2016      2016      31,  2015        Q/Q              Y/Y      
                                                            --------  --------  --------  ---------  ---------
Segment  operating  margin:(a)                                                                                                
    Personal  Systems                                4.3%          4.4%          3.7%  (0.1)  pts      0.6  pts
    Printing                                              14.0%        20.4%        16.9%  (6.4)  pts  (2.9)  pts
Corporate  Investments(b)                        NM              NM              NM                NM                NM
        Total  segments                                7.6%        10.1%          8.7%  (2.5)  pts  (1.1)  pts
                                                                                                                                                        
(a)    Effective  at  the  beginning  of  its  first  quarter  of  fiscal  2016,  HP          
          implemented  a  reporting  change  to  provide  better  transparency  to  its      
          segment  operating  results.  This  reporting  change  resulted  in  the              
          exclusion  of  certain  market-related  factors  such  as  interest  cost,          
          expected  return  on  plan  assets,  amortized  actuarial  gains  or  losses,      
          and  impacts  from  other  market-related  factors  related  to  its  defined      
          benefit  pension  and  post-retirement  benefit  plans  from  its  segment          
          operating  results  ("Non-operating  retirement-related                                      
          credits/(charges)").  This  change  also  resulted  in  the  exclusion  of          
          certain  plan  curtailments,  settlements  and  special  termination  benefits
          related  to  its  defined  benefit  pension  and  post-retirement  benefit          
          plans  from  HP's  segment  operating  results.  Segment  operating  results      
          will  continue  to  include  service  costs  and  amortization  of  prior              
          service  costs  associated  with  HP's  defined  benefit  pension  and  post-      
          retirement  benefit  plans.  The  reporting  change  had  an  immaterial  impact
          to  previously  reported  segment  net  revenue  and  earnings  from                      
          operations.  This  change  had  no  impact  on  HP's  previously  reported            
          consolidated  net  revenue,  earnings  from  operations,  net  earnings  or  net
          earnings  per  share.                                                                                                        
                                                                                                                                                        
(b)    "NM"  represents  not  meaningful.                                                                                
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                    HP  INC.  AND  SUBSIDIARIES                                                    
                                CALCULATION  OF  DILUTED  NET  EARNINGS  PER  SHARE                              
                                                                  (Unaudited)                                                                
                                      (In  millions,  except  per  share  amounts)                                    
                                                                                                                                                        
                                                                                                          Three  months  ended          
                                                                                              -----------------------------
                                                                                                October      July  31,    October  
                                                                                                31,  2016        2016        31,  2015
                                                                                              ---------  ---------  ---------
Numerator:                                                                                                                                    
    GAAP  net  earnings  from  continuing  operations  $          513  $          843  $      1,515
                                                                                              =========  =========  =========
    Non-GAAP  net  earnings                                                $          614  $          826  $          548
                                                                                              =========  =========  =========
                                                                                                                                                        
Denominator:                                                                                                                                
    Weighted-average  shares  outstanding  during                                                                
      the  reporting  period                                                        1,712          1,711          1,802
    Dilutive  effect  of  employee  stock  plans(a)                    17                14                19
                                                                                              ---------  ---------  ---------
    Weighted-average  shares  used  to  compute                                                                      
      diluted  net  earnings  per  share                                    1,729          1,725          1,821
                                                                                              =========  =========  =========
                                                                                                                                                        
GAAP  diluted  net  earnings  per  share  from                                                                        
  continuing  operations                                                  $        0.30  $        0.49  $        0.83
                                                                                              =========  =========  =========
Non-GAAP  diluted  net  earnings  per  share                $        0.36  $        0.48  $        0.30
                                                                                              =========  =========  =========
                                                                                                                                                        
(a)    Includes  any  dilutive  effect  of  restricted  stock  units,  stock  options    
          and  performance-based  awards.                                                                                    
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                    HP  INC.  AND  SUBSIDIARIES                                                    
                                CALCULATION  OF  DILUTED  NET  EARNINGS  PER  SHARE                              
                                                                  (Unaudited)                                                                
                                      (In  millions,  except  per  share  amounts)                                    
                                                                                                                                                        
                                                                                                                          Twelve  months    
                                                                                                                      ended  October  31,
                                                                                                                      -----------------
                                                                                                                          2016          2015    
                                                                                                                      --------  --------
Numerator:                                                                                                                                    
    GAAP  net  earnings  from  continuing  operations                          $    2,666  $    3,718
                                                                                                                      --------  --------
    Non-GAAP  net  earnings                                                                        $    2,787  $    2,679
                                                                                                                      ========  ========
                                                                                                                                                        
Denominator:                                                                                                                                
    Weighted-average  shares  outstanding  during  the  reporting                                    
      period                                                                                                          1,730        1,814
    Dilutive  effect  of  employee  stock  plans(a)                                          13              22
                                                                                                                      --------  --------
    Weighted-average  shares  used  to  compute  diluted  net                                              
      earnings  per  share                                                                                  1,743        1,836
                                                                                                                      ========  ========
                                                                                                                                                        
    GAAP  diluted  net  earnings  per  share  from  continuing                                              
      operations                                                                                            $      1.53  $      2.02
                                                                                                                      ========  ========
    Non-GAAP  diluted  net  earnings  per  share                                    $      1.60  $      1.46
                                                                                                                      ========  ========
                                                                                                                                                        
(a)    Includes  any  dilutive  effect  of  restricted  stock  units,  stock  options    
          and  performance-based  awards.                                                                                    
                                                                                                                                                        
 

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