| 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, 2020 | January 31, 2020 | April 30, 2019 | |||||||||||||||||||||
| Amounts |
Diluted
net earnings per share | Amounts |
Diluted
net earnings per share | Amounts |
Diluted
net earnings per share | ||||||||||||||||||
| GAAP net earnings | $ | 764 | $ | 0.53 | $ | 678 | $ | 0.46 | $ | 782 | $ | 0.51 | |||||||||||
| Non-GAAP adjustments: | |||||||||||||||||||||||
| Restructuring and other charges | 81 | 0.06 | 291 | 0.20 | 69 | 0.03 | |||||||||||||||||
| Acquisition-related charges | 3 | — | — | — | 11 | 0.01 | |||||||||||||||||
| Amortization of intangible assets | 29 | 0.02 | 26 | 0.02 | 29 | 0.02 | |||||||||||||||||
| Non-operating retirement-related credits | (56 | ) | (0.04 | ) | (57 | ) | (0.04 | ) | (10 | ) | (0.01 | ) | |||||||||||
| Tax adjustments (a) | (80 | ) | (0.06 | ) | 18 | 0.01 | (60 | ) | (0.03 | ) | |||||||||||||
| Non-GAAP net earnings | $ | 741 | $ | 0.51 | $ | 956 | $ | 0.65 | $ | 821 | $ | 0.53 | |||||||||||
| GAAP earnings from operations | $ | 826 | $ | 865 | $ | 928 | |||||||||||||||||
| Non-GAAP adjustments: | |||||||||||||||||||||||
| Restructuring and other charges | 81 | 291 | 69 | ||||||||||||||||||||
| Acquisition-related charges | 3 | — | 11 | ||||||||||||||||||||
| Amortization of intangible assets | 29 | 26 | 29 | ||||||||||||||||||||
| Non-GAAP earnings from operations | $ | 939 | $ | 1,182 | $ | 1,037 | |||||||||||||||||
| GAAP operating margin | 7 | % | 6 | % | 7 | % | |||||||||||||||||
| Non-GAAP adjustments | 1 | % | 2 | % | 0 | % | |||||||||||||||||
| Non-GAAP operating margin | 8 | % | 8 | % | 7 | % | |||||||||||||||||
