Net Earnings Per Share (Tables)

9 Months Ended

Jul. 31, 2020

Earnings Per Share [Abstract]

Basic and Diluted Net Earnings Per Share Calculations

A reconciliation of the number of shares used for basic and diluted net EPS calculations is as follows:

	Three months ended July 31				Nine months ended July 31
	2020		2019		2020		2019
	In millions, except per share amounts
Numerator:
Net earnings	$	734	$	1,179	$	2,176	$	2,764
Denominator:
Weighted-average shares used to compute basic net EPS	1,417		1,499		1,435		1,528
Dilutive effect of employee stock plans	6		9		6		9
Weighted-average shares used to compute diluted net EPS	1,423		1,508		1,441		1,537
Net earnings per share:
Basic	$	0.52	$	0.79	$	1.52	$	1.81
Diluted	$	0.52	$	0.78	$	1.51	$	1.80
Anti-dilutive weighted-average stock-based compensation awards(1)	15		7		13		6

⁽¹⁾HP excludes from the calculation of diluted net EPS stock options and restricted stock units where the assumed proceeds exceed the average market price, because their effect would be anti-dilutive. The assumed proceeds of a stock option include the sum of its exercise price, and average unrecognized compensation cost. The assumed proceeds of a restricted stock unit represent unrecognized compensation cost.