NET INCOME PER SHARE (Tables)

3 Months Ended

Jan. 31, 2024

Reconciliation of the numerators and denominators of the basic and diluted net income per share

The following table presents the calculation of basic and diluted net income per share:


	Three Months Ended
	January 31,
		2024		2023
in millions, except per-share amounts
Net income		$	172	$	260
Basic weighted-average shares		175		178
Potential common shares		1		2
Diluted weighted-average shares		176		180
Net income per share - basic		$	0.98	$	1.46
Net income per share - diluted		$	0.98	$	1.45

Diluted shares outstanding primarily include the dilutive effect of non-vested RSUs and in-the-money options. The diluted effect of such awards is calculated based on the average share price of each period using the treasury stock method, except where the inclusion of such awards would have an anti-dilutive impact. Anti-dilutive shares excluded from the calculation of diluted earnings per share were 0.7 million for the three months ended January 31, 2024. The impact was immaterial for the three months ended January 31, 2023.