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Net Earnings Per Share
6 Months Ended
Apr. 30, 2021
Earnings Per Share [Abstract]  
Net Earnings Per Share Net Earnings Per Share
HP calculates basic net EPS using net earnings and the weighted-average number of shares outstanding during the reporting period. Diluted net EPS includes any dilutive effect of restricted stock units, stock options, performance-based awards and shares purchased under the 2011 employee stock purchase plan.
A reconciliation of the number of shares used for basic and diluted net EPS calculations is as follows:
 Three months ended April 30Six months ended April 30
 2021202020212020
 In millions, except per share amounts
Numerator:  
Net earnings$1,228 $764 $2,296 $1,442 
Denominator:  
Weighted-average shares used to compute basic net EPS1,234 1,435 1,260 1,444 
Dilutive effect of employee stock plans13 10 
Weighted-average shares used to compute diluted net EPS1,247 1,440 1,270 1,450 
Net earnings per share:  
Basic$1.00 $0.53 $1.82 $1.00 
Diluted$0.98 $0.53 $1.81 $0.99 
Anti-dilutive weighted-average stock-based compensation awards(1)
— 14 12 
(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.