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 2021 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 30				Six months ended April 30
	2026		2025		2026		2025
	In millions, except per share amounts
Numerator:
Net earnings	$	450	$	406	$	995	$	971
Denominator:
Weighted-average shares used to compute basic net EPS	922		950		924		949
Dilutive effect of employee stock plans	3		6		4		7
Weighted-average shares used to compute diluted net EPS	925		956		928		956
Net earnings per share:
Basic	$	0.49	$	0.43	$	1.08	$	1.02
Diluted	$	0.49	$	0.42	$	1.07	$	1.02
Anti-dilutive weighted-average stock plans(1)	20		10		19		7

(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 average unrecognized compensation cost.