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 July 31				Nine months ended July 31
	2026		2025		2026		2025
	In millions, except per share amounts
Numerator:
Net earnings	$	661	$	763	$	1,656	$	1,734
Denominator:
Weighted-average shares used to compute basic net EPS	919		947		922		948
Dilutive effect of employee stock plans	8		7		5		7
Weighted-average shares used to compute diluted net EPS	927		954		927		955
Net earnings per share:
Basic	$	0.72	$	0.81	$	1.80	$	1.83
Diluted	$	0.71	$	0.80	$	1.79	$	1.82
Anti-dilutive weighted-average stock plans(1)	12		14		17		8

(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.