Attached files
| file | filename |
|---|---|
| 8-K - Q115 FORM 8-K - HP INC | q1form8-k_22015.htm |
| EX-99.1 - Q115 EXHIBIT 99.1 - HP INC | q1exhibit99-1_22015.htm |
| EX-99.2 - Q115 EXHIBIT 99.2 - HP INC | q1exhibit99-2_22015.htm |
EXHIBIT 99.3
 |
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
FISCAL 2014 SEGMENT INFORMATION (Revised)
(Unaudited)
(In millions)
|
|
REVISED AMOUNTS
|
AMOUNTS AS PREVIOUSLY REPORTED
|
CHANGE
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Three months ended
|
Twelve
months
ended
|
Three months ended
|
Twelve
months
ended
|
Three months ended
|
Twelve months ended
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Jan. 31,
2014
|
Apr. 30,
2014
|
Jul. 31,
2014
|
Oct. 31,
2014
|
Oct. 31,
2014
|
Jan. 31,
2014
|
Apr. 30,
2014
|
Jul. 31,
2014
|
Oct. 31,
2014
|
Oct. 31,
2014
|
Jan. 31,
2014
|
Apr. 30,
2014
|
Jul. 31,
2014
|
Oct. 31,
2014
|
Oct. 31,
2014
|
||||||||||||||||||||||||||||||||||||||||||||||
|
Net revenue: (a)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Personal Systems
|
$
|
8,530
|
$
|
8,176
|
$
|
8,649
|
$
|
8,948
|
$
|
34,303
|
$
|
8,530
|
$
|
8,176
|
$
|
8,649
|
$
|
8,948
|
$
|
34,303
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||||||||||||||||||||||
|
Printing
|
5,815
|
5,834
|
5,590
|
5,740
|
22,979
|
5,815
|
5,834
|
5,590
|
5,740
|
22,979
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Printing and Personal Systems Group
|
14,345
|
14,010
|
14,239
|
14,688
|
57,282
|
14,345
|
14,010
|
14,239
|
14,688
|
57,282
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Enterprise Group
|
6,970
|
6,633
|
6,872
|
7,248
|
27,723
|
6,993
|
6,657
|
6,894
|
7,270
|
27,814
|
(23
|
)
|
(24
|
)
|
(22
|
)
|
(22
|
)
|
(91
|
)
|
||||||||||||||||||||||||||||||||||||||||
|
Enterprise Services
|
5,595
|
5,702
|
5,590
|
5,511
|
22,398
|
5,595
|
5,702
|
5,590
|
5,511
|
22,398
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Software
|
916
|
971
|
959
|
1,087
|
3,933
|
916
|
971
|
959
|
1,087
|
3,933
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
HP Financial Services
|
870
|
867
|
855
|
906
|
3,498
|
870
|
867
|
855
|
906
|
3,498
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Corporate Investments
|
288
|
6
|
3
|
5
|
302
|
288
|
6
|
3
|
5
|
302
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total segments
|
28,984
|
28,189
|
28,518
|
29,445
|
115,136
|
29,007
|
28,213
|
28,540
|
29,467
|
115,227
|
(23
|
)
|
(24
|
)
|
(22
|
)
|
(22
|
)
|
(91
|
)
|
||||||||||||||||||||||||||||||||||||||||
|
Elimination of intersegment net revenue and other
|
(830
|
)
|
(880
|
)
|
(933
|
)
|
(1,039
|
)
|
(3,682
|
)
|
(853
|
)
|
(904
|
)
|
(955
|
)
|
(1,061
|
)
|
(3,773
|
)
|
23
|
24
|
22
|
22
|
91
|
|||||||||||||||||||||||||||||||||||
|
Total HP consolidated net revenue
|
$
|
28,154
|
$
|
27,309
|
$
|
27,585
|
$
|
28,406
|
$
|
111,454
|
$
|
28,154
|
$
|
27,309
|
$
|
27,585
|
$
|
28,406
|
$
|
111,454
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||||||||||||||||||||||
|
Earnings before taxes: (a)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Personal Systems
|
$
|
279
|
$
|
290
|
$
|
346
|
$
|
355
|
$
|
1,270
|
$
|
279
|
$
|
290
|
$
|
346
|
$
|
355
|
$
|
1,270
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||||||||||||||||||||||
|
Printing
|
979
|
1,140
|
1,026
|
1,040
|
4,185
|
979
|
1,140
|
1,026
|
1,040
|
4,185
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Printing and Personal Systems Group
|
1,258
|
1,430
|
1,372
|
1,395
|
5,455
|
1,258
|
1,430
|
1,372
|
1,395
|
5,455
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Enterprise Group
|
1,003
|
957
|
963
|
1,072
|
3,995
|
1,006
|
961
|
966
|
1,075
|
4,008
|
(3
|
)
|
(4
|
)
|
(3
|
)
|
(3
|
)
|
(13
|
)
|
||||||||||||||||||||||||||||||||||||||||
|
Enterprise Services
|
60
|
148
|
231
|
377
|
816
|
57
|
144
|
228
|
374
|
803
|
3
|
4
|
3
|
3
|
13
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Software
|
145
|
186
|
203
|
338
|
872
|
145
|
186
|
203
|
338
|
872
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
HP Financial Services
|
101
|
99
|
79
|
110
|
389
|
101
|
99
|
79
|
110
|
389
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Corporate Investments
|
121
|
(98
|
)
|
(115
|
)
|
(107
|
)
|
(199
|
)
|
121
|
(98
|
)
|
(115
|
)
|
(107
|
)
|
(199
|
)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||
|
Total segment earnings from operations
|
2,688
|
2,722
|
2,733
|
3,185
|
11,328
|
2,688
|
2,722
|
2,733
|
3,185
|
11,328
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Corporate and unallocated costs and eliminations
|
(121
|
)
|
(251
|
)
|
(265
|
)
|
(316
|
)
|
(953
|
)
|
(121
|
)
|
(251
|
)
|
(265
|
)
|
(316
|
)
|
(953
|
)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Stock-based compensation expense
|
(170
|
)
|
(130
|
)
|
(132
|
)
|
(128
|
)
|
(560
|
)
|
(170
|
)
|
(130
|
)
|
(132
|
)
|
(128
|
)
|
(560
|
)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Amortization of intangible assets
|
(283
|
)
|
(264
|
)
|
(227
|
)
|
(226
|
)
|
(1,000
|
)
|
(283
|
)
|
(264
|
)
|
(227
|
)
|
(226
|
)
|
(1,000
|
)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Restructuring charges
|
(114
|
)
|
(252
|
)
|
(649
|
)
|
(604
|
)
|
(1,619
|
)
|
(114
|
)
|
(252
|
)
|
(649
|
)
|
(604
|
)
|
(1,619
|
)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Acquisition-related charges
|
(3
|
)
|
(3
|
)
|
(2
|
)
|
(3
|
)
|
(11
|
)
|
(3
|
)
|
(3
|
)
|
(2
|
)
|
(3
|
)
|
(11
|
)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Interest and other, net
|
(163
|
)
|
(174
|
)
|
(145
|
)
|
(146
|
)
|
(628
|
)
|
(163
|
)
|
(174
|
)
|
(145
|
)
|
(146
|
)
|
(628
|
)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Total HP consolidated earnings before taxes
|
$
|
1,834
|
$
|
1,648
|
$
|
1,313
|
$
|
1,762
|
$
|
6,557
|
$
|
1,834
|
$
|
1,648
|
$
|
1,313
|
$
|
1,762
|
$
|
6,557
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||||||||||||||||||||||
| (a) |
Effective at the beginning of its first quarter of fiscal 2015, HP implemented an organizational change to align its segment financial reporting more closely with its current business structure. This organizational change resulted in the transfer of third party multi-vendor support arrangements from the Technology Services business unit within the Enterprise Group segment to the Infrastructure Technology Outsourcing business unit within the Enterprise Services segment. HP reflected this change to its segment information in prior reporting periods on an as-if basis, which resulted in the removal of intersegment revenue from the Technology Services business unit within the Enterprise Group segment and the related corporate intersegment revenue eliminations, and the transfer of operating profit from the Technology Services business unit within the Enterprise Group segment to the Infrastructure Technology Outsourcing business unit within the Enterprise Services segment. This change had no impact on HP’s previously reported consolidated net revenue, earnings from operations, net earnings or net earnings per share.
|
Page 1 of 6
| |
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
FISCAL 2013 SEGMENT INFORMATION (Revised)
(Unaudited)
(In millions
|
|
REVISED AMOUNTS
|
AMOUNTS AS PREVIOUSLY REPORTED
|
CHANGE
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Three months ended
|
Twelve
months
ended
|
Three months ended
|
Twelve
months
ended
|
Three months ended
|
Twelve
months
ended
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Jan. 31,
2013
|
Apr. 30,
2013
|
Jul. 31,
2013
|
Oct. 31,
2013
|
Oct. 31,
2013
|
Jan. 31,
2013
|
Apr. 30,
2013
|
Jul. 31,
2013
|
Oct. 31,
2013
|
Oct. 31,
2013
|
Jan. 31,
2013
|
Apr. 30,
2013
|
Jul. 31,
2013
|
Oct. 31,
2013
|
Oct. 31,
2013
|
||||||||||||||||||||||||||||||||||||||||||||||
|
Net revenue: (a)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Personal Systems
|
$
|
8,232
|
$
|
7,610
|
$
|
7,733
|
$
|
8,604
|
$
|
32,179
|
$
|
8,232
|
$
|
7,610
|
$
|
7,733
|
$
|
8,604
|
$
|
32,179
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||||||||||||||||||||||
|
Printing
|
5,946
|
6,094
|
5,809
|
6,047
|
23,896
|
5,946
|
6,094
|
5,809
|
6,047
|
23,896
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Printing and Personal Systems Group
|
14,178
|
13,704
|
13,542
|
14,651
|
56,075
|
14,178
|
13,704
|
13,542
|
14,651
|
56,075
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Enterprise Group
|
6,929
|
6,774
|
6,745
|
7,555
|
28,003
|
6,948
|
6,794
|
6,764
|
7,575
|
28,081
|
(19
|
)
|
(20
|
)
|
(19
|
)
|
(20
|
)
|
(78
|
)
|
||||||||||||||||||||||||||||||||||||||||
|
Enterprise Services
|
6,038
|
6,133
|
5,972
|
5,918
|
24,061
|
6,038
|
6,133
|
5,972
|
5,918
|
24,061
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Software
|
951
|
967
|
1,010
|
1,093
|
4,021
|
951
|
967
|
1,010
|
1,093
|
4,021
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
HP Financial Services
|
957
|
881
|
879
|
912
|
3,629
|
957
|
881
|
879
|
912
|
3,629
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Corporate Investments
|
4
|
10
|
5
|
5
|
24
|
4
|
10
|
5
|
5
|
24
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total segments
|
29,057
|
28,469
|
28,153
|
30,134
|
115,813
|
29,076
|
28,489
|
28,172
|
30,154
|
115,891
|
(19
|
)
|
(20
|
)
|
(19
|
)
|
(20
|
)
|
(78
|
)
|
||||||||||||||||||||||||||||||||||||||||
|
Elimination of intersegment net revenue and other
|
(698
|
)
|
(887
|
)
|
(927
|
)
|
(1,003
|
)
|
(3,515
|
)
|
(717
|
)
|
(907
|
)
|
(946
|
)
|
(1,023
|
)
|
(3,593
|
)
|
19
|
20
|
19
|
20
|
78
|
|||||||||||||||||||||||||||||||||||
|
Total HP consolidated net revenue
|
$
|
28,359
|
$
|
27,582
|
$
|
27,226
|
$
|
29,131
|
$
|
112,298
|
$
|
28,359
|
$
|
27,582
|
$
|
27,226
|
$
|
29,131
|
$
|
112,298
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||||||||||||||||||||||
|
Earnings before taxes: (a)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Personal Systems
|
$
|
233
|
$
|
244
|
$
|
238
|
$
|
265
|
$
|
980
|
$
|
233
|
$
|
244
|
$
|
238
|
$
|
265
|
$
|
980
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||||||||||||||||||||||
|
Printing
|
967
|
970
|
915
|
1,081
|
3,933
|
967
|
970
|
915
|
1,081
|
3,933
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Printing and Personal Systems Group
|
1,200
|
1,214
|
1,153
|
1,346
|
4,913
|
1,200
|
1,214
|
1,153
|
1,346
|
4,913
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Enterprise Group
|
1,067
|
1,070
|
1,020
|
1,088
|
4,245
|
1,070
|
1,074
|
1,023
|
1,092
|
4,259
|
(3
|
)
|
(4
|
)
|
(3
|
)
|
(4
|
)
|
(14
|
)
|
||||||||||||||||||||||||||||||||||||||||
|
Enterprise Services
|
79
|
160
|
195
|
259
|
693
|
76
|
156
|
192
|
255
|
679
|
3
|
4
|
3
|
4
|
14
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Software
|
155
|
180
|
203
|
330
|
868
|
155
|
180
|
203
|
330
|
868
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
HP Financial Services
|
101
|
97
|
99
|
102
|
399
|
101
|
97
|
99
|
102
|
399
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Corporate Investments
|
(73
|
)
|
(75
|
)
|
(82
|
)
|
(86
|
)
|
(316
|
)
|
(73
|
)
|
(75
|
)
|
(82
|
)
|
(86
|
)
|
(316
|
)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Total segment earnings from operations
|
2,529
|
2,646
|
2,588
|
3,039
|
10,802
|
2,529
|
2,646
|
2,588
|
3,039
|
10,802
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Corporate and unallocated costs and eliminations
|
(109
|
)
|
(169
|
)
|
(185
|
)
|
(323
|
)
|
(786
|
)
|
(109
|
)
|
(169
|
)
|
(185
|
)
|
(323
|
)
|
(786
|
)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Stock-based compensation expense
|
(184
|
)
|
(107
|
)
|
(107
|
)
|
(102
|
)
|
(500
|
)
|
(184
|
)
|
(107
|
)
|
(107
|
)
|
(102
|
)
|
(500
|
)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Amortization of intangible assets
|
(350
|
)
|
(350
|
)
|
(356
|
)
|
(317
|
)
|
(1,373
|
)
|
(350
|
)
|
(350
|
)
|
(356
|
)
|
(317
|
)
|
(1,373
|
)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Restructuring charges
|
(130
|
)
|
(408
|
)
|
(81
|
)
|
(371
|
)
|
(990
|
)
|
(130
|
)
|
(408
|
)
|
(81
|
)
|
(371
|
)
|
(990
|
)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Acquisition-related charges
|
(4
|
)
|
(11
|
)
|
(4
|
)
|
(3
|
)
|
(22
|
)
|
(4
|
)
|
(11
|
)
|
(4
|
)
|
(3
|
)
|
(22
|
)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Interest and other, net
|
(179
|
)
|
(193
|
)
|
(146
|
)
|
(103
|
)
|
(621
|
)
|
(179
|
)
|
(193
|
)
|
(146
|
)
|
(103
|
)
|
(621
|
)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Total HP consolidated earnings before taxes
|
$
|
1,573
|
$
|
1,408
|
$
|
1,709
|
$
|
1,820
|
$
|
6,510
|
$
|
1,573
|
$
|
1,408
|
$
|
1,709
|
$
|
1,820
|
$
|
6,510
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||||||||||||||||||||||
| (a) |
Effective at the beginning of its first quarter of fiscal 2015, HP implemented an organizational change to align its segment financial reporting more closely with its current business structure. This organizational change resulted in the transfer of third party multi-vendor support arrangements from the Technology Services business unit within the Enterprise Group segment to the Infrastructure Technology Outsourcing business unit within the Enterprise Services segment. HP reflected this change to its segment information in prior reporting periods on an as-if basis, which resulted in the removal of intersegment revenue from the Technology Services business unit within the Enterprise Group segment and the related corporate intersegment revenue eliminations, and the transfer of operating profit from the Technology Services business unit within the Enterprise Group segment to the Infrastructure Technology Outsourcing business unit within the Enterprise Services segment. This change had no impact on HP’s previously reported consolidated net revenue, earnings from operations, net earnings or net earnings per share.
|
Page 2 of 6
| |
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
FISCAL 2014 SEGMENT INFORMATION (Revised)
(Unaudited)
|
|
REVISED AMOUNTS
|
AMOUNTS AS PREVIOUSLY REPORTED
|
CHANGE
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Three months ended
|
Twelve
months
ended
|
Three months ended
|
Twelve
months
ended
|
Three months ended
|
Twelve
months
ended
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Jan. 31,
2014
|
Apr. 30,
2014
|
Jul. 31,
2014
|
Oct. 31,
2014
|
Oct. 31,
2014
|
Jan. 31,
2014
|
Apr. 30,
2014
|
Jul. 31,
2014
|
Oct. 31,
2014
|
Oct. 31,
2014
|
Jan. 31,
2014
|
Apr. 30,
2014
|
Jul. 31,
2014
|
Oct. 31,
2014
|
Oct. 31,
2014
|
||||||||||||||||||||||||||||||||||||||||||||||
|
Segment operating margin: (a)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Personal Systems
|
3.3
|
%
|
3.5
|
%
|
4.0
|
%
|
4.0
|
%
|
3.7
|
%
|
3.3
|
%
|
3.5
|
%
|
4.0
|
%
|
4.0
|
%
|
3.7
|
%
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Printing
|
16.8
|
%
|
19.5
|
%
|
18.4
|
%
|
18.1
|
%
|
18.2
|
%
|
16.8
|
%
|
19.5
|
%
|
18.4
|
%
|
18.1
|
%
|
18.2
|
%
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Total Printing and Personal Systems Group
|
8.8
|
%
|
10.2
|
%
|
9.6
|
%
|
9.5
|
%
|
9.5
|
%
|
8.8
|
%
|
10.2
|
%
|
9.6
|
%
|
9.5
|
%
|
9.5
|
%
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Enterprise Group
|
14.4
|
%
|
14.4
|
%
|
14.0
|
%
|
14.8
|
%
|
14.4
|
%
|
14.4
|
%
|
14.4
|
%
|
14.0
|
%
|
14.8
|
%
|
14.4
|
%
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Enterprise Services
|
1.1
|
%
|
2.6
|
%
|
4.1
|
%
|
6.8
|
%
|
3.6
|
%
|
1.0
|
%
|
2.5
|
%
|
4.1
|
%
|
6.8
|
%
|
3.6
|
%
|
0.1 pts
|
0.1 pts
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Software
|
15.8
|
%
|
19.2
|
%
|
21.2
|
%
|
31.1
|
%
|
22.2
|
%
|
15.8
|
%
|
19.2
|
%
|
21.2
|
%
|
31.1
|
%
|
22.2
|
%
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
HP Financial Services
|
11.6
|
%
|
11.4
|
%
|
9.2
|
%
|
12.1
|
%
|
11.1
|
%
|
11.6
|
%
|
11.4
|
%
|
9.2
|
%
|
12.1
|
%
|
11.1
|
%
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Corporate Investments (b)
|
42.0
|
%
|
NM
|
NM
|
NM
|
(65.9
|
%)
|
42.0
|
%
|
NM
|
NM
|
NM
|
(65.9
|
%)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||
| Total Segments | 9.3 |
%
|
9.7 |
%
|
9.6 |
%
|
10.8 |
%
|
9.8 |
%
|
9.3 |
%
|
9.6 |
%
|
9.6 |
%
|
10.8 |
%
|
9.8 | % | - | 0.1 pts | - | - | - | |||||||||||||||||||||||||||||||||||
| (a) |
Effective at the beginning of its first quarter of fiscal 2015, HP implemented an organizational change to align its segment financial reporting more closely with its current business structure. This organizational change resulted in the transfer of third party multi-vendor support arrangements from the Technology Services business unit within the Enterprise Group segment to the Infrastructure Technology Outsourcing business unit within the Enterprise Services segment. HP reflected this change to its segment information in prior reporting periods on an as-if basis, which resulted in the removal of intersegment revenue from the Technology Services business unit within the Enterprise Group segment and the related corporate intersegment revenue eliminations, and the transfer of operating profit from the Technology Services business unit within the Enterprise Group segment to the Infrastructure Technology Outsourcing business unit within the Enterprise Services segment. This change had no impact on HP’s previously reported consolidated net revenue, earnings from operations, net earnings or net earnings per share.
|
| (b) | "NM" represents not meaningful. |
Page 3 of 6
| |
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
FISCAL 2013 SEGMENT INFORMATION (Revised)
(Unaudited)
|
|
REVISED AMOUNTS
|
AMOUNTS AS PREVIOUSLY REPORTED
|
CHANGE
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Three months ended
|
Twelve
months
ended
|
Three months ended
|
Twelve
months
ended
|
Three months ended
|
Twelve
months
ended
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Jan. 31,
2013
|
Apr. 30,
2013
|
Jul. 31,
2013
|
Oct. 31,
2013
|
Oct. 31,
2013
|
Jan. 31,
2013
|
Apr. 30,
2013
|
Jul. 31,
2013
|
Oct. 31,
2013
|
Oct. 31,
2013
|
Jan. 31,
2013
|
Apr. 30,
2013
|
Jul. 31,
2013
|
Oct. 31,
2013
|
Oct. 31,
2013
|
||||||||||||||||||||||||||||||||||||||||||||||
|
Segment operating margin: (a)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Personal Systems
|
2.8
|
%
|
3.2
|
%
|
3.1
|
%
|
3.1
|
%
|
3.0
|
%
|
2.8
|
%
|
3.2
|
%
|
3.1
|
%
|
3.1
|
%
|
3.0
|
%
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Printing
|
16.3
|
%
|
15.9
|
%
|
15.8
|
%
|
17.9
|
%
|
16.5
|
%
|
16.3
|
%
|
15.9
|
%
|
15.8
|
%
|
17.9
|
%
|
16.5
|
%
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Total Printing and Personal Systems Group
|
8.5
|
%
|
8.9
|
%
|
8.5
|
%
|
9.2
|
%
|
8.8
|
%
|
8.5
|
%
|
8.9
|
%
|
8.5
|
%
|
9.2
|
%
|
8.8
|
%
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Enterprise Group
|
15.4
|
%
|
15.8
|
%
|
15.1
|
%
|
14.4
|
%
|
15.2
|
%
|
15.4
|
%
|
15.8
|
%
|
15.1
|
%
|
14.4
|
%
|
15.2
|
%
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Enterprise Services
|
1.3
|
%
|
2.6
|
%
|
3.3
|
%
|
4.4
|
%
|
2.9
|
%
|
1.3
|
%
|
2.5
|
%
|
3.2
|
%
|
4.3
|
%
|
2.8
|
%
|
-
|
0.1 pts
|
0.1 pts
|
0.1 pts
|
0.1 pts
|
|||||||||||||||||||||||||||||||||||
|
Software
|
16.3
|
%
|
18.6
|
%
|
20.1
|
%
|
30.2
|
%
|
21.6
|
%
|
16.3
|
%
|
18.6
|
%
|
20.1
|
%
|
30.2
|
%
|
21.6
|
%
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
HP Financial Services
|
10.6
|
%
|
11.0
|
%
|
11.3
|
%
|
11.2
|
%
|
11.0
|
%
|
10.6
|
%
|
11.0
|
%
|
11.3
|
%
|
11.2
|
%
|
11.0
|
%
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||
|
Corporate Investments (b)
|
NM
|
NM
|
NM
|
NM
|
NM
|
NM
|
NM
|
NM
|
NM
|
NM
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
| Total Segments | 8.7 |
%
|
9.3 |
%
|
9.2 |
%
|
10.1 |
%
|
9.3 |
%
|
8.7 |
%
|
9.3 |
%
|
9.2 |
%
|
10.1 |
%
|
9.3 |
%
|
- | - | - | - | - | |||||||||||||||||||||||||||||||||||
| (a) |
Effective at the beginning of its first quarter of fiscal 2015, HP implemented an organizational change to align its segment financial reporting more closely with its current business structure. This organizational change resulted in the transfer of third party multi-vendor support arrangements from the Technology Services business unit within the Enterprise Group segment to the Infrastructure Technology Outsourcing business unit within the Enterprise Services segment. HP reflected this change to its segment information in prior reporting periods on an as-if basis, which resulted in the removal of intersegment revenue from the Technology Services business unit within the Enterprise Group segment and the related corporate intersegment revenue eliminations, and the transfer of operating profit from the Technology Services business unit within the Enterprise Group segment to the Infrastructure Technology Outsourcing business unit within the Enterprise Services segment. This change had no impact on HP’s previously reported consolidated net revenue, earnings from operations, net earnings or net earnings per share.
|
| (b) | "NM" represents not meaningful. |
Page 4 of 6
| |
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
FISCAL 2014 SEGMENT / BUSINESS UNIT INFORMATION (Revised)
(Unaudited
(In millions)
|
| REVISED AMOUNTS |
AMOUNTS AS PREVIOUSLY REPORTED
|
CHANGE
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Three months ended
|
Twelve
months
ended
|
Three months ended
|
Twelve
months
ended
|
Three months ended
|
Twelve
months
ended
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Jan. 31,
2014
|
Apr. 30,
2014
|
Jul. 31,
2014
|
Oct. 31,
2014
|
Oct. 31,
2014
|
Jan. 31,
2014
|
Apr. 30,
2014
|
Jul. 31,
2014
|
Oct. 31,
2014
|
Oct. 31,
2014
|
Jan. 31,
2014
|
Apr. 30,
2014
|
Jul. 31,
2014
|
Oct. 31,
2014
|
Oct. 31,
2014
|
||||||||||||||||||||||||||||||||||||||||||||||
|
Net revenue: (a)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Printing and Personal Systems Group
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Personal Systems
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Notebooks
|
$
|
4,335
|
$
|
3,977
|
$
|
4,359
|
$
|
4,869
|
$
|
17,540
|
$
|
4,335
|
$
|
3,977
|
$
|
4,359
|
$
|
4,869
|
$
|
17,540
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||||||||||||||||||||||
|
Desktops
|
3,274
|
3,343
|
3,395
|
3,185
|
13,197
|
3,274
|
3,343
|
3,395
|
3,185
|
13,197
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Workstations
|
533
|
548
|
579
|
558
|
2,218
|
533
|
548
|
579
|
558
|
2,218
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
|
388
|
308
|
316
|
336
|
1,348
|
388
|
308
|
316
|
336
|
1,348
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Personal Systems
|
8,530
|
8,176
|
8,649
|
8,948
|
34,303
|
8,530
|
8,176
|
8,649
|
8,948
|
34,303
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Printing
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Supplies
|
3,795
|
3,866
|
3,660
|
3,596
|
14,917
|
3,795
|
3,866
|
3,660
|
3,596
|
14,917
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Commercial Hardware
|
1,347
|
1,402
|
1,401
|
1,567
|
5,717
|
1,347
|
1,402
|
1,401
|
1,567
|
5,717
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Consumer Hardware
|
673
|
566
|
529
|
577
|
2,345
|
673
|
566
|
529
|
577
|
2,345
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Printing
|
5,815
|
5,834
|
5,590
|
5,740
|
22,979
|
5,815
|
5,834
|
5,590
|
5,740
|
22,979
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Printing and Personal Systems Group
|
14,345
|
14,010
|
14,239
|
14,688
|
57,282
|
14,345
|
14,010
|
14,239
|
14,688
|
57,282
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Enterprise Group
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Industry Standard Servers
|
3,178
|
2,829
|
3,097
|
3,370
|
12,474
|
3,178
|
2,829
|
3,097
|
3,370
|
12,474
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Technology Services
|
2,100
|
2,108
|
2,074
|
2,093
|
8,375
|
2,123
|
2,132
|
2,096
|
2,115
|
8,466
|
(23
|
)
|
(24
|
)
|
(22
|
)
|
(22
|
)
|
(91
|
)
|
||||||||||||||||||||||||||||||||||||||||
|
Storage
|
834
|
808
|
796
|
878
|
3,316
|
834
|
808
|
796
|
878
|
3,316
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Networking
|
630
|
658
|
672
|
669
|
2,629
|
630
|
658
|
672
|
669
|
2,629
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Business Critical Systems
|
228
|
230
|
233
|
238
|
929
|
228
|
230
|
233
|
238
|
929
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Enterprise Group
|
6,970
|
6,633
|
6,872
|
7,248
|
27,723
|
6,993
|
6,657
|
6,894
|
7,270
|
27,814
|
(23
|
)
|
(24
|
)
|
(22
|
)
|
(22
|
)
|
(91
|
)
|
||||||||||||||||||||||||||||||||||||||||
|
Enterprise Services
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Infrastructure Technology Outsourcing
|
3,501
|
3,597
|
3,494
|
3,446
|
14,038
|
3,501
|
3,597
|
3,494
|
3,446
|
14,038
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Application and Business Services
|
2,094
|
2,105
|
2,096
|
2,065
|
8,360
|
2,094
|
2,105
|
2,096
|
2,065
|
8,360
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Enterprise Services
|
5,595
|
5,702
|
5,590
|
5,511
|
22,398
|
5,595
|
5,702
|
5,590
|
5,511
|
22,398
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Software
|
916
|
971
|
959
|
1,087
|
3,933
|
916
|
971
|
959
|
1,087
|
3,933
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
HP Financial Services
|
870
|
867
|
855
|
906
|
3,498
|
870
|
867
|
855
|
906
|
3,498
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Corporate Investments
|
288
|
6
|
3
|
5
|
302
|
288
|
6
|
3
|
5
|
302
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total segments
|
28,984
|
28,189
|
28,518
|
29,445
|
115,136
|
29,007
|
28,213
|
28,540
|
29,467
|
115,227
|
(23
|
)
|
(24
|
)
|
(22
|
)
|
(22
|
)
|
(91
|
)
|
||||||||||||||||||||||||||||||||||||||||
|
Elimination of intersegment net revenue and other
|
(830
|
)
|
(880
|
)
|
(933
|
)
|
(1,039
|
)
|
(3,682
|
)
|
(853
|
)
|
(904
|
)
|
(955
|
)
|
(1,061
|
)
|
(3,773
|
)
|
23
|
24
|
22
|
22
|
91
|
|||||||||||||||||||||||||||||||||||
|
Total HP consolidated net revenue
|
$
|
28,154
|
$
|
27,309
|
$
|
27,585
|
$
|
28,406
|
$
|
111,454
|
$
|
28,154
|
$
|
27,309
|
$
|
27,585
|
$
|
28,406
|
$
|
111,454
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||||||||||||||||||||||
| (a) |
Effective at the beginning of its first quarter of fiscal 2015, HP implemented an organizational change to align its segment financial reporting more closely with its current business structure. This organizational change resulted in the transfer of third party multi-vendor support arrangements from the Technology Services business unit within the Enterprise Group segment to the Infrastructure Technology Outsourcing business unit within the Enterprise Services segment. HP reflected this change to its segment information in prior reporting periods on an as-if basis, which resulted in the removal of intersegment revenue from the Technology Services business unit within the Enterprise Group segment and the related corporate intersegment revenue eliminations. This change had no impact on HP’s previously reported consolidated net revenue, earnings from operations, net earnings or net earnings per share.
|
Page 5 of 6
| |
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
FISCAL 2013 SEGMENT / BUSINESS UNIT INFORMATION (Revised)
(Unaudited)
(In millions)
|
|
REVISED AMOUNTS
|
AMOUNTS AS PREVIOUSLY REPORTED
|
CHANGE
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Three months ended
|
Twelve
months
ended
|
Three months ended
|
Twelve
months
ended
|
Three months ended
|
Twelve
months
ended
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Jan. 31,
2013
|
Apr. 30,
2013
|
Jul. 31,
2013
|
Oct. 31,
2013
|
Oct. 31,
2013
|
Jan. 31,
2013
|
Apr. 30,
2013
|
Jul. 31,
2013
|
Oct. 31,
2013
|
Oct. 31,
2013
|
Jan. 31,
2013
|
Apr. 30,
2013
|
Jul. 31,
2013
|
Oct. 31,
2013
|
Oct. 31,
2013
|
||||||||||||||||||||||||||||||||||||||||||||||
|
Net revenue: (a)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Printing and Personal Systems Group
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Personal Systems
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Notebooks
|
$
|
4,128
|
$
|
3,718
|
$
|
3,722
|
$
|
4,461
|
$
|
16,029
|
$
|
4,128
|
$
|
3,718
|
$
|
3,722
|
$
|
4,461
|
$
|
16,029
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||||||||||||||||||||||
|
Desktops
|
3,321
|
3,103
|
3,147
|
3,273
|
12,844
|
3,321
|
3,103
|
3,147
|
3,273
|
12,844
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Workstations
|
535
|
521
|
537
|
554
|
2,147
|
535
|
521
|
537
|
554
|
2,147
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Other
|
248
|
268
|
327
|
316
|
1,159
|
248
|
268
|
327
|
316
|
1,159
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Personal Systems
|
8,232
|
7,610
|
7,733
|
8,604
|
32,179
|
8,232
|
7,610
|
7,733
|
8,604
|
32,179
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Printing
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Supplies
|
3,893
|
4,122
|
3,839
|
3,862
|
15,716
|
3,893
|
4,122
|
3,839
|
3,862
|
15,716
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Commercial Hardware
|
1,374
|
1,411
|
1,405
|
1,554
|
5,744
|
1,374
|
1,411
|
1,405
|
1,554
|
5,744
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Consumer Hardware
|
679
|
561
|
565
|
631
|
2,436
|
679
|
561
|
565
|
631
|
2,436
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Printing
|
5,946
|
6,094
|
5,809
|
6,047
|
23,896
|
5,946
|
6,094
|
5,809
|
6,047
|
23,896
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Printing and Personal Systems Group
|
14,178
|
13,704
|
13,542
|
14,651
|
56,075
|
14,178
|
13,704
|
13,542
|
14,651
|
56,075
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Enterprise Group
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Industry Standard Servers
|
2,994
|
2,806
|
2,851
|
3,451
|
12,102
|
2,994
|
2,806
|
2,851
|
3,451
|
12,102
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Technology Services
|
2,188
|
2,227
|
2,133
|
2,162
|
8,710
|
2,207
|
2,247
|
2,152
|
2,182
|
8,788
|
(19
|
)
|
(20
|
)
|
(19
|
)
|
(20
|
)
|
(78
|
)
|
||||||||||||||||||||||||||||||||||||||||
|
Storage
|
833
|
857
|
833
|
952
|
3,475
|
833
|
857
|
833
|
952
|
3,475
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Networking
|
608
|
618
|
644
|
656
|
2,526
|
608
|
618
|
644
|
656
|
2,526
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Business Critical Systems
|
306
|
266
|
284
|
334
|
1,190
|
306
|
266
|
284
|
334
|
1,190
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Enterprise Group
|
6,929
|
6,774
|
6,745
|
7,555
|
28,003
|
6,948
|
6,794
|
6,764
|
7,575
|
28,081
|
(19
|
)
|
(20
|
)
|
(19
|
)
|
(20
|
)
|
(78
|
)
|
||||||||||||||||||||||||||||||||||||||||
|
Enterprise Services
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Infrastructure Technology Outsourcing
|
3,855
|
3,855
|
3,791
|
3,722
|
15,223
|
3,855
|
3,855
|
3,791
|
3,722
|
15,223
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Application and Business Services
|
2,183
|
2,278
|
2,181
|
2,196
|
8,838
|
2,183
|
2,278
|
2,181
|
2,196
|
8,838
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total Enterprise Services
|
6,038
|
6,133
|
5,972
|
5,918
|
24,061
|
6,038
|
6,133
|
5,972
|
5,918
|
24,061
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Software
|
951
|
967
|
1,010
|
1,093
|
4,021
|
951
|
967
|
1,010
|
1,093
|
4,021
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
HP Financial Services
|
957
|
881
|
879
|
912
|
3,629
|
957
|
881
|
879
|
912
|
3,629
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Corporate Investments
|
4
|
10
|
5
|
5
|
24
|
4
|
10
|
5
|
5
|
24
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Total segments
|
29,057
|
28,469
|
28,153
|
30,134
|
115,813
|
29,076
|
28,489
|
28,172
|
30,154
|
115,891
|
(19
|
)
|
(20
|
)
|
(19
|
)
|
(20
|
)
|
(78
|
)
|
||||||||||||||||||||||||||||||||||||||||
|
Elimination of intersegment net revenue and other
|
(698
|
)
|
(887
|
)
|
(927
|
)
|
(1,003
|
)
|
(3,515
|
)
|
(717
|
)
|
(907
|
)
|
(946
|
)
|
(1,023
|
)
|
(3,593
|
)
|
19
|
20
|
19
|
20
|
78
|
|||||||||||||||||||||||||||||||||||
|
Total HP consolidated net revenue
|
$
|
28,359
|
$
|
27,582
|
$
|
27,226
|
$
|
29,131
|
$
|
112,298
|
$
|
28,359
|
$
|
27,582
|
$
|
27,226
|
$
|
29,131
|
$
|
112,298
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
||||||||||||||||||||||||||||||
| (a) |
Effective at the beginning of its first quarter of fiscal 2015, HP implemented an organizational change to align its segment financial reporting more closely with its current business structure. This organizational change resulted in the transfer of third party multi-vendor support arrangements from the Technology Services business unit within the Enterprise Group segment to the Infrastructure Technology Outsourcing business unit within the Enterprise Services segment. HP reflected this change to its segment information in prior reporting periods on an as-if basis, which resulted in the removal of intersegment revenue from the Technology Services business unit within the Enterprise Group segment and the related corporate intersegment revenue eliminations. This change had no impact on HP’s previously reported consolidated net revenue, earnings from operations, net earnings or net earnings per share.
|
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