HP Inc. Reports Fiscal 2018 First Quarter Results

                                                            
HP INC. AND SUBSIDIARIES
FISCAL 2016 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,
2016
  Apr 30,
2016
  July 31,
2016
  Oct 31,
2016
  Oct 31,
2016
  Jan 31,
2016
  Apr 30,
2016
  July 31,
2016
  Oct 31,
2016
  Oct 31,
2016
  Jan 31,
2016
  Apr 30,
2016
  July 31,
2016
  Oct 31,
2016
  Oct 31,
2016
Net revenue:(a)                                                              
                                                                                                                       
Personal Systems                                                                                                                      
  Notebooks $ 4,205     $ 3,838     $ 4,303     $ 4,636     $ 16,982     $ 4,205     $ 3,838     $ 4,303     $ 4,636     $ 16,982     $     $     $     $     $  
Desktops 2,527     2,402     2,455     2,572     9,956     2,527     2,402     2,455     2,572     9,956                      
Workstations 444     461     476     489     1,870     444     461     476     489     1,870                      
Other 291     284     277     286     1,138     291     289     278     321     1,179         (5 )   (1 )   (35 )   (41 )
Total Personal Systems 7,467     6,985     7,511     7,983     29,946     7,467     6,990     7,512     8,018     29,987         (5 )   (1 )   (35 )   (41 )
Printing                                                          
Supplies 3,127     3,125     2,865     2,864     11,981     3,101     3,099     2,840     2,835     11,875     26     26     25     29     106  
Commercial Hardware 892     915     940     1,045     3,792     964     957     1,007     1,107     4,035     (72 )   (42 )   (67 )   (62 )   (243 )
Consumer Hardware 577     581     576     616     2,350     577     581     576     616     2,350                      
Total Printing 4,596     4,621     4,381     4,525     18,123     4,642     4,637     4,423     4,558     18,260     (46 )   (16 )   (42 )   (33 )   (137 )
Corporate Investments 3     3         1     7     3     3         1     7                      
Total segments 12,066     11,609     11,892     12,509     48,076     12,112     11,630     11,935     12,577     48,254     (46 )   (21 )   (43 )   (68 )   (178 )
Other 180     (21 )       3     162     134     (42 )   (43 )   (65 )   (16 )   46     21     43     68     178  
Total net revenue $ 12,246     $ 11,588     $ 11,892     $ 12,512     $ 48,238     $ 12,246     $ 11,588     $ 11,892     $ 12,512     $ 48,238     $     $     $     $     $  
                                                                                                                       

(a) Effective at the beginning of its first quarter of fiscal year 2018, HP implemented an organizational change to align its segment and business unit financial reporting more closely with its current business structure. The organizational change resulted in the transfer of a portion of long life consumables from Commercial to Supplies within the Printing segment. Certain revenues related to service arrangements, which are being eliminated for the purposes of reporting HP’s consolidated net revenue, have now been reclassified from Other to segments. HP has reflected this change to its segment and business unit information in prior reporting periods on an as-if basis. The reporting change had no impact to previously reported consolidated net revenue, earnings from operations, net earnings or net earnings per share.

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