(b) "NM" represents not meaningful.
(c) Pursuant to adoption of ASU 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-retirement Benefit Cost”, in the first quarter of fiscal year 2019, HP now reclassifies all components (excluding service cost component) of net periodic benefit cost from Selling, general and administrative expenses to Interest and other, net. HP reflected this change in prior reporting periods on an as-if basis.
HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION (Unaudited) (In millions) | |||||||||
Twelve months ended | Change (%) | ||||||||
October 31, 2019 | October 31, 2018 | Y/Y | |||||||
Net revenue:(a) | |||||||||
Notebooks | $ | 22,928 | $ | 22,547 | 2 % | ||||
Desktops | 12,046 | 11,567 | 4 % | ||||||
Workstations | 2,389 | 2,246 | 6 % | ||||||
Other | 1,331 | 1,301 | 2 % | ||||||
Personal Systems | 38,694 | 37,661 | 3 % | ||||||
Supplies | 12,921 | 13,575 | (5)% | ||||||
Commercial Hardware | 4,612 | 4,514 | 2 % | ||||||
Consumer Hardware | 2,533 | 2,716 | (7)% | ||||||
Printing | 20,066 | 20,805 | (4)% | ||||||
Corporate Investments(b) | 2 | 5 | NM | ||||||
Total segments net revenue | 58,762 | 58,471 | — % | ||||||
Other (b) | (6 | ) | 1 | NM | |||||
Total net revenue | $ | 58,756 | $ | 58,472 | — % | ||||
Earnings before taxes: (a)(c) | |||||||||
Personal Systems | $ | 1,898 | $ | 1,402 | |||||
Printing | 3,202 | 3,314 | |||||||
Corporate Investments | (96 | ) | (82 | ) | |||||
Total segment earnings from operations | 5,004 | 4,634 | |||||||
Corporate and unallocated costs and other | (404 | ) | (200 | ) | |||||
Stock-based compensation expense | (297 | ) | (268 | ) | |||||
Restructuring and other charges | (275 | ) | (132 | ) | |||||
Acquisition-related charges | (35 | ) | (123 | ) | |||||
Amortization of intangible assets | (116 | ) | (80 | ) | |||||
Interest and other, net | (1,354 | ) | (818 | ) | |||||
Total earnings before taxes | $ | 2,523 | $ | 3,013 |