HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION (Unaudited) (In millions) |
Three months ended | Change (%) | ||||||||||||||
October 31, 2020 | July 31, 2020 | October 31, 2019 | Q/Q | Y/Y | |||||||||||
Net revenue: | |||||||||||||||
Notebooks | $ | 7,405 | $ | 7,304 | $ | 6,280 | 1% | 18% | |||||||
Desktops | 2,253 | 2,221 | 3,138 | 1% | (28)% | ||||||||||
Workstations | 355 | 428 | 649 | (17)% | (45)% | ||||||||||
Other | 419 | 407 | 359 | 3% | 17 % | ||||||||||
Personal Systems | 10,432 | 10,360 | 10,426 | 1% | —% | ||||||||||
Supplies | 3,131 | 2,573 | 3,159 | 22% | (1)% | ||||||||||
Commercial Hardware | 923 | 732 | 1,183 | 26% | (22)% | ||||||||||
Consumer Hardware | 772 | 628 | 640 | 23% | 21% | ||||||||||
Printing | 4,826 | 3,933 | 4,982 | 23% | (3)% | ||||||||||
Corporate Investments (a) | — | 1 | — | NM | NM | ||||||||||
Total segment net revenue | 15,258 | 14,294 | 15,408 | 7% | (1)% | ||||||||||
Other (a) | — | — | (1 | ) | NM | NM | |||||||||
Total net revenue | $ | 15,258 | $ | 14,294 | $ | 15,407 | 7% | (1)% | |||||||
Earnings before taxes: | |||||||||||||||
Personal Systems | $ | 528 | $ | 570 | $ | 556 | |||||||||
Printing | 713 | 480 | 777 | ||||||||||||
Corporate Investments | (27 | ) | (15 | ) | (25 | ) | |||||||||
Total segment earnings from operations | 1,214 | 1,035 | 1,308 | ||||||||||||
Corporate and unallocated cost and other | (103 | ) | (108 | ) | (114 | ) | |||||||||
Stock-based compensation expense | (57 | ) | (49 | ) | (64 | ) | |||||||||
Restructuring and other charges | (31 | ) | (59 | ) | (134 | ) | |||||||||
Acquisition-related charges | (2 | ) | (11 | ) | (23 | ) | |||||||||
Amortization of intangible assets | (29 | ) | (29 | ) | (29 | ) | |||||||||
Interest and other, net | (216 | ) | (28 | ) | (452 | ) | |||||||||
Total earnings before taxes | $ | 776 | $ | 751 | $ | 492 |