HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION (Unaudited) (In millions) |
Three months ended | Change (%) | ||||||||||||||
January 31, 2022 | October 31, 2021 | January 31, 2021 | Q/Q | Y/Y | |||||||||||
Net revenue: | |||||||||||||||
Notebooks | $ | 8,421 | $ | 8,339 | $ | 7,366 | 1 % | 14 % | |||||||
Desktops | 2,807 | 2,510 | 2,400 | 12 % | 17 % | ||||||||||
Workstations | 534 | 492 | 382 | 9 % | 40 % | ||||||||||
Other | 434 | 454 | 455 | (4)% | (5)% | ||||||||||
Personal Systems | 12,196 | 11,795 | 10,603 | 3 % | 15 % | ||||||||||
Supplies | 3,068 | 3,057 | 3,146 | — % | (2)% | ||||||||||
Commercial | 1,039 | 1,097 | 957 | (5)% | 9 % | ||||||||||
Consumer | 724 | 725 | 941 | — % | (23)% | ||||||||||
Printing | 4,831 | 4,879 | 5,044 | (1)% | (4)% | ||||||||||
Corporate Investments (a) | 1 | 2 | — | NM | NM | ||||||||||
Total segment net revenue | 17,028 | 16,676 | 15,647 | 2 % | 9 % | ||||||||||
Other (a) | — | (1 | ) | (1 | ) | NM | NM | ||||||||
Total net revenue | $ | 17,028 | $ | 16,675 | $ | 15,646 | 2 % | 9 % | |||||||
Earnings before taxes: | |||||||||||||||
Personal Systems | $ | 957 | $ | 764 | $ | 758 | |||||||||
Printing | 879 | 830 | 998 | ||||||||||||
Corporate Investments | (74 | ) | (14 | ) | (27 | ) | |||||||||
Total segment earnings from operations | 1,762 | 1,580 | 1,729 | ||||||||||||
Corporate and unallocated cost and other | (130 | ) | (164 | ) | (136 | ) | |||||||||
Stock-based compensation expense | (133 | ) | (70 | ) | (116 | ) | |||||||||
Restructuring and other charges | (68 | ) | (29 | ) | (121 | ) | |||||||||
Acquisition-related charges | (20 | ) | (28 | ) | (6 | ) | |||||||||
Amortization of intangible assets | (52 | ) | (51 | ) | (29 | ) | |||||||||
Interest and other, net | (32 | ) | 2,315 | (25 | ) | ||||||||||
Total earnings before taxes | $ | 1,327 | $ | 3,553 | $ | 1,296 |