HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION
(Unaudited)
(In millions)
Three months ended | Change (%) | ||||||||||||||||
October 31, 2022 | July 31, 2022 | October 31, 2021 | Q/Q | Y/Y | |||||||||||||
Net revenue: | |||||||||||||||||
Notebooks | $ | 6,454 | $ | 6,574 | $ | 8,339 | (2 | )% | (23 | )% | |||||||
Desktops | 2,537 | 2,537 | 2,510 | — | % | 1 | % | ||||||||||
Workstations | 535 | 537 | 492 | — | % | 9 | % | ||||||||||
Other (a) | 741 | 441 | 454 | 68 | % | 63 | % | ||||||||||
Personal Systems | 10,267 | 10,089 | 11,795 | 2 | % | (13 | )% | ||||||||||
Supplies | 2,748 | 2,814 | 3,057 | (2 | )% | (10 | )% | ||||||||||
Commercial | 1,108 | 1,036 | 1,097 | 7 | % | 1 | % | ||||||||||
Consumer | 677 | 725 | 725 | (7 | )% | (7 | )% | ||||||||||
Printing | 4,533 | 4,575 | 4,879 | (1 | )% | (7 | )% | ||||||||||
Corporate Investments (b) | 1 | — | 2 | NM | NM | ||||||||||||
Total segment net revenue | 14,801 | 14,664 | 16,676 | 1 | % | (11 | )% | ||||||||||
Other (b) | — | — | (1 | ) | NM | NM | |||||||||||
Total net revenue | $ | 14,801 | $ | 14,664 | $ | 16,675 | 1 | % | (11 | )% | |||||||
Earnings before taxes: | |||||||||||||||||
Personal Systems (a) | $ | 458 | $ | 695 | $ | 764 | |||||||||||
Printing | 903 | 911 | 830 | ||||||||||||||
Corporate Investments | (46 | ) | (58 | ) | (14 | ) | |||||||||||
Total segment earnings from operations | 1,315 | 1,548 | 1,580 | ||||||||||||||
Corporate and unallocated cost and other | (99 | ) | (89 | ) | (164 | ) | |||||||||||
Stock-based compensation expense | (70 | ) | (70 | ) | (70 | ) | |||||||||||
Restructuring and other charges | (70 | ) | (13 | ) | (29 | ) | |||||||||||
Acquisition and divestiture charges | (235 | ) | (31 | ) | (28 | ) | |||||||||||
Amortization of intangible assets | (74 | ) | (50 | ) | (51 | ) | |||||||||||
Russia exit charges | — | (23 | ) | — | |||||||||||||
Interest and other, net | (94 | ) | (70 | ) | 2,315 | ||||||||||||
Total earnings before taxes | $ | 673 | $ | 1,202 | $ | 3,553 |