(b) Effective at the beginning of the first quarter of fiscal 2018, the Company implemented certain changes to its allocation methodology for stock-based compensation expense and certain corporate costs, which align to its segment financial reporting and are consistent with the manner in which the operating segments will be evaluated for performance on a prospective basis. As a result, prior period numbers have been restated to conform with current period presentation.
|
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
SEGMENT INFORMATION (Unaudited) (In millions) | ||||||||
| Twelve months ended October 31, | ||||||||
| 2018 | 2017 | |||||||
| Net revenue:(a) | ||||||||
| Hybrid IT | $ | 25,033 | $ | 23,627 | ||||
| Intelligent Edge | 2,929 | 2,584 | ||||||
| Financial Services | 3,671 | 3,602 | ||||||
| Corporate Investments | (1 | ) | 3 | |||||
| Total segment net revenue | 31,632 | 29,816 | ||||||
| Elimination of intersegment net revenue and other | (780 | ) | (945 | ) | ||||
| Total Hewlett Packard Enterprise consolidated net revenue | $ | 30,852 | $ | 28,871 | ||||
| Earnings from continuing operations before taxes:(a)(b) | ||||||||
| Hybrid IT | $ | 2,654 | $ | 2,274 | ||||
| Intelligent Edge | 237 | 253 | ||||||
| Financial Services | 290 | 299 | ||||||
| Corporate Investments | (90 | ) | (106 | ) | ||||
| Total segment earnings from operations | 3,091 | 2,720 | ||||||
| Unallocated corporate costs and eliminations(b) | (240 | ) | (408 | ) | ||||
| Unallocated stock-based compensation expense(b) | (73 | ) | (110 | ) | ||||
| Amortization of intangible assets | (294 | ) | (321 | ) | ||||
| Impairment of goodwill | (88 | ) | — | |||||
| Restructuring charges | (19 | ) | (417 | ) | ||||
| Transformation costs | (425 | ) | (359 | ) | ||||
| Disaster charges | — | (93 | ) | |||||
| Acquisition and other related charges | (82 | ) | (203 | ) | ||||
| Separation costs | (12 | ) | (248 | ) | ||||
| Defined benefit plan settlement charges and remeasurement (benefit) | — | 64 | ||||||
| Interest and other, net | (274 | ) | (327 | ) | ||||
| Tax indemnification adjustments | (1,354 | ) | (3 | ) | ||||
| Earnings (loss) from equity interests | 38 | (23 | ) | |||||
| Total Hewlett Packard Enterprise consolidated earnings from continuing operations before taxes | $ | 268 | $ | 272 | ||||
