| HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION (Unaudited) (In millions) | |||||||||||||||||
| Three months ended | Change (%) | ||||||||||||||||
| July 31, 2023 | April 30, 2023 | July 31, 2022 | Q/Q | Y/Y | |||||||||||||
| Net revenue: | |||||||||||||||||
| Commercial PS | $ | 6,201 | $ | 5,916 | $ | 6,956 | 5 | % | (11 | )% | |||||||
| Consumer PS | 2,731 | 2,253 | 3,117 | 21 | % | (12 | )% | ||||||||||
| Personal Systems(a) | 8,932 | 8,169 | 10,073 | 9 | % | (11 | )% | ||||||||||
| Supplies | 2,768 | 3,006 | 2,814 | (8 | )% | (2 | )% | ||||||||||
| Commercial Printing | 974 | 1,089 | 1,036 | (11 | )% | (6 | )% | ||||||||||
| Consumer Printing | 521 | 641 | 725 | (19 | )% | (28 | )% | ||||||||||
| Printing | 4,263 | 4,736 | 4,575 | (10 | )% | (7 | )% | ||||||||||
| Corporate Investments (c) | 1 | 3 | — | NM | NM | ||||||||||||
| Total segment net revenue | 13,196 | 12,908 | 14,648 | 2 | % | (10 | )% | ||||||||||
| Other (c) | — | (1 | ) | — | NM | NM | |||||||||||
| Total net revenue | $ | 13,196 | $ | 12,907 | $ | 14,648 | 2 | % | (10 | )% | |||||||
| Earnings before taxes: (b) | |||||||||||||||||
| Personal Systems | $ | 592 | $ | 431 | $ | 674 | |||||||||||
| Printing | 794 | 899 | 904 | ||||||||||||||
| Corporate Investments | (32 | ) | (38 | ) | (58 | ) | |||||||||||
| Total segment earnings from operations | 1,354 | 1,292 | 1,520 | ||||||||||||||
| Corporate and unallocated cost and other | (97 | ) | (90 | ) | (76 | ) | |||||||||||
| Stock-based compensation expense | (91 | ) | (95 | ) | (70 | ) | |||||||||||
| Restructuring and other charges | (75 | ) | (200 | ) | (13 | ) | |||||||||||
| Acquisition and divestiture charges | (48 | ) | (74 | ) | (32 | ) | |||||||||||
| Amortization of intangible assets | (91 | ) | (86 | ) | (50 | ) | |||||||||||
| Russia exit charges | — | — | (23 | ) | |||||||||||||
| Interest and other, net | (16 | ) | (160 | ) | (70 | ) | |||||||||||
| Total earnings before taxes | $ | 936 | $ | 587 | $ | 1,186 | |||||||||||
HP Inc. Reports Fiscal 2023 Third Quarter Results
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