HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION (Unaudited) (In millions) | |||||||||||||||
Three months ended | Change (%) | ||||||||||||||
October 31, 2024 | July 31, 2024 | October 31, 2023 | Q/Q | Y/Y | |||||||||||
Net revenue: | |||||||||||||||
Commercial PS | $ | 6,522 | $ | 6,677 | $ | 6,213 | (2)% | 5% | |||||||
Consumer PS | 3,069 | 2,692 | 3,185 | 14% | (4)% | ||||||||||
Personal Systems | 9,591 | 9,369 | 9,398 | 2% | 2% | ||||||||||
Supplies | 2,865 | 2,703 | 2,821 | 6% | 2% | ||||||||||
Commercial Printing (a) | 1,262 | 1,147 | 1,281 | 10% | (1)% | ||||||||||
Consumer Printing (a) | 325 | 293 | 316 | 11% | 3% | ||||||||||
Printing | 4,452 | 4,143 | 4,418 | 7% | 1% | ||||||||||
Corporate Investments (b) | 11 | 7 | 2 | NM | NM | ||||||||||
Total segment net revenue | 14,054 | 13,519 | 13,818 | 4% | 2% | ||||||||||
Other (b) | 1 | — | (1 | ) | NM | NM | |||||||||
Total net revenue | $ | 14,055 | $ | 13,519 | $ | 13,817 | 4% | 2% | |||||||
Earnings before taxes: | |||||||||||||||
Personal Systems | $ | 550 | $ | 599 | $ | 631 | |||||||||
Printing | 874 | 715 | 836 | ||||||||||||
Corporate Investments | (37 | ) | (28 | ) | (39 | ) | |||||||||
Total segment earnings from operations | 1,387 | 1,286 | 1,428 | ||||||||||||
Corporate and unallocated cost and other | (102 | ) | (101 | ) | (96 | ) | |||||||||
Stock-based compensation expense | (85 | ) | (96 | ) | (85 | ) | |||||||||
Restructuring and other charges | (121 | ) | (46 | ) | (111 | ) | |||||||||
Acquisition and divestiture charges | (12 | ) | (22 | ) | (34 | ) | |||||||||
Amortization of intangible assets | (76 | ) | (81 | ) | (88 | ) | |||||||||
Interest and other, net | (129 | ) | (113 | ) | (162 | ) | |||||||||
Total earnings before taxes | $ | 862 | $ | 827 | $ | 852 |