Segment Information (Tables)

6 Months Ended

Apr. 30, 2011

Schedule of Revenue and Earnings (Loss) from Operations, by Segment

	Three months ended April 30

	Net Revenue				Earnings (Loss) from Operations
	2011		2010⁽¹⁾		2011			2010⁽¹⁾
	In millions
Services	$	8,977	$	8,842	$	1,361		$	1,401
Enterprise Servers, Storage and Networking⁽²⁾		5,556		4,837		766			624
HP Software⁽³⁾		764		653		154			167

HP Enterprise Business		15,297		14,332		2,281			2,192

Personal Systems Group		9,415		9,956		533			465
Imaging and Printing Group		6,745		6,396		1,144			1,098
HP Financial Services		885		755		83			69
Corporate Investments⁽⁴⁾		72		66		(198	)		(65	)

Segment total	$	32,414	$	31,505	$	3,843		$	3,759

	Six months ended April 30

	Net Revenue				Earnings (Loss) from Operations
	2011		2010⁽¹⁾		2011			2010⁽¹⁾
	In millions
Services	$	17,584	$	17,632	$	2,736		$	2,780
Enterprise Servers, Storage and Networking⁽²⁾		11,190		9,447		1,594			1,231
HP Software⁽³⁾		1,461		1,316		277			339

HP Enterprise Business		30,235		28,395		4,607			4,350

Personal Systems Group		19,864		20,540		1,205			995
Imaging and Printing Group		13,375		12,602		2,273			2,152
HP Financial Services		1,712		1,474		162			136
Corporate Investments⁽⁴⁾		150		126		(381	)		(121	)

Segment total	$	65,336	$	63,137	$	7,866		$	7,512

⁽¹⁾: Certain fiscal 2011 organizational reclassifications have been reflected retroactively to provide improved visibility and comparability. The reclassifications resulted in the transfer of revenue and operating profit among ESSN, HP Software and Corporate Investments. Reclassifications between segments included the transfer of the networking business from Corporate Investments to ESSN, the transfer of the communications and media solutions business from HP Software to Services, and the transfer of the business intelligence business from HP Software to Corporate Investments. There was no impact on the previously reported financial results for PSG, HPFS or IPG.
⁽²⁾: Includes the results of 3Com and 3PAR Inc. ("3PAR") from the dates of acquisition in April 2010 and September 2010, respectively.

⁽³⁾: Includes the results of ArcSight, Inc. ("ArcSight") from the date of acquisition in October 2010.
⁽⁴⁾: Includes the results of Palm from the date of acquisition in July 2010.

Schedule of Reconciliation of Revenues and Earnings before Taxes from Segments to Consolidated

	Three months ended April 30						Six months ended April 30

	2011			2010			2011			2010
	In millions
Net revenue:
Segment total	$	32,414		$	31,505		$	65,336		$	63,137
Elimination of inter-segment net revenue and other		(782	)		(656	)		(1,402	)		(1,111	)

Total HP consolidated net revenue	$	31,632		$	30,849		$	63,934		$	62,026

Earnings before taxes:
Total segment earnings from operations	$	3,843		$	3,759		$	7,866		$	7,512
Corporate and unallocated costs and eliminations		(153	)		(112	)		(4	)		(200	)
Unallocated costs related to stock-based compensation expense		(130	)		(185	)		(296	)		(348	)
Amortization of purchased intangible assets		(413	)		(347	)		(838	)		(677	)
Restructuring charges		(158	)		(180	)		(316	)		(311	)
Acquisition-related charges		(21	)		(77	)		(50	)		(115	)
Interest and other, net		(76	)		(91	)		(173	)		(290	)

Total HP consolidated earnings before taxes	$	2,892		$	2,767		$	6,189		$	5,571

Schedule of Revenue by Segment and Business Unit

			Three months ended April 30						Six months ended April 30

			2011			2010⁽¹⁾			2011			2010⁽¹⁾
			In millions
Net revenue:
		Infrastructure Technology Outsourcing	$	3,783		$	3,724		$	7,419		$	7,399
		Technology Services		2,713			2,652			5,315			5,283
		Application Services		1,724			1,684			3,356			3,365
		Business Process Outsourcing		673			716			1,331			1,450
		Other		84			66			163			135

	Services			8,977			8,842			17,584			17,632

		Industry Standard Servers		3,387			3,056			6,835			6,002
		Storage⁽²⁾		980			948			1,992			1,837
		HP Networking⁽³⁾		643			295			1,262			514
		Business Critical Systems		546			538			1,101			1,094

	Enterprise Servers, Storage and Networking			5,556			4,837			11,190			9,447

	HP Software⁽⁴⁾			764			653			1,461			1,316

HP Enterprise Business				15,297			14,332			30,235			28,395

		Notebooks		5,039			5,527			10,847			11,665
		Desktops		3,641			3,797			7,537			7,650
		Workstations		541			423			1,076			798
		Other⁽⁵⁾		194			209			404			427

Personal Systems Group				9,415			9,956			19,864			20,540

		Supplies		4,612			4,331			8,970			8,412
		Commercial Hardware		1,438			1,348			2,902			2,639
		Consumer Hardware		695			717			1,503			1,551

Imaging and Printing Group				6,745			6,396			13,375			12,602

HP Financial Services				885			755			1,712			1,474
Corporate Investments⁽⁶⁾				72			66			150			126

		Total segments		32,414			31,505			65,336			63,137

Eliminations of inter-segment net revenue and other				(782	)		(656	)		(1,402	)		(1,111	)

		Total HP consolidated net revenue	$	31,632		$	30,849		$	63,934		$	62,026

⁽¹⁾: Certain fiscal 2011 organizational reclassifications have been reflected retroactively to provide improved visibility and comparability. The reclassifications resulted in the transfer of revenue among ESSN, Services, HP Software and Corporate Investments. Reclassifications between segments included the transfer of the networking business from Corporate Investments to ESSN, the transfer of the communications and media solutions business from HP Software to Services, and the transfer of the business intelligence business from HP Software to Corporate Investments. Revenue was also transferred among the business units within Services and within PSG. In addition, net revenue reported for the Infrastructure Technology Outsourcing business unit and eliminations of inter-segment net revenue have both been reduced to reflect a change in our inter-segment reporting model. There was no impact on the previously reported financial results for HPFS and IPG or for the business units within IPG.
⁽²⁾: Includes the results of 3PAR from the date of acquisition in September 2010.
⁽³⁾: The networking business was added to ESSN in fiscal 2011. Also includes the results of 3Com from the date of acquisition in April 2010.
⁽⁴⁾: The Business Technology Optimization and Other Software business units were consolidated into a single business unit within the HP Software segment in fiscal 2011. Also includes the results of ArcSight from the date of acquisition in October 2010.
⁽⁵⁾: The Handhelds business unit, which includes devices that run on Windows Mobile software, was realigned into the Other business unit within PSG in fiscal 2011.
⁽⁶⁾: Includes the results of Palm from the date of acquisition in July 2010.