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Segment Information (Tables)
12 Months Ended
Oct. 31, 2014
Segment Information  
Schedule of Revenue and Earnings (Loss) from Operations, by Segment

 

                                                                                                                                                                                    

 

 

Printing and
Personal Systems

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal
Systems

 

Printing

 

Enterprise
Group

 

Enterprise
Services

 

Software

 

HP Financial
Services

 

Corporate
Investments

 

Total

 

 

 

In millions

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

$

33,304

 

$

22,719

 

$

26,809

 

$

21,297

 

$

3,607

 

$

3,416

 

$

302

 

$

111,454

 

Intersegment net revenue and other

 

 

999

 

 

260

 

 

1,005

 

 

1,101

 

 

326

 

 

82

 

 

 

 

3,773

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total segment net revenue

 

$

34,303

 

$

22,979

 

$

27,814

 

$

22,398

 

$

3,933

 

$

3,498

 

$

302

 

$

115,227

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) from operations

 

$

1,270

 

$

4,185

 

$

4,008

 

$

803

 

$

872

 

$

389

 

$

(199

)

$

11,328

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

$

31,232

 

$

23,685

 

$

27,045

 

$

23,041

 

$

3,701

 

$

3,570

 

$

24

 

$

112,298

 

Intersegment net revenue and other

 

 

947

 

 

211

 

 

1,036

 

 

1,020

 

 

320

 

 

59

 

 

 

 

3,593

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total segment net revenue

 

$

32,179

 

$

23,896

 

$

28,081

 

$

24,061

 

$

4,021

 

$

3,629

 

$

24

 

$

115,891

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) from operations

 

$

980

 

$

3,933

 

$

4,259

 

$

679

 

$

868

 

$

399

 

$

(316

)

$

10,802

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net revenue

 

$

34,892

 

$

24,317

 

$

28,349

 

$

25,090

 

$

3,868

 

$

3,784

 

$

57

 

$

120,357

 

Intersegment net revenue and other

 

 

951

 

 

221

 

 

1,294

 

 

903

 

 

303

 

 

35

 

 

1

 

 

3,708

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total segment net revenue

 

$

35,843

 

$

24,538

 

$

29,643

 

$

25,993

 

$

4,171

 

$

3,819

 

$

58

 

$

124,065

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) from operations

 

$

1,724

 

$

3,612

 

$

5,123

 

$

1,045

 

$

836

 

$

388

 

$

(233

)

$

12,495

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

                                                                                                                                                                                    

 

 

For the fiscal years ended October 31

 

 

 

2014

 

2013

 

2012

 

 

 

In millions

 

Net Revenue:

 

 

 

 

 

 

 

 

 

 

Total segments

 

$

115,227

 

$

115,891

 

$

124,065

 

Elimination of intersegment net revenue and other

 

 

(3,773

)

 

(3,593

)

 

(3,708

)

 

 

 

 

 

 

 

 

Total HP consolidated net revenue

 

$

111,454

 

$

112,298

 

$

120,357

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before taxes:

 

 

 

 

 

 

 

 

 

 

Total segment earnings from operations

 

$

11,328

 

$

10,802

 

$

12,495

 

Corporate and unallocated costs and eliminations

 

 

(953

)

 

(786

)

 

(787

)

Stock-based compensation expense

 

 

(560

)

 

(500

)

 

(635

)

Amortization of intangible assets

 

 

(1,000

)

 

(1,373

)

 

(1,784

)

Impairment of goodwill and intangible assets

 

 

 

 

 

 

(18,035

)

Restructuring charges

 

 

(1,619

)

 

(990

)

 

(2,266

)

Acquisition-related charges

 

 

(11

)

 

(22

)

 

(45

)

Interest and other, net

 

 

(628

)

 

(621

)

 

(876

)

 

 

 

 

 

 

 

 

Total HP consolidated earnings (loss) before taxes

 

$

6,557

 

$

6,510

 

$

(11,933

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Reconciliation of Assets from Segments to Consolidated

 

                                                                                                                                                                                    

 

 

As of October 31

 

 

 

2014

 

2013(1) 

 

 

 

In millions

 

Personal Systems

 

$

12,104 

 

$

11,690 

 

Printing

 

 

10,063 

 

 

11,088 

 

 

 

 

 

 

 

Printing and Personal Systems Group

 

 

22,167 

 

 

22,778 

 

 

 

 

 

 

 

Enterprise Group

 

 

27,236 

 

 

29,759 

 

Enterprise Services

 

 

13,472 

 

 

16,217 

 

Software

 

 

11,575 

 

 

11,940 

 

HP Financial Services

 

 

13,529 

 

 

12,746 

 

Corporate Investments

 

 

34 

 

 

105 

 

Corporate and unallocated assets

 

 

15,193 

 

 

12,131 

 

 

 

 

 

 

 

Total HP consolidated assets

 

$

103,206 

 

$

105,676 

 

 

 

 

 

 

 

 

 

 

 

 

 


(1)

HP has revised the presentation for the fiscal year ended October 31, 2013 in order to present comparable information with the current year period.

 

Schedule of net revenue by geographical areas

 

                                                                                                                                                                                    

 

 

For the fiscal years ended October 31

 

 

 

2014

 

2013

 

2012

 

 

 

In millions

 

U.S. 

 

$

38,805 

 

$

40,284 

 

$

42,140 

 

Other countries

 

 

72,649 

 

 

72,014 

 

 

78,217 

 

 

 

 

 

 

 

 

 

Total net revenue

 

$

111,454 

 

$

112,298 

 

$

120,357 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of net property, plant and equipment by geographical areas

 

                                                                                                                                                                                    

 

 

As of October 31

 

 

 

2014

 

2013

 

 

 

In millions

 

U.S. 

 

$

5,668 

 

$

5,546 

 

The United Kingdom. 

 

 

1,053 

 

 

1,090 

 

Other countries

 

 

4,619 

 

 

4,827 

 

 

 

 

 

 

 

Total net property, plant and equipment

 

$

11,340 

 

$

11,463 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Revenue by Segment and Business Unit

 

                                                                                                                                                                                    

 

 

For the fiscal years ended October 31

 

 

 

2014

 

2013

 

2012

 

 

 

In millions

 

Notebooks

 

$

17,540

 

$

16,029

 

$

18,830

 

Desktops

 

 

13,197

 

 

12,844

 

 

13,888

 

Workstations

 

 

2,218

 

 

2,147

 

 

2,148

 

Other

 

 

1,348

 

 

1,159

 

 

977

 

 

 

 

 

 

 

 

 

Personal Systems

 

 

34,303

 

 

32,179

 

 

35,843

 

 

 

 

 

 

 

 

 

Supplies

 

 

14,917

 

 

15,716

 

 

16,151

 

Commercial Hardware

 

 

5,717

 

 

5,744

 

 

5,946

 

Consumer Hardware

 

 

2,345

 

 

2,436

 

 

2,441

 

 

 

 

 

 

 

 

 

Printing

 

 

22,979

 

 

23,896

 

 

24,538

 

 

 

 

 

 

 

 

 

Total Printing and Personal Systems Group

 

 

57,282

 

 

56,075

 

 

60,381

 

 

 

 

 

 

 

 

 

Industry Standard Servers

 

 

12,474

 

 

12,102

 

 

12,582

 

Technology Services

 

 

8,466

 

 

8,788

 

 

9,152

 

Storage

 

 

3,316

 

 

3,475

 

 

3,815

 

Networking

 

 

2,629

 

 

2,526

 

 

2,482

 

Business Critical Systems

 

 

929

 

 

1,190

 

 

1,612

 

 

 

 

 

 

 

 

 

Enterprise Group

 

 

27,814

 

 

28,081

 

 

29,643

 

 

 

 

 

 

 

 

 

Infrastructure Technology Outsourcing

 

 

14,038

 

 

15,223

 

 

16,176

 

Application and Business Services

 

 

8,360

 

 

8,838

 

 

9,817

 

 

 

 

 

 

 

 

 

Enterprise Services

 

 

22,398

 

 

24,061

 

 

25,993

 

 

 

 

 

 

 

 

 

Software

 

 

3,933

 

 

4,021

 

 

4,171

 

HP Financial Services

 

 

3,498

 

 

3,629

 

 

3,819

 

Corporate Investments

 

 

302

 

 

24

 

 

58

 

 

 

 

 

 

 

 

 

Total segment net revenue

 

 

115,227

 

 

115,891

 

 

124,065

 

 

 

 

 

 

 

 

 

Eliminations of intersegment net revenue and other

 

 

(3,773

)

 

(3,593

)

 

(3,708

)

 

 

 

 

 

 

 

 

Total net revenue

 

$

111,454

 

$

112,298

 

$

120,357