|
HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES
SEGMENT INFORMATION (Unaudited) (In millions) | ||||||||||||
| Three months ended | ||||||||||||
|
October 31,
2017 |
July 31,
2017 |
October 31,
2016 | ||||||||||
| Net revenue:(a) | ||||||||||||
| Enterprise Group | $ | 6,852 | $ | 6,791 | $ | 6,823 | ||||||
| Financial Services | 1,010 | 897 | 814 | |||||||||
| Corporate Investments | 3 | — | 58 | |||||||||
| Total segment net revenue | 7,865 | 7,688 | 7,695 | |||||||||
| Elimination of intersegment net revenue and other(b) | (205 | ) | (187 | ) | (371 | ) | ||||||
| Total Hewlett Packard Enterprise consolidated net revenue | $ | 7,660 | $ | 7,501 | $ | 7,324 | ||||||
| Earnings from continuing operations before taxes:(a) | ||||||||||||
| Enterprise Group | $ | 723 | $ | 634 | $ | 909 | ||||||
| Financial Services | 78 | 70 | 83 | |||||||||
| Corporate Investments | (27 | ) | (34 | ) | (64 | ) | ||||||
| Total segment earnings from operations | 774 | 670 | 928 | |||||||||
| Corporate and unallocated costs and eliminations | (74 | ) | (64 | ) | (167 | ) | ||||||
| Stock-based compensation expense | (75 | ) | (86 | ) | (87 | ) | ||||||
| Amortization of intangible assets | (86 | ) | (97 | ) | (57 | ) | ||||||
| Restructuring charges | (113 | ) | (152 | ) | (128 | ) | ||||||
| Transformation costs (c) | (328 | ) | (31 | ) | — | |||||||
| Disaster charges (d) | (93 | ) | — | — | ||||||||
| Acquisition and other related charges | (53 | ) | (56 | ) | (46 | ) | ||||||
| Separation costs | (202 | ) | (5 | ) | (118 | ) | ||||||
| Defined benefit plan settlement charges and remeasurement (benefit) (e) | 26 | 22 | — | |||||||||
| Gain on H3C and MphasiS divestiture | — | — | 251 | |||||||||
| Interest and other, net | (76 | ) | (87 | ) | (91 | ) | ||||||
| Tax indemnification adjustments | (2 | ) | 10 | 311 | ||||||||
| Earnings (loss) from equity interests (f) | 1 | 1 | (4 | ) | ||||||||
| Total Hewlett Packard Enterprise consolidated (loss) earnings from
continuing operations before taxes | $ | (301 | ) | $ | 125 | $ | 792 | |||||
- As of April 1, 2017, with the spin-off of the enterprise services business, Everett SpinCo, Inc., and the merger of Everett SpinCo, Inc. with Computer Sciences Corporation, and as of September 1, 2017, with the spin-off of the software business, Seattle SpinCo, Inc., and the merger of Seattle SpinCo, Inc. with Micro Focus, the Company reclassified the historical net (loss) earnings from the former enterprise services segment ("former ES segment"), and the former software segment ("former software segment"), to Net earnings (loss) from discontinued operations in its Consolidated Statements of Earnings.
