| HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION (Unaudited) (In millions) | |||||||||||||||||
| Three months ended | Change (%) | ||||||||||||||||
| April 30, 2023 | January 31, 2023 | April 30, 2022 | Q/Q | Y/Y | |||||||||||||
| Net revenue: | |||||||||||||||||
| Commercial PS | $ | 5,922 | $ | 6,429 | $ | 7,817 | (8 | )% | (24 | )% | |||||||
| Consumer PS | 2,254 | 2,786 | 3,715 | (19 | )% | (39 | )% | ||||||||||
| Personal Systems(a) | 8,176 | 9,215 | 11,532 | (11 | )% | (29 | )% | ||||||||||
| Supplies | 3,006 | 2,857 | 3,131 | 5 | % | (4 | )% | ||||||||||
| Commercial Printing | 1,089 | 1,056 | 1,042 | 3 | % | 5 | % | ||||||||||
| Consumer Printing | 641 | 699 | 790 | (8 | )% | (19 | )% | ||||||||||
| Printing | 4,736 | 4,612 | 4,963 | 3 | % | (5 | )% | ||||||||||
| Corporate Investments (c) | 3 | 1 | — | NM | NM | ||||||||||||
| Total segment net revenue | 12,915 | 13,828 | 16,495 | (7 | )% | (22 | )% | ||||||||||
| Other (c) | (2 | ) | — | (5 | ) | NM | NM | ||||||||||
| Total net revenue | $ | 12,913 | $ | 13,828 | $ | 16,490 | (7 | )% | (22 | )% | |||||||
| Earnings before taxes: (b) | |||||||||||||||||
| Personal Systems | $ | 445 | $ | 497 | $ | 794 | |||||||||||
| Printing | 899 | 870 | 949 | ||||||||||||||
| Corporate Investments | (38 | ) | (33 | ) | (52 | ) | |||||||||||
| Total segment earnings from operations | 1,306 | 1,334 | 1,691 | ||||||||||||||
| Corporate and unallocated cost and other | (90 | ) | (92 | ) | (177 | ) | |||||||||||
| Stock-based compensation expense | (95 | ) | (167 | ) | (70 | ) | |||||||||||
| Restructuring and other charges | (200 | ) | (141 | ) | (82 | ) | |||||||||||
| Acquisition and divestiture charges | (73 | ) | (84 | ) | (32 | ) | |||||||||||
| Amortization of intangible assets | (86 | ) | (85 | ) | (52 | ) | |||||||||||
| Interest and other, net | (160 | ) | (181 | ) | (39 | ) | |||||||||||
| Total earnings before taxes | $ | 602 | $ | 584 | $ | 1,239 | |||||||||||
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HP Inc. Reports Fiscal 2023 Second Quarter Results
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