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 |