HP Inc. Reports Fiscal 2016 Full-Year and Fourth Quarter Results

                                                                            
                          HP INC. AND SUBSIDIARIES                          
                CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS               
                                 (Unaudited)                                
                   (In millions, except per share amounts)                  
                                                                            
                                                 Three months ended        
                                         --------------------------------- 
                                           October    July 31,    October  
                                          31, 2016      2016      31, 2015 
                                         ----------  ----------  --------- 
Net revenue                              $   12,512  $   11,892 $   12,266 
Costs and expenses:                                                        
  Cost of revenue                            10,221       9,720      9,900 
  Research and development                      318         298        282 
  Selling, general and administrative         1,082         719      1,212 
  Restructuring and other charges                49          36         41 
  Amortization of intangible assets              --           2         26 
  Defined benefit plan settlement                                          
   charges                                      179          --          7 
                                         ----------  ----------  --------- 
      Total costs and expenses               11,849      10,775     11,468 
                                         ----------  ----------  --------- 
Earnings from continuing operations             663       1,117        798 
Interest and other, net                         347         (36)       (99)
                                         ----------  ----------  --------- 
Earnings from continuing operations                                        
 before taxes                                 1,010       1,081        699 
(Provision for) benefit from taxes             (497)       (238)       816 
                                         ----------  ----------  --------- 
Net earnings from continuing operations         513         843      1,515 
Net loss from discontinued operations           (21)        (60)        (192)
                                                                                  ----------    ----------    ---------  
Net  earnings                                                          $            492    $            783  $        1,323  
                                                                                  ==========    ==========    =========  
                                                                                                                                                      
Net  earnings  (loss)  per  share:                                                                                          
Basic                                                                                                                                            
    Continuing  operations                                    $          0.30    $          0.49  $          0.84  
    Discontinued  operations                                          (0.01)            (0.03)          (0.11)
                                                                                  ----------    ----------    ---------  
        Total  basic  net  earnings  per  share      $          0.29    $          0.46  $          0.73  
                                                                                  ==========    ==========    =========  
Diluted                                                                                                                                        
    Continuing  operations                                    $          0.30    $          0.49  $          0.83  
    Discontinued  operations                                          (0.02)            (0.04)          (0.10)
                                                                                  ----------    ----------    ---------  
            Total  diluted  net  earnings  per                                                                              
              share                                                          $          0.28    $          0.45  $          0.73  
                                                                                  ==========    ==========    =========  
                                                                                                                                                      
Cash  dividends  declared  per  share                $              --    $          0.25  $              --  
                                                                                                                                                      
Weighted-average  shares  used  to  compute                                                                        
  net  earnings  per  share:                                                                                                      
    Basic                                                                              1,712              1,711            1,802  
    Diluted                                                                          1,729              1,725            1,821  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                    HP  INC.  AND  SUBSIDIARIES                                                    
                                CONSOLIDATED  CONDENSED  STATEMENTS  OF  EARNINGS                              
                                                                  (Unaudited)                                                                
                                      (In  millions,  except  per  share  amounts)                                    
                                                                                                                                                        
                                                                                                        Twelve  months  ended  Oct  
                                                                                                                            31,                      
                                                                                                        -----------------------  
                                                                                                                2016                2015        
                                                                                                        -----------  -----------  
Net  revenue                                                                                  $        48,238  $        51,463  
Costs  and  expenses:                                                                                                                  
    Cost  of  revenue                                                                                39,240            41,524  
    Research  and  development                                                                1,209              1,191  
    Selling,  general  and  administrative                                          3,840              4,720  
    Restructuring  and  other  charges                                                      205                    63  
    Amortization  of  intangible  assets                                                    16                  102  
    Defined  benefit  plan  settlement  charges/(credits)                  179                  (57)
                                                                                                        -----------  -----------  
            Total  costs  and  expenses                                                      44,689            47,543  
                                                                                                        -----------  -----------  
Earnings  from  continuing  operations                                              3,549              3,920  
Interest  and  other,  net                                                                          212                (388)
                                                                                                        -----------  -----------  
Earnings  from  continuing  operations  before  taxes                    3,761              3,532  
(Provision  for)  benefit  from  taxes                                            (1,095)                  186  
                                                                                                        -----------  -----------  
Net  earnings  from  continuing  operations                                      2,666              3,718  
Net  (loss)  earnings  from  discontinued  operations                    (170)                  836  
                                                                                                        -----------  -----------  
Net  earnings                                                                                $          2,496  $          4,554  
                                                                                                        ===========  ===========  
                                                                                                                                                        
Net  earnings  (loss)  per  share:                                                                                            
Basic                                                                                                                                              
    Continuing  operations                                                          $            1.54  $            2.05  
    Discontinued  operations                                                                (0.10)                0.46  
                                                                                                        -----------  -----------  
            Total  basic  net  earnings  per  share                        $            1.44  $            2.51  
                                                                                                        ===========  ===========  
Diluted                                                                                                                                          
    Continuing  operations                                                          $            1.53  $            2.02  
    Discontinued  operations                                                                (0.10)                0.46  
                                                                                                        -----------  -----------  
            Total  diluted  net  earnings  per  share                    $            1.43  $            2.48  
                                                                                                        ===========  ===========  
                                                                                                                                                        
Cash  dividends  declared  per  share                                      $            0.50  $            0.67  
                                                                                                                                                        
Weighted-average  shares  used  to  compute  net                                                                  
  earnings  per  share:                                                                                                                
    Basic                                                                                                      1,730              1,814  
    Diluted                                                                                                  1,743              1,836  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                    HP  INC.  AND  SUBSIDIARIES                                                    
                  ADJUSTMENTS  TO  GAAP  NET  EARNINGS,  EARNINGS  FROM  OPERATIONS,                
                          OPERATING  MARGIN  AND  DILUTED  NET  EARNINGS  PER  SHARE                        
                                                                  (Unaudited)                                                                
                                    (In  millions,  except  per  share  amounts)                                      
                                                                                                                                                        
                                                                                                                      Three                        
                                        Three        Diluted        Three        Diluted      months      Diluted  
                                      months            net          months            net          ended            net      
                                      ended        earnings      ended        earnings    October    earnings  
                                      October          per        July  31,          per            31,              per      
                                    31,  2016        share          2016            share          2015          share    
                                    --------    --------    --------    --------    -------    --------  
GAAP  net  earnings                                                                                                                      
  from  continuing                                                                                                                        
  operations              $        513    $      0.30    $        843    $      0.49    $  1,515    $      0.83  
Non-GAAP                                                                                                                                        
  adjustments:                                                                                                                              
  Restructuring                                                                                                                            
    and  other                                                                                                                                  
    charges                              49            0.03                36            0.02              41            0.02  
  Acquisition  and                                                                                                                        
    other  related                                                                                                                          
    charges                                7                --                --                --              --                --  
  Amortization  of                                                                                                                        
    intangible                                                                                                                                
    assets                                --                --                  2                --              26            0.01  
  Non-operating                                                                                                                            
    retirement-                                                                                                                              
    related  credits            (28)        (0.02)            (38)        (0.02)          (58)        (0.03)
  Defined  benefit                                                                                                                        
    plan  settlement                                                                                                                      
    charges                            179            0.10                --                --                7                --  
  Adjustments  for                                                                                                                        
    taxes                                329            0.20                12            0.01                9                --  
  Tax                                                                                                                                                
    indemnification                                                                                                                      
    credits                          (435)        (0.25)            (29)        (0.02)            --                --  
  Valuation                                                                                                                                    
    allowances,  net              --                --                --                --          (992)        (0.53)
                                    --------    --------    --------    --------    -------    --------  
Non-GAAP  net                                                                                                                                
  earnings                  $        614    $      0.36    $        826    $      0.48    $      548    $      0.30  
                                    ========    ========    ========    ========    =======    ========  
                                                                                                                                                        
GAAP  earnings                                                                                                                              
  from  continuing                                                                                                                        
  operations              $        663                        $    1,117                        $      798                      
Non-GAAP                                                                                                                                        
  adjustments:                                                                                                                              
  Restructuring                                                                                                                            
    and  other                                                                                                                                  
    charges                              49                                    36                                  41                      
  Acquisition  and                                                                                                                        
    other  related                                                                                                                          
    charges                                7                                    --                                  --                      
  Amortization  of                                                                                                                        
    intangible                                                                                                                                
    assets                                --                                      2                                  26                      
  Non-operating                                                                                                                            
    retirement-                                                                                                                              
    related  credits            (28)                                (38)                              (58)                    
  Defined  benefit                                                                                                                        
    plan  settlement                                                                                                                      
    charges                            179                                    --                                    7                      
                                    --------                        --------                        -------                      
Non-GAAP  earnings  $        870                        $    1,117                        $      814                      
                                    ========                        ========                        =======                      
                                                                                                                                                        
GAAP  operating                                                                                                                            
  margin  from                                                                                                                                
  continuing                                                                                                                                  
  operations                            5%                                    9%                                  7%                    
                                    ========                        ========                        =======                      
Non-GAAP                                                                                                                                        
  adjustments                          2%                                  --%                                  0%                    
                                    --------                        --------                        -------                      
Non-GAAP                                                                                                                                        
  operating  margin                7%                                    9%                                  7%                    
                                    ========                        ========                        =======                      
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                    HP  INC.  AND  SUBSIDIARIES                                                    
                  ADJUSTMENTS  TO  GAAP  NET  EARNINGS,  EARNINGS  FROM  OPERATIONS,                
                          OPERATING  MARGIN  AND  DILUTED  NET  EARNINGS  PER  SHARE                        
                                                                  (Unaudited)                                                                
                                    (In  millions,  except  per  share  amounts)                                      
                                                                                                                                                        
                                                      Twelve                                        Twelve                                  
                                                      months            Diluted              months              Diluted      
                                                      ended                  net                  ended                    net          
                                                October  31,      earnings        October  31,        earnings      
                                                        2016            per  share              2015              per  share    
                                                -----------    -----------    -----------      -----------  
GAAP  net  earnings  from                                                                                                            
  continuing  operations    $          2,666    $            1.53    $          3,718      $            2.02  
Non-GAAP  adjustments:                                                                                                              
    Restructuring  and                                                                                                                  
      other  charges                                205                  0.12                      63                    0.03  
    Acquisition-related                                                                                                              
      charges                                                7                      --                        1                        --  
    Amortization  of                                                                                                                      
      intangible  assets                          16                  0.01                    102                    0.06  
    Non-operating                                                                                                                          
      retirement-related                                                                                                              
      credits                                          (146)              (0.08)                (232)                (0.13)
    Defined  benefit  plan                                                                                                            
      settlement                                                                                                                              
      charges/(credits)                        179                  0.10                    (57)                (0.03)
    Adjustments  for  taxes                  332                  0.19                      76                    0.04  
    Valuation  allowance,                                                                                                            
      net                                                      --                      --                  (992)                (0.53)
    Tax  indemnification                                                                                                              
      credits                                          (472)              (0.27)                    --                        --  
                                                -----------    -----------    -----------      -----------  
Non-GAAP  net  earnings      $          2,787    $            1.60    $          2,679      $            1.46  
                                                ===========    ===========    ===========      ===========  
                                                                                                                                                        
GAAP  earnings  from                                                                                                                    
  continuing  operations    $          3,549                              $          3,920                              
Non-GAAP  adjustments:                                                                                                              
    Restructuring  and                                                                                                                  
      other  charges                                205                                                63                              
    Acquisition-related                                                                                                              
      charges                                                7                                                  1                              
    Amortization  of                                                                                                                      
      intangible  assets                          16                                              102                              
    Non-operating                                                                                                                          
      retirement-related                                                                                                              
      credits                                          (146)                                          (232)                            
    Defined  benefit  plan                                                                                                            
      settlement                                                                                                                              
      charges/(credits)                        179                                              (57)                            
                                                -----------                              -----------                              
Non-GAAP  earnings              $          3,810                              $          3,797                              
                                                ===========                              ===========                              
                                                                                                                                                        
GAAP  operating  margin                                                                                                              
  from  continuing                                                                                                                        
  operations                                              7%                                                8%                            
Non-GAAP  adjustments                            1%                                              (1)%                          
                                                -----------                              -----------                              
Non-GAAP  operating                                                                                                                    
  margin                                                      8%                                                7%                            
                                                ===========                              ===========                              
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                    HP  INC.  AND  SUBSIDIARIES                                                    
                                        CONSOLIDATED  CONDENSED  BALANCE  SHEETS                                      
                                                                  (Unaudited)                                                                
                                                                (In  millions)                                                              
                                                                                                                                                        
                                                                                                                            As  of                  
                                                                                                        ------------------------
                                                                                                        October  31,    October  31,
                                                                                                                2016                  2015      
                                                                                                        -----------    -----------
ASSETS                                                                                                                                            
Current  assets:                                                                                                                          
    Cash  and  cash  equivalents                                                  $          6,288    $          7,584
    Accounts  receivable                                                                          4,114                4,825
    Inventory                                                                                              4,484                4,288
    Other  current  assets                                                                        3,582                4,498
    Current  assets  of  discontinued  operations                                    --              30,592
                                                                                                        -----------    -----------
        Total  current  assets                                                                  18,468              51,787
                                                                                                        -----------    -----------
Property,  plant  and  equipment                                                          1,736                1,492
Goodwill                                                                                                    5,622                5,680
Other  non-current  assets                                                                    3,184                1,592
Non-current  assets  of  discontinued  operations                                --              46,331
                                                                                                        -----------    -----------
Total  assets                                                                                $        29,010    $      106,882
                                                                                                        ===========    ===========
                                                                                                                                                        
LIABILITIES  AND  STOCKHOLDERS'  EQUITY                                                                                
Current  liabilities:                                                                                                                
    Notes  payable  and  short-term  borrowings                      $                78    $          2,194
    Accounts  payable                                                                              11,103              10,194
    Employee  compensation  and  benefits                                                759                    747
    Taxes  on  earnings                                                                                  231                    243
    Deferred  revenue                                                                                    919                1,051
    Other  accrued  liabilities                                                              5,718                6,241
    Current  liabilities  of  discontinued  operations                          --              21,521
                                                                                                        -----------    -----------
        Total  current  liabilities                                                        18,808              42,191
                                                                                                        -----------    -----------
Long-term  debt                                                                                        6,758                6,677
Other  non-current  liabilities                                                          7,333                7,414
Non-current  liabilities  of  discontinued  operations                      --              22,449
Stockholders'  equity:                                                                                                              
    HP  stockholders'  (deficit)  equity                                            (3,889)            27,768
    Non-controlling  interests  of  discontinued                                                                  
      operations                                                                                                --                    383
                                                                                                        -----------    -----------
        Total  stockholders'  (deficit)  equity                                  (3,889)            28,151
                                                                                                        -----------    -----------
Total  liabilities  and  stockholders'  equity                    $        29,010    $      106,882
                                                                                                        ===========    ===========
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                    HP  INC.  AND  SUBSIDIARIES                                                    
                              CONSOLIDATED  CONDENSED  STATEMENTS  OF  CASH  FLOWS                            
                                                                  (Unaudited)                                                                
                                                                (In  millions)                                                              
                                                                                                                                                        
                                                                                                            Three  months  ended        
                                                                                                                    October  31,              
                                                                                                      ------------------------  
                                                                                                              2016              2015(a)      
                                                                                                      -----------    -----------  
Cash  flows  from  operating  activities:                                                                              
    Net  earnings                                                                          $              492    $          1,323  
    Adjustments  to  reconcile  net  earnings  to  net                                                            
      cash  provided  by  operating  activities:                                                                      
        Depreciation  and  amortization                                                      83                1,007  
        Stock-based  compensation  expense                                                42                    234  
        Provision  for  doubtful  accounts                                                  28                      33  
        Provision  for  inventory                                                                  19                      78  
        Restructuring  and  other  charges                                                  49                    591  
        Deferred  taxes  on  earnings                                                        (577)            (1,598)
            Excess  tax  benefit  from  stock-based                                                                      
              compensation                                                                                  (2)                  (21)
        Other,  net                                                                                          210                    355  
    Changes  in  operating  assets  and  liabilities,  net                                                    
      of  acquisitions:                                                                                                                  
        Accounts  receivable                                                                      (163)                (627)
        Financing  receivables                                                                      --                  (257)
        Inventory                                                                                          (542)                  137  
        Accounts  payable                                                                              690                    389  
        Taxes  on  earnings                                                                            983                    938  
        Restructuring  and  other                                                                (43)                (237)
        Other  assets  and  liabilities                                                    (571)                  264  
                                                                                                      -----------    -----------  
            Net  cash  provided  by  operating  activities                        698                2,609  
                                                                                                      -----------    -----------  
Cash  flows  from  investing  activities:                                                                              
    Investment  in  property,  plant  and  equipment                          (146)                (961)
    Proceeds  from  sale  of  property,  plant  and                                                                  
      equipment                                                                                                  6                    114  
    Purchases  of  available-for-sale  securities  and                                                        
      other  investments                                                                                (4)                  (79)
    Maturities  and  sales  of  available-for-sale                                                                
      securities  and  other  investments                                                  --                      56  
    Payments  made  in  connection  with  business                                                                  
      acquisitions,  net  of  cash  acquired                                              (7)                  (27)
    Proceeds  from  business  divestitures,  net                                  315                      90  
                                                                                                      -----------    -----------  
            Net  cash  provided  by  (used  in)  investing                                                            
              activities                                                                                    164                  (807)
                                                                                                      -----------    -----------  
Cash  flows  from  financing  activities:                                                                              
    Short-term  borrowings  with  original  maturities                                                        
      less  than  90  days,  net                                                                      25              (2,559)
    Proceeds  from  debt,  net  of  issuance  costs                                  --              14,765  
    Payment  of  debt                                                                                    (30)          (13,225)
    Settlement  of  cash  flow  hedge                                                          --                      28  
    Issuance  of  common  stock  under  employee  stock                                                          
      plans                                                                                                          7                      68  
    Repurchase  of  common  stock                                                                (2)                (301)
    Excess  tax  benefit  from  stock-based  compensation                      2                      21  
    Cash  dividends  paid                                                                          (212)                (337)
                                                                                                      -----------    -----------  
            Net  cash  used  in  financing  activities                              (210)            (1,540)
                                                                                                      -----------    -----------  
Net  increase  in  cash  and  cash  equivalents                                    652                    262  
Cash  and  cash  equivalents  at  beginning  of  period                  5,636              17,171  
Cash  and  cash  equivalents  at  end  of  period                  $          6,288    $        17,433  
                                                                                                      ===========    ===========  
                                                                                                                                                        
(a)    The  consolidated  condensed  statement  of  cash  flows  for  the  three  months
          ended  October  31,  2015  represents  the  combined  cash  flows  of  HP  prior    
          to  separation,  as  previously  filed,  and  has  not  been  adjusted  to              
          reflect  the  effect  of  the  separation  of  Hewlett  Packard  Enterprise          
          Company.                                                                                                                              
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                    HP  INC.  AND  SUBSIDIARIES                                                    
                              CONSOLIDATED  CONDENSED  STATEMENTS  OF  CASH  FLOWS                            
                                                                  (Unaudited)                                                                
                                                                (In  millions)                                                              
                                                                                                                                                        
                                                                                                            Twelve  months  ended      
                                                                                                                    October  31,              
                                                                                                      ------------------------  
                                                                                                              2016              2015(a)      
                                                                                                      -----------    -----------  
Cash  flows  from  operating  activities:                                                                              
    Net  earnings                                                                          $          2,496    $          4,554  
    Adjustments  to  reconcile  net  earnings  to  net                                                            
      cash  provided  by  operating  activities:                                                                      
        Depreciation  and  amortization                                                    332                4,061  
        Stock-based  compensation  expense                                              182                    709  
        Provision  for  doubtful  accounts                                                  65                      71  
        Provision  for  inventory                                                                  95                    305  
        Restructuring  and  other  charges                                                200                1,017  
        Deferred  taxes  on  earnings                                                          401                  (700)
        Excess  tax  benefit  from  stock-based                                                                          
          compensation                                                                                      (6)                (145)
        Other,  net                                                                                        (198)              1,031  
    Changes  in  operating  assets  and  liabilities,  net                                                    
      of  acquisitions:                                                                                                                  
        Accounts  receivable                                                                        565                    572  
        Financing  receivables                                                                      --                    (65)
        Inventory                                                                                          (291)                (330)
        Accounts  payable                                                                              928                      31  
        Taxes  on  earnings                                                                            106                  (137)
        Restructuring  and  other                                                              (157)            (1,243)
        Other  assets  and  liabilities                                                (1,488)            (3,241)
                                                                                                      -----------    -----------  
            Net  cash  provided  by  operating  activities                    3,230                6,490  
                                                                                                      -----------    -----------  
Cash  flows  from  investing  activities:                                                                              
    Investment  in  property,  plant  and  equipment                          (433)            (3,603)
    Proceeds  from  sale  of  property,  plant  and                                                                  
      equipment                                                                                                  6                    424  
    Purchases  of  available-for-sale  securities  and                                                        
      other  investments                                                                            (126)                (259)
    Maturities  and  sales  of  available-for-sale                                                                
      securities  and  other  investments                                                133                    302  
    Payments  made  in  connection  with  business                                                                  
      acquisitions,  net  of  cash  acquired                                              (7)            (2,644)
    Proceeds  from  business  divestitures,  net                                  475                    246  
                                                                                                      -----------    -----------  
            Net  cash  provided  by  (used  in)  investing                                                            
              activities                                                                                      48              (5,534)
                                                                                                      -----------    -----------  
Cash  flows  from  financing  activities:                                                                              
    Short-term  borrowings  with  original  maturities                                                        
      less  than  90  days,  net                                                                      97                      74  
    Proceeds  from  debt,  net  of  issuance  costs                                    4              20,758  
    Payment  of  debt                                                                              (2,188)          (15,867)
    Settlement  of  cash  flow  hedge                                                            4                      (4)
    Net  transfer  of  cash  and  cash  equivalents  to                                                            
      Hewlett  Packard  Enterprise  Company                                    (10,375)                    --  
    Issuance  of  common  stock  under  employee  stock                                                          
      plans                                                                                                        48                    371  
    Repurchase  of  common  stock                                                        (1,161)            (2,883)
    Excess  tax  benefit  from  stock-based  compensation                      6                    145  
    Cash  dividends  paid                                                                          (858)            (1,250)
                                                                                                      -----------    -----------  
            Net  cash  (used  in)  provided  by  financing                                                            
              activities                                                                            (14,423)              1,344  
                                                                                                      -----------    -----------  
Net  (decrease)  increase  in  cash  and  cash                                                                        
  equivalents                                                                                      (11,145)              2,300  
Cash  and  cash  equivalents  at  beginning  of                                                                      
  period(a)                                                                                            17,433              15,133  
                                                                                                      -----------    -----------  
Cash  and  cash  equivalents  at  end  of  period                  $          6,288    $        17,433  
                                                                                                      ===========    ===========  
                                                                                                                                                        
  (a)  The  consolidated  condensed  statement  of  cash  flows  for  the  twelve            
          months  ended  October  31,  2015  represents  the  combined  cash  flows  of  HP  
          prior  to  separation,  as  previously  filed,  and  has  not  been  adjusted  to  
          reflect  the  effect  of  the  separation  of  Hewlett  Packard  Enterprise          
          Company.                                                                                                                              
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                    HP  INC.  AND  SUBSIDIARIES                                                    
                                                          SEGMENT  INFORMATION                                                        
                                                                  (Unaudited)                                                                
                                                                (In  millions)                                                              
                                                                                                                                                        
                                                                                                Three  months  ended                    
                                                                            -------------------------------------  
                                                                            October  31,        July  31,      October  31,  
                                                                                    2016                  2016                  2015        
                                                                            -----------    -----------    -----------  
Net  revenue:                                                                                                                                
    Personal  Systems                                        $          8,018    $          7,512    $          7,694  
    Printing                                                                    4,558                4,423                4,965  
    Corporate  Investments                                                  1                      --                        4  
                                                                            -----------    -----------    -----------  
        Total  segments                                                  12,577              11,935              12,663  
    Intersegment  net  revenue                                                                                                    
      eliminations  and  other                                          (65)                  (43)                (397)
                                                                            -----------    -----------    -----------  
        Total  net  revenue                                  $        12,512    $        11,892    $        12,266  
                                                                            ===========    ===========    ===========  
                                                                                                                                                        
Earnings  from  continuing  operations                                                                                  
  before  taxes:(a)                                                                                                                      
    Personal  Systems                                        $              346    $              333    $              281  
    Printing                                                                        637                    903                    837  
    Corporate  Investments                                              (32)                  (35)                  (11)
                                                                            -----------    -----------    -----------  
        Total  segment  earnings  from                                                                                          
          operations                                                              951                1,201                1,107  
    Corporate  costs  and  eliminations                        (39)                  (45)                (249)
    Stock-based  compensation  expense                        (42)                  (39)                  (44)
    Acquisition  and  other  related                                                                                          
      charges                                                                          (7)                    --                      --  
    Restructuring  and  other  charges                          (49)                  (36)                  (41)
    Amortization  of  intangible  assets                        --                      (2)                  (26)
    Non-operating  retirement-related                                                                                    
      credits(a)                                                                    28                      38                      58  
    Defined  benefit  plan  settlement                                                                                      
      credits                                                                      (179)                    --                      (7)
    Interest  and  other,  net                                          347                    (36)                  (99)
                                                                            -----------    -----------    -----------  
        Total  earnings  from  continuing                                                                                    
          operations  before  taxes                    $          1,010    $          1,081    $              699  
                                                                            ===========    ===========    ===========  
                                                                                                                                                        
  (a)  Effective  at  the  beginning  of  its  first  quarter  of  fiscal  2016,  HP          
          implemented  a  reporting  change  to  provide  better  transparency  to  its      
          segment  operating  results.  This  reporting  change  resulted  in  the              
          exclusion  of  certain  market-related  factors  such  as  interest  cost,          
          expected  return  on  plan  assets,  amortized  actuarial  gains  or  losses,      
          and  impacts  from  other  market-related  factors  related  to  its  defined      
          benefit  pension  and  post-retirement  benefit  plans  from  its  segment          
          operating  results  ("Non-operating  retirement-related                                      
          credits/(charges)").  This  change  also  resulted  in  the  exclusion  of          
          certain  plan  curtailments,  settlements  and  special  termination  benefits
          related  to  its  defined  benefit  pension  and  post-retirement  benefit          
          plans  from  HP's  segment  operating  results.  Segment  operating  results      
          will  continue  to  include  service  costs  and  amortization  of  prior              
          service  costs  associated  with  HP's  defined  benefit  pension  and  post-      
          retirement  benefit  plans.  The  reporting  change  had  an  immaterial  impact
          to  previously  reported  segment  net  revenue  and  earnings  from                      
          operations.  This  change  had  no  impact  on  HP's  previously  reported            
          consolidated  net  revenue,  earnings  from  operations,  net  earnings  or  net
          earnings  per  share.                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                                    HP  INC.  AND  SUBSIDIARIES                                                    
                                                          SEGMENT  INFORMATION                                                        
                                                                  (Unaudited)                                                                
                                                                (In  millions)                                                              
                                                                                                                                                        
 

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