| HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION (Unaudited) (In millions) | |||||||||||||||
| Three months ended | Change (%) | ||||||||||||||
| April 30, 2022 | January 31, 2022 | April 30, 2021 | Q/Q | Y/Y | |||||||||||
| Net revenue: | |||||||||||||||
| Notebooks | $ | 7,734 | $ | 8,421 | $ | 7,489 | (8)% | 3% | |||||||
| Desktops | 2,855 | 2,807 | 2,225 | 2% | 28% | ||||||||||
| Workstations | 494 | 534 | 407 | (7)% | 21% | ||||||||||
| Other | 449 | 434 | 434 | 3% | 3% | ||||||||||
| Personal Systems | 11,532 | 12,196 | 10,555 | (5)% | 9% | ||||||||||
| Supplies | 3,131 | 3,068 | 3,337 | 2% | (6)% | ||||||||||
| Commercial | 1,042 | 1,039 | 1,085 | —% | (4)% | ||||||||||
| Consumer | 790 | 724 | 901 | 9% | (12)% | ||||||||||
| Printing | 4,963 | 4,831 | 5,323 | 3% | (7)% | ||||||||||
| Corporate Investments (a) | — | 1 | 1 | NM | NM | ||||||||||
| Total segment net revenue | 16,495 | 17,028 | 15,879 | (3)% | 4% | ||||||||||
| Other (a) | (5 | ) | — | (2 | ) | NM | NM | ||||||||
| Total net revenue | $ | 16,490 | $ | 17,028 | $ | 15,877 | (3)% | 4% | |||||||
| Earnings before taxes: | |||||||||||||||
| Personal Systems | $ | 798 | $ | 957 | $ | 710 | |||||||||
| Printing | 958 | 879 | 951 | ||||||||||||
| Corporate Investments | (52 | ) | (74 | ) | (35 | ) | |||||||||
| Total segment earnings from operations | 1,704 | 1,762 | 1,626 | ||||||||||||
| Corporate and unallocated cost and other | (190 | ) | (130 | ) | (108 | ) | |||||||||
| Stock-based compensation expense | (70 | ) | (133 | ) | (75 | ) | |||||||||
| Restructuring and other charges | (82 | ) | (68 | ) | (39 | ) | |||||||||
| Acquisition-related charges | (32 | ) | (20 | ) | (10 | ) | |||||||||
| Amortization of intangible assets | (52 | ) | (52 | ) | (32 | ) | |||||||||
| Interest and other, net | (39 | ) | (32 | ) | (26 | ) | |||||||||
| Total earnings before taxes | $ | 1,239 | $ | 1,327 | $ | 1,336 | |||||||||
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HP Inc. Reports Fiscal 2022 Second Quarter Results
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