| HP INC. AND SUBSIDIARIES
SEGMENT INFORMATION (Unaudited) (In millions) | |||||||||||||||
| Three months ended | |||||||||||||||
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July 31,
2017 |
April 30,
2017 |
July 31,
2016 | |||||||||||||
| Net revenue:(a) | |||||||||||||||
| Personal Systems | $ | 8,404 | $ | 7,662 | $ | 7,512 | |||||||||
| Printing | 4,698 | 4,743 | 4,423 | ||||||||||||
| Corporate Investments | 2 | 3 | — | ||||||||||||
| Total segments | 13,104 | 12,408 | 11,935 | ||||||||||||
| Net revenue eliminations and other | (44 | ) | (23 | ) | (43 | ) | |||||||||
| Total net revenue | $ | 13,060 | $ | 12,385 | $ | 11,892 | |||||||||
| Earnings from continuing operations before taxes:(a) | |||||||||||||||
| Personal Systems | $ | 313 | $ | 244 | $ | 333 | |||||||||
| Printing | 813 | 825 | 903 | ||||||||||||
| Corporate Investments | (20 | ) | (26 | ) | (35 | ) | |||||||||
| Total segment earnings from operations | 1,106 | 1,043 | 1,201 | ||||||||||||
| Corporate costs and eliminations | (52 | ) | (48 | ) | (45 | ) | |||||||||
| Stock-based compensation expense | (46 | ) | (48 | ) | (39 | ) | |||||||||
| Restructuring and other charges | (46 | ) | (140 | ) | (36 | ) | |||||||||
| Acquisition-related charges | (40 | ) | (20 | ) | — | ||||||||||
| Amortization of intangible assets | — | (1 | ) | (2 | ) | ||||||||||
| Defined benefit plan settlement charges | (1 | ) | (3 | ) | — | ||||||||||
| Non-operating retirement-related credits | 34 | 35 | 38 | ||||||||||||
| Interest and other, net | (56 | ) | (64 | ) | (36 | ) | |||||||||
| Total earnings from continuing operations before taxes | $ | 899 | $ | 754 | $ | 1,081 | |||||||||
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HP Inc. Reports Fiscal 2017 Third Quarter Results
(a) Pursuant to the adoption of Accounting Standard Update 2016-09 “Improvements to Employee Share-Based Payment Accounting” in Q1 FY17, excess income tax benefit from stock-based compensation expense is no longer separated from operating income tax cash flows and reported as financing activity. In addition, income taxes paid on shares withheld is now required to be presented as financing activity as opposed to operating activity. The change has been adopted including prior comparative periods.
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