HP INC. AND SUBSIDIARIES
SEGMENT/BUSINESS UNIT INFORMATION (Unaudited) (In millions) | |||||||||||||||||
Three months ended | Change (%) | ||||||||||||||||
April 30, 2020 | January 31, 2020 | April 30, 2019 | Q/Q | Y/Y | |||||||||||||
Net revenue: | |||||||||||||||||
Notebooks | $ | 5,083 | $ | 5,974 | $ | 5,099 | (15 | )% | — | % | |||||||
Desktops | 2,409 | 2,923 | 2,940 | (18 | )% | (18 | )% | ||||||||||
Workstations | 439 | 594 | 569 | (26 | )% | (23 | )% | ||||||||||
Other | 382 | 401 | 313 | (5 | )% | 22 | % | ||||||||||
Personal Systems | 8,313 | 9,892 | 8,921 | (16 | )% | (7 | )% | ||||||||||
Supplies | 2,841 | 3,041 | 3,331 | (7 | )% | (15 | )% | ||||||||||
Commercial Hardware | 808 | 1,076 | 1,179 | (25 | )% | (31 | )% | ||||||||||
Consumer Hardware | 509 | 607 | 606 | (16 | )% | (16 | )% | ||||||||||
Printing | 4,158 | 4,724 | 5,116 | (12 | )% | (19 | )% | ||||||||||
Corporate Investments (a) | — | 1 | — | NM | NM | ||||||||||||
Total segment net revenue | 12,471 | 14,617 | 14,037 | (15 | )% | (11 | )% | ||||||||||
Other (a) | (2 | ) | 1 | (1 | ) | NM | NM | ||||||||||
Total net revenue | $ | 12,469 | $ | 14,618 | $ | 14,036 | (15 | )% | (11 | )% | |||||||
Earnings before taxes: | |||||||||||||||||
Personal Systems | $ | 552 | $ | 662 | $ | 385 | |||||||||||
Printing | 548 | 754 | 839 | ||||||||||||||
Corporate Investments | (14 | ) | (13 | ) | (24 | ) | |||||||||||
Total segment earnings from operations | 1,086 | 1,403 | 1,200 | ||||||||||||||
Corporate and unallocated cost and other | (84 | ) | (112 | ) | (97 | ) | |||||||||||
Stock-based compensation expense | (63 | ) | (109 | ) | (66 | ) | |||||||||||
Restructuring and other charges | (81 | ) | (291 | ) | (69 | ) | |||||||||||
Acquisition-related charges | (3 | ) | — | (11 | ) | ||||||||||||
Amortization of intangible assets | (29 | ) | (26 | ) | (29 | ) | |||||||||||
Interest and other, net | — | 13 | (45 | ) | |||||||||||||
Total earnings before taxes | $ | 826 | $ | 878 | $ | 883 |