HP 2006 Annual Report Download - page 141

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 18: Segment Information (Continued)
reductions and voluntary severance incentives, recorded in the six months ended April 30, 2005 have
been included in business segment results.
Selected operating results information for each business segment was as follows for the following
fiscal years ended October 31:
Earnings (Loss) from
Total Net Revenue Operations
2006 2005 2004 2006 2005 2004
In millions
Enterprise Storage and Servers ................. $17,308 $16,717 $15,084 $1,446 $ 800 $ 157
HP Services ............................... 15,617 15,536 13,848 1,507 1,151 1,282
Software ................................. 1,301 1,061 923 85 (49) (152)
Technology Solutions Group .................. 34,226 33,314 29,855 3,038 1,902 1,287
Personal Systems Group ...................... 29,166 26,741 24,622 1,152 657 205
Imaging and Printing Group ................... 26,786 25,155 24,199 3,978 3,413 3,843
HP Financial Services ........................ 2,078 2,102 1,895 147 213 125
Corporate Investments ....................... 566 523 449 (151) (174) (179)
Segment total .............................. $92,822 $87,835 $81,020 $8,164 $6,011 $5,281
The reconciliation of segment operating results information to HP consolidated totals was as
follows for the following fiscal years ended October 31:
2006 2005 2004
In millions
Net revenue:
Segment total ........................................... $92,822 $87,835 $81,020
Elimination of intersegment net revenue and other ................ (1,164) (1,139) (1,115)
Total HP consolidated net revenue ............................ $91,658 $86,696 $79,905
Earnings before taxes:
Total segment earnings from operations ......................... $ 8,164 $ 6,011 $ 5,281
Corporate and unallocated costs and eliminations ................. (331) (429) (246)
Unallocated costs related to certain stock-based compensation expense . . (459)
Pension curtailment gain .................................... — 199
Restructuring charges ...................................... (158) (1,684) (114)
In-process research and development charges ..................... (52) (2) (37)
Acquisition-related charges .................................. — — (54)
Amortization of purchased intangible assets ...................... (604) (622) (603)
Interest and other, net ..................................... 606 189 35
Gains (losses) on investments ................................ 25 (13) 4
Dispute settlement ........................................ (106) (70)
Total HP consolidated earnings before taxes ..................... $ 7,191 $ 3,543 $ 4,196
137