HP 2007 Annual Report Download - page 159

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 18: Segment Information (Continued)
laser printers, printer-based MFDs and Total Print Management Solutions for enterprise customers. Graphics and
Imaging products include large format (DesignJet) printers, Indigo and Scitex digital presses, digital publishing
solutions and graphics printing solutions. Printer supplies include LaserJet toner and inkjet printer cartridges and
other printing-related media such as HP-branded Vivera and ColorSphere ink and HP Premium and Premium Plus
photo papers.
• HP Financial Services supports and enhances HP’ s global product and services solutions, providing a broad range of
value-added financial life-cycle management services. HPFS enables HP’ s worldwide customers to acquire
complete IT solutions, including hardware, software and services. HPFS offers leasing, financing, utility programs,
and asset recovery services, as well as financial asset management services, for large global and enterprise
customers. HPFS also provides an array of specialized financial services to SMBs and educational and governmental
entities. HPFS offers innovative, customized and flexible alternatives to balance unique customer cash flow,
technology obsolescence and capacity needs.
• Corporate Investments is managed by the Office of Strategy and Technology and includes HP Labs and certain
business incubation projects. Revenue in this segment is attributable to the sale of certain network infrastructure
products, including Ethernet switch products that enhance computing and enterprise solutions under the brand
“ProCurve Networking,” as well as the licensing of specific HP technology to third parties.
Segment Data
HP derives the results of the business segments directly from its internal management reporting system. The accounting
policies HP uses to derive business segment results are substantially the same as those the consolidated company uses.
Management measures the performance of each business segment based on several metrics, including earnings from
operations. Management uses these results, in part, to evaluate the performance of, and to assign resources to, each of the
business segments. HP does not allocate to its business segments certain operating expenses, which it manages separately at
the corporate level. These unallocated costs include primarily amortization of purchased intangible assets, stock-based
compensation expense related to HP-granted employee stock options and the employee stock purchase plan, certain
acquisition-related charges and charges for purchased IPR&D, as well as certain corporate governance costs.
HP does not allocate to its business segments restructuring charges and any associated adjustments related to
restructuring actions.
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