HP 2007 Annual Report Download - page 160

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 18: Segment Information (Continued)
Selected operating results information for each business segment was as follows for the following fiscal years ended
October 31:
Total Net Revenue
Earnings (Loss) from
Operations
2007 2006 2005 2007 2006 2005
In millions
Enterprise Storage and Servers ....................................... $18,769 $17,308 $16,717 $1,980 $1,446 $800
HP Services..................................................................... 16,646 15,617 15,536 1,829 1,507 1,151
HP Software.................................................................... 2,325 1,301 1,061 347 85 (49)
Technology Solutions Group.......................................... 37,740 34,226 33,314 4,156 3,038 1,902
Personal Systems Group ................................................. 36,409 29,166 26,741 1,939 1,152 657
Imaging and Printing Group ........................................... 28,465 26,786 25,155 4,315 3,978 3,413
HP Financial Services..................................................... 2,336 2,078 2,102 155 147 213
Corporate Investments .................................................... 762 566 523 (57) (151) (174)
Segment total .................................................................. $105,712 $92,822 $87,835 $10,508 $8,164 $6,011
The reconciliation of segment operating results information to HP consolidated totals was as follows for the following
fiscal years ended October 31:
2007 2006 2005
In millions
Net revenue:
Segment total ...................................................................................................................... $105,712 $92,822 $87,835
Elimination of intersegment net revenue and other ............................................................ (1,426) (1,164) (1,139)
Total HP consolidated net revenue ..................................................................................... $104,286 $91,658 $86,696
Earnings before taxes:
Total segment earnings from operations............................................................................. $10,508 $8,164 $6,011
Corporate and unallocated costs and eliminations .............................................................. (439) (331) (429)
Unallocated costs related to certain stock-based compensation expense............................ (507) (459) —
Amortization of purchased intangible assets ...................................................................... (783) (604) (622)
In-process research and development charges .................................................................... (190) (52) (2)
Restructuring charges ......................................................................................................... (387) (158) (1,684)
Pension curtailments and settlements, net........................................................................... 517 — 199
Interest and other, net .........................................................................................................444 60683
Gains (losses) on investments............................................................................................. 14 25 (13)
Total HP consolidated earnings before taxes...................................................................... $9,177 $7,191 $3,543
HP allocates its assets to its business segments based on the primary segments benefiting from the assets. Corporate and
unallocated assets are composed primarily of cash and cash equivalents. As described above, fiscal 2007 segment asset
information is stated based on the fiscal 2007 organizational
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