HP 2008 Annual Report Download - page 160

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 18: Segment Information (Continued)
LaserJet printers and supplies, Edgeline, scanners, enterprise software solutions such as
Exstream Software and Web Jetadmin, managed print services products and solutions, and Halo
telepresence. Graphics solutions include large format printing (Designjet, Scitex, ColorSpan and
NUR), large format supplies, WebPress supplies, Indigo printing, specialty printing systems,
inkjet high-speed production solutions and light production 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 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, PRU’s 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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