HP 2009 Annual Report Download - page 162

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 19: Segment Information (Continued)
HP’s consumer and SMB inkjet solutions (hardware, ink, media) and develops HP’s retail and
web businesses. It includes single function and all-in-one inkjet printers targeted toward
consumers and SMBs as well as retail publishing solutions, Snapfish, and Logoworks. LaserJet
and Enterprise Solutions delivers products and services to the enterprise segment. It includes
LaserJet printers and supplies, multi-function printers, 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.
•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 sold under the brand
‘‘ProCurve Networking.’’
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, PRUs 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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