HP 2009 Annual Report Download - page 164
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 19: Segment Information (Continued)
The reconciliation of segment operating results information to HP consolidated totals was as
follows for the following fiscal years ended October 31:
2009 2008 2007
In millions
Net revenue:
Segment total ......................................... $116,381 $120,169 $105,712
Elimination of intersegment net revenue and other .............. (1,829) (1,805) (1,426)
Total HP consolidated net revenue .......................... $114,552 $118,364 $104,286
Earnings before taxes:
Total segment earnings from operations ...................... $ 13,367 $ 12,769 $ 10,508
Corporate and unallocated costs and eliminations ............... (219) (461) (439)
Unallocated costs related to certain stock-based compensation
expense ............................................ (552) (512) (507)
Amortization of purchased intangible assets ................... (1,571) (967) (783)
In-process research and development charges .................. (7) (45) (190)
Acquisition-related charges ............................... (242) (41) —
Restructuring charges ................................... (640) (270) (387)
Pension curtailments and settlements, net ..................... — — 517
Interest and other, net ................................... (721) — 458
Total HP consolidated earnings before taxes ................... $ 9,415 $ 10,473 $ 9,177
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 2009 segment asset information is stated based on the fiscal 2009 organizational
structure. Total assets by segment as well as for HP Enterprise Business and the reconciliation of
segment assets to HP consolidated total assets were as follows at October 31:
2009 2008 2007
In millions
Services ................................. $ 43,555 $ 42,507 $17,232
Enterprise Storage and Servers ................ 11,662 11,644 13,518
HP Software ............................. 8,936 8,919 8,366
HP Enterprise Business .................... $ 64,153 $ 63,070 $39,116
Personal Systems Group ..................... 14,825 16,436 14,153
Imaging and Printing Group .................. 11,698 14,156 14,573
HP Financial Services ....................... 10,806 9,174 9,001
Corporate Investments ...................... 460 365 297
Corporate and unallocated assets .............. 12,857 10,130 11,559
Total HP consolidated assets .................. $114,799 $113,331 $88,699
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