HP 2013 Annual Report Download - page 170

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 18: Segment Information (Continued)
The reconciliation of segment operating results to HP consolidated results was as follows for the
fiscal years ended October 31:
2013 2012 2011
In millions
Net revenue:
Segment total ......................................... $115,194 $123,537 $130,687
Elimination of intersegment net revenue and other .............. (2,896) (3,180) (3,442)
Total HP consolidated net revenue .......................... $112,298 $120,357 $127,245
Earnings before taxes:
Total segment earnings from operations ...................... $ 10,848 $ 12,495 $ 13,928
Corporate and unallocated costs and eliminations ............... (832) (787) (314)
Unallocated costs related to certain stock-based compensation
expense ............................................ (500) (635) (618)
Amortization of intangible assets ........................... (1,373) (1,784) (1,607)
Impairment of goodwill and intangible assets .................. — (18,035) (885)
Restructuring charges ................................... (990) (2,266) (645)
Acquisition-related charges ............................... (22) (45) (182)
Interest and other, net ................................... (621) (876) (695)
Total HP consolidated earnings (loss) before taxes .............. $ 6,510 $(11,933) $ 8,982
HP allocates assets to its business segments based on the segments primarily benefiting from the
assets. Total assets by segment and the reconciliation of segment assets to HP consolidated assets were
as follows at October 31:
2013 2012 2011
In millions
Personal Systems ....................................... $ 11,870 $ 12,752 $ 15,781
Printing ............................................. 10,705 11,169 11,939
Printing and Personal Systems Group ........................ 22,575 23,921 27,720
Enterprise Group ...................................... 30,858 30,851 32,388
Enterprise Services ..................................... 15,229 16,383 25,765
Software ............................................. 11,868 12,264 21,028
HP Financial Services ................................... 12,011 12,924 13,543
Corporate Investments .................................. 123 248 517
Corporate and unallocated assets ........................... 13,012 12,177 8,556
Total HP consolidated assets .............................. $105,676 $108,768 $129,517
Assets allocated to the Personal Systems segment in fiscal 2012 decreased as compared to fiscal
2011 as a result of an impairment charge impacting the ‘‘Compaq’’ trade name as described further in
Note 6. Assets allocated to the ES segment decreased in fiscal 2012 due primarily to a goodwill
impairment charge as described further in Note 6. In addition, assets allocated to the Software segment
decreased in fiscal 2012 due primarily to intangible asset and goodwill impairment charges related to
the Autonomy reporting unit as described further in Note 6.
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