HP 2008 Annual Report Download - page 162
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 18: Segment Information (Continued)
structure. Total assets by segment as well as for TSG and the reconciliation of segment assets to HP
consolidated total assets were as follows at October 31:
2008 2007 2006
In millions
Enterprise Storage and Servers ............................ $ 11,566 $13,518 $13,647
HP Services .......................................... 42,533 17,232 15,712
HP Software ......................................... 8,908 8,366 1,909
Technology Solutions Group ............................ $ 63,008 $39,116 $31,268
Personal Systems Group ................................. 16,451 14,153 12,237
Imaging and Printing Group .............................. 14,203 14,573 13,889
HP Financial Services ................................... 9,174 9,001 7,927
Corporate Investments .................................. 366 297 305
Corporate and unallocated assets ........................... 10,130 11,559 16,355
Total HP consolidated assets .............................. $113,331 $88,699 $81,981
Major Customers
No single customer represented 10% or more of HP’s total net revenue in any fiscal year
presented.
Geographic Information
Net revenue, classified by the major geographic areas in which HP operates, was as follows for the
following fiscal years ended October 31:
2008 2007 2006
In millions
Net revenue:
U.S. ................................... $ 36,932 $ 34,814 $32,244
Non-U.S. ............................... 81,432 69,472 59,414
Total HP consolidated net revenue ............. $118,364 $104,286 $91,658
Net revenue by geographic area is based upon the sales location that predominately represents the
customer location. Other than the United States, no single country represented more than 10% of HP’s
total consolidated net revenue in any period presented. HP reports revenue net of sales taxes, use taxes
and value-added taxes directly imposed by governmental authorities on HP’s revenue producing
transactions with its customers.
At October 31, 2008, Belgium and the United States had 10% or more of HP’s total consolidated
net assets. At October 31, 2007, no single country other than the United States had 10% or more of
HP’s total consolidated net assets. At October 31, 2006, Belgium and the Netherlands each represented
10% or more of HP’s total consolidated net assets in addition to the United States.
No single country other than the United States had more than 10% of HP’s total consolidated net
property, plant and equipment in any period presented. HP’s long-lived assets other than goodwill and
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