HP 2015 Annual Report Download - page 65
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Table of Contents
Printing segment. We have reflected this change to our segment information in prior reporting periods on an as-if basis, which resulted in the transfer of net
revenue from the Software segment to the Commercial Hardware business unit within the Printing segment. This change also resulted in the transfer of
operating profit from the Software segment to the Commercial Hardware business unit within the Printing segment. In addition, this change resulted in the
reclassification of $512 million of goodwill from the Software segment to the Printing segment.
These changes had no impact on our previously reported consolidated net revenue, earnings from operations, net earnings or net earnings per share.
Printing and Personal Systems Group
The Personal Systems segment and the Printing segment are structured beneath a broader Printing and Personal Systems Group ("PPS"). We describe the
results of the business segments within PPS below.
Personal Systems
The components of net revenue and the weighted net revenue change by business unit were as follows:
63
Net revenue $ 31,469 $ 34,303 $ 32,179
Earnings from operations $ 1,064 $ 1,270 $ 980
Earnings from operations as a % of net revenue 3.4% 3.7% 3.0%
Desktop PCs $ 10,941 $ 13,197 (6.6)
Notebook PCs 17,271 17,540 (0.8)
Workstations 2,018 2,218 (0.6)
Other 1,239 1,348 (0.3)
Total Personal Systems $ 31,469 $ 34,303 (8.3)
Desktop PCs $ 13,197 $ 12,844 1.1
Notebook PCs 17,540 16,029 4.7
Workstations 2,218 2,147 0.2
Other 1,348 1,159 0.6
Total Personal Systems $ 34,303 $ 32,179 6.6
Source: HP INC, 10-K, December 16, 2015 Powered by Morningstar® Document Research℠
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