v3.25.3
Segment Information
 12 Months Ended
Oct. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
HP’s operations are organized into three reportable segments: Personal Systems, Printing, and Corporate Investments. The Company’s Chief Executive Officer is the Chief Operating Decision Maker (“CODM”). HP’s organizational structure is based on many factors that the CODM uses to evaluate, view and run the business operations, which include, but are not limited to, customer base and homogeneity of products and technology. The segments are based on this organizational structure and information reviewed by HP’s CODM to evaluate segment results. The CODM uses earnings from operations to evaluate the performance of the overall business and to allocate resources to each of the segments, primarily through budgeting and segment performance reviews.
The accounting policies HP uses to derive segment results are substantially the same as those used by HP in preparing these financial statements. HP derives the results of the business segments directly from its internal management reporting system.
HP does not allocate certain operating expenses, which it manages at the corporate level, to its segments. These unallocated amounts include expenses such as certain corporate governance costs and infrastructure investments, stock-based compensation expense, restructuring and other charges, acquisition and divestiture charges, amortization of intangible assets and certain litigation (charges) benefits, net.
Significant Segment Expenses and Operating Results
 For the fiscal years ended October 31
 202520242023
 In millions
Net revenue
   
Commercial PS$27,438 $25,486 $24,712 
Consumer PS
11,094 10,709 10,972 
Personal Systems38,532 36,195 35,684 
Supplies10,916 11,295 11,452 
Commercial Printing4,633 4,841 5,250 
Consumer Printing1,153 1,202 1,327 
Printing16,702 17,338 18,029 
Corporate Investments62 25 7 
Total segment net revenue55,296 53,558 53,720 
Other(1)1 (2)
Total net revenue$55,295 $53,559 $53,718 
Cost of net revenue
Personal Systems
$32,877 $30,385 $30,267 
Printing
10,871 11,233 11,847 
Corporate Investments
58 48 10 
Total segment cost of net revenue
$43,806 $41,666 $42,124 
Operating expenses
Personal Systems
$3,601 $3,557 $3,288 
Printing
2,713 2,815 2,783 
Corporate Investments
134 109 139 
Total segment operating expenses
$6,448 $6,481 $6,210 
Earnings before taxes
  
Personal Systems$2,054 $2,253 $2,129 
Printing3,118 3,290 3,399 
Corporate Investments(130)(132)(142)
Total segment earnings from operations5,042 5,411 5,386 
Corporate and unallocated costs and other(411)(381)(375)
Stock-based compensation expense(522)(452)(438)
Restructuring and other charges(405)(301)(527)
Acquisition and divestiture charges(45)(83)(240)
Amortization of intangible assets(345)(318)(350)
Certain litigation charges(140)(58)— 
Interest and other, net(1)
(506)(539)(519)
Total earnings before taxes$2,668 $3,279 $2,937 
(1)    Fiscal year 2025 includes Certain litigation benefits from a single litigation matter that does not relate to HP's ongoing business operations
Segment Assets
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:
 As of October 31
 20252024
 In millions
Personal Systems$24,928 $22,378 
Printing14,632 16,457 
Corporate Investments279 181 
Corporate and unallocated assets1,930 893 
Total assets$41,769 $39,909 
Major Customers
One customer, TD Synnex Corp, accounted for 12% of HP’s net revenue for fiscal year 2025. No single customer represented 10% or more of HP’s net revenue in fiscal year 2024 or 2023.
Geographic Information
Net revenue by country is based upon the sales location that predominately represents the customer location. Other than the United States, no country represented more than 10% of HP net revenue in any fiscal year presented.
Net revenue by country was as follows:
 For the fiscal years ended October 31
 202520242023
  In millions 
United States$19,212 $18,790 $18,829 
Other countries36,083 34,769 34,889 
Total net revenue$55,295 $53,559 $53,718 

Net property, plant and equipment by country in which HP operates was as follows:
 As of October 31
 20252024
 In millions
United States$1,647 $1,471 
Singapore338 335 
South Korea276 297 
Other countries788 811 
Total property, plant and equipment, net$3,049 $2,914 
 
No single country other than those represented above exceeded 10% or more of HP’s total net property, plant and equipment in any fiscal year presented.