HP Reports Fourth Quarter and Fiscal 2013 Results

                                                                            
                  HEWLETT-PACKARD COMPANY AND SUBSIDIARIES                  
               CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS                
                                (Unaudited)                                 
                   (In millions except per share amounts)                   
                                                                            
                                                 Three months ended         
                                         ---------------------------------- 
                                           Oct 31,    July 31,     Oct 31,  
                                            2013        2013        2012    
                                         ----------  ----------  ---------- 
                                                                            
Net revenue                              $   29,131  $   27,226  $   29,959 
                                                                            
Costs and expenses:                                                         
  Cost of sales                              22,437      20,859      22,711 
  Research and development                      729         797         909 
  Selling, general and administrative         3,351       3,274       3,227 
  Amortization of intangible assets             317         356         372 
  Impairment of goodwill and intangible                                     
   assets                                         -           -       8,847 
  Restructuring charges                         371          81         378 
  Acquisition-related charges                     3           4           3 
                                         ----------  ----------  ---------- 
    Total costs and expenses                 27,208      25,371      36,447 
                                         ----------  ----------  ---------- 
                                                                            
Earnings (loss) from operations               1,923       1,855      (6,488)
                                                                                                             
Interest  and  other,  net                                                (103)              (146)              (188)
                                                                                  ----------    ----------    ----------  
                                                                                                                                                        
Earnings  (loss)  before  taxes                                    1,820              1,709            (6,676)
                                                                                                                                                        
Provision  for  taxes                                                        (406)              (319)              (178)
                                                                                  ----------    ----------    ----------  
                                                                                                                                                        
Net  earnings  (loss)                                            $        1,414    $        1,390    $      (6,854)
                                                                                  ==========    ==========    ==========  
                                                                                                                                                        
Net  earnings  (loss)  per  share:                                                                                            
    Basic                                                                    $          0.74    $          0.72    $        (3.49)
    Diluted                                                                $          0.73    $          0.71    $        (3.49)
                                                                                                                                                        
Cash  dividends  declared  per  share                $                -    $          0.29    $                -  
                                                                                                                                                        
                                                                                                                                                        
Weighted-average  shares  used  to  compute                                                                          
  net  earnings  (loss)  per  share:                                                                                          
    Basic                                                                              1,918              1,929              1,964  
    Diluted                                                                          1,940              1,948              1,964  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                    HEWLETT-PACKARD  COMPANY  AND  SUBSIDIARIES                                    
                                CONSOLIDATED  CONDENSED  STATEMENTS  OF  EARNINGS                              
                                      (In  millions  except  per  share  amounts)                                      
                                                                                                                                                        
                                                                                                          Twelve  months  ended        
                                                                                                                      Oct  31,                    
                                                                                                    -------------------------  
                                                                                                            2013                    2012        
                                                                                                    -----------      -----------  
                                                                                                    (Unaudited)                              
                                                                                                                                                        
Net  revenue                                                                              $      112,298      $      120,357  
                                                                                                                                                        
Costs  and  expenses:                                                                                                                  
    Cost  of  sales                                                                                86,380                92,385  
    Research  and  development                                                            3,135                  3,399  
    Selling,  general  and  administrative                                    13,267                13,500  
    Amortization  of  intangible  assets                                          1,373                  1,784  
    Impairment  of  goodwill  and  intangible  assets                            -                18,035  
    Restructuring  charges                                                                      990                  2,266  
    Acquisition-related  charges                                                            22                        45  
                                                                                                    -----------      -----------  
        Total  costs  and  expenses                                                    105,167              131,414  
                                                                                                    -----------      -----------  
                                                                                                                                                        
Earnings  (loss)  from  operations                                                  7,131              (11,057)
                                                                                                                                                        
Interest  and  other,  net                                                                    (621)                  (876)
                                                                                                    -----------      -----------  
                                                                                                                                                        
Earnings  (loss)  before  taxes                                                        6,510              (11,933)
                                                                                                                                                        
Provision  for  taxes                                                                        (1,397)                  (717)
                                                                                                    -----------      -----------  
                                                                                                                                                        
Net  earnings  (loss)                                                              $          5,113      $      (12,650)
                                                                                                    ===========      ===========  
                                                                                                                                                        
Net  earnings  (loss)  per  share:                                                                                            
    Basic                                                                                      $            2.64      $          (6.41)
    Diluted                                                                                  $            2.62      $          (6.41)
                                                                                                                                                        
Cash  dividends  declared  per  share                                  $            0.55      $            0.50  
                                                                                                                                                        
                                                                                                                                                        
Weighted-average  shares  used  to  compute  net                                                                  
  earnings  (loss)  per  share:                                                                                                  
    Basic                                                                                                  1,934                  1,974  
    Diluted                                                                                              1,950                  1,974  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                    HEWLETT-PACKARD  COMPANY  AND  SUBSIDIARIES                                    
                ADJUSTMENTS  TO  GAAP  NET  EARNINGS,  EARNINGS  FROM  OPERATIONS,                  
                                    OPERATING  MARGIN  AND  EARNINGS  PER  SHARE                                      
                                                                (Unaudited)                                                                  
                                      (In  millions  except  per  share  amounts)                                      
                                                                                                                                                        
                                        Three                            Three                            Three                          
                                      months                          months                          months                          
                                      ended        Diluted      ended        Diluted      ended          Diluted    
                                    Oct  31,      earnings  July  31,    earnings  Oct  31,        earnings  
                                        2013      per  share      2013      per  share      2012        per  share  
                                    --------  ---------  --------  ---------  --------    ---------  
                                                                                                                                                        
GAAP  net  earnings                                                                                                                      
  (loss)                      $    1,414  $        0.73  $    1,390  $        0.71  $  (6,854)  $      (3.49)
                                                                                                                                                        
Non-GAAP                                                                                                                                        
  adjustments:                                                                                                                              
    Amortization  of                                                                                                                      
      intangible                                                                                                                              
      assets                            317            0.16            356            0.19            372              0.19  
    Impairment  of                                                                                                                          
      goodwill  and                                                                                                                          
      intangible                                                                                                                              
      assets(a)                          -                  -                -                  -        8,847              4.51  
    Restructuring                                                                                                                          
      charges                          371            0.19              81            0.04            378              0.19  
    Acquisition-                                                                                                                            
      related                                                                                                                                    
      charges                              3                  -                4                  -                3                    -  
    Adjustments  for                                                                                                                      
      taxes(b)                      (146)        (0.07)        (155)        (0.08)        (465)          (0.24)
                                    --------  ---------  --------  ---------  --------    ---------  
Non-GAAP  net                                                                                                                                
  earnings                  $    1,959  $        1.01  $    1,676  $        0.86  $    2,281    $        1.16  
                                    ========  =========  ========  =========  ========    =========  
                                                                                                                                                        
                                                                                                                                                        
GAAP  earnings                                                                                                                              
  (loss)  from                                                                                                                                
  operations              $    1,923                      $    1,855                      $  (6,488)                      
                                                                                                                                                        
Non-GAAP                                                                                                                                        
  adjustments:                                                                                                                              
    Amortization  of                                                                                                                      
      intangible                                                                                                                              
      assets                            317                                356                                372                        
    Impairment  of                                                                                                                          
      goodwill  and                                                                                                                          
      intangible                                                                                                                              
      assets(a)                          -                                    -                            8,847                        
    Restructuring                                                                                                                          
      charges                          371                                  81                                378                        
    Acquisition-                                                                                                                            
      related                                                                                                                                    
      charges                              3                                    4                                    3                        
                                    --------                      --------                      --------                        
Non-GAAP  earnings                                                                                                                      
  from  operations    $    2,614                      $    2,296                      $    3,112                        
                                    ========                      ========                      ========                        
                                                                                                                                                        
GAAP  operating                                                                                                                            
  margin                                    7%                                  7%                              (22%)                    
Non-GAAP                                                                                                                                        
  adjustments                          2%                                  1%                                32%                      
                                    --------                      --------                      --------                        
Non-GAAP                                                                                                                                        
  operating  margin                9%                                  8%                                10%                      
                                    ========                      ========                      ========                        
                                                                                                                                                        
(a)  For  the  period  ended  October  31,  2012,  represents  a  goodwill  and                
        intangible  asset  impairment  charge  of  $8.8  billion  associated  with  the    
        Autonomy  reporting  unit  within  the  Software  segment.                                        
                                                                                                                                                        
(b)  For  the  period  ended  October  31,  2012,  adjustments  for  taxes  is  net  of  a
        valuation  allowance  of  $0.5  billion  provided  for  certain  deferred  tax      
        assets.                                                                                                                                  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                    HEWLETT-PACKARD  COMPANY  AND  SUBSIDIARIES                                    
                ADJUSTMENTS  TO  GAAP  NET  EARNINGS,  EARNINGS  FROM  OPERATIONS,                  
                                    OPERATING  MARGIN  AND  EARNINGS  PER  SHARE                                      
                                                                (Unaudited)                                                                  
                                      (In  millions  except  per  share  amounts)                                      
                                                                                                                                                        
                                                      Twelve                                        Twelve                                  
                                                months  ended        Diluted      months  ended          Diluted    
                                                October  31,        earnings      October  31,          earnings    
                                                        2013              per  share            2012                per  share  
                                                ------------    ----------    ------------      ----------  
                                                                                                                                                        
GAAP  net  earnings                                                                                                                      
  (loss)                                  $            5,113    $          2.62    $        (12,650)    $        (6.41)
                                                                                                                                                        
Non-GAAP  adjustments:                                                                                                              
    Amortization  of                                                                                                                      
      intangible  assets                      1,373                0.70                  1,784                  0.90  
    Impairment  of                                                                                                                          
      goodwill  and                                                                                                                          
      intangible  assets(a)                        -                      -                18,035                  9.14  
    Restructuring  charges                    990                0.51                  2,266                  1.15  
    Acquisition-related                                                                                                              
      charges                                                22                0.01                        45                  0.02  
    Wind  down  of  non-                                                                                                                  
      strategic                                                                                                                                
      businesses(b)                                      -                      -                        72                  0.03  
    Adjustments  for                                                                                                                      
      taxes(c)                                          (560)            (0.28)              (1,517)              (0.78)
                                                ------------    ----------    ------------      ----------  
Non-GAAP  net  earnings      $            6,938    $          3.56    $            8,035      $          4.05  
                                                ============    ==========    ============      ==========  
                                                                                                                                                        
                                                                                                                                                        
GAAP  earnings  (loss)                                                                                                                
  from  operations                $            7,131                            $        (11,057)                          
                                                                                                                                                        
Non-GAAP  adjustments:                                                                                                              
    Amortization  of                                                                                                                      
      intangible  assets                      1,373                                          1,784                            
    Impairment  of                                                                                                                          
      goodwill  and                                                                                                                          
      intangible  assets(a)                        -                                        18,035                            
    Restructuring  charges                    990                                          2,266                            
    Acquisition-related                                                                                                              
      charges                                                22                                                45                            
    Wind  down  of  non-                                                                                                                  
      strategic                                                                                                                                
      businesses(b)                                      -                                                72                            
                                                ------------                            ------------                            
Non-GAAP  earnings  from                                                                                                            
  operations                          $            9,516                            $          11,145                            
                                                ============                            ============                            
                                                                                                                                                        
GAAP  operating  margin                            6%                                              (9%)                        
Non-GAAP  adjustments                              2%                                              18%                          
                                                ------------                            ------------                            
Non-GAAP  operating                                                                                                                    
  margin                                                        8%                                                9%                          
                                                ============                            ============                            
                                                                                                                                                        
(a)  For  the  period  ended  October  31,  2012,  represents  a  goodwill  and                
        intangible  asset  impairment  charge  of  $8.8  billion  associated  with  the    
        Autonomy  reporting  unit  within  the  Software  segment,  a  goodwill                  
        impairment  charge  of  $8.0  billion  associated  with  the  Enterprise                
        Services  segment  and  an  intangible  asset  impairment  charge  of  $1.2            
        billion  associated  with  the  "Compaq"  trade  name  within  the  Personal          
        Systems  segment.                                                                                                                
                                                                                                                                                        
(b)  For  the  period  ended  October  31,  2012,  represents  primarily  contract-      
        related  charges,  including  inventory  write-downs,  related  to  winding        
        down  certain  retail  publishing  business  activities  within  the  Printing    
        segment,  net  of  adjustments  to  expenses  for  supplier-related  obligations
        related  to  winding  down  the  webOS  device  business.                                            
                                                                                                                                                        
(c)  For  the  period  ended  October  31,  2012,  adjustments  for  taxes  is  net  of    
        valuation  allowances  of  $1.3  billion  provided  for  certain  deferred  tax    
        assets.                                                                                                                                  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                    HEWLETT-PACKARD  COMPANY  AND  SUBSIDIARIES                                    
                                        CONSOLIDATED  CONDENSED  BALANCE  SHEETS                                      
                                                                (In  millions)                                                              
                                                                                                                                                        
                                                                                                        October  31,    October  31,
                                                                                                                2013                  2012      
                                                                                                        -----------    -----------
                                                                                                        (Unaudited)                          
ASSETS                                                                                                                                            
                                                                                                                                                        
Current  assets:                                                                                                                          
    Cash  and  cash  equivalents                                                  $        12,163    $        11,301
    Accounts  receivable                                                                        15,876              16,407
    Financing  receivables                                                                      3,144                3,252
    Inventory                                                                                              6,046                6,317
    Other  current  assets                                                                      13,135              13,360
                                                                                                        -----------    -----------
                                                                                                                                                        
        Total  current  assets                                                                  50,364              50,637
                                                                                                        -----------    -----------
                                                                                                                                                        
Property,  plant  and  equipment                                                        11,463              11,954
                                                                                                                                                        
Long-term  financing  receivables  and  other  assets                    9,556              10,593
                                                                                                                                                        
Goodwill  and  intangible  assets                                                      34,293              35,584
                                                                                                        -----------    -----------
                                                                                                                                                        
Total  assets                                                                                $      105,676    $      108,768
                                                                                                        ===========    ===========
                                                                                                                                                        
                                                                                                                                                        
LIABILITIES  AND  STOCKHOLDERS'  EQUITY                                                                                
                                                                                                                                                        
Current  liabilities:                                                                                                                
    Notes  payable  and  short-term  borrowings                      $          5,979    $          6,647
    Accounts  payable                                                                              14,019              13,350
    Employee  compensation  and  benefits                                            4,436                4,058
    Taxes  on  earnings                                                                              1,203                    846
    Deferred  revenue                                                                                6,477                7,494
    Other  accrued  liabilities                                                            13,407              14,271
                                                                                                        -----------    -----------
                                                                                                                                                        
        Total  current  liabilities                                                        45,521              46,666
                                                                                                        -----------    -----------
                                                                                                                                                        
Long-term  debt                                                                                      16,608              21,789
                                                                                                                                                        
Other  liabilities                                                                                15,891              17,480
                                                                                                                                                        
Stockholders'  equity:                                                                                                              
    HP  stockholders'  equity                                                                27,269              22,436
    Non-controlling  interests                                                                  387                    397
                                                                                                        -----------    -----------
                                                                                                                                                        
        Total  stockholders'  equity                                                      27,656              22,833
                                                                                                        -----------    -----------
                                                                                                                                                        
Total  liabilities  and  stockholders'  equity                    $      105,676    $      108,768
                                                                                                        ===========    ===========
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                    HEWLETT-PACKARD  COMPANY  AND  SUBSIDIARIES                                    
                                      CONSOLIDATED  STATEMENTS  OF  CASH  FLOWS                                        
                                                                (Unaudited)                                                                  
                                                              (In  millions)                                                                
                                                                                                                                                        
                                                                                              Three  months      Twelve  months  
                                                                                                    ended                      ended          
                                                                                              October  31,          October  31,    
                                                                                                      2013                        2013          
                                                                                            -------------      -------------  
                                                                                                                                                        
Cash  flows  from  operating  activities:                                                                              
    Net  earnings                                                                $              1,414      $              5,113  
    Adjustments  to  reconcile  net  earnings  to                                                                    
      net  cash  provided  by  operating                                                                                      
      activities:                                                                                                                            
        Depreciation  and  amortization                                          1,120                      4,611  
        Stock-based  compensation  expense                                        102                          500  
        Provision  for  doubtful  accounts  and                                                                          
          inventory                                                                                      71                          336  
        Restructuring  charges                                                              371                          990  
        Deferred  taxes  on  earnings                                                  (952)                      (410)
        Excess  tax  benefit  from  stock-based                                                                          
          compensation                                                                                (1)                          (2)
        Other,  net                                                                                    100                          443  
                                                                                                                                                        
        Changes  in  operating  assets  and                                                                                  
          liabilities:                                                                                                                      
            Accounts  receivables                                                      (1,542)                        530  
            Financing  receivables                                                          (84)                        484  
            Inventory                                                                                  441                            (4)
            Accounts  payable                                                                    611                          541  
            Taxes  on  earnings                                                                  937                          417  
            Restructuring                                                                        (260)                      (904)
            Other  assets  and  liabilities                                            488                    (1,037)
                                                                                            -------------      -------------  
                Net  cash  provided  by  operating                                                                            
                  activities                                                                      2,816                    11,608  
                                                                                            -------------      -------------  
                                                                                                                                                        
Cash  flows  from  investing  activities:                                                                              
        Investment  in  property,  plant  and                                                                              
          equipment                                                                                  (919)                  (3,199)
        Proceeds  from  sale  of  property,  plant                                                                      
          and  equipment                                                                            146                          653  
        Purchases  of  available-for-sale                                                                                  
          securities  and  other  investments                                    (450)                  (1,243)
        Maturities  and  sales  of  available-for-                                                                    
          sale  securities  and  other  investments                            279                      1,153  
        Payments  made  in  connection  with                                                                                
          business  acquisitions,  net  of  cash                                                                          
          acquired                                                                                          -                        (167)
                                                                                            -------------      -------------  
                Net  cash  used  in  investing                                                                                    
                  activities                                                                        (944)                  (2,803)
                                                                                            -------------      -------------  
                                                                                                                                                        
Cash  flows  from  financing  activities:                                                                              
        Issuance  (repayment)  of  commercial  paper                                                                
          and  notes  payable,  net                                                            16                        (154)
        Issuance  of  debt                                                                          25                          279  
        Payment  of  debt                                                                    (2,248)                  (5,721)
        Issuance  of  common  stock  under  employee                                                                  
          stock  plans                                                                                    9                          288  
        Repurchase  of  common  stock                                                  (479)                  (1,532)
        Excess  tax  benefit  from  stock-based                                                                          
          compensation                                                                                  1                              2  
        Cash  dividends  paid                                                                (284)                  (1,105)
                                                                                            -------------      -------------  
                Net  cash  used  in  financing                                                                                    
                  activities                                                                    (2,960)                  (7,943)
                                                                                            -------------      -------------  
                                                                                                                                                        
(Decrease)  increase  in  cash  and  cash                                                                                
  equivalents                                                                                  (1,088)                        862  
Cash  and  cash  equivalents  at  beginning  of                                                                      
  period                                                                                            13,251                    11,301  
                                                                                            -------------      -------------  
Cash  and  cash  equivalents  at  end  of  period        $            12,163      $            12,163  
                                                                                            =============      =============  
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                    HEWLETT-PACKARD  COMPANY  AND  SUBSIDIARIES                                    
                                                        SEGMENT  INFORMATION                                                          
                                                                (Unaudited)                                                                  
                                                              (In  millions)                                                                
                                                                                                                                                        
                                                                                            Three  months  ended                        
                                                                      ----------------------------------------  
                                                                        October  31,        July  31,          October  31,  
                                                                              2013                    2013                    2012          
                                                                      ------------    ------------    ------------  
Net  revenue:(a)                                                                                                                          
                                                                                                                                                        
    Personal  Systems                                  $            8,579    $            7,704    $            8,727  
    Printing                                                                6,044                  5,803                  6,080  
                                                                      ------------    ------------    ------------  
        Total  Printing  and  Personal                                                                                          
          Systems  Group(b)                                        14,623                13,507                14,807  
    Enterprise  Group                                                7,594                  6,786                  7,459  
    Enterprise  Services                                          5,759                  5,843                  6,352  
    Software                                                                1,064                      982                  1,171  
    HP  Financial  Services                                          912                      879                      966  
    Corporate  Investments                                              5                          5                        10  
                                                                      ------------    ------------    ------------  
        Total  segments                                              29,957                28,002                30,765  
    Elimination  of  intersegment  net                                                                                      
      revenue  and  other                                              (826)                  (776)                  (806)
                                                                      ------------    ------------    ------------  
                                                                                                                                                        
        Total  HP  consolidated  net                                                                                              
          revenue                                              $          29,131    $          27,226    $          29,959  
                                                                      ============    ============    ============  
                                                                                                                                                        
Earnings  before  taxes:(a)                                                                                                      
                                                                                                                                                        
    Personal  Systems                                  $                259    $                228    $                309  
    Printing                                                                1,071                      908                  1,067  
                                                                      ------------    ------------    ------------  
        Total  Printing  and  Personal                                                                                          
          Systems  Group(b)                                          1,330                  1,136                  1,376  
    Enterprise  Group                                                1,102                  1,033                  1,229  
    Enterprise  Services                                              255                      192                      423  
    Software                                                                    328                      201                      318  
    HP  Financial  Services                                          102                        99                      104  
    Corporate  Investments                                          (57)                    (58)                    (78)
                                                                      ------------    ------------    ------------  
        Total  segment  earnings  from                                                                                          
          operations                                                      3,060                  2,603                  3,372  
                                                                                                                                                        
    Corporate  and  unallocated  costs                                                                                      
      and  eliminations                                                (344)                  (200)                  (119)
    Unallocated  costs  related  to                                                                                            
      stock-based  compensation                                                                                                  
      expense                                                                  (102)                  (107)                  (141)
    Amortization  of  intangible                                                                                                
      assets                                                                    (317)                  (356)                  (372)
    Impairment  of  goodwill  and                                                                                                
      intangible  assets                                                    -                          -                (8,847)
    Restructuring  charges                                        (371)                    (81)                  (378)
    Acquisition-related  charges                                (3)                      (4)                      (3)
    Interest  and  other,  net                                    (103)                  (146)                  (188)
                                                                      ------------    ------------    ------------  
                                                                                                                                                        
        Total  HP  consolidated  earnings                                                                                    
          (loss)  before  taxes                      $            1,820    $            1,709    $          (6,676)
                                                                      ============    ============    ============  
                                                                                                                                                        
(a)  HP  has  implemented  certain  organizational  realignments  in  the  first          
        quarter  of  fiscal  2013.  As  a  result  of  these  realignments,  HP  has  re-      
        evaluated  its  segment  financial  reporting  structure  and,  effective  in      
        the  first  quarter  of  fiscal  2013,  created  two  new  financial  reporting      
        segments,  the  Enterprise  Group  segment  and  the  Enterprise  Services            
        segment,  and  eliminated  two  other  financial  reporting  segments,  the          
        Enterprise  Servers,  Storage  and  Networking  ("ESSN")  segment  and  the          
        Services  segment.  The  Enterprise  Group  segment  consists  of  the  business  
        units  within  the  former  ESSN  segment  and  most  of  the  services  offerings  
        of  the  Technology  Services  ("TS")  business  unit,  which  was  previously  a  
        part  of  the  former  Services  segment.  The  Enterprise  Services  segment        
        consists  of  the  Applications  and  Business  Services  ("ABS")  and                    
        Infrastructure  Technology  Outsourcing  ("ITO")  business  units  from  the      
        former  Services  segment,  along  with  the  end-user  workplace  support            
        services  business  that  was  previously  a  part  of  the  TS  business  unit.      
        Taking  into  account  these  changes,  HP  has  the  following  seven  financial  
        reporting  segments:  Personal  Systems,  Printing,  the  Enterprise  Group,      
        Enterprise  Services,  Software,  HP  Financial  Services  and  Corporate            
        Investments.                                                                                                                        
                                                                                                                                                        
        Also  as  a  result  of  these  realignments,  the  financial  results  of  the        
        Personal  Systems  commercial  products  support  business,  which  were              
        previously  reported  as  part  of  the  TS  business  unit,  will  now  be                
        reported  as  part  of  the  Other  business  unit  within  the  Personal  Systems  
        segment,  and  the  financial  results  of  the  portion  of  the  business              
        intelligence  services  business  that  had  continued  to  be  reported  as  part
        of  the  Corporate  Investments  segment  following  the  implementation  of        
        prior  realignment  actions  will  now  be  reported  as  part  of  the  ABS              
        business  unit.  In  addition,  the  end-user  workplace  support  services          
        business,  which,  as  noted  above,  was  previously  a  part  of  the  TS                
        business  unit  and  will  now  become  a  part  of  the  Enterprise  Services          
        segment,  will  be  reported  as  part  of  the  ITO  business  unit  within  that    
        segment.                                                                                                                                
                                                                                                                                                        
        To  provide  improved  visibility  and  comparability,  HP  has  reflected  these
        changes  to  its  reporting  structure  in  prior  financial  reporting  periods  
        on  an  as-if  basis,  which  has  resulted  in  the  transfer  of  revenue  and        
        operating  profit  among  the  Personal  Systems,  the  Enterprise  Group,            
        Enterprise  Services  and  Corporate  Investments  segments.  These  changes      
        had  no  impact  on  the  previously  reported  financial  results  for  the            
        Printing,  Software  or  HP  Financial  Services  segments.  In  addition,  none  
        of  these  changes  impacted  HP's  previously  reported  consolidated  net          
        revenue,  earnings  from  operations,  net  earnings  or  net  earnings  per          
        share.                                                                                                                                    
                                                                                                                                                        
(b)  The  Personal  Systems  segment  and  the  Printing  segment  are  structured        
        beneath  a  broader  Printing  and  Personal  Systems  Group  ("PPS").  While  PPS
        is  not  a  financial  reporting  segment,  HP  provides  financial  data                
        aggregating  the  segments  within  it  in  order  to  provide  a  supplementary    
        view  of  its  business.                                                                                                      
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                    HEWLETT-PACKARD  COMPANY  AND  SUBSIDIARIES                                    
                                                        SEGMENT  INFORMATION                                                          
                                                                (In  millions)                                                              
                                                                                                                                                        
                                                                                                        Twelve  months  ended          
                                                                                                                October  31,                  
                                                                                                ---------------------------  
                                                                                                        2013                      2012          
                                                                                                ------------      ------------  
                                                                                                  (Unaudited)                                
Net  revenue:(a)                                                                                                                          
                                                                                                                                                        
    Personal  Systems                                                            $          32,071      $          35,725  
    Printing                                                                                        23,854                  24,487  
                                                                                                ------------      ------------  
        Total  Printing  and  Personal  Systems                                                                          
          Group(b)                                                                                  55,925                  60,212  
    Enterprise  Group                                                                        28,183                  29,779  
    Enterprise  Services                                                                  23,520                  25,609  
    Software                                                                                          3,913                    4,060  
    HP  Financial  Services                                                                3,629                    3,819  
    Corporate  Investments                                                                      24                          58  
                                                                                                ------------      ------------  
        Total  Segments                                                                      115,194                123,537  
    Elimination  of  intersegment  net  revenue  and                                                              
      other                                                                                            (2,896)                (3,180)
                                                                                                ------------      ------------  
                                                                                                                                                        
        Total  HP  consolidated  net  revenue                      $        112,298      $        120,357  
                                                                                                ============      ============  
                                                                                                                                                        
Earnings  before  taxes:(a)                                                                                                      
                                                                                                                                                        
    Personal  Systems                                                            $                949      $            1,689  
    Printing                                                                                          3,890                    3,585  
                                                                                                ------------      ------------  
        Total  Printing  and  Personal  Systems                                                                          
          Group(b)                                                                                    4,839                    5,274  
    Enterprise  Group                                                                          4,301                    5,194  
    Enterprise  Services                                                                        679                    1,045  
    Software                                                                                              866                        827  
    HP  Financial  Services                                                                    399                        388  
    Corporate  Investments                                                                  (236)                    (233)
                                                                                                ------------      ------------  
        Total  segment  earnings  from  operations                        10,848                  12,495  
                                                                                                                                                        
    Corporate  and  unallocated  costs  and                                                                              
      eliminations                                                                                  (832)                    (787)
    Unallocated  costs  related  to  stock-based                                                                    
      compensation  expense                                                                  (500)                    (635)
    Amortization  of  intangible  assets                                      (1,373)                (1,784)
    Impairment  of  goodwill  and  intangible  assets                          -                (18,035)
    Restructuring  charges                                                                  (990)                (2,266)
    Acquisition-related  charges                                                        (22)                      (45)
    Interest  and  other,  net                                                              (621)                    (876)
                                                                                                ------------      ------------  
                                                                                                                                                        
        Total  HP  consolidated  earnings  (loss)                                                                      
          before  taxes                                                              $            6,510      $        (11,933)
                                                                                                ============      ============  
                                                                                                                                                        
(a)  HP  has  implemented  certain  organizational  realignments  in  the  first          
        quarter  of  fiscal  2013.  As  a  result  of  these  realignments,  HP  has  re-      
        evaluated  its  segment  financial  reporting  structure  and,  effective  in      
        the  first  quarter  of  fiscal  2013,  created  two  new  financial  reporting      
        segments,  the  Enterprise  Group  segment  and  the  Enterprise  Services            
        segment,  and  eliminated  two  other  financial  reporting  segments,  the          
        Enterprise  Servers,  Storage  and  Networking  ("ESSN")  segment  and  the          
        Services  segment.  The  Enterprise  Group  segment  consists  of  the  business  
        units  within  the  former  ESSN  segment  and  most  of  the  services  offerings  
        of  the  Technology  Services  ("TS")  business  unit,  which  was  previously  a  
        part  of  the  former  Services  segment.  The  Enterprise  Services  segment        
        consists  of  the  Applications  and  Business  Services  ("ABS")  and                    
        Infrastructure  Technology  Outsourcing  ("ITO")  business  units  from  the      
        former  Services  segment,  along  with  the  end-user  workplace  support            
        services  business  that  was  previously  a  part  of  the  TS  business  unit.      
        Taking  into  account  these  changes,  HP  has  the  following  seven  financial  
        reporting  segments:  Personal  Systems,  Printing,  the  Enterprise  Group,      
        Enterprise  Services,  Software,  HP  Financial  Services  and  Corporate            
        Investments.                                                                                                                        
                                                                                                                                                        
        Also  as  a  result  of  these  realignments,  the  financial  results  of  the        
        Personal  Systems  commercial  products  support  business,  which  were              
        previously  reported  as  part  of  the  TS  business  unit,  will  now  be                
        reported  as  part  of  the  Other  business  unit  within  the  Personal  Systems  
        segment,  and  the  financial  results  of  the  portion  of  the  business              
        intelligence  services  business  that  had  continued  to  be  reported  as  part
        of  the  Corporate  Investments  segment  following  the  implementation  of        
        prior  realignment  actions  will  now  be  reported  as  part  of  the  ABS              
        business  unit.  In  addition,  the  end-user  workplace  support  services          
        business,  which,  as  noted  above,  was  previously  a  part  of  the  TS                
        business  unit  and  will  now  become  a  part  of  the  Enterprise  Services          
        segment,  will  be  reported  as  part  of  the  ITO  business  unit  within  that    
        segment.                                                                                                                                
                                                                                                                                                        
        To  provide  improved  visibility  and  comparability,  HP  has  reflected  these
        changes  to  its  reporting  structure  in  prior  financial  reporting  periods  
        on  an  as-if  basis,  which  has  resulted  in  the  transfer  of  revenue  and        
        operating  profit  among  the  Personal  Systems,  the  Enterprise  Group,            
        Enterprise  Services  and  Corporate  Investments  segments.  These  changes      
        had  no  impact  on  the  previously  reported  financial  results  for  the            
        Printing,  Software  or  HP  Financial  Services  segments.  In  addition,  none  
        of  these  changes  impacted  HP's  previously  reported  consolidated  net          
        revenue,  earnings  from  operations,  net  earnings  or  net  earnings  per          
        share.                                                                                                                                    
                                                                                                                                                        
(b)  The  Personal  Systems  segment  and  the  Printing  segment  are  structured        
        beneath  a  broader  Printing  and  Personal  Systems  Group  ("PPS").  While  PPS
        is  not  a  financial  reporting  segment,  HP  provides  financial  data                
        aggregating  the  segments  within  it  in  order  to  provide  a  supplementary    
        view  of  its  business.                                                                                                      
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                  HEWLETT-PACKARD  COMPANY  AND  SUBSIDIARIES                                      
                                        SEGMENT  /  BUSINESS  UNIT  INFORMATION                                          
                                                                (Unaudited)                                                                  
                                                              (In  millions)                                                                
                                                                                                                                                        
                                                                                                                            Growth  rate      
                                                                          Three  months  ended                      (%)              
                                                                ---------------------------    -------------    
                                                                  October        July        October                                  
                                                                      31,            31,              31,                                      
                                                                    2013            2013          2012          Q/Q          Y/Y      
                                                                --------    -------    --------    -----      -----    
Net  revenue:(a)                                                                                                                          
                                                                                                                                                        
    Printing  and  Personal  Systems                                                                                          
      Group(b)                                                                                                                                  
        Personal  Systems                                                                                                                
            Notebooks                                  $    4,461    $  3,722    $    4,572          20%          (2%)
            Desktops                                          3,273        3,147          3,369            4%          (3%)
            Workstations                                      554            537              550            3%            1%  
            Other                                                    291            298              236          (2%)        23%  
                                                                --------    -------    --------                                  
                Total  Personal  Systems          8,579        7,704          8,727          11%          (2%)
                                                                --------    -------    --------                                  
                                                                                                                                                        
        Printing                                                                                                                                
            Supplies                                          3,862        3,839          4,007            1%          (4%)
            Commercial  Hardware                    1,551        1,399          1,482          11%            5%  
            Consumer  Hardware                            631            565              591          12%            7%  
                                                                --------    -------    --------                                  
                Total  Printing                          6,044        5,803          6,080            4%          (1%)
                                                                --------    -------    --------                                  
                    Total  Printing  and                                                                                                
                      Personal  Systems                                                                                                  
                      Group                                    14,623      13,507        14,807            8%          (1%)
                                                                --------    -------    --------                                  
                                                                                                                                                        
        Enterprise  Group                                                                                                                
            Industry  Standard  Servers        3,451        2,851          3,137          21%          10%  
            Technology  Services                    2,201        2,174          2,340            1%          (6%)
            Storage                                                952            833              946          14%            1%  
            Networking                                          656            644              635            2%            3%  
            Business  Critical  Systems            334            284              401          18%        (17%)
                                                                --------    -------    --------                                  
                Total  Enterprise  Group          7,594        6,786          7,459          12%            2%  
                                                                --------    -------    --------                                  
                                                                                                                                                        
        Enterprise  Services                                                                                                          
            Infrastructure  Technology                                                                                          
              Outsourcing                                  3,563        3,662          3,924          (3%)        (9%)
            Application  and  Business                                                                                            
              Services                                        2,196        2,181          2,428            1%        (10%)
                                                                --------    -------    --------                                  
                Total  Enterprise                                                                                                        
                  Services                                    5,759        5,843          6,352          (1%)        (9%)
                                                                --------    -------    --------                                  
                                                                                                                                                        
        Software                                              1,064            982          1,171            8%          (9%)
                                                                --------    -------    --------                                  
                                                                                                                                                        
        HP  Financial  Services                        912            879              966            4%          (6%)
                                                                --------    -------    --------                                  
                                                                                                                                                        
        Corporate  Investments                            5                5                10            0%        (50%)
                                                                --------    -------    --------                                  
            Total  segments                            29,957      28,002        30,765            7%          (3%)
                                                                --------    -------    --------                                  
                                                                                                                                                        
        Elimination  of  intersegment                                                                                          
          net  revenue  and  other                    (826)        (776)          (806)          6%            2%  
                                                                --------    -------    --------                                  
                                                                                                                                                        
        Total  HP  consolidated  net                                                                                              
          revenue                                        $  29,131    $27,226    $  29,959            7%          (3%)
                                                                ========    =======    ========                                  
                                                                                                                                                        
(a)  HP  has  implemented  certain  organizational  realignments  in  the  first          
        quarter  of  fiscal  2013.  As  a  result  of  these  realignments,  HP  has  re-      
        evaluated  its  segment  financial  reporting  structure  and,  effective  in      
        the  first  quarter  of  fiscal  2013,  created  two  new  financial  reporting      
        segments,  the  Enterprise  Group  segment  and  the  Enterprise  Services            
        segment,  and  eliminated  two  other  financial  reporting  segments,  the          
        Enterprise  Servers,  Storage  and  Networking  ("ESSN")  segment  and  the          
        Services  segment.  The  Enterprise  Group  segment  consists  of  the  business  
        units  within  the  former  ESSN  segment  and  most  of  the  services  offerings  
        of  the  Technology  Services  ("TS")  business  unit,  which  was  previously  a  
        part  of  the  former  Services  segment.  The  Enterprise  Services  segment        
        consists  of  the  Applications  and  Business  Services  ("ABS")  and                    
        Infrastructure  Technology  Outsourcing  ("ITO")  business  units  from  the      
        former  Services  segment,  along  with  the  end-user  workplace  support            
        services  business  that  was  previously  a  part  of  the  TS  business  unit.      
        Taking  into  account  these  changes,  HP  has  the  following  seven  financial  
        reporting  segments:  Personal  Systems,  Printing,  the  Enterprise  Group,      
        Enterprise  Services,  Software,  HP  Financial  Services  and  Corporate            
        Investments.                                                                                                                        
                                                                                                                                                        
        Also  as  a  result  of  these  realignments,  the  financial  results  of  the        
        Personal  Systems  commercial  products  support  business,  which  were              
        previously  reported  as  part  of  the  TS  business  unit,  will  now  be                
        reported  as  part  of  the  Other  business  unit  within  the  Personal  Systems  
        segment,  and  the  financial  results  of  the  portion  of  the  business              
        intelligence  services  business  that  had  continued  to  be  reported  as  part
        of  the  Corporate  Investments  segment  following  the  implementation  of        
        prior  realignment  actions  will  now  be  reported  as  part  of  the  ABS              
        business  unit.  In  addition,  the  end-user  workplace  support  services          
        business,  which,  as  noted  above,  was  previously  a  part  of  the  TS                
        business  unit  and  will  now  become  a  part  of  the  Enterprise  Services          
        segment,  will  be  reported  as  part  of  the  ITO  business  unit  within  that    
        segment.                                                                                                                                
                                                                                                                                                        
        To  provide  improved  visibility  and  comparability,  HP  has  reflected  these
        changes  to  its  reporting  structure  in  prior  financial  reporting  periods  
        on  an  as-if  basis,  which  has  resulted  in  the  transfer  of  revenue  and        
        operating  profit  among  the  Personal  Systems,  the  Enterprise  Group,            
        Enterprise  Services  and  Corporate  Investments  segments.  These  changes      
        had  no  impact  on  the  previously  reported  financial  results  for  the            
        Printing,  Software  or  HP  Financial  Services  segments.  In  addition,  none  
        of  these  changes  impacted  HP's  previously  reported  consolidated  net          
        revenue,  earnings  from  operations,  net  earnings  or  net  earnings  per          
        share.                                                                                                                                    
                                                                                                                                                        
(b)  The  Personal  Systems  segment  and  the  Printing  segment  are  structured        
        beneath  a  broader  Printing  and  Personal  Systems  Group  ("PPS").  While  PPS
        is  not  a  financial  reporting  segment,  HP  provides  financial  data                
        aggregating  the  segments  within  it  in  order  to  provide  a  supplementary    
        view  of  its  business.                                                                                                      
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                    HEWLETT-PACKARD  COMPANY  AND  SUBSIDIARIES                                    
                                        SEGMENT  /  BUSINESS  UNIT  INFORMATION                                          
                                                              (In  millions)                                                                
                                                                                                                                                        
                                                                                                          Twelve  months  ended        
                                                                                                                  October  31,                
                                                                                                    -------------------------  
                                                                                                            2013                    2012        
                                                                                                    -----------      -----------  
                                                                                                    (Unaudited)                              
Net  revenue:(a)                                                                                                                          
                                                                                                                                                        
    Printing  and  Personal  Systems  Group(b)                                                                        
        Personal  Systems                                                                                                                
            Notebooks                                                                      $        16,029      $        18,830  
            Desktops                                                                                  12,844                13,888  
            Workstations                                                                            2,147                  2,148  
            Other                                                                                          1,051                      859  
                                                                                                    -----------      -----------  
                Total  Personal  Systems                                                  32,071                35,725  
                                                                                                    -----------      -----------  
                                                                                                                                                        
        Printing                                                                                                                                
            Supplies                                                                                  15,716                16,151  
            Commercial  Hardware                                                              5,702                  5,895  
            Consumer  Hardware                                                                  2,436                  2,441  
                                                                                                    -----------      -----------  
                Total  Printing                                                                  23,854                24,487  
                                                                                                    -----------      -----------  
                    Total  Printing  and  Personal  Systems                                                              
                      Group                                                                              55,925                60,212  
                                                                                                    -----------      -----------  
                                                                                                                                                        
        Enterprise  Group                                                                                                                
            Industry  Standard  Servers                                                12,102                12,582  
            Technology  Services                                                              8,890                  9,288  
            Storage                                                                                      3,475                  3,815  
            Networking                                                                                2,526                  2,482  
            Business  Critical  Systems                                                  1,190                  1,612  
                                                                                                    -----------      -----------  
                Total  Enterprise  Group                                                  28,183                29,779  
                                                                                                    -----------      -----------  
                                                                                                                                                        
        Enterprise  Services                                                                                                          
            Infrastructure  Technology  Outsourcing                        14,682                15,792  
            Application  and  Business  Services                                  8,838                  9,817  
                                                                                                    -----------      -----------  
                Total  Enterprise  Services                                            23,520                25,609  
                                                                                                    -----------      -----------  
                                                                                                                                                        
        Software                                                                                        3,913                  4,060  
                                                                                                    -----------      -----------  
                                                                                                                                                        
        HP  Financial  Services                                                              3,629                  3,819  
                                                                                                    -----------      -----------  
                                                                                                                                                        
        Corporate  Investments                                                                    24                        58  
                                                                                                    -----------      -----------  
                Total  segments                                                                115,194              123,537  
                                                                                                    -----------      -----------  
                                                                                                                                                        
    Elimination  of  intersegment  net  revenue  and                                                              
      other                                                                                              (2,896)              (3,180)
                                                                                                    -----------      -----------  
                                                                                                                                                        
        Total  HP  consolidated  net  revenue                          $      112,298      $      120,357  
                                                                                                    ===========      ===========  
                                                                                                                                                        
(a)  HP  has  implemented  certain  organizational  realignments  in  the  first          
        quarter  of  fiscal  2013.  As  a  result  of  these  realignments,  HP  has  re-      
        evaluated  its  segment  financial  reporting  structure  and,  effective  in      
        the  first  quarter  of  fiscal  2013,  created  two  new  financial  reporting      
        segments,  the  Enterprise  Group  segment  and  the  Enterprise  Services            
        segment,  and  eliminated  two  other  financial  reporting  segments,  the          
        Enterprise  Servers,  Storage  and  Networking  ("ESSN")  segment  and  the          
        Services  segment.  The  Enterprise  Group  segment  consists  of  the  business  
        units  within  the  former  ESSN  segment  and  most  of  the  services  offerings  
        of  the  Technology  Services  ("TS")  business  unit,  which  was  previously  a  
        part  of  the  former  Services  segment.  The  Enterprise  Services  segment        
        consists  of  the  Applications  and  Business  Services  ("ABS")  and                    
        Infrastructure  Technology  Outsourcing  ("ITO")  business  units  from  the      
        former  Services  segment,  along  with  the  end-user  workplace  support            
        services  business  that  was  previously  a  part  of  the  TS  business  unit.      
        Taking  into  account  these  changes,  HP  has  the  following  seven  financial  
        reporting  segments:  Personal  Systems,  Printing,  the  Enterprise  Group,      
        Enterprise  Services,  Software,  HP  Financial  Services  and  Corporate            
        Investments.                                                                                                                        
                                                                                                                                                        
        Also  as  a  result  of  these  realignments,  the  financial  results  of  the        
        Personal  Systems  commercial  products  support  business,  which  were              
        previously  reported  as  part  of  the  TS  business  unit,  will  now  be                
        reported  as  part  of  the  Other  business  unit  within  the  Personal  Systems  
        segment,  and  the  financial  results  of  the  portion  of  the  business              
        intelligence  services  business  that  had  continued  to  be  reported  as  part
        of  the  Corporate  Investments  segment  following  the  implementation  of        
        prior  realignment  actions  will  now  be  reported  as  part  of  the  ABS              
        business  unit.  In  addition,  the  end-user  workplace  support  services          
        business,  which,  as  noted  above,  was  previously  a  part  of  the  TS                
        business  unit  and  will  now  become  a  part  of  the  Enterprise  Services          
        segment,  will  be  reported  as  part  of  the  ITO  business  unit  within  that    
        segment.                                                                                                                                
                                                                                                                                                        
        To  provide  improved  visibility  and  comparability,  HP  has  reflected  these
        changes  to  its  reporting  structure  in  prior  financial  reporting  periods  
        on  an  as-if  basis,  which  has  resulted  in  the  transfer  of  revenue  and        
        operating  profit  among  the  Personal  Systems,  the  Enterprise  Group,            
        Enterprise  Services  and  Corporate  Investments  segments.  These  changes      
        had  no  impact  on  the  previously  reported  financial  results  for  the            
        Printing,  Software  or  HP  Financial  Services  segments.  In  addition,  none  
        of  these  changes  impacted  HP's  previously  reported  consolidated  net          
        revenue,  earnings  from  operations,  net  earnings  or  net  earnings  per          
        share.                                                                                                                                    
                                                                                                                                                        
(b)  The  Personal  Systems  segment  and  the  Printing  segment  are  structured        
        beneath  a  broader  Printing  and  Personal  Systems  Group  ("PPS").  While  PPS
        is  not  a  financial  reporting  segment,  HP  provides  financial  data                
        aggregating  the  segments  within  it  in  order  to  provide  a  supplementary    
        view  of  its  business.                                                                                                      
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                    HEWLETT-PACKARD  COMPANY  AND  SUBSIDIARIES                                    
                              SEGMENT  NON-GAAP  OPERATING  MARGIN  SUMMARY  DATA                              
                                                                (Unaudited)                                                                  
                                                                                                                                                        
                                                                      Three  months            Change  in  Operating        
                                                                              ended                          Margin  (pts)              
                                                                      ------------      -------------------------  
                                                                      October  31,                                                            
                                                                              2013                      Q/Q                      Y/Y          
                                                                      ------------      -----------      -----------  
                                                                                                                                                        
Non-GAAP  operating  margin:(a)                                                                                              
    Personal  Systems                                                    3.0%                        -            (0.5  pts)
    Printing                                                                  17.7%            2.1  pts              0.2  pts  
        Printing  and  Personal  Systems                                                                                      
          Group(b)                                                              9.1%            0.7  pts            (0.2  pts)
                                                                                                                                                        
    Enterprise  Group                                                  14.5%          (0.7  pts)          (2.0  pts)
    Enterprise  Services                                              4.4%            1.1  pts            (2.3  pts)
    Software                                                                  30.8%          10.3  pts              3.6  pts  
    HP  Financial  Services                                        11.2%          (0.1  pts)            0.4  pts  
    Corporate  Investments                                            NM                        NM                        NM  
            Total  segments                                              10.2%            0.9  pts            (0.8  pts)
                                                                                                                                                        
            Total  HP  consolidated  non-                                                                                        
              GAAP  operating  margin                                9.0%            0.6  pts            (1.4  pts)
                                                                                                                                                        
(a)  HP  has  implemented  certain  organizational  realignments  in  the  first          
        quarter  of  fiscal  2013.  As  a  result  of  these  realignments,  HP  has  re-      
        evaluated  its  segment  financial  reporting  structure  and,  effective  in      
        the  first  quarter  of  fiscal  2013,  created  two  new  financial  reporting      
        segments,  the  Enterprise  Group  segment  and  the  Enterprise  Services            
        segment,  and  eliminated  two  other  financial  reporting  segments,  the          
        Enterprise  Servers,  Storage  and  Networking  ("ESSN")  segment  and  the          
        Services  segment.  The  Enterprise  Group  segment  consists  of  the  business  
        units  within  the  former  ESSN  segment  and  most  of  the  services  offerings  
        of  the  Technology  Services  ("TS")  business  unit,  which  was  previously  a  
        part  of  the  former  Services  segment.  The  Enterprise  Services  segment        
        consists  of  the  Applications  and  Business  Services  ("ABS")  and                    
        Infrastructure  Technology  Outsourcing  ("ITO")  business  units  from  the      
        former  Services  segment,  along  with  the  end-user  workplace  support            
        services  business  that  was  previously  a  part  of  the  TS  business  unit.      
        Taking  into  account  these  changes,  HP  has  the  following  seven  financial  
        reporting  segments:  Personal  Systems,  Printing,  the  Enterprise  Group,      
        Enterprise  Services,  Software,  HP  Financial  Services  and  Corporate            
        Investments.                                                                                                                        
                                                                                                                                                        
        Also  as  a  result  of  these  realignments,  the  financial  results  of  the        
        Personal  Systems  commercial  products  support  business,  which  were              
        previously  reported  as  part  of  the  TS  business  unit,  will  now  be                
        reported  as  part  of  the  Other  business  unit  within  the  Personal  Systems  
        segment,  and  the  financial  results  of  the  portion  of  the  business              
        intelligence  services  business  that  had  continued  to  be  reported  as  part
        of  the  Corporate  Investments  segment  following  the  implementation  of        
        prior  realignment  actions  will  now  be  reported  as  part  of  the  ABS              
        business  unit.  In  addition,  the  end-user  workplace  support  services          
        business,  which,  as  noted  above,  was  previously  a  part  of  the  TS                
        business  unit  and  will  now  become  a  part  of  the  Enterprise  Services          
        segment,  will  be  reported  as  part  of  the  ITO  business  unit  within  that    
        segment.                                                                                                                                
                                                                                                                                                        
        To  provide  improved  visibility  and  comparability,  HP  has  reflected  these
        changes  to  its  reporting  structure  in  prior  financial  reporting  periods  
        on  an  as-if  basis,  which  has  resulted  in  the  transfer  of  revenue  and        
        operating  profit  among  the  Personal  Systems,  the  Enterprise  Group,            
        Enterprise  Services  and  Corporate  Investments  segments.  These  changes      
        had  no  impact  on  the  previously  reported  financial  results  for  the            
        Printing,  Software  or  HP  Financial  Services  segments.  In  addition,  none  
        of  these  changes  impacted  HP's  previously  reported  consolidated  net          
        revenue,  earnings  from  operations,  net  earnings  or  net  earnings  per          
        share.                                                                                                                                    
                                                                                                                                                        
(b)  The  Personal  Systems  segment  and  the  Printing  segment  are  structured        
        beneath  a  broader  Printing  and  Personal  Systems  Group  ("PPS").  While  PPS
        is  not  a  financial  reporting  segment,  HP  provides  financial  data                
        aggregating  the  segments  within  it  in  order  to  provide  a  supplementary    
        view  of  its  business.                                                                                                      
                                                                                                                                                        
                                                                                                                                                        
                                                                                                                                                        
                                    HEWLETT-PACKARD  COMPANY  AND  SUBSIDIARIES                                    
                                      CALCULATION  OF  NET  EARNINGS  PER  SHARE                                        
                                                                (Unaudited)                                                                  
                                      (In  millions  except  per  share  amounts)                                      
                                                                                                                                                        
                                                                                              Three  months  ended                      
                                                                          --------------------------------------  
                                                                            October  31,      July  31,        October  31,  
                                                                                  2013                  2013                  2012          
                                                                          ------------    ----------    ------------  
                                                                                                                                                        
Numerator:                                                                                                                                    
    GAAP  net  earnings  (loss)                      $            1,414    $        1,390    $          (6,854)
                                                                          ============    ==========    ============  
    Non-GAAP  net  earnings                            $            1,959    $        1,676    $            2,281  
                                                                          ============    ==========    ============  
                                                                                                                                                        
Denominator:                                                                                                                                
    Weighted-average  shares  used  to                                                                                      
      compute  basic  net  earnings                                                                                              
      (loss)  per  share  and  diluted  net                                                                                  
      (loss)  per  share                                                  1,918              1,929                  1,964  
    Dilutive  effect  of  employee  stock                                                                                  
      plans                                                                              22                    19                          3  
                                                                          ------------    ----------    ------------  
        Weighted-average  shares  used  to                                                                                  
          compute  diluted  net  earnings                                                                                      
          per  share                                                            1,940              1,948                  1,967  
                                                                          ============    ==========    ============  
                                                                                                                                                        
GAAP  net  earnings  (loss)  per  share:                                                                                  
    Basic                                                            $              0.74    $          0.72    $            (3.49)
    Diluted(a)                                                  $              0.73    $          0.71    $            (3.49)
                                                                                                                                                        
Non-GAAP  net  earnings  per  share:                                                                                        
    Basic                                                            $              1.02    $          0.87    $              1.16  
    Diluted(b)                                                  $              1.01    $          0.86    $              1.16  
                                                                                                                                                        
(a)  GAAP  diluted  net  earnings  per  share  reflects  any  dilutive  effect  of          
        outstanding  stock  options,  performance-based  restricted  units,                    
        restricted  stock  units  and  restricted  stock,  but  that  effect  is  excluded
        when  calculating  GAAP  diluted  net  (loss)  per  share  because  it  would  be    
        anti-dilutive.                                                                                                                    
                                                                                                                                                        
(b)  Non-GAAP  diluted  net  earnings  per  share  reflects  any  dilutive  effect  of  
        outstanding  stock  options,  performance-based  restricted  units,                    
        restricted  stock  units  and  restricted  stock.                                                        
 

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