(b) Pursuant to adoption of ASU 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-retirement Benefit Cost”, in the first quarter of fiscal year 2019, HP now reclassifies all components (excluding service cost component) of net periodic benefit cost from Selling, general and administrative expenses to Interest and other, net. HP reflected this change in prior reporting periods on an as-if basis.
HP INC. AND SUBSIDIARIES
|Nine months ended|
|July 31, 2019||July 31, 2018|
|Total net revenue||$||43,349||$||43,106|
|Earnings before taxes:(a),(b)
|Total segment earnings from operations||3,696||3,429|
|Corporate and unallocated costs and other||(290||)||(140||)|
|Stock-based compensation expense||(233||)||(203||)|
|Restructuring and other charges||(141||)||(92||)|
|Amortization of intangible assets||(87||)||(60||)|
|Interest and other, net||(902||)||(831||)|
|Earnings before taxes||$||2,031||$||2,006|
(a) Effective at the beginning of its first quarter of fiscal year 2019, HP implemented an organizational change to align its business unit financial reporting more closely with its current business structure. The organizational change resulted in the transfer of certain Samsung-branded product categories from Commercial to Consumer within the Printing segment. HP reflected this change to its business unit information in prior reporting periods on an as-if basis. The reporting change had no impact to previously reported segment net revenue, consolidated net revenue, earnings from operations, net earnings or net EPS.