Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

Hewlett Packard Enterprise Co., balance sheet: property, plant and equipment

US$ in millions

	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Land	66)	74)	76)	89)	241)	294)
Buildings and leasehold improvements	1,521)	1,503)	1,751)	1,886)	2,196)	2,103)
Machinery and equipment, including equipment held for lease	10,382)	9,729)	9,735)	9,624)	9,464)	9,419)
Gross property, plant and equipment	11,969)	11,306)	11,562)	11,599)	11,901)	11,816)
Accumulated depreciation	(5,980)	(5,522)	(5,949)	(5,974)	(5,847)	(5,678)
Property, plant and equipment, net	5,989)	5,784)	5,613)	5,625)	6,054)	6,138)

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

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Item	Description	The company
Gross property, plant and equipment	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Hewlett Packard Enterprise Co. gross property, plant and equipment decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Hewlett Packard Enterprise Co. property, plant and equipment, net increased from 2021 to 2022 and from 2022 to 2023.

Hewlett Packard Enterprise Co., asset age ratios

	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Average age ratio	50.24%	49.16%	51.79%	51.90%	50.15%	49.28%
Estimated total useful life (years)	5	5	5	5	5	5
Estimated age, time elapsed since purchase (years)	3	3	3	3	3	2
Estimated remaining life (years)	3	3	3	3	3	3

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

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Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Hewlett Packard Enterprise Co. average age ratio of depreciable property, plant and equipment improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Hewlett Packard Enterprise Co. estimated total useful life of depreciable property, plant and equipment decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Hewlett Packard Enterprise Co. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Estimated remaining life		Hewlett Packard Enterprise Co. estimated remaining life of depreciable property, plant and equipment increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation	5,980)	5,522)	5,949)	5,974)	5,847)	5,678)
Gross property, plant and equipment	11,969)	11,306)	11,562)	11,599)	11,901)	11,816)
Land	66)	74)	76)	89)	241)	294)
Asset Age Ratio
Average age¹	50.24%	49.16%	51.79%	51.90%	50.15%	49.28%

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

2023 Calculations

¹ Average age = 100 × Accumulated depreciation ÷ (Gross property, plant and equipment – Land)
= 100 × 5,980 ÷ (11,969 – 66) = 50.24%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Hewlett Packard Enterprise Co. average age ratio of depreciable property, plant and equipment improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Selected Financial Data (US$ in millions)
Gross property, plant and equipment	11,969)	11,306)	11,562)	11,599)	11,901)	11,816)
Land	66)	74)	76)	89)	241)	294)
Depreciation expense	2,300)	2,200)	2,200)	2,200)	2,300)	2,300)
Asset Age Ratio (Years)
Estimated total useful life¹	5	5	5	5	5	5

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

2023 Calculations

¹ Estimated total useful life = (Gross property, plant and equipment – Land) ÷ Depreciation expense
= (11,969 – 66) ÷ 2,300 = 5

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Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Hewlett Packard Enterprise Co. estimated total useful life of depreciable property, plant and equipment decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation	5,980)	5,522)	5,949)	5,974)	5,847)	5,678)
Depreciation expense	2,300)	2,200)	2,200)	2,200)	2,300)	2,300)
Asset Age Ratio (Years)
Time elapsed since purchase¹	3	3	3	3	3	2

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

2023 Calculations

¹ Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense
= 5,980 ÷ 2,300 = 3

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Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Hewlett Packard Enterprise Co. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019	Oct 31, 2018
Selected Financial Data (US$ in millions)
Property, plant and equipment, net	5,989)	5,784)	5,613)	5,625)	6,054)	6,138)
Land	66)	74)	76)	89)	241)	294)
Depreciation expense	2,300)	2,200)	2,200)	2,200)	2,300)	2,300)
Asset Age Ratio (Years)
Estimated remaining life¹	3	3	3	3	3	3

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

2023 Calculations

¹ Estimated remaining life = (Property, plant and equipment, net – Land) ÷ Depreciation expense
= (5,989 – 66) ÷ 2,300 = 3

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Asset age ratio	Description	The company
Estimated remaining life		Hewlett Packard Enterprise Co. estimated remaining life of depreciable property, plant and equipment increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

Hewlett Packard Enterprise Co. (NYSE:HPE)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life