Supplemental Prospectus - Form 424B5

Filed Pursuant to Rule 424(b)(5)

Registration No. 333-276221

SUBJECT TO COMPLETION, DATED SEPTEMBER 10, 2024

PRELIMINARY PROSPECTUS SUPPLEMENT

(To Prospectus dated December 22, 2023)

$     

$   Floating Rate Notes due 20  

$       % Notes due 20  

$       % Notes due 20  

$       % Notes due 20  

$       % Notes due 20  

$       % Notes due 20  

$       % Notes due 20  

Hewlett Packard Enterprise Company ("Hewlett Packard Enterprise," "HPE," "we" or "us") is offering $   aggregate principal amount of its floating rate notes due 20   (the floating rate notes"), $   aggregate principal amount of its   % notes due 20   (the "20   notes"), $   aggregate principal amount of its   % notes due 20   (the "20   notes"), $   aggregate principal amount of its   % notes due 20   (the "20   notes"), $   aggregate principal amount of its   % notes due 20   (the "20   notes"), $   aggregate principal amount of its   % notes due 20   (the "20   notes") and $   aggregate principal amount of its   % notes due 20   (the"20   notes"). We refer to the 20   notes, the 20   notes, the 20   notes, the 20   notes, the 20   notes, and the 20   notes collectively as the "fixed rate notes", and we refer to the floating rate notes and the fixed rate notes collectively as the "notes".

The floating rate notes will bear interest at a floating rate equal to a benchmark rate, which will initially be Compounded SOFR (as defined herein), plus a spread of   % per annum. The 20   notes will bear interest at a rate of   % per annum. The 20   notes will bear interest at a rate of   % per annum. The 20   notes will bear interest at a rate of   % per annum. The 20   notes will bear interest at a rate of %   per annum. The 20   notes will bear interest at a rate of   % per annum. The 20   notes will bear interest at a rate of   % per annum.

We will pay interest on the floating rate notes on each   ,    ,   and   , beginning on   , 2024. We will pay interest semi-annually on the 20   notes on each    and   , beginning on   , 2025. We will pay interest semi-annually on the 20   notes on each    and   , beginning on   , 2025. We will pay interest semi-annually on the 20   notes on each    and   , beginning on   , 2025. We will pay interest semi-annually on the 20   notes on each   and   , beginning on   , 2025. We will pay interest semi-annually on the 20   notes on each    and   , beginning on   , 2025. We will pay interest semi-annually on the 20   notes on each   and   , beginning on   , 2025.

The floating rate notes will mature on   , 20  . The 20   notes will mature on   , 20  . The 20   notes will mature on   , 20  . The 20   notes will mature on   , 20  . The 20   notes will mature on   , 20  . The 20   notes will mature on   , 20  . The 20   notes will mature on   , 20  .

On January 9, 2024, we entered into an Agreement and Plan of Merger (as amended or supplemented from time to time, the "Merger Agreement"), by and among Juniper Networks, Inc., a Delaware corporation ("Juniper"), HPE and Jasmine Acquisition Sub, Inc., a Delaware corporation and a wholly owned subsidiary of HPE ("Merger Sub"). Pursuant to the Merger Agreement, subject to the terms and conditions set forth therein, Merger Sub will merge with and into Juniper, with Juniper continuing as the surviving corporation (the "Surviving Corporation") and as a wholly owned subsidiary of HPE (the "Juniper Acquisition"). Absent a special mandatory redemption (as defined below), we intend to use the net proceeds from this offering to fund all or a portion of the consideration for the Juniper Acquisition, to pay related fees and expenses, and, if any proceeds remain thereafter, for other general corporate purposes, which may include, among other uses, repaying certain indebtedness of HPE, Juniper and their respective subsidiaries. In the event of a special mandatory redemption, the net proceeds of the floating rate notes, the 20   notes and the 20   notes, which are not subject to the special mandatory redemption, will be used for general corporate purposes, which may include, among other uses, repaying certain indebtedness of HPE and its subsidiaries. See "Use of Proceeds".

This offering is not conditioned upon, and will be consummated before, the closing of the Juniper Acquisition. If (x) the consummation of the Juniper Acquisition does not occur on or before the later of (i) the date that is five business days after October 9, 2025 and (ii) the date that is five business days after any later date to which we and Juniper may agree to extend the "End Date" in the Merger Agreement or (y) we notify the Trustee (as defined herein) that we will not pursue the consummation of the Juniper Acquisition, we will be required to redeem the 20   notes, the 20   notes, the 20   notes and the 20   notes (collectively, the "mandatorily redeemable notes") at a redemption price equal to 101% of the aggregate principal amount of the mandatorily redeemable notes, plus accrued and unpaid interest, if any, to, but excluding the special mandatory redemption date (as defined herein). The floating rate notes, the 20   notes and the 20   notes are not subject to the special mandatory redemption. See "Description of the Notes-Redemption-Special Mandatory Redemption."

We may redeem some or all of any series of fixed rate notes at any time at the redemption prices described under "Description of the Notes-Redemption-Optional Redemption." The floating rate notes are not redeemable prior to maturity.

If a Change of Control Repurchase Event (as defined herein) with respect to a series of notes occurs, we may be required to offer to purchase such series of notes from holders. See "Description of the Notes-Repurchase at the Option of Holders on Certain Changes of Control." The notes will be our senior unsecured obligations and will rank equally with all of our other existing and future senior unsecured indebtedness. There is no sinking fund for any series of notes. The notes are not and will not be listed on any securities exchange or quoted on any automated quotation system.

Investing in the notes involves certain risks. You should carefully consider all the information contained or incorporated by reference in this prospectus supplement prior to investing in the notes. In particular, we urge you to carefully consider the information set forth in the section titled "Risk Factors" beginning on page S-17 of this prospectus supplement.

Neither the Securities and Exchange Commission (the "SEC") nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the prospectus to which it relates is truthful or complete. Any representation to the contrary is a criminal offense.

Delivery of the notes in book-entry form only will be made through The Depository Trust Company for the benefit of its direct and indirect participants, including Clearstream Banking, société anonyme, and Euroclear Bank S.A./N.V., on or about   , 2024.

Joint Book-Running Managers

The date of this prospectus supplement is   , 2024.

TABLE OF CONTENTS

Prospectus Supplement

Prospectus

You should rely only on the information contained or incorporated by reference in this prospectus supplement, in the accompanying prospectus, or in any free writing prospectus filed by us with the SEC. We have not, and the underwriters have not, authorized anyone to provide you with different information. We are not, and the underwriters are not, making an offer of the notes covered by this prospectus supplement in any jurisdiction where the offer is not permitted. The information contained or incorporated by reference in this prospectus supplement or the accompanying prospectus is accurate only as of their respective dates, regardless of the time of delivery of this prospectus supplement and the accompanying prospectus, or of any sale of the notes. You should not assume that the information contained in or incorporated by reference in this prospectus supplement or the accompanying prospectus is accurate as of any date other than the respective dates thereof. Our business, financial condition, results of operations and prospects may have changed since those dates.

ABOUT THIS PROSPECTUS SUPPLEMENT

This document is in two parts. The first part is this prospectus supplement, which describes the specific terms of this offering of the notes, and also adds to and updates information contained in the accompanying prospectus and the documents incorporated by reference. The second part is the accompanying prospectus, which gives more general information about securities we may offer from time to time. To the extent there is a conflict between the information contained in this prospectus supplement, on the one hand, and the information contained in the accompanying prospectus or any document incorporated by reference, on the other hand, you should rely on the information in this prospectus supplement.

You should read this prospectus supplement, the accompanying prospectus and the documents incorporated by reference before making an investment decision. You should also read and consider the information in the documents we have referred you to in the section of this prospectus supplement entitled "Information Incorporated by Reference."

In this prospectus supplement and the accompanying prospectus, unless otherwise specified or unless the context otherwise requires, references to "USD," "dollars," "$" and "U.S.$" are to U.S. dollars, and references to "Hewlett Packard Enterprise," "HPE," "we," "us" or "our" refer to Hewlett Packard Enterprise Company, and not to any of our subsidiaries, unless otherwise indicated.

NON-GAAP FINANCIAL MEASURES

This prospectus supplement includes certain financial measures of HPE and Juniper that are not required by, or prepared in accordance with, generally accepted accounting principles in the United States ("GAAP"). We refer to these measures as "non-GAAP" financial measures. HPE believes that providing certain non-GAAP financial measures in addition to the related GAAP measures provides investors with greater transparency to the information used by HPE's management in its financial and operational decision making and allows investors to see results "through the eyes" of management. HPE further believes that providing this information provides HPE's investors with a supplemental view to understand HPE's and Juniper's operating performance and to evaluate the efficacy of the methodology and information used by HPE's management to evaluate and measure such performance. Disclosure of these non-GAAP financial measures also facilitates the comparisons of HPE's and Juniper's operating performance with the performance of other companies in HPE's and Juniper's industry that supplement their GAAP results with non-GAAP financial measures that may be calculated in a similar manner.

These measures are not in accordance with, or an alternative to, GAAP, and may be different from non-GAAP measures used by other companies. In addition, other companies, including companies in our industry, may calculate such measures differently, which reduces its usefulness as a comparative measure. Investors should not rely on any single financial measure when evaluating our business. This information should be considered as supplemental in nature and is not meant as a substitute for our operating results in accordance with GAAP. Investors should review the GAAP financial measures included in this prospectus supplement. When viewed in conjunction with our GAAP results and the accompanying reconciliations, we believe these non-GAAP measures provide greater transparency and a more complete understanding of factors affecting our business than GAAP measures alone.

FORWARD-LOOKING STATEMENTS

This prospectus supplement, the accompanying prospectus and the documents incorporated by reference in this prospectus supplement and the accompanying prospectus contain, or will contain, forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of Hewlett Packard Enterprise Company and its consolidated subsidiaries ("Hewlett Packard Enterprise") may differ materially from those expressed or implied by such forward-looking statements and assumptions. The words "believe", "expect", "anticipate", "guide", "optimistic", "intend", "aim", "will", "estimates", "may", "could", "should" and similar expressions are intended to identify such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to:

Risks, uncertainties, and assumptions include the need to address the many challenges facing Hewlett Packard Enterprise's businesses;

We assume no obligation and do not intend to update these forward-looking statements, except as required by applicable law.

SUMMARY

This summary highlights selected information from this prospectus supplement and the accompanying prospectus and provides an overview of our company. You should read the following summary together with the entire prospectus supplement and accompanying prospectus and the documents incorporated by reference, including our consolidated financial statements and related notes. You should carefully consider, among other things, the matters discussed in "Risk Factors" in this prospectus supplement and in the documents incorporated by reference.

Our Company

We are a global technology leader focused on developing intelligent solutions that allow customers to capture, analyze and act upon data seamlessly from edge to cloud. We enable customers to accelerate business outcomes by driving new business models, creating new customer and employee experiences, and increasing operational efficiency today and into the future. Our customers range from small-and-medium-sized businesses to large global enterprises and governmental entities. Our legacy dates back to a partnership founded in 1939 by William R. Hewlett and David Packard, and we strive every day to uphold and enhance that legacy through our dedication to providing innovative technological solutions to our customers.

We organize our business into the following five reportable segments:

meet their connectivity, security, and financial needs across campus, branch, data center, and remote worker environments. Upon the consummation of the Juniper Acquisition, we expect the Juniper business to be included in our Intelligent Edge Segment.

HPE also seeks to help its customers unlock the power of AI throughout their businesses. Our AI capabilities span the AI lifecycle - from training to fine tuning to inferencing - and encompass both products and services. Our AI business is built on large-scale infrastructure expertise, including in technologies like direct liquid cooling, that are powering our large AI systems for large language model builders, service providers, and supercomputing users. From these foundations, we have been expanding our AI portfolio - including through the recent introduction of HPE Private Cloud AI - which is specifically engineered for enterprise customers. While we are still in the early stages of adoption of this technology, we believe in the possibility of significant market expansion in this area.

We have observed continued momentum in the AI market, as evidenced by strong customer demand for HPE's AI systems. Since the first quarter of fiscal year 2023, cumulative AI systems orders have increased significantly, translating into rising quarterly AI systems revenues and elevated levels of AI systems' quarter-end backlog. We have observed customers exploring new ways to use AI and building the business cases to which they want to apply AI tools, which signals potential growth of our already robust pipeline.

We recently announced that we are deepening our strong partnership with NVIDIA through NVIDIA AI Computing by HPE, a portfolio of co-developed AI solutions and joint go-to-market integrations that we believe will enable enterprises to accelerate adoption of generative AI. One of those solutions, HPE Private Cloud AI, is a turnkey solution that makes it simple for enterprises of various sizes to gain an energy-efficient, fast, and flexible option for sustainably developing and deploying generative AI applications. Additionally, we further expanded our NVIDIA partnership by adding NVIDIA NIM Agent Blueprints to HPE Private Cloud AI for multiple generative AI use cases. We believe that integrating this catalog of pre-trained, customizable AI workflows into our HPE Private Cloud AI stack enables customers to more easily deploy key AI use cases.

Overall, the demand environment during the third quarter of fiscal year 2024 improved, with orders growing sequentially compared to the prior year period, driven partially by orders for our Intelligent Edge offerings recovering in line with industry peers, our Gen11 product continuing to ramp ahead of expectations, and strong demand for HPE's Alletra MP offering.

Recent Developments

Pending Acquisition of Juniper

On January 9, 2024, we entered into the Merger Agreement, pursuant to which, subject to the terms and conditions set forth therein, Merger Sub will merge with and into Juniper, with Juniper continuing as the surviving corporation and as a wholly owned subsidiary of HPE.

Pursuant to and subject to the terms and conditions of the Merger Agreement, at the effective time of the Juniper Acquisition (the "Effective Time"), each share of common stock, par value $0.00001 per share, of Juniper ("Juniper Common Stock") issued and outstanding immediately prior to the Effective Time (other than shares of Juniper Common Stock that are (i) owned by Juniper as treasury stock, which shares will be canceled and will cease to exist, (ii) owned by HPE or Merger Sub, which shares will be canceled and will cease to exist, (iii) held by any subsidiary of Juniper or HPE (other than Merger Sub), which shares will be converted into such number

of shares of common stock of the Surviving Corporation so as to maintain relative ownership percentages, or (iv) shares of Juniper Common Stock as to which dissenters' rights have been properly perfected in accordance with the General Corporate Law of the State of Delaware), will be converted into the right to receive $40.00 per share in cash, without interest and subject to any applicable withholding taxes (the "Merger Consideration"). In addition, pursuant to and subject to the terms and conditions of the Merger Agreement, at the Effective Time, equity awards granted under the Juniper equity incentive plans and outstanding immediately prior to the Effective Time will be treated as follows: (i) each outstanding option to purchase shares of Juniper Common Stock will be converted into an option with substantially the same terms and conditions to purchase our common stock; (ii) each restricted stock unit award in respect of shares of Juniper Common Stock held by non-employee members of the Board of Directors of Juniper will be converted into the right to receive the Merger Consideration in respect of each such share; and (iii) each restricted stock unit award in respect of shares of Juniper Common Stock held by individuals other than non-employee members of the Board of Directors of Juniper will be converted into a time-vesting restricted stock unit award with substantially the same terms and conditions (except that no performance goals shall apply) in respect of our common stock (in the case of performance-vesting Juniper restricted stock unit awards, with the number of shares determined based on actual performance in respect of performance or measurement periods that have been completed and for which performance has been determined in the ordinary course of business, and otherwise based on target performance). The number of shares of our common stock subject to the converted awards (and in the case of options, the exercise price) will be determined based on an equity award exchange ratio intended to substantially preserve the value of the converted awards as of and immediately following the Effective Time. We estimate the aggregate amount of cash consideration required in connection with the Merger Consideration to be approximately $14.0 billion.

Under the terms of the Merger Agreement, the completion of the Juniper Acquisition is subject to certain customary closing conditions, including, among others: (i) the adoption of the Merger Agreement by the affirmative vote of the holders of at least a majority of the outstanding shares of Juniper Common Stock entitled to vote thereon, which was obtained on April 2, 2024; (ii) the absence of any injunction, order or law preventing, prohibiting or making illegal the consummation of the Juniper Acquisition; (iii) the expiration or termination of the waiting period applicable to the Juniper Acquisition under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), and the receipt of all other required approvals, consents or clearances under specified foreign antitrust laws and foreign investment laws without imposition of a Burdensome Condition (as defined in the Merger Agreement); (iv) the accuracy of the parties' representations and warranties in the Merger Agreement, subject to specified materiality qualifications; (v) compliance by the parties with their respective covenants in the Merger Agreement in all material respects; and (vi) in the case of the obligations of HPE and Merger Sub to effect the Juniper Acquisition, the absence of a material adverse effect with respect to Juniper that is continuing as of the closing. There can be no assurance that all of the conditions to the Merger Acquisition will be so satisfied or waived, or that we, Merger Sub and Juniper will be able to consummate the Juniper Acquisition on a timely basis or at all. If these conditions are not satisfied or waived, HPE and Juniper will be unable to complete the Juniper Acquisition.

Each of HPE and Juniper may terminate the Merger Agreement under certain specified circumstances, including upon the failure of the Effective Time to have occurred on or before January 9, 2025, subject to automatic extension for up to three additional periods, each of three months, if all conditions to the Juniper Acquisition other than the conditions relating to regulatory approvals have been satisfied as of that date (such date, as applicable, the "End Date").

If the Merger Agreement is terminated (i) by either HPE or Juniper upon the failure of the Effective Time to have occurred on or before the applicable End Date or (ii) by either HPE or Juniper in the event of a final and non-appealable governmental order, decree, ruling or other action relating to specified regulatory approvals that permanently restrains, enjoins or otherwise prohibits the consummation of the Juniper Acquisition, and, in each case, at the time of such termination the closing conditions relating to obtaining specified regulatory approvals or the absence of any injunction, order or law relating to specified regulatory approvals preventing, prohibiting or making illegal the consummation of the Juniper Acquisition have not been satisfied, but all other conditions to closing have been satisfied or waived (except for those conditions which by their nature are to be satisfied at closing, provided that such conditions would be satisfied if the closing were to take place on such date), HPE is

required to pay Juniper a termination fee of $815 million (the "HPE Termination Fee"). HPE is also required to pay Juniper the HPE Termination Fee if the Merger Agreement is terminated by Juniper due to an uncured material breach by HPE of its covenants in the Merger Agreement to use reasonable best efforts to obtain required regulatory approvals.

HPE expects that the Juniper Acquisition will be completed in late calendar year 2024 or early calendar year 2025, subject to receipt of regulatory approvals and satisfaction or waiver of the other closing conditions specified in the Merger Agreement. The completion of this offering is not contingent on the consummation of the Juniper Acquisition, nor is the consummation of the Juniper Acquisition contingent on this offering. This offering is not conditioned upon, and will be consummated before the closing of the Juniper Acquisition. If (x) the consummation of the Juniper Acquisition does not occur on or before the later of (i) the date that is five business days after October 9, 2025 and (ii) the date that is five business days after any later date to which Juniper and we may agree to extend the "End Date" in the Merger Agreement or (y) we notify the Trustee that we will not pursue the consummation of the Juniper Acquisition, we will be required to redeem the 20   notes, the 20   notes, the 20   notes and the 20   notes (collectively, the "mandatorily redeemable notes") at a redemption price equal to 101% of the aggregate principal amount of the mandatorily redeemable notes, plus accrued and unpaid interest, if any, to, but excluding the special mandatory redemption date. The floating rate notes, the 20   notes and the 20   notes are not subject to the special mandatory redemption. See "Description of the Notes-Redemption-Special Mandatory Redemption."

Combining HPE and Juniper's complementary portfolios is expected to create a new networking leader with a comprehensive portfolio that will present customers and partners with a compelling new choice to drive business value. The increase of AI and hybrid cloud-driven business is accelerating demand for secure, unified technology solutions that connect, protect, and analyze companies' data from edge to cloud.

The foregoing description of the Juniper Acquisition and the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Merger Agreement. For more information regarding the Juniper Acquisition, see "Where You Can Find More Information" in this prospectus supplement.

Sale of H3C Shares

On May 26, 2023, H3C Holdings Limited ("H3C Holdings") and Izar Holding Co. ("Izar", and together with H3C Holdings, the "HPE Parties"), each a wholly-owned subsidiary of HPE, entered into an agreement to sell a portion of HPE's stake in H3C Technologies Co., Limited ("H3C") through a put sale agreement. The HPE Parties entered into a Put Share Purchase Agreement (the "Original Share Purchase Agreement") with Unisplendour International Technology Limited ("UNIS"), a Hong Kong incorporated company and subsidiary of Unisplendour Corporation, an information technology services company, governing the sale of all of the shares of H3C held by the HPE Parties (the "HPE H3C Shares"), which represent 49% of the total issued share capital of H3C.

On May 24, 2024, (i) the HPE Parties and UNIS entered into an Amended and Restated Put Share Purchase Agreement (the "A&R SPA") and (ii) H3C Holdings and UNIS entered into an Agreement on Subsequent Arrangements ("Subsequent Arrangements Agreement"), which, taken together, revise the arrangements governing the aforementioned sale as previously set forth in the Original Share Purchase Agreement. Pursuant to and subject to the terms and conditions of the A&R SPA, the HPE Parties sold to UNIS 30% of the total issued share capital of H3C for cash consideration of approximately $2.1 billion in gross proceeds on September 4, 2024 (the "Initial H3C Share Sale"), while preserving an option to sell the HPE Parties' remaining 19% of the total issued share capital of H3C for approximately $1.4 billion to UNIS at a later date.

It is expected that all of the approximately $2.0 billion in proceeds, net of cash taxes and certain fees, from the Initial H3C Share Sale will be utilized to fund the consideration for the Juniper Acquisition and pay related fees and expenses.

Concurrent Preferred Offering

Concurrently with this offering, we are offering 27,000,000 shares of our   % Series C Mandatory Convertible Preferred Stock, par value $0.01 per share (the "Concurrent Preferred Offering") pursuant to a separate prospectus supplement. Neither the completion of this offering nor the completion of the Concurrent Preferred Offering is contingent on the completion of the other, so it is possible that this offering is completed and the Concurrent Preferred Offering is not completed, or vice versa. We cannot assure you that the Concurrent

Preferred Offering will be completed on the terms described herein, or at all. We estimate that the net proceeds to us from the Concurrent Preferred Offering, if completed, after deducting underwriting discounts and commissions and estimated expenses payable by us, will be approximately $   billion. We intend to use the net proceeds from the Concurrent Preferred Offering to fund the all or a portion of the consideration for the Juniper Acquisition, to pay related fees and expenses, and, if any proceeds remain thereafter, for other general corporate purposes, which may include, among other uses, repaying certain indebtedness of HPE, Juniper and their respective subsidiaries. The Concurrent Preferred Offering is being made pursuant to a separate prospectus supplement, and nothing contained herein shall constitute an offer to sell or a solicitation of an offer to buy shares of preferred stock to be issued in the Concurrent Preferred Offering.

Term Loan Facilities

In connection with our entry into the Merger Agreement, we obtained a commitment letter from Citigroup Global Markets Inc., JPMorgan Chase Bank, N.A., Mizuho Bank, Ltd. and certain other financial institutions (collectively, the "Commitment Parties"), pursuant to which the Commitment Parties agreed to provide, subject to customary conditions including the consummation of the Juniper Acquisition, up to $14.0 billion of senior unsecured delayed draw term loan facilities, comprised of an $11.0 billion 364-day tranche (the "364-Day Facility") and a $3.0 billion three-year tranche (the "Three-Year Facility" and, together with the 364-Day Facility, the "Term Loan Facilities"). The commitments under the 364-Day Facility were reduced by the approximately $2.0 billion in proceeds, net of cash taxes and certain fees, we received from the Initial H3C Share Sale and will be further reduced on a dollar-for-dollar basis by the net proceeds from this offering and the Concurrent Preferred Offering. Prior to the closing of the Juniper Acquisition, we expect to enter into definitive credit agreements evidencing the 364-Day Facility and the Three-Year Facility. The Term Loan Facilities will be provided on a delayed draw basis and are expected to be funded substantially concurrently with, and the funding thereof is conditioned upon, the closing of the Juniper Acquisition. The purpose of the Term Loan Facilities is to finance all or a portion of the consideration payable by us pursuant to the Merger Agreement and pay certain related fees and expenses.

Corporate Information

Hewlett Packard Enterprise was incorporated in Delaware in 2015. The address of our principal executive offices is 1701 East Mossy Oaks Road, Spring, Texas 77389.

SUMMARY FINANCIAL INFORMATION

The information below is only a summary and should be read in conjunction with HPE's audited and unaudited consolidated financial statements in our Annual Report on Form 10-K for the year ended October 31, 2023, our Quarterly Report on Form 10-Q for the quarter ended January 31, 2024, our Quarterly Report on Form 10-Q for the quarter ended April 30, 2024 and our Quarterly Report on Form 10-Q for the quarter ended July 31, 2024, as well as Juniper's audited consolidated financial statements for the year ended December 31, 2023 and unaudited consolidated financial statements for the three and six months ended June 30, 2024, which are included in our Current Report on Form 8-K filed with the SEC on September 9, 2024, which are incorporated by reference herein.

This summary financial information includes non-GAAP financial measures of HPE and Juniper on a standalone and a combined company basis. See "Non-GAAP Financial Measures" for additional information.

Reconciliation of HPE GAAP Net Earnings to HPE Non-GAAP Adjusted EBITDA

Summary Combined Company Financial Information

The information below includes certain combined company financial information that is based on historical financial information prepared by HPE and Juniper. This combined company financial information represents the summation of the standalone financial information prepared by HPE and the standalone financial information prepared by Juniper, with expected synergies added where indicated to reflect combined company financial information. This combined company financial information has not been prepared in accordance with Article 11 of Regulation S-X and does not give effect to the pro forma adjustments that might be required in connection with the preparation of pro forma financial information in accordance with Article 11 of Regulation S-X, and is not indicative of what the combined company's performance would have been had HPE and Juniper been a combined company for the periods presented. As a result, the combined company financial information presented below could materially differ from financial information determined in accordance with Article 11 of Regulation S-X. In addition, the combined company financial information does not reflect future changes or future events resulting from the Juniper Acquisition that may occur, including restructuring activities or other costs related to the integration of the HPE and Juniper businesses, and does not consider potential impacts of current market conditions on revenues, expense efficiencies or asset dispositions.

As a result, investors should not place any undue reliance on the combined company financial information. The combined company financial information is for informational purposes only and is not necessarily indicative of the financial position or results of operations that would have actually occurred had the Juniper Acquisition and the other transactions contemplated under the Merger Agreement been completed as of the dates indicated, nor is such combined company financial information indicative of the future operating results or financial position of the combined company if the Juniper Acquisition, and other transactions contemplated under the Merger Agreement, are consummated.

This summary combined company financial information includes certain financial measures for the last twelve months ("LTM"). In the case of HPE, LTM represents the twelve-month period ended July 31, 2024 and is calculated by adding the applicable financial data for the nine months ended July 31, 2024 to the corresponding amount for the year ended October 31, 2023, and then subtracting the corresponding amount for the nine months ended July 31, 2023. In the case of Juniper, LTM represents the twelve-month period ended June 30, 2024 and is calculated by adding the applicable financial data for the six months ended June 30, 2024 to the corresponding amount for the year ended December 31, 2023, and then subtracting the corresponding amount for the six months ended June 30, 2023.

Reconciliation of GAAP Net Earnings to Non-GAAP Adjusted EBITDA

HPE

Juniper

(1) Standalone financial data of Juniper has been reclassified to enhance comparability to the corresponding financial data of HPE.

Combined Company

THE OFFERING

The following contains a summary of information about this offering and is provided solely for your convenience. The summary is not intended to be complete. For a more detailed description of the notes, see "Description of the Notes." You should read this prospectus supplement and the accompanying prospectus and the documents incorporated by reference in this prospectus supplement and in the accompanying prospectus carefully before making an investment decision.

Issuer

Hewlett Packard Enterprise Company.

Securities Offered

$    of our floating rate notes due 20  .

$    of our    % notes due 20  .

$    of our    % notes due 20  .

$    of our    % notes due 20  .

$    of our    % notes due 20  .

$    of our    % notes due 20  .

$    of our    % notes due 20  .

Maturity Date

The floating rate notes will mature on    , 20  .

The 20    notes will mature on    , 20  .

The 20    notes will mature on    , 20  .

The 20    notes will mature on    , 20  .

The 20    notes will mature on    , 20  .

The 20    notes will mature on    , 20  .

The 20    notes will mature on    , 20  .

Interest Rate

The floating rate notes will bear interest at a floating rate equal to a benchmark rate, which will initially be Compounded SOFR, plus a spread of   % per annum.

The 20   notes will bear interest at a rate of     % per annum.

The 20   notes will bear interest at a rate of     % per annum.

The 20   notes will bear interest at a rate of     % per annum.

The 20   notes will bear interest at a rate of     % per annum.

The 20   notes will bear interest at a rate of     % per annum.

The 20   notes will bear interest at a rate of     % per annum.

Interest Payment Dates

We will pay interest on the floating rate notes on each     ,     ,     and     , beginning on     , 2024.

We will pay interest semi-annually on the 20   notes on each    and    beginning on  , 2025.

We will pay interest semi-annually on the 20   notes on each    and    beginning on  , 2025.

We will pay interest semi-annually on the 20   notes on each    and    beginning on  , 2025.

We will pay interest semi-annually on the 20   notes on each    and    beginning on  , 2025.

We will pay interest semi-annually on the 20   notes on each    and    beginning on  , 2025.

We will pay interest semi-annually on the 20   notes on each    and    beginning on  , 2025.

Ranking

The notes will be our senior unsecured obligations and will rank equally with all our other existing and future senior unsecured indebtedness from time to time outstanding.

Optional Redemption

We may, at our option, redeem each series of fixed rate notes, at any time and from time to time, in whole or in part, at the redemption prices described under "Description of the Notes-Redemption-Optional Redemption." The floating rate notes are not redeemable prior to maturity.

Special Mandatory Redemption

If (x) the consummation of the Juniper Acquisition does not occur on or before the later of (i) the date that is five business days after October 9, 2025 and (ii) the date that is five business days after any later date to which Juniper and we may agree to extend the "End Date" in the Merger Agreement or (y) we notify the Trustee that we will not pursue the consummation of the Juniper Acquisition, we will be required to redeem the mandatorily redeemable notes at a redemption price equal to 101% of the aggregate principal amount of the mandatorily redeemable notes, plus accrued and unpaid interest, if any, to, but excluding the special mandatory redemption date. The floating rate notes, the 20   notes and the 20   notes are not subject to the special mandatory redemption. See "Description of the Notes-Redemption-Special Mandatory Redemption."

Certain Covenants

We will issue the notes under an indenture containing covenants that restrict our ability, with significant exceptions, to:

Change of Control Repurchase Event

If a Change of Control Repurchase Event with respect to a series of notes occurs, we may be required to

make an offer to each holder of notes of such series to repurchase all or any part of that holder's notes at a repurchase price in cash equal to 101% of the aggregate principal amount of such notes repurchased, plus any accrued and unpaid interest to the date of repurchase.

Use of Proceeds

We estimate that the net proceeds from this offering to us, after deducting the underwriting discounts and estimated offering expenses payable by us, will be approximately $    billion. Absent a special mandatory redemption, we intend to use the net proceeds from this offering to fund all or a portion of the consideration for the Juniper Acquisition, to pay related fees and expenses, and, if any proceeds remain thereafter, for other general corporate purposes, which may include, among other uses, repaying certain indebtedness of HPE, Juniper and their respective subsidiaries. Prior to the consummation of the Juniper Acquisition, such net proceeds will not be deposited in an escrow account, and you will not receive a security interest in such net proceeds. In the event of a special mandatory redemption, the net proceeds of the floating rate notes, the 20   notes and the 20   notes, which are not subject to the special mandatory redemption, will be used for general corporate purposes, which may include, among other uses, repaying certain indebtedness of HPE and its subsidiaries.

Form and Denominations

The notes will be issued only in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The notes will be book-entry only and registered in the name of a nominee of The Depository Trust Company ("DTC").

Governing Law

The indenture that will govern the notes and the notes will be governed by, and construed under, the laws of the State of New York.

Trustee

The Bank of New York Mellon Trust Company, N.A.

Risk Factors

Investing in the notes involves substantial risks and uncertainties. See "Risk Factors" included in this prospectus supplement, as well as other information contained in or incorporated by reference into this prospectus supplement and the accompanying prospectus, for a discussion of factors you should carefully consider before deciding to purchase any notes.

RISK FACTORS

An investment in the notes represents a high degree of risk. In consultation with your own financial and legal advisors, and in addition to the other information contained in, or incorporated by reference into, this prospectus supplement and the accompanying prospectus, you should carefully consider the following discussion of risks before deciding whether an investment in the notes is suitable for you. In addition, before investing in the notes, you should carefully consider the other risks, uncertainties and assumptions that are set forth under the caption "Risk Factors," contained in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended October 31, 2023 and Part II, Item 1A of our Quarterly Reports on Form 10-Q for the fiscal quarters ended January 31, 2024, April 30, 2024 and July 31, 2024, as well as the risks, uncertainties and assumptions that are set forth under the caption "Risks Related to the Merger," contained in Part II, Item 1A of Juniper's Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2024 and June 30, 2024, and the factors set forth under the caption "Risks Related to the Merger" contained in Part I, Item 1A of Juniper's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, each of which are incorporated by reference in this prospectus supplement, or any similar caption in the documents that we subsequently file with the SEC that are deemed to be incorporated by reference in this prospectus supplement, and in any free writing prospectus that we provide you in connection with the offering of the notes pursuant to this prospectus supplement. In this "Risk Factors" section, (i) when we refer to the applicability of the Secured Overnight Financing Rate to the floating rate notes, we mean the floating rate notes at any time when the interest rate on the floating rate notes is or will be determined based on the Secured Overnight Financing Rate, including Compounded SOFR, and (ii) when we refer to the "benchmark transition provisions" and certain defined terms in those provisions, we mean the benchmark transition provisions and defined terms that are described under "Description of the Notes-Interest-Effect of Benchmark Transition Event." The risks and uncertainties discussed below and in the documents referred to above, as well as other matters discussed in this prospectus supplement and in those documents, could materially and adversely affect our business, financial condition, liquidity and results of operations and the market price of the notes. Moreover, the risks and uncertainties discussed below and in the foregoing documents are not the only risks and uncertainties that we face, and our business, financial condition, liquidity and results of operations and the market price of the notes could be materially adversely affected by other matters that are not known to us or that we currently do not consider to be material risks to our business.

Risks Related to the Notes Offering

There are no established trading markets for the notes.

Each series of notes will be a new issue of securities for which there is no established trading market. We do not intend to apply for listing of any series of notes offered hereby on any securities exchange or to arrange for quotation on any automated dealer quotation system. Accordingly, there can be no assurance that active trading markets for the notes will develop, exist or be maintained. If an active trading market does not develop or is not maintained for a series of notes, the market price and liquidity of such notes may be adversely affected. In that case, you may not be able to sell your notes at a particular time or at a favorable price.

The notes will be structurally subordinated to the indebtedness of our subsidiaries.

The notes will be obligations exclusively of Hewlett Packard Enterprise and not of any of our subsidiaries. Most of our assets are owned through our subsidiaries, and we depend on distributions of cash flow and earnings from our subsidiaries in order to meet our payment obligations under the notes and our other debt obligations. Our subsidiaries are separate legal entities that have no obligation to pay any amounts due under the notes or to make any funds available therefor, whether by dividends, loans or other payments. Except to the extent we are a creditor with recognized claims against our subsidiaries, all claims of creditors (including trade creditors) and holders of preferred stock, if any, of our subsidiaries will have priority with respect to the assets of such subsidiaries over our claims (and therefore the claims of our creditors, including holders of the notes). Consequently, the notes will be structurally subordinated to all liabilities of our existing subsidiaries and any subsidiaries that we may in the future acquire or establish, including those of Juniper.

Failure to maintain a satisfactory credit rating could adversely affect our liquidity, capital position, borrowing costs and access to capital markets.

We currently maintain investment grade credit ratings with Moody's Investors Service, S&P Global Ratings and Fitch Ratings. Despite these investment grade credit ratings, any future downgrades could increase the cost of borrowing under any indebtedness we may incur, reduce market capacity for our commercial paper or require the

posting of additional collateral under our derivative contracts. Additionally, increased borrowing costs, including those arising from a credit rating downgrade, can potentially reduce the competitiveness of our financing business. There can be no assurance that we will be able to maintain our credit ratings, and any additional actual or anticipated changes or downgrades in our credit ratings, including any announcement that our ratings are under review for a downgrade, may have a negative impact on our liquidity, capital position and access to capital markets and could affect the market value of the notes. Also, our credit ratings may not reflect the potential impact of risks related to the terms of the notes or other factors related to the value of the notes.

Our substantial debt exposes us to certain risks.

Following this offering of the notes, after deducting underwriting discounts and commissions and estimated offering expenses payable by us, the Term Loan Facilities and the application of the net proceeds from the foregoing as described in "Use of Proceeds", we will have a significant amount of indebtedness.

Our high degree of debt could have important consequences, including:

If new debt is added to our and our subsidiaries' current debt levels, the related risks that we and they face would be increased, and we may not be able to meet all our debt obligations, including repayment of the notes, in whole or in part.

We may not be able to generate sufficient cash from operations to service our debt.

Our ability to make payments on, and to refinance, our debt and to fund planned capital expenditures will depend on our ability to generate cash in the future and our ability to borrow under our revolving credit facility to the extent of available borrowings. This, to a certain extent, is subject to general economic, financial, competitive, legislative, regulatory and other factors that are beyond our control. We could experience decreased revenues from our operations and could fail to generate sufficient cash to fund our liquidity needs or fail to satisfy the covenants and borrowing limitations to which we are subject under our debt instruments. We cannot assure you, however, that our business will generate sufficient cash flow from operations or that future borrowings will be available to us under the revolving credit facility or otherwise in an amount sufficient to enable us to pay our debt or to fund our other liquidity needs. We may need to refinance all or a portion of our debt on or before the maturity thereof. We cannot assure you that we will be able to refinance any of our debt on commercially reasonable terms or at all. If we cannot service our debt, we may have to take actions such as selling assets, selling equity or reducing or delaying capital expenditures, strategic acquisitions, investments and alliances. We cannot assure you that any such actions, if necessary, could be effected on commercially reasonable terms or at all.

If we default on our obligations to pay our other debt, we may not be able to make payments on the notes.

Any default under the agreements governing our debt, including a default under our revolving credit facility or, if consummated, the Term Loan Facilities, that is not waived by the required lenders or holders of such debt, and the remedies sought by the holders of such debt could prevent us from paying principal and interest on the notes and substantially decrease the market value of the notes. If we are unable to generate sufficient cash flow or are

otherwise unable to obtain funds necessary to meet required payments or principal and interest on our debt, or if we otherwise fail to comply with the various covenants in the agreements governing our debt, including the covenants contained in our revolving credit facility or, if consummated, in the Term Loan Facilities, we would be in default under the terms of the agreements governing such debt.

The notes will be subject to a change of control provision, and we may not have the ability to raise the funds necessary to fulfill our obligations under the notes following a Change of Control Repurchase Event.

Under the indenture that will govern the notes, upon the occurrence of a Change of Control Repurchase Event in respect of a series of notes, we will be required to offer to repurchase all outstanding notes of such series at 101% of the principal amount thereof plus accrued and unpaid interest to the date of repurchase. However, we may not have sufficient funds at the time of the Change of Control Repurchase Event to make the required repurchase of such series of notes. Our failure to make or complete a change of control offer would place us in default under the indenture that will govern the notes. However, we cannot assure you that we would be able to repay such debt at such time.

Optional redemption may adversely affect your return on the fixed rate notes.

We have the right to redeem some or all of the fixed rate notes prior to maturity. We may redeem the fixed rate notes at times when prevailing interest rates may be relatively low. Accordingly, you may not be able to reinvest the redemption proceeds in comparable securities at effective interest rates as high as those of the fixed rate notes.

We may be required to redeem the mandatorily redeemable notes and may not have or be able to obtain all the funds necessary to redeem the mandatorily redeemable notes. In addition, if we are required to redeem the mandatorily redeemable notes, you may not obtain your expected return on the mandatorily redeemable notes.

Our ability to consummate the Juniper Acquisition is subject to various closing conditions, many of which are beyond our control, and we may not be able to consummate the Juniper Acquisition prior to the special mandatory redemption trigger date (as defined herein), or at all. If (x) the consummation of the Juniper Acquisition does not occur on or before the later of (i) the date that is five business days after October 9, 2025 and (ii) the date that is five business days after any later date to which we and Juniper may agree to extend the "End Date" in the Merger Agreement or (y) we notify the Trustee that we will not pursue the consummation of the Juniper Acquisition, we will be required to redeem the mandatorily redeemable notes at a redemption price equal to 101% of the aggregate principal amount of the mandatorily redeemable notes, plus accrued and unpaid interest, if any, to, but excluding the special mandatory redemption date.

There is no escrow account for or security interest in the proceeds of this offering for the benefit of holders of the notes subject to the special mandatory redemption provisions, and such holders will therefore be subject to the risk that we may not have or be able to obtain all the funds necessary to redeem the mandatorily redeemable notes. This could be the case, for example, if we commence a bankruptcy or reorganization case, or such a case is commenced against us, before we redeem the mandatorily redeemable notes.

In addition, even if we are able to redeem the mandatorily redeemable notes pursuant to the special mandatory redemption provisions you may not obtain your expected return on the mandatorily redeemable notes and may not be able to reinvest the proceeds from a special mandatory redemption in an investment that results in a comparable return. Your decision to invest in the mandatorily redeemable notes is made at the time of the offering of the mandatorily redeemable notes, and you will have no right to opt out of the special mandatory redemption provisions of those notes. You will have no rights under the special mandatory redemption provisions as long as the Juniper Acquisition is consummated on or prior to the dates described above, nor will you have any right to require us to repurchase your mandatorily redeemable notes if, between the closing of this offering and the closing of the Juniper Acquisition, we experience any changes in our business or financial condition, or if the terms of the Juniper Acquisition or the financing thereof change.

For a description of the special redemption provisions, see "Description of the Notes-Redemption-Special Mandatory Redemption."

Under the indenture, the change of control events that would require us to repurchase the notes are subject to a number of significant limitations, and change of control events that affect the market price of the notes may not give rise to any obligation to repurchase the notes.

Although we will be required under the indenture to make an offer to repurchase the notes upon the occurrence of a Change of Control Repurchase Event, the term "Change of Control Repurchase Event" is limited in its scope and does not include all change of control events that might affect the market value of the notes.

The definition of "Change of Control" includes a phrase relating to the direct or indirect sale, transfer, conveyance or other disposition of "all or substantially all" of our and our subsidiaries' assets, taken as a whole, to another person. The phrase "all or substantially all," as used with respect to our assets in the definition of "Change of Control," is subject to interpretation under applicable state law, and its applicability in a given instance would depend upon the facts and circumstances. There is a limited body of case law interpreting the phrase "all or substantially all," and there is no precise established definition of the phrase under applicable law. Accordingly, the applicability of the requirement that we offer to repurchase the notes as a result of a direct or indirect sale, transfer, conveyance or other disposition of less than all of our and our subsidiaries' assets, taken as a whole, to another person may be uncertain.

In the future, we could enter into certain transactions, including acquisitions, refinancings or other recapitalizations, or the sale of us to a holding company that does not have a majority stockholder, that may not, under the indenture, constitute a Change of Control that would require us to repurchase the notes, even though those transactions could increase the level of our indebtedness or otherwise adversely affect our capital structure, credit ratings or the value of the notes.

Even if a Change of Control occurs, we will be required under the indenture to make an offer to repurchase the notes only if, as a result of such Change of Control, the ratings of the notes are lowered below investment grade and the rating agencies assigning such lowered ratings announce or publicly confirm that such lowering was the result of the Change of Control. See "Description of the Notes-Repurchase at the Option of Holders on Certain Changes of Control."

This offering is not contingent on the consummation of the Concurrent Preferred Offering, nor is the consummation of the Concurrent Preferred Offering contingent on this offering.

The consummation of this offering and the consummation of the Concurrent Preferred Offering are not contingent upon one another, and we cannot assure you that the Concurrent Preferred Offering will be completed on the terms described herein, if at all. Accordingly, if you decide to purchase notes in this offering, you should be willing to do so whether or not we complete the Concurrent Preferred Offering. This prospectus supplement is not an offer to sell or a solicitation of an offer to buy any shares of preferred stock being offered in the Concurrent Preferred Offering.

Risks Related to the Juniper Acquisition

We may not consummate the Juniper Acquisition and this offering is not conditioned on consummation of the Juniper Acquisition.

If the Juniper Acquisition is consummated, we intend to use a portion of the net proceeds from this offering to fund the consideration for the Juniper Acquisition and to pay related fees and expenses. See "Use of Proceeds." However, this offering is not conditioned upon consummation of the Juniper Acquisition. Because the Juniper Acquisition is subject to the satisfaction or waiver of certain conditions, we cannot assure you that the Juniper Acquisition will be consummated in the anticipated timeframe or at all.

Because this offering is not conditioned upon the completion of the Juniper Acquisition, upon the closing of this offering, you will become a holder of the notes regardless of whether the Juniper Acquisition is completed at such time. Furthermore, the floating rate notes, the 20   notes and the 20   notes are not subject to a special mandatory redemption in the event that the Juniper Acquisition is delayed beyond the special mandatory redemption trigger date or is terminated. If you decide to purchase the floating rate notes, the 20   notes or the 20   notes in this offering, you should be willing to do so whether or not the Juniper Acquisition is consummated.

Failure to complete the Juniper Acquisition may adversely affect our business.

Consummation of the Juniper Acquisition is subject to the satisfaction or waiver of certain conditions, including, but not limited to, (i) the adoption of the Merger Agreement by the affirmative vote of the holders of at least a majority of the outstanding shares of Juniper Common Stock entitled to vote thereon, which was obtained on April 2, 2024; (ii) the absence of any injunction, order or law preventing, prohibiting or making illegal the consummation of the Juniper Acquisition; (iii) the expiration or termination of the waiting period applicable to the Juniper Acquisition under the HSR Act, and the receipt of all other required approvals, consents or clearances under specified foreign antitrust laws and foreign investment laws without imposition of a Burdensome Condition (as defined in the Merger Agreement); (iv) the accuracy of the parties' representations and warranties in the Merger Agreement, subject to specified materiality qualifications; (v) compliance by the parties with their respective covenants in the Merger Agreement in all material respects; and (vi) in the case of the obligations of HPE and Merger Sub to effect the Juniper Acquisition, the absence of a material adverse effect with respect to Juniper that is continuing as of the closing. There can be no assurance that all of these or other closing conditions will be satisfied in a timely manner or at all. Any delay in completing the Juniper Acquisition could cause us not to realize some or all of the anticipated benefits when expected, if at all. If the Juniper Acquisition is not completed, we may suffer consequences that could adversely affect our business and results of operations, including incurring significant acquisition costs that we would be unable to recover, negative publicity, and a negative impression of us in the investment community. Furthermore, under certain specified circumstances, including the termination of the Merger Agreement by either us or Juniper because certain required regulatory clearances are not obtained or the terms of the Merger Agreement are materially breached by us, upon termination we would be required to pay Juniper a termination fee of $815 million.

Failure to realize the benefits expected from the Juniper Acquisition could adversely affect our business.

There can be no assurance that we will realize any of the significant benefits that we expect to result from the Juniper Acquisition, or realize them within the anticipated timeframe. Achieving these benefits will depend, in part, on our ability to integrate Juniper's business successfully and efficiently. The challenges involved in this integration, which will be complex and time-consuming, include the following:

If we do not successfully manage these issues and the other challenges inherent in integrating an acquired business, then we may not achieve the anticipated benefits of the Juniper Acquisition on our anticipated timeframe or at all, and our revenue, expenses, operating results and financial condition could be materially adversely affected. The successful integration of Juniper will require significant management attention both before and after the completion of the Juniper Acquisition, and may divert the attention of management from our business and operational issues.

The unaudited pro forma condensed combined financial information reflecting the Juniper Acquisition included in, and incorporated by reference into, this prospectus supplement is based on assumptions and is subject to change based on various factors.

HPE and Juniper have no prior history as a combined company and their assets and operations have not been managed on a combined basis. As a result, the unaudited pro forma condensed combined financial information included in, and incorporated by reference into, this prospectus supplement, which was prepared in accordance with Article 11 of Regulation S-X, and the historical financial statements of the HPE and Juniper businesses are

presented for informational purposes only and are not necessarily indicative of the financial position or results of operations that would have actually occurred had the Juniper Acquisition and related financings been completed at or as of the dates indicated, nor is such unaudited pro forma condensed combined financial information indicative of the future operating results or financial position of the combined company if the Juniper Acquisition and related financings are consummated.

The unaudited pro forma condensed combined financial information does not reflect future changes or future events resulting from the Juniper Acquisition that may occur, including restructuring activities or other costs related to the integration of the HPE and Juniper businesses, and does not consider potential impacts of current market conditions on revenues, expense efficiencies or asset dispositions. The unaudited pro forma condensed combined financial information included in, and incorporated by reference into, this prospectus supplement is based in part on certain assumptions regarding the Juniper Acquisition. HPE believes the assumptions underlying such unaudited pro forma condensed combined financial information are reasonable under the circumstances, however, such assumptions and estimates are preliminary and may not prove to be accurate over time. In addition, if and to the extent there are any further changes in market conditions affecting the financings, including the results of this offering or the Concurrent Preferred Offering, then the pro forma condensed combined financial information and the future operating results or financial position of the combined company may be impacted, and such impact may be material. HPE has no obligation to update the pro forma condensed financial information included in, and incorporated by reference into, this prospectus supplement for any subsequent event and may not do so.

As a result, investors should not place any undue reliance on the unaudited pro forma condensed combined financial information, and our actual results following the completion of the Juniper Acquisition and related financings may differ from those that are anticipated therein.

The combined company financial information included in this prospectus supplement has not been prepared in accordance with Article 11 of Regulation S-X, is not indicative of what the combined company's performance would have been had HPE and Juniper been a combined company for the periods presented and should not be viewed as indicative of the combined company's future performance.

This prospectus supplement includes certain combined company financial information that is based on historical financial information prepared by HPE and Juniper. This combined company financial information has not been prepared in accordance with Article 11 of Regulation S-X and does not give effect to the pro forma adjustments that might be required in connection with the preparation of pro forma financial information in accordance with Article 11 of Regulation S-X. As a result, the combined company financial information presented in this prospectus supplement could materially differ from financial information determined in accordance with Article 11 of Regulation S-X and is not indicative of what the combined company's performance would have been had HPE and Juniper been a combined company for the periods presented. In addition, the combined company financial information does not reflect future changes or future events resulting from the Juniper Acquisition that may occur, including restructuring activities or other costs related to the integration of the HPE and Juniper businesses, and does not consider potential impacts of current market conditions on revenues, expense efficiencies or asset dispositions.

As a result, investors should not place any undue reliance on the combined company financial information. The combined company financial information is for informational purposes only and is not necessarily indicative of the financial position or results of operations that would have actually occurred had the Juniper Acquisition and related financings been completed as of the dates indicated, nor is such combined company financial information indicative of the future operating results or financial position of the combined company if the Juniper Acquisition and related financings are consummated.

Risks Related to the Floating Rate Notes

SOFR has a limited history, and the future performance of SOFR cannot be predicted based on historical performance.

The publication of SOFR began in April 2018, and, therefore, it has a limited history. The future performance of SOFR cannot be predicted based on the limited historical performance. Levels of SOFR going forward may bear little or no relation to the historical actual or historical indicative data. Prior observed patterns, if any, in the behavior of market variables and their relation to SOFR, such as correlations, may change in the future. While

some pre-publication historical data have been released by the Federal Reserve Bank of New York, such analysis inherently involves assumptions, estimates and approximations. The future performance of SOFR is impossible to predict and therefore no future performance of SOFR may be inferred from any of the historical actual or historical indicative data. Hypothetical or historical performance data are not indicative of, and have no bearing on, the potential performance of SOFR. There can be no assurance that SOFR will be positive.

SOFR may be more volatile than other benchmark or market rates.

Since the initial publication of SOFR, daily changes in the rate have, on occasion, been more volatile than daily changes in other benchmark or market rates, such as three-month U.S. dollar LIBOR, during corresponding periods, and SOFR may bear little or no relation to the historical actual or historical indicative data. The volatility of SOFR has reflected the underlying volatility of the overnight U.S. Treasury repurchase agreement market. The Federal Reserve Bank of New York has at times conducted operations in the overnight U.S. Treasury repo market in order help maintain the federal funds rate within a target range. There can be no assurance that the New York Federal Reserve will continue to conduct such operations in the future, and the duration and extent of any such operations is inherently uncertain. The effect of any such operations, or of the cessation of such operations to the extent they are commenced, is uncertain and could be materially adverse to investors in the floating rate notes. In addition, although changes in Compounded SOFR generally are not expected to be as volatile as changes in daily levels of SOFR, the return on and value of the floating rate notes may fluctuate more than floating rate securities that are linked to less volatile rates.

Any failure of SOFR to gain market acceptance could adversely affect the floating rate notes.

According to the Alternative Reference Rates Committee ("ARRC") convened by the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York, SOFR was developed for use in certain U.S. dollar derivatives and other financial contracts as an alternative to U.S. dollar LIBOR in part because it is considered a good representation of general funding conditions in the overnight U.S. Treasury repurchase agreement market. However, as a broad Treasury repurchase financing rate based on transactions secured by U.S. Treasury securities, it does not measure bank-specific credit risk and, as a result, is less likely to correlate with the unsecured short-term funding costs of banks. This may mean that market participants would not consider SOFR a suitable replacement or successor for all of the purposes for which U.S. dollar LIBOR historically has been used (including, without limitation, as a representation of the unsecured short-term funding costs of banks), which may, in turn, lessen market acceptance of SOFR. Any failure of SOFR to gain market acceptance could adversely affect the return on and value of the floating rate notes and the price at which investors can sell the floating rate notes in the secondary market.

The interest rate on the floating rate notes is based on a Compounded SOFR rate and the SOFR Index, which is relatively new in the marketplace.

For each floating rate notes interest period, the interest rate on the floating rate notes is based on Compounded SOFR, which is calculated using the SOFR Index published by the Federal Reserve Bank of New York according to the specific formula described under "Description of the Notes-Interest-Compounded SOFR", not the SOFR rate published on or in respect of a particular date during such floating rate notes interest period or an arithmetic average of SOFR rates during such period. For this and other reasons, the interest rate on the floating rate notes during any floating rate notes interest period will not be the same as the interest rate on other SOFR-linked investments that use an alternative basis to determine the applicable interest rate. Further, if the SOFR rate in respect of a particular date during a floating rate notes interest period is negative, its contribution to the SOFR Index will be less than one, resulting in a reduction to Compounded SOFR used to calculate the interest payable on the floating rate notes on the floating rate notes interest payment date for such floating rate notes interest period.

In addition, limited market precedent exists for securities that use SOFR as the interest rate and the method for calculating an interest rate based upon SOFR in those precedents varies. The Federal Reserve Bank of New York only began publishing the SOFR Index on March 2, 2020. Accordingly, the use of the SOFR Index or the specific formula for the Compounded SOFR rate used in the floating rate notes may not be widely adopted by other market participants, if at all. If the market adopts a different calculation method, that would likely adversely affect the market value of the floating rate notes.

Compounded SOFR with respect to a particular floating rate notes interest period will only be capable of being determined near the end of the relevant floating rate notes interest period.

The level of Compounded SOFR applicable to a particular floating rate notes interest period and, therefore, the amount of interest payable with respect to such floating rate notes interest period will be determined on the Interest Payment Determination Date for such floating rate notes interest period. Because each such date is near the end of such floating rate notes interest period, you will not know the amount of interest payable with respect to a particular floating rate notes interest period until shortly prior to the related floating rate notes interest payment date and it may be difficult for you to reliably estimate the amount of interest that will be payable on each such floating rate notes interest payment date. In addition, some investors may be unwilling or unable to trade the floating rate notes without changes to their information technology systems, both of which could adversely impact the liquidity and trading price of the floating rate notes.

The secondary trading market for securities linked to SOFR may be limited.

If SOFR does not prove to be widely used as a benchmark in securities that are similar or comparable to the floating rate notes, the trading price of the floating rate notes may be lower than those of securities that are linked to rates that are more widely used. Similarly, market terms for securities that are linked to SOFR, including, but not limited to, the spread over the reference rate reflected in the interest rate provisions, may evolve over time, and as a result, trading prices of the floating rate notes may be lower than those of later-issued securities that are based on SOFR. Investors in the floating rate notes may not be able to sell the floating rate notes at all or may not be able to sell the floating rate notes at prices that will provide them with a yield comparable to similar investments that have a developed secondary market, and may consequently suffer from increased pricing volatility and market risk.

SOFR or the SOFR Index may be modified or discontinued and the floating rate notes may bear interest by reference to a rate other than Compounded SOFR, which could adversely affect the value of the floating rate notes.

SOFR is a relatively new rate, and the Federal Reserve Bank of New York notes on its publication page for SOFR that the use of SOFR is subject to important limitations and disclaimers, including that the Federal Reserve Bank of New York (or a successor), as administrator of SOFR, may make methodological or other changes that could change the value of SOFR. Such changes could include, but are not limited to, changes related to the method by which SOFR is calculated, eligibility criteria applicable to the transactions used to calculate SOFR, or timing related to the publication of SOFR. The SOFR Index is published by the Federal Reserve Bank of New York based on data received by it from sources other than us, and we have no control over its methods of calculation, publication schedule, rate revision practices or availability of the SOFR Index at any time. There can be no guarantee, particularly given its relatively recent introduction, that the SOFR Index will not be discontinued or fundamentally altered in a manner that is materially adverse to the interests of investors in the floating rate notes. If the manner in which the SOFR Index is calculated, including the manner in which SOFR is calculated, is changed, that change may result in a reduction of the amount of interest payable on the floating rate notes, which may adversely affect the trading prices of the floating rate notes. The Federal Reserve Bank of New York may withdraw, modify, amend, suspend or discontinue the publication of the SOFR Index or SOFR data in its sole discretion and without notice (in which case a fallback method of determining the interest rate on the floating rate notes as further described under "Description of the Notes-Interest-Compounded SOFR" will apply) and has no obligation to consider the interests of holders of the floating rate notes in calculating, withdrawing, modifying, amending, suspending or discontinuing SOFR or the SOFR Index. The interest rate for any interest period will not be adjusted for any modifications or amendments to the SOFR Index or SOFR data that the Federal Reserve Bank of New York may publish after the interest rate for that interest period has been determined.

If we or our Designee (as defined herein) determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred in respect of the SOFR Index, then the interest rate on the floating rate notes will no longer be determined by reference to the SOFR Index, but instead will be determined by reference to a different rate, which will be a different rate plus a spread adjustment, which we refer to as a "Benchmark Replacement," as further described under "Description of the Notes - Principal and Interest - Compounded SOFR".

We or an affiliate of ours will or could have authority to make determinations, decisions and elections that could affect the return on, value of and market for the floating rate notes.

Under the terms of the floating rate notes, we are authorized to make certain determinations, decisions and elections with respect to the interest rate on the floating rate notes. We will make any such determination, decision or election in our sole discretion, and any such determination, decision or election that we make could affect the amount of interest payable on the floating rate notes. For example, if we determine that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the floating rate notes, then we will determine, among other things, the Benchmark Replacement, Benchmark Replacement Adjustment and Benchmark Replacement Conforming Changes. Furthermore, we are authorized to appoint a designee (which may be one of our affiliates) to make certain of the determinations, decisions and elections that we are authorized to make under the terms of the floating rate notes, including any determination that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, and the related determinations of the Benchmark Replacement and Benchmark Replacement Adjustment. Any exercise of discretion by us, or by one of our affiliates acting as our designee, under the terms of the floating rate notes could present a conflict of interest. In addition, we or an affiliate of ours may assume the duties of calculation agent for the floating rate notes. In making any required determinations, decisions and elections under the terms of the floating rate notes, we or any affiliate acting as our designee, including if we or an affiliate are acting as calculation agent, may have economic interests that are adverse to the interest of the holders of those notes, and those determinations, decisions or elections could have a material adverse effect on the return on, value of and market for those notes. All determinations, decisions or elections by us, or by one of our affiliates acting as our designee, including those made by us or by an affiliate acting as calculation agent, will be conclusive and binding absent manifest error.

USE OF PROCEEDS

We estimate that the net proceeds from this offering to us, after deducting the underwriting discounts and estimated offering expenses payable by us, will be approximately $   billion. Absent a special mandatory redemption, we intend to use the net proceeds from this offering to fund all or a portion of the consideration for the Juniper Acquisition, to pay related fees and expenses, and, if any proceeds remain thereafter, for other general corporate purposes, which may include, among other uses, repaying certain indebtedness of HPE, Juniper and their respective subsidiaries. Prior to the consummation of the Juniper Acquisition, such net proceeds will not be deposited in an escrow account, and you will not receive a security interest in such net proceeds. In the event of a special mandatory redemption, the net proceeds of the floating rate notes, the 20  notes and the 20  notes, which are not subject to the special mandatory redemption, will be used for general corporate purposes, which may include, among other uses, repaying certain indebtedness of HPE and its subsidiaries.

Our management will retain broad discretion as to the allocation of the net proceeds from this offering. Until we use the net proceeds from this offering, we may invest the net proceeds from this offering in short term, interest bearing investments.

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION OF HEWLETT PACKARD ENTERPRISE COMPANY AND JUNIPER NETWORKS, INC.

On January 9, 2024, Hewlett Packard Enterprise Company, a Delaware corporation ("HPE" or the "Company"), Jasmine Acquisition Sub, Inc., a Delaware corporation ("Merger Sub") and Juniper Networks, Inc., a Delaware corporation ("Juniper") entered into the Agreement and Plan of Merger (the "Merger Agreement"). Pursuant to the terms of the Merger Agreement, Merger Sub will be merged with and into Juniper, with Juniper surviving as a wholly owned subsidiary of the Company (the "Merger").

Juniper equity awards held by the Chief Executive Officer ("CEO") and certain other executives will also generally be converted into new HPE equity awards, with 30% of the equity awards of the CEO of Juniper (the "Accelerated CEO Awards") immediately vesting on the closing date of the Merger. Further, RSUs held by the non-employee members of Juniper's board of directors shall vest in full and be cancelled and converted such that each member will receive an amount of cash equivalent to the number of outstanding RSU awards held by each member multiplied by the merger consideration of $40.00 per share. Additionally, as a part of the compensation arrangement post-Merger close, HPE will be issuing retention, time and performance based RSU awards to the CEO of Juniper. The retention and time-based performance awards are going to vest in three equal annual installments, whereas the performance-based awards will be linked to the operating profit goals for the Networking business unit and will vest after the completion of a three-year performance period.

Additionally, Juniper also maintains an Employee Stock Purchase Plan (the "ESPP"), which as a part of the Merger will be terminated immediately prior to the Merger and all accumulated contributions remaining in the ESPP will be refunded to such participants (i.e., Juniper employees).

The unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X. The Company and Juniper have different fiscal years: the Company's fiscal year ends on October 31, and Juniper's fiscal year ends on December 31. The unaudited pro forma condensed combined financial information has been prepared utilizing period ends that differ by one fiscal quarter or less, as permitted by Rule 11-02 of Regulation S-X.

The unaudited pro forma condensed combined balance sheet gives effect to the Merger, and the Financing Transactions as if consummated as of July 31, 2024, and is derived from:

The unaudited pro forma condensed combined statement of operations for the year ended October 31, 2023, gives effect to the Merger and the Financing Transactions as if they had occurred on November 1, 2022, and is derived from:

The unaudited pro forma condensed combined statement of operations for the nine months ended July 31, 2024, gives effect to the Merger and the Financing Transaction as if they had occurred on November 1, 2022, and is derived from:

The unaudited pro forma condensed combined financial information has been prepared by the Company using the acquisition method of accounting in accordance with U.S. generally accepted accounting principles ("US GAAP"). The Company has been treated as the acquirer in the Merger for accounting purposes. The pro forma adjustments are based upon available information and certain assumptions that the Company believes are reasonable as of the date hereof. The unaudited pro forma condensed combined financial information is provided for illustrative and informational purposes only and does not purport to represent or be indicative of the consolidated results of operations or financial condition of the Company had the Merger been completed as of the dates presented and should not be construed as representative of the future consolidated results of operations or financial condition of the combined entity.

An updated determination of the fair value of Juniper's assets acquired and liabilities assumed will be performed within one year of closing of the Merger. The final purchase price allocation may be materially different from the preliminary purchase consideration allocation presented in the unaudited pro forma condensed combined financial information. Any changes in the fair values of the net assets or total purchase consideration as compared with the information shown in the unaudited pro forma condensed combined financial information may change the amount of the total purchase price allocated to goodwill, and other assets and liabilities, which may impact the combined entity's balance sheet and statement of operations. As a result of the foregoing, the pro forma adjustments are preliminary and have been made solely for the purpose of providing unaudited pro forma condensed combined financial information. Differences between these preliminary estimates and the final acquisition accounting may arise, and these differences could have a material impact on the accompanying unaudited pro forma condensed combined financial information and the combined entity's future results of operations and financial position.

The unaudited pro forma condensed combined financial information does not reflect any expected cost savings, operating synergies, or revenue enhancements that the combined entity may achieve as a result of the Merger or the costs necessary to achieve any such cost savings, operating synergies, or revenue enhancements.

			HPE Historical (as of July 31, 2024)			Juniper Historical (as of June 30, 2024), As Adjusted (Note 2)			Transaction Accounting Adjustments - Merger (Note 4 & 5)			Notes			Transaction Accounting Adjustments - Debt Financing and Equity Financing (Note 6)			Notes			Transaction Accounting Adjustments - H3C Stake Sale (Note 7)			Notes			Pro Forma Combined
ASSETS
Current Assets:
Cash and cash equivalents			$3,642			$935			$(13,079)			4(g) 5(e)			$10,924			6(a) 6(b)			$2,023			7			$4,445
Accounts receivable, net of allowances			3,857			879			-						-						-						4,736
Financing receivables, net of allowances			3,705			-			-						-						-						3,705
Inventory			7,679			1,012			555			4(a)			-						-						9,246
Assets held for sale			6			-			-						-						-						6
Other current assets			3,516			705			-						-						-						4,221
Total current assets			$22,405			$3,531			$(12,524)						$10,924						$2,023						$26,359
Property, plant and equipment, net			5,738			685			226			4(b)			-						-						6,649
Long-term financing receivables and other assets			11,926			1,415			(1,081)			4(f) 4(h)			-						-						12,260
Investments in equity interests			2,318			-			-						-						(1,419)			7			899
Goodwill			17,988			3,734			2,549			4(e)			-						-						24,271
Intangible assets, net			477			64			6,536			4(c)			-						-						7,077
Total assets			$60,852			$9,429			$(4,294)						$10,924						$604						$77,515
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Notes payable and short-term borrowings			3,864			-			-						150			6(a)			-						4,014
Accounts payable			10,085			268			-						-						-						10,353
Employee compensation and benefits			1,166			264			-						-						-						1,430
Taxes on earnings			150			108			-						-						90			7			348
Deferred revenue			3,803			1,148			-						-						-						4,951
Accrued restructuring			86			9			-						-						-						95
Liabilities held for sale			59			-			-						-						-						59
Other accrued liabilities			4,652			247			(2)			4(f)			-						-						4,897
Total current liabilities			$23,865			$2,044			$(2)						$150						$90						$26,147
Long-term debt			7,939			1,607			-						9,311			6(a)			-						18,857
Other non-current liabilities			6,914			1,276			(12)			4(f)			-						-						8,178
Commitments and Contingencies
Stockholders' Equity

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS

FOR THE YEAR ENDED OCTOBER 31, 2023

(in millions, except per share data)

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS

FOR NINE MONTHS ENDED JULY 31, 2024

(in millions, except per share data)

HEWLETT PACKARD ENTERPRISE COMPANY

NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION

The unaudited pro forma condensed combined financial information has been prepared by the Company in connection with its acquisition of Juniper, a company which designs, develops, and sells products and services for high-performance networks, to enable customers to build scalable, reliable, secure, and cost-effective networks for their businesses, while achieving agility and improved operating efficiency through automation.

The accompanying unaudited pro forma condensed combined balance sheet as of July 31, 2024, combines the unaudited historical condensed consolidated balance sheet of HPE as of July 31, 2024, with the unaudited historical condensed consolidated balance sheet of Juniper as of June 30, 2024, giving effect to the Merger and the Financing Transactions as if the same had been consummated as of July 31, 2024. The unaudited pro forma condensed combined statement of operations for the year ended October 31, 2023, combines the audited consolidated statement of operations of HPE for the year ended October 31, 2023, with the audited consolidated statement of operations of Juniper for the year ended December 31, 2023, giving effect to the Merger as if the transaction had occurred on November 1, 2022. The unaudited pro forma condensed combined statement of operations for the nine months ended July 31, 2024 combines the unaudited condensed consolidated statement of operations of HPE for the nine months ended July 31, 2024 with the unaudited condensed consolidated statement of operations of Juniper for the six months ended June 30, 2024 and the three months ended December 31, 2023, which has been calculated by deducting Juniper's results for the nine months ended September 30, 2023 from its results for the fiscal year ended December 31, 2023, giving effect to the Merger as if the transaction had occurred on November 1, 2022. Refer to Juniper's adjusted historical results for this period in the unaudited pro forma condensed combined statement of operations for the nine months ending July 31, 2024.

The Company's and Juniper's historical financial statements were prepared in accordance with U.S. GAAP. Management has included certain reclassification adjustments for consistency in presentation as indicated in the subsequent notes. See Note 2 for further discussion. The Company is currently in the process of evaluating Juniper's accounting policies. That evaluation may identify additional differences between the accounting policies of the Company and Juniper. Based on the information currently available, the Company has determined on a preliminary basis that no significant adjustments are necessary to conform Juniper's financial statements to the accounting policies used by the Company.

The accompanying unaudited pro forma condensed combined financial information and related notes were prepared using the acquisition method of accounting in accordance with Accounting Standards Codification ("ASC") Topic 805, Business Combinations, ("ASC 805"), with HPE considered the accounting acquirer of Juniper. ASC 805 requires, among other things, that the assets acquired, and liabilities assumed, in a business combination be recognized at their fair values as of the acquisition date. For purposes of the unaudited pro forma condensed combined balance sheet, the purchase price consideration has been allocated to the assets acquired and liabilities assumed of Juniper based upon management's preliminary estimate of their fair values. The excess of the purchase price consideration over the fair value of assets acquired and liabilities assumed is allocated to goodwill. Accordingly, the purchase price allocation and related adjustments reflected in the unaudited pro forma condensed combined financial information are preliminary and subject to adjustment based on a final determination of fair value and tax contingency matters. The purchase price consideration as well as the estimated fair values of the assets and liabilities will be updated and finalized as soon as practicable, but no later than one year from the closing of the acquisition.

The pro forma adjustments are based upon available information and certain assumptions that the Company believes are reasonable. The unaudited pro forma condensed combined financial information is provided for informational purposes only and does not purport to represent or be indicative of the consolidated results of operations or financial condition of the Company had the Merger been completed as of the dates presented and should not be construed as representative of the future consolidated results of operations or financial condition of the combined entity.

During the preparation of the unaudited pro forma condensed combined statement of operations, management performed a preliminary analysis of Juniper's financial information to identify differences in Juniper's financial

HEWLETT PACKARD ENTERPRISE COMPANY

NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION(Continued)

statement presentation as compared to the financial statement presentation of the Company. Based on a preliminary analysis performed, certain reclassification adjustments have been made to conform Juniper's historical financial statement presentation to the Company's financial statement presentation. The Company is currently performing a full and detailed review of Juniper's financial statement presentation and accounting policies, which could result in amounts set forth in the Company's future financial statements being materially different from the amounts set forth in the unaudited pro forma condensed combined financial information presented herein.

			Juniper Historical1			Reclassification Adjustments			Notes			Juniper Historical, As Adjusted
ASSETS
Current Assets:
Cash and cash equivalents			$935			$-						$935
Short-term investments			187			(187)			2(a)			-
Accounts receivable, net of allowances			879			-						879
Inventory			926			86			2(e)			1,012
Prepaid expenses and other current assets			518			(518)			2(b)			-
Other current assets			-			705			2(a) 2(b)			705
Total current assets			$3,445			$86						$3,531
Property, plant and equipment, net			685			-						685
Operating lease assets			147			(147)			2(c)			-
Long-term financing receivables and other assets			-			1,415			2(c) 2(d) 2(e)			1,415
Long-term investments			309			(309)			2(d)			-
Goodwill			3,734			-						3,734
Intangible assets, net			64			-						64
Other long-term assets			1,045			(1,045)			2(e)			-
Total assets			$9,429			$-						$9,429
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable			268			-						268
Employee compensation and benefits			-			264			2(f)			264
Accrued compensation			264			(264)			2(f)			-
Taxes on earnings			-			108			2(l)			108
Deferred revenue			1,148			-						1,148
Accrued restructuring			-			9			2(g)			9
Other accrued liabilities			364			(117)			2(g) 2(l)			247
Total current liabilities			$2,044			$-						$2,044
Long-term debt			1,607			-						1,607
Long-term deferred revenue			940			(940)			2(h)			-
Long-term income taxes payable			75			(75)			2(i)			-
Long-term operating lease liabilities			120			(120)			2(j)			-
Other long-term liabilities			141			(141)			2(k)			-
Other non-current liabilities			-			1,276			2(h) 2(i) 2(j) 2(k)			1,276
Total liabilities			$4,927			$-						$ 4,927