Quarterly report pursuant to Section 13 or 15(d)

REVENUE

v3.19.1
REVENUE
 3 Months Ended
Mar. 31, 2019
Revenue Recognition and Deferred Revenue [Abstract]  
REVENUE
REVENUE

Revenue Recognition. Based on the information that management reviews internally for evaluating operating segment performance and nature, amount, timing, and uncertainty of revenue and cash flows affected by economic factors, we disaggregate revenue as follows:
 
 
Three Months Ended March 31,
 
Change
Consolidated Operating Revenue
 
2019
 
2018
 
$
 
%
 
 
(In millions)
Online Information Solutions
 
$
217.7

 
$
219.7

 
$
(2.0
)
 
(1
)%
Mortgage Solutions
 
32.2

 
41.7

 
$
(9.5
)
 
(23
)%
Financial Marketing Services
 
48.4

 
45.5

 
$
2.9

 
6
 %
Total U.S. Information Solutions
 
298.3

 
306.9

 
$
(8.6
)
 
(3
)%
Asia Pacific
 
73.1

 
82.4

 
$
(9.3
)
 
(11
)%
Europe
 
68.5

 
70.6

 
$
(2.1
)
 
(3
)%
Latin America
 
47.2

 
56.0

 
$
(8.8
)
 
(16
)%
Canada
 
36.3

 
35.5

 
$
0.8

 
2
 %
Total International
 
225.1

 
244.5

 
$
(19.4
)
 
(8
)%
Verification Services
 
148.9

 
128.4

 
$
20.5

 
16
 %
Employer Services
 
79.6

 
82.7

 
$
(3.1
)
 
(4
)%
Total Workforce Solutions
 
228.5

 
211.1

 
$
17.4

 
8
 %
Global Consumer Solutions
 
94.2

 
103.2

 
$
(9.0
)
 
(9
)%
Total operating revenue
 
$
846.1

 
$
865.7

 
$
(19.6
)
 
(2
)%


Remaining Performance Obligation – We have elected to disclose only the remaining performance obligations for those contracts with an expected duration of greater than 1 year and do not disclose the value of remaining performance obligations for contracts in which we recognize revenue at the amount to which we have the right to invoice. We expect to recognize as revenue the following amounts related to our remaining performance obligations as of March 31, 2019 inclusive of foreign exchange impact:
Performance Obligation
 
Balance
 
 
(In millions)
Less than 1 year
 
$
38.1

1 to 3 years
 
55.2

3 to 5 years
 
24.1

Thereafter
 
54.7

Total remaining performance obligation
 
$
172.1