Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
 
Organizational Realignment.  In January 2015, the personal solutions business in the United Kingdom was consolidated into the North America Personal Solutions segment. The change was driven by an enterprise wide strategy to maximize the penetration of our products and services in our targeted markets. We determined that market focus and operating efficiency could be further improved by reorganizing and consolidating the United States, Canada and the United Kingdom Personal Solutions operating activities into one segment called Personal Solutions. As a result, we modified our segment reporting effective in the first quarter of 2015. Our financial results for the three and nine months ended September 30, 2014, have been recast below to reflect our new organizational structure.
 
Reportable Segments.   We manage our business and report our financial results through the following four reportable segments, which are the same as our operating segments:

-    U.S. Information Solutions ("USIS")
-    International
-    Workforce Solutions
-    Personal Solutions
 
The accounting policies of the reportable segments are the same as those described in our summary of significant accounting policies in Note 1 of the Notes to Consolidated Financial Statements in our 2014 Form 10-K. We evaluate the performance of these reportable segments based on their operating revenues, operating income and operating margins, excluding unusual or infrequent items, if any. Inter-segment sales and transfers are not material for all periods presented. The measurement criteria for segment profit or loss and segment assets are substantially the same for each reportable segment. All transactions between segments are accounted for at cost, and no timing differences occur between segments.
 
A summary of segment products and services is as follows:
 
U.S. Information Solutions.   This segment includes consumer and commercial information services (such as credit information and credit scoring, credit modeling services and portfolio analytics (decisioning tools), which are derived from our databases of business credit and financial information, locate services, fraud detection and prevention services, identity verification services and other consulting services); mortgage loan origination information; financial marketing services; and identity management.
 
International.   This segment includes information services products, which includes consumer and commercial services (such as credit and financial information, credit scoring and credit modeling services), credit and other marketing products and services. In Europe and Latin America, we also provide information, technology and services to support debt collections and recovery management.
 
Workforce Solutions.   This segment includes employment, income and social security number verification services as well as complementary payroll-based transaction services and employment tax management services.
 
Personal Solutions.   This segment includes credit information, credit monitoring and identity theft protection products sold directly to consumers via the internet and in various hard-copy formats in the U.S., Canada, and the U.K.
 
Operating revenue and operating income by operating segment during the three and nine months ended September 30, 2015 and 2014 are as follows:
 
 
 
Three Months Ended
 
Nine Months Ended
(In millions)
 
September 30,
 
September 30,
Operating revenue:
 
2015
 
2014
 
2015
 
2014
U.S. Information Solutions
 
$
312.3

 
$
278.6

 
$
926.7

 
$
820.9

International
 
148.8

 
148.1

 
436.0

 
438.9

Workforce Solutions
 
139.0

 
122.5

 
434.0

 
361.6

Personal Solutions
 
67.3

 
64.2

 
200.6

 
190.4

Total operating revenue
 
$
667.4

 
$
613.4

 
$
1,997.3

 
$
1,811.8

 
 
 
Three Months Ended
 
Nine Months Ended
(In millions)
 
September 30,
 
September 30,
Operating income:
 
2015
 
2014
 
2015
 
2014
U.S. Information Solutions
 
$
123.4

 
$
104.3

 
$
382.8

 
$
312.4

International
 
29.6

 
33.3

 
87.1

 
95.1

Workforce Solutions
 
49.9

 
39.8

 
165.9

 
119.0

Personal Solutions
 
18.1

 
20.8

 
54.8

 
58.3

General Corporate Expense
 
(46.7
)
 
(44.5
)
 
(173.6
)
 
(111.8
)
Total operating income
 
$
174.3

 
$
153.7

 
$
517.0

 
$
473.0

  

 
 
 
 
 
 
 
 
September 30,
 
December 31,
(In millions)
 
2015
 
2014
Total assets:
 
 
 
 
U.S. Information Solutions
 
$
1,946.4

 
$
1,983.9

International
 
875.7

 
983.7

Workforce Solutions
 
1,270.3

 
1,271.3

Personal Solutions
 
120.3

 
123.8

General Corporate
 
328.7

 
311.5

Total assets
 
$
4,541.4

 
$
4,674.2