Annual report pursuant to Section 13 and 15(d)

SEGMENT INFORMATION

v2.4.1.9
SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
 
Organizational Realignment. On July 1, 2014 the North America Commercial Solutions operating segment was consolidated into the U.S. Consumer Information Solutions and International operating segments. The change was driven by an enterprise wide distribution marketing strategy to maximize the penetration of our products and services in our targeted markets. In an effort to accelerate our penetration and simplify how our commercial information customers interact with us, we have reorganized our operating segments. The U.S. portion of the North America Commercial Solutions (“NACS”) operating segment was consolidated into the U.S. Consumer Information Solutions operating segment. The combined operating segment was renamed U.S. Information Solutions. The Canadian portion of the NACS operating segment was consolidated into the Canada operations of the International operating segment. As a result, we modified our segment reporting effective in the third quarter of 2014. Our financial results for the years ended December 31, 2013 and 2012, 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

•
International

•
Workforce Solutions

•
North America Personal Solutions

The accounting policies of the reportable segments are the same as those described in our summary of significant accounting policies (see Note 1). We evaluate the performance of these reportable segments based on their operating revenue, operating income and operating margins, excluding any 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, locate services, fraud detection and prevention services, identity verification services and other consulting services); mortgage loan origination information, appraisal, title and closing services; consumer and commercial 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, and products and services sold directly to consumers. Beginning in 2014, we also provide information, technology and services to support debt collections and recovery management in Europe and Latin America.
 
Workforce Solutions.   This segment includes employment, income and social security number verification services (known as Verification Services) and employment tax and talent management services (known as Employer Services).
 
North America 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.
 

Segment information for the twelve months ended December 31, 2014, 2013 and 2012 and as of December 31, 2014 and 2013 is as follows:
 
 
Twelve Months Ended
December 31,
Operating revenue:
 
2014
 
2013
 
2012
 
 
(In millions)
U.S. Information Solutions
 
$
1,104.8

 
$
1,084.5

 
$
934.4

International
 
626.2

 
537.9

 
511.0

Workforce Solutions
 
490.1

 
474.1

 
442.1

North America Personal Solutions
 
215.3

 
207.4

 
185.5

Total operating revenue
 
$
2,436.4

 
$
2,303.9

 
$
2,073.0

 
 
 
Twelve Months Ended
December 31,
Operating income:
 
2014
 
2013
 
2012
 
 
(In millions)
U.S. Information Solutions
 
$
428.2

 
$
410.0

 
$
356.0

International
 
140.4

 
157.3

 
152.8

Workforce Solutions
 
160.7

 
142.6

 
106.6

North America Personal Solutions
 
66.8

 
58.6

 
50.4

General Corporate Expense
 
(157.9
)
 
(157.3
)
 
(185.8
)
Total operating income
 
$
638.2

 
$
611.2

 
$
480.0

 
 
 
December 31,
Total assets:
 
2014
 
2013
 
 
(In millions)
U.S. Information Solutions
 
$
1,983.9

 
$
1,979.2

International
 
1,059.9

 
738.2

Workforce Solutions
 
1,271.3

 
1,295.5

North America Personal Solutions
 
47.6

 
42.9

General Corporate
 
311.5

 
484.1

Total assets
 
$
4,674.2

 
$
4,539.9

 
 
 
Twelve Months Ended
December 31,
Depreciation and amortization expense:
 
2014
 
2013
 
2012
 
 
(In millions)
U.S. Information Solutions
 
$
86.7

 
$
88.8

 
$
44.2

International
 
44.4

 
24.1

 
25.9

Workforce Solutions
 
42.6

 
51.7

 
66.2

North America Personal Solutions
 
8.0

 
7.5

 
7.0

General Corporate
 
20.1

 
17.5

 
16.7

Total depreciation and amortization expense
 
$
201.8

 
$
189.6

 
$
160.0

 
 
 
Twelve Months Ended
December 31,
Capital expenditures:
 
2014
 
2013
 
2012
 
 
(In millions)
U.S. Information Solutions
 
$
16.6

 
$
16.7

 
$
18.2

International
 
15.2

 
19.7

 
10.8

Workforce Solutions
 
13.1

 
14.6

 
12.8

North America Personal Solutions
 
9.2

 
6.9

 
6.1

General Corporate
 
32.3

 
25.4

 
18.1

Total capital expenditures
 
$
86.4

 
$
83.3

 
$
66.0


 
Financial information by geographic area is as follows:
 
 
Twelve Months Ended
December 31,
 
 
2014
 
2013
 
2012
 
 
 
 
 
 
(In millions)
 
 
 
 
Operating revenue (based on location of customer):
 
Amount
 
%
 
Amount
 
%
 
Amount
 
%
U.S.
 
$
1,810.2

 
74
%
 
$
1,766.0

 
77
%
 
$
1,561.9

 
76
%
Canada
 
154.2

 
6
%
 
155.6

 
7
%
 
153.9

 
7
%
U.K.
 
217.0

 
9
%
 
144.7

 
6
%
 
133.5

 
6
%
Other
 
255.0

 
11
%
 
237.6

 
10
%
 
223.7

 
11
%
Total operating revenue
 
$
2,436.4

 
100
%
 
$
2,303.9

 
100
%
 
$
2,073.0

 
100
%

 
 
December 31,
 
 
2014
 
2013
 
 
 
 
(In millions)
 
 
Long-lived assets:
 
Amount
 
%
 
Amount
 
%
U.S.
 
$
3,286.1

 
81
%
 
$
3,332.8

 
86
%
U.K.
 
371.9

 
9
%
 
122.3

 
3
%
Canada
 
55.8

 
1
%
 
54.7

 
1
%
Other
 
355.3

 
9
%
 
381.7

 
10
%
Total long-lived assets
 
$
4,069.1

 
100
%
 
$
3,891.5

 
100
%