Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
 
Reportable Segments.  We manage our business and report our financial results through the following three reportable segments, which are the same as our operating segments:

–Workforce Solutions
–U.S. Information Solutions (“USIS”)
–International

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 2021 Form 10-K. We evaluate the performance of these reportable segments based on their operating revenues, operating income and operating margins, excluding any unusual or infrequent items, if any. The measurement criteria for segment profit or loss and segment assets are substantially the same for each reportable segment. Inter-segment sales and transfers are not material for all periods presented. All transactions between segments are accounted for at fair market value or cost depending on the nature of the transaction and no timing differences occur between segments.
 
A summary of segment products and services is as follows:
 
Workforce Solutions.  This segment includes employment, income, criminal history and social security number verification services as well as complementary payroll-based transaction services, employment tax management services and identity theft protection products offered directly to consumers and through employers.

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, locate services, fraud detection and prevention services, identity verification services and other consulting services); mortgage services; financial marketing services; identity management; and credit monitoring products sold to resellers or directly to consumers.
 
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 Asia Pacific, Europe, Canada and Latin America we also provide information, technology and services to support debt collections and recovery management. In Europe and Canada we also provide credit monitoring products to resellers or directly to consumers.

Operating revenue and operating income by operating segment during the three and nine months ended September 30, 2022 and 2021 are as follows:
  Three Months Ended Nine Months Ended
(In millions) September 30, September 30,
Operating revenue: 2022 2021 2022 2021
Workforce Solutions $ 558.9  $ 514.6  $ 1,817.1  $ 1,503.8 
U.S. Information Solutions 397.4  437.7  1,251.8  1352.8 
International 288.0  270.6  855.4  814.1 
Total operating revenue $ 1,244.3  $ 1,222.9  $ 3,924.3  $ 3,670.7 
 
  Three Months Ended Nine Months Ended
(In millions) September 30, September 30,
Operating income: 2022 2021 2022 2021
Workforce Solutions $ 231.0  $ 254.0  $ 820.6  $ 785.5 
U.S. Information Solutions 82.0  127.7  315.4  419.3 
International 42.5  32.5  111.9  95.7 
General Corporate Expense (112.6) (141.0) (367.9) (414.7)
Total operating income $ 242.9  $ 273.2  $ 880.0  $ 885.8 

Total assets by operating segment at September 30, 2022 and December 31, 2021 are as follows:
  September 30, December 31,
(In millions) 2022 2021
Total assets:    
Workforce Solutions $ 4,170.2  $ 3,888.3 
U.S. Information Solutions 3,258.5  3,091.4 
International 2,973.5  3,271.5 
General Corporate 905.8  789.7 
Total assets $ 11,308.0  $ 11,040.9