| Segment Information |
Segment information for the twelve months ended December 31, 2024, 2023 and 2022 and as of December 31, 2024 and 2023 is as follows:
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Twelve Months Ended December 31, 2024 |
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Workforce Solutions |
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U.S. Information Solutions |
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International |
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Total |
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(In millions) |
| Operating Revenue |
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$ |
2,433.8
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$ |
1,893.0
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$ |
1,354.3
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$ |
5,681.1
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Less: (1)
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| Cost of services |
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883.4
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861.1
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637.4
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2,381.9
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| Selling, general and administrative expenses |
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318.7
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390.2
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359.7
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1,068.6
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| Depreciation and amortization expenses |
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178.4
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237.3
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176.0
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591.7
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| Operating Income |
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$ |
1,053.3
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$ |
404.4
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$ |
181.2
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$ |
1,638.9
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| Reconciliation of segment operating income to consolidated income before income taxes: |
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| Unallocated amounts: |
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General corporate expense (2)
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$ |
(596.8) |
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| Other expense, net |
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(2.5) |
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Interest expense (3)
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(229.1) |
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| Consolidated income before income taxes |
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$ |
810.5
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Twelve Months Ended December 31, 2023 |
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Workforce Solutions |
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U.S. Information Solutions |
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International |
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Total |
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(In millions) |
| Operating Revenue |
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$ |
2,315.8 |
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$ |
1,720.4 |
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$ |
1,229.0 |
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$ |
5,265.2 |
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Less: (1)
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| Cost of services |
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830.9 |
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|
751.5 |
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579.0 |
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2,161.4 |
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| Selling, general and administrative expenses |
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339.1 |
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398.1 |
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334.6 |
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1,071.8 |
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| Depreciation and amortization expenses |
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176.5 |
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205.8 |
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147.6 |
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529.9 |
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| Operating Income |
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$ |
969.3 |
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$ |
365.0 |
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$ |
167.8 |
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$ |
1,502.1 |
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| Reconciliation of segment operating income to consolidated income before income taxes: |
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| Unallocated amounts: |
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General corporate expense (2)
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$ |
(568.5) |
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| Other income, net |
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25.7 |
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Interest expense (3)
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(241.4) |
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| Consolidated income before income taxes |
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$ |
717.9 |
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Twelve Months Ended December 31, 2022 |
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Workforce Solutions |
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U.S. Information Solutions |
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International |
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Total |
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(In millions) |
| Operating Revenue |
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$ |
2,325.4 |
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$ |
1,657.7 |
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$ |
1,139.1 |
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$ |
5,122.2 |
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Less: (1)
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| Cost of services |
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794.9 |
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|
668.0 |
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557.0 |
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2,019.9 |
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| Selling, general and administrative expenses |
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362.3 |
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396.2 |
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303.1 |
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1,061.6 |
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| Depreciation and amortization expenses |
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162.2 |
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191.4 |
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132.0 |
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|
485.6 |
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| Operating Income |
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$ |
1,006.0 |
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$ |
402.1 |
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$ |
147.0 |
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$ |
1,555.1 |
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| Reconciliation of segment operating income to consolidated income before income taxes: |
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| Unallocated amounts: |
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General corporate expense (2)
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$ |
(499.1) |
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| Other income, net |
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56.7 |
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Interest expense (3)
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(183.0) |
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| Consolidated income before income taxes |
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$ |
929.7 |
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(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(2)General corporate expenses include corporate depreciation and amortization expenses that are not related to a specific business unit and are incurred at the corporate level, as well as unallocated costs incurred at the corporate level and those expenses impacted by the overall management and strategic choices of the company, including shared services overhead, technology, security, data and analytics, administrative, legal, restructuring charges to the extent reported in the period, and the portion of management incentive compensation determined by total company-wide performance.
(3)Interest expense includes interest incurred on our outstanding debt agreements.
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December 31, |
| Total assets: |
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2024 |
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2023 |
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(In millions) |
| Workforce Solutions |
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$ |
4,104.9
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$ |
4,144.7 |
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| U.S. Information Solutions |
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3,386.2
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3,296.1 |
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| International |
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3,451.6
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3,909.0 |
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| General Corporate |
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816.7
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930.2 |
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| Total assets |
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$ |
11,759.4
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$ |
12,280.0 |
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Twelve Months Ended
December 31, |
| Capital expenditures: |
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2024 |
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2023 |
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2022 |
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(In millions) |
| Workforce Solutions |
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$ |
96.0
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$ |
127.5
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$ |
113.5
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| U.S. Information Solutions |
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161.2
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|
131.3
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125.7
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| International |
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127.5
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121.5
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144.8
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| General Corporate |
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111.2
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205.5
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233.4
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| Total capital expenditures* |
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$ |
495.9
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$ |
585.8
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$ |
617.4
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*Amounts above include accruals for capital expenditures.
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| Financial Information by Geographic Area |
Financial information by geographic area is as follows:
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Twelve Months Ended
December 31, |
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2024 |
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2023 |
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2022 |
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(In millions) |
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Operating revenue: |
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Amount |
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% |
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Amount |
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% |
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Amount |
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% |
| U.S. |
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$ |
4,326.8
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76
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% |
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$ |
4,036.2 |
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77 |
% |
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$ |
3,983.1 |
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78 |
% |
| Australia |
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309.1
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5
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% |
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317.6 |
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6 |
% |
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325.2 |
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6 |
% |
| U.K. |
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302.8
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5
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% |
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265.8 |
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5 |
% |
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265.5 |
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5 |
% |
| Canada |
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264.9
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5
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% |
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259.6 |
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5 |
% |
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256.1 |
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5 |
% |
| Other |
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477.5
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9
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% |
|
386.0 |
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7 |
% |
|
292.3 |
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6 |
% |
| Total operating revenue |
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$ |
5,681.1
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|
100
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% |
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$ |
5,265.2 |
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100 |
% |
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$ |
5,122.2 |
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100 |
% |
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December 31, |
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2024 |
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2023 |
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(In millions) |
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| Long-lived assets: |
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Amount |
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% |
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Amount |
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% |
| U.S. |
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$ |
7,378.9
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|
71
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% |
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$ |
7,460.9 |
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68 |
% |
| Australia |
|
1,546.1
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|
15
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% |
|
1,732.3 |
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|
16 |
% |
| Brazil |
|
513.1
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|
5
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% |
|
743.9 |
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|
7 |
% |
| U.K. |
|
281.7
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|
3
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% |
|
283.9 |
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3 |
% |
| Canada |
|
210.6
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|
2
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% |
|
224.2 |
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|
2 |
% |
| Other |
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468.4
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4
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% |
|
478.5 |
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4 |
% |
| Total long-lived assets |
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$ |
10,398.8
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|
100
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% |
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$ |
10,923.7 |
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|
100 |
% |
|