Annual report pursuant to Section 13 and 15(d)

SEGMENT INFORMATION

v3.10.0.1
SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
 
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

•
Global Consumer 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. The measurement criteria for segment profit or loss and segment assets are substantially the same for each reportable segment. Inter-segment sales 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:
 
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 Asia Pacific, Europe, Latin America and Canada, 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.
 
Global Consumer Solutions.  This segment includes credit information, credit monitoring and identity theft protection products sold directly to consumers primarily via the internet in the U.S., Canada, and the U.K. We also sell consumer and credit information to resellers who combine our information with other information to provide direct to consumer monitoring, reports and scores.

Segment information for the twelve months ended December 31, 2018, 2017 and 2016 and as of December 31, 2018 and 2017 is as follows:
 
 
Twelve Months Ended
December 31,
Operating revenue:
 
2018
 
2017
 
2016
 
 
(In millions)
U.S. Information Solutions
 
$
1,247.3

 
$
1,262.7

 
$
1,236.5

International
 
966.2

 
932.3

 
803.6

Workforce Solutions
 
826.8

 
764.2

 
702.2

Global Consumer Solutions
 
371.8

 
403.0

 
402.6

Total operating revenue
 
$
3,412.1

 
$
3,362.2

 
$
3,144.9

 
 
 
Twelve Months Ended
December 31,
Operating income:
 
2018
 
2017
 
2016
 
 
(In millions)
U.S. Information Solutions
 
$
441.7

 
$
539.1

 
$
537.0

International
 
108.6

 
169.3

 
111.5

Workforce Solutions
 
332.7

 
331.9

 
295.5

Global Consumer Solutions
 
68.6

 
106.2

 
112.4

General Corporate Expense
 
(503.6
)
 
(314.8
)
 
(231.3
)
Total operating income
 
$
448.0

 
$
831.7

 
$
825.1

 
 
 
December 31,
Total assets:
 
2018
 
2017
 
 
(In millions)
U.S. Information Solutions
 
$
1,654.8

 
$
1,587.3

International
 
2,959.1

 
3,145.7

Workforce Solutions
 
1,249.5

 
1,227.4

Global Consumer Solutions
 
255.0

 
254.0

General Corporate
 
1,034.8

 
1,019.0

Total assets
 
$
7,153.2

 
$
7,233.4

 
 
 
Twelve Months Ended
December 31,
Depreciation and amortization expense:
 
2018
 
2017
 
2016
 
 
(In millions)
U.S. Information Solutions
 
$
79.2

 
$
83.7

 
$
82.1

International
 
118.5

 
109.9

 
101.6

Workforce Solutions
 
45.8

 
42.1

 
42.7

Global Consumer Solutions
 
14.9

 
13.2

 
9.6

General Corporate
 
52.0

 
38.9

 
29.4

Total depreciation and amortization expense
 
$
310.4

 
$
287.8

 
$
265.4

 
 
 
Twelve Months Ended
December 31,
Capital expenditures:
 
2018
 
2017
 
2016
 
 
(In millions)
U.S. Information Solutions
 
$
42.0

 
$
18.6

 
$
19.1

International
 
104.4

 
59.7

 
50.3

Workforce Solutions
 
44.0

 
28.9

 
22.2

Global Consumer Solutions
 
29.4

 
15.0

 
12.3

General Corporate
 
148.3

 
91.8

 
87.6

Total capital expenditures*
 
$
368.1

 
$
214.0

 
$
191.5


*Amounts above include accruals for capital expenditures.
 
Financial information by geographic area is as follows:
 
 
Twelve Months Ended
December 31,
 
 
2018
 
2017
 
2016
 
 
 
 
 
 
(In millions)
 
 
 
 
Operating revenue (based on location of customer):
 
Amount
 
%
 
Amount
 
%
 
Amount
 
%
U.S.
 
$
2,405.1

 
71
%
 
$
2,379.7

 
71
%
 
$
2,290.9

 
73
%
U.K.
 
316.4

 
9
%
 
311.2

 
9
%
 
232.1

 
7
%
Australia
 
321.2

 
9
%
 
304.0

 
9
%
 
214.3

 
7
%
Canada
 
158.5

 
5
%
 
148.9

 
4
%
 
134.3

 
4
%
Other
 
210.9

 
6
%
 
218.4

 
7
%
 
273.3

 
9
%
Total operating revenue
 
$
3,412.1

 
100
%
 
$
3,362.2

 
100
%
 
$
3,144.9

 
100
%

 
 
December 31,
 
 
2018
 
2017
 
 
 
 
(In millions)
 
 
Long-lived assets:
 
Amount
 
%
 
Amount
 
%
U.S.
 
$
3,457.0

 
55
%
 
$
3,274.5

 
53
%
U.K.
 
289.0

 
5
%
 
303.2

 
5
%
Australia
 
2,009.7

 
32
%
 
2,207.1

 
35
%
Canada
 
105.7

 
2
%
 
67.4

 
1
%
Other
 
389.5

 
6
%
 
382.8

 
6
%
Total long-lived assets
 
$
6,250.9

 
100
%
 
$
6,235.0

 
100
%