Quarterly report pursuant to Section 13 or 15(d)


9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
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”)

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 2022 Form 10-K. 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 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 provides services enabling customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure and sanctions of people in the U.S., as well as providing our employer customers with services that assist them in complying with and automating certain payroll-related and human resource management processes throughout the entire cycle of the employment relationship, including unemployment cost management, employee screening, employee onboarding, tax credits and incentives, I-9 management and compliance, immigration case management, tax form management services and Affordable Care Act management services.

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.  We operate in the following regions: Asia Pacific, Europe, Canada, and Latin America. The International 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. 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, 2023 and 2022 are as follows:
  Three Months Ended Nine Months Ended
(In millions) September 30, September 30,
Operating revenue: 2023 2022 2023 2022
Workforce Solutions $ 577.2  $ 558.9  $ 1,756.3  $ 1,817.1 
U.S. Information Solutions 426.0  397.4  1,292.7  1,251.8
International 315.9  288.0  889.7  855.4 
Total operating revenue $ 1,319.1  $ 1,244.3  $ 3,938.7  $ 3,924.3 
  Three Months Ended Nine Months Ended
(In millions) September 30, September 30,
Operating income: 2023 2022 2023 2022
Workforce Solutions $ 241.2  $ 231.0  $ 734.6  $ 820.6 
U.S. Information Solutions 89.7  82.0  271.1  315.4 
International 40.2  42.5  107.2  111.9 
General Corporate Expense (124.7) (112.6) (424.4) (367.9)
Total operating income $ 246.4  $ 242.9  $ 688.5  $ 880.0 

Total assets by operating segment at September 30, 2023 and December 31, 2022 are as follows:
  September 30, December 31,
(In millions) 2023 2022
Total assets:    
Workforce Solutions $ 4,173.0  $ 4,156.5 
U.S. Information Solutions 3,314.0  3,291.4 
International 3,931.1  3,106.8 
General Corporate 930.8  993.2 
Total assets $ 12,348.9  $ 11,547.9