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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

The table below shows revenue and Adjusted Operating Income by reportable segment. Adjusted Operating Income is a financial metric utilized by the Company’s CODM to assess the profitability of each reportable segment. Refer to Note 2 for further details on the components of the Company’s revenue.


	Three Months Ended June 30,
	2024								2023
	MA		MIS		Eliminations		Consolidated		MA		MIS		Eliminations		Consolidated
Total external revenue	$	802	$	1,015	$	—	$	1,817	$	747	$	747	$	—	$	1,494
Intersegment revenue	4		49		(53)		—		4		46		(50)		—
Revenue	806		1,064		(53)		1,817		751		793		(50)		1,494
Operating, SG&A	576		392		(53)		915		541		350		(50)		841
Adjusted Operating Income	$	230	$	672	$	—	$	902	$	210	$	443	$	—	$	653
Add:
Depreciation and amortization	90		20		—		110		74		19		—		93

Restructuring	1		1		—		2		8		2		—		10
Charges related to asset abandonment	15		—		—		15		—		—		—		—


Operating Income							$	775							$	550



	Six Months Ended June 30,
	2024								2023
	MA		MIS		Eliminations		Consolidated		MA		MIS		Eliminations		Consolidated
Total external revenue	$	1,601	$	2,002	$	—	$	3,603	$	1,484	$	1,480	$	—	$	2,964
Intersegment revenue	7		96		(103)		—		7		91		(98)		—
Revenue	1,608		2,098		(103)		3,603		1,491		1,571		(98)		2,964
Operating, SG&A	1,140		758		(103)		1,795		1,067		686		(98)		1,655
Adjusted Operating Income	$	468	$	1,340	$	—	$	1,808	$	424	$	885	$	—	$	1,309
Add:
Depreciation and amortization	172		38		—		210		144		37		—		181
Restructuring	3		4		—		7		16		8		—		24
Charges related to asset abandonment	15		—		—		15		—		—		—		—



Operating Income							$	1,576							$	1,104

Restructuring Expenses Included in Consolidated Statements of Operations

Total expense included in the accompanying consolidated statements of operations relating to the aforementioned restructuring program is below:


2022 - 2023 Geolocation Restructuring Program	Three months ended June 30,				Six months ended June 30,				Cumulative expense incurred
	2024		2023		2024		2023
Employee Termination Costs	$	2	$	9	$	7	$	22	$	143
Real Estate Related Costs	—		1		—		2		63
Other Costs	—		—		—		—		1
Total Restructuring	$	2	$	10	$	7	$	24	$	207

The table below shows cumulative restructuring expense incurred through June 30, 2024 by reportable segment.


	MA		MIS		Total



2022 - 2023 Geolocation Restructuring Program	$	111	$	96	$	207

Company's Reportable Segment Revenues Disaggregated by Segment and Geographic Region

The following table presents the Company’s reportable segment revenues disaggregated by segment and geographic region:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
MA:
U.S.	$	338	$	320	$	675	$	637
Non-U.S.:
EMEA	319		298		635		585
Asia-Pacific	82		70		167		148
Americas	63		59		124		114
Total Non-U.S.	464		427		926		847
Total MA	802		747		1,601		1,484
MIS:
U.S.	636		455		1,268		901
Non-U.S.:
EMEA	247		181		473		354
Asia-Pacific	82		75		152		146
Americas	50		36		109		79
Total Non-U.S.	379		292		734		579
Total MIS	1,015		747		2,002		1,480
Total MCO	$	1,817	$	1,494	$	3,603	$	2,964


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
United States	$	974	$	775	$	1,943	$	1,538
Non-U.S.:
EMEA	566		479		1,108		939
Asia-Pacific	164		145		319		294
Americas	113		95		233		193
Total Non-U.S.	843		719		1,660		1,426
Total	$	1,817	$	1,494	$	3,603	$	2,964