Reconciliation of Revenues and Income from Segments to Consolidated |
Asset information by segment is not presented, as this measure is not used by the chief operating decision maker to assess the Company’s performance. The Company’s reportable segment information is presented below: | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, | (in millions) | | 2022 | | 2021 | | 2020 | Revenues | | | | | | | Technology & Analytics Solutions | | $ | 5,746 | | | $ | 5,534 | | | $ | 4,858 | | Research & Development Solutions | | 7,921 | | | 7,556 | | | 5,760 | | Contract Sales & Medical Solutions | | 743 | | | 784 | | | 741 | | Total revenues | | 14,410 | | | 13,874 | | | 11,359 | | Cost of revenues, exclusive of depreciation and amortization | | | | | | | Technology & Analytics Solutions | | 3,348 | | | 3,278 | | | 2,900 | | Research & Development Solutions | | 5,395 | | | 5,303 | | | 3,974 | | Contract Sales & Medical Solutions | | 639 | | | 652 | | | 626 | | Total cost of revenues, exclusive of depreciation and amortization | | 9,382 | | | 9,233 | | | 7,500 | | Selling, general and administrative expenses | | | | | | | Technology & Analytics Solutions | | 848 | | | 798 | | | 742 | | Research & Development Solutions | | 831 | | | 777 | | | 738 | | Contract Sales & Medical Solutions | | 62 | | | 57 | | | 58 | | General corporate and unallocated | | 330 | | | 332 | | | 251 | | Total selling, general and administrative expenses | | 2,071 | | | 1,964 | | | 1,789 | | Segment profit | | | | | | | Technology & Analytics Solutions | | 1,550 | | | 1,458 | | | 1,216 | | Research & Development Solutions | | 1,695 | | | 1,476 | | | 1,048 | | Contract Sales & Medical Solutions | | 42 | | | 75 | | | 57 | | Total segment profit | | 3,287 | | | 3,009 | | | 2,321 | | General corporate and unallocated | | (330) | | | (332) | | | (251) | | Depreciation and amortization | | (1,130) | | | (1,264) | | | (1,287) | | | | | | | | | Restructuring costs | | (28) | | | (20) | | | (52) | | Total income from operations | | $ | 1,799 | | | $ | 1,393 | | | $ | 731 | |
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