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Revenues by Geography, Concentration of Credit Risk and Remaining Performance Obligations
12 Months Ended
Dec. 31, 2018
Revenue From Contract With Customer [Abstract]  
Revenues by Geography, Concentration of Credit Risk and Remaining Performance Obligations

2. Revenues by Geography, Concentration of Credit Risk and Remaining Performance Obligations

The Company attributes revenues to geographical region based upon where the services are performed. The following tables represent revenues by geographical region and reportable segment for the years ended December 31, 2018, 2017 and 2016:

 

 

Year Ended December 31, 2018

 

(in millions)

 

Technology & Analytics Solutions

 

 

Research &

Development Solutions

 

 

Contract Sales & Medical Solutions

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

2,087

 

 

$

2,553

 

 

$

358

 

 

$

4,998

 

Europe and Africa

 

 

1,520

 

 

 

1,693

 

 

 

235

 

 

 

3,448

 

Asia-Pacific

 

 

530

 

 

 

1,219

 

 

 

217

 

 

 

1,966

 

Total revenues

 

$

4,137

 

 

$

5,465

 

 

$

810

 

 

$

10,412

 

 

 

 

Year Ended December 31, 2017

 

(in millions)

 

Technology & Analytics Solutions

 

 

Research &

Development Solutions

 

 

Contract Sales & Medical Solutions

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

1,801

 

 

$

2,375

 

 

$

430

 

 

$

4,606

 

Europe and Africa

 

 

1,372

 

 

 

1,663

 

 

 

251

 

 

 

3,286

 

Asia-Pacific

 

 

509

 

 

 

1,067

 

 

 

234

 

 

 

1,810

 

Total revenues

 

$

3,682

 

 

$

5,105

 

 

$

915

 

 

$

9,702

 

 

 

 

Year Ended December 31, 2016

 

(in millions)

 

Technology & Analytics Solutions

 

 

Research &

Development Solutions

 

 

Contract Sales & Medical Solutions

 

 

Total

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

608

 

 

$

2,205

 

 

$

441

 

 

$

3,254

 

Europe and Africa

 

 

392

 

 

 

1,587

 

 

 

240

 

 

 

2,219

 

Asia-Pacific

 

 

148

 

 

 

945

 

 

 

249

 

 

 

1,342

 

Total revenues

 

$

1,148

 

 

$

4,737

 

 

$

930

 

 

$

6,815

 

 

No individual country, except for the United States and the United Kingdom, accounted for 10% or more of total revenues for the year ended December 31, 2018. For the year ended December 31, 2018, revenues in the United States and the United Kingdom accounted for 43% and 11% of total revenue, respectively.

No individual country, except for the United States, accounted for 10% or more of total revenues for the years ended December 31, 2017 and 2016. For those periods, revenue in the United States accounted for 42% and 43% of total revenues, respectively.

No individual customer represented 10% or more of total revenues for the years ended December 31, 2018, 2017 or 2016.

Transaction Price Allocated to the Remaining Performance Obligations

As of December 31, 2018, approximately $18.6 billion of revenue is expected to be recognized in the future from remaining performance obligations. The Company expects to recognize revenue on approximately 35% of these remaining performance obligations over the next twelve months, with the balance recognized thereafter. The customer contract transaction price allocated to the remaining performance obligations differs from backlog in that it does not include wholly unperformed contracts under which the customer has a unilateral right to cancel the arrangement. The Company applied the practical expedient that permits the omission of prior period information about its remaining performance obligations. No other practical expedients were applied.