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Segment Information (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
The following tables set forth our financial performance by segment. We manage our operations through two segments—U.S. and International.
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(in millions)
 
2015
 
2014
 
2015
 
2014
Revenues:
 
 
 
 
 
 
 
 
U.S.
 
$
353.9

 
$
296.3

 
$
1,013.9

 
$
842.4

International
 
32.8

 
40.2

 
101.4

 
116.4

Total revenues
 
$
386.7

 
$
336.5

 
$
1,115.3

 
$
958.8

Adjusted OIBDA by Segment and Reconciliation to Consolidated Net Income
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(in millions)
 
2015
 
2014
 
2015
 
2014
Net income
 
$
21.2

 
$
248.3

 
$
44.5

 
$
279.1

Provision (benefit) for income taxes
 
3.9

 
(226.4
)
 
7.0

 
(202.9
)
Equity in earnings of investee companies, net of tax
 
(1.7
)
 
(0.6
)
 
(3.6
)
 
(1.4
)
Interest expense, net
 
28.9

 
26.3

 
85.6

 
57.3

Other expense, net
 
0.4

 

 
0.4

 
0.5

Operating income
 
52.7

 
47.6

 
133.9

 
132.6

Restructuring charges
 

 
6.2

 
2.6

 
6.2

Acquisition costs(a)
 

 
1.4

 

 
1.4

Net (gain) loss on dispositions
 

 
(0.5
)
 
0.6

 
(1.4
)
Depreciation and amortization
 
57.5

 
49.5

 
171.2

 
146.6

Stock-based compensation(a)
 
3.7

 
2.7

 
11.7

 
7.4

Total Adjusted OIBDA
 
$
113.9

 
$
106.9

 
$
320.0

 
$
292.8

 
 
 
 
 
 
 
 
 
Adjusted OIBDA:
 
 
 
 
 
 
 
 
U.S.
 
$
121.6

 
$
106.3

 
$
337.0

 
$
293.0

International
 
3.9

 
6.3

 
11.5

 
16.9

Corporate
 
(11.6
)
 
(5.7
)
 
(28.5
)
 
(17.1
)
Total Adjusted OIBDA
 
$
113.9

 
$
106.9

 
$
320.0

 
$
292.8


(a)
Stock-based compensation and costs related to the Acquisition are classified as Corporate expenses.
Tabular Disclosure by Reportable Segments
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(in millions)
 
2015
 
2014
 
2015
 
2014
Operating income (loss):
 
 
 
 
 
 
 
 
U.S.
 
$
69.9

 
$
64.3

 
$
180.9

 
$
168.5

International
 
(1.9
)
 
(0.7
)
 
(6.8
)
 
(3.8
)
Corporate
 
(15.3
)
 
(16.0
)
 
(40.2
)
 
(32.1
)
Total operating income
 
$
52.7

 
$
47.6

 
$
133.9

 
$
132.6

 
 
 
 
 
 
 
 
 
Net (gain) loss on dispositions:
 
 
 
 
 
 
 
 
U.S.
 
$

 
$
(0.5
)
 
$
0.5

 
$
(1.3
)
International
 

 

 
0.1

 
(0.1
)
Total (gain) loss on dispositions
 
$

 
$
(0.5
)
 
$
0.6

 
$
(1.4
)
 
 
 
 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
 
 
 
U.S.
 
$
51.7

 
$
42.5

 
$
153.0

 
$
125.8

International
 
5.8

 
7.0

 
18.2

 
20.8

Total depreciation and amortization
 
$
57.5

 
$
49.5

 
$
171.2

 
$
146.6

 
 
 
 
 
 
 
 
 
Capital expenditures:
 
 
 
 
 
 
 
 
U.S.
 
$
13.8

 
$
12.9

 
$
39.5

 
$
37.4

International
 
1.5

 
1.4

 
3.5

 
6.2

Total capital expenditures
 
$
15.3

 
$
14.3

 
$
43.0

 
$
43.6

Reconciliation of Assets from Segment to Consolidated
 
 
As of
(in millions)
 
September 30, 2015
 
December 31, 2014
Assets:
 
 
 
 
U.S.
 
$
3,675.1

 
$
3,704.2

International
 
244.7

 
270.4

Corporate
 
90.5

 
49.0

Total assets
 
$
4,010.3

 
$
4,023.6