Segment Financial Data

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Financial Data

Note 4. Segment Financial Data

The Company monitors its business operations through two operating segments, Products & Solutions and ADI Global Distribution and reports Corporate separately from the two operating segments.

Products & Solutions—The Products & Solutions business is a leading global provider of products, software solutions and technologies that help homeowners stay connected and in control of their comfort, security and energy use.

ADI Global Distribution—The ADI Global Distribution business is the leading wholesale distributor of low-voltage security products including intrusion, access control and video products and participates significantly in the broader related markets of smart home, fire, access control, power, audio, ProAV, networking, communications, wire and cable, and data communications.

Corporate—Corporate includes expenses associated with legal, finance, information technology, human resources, strategy and communications related to the Corporate office as well as supporting the operating segments, but do not relate directly to revenue-generating activities.

Segment information is consistent with how management reviews the businesses, makes investing and resource allocation decisions and assesses operating performance.

	Years Ended December 31,
	2021		2020		2019
Revenue
Total Products & Solutions revenue	$	2,841	$	2,488	$	2,487
Less: Intersegment revenue		373		367		312
External Products & Solutions revenue		2,468		2,121		2,175
External ADI Global Distribution revenue		3,378		2,950		2,813
Total revenue	$	5,846	$	5,071	$	4,988

	Years Ended December 31,
	2021			2020			2019
Operating profit
Products & Solutions	$	541		$	407		$	327
ADI Global Distribution		268			194			210
Corporate		(250	)		(290	)		(279	)
Total	$	559		$	311		$	258

	Years Ended December 31,
	2021		2020		2019
Depreciation and amortization
Products & Solutions	$	65	$	63	$	62
ADI Global Distribution		11		12		10
Corporate		12		11		8
Total	$	88	$	86	$	80

	Years Ended December 31,
	2021		2020		2019
Capital expenditures
Products & Solutions	$	37	$	41	$	71
ADI Global Distribution		24		15		5
Corporate		2		14		19
Total	$	63	$	70	$	95

The Company’s CODM does not use segment assets information to allocate resources or to assess performance of the segments and therefore, total segment assets have not been disclosed.