Segment Information

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Segment Information

The Company considers its operating structure and the information subject to regular review by its President and Chief Executive Officer, who is the Chief Operating Decision Maker (CODM), to identify reportable operating segments. The CODM makes decisions, allocates resources and assesses performance by the following regions, which are also the Company’s four reportable operating segments: NA, AP, EMEA and LA. The four geographic segments sell and service FSS and security systems around the globe, as well as elections, lottery and information technology solutions in Brazil other, through wholly-owned subsidiaries, majority-owned joint ventures and independent distributors in most major countries. Beginning in the first quarter of 2015, LA and Brazil operations are reported under one single reportable operating segment and comparative periods have been reclassified for consistency. The presentation of comparative periods also reflects the reclassification of certain global expenses from segment operating profit to corporate charges not allocated to segments due to the 2015 realignment activities.

Certain information not routinely used in the management of the segments, information not allocated back to the segments or information that is impractical to report is not shown. Segment operating profit is defined as revenues less expenses identifiable to those segments. Segment operating income reconciles to consolidated income before income taxes by deducting corporate costs and other income or expense items that are not attributed to the segments (refer to note 16). Total assets are not allocated to segments and are not included in the assessment of segment performance and therefore are excluded from the segment information disclosed as follows.

The following tables represent information regarding the Company’s segment information and provides a reconciliation between segment operating profit and the consolidated income before income taxes:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Revenue summary by segment
NA	$	361.4		$	361.5		$	1,092.7		$	1,025.0
AP	107.6			135.0			327.5			361.5
EMEA	89.5			99.8			282.4			302.3
LA	122.4			171.7			367.2			501.0
Total revenue	$	680.9		$	768.0		$	2,069.8		$	2,189.8
Intersegment revenue
NA	$	21.6		$	18.0		$	66.5		$	52.1
AP	22.5			22.1			82.2			69.4
EMEA	18.3			22.8			53.5			42.6
LA	0.2			0.2			0.4			0.4
Total intersegment revenue	$	62.6		$	63.1		$	202.6		$	164.5
Segment operating profit
NA	$	66.7		$	71.2		$	208.1		$	202.7
AP	14.2			20.8			46.7			50.9
EMEA	11.1			14.4			37.6			47.6
LA	4.8			18.7			21.1			38.9
Total segment operating profit	$	96.8		$	125.1		$	313.5		$	340.1
Corporate charges not allocated to segments (1)	(65.2		)	(73.8		)	(208.4		)	(213.6		)
Asset impairment charges	—			—			(18.9		)	—
Restructuring charges	(7.6		)	(1.0		)	(17.9		)	(6.8		)
Net non-routine (expense) income	(4.4		)	(3.6		)	(14.4		)	7.5
	(77.2		)	(78.4		)	(259.6		)	(212.9		)
Operating profit	$	19.6		$	46.7		$	53.9		$	127.2
Other (expense) income	(2.6		)	1.1			(14.4		)	(6.5		)
Income before taxes	$	17.0		$	47.8		$	39.5		$	120.7

(1) Corporate charges not allocated to segments include headquarter-based costs associated with manufacturing administration, procurement, human resources, finance and accounting, global development/engineering, global strategy/mergers and acquisitions, global information technology, tax, treasury and legal.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Segment depreciation and amortization expense
NA	$	3.9	$	2.0	$	8.1	$	7.1
AP	1.7		2.0		5.1		5.8
EMEA	0.9		1.0		2.5		3.1
LA	1.4		3.5		5.3		8.9
Total segment depreciation and amortization expense	7.9		8.5		21.0		24.9
Corporate depreciation and amortization expense	8.1		10.2		28.2		30.5
Total depreciation and amortization expense	$	16.0	$	18.7	$	49.2	$	55.4

	September 30, 2015		December 31, 2014
Segment property, plant and equipment, at cost
NA	$	119.1	$	128.8
AP	50.0		46.9
EMEA	35.1		38.2
LA	52.9		78.7
Total segment property, plant and equipment, at cost	$	257.1	$	292.6
Corporate property plant and equipment, at cost, not allocated to segments	354.2		320.3
Total property, plant and equipment, at cost	$	611.3	$	612.9

The following table presents information regarding the Company’s revenue by service and product solution:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Financial self-service
Services	$	293.3	$	310.7	$	883.9	$	901.8
Products	216.6		239.7		689.3		658.0
Total financial self-service	509.9		550.4		1,573.2		1,559.8
Security
Services	111.1		105.8		324.6		307.9
Products	54.7		52.2		154.8		145.6
Total security	165.8		158.0		479.4		453.5
Total financial self-service and security	675.7		708.4		2,052.6		2,013.3
Brazil other	5.2		59.6		17.2		176.5
	$	680.9	$	768.0	$	2,069.8	$	2,189.8