Segment Information

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

SEGMENT INFORMATION

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, retail solutions 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. In January 2015, the Company announced the realignment of its Brazil and LA businesses to drive greater efficiency and further improve customer service. The Company reported results from its LA and Brazil operations under one single reportable operating segment and reclassified comparative periods 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 the those segments. Segment operating income reconciles to consolidated income (loss) from continuing operations before income taxes by deducting corporate costs and other income or expense items that are not attributed to the segments. Further details regarding the Company's net non-routine income (expense) appear in note 18. 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 below.

The following tables represent information regarding the Company’s segment information and provides a reconciliation between segment operating profit and the consolidated income (loss) from continuing operations before income taxes for the years ended December 31:

	2016			2015			2014
Revenue summary by segment
NA	$	1,118.2		$	1,094.5		$	1,091.4
AP	470.0			439.6			500.3
EMEA	1,181.2			393.1			421.2
LA	546.9			492.1			721.9
Total customer revenues	$	3,316.3		$	2,419.3		$	2,734.8
Intersegment revenues
NA	$	52.1		$	81.4		$	68.4
AP	80.7			99.7			85.4
EMEA	84.6			73.4			56.6
LA	0.8			0.5			0.5
Total intersegment revenues	$	218.2		$	255.0		$	210.9
Segment operating profit
NA	$	214.3		$	250.1		$	266.3
AP	52.6			63.1			66.4
EMEA	115.8			55.3			61.4
LA	53.3			37.4			68.7
Total segment operating profit	$	436.0		$	405.9		$	462.8
Corporate charges not allocated to segments (1)	(277.3		)	(270.8		)	(296.6		)
Impairment of assets	(9.8		)	(18.9		)	(2.1		)
Restructuring charges	(59.4		)	(21.2		)	(11.6		)
Net non-routine income (expense)	(249.3		)	(36.4		)	12.5
	(595.8		)	(347.3		)	(297.8		)
Operating profit (loss)	(159.8		)	58.6			165.0
Other income (expense)	(78.5		)	(12.8		)	(10.3		)
Income (loss) from continuing operations before taxes	$	(238.3	)	$	45.8		$	154.7

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

	2016		2015		2014
Segment depreciation and amortization expense
NA	$	9.8	$	9.7	$	8.7
AP	8.7		6.9		7.7
EMEA	23.4		3.1		4.0
LA	6.4		6.9		12.0
Total segment depreciation and amortization expense	48.3		26.6		32.4
Corporate depreciation and amortization expense	86.5		37.4		41.0
Total depreciation and amortization expense	$	134.8	$	64.0	$	73.4

	2016		2015		2014
Segment property, plant and equipment, at cost
NA	$	111.0	$	110.7	$	120.6
AP	58.9		53.3		46.9
EMEA	178.2		35.2		38.2
LA	59.1		51.9		78.7
Total segment property, plant and equipment, at cost	407.2		251.1		284.4
Corporate property, plant and equipment, at cost, not allocated to segments	456.8		357.9		320.4
Total property, plant and equipment, at cost	$	864.0	$	609.0	$	604.8

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

Revenue summary by service and product solution	2016		2015		2014
Financial self-service
Services	$	1,504.0	$	1,185.0	$	1,219.9
Products	1,022.5		923.7		977.3
Total financial self-service	2,526.5		2,108.7		2,197.2
Retail
Services	202.5		—		—
Products	235.6		—		—
Total retail	438.1		—		—
Security
Services	201.4		209.3		212.9
Products	72.0		83.5		99.5
Total security	273.4		292.8		312.4
Brazil other	78.3		17.8		225.2
	$	3,316.3	$	2,419.3	$	2,734.8

The Company had no customers that accounted for more than 10 percent of total net sales in 2016, 2015 and 2014.

Below is a summary of net sales by point of origin for the years ended December 31:

	2016		2015		2014
Net sales
United States	$	1,020.1	$	1,014.3	$	1,035.9
Brazil	263.0		211.5		482.5
China	175.2		279.0		314.2
Other international	1,858.0		914.5		902.2
Total net sales	$	3,316.3	$	2,419.3	$	2,734.8

Below is a summary of property, plant and equipment, net by geographical location as of December 31:

	2016		2015		2014
Property, plant and equipment, net
United States	$	111.2	$	130.4	$	116.5
Germany	199.7		—		—
Brazil	18.4		12.9		17.2
Other international	57.7		32.0		32.0
Total property, plant and equipment, net	$	387.0	$	175.3	$	165.7

In August 2016, in connection with the business combination agreement related to the Acquisition, the Company announced the realignment of its lines of business to drive greater efficiency and further improve customer service. As a result of the Acquisition, the Company has reorganized the management team reporting to the CODM and has begun evaluating and assessing the lines of business reporting structure. The Company does not anticipate the assessment to be completed until the first quarter of 2017. Beginning with the first quarter of 2017, the Company anticipates its reportable operating segments will be based on the conclusion of the assessment on the following lines of business: Services, Systems, and Software and will reclassify comparative periods for consistency. Until such assessment is completed, the CODM will continue to regularly review, make decisions, allocate resources and assess performance based on the current regional reportable operating segments.