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Segment and Geographic Area Information (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

We have disclosed income (loss) from operations as the primary measure of segment earnings (loss). This is the measure of profitability used by our chief operating decision-maker and is most consistent with the presentation of profitability reported within the consolidated financial statements.

 

 

 

Total

Sales

 

 

Intersegment

Sales

 

 

Net

Sales

 

 

Income

(Loss)

from

Operations

 

 

Assets of

Operations

 

 

Depreciation

and

Amortization

 

 

Capital

Expenditures

 

Year ended December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Services

$

5,094.4

 

 

$

(98.7

)

 

$

4,995.7

 

 

$

132.7

 

 

$

2,329.7

 

 

$

108.3

 

 

$

79.8

 

Marketing Solutions

 

1,314.3

 

 

 

(33.8

)

 

 

1,280.5

 

 

 

67.0

 

 

 

748.1

 

 

 

53.9

 

 

 

36.5

 

Total operating segments

 

6,408.7

 

 

 

(132.5

)

 

 

6,276.2

 

 

 

199.7

 

 

 

3,077.8

 

 

 

162.2

 

 

 

116.3

 

Corporate

 

—

 

 

 

—

 

 

 

—

 

 

 

(101.1

)

 

 

252.3

 

 

 

7.0

 

 

 

22.5

 

Total operations

$

6,408.7

 

 

$

(132.5

)

 

$

6,276.2

 

 

$

98.6

 

 

$

3,330.1

 

 

$

169.2

 

 

$

138.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Services

$

5,720.4

 

 

$

(101.3

)

 

$

5,619.1

 

 

$

242.3

 

 

$

2,764.5

 

 

$

128.4

 

 

$

69.4

 

Marketing Solutions

 

1,218.6

 

 

 

(37.5

)

 

 

1,181.1

 

 

 

54.6

 

 

 

674.6

 

 

 

47.4

 

 

 

11.6

 

Total operating segments

 

6,939.0

 

 

 

(138.8

)

 

 

6,800.2

 

 

 

296.9

 

 

 

3,439.1

 

 

 

175.8

 

 

 

81.0

 

Corporate

 

—

 

 

 

—

 

 

 

—

 

 

 

(88.3

)

 

 

201.7

 

 

 

5.6

 

 

 

23.4

 

Total operations

$

6,939.0

 

 

$

(138.8

)

 

$

6,800.2

 

 

$

208.6

 

 

$

3,640.8

 

 

$

181.4

 

 

$

104.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Services

$

5,890.4

 

 

$

(127.7

)

 

$

5,762.7

 

 

$

248.6

 

 

$

2,989.5

 

 

$

139.9

 

 

$

70.3

 

Marketing Solutions

 

1,215.7

 

 

 

(38.8

)

 

 

1,176.9

 

 

 

30.8

 

 

 

717.0

 

 

 

47.4

 

 

 

14.6

 

Total operating segments

 

7,106.1

 

 

 

(166.5

)

 

 

6,939.6

 

 

 

279.4

 

 

 

3,706.5

 

 

 

187.3

 

 

 

84.9

 

Corporate

 

—

 

 

 

—

 

 

 

—

 

 

 

(68.0

)

 

 

198.0

 

 

 

4.1

 

 

 

23.6

 

Total operations

$

7,106.1

 

 

$

(166.5

)

 

$

6,939.6

 

 

$

211.4

 

 

$

3,904.5

 

 

$

191.4

 

 

$

108.5

 

 
Schedule of Corporate Assets

Corporate assets consisted of the following items at December 31, 2019, 2018 and 2017:

 

 

2019

 

 

2018

 

 

2017

 

Cash and cash equivalents

$

(47.6

)

 

$

(31.8

)

 

$

(37.5

)

Deferred income tax assets, net of valuation allowances

 

29.4

 

 

 

37.1

 

 

 

36.7

 

Software, net

 

48.0

 

 

 

49.0

 

 

 

41.6

 

Deferred compensation plan and Company owned life insurance assets

 

93.9

 

 

 

89.3

 

 

 

88.6

 

Property, plant and equipment, net

 

32.3

 

 

 

32.3

 

 

 

29.6

 

Other

 

96.3

 

 

 

25.8

 

 

 

39.0

 

Total Corporate assets

$

252.3

 

 

$

201.7

 

 

$

198.0

 

 
Net Sales by Geographic Region

The following table presents net sales by geographic region for the years ended December 31, 2019, 2018 and 2017. Net sales by geographic region are based upon the sales location.

 

 

2019

 

 

2018

 

 

2017

 

U.S.

$

4,654.9

 

 

$

4,990.4

 

 

$

5,233.0

 

Asia

 

907.8

 

 

 

968.5

 

 

 

857.3

 

Europe

 

435.2

 

 

 

485.9

 

 

 

455.0

 

Other

 

278.3

 

 

 

355.4

 

 

 

394.3

 

Consolidated net sales

$

6,276.2

 

 

$

6,800.2

 

 

$

6,939.6

 
Long-Lived Assets by Geographic Region

The following table presents long-lived assets by geographic region at December 31, 2019, 2018 and 2017. Long-lived assets include net property, plant and equipment, operating lease assets, noncurrent deferred tax assets and other noncurrent assets.

 

 

2019

 

 

2018

 

 

2017

 

U.S.

$

747.5

 

 

$

621.9

 

 

$

642.0

 

Asia

 

138.9

 

 

 

113.8

 

 

 

127.6

 

Europe

 

57.4

 

 

 

75.5

 

 

 

81.0

 

Other

 

76.0

 

 

 

63.2

 

 

 

105.2

 

Consolidated long-lived assets

$

1,019.8

 

 

$

874.4

 

 

$

955.8