XML 56 R41.htm IDEA: XBRL DOCUMENT v3.19.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Summary of Operations by Business Segment
A summary of the company’s operations by business segment for the three and six month periods ended June 30, 2019 and 2018 is presented below:
 
 
Total
 
Corporate
 
Services
 
Technology
Three Months Ended June 30, 2019
 
 
 
 
 
 
 
 
Customer revenue
 
$
753.8

 
$

 
$
653.4

 
$
100.4

Intersegment
 

 
(2.1
)
 

 
2.1

Total revenue
 
$
753.8

 
$
(2.1
)
 
$
653.4

 
$
102.5

Operating income (loss)
 
$
87.0

 
$
(7.3
)
 
$
39.2

 
$
55.1

 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2018
 
 
 
 
 
 
 
 
Customer revenue
 
$
667.4

 
$

 
$
586.7

 
$
80.7

Intersegment
 

 
(4.0
)
 

 
4.0

Total revenue
 
$
667.4

 
$
(4.0
)
 
$
586.7

 
$
84.7

Operating income (loss)
 
$
54.0

 
$
(2.8
)
 
$
18.6

 
$
38.2

 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2019
 
 
 
 
 
 
 
 
Customer revenue
 
$
1,449.6

 
$

 
$
1,265.5

 
$
184.1

Intersegment
 

 
(4.5
)
 

 
4.5

Total revenue
 
$
1,449.6

 
$
(4.5
)
 
$
1,265.5

 
$
188.6

Operating income (loss)
 
$
129.9

 
$
(9.0
)
 
$
54.4

 
$
84.5

 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
 
 
 
 
 
 
 
Customer revenue
 
$
1,375.8

 
$

 
$
1,155.2

 
$
220.6

Intersegment
 

 
(14.0
)
 

 
14.0

Total revenue
 
$
1,375.8

 
$
(14.0
)
 
$
1,155.2

 
$
234.6

Operating income (loss)
 
$
155.8

 
$
(0.1
)
 
$
35.7

 
$
120.2

Reconciliation of Segment Operating Income to Consolidated Income (Loss) Before Income Taxes
Presented below is a reconciliation of total business segment operating income to consolidated income before income taxes:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2019
 
2018
 
2019
 
2018
Total segment operating income
 
$
94.3

 
$
56.8

 
$
138.9

 
$
155.9

Interest expense
 
(16.2
)
 
(15.7
)
 
(31.7
)
 
(32.3
)
Other income (expense), net
 
(28.9
)
 
(18.0
)
 
(59.3
)
 
(40.6
)
Cost-reduction (charges) benefit
 
(2.6
)
 
(0.7
)
 
(5.2
)
 
2.2

Corporate and eliminations
 
(4.7
)
 
(2.1
)
 
(3.8
)
 
(2.3
)
Total income before income taxes
 
$
41.9

 
$
20.3

 
$
38.9

 
$
82.9

Customer Revenue by Classes of Similar Products or Services
Customer revenue by classes of similar products or services, by segment, is presented below:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2019
 
2018
 
2019
 
2018
Services
 
 
 
 
 
 
 
 
Cloud & infrastructure services
 
$
391.3

 
$
333.5

 
$
752.5

 
$
651.9

Application services
 
196.7

 
194.0

 
385.8

 
386.9

Business process outsourcing services
 
65.4

 
59.2

 
127.2

 
116.4

 
 
653.4

 
586.7

 
1,265.5

 
1,155.2

Technology
 
100.4

 
80.7

 
184.1

 
220.6

Total
 
$
753.8

 
$
667.4

 
$
1,449.6

 
$
1,375.8

Revenue by Geographic Segment
Geographic information about the company’s revenue, which is principally based on location of the selling organization, is presented below:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2019
 
2018
 
2019
 
2018
United States
 
$
393.0

 
$
305.3

 
$
725.6

 
$
591.8

United Kingdom
 
104.3

 
80.9

 
199.6

 
195.7

Other foreign
 
256.5

 
281.2

 
524.4

 
588.3

Total
 
$
753.8

 
$
667.4

 
$
1,449.6

 
$
1,375.8