SEGMENT REPORTING

3 Months Ended

Mar. 31, 2020

NOTE 8 – SEGMENT REPORTING

Beginning in the first quarter of 2020, we have changed our measure of segment profitability to Adjusted Income from Operations. The segments were updated to reflect how the chief operating decision maker evaluates performance and determines resource allocation. Adjusted Income from Operations is (Loss) income from operations excluding certain specified items, including Intangible Amortization. As a result of this change in segment reporting, all applicable historical segment information has been revised to conform to the new presentation.

Our reportable segments are:

•

North America

•

International

•

All Other (which includes Domestic CRS along with costs related to corporate enabling shared services functions and stock-based compensation)

During the three months ended March 31, 2020, we presented Puerto Rico in North America that had historically been recorded in International. We have reclassified Revenue and Adjusted Income from Operations to North America for the three months ended March 31, 2019 to conform to the current period presentation.

The following tables show financial information for the Company's reportable segments:

In millions
	Three Months Ended March 31,
	2020			2019
Revenues
North America	$	627.5		$	631.5
International		130.4			148.6
All Other		27.1			50.0
Total	$	785.0		$	830.1
Adjusted Income (Loss) from Operations
North America	$	144.5		$	134.9
International		15.1			17.1
All Other		(65.8	)		(47.0	)
Total	$	93.8		$	105.0

The following table reconciles the Company's primary measure of segment profitability Adjusted Income from Operations to (Loss) from operations:

In millions
	Three Months Ended March 31,
	2020			2019
Total Reportable Segment Adjusted Income from Operations	$	93.8		$	105.0
Business Transformation		(18.0	)		(20.5	)
Intangible Amortization		(31.9	)		(37.8	)
Acquisition and Integration		-			(1.9	)
Operational Optimization		-			(3.6	)
Divestitures (including Divestiture (losses) gains, net)		(61.3	)		2.8
Litigation, Settlements and Regulatory Compliance		(4.4	)		(9.8	)
Goodwill Impairment		-			(20.9	)
Asset Impairments		(4.0	)		(1.6	)
Other		(4.6	)		(15.9	)
Loss from operations	$	(30.4	)	$	(4.2	)

Other than the impact of the held-for-sale impairment discussed in Note 3 – Restructuring, Divestitures and Disposal Groups Held-For-Sale, there were no significant changes in total assets by reportable segment from the information provided in the Company’s 2019 Form 10-K.