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Reporting Segment And Geographic Information
 12 Months Ended
Dec. 29, 2023
Segment Reporting, Measurement Disclosures [Abstract]  
Reporting Segment And Geographic Information
NOTE 7: REPORTING SEGMENT AND GEOGRAPHIC INFORMATION
We determined our operating segments based on how our CODM views and evaluates operations. Various factors, including market separation and customer-specific applications, go-to-market channels, and products and services, were considered in determining these operating segments. Our CODM regularly reviews our segment operating results to make decisions about resources that are allocated to each segment and to assess performance. In each of our segments, we sell many individual products. For this reason, it is impracticable to segregate and identify revenue for each of the individual products or group of products we sell.
Our reportable segments are described below:
•Buildings and Infrastructure. This segment primarily serves customers working in architecture, engineering, construction, and operations and maintenance.
•Geospatial. This segment primarily serves customers working in surveying, engineering, and government.
•Resources and Utilities. This segment primarily serves customers working in agriculture, forestry, and utilities.
•Transportation. This segment primarily serves customers working in long haul trucking and freight shipper markets.
The following Reporting Segment tables reflect the results of our reportable operating segments under our management reporting system. These results are not necessarily in conformity with U.S. GAAP. This is consistent with the way the CODM evaluates each of the segment's performance and allocates resources.
 Reporting Segments
 Buildings and InfrastructureGeospatialResources and UtilitiesTransportationTotal
(In millions)     
2023
Segment revenue$1,593.1 $695.5 $769.1 $741.0 $3,798.7 
Segment operating income 440.8 209.1 270.6 130.2 $1,050.7 
2022
Segment revenue$1,494.0 $756.5 $821.6 $604.2 $3,676.3 
Segment operating income 406.3 221.4 278.3 58.8 964.8 
2021
Segment revenue$1,422.7 $828.9 $771.3 $636.5 $3,659.4 
Segment operating income411.7 244.1 264.0 43.4 963.2 
 Reporting Segments
 Buildings and InfrastructureGeospatialResources and UtilitiesTransportationTotal
(In millions)     
As of Year End 2023
Accounts receivable, net$314.1 $125.0 $92.5 $175.0 $706.6 
Inventories65.0 115.8 11.1 43.8 235.7 
Goodwill2,347.3 385.1 216.4 2,401.8 5,350.6 
As of Year End 2022
Accounts receivable, net $305.1 $137.2 $79.2 $121.8 $643.3 
Inventories 93.2 146.1 100.3 62.9 402.5 
Goodwill2,300.1 382.1 471.8 983.9 4,137.9 
As of Year End 2021
Accounts receivable, net$246.8 $134.0 $112.9 $131.1 $624.8 
Inventories79.3 136.4 67.4 80.2 363.3 
Goodwill2,141.4 403.6 440.8 995.7 3,981.5 
A reconciliation of our consolidated segment operating income to consolidated income before income taxes was as follows: 
 202320222021
(In millions)  
Consolidated segment operating income$1,050.7 $964.8 $963.2 
Unallocated general corporate expenses(116.0)(123.3)(106.2)
Purchase accounting adjustments(212.3)(131.6)(134.5)
Acquisition / divestiture items(72.4)(32.8)(21.8)
Stock-based compensation / deferred compensation(151.1)(112.0)(128.6)
Restructuring and other costs(50.1)(54.2)(11.1)
Consolidated operating income448.8 510.9 561.0 
Total non-operating income (expense), net(91.8)58.2 13.6 
Consolidated income before taxes$357.0 $569.1 $574.6 
The disaggregation of revenue by geography is summarized in the tables below. Revenue is defined as revenue from external customers attributed to countries based on the location of the customer and excludes the effects of certain acquired deferred
revenue that was written down to fair value in purchase accounting, consistent with the Reporting Segment tables above.
 Reporting Segments
 Buildings and InfrastructureGeospatialResources and UtilitiesTransportationTotal
(In millions)     
2023
North America$1,026.0 $300.2 $217.5 $474.8 $2,018.5 
Europe338.1 213.3 328.9 195.9 1,076.2 
Asia Pacific196.6 141.9 56.9 33.5 428.9 
Rest of World32.4 40.1 165.8 36.8 275.1 
Total segment revenue$1,593.1 $695.5 $769.1 $741.0 $3,798.7 
2022
North America$938.1 $320.7 $227.0 $469.4 $1,955.2 
Europe337.1 247.8 374.3 78.7 1,037.9 
Asia Pacific192.8 140.3 51.7 30.3 415.1 
Rest of World26.0 47.7 168.6 25.8 268.1 
Total segment revenue$1,494.0 $756.5 $821.6 $604.2 $3,676.3 
2021
North America$823.5 $337.3 $212.2 $493.1 $1,866.1 
Europe386.6 282.3 368.4 87.3 1,124.6 
Asia Pacific188.4 161.4 67.3 30.2 447.3 
Rest of World24.2 47.9 123.4 25.9 221.4 
Total segment revenue$1,422.7 $828.9 $771.3 $636.5 $3,659.4 
Total revenue in the United States as included in the Consolidated Statements of Income was $1,855.2 million, $1,777.4 million, and $1,687.4 million in 2023, 2022, and 2021. No single customer or country other than the United States accounted for 10% or more of our total revenue in 2023, 2022, and 2021. No single customer accounted for 10% or more of our accounts receivable at the end of 2023 and 2022.
Property and equipment, net by geographic area were as follows:
At the End of Year20232022
(In millions)  
Property and equipment, net:
United States$153.8 $157.7 
Europe28.0 40.3 
Asia Pacific and Rest of World20.7 21.0 
Total property and equipment, net$202.5 $219.0