XML 49 R22.htm IDEA: XBRL DOCUMENT v3.19.2
SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
We determine segment profit by deducting the related costs and expenses from segment revenue. Segment profit includes an allocation of global marketing and digital expenses based on actual revenues. Segment profit excludes global expenses other than the allocation of marketing and digital, costs to implement ("CTI") restructuring initiatives (see Note 15, Restructuring Initiatives), certain significant asset impairment charges, and other expenses, which are not allocated to a particular segment, if applicable. This is consistent with the manner in which we assess our performance and allocate resources.
Summarized financial information concerning our reportable segments was as follows:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 Total Revenue
 
2019
 
2018
 
2019
 
2018
Europe, Middle East & Africa
 
$
425.1

 
$
500.7

 
$
883.8

 
$
1,069.1

South Latin America
 
443.0

 
516.1

 
857.7

 
1,013.2

North Latin America
 
193.8

 
207.3

 
386.5

 
402.9

Asia Pacific
 
108.4

 
113.1

 
223.7

 
224.5

Total revenue from reportable segments
 
1,170.3

 
1,337.2

 
2,351.7

 
2,709.7

Other operating segments and business activities(1)
 
4.5

 
14.7

 
10.0

 
35.7

Total revenue
 
$
1,174.8

 
$
1,351.9

 
$
2,361.7

 
$
2,745.4


 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Operating Profit
 
2019
 
2018
 
2019
 
2018
Segment Profit
 
 
 
 
 
 
 
 
Europe, Middle East & Africa
 
$
59.0

 
$
74.4

 
$
118.2

 
$
148.8

South Latin America
 
65.2

 
55.2

 
89.0

 
82.4

North Latin America
 
19.1

 
19.0

 
35.6

 
39.8

Asia Pacific
 
10.8

 
7.3

 
27.5

 
17.7

Total profit from reportable segments
 
$
154.1

 
$
155.9

 
$
270.3

 
$
288.7

Other operating segments and business activities(1)
 
.5

 
(.6
)
 
1.1

 
1.6

Unallocated global expenses
 
(65.3
)
 
(78.6
)
 
(128.4
)
 
(157.8
)
CTI restructuring initiatives
 
(45.7
)
 
(23.7
)
 
(99.2
)
 
(34.6
)
Other expenses(2)
 
(13.1
)
 

 
(17.2
)
 

Operating profit
 
$
30.5

 
$
53.0

 
$
26.6

 
$
97.9


(1) Other operating segments and business activities include markets that have been exited. Effective in the first quarter of 2018, given that we exited Australia and New Zealand during 2018, the results of Australia and New Zealand are now reported in Other operating segments and business activities for all periods presented, while previously the results had been reported in the Asia Pacific segment. Other operating segments and business activities also include revenue from the sale of products to New Avon since the separation of the Company's North America business into New Avon on March 1, 2016 and ongoing royalties from the licensing of our name and products.
(2) Other expenses includes primarily professional fees incurred in relation to the Natura transaction, and other impairment losses on assets.