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Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information
5. Segment Information

The Company has one operating and reportable segment which reflects the manner in which the Company’s Chief Operating Decision Maker (“CODM”), its Chief Executive Officer, reviews and assesses the performance of the business and allocates resources.

The information used by the CODM to assess performance and allocate resources includes various measures of segment profit, however, for the purposes of the disclosures required by ASC 280, Segment Reporting and ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, the Company has determined that the measure most consistent with the measurement principles used in measuring the corresponding amounts in the consolidated financial statements is net income. Consolidated financial information is used to monitor forecast versus actual results in order to make key operating decisions. The
CODM does not evaluate the performance of the Company or allocate resources at any level below the consolidated level or based on the Company's assets or liabilities.

The following discloses the significant segment expenses, in the context of deriving net income, that are regularly provided to and reviewed by the CODM reconciled to the segment’s net income:
At December 31,202420232022
Revenue$4,284.2 $3,679.6 $1,733.8 
Significant segment expenses
Costs of services1,415.7 1,007.6 168.1 
Cost of inventory sold863.8 893.6 608.6 
Selling, general and administrative773.9 743.7 539.9 
Acquisition-related and integration costs29.0 216.1 37.3 
Depreciation and amortization444.4 352.2 97.2 
Interest expense233.7 213.8 57.9 
Income tax expense137.3 76.4 86.2 
Other segment items(26.4)(29.8)(181.2)
Net income$412.8 $206.0 $319.8 

Other segment items consists of gain on disposition of property, plant and equipment, change in fair value of derivatives, net, interest income, and foreign exchange (loss) gain, as reported on the consolidated income statements.
The following tables summarize revenue and property, plant, and equipment by geographic area based on the location of the underlying auction activity or rendering of services and location of the underlying assets:
Year ended December 31,202420232022
Revenue
United States$3,094.1 $2,591.6 $970.9 
Canada640.6 551.5 375.7 
Europe333.0 321.8 143.2 
Australia137.2 136.7 181.3 
Other79.3 78.0 62.7 
$4,284.2 $3,679.6 $1,733.8 
At December 31,202420232022
Property, plant, and equipment
United States$947.7 $884.9 $241.9 
Canada176.4 155.0 87.3 
Europe113.0 117.5 86.7 
Australia18.2 20.2 20.0 
Other20.1 23.3 23.2 
$1,275.4 $1,200.9 $459.1 
The geographic composition of operating lease right-of-use assets is similar to that of property, plant, and equipment.