XML 38 R24.htm IDEA: XBRL DOCUMENT v3.24.1.u1
BUSINESS SEGMENTS (Tables)
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Revenues
The following tables present our revenues disaggregated by segment and major revenue stream for the 2024 first quarter and 2023 first quarter:
Three Months Ended March 31, 2024
(in millions)U.S. & Canada
EMEA
Greater China
APEC
Total
Gross fee revenues$682 $118 $65 $87 $952 
Contract investment amortization(17)(3)— (1)(21)
Net fee revenues665 115 65 86 931 
Owned, leased, and other revenue108 118 32 265 
Cost reimbursement revenue3,717 278 76 116 4,187 
Total reportable segment revenue$4,490 $511 $148 $234 $5,383 
Unallocated corporate and other
594 
Total revenues
$5,977 
Three Months Ended March 31, 2023
(in millions)U.S. & CanadaEMEAGreater ChinaAPECTotal
Gross fee revenues$672 $105 $57 $67 $901 
Contract investment amortization(16)(3)— (1)(20)
Net fee revenues656 102 57 66 881 
Owned, leased, and other revenue117 113 30 264 
Cost reimbursement revenue3,505 256 70 97 3,928 
Total reportable segment revenue$4,278 $471 $131 $193 $5,073 
Unallocated corporate and other
542 
Total revenues
$5,615 
Schedule of Segment Profits
Segment Profits
Three Months Ended
(in millions)March 31, 2024March 31, 2023
U.S. & Canada$625 $657 
EMEA81 78 
Greater China51 46 
APEC72 56 
Unallocated corporate and other
51 118 
Interest expense, net of interest income(153)(111)
Provision for income taxes(163)(87)
Net income$564 $757