XML 40 R30.htm IDEA: XBRL DOCUMENT

Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Segment Reporting Information, by Segment

The following table presents segment revenue and segment operating income for our reportable segments for the three months ended March 31, 2022 and 2021. The prior year information has been retrospectively adjusted to conform to the current year presentation.


	Three Months Ended March 31,
	HWC				R&B				Total
	2022		2021		2022		2021		2022		2021
Segment revenue	$	1,244	$	1,233	$	891	$	924	$	2,135	$	2,157

Segment operating income	$	257	$	242	$	192	$	203	$	449	$	445

Net Operating Income of the Reported Segments

The following table presents a reconciliation of the information reported by segment to the Company’s condensed consolidated statement of comprehensive income amounts reported for the three months ended March 31, 2022 and 2021.


	Three Months Ended March 31,
	2022			2021
Revenue:
Total segment revenue	$	2,135		$	2,157
Divested businesses		—			51
Reimbursable expenses and other		25			20
Revenue	$	2,160		$	2,228

Total segment operating income	$	449		$	445
Divested businesses		—			(10	)
Impairment (i)		(81	)		—
Amortization		(85	)		(103	)
Restructuring costs		(6	)		—
Transaction and transformation, net (ii)		(20	)		(24	)
Unallocated, net (iii)		(78	)		(97	)
Income from operations		179			211
Interest expense		(49	)		(59	)
Other income, net		27			438
Income from continuing operations before income taxes	$	157		$	590

(i)

Represents the impairment related to the net assets of our Russian business that are held outside of our Russian entities (see Note 3 — Acquisitions and Divestitures for further information).

(ii)

In 2022, in addition to legal fees and other transaction costs, includes consulting fees related to the Transformation program (see Note 6 — Restructuring Costs). In 2021, includes fees related to our then-proposed Aon combination.

(iii)

Includes certain costs, primarily related to corporate functions which are not directly related to the segments, and certain differences between budgeted expenses determined at the beginning of the year and actual expenses that we report for U.S. GAAP purposes.