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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
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 June 30, 2022 and 2021. The prior year information has been retrospectively adjusted to conform to the current year presentation.

 

 

 

Three Months Ended June 30,

 

 

 

HWC

 

 

R&B

 

 

Total

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Segment revenue

 

$

1,159

 

 

$

1,179

 

 

$

852

 

 

$

885

 

 

$

2,011

 

 

$

2,064

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment operating income

 

$

217

 

 

$

218

 

 

$

168

 

 

$

204

 

 

$

385

 

 

$

422

 

The following table presents segment revenue and segment operating income for our reportable segments for the six months ended June 30, 2022 and 2021. The prior year information has been retrospectively adjusted to conform to the current year presentation.

 

 

 

Six Months Ended June 30,

 

 

 

HWC

 

 

R&B

 

 

Total

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Segment revenue

 

$

2,403

 

 

$

2,412

 

 

$

1,743

 

 

$

1,809

 

 

$

4,146

 

 

$

4,221

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment operating income

 

$

474

 

 

$

460

 

 

$

360

 

 

$

407

 

 

$

834

 

 

$

867

 

 
Net Operating Income of the Reported Segments

The following table presents reconciliations of the information reported by segment to the Company’s condensed consolidated statements of comprehensive income amounts reported for the three and six months ended June 30, 2022 and 2021.

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Total segment revenue

 

$

2,011

 

 

$

2,064

 

 

$

4,146

 

 

$

4,221

 

Divested businesses

 

 

—

 

 

 

9

 

 

 

—

 

 

 

60

 

Reimbursable expenses and other

 

 

20

 

 

 

18

 

 

 

45

 

 

 

38

 

Revenue

 

$

2,031

 

 

$

2,091

 

 

$

4,191

 

 

$

4,319

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total segment operating income

 

$

385

 

 

$

422

 

 

$

834

 

 

$

867

 

Divested businesses

 

 

—

 

 

 

(19

)

 

 

—

 

 

 

(29

)

Impairment (i)

 

 

—

 

 

 

—

 

 

 

(81

)

 

 

—

 

Amortization

 

 

(83

)

 

 

(97

)

 

 

(168

)

 

 

(200

)

Restructuring costs

 

 

(56

)

 

 

—

 

 

 

(62

)

 

 

—

 

Transaction and transformation, net (ii)

 

 

(38

)

 

 

(51

)

 

 

(58

)

 

 

(75

)

Unallocated, net (iii)

 

 

(71

)

 

 

(85

)

 

 

(149

)

 

 

(182

)

Income from operations

 

 

137

 

 

 

170

 

 

 

316

 

 

 

381

 

Interest expense

 

 

(51

)

 

 

(52

)

 

 

(100

)

 

 

(111

)

Other income, net

 

 

93

 

 

 

74

 

 

 

120

 

 

 

512

 

Income from continuing operations before income taxes

 

$

179

 

 

$

192

 

 

$

336

 

 

$

782

 

 

(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 primarily 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.