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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2020
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, 2020 and 2019.

 

 

 

Three Months Ended June 30,

 

 

 

HCB

 

 

CRB

 

 

IRR

 

 

BDA

 

 

Total

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Segment revenue

 

$

767

 

 

$

797

 

 

$

701

 

 

$

690

 

 

$

413

 

 

$

409

 

 

$

209

 

 

$

126

 

 

$

2,090

 

 

$

2,022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment operating

   income/(loss)

 

$

160

 

 

$

169

 

 

$

135

 

 

$

104

 

 

$

119

 

 

$

109

 

 

$

(9

)

 

$

(25

)

 

$

405

 

 

$

357

 

 

The following table presents segment revenue and segment operating income for our reportable segments for the six months ended June 30, 2020 and 2019.

 

 

 

Six Months Ended June 30,

 

 

 

HCB

 

 

CRB

 

 

IRR

 

 

BDA

 

 

Total

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Segment revenue

 

$

1,617

 

 

$

1,626

 

 

$

1,440

 

 

$

1,418

 

 

$

1,028

 

 

$

998

 

 

$

440

 

 

$

261

 

 

$

4,525

 

 

$

4,303

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment operating

   income/(loss)

 

$

373

 

 

$

373

 

 

$

262

 

 

$

231

 

 

$

396

 

 

$

361

 

 

$

(20

)

 

$

(46

)

 

$

1,011

 

 

$

919

 
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, 2020 and 2019.

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total segment revenue

 

$

2,090

 

 

$

2,022

 

 

$

4,525

 

 

$

4,303

 

Reimbursable expenses and other

 

 

23

 

 

 

26

 

 

 

54

 

 

 

57

 

Revenue

 

$

2,113

 

 

$

2,048

 

 

$

4,579

 

 

$

4,360

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total segment operating income

 

$

405

 

 

$

357

 

 

$

1,011

 

 

$

919

 

Amortization

 

 

(119

)

 

 

(123

)

 

 

(240

)

 

 

(250

)

Transaction and integration expenses (i)

 

 

(14

)

 

 

—

 

 

 

(23

)

 

 

(6

)

Unallocated, net (ii)

 

 

(109

)

 

 

(58

)

 

 

(225

)

 

 

(128

)

Income from operations

 

 

163

 

 

 

176

 

 

 

523

 

 

 

535

 

Interest expense

 

 

(62

)

 

 

(56

)

 

 

(123

)

 

 

(110

)

Other income, net

 

 

76

 

 

 

67

 

 

 

168

 

 

 

122

 

Income from operations before income taxes

 

$

177

 

 

$

187

 

 

$

568

 

 

$

547

 

 

(i)

Includes transaction costs related to the proposed Aon combination and TRANZACT acquisition in 2019.

(ii)

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.