Interim Financial Data by Segment

6 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Interim Financial Data by Segment

INTERIM FINANCIAL DATA BY SEGMENT

The Company operates in two reportable segments: Investor Communication Solutions and Global Technology and Operations. See Note 1, “Basis of Presentation” for a further description of the Company’s reportable segments.

The primary components of “Other” are certain gains, losses, corporate overhead expenses and non-operating expenses that have not been allocated to the reportable segments, such as interest expense. Foreign currency exchange is a reconciling item between the actual foreign currency exchange rates and the constant foreign currency exchange rates used for internal management reporting.

Certain corporate expenses, as well as certain centrally managed expenses, are allocated based upon budgeted amounts in a reasonable manner. Because the Company compensates the management of its various businesses on, among other factors, segment profit, the Company may elect to record certain segment-related operating and non-operating expense items in Other rather than reflect such items in segment profit.

In connection with an organizational change made in the second quarter of fiscal year 2018, in order to further align and enhance our portfolio of services, certain discrete services that were previously reported in our Investor Communication Solutions reportable segment are now reported within the Global Technology and Operations reportable segment. As a result, our prior period segment results have been revised to reflect this change in reporting segments.

Segment results:

	Revenues
	Three Months Ended   December 31,						Six Months Ended   December 31,
	2018			2017			2018			2017
	(in millions)
Investor Communication Solutions	$	738.1		$	802.2		$	1,503.9		$	1,528.6
Global Technology and Operations	236.6			228.0			464.3			442.9
Foreign currency exchange	(21.4		)	(17.4		)	(42.0		)	(33.9		)
Total	$	953.4		$	1,012.8		$	1,926.2		$	1,937.6

	Earnings (Loss) before Income Taxes
	Three Months Ended   December 31,						Six Months Ended   December 31,
	2018			2017			2018			2017
	(in millions)
Investor Communication Solutions	$	37.0		$	72.4		$	96.0		$	118.0
Global Technology and Operations	47.3			50.6			93.7			95.7
Other	(27.9		)	(26.5		)	(51.0		)	(48.0		)
Foreign currency exchange	7.9			7.0			15.0			12.1
Total	$	64.3		$	103.5		$	153.6		$	177.8

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