Interim Financial Data by Segment

3 Months Ended

Sep. 30, 2020

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.

Segment results:

	Revenues
	Three Months Ended   September 30,
	2020		2019
	(In millions)
Investor Communication Solutions	$	752.9	$	702.6
Global Technology and Operations	296.0		273.9
Foreign currency exchange	(31.5)		(28.0)
Total	$	1,017.4	$	948.6

	Earnings (Loss) before Income Taxes
	Three Months Ended   September 30,
	2020		2019
	(In millions)
Investor Communication Solutions	$	52.8	$	23.0
Global Technology and Operations	75.3		56.4
Other	(60.5)		(21.1)
Foreign currency exchange	6.0		5.6
Total	$	73.6	$	63.8