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Segments
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Segment Reporting [Abstract]    
Segments

12. Segments

The Company aligns its operating segments in order to conform to management’s internal reporting structure, which is reflective of service offerings by industry. Management aggregates such operating segments into three reporting segments: what consumers buy (“Buy”), consisting principally of market research information and analytical services; what consumers watch (“Watch”), consisting principally of television, online and mobile audience and advertising measurement and corresponding analytics and Expositions, consisting principally of trade shows, events and conferences.

Corporate consists principally of unallocated items such as certain facilities and infrastructure costs as well as intersegment eliminations. Certain corporate costs, other than those described above, including those related to selling, finance, legal, human resources, and information technology systems, are considered operating costs and are allocated to the Company’s segments based on either the actual amount of costs incurred or on a basis consistent with the operations of the underlying segment. Information with respect to the operations of each of Nielsen’s business segments is set forth below based on the nature of the services offered and geographic areas of operations.

 

Business Segment Information

 

(IN MILLIONS)

   Buy      Watch      Expositions      Corporate     Total  

Three Months Ended March 31, 2013

             

Revenues

   $ 825       $ 494       $ 57       $ —       $ 1,376   

Depreciation and amortization

   $ 51       $ 68       $ 6       $ 1      $ 126   

Restructuring charges

   $ 12       $ 7       $ —        $ 16      $ 35   

Stock-based compensation expense

   $ 3       $ 2       $ —        $ 5      $ 10   

Operating income/(loss)

   $ 53       $ 122       $ 26       $ (30   $ 171   

Total assets as of March 31, 2013

   $ 6,705       $ 6,696       $ 752       $ 261      $ 14,414   

(IN MILLIONS)

   Buy      Watch      Expositions      Corporate     Total  

Three Months Ended March 31, 2012

             

Revenues

   $ 799       $ 474       $ 61       $      $ 1,334   

Depreciation and amortization

   $ 53       $ 68       $ 6       $ 2      $ 129   

Restructuring charges

   $ 31       $ 5       $      $ 1      $ 37   

Stock-based compensation expense

   $ 2       $ 2       $      $ 4      $ 8   

Operating income/(loss)

   $ 35       $ 111       $ 30       $ (18   $ 158   

Total assets as of December 31, 2012

   $ 6,885       $ 6,706       $ 758       $ 234      $ 14,583   

16. Segments

The Company aligns its operating segments in order to conform to management’s internal reporting structure, which is reflective of service offerings by industry. Management aggregates such operating segments into three reporting segments: what consumers buy (“Buy”), consisting principally of market research information and analytical services; what consumers watch (“Watch”), consisting principally of television, online and mobile audience and advertising measurement and corresponding analytics and Expositions, consisting principally of trade shows, events and conferences.

Corporate consists principally of unallocated items such as certain facilities and infrastructure costs as well as intersegment eliminations. Certain corporate costs, other than those described above, including those related to selling, finance, legal, human resources, and information technology systems, are considered operating costs and are allocated to the Company’s segments based on either the actual amount of costs incurred or on a basis consistent with the operations of the underlying segment. Information with respect to the operations of each of Nielsen’s business segments is set forth below based on the nature of the services offered and geographic areas of operations.

 

Business Segment Information

 

     Year Ended December 31,  

(IN MILLIONS)

   2012     2011     2010  

Revenues

      

Buy

   $ 3,420      $ 3,409      $ 3,108   

Watch

     1,987        1,919        1,827   

Expositions

     183        179        168   
  

 

 

   

 

 

   

 

 

 

Total

   $ 5,590      $ 5,507      $ 5,103   
  

 

 

   

 

 

   

 

 

 
     Year Ended December 31,  

(IN MILLIONS)

   2012     2011     2010  

Depreciation and amortization

      

Buy

   $ 208      $ 198      $ 202   

Watch

     274        294        313   

Expositions

     23        25        27   

Corporate and eliminations

     8        7        12   
  

 

 

   

 

 

   

 

 

 

Total

   $ 513      $ 524      $ 554   
  

 

 

   

 

 

   

 

 

 
     Year Ended December 31,  

(IN MILLIONS)

   2012     2011     2010  

Restructuring charges

      

Buy

   $ 60      $ 57      $ 27   

Watch

     18        15        15   

Expositions

     (1     2        2   

Corporate and eliminations

     7        10        17   
  

 

 

   

 

 

   

 

 

 

Total

   $ 84      $ 84      $ 61   
  

 

 

   

 

 

   

 

 

 
     Year Ended December 31,  

(IN MILLIONS)

   2012     2011     2010  

Stock-based compensation expense

      

Buy

   $ 10      $ 8      $ 7   

Watch

     7        5        3   

Expositions

                  

Corporate and eliminations

     16        13        8   
  

 

 

   

 

 

   

 

 

 

Total

   $ 33      $ 26      $ 18   
  

 

 

   

 

 

   

 

 

 
     Year Ended December 31,  

(IN MILLIONS)

   2012     2011     2010  

Operating income/(loss)

      

Buy

   $ 409      $ 432      $ 414   

Watch

     547        464        368   

Expositions

     72        60        49   

Corporate and eliminations

     (64     (158     (100
  

 

 

   

 

 

   

 

 

 

Total

   $ 964      $ 798      $ 731   
  

 

 

   

 

 

   

 

 

 

 

(IN MILLIONS)

   December 31,
2012
     December 31,
2011
 

Total assets

     

Buy

   $ 6,885       $ 6,782   

Watch

     6,706         6,560   

Expositions

     758         794   

Corporate and eliminations(1)

     234         336   
  

 

 

    

 

 

 

Total

   $ 14,583       $ 14,472   
  

 

 

    

 

 

 

 

(1) Includes deferred financing costs of $60 million and $68 million as of December 31, 2012 and 2011, respectively.

 

     Year ended December 31,  

(IN MILLIONS)

   2012      2011      2010  

Capital expenditures

        

Buy

   $ 171       $ 178       $ 156   

Watch

     179         182         164   

Expositions

     5         7         6   

Corporate and eliminations

     3         —          8   
  

 

 

    

 

 

    

 

 

 

Total

   $ 358       $ 367       $ 334   
  

 

 

    

 

 

    

 

 

 

Geographic Segment Information

 

(IN MILLIONS)

   Revenues(1)      Operating
Income/
(Loss)
    Long-
lived
Assets(2)
 

2012

       

United States

   $ 2,820       $ 529      $ 9,540   

North and South America, excluding the United States

     640         170        1,313   

The Netherlands

     39         4        8   

Other Europe, Middle East & Africa

     1,353         178        1,097   

Asia Pacific

     738         83        509   
  

 

 

    

 

 

   

 

 

 

Total

   $ 5,590       $ 964      $ 12,467   
  

 

 

    

 

 

   

 

 

 

(IN MILLIONS)

   Revenues(1)      Operating
Income/
(Loss)
    Long-
lived
Assets(2)
 

2011

       

United States

   $ 2,677       $ 425      $ 9,531   

North and South America, excluding the United States

     625         184        1,212   

The Netherlands

     43         (90     3   

Other Europe, Middle East & Africa

     1,447         184        1,074   

Asia Pacific

     715         95        505   
  

 

 

    

 

 

   

 

 

 

Total

   $ 5,507       $ 798      $ 12,325   
  

 

 

    

 

 

   

 

 

 

 

(IN MILLIONS)

   Revenues(1)      Operating
Income/
(Loss)
 

2010

     

United States

   $ 2,557       $ 297   

North and South America, excluding the United States

     551         157   

The Netherlands

     41         (5

Other Europe, Middle East & Africa

     1,330         191   

Asia Pacific

     624         91   
  

 

 

    

 

 

 

Total

   $ 5,103       $ 731   
  

 

 

    

 

 

 

 

(1) Revenues are attributed to geographic areas based on the location of customers.

 

(2) Long-lived assets include property, plant and equipment, goodwill and other intangible assets.