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Segments (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Business Segment Information

Business Segment Information

 

 

 

Year Ended December 31,

 

(IN MILLIONS)

 

2018

 

 

2017

 

 

2016

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Buy

 

$

3,097

 

 

$

3,231

 

 

$

3,322

 

Watch

 

 

3,418

 

 

 

3,341

 

 

 

2,987

 

Total

 

$

6,515

 

 

$

6,572

 

 

$

6,309

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

(IN MILLIONS)

 

2018

 

 

2017

 

 

2016

 

Business segment income/(loss)(1)

 

 

 

 

 

 

 

 

 

 

 

 

Buy

 

$

411

 

 

$

584

 

 

$

619

 

Watch

 

 

1,485

 

 

 

1,486

 

 

 

1,348

 

Corporate and eliminations

 

 

(46

)

 

 

(46

)

 

 

(42

)

Total

 

$

1,850

 

 

$

2,024

 

 

$

1,925

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

(IN MILLIONS)

 

2018

 

 

2017

 

 

2016

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

Buy

 

$

226

 

 

$

210

 

 

$

212

 

Watch

 

 

442

 

 

 

425

 

 

 

387

 

Corporate and eliminations

 

 

7

 

 

 

5

 

 

 

4

 

Total

 

$

675

 

 

$

640

 

 

$

603

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

(IN MILLIONS)

 

2018

 

 

2017

 

 

2016

 

Restructuring charges

 

 

 

 

 

 

 

 

 

 

 

 

Buy

 

$

103

 

 

$

42

 

 

$

61

 

Watch

 

 

22

 

 

 

15

 

 

 

18

 

Corporate and eliminations

 

 

14

 

 

 

23

 

 

 

26

 

Total

 

$

139

 

 

$

80

 

 

$

105

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

 

 

(IN MILLIONS)

 

 

2018

 

 

 

2017

 

 

 

2016

 

Impairment of goodwill and other long-lived assets

 

 

 

 

 

 

 

 

 

 

 

 

Buy

 

$

1,411

 

 

$

—

 

 

$

—

 

Watch

 

 

—

 

 

 

—

 

 

 

—

 

Corporate and eliminations

 

 

2

 

 

 

—

 

 

 

—

 

Total

 

$

1,413

 

 

$

—

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

(IN MILLIONS)

 

2018

 

 

2017

 

 

2016

 

Share-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

Buy

 

$

13

 

 

$

13

 

 

$

16

 

Watch

 

 

11

 

 

 

12

 

 

 

10

 

Corporate and eliminations

 

 

11

 

 

 

20

 

 

 

25

 

Total

 

$

35

 

 

$

45

 

 

$

51

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

(IN MILLIONS)

 

2018

 

 

2017

 

 

2016

 

Other items(2)

 

 

 

 

 

 

 

 

 

 

 

 

Buy

 

$

—

 

 

$

—

 

 

$

3

 

Watch

 

 

—

 

 

 

—

 

 

 

2

 

Corporate and eliminations

 

 

63

 

 

 

45

 

 

 

31

 

Total

 

$

63

 

 

$

45

 

 

$

36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

(IN MILLIONS)

 

2018

 

 

2017

 

 

2016

 

Operating income/(loss)

 

 

 

 

 

 

 

 

 

 

 

 

Buy

 

$

(1,342

)

 

$

319

 

 

$

327

 

Watch

 

 

1,010

 

 

 

1,034

 

 

 

931

 

Corporate and eliminations

 

 

(143

)

 

 

(139

)

 

 

(128

)

Total

 

$

(475

)

 

$

1,214

 

 

$

1,130

 

 

(IN MILLIONS)

  

December 31,

2018

 

  

December 31,

2017

 

Total assets

  

 

 

 

  

 

 

 

Buy

  

$

5,417

  

  

$

6,862

  

Watch

  

 

9,647

  

  

 

9,911

  

Corporate and eliminations

  

 

115

  

  

 

93

  

Total

  

$

15,179

  

  

$

16,866

  

 

(1)

The Company’s chief operating decision-maker uses business segment income/(loss) to measure performance from period to period both at the consolidated level as well as within its operating segments.

(2)

For the year ended December 31, 2018, other items primarily consist of business optimization costs, including strategic review costs, and transaction related costs. For the year ended December 31, 2017, other items primarily consist of transaction related costs and business optimization costs.

 

 

 

Year ended December 31,

 

(IN MILLIONS)

 

2018

 

 

2017

 

 

2016

 

Capital expenditures

 

 

 

 

 

 

 

 

 

 

 

 

Buy

 

$

223

 

 

$

211

 

 

$

196

 

Watch

 

 

274

 

 

 

272

 

 

 

227

 

Corporate and eliminations

 

 

23

 

 

 

6

 

 

 

10

 

Total

 

$

520

 

 

$

489

 

 

$

433

 

 
Geographical Segment Information

Geographic Segment Information

 

 

 

 

 

 

 

Operating

 

 

Long-

 

 

 

 

 

 

 

Income/

 

 

lived

 

(IN MILLIONS)

 

Revenues(1)

 

 

(Loss)

 

 

Assets(2)

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

$

3,697

 

 

$

31

 

 

$

10,806

 

North and South America, excluding the U.S.

 

 

569

 

 

 

(226

)

 

 

523

 

United Kingdom

 

 

192

 

 

(130

)

 

153

 

Other Europe, Middle East & Africa

 

 

1,217

 

 

 

(157

)

 

 

734

 

Asia Pacific

 

 

840

 

 

 

7

 

 

 

263

 

Total

 

$

6,515

 

 

$

(475

)

 

$

12,479

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating

 

 

Long-

 

 

 

 

 

 

 

Income/

 

 

lived

 

(IN MILLIONS)

 

Revenues(1)

 

 

(Loss)

 

 

Assets(2)

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

$

3,730

 

 

$

743

 

 

$

11,404

 

North and South America, excluding the U.S.

 

 

595

 

 

 

164

 

 

 

957

 

United Kingdom

 

 

194

 

 

 

(20

)

 

 

259

 

Other Europe, Middle East & Africa

 

 

1,188

 

 

 

159

 

 

 

1,038

 

Asia Pacific

 

 

865

 

 

 

168

 

 

 

396

 

Total

 

$

6,572

 

 

$

1,214

 

 

$

14,054

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating

 

 

 

 

 

 

 

 

 

 

 

Income/

 

 

 

 

 

(IN MILLIONS)

 

Revenues(1)

 

 

(Loss)

 

 

 

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

$

3,626

 

 

$

730

 

 

 

 

 

North and South America, excluding the U.S.

 

 

605

 

 

 

180

 

 

 

 

 

United Kingdom

 

 

198

 

 

 

(22

)

 

 

 

 

Other Europe, Middle East & Africa

 

 

1,089

 

 

 

127

 

 

 

 

 

Asia Pacific

 

 

791

 

 

 

115

 

 

 

 

 

Total

 

$

6,309

 

 

$

1,130

 

 

 

 

 

 

 

(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.