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Segments (Tables)
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Business Segment Information

Business Segment Information

 

(IN MILLIONS)

 

Connect

 

 

Media

 

 

Corporate

 

 

Total

 

Three Months Ended March 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

737

 

 

$

826

 

 

 

—

 

 

$

1,563

 

Depreciation and amortization

 

$

55

 

 

$

123

 

 

$

1

 

 

$

179

 

Restructuring charges

 

$

22

 

 

$

7

 

 

$

6

 

 

$

35

 

Share-based compensation expense

 

$

4

 

 

$

3

 

 

$

8

 

 

$

15

 

Other items(1)

 

$

—

 

 

$

—

 

 

$

12

 

 

$

12

 

Operating income/(loss)

 

$

(2

)

 

$

214

 

 

$

(38

)

 

$

174

 

Business segment income/(loss)(2)

 

$

79

 

 

$

347

 

 

$

(11

)

 

$

415

 

Total assets as of March 31, 2019

 

$

5,558

 

 

$

9,878

 

 

$

306

 

 

$

15,742

 

 

(IN MILLIONS)

 

 

Connect

 

 

 

Media

 

 

 

Corporate

 

 

 

Total

 

Three Months Ended March 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

786

 

 

$

824

 

 

 

—

 

 

$

1,610

 

Depreciation and amortization

 

$

54

 

 

$

112

 

 

$

1

 

 

$

167

 

Restructuring charges

 

$

15

 

 

$

9

 

 

$

—

 

 

$

24

 

Share-based compensation expense

 

$

4

 

 

$

3

 

 

$

6

 

 

$

13

 

Other items(1)

 

$

—

 

 

$

—

 

 

$

12

 

 

$

12

 

Operating income/(loss)

 

$

14

 

 

$

223

 

 

$

(30

)

 

$

207

 

Business segment income/(loss)(2)

 

$

87

 

 

$

347

 

 

$

(11

)

 

$

423

 

Total assets as of December 31, 2018

 

$

5,416

 

 

$

9,641

 

 

$

122

 

 

$

15,179

 

    

(1)

Other items primarily consist of business optimization costs, including strategic review costs, and transaction related costs for the three months ended March 31, 2019.  Other items primarily consists of transaction related costs and business optimization costs for the three months ended March 31, 2018.  

(2)

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.