Segment Information

ASC Topic 280, Segment Reporting ("ASC 280"), establishes standards for reporting information about segments and requires that a public business enterprise reports financial and descriptive information about its segments. Segments are components of an enterprise for which separate financial information is available and are evaluated regularly by the chief operating decision maker ("CODM") in deciding how to allocate resources and in assessing performance. Our chief executive officer is identified as the CODM as defined by ASC 280. To align with the internal management of our business operations based on service offerings, our business is organized into two segments. Refer to Note 14—Revenues for a description of our Software Solutions and Data and Analytics segments.

Separate discrete financial information is available for these two segments and the operating results of each segment are regularly evaluated by the CODM in order to assess performance and allocate resources. We use EBITDA as the primary profitability measure for making decisions regarding ongoing operations. EBITDA is earnings before Interest expense, net, Income tax expense (benefit) and Depreciation and amortization. We do not allocate Interest expense, Other expense, net, Income tax expense (benefit), equity-based compensation and certain other items, such as purchase accounting adjustments and acquisition-related costs to the segments, since these items are not considered in evaluating the segments' overall operating performance.

On January 1, 2018, we realigned the composition of our two reportable segments. Certain enterprise business intelligence offerings in our Data and Analytics segment were moved to our Software Solutions segment. This change aligns with our go-to-market strategy and with the internal management of our business operations, including the allocation of resources and assessment of performance. Prior period results have been reclassified to conform to the current segment presentation.

Summarized financial information concerning our segments is shown in the tables below (in millions):



	Year ended December 31, 2018
	Software Solutions		Data and Analytics		Corporate and Other				Total
Revenues	$	962.0	$	154.5	$	(2.5	)	(1)	$	1,114.0
Expenses:
Operating expenses	394.8		115.0		115.6				625.4
Transition and integration costs	—		—		6.6				6.6
EBITDA	567.2		39.5		(124.7		)		482.0
Depreciation and amortization	112.9		14.1		90.0			(2)	217.0
Operating income (loss)	454.3		25.4		(214.7		)		265.0
Interest expense, net									(51.7		)
Other expense, net									(7.1		)
Earnings before income taxes									206.2
Income tax expense									37.7
Net earnings									$	168.5

Balance sheet data:
Total assets	$	3,227.8	$	310.2	$	115.4		(3)	$	3,653.4
Goodwill	$	2,157.6	$	172.1	$	—			$	2,329.7

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(1)	Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP.


(2)	Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP.


(3)	Receivables from related parties are included in Corporate and Other.



	Year ended December 31, 2017
	Software Solutions		Data and Analytics		Corporate and Other				Total
Revenues	$	904.5	$	151.6	$	(4.5	)	(1)	$	1,051.6
Expenses:
Operating expenses	388.0		113.2		68.3				569.5
Transition and integration costs	—		—		13.1				13.1
EBITDA	516.5		38.4		(85.9		)		469.0
Depreciation and amortization	101.2		12.8		92.5			(2)	206.5
Operating income (loss)	415.3		25.6		(178.4		)		262.5
Interest expense, net									(57.5		)
Other expense, net									(12.6		)
Earnings before income taxes									192.4
Income tax benefit									(61.8		)
Net earnings									$	254.2

Balance sheet data:
Total assets	$	3,223.5	$	304.7	$	127.7		(3)	$	3,655.9
Goodwill	$	2,134.7	$	172.1	$	—			$	2,306.8

_______________________________________________________


(1)	Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP.


(2)	Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP.


(3)	Receivables from related parties are included in Corporate and Other.



	Year ended December 31, 2016
	Software Solutions		Data and Analytics		Corporate and Other				Total
Revenues	$	860.7	$	172.6	$	(7.3	)	(1)	$	1,026.0
Expenses:
Operating expenses	374.6		144.4		63.6				582.6
Transition and integration costs	—		—		2.3				2.3
EBITDA	486.1		28.2		(73.2		)		441.1
Depreciation and amortization	107.0		8.0		93.3			(2)	208.3
Operating income (loss)	379.1		20.2		(166.5		)		232.8
Interest expense, net									(67.6		)
Other expense, net									(6.4		)
Earnings before income taxes									158.8
Income tax expense									25.8
Net earnings									$	133.0

Balance sheet data:
Total assets	$	3,242.0	$	310.3	$	209.7		(3)	$	3,762.0
Goodwill	$	2,131.7	$	172.1	$	—			$	2,303.8

_______________________________________________________


(1)	Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP.


(2)	Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP.


(3)	Receivables from related parties are included in Corporate and Other.