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Segment Information
9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Segment Information

Note 12. Segment Information

The Company’s segments are summarized below:

United States

The U.S. segment serves capital market and investment market clients in the U.S. by delivering products and services to help create, manage, and deliver, accurate and timely financial communications to investors and regulators. The Company also provides virtual data rooms to facilitate the deal management requirements of capital markets and mergers and acquisitions transactions, and provides data and analytics services that help professionals uncover intelligence from disclosures contained within public filings made with the SEC. The U.S. segment also includes commercial print. In addition, the U.S. segment included language solutions capabilities, through which the Company translated documents and created content in up to 140 different languages for its clients.*

International

The International segment includes the Company’s operations in Asia, Europe, Canada and Latin America. The international business is primarily focused on working with international capital markets clients on capital markets offerings and regulatory compliance related activities into or within the United States. In addition, the international segment provided language translation services and shareholder communication services to investment market clients.*

*The Company sold its Language Solutions business on July 22, 2018. Refer to Note 3, Acquisitions and Dispositions, for further information.

Corporate

Corporate consists of unallocated general and administrative activities and associated expenses including, in part, executive, legal, finance, communications and certain facility costs. In addition, certain costs and earnings of employee benefit plans, such as pension and other postretirement benefit plan expense (income) and allocated costs for share-based compensation, are included in Corporate and not allocated to the operating segments.

Information by Segment

The Company has disclosed income (loss) from operations as the primary measure of segment earnings (loss). This is the measure of profitability used by the Company’s chief operating decision-maker and is most consistent with the presentation of profitability reported within the consolidated financial statements.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss)

 

 

Depreciation

 

 

 

 

 

 

Total

 

 

Intersegment

 

 

Net

 

 

from

 

 

and

 

 

Capital

 

 

Sales

 

 

Sales

 

 

Sales

 

 

Operations

 

 

Amortization

 

 

Expenditures

 

Three Months Ended

September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

$

175.2

 

 

$

(1.5

)

 

$

173.7

 

 

$

39.2

 

 

$

10.6

 

 

$

7.7

 

International

 

23.0

 

 

 

(0.8

)

 

 

22.2

 

 

 

(0.9

)

 

 

2.0

 

 

 

 

Total operating segments

 

198.2

 

 

 

(2.3

)

 

 

195.9

 

 

 

38.3

 

 

 

12.6

 

 

 

7.7

 

Corporate

 

 

 

 

 

 

 

 

 

 

(6.2

)

 

 

0.1

 

 

 

1.2

 

Total operations

 

198.2

 

 

 

(2.3

)

 

 

195.9

 

 

 

32.1

 

 

 

12.7

 

 

 

8.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss)

 

 

Depreciation

 

 

 

 

 

 

Total

 

 

Intersegment

 

 

Net

 

 

from

 

 

and

 

 

Capital

 

 

Sales

 

 

Sales

 

 

Sales

 

 

Operations

 

 

Amortization

 

 

Expenditures

 

Three Months Ended

September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

$

187.9

 

 

$

(2.4

)

 

$

185.5

 

 

$

48.4

 

 

$

10.3

 

 

$

7.2

 

International

 

31.9

 

 

 

(0.5

)

 

 

31.4

 

 

 

27.0

 

 

 

1.2

 

 

 

 

Total operating segments

 

219.8

 

 

 

(2.9

)

 

 

216.9

 

 

 

75.4

 

 

 

11.5

 

 

 

7.2

 

Corporate

 

 

 

 

 

 

 

 

 

 

(13.3

)

 

 

0.1

 

 

 

 

Total operations

$

219.8

 

 

$

(2.9

)

 

$

216.9

 

 

$

62.1

 

 

$

11.6

 

 

$

7.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss)

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

Total

 

 

Intersegment

 

 

Net

 

 

from

 

 

Assets of

 

 

and

 

 

Capital

 

 

Sales

 

 

Sales

 

 

Sales

 

 

Operations

 

 

Operations

 

 

Amortization

 

 

Expenditures

 

Nine Months Ended

September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

$

605.3

 

 

$

(5.6

)

 

$

599.7

 

 

$

100.9

 

 

$

748.4

 

 

$

31.0

 

 

$

33.4

 

International

 

86.5

 

 

 

(1.8

)

 

 

84.7

 

 

 

(2.6

)

 

 

86.9

 

 

 

5.4

 

 

 

0.1

 

Total operating segments

 

691.8

 

 

 

(7.4

)

 

 

684.4

 

 

 

98.3

 

 

 

835.3

 

 

 

36.4

 

 

 

33.5

 

Corporate

 

 

 

 

 

 

 

 

 

 

(26.2

)

 

 

127.0

 

 

 

0.4

 

 

 

1.6

 

Total operations

$

691.8

 

 

$

(7.4

)

 

$

684.4

 

 

$

72.1

 

 

$

962.3

 

 

$

36.8

 

 

$

35.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (Loss)

 

 

 

 

 

 

Depreciation

 

 

 

 

 

 

Total

 

 

Intersegment

 

 

Net

 

 

from

 

 

Assets of

 

 

and

 

 

Capital

 

 

Sales

 

 

Sales

 

 

Sales

 

 

Operations

 

 

Operations

 

 

Amortization

 

 

Expenditures

 

Nine Months Ended

September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

$

648.7

 

 

$

(7.6

)

 

$

641.1

 

 

$

121.7

 

 

$

676.4

 

 

$

28.7

 

 

$

21.6

 

International

 

123.1

 

 

 

(1.5

)

 

 

121.6

 

 

 

31.1

 

 

 

99.0

 

 

 

4.0

 

 

 

0.9

 

Total operating segments

 

771.8

 

 

 

(9.1

)

 

 

762.7

 

 

 

152.8

 

 

 

775.4

 

 

 

32.7

 

 

 

22.5

 

Corporate

 

 

 

 

 

 

 

 

 

 

(35.1

)

 

 

138.0

 

 

 

0.4

 

 

 

0.3

 

Total operations

$

771.8

 

 

$

(9.1

)

 

$

762.7

 

 

$

117.7

 

 

$

913.4

 

 

$

33.1

 

 

$

22.8