Segment Data

In connection with the Separation and Merger, the Company made significant changes to its organizational management and reporting structure. As a result, the Company has revised its reportable segments to reflect how the chief operating decision maker (the chief executive officer) currently reviews financial information and makes operating decisions. This resulted in a change in the operating segments from (1) supply chain and (2) technology and value added services to (1) North America, (2) Europe and (3) APAC & Emerging Markets. While the historical business was focused on driving growth through specific product and service offerings to its customers, the Merger allowed for the integration of the different products and service offerings, along with prescription management, data analytics and insights through veterinary practice management software, into one multi-channel veterinary platform. The Company will be focused on delivering the integrated platform of products and services to its customers on a geographical basis.

The tables below present information about the Company's reportable segments consistent with the management and measurement system utilized within the Company. The segments represent components of the Company for which separate financial information is available that is utilized on a regular basis by the chief operating decision maker in determining how to allocate resources and evaluate performance. The tables reflect the segment recast for the prior-year period.



	Three Months Ended March 31, 2019
Dollars in millions	North America		Europe		APAC & Emerging Markets		Total
Net sales	$	497	$	361	$	86	$	944
Eliminations							(3		)
Total net sales							$	941
Operating income	7		11		3		21
Operating income related to Corporate							(30		)
Total operting income							$	(9	)
Total assets	4,059		1,799		190		6,048
Eliminations							(4,542		)
Total assets related to Corporate							2,763
Total assets							$	4,269

	Three Months Ended March 31, 2018
Dollars in millions	North America		Europe		APAC & Emerging Markets		Total
Net sales	$	480	$	369	$	98	$	947
Operating income	29		12		4		45
Operating income related to Corporate							(13		)
Total operting income							$	32
Total assets	1,326		780		192		$	2,298

A reconciliation of operating income for reportable segments to the consolidated income before income taxes and equity earnings of affiliates is as follows:



	Three Months Ended
Dollars in millions	March 31, 2019			March 31, 2018
Operating income for reportable segments	$	21		$	45
Adjustment for:
Corporate and other expense, net	(30		)	(13		)
Total operating income	(9		)	32
Other income, net	(9		)	2
Income before taxes and equity in earnings of affiliates	$	(18	)	$	34