Segment and Geographic Information

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

Our operating business units offer sophisticated information processing and software services and products. We present these businesses as two operating segments, Financial Services and Healthcare Services. Investments in the Company’s equity securities, private equity investments, real estate and certain financial interests are included in the Investments and Other segment.

As mentioned in Note 1, Description of Business, we completed the sale of our North American Customer Communications business and announced our intent to dispose of our United Kingdom Customer Communications business during 2016. As a result, the Customer Communications segment, as well as certain businesses previously reported within the Financial Services segment that were part of the July 1, 2016 sale, have been reported as discontinued operations. Prior periods have been adjusted to be consistent with the current presentation.

We evaluate the performance of our segments based on income before interest expense, income taxes, and non-controlling interest. Intersegment revenues are reflected at rates prescribed by us and may not be reflective of market rates.

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

	Year Ended December 31, 2016
	Financial Services			Healthcare Services		Investments/ Other			Elimination Adjustments			Consolidated Total
Operating revenues	$	1,047.3		$	426.2	$	0.9		$	—		$	1,474.4
Intersegment operating revenues	42.9			—		—			(42.9		)	—
Out-of-pocket reimbursements	73.9			8.5		—			(0.1		)	82.3
Total revenues	1,164.1			434.7		0.9			(43.0		)	1,556.7
Costs and expenses	908.3			345.1		3.0			(43.0		)	1,213.4
Depreciation and amortization	79.7			15.6		0.7			—			96.0
Operating income (loss)	176.1			74.0		(2.8		)	—			247.3
Gain on sale of business	5.5			—		—			—			5.5
Other income (loss), net	(2.2		)	0.1		24.8			—			22.7
Equity in earnings of unconsolidated affiliates	21.2			0.5		5.5			—			27.2
Earnings from continuing operations before interest, income taxes and non-controlling interest	$	200.6		$	74.6	$	27.5		$	—		$	302.7

	Year Ended December 31, 2015
	Financial Services			Healthcare Services			Investments/ Other			Elimination Adjustments			Consolidated Total
Operating revenues	$	1,025.5		$	376.4		$	3.1		$	—		$	1,405.0
Intersegment operating revenues	38.3			—			—			(38.3		)	—
Out-of-pocket reimbursements	61.7			8.2			—			(0.9		)	69.0
Total revenues	1,125.5			384.6			3.1			(39.2		)	1,474.0
Costs and expenses	869.8			321.3			(1.7		)	(39.2		)	1,150.2
Depreciation and amortization	71.6			18.6			0.9			—			91.1
Operating income	184.1			44.7			3.9			—			232.7
Other income (loss), net	(2.1		)	(0.1		)	206.7			—			204.5
Equity in earnings of unconsolidated affiliates	35.3			0.3			9.8			—			45.4
Earnings from continuing operations before interest, income taxes and non-controlling interest	$	217.3		$	44.9		$	220.4		$	—		$	482.6

	Year Ended December 31, 2014
	Financial Services		Healthcare Services		Investments/ Other		Elimination Adjustments			Consolidated Total
Operating revenues	$	1,056.3	$	382.1	$	7.1	$	—		$	1,445.5
Intersegment operating revenues	32.5		—		—		(32.5		)	—
Out-of-pocket reimbursements	52.6		6.9		—		(0.2		)	59.3
Total revenues	1,141.4		389.0		7.1		(32.7		)	1,504.8
Costs and expenses	867.9		308.5		5.4		(32.7		)	1,149.1
Depreciation and amortization	72.2		19.5		1.3		—			93.0
Operating income	201.3		61.0		0.4		—			262.7
Gain on sale of business	100.5		—		—		—			100.5
Other income, net	19.5		0.1		353.5		—			373.1
Equity in earnings of unconsolidated affiliates	29.8		0.5		4.4		—			34.7
Earnings from continuing operations before interest, income taxes and non-controlling interest	$	351.1	$	61.6	$	358.3	$	—		$	771.0

Earnings before interest, income taxes and non-controlling interest in the segment reporting information above less interest expense of $23.5 million, $23.8 million and $26.3 million for the years ended December 31, 2016, 2015 and 2014, respectively, are equal to income before income taxes and non-controlling interest on a consolidated basis for the corresponding year.

Information concerning the revenues of principal geographic areas is as follows (in millions):

	Year Ended December 31,
	2016		2015		2014
Revenues:(1)
U.S.	$	1,417.2	$	1,350.6	$	1,323.7
International
U.K.	78.1		65.6		58.5
Canada	19.3		21.7		64.9
Australia	25.4		20.5		25.8
Others	16.7		15.6		31.9
Total international	139.5		123.4		181.1
Total revenues	$	1,556.7	$	1,474.0	$	1,504.8

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(1) Revenues are attributed to countries based on location of the client.

Information concerning total assets by reporting segment is as follows (in millions):

	December 31,
	2016			2015
Financial Services	$	1,717.1		$	1,611.2
Healthcare Services	552.2			405.3
Investments and Other	431.4			502.7
Assets held for sale	72.6			297.5
Elimination Adjustments	(1.5		)	(3.5		)
Total assets	$	2,771.8		$	2,813.2

Information concerning the long-lived assets (properties and other non-current assets) of principal geographic areas is as follows (in millions):

	December 31,
	2016		2015
Long-lived assets:
U.S.	$	249.9	$	274.7
International
U.K.	25.9		29.1
Canada	0.4		5.6
Australia	8.0		2.6
Others	1.8		1.7
Total international	36.1		39.0
Total long-lived assets	$	286.0	$	313.7