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Segment Information
6 Months Ended
Apr. 30, 2017
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION    
Effective November 1, 2016, we reorganized our reportable segments to reflect how we now manage our business by industry group. We have aggregated various operating segments into reportable segments based upon similar economic characteristics, services, processes, and customers. Our new reportable segments consist of Business & Industry (“B&I”), Aviation, Emerging Industries Group, Technical Solutions, and Government Services, as further described below.
REPORTABLE SEGMENTS AND DESCRIPTIONS
B&I
B&I represents our largest reportable segment. It encompasses janitorial, facilities engineering, and parking services to commercial real estate industries, sports and entertainment venues, and industrial and manufacturing sites.
Aviation
Aviation includes services supporting airlines and airports. A wide array of services that support the needs of our clients are included in this segment, ranging from parking and janitorial to passenger assistance, catering, air cabin maintenance, and transportation. Aviation also includes one of our investments in an unconsolidated affiliate that was previously part of our government business under our legacy Building & Energy Solutions segment.
Emerging Industries Group
Our Emerging Industries Group encompasses janitorial, facilities engineering, and parking services for the Education, Healthcare, and High Tech industries, which have been combined into one reportable segment.
Technical Solutions
Technical Solutions provides specialized mechanical and electrical services. These services can also be leveraged for cross-selling within B&I, Aviation, and the Emerging Industries Group, both domestically and internationally.
Government Services
Our held-for-sale Government Services business provides specialty solutions in support of U.S. government entities, such as: construction management; healthcare support; leadership development; military base operations; and other mission support services.
Financial Information by Reportable Segment
 
Three Months Ended April 30,
 
Six Months Ended April 30,
(in millions)
2017
 
2016
 
2017
 
2016
Revenues
 
 
 
 
 
 
 
Business & Industry
$
732.6

 
$
730.4

 
$
1,487.6

 
$
1,474.0

Aviation
232.2

 
203.0

 
464.2

 
406.8

Emerging Industries Group
192.0

 
195.0

 
392.6

 
394.1

Technical Solutions
110.8

 
100.9

 
218.5

 
194.4

Government Services
42.9

 
27.7

 
74.3

 
56.2

 
$
1,310.5

 
$
1,257.1

 
$
2,637.2

 
$
2,525.5

Operating profit (loss)
 
 
 
 
 
 
 
Business & Industry
$
41.0

 
$
32.6

 
$
73.4

 
$
61.0

Aviation
7.6

 
5.5

 
13.0

 
9.4

Emerging Industries Group
12.0

 
12.9

 
24.4

 
27.8

Technical Solutions
10.6

 
4.3

 
18.8

 
8.3

Government Services
18.2

 
(1.5
)
 
20.0

 
(1.3
)
Corporate
(36.4
)
 
(40.3
)
 
(71.0
)
 
(75.5
)
Adjustment for income from unconsolidated affiliates, net, included in Aviation and Government Services
(1.1
)
 
(0.8
)
 
(2.4
)
 
(3.3
)
Adjustment for tax deductions for energy efficient government buildings, included in Technical Solutions
(0.8
)
 
(0.9
)
 
(1.4
)
 
(1.1
)
 
51.0

 
11.8

 
74.8

 
25.4

Income from unconsolidated affiliates, net
0.9

 
0.9

 
2.3

 
3.3

Interest expense
(3.0
)
 
(2.4
)
 
(6.3
)
 
(5.1
)
Income from continuing operations before income taxes
$
48.9

 
$
10.3

 
$
70.9

 
$
23.6

The accounting policies for our segments are the same as those disclosed within our significant accounting policies in Note 2, “Basis of Presentation and Significant Accounting Policies.” Our management evaluates the performance of each reportable segment based on its respective operating profit results, which include the allocation of certain centrally incurred costs. Corporate expenses not allocated to segments include certain CEO and other finance and human resource departmental expenses, certain information technology costs, share-based compensation, certain legal costs and settlements, restructuring and related costs, certain adjustments resulting from actuarial developments of self-insurance reserves, and direct acquisition costs.