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Segment Information
6 Months Ended
Apr. 30, 2019
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
 
 
Our reportable segments consist of B&I, Aviation, T&M, Education, Technical Solutions, and Healthcare, as further described below. Refer to Note 2, “Basis of Presentation and Significant Accounting Policies,” for information related to the modification in our presentation of inter-segment revenues.
REPORTABLE SEGMENTS AND DESCRIPTIONS
B&I
B&I, our largest reportable segment, encompasses janitorial, facilities engineering, and parking services for commercial real estate properties and sports and entertainment venues. B&I also provides vehicle maintenance and other services to rental car providers.
Aviation
Aviation supports airlines and airports with services ranging from parking and janitorial to passenger assistance, catering logistics, air cabin maintenance, and transportation.
T&M
T&M provides janitorial, facilities engineering, and parking services to industrial and high-tech manufacturing facilities.
Education
Education delivers janitorial, custodial, landscaping and grounds, facilities engineering, and parking services for public school districts, private schools, colleges, and universities.
Technical Solutions
Technical Solutions specializes in mechanical and electrical services. These services can also be leveraged for cross-selling across all of our industry groups, both domestically and internationally.
Healthcare
Healthcare offers janitorial, facilities management, clinical engineering, food and nutrition, laundry and linen, parking and guest services, and patient transportation services at traditional hospitals and non-acute facilities.

Financial Information by Reportable Segment
 
Three Months Ended April 30,
 
Six Months Ended April 30,
(in millions)
2019
 
2018
 
2019
 
2018
Revenues
 
 
 
 
 
 
 
Business & Industry
$
753.4

 
$
755.1

 
$
1,527.9

 
$
1,511.3

Aviation
250.0

 
249.2

 
502.4

 
509.2

Technology & Manufacturing
224.3

 
227.8

 
460.4

 
460.0

Education
205.6

 
206.9

 
410.3

 
413.8

Technical Solutions
127.6

 
108.5

 
235.5

 
212.5

Healthcare
66.3

 
69.9

 
133.0

 
137.6

Elimination of inter-segment revenues
(32.6
)
 
(36.5
)
 
(67.0
)
 
(75.4
)
 
$
1,594.7

 
$
1,580.8

 
$
3,202.6

 
$
3,169.2

Operating profit (loss)
 
 
 
 
 
 
 
Business & Industry
$
47.7

 
$
43.5

 
$
84.2

 
$
72.0

Aviation
4.8

 
5.1

 
8.7

 
10.9

Technology & Manufacturing
19.2

 
16.0

 
37.4

 
32.9

Education
10.4

 
10.6

 
20.6

 
19.8

Technical Solutions
9.5

 
7.5

 
15.5

 
13.0

Healthcare
2.6

 
2.7

 
3.8

 
5.4

Government Services

 

 
(0.1
)
 
(0.8
)
Corporate
(38.9
)
 
(37.1
)
 
(83.6
)
 
(84.5
)
Adjustment for income from unconsolidated affiliates, included in Aviation
(0.8
)
 
(1.0
)
 
(1.7
)
 
(1.6
)
Adjustment for tax deductions for energy efficient government buildings, included in Technical Solutions

 
(2.0
)
 

 
(2.3
)
 
54.5

 
45.3

 
84.8

 
64.8

Income from unconsolidated affiliates
0.8

 
1.0

 
1.7

 
1.6

Interest expense
(12.8
)
 
(13.8
)
 
(26.3
)
 
(28.1
)
Income from continuing operations before income taxes
$
42.5

 
$
32.5

 
$
60.2

 
$
38.2

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 actuarial adjustments to self-insurance reserves, and direct acquisition costs.
During the third quarter of fiscal year 2019, we initiated an organizational change to better align the services and expertise of our Healthcare business with our other industry groups and to leverage our existing branch network to support the long-term growth of this business. As a result, our Healthcare portfolio will be included primarily in our B&I segment.