XML 38 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Tables)
 9 Months Ended
Sep. 28, 2018
Text Block [Abstract]  
Schedule Of Revenue, Operating Income And Identifiable Assets By Segment

 
Reporting Segments
 
Buildings and Infrastructure
 
Geospatial
 
Resources and Utilities
 
Transportation
 
Total
(In millions)
 
 
 
 
 
 
 
 
 
Third Quarter of Fiscal 2018
 
 
 
 
 
 
 
 
 
Revenue
$
286.6

 
$
185.4

 
$
133.0

 
$
190.2

 
$
795.2

Acquired deferred revenue adjustment
9.2

 
—

 
0.2

 
0.1

 
9.5

Segment revenue
$
295.8

 
$
185.4

 
$
133.2

 
$
190.3

 
$
804.7

 
 
 
 
 
 
 
 
 
 
Operating income
$
60.9

 
$
47.4

 
$
38.3

 
$
37.0

 
$
183.6

Acquired deferred revenue adjustment
9.2

 
—

 
0.2

 
0.1

 
9.5

Amortization of acquired capitalized commissions
(1.8
)
 
—

 
—

 
—

 
(1.8
)
Segment operating income
$
68.3

 
$
47.4

 
$
38.5

 
$
37.1

 
$
191.3

 
 
 
 
 
 
 
 
 
 
  Depreciation expense
$
1.8

 
$
1.5

 
$
1.1

 
$
1.1

 
$
5.5

Third Quarter of Fiscal 2017
 
 
 
 
 
 
 
 
 
Revenue (*As Adjusted)
$
217.9

 
$
169.4

 
$
117.2

 
$
171.7

 
$
676.2

Acquired deferred revenue adjustment
0.1

 
—

 
0.4

 
0.2

 
0.7

Segment revenue
$
218.0

 
$
169.4

 
$
117.6

 
$
171.9

 
$
676.9

 
 
 
 
 
 
 
 
 
 
Operating income (*As Adjusted)
$
55.1

 
$
36.3

 
$
27.2

 
$
30.3

 
$
148.9

Acquired deferred revenue adjustment
0.1

 
—

 
0.4

 
0.2

 
0.7

Amortization of acquired capitalized commissions
(0.2
)
 
—

 
—

 
—

 
(0.2
)
Segment operating income
$
55.0

 
$
36.3

 
$
27.6

 
$
30.5

 
$
149.4

 
 
 
 
 
 
 
 
 
 
     Depreciation expense
$
1.4

 
$
1.5

 
$
0.9

 
$
1.3

 
$
5.1


 
Reporting Segments
 
Buildings and Infrastructure
 
Geospatial
 
Resources and Utilities
 
Transportation
 
Total
(In millions)
 
 
 
 
 
 
 
 
 
First Three Quarters of Fiscal 2018
 
 
 
 
 
 
 
 
 
Revenue
$
785.6

 
$
544.3

 
$
437.2

 
$
555.8

 
$
2,322.9

Acquired deferred revenue adjustment
15.1

 
—

 
0.8

 
0.3

 
16.2

Segment revenue
$
800.7

 
$
544.3

 
$
438.0

 
$
556.1

 
$
2,339.1

 
 
 
 
 
 
 
 
 
 
Operating income
$
171.8

 
$
126.3

 
$
132.3

 
$
98.5

 
$
528.9

Acquired deferred revenue adjustment
15.1

 
—

 
0.8

 
0.3

 
16.2

Amortization of acquired capitalized commissions
(2.7
)
 
—

 
(0.2
)
 
—

 
(2.9
)
Segment operating income
$
184.2

 
$
126.3

 
$
132.9

 
$
98.8

 
$
542.2

 
 
 
 
 
 
 
 
 
 
  Depreciation expense
$
4.6

 
$
4.4

 
$
3.1

 
$
3.4

 
$
15.5

First Three Quarters of Fiscal 2017
 
 
 
 
 
 
 
 
 
Revenue (*As Adjusted)
$
625.0

 
$
483.6

 
$
349.0

 
$
489.1

 
$
1,946.7

Acquired deferred revenue adjustment
0.4

 
—

 
0.6

 
0.5

 
1.5

Segment revenue
$
625.4

 
$
483.6

 
$
349.6

 
$
489.6

 
$
1,948.2

 
 
 
 
 
 
 
 
 
 
Operating income (*As Adjusted)
$
134.6

 
$
94.0

 
$
104.8

 
$
79.2

 
$
412.6

Acquired deferred revenue adjustment
0.4

 
—

 
0.6

 
0.5

 
1.5

Amortization of acquired capitalized commissions
(0.7
)
 
—

 
(0.1
)
 
(0.1
)
 
(0.9
)
Segment operating income
$
134.3

 
$
94.0

 
$
105.3

 
$
79.6

 
$
413.2

 
 
 
 
 
 
 
 
 
 
     Depreciation expense
$
4.7

 
$
4.3

 
$
2.1

 
$
4.1

 
$
15.2


 
Reporting Segments
 
Buildings and Infrastructure
 
Geospatial
 
Resources and Utilities
 
Transportation
 
Total
(In millions)
 
 
 
 
 
 
 
 
 
As of the Third Quarter of Fiscal 2018
 
 
 
 
 
 
 
 
 
Accounts receivable, net
$
165.1

 
$
125.8

 
$
71.0

 
$
114.1

 
$
476.0

Inventories
66.5

 
131.4

 
45.5

 
42.9

 
286.3

Goodwill
1,983.1

 
408.1

 
310.0

 
847.4

 
3,548.6

As of Fiscal Year End 2017
 
 
 
 
 
 
 
 
 
Accounts receivable, net (*As Adjusted)
120.1

 
121.5

 
78.5

 
107.6

 
427.7

Inventories (*As Adjusted)
62.1

 
110.3

 
46.0

 
46.2

 
264.6

Goodwill
$
706.8

 
$
415.3

 
$
314.5

 
$
850.5

 
$
2,287.1

* See Note 2 for a summary of adjustments
Reconciliation Of The Company's Consolidated Segment Operating Income To Consolidated Income Before Income Taxes
A reconciliation of the Company’s consolidated segment operating income to consolidated income before income taxes is as follows: 
 
Third Quarter of
 
First Three Quarters of
 
2018
 
2017
 
2018
 
2017
 
 
 
*As Adjusted
 
 
 
*As Adjusted
(In millions)
 
 
 
 
 
 
 
Consolidated segment operating income
$
191.3

 
$
149.4

 
$
542.2

 
$
413.2

Unallocated corporate expense
(24.3
)
 
(23.0
)
 
(70.2
)
 
(61.8
)
Restructuring charges
(2.6
)
 
(1.6
)
 
(6.8
)
 
(7.8
)
Acquired deferred revenue adjustment
(9.5
)
 
(0.7
)
 
(16.2
)
 
(1.5
)
Amortization of purchased intangible assets
(49.8
)
 
(40.0
)
 
(132.9
)
 
(109.1
)
Stock-based compensation
(18.8
)
 
(16.1
)
 
(53.1
)
 
(45.0
)
Amortization of acquired capitalized commissions
1.8

 
0.2

 
2.9

 
0.9

Amortization of acquisition-related inventory step-up
—

 
(2.2
)
 
—

 
(2.8
)
Acquisition / divestiture items
(10.7
)
 
0.3

 
(34.8
)
 
(6.1
)
Consolidated operating income
77.4

 
66.3

 
231.1

 
180.0

Non-operating income (expense), net:
(13.3
)
 
5.6

 
(21.1
)
 
19.6

Consolidated income before taxes
$
64.1

 
$
71.9

 
$
210.0

 
$
199.6


* See Note 2 for a summary of adjustments
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
he disaggregation of revenue by geography is summarized in the tables below. Revenue is defined as revenue from external customers attributed to countries based on the location of the customer and excludes the effects of certain acquired deferred revenue that was written down to fair value in purchase accounting, consistent with the Reporting Segment tables above.
 
Reporting Segments
 
Buildings and Infrastructure
 
Geospatial
 
Resources and Utilities
 
Transportation
 
Total
(In millions)
 
 
 
 
 
 
 
 
 
Third Quarter of Fiscal 2018
 
 
 
 
 
 
 
 
 
North America
$
167.8

 
$
83.4

 
$
43.5

 
$
156.7

 
$
451.4

Europe
77.7

 
48.8

 
55.3

 
21.7

 
203.5

Asia Pacific
45.0

 
42.2

 
12.1

 
11.5

 
110.8

Rest of World
5.3

 
11.0

 
22.3

 
0.4

 
39.0

Total consolidated revenue
$
295.8

 
$
185.4

 
$
133.2

 
$
190.3

 
$
804.7

Third Quarter of Fiscal 2017 (*As Adjusted)
 
 
 
 
 
 
 
 
 
North America
$
111.9

 
$
74.9

 
$
37.4

 
$
142.3

 
$
366.5

Europe
60.1

 
44.1

 
45.4

 
18.5

 
168.1

Asia Pacific
37.1

 
39.4

 
13.4

 
9.3

 
99.2

Rest of World
8.9

 
11.0

 
21.4

 
1.8

 
43.1

Total consolidated revenue
$
218.0

 
$
169.4

 
$
117.6

 
$
171.9

 
$
676.9

First Three Quarters of Fiscal 2018
 
 
 
 
 
 
 
 
 
North America
$
433.2

 
$
223.0

 
$
140.3

 
$
455.0

 
$
1,251.5

Europe
236.9

 
154.6

 
197.6

 
64.4

 
653.5

Asia Pacific
111.6

 
130.4

 
35.7

 
35.0

 
312.7

Rest of World
19.0

 
36.3

 
64.4

 
1.7

 
121.4

Total consolidated revenue
$
800.7

 
$
544.3

 
$
438.0

 
$
556.1

 
$
2,339.1

First Three Quarters of Fiscal 2017 (*As Adjusted)
 
 
 
 
 
 
 
 
 
North America
$
326.8

 
$
194.3

 
$
125.1

 
$
406.6

 
$
1,052.8

Europe
180.3

 
131.5

 
131.9

 
52.1

 
495.8

Asia Pacific
91.9

 
119.4

 
35.7

 
26.8

 
273.8

Rest of World
26.4

 
38.4

 
56.9

 
4.1

 
125.8

Total consolidated revenue
$
625.4

 
$
483.6

 
$
349.6

 
$
489.6

 
$
1,948.2

* Adjusted to reflect adoption of the new revenue recognition standard, Revenue from Contracts with Customers. For further information, see Note 2.