Segment Information (Tables)

6 Months Ended

Jul. 02, 2021

Schedule Of Revenue, Operating Income And Identifiable Assets By Segment


	Reporting Segments
	Buildings and Infrastructure		Geospatial		Resources and Utilities		Transportation		Total
(In millions)
Second Quarter of Fiscal 2021
Revenue	$	364.7	$	219.7	$	197.5	$	163.3	$	945.2
Acquired deferred revenue adjustment	0.1		—		—		—		0.1
Segment revenue	$	364.8	$	219.7	$	197.5	$	163.3	$	945.3

Operating income	$	105.1	$	66.1	$	70.5	$	12.8	$	254.5
Acquired deferred revenue adjustment	0.1		—		—		—		0.1
Amortization of acquired capitalized commissions	(1.1)		—		—		—		(1.1)
Segment operating income	$	104.1	$	66.1	$	70.5	$	12.8	$	253.5

Depreciation expense	$	1.8	$	1.8	$	1.5	$	1.1	$	6.2

Second Quarter of Fiscal 2020
Revenue	$	295.2	$	145.2	$	142.9	$	150.3	$	733.6
Acquired deferred revenue adjustment	0.1		—		0.9		0.6		1.6
Segment revenue	$	295.3	$	145.2	$	143.8	$	150.9	$	735.2

Operating income	$	86.6	$	37.4	$	48.3	$	13.8	$	186.1
Acquired deferred revenue adjustment	0.1		—		0.9		0.6		1.6
Amortization of acquired capitalized commissions	(1.3)		—		(0.1)		—		(1.4)
Segment operating income	$	85.4	$	37.4	$	49.1	$	14.4	$	186.3

Depreciation expense	$	2.0	$	1.5	$	1.3	$	1.1	$	5.9


First Two Quarters of Fiscal 2021
Revenue	$	707.7	$	401.4	$	402.7	$	319.9	$	1,831.7
Acquired deferred revenue adjustment	0.2		—		—		0.1		0.3
Segment revenue	$	707.9	$	401.4	$	402.7	$	320.0	$	1,832.0

Operating income	$	202.5	$	114.8	$	150.6	$	21.2	$	489.1
Acquired deferred revenue adjustment	0.2		—		—		0.1		0.3
Amortization of acquired capitalized commissions	(2.2)		—		—		(0.1)		(2.3)
Segment operating income	$	200.5	$	114.8	$	150.6	$	21.2	$	487.1

Depreciation expense	$	3.6	$	3.5	$	3.0	$	2.0	$	12.1

First Two Quarters of Fiscal 2020
Revenue	$	592.0	$	291.4	$	321.9	$	320.6	$	1,525.9
Acquired deferred revenue adjustment	0.2		—		2.2		0.9		$	3.3
Segment revenue	$	592.2	$	291.4	$	324.1	$	321.5	$	1,529.2

Operating income	$	148.7	$	67.9	$	113.9	$	30.5	361.0
Acquired deferred revenue adjustment	0.2		—		2.2		0.9		3.3
Amortization of acquired capitalized commissions	(2.7)		—		(0.1)		(0.1)		(2.9)
Segment operating income	$	146.2	$	67.9	$	116.0	$	31.3	$	361.4

Depreciation expense	$	4.1	$	2.9	$	2.6	$	2.2	$	11.8


	Reporting Segments
	Buildings and Infrastructure		Geospatial		Resources and Utilities		Transportation		Total
(In millions)
As of the end of the Second Quarter of Fiscal 2021
Accounts receivable, net	$	206.3	$	123.0	$	101.0	$	152.9	$	583.2
Inventories	58.9		121.8		54.5		63.3		298.5
Goodwill	1,983.6		411.5		451.5		1,000.2		3,846.8
As of Fiscal Year End 2020
Accounts receivable, net	$	260.1	$	117.5	$	91.2	$	151.7	$	620.5
Inventories	59.1		120.1		49.0		73.5		301.7
Goodwill	1,997.4		415.7		453.8		1,009.6		3,876.5

Reconciliation Of Our Condensed Consolidated Segment Operating Income To Condensed Consolidated Income Before Income Taxes

A reconciliation of our condensed consolidated segment operating income to condensed consolidated income before income taxes was as follows:


	Second Quarter of				First Two Quarters of
	2021		2020		2021		2020
(In millions)
Consolidated segment operating income	$	253.5	$	186.3	$	487.1	$	361.4
Unallocated general corporate expenses	(24.9)		(16.4)		(49.3)		(30.3)
Acquired deferred revenue adjustment	(0.1)		(1.6)		(0.3)		(3.3)
Amortization of acquired capitalized commissions	1.1		1.4		2.3		2.9
Amortization of purchased intangible assets	(35.0)		(39.8)		(70.8)		(80.2)
Acquisition / divestiture items	(6.6)		(1.9)		(10.1)		(12.7)
Stock-based compensation / deferred compensation	(38.3)		(25.4)		(67.0)		(29.9)
Restructuring and other costs	(4.9)		(5.0)		(6.2)		(12.0)

Consolidated operating income	144.8		97.6		285.7		195.9
Total non-operating income (expense), net	17.6		(6.7)		14.1		(25.6)
Consolidated income before taxes	$	162.4	$	90.9	$	299.8	$	170.3

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

On a total Company basis, the 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)
Second Quarter of Fiscal 2021
North America	$	212.2	$	97.2	$	60.4	$	123.3	$	493.1
Europe	101.0		72.2		93.6		25.1		291.9
Asia Pacific	45.8		39.5		15.1		7.6		108.0
Rest of World	5.8		10.8		28.4		7.3		52.3
Total segment revenue	$	364.8	$	219.7	$	197.5	$	163.3	$	945.3
Second Quarter of Fiscal 2020
North America	$	175.6	$	57.7	$	51.8	$	117.0	$	402.1
Europe	78.0		45.1		63.3		20.7		207.1
Asia Pacific	36.4		33.4		14.0		7.0		90.8
Rest of World	5.3		9.0		14.7		6.2		35.2
Total segment revenue	$	295.3	$	145.2	$	143.8	$	150.9	$	735.2
First Two Quarters of Fiscal 2021
North America	$	412.0	$	169.7	$	114.0	$	247.8	$	943.5
Europe	195.3		132.6		199.4		44.8		572.1
Asia Pacific	89.4		77.0		36.1		15.3		217.8
Rest of World	11.2		22.1		53.2		12.1		98.6
Total segment revenue	$	707.9	$	401.4	$	402.7	$	320.0	$	1,832.0
First Two Quarters of Fiscal 2020
North America	$	347.7	$	114.5	$	105.5	$	248.8	$	816.5
Europe	159.6		95.8		153.7		39.8		448.9
Asia Pacific	73.5		62.1		31.5		17.5		184.6
Rest of World	11.4		19.0		33.4		15.4		79.2
Total segment revenue	$	592.2	$	291.4	$	324.1	$	321.5	$	1,529.2