Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Revenue, Operating Income and Identifiable Assets by Segment

	Reporting Segments
	Buildings and Infrastructure		Geospatial		Resources and Utilities		Transportation		Total
(In millions)
First Quarter of 2023
Segment revenue	$	399.5	$	152.4	$	208.6	$	154.9	$	915.4
Segment operating income	$	113.3	$	37.3	$	79.1	$	23.4	$	253.1
First Quarter of 2022
Segment revenue	$	397.6	$	207.5	$	229.9	$	158.7	$	993.7
Segment operating income	$	120.7	$	57.9	$	75.1	$	9.2	$	262.9

	Reporting Segments
	Buildings and Infrastructure		Geospatial		Resources and Utilities		Transportation		Total
(In millions)
As of the end of the First Quarter of 2023
Accounts receivable, net	$	231.9	$	126.8	$	89.7	$	130.4	$	578.8
Inventories	94.0		149.7		106.0		59.7		409.4
Goodwill	2,329.2		384.3		478.0		985.1		4,176.6
As of Year End 2022
Accounts receivable, net	$	305.1	$	137.2	$	79.2	$	121.8	$	643.3
Inventories	93.2		146.1		100.3		62.9		402.5
Goodwill	2,300.1		382.1		471.8		983.9		4,137.9

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: 

	First Quarter of
	2023		2022
(In millions)
Consolidated segment operating income	$	253.1	$	262.9
Unallocated general corporate expenses	(27.0)		(29.8)
Amortization of purchased intangible assets	(34.7)		(34.6)
Acquisition / divestiture items	(7.0)		(3.9)
Stock-based compensation / deferred compensation	(35.4)		(25.0)
Restructuring and other costs	(12.0)		(12.7)
Consolidated operating income	137.0		156.9
Total non-operating income (expense), net	23.6		(18.4)
Consolidated income before taxes	$	160.6	$	138.5

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

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 is consistent with the Reporting Segment tables above.

	Reporting Segments
	Buildings and Infrastructure		Geospatial		Resources and Utilities		Transportation		Total
(In millions)
First Quarter of 2023
North America	$	249.8	$	57.7	$	54.9	$	119.4	$	481.8
Europe	94.2		52.2		99.1		22.3		267.8
Asia Pacific	48.1		32.4		16.0		6.6		103.1
Rest of World	7.4		10.1		38.6		6.6		62.7
Total segment revenue	$	399.5	$	152.4	$	208.6	$	154.9	$	915.4
First Quarter of 2022
North America	$	231.9	$	83.4	$	59.0	$	124.1	$	498.4
Europe	112.3		71.2		114.0		21.7		319.2
Asia Pacific	46.9		42.0		19.2		7.4		115.5
Rest of World	6.5		10.9		37.7		5.5		60.6
Total segment revenue	$	397.6	$	207.5	$	229.9	$	158.7	$	993.7