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Reporting Segment And Geographic Information
 12 Months Ended
Jan. 03, 2025
Segment Reporting, Measurement Disclosures [Abstract]  
Reporting Segment And Geographic Information
NOTE 7: REPORTING SEGMENT AND GEOGRAPHIC INFORMATION
We determined our operating segments based on how our CODM (our Chief Executive Officer) views and evaluates operations. Various factors, including market separation and customer-specific applications, go-to-market channels, and products and services, were considered in determining these operating segments. Our CODM uses segment revenue and operating income to assess segment performance and to allocate resources. The CODM evaluates segment revenue and operating income by considering periodic forecast-to-actual variances and trends, as well as overall strategic initiatives. Asset information by segments is not regularly reviewed by the CODM.
In each of our segments, we sell many individual products. For this reason, it is impracticable to segregate and identify revenue for each of the individual products or group of products we sell.
Our reportable segments are described below:
•Architects, Engineers, Construction and Owners (“AECO”). This segment primarily provides software solutions that sell primarily through a direct channel to customers in the construction industry.
•Field Systems. This segment primarily provides hardware and associated software solutions that sell primarily through dealer partner channels.
•Transportation and Logistics (“T&L”). This segment primarily provides solutions for customers working in long haul trucking and freight shipper markets.
The following reporting segment tables reflect the revenue, costs and expenses, and operating income of our reportable operating segments under our management reporting system. Segment costs and expenses include directly attributable costs and certain indirect costs allocated to segments, such as facilities, information technology, cloud services, finance, legal, and human resources. This is consistent with the way the CODM evaluates each of the segment's performance and allocates resources.
 Reporting Segments
 
AECO
Field Systems
T&L
(In millions)   
2024
Segment revenue$1,358.6 $1,535.9 $788.8 
Cost of sales
220.4 666.3 280.2 
Operating expense
674.6 427.6 353.5 
Operating income
$463.6 $442.0 $155.1 
Operating income %
34.1 %28.8 %19.7 %
2023
Segment revenue$1,110.5 $1,967.9 $720.3 
Cost of sales
213.3 843.4 278.8 
Operating expense
568.2 521.0 323.3 
Operating income
$329.0 $603.5 $118.2 
Operating income %
29.6 %30.7 %16.4 %
2022
Segment revenue$941.7 $2,151.3 $583.3 
Cost of sales201.2 997.4 268.2 
Operating expense
481.4 498.0 265.3 
Operating income
$259.1 $655.9 $49.8 
Operating income %
27.5 %30.5 %8.5 %
A reconciliation of our total segment operating income to consolidated income before income taxes was as follows: 
 202420232022
(In millions)  
Total segment operating income
$1,060.7 $1,050.7 $964.8 
Unallocated general corporate expenses(123.5)(116.0)(123.3)
Amortization of purchased intangible assets(199.0)(212.3)(131.6)
Acquisition / divestiture items(81.6)(72.4)(32.8)
Stock-based compensation / deferred compensation(163.5)(151.1)(112.0)
Restructuring and other costs(32.4)(50.1)(54.2)
Consolidated operating income460.7 448.8 510.9 
Total non-operating income (expense), net1,545.2 (91.8)58.2 
Consolidated income before taxes$2,005.9 $357.0 $569.1 
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
 AECOField SystemsT&LTotal
(In millions)    
2024
North America$819.8 $785.9 $473.0 $2,078.7 
Europe375.9 416.0 258.4 1,050.3 
Asia Pacific125.5 224.8 14.9 365.2 
Rest of World37.4 109.2 42.5 189.1 
Total segment revenue$1,358.6 $1,535.9 $788.8 $3,683.3 
2023
North America$655.5 $892.9 $470.1 $2,018.5 
Europe293.7 581.2 201.3 1,076.2 
Asia Pacific98.1 320.6 10.2 428.9 
Rest of World63.2 173.2 38.7 275.1 
Total segment revenue$1,110.5 $1,967.9 $720.3 $3,798.7 
2022
North America$554.7 $941.6 $458.9 $1,955.2 
Europe267.2 684.2 86.5 1,037.9 
Asia Pacific83.9 321.3 9.9 415.1 
Rest of World35.9 204.2 28.0 268.1 
Total segment revenue$941.7 $2,151.3 $583.3 $3,676.3 
Total revenue in the United States as included in the Consolidated Statements of Income was $1,911.2 million, $1,855.2 million, and $1,777.4 million in 2024, 2023, and 2022. No single customer or country other than the United States accounted for 10% or more of our total revenue in 2024, 2023, and 2022. No single customer accounted for 10% or more of our accounts receivable at the end of 2024 and 2023.
The following table presents our physical long-lived assets by geographic area, which consist of property and equipment, net and operating lease right-of-use assets:
At the End of Year20242023
(In millions)  
United States$178.0 $179.3 
Europe96.0 105.6 
Asia Pacific and Rest of World37.9 41.6 
Total long-lived assets
$311.9 $326.5