BUSINESS SEGMENT INFORMATION Business Segment information (Notes)

3 Months Ended

Mar. 31, 2020

Segment Reporting Information [Line Items]

Segment Reporting Disclosure [Text Block]

BUSINESS SEGMENT INFORMATION

The following table is a summary of segment information for the three months ended March 31, 2020, and 2019. The management approach has been used to present the following segment information. This approach is based upon the way the management of the Company organizes segments within an enterprise for making operating decisions and assessing performance. Financial information is reported on the basis that it is used internally by the chief operating decision maker (CODM) for evaluating segment performance and deciding how to allocate resources to segments. The Company’s chief executive officer has been identified as the CODM.

Segment asset information is not presented because it is not used by the CODM at the segment level. Operating earnings of each segment represents revenues less directly identifiable expenses to arrive at operating income for the segment. General management and administrative corporate expenses are included in general corporate expenses below.

	Three Months Ended
	March 31,
	2020			2019
Revenues:
LCD	$	1,702.0		$	1,722.0
CDD	1,143.8			1,074.7
Intercompany eliminations and other	(22.0		)	(5.5		)
Revenues	2,823.8			2,791.2
Operating earnings (loss):
LCD	188.4			268.3
CDD	(338.7		)	88.0
General corporate expenses	(42.3		)	(38.1		)
Total operating income (loss)	(192.6		)	318.2
Non-operating expenses, net	(75.1		)	(63.5		)
Earnings (loss) before income taxes	(267.7		)	254.7
Provision for income taxes	49.2			68.8
Net earnings (loss)	(316.9		)	185.9
Less net income attributable to noncontrolling interests	(0.3		)	(0.3		)
Net income (loss) attributable to Laboratory Corporation of America Holdings	$	(317.2	)	$	185.6