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BUSINESS SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
BUSINESS SEGMENT INFORMATION .  BUSINESS SEGMENT INFORMATION
The following table is a summary of segment information for the years ended December 31, 2024, 2023, and 2022. 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.
The Company’s segment performance measure excludes the amortization of intangibles and other assets, restructuring and other charges, goodwill and other asset impairments, and certain corporate charges for items such as transaction costs, COVID-19 costs, and other special items. This aligns with how the CODM now evaluates segment performance and allocates resources. Other operating expenses are comprised primarily of rent, maintenance, consulting sendouts, utilities, travel and entertainment, and other segment expenses, including shipping costs for Dx. Segment asset information is not presented because it is not used by the CODM.
Year Ended December 31, 2024
Revenues:DxBLSIntercompany eliminations and otherLHI
Revenues$10,144.3 $2,922.6 $(58.0)$13,008.9 
Operating Earnings:
Labor4,438.7 1,165.3 
Supplies2,209.6 441.9 
Shipping costs365.8 
Depreciation259.0 122.6 
Other operating expenses1,630.7 368.1 
Segment operating income$1,606.3 $458.9 $2,065.2 
General corporate and unallocated expenses(670.8)
Amortization of intangibles and other assets(256.4)
Restructuring and other charges(46.0)
Goodwill and other asset impairments(5.3)
Total Operating income1,086.7 
Other income (expense):
Interest expense(208.3)
Investment income22.3 
Equity method loss, net(1.4)
Other, net60.2 
Earnings from continuing operations before income taxes$959.5 
Year Ended December 31, 2023
Revenues:DxBLSIntercompany eliminations and otherLHI
Revenues$9,415.1 $2,774.2 $(27.7)$12,161.6 
Operating Earnings:
Labor4,095.7 1,094.0 
Supplies2,066.0 452.2 
Shipping costs333.0 
Depreciation236.1 112.5 
Other operating expenses1,426.0 386.2 
Segment operating income$1,591.3 $396.3 $1,987.6 
General corporate and unallocated expenses(644.1)
Amortization of intangibles and other assets(219.8)
Restructuring and other charges(49.1)
Goodwill and other asset impairments(349.0)
Total Operating income725.6 
Other income (expense):
Interest expense(199.6)
Investment income28.8 
Equity method loss, net(1.4)
Other, net15.5 
Earnings from continuing operations before income taxes$568.9 
Year Ended December 31, 2022
Revenues:DxBLSIntercompany eliminations and otherLHI
Revenues$9,203.5 $2,697.3 $(36.9)$11,863.9 
Operating Earnings:
Labor3,659.6 1,069.6 
Supplies1,914.7 460.6 
Shipping costs311.3 
Depreciation227.1 112.8 
Other operating expenses1,376.6 353.9 
Segment operating income$2,025.5 $389.1 $2,414.6 
General corporate and unallocated expenses(468.8)
Amortization of intangibles and other assets(193.6)
Restructuring and other charges(54.0)
Goodwill and other asset impairments(261.7)
Total Operating income1,436.5 
Other income (expense):
Interest expense(179.8)
Investment income7.5 
Equity method income, net5.4 
Other, net(32.2)
Earnings from continuing operations before income taxes$1,237.4 
Depreciation:

Year Ended December 31,
202420232022
Dx$259.0 $236.1 $227.1 
BLS122.6 112.5 112.8 
General corporate5.5 8.9 3.7 
Total depreciation$387.1 $357.5 $343.6 
Geographic distribution of Property, plant and equipment, net:

Year Ended December 31,
20242023
North America$2,576.1 $2,418.2 
Europe355.5 394.7 
Other113.8 98.9 
Total Property, plant and equipment, net$3,045.4 $2,911.8