SEGMENT INFORMATION

The Company's products are primarily sold in TIFFANY & CO. retail locations around the world. Net sales by geographic area are presented by attributing revenues from external customers on the basis of the country in which the merchandise is sold.

In deciding how to allocate resources and assess performance, the Company's Chief Operating Decision Maker regularly evaluates the performance of its reportable segments on the basis of net sales and earnings from operations, after the elimination of inter-segment sales and transfers. The accounting policies of the reportable segments are the same as those described in "Note B. Summary of Significant Accounting Policies."

Certain information relating to the Company's segments is set forth below:



	Years Ended January 31,
(in millions)	2018		2017		2016
Net sales:
Americas	$	1,870.9	$	1,841.9	$	1,947.0
Asia-Pacific	1,095.0		999.1		1,003.1
Japan	596.3		604.4		541.3
Europe	482.9		457.6		505.7
Total reportable segments	4,045.1		3,903.0		3,997.1
Other	124.7		98.8		107.8
	$	4,169.8	$	4,001.8	$	4,104.9
Earnings from operations*:
Americas	$	390.3	$	373.0	$	390.8
Asia-Pacific	286.1		256.0		264.4
Japan	207.3		204.6		199.9
Europe	86.3		81.6		97.4
Total reportable segments	970.0		915.2		952.5
Other	6.3		5.9		6.4
	$	976.3	$	921.1	$	958.9


*	Represents earnings from operations before (i) unallocated corporate expenses, (ii) interest expense, financing costs and other (income) expense, net, and (iii) other operating expenses.

The Company's Chief Operating Decision Maker does not evaluate the performance of the Company's assets on a segment basis for internal management reporting and, therefore, such information is not presented.

The following table sets forth a reconciliation of the segments' earnings from operations to the Company's consolidated earnings from operations before income taxes:



	Years Ended January 31,
(in millions)	2018			2017			2016
Earnings from operations for segments	$	976.3		$	921.1		$	958.9
Unallocated corporate expenses	(181.8		)	(161.9		)	(152.1		)
Interest expense, financing costs and other (income) expense, net	(34.0		)	(44.6		)	(50.2		)
Other operating expenses	—			(38.0		)	(46.7		)
Earnings from operations before income taxes	$	760.5		$	676.6		$	709.9

Unallocated corporate expenses includes certain costs related to administrative support functions which the Company does not allocate to its segments. Such unallocated costs include those for centralized information technology, finance, legal and human resources departments.

Other operating expenses in the year ended January 31, 2017 represent an impairment charge related to software costs capitalized in connection with the development of a new finished goods inventory management and merchandising information system and impairment charges related to financing arrangements with diamond mining and exploration companies. See "Note B. Summary of Significant Accounting Policies" and "Note E. Property, Plant and Equipment" for additional details on the asset impairment and "Note B. Summary of Significant Accounting Policies" for additional details on the loan impairments.

Other operating expense in the year ended January 31, 2016 represents impairment charges related to a financing arrangement with Koidu and expenses related to specific cost-reduction initiatives. See "Note B. Summary of Significant Accounting Policies" for additional details on the impairment charges and "Note J. Commitments and Contingencies" for additional details related to the specific cost-reduction initiatives.

Sales to unaffiliated customers and long-lived assets by geographic areas were as follows:



	Years Ended January 31,
(in millions)	2018		2017		2016
Net sales:
United States	$	1,739.0	$	1,691.4	$	1,795.5
Japan	596.3		604.4		541.3
Other countries	1,834.5		1,706.0		1,768.1
	$	4,169.8	$	4,001.8	$	4,104.9
Long-lived assets:
United States	$	724.5	$	691.3	$	706.9
Japan	21.4		21.7		20.6
Other countries	301.4		269.0		256.7
	$	1,047.3	$	982.0	$	984.2

Classes of Similar Products



	Years Ended January 31,
(in millions)	2018		2017		2016
Net sales:
Jewelry collections	$	2,193.2	$	2,043.9	$	2,129.2
Engagement jewelry	1,065.4		1,122.0		1,142.2
Designer jewelry	551.2		529.1		526.4
All other	360.0		306.8		307.1
	$	4,169.8	$	4,001.8	$	4,104.9

The Jewelry collections category reflects the combination of the previously reported high, fine & solitaire jewelry and fashion jewelry categories. Additionally, jewelry bearing the name of and attributed to Jean Schlumberger, which was previously reported within the high, fine & solitaire jewelry category, has been reclassified into the Designer jewelry category. Such changes or reclassifications have been made to conform with management's current internal analysis of product sales and are reflected for each of the periods presented in the table above.