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SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Financial Information by Segment | The table below shows revenue and Adjusted Operating Income by reportable segment. Adjusted Operating Income is a financial metric utilized by the Company’s CODM to assess the profitability of each reportable segment. Refer to Note 2 for further details on the components of the Company’s revenue.
| Three Months Ended March 31,
| 2024 |  | 2023
| MA |  | MIS |  | Eliminations |  | Consolidated |  | MA |  | MIS |  | Eliminations |  | Consolidated
Total external revenue | $ | 799 |  |  | $ | 987 |  |  | $ | — |  |  | $ | 1,786 |  |  | $ | 737 |  |  | $ | 733 |  |  | $ | — |  |  | $ | 1,470 |
Intersegment revenue | 3 |  |  | 47 |  |  | (50) |  |  | — |  |  | 3 |  |  | 45 |  |  | (48) |  |  | — |
Revenue | 802 |  |  | 1,034 |  |  | (50) |  |  | 1,786 |  |  | 740 |  |  | 778 |  |  | (48) |  |  | 1,470 |
Operating, SG&A | 564 |  |  | 366 |  |  | (50) |  |  | 880 |  |  | 526 |  |  | 336 |  |  | (48) |  |  | 814 |
Adjusted Operating Income | $ | 238 |  |  | $ | 668 |  |  | $ | — |  |  | $ | 906 |  |  | $ | 214 |  |  | $ | 442 |  |  | $ | — |  |  | $ | 656 |
Add: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization | 82 |  |  | 18 |  |  | — |  |  | 100 |  |  | 70 |  |  | 18 |  |  | — |  |  | 88 |
Restructuring | 2 |  |  | 3 |  |  | — |  |  | 5 |  |  | 8 |  |  | 6 |  |  | — |  |  | 14 |
Operating Income |  |  |  |  |  |  | $ | 801 |  |  |  |  |  |  |  |  | $ | 554 |
Restructuring Expenses Included in Consolidated Statements of Operations | Total expense included in the accompanying consolidated statements of operations relating to the aforementioned restructuring program is below:
| Three months ended March 31, |  | Cumulative expense incurred
2022 - 2023 Geolocation Restructuring Program | 2024 |  | 2023 |
Employee Termination Costs | $ | 5 |  |  | $ | 13 |  |  | $ | 141 |
Real Estate Related Costs | — |  |  | 1 |  |  | 63 |
Other Costs | — |  |  | — |  |  | 1 |
Total Restructuring | $ | 5 |  |  | $ | 14 |  |  | $ | 205 |
The table below shows cumulative restructuring expense incurred through March 31, 2024 by reportable segment.
| MA |  | MIS |  | Total
2022 - 2023 Geolocation Restructuring Program | $ | 110 |  |  | $ | 95 |  |  | $ | 205 |
Company's Reportable Segment Revenues Disaggregated by Segment and Geographic Region | The following table presents the Company’s reportable segment revenues disaggregated by segment and geographic region:
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
MA: |  |  |  |  |  |  |
U.S. | $ | 337 |  |  | $ | 317 |  |  |  |  |
Non-U.S.: |  |  |  |  |  |  |
EMEA | 316 |  |  | 287 |  |  |  |  |
Asia-Pacific | 85 |  |  | 78 |  |  |  |  |
Americas | 61 |  |  | 55 |  |  |  |  |
Total Non-U.S. | 462 |  |  | 420 |  |  |  |  |
Total MA | 799 |  |  | 737 |  |  |  |  |
MIS: |
U.S. | 632 |  |  | 446 |  |  |  |  |
Non-U.S.: |  |  |  |  |  |  |
EMEA | 226 |  |  | 173 |  |  |  |  |
Asia-Pacific | 70 |  |  | 71 |  |  |  |  |
Americas | 59 |  |  | 43 |  |  |  |  |
Total Non-U.S. | 355 |  |  | 287 |  |  |  |  |
Total MIS | 987 |  |  | 733 |  |  |  |  |
Total MCO | $ | 1,786 |  |  | $ | 1,470 |  |  |  |  |
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
United States | $ | 969 |  |  | $ | 763 |  |  |  |  |
Non-U.S.: |  |  |  |  |  |  |
EMEA | 542 |  |  | 460 |  |  |  |  |
Asia-Pacific | 155 |  |  | 149 |  |  |  |  |
Americas | 120 |  |  | 98 |  |  |  |  |
Total Non-U.S. | 817 |  |  | 707 |  |  |  |  |
Total | $ | 1,786 |  |  | $ | 1,470 |  |  |  |  |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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