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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 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 September 30,
			2024																								2023
			MA						MIS						Eliminations						Consolidated						MA						MIS						Eliminations						Consolidated
Total external revenue			$	831					$	982					$	—					$	1,813					$	776					$	696					$	—					$	1,472
Intersegment revenue			3						48						(51)						—						3						47						(50)						—
Revenue			834						1,030						(51)						1,813						779						743						(50)						1,472
Operating, SG&A			581						416						(51)						946						517						348						(50)						815
Adjusted Operating Income			$	253					$	614					$	—					$	867					$	262					$	395					$	—					$	657
Add:
Depreciation and amortization			88						20						—						108						76						19						—						95
Restructuring			4						2						—						6						22						5						—						27
Charges related to asset abandonment			15						—						—						15						—						—						—						—
Operating Income																					$	738																							$	535

			Nine Months Ended September 30,
			2024																								2023
			MA						MIS						Eliminations						Consolidated						MA						MIS						Eliminations						Consolidated
Total external revenue			$	2,432					$	2,984					$	—					$	5,416					$	2,260					$	2,176					$	—					$	4,436
Intersegment revenue			10						144						(154)						—						10						138						(148)						—
Revenue			2,442						3,128						(154)						5,416						2,270						2,314						(148)						4,436
Operating, SG&A			1,721						1,174						(154)						2,741						1,584						1,034						(148)						2,470
Adjusted Operating Income			$	721					$	1,954					$	—					$	2,675					$	686					$	1,280					$	—					$	1,966
Add:
Depreciation and amortization			260						58						—						318						220						56						—						276
Restructuring			7						6						—						13						38						13						—						51
Charges related to asset abandonment			30						—						—						30						—						—						—						—
Operating Income																					$	2,314																							$	1,639

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:

2022 - 2023 Geolocation Restructuring Program			Three months ended September 30,												Nine months ended September 30,												Cumulative expense incurred
			2024						2023						2024						2023
Employee Termination Costs			$	6					$	17					$	13					$	39					$	149
Real Estate Related Costs			—						10						—						12						63
Other Costs			—						—						—						—						1
Total Restructuring			$	6					$	27					$	13					$	51					$	213

The table below shows cumulative restructuring expense incurred through September 30, 2024 by reportable segment.

			MA						MIS						Total
2022 - 2023 Geolocation Restructuring Program			$	115					$	98					$	213

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 September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
MA:
U.S.			$	346					$	334					$	1,021					$	971
Non-U.S.:
EMEA			334						310						969						895
Asia-Pacific			84						76						251						224
Americas			67						56						191						170
Total Non-U.S.			485						442						1,411						1,289
Total MA			831						776						2,432						2,260
MIS:
U.S.			653						428						1,921						1,329
Non-U.S.:
EMEA			212						155						685						509
Asia-Pacific			73						67						225						213
Americas			44						46						153						125
Total Non-U.S.			329						268						1,063						847
Total MIS			982						696						2,984						2,176
Total MCO			$	1,813					$	1,472					$	5,416					$	4,436

    

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
United States			$	999					$	762					$	2,942					$	2,300
Non-U.S.:
EMEA			546						465						1,654						1,404
Asia-Pacific			157						143						476						437
Americas			111						102						344						295
Total Non-U.S.			814						710						2,474						2,136
Total			$	1,813					$	1,472					$	5,416					$	4,436

X

- 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.

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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.

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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.

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