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SEGMENT INFORMATION | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION Reportable Segments. We manage our business and report our financial results through the following three reportable segments, which are the same as our operating segments: –Workforce Solutions –U.S. Information Solutions (“USIS”) –International The accounting policies of the reportable segments are the same as those described in our summary of significant accounting policies in Note 1 of the Notes to Consolidated Financial Statements in our 2023 Form 10-K. We evaluate the performance of these reportable segments based on their operating revenue, operating income and operating margins, excluding any unusual or infrequent items, if any. The measurement criteria for segment profit or loss and segment assets are substantially the same for each reportable segment. Inter-segment sales and transfers are not material for all periods presented. A summary of segment products and services is as follows: Workforce Solutions. This segment provides services enabling customers to verify income, employment, educational history, criminal justice data, healthcare professional licensure and sanctions of people in the U.S., as well as providing our employer customers with services that assist them in complying with and automating certain payroll-related and human resource management processes throughout the entire cycle of the employment relationship, including unemployment cost management, employee screening, employee onboarding, tax credits and incentives, I-9 management and compliance, immigration case management, tax form management services and Affordable Care Act management services. U.S. Information Solutions. This segment includes consumer and commercial information services (such as credit information and credit scoring, credit modeling services and portfolio analytics, locate services, fraud detection and prevention services, identity verification services and other consulting services); mortgage services; financial marketing services; identity management; and credit monitoring products sold to resellers or directly to consumers. International. We operate in the following regions: Asia Pacific, Europe, Canada, and Latin America. The International segment includes information services products, which includes consumer and commercial services (such as credit and financial information, credit scoring and credit modeling services), credit and other marketing products and services. In Asia Pacific, Europe and Latin America, we also provide information, technology and services to support debt collections and recovery management. In Europe and Canada, we also provide credit monitoring products to resellers or directly to consumers. Operating revenue and operating income by operating segment during the three and nine months ended September 30, 2024 and 2023 are as follows:
|  | Three Months Ended |  | Nine Months Ended
(In millions) |  | September 30, |  | September 30,
Operating revenue: |  | 2024 |  | 2023 |  | 2024 |  | 2023
Workforce Solutions |  | $ | 620.0 |  |  | $ | 577.2 |  |  | $ | 1,835.6 |  |  | $ | 1,756.3 |
U.S. Information Solutions |  | 476.9 |  |  | 426.0 |  |  | 1,420.5 |  |  | 1,292.7
International |  | 344.9 |  |  | 315.9 |  |  | 1,005.6 |  |  | 889.7 |
Total operating revenue |  | $ | 1,441.8 |  |  | $ | 1,319.1 |  |  | $ | 4,261.7 |  |  | $ | 3,938.7 |
|  | Three Months Ended |  | Nine Months Ended
(In millions) |  | September 30, |  | September 30,
Operating income: |  | 2024 |  | 2023 |  | 2024 |  | 2023
Workforce Solutions |  | $ | 267.6 |  |  | $ | 241.2 |  |  | $ | 795.4 |  |  | $ | 734.6 |
U.S. Information Solutions |  | 98.1 |  |  | 89.7 |  |  | 289.3 |  |  | 271.1 |
International |  | 48.1 |  |  | 40.2 |  |  | 120.4 |  |  | 107.2 |
General Corporate Expense |  | (166.7) |  |  | (124.7) |  |  | (451.1) |  |  | (424.4) |
Total operating income |  | $ | 247.1 |  |  | $ | 246.4 |  |  | $ | 754.0 |  |  | $ | 688.5 |
Total assets by operating segment at September 30, 2024 and December 31, 2023 are as follows:
|  | September 30, |  | December 31,
(In millions) |  | 2024 |  | 2023
Total assets: |  |  |  |
Workforce Solutions |  | $ | 4,109.9 |  |  | $ | 4,144.7 |
U.S. Information Solutions |  | 3,412.3 |  |  | 3,296.1 |
International |  | 3,763.0 |  |  | 3,909.0 |
General Corporate |  | 1,059.1 |  |  | 930.2 |
Total assets |  | $ | 12,344.3 |  |  | $ | 12,280.0 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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