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v3.23.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Information | The following table presents our segment information for the periods indicated:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Revenue: |  |  |  |  |  |  |
A&C | $ | 363.3 |  |  | $ | 326.0 |  |  | $ | 1,053.0 |  |  | $ | 946.3 |
Core | 706.4 |  |  | 707.2 |  |  | 2,100.8 |  |  | 2,105.1 |
Total revenue | $ | 1,069.7 |  |  | $ | 1,033.2 |  |  | $ | 3,153.8 |  |  | $ | 3,051.4 |
Segment EBITDA: |  |  |  |  |  |  |
A&C | $ | 154.3 |  |  | $ | 135.6 |  |  | $ | 429.4 |  |  | $ | 387.2 |
Core | 208.6 |  |  | 202.1 |  |  | 588.6 |  |  | 578.9 |
Total Segment EBITDA | 362.9 |  |  | 337.7 |  |  | 1,018.0 |  |  | 966.1 |
Unallocated corporate overhead | (66.9) |  |  | (75.0) |  |  | (207.7) |  |  | (219.1) |
Depreciation and amortization | (40.6) |  |  | (48.5) |  |  | (132.6) |  |  | (145.1) |
Equity-based compensation expense(1) | (76.2) |  |  | (65.4) |  |  | (225.3) |  |  | (193.3) |
Interest expense, net of interest income | (39.8) |  |  | (32.1) |  |  | (115.2) |  |  | (98.9) |
Acquisition-related expenses(2) | 1.0 |  |  | (8.9) |  |  | (8.7) |  |  | (27.2) |
Restructuring and other (3) | (12.5) |  |  | (10.6) |  |  | (72.2) |  |  | (21.9) |
Income before income taxes | 127.9 |  |  | 97.2 |  |  | 256.3 |  |  | 260.6 |
Benefit (provision) for income taxes | 3.1 |  |  | 2.8 |  |  | 5.2 |  |  | (1.5) |
Net income | $ | 131.0 |  |  | $ | 100.0 |  |  | $ | 261.5 |  |  | $ | 259.1 |
_________________________________ (1)The nine months ended September 30, 2023 excludes $2.3 million of equity-based compensation expense associated with our restructuring plan, which is included within restructuring and other. (2)The three and nine months ended September 30, 2023 include an adjustment of $6.0 million to a previously-recognized acquisition milestone liability. (3)In addition to the restructuring and other in our statements of operations, other charges included are primarily composed of lease-related expenses associated with closed facilities, charges related to certain legal matters, adjustments to the fair value of our equity investments and expenses incurred in relation to the refinancing of our long-term debt.

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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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