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v3.20.2

Segment Information (Tables) | 6 Months Ended
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Jul. 03, 2020
Segment Reporting [Abstract] |
Schedule Of Revenue, Operating Income And Identifiable Assets By Segment |
| Reporting Segments
| Buildings and Infrastructure |  | Geospatial |  | Resources and Utilities |  | Transportation |  | Total
(In millions) |  |  |  |  |  |  |  |  |
Second Quarter of Fiscal 2020 |  |  |  |  |  |  |  |  |
Revenue | $ | 295.2 |  |  | $ | 145.2 |  |  | $ | 142.9 |  |  | $ | 150.3 |  |  | $ | 733.6 |
Acquired deferred revenue adjustment | 0.1 |  |  | — |  |  | 0.9 |  |  | 0.6 |  |  | 1.6 |
Segment revenue | $ | 295.3 |  |  | $ | 145.2 |  |  | $ | 143.8 |  |  | $ | 150.9 |  |  | $ | 735.2 |
Operating income | $ | 86.6 |  |  | $ | 37.4 |  |  | $ | 48.3 |  |  | $ | 13.8 |  |  | $ | 186.1 |
Acquired deferred revenue adjustment | 0.1 |  |  | — |  |  | 0.9 |  |  | 0.6 |  |  | 1.6 |
Amortization of acquired capitalized commissions | (1.3 | ) |  | — |  |  | (0.1 | ) |  | — |  |  | (1.4 | )
Segment operating income | $ | 85.4 |  |  | $ | 37.4 |  |  | $ | 49.1 |  |  | $ | 14.4 |  |  | $ | 186.3 |
Depreciation expense | $ | 2.0 |  |  | $ | 1.5 |  |  | $ | 1.3 |  |  | $ | 1.1 |  |  | $ | 5.9 |
Second Quarter of Fiscal 2019 |  |  |  |  |  |  |  |  |
Revenue | $ | 339.0 |  |  | $ | 164.4 |  |  | $ | 152.6 |  |  | $ | 198.8 |  |  | $ | 854.8 |
Acquired deferred revenue adjustment | 0.9 |  |  | — |  |  | 0.1 |  |  | — |  |  | 1.0 |
Segment revenue | $ | 339.9 |  |  | $ | 164.4 |  |  | $ | 152.7 |  |  | $ | 198.8 |  |  | $ | 855.8 |
Operating income | $ | 85.3 |  |  | $ | 31.1 |  |  | $ | 45.4 |  |  | $ | 32.9 |  |  | $ | 194.7 |
Acquired deferred revenue adjustment | 0.9 |  |  | — |  |  | 0.1 |  |  | — |  |  | 1.0 |
Amortization of acquired capitalized commissions | (1.6 | ) |  | — |  |  | — |  |  | — |  |  | (1.6 | )
Segment operating income | $ | 84.6 |  |  | $ | 31.1 |  |  | $ | 45.5 |  |  | $ | 32.9 |  |  | $ | 194.1 |
Depreciation expense | $ | 2.1 |  |  | $ | 1.6 |  |  | $ | 1.1 |  |  | $ | 1.2 |  |  | $ | 6.0 |
First Two Quarters of Fiscal 2020 |  |  |  |  |  |  |  |  |
Revenue | 592.0 |  |  | $ | 291.4 |  |  | $ | 321.9 |  |  | $ | 320.6 |  |  | $ | 1,525.9 |
Acquired deferred revenue adjustment | 0.2 |  |  | — |  |  | 2.2 |  |  | 0.9 |  |  | 3.3 |
Segment revenue | $ | 592.2 |  |  | $ | 291.4 |  |  | $ | 324.1 |  |  | $ | 321.5 |  |  | $ | 1,529.2 |
Operating income | $ | 148.7 |  |  | $ | 67.9 |  |  | $ | 113.9 |  |  | $ | 30.5 |  |  | $ | 361.0 |
Acquired deferred revenue adjustment | 0.2 |  |  | — |  |  | 2.2 |  |  | 0.9 |  |  | 3.3 |
Amortization of acquired capitalized commissions | (2.7 | ) |  | — |  |  | (0.1 | ) |  | (0.1 | ) |  | (2.9 | )
Segment operating income | $ | 146.2 |  |  | $ | 67.9 |  |  | $ | 116.0 |  |  | $ | 31.3 |  |  | $ | 361.4 |
Depreciation expense | $ | 4.1 |  |  | $ | 2.9 |  |  | $ | 2.6 |  |  | $ | 2.2 |  |  | $ | 11.8 |
First Two Quarters of Fiscal 2019 |  |  |  |  |  |  |  |  |
Revenue | $ | 631.0 |  |  | $ | 325.6 |  |  | $ | 311.9 |  |  | $ | 387.9 |  |  | $ | 1,656.4 |
Acquired deferred revenue adjustment | 3.6 |  |  | — |  |  | 0.3 |  |  | — |  |  | $ | 3.9 |
Segment revenue | $ | 634.6 |  |  | $ | 325.6 |  |  | $ | 312.2 |  |  | $ | 387.9 |  |  | $ | 1,660.3 |
Operating income | $ | 146.7 |  |  | $ | 60.5 |  |  | $ | 96.4 |  |  | $ | 64.1 |  |  | 367.7 |
Acquired deferred revenue adjustment | 3.6 |  |  | — |  |  | 0.3 |  |  | — |  |  | 3.9 |
Amortization of acquired capitalized commissions | (3.2 | ) |  | — |  |  | (0.1 | ) |  | — |  |  | (3.3 | )
Segment operating income | $ | 147.1 |  |  | $ | 60.5 |  |  | $ | 96.6 |  |  | $ | 64.1 |  |  | $ | 368.3 |
Depreciation expense | $ | 4.2 |  |  | $ | 3.2 |  |  | $ | 2.2 |  |  | $ | 2.3 |  |  | $ | 11.9 |
| Reporting Segments
| Buildings and Infrastructure |  | Geospatial |  | Resources and Utilities |  | Transportation |  | Total
(In millions) |  |  |  |  |  |  |  |  |
As of the end of the Second Quarter of Fiscal 2020 |  |  |  |  |  |  |  |  |
Accounts receivable, net | $ | 166.6 |  |  | $ | 90.3 |  |  | $ | 81.1 |  |  | $ | 140.8 |  |  | $ | 478.8 |
Inventories | 63.5 |  |  | 129.4 |  |  | 44.7 |  |  | 101.0 |  |  | 338.6 |
Goodwill | 1,964.8 |  |  | 400.1 |  |  | 440.2 |  |  | 1,002.4 |  |  | 3,807.5 |
As of Fiscal Year End 2019 |  |  |  |  |  |  |  |  |
Accounts receivable, net | 232.0 |  |  | 115.5 |  |  | 93.3 |  |  | 167.4 |  |  | 608.2 |
Inventories | 67.1 |  |  | 125.0 |  |  | 45.5 |  |  | 74.5 |  |  | 312.1 |
Goodwill | $ | 1,973.0 |  |  | $ | 401.5 |  |  | $ | 445.4 |  |  | $ | 860.7 |  |  | $ | 3,680.6 |
Reconciliation Of The Company's Consolidated Segment Operating Income To Consolidated Income Before Income Taxes | A reconciliation of our condensed consolidated segment operating income to condensed consolidated income before income taxes is as follows:
| Second Quarter of |  | First Two Quarters of
| 2020 |  | 2019 |  | 2020 |  | 2019
(In millions) |  |  |  |  |  |  |
Consolidated segment operating income | $ | 186.3 |  |  | $ | 194.1 |  |  | $ | 361.4 |  |  | $ | 368.3 |
Unallocated corporate expense | (16.4 | ) |  | (18.3 | ) |  | (30.3 | ) |  | (36.8 | )
Restructuring charges | (5.2 | ) |  | (2.9 | ) |  | (8.4 | ) |  | (6.6 | )
COVID-19 expenses | 0.2 |  |  | — |  |  | (3.6 | ) |  | — |
Acquired deferred revenue adjustment | (1.6 | ) |  | (1.0 | ) |  | (3.3 | ) |  | (3.9 | )
Amortization of purchased intangible assets | (39.8 | ) |  | (43.5 | ) |  | (80.2 | ) |  | (87.8 | )
Stock-based compensation and deferred compensation | (25.4 | ) |  | (18.3 | ) |  | (29.9 | ) |  | (37.4 | )
Amortization of acquired capitalized commissions | 1.4 |  |  | 1.6 |  |  | 2.9 |  |  | 3.3 |
Acquisition / divestiture items | (1.9 | ) |  | (2.0 | ) |  | (12.7 | ) |  | (3.1 | )
Consolidated operating income | 97.6 |  |  | 109.7 |  |  | 195.9 |  |  | 196.0 |
Non-operating income (expense), net | (6.7 | ) |  | 5.7 |  |  | (25.6 | ) |  | (5.4 | )
Consolidated income before taxes | $ | 90.9 |  |  | $ | 115.4 |  |  | $ | 170.3 |  |  | $ | 190.6 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | On a total Company basis, the disaggregation of revenue by geography is summarized in the tables below. Revenue is defined as revenue from external customers attributed to countries based on the location of the customer and excludes the effects of certain acquired deferred revenue that was written down to fair value in purchase accounting, consistent with the Reporting Segment tables above.
| Reporting Segments
| Buildings and Infrastructure |  | Geospatial |  | Resources and Utilities |  | Transportation |  | Total
(In millions) |  |  |  |  |  |  |  |  |
Second Quarter of Fiscal 2020 |  |  |  |  |  |  |  |  |
North America | $ | 175.6 |  |  | $ | 57.7 |  |  | $ | 51.8 |  |  | $ | 117.0 |  |  | $ | 402.1 |
Europe | 78.0 |  |  | 45.1 |  |  | 63.3 |  |  | 20.7 |  |  | 207.1 |
Asia Pacific | 36.4 |  |  | 33.4 |  |  | 14.0 |  |  | 7.0 |  |  | 90.8 |
Rest of World | 5.3 |  |  | 9.0 |  |  | 14.7 |  |  | 6.2 |  |  | 35.2 |
Total consolidated revenue | $ | 295.3 |  |  | $ | 145.2 |  |  | $ | 143.8 |  |  | $ | 150.9 |  |  | $ | 735.2 |
Second Quarter of Fiscal 2019 |  |  |  |  |  |  |  |  |
North America | $ | 199.2 |  |  | $ | 71.3 |  |  | $ | 52.9 |  |  | $ | 161.9 |  |  | $ | 485.3 |
Europe | 90.0 |  |  | 56.0 |  |  | 68.0 |  |  | 22.9 |  |  | 236.9 |
Asia Pacific | 42.1 |  |  | 26.2 |  |  | 11.9 |  |  | 9.8 |  |  | 90.0 |
Rest of World | 8.6 |  |  | 10.9 |  |  | 19.9 |  |  | 4.2 |  |  | 43.6 |
Total consolidated revenue | $ | 339.9 |  |  | $ | 164.4 |  |  | $ | 152.7 |  |  | $ | 198.8 |  |  | $ | 855.8 |
First Two Quarters of Fiscal 2020 |  |  |  |  |  |  |  |  |
North America | $ | 347.7 |  |  | $ | 114.5 |  |  | $ | 105.5 |  |  | $ | 248.8 |  |  | $ | 816.5 |
Europe | 159.6 |  |  | 95.8 |  |  | 153.7 |  |  | 39.8 |  |  | 448.9 |
Asia Pacific | 73.5 |  |  | 62.1 |  |  | 31.5 |  |  | 17.5 |  |  | 184.6 |
Rest of World | 11.4 |  |  | 19.0 |  |  | 33.4 |  |  | 15.4 |  |  | 79.2 |
Total consolidated revenue | $ | 592.2 |  |  | $ | 291.4 |  |  | $ | 324.1 |  |  | $ | 321.5 |  |  | $ | 1,529.2 |
First Two Quarters of Fiscal 2019 |  |  |  |  |  |  |  |  |
North America | $ | 364.8 |  |  | $ | 134.2 |  |  | $ | 94.8 |  |  | $ | 313.9 |  |  | $ | 907.7 |
Europe | 173.9 |  |  | 110.7 |  |  | 156.9 |  |  | 44.0 |  |  | 485.5 |
Asia Pacific | 80.6 |  |  | 57.9 |  |  | 24.6 |  |  | 20.3 |  |  | 183.4 |
Rest of World | 15.3 |  |  | 22.8 |  |  | 35.9 |  |  | 9.7 |  |  | 83.7 |
Total consolidated revenue | $ | 634.6 |  |  | $ | 325.6 |  |  | $ | 312.2 |  |  | $ | 387.9 |  |  | $ | 1,660.3 |

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