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v3.22.2

Segment Information (Tables) | 6 Months Ended
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Jul. 01, 2022
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 2022 |  |  |  |  |  |  |  |  |
Segment revenue | $ | 382.6 |  |  | $ | 193.7 |  |  | $ | 214.8 |  |  | $ | 150.1 |  |  | $ | 941.2 |
Segment operating income | 101.4 |  |  | 57.8 |  |  | 73.0 |  |  | 11.8 |  |  | 244.0 |
Depreciation expense | 1.6 |  |  | 1.5 |  |  | 1.4 |  |  | 0.9 |  |  | 5.4 |
Second Quarter of 2021 |  |  |  |  |  |  |  |  |
Segment revenue | $ | 364.8 |  |  | $ | 219.7 |  |  | $ | 197.5 |  |  | $ | 163.3 |  |  | $ | 945.3 |
Segment operating income | 104.1 |  |  | 66.1 |  |  | 70.5 |  |  | 12.8 |  |  | 253.5 |
Depreciation expense | 1.8 |  |  | 1.8 |  |  | 1.5 |  |  | 1.1 |  |  | 6.2 |
First Two Quarters of 2022 |  |  |  |  |  |  |  |  |
Segment revenue | $ | 780.2 |  |  | $ | 401.2 |  |  | $ | 444.7 |  |  | $ | 308.8 |  |  | $ | 1,934.9 |
Segment operating income | 222.1 |  |  | 115.7 |  |  | 148.1 |  |  | 21.0 |  |  | 506.9 |
Depreciation expense | 3.2 |  |  | 3.1 |  |  | 2.9 |  |  | 1.9 |  |  | 11.1 |
First Two Quarters of 2021 |  |  |  |  |  |  |  |  |
Segment revenue | $ | 707.9 |  |  | $ | 401.4 |  |  | $ | 402.7 |  |  | $ | 320.0 |  |  | $ | 1,832.0 |
Segment operating income | 200.5 |  |  | 114.8 |  |  | 150.6 |  |  | 21.2 |  |  | 487.1 |
Depreciation expense | 3.6 |  |  | 3.5 |  |  | 3.0 |  |  | 2.0 |  |  | 12.1 |
| Reporting Segments
| Buildings and Infrastructure |  | Geospatial |  | Resources and Utilities |  | Transportation |  | Total
(In millions) |  |  |  |  |  |  |  |  |
As of the end of the Second Quarter of 2022 |  |  |  |  |  |  |  |  |
Accounts receivable, net | $ | 214.6 |  |  | $ | 108.8 |  |  | $ | 119.5 |  |  | $ | 146.4 |  |  | $ | 589.3 |
Inventories | 74.8 |  |  | 137.3 |  |  | 86.6 |  |  | 73.0 |  |  | 371.7 |
Goodwill | 2,083.7 |  |  | 385.3 |  |  | 432.3 |  |  | 984.7 |  |  | 3,886.0 |
As of Year End 2021 |  |  |  |  |  |  |  |  |
Accounts receivable, net | $ | 246.8 |  |  | $ | 134.0 |  |  | $ | 112.9 |  |  | $ | 131.1 |  |  | $ | 624.8 |
Inventories | 79.3 |  |  | 136.4 |  |  | 67.4 |  |  | 80.2 |  |  | 363.3 |
Goodwill | 2,141.4 |  |  | 403.6 |  |  | 440.8 |  |  | 995.7 |  |  | 3,981.5 |
Reconciliation of Our Condensed Consolidated Segment Operating Income to Condensed Consolidated Income Before Income Taxes | A reconciliation of our condensed consolidated segment operating income to condensed consolidated income before income taxes was as follows:
| Second Quarter of |  | First Two Quarters of
| 2022 |  | 2021 |  | 2022 |  | 2021
(In millions) |  |  |  |  |  |  |
Consolidated segment operating income | $ | 244.0 |  |  | $ | 253.5 |  |  | $ | 506.9 |  |  | $ | 487.1 |
Unallocated general corporate expenses | (33.3) |  |  | (24.9) |  |  | (63.1) |  |  | (49.3) |
Purchase accounting adjustments | (32.3) |  |  | (34.0) |  |  | (66.9) |  |  | (68.8) |
Acquisition / divestiture items | (7.3) |  |  | (6.6) |  |  | (11.2) |  |  | (10.1) |
Stock-based compensation / deferred compensation | (26.2) |  |  | (38.3) |  |  | (51.2) |  |  | (67.0) |
Restructuring and other costs | (10.0) |  |  | (4.9) |  |  | (22.7) |  |  | (6.2) |
Consolidated operating income | 134.9 |  |  | 144.8 |  |  | 291.8 |  |  | 285.7 |
Total non-operating income, net | 86.7 |  |  | 17.6 |  |  | 68.3 |  |  | 14.1 |
Consolidated income before taxes | $ | 221.6 |  |  | $ | 162.4 |  |  | $ | 360.1 |  |  | $ | 299.8 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | 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 is consistent with the Reporting Segment tables above.
| Reporting Segments
| Buildings and Infrastructure |  | Geospatial |  | Resources and Utilities |  | Transportation |  | Total
(In millions) |  |  |  |  |  |  |  |  |
Second Quarter of 2022 |  |  |  |  |  |  |  |  |
North America | $ | 242.9 |  |  | $ | 87.9 |  |  | $ | 64.3 |  |  | $ | 117.8 |  |  | $ | 512.9 |
Europe | 84.0 |  |  | 61.3 |  |  | 97.7 |  |  | 18.4 |  |  | 261.4 |
Asia Pacific | 49.9 |  |  | 32.8 |  |  | 13.5 |  |  | 7.6 |  |  | 103.8 |
Rest of World | 5.8 |  |  | 11.7 |  |  | 39.3 |  |  | 6.3 |  |  | 63.1 |
Total segment revenue | $ | 382.6 |  |  | $ | 193.7 |  |  | $ | 214.8 |  |  | $ | 150.1 |  |  | $ | 941.2 |
Second Quarter of 2021 |  |  |  |  |  |  |  |  |
North America | $ | 212.2 |  |  | $ | 97.2 |  |  | $ | 60.4 |  |  | $ | 123.3 |  |  | $ | 493.1 |
Europe | 101.0 |  |  | 72.2 |  |  | 93.6 |  |  | 25.1 |  |  | 291.9 |
Asia Pacific | 45.8 |  |  | 39.5 |  |  | 15.1 |  |  | 7.6 |  |  | 108.0 |
Rest of World | 5.8 |  |  | 10.8 |  |  | 28.4 |  |  | 7.3 |  |  | 52.3 |
Total segment revenue | $ | 364.8 |  |  | $ | 219.7 |  |  | $ | 197.5 |  |  | $ | 163.3 |  |  | $ | 945.3 |
First Two Quarters of 2022 |  |  |  |  |  |  |  |  |
North America | $ | 474.8 |  |  | $ | 171.3 |  |  | $ | 123.3 |  |  | $ | 241.9 |  |  | $ | 1,011.3 |
Europe | 196.3 |  |  | 132.5 |  |  | 211.7 |  |  | 40.1 |  |  | 580.6 |
Asia Pacific | 96.8 |  |  | 74.8 |  |  | 32.7 |  |  | 15.0 |  |  | 219.3 |
Rest of World | 12.3 |  |  | 22.6 |  |  | 77.0 |  |  | 11.8 |  |  | 123.7 |
Total segment revenue | $ | 780.2 |  |  | $ | 401.2 |  |  | $ | 444.7 |  |  | $ | 308.8 |  |  | $ | 1,934.9 |
First Two Quarters of 2021 |  |  |  |  |  |  |  |  |
North America | $ | 412.0 |  |  | $ | 169.7 |  |  | $ | 114.0 |  |  | $ | 247.8 |  |  | $ | 943.5 |
Europe | 195.3 |  |  | 132.6 |  |  | 199.4 |  |  | 44.8 |  |  | 572.1 |
Asia Pacific | 89.4 |  |  | 77.0 |  |  | 36.1 |  |  | 15.3 |  |  | 217.8 |
Rest of World | 11.2 |  |  | 22.1 |  |  | 53.2 |  |  | 12.1 |  |  | 98.6 |
Total segment revenue | $ | 707.9 |  |  | $ | 401.4 |  |  | $ | 402.7 |  |  | $ | 320.0 |  |  | $ | 1,832.0 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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