19. Reportable Segments and Geographic Information

The Company’s operations are organized into four reportable segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital (ACAP). During the third quarter of fiscal 2017, operating activities of ACAP achieved a level of significance sufficient to warrant disclosure as a separate reportable segment. Prior to the third quarter of fiscal 2017, ACAP’s operating results were included in the corporate segment, and comparable periods were reclassified to reflect the change. The Company’s DCS reportable segment delivers planning, consulting, architectural, environmental, and engineering design services to commercial and government clients worldwide. The Company’s CS reportable segment provides construction services primarily in the Americas. The Company’s MS reportable segment provides program and facilities management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology services, primarily for agencies of the U.S. government. The Company’s ACAP segment invests in real estate, public-private partnership (P3) and infrastructure projects. These reportable segments are organized by the types of services provided, the differing specialized needs of the respective clients, and how the Company manages its business. The Company has aggregated various operating segments into its reportable segments based on their similar characteristics, including similar long term financial performance, the nature of services provided, internal processes for delivering those services, and types of customers.

During the first quarter of fiscal 2017, an operation and maintenance related entity previously reported within the CS segment was realigned within the MS segment to reflect present management oversight. Accordingly, approximately $130 million of revenue and $124 million of cost of revenue for the year ended September 30, 2016 were reclassified to conform to the current period presentation.

The following tables set forth summarized financial information concerning the Company’s reportable segments:


	Design and
	Consulting			Construction			Management			AECOM
Reportable Segments:	Services			Services			Services			Capital		Corporate		Total
	(in millions)
Fiscal Year Ended September 30, 2018:
Revenue	$	8,223.1		$	8,238.9		$	3,693.5		$	—	$	—	$	20,155.5
Gross profit		439.2			40.4			171.0			—		—		650.6
Equity in earnings of joint ventures		15.8			21.5			28.6			15.2		—		81.1
General and administrative expenses		—			—			—			(11.2)		(124.5)		(135.7)
Impairment of assets held for sale, including goodwill		—			(168.2)			—			—		—		(168.2)
Loss on disposal activities		—			(2.9)			—			—		—		(2.9)
Operating income (loss)		455.0			(109.2)			199.6			4.0		(124.5)		424.9
Segment assets		7,013.8			4,212.0			2,701.2			140.6		613.5		14,681.1
Gross profit as a % of revenue		5.3	%		0.5	%		4.6	%						3.2	%

Fiscal Year Ended September 30, 2017:
Revenue	$	7,566.8		$	7,295.6		$	3,341.0		$	—	$	—	$	18,203.4
Gross profit		394.8			92.9			196.0			—		—		683.7
Equity in earnings of joint ventures		16.4			22.4			45.1			57.7		—		141.6
General and administrative expenses		—			—			—			(8.7)		(124.7)		(133.4)
Acquisition and integration expenses		—			—			—			—		(38.7)		(38.7)
Gain on disposal activities		0.6			—			—			—		—		0.6
Operating income		411.8			115.3			241.1			49.0		(163.4)		653.8
Segment assets		6,992.6			4,114.5			2,704.6			199.1		386.2		14,397.0
Gross profit as a % of revenue		5.2	%		1.3	%		5.9	%						3.8	%

Fiscal Year Ended September 30, 2016:
Revenue	$	7,655.8		$	6,371.1		$	3,383.9		$	—	$	—	$	17,410.8
Gross profit		382.5			25.4			234.9			—		—		642.8
Equity in earnings of joint ventures		8.9			18.2			76.9			—		—		104.0
General and administrative expenses		—			—			—			(6.0)		(109.1)		(115.1)
Acquisition and integration expenses		—			—			—			—		(213.6)		(213.6)
Loss on disposal activities		—			(42.6)			—			—		—		(42.6)
Operating income		391.4			1.0			311.8			(6.0)		(322.7)		375.5
Segment assets		6,655.7			3,556.2			2,692.7			179.1		586.2		13,669.9
Gross profit as a % of revenue		5.0	%		0.4	%		6.9	%						3.7	%

Geographic Information:


	Fiscal Year Ended
	September 30, 2018				September 30, 2017				September 30, 2016
			Long-Lived				Long-Lived				Long-Lived
	Revenue		Assets		Revenue		Assets		Revenue		Assets
	(in millions)
United States	$	14,753.4		4,844.1	$	13,042.6		4,779.0	$	12,567.0		4,763.9
Asia Pacific		1,440.6		369.2		1,352.7		382.9		1,278.3		394.0
Canada		1,212.3		513.7		1,159.9		600.4		866.5		615.7
Europe		1,984.1		1,362.3		1,869.9		1,362.8		1,904.2		1,368.4
Other foreign countries		765.1		397.2		778.3		418.3		794.8		412.5
Total	$	20,155.5		7,486.5	$	18,203.4		7,543.4	$	17,410.8		7,554.5

The Company attributes revenue by geography based on the external customer’s country of origin. Long‑lived assets consist of noncurrent assets excluding deferred tax assets.