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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company manages its operations under two operating segments which represent the Company’s two reportable segments: Safety Services and Specialty Services. This structure is generally focused on various businesses related to contracting services and maintenance of industrial and commercial facilities. Both reportable segments derive their revenues from installation, inspection, maintenance, service and repair, retrofitting and upgrading, engineering and design, distribution, fabrication and various types of other services in over 20 countries.
The Safety Services segment focuses on end-to-end integrated occupancy systems (fire protection services, HVAC, and entry systems), including design, installation, inspection and service of these integrated systems. The work performed within this segment spans across industries and facilities and includes commercial, education, healthcare, high tech, industrial and special-hazard settings.
The Specialty Services segment provides a variety of infrastructure services and specialized industrial plant services, which includes maintenance and repair of critical infrastructure such as underground electric, gas, water, sewer and telecommunications infrastructure. This segment's services include engineering and design, fabrication, installation, maintenance service and repair, retrofitting and upgrading, pipeline infrastructure, access and road construction, supporting facilities, and performing ongoing integrity management and maintenance to customers within the energy industry. Customers within this segment vary from private and public utilities, communications, healthcare, education, transportation, manufacturing, industrial plants and governmental agencies throughout North America.
The accounting policies of the reportable segments are the same as those described in Note 2 – “Significant Accounting Policies”. All intercompany transactions and balances are eliminated in consolidation. Intercompany revenues and costs between entities within a reportable segment are eliminated to arrive at segment totals and eliminations between segments are separately presented. Corporate results include amounts related to corporate functions such as administrative costs, professional fees, acquisition-related transaction costs (exclusive of acquisition integration costs, which are included within the segment results of the acquired businesses), and other discrete items.
Earnings before interest, taxes, depreciation and amortization (“EBITDA”) is the measure of profitability used by management to manage its segments and, accordingly, in its segment reporting. As appropriate, the Company supplements the reporting of consolidated financial information determined in accordance with U.S. GAAP with certain non-U.S. GAAP financial measures, including EBITDA. The Company believes these non-U.S. GAAP measures provide meaningful information and help investors understand the Company’s financial results and assess its prospects for future performance. The Company uses EBITDA to evaluate its performance, both internally and as compared with its peers, because it excludes certain items that may not be indicative of the Company’s core operating results for its reportable segments. Segment EBITDA is calculated in a manner consistent with consolidated EBITDA.
Summarized financial information for the Company’s reportable segments are presented and reconciled to consolidated financial information in the following tables, including a reconciliation of consolidated operating income (loss) to EBITDA:
For the Year Ended December 31, 2023
Safety
Services		Specialty
Services		Corporate and
Eliminations 		Consolidated
Net revenues$4,871 $2,079 $(22)$6,928 
EBITDA Reconciliation
Operating income (loss)$396 $108 $(145)$359 
Plus:
Investment income and other, net3 9 1 13 
Non-service pension benefit12 — — 12 
Loss on extinguishment of debt, net— — (7)(7)
Depreciation27 49 3 79 
Amortization169 51 4 224 
EBITDA$607 $217 $(144)$680 
Total assets$5,795 $1,214 $581 $7,590 
Capital expenditures25 48 13 86 
For the Year Ended December 31, 2022
Safety
Services		Specialty
Services		Corporate and
Eliminations 		Consolidated
Net revenues$4,575 $2,030 $(47)$6,558 
EBITDA Reconciliation
Operating income (loss)$256 $97 $(191)$162 
Plus:
Investment income and other, net1 7 1 9 
Non-service pension benefit42 — — 42 
Gain on extinguishment of debt, net— — 5 5 
Depreciation26 46 5 77 
Amortization167 56 4 227 
EBITDA$492 $206 $(176)$522 
Total assets$6,029 $1,281 $781 $8,091 
Capital expenditures25 49 5 79 
For the Year Ended December 31, 2021
Safety
Services		Specialty
Services 		Corporate and
Eliminations 		Consolidated
Net revenues$2,080 $1,907 $(47)$3,940 
EBITDA Reconciliation
Operating income (loss)$207 $78 $(149)$136 
Plus:
Investment income and other, net6 9 (3)12 
Loss on extinguishment of debt, net— — (9)(9)
Depreciation8 61 6 75 
Amortization66 57 4 127 
EBITDA$287 $205 $(151)$341 
Total assets$2,170 $1,299 $1,690 $5,159 
Capital expenditures6 48 1 55