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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Financial Information By Segment | The following table provides revenue, significant segment expenses and operating income, by segment for the years ended December 31, 2024, 2023 and 2022:
| Industrial |  | Consumer |  | Software and Advisory |  | Total
(in millions) | 2024 | 2023 | 2022 |  | 2024 | 2023 | 2022 |  | 2024 | 2023 | 2022 |  | 2024 | 2023 | 2022
Revenue | $ | 1,254 |  | $ | 1,146 |  | $ | 1,044 |  |  | $ | 1,238 |  | $ | 1,172 |  | $ | 1,128 |  |  | $ | 378 |  | $ | 360 |  | $ | 348 |  |  | $ | 2,870 |  | $ | 2,678 |  | $ | 2,520 |
Employee compensation | 595 |  | 556 |  | 503 |  |  | 714 |  | 693 |  | 647 |  |  | 255 |  | 241 |  | 224 |  |  | 1,564 |  | 1,490 |  | 1,374 |
Services and materials | 274 |  | 244 |  | 223 |  |  | 331 |  | 322 |  | 314 |  |  | 67 |  | 63 |  | 62 |  |  | 672 |  | 629 |  | 599 |
Depreciation and amortization | 47 |  | 38 |  | 32 |  |  | 79 |  | 75 |  | 66 |  |  | 46 |  | 41 |  | 37 |  |  | 172 |  | 154 |  | 135 |
Goodwill impairment | — |  | — |  | — |  |  | — |  | 37 |  | — |  |  | — |  | — |  | — |  |  | — |  | 37 |  | — |
Operating income | $ | 338 |  | $ | 308 |  | $ | 286 |  |  | $ | 114 |  | $ | 45 |  | $ | 101 |  |  | $ | 10 |  | $ | 15 |  | $ | 25 |  |  | $ | 462 |  | $ | 368 |  | $ | 412 |
Capital expenditures of the Company’s segments were as follows for the years ended December 31:
(in millions) | 2024 |  | 2023 |  | 2022
Industrial | $ | 96 |  |  | $ | 56 |  |  | $ | 19 |
Consumer | 34 |  |  | 52 |  |  | 55 |
Software and Advisory | 31 |  |  | 39 |  |  | 19 |
Total segments | 161 |  |  | 147 |  |  | 93 |
Corporate | 76 |  |  | 68 |  |  | 71 |
Total | $ | 237 |  |  | $ | 215 |  |  | $ | 164 |
Schedule of Revenue by Major Geographic Region and Summary of Long-Lived Assets | Revenue by major geographic region based on the location of the Company’s customers was as follows for the years ended December 31:
(in millions) | 2024 |  | 2023 |  | 2022
United States | $ | 1,178 |  |  | $ | 1,117 |  |  | $ | 1,051 |
China(a) | 710 |  |  | 632 |  |  | 608 |
Asia Pacific | 375 |  |  | 346 |  |  | 335 |
Europe, Middle East and Africa | 496 |  |  | 474 |  |  | 429 |
Other Americas | 111 |  |  | 109 |  |  | 97 |
Total | $ | 2,870 |  |  | $ | 2,678 |  |  | $ | 2,520 |
__________ (a)Represents revenue from Greater China - mainland China, Hong Kong and Taiwan. The following table provides a summary of long-lived assets, excluding financial instruments and tax assets, classified by major geographic region as of December 31:
(in millions) | 2024 |  | 2023 |  | 2022
United States | $ | 437 |  |  | $ | 327 |  |  | $ | 260 |
China(a) | 136 |  |  | 127 |  |  | 139 |
Asia Pacific | 109 |  |  | 119 |  |  | 106 |
Europe, Middle East and Africa | 109 |  |  | 101 |  |  | 107 |
Other Americas | 26 |  |  | 32 |  |  | 25 |
Total | $ | 817 |  |  | $ | 706 |  |  | $ | 637 |
__________ (a)Represents long-lived assets from Greater China - mainland China, Hong Kong and Taiwan.

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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 -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + 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 -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 2: 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 3: 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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