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Segment Information (Tables)

12 Months Ended

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.

X

- 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
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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

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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
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