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Segment Information
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information

The following tables set forth our financial performance by segment. We manage our operations through two segments—U.S. and International.
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(in millions)
 
2015
 
2014
 
2015
 
2014
Revenues:
 
 
 
 
 
 
 
 
U.S.
 
$
353.9

 
$
296.3

 
$
1,013.9

 
$
842.4

International
 
32.8

 
40.2

 
101.4

 
116.4

Total revenues
 
$
386.7

 
$
336.5

 
$
1,115.3

 
$
958.8



We present Operating income (loss) before Depreciation, Amortization, Net (gain) loss on dispositions, Stock-based compensation, Restructuring charges and Acquisition costs (“Adjusted OIBDA”) as the primary measure of profit and loss for our operating segments in accordance with FASB guidance for segment reporting.
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(in millions)
 
2015
 
2014
 
2015
 
2014
Net income
 
$
21.2

 
$
248.3

 
$
44.5

 
$
279.1

Provision (benefit) for income taxes
 
3.9

 
(226.4
)
 
7.0

 
(202.9
)
Equity in earnings of investee companies, net of tax
 
(1.7
)
 
(0.6
)
 
(3.6
)
 
(1.4
)
Interest expense, net
 
28.9

 
26.3

 
85.6

 
57.3

Other expense, net
 
0.4

 
—

 
0.4

 
0.5

Operating income
 
52.7

 
47.6

 
133.9

 
132.6

Restructuring charges
 
—

 
6.2

 
2.6

 
6.2

Acquisition costs(a)
 
—

 
1.4

 
—

 
1.4

Net (gain) loss on dispositions
 
—

 
(0.5
)
 
0.6

 
(1.4
)
Depreciation and amortization
 
57.5

 
49.5

 
171.2

 
146.6

Stock-based compensation(a)
 
3.7

 
2.7

 
11.7

 
7.4

Total Adjusted OIBDA
 
$
113.9

 
$
106.9

 
$
320.0

 
$
292.8

 
 
 
 
 
 
 
 
 
Adjusted OIBDA:
 
 
 
 
 
 
 
 
U.S.
 
$
121.6

 
$
106.3

 
$
337.0

 
$
293.0

International
 
3.9

 
6.3

 
11.5

 
16.9

Corporate
 
(11.6
)
 
(5.7
)
 
(28.5
)
 
(17.1
)
Total Adjusted OIBDA
 
$
113.9

 
$
106.9

 
$
320.0

 
$
292.8


(a)
Stock-based compensation and costs related to the Acquisition are classified as Corporate expenses.

 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(in millions)
 
2015
 
2014
 
2015
 
2014
Operating income (loss):
 
 
 
 
 
 
 
 
U.S.
 
$
69.9

 
$
64.3

 
$
180.9

 
$
168.5

International
 
(1.9
)
 
(0.7
)
 
(6.8
)
 
(3.8
)
Corporate
 
(15.3
)
 
(16.0
)
 
(40.2
)
 
(32.1
)
Total operating income
 
$
52.7

 
$
47.6

 
$
133.9

 
$
132.6

 
 
 
 
 
 
 
 
 
Net (gain) loss on dispositions:
 
 
 
 
 
 
 
 
U.S.
 
$
—

 
$
(0.5
)
 
$
0.5

 
$
(1.3
)
International
 
—

 
—

 
0.1

 
(0.1
)
Total (gain) loss on dispositions
 
$
—

 
$
(0.5
)
 
$
0.6

 
$
(1.4
)
 
 
 
 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
 
 
 
U.S.
 
$
51.7

 
$
42.5

 
$
153.0

 
$
125.8

International
 
5.8

 
7.0

 
18.2

 
20.8

Total depreciation and amortization
 
$
57.5

 
$
49.5

 
$
171.2

 
$
146.6

 
 
 
 
 
 
 
 
 
Capital expenditures:
 
 
 
 
 
 
 
 
U.S.
 
$
13.8

 
$
12.9

 
$
39.5

 
$
37.4

International
 
1.5

 
1.4

 
3.5

 
6.2

Total capital expenditures
 
$
15.3

 
$
14.3

 
$
43.0

 
$
43.6


 
 
As of
(in millions)
 
September 30, 2015
 
December 31, 2014
Assets:
 
 
 
 
U.S.
 
$
3,675.1

 
$
3,704.2

International
 
244.7

 
270.4

Corporate
 
90.5

 
49.0

Total assets
 
$
4,010.3

 
$
4,023.6