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Segment Information
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
We currently manage our operations through two operating segments—U.S. Billboard and Transit, which is included in our U.S. Media reportable segment, and International. International does not meet the criteria to be a reportable segment and accordingly, is included in Other.

The following tables set forth our financial performance by segment.
Three Months Ended
March 31,
(in millions)20242023
Revenues:
U.S. Media$389.6 $376.4 
Other18.9 19.4 
Total revenues$408.5 $395.8 
We present Operating income (loss) before Depreciation, Amortization, Net (gain) loss on dispositions, Stock-based compensation and Impairment charges (“Adjusted OIBDA”) as the primary measure of profit and loss for our operating segments.
Three Months Ended
March 31,
(in millions)20242023
Net loss before allocation to non-controlling interests$(27.1)$(28.7)
(Benefit) provision for income taxes(0.5)0.4 
Equity in earnings of investee companies, net of tax0.2 0.8 
Interest expense, net41.4 37.7 
Operating income14.0 10.2 
Net loss on dispositions0.1 0.3 
Impairment charges9.1 — 
Depreciation and amortization36.1 41.9 
Stock-based compensation7.2 7.8 
Total Adjusted OIBDA$66.5 $60.2 
Adjusted OIBDA:
U.S. Media$81.8 $72.1 
Other0.9 1.1 
Corporate(16.2)(13.0)
Total Adjusted OIBDA$66.5 $60.2 
Three Months Ended
March 31,
(in millions)20242023
Operating income (loss):
U.S. Media$36.5 $33.3 
Other0.9 (2.3)
Corporate(23.4)(20.8)
Total operating income$14.0 $10.2 
Net loss on dispositions:
U.S. Media$0.1 $0.3 
Total loss on dispositions$0.1 $0.3 
Impairment charges (a):
U.S. Media$9.1 $— 
Total impairment charges$9.1 $— 
Depreciation and amortization:
U.S. Media$36.1 $38.5 
Other— 3.4 
Total depreciation and amortization$36.1 $41.9 
Capital expenditures:
U.S. Media$17.6 $22.0 
Other0.8 0.6 
Total capital expenditures$18.4 $22.6 
(a)Impairment charges related to the long-term outlook of our U.S. Transit and Other reporting unit (see Note 4. Intangible Assets).
As of
(in millions)March 31,
2024		December 31, 2023
Assets:
U.S. Media$5,220.7 $5,297.2 
Other(a)
255.8 259.7 
Corporate37.5 26.0 
Total assets$5,514.0 $5,582.9 
(a)Includes amounts reclassified as Assets held for sale on the Consolidated Statement of Financial Position. (See Note 11. Acquisitions and Dispositions: Dispositions: Canadian Business.)
As of
(in millions)March 31,
2024		December 31, 2023
Long-lived assets(a):
United States$4,935.6 $4,962.6 
Canada(b)
209.7 214.3 
Total assets$5,145.3 $5,176.9 
(a)Reflects total assets less current assets, investments and non-current deferred tax assets.
(b)Includes amounts reclassified as Assets held for sale on the Consolidated Statement of Financial Position. (See Note 11. Acquisitions and Dispositions: Dispositions: Canadian Business.)