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Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Reconciliation of Revenue from Segments to Consolidated

The following tables set forth our financial performance by segment.

												Three Months Ended
												March 31,
(in millions)																		2024						2023
Revenues:
U.S. Media																		$	389.6					$	376.4
Other																		18.9						19.4
Total revenues																		$	408.5					$	395.8

Adjusted OIBDA by Segment and Reconciliation to Consolidated Net Income

												Three Months Ended
												March 31,
(in millions)																		2024						2023
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 tax																		0.2						0.8
Interest expense, net																		41.4						37.7
Operating income																		14.0						10.2
Net loss on dispositions																		0.1						0.3
Impairment charges																		9.1						—
Depreciation and amortization																		36.1						41.9
Stock-based compensation																		7.2						7.8
Total Adjusted OIBDA																		$	66.5					$	60.2
Adjusted OIBDA:
U.S. Media																		$	81.8					$	72.1
Other																		0.9						1.1
Corporate																		(16.2)						(13.0)
Total Adjusted OIBDA																		$	66.5					$	60.2

Tabular Disclosure by Reportable Segments

												Three Months Ended
												March 31,
(in millions)																		2024						2023
Operating income (loss):
U.S. Media																		$	36.5					$	33.3
Other																		0.9						(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
Other																		0.8						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).

Reconciliation of Assets from Segment to Consolidated

						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
Corporate						37.5						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.)

Long-Lived Assets by Geographic Areas

						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.)

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- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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