XML 87 R76.htm IDEA: XBRL DOCUMENT v3.22.2
Segments - Segments Results (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total consolidated revenues $ 1,138.3 $ 1,289.7 $ 2,294.0 $ 2,499.7
Operating income:        
Total operating income 264.0 254.9 501.5 487.7
Operating Segments        
Operating income:        
Total operating income 264.2 254.9 520.4 487.7
Operating Segments | Consumer-to-Consumer        
Revenues:        
Total consolidated revenues 1,026.9 1,127.1 2,025.9 2,178.0
Operating income:        
Total operating income 225.6 233.8 432.8 439.9
Operating Segments | Business Solutions        
Revenues:        
Total consolidated revenues [1] 35.7 99.3 124.8 195.8
Operating income:        
Total operating income [1] 8.3 10.9 35.8 23.5
Operating Segments | Other        
Revenues:        
Total consolidated revenues 75.7 63.3 143.3 125.9
Operating income:        
Total operating income 30.3 $ 10.2 51.8 $ 24.3
Not Allocated To Segments | Russia/Belarus        
Operating income:        
Exit costs [2] $ (0.2)   (11.2)  
Not Allocated To Segments | Business Solutions        
Operating income:        
Exit costs [2]     $ (7.7)  
[1] On August 4, 2021, the Company entered into an agreement to sell its Business Solutions business to the Buyer, which will be completed in two closings. The first closing occurred on March 1, 2022, with the second expected in the fourth quarter of 2022. The operations of the Business Solutions business to be sold in the second closing continue to be included in Revenues and Operating income after the first closing. However, between the first and second closing, the Company will pay the Buyer a measure of the profits from these operations, adjusted for income taxes and other charges, as contractually agreed, and this expense is recognized in Other income/(expense), net in the Condensed Consolidated Statements of Income. See Note 4 for further information regarding this transaction.
[2] Represents the exit costs incurred in connection with the Company's suspension of its operations in Russia and Belarus and the divestiture of the Business Solutions business, primarily related to severance and non-cash impairments of property and equipment, an operating lease right-of-use asset, and other intangible assets. While certain of the expenses are identifiable to the Company's segments, the expenses are not included in the measurement of segment operating income provided to the CODM for purposes of performance assessment and resource allocation. These expenses are therefore excluded from the Company's segment operating income results.