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Segments (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Segment Results | The following table presents the Company’s segment results for the three months ended March 31, 2023 and 2022 (in millions):
|  | Three Months Ended |
|  | March 31, |
|  | 2023 |  |  | 2022 |
Revenues: |  |  |  |  |  |
Consumer-to-Consumer |  | $ | 938.3 |  |  | $ | 999.0 |
Business Solutions (a) |  |  | 15.4 |  |  |  | 89.1 |
Other |  |  | 83.2 |  |  |  | 67.6 |
Total consolidated revenues |  | $ | 1,036.9 |  |  | $ | 1,155.7 |
Operating income: |  |  |  |  |  |
Consumer-to-Consumer |  | $ | 177.8 |  |  | $ | 207.2 |
Business Solutions (a) |  |  | 1.9 |  |  |  | 27.5 |
Other |  |  | 32.1 |  |  |  | 21.5 |
Total segment operating income |  |  | 211.8 |  |  |  | 256.2 |
Russia/Belarus exit costs (b) |  |  | — |  |  |  | (11.0 | )
Business Solutions exit costs (b) |  |  | — |  |  |  | (7.7 | )
Operating expense redeployment program costs (c) |  |  | (7.1 | ) |  |  | — |
Total consolidated operating income |  | $ | 204.7 |  |  | $ | 237.5 |
(a) On August 4, 2021, the Company entered into an agreement to sell its Business Solutions business to the Buyer. The sale will be completed in three closings, the first of which occurred on March 1, 2022. The second occurred in December 2022, with the third expected to occur in the second quarter of 2023. See Note 4 for further information regarding this transaction. (b) 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. (c) Represents severance, expenses associated with streamlining the Company's organizational and legal structure, and other expenses associated with the Company's program to redeploy expenses in its cost base through optimizations in vendor management, real estate, marketing, and people strategy, as previously announced in October 2022. In the fourth quarter of 2022, expenses incurred under the program included non-cash impairments of operating lease right-of-use assets and property and equipment. 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.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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