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Segment Information | 6 Months Ended
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Apr. 30, 2018
Segment Reporting [Abstract] |
Segment Information | 12. SEGMENT INFORMATION
Effective November 1, 2017, we reorganized our reportable segments to reflect the integration of GCA into our industry group model. Our reportable segments consist of Business & Industry (“B&I”), Aviation, Technology & Manufacturing (“T&M”), Education, Technical Solutions, and Healthcare, as further described below. Refer to Note 2, “Basis of Presentation and Significant Accounting Policies,” for information related to our former Government Services business.
REPORTABLE SEGMENTS AND DESCRIPTIONS
B&I | B&I, our largest reportable segment, encompasses janitorial, facilities engineering, and parking services for commercial real estate properties and sports and entertainment venues. B&I also provides vehicle maintenance and other services to rental car providers (“Vehicle Services Contracts”).
Aviation | Aviation supports airlines and airports with services ranging from parking and janitorial to passenger assistance, catering logistics, air cabin maintenance, and transportation.
T&M | T&M combines our legacy Industrial & Manufacturing business, which was previously included in our B&I segment, with our legacy High Tech industry group, which was previously reported as part of our legacy Emerging Industries Group. T&M provides janitorial, facilities engineering, and parking services.
Education | Education delivers janitorial, custodial, landscaping and grounds, facilities engineering, and parking services for public school districts, private schools, colleges, and universities. This business was previously reported as part of our legacy Emerging Industries Group.
Technical Solutions | Technical Solutions specializes in mechanical and electrical services. These services can also be leveraged for cross-selling across all of our industry groups, both domestically and internationally.
Healthcare | Healthcare offers janitorial, facilities management, clinical engineering, food and nutrition, laundry and linen, parking and guest services, and patient transportation services at traditional hospitals and non-acute facilities. This business was previously reported as part of our legacy Emerging Industries Group.
Financial Information by Reportable Segment
| Three Months Ended April 30, |  | Six Months Ended April 30,
(in millions) | 2018 |  | 2017 |  | 2018 |  | 2017
Revenues |  |  |  |  |  |  |
Business & Industry | $ | 723.2 |  |  | $ | 637.5 |  |  | $ | 1,445.3 |  |  | $ | 1,293.0 |
Aviation | 245.4 |  |  | 232.1 |  |  | 501.6 |  |  | 464.0 |
Technology & Manufacturing | 227.5 |  |  | 161.4 |  |  | 459.5 |  |  | 332.9 |
Education | 206.3 |  |  | 65.2 |  |  | 412.6 |  |  | 132.2 |
Technical Solutions | 108.5 |  |  | 110.8 |  |  | 212.5 |  |  | 218.5 |
Healthcare | 69.9 |  |  | 60.6 |  |  | 137.6 |  |  | 122.3 |
Government Services | — |  |  | 42.9 |  |  | — |  |  | 74.3 |
| $ | 1,580.8 |  |  | $ | 1,310.5 |  |  | $ | 3,169.2 |  |  | $ | 2,637.2 |
Operating profit (loss) |  |  |  |  |  |  |
Business & Industry | $ | 43.5 |  |  | $ | 36.0 |  |  | $ | 72.0 |  |  | $ | 63.2 |
Aviation | 5.1 |  |  | 6.8 |  |  | 10.9 |  |  | 11.4 |
Technology & Manufacturing | 16.0 |  |  | 12.1 |  |  | 32.9 |  |  | 24.8 |
Education | 10.6 |  |  | 3.6 |  |  | 19.8 |  |  | 7.2 |
Technical Solutions | 7.5 |  |  | 10.2 |  |  | 13.0 |  |  | 18.1 |
Healthcare | 2.7 |  |  | 2.4 |  |  | 5.4 |  |  | 4.9 |
Government Services | — |  |  | 18.2 |  |  | (0.8 | ) |  | 20.0 |
Corporate | (37.1 | ) |  | (36.4 | ) |  | (84.5 | ) |  | (71.0 | )
Adjustment for income from unconsolidated affiliates, net, included in Aviation and Government Services | (1.0 | ) |  | (1.1 | ) |  | (1.6 | ) |  | (2.4 | )
Adjustment for tax deductions for energy efficient government buildings, included in Technical Solutions | (2.0 | ) |  | (0.8 | ) |  | (2.3 | ) |  | (1.4 | )
| 45.3 |  |  | 51.0 |  |  | 64.8 |  |  | 74.8 |
Income from unconsolidated affiliates, net | 1.0 |  |  | 0.9 |  |  | 1.6 |  |  | 2.3 |
Interest expense | (13.8 | ) |  | (3.0 | ) |  | (28.1 | ) |  | (6.3 | )
Income from continuing operations before income taxes | $ | 32.5 |  |  | $ | 48.9 |  |  | $ | 38.2 |  |  | $ | 70.9 |
The accounting policies for our segments are the same as those disclosed within our significant accounting policies in Note 2, “Basis of Presentation and Significant Accounting Policies.” Our management evaluates the performance of each reportable segment based on its respective operating profit results, which include the allocation of certain centrally incurred costs. Corporate expenses not allocated to segments include certain CEO and other finance and human resource departmental expenses, certain information technology costs, share-based compensation, certain legal costs and settlements, restructuring and related costs, certain adjustments resulting from actuarial developments of self-insurance reserves, and direct acquisition costs.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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