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Segment Information | 3 Months Ended
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Jan. 31, 2020
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION Our current reportable segments consist of B&I, Aviation, T&M, Education, and Technical Solutions, as further described below. Refer to Note 2, “Basis of Presentation and Significant Accounting Policies,” for information related to the reorganization of our Healthcare business into our other industry groups, primarily B&I, during the third quarter of 2019.
REPORTABLE SEGMENTS AND DESCRIPTIONS |
B&I | B&I, our largest reportable segment, encompasses janitorial, facilities services, and parking services for commercial real estate properties, sports and entertainment venues, and traditional hospitals and non-acute healthcare facilities. B&I also provides vehicle maintenance and other services to rental car providers.
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 provides janitorial, facilities services, and parking services to industrial and high-tech manufacturing facilities.
Education | Education delivers janitorial, custodial, landscaping and grounds, facilities engineering, and parking services for public school districts, private schools, colleges, and universities.
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.
Financial Information by Reportable Segment
| Three Months Ended January 31, |  |  |  |  |  |
(in millions) | 2020 |  | 2019 |  |  |  |
Revenues |  |  |  |  |  |  |
Business & Industry | $ | 820.9 |  |  | $ | 828.8 |  |  |  |  |
Aviation | 238.7 |  |  | 252.4 |  |  |  |  |
Technology & Manufacturing | 233.9 |  |  | 236.1 |  |  |  |  |
Education | 208.0 |  |  | 208.9 |  |  |  |  |
Technical Solutions | 142.0 |  |  | 116.1 |  |  |  |  |
Elimination of inter-segment revenues | (30.6) |  |  | (34.4) |  |  |  |  |
| $ | 1,612.9 |  |  | $ | 1,607.9 |  |  |  |  |
Operating profit (loss) |  |  |  |  |  |  |
Business & Industry | $ | 38.2 |  |  | $ | 36.8 |  |  |  |  |
Aviation | 5.6 |  |  | 3.9 |  |  |  |  |
Technology & Manufacturing | 16.7 |  |  | 18.2 |  |  |  |  |
Education | 11.2 |  |  | 10.3 |  |  |  |  |
Technical Solutions | 8.3 |  |  | 6.8 |  |  |  |  |
Corporate | (33.3) |  |  | (44.7) |  |  |  |  |
Adjustment for income from unconsolidated affiliates, included in Aviation | (0.9) |  |  | (0.9) |  |  |  |  |
| 45.8 |  |  | 30.3 |  |  |  |  |
Income from unconsolidated affiliates | 0.9 |  |  | 0.9 |  |  |  |  |
Interest expense | (10.2) |  |  | (13.5) |  |  |  |  |
Income from continuing operations before income taxes | $ | 36.5 |  |  | $ | 17.8 |  |  |  |  |
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 actuarial adjustments to 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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