SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Operating Revenue, Operating Income by Operating Segment and Total Assets by Operating Segments

Segment information for the three and six months ended June 30, 2025 and 2024 are as follows:


	Three Months Ended June 30, 2025
	Workforce Solutions		U.S. Information Solutions		International		Total
	(In millions)
Operating Revenue	$	662.1	$	521.5	$	353.4	$	1,537.0

Less: (1)
Cost of services	232.8		234.1		166.4		633.3
Selling, general and administrative expenses	77.2		106.6		102.3		286.1
Depreciation and amortization expenses	44.8		62.8		46.1		153.7
Operating Income	$	307.3	$	118.0	$	38.6	$	463.9

Reconciliation of segment operating income to consolidated income before income taxes:
Unallocated amounts:
General corporate expense (2)							$	(153.1)
Other income, net							3.6
Interest expense (3)							(53.1)
Consolidated income before income taxes							$	261.3


	Three Months Ended June 30, 2024
	Workforce Solutions		U.S. Information Solutions		International		Total
	(In millions)
Operating Revenue	$	612.9	$	478.3	$	339.3	$	1,430.5

Less: (1)
Cost of services	214.5		222.4		161.3		598.2
Selling, general and administrative expenses	81.3		100.3		94.1		275.7
Depreciation and amortization expenses	44.4		57.0		43.5		144.9
Operating Income	$	272.7	$	98.6	$	40.4	$	411.7

Reconciliation of segment operating income to consolidated income before income taxes:
Unallocated amounts:
General corporate expense (2)							$	(129.5)
Other expense, net							(0.3)
Interest expense (3)							(57.3)
Consolidated income before income taxes							$	224.6


	Six Months Ended June 30, 2025
	Workforce Solutions		U.S. Information Solutions		International		Total
	(In millions)
Operating Revenue	$	1,280.7	$	1,021.3	$	677.0	$	2,979.0

Less: (1)
Cost of services	465.8		466.7		324.0		1,256.5
Selling, general and administrative expenses	154.2		204.9		199.2		558.3
Depreciation and amortization expenses	89.3		126.1		89.8		305.2
Operating Income	$	571.4	$	223.6	$	64.0	$	859.0

Reconciliation of segment operating income to consolidated income before income taxes:
Unallocated amounts:
General corporate expense (2)							$	(312.3)
Other income, net							6.0
Interest expense (3)							(106.0)
Consolidated income before income taxes							$	446.7


	Six Months Ended June 30, 2024
	Workforce Solutions		U.S. Information Solutions		International		Total
	(In millions)
Operating Revenue	$	1,215.7	$	943.6	$	660.6	$	2,819.9

Less: (1)
Cost of services	438.3		436.3		316.6		1,191.2
Selling, general and administrative expenses	160.8		202.6		183.8		547.2
Depreciation and amortization expenses	88.8		113.5		87.9		290.2
Operating Income	$	527.8	$	191.2	$	72.3	$	791.3

Reconciliation of segment operating income to consolidated income before income taxes:
Unallocated amounts:
General corporate expense (2)							$	(284.4)
Other income, net							1.3
Interest expense (3)							(117.1)
Consolidated income before income taxes							$	391.1

(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker ("CODM").

(2)General corporate expenses include corporate depreciation and amortization expenses that are not related to a specific business unit and are incurred at the corporate level, as well as unallocated costs incurred at the corporate level and those expenses impacted by the overall management and strategic choices of the company, including shared services overhead, technology, security, data and analytics, administrative, legal, restructuring charges to the extent reported in the period, and the portion of management incentive compensation determined by total company-wide performance.

(3)Interest expense includes interest incurred on our outstanding debt agreements.


	June 30,		December 31,
Total assets:	2025		2024
	(in millions)
Workforce Solutions	$	4,086.4	$	4,104.9
U.S. Information Solutions	3,384.0		3,386.2
International	3,620.1		3,451.6
General Corporate	827.4		816.7
Total assets	$	11,917.9	$	11,759.4


	Three Months Ended June 30,				Six Months Ended June 30,
Capital expenditures:	2025		2024		2025		2024
	(in millions)
Workforce Solutions	$	25.9	$	24.8	$	46.2	$	48.5
U.S. Information Solutions	25.0		46.8		51.5		89.5
International	31.3		31.9		61.7		62.1
General Corporate	40.0		27.5		64.0		55.6
Total capital expenditures*	$	122.2	$	131.0	$	223.4	$	255.7

*Amounts above include accruals for capital expenditures.

EQUIFAX INC 10-Q