Equifax 2002 Annual Report Download - page 65

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
policies of the segments are the same as those described in our
summary of significant accounting and reporting policies (Note 1).
We evaluate the segment performance based on its operating
income before unusual items (if any). Intersegment sales and
transfers are not material. The measurements of segment profit or
loss and segment assets for each reportable segment are substan-
tially the same. All transactions between segments are accounted
for at cost, and no timing differences occur between segments.
The 2002 operating results of Spain’s Commercial Services busi-
ness have been reclassified to discontinued operations and are not
included in Equifax Europe’s segment results below. The 2001 and
2000 operating results for this business have not been reclassified
to discontinued operations since they were not material, and are
included in Equifax Europe’s segment results below (Note 2).
Goodwill amortization in 2001 and 2000 for all business segments
has been reclassified to a separate line to provide for comparabil-
ity with 2002.
A description of segment products and services is as follows:
Equifax North America Information Services including con-
sumer services such as credit information; credit card marketing
services; locate services; fraud detection and prevention services;
mortgage loan origination information; analytics and consulting;
identity verification services; commercial services, primarily in
Canada and Marketing Services consisting of consumer demo-
graphic and lifestyle information and Consumer Direct credit and
finance products sold directly to individuals.
Equifax Europe Information Services including Consumer and
Commercial Services such as credit, credit scoring and modeling
services and Credit Marketing Services.
Equifax Latin America Information Services including consumer
and Commercial Services such as credit and other commercial,
financial, and consumer information.
Other Lottery services relating solely to a contract to provide
services to the state of California. No further revenue or operating
income has been received since the second quarter 2002 or is
expected to occur in this segment.
Divested Operations Includes businesses divested in the fourth
quarter of 2001 and 2000 (City Directory, the risk management
collections businesses in the U.S., Canada, and the United
Kingdom, as well as the vehicle information business in the
United Kingdom) (Note 4).
61
Segment information for 2002, 2001, and 2000 is as follows (in millions):
2002 2001 2000
Operating Revenue:
Equifax North America $902.2 $852.4 $ 755.2
Equifax Europe 126.1 141.1 142.9
Equifax Latin America 76.6 106.7 119.5
Other 4.4 9.6 9.6
1,109.3 1,109.8 1,027.2
Divested Operations –29.2 162.0
$1,109.3 $1,139.0 $1,189.2
Operating Income (Loss):
Equifax North America $361.6 $340.6 $ 295.9
Equifax Europe 12.7 5.8 17.2
Equifax Latin America 20.3 32.0 40.0
Other 4.4 8.9 8.9
General Corporate Expense (47.7) (44.8) (41.7)
351.3 342.5 320.3
Divested Operations –(2.9) 12.7
Goodwill Amortization –(25.4) (24.4)
Restructuring and Other Charges (Note 5) –(60.4) –
$351.3 $253.8 $ 308.6