v3.24.3
BUSINESS SEGMENTS (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Revenues
The following tables present our revenues disaggregated by segment and major revenue stream for the 2024 third quarter, 2023 third quarter, 2024 first three quarters, and 2023 first three quarters:
Three Months Ended September 30, 2024
(in millions)U.S. & Canada
EMEA
Greater China
APEC
Total
Gross fee revenues$747 $153 $62 $82 $1,044 
Contract investment amortization(19)(3)— (2)(24)
Net fee revenues728 150 62 80 1,020 
Owned, leased, and other revenue95 169 5 30 299 
Cost reimbursement revenue3,773 316 75 120 4,284 
Total reportable segment revenue$4,596 $635 $142 $230 $5,603 
Unallocated corporate and other
652 
Total revenues
$6,255 
Three Months Ended September 30, 2023
(in millions)U.S. & CanadaEMEAGreater ChinaAPECTotal
Gross fee revenues$690 $143 $71 $69 $973 
Contract investment amortization(16)(4)— (1)(21)
Net fee revenues674 139 71 68 952 
Owned, leased, and other revenue94 155 6 28 283 
Cost reimbursement revenue3,565 309 83 103 4,060 
Total reportable segment revenue$4,333 $603 $160 $199 $5,295 
Unallocated corporate and other
633 
Total revenues
$5,928 
Nine Months Ended September 30, 2024
(in millions)U.S. & CanadaEMEAGreater ChinaAPECTotal
Gross fee revenues$2,227 $425 $186 $243 $3,081 
Contract investment amortization(57)(10)— (4)(71)
Net fee revenues2,170 415 186 239 3,010 
Owned, leased, and other revenue314 444 18 98 874 
Cost reimbursement revenue11,367 916 226 359 12,868 
Total reportable segment revenue$13,851 $1,775 $430 $696 $16,752 
Unallocated corporate and other
1,919 
Total revenues
$18,671 
Nine Months Ended September 30, 2023
(in millions)U.S. & CanadaEMEAGreater ChinaAPECTotal
Gross fee revenues$2,113 $381 $196 $199 $2,889 
Contract investment amortization(49)(10)— (3)(62)
Net fee revenues2,064 371 196 196 2,827 
Owned, leased, and other revenue327 419 15 95 856 
Cost reimbursement revenue10,722 872 234 300 12,128 
Total reportable segment revenue$13,113 $1,662 $445 $591 $15,811 
Unallocated corporate and other
1,807 
Total revenues
$17,618 
Schedule of Segment Profits
Segment Profits
Three Months EndedNine Months Ended
(in millions)September 30, 2024September 30, 2023September 30, 2024September 30, 2023
U.S. & Canada$617 $707 $2,029 $2,120 
EMEA152 144 386 354 
Greater China46 60 144 165 
APEC66 58 200 171 
Unallocated corporate and other
73 159 279 378 
Interest expense, net of interest income(168)(139)(485)(391)
Provision for income taxes(202)(237)(633)(562)
Net income$584 $752 $1,920 $2,235