v3.25.1
BUSINESS SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
BUSINESS SEGMENT INFORMATION BUSINESS SEGMENT INFORMATION
The following table is a summary of segment information for the three months ended March 31, 2025, and 2024. The “management approach” has been used to present the following segment information. This approach is based upon the way the management of the Company organizes segments within an enterprise for making operating decisions and assessing performance. Financial information is reported on the basis that it is used internally by the chief operating decision maker
(CODM) for evaluating segment performance and deciding how to allocate resources to segments. The Company’s chief executive officer has been identified as the CODM.
The Company’s segment performance measure excludes the amortization of intangibles and other assets, restructuring and other charges, goodwill and other asset impairments, and certain corporate charges for items such as transaction costs, and other special items. This aligns with how the CODM now evaluates segment performance and allocates resources. Other operating expenses are comprised primarily of rent, maintenance, consulting sendouts, utilities, travel and entertainment, and other segment expenses, including shipping costs for Dx. Segment asset information is not presented because it is not used by the CODM.
Three Months Ended March 31, 2025
Revenues:DxBLSIntercompany eliminations and otherLHI
Revenues$2,629.6 $721.3 $(5.8)$3,345.1 
Operating Earnings:
Labor1,123.6 289.7 
Supplies586.6 111.1 
Shipping costs95.0 
Depreciation61.7 28.6 
Other operating expenses430.2 90.0 
Segment operating income$427.5 $106.9 $534.4 
General corporate and unallocated expenses(132.4)
Amortization of intangibles and other assets(69.6)
Restructuring and other charges(6.4)
Total Operating income
326.0 
Other (expense) income:
Interest expense(56.0)
Investment income6.5 
Equity method loss, net(0.3)
Other, net(1.0)
Earnings from operations before income taxes$275.2 
Three Months Ended March 31, 2024
Revenues:DxBLSIntercompany eliminations and otherLHI
Revenues$2,479.7 $710.9 $(14.0)$3,176.6 
Operating Earnings:
Labor1,055.7 290.4 
Supplies560.4 103.5 
Shipping costs88.4 
Depreciation61.7 31.2 
Other operating expenses384.0 97.5 
Segment operating income$417.9 $99.9 $517.8 
General corporate and unallocated expenses(128.9)
Amortization of intangibles and other assets(60.1)
Restructuring and other charges(5.0)
Goodwill and other asset impairments(2.5)
Total Operating income
321.3 
Other (expense) income:
Interest expense(46.9)
Investment income2.9 
Equity method income, net
0.1 
Other, net20.0 
Earnings from operations before income taxes$297.4