v3.25.2
BUSINESS SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
BUSINESS SEGMENT INFORMATION BUSINESS SEGMENT INFORMATION
The following table is a summary of segment information for the three and six months ended June 30, 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 CODM uses segment operating income to evaluate segment performance and to allocate resources. This 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. Other operating expenses are comprised primarily of rent, maintenance, sendout testing, 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 June 30, 2025
Revenues:DxBLSIntercompany eliminations and otherLHI
Revenues$2,748.8 $784.8 $(6.3)$3,527.3 
Operating Earnings:
Labor1,155.1 302.3 
Supplies591.3 130.8 
Shipping costs98.2 
Depreciation65.4 29.0 
Other operating expenses454.2 101.2 
Segment operating income$482.8 $123.3 $606.1 
General corporate and unallocated expenses(139.2)
Amortization of intangibles and other assets(68.3)
Restructuring and other charges(4.1)
Total Operating income
394.5 
Other (expense) income:
Interest expense(57.1)
Investment income1.7 
Equity method loss, net(1.7)
Other, net(32.7)
Earnings from operations before income taxes$304.7 
Three Months Ended June 30, 2024
Revenues:DxBLSIntercompany eliminations and otherLHI
Revenues$2,524.9 $707.0 $(11.0)$3,220.9 
Operating Earnings:
Labor1,072.6 285.7 
Supplies544.3 106.7 
Shipping costs89.7 
Depreciation63.1 30.3 
Other operating expenses403.4 87.2 
Segment operating income$441.5 $107.4 $548.9 
General corporate and unallocated expenses(180.3)
Amortization of intangibles and other assets(62.2)
Restructuring and other charges(11.6)
Total Operating income294.8 
Other (expense) income:
Interest expense(47.6)
Investment income1.3 
Equity method loss, net(0.3)
Other, net19.5 
Earnings from operations before income taxes$267.7 
Six Months Ended June 30, 2025
Revenues:DxBLSIntercompany eliminations and otherLHI
Revenues$5,378.4 $1,506.1 $(12.1)$6,872.4 
Operating Earnings:
Labor2,278.7 592.0 
Supplies1,177.9 241.9 
Shipping costs193.2 
Depreciation127.1 57.6 
Other operating expenses884.4 191.2 
Segment operating income$910.3 $230.2 $1,140.5 
General corporate and unallocated expenses(271.6)
Amortization of intangibles and other assets(137.9)
Restructuring and other charges(10.5)
Total Operating income720.5 
Other (expense) income:
Interest expense(113.1)
Investment income8.2 
Equity method loss, net(2.0)
Other, net(33.7)
Earnings from operations before income taxes$579.9 
Six Months Ended June 30, 2024
Revenues:DxBLSIntercompany eliminations and otherLHI
Revenues$5,004.6 $1,417.9 $(25.0)$6,397.5 
Operating Earnings:
Labor2,128.3 576.1 
Supplies1,104.7 210.2 
Shipping costs178.1 
Depreciation124.8 61.5 
Other operating expenses787.4 184.7 
Segment operating income$859.4 $207.3 $1,066.7 
General corporate and unallocated expenses(309.2)
Amortization of intangibles and other assets(122.3)
Restructuring and other charges(16.6)
Goodwill and other asset impairments(2.5)
Total Operating income
616.1 
Other (expense) income:
Interest expense(94.5)
Investment income4.2 
Equity method loss, net(0.2)
Other, net39.5 
Earnings from operations before income taxes$565.1