operating unit

(redirected from Operating Units)

Operating Unit

A subsidiary that engages in business with other parties. That is, an operating unit has its own assets and liabilities and functions as if it were an independent company; the only difference is that it is owned by another company. An operating unit is useful for the profit it can produce. It contrasts with a nonoperating unit.

operating unit

A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon Capital Cities/ABC became an operating unit of Disney. A decade earlier Capital Cities had acquired ABC. Compare nonoperating unit.
References in periodicals archive ?
The Operating Units will function as entities facilitating collection of bills/repetitive payments.
Informa Group is comprised of over 65 operating units producing information products and conferences for a range of market segments.
By consolidating and tapping the global technical resources of PB's principal operating units, PBConsult delivers management expertise on a par with the top names in the global consulting field," he said.
Modernization efforts already underway to assist the IRS in this mission include reorganizing the Service into operating units based on taxpayer (rather than IRS) function.
In federalism, suggestions about management of the organization may well percolate up from the operating units.
As CSX vice president-taxes, Farrell is responsible for all aspects of the tax affairs of CSX and its operating units.
Now, Digital is nearing the close of a five-year plan to coordinate its information flow and let operating units make their own business decisions.
Ultralife's three other operating units are: Ultralife Batteries (UK) Ltd.
9 million common operating units in Cali Realty, L.
Other Textron Systems operating units include HR Textron (Santa Clarita, CA), Textron Marine & Land (New Orleans, LA), Lycoming Engines (Williamsport, PA) and Overwatch, Tactical Operations (Austin, TX) and Overwatch, GeoSpatial Operations (Sterling, VA).
All of the operating units in the refinery have been temporarily shut down.