Note 14 - Segment Information

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

14. Segment Information

We have five reportable business segments which are based primarily on the services each segment provides. The JBI segment includes freight that is transported by rail over at least some portion of the movement and also includes certain repositioning truck freight moved by JBI equipment or third-party carriers, when such highway movement is intended to direct JBI equipment back toward intermodal operations. DCS segment business includes company-owned and customer-owned, DCS-operated revenue equipment and employee drivers assigned to a specific customer, traffic lane, or service. DCS operations usually include formal, written longer-term agreements or contracts that govern services performed and applicable rates. ICS provides non-asset and asset-light transportation solutions to customers through relationships with third-party carriers and integration with company-owned equipment. ICS services include flatbed, refrigerated, and LTL, as well as a variety of dry-van and intermodal solutions. ICS offers the majority of these services though an online multimodal marketplace via J.B. Hunt 360 that matches the right load with the right carrier and the best mode. FMS provides final-mile delivery services to customers through a nationwide network of cross-dock and other delivery system network locations. FMS provides both asset and non-asset big and bulky delivery and installation services, as well as fulfilment and retail-pooling distributions services. JBT business includes full-load, dry-van freight that is transported utilizing company-owned revenue equipment or third-party carriers utilizing company-owned trailing equipment as well as services though our J.B. Hunt 360box program which utilizes the J.B. Hunt 360 platform to access capacity and offer efficient drop trailer solutions to customers. This freight is typically transported over roads and highways and does not move by rail. All transactions between reporting segments are eliminated in consolidation.

Our customers are geographically dispersed across the United States. A summary of certain segment information is presented below (in millions):

	Assets (Excludes intercompany accounts)
	December 31,
	2021		2020
JBI	$	2,858	$	2,426
DCS		1,630		1,482
ICS		428		301
FMS		472		486
JBT		403		286
Other (includes corporate)		1,003		947
Total	$	6,794	$	5,928

	Revenues
	Years ended December 31,
	2021			2020			2019
JBI	$	5,454		$	4,675		$	4,745
DCS		2,578			2,196			2,128
ICS		2,538			1,658			1,348
FMS		842			689			567
JBT		796			463			389
Total segment revenues		12,208			9,681			9,177
Intersegment eliminations		(40	)		(44	)		(12	)
Total	$	12,168		$	9,637		$	9,165

	Operating Income
	Years ended December 31,
	2021		2020			2019
JBI	$	603	$	428		$	447
DCS		304		314			278
ICS		46		(45	)		(11	)
FMS		28		(1	)		(9	)
JBT		65		17			29
Total	$	1,046	$	713		$	734

	Depreciation and Amortization Expense
	Years ended December 31,
	2021		2020		2019
JBI	$	198	$	189	$	181
DCS		233		224		216
FMS		35		33		30
JBT		36		34		33
Other		55		47		39
Total	$	557	$	527	$	499