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Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Segment Reporting Information, by Segment

Financial information regarding 2022, 2021 and 2020 operations by the Company’s designated geographic areas is as follows:


	UNITED STATES		OTHER NORTH AMERICA		LATIN AMERICA		NORTH ASIA		SOUTH ASIA		EUROPE		MIDDLE EAST, AFRICA AND INDIA		ELIMINATIONS			CONSOLIDATED
2022
Revenues	$	4,869,364		517,662		257,721		5,810,088		2,144,034		2,471,456		1,005,489		(4,530	)		17,071,284
Directly related cost of transportation and other expenses 1	$	2,943,232		310,206		160,273		4,853,902		1,751,187		1,768,102		791,887		(1,892	)		12,576,897
Salaries and other operating expenses 2	$	944,050		188,192		72,177		504,805		238,658		573,598		151,069		(2,533	)		2,670,016
Operating income 3	$	982,082		19,264		25,271		451,381		154,189		129,756		62,533		(105	)		1,824,371
Identifiable assets at period end	$	3,070,697		209,516		123,003		675,022		316,777		938,660		283,872		(27,113	)		5,590,434
Capital expenditures	$	56,411		2,954		937		2,976		1,543		17,868		4,135		—			86,824
Depreciation and amortization	$	35,461		1,892		1,123		4,682		1,966		9,640		2,574		—			57,338
Equity	$	2,246,417		31,132		56,416		274,703		136,944		263,278		145,269		(40,624	)		3,113,535
2021
Revenues	$	4,344,825		440,226		209,161		6,363,054		2,046,569		2,258,911		865,509		(4,738	)		16,523,517
Directly related cost of transportation and other expenses 1	$	2,491,947		245,842		125,940		5,295,612		1,666,792		1,558,705		675,303		(1,986	)		12,058,155
Salaries and other operating expenses 2	$	1,019,236		123,147		57,779		515,703		204,574		494,760		143,581		(2,744	)		2,556,036
Operating income	$	833,642		71,237		25,442		551,739		175,203		205,446		46,625		(8	)		1,909,326
Identifiable assets at period end	$	3,699,748		265,872		122,327		1,587,659		572,980		1,089,963		350,843		(79,463	)		7,609,929
Capital expenditures	$	19,527		983		471		1,786		2,057		9,507		1,916		—			36,247
Depreciation and amortization	$	29,826		1,780		1,079		5,047		1,965		9,228		2,387		—			51,312
Equity	$	2,599,804		111,952		41,743		224,765		140,129		294,348		123,598		(38,348	)		3,497,991
2020
Revenues	$	2,776,537		325,878		156,163		3,425,510		961,989		1,455,746		486,331		(3,761	)		9,584,393
Directly related cost of transportation and other expenses 1	$	1,568,452		190,326		93,249		2,744,264		711,004		992,357		359,002		(1,952	)		6,656,702
Salaries and other operating expenses 2	$	877,117		100,687		48,114		332,978		149,269		375,900		104,968		(1,779	)		1,987,254
Operating income	$	330,968		34,865		14,800		348,268		101,716		87,489		22,361		(30	)		940,437
Identifiable assets at period end	$	2,532,324		186,204		85,085		876,856		272,106		752,589		240,984		(18,645	)		4,927,503
Capital expenditures	$	31,604		1,886		564		2,202		2,264		6,394		2,629		—			47,543
Depreciation and amortization	$	37,081		1,946		1,194		4,961		1,876		8,029		1,872		—			56,959
Equity	$	1,928,945		67,243		32,273		241,155		121,411		196,637		114,369		(38,806	)		2,663,227

Directly related cost of transportation and other expenses totals operating expenses from airfreight services, ocean freight and ocean services and customs brokerage and other services as shown in the consolidated statements of earnings.

Salaries and other operating expenses totals salaries and related, rent and occupancy, depreciation and amortization, selling and promotion and other as shown in the consolidated statements of earnings.

In 2022, Other North America operating income includes charges of $22 million related to non-income tax contingencies.

Schedule of Revenues Operating Income and Long-lived Assets Attributed to Material Foreign Countries

Other than the United States, only the People’s Republic of China, including Hong Kong, represented more than 10% of the Company’s total revenue, total operating income, total identifiable assets or equity in any period presented as noted in the table below.


	2022	2021	2020
Revenues	27%	31%	29%
Operating income	19%	22%	29%
Identifiable assets at year end	10%	17%	14%
Equity	7%	4%	6%