10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

þQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2013

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the transition period from ________________ to ________________

Commission file number: 1-3579

PITNEY BOWES INC.

(Exact name of registrant as specified in its charter)

Delaware	06-0495050
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
1 Elmcroft Road, Stamford, Connecticut	06926-0700
(Address of principal executive offices)	(Zip Code)

(203) 356-5000

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes þ No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer þ Accelerated filer o Non-accelerated filer o Smaller reporting company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No þ

As of July 23, 2013, 201,812,523 shares of common stock, par value $1 per share, of the registrant were outstanding.

PITNEY BOWES INC.

INDEX

		Page Number
Part I - Financial Information:
Item 1:	Financial Statements (Unaudited)
	Condensed Consolidated Statements of Income (Loss) for the Three and Six Months Ended June 30, 2013 and 2012	3
	Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Six Months Ended June 30, 2013 and 2012	4
	Condensed Consolidated Balance Sheets at June 30, 2013 and December 31, 2012	5
	Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2013 and 2012	6
	Notes to Condensed Consolidated Financial Statements	7
Item 2:	Management’s Discussion and Analysis of Financial Condition and Results of Operations	30
Item 3:	Quantitative and Qualitative Disclosures about Market Risk	38
Item 4:	Controls and Procedures	38
Part II - Other Information:
Item 1:	Legal Proceedings	39
Item 1A:	Risk Factors	39
Item 2:	Unregistered Sales of Equity Securities and Use of Proceeds	39
Item 6:	Exhibits	39
Signatures		40

2

PART I. FINANCIAL INFORMATION

Item 1: Financial Statements

PITNEY BOWES INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(Unaudited; in thousands, except per share data)

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Revenue:
Equipment sales	$	243,644		$	224,235		$	458,643		$	444,414
Supplies	72,337			70,522			146,624			146,887
Software	100,482			104,551			187,494			208,901
Rentals	136,775			145,497			273,154			285,886
Financing	115,929			122,948			232,691			249,696
Support services	163,178			171,254			328,664			344,772
Business services	325,862			327,350			649,207			655,447
Total revenue	1,158,207			1,166,357			2,276,477			2,336,003
Costs and expenses:
Cost of equipment sales	128,426			106,718			237,763			203,634
Cost of supplies	22,692			20,863			45,954			44,734
Cost of software	21,435			24,404			42,141			45,497
Cost of rentals	26,424			31,851			54,179			62,076
Financing interest expense	19,798			20,642			39,673			41,781
Cost of support services	104,282			112,123			212,291			227,210
Cost of business services	248,715			242,010			495,611			485,952
Selling, general and administrative	376,559			380,656			748,014			779,852
Research and development	31,501			33,811			64,836			67,884
Restructuring charges and asset impairments	19,955			(585		)	19,955			(585		)
Goodwill impairment	97,787			—			97,787			—
Other interest expense	31,347			30,353			62,086			59,720
Interest income	(1,302		)	(2,003		)	(3,050		)	(3,736		)
Other expense, net	—			4,372			25,121			1,138
Total costs and expenses	1,127,619			1,005,215			2,142,361			2,015,157
Income from continuing operations before income taxes	30,588			161,142			134,116			320,846
Provision for income taxes	15,160			53,113			42,899			68,211
Income from continuing operations	15,428			108,029			91,217			252,635
(Loss) income from discontinued operations, net of tax	(20,067		)	(3,812		)	(23,756		)	14,846
Net (loss) income before attribution of noncontrolling interests	(4,639		)	104,217			67,461			267,481
Less: Preferred stock dividends attributable to noncontrolling interests	4,594			4,594			9,188			9,188
Net (loss) income - Pitney Bowes Inc.	$	(9,233	)	$	99,623		$	58,273		$	258,293
Amounts attributable to common stockholders:
Net income from continuing operations	$	10,834		$	103,435		$	82,029		$	243,447
(Loss) income from discontinued operations, net of tax	(20,067		)	(3,812		)	(23,756		)	14,846
Net (loss) income - Pitney Bowes Inc.	$	(9,233	)	$	99,623		$	58,273		$	258,293
Basic earnings per share attributable to common stockholders:
Continuing operations	$	0.05		$	0.52		$	0.41		$	1.22
Discontinued operations	(0.10		)	(0.02		)	(0.12		)	0.07
Net (loss) income - Pitney Bowes Inc.	$	(0.05	)	$	0.50		$	0.29		$	1.29
Diluted earnings per share attributable to common stockholders:
Continuing operations	$	0.05		$	0.51		$	0.41		$	1.21
Discontinued operations	(0.10		)	(0.02		)	(0.12		)	0.07
Net (loss) income - Pitney Bowes Inc.	$	(0.05	)	$	0.50		$	0.29		$	1.29
Dividends declared per share of common stock	$	0.1875		$	0.375		$	0.5625		$	0.750

See Notes to Condensed Consolidated Financial Statements

3

PITNEY BOWES INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Unaudited; in thousands)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
Net (loss) income	$	(4,639	)	$	104,217		$	67,461		$	267,481
Other comprehensive income, net of tax:
Net unrealized gain on cash flow hedges, net of tax of $230, $321, $574 and $353, respectively	362			504			900			553
Net unrealized (loss) gain on investment securities, net of tax of $(3,017), $790, $(2,842) and $242, respectively	(4,719		)	1,235			(4,445		)	378
Amortization of pension and postretirement costs, net of tax of $4,926, $7,070, $11,266 and $13,967, respectively	9,391			10,976			20,993			22,964
Foreign currency translations	(17,554		)	(53,267		)	(59,758		)	(19,908		)
Other comprehensive (loss) income	(12,520		)	(40,552		)	(42,310		)	3,987
Comprehensive (loss) income	(17,159		)	63,665			25,151			271,468
Less: Preferred stock dividends attributable to noncontrolling interests	4,594			4,594			9,188			9,188
Total comprehensive (loss) income - Pitney Bowes Inc.	$	(21,753	)	$	59,071		$	15,963		$	262,280

See Notes to Condensed Consolidated Financial Statements

4

PITNEY BOWES INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited; in thousands, except share and per share data)

	June 30, 2013			December 31, 2012
ASSETS
Current assets:
Cash and cash equivalents	$	608,568		$	913,276
Short-term investments	22,898			36,611
Accounts receivable (net of allowance of $15,528 and $20,219, respectively)	588,540			728,250
Finance receivables (net of allowance of $26,277 and $25,484, respectively)	1,132,518			1,188,292
Inventories	141,061			179,678
Current income taxes	30,578			51,836
Other current assets and prepayments	158,812			114,184
Assets held for sale	71,052			—
Total current assets	2,754,027			3,212,127
Property, plant and equipment, net	351,606			385,377
Rental property and equipment, net	230,759			241,192
Finance receivables (net of allowance of $9,824 and $14,610, respectively)	950,656			1,026,489
Investment in leveraged leases	33,606			34,546
Goodwill	2,012,752			2,136,138
Intangible assets, net	143,451			166,214
Non-current income taxes	93,318			94,434
Other assets	563,027			563,374
Total assets	$	7,133,202		$	7,859,891
LIABILITIES, NONCONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	1,563,069		$	1,809,226
Current income taxes	208,063			240,681
Notes payable and current portion of long-term obligations	—			375,000
Advance billings	448,129			452,130
Liabilities related to assets held for sale	67,476			—
Total current liabilities	2,286,737			2,877,037
Deferred taxes on income	44,460			69,222
Tax uncertainties and other income tax liabilities	144,260			145,881
Long-term debt	3,654,032			3,642,375
Other non-current liabilities	685,002			718,375
Total liabilities	6,814,491			7,452,890
Noncontrolling interests (Preferred stockholders’ equity in subsidiaries)	296,370			296,370
Commitments and contingencies (See Note 14)
Stockholders’ equity:
Cumulative preferred stock, $50 par value, 4% convertible	4			4
Cumulative preference stock, no par value, $2.12 convertible	613			648
Common stock, $1 par value (480,000,000 shares authorized; 323,337,912 shares issued)	323,338			323,338
Additional paid-in capital	198,938			223,847
Retained earnings	4,689,969			4,744,802
Accumulated other comprehensive loss	(723,523		)	(681,213		)
Treasury stock, at cost (121,534,452 and 122,453,865 shares, respectively)	(4,466,998		)	(4,500,795		)
Total Pitney Bowes Inc. stockholders’ equity	22,341			110,631
Total liabilities, noncontrolling interests and stockholders’ equity	$	7,133,202		$	7,859,891

See Notes to Condensed Consolidated Financial Statements

5

PITNEY BOWES INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited; in thousands)

	Six Months Ended June 30,
	2013			2012
Cash flows from operating activities:
Net income before attribution of noncontrolling interests	$	67,461		$	267,481
Restructuring payments	(27,255		)	(47,875		)
Special pension plan contributions	—			(95,000		)
Tax payments related to sale of leveraged lease assets	—			(84,904		)
Adjustments to reconcile net income to net cash provided by operating activities:
Goodwill impairment	97,787			—
Estimated loss on disposal of business	31,751			—
Gain on sale of leveraged lease assets, net of tax	—			(12,886		)
Proceeds from settlement of derivative instruments	4,838			—
Depreciation and amortization	113,702			131,607
Stock-based compensation	7,241			8,852
Restructuring charges and asset impairments	19,955			1,074
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	67,420			60,176
(Increase) decrease in finance receivables	96,928			113,034
(Increase) decrease in inventories	29,863			(9,428		)
(Increase) decrease in other current assets and prepayments	(4,810		)	(13,745		)
Increase (decrease) in accounts payable and accrued liabilities	(173,479		)	(100,897		)
Increase (decrease) in current and non-current income taxes	(89,478		)	86,555
Increase (decrease) in advance billings	6,051			17,178
Increase (decrease) in other operating capital, net	31,060			18,610
Net cash provided by operating activities	279,035			339,832
Cash flows from investing activities:
Short-term and other investments	14,633			(631		)
Capital expenditures	(73,441		)	(88,751		)
Proceeds from sale of leveraged lease assets	—			105,506
Net investment in external financing	(1,021		)	(3,464		)
Reserve account deposits	(26,189		)	2,334
Net cash (used in) provided by investing activities	(86,018		)	14,994
Cash flows from financing activities:
Proceeds from the issuance of long-term obligations, net of fees and discounts of $13,387	411,613			—
Principal payments of long-term obligations	(779,637		)	(550,000		)
Proceeds from the issuance of common stock under employee stock-based compensation plans	3,621			4,274
Dividends paid to stockholders	(113,106		)	(150,025		)
Dividends paid to noncontrolling interests	(9,188		)	(9,188		)
Net cash used in financing activities	(486,697		)	(704,939		)
Effect of exchange rate changes on cash and cash equivalents	(11,028		)	(6,353		)
Decrease in cash and cash equivalents	(304,708		)	(356,466		)
Cash and cash equivalents at beginning of period	913,276			856,238
Cash and cash equivalents at end of period	$	608,568		$	499,772
Cash interest paid	$	95,791		$	99,477
Cash income tax payments, net of refunds	$	111,318		$	63,998

See Notes to Condensed Consolidated Financial Statements

6

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

1. Description of Business and Basis of Presentation

Pitney Bowes Inc. and its subsidiaries (we, us, our or the company) is a global provider of software, hardware and services that enables and integrates both physical and digital communications. We offer a full suite of equipment, supplies, software, services and solutions for managing and integrating physical and digital communication channels. We conduct our business activities in seven reporting segments within two business groups: Small & Medium Business Solutions and Enterprise Business Solutions. See Note 2 for information regarding our reportable segments.

The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and the instructions to Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In addition, the December 31, 2012 Condensed Consolidated Balance Sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. In management's opinion, all adjustments, consisting only of normal recurring adjustments, considered necessary to state fairly our financial position, results of operations and cash flows for the periods presented have been included. Operating results for the periods presented are not necessarily indicative of the results that may be expected for any other interim period or for the year ending December 31, 2013.

In January 2013, the Financial Accounting Standards Board issued Accounting Standards Update No. 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (ASU 2013-01).ASU 2013-01 requires an entity to disclose gross and net information about transactions that are (1) offset in the financial statements or (2) subject to an enforceable master netting arrangement or similar agreement, regardless of whether the transactions are actually offset in the statement of financial position. The disclosure requirements are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. The amounts impacting our disclosure were immaterial at June 30, 2013 and December 31, 2012.

In February 2013, the Financial Accounting Standards Board issued Accounting Standards Update No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (ASU 2013-02). ASU 2013-02 requires an entity to present either parenthetically on the face of the financial statements, or in the notes, significant amounts reclassified from each component of accumulated other comprehensive income and the income statement line items affected by the reclassification. The new standard is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. The adoption of this standard resulted in additional disclosures, but did not impact our financial condition, results of operations or cash flows.

During the fourth quarter of 2012, we determined that changes in certain investment-related working capital accounts that were classified as cash flows from operating activities in the Condensed Consolidated Statement of Cash Flows should have been classified as cash flows from investing activities. Accordingly, the Condensed Consolidated Statement of Cash Flows for the period ended June 30, 2012 has been revised to reflect the correct classification of cash flows, resulting in a decrease in cash provided by operating activities and a corresponding increase in cash provided by investing activities of $30 million.

These statements should be read in conjunction with the financial statements and notes thereto included in our Annual Report to Stockholders on Form 10-K for the year ended December 31, 2012 (the 2012 Annual Report). Certain prior year amounts have been reclassified to conform to the current period presentation.

7

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

2. Segment Information

We conduct our business activities in seven reporting segments within two business groups, Small & Medium Business Solutions and Enterprise Business Solutions. The principal products and services of each of our reporting segments are as follows:

Small & Medium Business Solutions:

North America Mailing: Includes the U.S. and Canadian revenue and related expenses from the sale, rental and financing of our mail finishing, mail creation, shipping equipment and software; supplies; support and other professional services; and payment solutions.

International Mailing: Includes the revenue and related expenses from the sale, rental and financing of our mail finishing, mail creation, shipping equipment and software; supplies; support and other professional services; and payment solutions outside North America.

Enterprise Business Solutions:

Production Mail: Includes the worldwide revenue and related expenses from the sale, support and other professional services of our high-speed, production mail systems, sorting and production print equipment and related software.

Software: Includes the worldwide revenue and related expenses from the sale and support services of non-equipment-based mailing, client relationship, and communication and location intelligence software.

Management Services: Includes primarily the U.S. and Canadian revenue and related expenses from facilities management services; secure mail services; reprographic, document management services; print outsourcing services; and litigation support and eDiscovery services.

Mail Services: Includes worldwide revenue and related expenses from presort mail services and cross-border ecommerce solutions.

Marketing Services: Includes revenue and related expenses from direct marketing services for targeted clients.

Segment earnings before interest and taxes (EBIT), a non-GAAP measure, is determined by deducting from segment revenue the related costs and expenses attributable to the segment. Segment EBIT excludes interest, taxes, general corporate expenses, restructuring charges and impairment charges, which are not allocated to a particular business segment. Management uses segment EBIT to measure profitability and performance at the segment level. Management presents segment EBIT because it believes segment EBIT provides investors with an analysis of the company's operating performance and underlying trends of the businesses. Segment EBIT may not be indicative of our overall consolidated performance and therefore, should be read in conjunction with our condensed consolidated results of operations.

Prior period segment information in the tables below have been revised to reflect the International Management Services (PBMSi) business and International Mailing Services (IMS) operations as discontinued operations (see Note 4).

8

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

Revenue and EBIT by business segment was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Revenue:
North America Mailing	$	432,889	$	453,484	$	863,264	$	914,789
International Mailing	164,556		165,480		332,011		333,494
Small & Medium Business Solutions	597,445		618,964		1,195,275		1,248,283
Production Mail	144,986		123,067		263,788		238,083
Software	92,242		99,874		172,963		200,201
Management Services	174,708		180,562		351,278		360,702
Mail Services	119,058		108,045		237,913		222,681
Marketing Services	29,768		35,845		55,260		66,053
Enterprise Business Solutions	560,762		547,393		1,081,202		1,087,720
Total revenue	$	1,158,207	$	1,166,357	$	2,276,477	$	2,336,003

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
EBIT:
North America Mailing	$	166,363		$	167,870		$	320,868		$	346,041
International Mailing	19,285			21,758			37,034			41,755
Small & Medium Business Solutions	185,648			189,628			357,902			387,796
Production Mail	13,617			5,594			16,672			8,373
Software	15,729			8,487			20,619			19,179
Management Services	14,735			14,222			29,097			26,210
Mail Services	15,484			28,464			34,833			62,709
Marketing Services	4,181			7,503			6,167			12,320
Enterprise Business Solutions	63,746			64,270			107,388			128,791
Total EBIT	249,394			253,898			465,290			516,587
Reconciling items:
Interest, net (1)	(49,843		)	(48,992		)	(98,709		)	(97,765		)
Unallocated corporate and other expenses	(51,221		)	(44,349		)	(114,723		)	(98,561		)
Restructuring charges and asset impairments	(19,955		)	585			(19,955		)	585
Goodwill impairment	(97,787		)	—			(97,787		)	—
Income from continuing operations before income taxes	$	30,588		$	161,142		$	134,116		$	320,846

(1) Includes financing interest expense, other interest expense and interest income.

9

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

3. Finance Assets

Finance Receivables

Finance receivables are comprised of sales-type lease receivables and unsecured revolving loan receivables. Sales-type lease receivables are generally due in monthly, quarterly or semi-annual installments over periods ranging from three to five years. Loan receivables arise primarily from financing services offered to our customers for postage and related supplies. Loan receivables are generally due each month; however, customers may rollover outstanding balances.

Finance receivables consisted of the following:

	June 30, 2013
	North America			International			Total
Sales-type lease receivables
Gross finance receivables	$	1,494,818		$	427,386		$	1,922,204
Unguaranteed residual values	132,817			20,202			153,019
Unearned income	(302,533		)	(97,076		)	(399,609		)
Allowance for credit losses	(15,604		)	(7,178		)	(22,782		)
Net investment in sales-type lease receivables	1,309,498			343,334			1,652,832
Loan receivables
Loan receivables	395,292			48,369			443,661
Allowance for credit losses	(11,559		)	(1,760		)	(13,319		)
Net investment in loan receivables	383,733			46,609			430,342
Net investment in finance receivables	$	1,693,231		$	389,943		$	2,083,174
	December 31, 2012
	North America			International			Total
Sales-type lease receivables
Gross finance receivables	$	1,581,711		$	461,510		$	2,043,221
Unguaranteed residual values	148,664			21,025			169,689
Unearned income	(316,030		)	(104,258		)	(420,288		)
Allowance for credit losses	(16,979		)	(8,662		)	(25,641		)
Net investment in sales-type lease receivables	1,397,366			369,615			1,766,981
Loan receivables
Loan receivables	414,960			47,293			462,253
Allowance for credit losses	(12,322		)	(2,131		)	(14,453		)
Net investment in loan receivables	402,638			45,162			447,800
Net investment in finance receivables	$	1,800,004		$	414,777		$	2,214,781

Allowance for Credit Losses and Aging of Receivables

We estimate our finance receivable risks and provide an allowance for credit losses accordingly. We evaluate the adequacy of the allowance for credit losses based on historical loss experience, the nature and volume of our portfolios, adverse situations that may affect a client's ability to pay, prevailing economic conditions and our ability to manage the collateral and make adjustments to the allowance as necessary. This evaluation is inherently subjective and actual results may differ significantly from estimated reserves.

We establish credit approval limits based on the credit quality of the client and the type of equipment financed. Our policy is to discontinue revenue recognition for lease receivables that are more than 120 days past due and for unsecured loan receivables that are more than 90 days past due. We resume revenue recognition when payments reduce the account balance aging to 60 days or less past due. Finance receivables deemed uncollectible are written off against the allowance after all collection efforts have been exhausted and management

10

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

deems the account to be uncollectible. We believe that our finance receivable credit risk is limited because of our large number of clients, small account balances for most of our clients, and geographic and industry diversification.

Activity in the allowance for credit losses for finance receivables for the six months ended June 30, 2013 and 2012 was as follows:

	Sales-type Lease Receivables						Loan Receivables
	North America			International			North America			International			Total
Balance at January 1, 2013	$	16,979		$	8,662		$	12,322		$	2,131		$	40,094
Amounts charged to expense	3,022			784			4,625			524			8,955
Accounts written off	(4,397		)	(2,268		)	(5,388		)	(895		)	(12,948		)
Balance at June 30, 2013	$	15,604		$	7,178		$	11,559		$	1,760		$	36,101
	Sales-type Lease Receivables						Loan Receivables
	North America			International			North America			International			Total
Balance at January 1, 2012	$	28,661		$	12,039		$	20,272		$	2,458		$	63,430
Amounts charged to expense	288			53			2,284			422			3,047
Accounts written off	(5,068		)	(3,051		)	(6,026		)	(591		)	(14,736		)
Balance at June 30, 2012	$	23,881		$	9,041		$	16,530		$	2,289		$	51,741

Aging of Receivables

The aging of gross finance receivables at June 30, 2013 and December 31, 2012 was as follows:

	June 30, 2013
	Sales-type Lease Receivables				Loan Receivables
	North America		International		North America		International		Total
< 31 days	$	1,421,203	$	398,398	$	377,122	$	46,341	$	2,243,064
> 30 days and < 61 days	31,153		8,074		10,826		1,390		51,443
> 60 days and < 91 days	20,903		5,304		3,071		295		29,573
> 90 days and < 121 days	6,159		4,310		1,760		197		12,426
> 120 days	15,400		11,300		2,513		146		29,359
Total	$	1,494,818	$	427,386	$	395,292	$	48,369	$	2,365,865
Past due amounts > 90 days
Still accruing interest	$	6,159	$	4,310	$	—	$	—	$	10,469
Not accruing interest	15,400		11,300		4,273		343		31,316
Total	$	21,559	$	15,610	$	4,273	$	343	$	41,785

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PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

	December 31, 2012
	Sales-type Lease Receivables				Loan Receivables
	North America		International		North America		International		Total
< 31 days	$	1,497,797	$	435,780	$	392,108	$	45,324	$	2,371,009
> 30 days and < 61 days	37,348		9,994		12,666		1,368		61,376
> 60 days and < 91 days	24,059		5,198		4,577		285		34,119
> 90 days and < 121 days	6,665		3,327		2,319		179		12,490
> 120 days	15,842		7,211		3,290		137		26,480
Total	$	1,581,711	$	461,510	$	414,960	$	47,293	$	2,505,474
Past due amounts > 90 days
Still accruing interest	$	6,665	$	3,327	$	—	$	—	$	9,992
Not accruing interest	15,842		7,211		5,609		316		28,978
Total	$	22,507	$	10,538	$	5,609	$	316	$	38,970

Credit Quality

The extension of credit and management of credit lines to new and existing clients uses a combination of an automated credit score, where available, and a detailed manual review of the client’s financial condition and, when applicable, payment history. Once credit is granted, the payment performance of the client is managed through automated collections processes and is supplemented with direct follow up should an account become delinquent. We have robust automated collections and extensive portfolio management processes. The portfolio management processes ensure that our global strategy is executed, collection resources are allocated appropriately and enhanced tools and processes are implemented as needed.

We use a third party to score the majority of the North America portfolio on a quarterly basis using a commercial credit score. We do not use a third party to score our International portfolios because the cost to do so is prohibitive, it is a localized process and there is no single credit score model that covers all countries.

The table below shows the North America portfolio at June 30, 2013 and December 31, 2012 by relative risk class (low, medium, high) based on the relative scores of the accounts within each class. The relative scores are determined based on a number of factors, including the company type, ownership structure, payment history and financial information. A fourth class is shown for accounts that are not scored. Absence of a score is not indicative of the credit quality of the account. The degree of risk, as defined by the third party, refers to the relative risk that an account in the next 12 month period may become delinquent.

• Low risk accounts are companies with very good credit scores and are considered to approximate the top 30% of all commercial borrowers.

• Medium risk accounts are companies with average to good credit scores and are considered to approximate the middle 40% of all commercial borrowers.

• High risk accounts are companies with poor credit scores, are delinquent or are at risk of becoming delinquent and are considered to approximate the bottom 30% of all commercial borrowers.

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PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

	June 30, 2013		December 31, 2012
Sales-type lease receivables
Low	$	1,145,454	$	1,016,413
Medium	235,243		450,432
High	59,112		43,658
Not Scored	55,009		71,208
Total	$	1,494,818	$	1,581,711
Loan receivables
Low	$	287,172	$	254,567
Medium	90,956		136,069
High	12,426		14,624
Not Scored	4,738		9,700
Total	$	395,292	$	414,960

Troubled Debt

We maintain a program for U.S. clients in our North America loan portfolio who are experiencing financial difficulties, but are able to make reduced payments over an extended period of time. Upon acceptance into the program, the client’s credit line is closed and interest accrual is suspended. There is generally no forgiveness of debt or reduction of balances owed. The balance of loans in this program, related loan loss allowance and write-offs are insignificant to the overall portfolio.

Leveraged Leases

Our investment in leveraged lease assets at June 30, 2013 and December 31, 2012 consisted of the following:

	June 30, 2013			December 31, 2012
Rental receivables	$	70,585		$	83,254
Unguaranteed residual values	13,371			14,177
Principal and interest on non-recourse loans	(44,033		)	(55,092		)
Unearned income	(6,317		)	(7,793		)
Investment in leveraged leases	33,606			34,546
Less: deferred taxes related to leveraged leases	(16,754		)	(19,372		)
Net investment in leveraged leases	$	16,852		$	15,174

13

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

4. Discontinued Operations and Assets Held for Sale

During the quarter, we entered into two separate agreements to sell PBMSi. The assets and liabilities of PBMSi met held-for-sale classification and all historical amounts are presented as discontinued operations for all periods presented in the Condensed Consolidated Statements of Income. We closed on one of the agreements on July 5, 2013 and expect to close on the second agreement by the end of the third quarter. Total proceeds from these sales will not be material.

In connection with the disposal of PBMSi, amounts in the table below for the three and six months ended June 30, 2013 include an impairment charge of $15 million to write-off the total carrying value of long-lived assets, a goodwill impairment charge of $2 million to write-off the total carrying value of goodwill and an estimated loss on disposal of $15 million. The inputs used to determine the fair value of the long-lived assets and goodwill were classified as Level 3 in the fair value hierarchy.

During the fourth quarter of 2012, we made a strategic decision to exit our IMS operations related to the international delivery of mail and catalogs. All historical amounts related to IMS are presented as discontinued operations in the Condensed Consolidated Statements of Income. As of June 30, 2013, we have sold all of our IMS operations. Total proceeds from these sales were not material.

Discontinued operations also include our Capital Services business that was sold in 2006. For the six months ended June 30, 2012, we recognized $19 million of tax benefits arising from the resolution of tax examinations.

The following table shows selected financial information included in discontinued operations:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Revenue	$	47,727		$	79,460		$	116,481		$	165,470
Pretax loss	$	(35,948	)	$	(4,653	)	$	(39,367	)	$	(5,667	)
Net loss	$	(17,731	)	$	(3,812	)	$	(20,414	)	$	(4,486	)
Loss on sale of IMS, net of tax	(2,336		)	—			(3,342		)	—
Capital Services	—			—			—			19,332
(Loss) income from discontinued operations, net of tax	$	(20,067	)	$	(3,812	)	$	(23,756	)	$	14,846

The assets and liabilities held for sale at June 30, 2013 consist of the following:

Accounts receivables	$	58,382
Inventories	2,988
Other current assets and prepayments	8,606
Total current assets	69,976
Property, plant and equipment, net	598
Other assets	478
Assets held for sale	$	71,052
Accounts payable and accrued liabilities	$	52,573
Advance billings	955
Total current liabilities	53,528
Other non current liabilities	13,948
Liabilities related to assets held for sale	$	67,476

14

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

5. Fair Value Measurements and Derivative Instruments

We measure certain financial assets and liabilities at fair value on a recurring basis. Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. An entity is required to classify certain assets and liabilities measured at fair value based on the following fair value hierarchy that prioritizes the inputs used to measure fair value:

Level 1 – Unadjusted quoted prices in active markets for identical assets and liabilities.

Level 2 – Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Unobservable inputs that are supported by little or no market activity, may be derived from internally developed methodologies based on management’s best estimate of fair value and that are significant to the fair value of the asset or liability.

The following tables show, by level within the fair value hierarchy, our financial assets and liabilities that are accounted for at fair value on a recurring basis at June 30, 2013 and December 31, 2012. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement requires judgment and may affect their placement within the fair value hierarchy.

	June 30, 2013
	Level 1		Level 2			Level 3		Total
Assets:
Investment securities
Money market funds / commercial paper	$	209,007	$	34,398		$	—	$	243,405
Equity securities	—		25,682			—		25,682
Commingled fixed income securities	—		27,487			—		27,487
Debt securities - U.S. and foreign governments, agencies and municipalities	112,060		22,758			—		134,818
Debt securities - corporate	—		40,849			—		40,849
Mortgage-backed / asset-backed securities	—		179,097			—		179,097
Derivatives
Interest rate swaps	—		3,230			—		3,230
Foreign exchange contracts	—		6,547			—		6,547
Total assets	$	321,067	$	340,048		$	—	$	661,115
Liabilities:
Derivatives
Foreign exchange contracts	$	—	$	(3,306	)	$	—	$	(3,306	)
Total liabilities	$	—	$	(3,306	)	$	—	$	(3,306	)

15

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

	December 31, 2012
	Level 1		Level 2			Level 3		Total
Assets:
Investment securities
Money market funds / commercial paper	$	581,648	$	34,369		$	—	$	616,017
Equity securities	—		25,106			—		25,106
Commingled fixed income securities	—		29,359			—		29,359
Debt securities - U.S. and foreign governments, agencies and municipalities	124,221		18,908			—		143,129
Debt securities - corporate	—		43,926			—		43,926
Mortgage-backed / asset-backed securities	—		162,375			—		162,375
Derivatives
Interest rate swaps	—		10,117			—		10,117
Foreign exchange contracts	—		2,582			—		2,582
Total assets	$	705,869	$	326,742		$	—	$	1,032,611
Liabilities:
Derivatives
Foreign exchange contracts	$	—	$	(1,174	)	$	—	$	(1,174	)
Total liabilities	$	—	$	(1,174	)	$	—	$	(1,174	)

Investment Securities

The valuation of investment securities is based on the market approach using inputs that are observable, or can be corroborated by observable data, in an active marketplace. The following information relates to our classification into the fair value hierarchy:

• Money Market Funds / Commercial Paper: Money market funds typically invest in government securities, certificates of deposit, commercial paper and other highly liquid, low-risk securities. Money market funds are principally used for overnight deposits and are classified as Level 1 when unadjusted quoted prices in active markets are available and as Level 2 when they are not actively traded on an exchange. Direct investments in commercial paper are not listed on an exchange in an active market and are classified as Level 2.

• Equity Securities: Equity securities are comprised of mutual funds investing in U.S. and foreign common stock. These mutual funds are classified as Level 2 as they are not separately listed on an exchange.

• Commingled Fixed Income Securities: Mutual funds that invest in a variety of fixed income securities including securities of the U.S. government and its agencies, corporate debt, mortgage-backed securities and asset-backed securities. The value of the funds is based on the market value of the underlying investments owned by each fund, minus its liabilities, divided by the number of shares outstanding, as reported by the fund manager. These commingled funds are not listed on an exchange in an active market and are classified as Level 2.

• Debt Securities – U.S. and Foreign Governments, Agencies and Municipalities: Debt securities are classified as Level 1 where active, high volume trades for identical securities exist. Valuation adjustments are not applied to these securities. Debt securities valued using quoted market prices for similar securities or benchmarking model derived prices to quoted market prices and trade data for identical or comparable securities are classified as Level 2.

• Debt Securities – Corporate: Corporate debt securities are valued using recently executed transactions, market price quotations where observable, or bond spreads. The spread data used are for the same maturity as the security. These securities are classified as Level 2.

• Mortgage-Backed Securities (MBS) / Asset-Backed Securities (ABS): These securities are valued based on external pricing indices. When external index pricing is not observable, MBS and ABS are valued based on external price/spread data. These securities are classified as Level 2.

Investment securities include investments held by The Pitney Bowes Bank (the Bank), an indirect wholly owned subsidiary whose primary business is to provide financing solutions to clients that rent or lease postage meters. The Bank's key product offering, Purchase Power, is a revolving credit solution, which enables clients to finance their postage costs when they refill their meter. The Bank also provides a

16

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

deposit solution to those clients that prefer to prepay postage and earn interest on their deposits. When a client refills their postage meter, the funds are withdrawn from the savings account to pay for the postage. The Bank's assets and liabilities consist primarily of cash, finance receivables, short and long-term investments and deposit accounts.

The Bank's investment securities are classified as available-for-sale and recorded at fair value on the Condensed Consolidated Balance Sheets as cash and cash equivalents, short-term investments and other assets depending on the type of investment and maturity. Unrealized holding gains and losses are recorded, net of tax, in accumulated other comprehensive income.

Available-for-sale securities at June 30, 2013 and December 31, 2012 consisted of the following:

	June 30, 2013
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Estimated fair value
Money market funds / commercial paper	$	26,616	$	—	$	(6	)	$	26,610
Debt securities - U.S. and foreign governments, agencies and municipalities	116,570		2,045		(3,773		)	114,842
Debt securities - corporate	39,793		1,505		(449		)	40,849
Mortgage-backed / asset-backed securities	179,016		2,163		(2,082		)	179,097
Total	$	361,995	$	5,713	$	(6,310	)	$	361,398

	December 31, 2012
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Estimated fair value
Money market funds / commercial paper	$	44,611	$	53	$	—		$	44,664
Debt securities - U.S. and foreign governments, agencies and municipalities	127,807		3,972		(56		)	131,723
Debt securities - corporate	41,095		2,851		(20		)	43,926
Mortgage-backed / asset-backed securities	162,180		3,340		(3,145		)	162,375
Total	$	375,693	$	10,216	$	(3,221	)	$	382,688

Scheduled maturities of investment securities at June 30, 2013 were as follows:

	Amortized cost		Estimated fair value
Within 1 year	$	54,032	$	54,085
After 1 year through 5 years	38,948		40,028
After 5 years through 10 years	83,026		81,492
After 10 years	185,989		185,793
Total	$	361,995	$	361,398

We have not experienced any significant write-offs in our investment portfolio. The majority of our MBS are either guaranteed or supported by the U.S. government. We have no investments in inactive markets that would warrant a possible change in our pricing methods or classification within the fair value hierarchy. Further, we have no investments in auction rate securities.

Derivative Instruments

In the normal course of business, we are exposed to the impact of interest rate changes and foreign currency fluctuations. We limit these risks by following established risk management policies and procedures, including the use of derivatives. We use derivatives to manage the related cost of debt and to limit the effects of foreign exchange rate fluctuations on financial results. We do not use derivatives for trading or speculative purposes. We record our derivative instruments at fair value, and the accounting for changes in the fair value of the derivatives depends on the intended use of the derivative, the resulting designation, and the effectiveness of the instrument in offsetting the risk exposure it is designed to hedge.

17

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

As required by the fair value measurements guidance, we have incorporated counterparty credit risk and our credit risk into the fair value measurement of our derivative assets and liabilities, respectively. We derive credit risk from observable data related to credit default swaps. We have not seen a material change in the creditworthiness of those banks acting as derivative counterparties.

The valuation of our interest rate swaps is based on the income approach using a model with inputs that are observable or that can be derived from or corroborated by observable market data. The valuation of our foreign exchange derivatives is based on the market approach using observable market inputs, such as forward rates.

The fair value of our derivative instruments at June 30, 2013 and December 31, 2012 was as follows:

Designation of Derivatives	Balance Sheet Location	June 30, 2013			December 31, 2012
Derivatives designated as hedging instruments	Other current assets and prepayments:
	Foreign exchange contracts	$	455		$	78
	Other assets:
	Interest rate swaps	3,230			10,117
	Accounts payable and accrued liabilities:
	Foreign exchange contracts	(238		)	(320		)
Derivatives not designated as hedging instruments	Other current assets and prepayments:
	Foreign exchange contracts	6,092			2,504
	Accounts payable and accrued liabilities:
	Foreign exchange contracts	(3,068		)	(854		)
	Total derivative assets	$	9,777		$	12,699
	Total derivative liabilities	(3,306		)	(1,174		)
	Total net derivative assets	$	6,471		$	11,525

Interest Rate Swaps

Derivatives designated as fair value hedges include interest rate swaps related to fixed rate debt. Changes in the fair value of both the derivative and item being hedged are recognized in earnings. The following represents the results of fair value hedging relationships for the three and six months ended June 30,2013 and 2012:

		Three Months Ended June 30,
		Derivative Gain Recognized in Earnings				Hedged Item Expense Recognized in Earnings
Derivative Instrument	Location of Gain (Loss)	2013		2012		2013			2012
Interest rate swaps	Interest expense	$	774	$	3,446	$	(2,742	)	$	(10,059	)
		Six Months Ended June 30,
		Derivative Gain Recognized in Earnings				Hedged Item Expense Recognized in Earnings
Derivative Instrument	Location of Gain (Loss)	2013		2012		2013			2012
Interest rate swaps	Interest expense	$	2,768	$	6,773	$	(8,227	)	$	(20,168	)

Foreign Exchange Contracts

We enter into foreign currency exchange contracts to mitigate the currency risk associated with the anticipated purchase of inventory between affiliates and from third parties. These contracts are designated as cash flow hedges. The effective portion of the gain or loss on cash flow hedges is included in AOCI in the period that the change in fair value occurs and is reclassified to earnings in the period that the hedged item is recorded in earnings. At June 30, 2013 and December 31, 2012, we had outstanding contracts associated with these

18

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

anticipated transactions with a notional amount of $30 million and $25 million, respectively. The value of these contracts at June 30, 2013 and December 31, 2012 was less than $1 million.

The amounts included in AOCI at June 30, 2013 will be recognized in earnings within the next 12 months. No amount of ineffectiveness was recorded in earnings for these designated cash flow hedges.

The following represents the results of cash flow hedging relationships for the three and six months ended June 30,2013 and 2012:

	Three Months Ended June 30,
	Derivative Gain (Loss) Recognized in AOCI (Effective Portion)					Location of Gain (Loss) (Effective Portion)	Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)
Derivative Instrument	2013		2012				2013			2012
Foreign exchange contracts	$	170	$	(150	)	Revenue	$	(371	)	$	473
						Cost of sales	286			(7		)
							$	(85	)	$	466
	Six Months Ended June 30,
	Derivative Gain (Loss) Recognized in AOCI (Effective Portion)					Location of Gain (Loss) (Effective Portion)	Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)
Derivative Instrument	2013		2012				2013			2012
Foreign exchange contracts	$	800	$	(809	)	Revenue	$	(753	)	$	774
						Cost of sales	412			(73		)
							$	(341	)	$	701

We also enter into foreign exchange contracts to minimize the impact of exchange rate fluctuations on short-term intercompany loans and related interest that are denominated in a foreign currency. The revaluation of the intercompany loans and interest and the mark-to-market adjustment on the derivatives are both recorded in earnings. Outstanding foreign exchange contracts to buy or sell various currencies had a net asset value of $3 million at June 30, 2013 and $2 million at December 31, 2012. All outstanding contracts at June 30, 2013 mature by the end of the year.

The following represents the results of our non-designated derivative instruments for the three and six months ended June 30,2013 and 2012:

		Three Months Ended June 30,
		Derivative Gain (Loss) Recognized in Earnings
Derivatives Instrument	Location of Derivative Gain (Loss)	2013			2012
Foreign exchange contracts	Selling, general and administrative expense	$	(1,644	)	$	1,157
		Six Months Ended June 30,
		Derivative Gain (Loss) Recognized in Earnings
Derivatives Instrument	Location of Derivative Gain (Loss)	2013			2012
Foreign exchange contracts	Selling, general and administrative expense	$	(5,995	)	$	(3,067	)

Credit-Risk-Related Contingent Features

Certain derivative instruments contain credit-risk-related contingent features that would require us to post collateral based on a combination of our long-term senior unsecured debt ratings and the net fair value of our derivatives. At June 30, 2013, we were not required to post any collateral. The maximum amount of collateral that we would have been required to post at June 30, 2013, had the credit-risk-related contingent features been triggered, was less than $1 million.

Fair Value of Financial Instruments

Our financial instruments include cash and cash equivalents, investment securities, accounts receivable, loan receivables, derivative instruments, accounts payable and debt. The carrying value for cash and cash equivalents, accounts receivable, loans receivable, and accounts payable approximate fair value because of the short maturity of these instruments.

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PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

The fair value of our debt is estimated based on recently executed transactions and market price quotations.  We classify our debt as Level 2 in the fair value hierarchy. The carrying value and estimated fair value of our debt at June 30, 2013 and December 31, 2012 was as follows:

	June 30, 2013		December 31, 2012
Carrying value	$	3,654,032	$	4,017,375
Fair value	$	3,826,593	$	4,200,970

6. Restructuring Charges and Asset Impairments

In order to enhance our responsiveness to changing market conditions, further streamline our business operations, reduce our cost structure and create long-term flexibility to invest in growth, we have identified certain actions that we believe will provide both process and operational improvements. We anticipate that these actions will result in restructuring charges in the range of $75 to $125 million and will be recognized as specific initiatives are approved and implemented.

During the quarter, we began implementing certain actions, consisting primarily of workforce reductions, and recorded restructuring charges of $23 million in connection with the above actions. Restructuring charges for the period also include the reversal of $3 million for changes in reserves under prior restructuring programs.

Activity in our restructuring reserves for the six months ended June 30, 2013 was as follows:

	Severance and benefits costs			Pension and Retiree Medical			Other exit costs			Total
Balance at January 1, 2013	$	62,540		$	—		$	5,218		$	67,758
Expenses, net	17,672			1,964			319			19,955
Cash payments	(25,155		)	—			(2,100		)	(27,255		)
Non-cash charges	—			(1,964		)	—			(1,964		)
Balance at June 30, 2013	$	55,057		$	—		$	3,437		$	58,494

The majority of the remaining restructuring payments are expected to be paid through 2014; however, due to certain international labor laws and long-term lease agreements, some payments will extend beyond 2014. We expect that cash flows from operations will be sufficient to fund these payments.

7. Inventories

Inventories consisted of the following:

	June 30, 2013			December 31, 2012
Raw materials and work in process	$	53,187		$	66,221
Supplies and service parts	65,478			72,551
Finished products	50,583			68,335
Inventory at FIFO cost	169,248			207,107
Excess of FIFO cost over LIFO cost	(28,187		)	(27,429		)
Total inventory, net	$	141,061		$	179,678

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PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

8. Intangible Assets and Goodwill

Intangible assets

Intangible assets consisted of the following:

	June 30, 2013							December 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	403,542	$	(281,707	)	$	121,835	$	407,901	$	(269,100	)	$	138,801
Supplier relationships	29,000		(23,563		)	5,437		29,000		(22,113		)	6,887
Software & technology	167,598		(153,294		)	14,304		169,632		(151,628		)	18,004
Trademarks & trade names	34,582		(32,748		)	1,834		35,078		(32,615		)	2,463
Non-compete agreements	7,288		(7,247		)	41		7,471		(7,412		)	59
Total intangible assets	$	642,010	$	(498,559	)	$	143,451	$	649,082	$	(482,868	)	$	166,214

Amortization expense for intangible assets was $9 million and $11 million for the three months ended June 30, 2013 and 2012, respectively, and $19 million and $23 million for the six months ended June 30, 2013 and 2012, respectively. The future amortization expense for intangible assets as of June 30, 2013 was as follows:

Remaining for year ended December 31, 2013	$	19,035
Year ended December 31, 2014	36,142
Year ended December 31, 2015	32,376
Year ended December 31, 2016	24,061
Year ended December 31, 2017	11,359
Thereafter	20,478
Total	$	143,451

Actual amortization expense may differ from the amounts above due to, among other things, fluctuations in foreign currency exchange rates, impairments, future acquisitions and accelerated amortization.

Goodwill

As a result of lower than expected first half operating performance due to the loss of certain customer contracts, pricing pressure on contract renewals and a longer than originally anticipated sales cycle for some of our new growth areas in our North America Management Services operations (PBMS NA), future cash flows were estimated to be lower than originally projected. Given these factors, management determined that it was more likely than not that the fair value of the PBMS NA reporting unit was below its respective book value and, accordingly, it was necessary to perform an interim goodwill impairment test as of June 30, 2013.

The fair value of PBMS NA was determined based on a combination of techniques, including external valuation data, the present value of future cash flows and applicable multiples of competitors. Based on our review, the implied fair value of the goodwill was determined to be $300 million compared to its carrying value of $398 million, resulting in a charge of $98 million. The inputs used to determine the fair value of PBMS NA were classified as Level 3 in the fair value hierarchy.

21

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

The changes in the carrying amount of goodwill, by reporting segment, for the six months ended June 30, 2013 were as follows:

	Gross value before accumulated impairment		Accumulated impairment			December 31, 2012		Impairment (2)			Other (1)			June 30, 2013
North America Mailing	$	355,874	$	—		$	355,874	$	—		$	(2,980	)	$	352,894
International Mailing	183,908		—			183,908		—			(6,271		)	177,637
Small & Medium Business Solutions	539,782		—			539,782		—			(9,251		)	530,531
Production Mail	131,866		—			131,866		—			(3,247		)	128,619
Software	671,218		—			671,218		—			(9,168		)	662,050
Management Services	488,399		(84,500		)	403,899		(100,253		)	(1,467		)	302,179
Mail Services	259,105		(63,965		)	195,140		—			—			195,140
Marketing Services	194,233		—			194,233		—			—			194,233
Enterprise Business Solutions	1,744,821		(148,465		)	1,596,356		(100,253		)	(13,882		)	1,482,221
Total	$	2,284,603	$	(148,465	)	$	2,136,138	$	(100,253	)	$	(23,133	)	$	2,012,752

(1) Primarily foreign currency translation adjustments.

(2) Amount includes $2 million impairment charge for PBMSi included in discontinued operations (see Note 4).

22

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

9. Debt

Debt consisted of the following:

		June 30, 2013		December 31, 2012
Term loans		$	230,000	$	230,000
3.875%	notes due 2013	—		375,000
4.875%	notes due 2014 (1), (2)	299,570		450,000
5.0%	notes due 2015 (1)	274,879		400,000
4.75%	notes due 2016 (1)	370,914		500,000
5.75%	notes due 2017	500,000		500,000
5.60%	notes due 2018	250,000		250,000
4.75%	notes due 2018	350,000		350,000
6.25%	notes due 2019	300,000		300,000
5.25%	notes due 2022	110,000		110,000
5.25%	notes due 2037	500,000		500,000
6.70%	notes due 2043 (3)	425,000		—
Other (4)		43,669		52,375
Total debt		3,654,032		4,017,375
Current portion		—		375,000
Long-term debt		$	3,654,032	$	3,642,375

(1) During the first quarter, we completed a cash tender offer (the Tender Offer) for a portion of our 4.875% Notes due 2014, our 5.0% Notes due 2015, and our 4.75% Notes due 2016 (the Subject Notes). Holders who validly tendered their notes received the principal amount of the notes tendered, all accrued and unpaid interest and a premium amount. An aggregate $405 million of the Subject Notes were tendered. A net loss of $25 million, consisting of the payment of the call premium and transaction fees and the write-off of unamortized costs, partially offset by a gain from the unwinding of interest rate swap agreements, was recognized as Other expense, net on the Condensed Consolidated Statements of Income.

(2) Prior to the Tender Offer, we had interest rate swap agreements with an aggregate notional value of $450 million that effectively converted the fixed rate interest payments on these notes into variable interest rates. As a result of the Tender Offer, we unwound $225 million of these swap agreements.

(3) During the first quarter, we issued $425 million of 6.7% fixed rate 30-year notes. Interest is payable quarterly. The notes mature in 2043, but may be redeemed, at our option, in whole or in part, at any time on or after March 7, 2018 at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest. The net proceeds from the notes were used to fund the Tender Offer.

(4) Other consists of the unamortized net proceeds received from unwinding of interest rate swaps, the mark-to-market adjustment of interest rate swaps and debt discounts and premiums.

In June 2013, the $375 million3.875% notes matured and were redeemed with cash.

At June 30, 2013, there were no outstanding commercial paper borrowings. During the quarter, commercial paper borrowings averaged $75 million at a weighted-average interest rate of 0.46% and the maximum amount outstanding at any time was $100 million.

23

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

10. Noncontrolling Interests (Preferred Stockholders’ Equity in Subsidiaries)

Pitney Bowes International Holdings, Inc. (PBIH), a subsidiary, has 300,000 shares, or $300 million, of outstanding perpetual voting preferred stock (the Preferred Stock) held by certain institutional investors. The holders of the Preferred Stock are entitled as a group to 25% of the combined voting power of all classes of capital stock of PBIH. All outstanding common stock of PBIH, representing the remaining 75% of the combined voting power of all classes of capital stock, is owned directly or indirectly by the company. The Preferred Stock is entitled to cumulative dividends at a rate of 6.125% through 2016 after which it becomes callable and, if it remains outstanding, will yield a dividend that increases by 50% every six months thereafter. No dividends were in arrears at June 30, 2013 or December 31, 2012. There was no change in the carrying value of noncontrolling interests during the period ended June 30, 2013 or the year ended December 31, 2012.

11. Stockholders’ Equity

Changes in stockholders’ equity for the six months ended June 30, 2013 and 2012 were as follows:

	Preferred stock		Preference stock			Common stock		Additional paid-in capital			Retained earnings			Accumulated other comprehensive loss			Treasury stock			Total equity
Balance at January 1, 2013	$	4	$	648		$	323,338	$	223,847		$	4,744,802		$	(681,213	)	$	(4,500,795	)	$	110,631
Net income	—		—			—		—			58,273			—			—			58,273
Other comprehensive income	—		—			—		—			—			(42,310		)	—			(42,310		)
Cash dividends
Common ($0.5625 per share)	—		—			—		—			(113,083		)	—			—			(113,083		)
Preference	—		—			—		—			(23		)	—			—			(23		)
Issuances of common stock	—		—			—		(31,532		)	—			—			33,144			1,612
Conversions to common stock	—		(35		)	—		(618		)	—			—			653			—
Stock-based compensation expense	—		—			—		7,241			—			—			—			7,241
Balance at June 30, 2013	$	4	$	613		$	323,338	$	198,938		$	4,689,969		$	(723,523	)	$	(4,466,998	)	$	22,341

	Preferred stock		Preference stock			Common stock		Additional paid-in capital			Retained earnings			Accumulated other comprehensive loss			Treasury stock			Total equity
Balance at January 1, 2012	$	4	$	659		$	323,338	$	240,584		$	4,600,217		$	(661,645	)	$	(4,542,143	)	$	(38,986	)
Net income	—		—			—		—			258,293			—			—			258,293
Other comprehensive income	—		—			—		—			—			3,987			—			3,987
Cash dividends
Common ($0.75 per share)	—		—			—		—			(149,999		)	—			—			(149,999		)
Preference	—		—			—		—			(26		)	—			—			(26		)
Issuances of common stock	—		—			—		(22,176		)	—			—			21,321			(855		)
Conversions to common stock	—		(6		)	—		(124		)	—			—			130			—
Stock-based compensation expense	—		—			—		8,852			—			—			—			8,852
Balance at June 30, 2012	$	4	$	653		$	323,338	$	227,136		$	4,708,485		$	(657,658	)	$	(4,520,692	)	$	81,266

24

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

12. Accumulated Other Comprehensive Loss

Reclassifications out of accumulated other comprehensive income for the three and six months ended June 30,2013 and 2012 was as follows:

	Amount Reclassified from AOCI (a)
	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Gains (losses) on cash flow hedges
Revenue	$	(371	)	$	473		$	(753	)	$	774
Cost of sales	286			(7		)	412			(73		)
Interest expense	(507		)	(507		)	(1,014		)	(1,014		)
Total before tax	(592		)	(41		)	(1,355		)	(313		)
Tax benefit	231			17			528			122
Net of tax	$	(361	)	$	(24	)	$	(827	)	$	(191	)
Unrealized gains (losses) on available for sale securities
Interest income	$	10		$	(117	)	$	(2,602	)	$	(476	)
Tax benefit	(3		)	43			963			176
Net of tax	$	7		$	(74	)	$	(1,639	)	$	(300	)
Defined Benefit Pension Plans and Nonpension Postretirement Benefit Plans (b)
Transition credit	$	2		$	2		$	4		$	4
Prior service (costs) credit	(163		)	299			(361		)	589
Actuarial losses	(14,156		)	(18,347		)	(31,902		)	(37,524		)
Total before tax	(14,317		)	(18,046		)	(32,259		)	(36,931		)
Tax benefit	4,926			7,070			11,266			13,967
Net of tax	$	(9,391	)	$	(10,976	)	$	(20,993	)	$	(22,964	)

(a)     Amounts in parentheses indicate debits (reductions) to income.

(b) These items are included in the computation of net periodic costs of defined benefit pension plans and nonpension postretirement benefit plans (see Note 15 for additional details).

Changes in accumulated other comprehensive income (AOCI) for the six months ended June 30, 2013 and 2012 were as follows:

	Gains (losses) on cash flow hedges			Unrealized gains (losses) on available for sale securities			Defined benefit pension plans and nonpension postretirement benefit plans			Foreign currency items			Total
Balance at January 1, 2013	$	(7,777	)	$	4,513		$	(759,199	)	$	81,250		$	(681,213	)
Other comprehensive income (loss) before reclassifications (a)	73			(6,084		)	—			(62,317		)	(68,328		)
Amounts reclassified from accumulated other comprehensive income (a), (b), (c)	827			1,639			20,993			2,559			26,018
Net current period other comprehensive income	900			(4,445		)	20,993			(59,758		)	(42,310		)
Balance at June 30, 2013	$	(6,877	)	$	68		$	(738,206	)	$	21,492		$	(723,523	)

25

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

	Gains (losses) on cash flow hedges			Unrealized gains (losses) on available for sale securities		Defined benefit pension plans and nonpension postretirement benefit plans			Foreign currency items			Total
Balance at January 1, 2012	$	(8,438	)	$	4,387	$	(741,546	)	$	83,952		$	(661,645	)
Other comprehensive income (loss) before reclassifications (a)	362			78		—			(19,908		)	(19,468		)
Amounts reclassified from accumulated other comprehensive income (a), (b)	191			300		22,964			—			23,455
Net current period other comprehensive income	553			378		22,964			(19,908		)	3,987
Balance at June 30, 2012	$	(7,885	)	$	4,765	$	(718,582	)	$	64,044		$	(657,658	)

(a)     Amounts are net of tax. Amounts in parentheses indicate debits to AOCI.

(b)     See table above for additional details of these reclassifications.

(c) Foreign currency item amount represents the recognition of deferred translation upon the sale of the U.K. IMS business. Amount was reclassified from accumulated other comprehensive loss and recorded as discontinued operations in the Condensed Consolidated Statements of Income.

13. Income Taxes

The effective tax rate for the three months ended June 30, 2013 and 2012 was 49.6% and 33.0%, respectively. The effective tax rate for the six months ended June 30, 2013 and 2012 was 32.0% and 21.3%, respectively. The effective tax rate for the three and six months ended June 30, 2013 includes tax benefits of $7 million related to one-time tax planning initiatives and $4 million from the adjustment of non-U.S. tax accounts from prior periods offset by the reduced tax benefits associated with the goodwill impairment charge. The effective tax rate for the 2013 year-to-date period also includes a benefit of $4 million from the retroactive effect of 2013 U.S. tax legislation. The effective tax rate for the six months ended June 30,2012 includes tax benefits of $17 million from the sale of non-U.S. leveraged lease assets and $22 million from the resolution of tax examinations.

As is the case with other large corporations, our tax returns are examined each year by tax authorities in the U.S., other countries and local jurisdictions in which we have operations. We expect the examination of our 2009 through 2011 tax returns by the Internal Revenue Service (IRS) to be completed within the next 12 months. We regularly assess the likelihood of tax adjustments in each of the tax jurisdictions in which we do business and account for the related financial statement implications. We believe we have established tax reserves that are appropriate given the possibility of tax adjustments. However, determining the appropriate level of tax reserves requires judgment regarding the uncertain application of tax law and the possibility of tax adjustments. Future changes in tax reserve requirements could have a material impact, positive or negative, on our results of operations, financial position and cash flows. It is reasonably possible that the amount of our unrecognized tax benefits will decrease in the next 12 months, and we expect this change could be up to twenty percent of our unrecognized tax benefits.

On August 27, 2012, the United States Court of Appeals for the Third Circuit overturned a prior Tax Court decision and ruled in favor of the IRS and adverse to the Historic Boardwalk Hall LLC, a partnership in which we had made an investment in the year 2000. During the quarter, the U.S. Supreme Court decided not to hear the partnership's appeal of the Third Circuit decision, and the case has since been sent back to the Tax Court for additional proceedings. Based on our entitlement to indemnification under the partnership agreement, we do not expect this matter to have a material effect on our results of operations. However, the potential for a difference in the timing of payments which may be due to taxing authorities and the timing of receipts due to us under the partnership agreement may cause fluctuations in our cash flows in future periods.

14. Commitments and Contingencies

In the ordinary course of business, we are routinely defendants in, or party to a number of pending and threatened legal actions. These may involve litigation by or against us relating to, among other things, contractual rights under vendor, insurance or other contracts; intellectual property or patent rights; equipment, service, payment or other disputes with customers; or disputes with employees. Some of these actions may be brought as a purported class action on behalf of a purported class of employees, customers or others.

In October 2009, the company and certain of its current and former officers were named as defendants in NECA-IBEW Health & Welfare Fund v. Pitney Bowes Inc. et al., a class action lawsuit filed in the U.S. District Court for the District of Connecticut.  The complaint asserts claims under the Securities Exchange Act of 1934 on behalf of those who purchased the common stock of the company during the period between July 30, 2007 and October 29, 2007 alleging that the company, in essence, missed two financial projections.  Plaintiffs filed an amended complaint in September 2010. On March 23, 2013, the Court granted our motion to dismiss, and dismissed the case in its entirety. Plaintiff did not appeal the decision, and therefore, this case has now concluded in favor of Pitney Bowes and its officers named in the lawsuit.

26

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

15. Pensions and Other Benefit Programs

Defined Benefit Pension Plans

The components of net periodic benefit cost for defined benefit pension plans were as follows:

	Three Months Ended June 30,
	United States						Foreign
	2013			2012			2013			2012
Service cost	$	3,494		$	4,515		$	2,139		$	2,013
Interest cost	18,534			19,917			11,627			6,934
Expected return on plan assets	(27,041		)	(30,194		)	(13,886		)	(8,041		)
Amortization of transition credit	—			—			(2		)	(2		)
Amortization of prior service cost	94			197			28			27
Amortization of net actuarial loss	7,507			13,165			4,290			3,492
Settlement	1,416			—			—			250
Special termination benefits	548			—			—			—
Net periodic benefit cost	$	4,552		$	7,600		$	4,196		$	4,673

	Six Months Ended June 30,
	United States						Foreign
	2013			2012			2013			2012
Service cost	$	7,293		$	9,469		$	4,312		$	4,031
Interest cost	36,905			40,520			23,376			13,857
Expected return on plan assets	(54,127		)	(60,812		)	(27,921		)	(16,064		)
Amortization of transition credit	—			—			(4		)	(4		)
Amortization of prior service cost	223			402			56			55
Amortization of net actuarial loss	18,544			26,479			8,638			6,988
Settlement	1,416			—			—			250
Special termination benefits	548			—			—			—
Curtailment	814			—			—			—
Net periodic benefit cost	$	11,616		$	16,058		$	8,457		$	9,113

Through June 30, 2013, we contributed $7 million to our U.S. pension plans and $7 million to our foreign pension plans.

Nonpension Postretirement Benefit Plans

The components of net periodic benefit cost for nonpension postretirement benefit plans were as follows:

	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2012			2013		2012
Service cost	$	1,014	$	868		$	2,031	$	1,759
Interest cost	2,510		2,714			5,024		5,789
Amortization of prior service cost (credit)	41		(523		)	82		(1,046		)
Amortization of net actuarial loss	2,359		1,690			4,720		4,057
Net periodic benefit cost	$	5,924	$	4,749		$	11,857	$	10,559

Contributions for benefit payments for our nonpension postretirement benefit plans were $8 million for each of the three months ended June 30, 2013 and 2012, respectively, and $16 million and $14 million for the six months ended June 30, 2013 and 2012, respectively.

27

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

16. Earnings per Share

The calculations of basic and diluted earnings per share are presented below:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Numerator:
Amounts attributable to common stockholders:
Net income from continuing operations	$	10,834		$	103,435		$	82,029		$	243,447
(Loss) income from discontinued operations	(20,067		)	(3,812		)	(23,756		)	14,846
Net (loss) income - Pitney Bowes Inc. (numerator for diluted EPS)	(9,233		)	99,623			58,273			258,293
Less: Preference stock dividend	(13		)	(13		)	(23		)	(26		)
(Loss) income attributable to common stockholders (numerator for basic EPS)	$	(9,246	)	$	99,610		$	58,250		$	258,267
Denominator (in thousands):
Weighted-average shares used in basic EPS	201,567			200,252			201,342			200,091
Effect of dilutive shares:
Preferred stock	2			2			2			2
Preference stock	387			398			390			399
Stock plans	847			459			646			407
Weighted-average shares used in diluted EPS	202,803			201,111			202,380			200,899
Basic earnings per share:
Continuing operations	$	0.05		$	0.52		$	0.41		$	1.22
Discontinued operations	(0.10		)	(0.02		)	(0.12		)	0.07
Net (loss) income	$	(0.05	)	$	0.50		$	0.29		$	1.29
Diluted earnings per share:
Continuing operations	$	0.05		$	0.51		$	0.41		$	1.21
Discontinued operations	(0.10		)	(0.02		)	(0.12		)	0.07
Net (loss) income	$	(0.05	)	$	0.50		$	0.29		$	1.29
Anti-dilutive shares not used in calculating diluted weighted-average shares (in thousands):	12,673			13,737			12,881			14,517

28

PITNEY BOWES INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; table amounts in thousands of dollars, unless otherwise noted)

17. Subsequent Event

On July 30, 2013, we entered into a Stock and Asset Purchase Agreement (Purchase Agreement) to sell PBMS NA to an affiliate of Apollo Global Management, LLC for $400 million in cash consideration, subject to post-closing purchase price adjustments, as defined in the Purchase Agreement. We estimate that we will incur approximately $8 million of transaction fees and expenses related to this transaction. Completion of the sales transaction is subject to customary closing conditions, and is expected to close in the fourth quarter.

The sale of this business is part of our current transformation strategy to improve the growth profile and profitability of our company. Together with the International Management Services operations that were sold, or are in the process of being sold (see Note 4), our worldwide Management Services operations contributed $921 million, or 19%, of our reported consolidated revenue and $37 million, or 8%, of our reported consolidated net income for the year ended December 31, 2012.

In the third quarter, the results of PBMS NA will be reported as a discontinued operation, and we expect to incur a charge in the range of $80 to $100 million, or $0.40 to $0.50 per share, primarily resulting from a tax gain attributable to the difference between the company's book and tax basis in this business. This estimated charge is subject to post-closing purchase price adjustments, as defined in the Purchase Agreement.

29

Item 2: Management’s Discussion and Analysis ofFinancial Condition and Results of Operations

Forward-Looking Statements

This Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) contains statements that are forward-looking. We want to caution readers that any forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act) and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act) in this Form 10-Q may change based on various factors. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties and actual results could differ materially. Words such as “estimate”, “target”, “project”, “plan”, “believe”, “expect”, “anticipate”, “intend”, and similar expressions may identify such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Factors which could cause future financial performance to differ materially from the expectations as expressed in any forward-looking statement made by or on our behalf include, without limitation:

• declining physical mail volumes

• mailers’ utilization of alternative means of communication or competitors’ products

• access to capital at a reasonable cost to continue to fund various discretionary priorities, including business investments, pension contributions and dividend payments

• timely development and acceptance of new products and services

• successful entry into new markets

• success in gaining product approval in new markets where regulatory approval is required

• changes in postal or banking regulations

• interrupted use of key information systems

• third-party suppliers’ ability to provide product components, assemblies or inventories

• our success at managing the relationships with our outsource providers, including the costs of outsourcing functions and operations not central to our business

• changes in privacy laws

• intellectual property infringement claims

• regulatory approvals and satisfaction of other conditions to consummate and integrate any acquisitions

• negative developments in economic conditions, including adverse impacts on customer demand

• our success at managing customer credit risk

• significant changes in pension, health care and retiree medical costs

• changes in interest rates, foreign currency fluctuations or credit ratings

• income tax adjustments or other regulatory levies for prior audit years and changes in tax laws, rulings or regulations

• impact on mail volume resulting from concerns over the use of the mail for transmitting harmful biological agents

• changes in international or national political conditions, including any terrorist attacks

• acts of nature

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our Condensed Consolidated Financial Statements contained in this report and our Annual Report to Stockholders on Form 10-K for the year ended December 31, 2012 (2012 Annual Report).

Overview

For the second quarter of 2013, revenue decreased1% to $1,158 million compared to $1,166 million in the second quarter of 2012. Equipment sales and supplies revenue increased 9% and 3%, respectively, primarily due to the the installation of large production print and inserting equipment in North America during the quarter. Offsetting these increases was a 4% decline in software revenue due to fewer large dollar value licensing deals and continued weakness in our international markets, in part, due to constrained public sector spending; a 6% decline in rental revenue due to fewer installed meters worldwide; a 6% decline in financing revenue due to the impact of lower equipment sales in prior periods; and a 5% decline in support services revenue due to lower new equipment placements. Foreign currency translation had a less than 1% unfavorable impact on revenue in the quarter.

Net income from continuing operations attributable to common stockholders decreased to $11 million, or $0.05 per diluted share in the second quarter of 2013 compared to $103 million or $0.51 per diluted share in the second quarter of 2012, primarily due to a pretax goodwill impairment charge of $0.40 per diluted share and restructuring charges of $0.07 per diluted share. See "Restructuring charges" and "Goodwill impairment" in the Results of Operations section of this MD&A for further details of these charges.

As part of our current transformation strategy to improve the growth profile and profitability of our company, during the quarter, we entered into two separate agreements to sell our International Management Services operations (PBMSi). The assets and liabilities of

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PBMSi met held-for-sale classification and all amounts are presented as discontinued operations for all periods presented in the Condensed Consolidated Statements of Income. The operating results of PBMSi were previously included in our Management Services segment. We closed on one of the agreements on July 5, 2013 and expect to close on the second agreement by the end of the third quarter. Total proceeds from these sales will not be material.

Additionally, on July 30, 2013, we entered into a definitive agreement to sell our North America Management Services operations (PBMS NA) to an affiliate of Apollo Global Management, LLC for $400 million in cash consideration, subject to post-closing purchase price adjustments. We estimate that we will incur approximately $8 million of transaction fees and expenses related to this transaction. Completion of the sales transaction is subject to customary closing conditions, and is expected to close in the fourth quarter. Proceeds from the sale will be used primarily to reduce debt.

While our worldwide Management Services business (PBMSi and PBMS NA, collectively PBMS) contributed a significant amount of revenue, its contribution to our profitability was not as significant. For the year ended December 31, 2012, PBMS contributed $921 million, or 19%, of our reported consolidated revenue, but only $37 million, or 8%, of our reported consolidated net income. Total assets of PBMS at December 31, 2012 were $701 million.

In the third quarter, the results of PBMS NA will be reported as a discontinued operation, and we expect to incur a charge in the range of $80 to $100 million, or $0.40 to $0.50 per share, primarily resulting from a tax gain attributable to the difference between the company's book and tax basis in this business. This estimated charge is subject to post-closing purchase price adjustments, as defined in the Purchase Agreement.

Outlook

Worldwide economic weakness continues to create a challenging business environment causing many of our customers to remain cautious about spending and, therefore, impacting the performance of our business segments. Small and Medium Business Solutions (SMB) revenues continue to be challenged by the decline in physical mail volumes as alternative means of communications evolve and gain further acceptance. However, historical trends for equipment sales and recurring revenue streams are beginning to show some improvement, and we expect this improvement to continue during the second half of the year, due in part to global sales of our Connect+^TM communications systems and SendSuite Live^TM shipping solutions.

We anticipate revenue growth in certain of our Enterprise Business Solutions segments from continued expansion in our Mail Services presort operations, new ecommerce initiatives and market acceptance for our new solutions that help customers grow their business by more effectively managing their physical and digital communications with their customers. We will continue to fund investments to build capacity and infrastructure to support our ecommerce products and solutions. We are also committed to improving the performance of our Software business and expect revenue and profitability improvements as a result of our recently appointed new leadership, a re-alignment of our sales force and initiatives focused on improving the cost structure.

Our growth strategies will focus on leveraging our expertise in physical communications with our expanding capabilities in digital and hybrid communications. We will continue to develop and invest in products, software, services and solutions that help customers grow their business by more effectively communicating with their customers across physical, digital and hybrid channels. We expect our mix of business will continue to shift to more enterprise related products and solutions, and that these new revenue streams will have lower margins than our traditional mailing business.

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RESULTS OF OPERATIONS

Revenue by source and the related cost of revenue are shown in the following tables:

Revenue
	Three Months Ended June 30,						Six Months Ended June 30,
($ amounts in 000s)	2013		2012		% change		2013		2012		% change
Equipment sales	$	243,644	$	224,235	9	%	$	458,643	$	444,414	3	%
Supplies	72,337		70,522		3	%	146,624		146,887		—	%
Software	100,482		104,551		(4	)%	187,494		208,901		(10	)%
Rentals	136,775		145,497		(6	)%	273,154		285,886		(4	)%
Financing	115,929		122,948		(6	)%	232,691		249,696		(7	)%
Support services	163,178		171,254		(5	)%	328,664		344,772		(5	)%
Business services	325,862		327,350		—	%	649,207		655,447		(1	)%
Total revenue	$	1,158,207	$	1,166,357	(1	)%	$	2,276,477	$	2,336,003	(3	)%

Cost of revenue
	Three Months Ended June 30,								Six Months Ended June 30,
					Percentage of Revenue								Percentage of Revenue
($ amounts in 000s)	2013		2012		2013		2012		2013		2012		2013		2012
Cost of equipment sales	$	128,426	$	106,718	52.7	%	47.6	%	$	237,763	$	203,634	51.8	%	45.8	%
Cost of supplies	22,692		20,863		31.4	%	29.6	%	45,954		44,734		31.3	%	30.5	%
Cost of software	21,435		24,404		21.3	%	23.3	%	42,141		45,497		22.5	%	21.8	%
Cost of rentals	26,424		31,851		19.3	%	21.9	%	54,179		62,076		19.8	%	21.7	%
Financing interest expense	19,798		20,642		17.1	%	16.8	%	39,673		41,781		17.0	%	16.7	%
Cost of support services	104,282		112,123		63.9	%	65.5	%	212,291		227,210		64.6	%	65.9	%
Cost of business services	248,715		242,010		76.3	%	73.9	%	495,611		485,952		76.3	%	74.1	%
Total cost of revenue	$	571,772	$	558,611	49.4	%	47.9	%	$	1,127,612	$	1,110,884	49.5	%	47.6	%

Equipment sales

Equipment sales revenue increased9% to $244 million and 3% to $459 million in the quarter and year-to-date periods, respectively, compared to the same periods in 2012. The increase in equipment sales was driven primarily by the installation of large production print and inserting equipment in North America, but also benefited from increased sales of Connect+^TM mailing systems in Europe. Equipment sales in our North America mailing business declined 5% in the quarter and 7% in the year-to-date period compared to the prior year periods mainly due to declining mail volumes. Equipment sales for the year-to-date period also included revenue of $3 million for scale updates resulting from a postal rate change in France. Cost of equipment sales as a percentage of revenue increased to 52.7% in the quarter and 51.8% in the year-to-date period compared to 47.6% and 45.8% in the same periods in 2012, respectively, primarily due to a higher mix of lower margin product sales.

Supplies

Supplies revenue increased3% to $72 million and was flat at $147 million in the quarter and year-to-date periods, respectively, compared to the same periods in 2012. The increase in the quarter was mainly due to supply sales related to the installation of production print equipment in the quarter and the growing base of production print equipment installations. Year-to-date supplies revenue was flat compared to the prior year-to-date period as increased supply sales for production print equipment and Connect+^TM mailing systems in Europe were offset by lower supply sales in our North America mailing business due to reduced mail volumes and fewer installed meters. Cost of supplies as a percentage of revenue increased to 31.4% in the quarter and 31.3% in the year-to-date period compared to 29.6% and 30.5% in the same periods in 2012, respectively, due to reduced margins on supplies sales.

Software

Software revenue decreased4% to $100 million and 10% to $187 million in the quarter and year-to-date periods, respectively, compared to the same periods in 2012 primarily due to fewer large dollar licensing contracts in our North America markets, and uncertain economic

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conditions and constrained public sector spending in our international markets. Cost of software as a percentage of revenue improved to 21.3% in the quarter compared with 23.3% in the prior year quarter as cost reduction initiatives more than offset the impact on margin from lower revenue. For the year-to-date period, cost of software as a percentage of revenue increased to 22.5% compared to 21.8% in the prior year period primarily due to the decline in revenue.

Rentals

Rentals revenue decreased6% to $137 million and 4% to $273 million in the quarter and year-to-date periods, respectively, compared to the same periods in 2012, primarily due to lower mail volumes and fewer meters in service. Cost of rentals as a percentage of revenue improved to 19.3% and 19.8% in the quarter and year-to-date periods, respectively, compared to 21.9% and 21.7% in the prior year periods primarily due to lower depreciation expense.

Financing

Financing revenue decreased6% to $116 million and 7% to $233 million in the quarter and year-to-date periods, respectively, compared to the same periods in 2012, primarily due to lower equipment sales in prior periods. Financing interest expense as a percentage of revenue for the quarter and year-to-date periods increased to 17.1% and 17.0%, respectively, compared to 16.8% and 16.7% in the comparable prior year periods due to higher effective interest rates. In computing our financing interest expense, which represents our cost of borrowing associated with the generation of financing revenue, we assume a 10:1 leveraging ratio of debt to equity and apply our overall effective interest rate to the average outstanding finance receivables.

Support Services

Support services revenue decreased5% in both the quarter and year-to-date periods to $163 million and $329 million, respectively, compared to the same periods in 2012, primarily driven by lower new equipment placements worldwide. Cost of support services as a percentage of revenue improved to 63.9% and 64.6% in the quarter and year-to-date periods, respectively, compared to 65.5% and 65.9% in the prior year periods due to productivity initiatives in our International Mailing business.

Business Services

Business services revenue was flat for the quarter at $326 million and decreased1% in the year-to-date period to $649 million compared to the same periods in 2012. The quarter and year-to-date periods benefited from revenue from our ecommerce solutions for cross-border package delivery and higher standard and first-class mail volumes; however, these benefits were offset by lost business and pricing pressure in our Management Services business and lower fees under certain contract renewals in our Marketing Services business. Cost of business services as a percentage of revenue was 76.3% in both the quarter and year-to-date periods compared to 73.9% and 74.1% in the same periods in 2012, respectively. The increase was primarily due to margin compression in our Management Services business and continuing investment in the growth of our ecommerce offering.

Selling, general and administrative (SG&A)

SG&A expense decreased1% to $377 million in the quarter and 4% to $748 million in the year-to-date period compared to the same periods in 2012 driven primarily by lower salaries and benefits and other cost reduction initiatives.

Restructuring charges and asset impairments

In order to enhance our responsiveness to changing market conditions, further streamline our business operations, reduce our cost structure and create long-term flexibility to invest in growth, we have identified certain actions that we believe will provide both process and operational improvements. We anticipate that these primarily cash related actions will result in restructuring charges in the range of $75 to $125 million and will be recognized as specific initiatives are approved and implemented. We anticipate annualized pre-tax benefits of $100 to $125 million, net of investments, from these actions, and expect to reach this benefit run rate by 2015.

During the quarter, we began implementing certain actions, consisting primarily of workforce reductions, and recorded restructuring charges of $23 million in connection with the above actions. Restructuring charges for the period also include the reversal of $3 million for changes in reserves under prior restructuring programs.

Goodwill impairment

Goodwill is tested for impairment annually during the fourth quarter, or sooner when circumstances indicate an impairment may exist at the reporting unit level. The impairment test for goodwill is a two-step approach. In the first step, the fair value of each reporting unit is compared to the reporting unit's carrying value, including goodwill. If the fair value of a reporting unit is less than its carrying value, the second step of the goodwill impairment test is performed to measure the amount of impairment, if any. In the second step, the fair value of the reporting unit is allocated to the assets and liabilities of the reporting unit as if it had been acquired in a business combination and the purchase price was equivalent to the fair value of the reporting unit. The excess of the fair value of the reporting unit over the amounts assigned to its assets and liabilities is referred to as the implied fair value of goodwill. The implied fair value of the reporting

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unit's goodwill is then compared to the actual carrying value of goodwill. If the implied fair value of goodwill is less than the carrying value of goodwill, an impairment loss is recognized for the difference.

As a result of lower than expected first half operating performance due to the loss of certain customer contracts, continued pricing pressure on contract renewals and a longer than originally anticipated sales cycle for some of our new growth areas in PBMS NA, future near-term cash flows are estimated to be lower than originally projected. Accordingly, management determined that it was necessary to perform a goodwill impairment review as of June 30, 2013. The fair value of PBMS NA was determined based on a combination of techniques, including external valuation data, the present value of future cash flows and applicable multiples of competitors. The inputs used to determine the fair value of PBMS NA were classified as Level 3 in the fair value hierarchy. Based on our review, a goodwill impairment charge of $98 million was recorded.

Significant estimates and assumptions are used in determining the fair value of each reporting unit regarding discount rates, growth rates and our future long-term business plans. Changes in any of these estimates or assumptions could materially affect the determination of fair value and the associated goodwill impairment charge for each reporting unit.

Other expense, net

Other expense, net for the six months ended June 30, 2013 of $25 million consists of the costs associated with the early redemption of debt during the first quarter. See Liquidity and Capital Resources - Financings and Capitalization for a detailed discussion.

Other expense, net for the three and six months ended June 30, 2012 was comprised of the following:

	(Income) / Expense
	Three months ended June 30, 2012			Six months ended June 30, 2012
Insurance proceeds	$	(4	)	$	(11	)
Loss on forward starting swap agreement	6			6
Early termination of debt, net	2			2
Pretax loss on sale of certain leverage lease assets	—			4
Other expense, net	$	4		$	1

Insurance proceeds were received in connection with the 2011 fire at our Dallas presort facility.

In April 2012, we entered into forward starting swap agreements to hedge interest rate risk associated with a forecasted issuance of long-term debt. Our anticipated debt issuance did not occur prior to the expiration of these swap agreements, resulting in a loss of $6 million.

In connection with the early redemption of $400 million, 4.625% notes (the 2012 Notes) in June 2012, we incurred a net loss of $2 million consisting of a $4 million make-whole payment offset by a gain of $2 million associated with the termination of interest rate swap contracts related to the 2012 Notes.

In the first quarter of 2012, we completed a sale of certain non-U.S. leveraged lease assets to the lessee for cash and incurred a pretax loss of $4 million.

Income taxes

See Note 13 to the unaudited Condensed Consolidated Financial Statements.

Discontinued operations

See Note 4 to the unaudited Condensed Consolidated Financial Statements.

Preferred stock dividends of subsidiaries attributable to noncontrolling interests

See Note 10 to the unaudited Condensed Consolidated Financial Statements.

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Business segment results

We conduct our business activities in seven reporting segments within two business groups, Small & Medium Business Solutions and Enterprise Business Solutions. The following tables show revenue and EBIT by business segment for the three and six months ended June 30,2013 and 2012. We determine segment EBIT, a non-GAAP measure, by deducting from segment revenue the related costs and expenses attributable to the segment. Segment EBIT excludes interest, taxes, general corporate expenses, restructuring charges and impairment charges, which are not allocated to a particular business segment. Management uses segment EBIT to measure profitability and performance at the segment level. Management presents segment EBIT because it believes segment EBIT provides investors with an analysis of the company's operating performance and underlying trends of the businesses. Segment EBIT may not be indicative of our overall consolidated performance and therefore, should be read in conjunction with our condensed consolidated results of operations. Refer to Note 2 to the Condensed Consolidated Financial Statements for a reconciliation of segment EBIT to income from continuing operations before income taxes.

Certain amounts in the tables below have been revised to reflect our International Mailing Services (IMS) operations and PBMSi as discontinued operations. IMS was previously included in our Mail Services segment and PBMSi was previously included in our Management Services segment.

Revenue	Three Months Ended June 30,						Six Months Ended June 30,
($ amounts in 000s)	2013		2012		% change		2013		2012		% change
North America Mailing	$	432,889	$	453,484	(5	)%	$	863,264	$	914,789	(6	)%
International Mailing	164,556		165,480		(1	)%	332,011		333,494		—	%
Small & Medium Business Solutions	597,445		618,964		(3	)%	1,195,275		1,248,283		(4	)%
Production Mail	144,986		123,067		18	%	263,788		238,083		11	%
Software	92,242		99,874		(8	)%	172,963		200,201		(14	)%
Management Services	174,708		180,562		(3	)%	351,278		360,702		(3	)%
Mail Services	119,058		108,045		10	%	237,913		222,681		7	%
Marketing Services	29,768		35,845		(17	)%	55,260		66,053		(16	)%
Enterprise Business Solutions	560,762		547,393		2	%	1,081,202		1,087,720		(1	)%
Total	$	1,158,207	$	1,166,357	(1	)%	$	2,276,477	$	2,336,003	(3	)%

EBIT	Three Months Ended June 30,						Six Months Ended June 30,
($ amounts in 000s)	2013		2012		% change		2013		2012		% change
North America Mailing	$	166,363	$	167,870	(1	)%	$	320,868	$	346,041	(7	)%
International Mailing	19,285		21,758		(11	)%	37,034		41,755		(11	)%
Small & Medium Business Solutions	185,648		189,628		(2	)%	357,902		387,796		(8	)%
Production Mail	13,617		5,594		143	%	16,672		8,373		99	%
Software	15,729		8,487		85	%	20,619		19,179		8	%
Management Services	14,735		14,222		4	%	29,097		26,210		11	%
Mail Services	15,484		28,464		(46	)%	34,833		62,709		(44	)%
Marketing Services	4,181		7,503		(44	)%	6,167		12,320		(50	)%
Enterprise Business Solutions	63,746		64,270		(1	)%	107,388		128,791		(17	)%
Total	$	249,394	$	253,898	(2	)%	$	465,290	$	516,587	(10	)%

Small & Medium Business Solutions

Small & Medium Business Solutions revenue for the quarter and year-to-date periods decreased3% and 4% to $597 million and $1,195 million, respectively, compared to the same periods in 2012. EBIT for the quarter and year-to-date periods decreased2% and 8% to $186 million and $358 million, respectively, compared to the same periods in 2012.

North America Mailing

Revenue for the North America Mailing segment decreased5% to $433 million and 6% to $863 million in the quarter and year-to-date periods, respectively, compared to the same periods in 2012. Compared to the prior year, equipment sales declined 5% in the quarter and 7% in the year-to-date period mainly due to declining mail volumes and continued concerns about economic conditions. Financing revenue

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declined 7% in the quarter and 8% in the year-to-date period due to declining equipment sales in prior periods. Rentals revenue declined 5% in the quarter and 4% in the year-to-date period primarily due to fewer meters in service and supplies revenue declined 2% in the quarter and 4% in the year-to-date period primarily due to lower mail volumes and a declining installed meter base.

EBIT decreased1% to $166 million in the quarter compared to the prior year quarter primarily due to the decline in revenue; however, EBIT margin improved due to cost reduction initiatives. EBIT for the year-to-date period decreased 7% to $321 million compared to the prior year period primarily due to the decline in revenue.

International Mailing

Revenue for the International Mailing segment for the quarter decreased1% to $165 million and less than 1% to $332 million in the quarter and year-to-date periods, respectively, compared to the same periods in 2012. Compared to the prior year, rental revenue declined 14% in the quarter and 9% in the year-to-date period driven primarily by lower rental revenue in France due to the effect of a change in mix from rentals to equipment sales in 2012 and lower rental revenue in the U.K. due to fewer installed meters. Offsetting this decline was higher financing revenue of 4% in the quarter and 5% in the year-to-date period due to positive equipment sales in prior periods, driven primarily by the change in mix from rentals to equipment sales in France in 2012, and higher sales in the Nordics. Equipment sales increased 3% in the quarter and 1% in the year-to-date period higher sales in the Nordics and increased sales of our Connect+^TM mailing systems in Germany, partially offset by lower equipment sales in the U.K. due to the continuing uncertain economic environment. Year-to-date equipment sales also benefited from revenue for scale updates resulting from a postal rate change in France. Supplies revenue was up 2% in the quarter due to higher sales in Asia-Pacific, but flat compared to the year-to-date period.

EBIT decreased11% in both the quarter and year-to-date periods to $19 million and $37 million, respectively, compared to the same periods in 2012 primarily due to lower margin equipment sales and costs related to facilities consolidation.

Enterprise Business Solutions

Enterprise Business Solutions revenue for the quarter increased2% to $561 million and EBIT decreased1% to $64 million, compared to the prior year quarter. For the year-to-date period, revenue decreased1% to $1,081 million and EBIT decreased17% to $107 million compared to the prior year-to-date period.

Production Mail

Revenue for the Production Mail segment increased18% to $145 million and 11% to $264 million in the quarter and year-to-date periods, respectively, compared to the same periods in 2012, primarily due to the installation of large production print and inserting equipment in North America and licensing revenue from providing our Volly^TM software solution to Australia Post.

EBIT for the quarter and year-to-date periods increased significantly to $14 million and $17 million, respectively, compared to $6 million and $8 million in the prior year quarter and year-to-date periods, respectively, due to the increase in revenue and cost-reduction and productivity improvement initiatives.

Software

Revenue for the Software segment decreased8% to $92 million and 14% to $173 million in the quarter and year-to-date periods, respectively, compared to the same periods in 2012, primarily due to fewer large dollar licensing contracts in North America, and uncertain economic conditions and constrained public sector spending in our international markets. Software revenue in the prior year-to-date period also included $13 million from two significant software contracts.

EBIT increased85% to $16 million in the quarter and 8% to $21 million for the year-to-date period, compared to the same periods in 2012, primarily due to cost-reduction and productivity improvement initiatives.

Management Services

Revenue for the Management Services segment decreased3% in both the quarter and year-to-date periods to $175 million and $351 million, respectively, compared to the same periods in 2012, primarily due to lost business and continued pricing pressure on new business and contract renewals. Despite the reduction in revenue, EBIT increased4% to $15 million in the quarter and 11% to $29 million in the year-to-date period, compared to the same periods in 2012, due to lower operating costs and productivity improvements.

Mail Services

Revenue for the Mail Services segment increased10% to $119 million and 7% to $238 million in the quarter and year-to-date periods, respectively, compared to the same periods in 2012, primarily due to revenue from our ecommerce cross-border package delivery solution and growth in presort volumes for both Standard mail and First Class mail.

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EBIT for the quarter decreased46% to $15 million and 44% to $35 million in the quarter and year-to-date periods, respectively, compared to the same periods in 2012. The decrease in EBIT was primarily due to continuing investment in the growth of our ecommerce offering and margin compression. EBIT for the prior year quarter and year-to-date periods also included benefits from fire-related insurance recoveries of $4 million and $11 million, respectively.

Marketing Services

Revenue for the Marketing Services segment decreased17% to $30 million and 16% to $55 million in the quarter and year-to-date periods, respectively, compared to the same periods in 2012, and EBIT decreased44% to $4 million and 50% to $6 million in the quarter and year-to-date periods, respectively, compared to the same periods in 2012. The decrease in revenue and EBIT was due to lower marketing fees under certain contract renewals. We expect that similar revenue and EBIT trends will continue throughout the year.

LIQUIDITY AND CAPITAL RESOURCES

We believe that cash generated from operations, existing cash and investments, borrowing capacity under our commercial paper program and our credit facility are currently sufficient to support our cash needs, including business operations, debt repayments, customer deposits and discretionary uses such as capital investments, dividends and share repurchases. Cash and cash equivalents and short-term investments were $631 million at June 30, 2013 and $950 million at December 31, 2012.

We have had the ability to supplement short-term liquidity through our consistent and uninterrupted access to the commercial paper market to date. We have an effective shelf registration statement and the ability to fund the long-term needs of our business through broad and efficient access to capital markets, cash flow, proceeds from divestitures and a credit facility.

Within the last 12 months, the rating agencies reduced our credit ratings. There can be no assurances that one or more of the rating agencies will not take additional adverse actions in the future.

We continuously review our liquidity profile through published credit ratings and the credit default swap market. We also monitor the creditworthiness of those banks acting as derivative counterparties, depository banks or credit providers.

Cash Flow Summary

Net cash provided by operating activities for the six months ended June 30, 2013 was $279 million compared to $340 million for the six months ended June 30, 2012. The decrease in cash flow from operations is due to the cash payment of $27 million for the call premium and transaction fees in connection with the Tender Offer (see below), higher payments of accounts payable and accrued liabilities and higher income tax payments. Cash flow from operations in the current year benefited from a special contribution of $95 million to our pension plans in 2012, lower inventory purchases of $39 million, lower restructuring payments of $21 million and proceeds of $5 million from the unwinding of interest rate swaps.

Net cash used in investing activities for the six months ended June 30, 2013 was $86 million, compared to cash provided by investing activities of $15 million for the six months ended June 30, 2012. Cash flow from investing activities in 2012 included proceeds of $106 million received from the sale of leveraged lease assets.

Net cash used in financing activities for the six months ended June 30, 2013 was $487 million compared to $705 million for the six months ended June 30, 2012. See Financings and Capitalization section below for details of significant cash flows from financing activities.

Financings and Capitalization

We are a Well-Known Seasoned Issuer as defined in the Securities Act, which allows us to issue debt securities, preferred stock, preference stock, common stock, purchase contracts, depositary shares, warrants and units in an expedited fashion. We have a commercial paper program that is an important source of liquidity for us and a committed credit facility of $1.0 billion to support our commercial paper issuances. The credit facility expires in April 2016. We have not drawn upon the credit facility.

As of June 30, 2013, there were no outstanding commercial paper borrowings. During the quarter, commercial paper borrowings averaged $75 million at a weighted-average interest rate of 0.46% and the maximum amount outstanding at any time was $100 million.

During the year, we completed a cash tender offer (the Tender Offer) for a portion of our 4.875% Notes due 2014, our 5.0% Notes due 2015, and our 4.75% Notes due 2016 (the Subject Notes). Holders who validly tendered their notes received the principal amount of the notes tendered, all accrued and unpaid interest and a premium amount. An aggregate $405 million of the Subject Notes were tendered and a net loss of $25 million was recognized, consisting of the cash payment for the call premium and transaction fees and write-off of unamortized costs, partially offset by a net gain from the unwinding of interest rate swap agreements.

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In March 2013, we issued $425 million of 6.7% fixed-rate 30-year notes (net proceeds received after fees and discount were $412 million). Interest is payable quarterly. The notes mature in 2043, but may be redeemed, at our option, in whole or in part, at any time on or after March 7, 2018 at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest. The net proceeds were used to fund the Tender Offer.

In June 2013, the $375 million 3.875% notes matured and were redeemed with cash.

Cash and cash equivalents held by our foreign subsidiaries are generally used to support the liquidity needs of these subsidiaries. Most of these amounts could be repatriated to the U.S. but would be subject to additional taxes. Repatriation of some foreign balances is restricted by local laws.Cash and cash equivalents held by our foreign subsidiaries were $297 million at June 30, 2013 and $219 million at December 31, 2012.

We paid dividends to our common stockholders in the amount of $113 million ($0.5625 per share) for the six months ended June 30, 2013 and $150 million ($0.75 per share) for the six months ended June 30, 2012. Each quarter, our Board of Directors considers our recent and projected earnings and other capital needs and priorities in deciding whether to approve the amount and payment of a dividend. On July 30, 2013, our Board of Directors declared a cash dividend of $0.1875 per share, payable on September 12, 2013. There are no material restrictions on our ability to declare dividends.

Regulatory Matters

There have been no significant changes to the regulatory matters disclosed in our 2012 Annual Report.

Item 3: Quantitative and Qualitative Disclosures about Market Risk

There were no material changes to the disclosures made in the 2012 Annual Report regarding this matter.

Item 4: Controls and Procedures

Disclosure controls and procedures are designed to reasonably assure that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures are also designed to reasonably assure that such information is accumulated and communicated to our management, including our Chief Executive Officer (CEO) and Chief Financial Officer (CFO), as appropriate to allow timely decisions regarding required disclosure.

Under the direction of our CEO and CFO, we evaluated our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Exchange Act) and internal control over financial reporting. Our CEO and CFO concluded that, as of the end of the period covered by this report, such disclosure controls and procedures were effective to ensure that information we are required to disclose in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Exchange Act. In addition, no changes in internal control over financial reporting occurred during the fiscal quarter covered by this report that have materially affected, or are reasonably likely to materially affect, such internal control over financial reporting. It should be noted that any system of controls is based in part upon certain assumptions designed to obtain reasonable (and not absolute) assurance as to its effectiveness, and there can be no assurance that any design will succeed in achieving its stated goals. Notwithstanding this caution, the disclosure controls and procedures are designed to provide reasonable assurance of achieving their stated objectives, and the CEO and CFO have concluded that the disclosure controls and procedures are effective at that reasonable assurance level.

38

PART II. OTHER INFORMATION

Item 1: Legal Proceedings

See Note 14 to the unaudited Condensed Consolidated Financial Statements.

Item 1A: Risk Factors

There were no material changes to the risk factors identified in the 2012 Annual Report.

Item 2: Unregistered Sales of Equity Securities and Use of Proceeds

Repurchases of Equity Securities

We periodically repurchase shares of our common stock to manage the dilution created by shares issued under employee stock plans and for other purposes in the open market. As of June 30, 2013, we have remaining authorization to repurchase up to $50 million of our common stock. There were no share repurchases during the quarter ended June 30, 2013.

Item 6: Exhibits

Exhibit Number	Description
12	Computation of ratio of earnings to fixed charges
31.1	Certification of Chief Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as amended
31.2	Certification of Chief Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as amended
32.1	Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350
32.2	Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350
101.INS	XBRL Report Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Calculation Linkbase Document
101.DEF	XBRL Taxonomy Definition Linkbase Document
101.LAB	XBRL Taxonomy Label Linkbase Document
101.PRE	XBRL Taxonomy Presentation Linkbase Document

39

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		PITNEY BOWES INC.
Date:	August 1, 2013
		/s/ Michael Monahan
		Michael Monahan
		Executive Vice President and Chief Financial Officer
		(Principal Financial Officer)
		/s/ Steven J. Green
		Steven J. Green
		Vice President – Finance and Chief Accounting Officer
		(Principal Accounting Officer)

40

Exhibit Index

Exhibit Number	Description
12	Computation of ratio of earnings to fixed charges
31.1	Certification of Chief Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as amended
31.2	Certification of Chief Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as amended
32.1	Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350
32.2	Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350
101.INS	XBRL Report Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Calculation Linkbase Document
101.DEF	XBRL Taxonomy Definition Linkbase Document
101.LAB	XBRL Taxonomy Label Linkbase Document
101.PRE	XBRL Taxonomy Presentation Linkbase Document

41

EX-12

Exhibit 12

PITNEY BOWES INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2013		2012		2013		2012
Income from continuing operations before income taxes	$	30,588	$	161,142	$	134,116	$	320,846
Add:
Interest expense (1)	51,145		50,995		101,759		101,501
Portion of rents representative of the interest factor	8,787		9,042		17,410		17,914
Amortization of capitalized interest	—		243		—		486
Income as adjusted	$	90,520	$	221,422	$	253,285	$	440,747
Fixed charges:
Interest expense (1)	$	51,145	$	50,995	$	101,759	$	101,501
Portion of rents representative of the interest factor	8,787		9,042		17,410		17,914
Noncontrolling interests (preferred stock dividends of subsidiaries), excluding taxes	6,960		6,898		13,920		13,845
Total fixed charges	$	66,892	$	66,935	$	133,089	$	133,260
Ratio of earnings to fixed charges (2)	1.35		3.31		1.90		3.31

(1) Interest expense includes both financing interest expense and other interest expense.

(2) The computation of the ratio of earnings to fixed charges has been computed by dividing income from continuing operations before income taxes as adjusted by fixed charges. Included in fixed charges is one-third of rent expense as the representative portion of interest.

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Marc B. Lautenbach, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Pitney Bowes Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 1, 2013

/s/ Marc B. Lautenbach

Marc B. Lautenbach

President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Michael Monahan, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Pitney Bowes Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 1, 2013

/s/ Michael Monahan

Michael Monahan

Executive Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Pitney Bowes Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Marc B. Lautenbach, Chief Executive Officer of the Company, certify, to the best of my knowledge, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Marc B. Lautenbach

Marc B. Lautenbach

President and Chief Executive Officer

Date:    August 1, 2013

The foregoing certification is being furnished solely to accompany this report pursuant to 18 U.S.C. §1350, and is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company.

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Pitney Bowes Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Michael Monahan, Chief Financial Officer of the Company, certify, to the best of my knowledge, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Michael Monahan

Michael Monahan

Executive Vice President and Chief Financial Officer

Date:    August 1, 2013

The foregoing certification is being furnished solely to accompany this report pursuant to 18 U.S.C. §1350, and is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company.

XML

Stockholders' Equity

6 Months Ended

Jun. 30, 2013

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Changes in stockholders’ equity for the six months ended June 30, 2013 and 2012 were as follows:

	Preferred stock		Preference stock			Common stock		Additional paid-in capital			Retained earnings			Accumulated other comprehensive loss			Treasury stock			Total equity
Balance at January 1, 2013	$	4	$	648		$	323,338	$	223,847		$	4,744,802		$	(681,213	)	$	(4,500,795	)	$	110,631
Net income	—		—			—		—			58,273			—			—			58,273
Other comprehensive income	—		—			—		—			—			(42,310		)	—			(42,310		)
Cash dividends
Common ($0.5625 per share)	—		—			—		—			(113,083		)	—			—			(113,083		)
Preference	—		—			—		—			(23		)	—			—			(23		)
Issuances of common stock	—		—			—		(31,532		)	—			—			33,144			1,612
Conversions to common stock	—		(35		)	—		(618		)	—			—			653			—
Stock-based compensation expense	—		—			—		7,241			—			—			—			7,241
Balance at June 30, 2013	$	4	$	613		$	323,338	$	198,938		$	4,689,969		$	(723,523	)	$	(4,466,998	)	$	22,341

	Preferred stock		Preference stock			Common stock		Additional paid-in capital			Retained earnings			Accumulated other comprehensive loss			Treasury stock			Total equity
Balance at January 1, 2012	$	4	$	659		$	323,338	$	240,584		$	4,600,217		$	(661,645	)	$	(4,542,143	)	$	(38,986	)
Net income	—		—			—		—			258,293			—			—			258,293
Other comprehensive income	—		—			—		—			—			3,987			—			3,987
Cash dividends
Common ($0.75 per share)	—		—			—		—			(149,999		)	—			—			(149,999		)
Preference	—		—			—		—			(26		)	—			—			(26		)
Issuances of common stock	—		—			—		(22,176		)	—			—			21,321			(855		)
Conversions to common stock	—		(6		)	—		(124		)	—			—			130			—
Stock-based compensation expense	—		—			—		8,852			—			—			—			8,852
Balance at June 30, 2012	$	4	$	653		$	323,338	$	227,136		$	4,708,485		$	(657,658	)	$	(4,520,692	)	$	81,266

XML

Pensions and Other Benefit Programs (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Defined Benefit Plan Disclosure [Line Items]
Document Fiscal Year Focus			2013
Document Period End Date			Jun. 30, 2013
Amortization of transition credit	$ (2,000)	$ (2,000)	$ (4,000)	$ (4,000)
Amortization of prior service cost	163,000	(299,000)	361,000	(589,000)
Recognized net actuarial loss	(14,156,000)	(18,347,000)	(31,902,000)	(37,524,000)
Defined Benefit Plan Special Contributions			0	(95,000,000)
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Contributions By Employer			7,000,000
Pension Plans, Defined Benefit [Member] | United States Pension Plans of US Entity, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Special Termination Benefits	(548,000)	0	(548,000)	0
Service cost	3,494,000	4,515,000	7,293,000	9,469,000
Interest cost	18,534,000	19,917,000	36,905,000	40,520,000
Expected return on plan assets	(27,041,000)	(30,194,000)	(54,127,000)	(60,812,000)
Amortization of transition credit	0	0	0	0
Amortization of prior service cost	94,000	197,000	223,000	402,000
Recognized net actuarial loss	7,507,000	13,165,000	18,544,000	26,479,000
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements	1,416,000	0	1,416,000	0
Curtailment			814,000	0
Net periodic benefit cost	4,552,000	7,600,000	11,616,000	16,058,000
Defined Benefit Plan Contributions By Employer			7,000,000
Pension Plans, Defined Benefit [Member] | Foreign Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Special Termination Benefits	0	0	0	0
Service cost	2,139,000	2,013,000	4,312,000	4,031,000
Interest cost	11,627,000	6,934,000	23,376,000	13,857,000
Expected return on plan assets	(13,886,000)	(8,041,000)	(27,921,000)	(16,064,000)
Amortization of transition credit	(2,000)	(2,000)	(4,000)	(4,000)
Amortization of prior service cost	28,000	27,000	56,000	55,000
Recognized net actuarial loss	4,290,000	3,492,000	8,638,000	6,988,000
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements	0	250,000	0	250,000
Curtailment			0	0
Net periodic benefit cost	4,196,000	4,673,000	8,457,000	9,113,000
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	1,014,000	868,000	2,031,000	1,759,000
Interest cost	2,510,000	2,714,000	5,024,000	5,789,000
Amortization of prior service cost	41,000	(523,000)	82,000	(1,046,000)
Recognized net actuarial loss	2,359,000	1,690,000	4,720,000	4,057,000
Net periodic benefit cost	5,924,000	4,749,000	11,857,000	10,559,000
Defined Benefit Plan Contributions By Employer	$ 8,000,000	$ 8,000,000	$ 16,000,000	$ 14,000,000

XML

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Statement of Other Comprehensive Income [Abstract]
Document Fiscal Year Focus			2013
Net unrealized gain (loss) on cash flow hedges, tax	$ 230	$ 321	$ 574	$ 353
Net unrealized loss on investment securities, tax	(3,017)	790	(2,842)	242
Amortization of pension and postretirement costs, tax	$ 4,926	$ 7,070	$ 11,266	$ 13,967

XML

Discontinued Operations

6 Months Ended

Jun. 30, 2013

Notes To Condensed Consolidated Financial Statements [Abstract]

Discontinued Operations

Discontinued Operations and Assets Held for Sale

During the quarter, we entered into two separate agreements to sell PBMSi. The assets and liabilities of PBMSi met held-for-sale classification and all historical amounts are presented as discontinued operations for all periods presented in the Condensed Consolidated Statements of Income. We closed on one of the agreements on July 5, 2013 and expect to close on the second agreement by the end of the third quarter. Total proceeds from these sales will not be material.

In connection with the disposal of PBMSi, amounts in the table below for the three and six months ended June 30, 2013 include an impairment charge of $15 million to write-off the total carrying value of long-lived assets, a goodwill impairment charge of $2 million to write-off the total carrying value of goodwill and an estimated loss on disposal of $15 million. The inputs used to determine the fair value of the long-lived assets and goodwill were classified as Level 3 in the fair value hierarchy.

During the fourth quarter of 2012, we made a strategic decision to exit our IMS operations related to the international delivery of mail and catalogs. All historical amounts related to IMS are presented as discontinued operations in the Condensed Consolidated Statements of Income. As of June 30, 2013, we have sold all of our IMS operations. Total proceeds from these sales were not material.

Discontinued operations also include our Capital Services business that was sold in 2006. For the six months ended June 30, 2012, we recognized $19 million of tax benefits arising from the resolution of tax examinations.

The following table shows selected financial information included in discontinued operations:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Revenue	$	47,727		$	79,460		$	116,481		$	165,470
Pretax loss	$	(35,948	)	$	(4,653	)	$	(39,367	)	$	(5,667	)
Net loss	$	(17,731	)	$	(3,812	)	$	(20,414	)	$	(4,486	)
Loss on sale of IMS, net of tax	(2,336		)	—			(3,342		)	—
Capital Services	—			—			—			19,332
(Loss) income from discontinued operations, net of tax	$	(20,067	)	$	(3,812	)	$	(23,756	)	$	14,846

The assets and liabilities held for sale at June 30, 2013 consist of the following:

Accounts receivables	$	58,382
Inventories	2,988
Other current assets and prepayments	8,606
Total current assets	69,976
Property, plant and equipment, net	598
Other assets	478
Assets held for sale	$	71,052
Accounts payable and accrued liabilities	$	52,573
Advance billings	955
Total current liabilities	53,528
Other non current liabilities	13,948
Liabilities related to assets held for sale	$	67,476

XML

Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Reconciliation Of E B I T From Segments To Consolidated [Table Text Block]

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
EBIT:
North America Mailing	$	166,363		$	167,870		$	320,868		$	346,041
International Mailing	19,285			21,758			37,034			41,755
Small & Medium Business Solutions	185,648			189,628			357,902			387,796
Production Mail	13,617			5,594			16,672			8,373
Software	15,729			8,487			20,619			19,179
Management Services	14,735			14,222			29,097			26,210
Mail Services	15,484			28,464			34,833			62,709
Marketing Services	4,181			7,503			6,167			12,320
Enterprise Business Solutions	63,746			64,270			107,388			128,791
Total EBIT	249,394			253,898			465,290			516,587
Reconciling items:
Interest, net (1)	(49,843		)	(48,992		)	(98,709		)	(97,765		)
Unallocated corporate and other expenses	(51,221		)	(44,349		)	(114,723		)	(98,561		)
Restructuring charges and asset impairments	(19,955		)	585			(19,955		)	585
Goodwill impairment	(97,787		)	—			(97,787		)	—
Income from continuing operations before income taxes	$	30,588		$	161,142		$	134,116		$	320,846

(1) Includes financing interest expense, other interest expense and interest income.

Reconciliation of Revenue From Segments to Consolidated Statements

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Revenue:
North America Mailing	$	432,889	$	453,484	$	863,264	$	914,789
International Mailing	164,556		165,480		332,011		333,494
Small & Medium Business Solutions	597,445		618,964		1,195,275		1,248,283
Production Mail	144,986		123,067		263,788		238,083
Software	92,242		99,874		172,963		200,201
Management Services	174,708		180,562		351,278		360,702
Mail Services	119,058		108,045		237,913		222,681
Marketing Services	29,768		35,845		55,260		66,053
Enterprise Business Solutions	560,762		547,393		1,081,202		1,087,720
Total revenue	$	1,158,207	$	1,166,357	$	2,276,477	$	2,336,003

XML

AOCI (Notes)

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income [Abstract]

Accuumulated Other Comprehensive Income (Loss) [Text Block]

12. Accumulated Other Comprehensive Loss

Reclassifications out of accumulated other comprehensive income for the three and six months ended June 30,2013 and 2012 was as follows:

	Amount Reclassified from AOCI (a)
	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Gains (losses) on cash flow hedges
Revenue	$	(371	)	$	473		$	(753	)	$	774
Cost of sales	286			(7		)	412			(73		)
Interest expense	(507		)	(507		)	(1,014		)	(1,014		)
Total before tax	(592		)	(41		)	(1,355		)	(313		)
Tax benefit	231			17			528			122
Net of tax	$	(361	)	$	(24	)	$	(827	)	$	(191	)
Unrealized gains (losses) on available for sale securities
Interest income	$	10		$	(117	)	$	(2,602	)	$	(476	)
Tax benefit	(3		)	43			963			176
Net of tax	$	7		$	(74	)	$	(1,639	)	$	(300	)
Defined Benefit Pension Plans and Nonpension Postretirement Benefit Plans (b)
Transition credit	$	2		$	2		$	4		$	4
Prior service (costs) credit	(163		)	299			(361		)	589
Actuarial losses	(14,156		)	(18,347		)	(31,902		)	(37,524		)
Total before tax	(14,317		)	(18,046		)	(32,259		)	(36,931		)
Tax benefit	4,926			7,070			11,266			13,967
Net of tax	$	(9,391	)	$	(10,976	)	$	(20,993	)	$	(22,964	)

(a)     Amounts in parentheses indicate debits (reductions) to income.

(b) These items are included in the computation of net periodic costs of defined benefit pension plans and nonpension postretirement benefit plans (see Note 15 for additional details).

Changes in accumulated other comprehensive income (AOCI) for the six months ended June 30, 2013 and 2012 were as follows:

	Gains (losses) on cash flow hedges			Unrealized gains (losses) on available for sale securities			Defined benefit pension plans and nonpension postretirement benefit plans			Foreign currency items			Total
Balance at January 1, 2013	$	(7,777	)	$	4,513		$	(759,199	)	$	81,250		$	(681,213	)
Other comprehensive income (loss) before reclassifications (a)	73			(6,084		)	—			(62,317		)	(68,328		)
Amounts reclassified from accumulated other comprehensive income (a), (b), (c)	827			1,639			20,993			2,559			26,018
Net current period other comprehensive income	900			(4,445		)	20,993			(59,758		)	(42,310		)
Balance at June 30, 2013	$	(6,877	)	$	68		$	(738,206	)	$	21,492		$	(723,523	)

	Gains (losses) on cash flow hedges			Unrealized gains (losses) on available for sale securities		Defined benefit pension plans and nonpension postretirement benefit plans			Foreign currency items			Total
Balance at January 1, 2012	$	(8,438	)	$	4,387	$	(741,546	)	$	83,952		$	(661,645	)
Other comprehensive income (loss) before reclassifications (a)	362			78		—			(19,908		)	(19,468		)
Amounts reclassified from accumulated other comprehensive income (a), (b)	191			300		22,964			—			23,455
Net current period other comprehensive income	553			378		22,964			(19,908		)	3,987
Balance at June 30, 2012	$	(7,885	)	$	4,765	$	(718,582	)	$	64,044		$	(657,658	)

(a)     Amounts are net of tax. Amounts in parentheses indicate debits to AOCI.

(b)     See table above for additional details of these reclassifications.

(c) Foreign currency item amount represents the recognition of deferred translation upon the sale of the U.K. IMS business. Amount was reclassified from accumulated other comprehensive loss and recorded as discontinued operations in the Condensed Consolidated Statements of Income.

Schedule of Accumulated Comprehensive Income [Table Text Block]

Changes in accumulated other comprehensive income (AOCI) for the six months ended June 30, 2013 and 2012 were as follows:

	Gains (losses) on cash flow hedges			Unrealized gains (losses) on available for sale securities			Defined benefit pension plans and nonpension postretirement benefit plans			Foreign currency items			Total
Balance at January 1, 2013	$	(7,777	)	$	4,513		$	(759,199	)	$	81,250		$	(681,213	)
Other comprehensive income (loss) before reclassifications (a)	73			(6,084		)	—			(62,317		)	(68,328		)
Amounts reclassified from accumulated other comprehensive income (a), (b), (c)	827			1,639			20,993			2,559			26,018
Net current period other comprehensive income	900			(4,445		)	20,993			(59,758		)	(42,310		)
Balance at June 30, 2013	$	(6,877	)	$	68		$	(738,206	)	$	21,492		$	(723,523	)

	Gains (losses) on cash flow hedges			Unrealized gains (losses) on available for sale securities		Defined benefit pension plans and nonpension postretirement benefit plans			Foreign currency items			Total
Balance at January 1, 2012	$	(8,438	)	$	4,387	$	(741,546	)	$	83,952		$	(661,645	)
Other comprehensive income (loss) before reclassifications (a)	362			78		—			(19,908		)	(19,468		)
Amounts reclassified from accumulated other comprehensive income (a), (b)	191			300		22,964			—			23,455
Net current period other comprehensive income	553			378		22,964			(19,908		)	3,987
Balance at June 30, 2012	$	(7,885	)	$	4,765	$	(718,582	)	$	64,044		$	(657,658	)

(a)     Amounts are net of tax. Amounts in parentheses indicate debits to AOCI.

(b)     See table above for additional details of these reclassifications.

(c) Foreign currency item amount represents the recognition of deferred translation upon the sale of the U.K. IMS business. Amount was reclassified from accumulated other comprehensive loss and recorded as discontinued operations in the Condensed Consolidated Statements of Income.

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Reclassifications out of accumulated other comprehensive income for the three and six months ended June 30,2013 and 2012 was as follows:

	Amount Reclassified from AOCI (a)
	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Gains (losses) on cash flow hedges
Revenue	$	(371	)	$	473		$	(753	)	$	774
Cost of sales	286			(7		)	412			(73		)
Interest expense	(507		)	(507		)	(1,014		)	(1,014		)
Total before tax	(592		)	(41		)	(1,355		)	(313		)
Tax benefit	231			17			528			122
Net of tax	$	(361	)	$	(24	)	$	(827	)	$	(191	)
Unrealized gains (losses) on available for sale securities
Interest income	$	10		$	(117	)	$	(2,602	)	$	(476	)
Tax benefit	(3		)	43			963			176
Net of tax	$	7		$	(74	)	$	(1,639	)	$	(300	)
Defined Benefit Pension Plans and Nonpension Postretirement Benefit Plans (b)
Transition credit	$	2		$	2		$	4		$	4
Prior service (costs) credit	(163		)	299			(361		)	589
Actuarial losses	(14,156		)	(18,347		)	(31,902		)	(37,524		)
Total before tax	(14,317		)	(18,046		)	(32,259		)	(36,931		)
Tax benefit	4,926			7,070			11,266			13,967
Net of tax	$	(9,391	)	$	(10,976	)	$	(20,993	)	$	(22,964	)

(a)     Amounts in parentheses indicate debits (reductions) to income.

(b) These items are included in the computation of net periodic costs of defined benefit pension plans and nonpension postretirement benefit plans (see Note 15 for additional details).

XML

Debt (Details) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Debt Instrument [Line Items]
Document Period End Date		Jun. 30, 2013
Extinguishment of Debt, Amount	$ 405,000,000
Gains (Losses) on Extinguishment of Debt	25,000,000
Derivative, Notional Amount	450,000,000	450,000,000
Notional Amount Of Interest Rate Derivatives Unwound During Period	225,000,000	225,000,000
Principal payments of long-term obligations		779,637,000	550,000,000
Short-term Debt, Weighted Average Interest Rate	0.46%	0.46%
Debt Instrument, Unamortized Discount (Premium), Net	43,669,000	43,669,000		52,375,000
Total Debt	3,654,032,000	3,654,032,000		4,017,375,000
Debt, Current	0	0		375,000,000
Long-term Debt	3,654,032,000	3,654,032,000		3,642,375,000
Loans Payable [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	230,000,000	230,000,000		230,000,000
Debt Due 2013 [Member]
Debt Instrument [Line Items]
Principal payments of long-term obligations		375,000,000
Debt Instrument, Interest Rate, Stated Percentage	3.875%	3.875%
Debt Instrument, Face Amount				375,000,000
Debt Due 2014 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.875%	4.875%
Debt Instrument, Face Amount	299,570,000	299,570,000		450,000,000
Debt Due 2015 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.00%	5.00%
Debt Instrument, Face Amount	274,879,000	274,879,000		400,000,000
Debt Due 2016 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.75%	4.75%
Debt Instrument, Face Amount	370,914,000	370,914,000		500,000,000
Debt Due 2017 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.75%	5.75%
Debt Instrument, Face Amount	500,000,000	500,000,000		500,000,000
Debt Due 2019 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.25%	6.25%
Debt Instrument, Face Amount	300,000,000	300,000,000		300,000,000
Debt Due 2037 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.25%	5.25%
Debt Instrument, Face Amount	110,000,000	110,000,000		110,000,000
Debt Due 2037 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.25%	5.25%
Debt Instrument, Face Amount	500,000,000	500,000,000		500,000,000
Debt Due 2043 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.70%	6.70%
Debt Instrument, Face Amount	425,000,000	425,000,000		0
Maximum [Member]
Debt Instrument [Line Items]
Commercial Paper	100,000,000	100,000,000
Average Borrowings [Member]
Debt Instrument [Line Items]
Commercial Paper	75,000,000	75,000,000
LIBOR [Member] | Debt Due 2018 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.60%	5.60%
Debt Instrument, Face Amount	250,000,000	250,000,000		250,000,000
Prime Rate [Member] | Debt Due 2018 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.75%	4.75%
Debt Instrument, Face Amount	$ 350,000,000	$ 350,000,000		$ 350,000,000

XML

Finance Assets Finance Assets 2 (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Receivables [Abstract]
Document Period End Date	Jun. 30, 2013
Leveraged Leases [Line Items]
Rental receivables	$ 70,585		$ 83,254
Unguaranteed residual values	13,371		14,177
Principal and interest on non-recourse loans	(44,033)		(55,092)
Unearned income	(6,317)		(7,793)
Investment in leveraged leases	33,606		34,546
Less: Deferred taxes related to leveraged leases	(16,754)		(19,372)
Net investment in leveraged leases	16,852		15,174
Gain on sale of leveraged lease assets, net of tax	$ 0	$ 12,886

XML

Restructuring Charges and Asset Impairments (Tables)

6 Months Ended

Jun. 30, 2013

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

	Severance and benefits costs			Pension and Retiree Medical			Other exit costs			Total
Balance at January 1, 2013	$	62,540		$	—		$	5,218		$	67,758
Expenses, net	17,672			1,964			319			19,955
Cash payments	(25,155		)	—			(2,100		)	(27,255		)
Non-cash charges	—			(1,964		)	—			(1,964		)
Balance at June 30, 2013	$	55,057		$	—		$	3,437		$	58,494

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Fair Value Measurements and Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Available-for-sale Securities [Table Text Block]

Scheduled maturities of investment securities at June 30, 2013 were as follows:

	Amortized cost		Estimated fair value
Within 1 year	$	54,032	$	54,085
After 1 year through 5 years	38,948		40,028
After 5 years through 10 years	83,026		81,492
After 10 years	185,989		185,793
Total	$	361,995	$	361,398

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

Available-for-sale securities at June 30, 2013 and December 31, 2012 consisted of the following:

	June 30, 2013
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Estimated fair value
Money market funds / commercial paper	$	26,616	$	—	$	(6	)	$	26,610
Debt securities - U.S. and foreign governments, agencies and municipalities	116,570		2,045		(3,773		)	114,842
Debt securities - corporate	39,793		1,505		(449		)	40,849
Mortgage-backed / asset-backed securities	179,016		2,163		(2,082		)	179,097
Total	$	361,995	$	5,713	$	(6,310	)	$	361,398

	December 31, 2012
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Estimated fair value
Money market funds / commercial paper	$	44,611	$	53	$	—		$	44,664
Debt securities - U.S. and foreign governments, agencies and municipalities	127,807		3,972		(56		)	131,723
Debt securities - corporate	41,095		2,851		(20		)	43,926
Mortgage-backed / asset-backed securities	162,180		3,340		(3,145		)	162,375
Total	$	375,693	$	10,216	$	(3,221	)	$	382,688

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

		Three Months Ended June 30,
		Derivative Gain (Loss) Recognized in Earnings
Derivatives Instrument	Location of Derivative Gain (Loss)	2013			2012
Foreign exchange contracts	Selling, general and administrative expense	$	(1,644	)	$	1,157
		Six Months Ended June 30,
		Derivative Gain (Loss) Recognized in Earnings
Derivatives Instrument	Location of Derivative Gain (Loss)	2013			2012
Foreign exchange contracts	Selling, general and administrative expense	$	(5,995	)	$	(3,067	)

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

	Three Months Ended June 30,
	Derivative Gain (Loss) Recognized in AOCI (Effective Portion)					Location of Gain (Loss) (Effective Portion)	Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)
Derivative Instrument	2013		2012				2013			2012
Foreign exchange contracts	$	170	$	(150	)	Revenue	$	(371	)	$	473
						Cost of sales	286			(7		)
							$	(85	)	$	466
	Six Months Ended June 30,
	Derivative Gain (Loss) Recognized in AOCI (Effective Portion)					Location of Gain (Loss) (Effective Portion)	Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)
Derivative Instrument	2013		2012				2013			2012
Foreign exchange contracts	$	800	$	(809	)	Revenue	$	(753	)	$	774
						Cost of sales	412			(73		)
							$	(341	)	$	701

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

Designation of Derivatives	Balance Sheet Location	June 30, 2013			December 31, 2012
Derivatives designated as hedging instruments	Other current assets and prepayments:
	Foreign exchange contracts	$	455		$	78
	Other assets:
	Interest rate swaps	3,230			10,117
	Accounts payable and accrued liabilities:
	Foreign exchange contracts	(238		)	(320		)
Derivatives not designated as hedging instruments	Other current assets and prepayments:
	Foreign exchange contracts	6,092			2,504
	Accounts payable and accrued liabilities:
	Foreign exchange contracts	(3,068		)	(854		)
	Total derivative assets	$	9,777		$	12,699
	Total derivative liabilities	(3,306		)	(1,174		)
	Total net derivative assets	$	6,471		$	11,525

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	June 30, 2013
	Level 1		Level 2			Level 3		Total
Assets:
Investment securities
Money market funds / commercial paper	$	209,007	$	34,398		$	—	$	243,405
Equity securities	—		25,682			—		25,682
Commingled fixed income securities	—		27,487			—		27,487
Debt securities - U.S. and foreign governments, agencies and municipalities	112,060		22,758			—		134,818
Debt securities - corporate	—		40,849			—		40,849
Mortgage-backed / asset-backed securities	—		179,097			—		179,097
Derivatives
Interest rate swaps	—		3,230			—		3,230
Foreign exchange contracts	—		6,547			—		6,547
Total assets	$	321,067	$	340,048		$	—	$	661,115
Liabilities:
Derivatives
Foreign exchange contracts	$	—	$	(3,306	)	$	—	$	(3,306	)
Total liabilities	$	—	$	(3,306	)	$	—	$	(3,306	)

	December 31, 2012
	Level 1		Level 2			Level 3		Total
Assets:
Investment securities
Money market funds / commercial paper	$	581,648	$	34,369		$	—	$	616,017
Equity securities	—		25,106			—		25,106
Commingled fixed income securities	—		29,359			—		29,359
Debt securities - U.S. and foreign governments, agencies and municipalities	124,221		18,908			—		143,129
Debt securities - corporate	—		43,926			—		43,926
Mortgage-backed / asset-backed securities	—		162,375			—		162,375
Derivatives
Interest rate swaps	—		10,117			—		10,117
Foreign exchange contracts	—		2,582			—		2,582
Total assets	$	705,869	$	326,742		$	—	$	1,032,611
Liabilities:
Derivatives
Foreign exchange contracts	$	—	$	(1,174	)	$	—	$	(1,174	)
Total liabilities	$	—	$	(1,174	)	$	—	$	(1,174	)

Fair Value, by Balance Sheet Grouping [Table Text Block]

	June 30, 2013		December 31, 2012
Carrying value	$	3,654,032	$	4,017,375
Fair value	$	3,826,593	$	4,200,970

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

		Three Months Ended June 30,
		Derivative Gain Recognized in Earnings				Hedged Item Expense Recognized in Earnings
Derivative Instrument	Location of Gain (Loss)	2013		2012		2013			2012
Interest rate swaps	Interest expense	$	774	$	3,446	$	(2,742	)	$	(10,059	)
		Six Months Ended June 30,
		Derivative Gain Recognized in Earnings				Hedged Item Expense Recognized in Earnings
Derivative Instrument	Location of Gain (Loss)	2013		2012		2013			2012
Interest rate swaps	Interest expense	$	2,768	$	6,773	$	(8,227	)	$	(20,168	)

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Intangible Assets and Goodwill 2 (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013
Finite lived intangible assets future amortization expense
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	$ 19,035
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	36,142
Finite-Lived Intangible Assets, Amortization Expense, Year Two	32,376
Finite-Lived Intangible Assets, Amortization Expense, Year Three	24,061
Finite-Lived Intangible Assets, Amortization Expense, Year Four	11,359
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	20,478
Finite lived intangible assets, net	$ 143,451

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Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share (Tables) [Abstract]

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Numerator:
Amounts attributable to common stockholders:
Net income from continuing operations	$	10,834		$	103,435		$	82,029		$	243,447
(Loss) income from discontinued operations	(20,067		)	(3,812		)	(23,756		)	14,846
Net (loss) income - Pitney Bowes Inc. (numerator for diluted EPS)	(9,233		)	99,623			58,273			258,293
Less: Preference stock dividend	(13		)	(13		)	(23		)	(26		)
(Loss) income attributable to common stockholders (numerator for basic EPS)	$	(9,246	)	$	99,610		$	58,250		$	258,267
Denominator (in thousands):
Weighted-average shares used in basic EPS	201,567			200,252			201,342			200,091
Effect of dilutive shares:
Preferred stock	2			2			2			2
Preference stock	387			398			390			399
Stock plans	847			459			646			407
Weighted-average shares used in diluted EPS	202,803			201,111			202,380			200,899
Basic earnings per share:
Continuing operations	$	0.05		$	0.52		$	0.41		$	1.22
Discontinued operations	(0.10		)	(0.02		)	(0.12		)	0.07
Net (loss) income	$	(0.05	)	$	0.50		$	0.29		$	1.29
Diluted earnings per share:
Continuing operations	$	0.05		$	0.51		$	0.41		$	1.21
Discontinued operations	(0.10		)	(0.02		)	(0.12		)	0.07
Net (loss) income	$	(0.05	)	$	0.50		$	0.29		$	1.29
Anti-dilutive shares not used in calculating diluted weighted-average shares (in thousands):	12,673			13,737			12,881			14,517

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Fair Value Measurements and Derivative Instruments (Details) (USD $)	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013 Fair Value, Inputs, Level 1 [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2013 Fair Value, Inputs, Level 2 [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2013 Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2012 Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2013 Total Level [Member]	Dec. 31, 2012 Total Level [Member]	Jun. 30, 2013 Carrying (Reported) Amount, Fair Value Disclosure [Member]	Dec. 31, 2012 Carrying (Reported) Amount, Fair Value Disclosure [Member]	Jun. 30, 2013 Portion at Fair Value, Fair Value Disclosure [Member]	Dec. 31, 2012 Portion at Fair Value, Fair Value Disclosure [Member]	Jun. 30, 2013 Money Market Funds [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2013 Money Market Funds [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2013 Money Market Funds [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2013 Money Market Funds [Member] Total Level [Member]	Jun. 30, 2013 Equity Securities [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2013 Equity Securities [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2013 Equity Securities [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2013 Equity Securities [Member] Total Level [Member]	Jun. 30, 2013 Fixed Income Securities [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2013 Fixed Income Securities [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2013 Fixed Income Securities [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2013 Fixed Income Securities [Member] Total Level [Member]	Jun. 30, 2013 US Treasury and Government [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2013 US Treasury and Government [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2013 US Treasury and Government [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2013 US Treasury and Government [Member] Total Level [Member]	Jun. 30, 2013 Corporate Debt Securities [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2013 Corporate Debt Securities [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2013 Corporate Debt Securities [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2013 Corporate Debt Securities [Member] Total Level [Member]	Jun. 30, 2013 Collateralized Mortgage Backed Securities [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2013 Collateralized Mortgage Backed Securities [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2013 Collateralized Mortgage Backed Securities [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2013 Collateralized Mortgage Backed Securities [Member] Total Level [Member]	Jun. 30, 2013 Interest Rate Swap [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2013 Interest Rate Swap [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2013 Interest Rate Swap [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2013 Interest Rate Swap [Member] Total Level [Member]	Jun. 30, 2013 Foreign Exchange Contract [Member] Fair Value, Inputs, Level 1 [Member]	Jun. 30, 2013 Foreign Exchange Contract [Member] Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2013 Foreign Exchange Contract [Member] Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2013 Foreign Exchange Contract [Member] Total Level [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Document Period End Date	Jun. 30, 2013
Derivative Asset, Fair Value, Net	$ 1,000,000
Assets, Fair Value Disclosure		321,067,000		340,048,000		0		661,115,000						209,007,000	34,398,000	0	243,405,000	0	25,682,000	0	25,682,000	0	27,487,000	0	27,487,000	112,060,000	22,758,000	0	134,818,000	0	40,849,000	0	40,849,000	0	179,097,000	0	179,097,000	0	3,230,000	0	3,230,000	0	6,547,000	0	6,547,000
Liabilities, Fair Value Disclosure		0		(3,306,000)		0		(3,306,000)																																		0	(3,306,000)	0	(3,306,000)
Money market funds / commercial paper			581,648,000		34,369,000		0		616,017,000
Equity securities			0		25,106,000		0		25,106,000
Commingled fixed income securities			0		29,359,000		0		29,359,000
Debt securities - U.S. and foreign governments, agencies and municipalities			124,221,000		18,908,000		0		143,129,000
Debt securities - corporate			0		43,926,000		0		43,926,000
Mortgage-back / asset-back securities			0		162,375,000		0		162,375,000
Interest rate swaps			0		10,117,000		0		10,117,000
Foreign exchange contracts			0		2,582,000		0		2,582,000
Total assets			705,869,000		326,742,000		0		1,032,611,000
Foreign exchange contracts			0		(1,174,000)		0		(1,174,000)
Total liabilities			0		(1,174,000)		0		(1,174,000)
Long-term debt										$ (3,654,032,000)	$ (4,017,375,000)	$ (3,826,593,000)	$ (4,200,970,000)

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Noncontrolling Interests (Preferred Stockholders' Equity in Subsidiaries) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2013	Dec. 31, 2012
Noncontrolling Interest [Line Items]
Preferred Stock, Value, Issued	$ 4	$ 4	$ 4
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	25.00%	25.00%
Noncontrolling Interest, Ownership Percentage by Parent	75.00%	75.00%
Preferred Stock, Dividend Rate, Percentage	4.00%		4.00%
Document Period End Date		Jun. 30, 2013
Redeemable Preferred Stock Member
Noncontrolling Interest [Line Items]
Shares, Outstanding	300,000	300,000
Preferred Stock, Value, Issued	$ 300,000	$ 300,000
Preferred Stock, Dividend Rate, Percentage	6.125%
Preferred stock-perpetual voting, dividend increase percentage each interval once shares become callable	50.00%

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Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2013

Jun. 30, 2012

Stockholders' Equity Note [Abstract]

Schedule of Stockholders Equity

	Preferred stock		Preference stock			Common stock		Additional paid-in capital			Retained earnings			Accumulated other comprehensive loss			Treasury stock			Total equity
Balance at January 1, 2013	$	4	$	648		$	323,338	$	223,847		$	4,744,802		$	(681,213	)	$	(4,500,795	)	$	110,631
Net income	—		—			—		—			58,273			—			—			58,273
Other comprehensive income	—		—			—		—			—			(42,310		)	—			(42,310		)
Cash dividends
Common ($0.5625 per share)	—		—			—		—			(113,083		)	—			—			(113,083		)
Preference	—		—			—		—			(23		)	—			—			(23		)
Issuances of common stock	—		—			—		(31,532		)	—			—			33,144			1,612
Conversions to common stock	—		(35		)	—		(618		)	—			—			653			—
Stock-based compensation expense	—		—			—		7,241			—			—			—			7,241
Balance at June 30, 2013	$	4	$	613		$	323,338	$	198,938		$	4,689,969		$	(723,523	)	$	(4,466,998	)	$	22,341

	Preferred stock		Preference stock			Common stock		Additional paid-in capital			Retained earnings			Accumulated other comprehensive loss			Treasury stock			Total equity
Balance at January 1, 2012	$	4	$	659		$	323,338	$	240,584		$	4,600,217		$	(661,645	)	$	(4,542,143	)	$	(38,986	)
Net income	—		—			—		—			258,293			—			—			258,293
Other comprehensive income	—		—			—		—			—			3,987			—			3,987
Cash dividends
Common ($0.75 per share)	—		—			—		—			(149,999		)	—			—			(149,999		)
Preference	—		—			—		—			(26		)	—			—			(26		)
Issuances of common stock	—		—			—		(22,176		)	—			—			21,321			(855		)
Conversions to common stock	—		(6		)	—		(124		)	—			—			130			—
Stock-based compensation expense	—		—			—		8,852			—			—			—			8,852
Balance at June 30, 2012	$	4	$	653		$	323,338	$	227,136		$	4,708,485		$	(657,658	)	$	(4,520,692	)	$	81,266

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Restructuring Charges and Asset Impairments (Details) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013
Restructuring and Related Cost [Line Items]
Document Fiscal Year Focus		2013
Restructuring Costs [Abstract]
Restructuring Reserve, Beginning Balance		$ 67,758,000
Restructuring and Related Cost, Incurred Cost		19,955,000
Cash payments		(27,255,000)
Restructuring Reserve, Settled without Cash		(1,964,000)
Restructuring Reserve, Ending Balance	58,494,000	58,494,000
Restructuring Charges	23,000,000
Restructuring Reserve, Accrual Adjustment	3,000,000
Other exit costs
Restructuring Costs [Abstract]
Restructuring Reserve, Beginning Balance		5,218,000
Restructuring and Related Cost, Incurred Cost		319,000
Cash payments		(2,100,000)
Restructuring Reserve, Settled without Cash		0
Restructuring Reserve, Ending Balance	3,437,000	3,437,000
Severance and benefits costs
Restructuring Costs [Abstract]
Restructuring Reserve, Beginning Balance		62,540,000
Restructuring and Related Cost, Incurred Cost		17,672,000
Cash payments		(25,155,000)
Restructuring Reserve, Settled without Cash		0
Restructuring Reserve, Ending Balance	55,057,000	55,057,000
Other Restructuring [Member]
Restructuring Costs [Abstract]
Restructuring Reserve, Beginning Balance		0
Restructuring and Related Cost, Incurred Cost		1,964,000
Cash payments		0
Restructuring Reserve, Settled without Cash		(1,964,000)
Restructuring Reserve, Ending Balance	0	0
Maximum [Member]
Restructuring Costs [Abstract]
Restructuring and Related Cost, Expected Cost	125,000,000
Minimum [Member]
Restructuring Costs [Abstract]
Restructuring and Related Cost, Expected Cost	$ 75,000,000

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Finance Assets (Tables)

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

Financing Receivables [Table Text Block]

Finance receivables consisted of the following:

	June 30, 2013
	North America			International			Total
Sales-type lease receivables
Gross finance receivables	$	1,494,818		$	427,386		$	1,922,204
Unguaranteed residual values	132,817			20,202			153,019
Unearned income	(302,533		)	(97,076		)	(399,609		)
Allowance for credit losses	(15,604		)	(7,178		)	(22,782		)
Net investment in sales-type lease receivables	1,309,498			343,334			1,652,832
Loan receivables
Loan receivables	395,292			48,369			443,661
Allowance for credit losses	(11,559		)	(1,760		)	(13,319		)
Net investment in loan receivables	383,733			46,609			430,342
Net investment in finance receivables	$	1,693,231		$	389,943		$	2,083,174
	December 31, 2012
	North America			International			Total
Sales-type lease receivables
Gross finance receivables	$	1,581,711		$	461,510		$	2,043,221
Unguaranteed residual values	148,664			21,025			169,689
Unearned income	(316,030		)	(104,258		)	(420,288		)
Allowance for credit losses	(16,979		)	(8,662		)	(25,641		)
Net investment in sales-type lease receivables	1,397,366			369,615			1,766,981
Loan receivables
Loan receivables	414,960			47,293			462,253
Allowance for credit losses	(12,322		)	(2,131		)	(14,453		)
Net investment in loan receivables	402,638			45,162			447,800
Net investment in finance receivables	$	1,800,004		$	414,777		$	2,214,781

Allowance for Credit Losses on Financing Receivables [Table Text Block]

Activity in the allowance for credit losses for finance receivables for the six months ended June 30, 2013 and 2012 was as follows:

	Sales-type Lease Receivables						Loan Receivables
	North America			International			North America			International			Total
Balance at January 1, 2013	$	16,979		$	8,662		$	12,322		$	2,131		$	40,094
Amounts charged to expense	3,022			784			4,625			524			8,955
Accounts written off	(4,397		)	(2,268		)	(5,388		)	(895		)	(12,948		)
Balance at June 30, 2013	$	15,604		$	7,178		$	11,559		$	1,760		$	36,101
	Sales-type Lease Receivables						Loan Receivables
	North America			International			North America			International			Total
Balance at January 1, 2012	$	28,661		$	12,039		$	20,272		$	2,458		$	63,430
Amounts charged to expense	288			53			2,284			422			3,047
Accounts written off	(5,068		)	(3,051		)	(6,026		)	(591		)	(14,736		)
Balance at June 30, 2012	$	23,881		$	9,041		$	16,530		$	2,289		$	51,741

Past Due Financing Receivables [Table Text Block]

The aging of gross finance receivables at June 30, 2013 and December 31, 2012 was as follows:

	June 30, 2013
	Sales-type Lease Receivables				Loan Receivables
	North America		International		North America		International		Total
< 31 days	$	1,421,203	$	398,398	$	377,122	$	46,341	$	2,243,064
> 30 days and < 61 days	31,153		8,074		10,826		1,390		51,443
> 60 days and < 91 days	20,903		5,304		3,071		295		29,573
> 90 days and < 121 days	6,159		4,310		1,760		197		12,426
> 120 days	15,400		11,300		2,513		146		29,359
Total	$	1,494,818	$	427,386	$	395,292	$	48,369	$	2,365,865
Past due amounts > 90 days
Still accruing interest	$	6,159	$	4,310	$	—	$	—	$	10,469
Not accruing interest	15,400		11,300		4,273		343		31,316
Total	$	21,559	$	15,610	$	4,273	$	343	$	41,785

	December 31, 2012
	Sales-type Lease Receivables				Loan Receivables
	North America		International		North America		International		Total
< 31 days	$	1,497,797	$	435,780	$	392,108	$	45,324	$	2,371,009
> 30 days and < 61 days	37,348		9,994		12,666		1,368		61,376
> 60 days and < 91 days	24,059		5,198		4,577		285		34,119
> 90 days and < 121 days	6,665		3,327		2,319		179		12,490
> 120 days	15,842		7,211		3,290		137		26,480
Total	$	1,581,711	$	461,510	$	414,960	$	47,293	$	2,505,474
Past due amounts > 90 days
Still accruing interest	$	6,665	$	3,327	$	—	$	—	$	9,992
Not accruing interest	15,842		7,211		5,609		316		28,978
Total	$	22,507	$	10,538	$	5,609	$	316	$	38,970

Financing Receivable Credit Quality Indicators [Table Text Block]

	June 30, 2013		December 31, 2012
Sales-type lease receivables
Low	$	1,145,454	$	1,016,413
Medium	235,243		450,432
High	59,112		43,658
Not Scored	55,009		71,208
Total	$	1,494,818	$	1,581,711
Loan receivables
Low	$	287,172	$	254,567
Medium	90,956		136,069
High	12,426		14,624
Not Scored	4,738		9,700
Total	$	395,292	$	414,960

Schedule of Components of Leveraged Lease Investments [Table Text Block]

Our investment in leveraged lease assets at June 30, 2013 and December 31, 2012 consisted of the following:

	June 30, 2013			December 31, 2012
Rental receivables	$	70,585		$	83,254
Unguaranteed residual values	13,371			14,177
Principal and interest on non-recourse loans	(44,033		)	(55,092		)
Unearned income	(6,317		)	(7,793		)
Investment in leveraged leases	33,606			34,546
Less: deferred taxes related to leveraged leases	(16,754		)	(19,372		)
Net investment in leveraged leases	$	16,852		$	15,174

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Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Statement of Financial Position [Abstract]
Allowance for Doubtful Accounts Receivable	$ 15,528	$ 20,219
Allowance for Notes, Loans and Financing Receivable, Current	26,277	25,484
Allowance for Notes, Loans and Financing Receivable, Noncurrent	$ 9,824	$ 14,610
Preferred stock par value	$ 50	$ 50
Preferred stock dividend rate, per-dollar dividend	4.00%	4.00%
Preference Stock No Par Value
Preference stock dividend rate, in dollars per share	$ 2.12	$ 2.12
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	480,000,000	480,000,000
Common stock, shares issued	323,337,912	323,337,912
Treasury stock, shares	121,534,452,000	122,453,865,000

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Segment Information

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

We conduct our business activities in seven reporting segments within two business groups, Small & Medium Business Solutions and Enterprise Business Solutions. The principal products and services of each of our reporting segments are as follows:

Small & Medium Business Solutions:

North America Mailing: Includes the U.S. and Canadian revenue and related expenses from the sale, rental and financing of our mail finishing, mail creation, shipping equipment and software; supplies; support and other professional services; and payment solutions.

International Mailing: Includes the revenue and related expenses from the sale, rental and financing of our mail finishing, mail creation, shipping equipment and software; supplies; support and other professional services; and payment solutions outside North America.

Enterprise Business Solutions:

Production Mail: Includes the worldwide revenue and related expenses from the sale, support and other professional services of our high-speed, production mail systems, sorting and production print equipment and related software.

Software: Includes the worldwide revenue and related expenses from the sale and support services of non-equipment-based mailing, client relationship, and communication and location intelligence software.

Management Services: Includes primarily the U.S. and Canadian revenue and related expenses from facilities management services; secure mail services; reprographic, document management services; print outsourcing services; and litigation support and eDiscovery services.

Mail Services: Includes worldwide revenue and related expenses from presort mail services and cross-border ecommerce solutions.

Marketing Services: Includes revenue and related expenses from direct marketing services for targeted clients.

Segment earnings before interest and taxes (EBIT), a non-GAAP measure, is determined by deducting from segment revenue the related costs and expenses attributable to the segment. Segment EBIT excludes interest, taxes, general corporate expenses, restructuring charges and impairment charges, which are not allocated to a particular business segment. Management uses segment EBIT to measure profitability and performance at the segment level. Management presents segment EBIT because it believes segment EBIT provides investors with an analysis of the company's operating performance and underlying trends of the businesses. Segment EBIT may not be indicative of our overall consolidated performance and therefore, should be read in conjunction with our condensed consolidated results of operations.

Prior period segment information in the tables below have been revised to reflect the International Management Services (PBMSi) business and International Mailing Services (IMS) operations as discontinued operations (see Note 4).

Revenue and EBIT by business segment was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Revenue:
North America Mailing	$	432,889	$	453,484	$	863,264	$	914,789
International Mailing	164,556		165,480		332,011		333,494
Small & Medium Business Solutions	597,445		618,964		1,195,275		1,248,283
Production Mail	144,986		123,067		263,788		238,083
Software	92,242		99,874		172,963		200,201
Management Services	174,708		180,562		351,278		360,702
Mail Services	119,058		108,045		237,913		222,681
Marketing Services	29,768		35,845		55,260		66,053
Enterprise Business Solutions	560,762		547,393		1,081,202		1,087,720
Total revenue	$	1,158,207	$	1,166,357	$	2,276,477	$	2,336,003

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
EBIT:
North America Mailing	$	166,363		$	167,870		$	320,868		$	346,041
International Mailing	19,285			21,758			37,034			41,755
Small & Medium Business Solutions	185,648			189,628			357,902			387,796
Production Mail	13,617			5,594			16,672			8,373
Software	15,729			8,487			20,619			19,179
Management Services	14,735			14,222			29,097			26,210
Mail Services	15,484			28,464			34,833			62,709
Marketing Services	4,181			7,503			6,167			12,320
Enterprise Business Solutions	63,746			64,270			107,388			128,791
Total EBIT	249,394			253,898			465,290			516,587
Reconciling items:
Interest, net (1)	(49,843		)	(48,992		)	(98,709		)	(97,765		)
Unallocated corporate and other expenses	(51,221		)	(44,349		)	(114,723		)	(98,561		)
Restructuring charges and asset impairments	(19,955		)	585			(19,955		)	585
Goodwill impairment	(97,787		)	—			(97,787		)	—
Income from continuing operations before income taxes	$	30,588		$	161,142		$	134,116		$	320,846

(1) Includes financing interest expense, other interest expense and interest income.

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Fair Value Measurements and Derivative Instruments

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Derivatives and Fair Value [Text Block]

Fair Value Measurements and Derivative Instruments

We measure certain financial assets and liabilities at fair value on a recurring basis. Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. An entity is required to classify certain assets and liabilities measured at fair value based on the following fair value hierarchy that prioritizes the inputs used to measure fair value:

Level 1 – Unadjusted quoted prices in active markets for identical assets and liabilities.

Level 2 – Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Unobservable inputs that are supported by little or no market activity, may be derived from internally developed methodologies based on management’s best estimate of fair value and that are significant to the fair value of the asset or liability.

The following tables show, by level within the fair value hierarchy, our financial assets and liabilities that are accounted for at fair value on a recurring basis at June 30, 2013 and December 31, 2012. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement requires judgment and may affect their placement within the fair value hierarchy.

	June 30, 2013
	Level 1		Level 2			Level 3		Total
Assets:
Investment securities
Money market funds / commercial paper	$	209,007	$	34,398		$	—	$	243,405
Equity securities	—		25,682			—		25,682
Commingled fixed income securities	—		27,487			—		27,487
Debt securities - U.S. and foreign governments, agencies and municipalities	112,060		22,758			—		134,818
Debt securities - corporate	—		40,849			—		40,849
Mortgage-backed / asset-backed securities	—		179,097			—		179,097
Derivatives
Interest rate swaps	—		3,230			—		3,230
Foreign exchange contracts	—		6,547			—		6,547
Total assets	$	321,067	$	340,048		$	—	$	661,115
Liabilities:
Derivatives
Foreign exchange contracts	$	—	$	(3,306	)	$	—	$	(3,306	)
Total liabilities	$	—	$	(3,306	)	$	—	$	(3,306	)

	December 31, 2012
	Level 1		Level 2			Level 3		Total
Assets:
Investment securities
Money market funds / commercial paper	$	581,648	$	34,369		$	—	$	616,017
Equity securities	—		25,106			—		25,106
Commingled fixed income securities	—		29,359			—		29,359
Debt securities - U.S. and foreign governments, agencies and municipalities	124,221		18,908			—		143,129
Debt securities - corporate	—		43,926			—		43,926
Mortgage-backed / asset-backed securities	—		162,375			—		162,375
Derivatives
Interest rate swaps	—		10,117			—		10,117
Foreign exchange contracts	—		2,582			—		2,582
Total assets	$	705,869	$	326,742		$	—	$	1,032,611
Liabilities:
Derivatives
Foreign exchange contracts	$	—	$	(1,174	)	$	—	$	(1,174	)
Total liabilities	$	—	$	(1,174	)	$	—	$	(1,174	)

Investment Securities

The valuation of investment securities is based on the market approach using inputs that are observable, or can be corroborated by observable data, in an active marketplace. The following information relates to our classification into the fair value hierarchy:

• Money Market Funds / Commercial Paper: Money market funds typically invest in government securities, certificates of deposit, commercial paper and other highly liquid, low-risk securities. Money market funds are principally used for overnight deposits and are classified as Level 1 when unadjusted quoted prices in active markets are available and as Level 2 when they are not actively traded on an exchange. Direct investments in commercial paper are not listed on an exchange in an active market and are classified as Level 2.

• Equity Securities: Equity securities are comprised of mutual funds investing in U.S. and foreign common stock. These mutual funds are classified as Level 2 as they are not separately listed on an exchange.

• Commingled Fixed Income Securities: Mutual funds that invest in a variety of fixed income securities including securities of the U.S. government and its agencies, corporate debt, mortgage-backed securities and asset-backed securities. The value of the funds is based on the market value of the underlying investments owned by each fund, minus its liabilities, divided by the number of shares outstanding, as reported by the fund manager. These commingled funds are not listed on an exchange in an active market and are classified as Level 2.

• Debt Securities – U.S. and Foreign Governments, Agencies and Municipalities: Debt securities are classified as Level 1 where active, high volume trades for identical securities exist. Valuation adjustments are not applied to these securities. Debt securities valued using quoted market prices for similar securities or benchmarking model derived prices to quoted market prices and trade data for identical or comparable securities are classified as Level 2.

• Debt Securities – Corporate: Corporate debt securities are valued using recently executed transactions, market price quotations where observable, or bond spreads. The spread data used are for the same maturity as the security. These securities are classified as Level 2.

• Mortgage-Backed Securities (MBS) / Asset-Backed Securities (ABS): These securities are valued based on external pricing indices. When external index pricing is not observable, MBS and ABS are valued based on external price/spread data. These securities are classified as Level 2.

Investment securities include investments held by The Pitney Bowes Bank (the Bank), an indirect wholly owned subsidiary whose primary business is to provide financing solutions to clients that rent or lease postage meters. The Bank's key product offering, Purchase Power, is a revolving credit solution, which enables clients to finance their postage costs when they refill their meter. The Bank also provides a deposit solution to those clients that prefer to prepay postage and earn interest on their deposits. When a client refills their postage meter, the funds are withdrawn from the savings account to pay for the postage. The Bank's assets and liabilities consist primarily of cash, finance receivables, short and long-term investments and deposit accounts.

The Bank's investment securities are classified as available-for-sale and recorded at fair value on the Condensed Consolidated Balance Sheets as cash and cash equivalents, short-term investments and other assets depending on the type of investment and maturity. Unrealized holding gains and losses are recorded, net of tax, in accumulated other comprehensive income.

Available-for-sale securities at June 30, 2013 and December 31, 2012 consisted of the following:

	June 30, 2013
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Estimated fair value
Money market funds / commercial paper	$	26,616	$	—	$	(6	)	$	26,610
Debt securities - U.S. and foreign governments, agencies and municipalities	116,570		2,045		(3,773		)	114,842
Debt securities - corporate	39,793		1,505		(449		)	40,849
Mortgage-backed / asset-backed securities	179,016		2,163		(2,082		)	179,097
Total	$	361,995	$	5,713	$	(6,310	)	$	361,398

	December 31, 2012
	Amortized cost		Gross unrealized gains		Gross unrealized losses			Estimated fair value
Money market funds / commercial paper	$	44,611	$	53	$	—		$	44,664
Debt securities - U.S. and foreign governments, agencies and municipalities	127,807		3,972		(56		)	131,723
Debt securities - corporate	41,095		2,851		(20		)	43,926
Mortgage-backed / asset-backed securities	162,180		3,340		(3,145		)	162,375
Total	$	375,693	$	10,216	$	(3,221	)	$	382,688

Scheduled maturities of investment securities at June 30, 2013 were as follows:

	Amortized cost		Estimated fair value
Within 1 year	$	54,032	$	54,085
After 1 year through 5 years	38,948		40,028
After 5 years through 10 years	83,026		81,492
After 10 years	185,989		185,793
Total	$	361,995	$	361,398

We have not experienced any significant write-offs in our investment portfolio. The majority of our MBS are either guaranteed or supported by the U.S. government. We have no investments in inactive markets that would warrant a possible change in our pricing methods or classification within the fair value hierarchy. Further, we have no investments in auction rate securities.

Derivative Instruments

In the normal course of business, we are exposed to the impact of interest rate changes and foreign currency fluctuations. We limit these risks by following established risk management policies and procedures, including the use of derivatives. We use derivatives to manage the related cost of debt and to limit the effects of foreign exchange rate fluctuations on financial results. We do not use derivatives for trading or speculative purposes. We record our derivative instruments at fair value, and the accounting for changes in the fair value of the derivatives depends on the intended use of the derivative, the resulting designation, and the effectiveness of the instrument in offsetting the risk exposure it is designed to hedge.

As required by the fair value measurements guidance, we have incorporated counterparty credit risk and our credit risk into the fair value measurement of our derivative assets and liabilities, respectively. We derive credit risk from observable data related to credit default swaps. We have not seen a material change in the creditworthiness of those banks acting as derivative counterparties.

The valuation of our interest rate swaps is based on the income approach using a model with inputs that are observable or that can be derived from or corroborated by observable market data. The valuation of our foreign exchange derivatives is based on the market approach using observable market inputs, such as forward rates.

The fair value of our derivative instruments at June 30, 2013 and December 31, 2012 was as follows:

Designation of Derivatives	Balance Sheet Location	June 30, 2013			December 31, 2012
Derivatives designated as hedging instruments	Other current assets and prepayments:
	Foreign exchange contracts	$	455		$	78
	Other assets:
	Interest rate swaps	3,230			10,117
	Accounts payable and accrued liabilities:
	Foreign exchange contracts	(238		)	(320		)
Derivatives not designated as hedging instruments	Other current assets and prepayments:
	Foreign exchange contracts	6,092			2,504
	Accounts payable and accrued liabilities:
	Foreign exchange contracts	(3,068		)	(854		)
	Total derivative assets	$	9,777		$	12,699
	Total derivative liabilities	(3,306		)	(1,174		)
	Total net derivative assets	$	6,471		$	11,525

Interest Rate Swaps

Derivatives designated as fair value hedges include interest rate swaps related to fixed rate debt. Changes in the fair value of both the derivative and item being hedged are recognized in earnings. The following represents the results of fair value hedging relationships for the three and six months ended June 30,2013 and 2012:

		Three Months Ended June 30,
		Derivative Gain Recognized in Earnings				Hedged Item Expense Recognized in Earnings
Derivative Instrument	Location of Gain (Loss)	2013		2012		2013			2012
Interest rate swaps	Interest expense	$	774	$	3,446	$	(2,742	)	$	(10,059	)
		Six Months Ended June 30,
		Derivative Gain Recognized in Earnings				Hedged Item Expense Recognized in Earnings
Derivative Instrument	Location of Gain (Loss)	2013		2012		2013			2012
Interest rate swaps	Interest expense	$	2,768	$	6,773	$	(8,227	)	$	(20,168	)

Foreign Exchange Contracts

We enter into foreign currency exchange contracts to mitigate the currency risk associated with the anticipated purchase of inventory between affiliates and from third parties. These contracts are designated as cash flow hedges. The effective portion of the gain or loss on cash flow hedges is included in AOCI in the period that the change in fair value occurs and is reclassified to earnings in the period that the hedged item is recorded in earnings. At June 30, 2013 and December 31, 2012, we had outstanding contracts associated with these anticipated transactions with a notional amount of $30 million and $25 million, respectively. The value of these contracts at June 30, 2013 and December 31, 2012 was less than $1 million.

The amounts included in AOCI at June 30, 2013 will be recognized in earnings within the next 12 months. No amount of ineffectiveness was recorded in earnings for these designated cash flow hedges.

The following represents the results of cash flow hedging relationships for the three and six months ended June 30,2013 and 2012:

	Three Months Ended June 30,
	Derivative Gain (Loss) Recognized in AOCI (Effective Portion)					Location of Gain (Loss) (Effective Portion)	Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)
Derivative Instrument	2013		2012				2013			2012
Foreign exchange contracts	$	170	$	(150	)	Revenue	$	(371	)	$	473
						Cost of sales	286			(7		)
							$	(85	)	$	466
	Six Months Ended June 30,
	Derivative Gain (Loss) Recognized in AOCI (Effective Portion)					Location of Gain (Loss) (Effective Portion)	Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)
Derivative Instrument	2013		2012				2013			2012
Foreign exchange contracts	$	800	$	(809	)	Revenue	$	(753	)	$	774
						Cost of sales	412			(73		)
							$	(341	)	$	701

We also enter into foreign exchange contracts to minimize the impact of exchange rate fluctuations on short-term intercompany loans and related interest that are denominated in a foreign currency. The revaluation of the intercompany loans and interest and the mark-to-market adjustment on the derivatives are both recorded in earnings. Outstanding foreign exchange contracts to buy or sell various currencies had a net asset value of $3 million at June 30, 2013 and $2 million at December 31, 2012. All outstanding contracts at June 30, 2013 mature by the end of the year.

The following represents the results of our non-designated derivative instruments for the three and six months ended June 30,2013 and 2012:

		Three Months Ended June 30,
		Derivative Gain (Loss) Recognized in Earnings
Derivatives Instrument	Location of Derivative Gain (Loss)	2013			2012
Foreign exchange contracts	Selling, general and administrative expense	$	(1,644	)	$	1,157
		Six Months Ended June 30,
		Derivative Gain (Loss) Recognized in Earnings
Derivatives Instrument	Location of Derivative Gain (Loss)	2013			2012
Foreign exchange contracts	Selling, general and administrative expense	$	(5,995	)	$	(3,067	)

Credit-Risk-Related Contingent Features

Certain derivative instruments contain credit-risk-related contingent features that would require us to post collateral based on a combination of our long-term senior unsecured debt ratings and the net fair value of our derivatives. At June 30, 2013, we were not required to post any collateral. The maximum amount of collateral that we would have been required to post at June 30, 2013, had the credit-risk-related contingent features been triggered, was less than $1 million.

Fair Value of Financial Instruments

Our financial instruments include cash and cash equivalents, investment securities, accounts receivable, loan receivables, derivative instruments, accounts payable and debt. The carrying value for cash and cash equivalents, accounts receivable, loans receivable, and accounts payable approximate fair value because of the short maturity of these instruments.

The fair value of our debt is estimated based on recently executed transactions and market price quotations.  We classify our debt as Level 2 in the fair value hierarchy. The carrying value and estimated fair value of our debt at June 30, 2013 and December 31, 2012 was as follows:

	June 30, 2013		December 31, 2012
Carrying value	$	3,654,032	$	4,017,375
Fair value	$	3,826,593	$	4,200,970

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Finance Assets

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

Finance Assets

Finance Assets

Finance Receivables

Finance receivables are comprised of sales-type lease receivables and unsecured revolving loan receivables. Sales-type lease receivables are generally due in monthly, quarterly or semi-annual installments over periods ranging from three to five years. Loan receivables arise primarily from financing services offered to our customers for postage and related supplies. Loan receivables are generally due each month; however, customers may rollover outstanding balances.

Finance receivables consisted of the following:

	June 30, 2013
	North America			International			Total
Sales-type lease receivables
Gross finance receivables	$	1,494,818		$	427,386		$	1,922,204
Unguaranteed residual values	132,817			20,202			153,019
Unearned income	(302,533		)	(97,076		)	(399,609		)
Allowance for credit losses	(15,604		)	(7,178		)	(22,782		)
Net investment in sales-type lease receivables	1,309,498			343,334			1,652,832
Loan receivables
Loan receivables	395,292			48,369			443,661
Allowance for credit losses	(11,559		)	(1,760		)	(13,319		)
Net investment in loan receivables	383,733			46,609			430,342
Net investment in finance receivables	$	1,693,231		$	389,943		$	2,083,174
	December 31, 2012
	North America			International			Total
Sales-type lease receivables
Gross finance receivables	$	1,581,711		$	461,510		$	2,043,221
Unguaranteed residual values	148,664			21,025			169,689
Unearned income	(316,030		)	(104,258		)	(420,288		)
Allowance for credit losses	(16,979		)	(8,662		)	(25,641		)
Net investment in sales-type lease receivables	1,397,366			369,615			1,766,981
Loan receivables
Loan receivables	414,960			47,293			462,253
Allowance for credit losses	(12,322		)	(2,131		)	(14,453		)
Net investment in loan receivables	402,638			45,162			447,800
Net investment in finance receivables	$	1,800,004		$	414,777		$	2,214,781

Allowance for Credit Losses and Aging of Receivables

We estimate our finance receivable risks and provide an allowance for credit losses accordingly. We evaluate the adequacy of the allowance for credit losses based on historical loss experience, the nature and volume of our portfolios, adverse situations that may affect a client's ability to pay, prevailing economic conditions and our ability to manage the collateral and make adjustments to the allowance as necessary. This evaluation is inherently subjective and actual results may differ significantly from estimated reserves.

We establish credit approval limits based on the credit quality of the client and the type of equipment financed. Our policy is to discontinue revenue recognition for lease receivables that are more than 120 days past due and for unsecured loan receivables that are more than 90 days past due. We resume revenue recognition when payments reduce the account balance aging to 60 days or less past due. Finance receivables deemed uncollectible are written off against the allowance after all collection efforts have been exhausted and management deems the account to be uncollectible. We believe that our finance receivable credit risk is limited because of our large number of clients, small account balances for most of our clients, and geographic and industry diversification.

Activity in the allowance for credit losses for finance receivables for the six months ended June 30, 2013 and 2012 was as follows:

	Sales-type Lease Receivables						Loan Receivables
	North America			International			North America			International			Total
Balance at January 1, 2013	$	16,979		$	8,662		$	12,322		$	2,131		$	40,094
Amounts charged to expense	3,022			784			4,625			524			8,955
Accounts written off	(4,397		)	(2,268		)	(5,388		)	(895		)	(12,948		)
Balance at June 30, 2013	$	15,604		$	7,178		$	11,559		$	1,760		$	36,101
	Sales-type Lease Receivables						Loan Receivables
	North America			International			North America			International			Total
Balance at January 1, 2012	$	28,661		$	12,039		$	20,272		$	2,458		$	63,430
Amounts charged to expense	288			53			2,284			422			3,047
Accounts written off	(5,068		)	(3,051		)	(6,026		)	(591		)	(14,736		)
Balance at June 30, 2012	$	23,881		$	9,041		$	16,530		$	2,289		$	51,741

Aging of Receivables

The aging of gross finance receivables at June 30, 2013 and December 31, 2012 was as follows:

	June 30, 2013
	Sales-type Lease Receivables				Loan Receivables
	North America		International		North America		International		Total
< 31 days	$	1,421,203	$	398,398	$	377,122	$	46,341	$	2,243,064
> 30 days and < 61 days	31,153		8,074		10,826		1,390		51,443
> 60 days and < 91 days	20,903		5,304		3,071		295		29,573
> 90 days and < 121 days	6,159		4,310		1,760		197		12,426
> 120 days	15,400		11,300		2,513		146		29,359
Total	$	1,494,818	$	427,386	$	395,292	$	48,369	$	2,365,865
Past due amounts > 90 days
Still accruing interest	$	6,159	$	4,310	$	—	$	—	$	10,469
Not accruing interest	15,400		11,300		4,273		343		31,316
Total	$	21,559	$	15,610	$	4,273	$	343	$	41,785

	December 31, 2012
	Sales-type Lease Receivables				Loan Receivables
	North America		International		North America		International		Total
< 31 days	$	1,497,797	$	435,780	$	392,108	$	45,324	$	2,371,009
> 30 days and < 61 days	37,348		9,994		12,666		1,368		61,376
> 60 days and < 91 days	24,059		5,198		4,577		285		34,119
> 90 days and < 121 days	6,665		3,327		2,319		179		12,490
> 120 days	15,842		7,211		3,290		137		26,480
Total	$	1,581,711	$	461,510	$	414,960	$	47,293	$	2,505,474
Past due amounts > 90 days
Still accruing interest	$	6,665	$	3,327	$	—	$	—	$	9,992
Not accruing interest	15,842		7,211		5,609		316		28,978
Total	$	22,507	$	10,538	$	5,609	$	316	$	38,970

Credit Quality

The extension of credit and management of credit lines to new and existing clients uses a combination of an automated credit score, where available, and a detailed manual review of the client’s financial condition and, when applicable, payment history. Once credit is granted, the payment performance of the client is managed through automated collections processes and is supplemented with direct follow up should an account become delinquent. We have robust automated collections and extensive portfolio management processes. The portfolio management processes ensure that our global strategy is executed, collection resources are allocated appropriately and enhanced tools and processes are implemented as needed.

We use a third party to score the majority of the North America portfolio on a quarterly basis using a commercial credit score. We do not use a third party to score our International portfolios because the cost to do so is prohibitive, it is a localized process and there is no single credit score model that covers all countries.

The table below shows the North America portfolio at June 30, 2013 and December 31, 2012 by relative risk class (low, medium, high) based on the relative scores of the accounts within each class. The relative scores are determined based on a number of factors, including the company type, ownership structure, payment history and financial information. A fourth class is shown for accounts that are not scored. Absence of a score is not indicative of the credit quality of the account. The degree of risk, as defined by the third party, refers to the relative risk that an account in the next 12 month period may become delinquent.

• Low risk accounts are companies with very good credit scores and are considered to approximate the top 30% of all commercial borrowers.

• Medium risk accounts are companies with average to good credit scores and are considered to approximate the middle 40% of all commercial borrowers.

• High risk accounts are companies with poor credit scores, are delinquent or are at risk of becoming delinquent and are considered to approximate the bottom 30% of all commercial borrowers.

	June 30, 2013		December 31, 2012
Sales-type lease receivables
Low	$	1,145,454	$	1,016,413
Medium	235,243		450,432
High	59,112		43,658
Not Scored	55,009		71,208
Total	$	1,494,818	$	1,581,711
Loan receivables
Low	$	287,172	$	254,567
Medium	90,956		136,069
High	12,426		14,624
Not Scored	4,738		9,700
Total	$	395,292	$	414,960

Troubled Debt

We maintain a program for U.S. clients in our North America loan portfolio who are experiencing financial difficulties, but are able to make reduced payments over an extended period of time. Upon acceptance into the program, the client’s credit line is closed and interest accrual is suspended. There is generally no forgiveness of debt or reduction of balances owed. The balance of loans in this program, related loan loss allowance and write-offs are insignificant to the overall portfolio.

Leveraged Leases

Our investment in leveraged lease assets at June 30, 2013 and December 31, 2012 consisted of the following:

	June 30, 2013			December 31, 2012
Rental receivables	$	70,585		$	83,254
Unguaranteed residual values	13,371			14,177
Principal and interest on non-recourse loans	(44,033		)	(55,092		)
Unearned income	(6,317		)	(7,793		)
Investment in leveraged leases	33,606			34,546
Less: deferred taxes related to leveraged leases	(16,754		)	(19,372		)
Net investment in leveraged leases	$	16,852		$	15,174

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Fair Value Measurements and Derivative Instruments 2 (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Derivative [Line Items]
Document Period End Date			Jun. 30, 2013
Fair Value Asset Derivatives Designated Foreign Exchange Contracts	$ 455,000		$ 455,000		$ 78,000
Fair Value Asset Derivatives Designated Interest Rate Swaps	3,230,000		3,230,000		10,117,000
Fair Value Liability Derivatives Designated Foreign Exchange Contracts	(238,000)		(238,000)		(320,000)
Derivative Asset Not Designated As Hedging Instruments Fair Value	6,092,000		6,092,000		2,504,000
Derivative Liability Not Designated Foreign Exchange Contracts	(3,068,000)		(3,068,000)		(854,000)
Derivative Assets	9,777,000		9,777,000		12,699,000
Derivative Liabilities	(3,306,000)		(3,306,000)		(1,174,000)
Derivative Assets Liabilities At Fair Value Net	6,471,000		6,471,000		11,525,000
Derivative gain (loss) recognized in interest expense	774,000	3,446,000	2,768,000	6,773,000
Hedged item income (expense) recognized in interest expense	(2,742,000)	(10,059,000)	(8,227,000)	(20,168,000)
Total notional amount of outstanding contracts in cash flow hedging relationships	30,000,000		30,000,000		25,000,000
Derivative gain (loss) recognized in OCI for hedges recorded to revenue (effective portion)	170,000	(150,000)	800,000	(809,000)
Derivative gain (loss) reclassified from AOCI to income for hedges recorded to revenue (effective portion)	(371,000)	473,000	(753,000)	774,000
Derivative gain (loss) reclassified from AOCI to income for hedges recorded to cost of sales (effective portion)	286,000	(7,000)	412,000	(73,000)
Derivative gain (loss) reclassified from AOCI to income for hedges (effective portion)	(85,000)	466,000	(341,000)	701,000
Derivative gain (loss) recognized in income	(1,644,000)	1,157,000	(5,995,000)	(3,067,000)
Document Fiscal Year Focus			2013
Amount of collateral that would be required to be posted if our long-term senior unsecured debt ratings was to have fallen below BB-/Ba3	1,000,000		1,000,000
Foreign Exchange Contract Intercompany [Member]
Derivative [Line Items]
Foreign Currency Derivative Liabilities at Fair Value	$ 3,000,000		$ 3,000,000		$ 2,000,000

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Inventories (Tables)

6 Months Ended

Jun. 30, 2013

Inventory Disclosure [Abstract]

Inventory Components

Inventories consisted of the following:

	June 30, 2013			December 31, 2012
Raw materials and work in process	$	53,187		$	66,221
Supplies and service parts	65,478			72,551
Finished products	50,583			68,335
Inventory at FIFO cost	169,248			207,107
Excess of FIFO cost over LIFO cost	(28,187		)	(27,429		)
Total inventory, net	$	141,061		$	179,678

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AOCI (Tables)

6 Months Ended

Jun. 30, 2013

AOCI Compnents [Abstract]

Schedule of Accumulated Comprehensive Income [Table Text Block]

Changes in accumulated other comprehensive income (AOCI) for the six months ended June 30, 2013 and 2012 were as follows:

	Gains (losses) on cash flow hedges			Unrealized gains (losses) on available for sale securities			Defined benefit pension plans and nonpension postretirement benefit plans			Foreign currency items			Total
Balance at January 1, 2013	$	(7,777	)	$	4,513		$	(759,199	)	$	81,250		$	(681,213	)
Other comprehensive income (loss) before reclassifications (a)	73			(6,084		)	—			(62,317		)	(68,328		)
Amounts reclassified from accumulated other comprehensive income (a), (b), (c)	827			1,639			20,993			2,559			26,018
Net current period other comprehensive income	900			(4,445		)	20,993			(59,758		)	(42,310		)
Balance at June 30, 2013	$	(6,877	)	$	68		$	(738,206	)	$	21,492		$	(723,523	)

	Gains (losses) on cash flow hedges			Unrealized gains (losses) on available for sale securities		Defined benefit pension plans and nonpension postretirement benefit plans			Foreign currency items			Total
Balance at January 1, 2012	$	(8,438	)	$	4,387	$	(741,546	)	$	83,952		$	(661,645	)
Other comprehensive income (loss) before reclassifications (a)	362			78		—			(19,908		)	(19,468		)
Amounts reclassified from accumulated other comprehensive income (a), (b)	191			300		22,964			—			23,455
Net current period other comprehensive income	553			378		22,964			(19,908		)	3,987
Balance at June 30, 2012	$	(7,885	)	$	4,765	$	(718,582	)	$	64,044		$	(657,658	)

(a)     Amounts are net of tax. Amounts in parentheses indicate debits to AOCI.

(b)     See table above for additional details of these reclassifications.

(c) Foreign currency item amount represents the recognition of deferred translation upon the sale of the U.K. IMS business. Amount was reclassified from accumulated other comprehensive loss and recorded as discontinued operations in the Condensed Consolidated Statements of Income.

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Reclassifications out of accumulated other comprehensive income for the three and six months ended June 30,2013 and 2012 was as follows:

	Amount Reclassified from AOCI (a)
	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Gains (losses) on cash flow hedges
Revenue	$	(371	)	$	473		$	(753	)	$	774
Cost of sales	286			(7		)	412			(73		)
Interest expense	(507		)	(507		)	(1,014		)	(1,014		)
Total before tax	(592		)	(41		)	(1,355		)	(313		)
Tax benefit	231			17			528			122
Net of tax	$	(361	)	$	(24	)	$	(827	)	$	(191	)
Unrealized gains (losses) on available for sale securities
Interest income	$	10		$	(117	)	$	(2,602	)	$	(476	)
Tax benefit	(3		)	43			963			176
Net of tax	$	7		$	(74	)	$	(1,639	)	$	(300	)
Defined Benefit Pension Plans and Nonpension Postretirement Benefit Plans (b)
Transition credit	$	2		$	2		$	4		$	4
Prior service (costs) credit	(163		)	299			(361		)	589
Actuarial losses	(14,156		)	(18,347		)	(31,902		)	(37,524		)
Total before tax	(14,317		)	(18,046		)	(32,259		)	(36,931		)
Tax benefit	4,926			7,070			11,266			13,967
Net of tax	$	(9,391	)	$	(10,976	)	$	(20,993	)	$	(22,964	)

(a)     Amounts in parentheses indicate debits (reductions) to income.

(b) These items are included in the computation of net periodic costs of defined benefit pension plans and nonpension postretirement benefit plans (see Note 15 for additional details).

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Finance Assets (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Finance Leases And Loans Receivables [Line Items]
Document Period End Date	Jun. 30, 2013
Sales-type Lease Receivables
Gross finance receivables	$ 1,922,204		$ 2,043,221
Unguaranteed residual values	153,019		169,689
Unearned income	(399,609)		(420,288)
Allowance for credit losses	(22,782)		(25,641)
Net investment in sales-type lease receivables	1,652,832		1,766,981
Loan Receivables
Loan receivable	443,661		462,253
Allowance for credit losses	(13,319)		(14,453)
Loans Receivable, Net	430,342		447,800
Allowance for Loan and Lease Losses [Roll Forward]
Balance Beginning	40,094	63,430
Amounts charged to expense	8,955	3,047
Accounts written off	(12,948)	(14,736)
Balance Closing	36,101	51,741
Financing Receivable, Recorded Investment, Aging [Abstract]
Less than 31 days past due	2,243,064		2,371,009
Greater than 30 days and Less than 61 days	51,443		61,376
Greater than 60 days and Less than 91 days	29,573		34,119
Greater than 90 days and Less than 121 days	12,426		12,490
Greater than 120 days	29,359		26,480
Notes, Loans and Financing Receivable, Gross	2,365,865		2,505,474
Still accruing interest	10,469		9,992
Not accruing interest	31,316		28,978
TOTAL	41,785		38,970
Loans and Leases Receivable, Net Reported Amount	2,083,174		2,214,781
Risk Level, Low [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Approximate percentage of portfolio	30.00%
Risk Level, Medium [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Approximate percentage of portfolio	40.00%
Risk Level, High [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Approximate percentage of portfolio	30.00%
North America [Member]
Sales-type Lease Receivables
Net investment in sales-type lease receivables	1,309,498		1,397,366
Loan Receivables
Loans Receivable, Net	383,733		402,638
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans and Leases Receivable, Net Reported Amount	1,693,231		1,800,004
International [Member]
Sales-type Lease Receivables
Net investment in sales-type lease receivables	343,334		369,615
Loan Receivables
Loans Receivable, Net	46,609		45,162
Financing Receivable, Recorded Investment, Aging [Abstract]
Loans and Leases Receivable, Net Reported Amount	389,943		414,777
Sales-type Lease Receivables [Member]
Sales-type Lease Receivables
Gross finance receivables	1,494,818		1,581,711
Sales-type Lease Receivables [Member] | Risk Level, Low [Member]
Sales-type Lease Receivables
Gross finance receivables	1,145,454		1,016,413
Sales-type Lease Receivables [Member] | Risk Level, Medium [Member]
Sales-type Lease Receivables
Gross finance receivables	235,243		450,432
Sales-type Lease Receivables [Member] | Risk Level, High [Member]
Sales-type Lease Receivables
Gross finance receivables	59,112		43,658
Sales-type Lease Receivables [Member] | Not Scored [Member]
Sales-type Lease Receivables
Gross finance receivables	55,009		71,208
Sales-type Lease Receivables [Member] | North America [Member]
Sales-type Lease Receivables
Gross finance receivables	1,494,818		1,581,711
Unguaranteed residual values	132,817		148,664
Unearned income	(302,533)		(316,030)
Allowance for credit losses	(15,604)		(16,979)
Allowance for Loan and Lease Losses [Roll Forward]
Balance Beginning	16,979	28,661
Amounts charged to expense	3,022	288
Accounts written off	(4,397)	(5,068)
Balance Closing	15,604	23,881
Financing Receivable, Recorded Investment, Aging [Abstract]
Less than 31 days past due	1,421,203		1,497,797
Greater than 30 days and Less than 61 days	31,153		37,348
Greater than 60 days and Less than 91 days	20,903		24,059
Greater than 90 days and Less than 121 days	6,159		6,665
Greater than 120 days	15,400		15,842
Still accruing interest	6,159		6,665
Not accruing interest	15,400		15,842
TOTAL	21,559		22,507
Sales-type Lease Receivables [Member] | International [Member]
Sales-type Lease Receivables
Gross finance receivables	427,386		461,510
Unguaranteed residual values	20,202		21,025
Unearned income	(97,076)		(104,258)
Allowance for credit losses	(7,178)		(8,662)
Allowance for Loan and Lease Losses [Roll Forward]
Balance Beginning	8,662	12,039
Amounts charged to expense	784	53
Accounts written off	(2,268)	(3,051)
Balance Closing	7,178	9,041
Financing Receivable, Recorded Investment, Aging [Abstract]
Less than 31 days past due	398,398		435,780
Greater than 30 days and Less than 61 days	8,074		9,994
Greater than 60 days and Less than 91 days	5,304		5,198
Greater than 90 days and Less than 121 days	4,310		3,327
Greater than 120 days	11,300		7,211
Still accruing interest	4,310		3,327
Not accruing interest	11,300		7,211
TOTAL	15,610		10,538
Loan Receivables [Member]
Loan Receivables
Loan receivable	395,292		414,960
Loan Receivables [Member] | Risk Level, Low [Member]
Loan Receivables
Loan receivable	287,172		254,567
Loan Receivables [Member] | Risk Level, Medium [Member]
Loan Receivables
Loan receivable	90,956		136,069
Loan Receivables [Member] | Risk Level, High [Member]
Loan Receivables
Loan receivable	12,426		14,624
Loan Receivables [Member] | Not Scored [Member]
Loan Receivables
Loan receivable	4,738		9,700
Loan Receivables [Member] | North America [Member]
Loan Receivables
Loan receivable	395,292		414,960
Allowance for credit losses	(11,559)		(12,322)
Allowance for Loan and Lease Losses [Roll Forward]
Balance Beginning	12,322	20,272
Amounts charged to expense	4,625	2,284
Accounts written off	(5,388)	(6,026)
Balance Closing	11,559	16,530
Financing Receivable, Recorded Investment, Aging [Abstract]
Less than 31 days past due	377,122		392,108
Greater than 30 days and Less than 61 days	10,826		12,666
Greater than 60 days and Less than 91 days	3,071		4,577
Greater than 90 days and Less than 121 days	1,760		2,319
Greater than 120 days	2,513		3,290
Still accruing interest	0		0
Not accruing interest	4,273		5,609
TOTAL	4,273		5,609
Loan Receivables [Member] | International [Member]
Loan Receivables
Loan receivable	48,369		47,293
Allowance for credit losses	(1,760)		(2,131)
Allowance for Loan and Lease Losses [Roll Forward]
Balance Beginning	2,131	2,458
Amounts charged to expense	524	422
Accounts written off	(895)	(591)
Balance Closing	1,760	2,289
Financing Receivable, Recorded Investment, Aging [Abstract]
Less than 31 days past due	46,341		45,324
Greater than 30 days and Less than 61 days	1,390		1,368
Greater than 60 days and Less than 91 days	295		285
Greater than 90 days and Less than 121 days	197		179
Greater than 120 days	146		137
Still accruing interest	0		0
Not accruing interest	343		316
TOTAL	$ 343		$ 316

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Subsequent Event (Details) (USD $)	3 Months Ended		6 Months Ended			3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012	Jun. 30, 2013 Management Services - North America [Member]	Jun. 30, 2013 Management Services - North America [Member]	Dec. 31, 2012 Management Services [Member]
Subsequent Event [Line Items]
Proceeds from Divestiture of Businesses	$ 400,000,000
Subsequent Event, Disposition of Business, Transaction Costs	8,000,000
Revenues	1,158,207,000	1,166,357,000	2,276,477,000	2,336,003,000		351,000,000		921,000,000
Revenues, Percentage								19.00%
Net income - Pitney Bowes Inc.	(9,233,000)	99,623,000	58,273,000	258,293,000		22,000,000		37,000,000
Net Income, Percentage								8.00%
Subsequent Event, Amount, Lower Range							80,000,000
Subsequent Event, Amount, Higher Range							100,000,000
Assets	$ 7,133,202,000		$ 7,133,202,000		$ 7,859,891,000	$ 500,000,000	$ 500,000,000
Subsequent Event Per Share Lower Range							$ 0.40
Subsequent Event, Per Share, Higher Range							$ 0.50

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Stockholders' Equity (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended						6 Months Ended						6 Months Ended								6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013 Preferred Stock [Member]	Dec. 31, 2012 Preferred Stock [Member]	Jun. 30, 2012 Preferred Stock [Member]	Dec. 31, 2011 Preferred Stock [Member]	Jun. 30, 2013 Cumulative Preference Stock [Member]	Jun. 30, 2012 Cumulative Preference Stock [Member]	Jun. 30, 2013 Common Stock [Member]	Dec. 31, 2012 Common Stock [Member]	Jun. 30, 2012 Common Stock [Member]	Dec. 31, 2011 Common Stock [Member]	Jun. 30, 2013 Additional Paid-in Capital [Member]	Jun. 30, 2012 Additional Paid-in Capital [Member]	Jun. 30, 2013 Retained Earnings [Member]	Jun. 30, 2012 Retained Earnings [Member]	Jun. 30, 2013 Accumulated Other Comprehensive Income (Loss) [Member]	Dec. 31, 2012 Accumulated Other Comprehensive Income (Loss) [Member]	Jun. 30, 2012 Accumulated Other Comprehensive Income (Loss) [Member]	Dec. 31, 2011 Accumulated Other Comprehensive Income (Loss) [Member]	Jun. 30, 2013 Treasury Stock [Member]	Jun. 30, 2012 Treasury Stock [Member]
Schedule of Capitalization, Equity [Line Items]
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net (Gain) Loss Recognized in Net Periodic Benefit Cost, Net of Tax	$ 9,391	$ 10,976	$ 20,993	$ 22,964
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balances, beginning of period			110,631	(38,986)	4	4	4	4	648	659	323,338	323,338	323,338	323,338	223,847	240,584	4,744,802	4,600,217	(723,523)	(681,213)	(657,658)	(661,645)	(4,500,795)	(4,542,143)
Net income - Pitney Bowes Inc.	(9,233)	99,623	58,273	258,293													58,273	258,293
Other comprehensive income	(12,520)	(40,552)	(42,310)	3,987
Cash dividends
Common ($0.375 per share)			(113,083)	(149,999)													(113,083)	(149,999)
Preferred Stock Dividends, Income Statement Impact	(13)	(13)	(23)	(26)													(23)	(26)
Stock Issued During Period, Value, Treasury Stock Reissued			(1,612)	(855)											31,532	(22,176)							(33,144)	21,321
Conversions to common stock			0	0					(35)	(6)					(618)	(124)							653	130
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition			7,241	8,852											7,241	8,852
Balances, end of period	22,341	81,266	22,341	81,266	4	4	4	4	613	653	323,338	323,338	323,338	323,338	198,938	227,136	4,689,969	4,708,485	(723,523)	(681,213)	(657,658)	(661,645)	(4,466,998)	(4,520,692)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign currency translation adjustments	(17,554)	(53,267)	(59,758)	(19,908)
Net unrealized gain (loss) on investment securities	(4,719)	1,235	(4,445)	378
Other comprehensive income	$ (12,520)	$ (40,552)	$ (42,310)	$ 3,987

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Intangible Assets and Goodwill (Details) (USD $)	3 Months Ended		6 Months Ended														3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013 Customer Relationships [Member]	Dec. 31, 2012 Customer Relationships [Member]	Jun. 30, 2013 Supplier Relationships [Member]	Dec. 31, 2012 Supplier Relationships [Member]	Jun. 30, 2013 Software And Technology [Member]	Dec. 31, 2012 Software And Technology [Member]	Jun. 30, 2013 Trademark And Trade Name [Member]	Dec. 31, 2012 Trademark And Trade Name [Member]	Jun. 30, 2013 Noncompete Agreements [Member]	Dec. 31, 2012 Noncompete Agreements [Member]	Jun. 30, 2013 Total Intangible Assets [Member]	Dec. 31, 2012 Total Intangible Assets [Member]	Jun. 30, 2013 Management Services [Member]
Finite lived intangible assets
Finite lived intangible assets, gross					$ 403,542,000	$ 407,901,000	$ 29,000,000	$ 29,000,000	$ 167,598,000	$ 169,632,000	$ 34,582,000	$ 35,078,000	$ 7,288,000	$ 7,471,000	$ 642,010,000	$ 649,082,000
Finite lived intangible assets accumulated amortization					(281,707,000)	(269,100,000)	(23,563,000)	(22,113,000)	(153,294,000)	(151,628,000)	(32,748,000)	(32,615,000)	(7,247,000)	(7,412,000)	(498,559,000)	(482,868,000)
Finite lived intangible assets, net	143,451,000		143,451,000		121,835,000	138,801,000	5,437,000	6,887,000	14,304,000	18,004,000	1,834,000	2,463,000	41,000	59,000	143,451,000	166,214,000
Finite Lived Intangible Assets Amortization Expense	9,000,000	11,000,000	19,000,000	23,000,000
Document Period End Date			Jun. 30, 2013
Goodwill, Impairment Loss	$ 100,253,000																$ 100,253,000

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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Document Fiscal Year Focus			2013
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (4,639)	$ 104,217	$ 67,461	$ 267,481
Other comprehensive income, net of tax:
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	362	504	900	553
Net unrealized loss on investment securities, net of tax	(4,719)	1,235	(4,445)	378
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net (Gain) Loss Recognized in Net Periodic Benefit Cost, Net of Tax	9,391	10,976	20,993	22,964
Foreign currency translations	(17,554)	(53,267)	(59,758)	(19,908)
Other comprehensive income	(12,520)	(40,552)	(42,310)	3,987
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	(17,159)	63,665	25,151	271,468
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders	4,594	4,594	9,188	9,188
Comprehensive income - Pitney Bowes Inc.	$ (21,753)	$ 59,071	$ 15,963	$ 262,280

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Intangible Assets and Goodwill

6 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Intangible Assets and Goodwill

Intangible assets

Intangible assets consisted of the following:

	June 30, 2013							December 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	403,542	$	(281,707	)	$	121,835	$	407,901	$	(269,100	)	$	138,801
Supplier relationships	29,000		(23,563		)	5,437		29,000		(22,113		)	6,887
Software & technology	167,598		(153,294		)	14,304		169,632		(151,628		)	18,004
Trademarks & trade names	34,582		(32,748		)	1,834		35,078		(32,615		)	2,463
Non-compete agreements	7,288		(7,247		)	41		7,471		(7,412		)	59
Total intangible assets	$	642,010	$	(498,559	)	$	143,451	$	649,082	$	(482,868	)	$	166,214

Amortization expense for intangible assets was $9 million and $11 million for the three months ended June 30, 2013 and 2012, respectively, and $19 million and $23 million for the six months ended June 30, 2013 and 2012, respectively. The future amortization expense for intangible assets as of June 30, 2013 was as follows:

Remaining for year ended December 31, 2013	$	19,035
Year ended December 31, 2014	36,142
Year ended December 31, 2015	32,376
Year ended December 31, 2016	24,061
Year ended December 31, 2017	11,359
Thereafter	20,478
Total	$	143,451

Actual amortization expense may differ from the amounts above due to, among other things, fluctuations in foreign currency exchange rates, impairments, future acquisitions and accelerated amortization.

Goodwill

As a result of lower than expected first half operating performance due to the loss of certain customer contracts, pricing pressure on contract renewals and a longer than originally anticipated sales cycle for some of our new growth areas in our North America Management Services operations (PBMS NA), future cash flows were estimated to be lower than originally projected. Given these factors, management determined that it was more likely than not that the fair value of the PBMS NA reporting unit was below its respective book value and, accordingly, it was necessary to perform an interim goodwill impairment test as of June 30, 2013.

The fair value of PBMS NA was determined based on a combination of techniques, including external valuation data, the present value of future cash flows and applicable multiples of competitors. Based on our review, the implied fair value of the goodwill was determined to be $300 million compared to its carrying value of $398 million, resulting in a charge of $98 million. The inputs used to determine the fair value of PBMS NA were classified as Level 3 in the fair value hierarchy.

The changes in the carrying amount of goodwill, by reporting segment, for the six months ended June 30, 2013 were as follows:

	Gross value before accumulated impairment		Accumulated impairment			December 31, 2012		Impairment (2)			Other (1)			June 30, 2013
North America Mailing	$	355,874	$	—		$	355,874	$	—		$	(2,980	)	$	352,894
International Mailing	183,908		—			183,908		—			(6,271		)	177,637
Small & Medium Business Solutions	539,782		—			539,782		—			(9,251		)	530,531
Production Mail	131,866		—			131,866		—			(3,247		)	128,619
Software	671,218		—			671,218		—			(9,168		)	662,050
Management Services	488,399		(84,500		)	403,899		(100,253		)	(1,467		)	302,179
Mail Services	259,105		(63,965		)	195,140		—			—			195,140
Marketing Services	194,233		—			194,233		—			—			194,233
Enterprise Business Solutions	1,744,821		(148,465		)	1,596,356		(100,253		)	(13,882		)	1,482,221
Total	$	2,284,603	$	(148,465	)	$	2,136,138	$	(100,253	)	$	(23,133	)	$	2,012,752

(1) Primarily foreign currency translation adjustments.

(2) Amount includes $2 million impairment charge for PBMSi included in discontinued operations (see Note 4).

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Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 608,568	$ 913,276
Short-term investments	22,898	36,611
Accounts receivables, net	588,540	728,250
Finance receivable, net, current	1,132,518	1,188,292
Inventories	141,061	179,678
Current income taxes	30,578	51,836
Other current assets and prepayments	158,812	114,184
Assets held for sale	71,052	0
Total current assets	2,754,027	3,212,127
Property, plant and equipment, net	351,606	385,377
Rental property and equipment, net	230,759	241,192
Finance receivables, net, noncurrent	950,656	1,026,489
Investment in leveraged leases	33,606	34,546
Goodwill	2,012,752	2,136,138
Intangible assets, net	143,451	166,214
Non-current income taxes	93,318	94,434
Other assets	563,027	563,374
Total assets	7,133,202	7,859,891
Current liabilities:
Accounts payable and accrued liabilities	1,563,069	1,809,226
Current income taxes	208,063	240,681
Notes payable and current portion of long-term obligations	0	375,000
Advance billings	448,129	452,130
Liabilities held for sale	67,476	0
Total current liabilities	2,286,737	2,877,037
Deferred taxes on income	44,460	69,222
Tax uncertainties and other income tax liabilities	144,260	145,881
Long-term debt	3,654,032	3,642,375
Other non-current liabilities	685,002	718,375
Total liabilities	6,814,491	7,452,890
Noncontrolling interests (Preferred stockholders' equity in subsidiaries)	296,370	296,370
Stockholders' equity (deficit):
Cumulative preferred stock, $50 par value, 4% convertible	4	4
Cumulative preference stock, no par value, $2.12 convertible	613	648
Common stock, $1 par value (480,000,000 shares authorized; 323,337,912 shares issued)	323,338	323,338
Additional paid-in capital	198,938	223,847
Retained earnings	4,689,969	4,744,802
Accumulated other comprehensive loss (income), ending balance	(723,523)	(681,213)
Treasury stock, at cost (123,130,405 and 123,586,842 shares, respectively)	(4,466,998)	(4,500,795)
Total Pitney Bowes Inc. stockholders' equity (deficit)	22,341	110,631
Total liabilities, noncontrolling interests and stockholders' equity (deficit)	$ 7,133,202	$ 7,859,891

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Condensed Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Document Fiscal Year Focus			2013
Revenue:
Equipment sales	$ 243,644	$ 224,235	$ 458,643	$ 444,414
Supplies	72,337	70,522	146,624	146,887
Software	100,482	104,551	187,494	208,901
Rentals	136,775	145,497	273,154	285,886
Financing	115,929	122,948	232,691	249,696
Support services	163,178	171,254	328,664	344,772
Business services	325,862	327,350	649,207	655,447
Total revenue	1,158,207	1,166,357	2,276,477	2,336,003
Cost and expenses:
Cost of equipment sales	128,426	106,718	237,763	203,634
Cost of supplies	22,692	20,863	45,954	44,734
Cost of software	21,435	24,404	42,141	45,497
Cost of rentals	26,424	31,851	54,179	62,076
Financing interest expense	19,798	20,642	39,673	41,781
Cost of support services	104,282	112,123	212,291	227,210
Cost of business services	248,715	242,010	495,611	485,952
Selling, general and administrative	376,559	380,656	748,014	779,852
Research and development	31,501	33,811	64,836	67,884
Restructuring charges and asset impairments	19,955	(585)	19,955	(585)
Goodwill Impairment Loss, Continuing Operations	97,787	0	97,787	0
Goodwill impairment	100,253
Other interest expense	31,347	30,353	62,086	59,720
Interest income	(1,302)	(2,003)	(3,050)	(3,736)
Other income, net	0	4,372	25,121	1,138
Total costs and expenses	1,127,619	1,005,215	2,142,361	2,015,157
Income from continuing operations before income taxes	30,588	161,142	134,116	320,846
Provision for income taxes	15,160	53,113	42,899	68,211
Income from continuing operations	15,428	108,029	91,217	252,635
Net income before attribution of noncontrolling interests	(4,639)	104,217	67,461	267,481
Less: Preferred stock dividends of subsidiaries attributable to noncontrolling interests	4,594	4,594	9,188	9,188
Net income - Pitney Bowes Inc.	(9,233)	99,623	58,273	258,293
Amounts attributable to common stockholders:
Income from continuing operations	10,834	103,435	82,029	243,447
Income (loss) from discontinued operations	(20,067)	(3,812)	(23,756)	14,846
Net income - Pitney Bowes Inc.	$ (9,233)	$ 99,623	$ 58,273	$ 258,293
Continuing operations	$ 0.05	$ 0.52	$ 0.41	$ 1.22
Discontinued operations	$ (0.10)	$ (0.02)	$ (0.12)	$ 0.07
Net income - Pitney Bowes Inc.	$ (0.05)	$ 0.50	$ 0.29	$ 1.29
Diluted earnings per share attributable to common stockholders:
Continuing operations	$ 0.05	$ 0.51	$ 0.41	$ 1.21
Discontinued operations	$ (0.10)	$ (0.02)	$ (0.12)	$ 0.07
Net income - Pitney Bowes Inc.	$ (0.05)	$ 0.50	$ 0.29	$ 1.29
Common Stock, Dividends, Per Share, Declared	$ 0.1875	$ 0.375	$ 0.5625	$ 0.750

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AOCI (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Schedule of Accumulated Comprehensive Income [Line Items]
Document Fiscal Year Focus			2013
Other Comprehensive Income (Loss), Reclassification Adjustment Included in Net Income, Net of Tax			$ 26,018	$ 23,455
Cash Flow Hedge Loss Reclassified to Revenue	(371)	473	(753)	774
Cash Flow Hedge Gain Reclassified to Cost of Sales	286	(7)	412	(73)
Accumulated other comprehensive loss (income), beginning balance			(681,213)	(661,645)
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax	(4,719)	1,235	(4,445)	378
Other Comprehensive Income Loss Before Reclassification Adjustments Net Of Tax			(68,328)	(19,468)
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Net of Tax	(7)	74	1,639	300
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, Net of Tax	9,391	10,976	20,993	22,964
Defined Benefit Plan, Amortization of Transition Obligations (Assets)	2	2	4	4
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	(163)	299	(361)	589
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Tax	(3)	43	963	176
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	9,391	10,976	20,993	22,964
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(362)	(504)	(900)	(553)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(723,523)	(657,658)	(723,523)	(657,658)
Cash Flow Hedge Gain (Loss) Reclassified to Interest Expense, Net	(507)	(507)	(1,014)	(1,014)
Cash Flow Hedge Loss Reclassified to Earnings	(592)	(41)	(1,355)	(313)
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, before Tax	10	(117)	(2,602)	(476)
Cash Flow Hedge Loss Reclassified to Other Expense	231	17	528	122
Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	(361)	(24)	(827)	(191)
Defined Benefit Plan, Amortization of Gains (Losses)	(14,156)	(18,347)	(31,902)	(37,524)
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, before Tax	(14,317)	(18,046)	(32,259)	(36,931)
Other Comprehensive Income (Loss), Net of Tax	12,520	40,552	42,310	(3,987)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Schedule of Accumulated Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax			(73)	362
Accumulated other comprehensive loss (income), beginning balance			7,777	(8,438)
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax			827	(191)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax			900	(553)
Accumulated Other Comprehensive Income (Loss), Net of Tax	6,877	(7,885)	6,877	(7,885)
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Schedule of Accumulated Comprehensive Income [Line Items]
Accumulated other comprehensive loss (income), beginning balance			(4,513)	4,387
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Reclassification Adjustments, Net of Tax			(6,084)	(78)
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Net of Tax			4,445	378
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Net of Tax			1,639	(300)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(68)	4,765	(68)	4,765
Accumulated Defined Benefit Plans Adjustment [Member]
Schedule of Accumulated Comprehensive Income [Line Items]
Accumulated other comprehensive loss (income), beginning balance			759,199	(741,546)
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, Net of Tax			(20,993)	22,964
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Net of Tax			20,993	(22,964)
Accumulated Other Comprehensive Income (Loss), Net of Tax	738,206	(718,582)	738,206	(718,582)
Accumulated Translation Adjustment [Member]
Schedule of Accumulated Comprehensive Income [Line Items]
Accumulated other comprehensive loss (income), beginning balance			(81,250)	83,952
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax			(62,317)	19,908
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax			(59,758)	19,908
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, Net of Tax			(2,559)
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (21,492)	$ 64,044	$ (21,492)	$ 64,044

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Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Table Text Block]

Intangible assets consisted of the following:

	June 30, 2013							December 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	403,542	$	(281,707	)	$	121,835	$	407,901	$	(269,100	)	$	138,801
Supplier relationships	29,000		(23,563		)	5,437		29,000		(22,113		)	6,887
Software & technology	167,598		(153,294		)	14,304		169,632		(151,628		)	18,004
Trademarks & trade names	34,582		(32,748		)	1,834		35,078		(32,615		)	2,463
Non-compete agreements	7,288		(7,247		)	41		7,471		(7,412		)	59
Total intangible assets	$	642,010	$	(498,559	)	$	143,451	$	649,082	$	(482,868	)	$	166,214

Amortization Expense In Future Periods [Table Text Block]

The future amortization expense for intangible assets as of June 30, 2013 was as follows:

Remaining for year ended December 31, 2013	$	19,035
Year ended December 31, 2014	36,142
Year ended December 31, 2015	32,376
Year ended December 31, 2016	24,061
Year ended December 31, 2017	11,359
Thereafter	20,478
Total	$	143,451

Schedule of Goodwill

he changes in the carrying amount of goodwill, by reporting segment, for the six months ended June 30, 2013 were as follows:

	Gross value before accumulated impairment		Accumulated impairment			December 31, 2012		Impairment (2)			Other (1)			June 30, 2013
North America Mailing	$	355,874	$	—		$	355,874	$	—		$	(2,980	)	$	352,894
International Mailing	183,908		—			183,908		—			(6,271		)	177,637
Small & Medium Business Solutions	539,782		—			539,782		—			(9,251		)	530,531
Production Mail	131,866		—			131,866		—			(3,247		)	128,619
Software	671,218		—			671,218		—			(9,168		)	662,050
Management Services	488,399		(84,500		)	403,899		(100,253		)	(1,467		)	302,179
Mail Services	259,105		(63,965		)	195,140		—			—			195,140
Marketing Services	194,233		—			194,233		—			—			194,233
Enterprise Business Solutions	1,744,821		(148,465		)	1,596,356		(100,253		)	(13,882		)	1,482,221
Total	$	2,284,603	$	(148,465	)	$	2,136,138	$	(100,253	)	$	(23,133	)	$	2,012,752

(1) Primarily foreign currency translation adjustments.

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Subsequent Event (Notes)

6 Months Ended

Jun. 30, 2013

Subsequent Event [Line Items]

Subsequent Events [Text Block]

17. Subsequent Event

On July 30, 2013, we entered into a Stock and Asset Purchase Agreement (Purchase Agreement) to sell PBMS NA to an affiliate of Apollo Global Management, LLC for $400 million in cash consideration, subject to post-closing purchase price adjustments, as defined in the Purchase Agreement. We estimate that we will incur approximately $8 million of transaction fees and expenses related to this transaction. Completion of the sales transaction is subject to customary closing conditions, and is expected to close in the fourth quarter.

The sale of this business is part of our current transformation strategy to improve the growth profile and profitability of our company. Together with the International Management Services operations that were sold, or are in the process of being sold (see Note 4), our worldwide Management Services operations contributed $921 million, or 19%, of our reported consolidated revenue and $37 million, or 8%, of our reported consolidated net income for the year ended December 31, 2012.

In the third quarter, the results of PBMS NA will be reported as a discontinued operation, and we expect to incur a charge in the range of $80 to $100 million, or $0.40 to $0.50 per share, primarily resulting from a tax gain attributable to the difference between the company's book and tax basis in this business. This estimated charge is subject to post-closing purchase price adjustments, as defined in the Purchase Agreement.

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Inventories (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Inventory Disclosure [Abstract]
Raw materials and work in process	$ 53,187	$ 66,221
Supplies and service parts	65,478	72,551
Finished products	50,583	68,335
Inventory at FIFO cost	169,248	207,107
Excess of FIFO cost over LIFO cost	(28,187)	(27,429)
Total inventory, net	$ 141,061	$ 179,678

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Earnings per Share (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Amounts attributable to common stockholders:
Income from continuing operations	$ 10,834	$ 103,435	$ 82,029	$ 243,447
Income (loss) from discontinued operations	(20,067)	(3,812)	(23,756)	14,846
Net Income (Loss) Available to Common Stockholders, Basic	(9,233)	99,623	58,273	258,293
Preferred Stock Dividends, Income Statement Impact	(13)	(13)	(23)	(26)
Income attributable to common stockholders (numerator for basic EPS)	$ (9,246)	$ 99,610	$ 58,250	$ 258,267
Denominator (in thousands):
Weighted average shares used in basic EPS	201,567	200,252	201,342	200,091
Effect of dilutive shares:
Incremental Common Shares Attributable to Conversion of Preferred Stock	2	2	2	2
Incremental Common Shares Attributable to Conversion of Preference Stock	387	398	390	399
Incremental Common Shares Attributable to Share-based Payment Arrangements	847	459	646	407
Weighted-average shares used in diluted EPS	202,803	201,111	202,380	200,899
Income from continuing operations	$ 0.05	$ 0.52	$ 0.41	$ 1.22
Income (loss) from discontinued operations	$ (0.10)	$ (0.02)	$ (0.12)	$ 0.07
Net income	$ (0.05)	$ 0.50	$ 0.29	$ 1.29
Diluted earnings per share:
Income from continuing operations	$ 0.05	$ 0.51	$ 0.41	$ 1.21
Income (loss) from discontinued operations	$ (0.10)	$ (0.02)	$ (0.12)	$ 0.07
Net income	$ (0.05)	$ 0.50	$ 0.29	$ 1.29
Anti-dilutive shares (in thousands):
Anti-dilutive shares not used in calculating diluted weighted-average shares	12,673	13,737	12,881	14,517

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Discontinued Operations (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Disposal Group, Including Discontinued Operation, Revenue	$ 47,727,000	$ 79,460,000	$ 116,481,000	$ 165,470,000
Discontinued Operation, Amount of Other Income (Loss) from Disposition of Discontinued Operations, before Income Tax	(35,948,000)	(4,653,000)	(39,367,000)	(5,667,000)
Disposal Group, Including Discontinued Operation, Net Loss From Operations After Taxes	(17,731,000)	(3,812,000)	(20,414,000)	(4,486,000)
Discontinued Operation, Amount of Other Income (Loss) from Disposition of Discontinued Operation, Net of Tax			19,332,000
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(20,067,000)	(3,812,000)	(23,756,000)	14,846,000
Assets of Disposal Group, Including Discontinued Operation [Abstract]
Accounts Receivable, Net, Current	58,382,000		58,382,000
Disposal Group, Including Discontinued Operation, Inventory	2,988,000		2,988,000
Disposal Group, Including Discontinued Operation, Other Current Assets	8,606,000		8,606,000
Assets of Disposal Group, Including Discontinued Operation, Current	69,976,000		69,976,000
Disposal Group, Including Discontinued Operation, Property, Plant, and Equipment, Net	598,000		598,000
Disposal Group, Including Discontinued Operation, Other Noncurrent Assets	478,000		478,000
Assets Held-for-sale, Current	71,052,000		71,052,000		0
Liabilities of Disposal Group, Including Discontinued Operation [Abstract]
Disposal Group, Including Discontinued Operation, Accrued Liabilities	52,573,000		52,573,000
Disposal Group, Including Discontinued Operation, Other Current Liabilities	955,000		955,000
Liabilities of Disposal Group, Including Discontinued Operation, Current	53,528,000		53,528,000
Disposal Group, Including Discontinued Operation, Other Noncurrent Liabilities	13,948,000		13,948,000
Liabilities of Assets Held-for-sale	67,476,000		67,476,000		0
Document Fiscal Year Focus			2013
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax		(1,604,000)
Gain (Loss) on Sale of Business			31,751,000	0
Mail Services - International [Member]
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Discontinued Operation, Amount of Other Income (Loss) from Disposition of Discontinued Operation, Net of Tax	(2,336,000)	0	(3,342,000)	0
Management Services - International [Member]
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Discontinued Operation, Amount of Other Income (Loss) from Disposition of Discontinued Operation, Net of Tax		0	0	0
Liabilities of Disposal Group, Including Discontinued Operation [Abstract]
Impairment of Long-Lived Assets to be Disposed of	15,000,000
Goodwill, Impairment Loss	2,000,000
Gain (Loss) on Sale of Business	15,000,000
Capital Services [Member]
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Discontinued Operation, Amount of Other Income (Loss) from Disposition of Discontinued Operation, Net of Tax				$ 19,332,000

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Description of Business and Basis of Presentation Description of Business and Basis of Presentation (Details) (USD $)
In Millions, unless otherwise specified

6 Months Ended

Jun. 30, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description of Business and Basis of Presentation

Description of Business and Basis of Presentation

Pitney Bowes Inc. and its subsidiaries (we, us, our or the company) is a global provider of software, hardware and services that enables and integrates both physical and digital communications. We offer a full suite of equipment, supplies, software, services and solutions for managing and integrating physical and digital communication channels. We conduct our business activities in seven reporting segments within two business groups: Small & Medium Business Solutions and Enterprise Business Solutions. See Note 2 for information regarding our reportable segments.

The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and the instructions to Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In addition, the December 31, 2012 Condensed Consolidated Balance Sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. In management's opinion, all adjustments, consisting only of normal recurring adjustments, considered necessary to state fairly our financial position, results of operations and cash flows for the periods presented have been included. Operating results for the periods presented are not necessarily indicative of the results that may be expected for any other interim period or for the year ending December 31, 2013.

In January 2013, the Financial Accounting Standards Board issued Accounting Standards Update No. 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (ASU 2013-01).ASU 2013-01 requires an entity to disclose gross and net information about transactions that are (1) offset in the financial statements or (2) subject to an enforceable master netting arrangement or similar agreement, regardless of whether the transactions are actually offset in the statement of financial position. The disclosure requirements are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. The amounts impacting our disclosure were immaterial at June 30, 2013 and December 31, 2012.

In February 2013, the Financial Accounting Standards Board issued Accounting Standards Update No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (ASU 2013-02). ASU 2013-02 requires an entity to present either parenthetically on the face of the financial statements, or in the notes, significant amounts reclassified from each component of accumulated other comprehensive income and the income statement line items affected by the reclassification. The new standard is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. The adoption of this standard resulted in additional disclosures, but did not impact our financial condition, results of operations or cash flows.

During the fourth quarter of 2012, we determined that changes in certain investment-related working capital accounts that were classified as cash flows from operating activities in the Condensed Consolidated Statement of Cash Flows should have been classified as cash flows from investing activities. Accordingly, the Condensed Consolidated Statement of Cash Flows for the period ended June 30, 2012 has been revised to reflect the correct classification of cash flows, resulting in a decrease in cash provided by operating activities and a corresponding increase in cash provided by investing activities of $30 million.

These statements should be read in conjunction with the financial statements and notes thereto included in our Annual Report to Stockholders on Form 10-K for the year ended December 31, 2012 (the 2012 Annual Report). Certain prior year amounts have been reclassified to conform to the current period presentation.

Prior Period Reclassification Adjustment

$ 30

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Segment Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013 business_groups reporting_segments	Jun. 30, 2012
Segment Reporting Information [Line Items]
Document Fiscal Year Focus			2013
Segment reporting information profit (loss)
Number of Reportable Segments			7
Number of Business Groups			2
Revenues	$ 1,158,207	$ 1,166,357	$ 2,276,477	$ 2,336,003
EBIT	249,394	253,898	465,290	516,587
Reconciling items:
Interest, net	(49,843)	(48,992)	(98,709)	(97,765)
Corporate and other expenses	(51,221)	(44,349)	(114,723)	(98,561)
Restructuring, Settlement and Impairment Provisions	(19,955)	585	(19,955)	585
Goodwill, Impairment Loss	(97,787)	0	(97,787)	0
Other Income	0	(4,372)	(25,121)	(1,138)
Income from continuing operations before income taxes	30,588	161,142	134,116	320,846
Small And Medium Business Solutions [Member]
Segment reporting information profit (loss)
Revenues	597,445	618,964	1,195,275	1,248,283
EBIT	185,648	189,628	357,902	387,796
North America Mailing [Member]
Segment reporting information profit (loss)
Revenues	432,889	453,484	863,264	914,789
EBIT	166,363	167,870	320,868	346,041
International Mailing [Member]
Segment reporting information profit (loss)
Revenues	164,556	165,480	332,011	333,494
EBIT	19,285	21,758	37,034	41,755
Enterprise Business Solutions [Member]
Segment reporting information profit (loss)
Revenues	560,762	547,393	1,081,202	1,087,720
EBIT	63,746	64,270	107,388	128,791
Production Mail [Member]
Segment reporting information profit (loss)
Revenues	144,986	123,067	263,788	238,083
EBIT	13,617	5,594	16,672	8,373
Software [Member]
Segment reporting information profit (loss)
Revenues	92,242	99,874	172,963	200,201
EBIT	15,729	8,487	20,619	19,179
Management Services [Member]
Segment reporting information profit (loss)
Revenues	174,708	180,562	351,278	360,702
EBIT	14,735	14,222	29,097	26,210
Mail Services [Member]
Segment reporting information profit (loss)
Revenues	119,058	108,045	237,913	222,681
EBIT	15,484	28,464	34,833	62,709
Marketing Services [Member]
Segment reporting information profit (loss)
Revenues	29,768	35,845	55,260	66,053
EBIT	$ 4,181	$ 7,503	$ 6,167	$ 12,320

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Inventories

6 Months Ended

Jun. 30, 2013

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consisted of the following:

	June 30, 2013			December 31, 2012
Raw materials and work in process	$	53,187		$	66,221
Supplies and service parts	65,478			72,551
Finished products	50,583			68,335
Inventory at FIFO cost	169,248			207,107
Excess of FIFO cost over LIFO cost	(28,187		)	(27,429		)
Total inventory, net	$	141,061		$	179,678

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Debt (Tables) (Tables)

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Debt consisted of the following:

		June 30, 2013		December 31, 2012
Term loans		$	230,000	$	230,000
3.875%	notes due 2013	—		375,000
4.875%	notes due 2014 (1), (2)	299,570		450,000
5.0%	notes due 2015 (1)	274,879		400,000
4.75%	notes due 2016 (1)	370,914		500,000
5.75%	notes due 2017	500,000		500,000
5.60%	notes due 2018	250,000		250,000
4.75%	notes due 2018	350,000		350,000
6.25%	notes due 2019	300,000		300,000
5.25%	notes due 2022	110,000		110,000
5.25%	notes due 2037	500,000		500,000
6.70%	notes due 2043 (3)	425,000		—
Other (4)		43,669		52,375
Total debt		3,654,032		4,017,375
Current portion		—		375,000
Long-term debt		$	3,654,032	$	3,642,375

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Fair Value Measurements and Derivative Instruments Fair Value Measurements and Derivative Instruments Available For Sale Securities (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]
Document Period End Date	Jun. 30, 2013
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis	$ 54,032
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	54,085
Available-for-sale Securities, Amortized Cost Basis	361,995	375,693
Available-for-sale Securities, Gross Unrealized Gains	5,713	10,216
Available-for-sale Securities, Gross Unrealized Losses	(6,310)	(3,221)
Available-for-sale Securities	361,398	382,688
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis	38,948
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value	40,028
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis	83,026
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value	81,492
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis	185,989
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value	185,793
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis	361,995
Available-for-sale Securities, Debt Securities	361,398
Money Market Funds [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	26,616	44,611
Available-for-sale Securities, Gross Unrealized Gains	0	53
Available-for-sale Securities, Gross Unrealized Losses	(6)	0
Available-for-sale Securities	26,610	44,664
US Treasury and Government [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	116,570	127,807
Available-for-sale Securities, Gross Unrealized Gains	2,045	3,972
Available-for-sale Securities, Gross Unrealized Losses	(3,773)	(56)
Available-for-sale Securities	114,842	131,723
Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	39,793	41,095
Available-for-sale Securities, Gross Unrealized Gains	1,505	2,851
Available-for-sale Securities, Gross Unrealized Losses	(449)	(20)
Available-for-sale Securities	40,849	43,926
Collateralized Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	179,016	162,180
Available-for-sale Securities, Gross Unrealized Gains	2,163	3,340
Available-for-sale Securities, Gross Unrealized Losses	(2,082)	(3,145)
Available-for-sale Securities	$ 179,097	$ 162,375

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Noncontrolling Interests (Preferred Stockholders' Equity in Subsidiaries)

6 Months Ended

Jun. 30, 2013

Noncontrolling Interest [Abstract]

Noncontrolling Interests (Preferred Stockholders' Equity in Subsidiaries)

Noncontrolling Interests (Preferred Stockholders’ Equity in Subsidiaries)

Pitney Bowes International Holdings, Inc. (PBIH), a subsidiary, has 300,000 shares, or $300 million, of outstanding perpetual voting preferred stock (the Preferred Stock) held by certain institutional investors. The holders of the Preferred Stock are entitled as a group to 25% of the combined voting power of all classes of capital stock of PBIH. All outstanding common stock of PBIH, representing the remaining 75% of the combined voting power of all classes of capital stock, is owned directly or indirectly by the company. The Preferred Stock is entitled to cumulative dividends at a rate of 6.125% through 2016 after which it becomes callable and, if it remains outstanding, will yield a dividend that increases by 50% every six months thereafter. No dividends were in arrears at June 30, 2013 or December 31, 2012. There was no change in the carrying value of noncontrolling interests during the period ended June 30, 2013 or the year ended December 31, 2012.

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Restructuring Charges and Asset Impairments

6 Months Ended

Jun. 30, 2013

Restructuring and Related Activities [Abstract]

Restructuring Charges and Asset Impairments

Restructuring Charges and Asset Impairments

In order to enhance our responsiveness to changing market conditions, further streamline our business operations, reduce our cost structure and create long-term flexibility to invest in growth, we have identified certain actions that we believe will provide both process and operational improvements. We anticipate that these actions will result in restructuring charges in the range of $75 to $125 million and will be recognized as specific initiatives are approved and implemented.

During the quarter, we began implementing certain actions, consisting primarily of workforce reductions, and recorded restructuring charges of $23 million in connection with the above actions. Restructuring charges for the period also include the reversal of $3 million for changes in reserves under prior restructuring programs.

Activity in our restructuring reserves for the six months ended June 30, 2013 was as follows:

	Severance and benefits costs			Pension and Retiree Medical			Other exit costs			Total
Balance at January 1, 2013	$	62,540		$	—		$	5,218		$	67,758
Expenses, net	17,672			1,964			319			19,955
Cash payments	(25,155		)	—			(2,100		)	(27,255		)
Non-cash charges	—			(1,964		)	—			(1,964		)
Balance at June 30, 2013	$	55,057		$	—		$	3,437		$	58,494

The majority of the remaining restructuring payments are expected to be paid through 2014; however, due to certain international labor laws and long-term lease agreements, some payments will extend beyond 2014. We expect that cash flows from operations will be sufficient to fund these payments.

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Statement of Cash Flows [Abstract]
Current Fiscal Year End Date	--12-31
Document Period End Date	Jun. 30, 2013
Cash flows from operating activities:
Net income before attribution of non-controlling interests	$ 67,461	$ 267,481
Restructuring payments	(27,255)	(47,875)
Special pension plan contributions	0	(95,000)
Tax payments related to sale of leveraged lease assets	0	84,904
Adjustments to reconcile net income to net cash provided by operating activities:
Goodwill Impairment Loss, Continuing Operations	97,787	0
Gain (Loss) on Sale of Business	31,751	0
Gain on sale of leveraged lease assets, net of tax	0	(12,886)
Proceeds from settlement of derivative instruments	4,838	0
Depreciation and amortization	113,702	131,607
Stock-based compensation	7,241	8,852
Restructuring Charges And Asset Impairments Inc Disc Ops	19,955	1,074
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivables	67,420	60,176
(Increase) decrease in finance receivables	96,928	113,034
(Increase) decrease in inventories	29,863	(9,428)
(Increase) decrease in other current assets and prepayments	(4,810)	(13,745)
Increase (decrease) in accounts payable and accrued liabilities	(173,479)	(100,897)
Increase (decrease) in current and non-current income taxes	(89,478)	86,555
Increase (decrease) in advance billings	6,051	17,178
Increase (decrease) in other operating capital, net	31,060	18,610
Net cash provided by operating activities	279,035	339,832
Cash flows from investing activities:
Short-term and other investments	14,633	(631)
Capital expenditures	(73,441)	(88,751)
Proceeds from sale of leveraged lease assets	0	105,506
Net investment in external financing	(1,021)	(3,464)
Reserve account deposits	(26,189)	2,334
Net cash used in investing activities	(86,018)	14,994
Cash flows from financing activities:
Proceeds from the issuance of long-term obligations, net of fees and discounts of $13,387	411,613	0
Principal payments of long-term obligations	779,637	550,000
Stock repurchases	(3,621)	(4,274)
Dividends paid to stockholders	(113,106)	(150,025)
Dividends paid to noncontrolling interests	9,188	9,188
Net cash used in financing activities	(486,697)	(704,939)
Effect of exchange rate changes on cash and cash equivalents	(11,028)	(6,353)
Increase in cash and cash equivalents	(304,708)	(356,466)
Cash and cash equivalents at beginning of period	913,276	856,238
Cash and cash equivalents at end of period	608,568	499,772
Cash interest paid	95,791	99,477
Cash income tax payments (refund), net	111,318	63,998
Debt Instrument, Unamortized Discount	$ 13,387

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Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income Tax Contingency [Line Items]
Effective Income Tax Rate	49.60%	33.00%	32.00%	21.30%
Income Tax Reconciliation, Tax Planning Initiatives	$ 7
Document Fiscal Year Focus			2013
Tax Benefit From Sale Of Non U S Leverage Lease				17
Tax benefit related to foreign tax				22
Effective Income Tax Rate Reconciliation, Other Adjustments	4
Income Tax Reconciliation, Change in Enacted Tax Rate	$ 4

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Intangible Assets and Goodwill 3 (Details) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013	Dec. 31, 2012
Goodwill [Line Items]
Document Period End Date		Jun. 30, 2013
Goodwill, Gross			$ 2,284,603,000
Goodwill, Impairment Loss	(100,253,000)
Goodwill [Roll Forward]
Goodwill, beginning period		2,136,138,000
Other	(23,133,000)
Goodwill, ending period	2,012,752,000	2,012,752,000
Goodwill, Impaired, Accumulated Impairment Loss			148,465,000
North America Mailing [Member]
Goodwill [Line Items]
Goodwill, Gross			355,874,000
Goodwill [Roll Forward]
Goodwill, beginning period			355,874,000
Other	(2,980,000)
Goodwill, ending period	352,894,000	352,894,000	355,874,000
International Mailing [Member]
Goodwill [Line Items]
Goodwill, Gross			183,908,000
Goodwill [Roll Forward]
Goodwill, beginning period			183,908,000
Other	(6,271,000)
Goodwill, ending period	177,637,000	177,637,000	183,908,000
Small And Medium Business Solutions [Member]
Goodwill [Line Items]
Goodwill, Gross			539,782,000
Goodwill [Roll Forward]
Goodwill, beginning period			539,782,000
Other	(9,251,000)
Goodwill, ending period	530,531,000	530,531,000	539,782,000
Goodwill, Impaired, Accumulated Impairment Loss			0
Production Mail [Member]
Goodwill [Line Items]
Goodwill, Gross			131,866,000
Goodwill [Roll Forward]
Goodwill, beginning period			131,866,000
Other	(3,247,000)
Goodwill, ending period	128,619,000	128,619,000	131,866,000
Goodwill, Impaired, Accumulated Impairment Loss			0
Software [Member]
Goodwill [Line Items]
Goodwill, Gross			671,218,000
Goodwill [Roll Forward]
Goodwill, beginning period			671,218,000
Other	(9,168,000)
Goodwill, ending period	662,050,000	662,050,000	671,218,000
Goodwill, Impaired, Accumulated Impairment Loss			0
Management Services [Member]
Goodwill [Line Items]
Goodwill, Gross			488,399,000
Goodwill, Impairment Loss	(100,253,000)
Goodwill [Roll Forward]
Goodwill, beginning period			403,899,000
Other	(1,467,000)
Goodwill, ending period	302,179,000	302,179,000	403,899,000
Goodwill, Impaired, Accumulated Impairment Loss			84,500,000
Mail Services [Member]
Goodwill [Line Items]
Goodwill, Gross			259,105,000
Goodwill, Impairment Loss	0
Goodwill [Roll Forward]
Goodwill, beginning period			195,140,000
Other	0
Goodwill, ending period	195,140,000	195,140,000	195,140,000
Goodwill, Impaired, Accumulated Impairment Loss			63,965,000
Marketing Services [Member]
Goodwill [Line Items]
Goodwill, Gross			194,233,000
Goodwill [Roll Forward]
Goodwill, beginning period			194,233,000
Other	0
Goodwill, ending period	194,233,000	194,233,000	194,233,000
Goodwill, Impaired, Accumulated Impairment Loss			0
Enterprise Business Solutions [Member]
Goodwill [Line Items]
Goodwill, Gross			1,744,821,000
Goodwill, Impairment Loss	(100,253,000)
Goodwill [Roll Forward]
Goodwill, beginning period			1,596,356,000
Other	(13,882,000)
Goodwill, ending period	1,482,221,000	1,482,221,000	1,596,356,000
Goodwill, Impaired, Accumulated Impairment Loss			148,465,000
Management Services - North America [Member]
Goodwill [Line Items]
Goodwill, Fair Value	300,000,000	300,000,000
Goodwill, Carrying Value	398,000,000	398,000,000
Goodwill, Impairment Loss	$ (97,787,000)

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Pensions and Other Benefit Programs (Tables)

6 Months Ended

Jun. 30, 2013

Pension And Other Postretirement Benefits Disclosure (Tables) [Abstract]

Schedule of Defined Benefit Plans Disclosures

	Three Months Ended June 30,
	United States						Foreign
	2013			2012			2013			2012
Service cost	$	3,494		$	4,515		$	2,139		$	2,013
Interest cost	18,534			19,917			11,627			6,934
Expected return on plan assets	(27,041		)	(30,194		)	(13,886		)	(8,041		)
Amortization of transition credit	—			—			(2		)	(2		)
Amortization of prior service cost	94			197			28			27
Amortization of net actuarial loss	7,507			13,165			4,290			3,492
Settlement	1,416			—			—			250
Special termination benefits	548			—			—			—
Net periodic benefit cost	$	4,552		$	7,600		$	4,196		$	4,673

	Six Months Ended June 30,
	United States						Foreign
	2013			2012			2013			2012
Service cost	$	7,293		$	9,469		$	4,312		$	4,031
Interest cost	36,905			40,520			23,376			13,857
Expected return on plan assets	(54,127		)	(60,812		)	(27,921		)	(16,064		)
Amortization of transition credit	—			—			(4		)	(4		)
Amortization of prior service cost	223			402			56			55
Amortization of net actuarial loss	18,544			26,479			8,638			6,988
Settlement	1,416			—			—			250
Special termination benefits	548			—			—			—
Curtailment	814			—			—			—
Net periodic benefit cost	$	11,616		$	16,058		$	8,457		$	9,113

Schedule of Non Pension Postretirement Benefit Plans Disclosures

	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2012			2013		2012
Service cost	$	1,014	$	868		$	2,031	$	1,759
Interest cost	2,510		2,714			5,024		5,789
Amortization of prior service cost (credit)	41		(523		)	82		(1,046		)
Amortization of net actuarial loss	2,359		1,690			4,720		4,057
Net periodic benefit cost	$	5,924	$	4,749		$	11,857	$	10,559

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Income Taxes

6 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The effective tax rate for the three months ended June 30, 2013 and 2012 was 49.6% and 33.0%, respectively. The effective tax rate for the six months ended June 30, 2013 and 2012 was 32.0% and 21.3%, respectively. The effective tax rate for the three and six months ended June 30, 2013 includes tax benefits of $7 million related to one-time tax planning initiatives and $4 million from the adjustment of non-U.S. tax accounts from prior periods offset by the reduced tax benefits associated with the goodwill impairment charge. The effective tax rate for the 2013 year-to-date period also includes a benefit of $4 million from the retroactive effect of 2013 U.S. tax legislation. The effective tax rate for the six months ended June 30,2012 includes tax benefits of $17 million from the sale of non-U.S. leveraged lease assets and $22 million from the resolution of tax examinations.

As is the case with other large corporations, our tax returns are examined each year by tax authorities in the U.S., other countries and local jurisdictions in which we have operations. We expect the examination of our 2009 through 2011 tax returns by the Internal Revenue Service (IRS) to be completed within the next 12 months. We regularly assess the likelihood of tax adjustments in each of the tax jurisdictions in which we do business and account for the related financial statement implications. We believe we have established tax reserves that are appropriate given the possibility of tax adjustments. However, determining the appropriate level of tax reserves requires judgment regarding the uncertain application of tax law and the possibility of tax adjustments. Future changes in tax reserve requirements could have a material impact, positive or negative, on our results of operations, financial position and cash flows. It is reasonably possible that the amount of our unrecognized tax benefits will decrease in the next 12 months, and we expect this change could be up to twenty percent of our unrecognized tax benefits.

On August 27, 2012, the United States Court of Appeals for the Third Circuit overturned a prior Tax Court decision and ruled in favor of the IRS and adverse to the Historic Boardwalk Hall LLC, a partnership in which we had made an investment in the year 2000. During the quarter, the U.S. Supreme Court decided not to hear the partnership's appeal of the Third Circuit decision, and the case has since been sent back to the Tax Court for additional proceedings. Based on our entitlement to indemnification under the partnership agreement, we do not expect this matter to have a material effect on our results of operations. However, the potential for a difference in the timing of payments which may be due to taxing authorities and the timing of receipts due to us under the partnership agreement may cause fluctuations in our cash flows in future periods.

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Debt

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Debt

Debt

Debt consisted of the following:

		June 30, 2013		December 31, 2012
Term loans		$	230,000	$	230,000
3.875%	notes due 2013	—		375,000
4.875%	notes due 2014 (1), (2)	299,570		450,000
5.0%	notes due 2015 (1)	274,879		400,000
4.75%	notes due 2016 (1)	370,914		500,000
5.75%	notes due 2017	500,000		500,000
5.60%	notes due 2018	250,000		250,000
4.75%	notes due 2018	350,000		350,000
6.25%	notes due 2019	300,000		300,000
5.25%	notes due 2022	110,000		110,000
5.25%	notes due 2037	500,000		500,000
6.70%	notes due 2043 (3)	425,000		—
Other (4)		43,669		52,375
Total debt		3,654,032		4,017,375
Current portion		—		375,000
Long-term debt		$	3,654,032	$	3,642,375

(1) During the first quarter, we completed a cash tender offer (the Tender Offer) for a portion of our 4.875% Notes due 2014, our 5.0% Notes due 2015, and our 4.75% Notes due 2016 (the Subject Notes). Holders who validly tendered their notes received the principal amount of the notes tendered, all accrued and unpaid interest and a premium amount. An aggregate $405 million of the Subject Notes were tendered. A net loss of $25 million, consisting of the payment of the call premium and transaction fees and the write-off of unamortized costs, partially offset by a gain from the unwinding of interest rate swap agreements, was recognized as Other expense, net on the Condensed Consolidated Statements of Income.

(2) Prior to the Tender Offer, we had interest rate swap agreements with an aggregate notional value of $450 million that effectively converted the fixed rate interest payments on these notes into variable interest rates. As a result of the Tender Offer, we unwound $225 million of these swap agreements.

(3) During the first quarter, we issued $425 million of 6.7% fixed rate 30-year notes. Interest is payable quarterly. The notes mature in 2043, but may be redeemed, at our option, in whole or in part, at any time on or after March 7, 2018 at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest. The net proceeds from the notes were used to fund the Tender Offer.

(4) Other consists of the unamortized net proceeds received from unwinding of interest rate swaps, the mark-to-market adjustment of interest rate swaps and debt discounts and premiums.

In June 2013, the $375 million3.875% notes matured and were redeemed with cash.

At June 30, 2013, there were no outstanding commercial paper borrowings. During the quarter, commercial paper borrowings averaged $75 million at a weighted-average interest rate of 0.46% and the maximum amount outstanding at any time was $100 million.

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Earnings per Share

6 Months Ended

Jun. 30, 2013

Notes To Condensed Consolidated Financial Statements [Abstract]

Earnings per Share

Earnings per Share

The calculations of basic and diluted earnings per share are presented below:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Numerator:
Amounts attributable to common stockholders:
Net income from continuing operations	$	10,834		$	103,435		$	82,029		$	243,447
(Loss) income from discontinued operations	(20,067		)	(3,812		)	(23,756		)	14,846
Net (loss) income - Pitney Bowes Inc. (numerator for diluted EPS)	(9,233		)	99,623			58,273			258,293
Less: Preference stock dividend	(13		)	(13		)	(23		)	(26		)
(Loss) income attributable to common stockholders (numerator for basic EPS)	$	(9,246	)	$	99,610		$	58,250		$	258,267
Denominator (in thousands):
Weighted-average shares used in basic EPS	201,567			200,252			201,342			200,091
Effect of dilutive shares:
Preferred stock	2			2			2			2
Preference stock	387			398			390			399
Stock plans	847			459			646			407
Weighted-average shares used in diluted EPS	202,803			201,111			202,380			200,899
Basic earnings per share:
Continuing operations	$	0.05		$	0.52		$	0.41		$	1.22
Discontinued operations	(0.10		)	(0.02		)	(0.12		)	0.07
Net (loss) income	$	(0.05	)	$	0.50		$	0.29		$	1.29
Diluted earnings per share:
Continuing operations	$	0.05		$	0.51		$	0.41		$	1.21
Discontinued operations	(0.10		)	(0.02		)	(0.12		)	0.07
Net (loss) income	$	(0.05	)	$	0.50		$	0.29		$	1.29
Anti-dilutive shares not used in calculating diluted weighted-average shares (in thousands):	12,673			13,737			12,881			14,517

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Notes To Condensed Consolidated Financial Statements [Abstract]

Commitments and Contingencies

Commitments and Contingencies

In the ordinary course of business, we are routinely defendants in, or party to a number of pending and threatened legal actions. These may involve litigation by or against us relating to, among other things, contractual rights under vendor, insurance or other contracts; intellectual property or patent rights; equipment, service, payment or other disputes with customers; or disputes with employees. Some of these actions may be brought as a purported class action on behalf of a purported class of employees, customers or others.

In October 2009, the company and certain of its current and former officers were named as defendants in NECA-IBEW Health & Welfare Fund v. Pitney Bowes Inc. et al., a class action lawsuit filed in the U.S. District Court for the District of Connecticut.  The complaint asserts claims under the Securities Exchange Act of 1934 on behalf of those who purchased the common stock of the company during the period between July 30, 2007 and October 29, 2007 alleging that the company, in essence, missed two financial projections.  Plaintiffs filed an amended complaint in September 2010. On March 23, 2013, the Court granted our motion to dismiss, and dismissed the case in its entirety. Plaintiff did not appeal the decision, and therefore, this case has now concluded in favor of Pitney Bowes and its officers named in the lawsuit.

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Document and Entity Information	6 Months Ended
	Jun. 30, 2013	Jul. 22, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2013
Amendment Flag	false
Entity Registrant Name	PITNEY BOWES INC /DE/
Entity Central Index Key	0000078814
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Well Known Seasoned Issuer	Yes
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Entity Common Stock Shares Outstanding		201,812,523

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Pensions and Other Benefit Programs

6 Months Ended

Jun. 30, 2013

Notes To Condensed Consolidated Financial Statements [Abstract]

Pensions and Other Benefit Programs

Pensions and Other Benefit Programs

Defined Benefit Pension Plans

The components of net periodic benefit cost for defined benefit pension plans were as follows:

	Three Months Ended June 30,
	United States						Foreign
	2013			2012			2013			2012
Service cost	$	3,494		$	4,515		$	2,139		$	2,013
Interest cost	18,534			19,917			11,627			6,934
Expected return on plan assets	(27,041		)	(30,194		)	(13,886		)	(8,041		)
Amortization of transition credit	—			—			(2		)	(2		)
Amortization of prior service cost	94			197			28			27
Amortization of net actuarial loss	7,507			13,165			4,290			3,492
Settlement	1,416			—			—			250
Special termination benefits	548			—			—			—
Net periodic benefit cost	$	4,552		$	7,600		$	4,196		$	4,673

	Six Months Ended June 30,
	United States						Foreign
	2013			2012			2013			2012
Service cost	$	7,293		$	9,469		$	4,312		$	4,031
Interest cost	36,905			40,520			23,376			13,857
Expected return on plan assets	(54,127		)	(60,812		)	(27,921		)	(16,064		)
Amortization of transition credit	—			—			(4		)	(4		)
Amortization of prior service cost	223			402			56			55
Amortization of net actuarial loss	18,544			26,479			8,638			6,988
Settlement	1,416			—			—			250
Special termination benefits	548			—			—			—
Curtailment	814			—			—			—
Net periodic benefit cost	$	11,616		$	16,058		$	8,457		$	9,113

Through June 30, 2013, we contributed $7 million to our U.S. pension plans and $7 million to our foreign pension plans.

Nonpension Postretirement Benefit Plans

The components of net periodic benefit cost for nonpension postretirement benefit plans were as follows:

	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2012			2013		2012
Service cost	$	1,014	$	868		$	2,031	$	1,759
Interest cost	2,510		2,714			5,024		5,789
Amortization of prior service cost (credit)	41		(523		)	82		(1,046		)
Amortization of net actuarial loss	2,359		1,690			4,720		4,057
Net periodic benefit cost	$	5,924	$	4,749		$	11,857	$	10,559

Contributions for benefit payments for our nonpension postretirement benefit plans were $8 million for each of the three months ended June 30, 2013 and 2012, respectively, and $16 million and $14 million for the six months ended June 30, 2013 and 2012, respectively.