Segment Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

The principal products and services of each of our reportable segments are as follows:

Small & Medium Business Solutions:

North America Mailing: Includes the revenue and related expenses from the sale, rental, financing and servicing of mailing equipment, software and supplies for small and medium businesses to efficiently create physical and digital mail and evidence postage for the sending of mail, flats and parcels in the U.S. and Canada.

International Mailing: Includes the revenue and related expenses from the sale, rental, financing and servicing of mailing equipment, software and supplies for small and medium businesses to efficiently create physical and digital mail and evidence postage for the sending of mail, flats and parcels in areas outside the U.S. and Canada.

Enterprise Business Solutions:

Production Mail: Includes the worldwide revenue and related expenses from the sale of production mail inserting and sortation equipment, high-speed production print systems, supplies and related support services to large enterprise clients to process inbound and outbound mail.

Presort Services: Includes revenue and related expenses from presort mail services for our large enterprise clients to qualify large mail volumes for postal worksharing discounts.

Digital Commerce Solutions:

Software Solutions: Includes the worldwide revenue and related expenses from the sale of non-equipment-based mailing, customer information management, location intelligence and customer engagement solutions and related support services.

Global Ecommerce: Includes the worldwide revenue and related expenses from cross-border ecommerce and shipping solutions.

We determine segment earnings before interest and taxes (EBIT) 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 asset 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 believes segment EBIT provides a useful measure of our 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 consolidated results of operations.

The following tables provide information about our reportable segments.

	Revenues
	Years Ended December 31,
	2015		2014		2013
North America Mailing	$	1,435,140	$	1,491,927	$	1,555,585
International Mailing	445,328		572,440		602,582
Small & Medium Business Solutions	1,880,468		2,064,367		2,158,167
Production Mail	421,178		462,199		511,544
Presort Services	473,612		456,556		430,469
Enterprise Business Solutions	894,790		918,755		942,013
Software Solutions	385,908		428,662		395,038
Global Ecommerce	362,087		281,643		169,908
Digital Commerce Solutions	747,995		710,305		564,946
Other	54,807		128,077		126,209
Total revenue	$	3,578,060	$	3,821,504	$	3,791,335
Geographic Data:
United States	$	2,681,285	$	2,743,957	$	2,654,301
Outside United States	896,775		1,077,547		1,137,034
Total	$	3,578,060	$	3,821,504	$	3,791,335

	EBIT
	Years Ended December 31,
	2015			2014			2013
North America Mailing	$	646,913		$	642,521		$	640,830
International Mailing	51,070			88,710			71,516
Small & Medium Business Solutions	697,983			731,231			712,346
Production Mail	48,254			47,543			55,000
Presort Services	104,655			98,230			83,259
Enterprise Business Solutions	152,909			145,773			138,259
Software Solutions	48,531			51,193			47,707
Global Ecommerce	19,229			16,633			1,214
Digital Commerce Solutions	67,760			67,826			48,921
Other	10,569			19,240			5,856
Total EBIT	929,221			964,070			905,382
Reconciling items:
Interest, net	(159,374		)	(169,450		)	(186,987		)
Unallocated corporate expenses	(213,095		)	(233,126		)	(217,458		)
Restructuring charges and asset impairments, net	(25,782		)	(84,560		)	(84,344		)
Acquisition/disposition related expenses	(14,983		)	—			—
Other income (expense), net	94,838			(45,738		)	(32,639		)
Income from continuing operations before income taxes	$	610,825		$	431,196		$	383,954

	Depreciation and amortization
	Years Ended December 31,
	2015		2014		2013
North America Mailing	$	58,141	$	68,291	$	81,238
International Mailing	23,262		30,629		29,515
Small & Medium Business Solutions	81,403		98,920		110,753
Production Mail	4,075		7,740		15,740
Presort Services	27,305		28,462		29,999
Enterprise Business Solutions	31,380		36,202		45,739
Software Solutions	18,151		20,653		16,237
Global Ecommerce	21,025		8,073		3,592
Digital Commerce Solutions	39,176		28,726		19,829
Other	2,057		4,928		4,532
Total for reportable segments	154,016		168,776		180,853
Reconciliation to consolidated amount:
Unallocated amount	19,296		29,312		14,052
Discontinued operations	—		—		16,338
Consolidated depreciation and amortization	$	173,312	$	198,088	$	211,243

	Capital expenditures
	Years Ended December 31,
	2015		2014		2013
North America Mailing	$	60,204	$	67,596	$	57,973
International Mailing	11,196		13,966		25,386
Small & Medium Business Solutions	71,400		81,562		83,359
Production Mail	3,418		801		2,875
Presort Services	17,096		17,457		12,512
Enterprise Business Solutions	20,514		18,258		15,387
Software Solutions	1,688		3,573		3,406
Global Ecommerce	17,321		6,356		19,111
Digital Commerce Solutions	19,009		9,929		22,517
Other	857		2,538		3,045
Total for reportable segments	111,780		112,287		124,308
Reconciliation to consolidated amount:
Unallocated amount	54,549		68,269		4,876
Discontinued operations	—		—		8,328
Consolidated capital expenditures	$	166,329	$	180,556	$	137,512

	Assets
	December 31,
	2015		2014		2013
North America Mailing	$	2,421,095	$	2,614,123	$	2,767,743
International Mailing	594,540		687,233		856,073
Small & Medium Business Solutions	3,015,635		3,301,356		3,623,816
Production Mail	244,156		266,831		305,428
Presort Services	374,647		346,850		343,206
Enterprise Business Solutions	618,803		613,681		648,634
Software Solutions	858,308		884,190		866,319
Global Ecommerce	580,662		117,744		154,402
Digital Commerce Solutions	1,438,970		1,001,934		1,020,721
Other	—		210,171		221,292
Total for reportable segments	5,073,408		5,127,142		5,514,463
Reconciliation to consolidated amount:
Cash and cash equivalents	650,557		1,054,118		886,788
Short-term investments	117,021		49,135		52,146
Other corporate assets	300,476		261,294		222,641
Discontinued operations	—		—		101,398
Consolidated assets	$	6,141,462	$	6,499,702	$	6,777,436

Identifiable long-lived assets:
United States	$	437,704	$	391,311	$	351,772
Outside United States	73,046		94,160		119,545
Total	$	510,750	$	485,471	$	471,317