Segment Information

3 Months Ended

Mar. 31, 2016

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 licensing 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 shipping solutions and cross-border ecommerce.

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 and restructuring charges that 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.

Revenue and EBIT by business segment is presented below:

	Revenue
	Three Months Ended March 31,
	2016		2015
North America Mailing	$	349,726	$	361,874
International Mailing	103,759		116,173
Small & Medium Business Solutions	453,485		478,047
Production Mail	87,425		99,503
Presort Services	127,396		121,531
Enterprise Business Solutions	214,821		221,034
Software Solutions	77,922		86,237
Global Ecommerce	98,361		75,386
Digital Commerce Solutions	176,283		161,623
Other	—		29,977
Total revenue	$	844,589	$	890,681

	EBIT
	Three Months Ended March 31,
	2016			2015
North America Mailing	$	155,915		$	163,665
International Mailing	11,851			11,724
Small & Medium Business Solutions	167,766			175,389
Production Mail	6,824			9,032
Presort Services	28,910			27,494
Enterprise Business Solutions	35,734			36,526
Software Solutions	(2,572		)	4,133
Global Ecommerce	772			8,146
Digital Commerce Solutions	(1,800		)	12,279
Other	—			4,958
Total EBIT	201,700			229,152
Reconciling items:
Interest, net	(34,216		)	(42,834		)
Unallocated corporate expenses	(57,767		)	(50,803		)
Restructuring charges, net	(6,933		)	81
Acquisition and disposition-related expenses	(3,120		)	—
Income from continuing operations before income taxes	$	99,664		$	135,596