Segment Information

12 Months Ended

Dec. 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 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,
	2016		2015		2014
North America Mailing	$	1,342,673	$	1,435,140	$	1,491,927
International Mailing	406,797		445,328		572,440
Small & Medium Business Solutions	1,749,470		1,880,468		2,064,367
Production Mail	404,703		421,178		462,199
Presort Services	475,582		473,612		456,556
Enterprise Business Solutions	880,285		894,790		918,755
Software Solutions	348,234		385,908		428,662
Global Ecommerce	428,586		362,087		281,643
Digital Commerce Solutions	776,820		747,995		710,305
Other	—		54,807		128,077
Total revenue	$	3,406,575	$	3,578,060	$	3,821,504
Geographic data:
United States	$	2,589,535	$	2,681,285	$	2,743,957
Outside United States	817,040		896,775		1,077,547
Total	$	3,406,575	$	3,578,060	$	3,821,504

	EBIT
	Years Ended December 31,
	2016			2015			2014
North America Mailing	$	575,080		$	646,913		$	642,521
International Mailing	46,547			51,070			88,710
Small & Medium Business Solutions	621,627			697,983			731,231
Production Mail	54,061			48,254			47,543
Presort Services	95,258			104,655			98,230
Enterprise Business Solutions	149,319			152,909			145,773
Software Solutions	30,159			48,531			51,193
Global Ecommerce	19,200			19,229			16,633
Digital Commerce Solutions	49,359			67,760			67,826
Other	—			10,569			19,240
Total EBIT	820,305			929,221			964,070
Reconciling items:
Interest, net	(144,211		)	(159,374		)	(169,450		)
Unallocated corporate expenses	(189,215		)	(213,095		)	(233,126		)
Goodwill Impairment	(171,092		)	—			—
Restructuring charges and asset impairments, net	(63,296		)	(25,782		)	(84,560		)
Acquisition/disposition related expenses	(5,585		)	(14,983		)	—
Other (expense) income, net	(536		)	94,838			(45,738		)
Income from continuing operations before income taxes	246,370			610,825			431,196
Provision for income taxes	131,819			189,778			112,815
(Loss) income from discontinued operations, net of tax	(2,701		)	5,271			33,749
Net income	$	111,850		$	426,318		$	352,130

	Depreciation and amortization
	Years Ended December 31,
	2016		2015		2014
North America Mailing	$	60,066	$	58,141	$	68,291
International Mailing	19,431		23,262		30,629
Small & Medium Business Solutions	79,497		81,403		98,920
Production Mail	4,421		4,075		7,740
Presort Services	27,929		27,305		28,462
Enterprise Business Solutions	32,350		31,380		36,202
Software Solutions	14,621		18,151		20,653
Global Ecommerce	30,607		21,025		8,073
Digital Commerce Solutions	45,228		39,176		28,726
Other	—		2,057		4,928
Total for reportable segments	157,075		154,016		168,776
Unallocated amount	21,411		19,296		29,312
Total depreciation and amortization	$	178,486	$	173,312	$	198,088

	Capital expenditures
	Years Ended December 31,
	2016		2015		2014
North America Mailing	$	83,547	$	60,621	$	70,358
International Mailing	3,163		11,196		13,966
Small & Medium Business Solutions	86,710		71,817		84,324
Production Mail	1,599		3,418		801
Presort Services	17,537		17,096		17,457
Enterprise Business Solutions	19,136		20,514		18,258
Software Solutions	4,617		1,688		3,573
Global Ecommerce	15,647		17,321		6,356
Digital Commerce Solutions	20,264		19,009		9,929
Other	—		857		2,538
Total for reportable segments	126,110		112,197		115,049
Unallocated amount	34,721		54,549		68,269
Total capital expenditures	$	160,831	$	166,746	$	183,318

	Assets
	December 31,
	2016		2015		2014
North America Mailing	$	1,930,640	$	2,421,095	$	2,614,123
International Mailing	532,624		594,540		687,233
Small & Medium Business Solutions	2,463,264		3,015,635		3,301,356
Production Mail	239,358		244,156		266,831
Presort Services	373,443		374,647		346,850
Enterprise Business Solutions	612,801		618,803		613,681
Software Solutions	645,349		858,308		884,190
Global Ecommerce	585,226		580,662		117,744
Digital Commerce Solutions	1,230,575		1,438,970		1,001,934
Other	—		—		210,171
Total for reportable segments	4,306,640		5,073,408		5,127,142
Reconciliation to consolidated amount:
Cash and cash equivalents	764,522		640,190		1,043,439
Short-term investments	38,448		127,388		59,814
Other corporate assets	727,523		282,146		246,204
Total assets	$	5,837,133	$	6,123,132	$	6,476,599

Identifiable long-lived assets:
United States	$	441,443	$	434,557	$	387,453
Outside United States	61,214		73,046		94,455
Total	$	502,657	$	507,603	$	481,908