Segment Information

Effective January 1, 2017, we revised our segment reporting to reflect a change in how we manage and report office shipping solutions, which were previously reported within the Global Ecommerce segment. The needs of retail and ecommerce clients differ from those of office shipping clients. Accordingly, we now report the results for office shipping solutions within Small & Medium Business Solutions and the retail and ecommerce shipping solutions remain in Global Ecommerce. 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 mailing and office solutions, financing services and supplies for small and medium businesses to efficiently create physical and digital mail, evidence postage and help simplify and save on the sending, tracking and receiving of letters, parcels and flats in the U.S. and Canada.

International Mailing: Includes the revenue and related expenses from mailing and office solutions, financing services and supplies for small and medium businesses to efficiently create physical and digital mail, evidence postage and help simplify and save on the sending, tracking and receiving of letters, parcels and flats 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 services for 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 customer engagement, customer information, and location intelligence software solutions and related support services.

Global Ecommerce: Include the worldwide revenue and related expenses from cross-border ecommerce transactions and domestic retail and ecommerce shipping solutions, including fulfillment and returns.

We determine segment 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 other items, which are not allocated to a particular business segment. Management uses segment EBIT to measure profitability and performance at the segment level and believes that it provides a useful measure of 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,
	2017		2016		2015
North America Mailing	$	1,356,561	$	1,427,094	$	1,530,060
International Mailing	383,670		411,642		449,828
Small & Medium Business Solutions	1,740,231		1,838,736		1,979,888
Production Mail	407,194		404,703		421,178
Presort Services	497,901		475,582		473,612
Enterprise Business Solutions	905,095		880,285		894,790
Software Solutions	352,380		348,234		385,908
Global Ecommerce	552,242		339,320		262,667
Digital Commerce Solutions	904,622		687,554		648,575
Other	—		—		54,807
Total revenue	$	3,549,948	$	3,406,575	$	3,578,060

Geographic data:
United States	$	2,738,711	$	2,589,535	$	2,681,285
Outside United States	811,237		817,040		896,775
Total	$	3,549,948	$	3,406,575	$	3,578,060



	EBIT
	Years Ended December 31,
	2017			2016			2015
North America Mailing	$	497,809		$	592,978		$	663,031
International Mailing	48,164			44,806			49,071
Small & Medium Business Solutions	545,973			637,784			712,102
Production Mail	50,513			54,061			48,254
Presort Services	97,506			95,258			104,655
Enterprise Business Solutions	148,019			149,319			152,909
Software Solutions	41,635			30,159			48,531
Global Ecommerce	(17,899		)	3,043			5,110
Digital Commerce Solutions	23,736			33,202			53,641
Other	—			—			10,569
Total EBIT	717,728			820,305			929,221
Reconciling items:
Interest, net	(164,162		)	(144,211		)	(159,374		)
Unallocated corporate expenses	(204,211		)	(189,215		)	(213,095		)
Goodwill impairment	—			(171,092		)	—
Restructuring charges and asset impairments, net	(59,431		)	(63,296		)	(25,782		)
Gain on sale of technology	6,085			—			—
Acquisition/disposition related expenses	(9,164		)	(5,585		)	(14,983		)
Other (expense) income, net	(3,856		)	(536		)	94,838
Income from continuing operations before income taxes	282,989			246,370			610,825
Provision for income taxes	21,649			131,819			189,778
(Loss) income from discontinued operations, net of tax	—			(2,701		)	5,271
Net income	$	261,340		$	111,850		$	426,318



	Depreciation and amortization
	Years Ended December 31,
	2017		2016		2015
North America Mailing	$	64,803	$	60,066	$	58,141
International Mailing	18,562		19,431		23,262
Small & Medium Business Solutions	83,365		79,497		81,403
Production Mail	2,686		4,421		4,075
Presort Services	26,541		27,929		27,305
Enterprise Business Solutions	29,227		32,350		31,380
Software Solutions	8,978		14,621		18,151
Global Ecommerce	36,662		30,607		21,025
Digital Commerce Solutions	45,640		45,228		39,176
Other	—		—		2,057
Total for reportable segments	158,232		157,075		154,016
Unallocated amount	24,104		21,411		19,296
Total depreciation and amortization	$	182,336	$	178,486	$	173,312



	Capital expenditures
	Years Ended December 31,
	2017		2016		2015
North America Mailing	$	69,131	$	83,547	$	60,621
International Mailing	11,982		3,163		11,196
Small & Medium Business Solutions	81,113		86,710		71,817
Production Mail	2,893		1,599		3,418
Presort Services	20,860		17,537		17,096
Enterprise Business Solutions	23,753		19,136		20,514
Software Solutions	9,181		4,617		1,688
Global Ecommerce	26,810		15,647		17,321
Digital Commerce Solutions	35,991		20,264		19,009
Other	—		—		857
Total for reportable segments	140,857		126,110		112,197
Unallocated amount	30,133		34,721		54,549
Total capital expenditures	$	170,990	$	160,831	$	166,746



	Assets
	December 31,
	2017		2016		2015
North America Mailing	$	1,959,206	$	2,066,480	$	2,562,816
International Mailing	552,570		532,647		594,564
Small & Medium Business Solutions	2,511,776		2,599,127		3,157,380
Production Mail	260,977		239,358		244,156
Presort Services	387,701		373,443		374,647
Enterprise Business Solutions	648,678		612,801		618,803
Software Solutions	658,737		645,349		858,308
Global Ecommerce	1,016,045		449,363		438,917
Digital Commerce Solutions	1,674,782		1,094,712		1,297,225
Total for reportable segments	4,835,236		4,306,640		5,073,408
Reconciliation to consolidated amount:
Cash and cash equivalents	1,009,021		764,522		640,190
Short-term investments	48,988		38,448		127,388
Other corporate assets	785,470		727,523		282,146
Total assets	$	6,678,715	$	5,837,133	$	6,123,132



Identifiable long-lived assets:
United States	$	506,064	$	441,443	$	434,557
Outside United States	58,250		61,214		73,046
Total	$	564,314	$	502,657	$	507,603