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Segment Information
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Segment Information Segment Information
Our reportable segments are Global Ecommerce, Presort Services and SendTech Solutions. Global Ecommerce and Presort Services comprise the Commerce Services reporting group. The principal products and services of each reportable segment are as follows:
Global Ecommerce: Includes the revenue and related expenses from products and services that facilitate domestic retail and ecommerce shipping solutions, including fulfillment and returns, and global cross-border ecommerce transactions.
Presort Services: Includes revenue and related expenses from sortation services to qualify large volumes of First Class Mail, Marketing Mail and Marketing Mail Flats and Bound Printed Matter for postal worksharing discounts.
SendTech Solutions: Includes the revenue and related expenses from physical and digital mailing and shipping technology solutions, financing, services, supplies and other applications to help simplify and save on the sending, tracking and receiving of letters, parcels and flats.
Management measures segment profitability and performance using segment earnings before interest and taxes (EBIT). Segment EBIT is calculated by deducting from segment revenue the related costs and expenses attributable to the segment. Segment EBIT excludes interest, taxes, general corporate expenses, restructuring charges, asset impairment charges and other items not allocated to a particular business segment. Management believes that it provides investors a useful measure of operating performance and underlying trends of the business. 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 and reconciliation of segment EBIT to net income (loss).

Revenue
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Global Ecommerce$409,981 $278,995 $1,100,757 $827,568 
Presort Services127,705 131,483 386,552 394,468 
Commerce Services537,686 410,478 1,487,309 1,222,036 
SendTech Solutions354,212 379,647 1,038,349 1,151,746 
Total revenue$891,898 $790,125 $2,525,658 $2,373,782 
EBIT
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Global Ecommerce$(19,757)$(21,793)$(68,126)$(51,969)
Presort Services14,481 17,687 42,758 48,215 
Commerce Services(5,276)(4,106)(25,368)(3,754)
SendTech Solutions112,599 130,954 323,429 378,095 
Total segment EBIT107,323 126,848 298,061 374,341 
Reconciliation of Segment EBIT to net income (loss):  
Unallocated corporate expenses(53,429)(58,277)(146,640)(160,283)
Restructuring charges and asset impairments(3,766)(47,017)(12,505)(56,616)
Interest expense, net(38,801)(39,730)(115,558)(117,758)
Gain on sale of equity investment — 11,908 — 
Goodwill impairment — (198,169)— 
Loss on extinguishment of debt (667)(36,987)(667)
Loss on dispositions —  (17,683)
Transaction costs (707)(641)(2,573)
(Provision) benefit for income taxes(554)24,895 (7,540)13,351 
Income (loss) from continuing operations 10,773 5,345 (208,071)32,112 
Income (loss) from discontinued operations, net of tax616 (8,470)7,648 (14,199)
Net income (loss)$11,389 $(3,125)$(200,423)$17,913 
During the three and nine months ended September 30, 2020, we received insurance proceeds of $6 million and $15 million, respectively, related to the October 2019 malware attack, a portion of which has been recorded to the business segments and reflected in segment EBIT.