Segment Information

3 Months Ended

Sep. 30, 2011

Notes To Condensed Consolidated Financial Statements [Abstract]

Segment Information

14. Segment Information

We conduct our business activities in seven reporting segments within two business groups, Small & Medium Business Solutions and Enterprise Business Solutions. As a result of certain organizational changes effective January 1, 2011, we have reclassified prior year amounts to conform to the current year presentation. The principal products and services of each of our reporting segments are as follows:

Small & Medium Business Solutions:

North America Mailing: Includes the U.S. and Canadian revenue and related expenses from the sale, rental and financing of our mail finishing, mail creation, shipping equipment and software; supplies; support and other professional services; and payment solutions.

International Mailing: Includes the revenue and related expenses from the sale, rental and financing of our mail finishing, mail creation, shipping equipment and software; supplies; support and other professional services; and payment solutions outside North America.

Enterprise Business Solutions:

Production Mail: Includes the worldwide revenue and related expenses from the sale, support and other professional services of our high-speed, production mail systems, sorting and production print equipment and related software.

Software: Includes the worldwide revenue and related expenses from the sale and support services of non-equipment-based mailing, customer relationship and communication and location intelligence software.

Management Services: Includes worldwide revenue and related expenses from facilities management services; secure mail services; reprographic, document management services; and litigation support and eDiscovery services.

Mail Services: Includes worldwide revenue and related expenses from presort mail services and cross-border mail services.

Marketing Services: Includesrevenue and related expenses from direct marketing services for targeted customers.

Earnings before interest and taxes (EBIT), a non-GAAP measure, is determined by deducting from segment revenue the related costs and expenses attributable to the segment. EBIT excludes interest, taxes, general corporate expenses and restructuring charges, which are generally managed across the entire company on a consolidated basis, and asset impairments, including charges to goodwill.  EBIT is useful to management in demonstrating the operational profitability of the segments excluding centrally managed costs, and is also used for purposes of measuring the performance of our management team.  Segment EBIT, however, 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 for thethree and nine months endedSeptember 30, 2011 and 2010is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
Revenue:
North America Mailing	$	475,663	$	515,949	$	1,478,355	$	1,571,193
International Mailing		177,797		166,108		524,488		493,710
Small & Medium Business Solutions		653,460		682,057		2,002,843		2,064,903
Production Mail		117,220		135,886		382,595		383,231
Software		109,153		95,222		304,921		260,424
Management Services		235,428		245,113		717,513		748,538
Mail Services		143,055		147,941		421,611		425,103
Marketing Services		41,408		39,523		107,784		109,013
Enterprise Business Solutions		646,264		663,685		1,934,424		1,926,309
Total revenue	$	1,299,724	$	1,345,742	$	3,937,267	$	3,991,212

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
EBIT:
North America Mailing	$	177,280	$	189,670	$	532,727	$	555,475
International Mailing		25,105		18,668		75,033		56,231
Small & Medium Business Solutions		202,385		208,338		607,760		611,706
Production Mail		(3,426)		15,770		12,971		36,687
Software		16,564		7,571		31,618		17,082
Management Services		18,248		23,508		59,256		65,781
Mail Services		35,107		15,501		55,191		45,975
Marketing Services		8,716		8,571		19,668		20,430
Enterprise Business Solutions		75,209		70,921		178,704		185,955
Total EBIT		277,594		279,259		786,464		797,661
Reconciling items:
Interest, net (1)		(49,097)		(51,106)		(148,219)		(150,269)
Corporate expenses		(50,046)		(51,404)		(135,426)		(137,634)
Restructuring charges and asset impairments		(32,956)		(33,805)		(63,974)		(103,039)
Goodwill impairment		(45,650)		-		(45,650)		-
Income from continuing operations before income taxes	$	99,845	$	142,944	$	393,195	$	406,719

(1)       Interest, net includes financing interestexpense, other interest expense and interest income.