SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Financial Information of Business Segments

The following table sets forth financial information for each of our segments and provides a reconciliation between segment EBT and earnings from continuing operations before income taxes.


	Three months ended June 30,						Six months ended June 30,
	2020		2019		2020		2019
	(In thousands)
Revenue:
Fleet Management Solutions:
ChoiceLease	$	766,161	$	757,271	$	1,558,367	$	1,497,329
SelectCare	125,851		136,360		261,997		272,138
Commercial rental	169,171		253,871		374,937		490,019
Other	12,332		22,996		35,758		46,225
Fuel services revenue	117,253		212,371		290,588		420,237
ChoiceLease liability insurance revenue ⁽¹⁾	7,409		8,041		16,767		16,561
Fleet Management Solutions	1,198,177		1,390,910		2,538,414		2,742,509
Supply Chain Solutions	519,318		649,311		1,147,765		1,284,982
Dedicated Transportation Solutions	293,944		362,244		628,832		711,865
Eliminations ⁽²⁾	(116,157)		(157,472)		(258,423)		(314,036)
Total revenue	$	1,895,282	$	2,244,993	$	4,056,588	$	4,425,320

Earnings (Loss) Before Taxes:
Fleet Management Solutions	$	(103,735)	$	57,746	$	(218,309)	$	118,657
Supply Chain Solutions	36,916		45,774		67,941		78,091
Dedicated Transportation Solutions	21,233		27,132		33,413		44,544
Eliminations	(7,745)		(19,166)		(17,814)		(36,468)
	(53,331)		111,486		(134,769)		204,824
Unallocated Central Support Services	(10,718)		(10,482)		(20,104)		(23,029)
Non-operating pension costs ⁽³⁾	(936)		(6,713)		(2,157)		(13,175)
Other items impacting comparability, net ⁽⁴⁾	(29,792)		8,778		(51,381)		2,600
Earnings (loss) from continuing operations before income taxes	$	(94,777)	$	103,069	$	(208,411)	$	171,220

_______________

(1)In the first quarter of 2020, we announced our plan to exit the extension of our liability insurance coverage for ChoiceLease customers. The exit of this program is estimated to be completed in the second quarter of 2021. We have reclassed the revenues associated with this program from our ChoiceLease revenues for better comparability of our on-going operations as this is now consistent with management reporting.

(2)Represents the elimination of intercompany revenues in our FMS business segment.

(3)Non-operating pension costs include the amortization of net actuarial loss and prior service costs, interest cost and expected return on plan assets

components of pension and postretirement benefit costs and pension settlement charges if one has occurred.

(4)Refer to Note 16, “Other Items Impacting Comparability,” for a discussion of items excluded from our primary measure of segment performance.

The following table sets forth the capital expenditures paid for each of our segments.


	FMS		SCS	DTS	CSS	Total
	(In thousands)
Three months ended June 30, 2020
Capital expenditures paid	$	256,216	13,868	339	3,547	$	273,970

Three months ended June 30, 2019
Capital expenditures paid	$	1,161,089	12,738	517	9,706	$	1,184,050

Six months ended June 30, 2020
Capital expenditures paid	$	679,332	19,874	763	4,961	$	704,930

Six months ended June 30, 2019
Capital expenditures paid	$	2,167,218	25,494	860	17,189	$	2,210,761