Segment Information

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

During the year, we sold certain businesses and realigned our segment reporting to reflect the clients we serve, the solutions we offer, and how we manage, review, analyze and measure our operations (See Note 1). Our historical results have been recast to present the operating results of divested businesses as discontinued operations and our segment results have been recast to conform to our new segment reporting. All segment related disclosures have been recast throughout the financial statements, where appropriate. 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 and financing of mailing equipment and supplies for small and medium size businesses to efficiently create mail and evidence postage in the U.S. and Canada.

International Mailing: Includes the revenue and related expenses from the sale, rental and financing of mailing equipment and supplies for small and medium size businesses to efficiently create mail and evidence postage in areas 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 sorting and production print equipment and production mail systems 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:

Digital Commerce Solutions: Includes the worldwide revenue and related expenses from (i) the sale and support services of non-equipment-based mailing, client relationship and communication and location intelligence software; (ii) direct marketing services for targeted clients; (iii) cross-border e-commerce solutions; and (iv) digital mail delivery service offering.

Revenue and segment earnings before interest and taxes (EBIT) for our reportable segments for the years ended December 31, 2013, 2012 and 2011 are presented in the tables below. Segment EBIT is determined by deducting from segment revenue the related costs and expenses attributable to the segment. Segment EBIT excludes interest, taxes, general corporate expenses not allocated to a particular business segment, restructuring charges and impairment charges, which are recognized on a consolidated basis. Management uses segment EBIT to measure profitability and performance at the segment level. Management believes segment EBIT provides investors with an analysis of the company's 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.

	Revenues
	Years Ended December 31,
	2013		2012		2011
North America Mailing	$	1,555,585	$	1,643,855	$	1,792,044
International Mailing	602,582		601,629		654,812
Small & Medium Business Solutions	2,158,167		2,245,484		2,446,856
Production Mail	511,544		480,718		511,595
Presort Services	430,469		429,804		396,853
Enterprise Business Solutions	942,013		910,522		908,448
Digital Commerce Solutions	691,155		667,707		675,365
Total revenue	$	3,791,335	$	3,823,713	$	4,030,669

	EBIT
	Years Ended December 31,
	2013			2012			2011
North America Mailing	$	640,830		$	646,979		$	691,500
International Mailing	71,516			75,844			92,823
Small & Medium Business Solutions	712,346			722,823			784,323
Production Mail	55,000			48,981			52,817
Presort Services	83,259			106,170			100,718
Enterprise Business Solutions	138,259			155,151			153,535
Digital Commerce Solutions	54,777			53,242			53,621
Total EBIT	905,382			931,216			991,479
Reconciling items:
Interest, net (1)	(186,987		)	(184,675		)	(193,418		)
Corporate and other expenses	(217,458		)	(216,457		)	(233,733		)
Restructuring charges and asset impairments	(84,344		)	(17,176		)	(118,630		)
Other (expense) income	(32,639		)	(1,138		)	19,918
Income from continuing operations before income taxes	$	383,954		$	511,770		$	465,616

(1) Includes financing interest expense, other interest expense and interest income.

	Years Ended December 31,
	2013		2012		2011
Depreciation and amortization:
North America Mailing	$	81,238	$	104,957	$	123,252
International Mailing	29,515		26,804		29,961
Small & Medium Business Solutions	110,753		131,761		153,213
Production Mail	15,740		12,227		10,682
Presort Services	29,999		26,753		25,389
Enterprise Business Solutions	45,739		38,980		36,071
Digital Commerce Solutions	24,361		30,167		39,540
Total for reportable segments	180,853		200,908		228,824
Reconciliation to consolidated amount:
Discontinued operations	16,338		37,863		28,662
Unallocated amount	14,052		16,785		14,656
Consolidated depreciation and amortization	$	211,243	$	255,556	$	272,142

	Years Ended December 31,
	2013		2012		2011
Capital expenditures:
North America Mailing	$	57,973	$	78,511	$	57,308
International Mailing	25,386		29,642		13,905
Small & Medium Business Solutions	83,359		108,153		71,213
Production Mail	2,875		12,339		11,419
Presort Services	12,512		17,220		34,931
Enterprise Business Solutions	15,387		29,559		46,350
Digital Commerce Solutions	25,562		4,794		5,413
Total for reportable segments	124,308		142,506		122,976
Reconciliation to consolidated amount:
Discontinued operations	8,328		32,849		18,909
Unallocated amount	4,876		1,231		14,095
Consolidated capital expenditures	$	137,512	$	176,586	$	155,980

	December 31,
	2013		2012		2011
Assets:
North America Mailing	$	2,767,743	$	2,863,233	$	3,100,369
International Mailing	856,073		866,620		783,610
Small & Medium Business Solutions	3,623,816		3,729,853		3,883,979
Production Mail	305,428		386,338		482,265
Presort Services	343,206		369,405		395,299
Enterprise Business Solutions	648,634		755,743		877,564
Digital Commerce Solutions	1,242,013		1,291,670		1,304,437
Total for reportable segments	5,514,463		5,777,266		6,065,980
Reconciliation to consolidated amount:
Discontinued operations	101,398		854,007		889,955
Cash and cash equivalents	907,806		913,276		856,238
Short-term investments	31,128		36,611		12,971
Other corporate assets	217,913		278,731		321,960
Consolidated assets	$	6,772,708	$	7,859,891	$	8,147,104

Geographic Data

	Years Ended December 31,
	2013		2012		2011
Revenue:
United States	$	2,654,301	$	2,669,074	$	2,781,692
Outside United States	1,137,034		1,154,639		1,248,977
Total	$	3,791,335	$	3,823,713	$	4,030,669

	December 31,
	2013		2012		2011
Identifiable long-lived assets:
United States	$	2,210,510	$	2,831,810	$	2,749,101
Outside United States	781,313		836,346		910,048
Total	$	2,991,823	$	3,668,156	$	3,659,149