Segment Information

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

Small & Medium Business Solutions:

North America Mailing: Includes the revenue and related expenses from the sale, rental, financing and servicing of mailing equipment and supplies for small and medium 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, financing and servicing of mailing equipment and supplies for small and medium 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 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 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 of non-equipment-based mailing, customer information management, location intelligence and customer engagement solutions and related support services; (ii) shipping and global ecommerce solutions; and (iii) direct marketing services for targeted clients.

We determine segment earnings before interest and taxes (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 asset impairment charges, which are not allocated to a particular business segment. Management uses segment EBIT to measure profitability and performance at the segment level. Management believes segment EBIT provides a useful measure of our 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,
	2014		2013		2012
North America Mailing	$	1,491,927	$	1,555,585	$	1,643,855
International Mailing	572,440		602,582		601,629
Small & Medium Business Solutions	2,064,367		2,158,167		2,245,484
Production Mail	462,199		511,544		480,718
Presort Services	456,556		430,469		429,804
Enterprise Business Solutions	918,755		942,013		910,522
Digital Commerce Solutions	838,382		691,155		667,707
Total revenue	$	3,821,504	$	3,791,335	$	3,823,713
Geographic Data:
United States	$	2,743,957	$	2,654,301	$	2,669,074
Outside United States	1,077,547		1,137,034		1,154,639
Total	$	3,821,504	$	3,791,335	$	3,823,713

	EBIT
	Years Ended December 31,
	2014			2013			2012
North America Mailing	$	642,521		$	640,830		$	646,979
International Mailing	88,710			71,516			75,844
Small & Medium Business Solutions	731,231			712,346			722,823
Production Mail	47,543			55,000			48,981
Presort Services	98,230			83,259			106,170
Enterprise Business Solutions	145,773			138,259			155,151
Digital Commerce Solutions	83,725			54,777			53,242
Total EBIT	960,729			905,382			931,216
Reconciling items:
Interest, net	(169,450		)	(186,987		)	(184,675		)
Unallocated corporate expenses	(229,785		)	(217,458		)	(216,457		)
Restructuring charges and asset impairments, net	(84,560		)	(84,344		)	(17,176		)
Other expense, net	(45,738		)	(32,639		)	(1,138		)
Income from continuing operations before income taxes	$	431,196		$	383,954		$	511,770

	Depreciation and amortization
	Years Ended December 31,
	2014		2013		2012
North America Mailing	$	68,291	$	81,238	$	104,957
International Mailing	30,629		29,515		26,804
Small & Medium Business Solutions	98,920		110,753		131,761
Production Mail	7,740		15,740		12,227
Presort Services	28,462		29,999		26,753
Enterprise Business Solutions	36,202		45,739		38,980
Digital Commerce Solutions	33,654		24,361		30,167
Total for reportable segments	168,776		180,853		200,908
Reconciliation to consolidated amount:
Unallocated amount	29,312		14,052		16,785
Discontinued operations	—		16,338		37,863
Consolidated depreciation and amortization	$	198,088	$	211,243	$	255,556

	Capital expenditures
	Years Ended December 31,
	2014		2013		2012
North America Mailing	$	67,596	$	57,973	$	78,511
International Mailing	13,966		25,386		29,642
Small & Medium Business Solutions	81,562		83,359		108,153
Production Mail	801		2,875		12,339
Presort Services	17,457		12,512		17,220
Enterprise Business Solutions	18,258		15,387		29,559
Digital Commerce Solutions	12,467		25,562		4,794
Total for reportable segments	112,287		124,308		142,506
Reconciliation to consolidated amount:
Unallocated amount	68,269		4,876		1,231
Discontinued operations	—		8,328		32,849
Consolidated capital expenditures	$	180,556	$	137,512	$	176,586

	Assets
	December 31,
	2014		2013		2012
North America Mailing	$	2,614,123	$	2,767,743	$	2,863,233
International Mailing	687,233		856,073		866,620
Small & Medium Business Solutions	3,301,356		3,623,816		3,729,853
Production Mail	266,831		305,428		386,338
Presort Services	346,850		343,206		369,405
Enterprise Business Solutions	613,681		648,634		755,743
Digital Commerce Solutions	1,212,105		1,242,013		1,291,670
Total for reportable segments	5,127,142		5,514,463		5,777,266
Reconciliation to consolidated amount:
Cash and cash equivalents	1,079,145		907,806		913,276
Short-term investments	32,121		31,128		36,611
Other corporate assets	247,285		217,913		278,731
Discontinued operations	—		101,398		854,007
Consolidated assets	$	6,485,693	$	6,772,708	$	7,859,891

Identifiable long-lived assets:
United States	$	391,311	$	351,772	$	483,422
Outside United States	94,160		119,545		143,147
Total	$	485,471	$	471,317	$	626,569