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Revenue
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregated Revenue
The following tables disaggregate our revenue by source and timing of recognition:
Year Ended December 31, 2024
SendTech SolutionsPresort Services
Other
Revenue from products and servicesRevenue from leasing transactions and financingTotal consolidated revenue
Revenue from products and services
Business services$139,309 $662,587 $84,145 $886,041 $— $886,041 
Support services374,571 — — 374,571 — 374,571 
Financing — — — — 269,893 269,893 
Equipment sales90,715 — — 90,715 196,885 287,600 
Supplies143,245 — — 143,245 — 143,245 
Rentals— — — — 65,248 65,248 
Subtotal747,840 662,587 84,145 1,494,572 $532,026 $2,026,598 
Revenue from leasing transactions and financing532,026 — — 532,026 
     Total revenue$1,279,866 $662,587 $84,145 $2,026,598 
Timing of revenue recognition from products and services
Products/services transferred at a point in time$296,691 $— $— $296,691 
Products/services transferred over time451,149 662,587 84,145 1,197,881 
      Total$747,840 $662,587 $84,145 $1,494,572 

Year Ended December 31, 2023
SendTech SolutionsPresort Services
Other
Revenue from products and servicesRevenue from leasing transactions and financingTotal consolidated revenue
Revenue from products and services
Business services$106,594 $617,599 $133,453 $857,646 $— $857,646 
Support services410,734 — — 410,734 — 410,734 
Financing — — — — 271,197 271,197 
Equipment sales88,144 — — 88,144 235,595 323,739 
Supplies147,709 — — 147,709 — 147,709 
Rentals— — — — 67,900 67,900 
Subtotal753,181 617,599 133,453 1,504,233 $574,692 $2,078,925 
Revenue from leasing transactions and financing574,692 — — 574,692 
     Total revenue$1,327,873 $617,599 $133,453 $2,078,925 
Timing of revenue recognition from products and services
Products/services transferred at a point in time$306,415 $— $— $306,415 
Products/services transferred over time446,766 617,599 133,453 1,197,818 
      Total$753,181 $617,599 $133,453 $1,504,233 
Year Ended December 31, 2022
SendTech SolutionsPresort Services
Other
Revenue from products and servicesRevenue from leasing transactions and financingTotal consolidated revenue
Revenue from products and services
Business services$230,654 $602,016 $362,112 $1,194,782 $— $1,194,782 
Support services438,191 — — 438,191 — 438,191 
Financing — — — — 274,508 274,508 
Equipment sales88,022 — — 88,022 266,938 354,960 
Supplies154,186 — — 154,186 — 154,186 
Rentals— — — — 66,256 66,256 
Subtotal911,053 602,016 362,112 1,875,181 $607,702 $2,482,883 
Revenue from leasing transactions and financing607,702 — — 607,702 
     Total revenue$1,518,755 $602,016 $362,112 $2,482,883 
Timing of revenue recognition from products and services
Products/services transferred at a point in time$318,439 $— $— $318,439 
Products/services transferred over time592,614 602,016 362,112 1,556,742 
      Total$911,053 $602,016 $362,112 $1,875,181 
Our performance obligations for revenue from products and services are as follows:
Business services includes mail processing services, shipping subscription solutions and cross-border solutions. Revenue for mail processing services and cross-border solutions are recognized over time using an output method based on the number of parcels or mail pieces either processed or delivered, depending on the service type, since that measure best depicts the value of goods and services transferred to the client over the contract period. Contract terms for these services initially range from one to five years and contain annual renewal options. Revenue for shipping subscription solutions is recognized ratably over the contract period as the client obtains equal benefit from these services throughout the period.
Support services includes providing maintenance, professional and subscription services for our equipment and digital mailing and shipping technology solutions. Contract terms range from one to five years. Revenue for maintenance and subscription services is recognized ratably over the contract period and revenue for professional services is recognized when services are provided.

Equipment sales generally includes the sale of mailing and shipping equipment, excluding sales-type leases. We recognize revenue upon delivery for self-install equipment and upon acceptance or installation for other equipment.

Supplies revenue includes revenue from the sale of supplies for our mailing equipment and is recognized upon delivery.
Revenue from leasing transactions and financing includes revenue from sales-type and operating leases, finance income, late fees and investment income, gains and losses at the Bank.

Advance Billings from Contracts with Customers
Balance Sheet LocationDecember 31, 2024December 31, 2023Increase/ (decrease)
Advance billings, current Advance billings$63,732 $69,295 $(5,563)
Advance billings, noncurrent Other noncurrent liabilities$159 $507 $(348)

Advance billings are recorded when cash payments are due in advance of our performance. Revenue is recognized ratably over the contract term. Items in advance billings primarily relate to support services on mailing equipment. Revenue recognized during the twelve months ended December 31, 2024 includes $49 million of advance billings at the beginning of the period. Advance billings, current at December 31, 2024 and 2023 also includes $6 million and $7 million, respectively, from leasing transactions.
Future Performance Obligations
Future performance obligations primarily include maintenance and subscription services bundled with our leasing contracts. The transaction prices allocated to future performance obligations will be recognized as follows:
2025
2026
2027-2029
Total
SendTech Solutions$245,312 $199,588 $247,500 $692,400 

The table above does not include revenue for performance obligations under contracts with terms less than 12 months or revenue for performance obligations where revenue is recognized based on the amount billable to the customer.