Business Segments, Geographic Information and Major Customers (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of revenue, gross profit, income from operations, depreciation and amortization and capital expenditures by segment

Information concerning our revenue, gross profit and income from operations by segment is as follows (in millions):



	For the Year Ended December 31,
	2019			2018			2017
Revenue:
Aviation segment	$	18,479.5		$	19,119.7		$	14,538.2
Land segment	10,280.9			11,381.1			10,958.0
Marine segment	8,058.5			9,249.5			8,199.3
	$	36,819.0		$	39,750.3		$	33,695.5
Gross profit:
Aviation segment	$	551.6		$	507.8		$	440.5
Land segment	378.9			364.9			365.8
Marine segment	181.5			145.8			126.0
	$	1,112.0		$	1,018.5		$	932.2
Income from operations:⁽¹⁾⁽²⁾
Aviation segment	$	283.9		$	250.6		$	192.9
Land segment	55.0			47.8			(7.9		)
Marine segment	67.1			37.8			(57.8		)
	406.1			336.3			127.2
Corporate overhead - unallocated	(106.4		)	(76.6		)	(81.6		)
	$	299.7		$	259.7		$	45.6
Depreciation and amortization:
Aviation segment	$	28.5		$	27.5		$	26.8
Land segment	48.0			46.5			49.8
Marine segment	4.5			2.2			5.8
Corporate	6.4			5.3			3.5
	$	87.4		$	81.5		$	86.0
Capital expenditures:
Aviation segment	$	23.0		$	19.7		$	12.3
Land segment	26.9			30.9			21.0
Marine segment	28.3			2.9			1.5
Corporate	2.7			18.8			19.1
	$	80.9		$	72.3		$	54.0


(1)	Includes $19.7 million, $17.1 million and $52.4 million of restructuring charges for the years ended December 31, 2019, 2018 and 2017, respectively.

(2)

Includes a $79.1 million impairment charge attributable to the impairment of goodwill and other long term assets, and $1.4 million of restructuring charges in 2017.

Schedule of accounts receivable, net and total assets by segment

Information concerning our accounts receivable, net, and total assets by segment is as follows (in millions):



	As of December 31,
	2019		2018
Accounts receivable, net:
Aviation segment, net of allowance for bad debt of $14.6 and $17.7 as of December 31, 2019 and December 31, 2018, respectively	$	1,098.2	$	992.2
Land segment, net of allowance for bad debt of $2.8 and $2.7 as of December 31, 2019 and December 31, 2018, respectively	863.2		846.1
Marine segment, net of allowance for bad debt of $18.0 and $19.0 as of December 31, 2019 and December 31, 2018, respectively	930.5		901.2
	$	2,891.9	$	2,739.6
Total assets:
Aviation segment	$	2,416.5	$	2,261.0
Land segment	2,089.4		2,178.1
Marine segment	1,189.7		1,124.2
Corporate	296.8		113.6
	$	5,992.4	$	5,676.9

Schedule of revenue, income from operations, non-current assets and total assets by geographic segment

Information concerning our revenue and property and equipment, net, as segregated between the Americas, EMEA (Europe, Middle East and Africa) and the Asia Pacific regions, is presented as follows, based on the country of incorporation of the relevant subsidiary (in millions):



	For the Year ended December 31,
	2019		2018		2017
Revenue:
United States	$	19,365.2	$	20,555.5	$	17,938.0
EMEA (1) (3)	9,235.1		9,721.9		7,553.3
Asia Pacific (2) (3)	4,581.1		5,537.2		4,923.0
Americas, excluding United States	3,637.6		3,935.6		3,281.2
Total	$	36,819.0	$	39,750.3	$	33,695.5



	As of December 31,
	2019		2018
Property and equipment, net:
United States	$	173.0	$	175.1
EMEA	135.7		124.5
Asia Pacific	44.2		7.5
Americas, excluding United States	8.0		43.1
Total	$	360.9	$	350.3


(1)	Includes revenue related to the U.K. of $5.5 billion, $6.3 billion and $5.0 billion for 2019, 2018 and 2017, respectively.


(2)	Includes revenue related to Singapore of $4.5 billion, $5.4 billion and $4.8 billion for 2019, 2018 and 2017, respectively.


(3)	Geographic revenue information in this table includes impacts from derivatives and hedging activities, which are excluded from that geographic revenue information presented at Note 15. Revenue.