Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2016

Business segment revenue and EBT from continuing operations

Business segment revenue and EBT from continuing operations is as follows:



	Years ended December 31,
	2016			2015		2014
	(In thousands)
Revenue:
Fleet Management Solutions:
Full service lease	$	2,362,040		2,220,929		2,102,703
Commercial rental	808,912			900,624		836,719
Full service lease and commercial rental	3,170,952			3,121,553		2,939,422
Contract maintenance	197,688			190,989		182,411
Contract-related maintenance	217,819			200,148		196,841
Other	78,042			77,625		71,064
Fuel services revenue	463,738			538,277		787,887
Total Fleet Management Solutions from external customers	4,128,239			4,128,592		4,177,625
Inter-segment revenue	427,955			417,100		478,133
Fleet Management Solutions	4,556,194			4,545,692		4,655,758
Dedicated Transportation Solutions	1,020,895			895,538		899,802
Supply Chain Solutions	1,637,850			1,547,763		1,561,347
Eliminations	(427,955		)	(417,100	)	(478,133	)
Total revenue	$	6,786,984		6,571,893		6,638,774

EBT:
Fleet Management Solutions	$	370,754		462,109		433,736
Dedicated Transportation Solutions	63,611			45,800		44,556
Supply Chain Solutions	105,561			93,754		77,800
Eliminations	(50,148		)	(47,193	)	(41,361	)
	$	489,778		554,470		514,731
Unallocated Central Support Services	(40,945		)	(48,510	)	(51,740	)
Non-operating pension costs	(29,728		)	(19,186	)	(9,768	)
Restructuring and other charges, net and other items ⁽¹⁾	(12,724		)	(17,559	)	(114,956	)
Earnings before income taxes from continuing operations	$	406,381		469,215		338,267

______________


(1)	See Note 24, “Other Items Impacting Comparability,” for a discussion of items excluded from our primary measure of segment performance.

Share-based compensation, depreciation expense, gains on vehicle sales, net, other non-cash charges, net, interest expense (income), capital expenditures and total assets

The following table sets forth share-based compensation expense, depreciation expense, used vehicle sales, net, amortization expense and other non-cash charges, net, interest expense (income), capital expenditures paid and total assets for the years ended December 31, 2016, 2015 and 2014, as provided to the chief operating decision-maker for each of Ryder’s reportable business segments:



	FMS			DTS		SCS		CSS		Eliminations		Total
	(In thousands)
2016
Share-based compensation expense	$	5,464		1,254		2,764		9,182		—		18,664
Depreciation expense ⁽¹⁾	$	1,156,888		3,222		25,956		984		—		1,187,050
Used vehicle sales, net	$	(724	)	(90	)	(158	)	—		—		(972	)
Amortization expense and other non-cash charges, net	$	34,652		1,027		3,215		29,366		—		68,260
Interest expense (income) ⁽²⁾	$	151,297		(1,901	)	(1,663	)	110		—		147,843
Capital expenditures paid	$	1,814,146		2,551		64,186		24,274		—		1,905,157
Total assets	$	9,954,452		255,845		713,190		198,394		(219,427	)	10,902,454
2015
Share-based compensation expense	$	5,672		1,155		3,400		10,954		—		21,181
Depreciation expense ⁽¹⁾	$	1,092,750		3,184		25,721		311		—		1,121,966
Used vehicle sales, net	$	(99,758	)	(54	)	(41	)	—		—		(99,853	)
Amortization expense and other non-cash charges, net	$	36,348		1,878		2,971		29,565		—		70,762
Interest expense (income) ⁽²⁾	$	154,276		(1,597	)	(2,174	)	(71	)	—		150,434
Capital expenditures paid	$	2,595,961		3,570		27,841		40,606		—		2,667,978
Total assets	$	10,061,092		275,634		636,647		202,129		(222,922	)	10,952,580
2014
Share-based compensation expense	$	4,895		720		3,661		11,629		—		20,905
Depreciation expense ⁽¹⁾	$	1,018,017		3,211		25,636		185		—		1,047,049
Used vehicle sales, net	$	(115,646	)	5		(419	)	—		—		(116,060	)
Pension lump sum settlement expense	$	76,239		3,335		3,277		14,380		—		97,231
Amortization expense and other non-cash charges, net	$	19,936		516		1,309		25,502		—		47,263
Interest expense (income) ⁽²⁾	$	147,247		(1,520	)	(807	)	(181	)	—		144,739
Capital expenditures paid ⁽³⁾	$	2,166,319		1,883		20,941		70,021		—		2,259,164
Total assets	$	8,998,788		211,388		673,876		193,484		(239,760	)	9,837,776

____________


(1)	Depreciation expense associated with CSS assets was allocated to business segments based upon estimated and planned asset utilization. Depreciation expense totaling $24 million, $22 million and $21 million during 2016, 2015 and 2014, respectively, associated with CSS assets was allocated to other business segments.


(2)	Interest expense was primarily allocated to the FMS segment since such borrowings were used principally to fund the purchase of revenue earning equipment used in FMS; however, interest income was also reflected in DTS and SCS based on targeted segment leverage ratios.


(3)	Excludes acquisition payments of $10 million in 2014. See Note 3, “Acquisitions,” for additional information.

Geographic Information



	Years ended December 31,
	2016		2015	2014
	(In thousands)
Revenue:
United States	$	5,892,384	5,603,697	5,614,037
Foreign:
Canada	387,713		408,325	435,280
Europe	339,420		391,339	400,853
Mexico	139,176		139,583	158,481
Asia	28,291		28,949	30,123
	894,600		968,196	1,024,737
Total	$	6,786,984	6,571,893	6,638,774
Long-lived assets:
United States	$	7,854,845	7,817,628	6,790,946
Foreign:
Canada	532,403		504,027	530,316
Europe	472,027		545,630	553,467
Mexico	33,979		31,993	26,230
Asia	338		427	521
	1,038,747		1,082,077	1,110,534
Total	$	8,893,592	8,899,705	7,901,480