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Business Segment Information | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Business Segment Information | NOTE 10. BUSINESS SEGMENT INFORMATION Financial information regarding 2023, 2022 and 2021 operations by the Company’s designated geographic areas is as follows:
|  | UNITED STATES |  |  | OTHER NORTH AMERICA |  |  | LATIN AMERICA |  |  | NORTH ASIA |  |  | SOUTH ASIA |  |  | EUROPE |  |  | MIDDLE EAST, AFRICA AND INDIA |  |  | ELIMINATIONS |  |  | CONSOLIDATED |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 3,311,327 |  |  |  | 436,331 |  |  |  | 197,344 |  |  |  | 2,180,808 |  |  |  | 865,261 |  |  |  | 1,808,624 |  |  |  | 505,194 |  |  |  | (4,779 | ) |  |  | 9,300,110 |
Directly related cost of transportation and other expenses 1 |  | $ | 1,809,526 |  |  |  | 270,080 |  |  |  | 117,376 |  |  |  | 1,700,025 |  |  |  | 612,606 |  |  |  | 1,200,753 |  |  |  | 345,873 |  |  |  | (2,239 | ) |  |  | 6,054,000 |
Salaries and other operating expenses 2 |  | $ | 1,037,997 |  |  |  | 143,237 |  |  |  | 69,595 |  |  |  | 273,074 |  |  |  | 175,770 |  |  |  | 493,335 |  |  |  | 115,710 |  |  |  | (2,541 | ) |  |  | 2,306,177 |
Operating income |  | $ | 463,804 |  |  |  | 23,014 |  |  |  | 10,373 |  |  |  | 207,709 |  |  |  | 76,885 |  |  |  | 114,536 |  |  |  | 43,611 |  |  |  | 1 |  |  |  | 939,933 |
Identifiable assets at period end |  | $ | 2,595,576 |  |  |  | 174,509 |  |  |  | 109,380 |  |  |  | 449,529 |  |  |  | 237,470 |  |  |  | 721,259 |  |  |  | 256,199 |  |  |  | (20,113 | ) |  |  | 4,523,809 |
Capital expenditures |  | $ | 23,845 |  |  |  | 1,247 |  |  |  | 442 |  |  |  | 1,534 |  |  |  | 971 |  |  |  | 7,830 |  |  |  | 3,445 |  |  |  | — |  |  |  | 39,314 |
Depreciation and amortization |  | $ | 44,039 |  |  |  | 1,879 |  |  |  | 1,123 |  |  |  | 4,597 |  |  |  | 1,940 |  |  |  | 11,313 |  |  |  | 2,869 |  |  |  | — |  |  |  | 67,760 |
Equity |  | $ | 1,774,874 |  |  |  | 19,222 |  |  |  | 54,581 |  |  |  | 158,329 |  |  |  | 103,573 |  |  |  | 167,141 |  |  |  | 154,038 |  |  |  | (40,345 | ) |  |  | 2,391,413 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 4,869,364 |  |  |  | 517,662 |  |  |  | 257,721 |  |  |  | 5,810,088 |  |  |  | 2,144,034 |  |  |  | 2,471,456 |  |  |  | 1,005,489 |  |  |  | (4,530 | ) |  |  | 17,071,284 |
Directly related cost of transportation and other expenses 1 |  | $ | 2,943,232 |  |  |  | 310,206 |  |  |  | 160,273 |  |  |  | 4,853,902 |  |  |  | 1,751,187 |  |  |  | 1,768,102 |  |  |  | 791,887 |  |  |  | (1,892 | ) |  |  | 12,576,897 |
Salaries and other operating expenses 2 |  | $ | 944,050 |  |  |  | 188,192 |  |  |  | 72,177 |  |  |  | 504,805 |  |  |  | 238,658 |  |  |  | 573,598 |  |  |  | 151,069 |  |  |  | (2,533 | ) |  |  | 2,670,016 |
Operating income 3 |  | $ | 982,082 |  |  |  | 19,264 |  |  |  | 25,271 |  |  |  | 451,381 |  |  |  | 154,189 |  |  |  | 129,756 |  |  |  | 62,533 |  |  |  | (105 | ) |  |  | 1,824,371 |
Identifiable assets at period end |  | $ | 3,070,697 |  |  |  | 209,516 |  |  |  | 123,003 |  |  |  | 675,022 |  |  |  | 316,777 |  |  |  | 938,660 |  |  |  | 283,872 |  |  |  | (27,113 | ) |  |  | 5,590,434 |
Capital expenditures |  | $ | 56,411 |  |  |  | 2,954 |  |  |  | 937 |  |  |  | 2,976 |  |  |  | 1,543 |  |  |  | 17,868 |  |  |  | 4,135 |  |  |  | — |  |  |  | 86,824 |
Depreciation and amortization |  | $ | 35,461 |  |  |  | 1,892 |  |  |  | 1,123 |  |  |  | 4,682 |  |  |  | 1,966 |  |  |  | 9,640 |  |  |  | 2,574 |  |  |  | — |  |  |  | 57,338 |
Equity |  | $ | 2,246,417 |  |  |  | 31,132 |  |  |  | 56,416 |  |  |  | 274,703 |  |  |  | 136,944 |  |  |  | 263,278 |  |  |  | 145,269 |  |  |  | (40,624 | ) |  |  | 3,113,535 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 4,344,825 |  |  |  | 440,226 |  |  |  | 209,161 |  |  |  | 6,363,054 |  |  |  | 2,046,569 |  |  |  | 2,258,911 |  |  |  | 865,509 |  |  |  | (4,738 | ) |  |  | 16,523,517 |
Directly related cost of transportation and other expenses 1 |  | $ | 2,491,947 |  |  |  | 245,842 |  |  |  | 125,940 |  |  |  | 5,295,612 |  |  |  | 1,666,792 |  |  |  | 1,558,705 |  |  |  | 675,303 |  |  |  | (1,986 | ) |  |  | 12,058,155 |
Salaries and other operating expenses 2 |  | $ | 1,019,236 |  |  |  | 123,147 |  |  |  | 57,779 |  |  |  | 515,703 |  |  |  | 204,574 |  |  |  | 494,760 |  |  |  | 143,581 |  |  |  | (2,744 | ) |  |  | 2,556,036 |
Operating income |  | $ | 833,642 |  |  |  | 71,237 |  |  |  | 25,442 |  |  |  | 551,739 |  |  |  | 175,203 |  |  |  | 205,446 |  |  |  | 46,625 |  |  |  | (8 | ) |  |  | 1,909,326 |
Identifiable assets at period end |  | $ | 3,699,748 |  |  |  | 265,872 |  |  |  | 122,327 |  |  |  | 1,587,659 |  |  |  | 572,980 |  |  |  | 1,089,963 |  |  |  | 350,843 |  |  |  | (79,463 | ) |  |  | 7,609,929 |
Capital expenditures |  | $ | 19,527 |  |  |  | 983 |  |  |  | 471 |  |  |  | 1,786 |  |  |  | 2,057 |  |  |  | 9,507 |  |  |  | 1,916 |  |  |  | — |  |  |  | 36,247 |
Depreciation and amortization |  | $ | 29,826 |  |  |  | 1,780 |  |  |  | 1,079 |  |  |  | 5,047 |  |  |  | 1,965 |  |  |  | 9,228 |  |  |  | 2,387 |  |  |  | — |  |  |  | 51,312 |
Equity |  | $ | 2,599,804 |  |  |  | 111,952 |  |  |  | 41,743 |  |  |  | 224,765 |  |  |  | 140,129 |  |  |  | 294,348 |  |  |  | 123,598 |  |  |  | (38,348 | ) |  |  | 3,497,991 |
1. Directly related cost of transportation and other expenses totals operating expenses from airfreight services, ocean freight and ocean services and customs brokerage and other services as shown in the consolidated statements of earnings. 2. Salaries and other operating expenses totals salaries and related, rent and occupancy, depreciation and amortization, selling and promotion and other as shown in the consolidated statements of earnings. 3. In 2022, Other North America operating income includes charges of $22 million related to non-income tax contingencies. Other than the United States, only the People’s Republic of China, including Hong Kong, represented more than 10% of the Company’s total revenue, total operating income, total identifiable assets or equity in any period presented as noted in the table below.
|  |  | 2023 |  | 2022 |  | 2021
| Revenues |  | 18% |  | 27% |  | 31%
| Operating income |  | 17% |  | 19% |  | 22%
| Identifiable assets at year end |  | 8% |  | 10% |  | 17%
| Equity |  | 5% |  | 7% |  | 4%

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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