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Business Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | 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.
Schedule of Revenues Operating Income and Long-lived Assets Attributed to Material Foreign Countries | 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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