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Note 14 - Segment Information | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
14. | Segment Information
We have five reportable business segments which are based primarily on the services each segment provides. The JBI segment includes freight that is transported by rail over at least some portion of the movement and also includes certain repositioning truck freight moved by JBI equipment or third-party carriers, when such highway movement is intended to direct JBI equipment back toward intermodal operations. DCS segment business includes company-owned and customer-owned, DCS-operated revenue equipment and employee drivers assigned to a specific customer, traffic lane, or service. DCS operations usually include formal, written longer-term agreements or contracts that govern services performed and applicable rates. ICS provides non-asset and asset-light transportation solutions to customers through relationships with third-party carriers and integration with company-owned equipment. ICS services include flatbed, refrigerated, and LTL, as well as a variety of dry-van and intermodal solutions. ICS offers the majority of these services though an online multimodal marketplace via J.B. Hunt 360 that matches the right load with the right carrier and the best mode. FMS provides final-mile delivery services to customers through a nationwide network of cross-dock and other delivery system network locations. FMS provides both asset and non-asset big and bulky delivery and installation services, as well as fulfilment and retail-pooling distributions services. JBT business includes full-load, dry-van freight that is transported utilizing company-owned revenue equipment or third-party carriers utilizing company-owned trailing equipment as well as services though our J.B. Hunt 360box program which utilizes the J.B. Hunt 360 platform to access capacity and offer efficient drop trailer solutions to customers. This freight is typically transported over roads and highways and does not move by rail. All transactions between reporting segments are eliminated in consolidation. Our customers are geographically dispersed across the United States. A summary of certain segment information is presented below (in millions):
|  | Assets (Excludes intercompany accounts) |
|  | December 31, |
|  | 2021 |  |  | 2020 |
JBI |  | $ | 2,858 |  |  | $ | 2,426 |
DCS |  |  | 1,630 |  |  |  | 1,482 |
ICS |  |  | 428 |  |  |  | 301 |
FMS |  |  | 472 |  |  |  | 486 |
JBT |  |  | 403 |  |  |  | 286 |
Other (includes corporate) |  |  | 1,003 |  |  |  | 947 |
Total |  | $ | 6,794 |  |  | $ | 5,928 |
|  | Revenues |
|  | Years ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
JBI |  | $ | 5,454 |  |  | $ | 4,675 |  |  | $ | 4,745 |
DCS |  |  | 2,578 |  |  |  | 2,196 |  |  |  | 2,128 |
ICS |  |  | 2,538 |  |  |  | 1,658 |  |  |  | 1,348 |
FMS |  |  | 842 |  |  |  | 689 |  |  |  | 567 |
JBT |  |  | 796 |  |  |  | 463 |  |  |  | 389 |
Total segment revenues |  |  | 12,208 |  |  |  | 9,681 |  |  |  | 9,177 |
Intersegment eliminations |  |  | (40 | ) |  |  | (44 | ) |  |  | (12 | )
Total |  | $ | 12,168 |  |  | $ | 9,637 |  |  | $ | 9,165 |
|  | Operating Income |
|  | Years ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
JBI |  | $ | 603 |  |  | $ | 428 |  |  | $ | 447 |
DCS |  |  | 304 |  |  |  | 314 |  |  |  | 278 |
ICS |  |  | 46 |  |  |  | (45 | ) |  |  | (11 | )
FMS |  |  | 28 |  |  |  | (1 | ) |  |  | (9 | )
JBT |  |  | 65 |  |  |  | 17 |  |  |  | 29 |
Total |  | $ | 1,046 |  |  | $ | 713 |  |  | $ | 734 |
|  | Depreciation and Amortization Expense |
|  | Years ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
JBI |  | $ | 198 |  |  | $ | 189 |  |  | $ | 181 |
DCS |  |  | 233 |  |  |  | 224 |  |  |  | 216 |
FMS |  |  | 35 |  |  |  | 33 |  |  |  | 30 |
JBT |  |  | 36 |  |  |  | 34 |  |  |  | 33 |
Other |  |  | 55 |  |  |  | 47 |  |  |  | 39 |
Total |  | $ | 557 |  |  | $ | 527 |  |  | $ | 499 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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