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Segment Reporting | 9 Months Ended
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Sep. 30, 2016
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING Our primary measurement of segment financial performance, defined as segment “Earnings Before Tax” (EBT) from continuing operations, includes an allocation of Central Support Services (CSS) and excludes non-operating pension costs and certain professional fees associated with cost savings initiatives. Fleet Management Solutions (FMS) EBT, Dedicated Transportation Solutions (DTS) EBT and Supply Chain Solutions (SCS) EBT are our primary measures of segment performance. CSS represents those costs incurred to support all business segments, including human resources, finance, corporate services, public affairs, information technology, health and safety, legal, marketing and corporate communications. The objective of the EBT measurement is to provide clarity on the profitability of each segment and, ultimately, to hold leadership of each segment accountable for their allocated share of CSS costs. Certain costs are not attributable to any segment and remain unallocated in CSS, including costs for investor relations, public affairs and certain executive compensation. Our FMS segment leases revenue earning equipment and provides fuel, maintenance and other ancillary services to the DTS and SCS segments. Inter-segment revenue and EBT are accounted for at rates similar to those executed with third parties. EBT related to inter-segment equipment and services billed to customers (equipment contribution) are included in both FMS and the segment which served the customer and then eliminated (presented as “Eliminations”). The following tables set forth financial information for each of our segments and provide a reconciliation between segment EBT and earnings from continuing operations before income taxes for the three and nine months ended September 30, 2016 and 2015. Segment results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented.
| FMS |  | DTS |  | SCS |  | Eliminations |  | Total
| (In thousands)
For the three months ended September 30, 2016 |  |  |  |  |  |  |  |
Revenue from external customers | $ | 1,046,599 |  |  | 260,921 |  |  | 416,898 |  |  | — |  |  | 1,724,418 |
Inter-segment revenue | 108,412 |  |  | — |  |  | — |  |  | (108,412 | ) |  | — |
Total revenue | $ | 1,155,011 |  |  | 260,921 |  |  | 416,898 |  |  | (108,412 | ) |  | 1,724,418 |
Segment EBT | $ | 112,282 |  |  | 17,587 |  |  | 30,954 |  |  | (12,606 | ) |  | 148,217 |
Unallocated CSS |  |  |  |  |  |  |  |  | (9,313 | )
Non-operating pension costs |  |  |  |  |  |  |  |  | (7,206 | )
Earnings from continuing operations before income taxes |  |  |  |  |  |  |  |  | $ | 131,698 |
Segment capital expenditures paid (1) | $ | 375,779 |  |  | 1,060 |  |  | 8,181 |  |  | — |  |  | 385,020 |
Unallocated CSS capital expenditures paid |  |  |  |  |  |  |  |  | 6,157 |
Capital expenditures paid |  |  |  |  |  |  |  |  | $ | 391,177 |
For the three months ended September 30, 2015 |  |  |  |  |  |  |  |
Revenue from external customers | $ | 1,054,840 |  |  | 226,921 |  |  | 387,305 |  |  | — |  |  | 1,669,066 |
Inter-segment revenue | 102,738 |  |  | — |  |  | — |  |  | (102,738 | ) |  | — |
Total revenue | $ | 1,157,578 |  |  | 226,921 |  |  | 387,305 |  |  | (102,738 | ) |  | 1,669,066 |
Segment EBT | $ | 126,433 |  |  | 13,296 |  |  | 26,573 |  |  | (11,998 | ) |  | 154,304 |
Unallocated CSS |  |  |  |  |  |  |  |  | (10,070 | )
Non-operating pension costs |  |  |  |  |  |  |  |  | (4,780 | )
Other items (2) |  |  |  |  |  |  |  |  | 446 |
Earnings from continuing operations before income taxes |  |  |  |  |  |  |  |  | $ | 139,900 |
Segment capital expenditures paid (1) | $ | 740,049 |  |  | 1,175 |  |  | 4,195 |  |  | — |  |  | 745,419 |
Unallocated CSS capital expenditures paid |  |  |  |  |  |  |  |  | 12,657 |
Capital expenditures paid |  |  |  |  |  |  |  |  | $ | 758,076 |
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(1) | Excludes revenue earning equipment acquired under capital leases.
(2) | Consists of pension-related adjustments and certain professional fees associated with cost savings initiatives.
| FMS |  | DTS |  | SCS |  | Eliminations |  | Total
| (In thousands)
For the nine months ended September 30, 2016 |  |  |  |  |  |  |  |
Revenue from external customers | $ | 3,086,144 |  |  | 764,025 |  |  | 1,207,665 |  |  | — |  |  | 5,057,834 |
Inter-segment revenue | 318,308 |  |  | — |  |  | — |  |  | (318,308 | ) |  | — |
Total revenue | $ | 3,404,452 |  |  | 764,025 |  |  | 1,207,665 |  |  | (318,308 | ) |  | 5,057,834 |
Segment EBT | $ | 306,387 |  |  | 48,327 |  |  | 79,121 |  |  | (37,116 | ) |  | 396,719 |
Unallocated CSS |  |  |  |  |  |  |  |  | (30,193 | )
Non-operating pension costs |  |  |  |  |  |  |  |  | (21,691 | )
Pension-related adjustments (1) |  |  |  |  |  |  |  |  | (7,650 | )
Earnings from continuing operations before income taxes |  |  |  |  |  |  |  |  | $ | 337,185 |
Segment capital expenditures paid (2) | $ | 1,438,104 |  |  | 1,940 |  |  | 52,643 |  |  | — |  |  | 1,492,687 |
Unallocated CSS capital expenditures paid |  |  |  |  |  |  |  |  | 18,672 |
Capital expenditures paid |  |  |  |  |  |  |  |  | $ | 1,511,359 |
For the nine months ended September 30, 2015 |  |  |  |  |  |  |  |
Revenue from external customers | $ | 3,080,756 |  |  | 663,094 |  |  | 1,155,300 |  |  | — |  |  | 4,899,150 |
Inter-segment revenue | 313,321 |  |  | — |  |  | — |  |  | (313,321 | ) |  | — |
Total revenue | $ | 3,394,077 |  |  | 663,094 |  |  | 1,155,300 |  |  | (313,321 | ) |  | 4,899,150 |
Segment EBT | $ | 338,603 |  |  | 34,701 |  |  | 69,961 |  |  | (35,120 | ) |  | 408,145 |
Unallocated CSS |  |  |  |  |  |  |  |  | (32,936 | )
Non-operating pension costs |  |  |  |  |  |  |  |  | (14,351 | )
Other items (3) |  |  |  |  |  |  |  |  | (3,334 | )
Earnings from continuing operations before income taxes |  |  |  |  |  |  |  |  | $ | 357,524 |
Segment capital expenditures paid (2) | $ | 2,040,334 |  |  | 2,530 |  |  | 13,752 |  |  | — |  |  | 2,056,616 |
Unallocated CSS capital expenditures paid |  |  |  |  |  |  |  |  | 30,678 |
Capital expenditures paid |  |  |  |  |  |  |  |  | $ | 2,087,294 |
————————————
(1) | During the second quarter of 2016, we determined that certain pension benefit improvements made in 2009 were not fully reflected in our projected benefit obligation. We recognized a charge of $7.7 million related to these benefit improvements.
(2) | Excludes revenue earning equipment acquired under capital leases.
(3) | Consists of pension-related adjustments and certain professional fees associated with cost savings initiatives.

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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