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SEGMENT REPORTING (Tables) | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Schedule of Financial Information of Business Segments | The following table sets forth financial information for each of our segments and provides a reconciliation between segment EBT and earnings from continuing operations before income taxes.
|  | Three months ended June 30, |  |  |  | Six months ended June 30, |  |
|  | 2020 |  | 2019 |  | 2020 |  | 2019
|  | (In thousands) |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |
Fleet Management Solutions: |  |  |  |  |  |  |  |
ChoiceLease |  | $ | 766,161 |  |  | $ | 757,271 |  |  | $ | 1,558,367 |  |  | $ | 1,497,329 |
SelectCare |  | 125,851 |  |  | 136,360 |  |  | 261,997 |  |  | 272,138 |
Commercial rental |  | 169,171 |  |  | 253,871 |  |  | 374,937 |  |  | 490,019 |
Other |  | 12,332 |  |  | 22,996 |  |  | 35,758 |  |  | 46,225 |
Fuel services revenue |  | 117,253 |  |  | 212,371 |  |  | 290,588 |  |  | 420,237 |
ChoiceLease liability insurance revenue (1) |  | 7,409 |  |  | 8,041 |  |  | 16,767 |  |  | 16,561 |
Fleet Management Solutions |  | 1,198,177 |  |  | 1,390,910 |  |  | 2,538,414 |  |  | 2,742,509 |
Supply Chain Solutions |  | 519,318 |  |  | 649,311 |  |  | 1,147,765 |  |  | 1,284,982 |
Dedicated Transportation Solutions |  | 293,944 |  |  | 362,244 |  |  | 628,832 |  |  | 711,865 |
Eliminations (2) |  | (116,157) |  |  | (157,472) |  |  | (258,423) |  |  | (314,036) |
Total revenue |  | $ | 1,895,282 |  |  | $ | 2,244,993 |  |  | $ | 4,056,588 |  |  | $ | 4,425,320 |
Earnings (Loss) Before Taxes: |  |  |  |  |  |  |  |
Fleet Management Solutions |  | $ | (103,735) |  |  | $ | 57,746 |  |  | $ | (218,309) |  |  | $ | 118,657 |
Supply Chain Solutions |  | 36,916 |  |  | 45,774 |  |  | 67,941 |  |  | 78,091 |
Dedicated Transportation Solutions |  | 21,233 |  |  | 27,132 |  |  | 33,413 |  |  | 44,544 |
Eliminations |  | (7,745) |  |  | (19,166) |  |  | (17,814) |  |  | (36,468) |
|  | (53,331) |  |  | 111,486 |  |  | (134,769) |  |  | 204,824 |
Unallocated Central Support Services |  | (10,718) |  |  | (10,482) |  |  | (20,104) |  |  | (23,029) |
Non-operating pension costs (3) |  | (936) |  |  | (6,713) |  |  | (2,157) |  |  | (13,175) |
Other items impacting comparability, net (4) |  | (29,792) |  |  | 8,778 |  |  | (51,381) |  |  | 2,600 |
Earnings (loss) from continuing operations before income taxes |  | $ | (94,777) |  |  | $ | 103,069 |  |  | $ | (208,411) |  |  | $ | 171,220 |
_______________ (1)In the first quarter of 2020, we announced our plan to exit the extension of our liability insurance coverage for ChoiceLease customers. The exit of this program is estimated to be completed in the second quarter of 2021. We have reclassed the revenues associated with this program from our ChoiceLease revenues for better comparability of our on-going operations as this is now consistent with management reporting. (2)Represents the elimination of intercompany revenues in our FMS business segment. (3)Non-operating pension costs include the amortization of net actuarial loss and prior service costs, interest cost and expected return on plan assets components of pension and postretirement benefit costs and pension settlement charges if one has occurred. (4)Refer to Note 16, “Other Items Impacting Comparability,” for a discussion of items excluded from our primary measure of segment performance. The following table sets forth the capital expenditures paid for each of our segments.
|  | FMS |  | SCS |  | DTS |  | CSS |  |  |  | Total
|  | (In thousands) |  |  |  |  |  |  |  |  |  |
Three months ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures paid |  | $ | 256,216 |  |  | 13,868 |  |  | 339 |  |  | 3,547 |  |  |  |  | $ | 273,970 |
Three months ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures paid |  | $ | 1,161,089 |  |  | 12,738 |  |  | 517 |  |  | 9,706 |  |  |  |  | $ | 1,184,050 |
Six months ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures paid |  | $ | 679,332 |  |  | 19,874 |  |  | 763 |  |  | 4,961 |  |  |  |  | $ | 704,930 |
Six months ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures paid |  | $ | 2,167,218 |  |  | 25,494 |  |  | 860 |  |  | 17,189 |  |  |  |  | $ | 2,210,761 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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