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REVENUE | 9 Months Ended
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Sep. 30, 2020
Revenue from Contract with Customer [Abstract] |
REVENUE | REVENUE Disaggregation of Revenue The following tables disaggregate our revenue recognized by primary geographical market by our reportable business segments and by industry for SCS. Refer to Note 19, "Segment Reporting," for the disaggregation of our revenue by major products/service lines. Primary Geographical Markets
| Three months ended September 30, 2020
| FMS |  | SCS |  | DTS |  | Eliminations |  | Total
| (In thousands)
United States | $ | 1,167,900 |  |  | $ | 581,858 |  |  | $ | 299,680 |  |  | $ | (127,316) |  |  | $ | 1,922,122 |
Canada | 67,321 |  |  | 56,313 |  |  | — |  |  | (4,421) |  |  | 119,213 |
Europe | 61,996 |  |  | — |  |  | — |  |  | — |  |  | 61,996 |
Mexico | — |  |  | 47,244 |  |  | — |  |  | — |  |  | 47,244 |
Total Revenues | $ | 1,297,217 |  |  | $ | 685,415 |  |  | $ | 299,680 |  |  | $ | (131,737) |  |  | $ | 2,150,575 |
| Three months ended September 30, 2019
| FMS |  | SCS |  | DTS |  | Eliminations |  | Total
| (In thousands)
United States | $ | 1,250,147 |  |  | $ | 508,091 |  |  | $ | 359,211 |  |  | $ | (144,941) |  |  | $ | 1,972,508 |
Canada | 75,836 |  |  | 53,550 |  |  | — |  |  | (5,284) |  |  | 124,102 |
Europe | 71,363 |  |  | — |  |  | — |  |  | — |  |  | 71,363 |
Mexico | — |  |  | 55,959 |  |  | — |  |  | — |  |  | 55,959 |
Total Revenues | $ | 1,397,346 |  |  | $ | 617,600 |  |  | $ | 359,211 |  |  | $ | (150,225) |  |  | $ | 2,223,932 |
| Nine months ended September 30, 2020
| FMS |  | SCS |  | DTS |  | Eliminations |  | Total
| (In thousands)
United States | $ | 3,446,869 |  |  | $ | 1,545,715 |  |  | $ | 928,512 |  |  | $ | (377,536) |  |  | $ | 5,543,560 |
Canada | 198,566 |  |  | 150,153 |  |  | — |  |  | (12,624) |  |  | 336,095 |
Europe | 190,196 |  |  | — |  |  | — |  |  | — |  |  | 190,196 |
Mexico | — |  |  | 137,312 |  |  | — |  |  | — |  |  | 137,312 |
Total Revenues | $ | 3,835,631 |  |  | $ | 1,833,180 |  |  | $ | 928,512 |  |  | $ | (390,160) |  |  | $ | 6,207,163 |
| Nine months ended September 30, 2019
| FMS |  | SCS |  | DTS |  | Eliminations |  | Total
| (In thousands)
United States | $ | 3,687,721 |  |  | $ | 1,577,106 |  |  | $ | 1,071,076 |  |  | $ | (448,114) |  |  | $ | 5,887,789 |
Canada | 226,240 |  |  | 156,803 |  |  | — |  |  | (16,147) |  |  | 366,896 |
Europe | 225,894 |  |  | — |  |  | — |  |  | — |  |  | 225,894 |
Mexico | — |  |  | 165,380 |  |  | — |  |  | — |  |  | 165,380 |
Singapore | — |  |  | 3,293 |  |  | — |  |  | — |  |  | 3,293 |
Total Revenues | $ | 4,139,855 |  |  | $ | 1,902,582 |  |  | $ | 1,071,076 |  |  | $ | (464,261) |  |  | $ | 6,649,252 |
Industry Our SCS business segment included revenue from the below industries:
| Three months ended September 30, |  | Nine months ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
| (In thousands)
Automotive | $ | 273,589 |  |  | $ | 246,627 |  |  | $ | 671,263 |  |  | $ | 761,593 |
Technology and healthcare | 103,976 |  |  | 100,286 |  |  | 279,875 |  |  | 324,009 |
Consumer package goods and retail | 250,449 |  |  | 217,901 |  |  | 716,880 |  |  | 660,581 |
Industrial and other | 57,401 |  |  | 52,786 |  |  | 165,162 |  |  | 156,399 |
Total SCS Revenues | $ | 685,415 |  |  | $ | 617,600 |  |  | $ | 1,833,180 |  |  | $ | 1,902,582 |
Maintenance Revenues For the quarter ended September 30, 2020 and 2019, we recognized non-lease revenue from maintenance services of $241 million and $235 million, respectively, included in lease & related maintenance and rental revenues. We recognized $719 million and $710 million for the nine months ended September 30, 2020 and 2019, respectively. Contract Balances Our contract liabilities consist of deferred revenue, which primarily relates to payments received in advance of performance for the maintenance services component of our ChoiceLease product. Changes in contract liabilities are due to the collection of cash or the satisfaction of our performance obligation under the contract. Deferred revenue was $623 million and $604 million as of September 30, 2020 and December 31, 2019, respectively. Revenue recognized during the nine months ended September 30, 2020 was $142 million for the amounts recorded as deferred revenue at the beginning of the year. In addition, we deferred consideration of $161 million during the nine months ended September 30, 2020, which was received in advance of performance resulting in an increase in deferred revenue. Revenue allocated to remaining performance obligations represents contracted revenue that has not yet been recognized (“contracted not recognized revenue”). Contracted not recognized revenue includes deferred revenue and amounts for full service ChoiceLease maintenance revenue that will be recognized as revenue in future periods as we provide maintenance services to our customers. Contracted not recognized revenue excludes variable consideration as it is not included in the transaction price consideration allocated at contract inception, as well as revenues from our lease component of our ChoiceLease product and commercial rental product. Contracted not recognized revenue was $2.7 billion as of September 30, 2020. As a practical expedient, we do not disclose information about remaining performance obligations that are part of a contract that has an original expected duration of one year or less, and when we have the right to invoice the customer and the revenue recognized corresponds directly with the value to the customer of our performance completed to date, such as our SCS and DTS contracts. Costs to Obtain and Fulfill a Contract We capitalize incremental sales commissions paid as a result of executing ChoiceLease, SCS and DTS service contracts as contract costs. Capitalized sales commissions were $91 million a nd $105 million as of September 30, 2020 and December 31, 2019, respectively. Capitalized sales commissions include initial direct costs of our leases of $47 million a nd $55 million as of September 30, 2020 and December 31, 2019, respectively, related to incremental sales commissions paid to our sales force as a result of executing ChoiceLease contracts. Capitalized sales commissions are presented in “Sales-type leases and other assets” in our Condensed Consolidated Balance Sheets. For both the quarters ended September 30, 2020 and 2019, sales commission expense was $11 million. For the nine months ended September 30, 2020 and 2019, sales commission expense was $33 million and $32 million, respectively.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045 + Details
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