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SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 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 September 30,												Nine months ended September 30,
			2020						2019						2020						2019
			(In thousands)
Revenue:
Fleet Management Solutions:
ChoiceLease			$	788,179					$	770,719					$	2,346,546					$	2,268,048
SelectCare			128,373						133,434						390,370						405,572
Commercial rental			220,076						262,976						595,013						752,995
Other			16,738						22,456						52,496						68,681
Fuel services revenue			138,880						198,669						429,468						618,906
ChoiceLease liability insurance revenue (1)			4,971						9,092						21,738						25,653
Fleet Management Solutions			1,297,217						1,397,346						3,835,631						4,139,855
Supply Chain Solutions			685,415						617,600						1,833,180						1,902,582
Dedicated Transportation Solutions			299,680						359,211						928,512						1,071,076
Eliminations (2)			(131,737)						(150,225)						(390,160)						(464,261)
Total revenue			$	2,150,575					$	2,223,932					$	6,207,163					$	6,649,252
Earnings (Loss) Before Taxes:
Fleet Management Solutions			$	16,152					$	(108,550)					$	(202,157)					$	10,107
Supply Chain Solutions			57,848						34,595						125,789						112,686
Dedicated Transportation Solutions			24,728						18,490						58,141						63,034
Eliminations			(12,936)						(6,118)						(30,750)						(42,586)
			85,792						(61,583)						(48,977)						143,241
Unallocated Central Support Services			(8,042)						(11,432)						(28,146)						(34,461)
Non-operating pension costs (3)			(7,200)						(6,885)						(9,357)						(20,060)
Other items impacting comparability, net (4)			(15,785)						(11,360)						(67,166)						(8,760)
Earnings (loss) from continuing operations before income taxes			$	54,765					$	(91,260)					$	(153,646)					$	79,960

_______________ 

(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 curtailment and 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.

			Three months ended September 30,												Nine months ended September 30,
			2020						2019						2020						2019
			(In thousands)
Fleet Management Solutions			$	164,019					$	723,555					$	843,351					$	2,890,773
Supply Chain Solutions			6,380						9,965						26,254						35,459
Dedicated Transportation Solutions			290						727						1,053						1,587
Central Support Services			3,781						12,224						8,742						29,413
Total capital expenditures paid			$	174,470					$	746,471					$	879,400					$	2,957,232

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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.

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