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SEGMENT REPORTING | 6 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING Our primary measurement of segment financial performance, defined as segment “Earnings (loss) from continuing operations before taxes” (EBT), includes an allocation of Central Support Services (CSS) and excludes non-operating pension costs, net and certain other items as discussed in Note 15, “Other Items Impacting Comparability.” 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. The following table sets forth financial information for each of our segments and provides a reconciliation between segment EBT and earnings (loss) from continuing operations before income taxes:
| Three months ended June 30, |  | Six months ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
| (In thousands)
Revenue: |  |  |  |  |  |  |
Fleet Management Solutions: |  |  |  |  |  |  |
ChoiceLease | $ | 802,832 |  |  | $ | 766,161 |  |  | $ | 1,599,920 |  |  | $ | 1,558,367 |
SelectCare | 136,503 |  |  | 125,851 |  |  | 267,171 |  |  | 261,997 |
Commercial rental | 266,969 |  |  | 169,171 |  |  | 489,978 |  |  | 374,937 |
Other | 18,369 |  |  | 12,332 |  |  | 35,717 |  |  | 35,758 |
Fuel services revenue | 183,568 |  |  | 117,253 |  |  | 350,163 |  |  | 290,588 |
ChoiceLease liability insurance revenue (1) | — |  |  | 7,409 |  |  | 777 |  |  | 16,767 |
Fleet Management Solutions | 1,408,241 |  |  | 1,198,177 |  |  | 2,743,726 |  |  | 2,538,414 |
Supply Chain Solutions | 775,630 |  |  | 519,318 |  |  | 1,482,330 |  |  | 1,147,765 |
Dedicated Transportation Solutions | 354,711 |  |  | 293,944 |  |  | 675,218 |  |  | 628,832 |
Eliminations (2) | (156,345) |  |  | (116,157) |  |  | (297,415) |  |  | (258,423) |
Total revenue | $ | 2,382,237 |  |  | $ | 1,895,282 |  |  | $ | 4,603,859 |  |  | $ | 4,056,588 |
Earnings (loss) from continuing operations before taxes: |  |  |  |  |  |  |
Fleet Management Solutions | $ | 158,451 |  |  | $ | (103,735) |  |  | $ | 221,853 |  |  | $ | (218,309) |
Supply Chain Solutions | 41,041 |  |  | 36,916 |  |  | 73,998 |  |  | 67,941 |
Dedicated Transportation Solutions | 13,162 |  |  | 21,233 |  |  | 26,144 |  |  | 33,413 |
Eliminations | (19,186) |  |  | (7,745) |  |  | (31,460) |  |  | (17,814) |
| 193,468 |  |  | (53,331) |  |  | 290,535 |  |  | (134,769) |
Unallocated Central Support Services | (17,864) |  |  | (10,718) |  |  | (36,296) |  |  | (20,104) |
Non-operating pension costs, net (3) | 373 |  |  | (936) |  |  | 382 |  |  | (2,157) |
Other items impacting comparability, net (4) | 27,596 |  |  | (29,792) |  |  | 19,219 |  |  | (51,381) |
Earnings (loss) from continuing operations before income taxes | $ | 203,573 |  |  | $ | (94,777) |  |  | $ | 273,840 |  |  | $ | (208,411) |
———————————— (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 was completed in the first quarter of 2021. (2)Represents the elimination of intercompany revenues in our FMS business segment. (3)Refer to Note 14, "Employee Benefit Plans," for a discussion on this item. (4)Refer to Note 15, “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 June 30, |  | Six months ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
| (In thousands)
Fleet Management Solutions | $ | 503,874 |  |  | $ | 256,216 |  |  | $ | 871,582 |  |  | $ | 679,332 |
Supply Chain Solutions | 14,450 |  |  | 13,868 |  |  | 22,980 |  |  | 19,874 |
Dedicated Transportation Solutions | 256 |  |  | 339 |  |  | 562 |  |  | 763 |
Central Support Services | 4,768 |  |  | 3,547 |  |  | 9,275 |  |  | 4,961 |
Purchases of property and revenue earning equipment | $ | 523,348 |  |  | $ | 273,970 |  |  | $ | 904,399 |  |  | $ | 704,930 |

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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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