XML 21 R11.htm IDEA: XBRL DOCUMENT v3.22.1
SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Our primary measurement of segment financial performance, defined as segment “Earnings from continuing operations before income taxes” (EBT), includes an allocation of costs from 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 from continuing operations before income taxes:
Three months ended March 31,
20222021
(In thousands)
Revenue:
Fleet Management Solutions:
ChoiceLease$802,342 $797,088 
Commercial rental313,154 223,009 
SelectCare and other166,651 148,016 
Fuel services and ChoiceLease liability insurance (1)
247,081 167,372 
Fleet Management Solutions1,529,228 1,335,485 
Supply Chain Solutions1,088,542 706,700 
Dedicated Transportation Solutions424,948 320,507 
Eliminations (2)
(188,856)(141,070)
Total revenues$2,853,862 $2,221,622 
Earnings From Continuing Operations Before Income Taxes:
Fleet Management Solutions$248,199 $63,402 
Supply Chain Solutions34,219 32,957 
Dedicated Transportation Solutions20,211 12,982 
Eliminations(26,590)(12,274)
276,039 97,067 
Unallocated Central Support Services(16,004)(18,432)
Non-operating pension costs, net (3)
(2,787)9 
Other items impacting comparability, net (4)
(5,377)(8,377)
Earnings from continuing operations before income taxes$251,871 $70,267 
————————————
(1)In the first quarter of 2021, we completed the previously announced exit of the extension of our liability insurance coverage for ChoiceLease customers.
(2)Represents the elimination of intercompany revenues in our FMS business segment.
(3)Refer to Note 14, "Employee Benefit Plans," for a discussion on these items.
(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 March 31,
20222021
(In thousands)
Fleet Management Solutions$551,090 $367,708 
Supply Chain Solutions25,950 8,530 
Dedicated Transportation Solutions339 306 
Central Support Services6,910 4,507 
Purchases of property and revenue earning equipment$584,289 $381,051