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Business Segments | 3 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Business Segments | 11. Business Segments We operate in three reportable segments consisting of aviation, land and marine. Corporate expenses are allocated to the segments based on usage, where possible, or on other factors according to the nature of the activity. Our operating segments are determined based on the different markets in which we provide products and services, which are defined primarily by the customers (businesses and governmental) and the products and services provided to those customers. As discussed in Note 3. Acquisitions, Flyers is reported as part of our land segment subsequent to the acquisition on January 3, 2022. We use Income from operations as our primary measure of profit as we believe it is the most meaningful measure to allocate resources and assess the performance or our segments. Information concerning our Revenue and Income from operations by reportable segment is as follows (in millions):
|  | For the Three Months Ended March 31, |  |
Revenue: |  | 2022 |  | 2021 |  |  |  |
Aviation segment |  | $ | 5,010.5 |  |  | $ | 2,095.0 |  |  |  |  |
Land segment |  | 4,380.8 |  |  | 2,188.2 |  |  |  |  |
Marine segment |  | 2,990.6 |  |  | 1,674.7 |  |  |  |  |
Total revenue |  | $ | 12,382.0 |  |  | $ | 5,957.9 |  |  |  |  |
Income from operations: |  |  |  |  |  |  |  |
Aviation segment |  | $ | 7.5 |  |  | $ | 23.0 |  |  |  |  |
Land segment |  | 33.4 |  |  | 32.8 |  |  |  |  |
Marine segment |  | 23.1 |  |  | 6.4 |  |  |  |  |
Corporate overhead - unallocated |  | (22.8) |  |  | (24.5) |  |  |  |  |
Total income from operations |  | $ | 41.3 |  |  | $ | 37.6 |  |  |  |  |
Information concerning our Accounts receivable, net of allowance for credit losses and Total assets by reportable segment is as follows (in millions):
|  | March 31, 2022 |  | December 31, 2021
Accounts receivable, net: |  |  |  |
Aviation segment, net of allowance for credit losses of $9.6 and $18.4 as of March 31, 2022 and December 31, 2021, respectively |  | $ | 1,339.9 |  |  | $ | 972.9 |
Land segment, net of allowance for credit losses of $4.6 and $3.8 as of March 31, 2022 and December 31, 2021, respectively |  | 1,096.4 |  |  | 664.7 |
Marine segment, net of allowance for credit losses of $3.0 and $3.9 as of March 31, 2022 and December 31, 2021, respectively |  | 1,073.9 |  |  | 717.7 |
Total accounts receivable, net |  | $ | 3,510.2 |  |  | $ | 2,355.3 |
Total assets: |  |  |  |
Aviation segment |  | $ | 2,719.5 |  |  | $ | 2,305.6 |
Land segment |  | 3,516.1 |  |  | 2,106.1 |
Marine segment |  | 1,403.7 |  |  | 1,022.7 |
Corporate |  | 328.7 |  |  | 507.9 |
Total assets |  | $ | 7,968.0 |  |  | $ | 5,942.4 |

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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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