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Business Segments | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Business Segments | 11. Business Segments We operate in three reportable segments consisting of aviation, land and marine. 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. 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 of our segments. Corporate expenses are allocated to the segments based on usage, where possible, or on other factors according to the nature of the activity. Information concerning our Revenue and Income from operations by reportable segment is as follows (in millions):
|  | For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
Revenue: |  | 2023 |  | 2022 |  | 2023 |  | 2022
Aviation segment |  | $ | 5,983.5 |  |  | $ | 7,262.0 |  |  | $ | 17,400.8 |  |  | $ | 20,116.0 |
Land segment |  | 3,983.5 |  |  | 5,013.9 |  |  | 11,517.1 |  |  | 14,826.6 |
Marine segment |  | 2,278.2 |  |  | 3,385.4 |  |  | 6,789.8 |  |  | 10,222.9 |
Total revenue |  | $ | 12,245.3 |  |  | $ | 15,661.3 |  |  | $ | 35,707.6 |  |  | $ | 45,165.4 |
Income from operations: |  |  |  |  |  |  |  |
Aviation segment |  | $ | 58.6 |  |  | $ | 57.9 |  |  | $ | 150.7 |  |  | $ | 58.5 |
Land segment |  | 31.8 |  |  | 22.2 |  |  | 82.6 |  |  | 88.5 |
Marine segment |  | 12.4 |  |  | 48.1 |  |  | 63.0 |  |  | 124.0 |
Corporate overhead - unallocated |  | (29.5) |  |  | (27.9) |  |  | (83.0) |  |  | (76.6) |
Total income from operations |  | $ | 73.3 |  |  | $ | 100.3 |  |  | $ | 213.3 |  |  | $ | 194.4 |
Information concerning our Accounts receivable, net of allowance for credit losses and Total assets by reportable segment is as follows (in millions):
|  | September 30, 2023 |  | December 31, 2022
Accounts receivable, net: |  |  |  |
Aviation segment, net of allowance for credit losses of $7.4 and $4.9 as of September 30, 2023 and December 31, 2022, respectively |  | $ | 1,402.5 |  |  | $ | 1,452.4 |
Land segment, net of allowance for credit losses of $6.6 and $5.8 as of September 30, 2023 and December 31, 2022, respectively |  | 860.0 |  |  | 1,141.9 |
Marine segment, net of allowance for credit losses of $3.0 and $3.4 as of September 30, 2023 and December 31, 2022, respectively |  | 619.7 |  |  | 699.8 |
Total accounts receivable, net |  | $ | 2,882.2 |  |  | $ | 3,294.1 |
Total assets: |  |  |  |
Aviation segment |  | $ | 2,827.4 |  |  | $ | 3,036.2 |
Land segment |  | 3,245.0 |  |  | 3,710.1 |
Marine segment |  | 901.3 |  |  | 1,007.4 |
Corporate |  | 509.4 |  |  | 410.8 |
Total assets |  | $ | 7,483.1 |  |  | $ | 8,164.6 |

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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