XML 56 R39.htm IDEA: XBRL DOCUMENT v3.24.0.1
Business Segments, Geographic Information, and Major Customers (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of revenue, gross profit, income from operations, depreciation and amortization and capital expenditures by segment
Information concerning our revenue, gross profit and income from operations by segment is as follows (in millions):
For the Year Ended December 31,
202320222021
Revenue:
Aviation segment$23,275.1 $26,799.9 $12,824.3 
Land segment15,189.9 19,283.7 10,426.8 
Marine segment9,245.6 12,959.6 8,085.8 
Total revenue$47,710.6 $59,043.1 $31,337.0 
Income from operations:(1)
Aviation segment$208.8 $99.5 $163.4 
Land segment40.1 125.6 44.6 
Marine segment82.3 155.5 20.7 
Corporate overhead - unallocated(133.2)(107.4)(86.1)
Total income from operations$198.0 $273.2 $142.6 
Depreciation and amortization:
Aviation segment$32.0 $32.8 $32.7 
Land segment61.3 65.1 39.0 
Marine segment3.6 3.3 3.5 
Corporate segment7.7 6.5 5.8 
Total depreciation and amortization$104.5 $107.8 $81.0 
Capital expenditures:
Aviation segment$25.3 $25.9 $18.8 
Land segment42.5 38.1 17.4 
Marine segment8.7 4.8 2.7 
Corporate segment
11.1 9.9 0.1 
Total capital expenditures$87.6 $78.6 $39.2 
(1)Includes asset impairment and restructuring charges as discussed in Note 5. Fair Value Measurements and Note 15. Restructuring.
Schedule of accounts receivable, net and total assets by segment
Information concerning our accounts receivable, net, and total assets by segment is as follows (in millions):
As of December 31,
20232022
Accounts receivable, net:
Aviation segment, net of allowance for credit losses of $9.1 and $4.9 as of December 31, 2023 and 2022, respectively
$1,285.7 $1,452.4 
Land segment, net of allowance for credit losses of $6.3 and $5.8 as of December 31, 2023 and 2022, respectively
767.4 1,141.9 
Marine segment, net of allowance for credit losses of $2.9 and $3.4 as of December 31, 2023 and 2022, respectively
682.4 699.8 
Total accounts receivable, net$2,735.5 $3,294.1 
Total assets:
Aviation segment$2,767.4 $3,036.2 
Land segment3,323.4 3,710.1 
Marine segment992.8 1,007.4 
Corporate291.8 410.8 
Total assets$7,375.3 $8,164.6 
Schedule of revenue, income from operations, non-current assets and total assets by geographic segment
Information concerning our revenue and property and equipment, net, as segregated between the Americas, EMEA (Europe, Middle East and Africa) and the Asia Pacific regions, is presented as follows, based on the country of incorporation of the relevant subsidiary (in millions):
For the Year Ended December 31,
202320222021
Revenue:
United States$25,403.7 $32,901.7 $16,696.2 
EMEA (1)
10,003.2 12,396.1 6,735.7 
Asia Pacific (2)
5,430.7 7,076.6 4,620.0 
Americas, excluding United States6,873.0 6,668.6 3,285.1 
Total (3)
$47,710.6 $59,043.1 $31,337.0 
As of December 31,
20232022
Property and equipment, net:
United States$324.8 $323.7 
EMEA147.7 138.1 
Asia Pacific10.1 9.9 
Americas, excluding United States32.7 12.6 
Total$515.3 $484.2 
(1)Includes revenue related to the U.K. of $5.3 billion, $6.7 billion and $4.2 billion for 2023, 2022 and 2021, respectively.
(2)Includes revenue related to Singapore of $5.3 billion, $7.2 billion and $4.6 billion for 2023, 2022 and 2021, respectively.
(3)Geographic revenue information in this table includes impacts from derivatives and hedging activities, which are excluded from that geographic revenue information presented at Note 9. Revenue from Contracts with Customers.