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Business Segments | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Business Segments | 13. 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: |  | 2024 |  | 2023 |  | 2024 |  | 2023
Aviation segment |  | $ | 5,218.4 |  |  | $ | 5,983.5 |  |  | $ | 15,731.3 |  |  | $ | 17,400.8 |
Land segment |  | 3,151.6 |  |  | 3,983.5 |  |  | 9,860.6 |  |  | 11,517.1 |
Marine segment |  | 2,121.0 |  |  | 2,278.2 |  |  | 6,815.6 |  |  | 6,789.8 |
Total revenue |  | $ | 10,490.9 |  |  | $ | 12,245.3 |  |  | $ | 32,407.5 |  |  | $ | 35,707.6 |
Income from operations: |  |  |  |  |  |  |  |
Aviation segment |  | $ | 68.7 |  |  | $ | 58.6 |  |  | $ | 180.6 |  |  | $ | 150.7 |
Land segment |  | 15.2 |  |  | 31.8 |  |  | 29.4 |  |  | 82.6 |
Marine segment |  | 14.9 |  |  | 12.4 |  |  | 52.1 |  |  | 63.0 |
Corporate overhead - unallocated |  | (26.5) |  |  | (29.5) |  |  | (81.4) |  |  | (83.0) |
Total income from operations |  | $ | 72.3 |  |  | $ | 73.3 |  |  | $ | 180.7 |  |  | $ | 213.3 |
Information concerning our Accounts receivable, net of allowance for credit losses and Total assets by reportable segment is as follows (in millions):
|  | September 30, 2024 |  | December 31, 2023
Accounts receivable, net: |  |  |  |
Aviation segment, net of allowance for credit losses of $7.4 and $9.1 as of September 30, 2024 and December 31, 2023, respectively |  | $ | 1,216.3 |  |  | $ | 1,285.7 |
Land segment, net of allowance for credit losses of $10.1 and $6.3 as of September 30, 2024 and December 31, 2023, respectively |  | 647.5 |  |  | 767.4 |
Marine segment, net of allowance for credit losses of $2.7 and $2.9 as of September 30, 2024 and December 31, 2023, respectively |  | 612.3 |  |  | 682.4 |
Total accounts receivable, net |  | $ | 2,476.1 |  |  | $ | 2,735.5 |
Total assets: |  |  |  |
Aviation segment |  | $ | 2,504.6 |  |  | $ | 2,767.4 |
Land segment |  | 3,211.0 |  |  | 3,323.4 |
Marine segment |  | 1,014.9 |  |  | 992.8 |
Corporate |  | 254.2 |  |  | 291.8 |
Total assets |  | $ | 6,984.6 |  |  | $ | 7,375.3 |

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- Definition The entire disclosure for reporting segments including data and tables. 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