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Business Segments (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of revenue, significant segment expenses, and income from operations by segment

Information concerning our revenue, significant segment expenses, and income from operations by segment is as follows (in millions):

			For the Three Months Ended September 30, 2025
			Aviation						Land						Marine						Total
Revenue			$	4,868.1					$	2,535.6					$	1,988.1					$	9,391.8
Segment expenses:
Cost of revenue			(4,725.3)						(2,454.2)						(1,962.7)						(9,142.2)
Compensation and related costs			(28.1)						(35.2)						(7.9)						(71.2)
Incentive compensation			(10.1)						(3.4)						(1.7)						(15.3)
Corporate allocations (1)			(9.1)						(4.1)						(5.4)						(18.7)
Depreciation and amortization			(4.2)						(8.6)						(0.3)						(13.1)
Provision for credit losses			(1.3)						(0.2)						(0.1)						(1.6)
Goodwill and other asset impairments			—						—						—						—
Restructuring charges			(0.5)						(1.2)						0.2						(1.5)
Other segment expenses (2)			(12.3)						(17.0)						(5.5)						(34.8)
Operating income - segment profit (loss)			77.1						11.7						4.7						93.6
Unallocated corporate expenses (3)																					(30.7)
Interest expense and other financing costs, net																					(25.9)
Other income (expense), net																					1.8
Income (loss) before income taxes																					$	38.8
			For the Nine Months Ended September 30, 2025
			Aviation						Land						Marine						Total
Revenue			$	14,247.4					$	7,825.9					$	5,814.3					$	27,887.6
Segment expenses:
Cost of revenue			(13,851.0)						(7,598.1)						(5,726.1)						(27,175.2)
Compensation and related costs			(84.3)						(109.9)						(24.3)						(218.5)
Incentive compensation			(20.6)						(6.9)						(5.0)						(32.5)
Corporate allocations (1)			(27.9)						(11.9)						(15.8)						(55.5)
Depreciation and amortization			(12.6)						(26.4)						(0.8)						(39.9)
Provision for credit losses			(3.6)						(2.0)						(0.1)						(5.7)
Goodwill and other asset impairments			—						(411.5)						(31.6)						(443.1)
Restructuring charges			(5.3)						(9.6)						(0.6)						(15.5)
Other segment expenses (2)			(37.2)						(50.1)						(16.0)						(103.3)
Operating income - segment profit (loss)			204.9						(400.4)						(6.1)						(201.6)
Unallocated corporate expenses (3)																					(87.2)
Interest expense and other financing costs, net																					(74.4)
Other income (expense), net																					(74.8)
Income (loss) before income taxes																					$	(438.0)

			For the Three Months Ended September 30, 2024
			Aviation						Land						Marine						Total
Revenue			$	5,218.4					$	3,151.6					$	2,121.0					$	10,490.9
Segment expenses:
Cost of revenue			(5,089.3)						(3,049.6)						(2,083.8)						(10,222.8)
Compensation and related costs			(26.9)						(43.5)						(8.5)						(78.9)
Incentive compensation			(8.2)						(7.0)						(3.9)						(19.0)
Corporate allocations (1)			(9.1)						(4.2)						(5.3)						(18.7)
Depreciation and amortization			(3.9)						(9.6)						(0.3)						(13.8)
Provision for credit losses			(1.0)						(0.7)						0.1						(1.6)
Goodwill and other asset impairments			—						(1.2)						—						(1.2)
Restructuring charges			—						(0.6)						—						(0.6)
Other segment expenses (2)			(11.4)						(19.9)						(4.3)						(35.6)
Operating income - segment profit (loss)			68.7						15.2						14.9						98.8
Unallocated corporate expenses (3)																					(26.5)
Interest expense and other financing costs, net																					(24.0)
Other income (expense), net																					1.3
Income (loss) before income taxes																					$	49.6
			For the Nine Months Ended September 30, 2024
			Aviation						Land						Marine						Total
Revenue			$	15,731.3					$	9,860.6					$	6,815.6					$	32,407.5
Segment expenses:
Cost of revenue			(15,366.1)						(9,580.6)						(6,693.4)						(31,640.0)
Compensation and related costs			(87.0)						(132.3)						(25.1)						(244.4)
Incentive compensation			(18.8)						(10.8)						(9.6)						(39.2)
Corporate allocations (1)			(27.7)						(12.6)						(16.3)						(56.6)
Depreciation and amortization			(12.3)						(28.1)						(0.8)						(41.3)
Provision for credit losses			(1.4)						(4.3)						0.1						(5.6)
Goodwill and other asset impairments			—						(3.6)						—						(3.6)
Restructuring charges			(0.1)						(1.8)						(3.3)						(5.2)
Other segment expenses (2)			(37.1)						(57.1)						(15.2)						(109.4)
Operating income - segment profit (loss)			180.6						29.4						52.1						262.1
Unallocated corporate expenses (3)																					(81.4)
Interest expense and other financing costs, net																					(80.4)
Other income (expense), net																					96.4
Income (loss) before income taxes																					$	196.7

(1)Includes allocations of compensation costs and general and administrative expenses.

(2)Other segment expenses include professional fees, office expenses and general insurance, technology related expenses, travel and entertainment, and other general and administrative expenses.

(3)Unallocated corporate expenses include corporate compensation costs and general and administrative expenses which are not allocated to the operating segments, as well as certain asset impairment charges related to equity investments at non-core businesses.

Schedule of capital expenditures and depreciation and amortization by segment

Information concerning our capital expenditures and depreciation and amortization by segment is as follows (in millions):

			For the Three Months Ended September 30, 2025
			Aviation						Land						Marine						Segment Total						Corporate - Unallocated						Consolidated
Depreciation and amortization (1)			$	7.5					$	13.7					$	0.6					$	21.8					$	1.8					$	23.5
Capital expenditures			7.7						2.8						0.7						11.3						2.8						14.1
			For the Nine Months Ended September 30, 2025
			Aviation						Land						Marine						Segment Total						Corporate - Unallocated						Consolidated
Depreciation and amortization (1)			$	22.4					$	43.2					$	2.3					$	67.8					$	5.2					$	73.0
Capital expenditures			22.5						11.8						3.5						37.9						6.3						44.2

			For the Three Months Ended September 30, 2024
			Aviation						Land						Marine						Segment Total						Corporate - Unallocated						Consolidated
Depreciation and amortization (1)			$	6.6					$	16.0					$	0.9					$	23.5					$	2.0					$	25.5
Capital expenditures			9.3						4.3						2.2						15.7						2.5						18.2
			For the Nine Months Ended September 30, 2024
			Aviation						Land						Marine						Segment Total						Corporate - Unallocated						Consolidated
Depreciation and amortization (1)			$	20.7					$	45.7					$	2.6					$	69.1					$	6.2					$	75.3
Capital expenditures			25.1						16.7						4.7						46.5						3.8						50.3

(1)Total depreciation and amortization as presented includes charges classified within cost of sales and operating expenses in our Condensed Consolidated Statements of Income and Comprehensive Income.

Schedule of Accounts Receivable, Net and Total Assets by Segment

Information concerning our Accounts receivable, net of allowance for credit losses and Total assets by reportable segment is as follows (in millions):

						September 30, 2025						December 31, 2024
Accounts receivable, net:
Aviation segment						$	1,074.7					$	1,166.2
Land segment						516.9						651.1
Marine segment						487.1						615.3
Total accounts receivable, net						$	2,078.7					$	2,432.6
Total assets:
Aviation segment						$	2,563.7					$	2,548.2
Land segment						2,337.8						2,970.6
Marine segment						749.7						929.6
Total reportable segment assets						5,651.3						6,448.5
Corporate and other						409.1						283.3
Total assets						$	6,060.4					$	6,731.8

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Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets.

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