Pitney Bowes (PBI) 10-Q 5 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 31, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	1-03579
Entity Registrant Name	PITNEY BOWES INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	06-0495050
Entity Address, Address Line One	3001 Summer Street,
Entity Address, City or Town	Stamford,
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06926
City Area Code	(203)
Local Phone Number	356-5000
Title of 12(b) Security	Common Stock, $1 par value per share
Trading Symbol	PBI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		170,848,234
Entity Central Index Key	0000078814
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Current Fiscal Year End Date	--12-31
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue		$ 790,125	$ 760,281	$ 2,373,782	$ 2,354,108
Costs and expenses:
Financing interest expense		11,026	10,849	33,433	33,107
Selling, general and administrative		254,092	241,350	757,228	759,469
Research and development		12,272	15,636	38,421	44,651
Restructuring charges and asset impairments, net		47,017	6,099	56,616	18,771
Interest expense, net		28,704	26,588	84,325	89,377
Other components of net pension and postretirement cost		(882)	(1,852)	(3,138)	(6,070)
Other expense		667	7,964	18,350	7,964
Total costs and expenses		809,675	715,093	2,355,021	2,204,320
(Loss) income from continuing operations before taxes		(19,550)	45,188	18,761	149,788
(Benefit) provision for income taxes		(24,895)	(2,468)	(13,351)	17,235
Income from continuing operations		5,345	47,656	32,112	132,553
(Loss) income from discontinued operations, net of tax		(8,470)	32,621	(14,199)	59,289
Net (loss) income		$ (3,125)	$ 80,277	$ 17,913	$ 191,842
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	$ 0.03	$ 0.25	$ 0.18	$ 0.71
Discontinued operations (in dollars per share)	[1]	(0.05)	0.17	(0.08)	0.32
Net (loss) income (in dollars per share)	[1]	(0.02)	0.43	0.10	1.02
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	0.03	0.25	0.18	0.70
Discontinued operations (in dollars per share)	[1]	(0.05)	0.17	(0.08)	0.32
Net (loss) income (in dollars per share)	[1]	$ (0.02)	$ 0.43	$ 0.10	$ 1.02
Equipment sales
Revenue from contracts with customers		$ 19,062	$ 20,428	$ 59,739	$ 64,482
Revenue		89,618	88,799	264,956	289,318
Costs and expenses:
Cost of products and sales		59,859	52,209	182,094	173,626
Supplies
Revenue from contracts with customers		44,818	50,403	142,261	165,853
Revenue		44,818	50,403	142,261	165,853
Costs and expenses:
Cost of products and sales		12,225	13,967	37,533	46,652
Rentals
Revenue from contracts with customers		0	0	0	0
Revenue		19,737	21,432	60,339	65,852
Costs and expenses:
Cost of products and sales		5,090	9,174	23,223	30,386
Financing
Revenue from contracts with customers		0	0	0	0
Revenue		90,577	96,799	280,039	294,277
Support services
Revenue from contracts with customers		126,274	138,055	382,578	417,303
Revenue		126,274	138,055	382,578	417,303
Costs and expenses:
Cost of products and sales		41,086	45,872	123,453	134,204
Business services
Revenue from contracts with customers		419,101	364,793	1,243,609	1,121,505
Revenue		419,101	364,793	1,243,609	1,121,505
Costs and expenses:
Cost of products and sales		$ 338,519	$ 287,237	$ 1,003,483	$ 872,183
[1]	The sum of the earnings per share amounts may not equal the totals due to rounding.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net loss	$ (3,125)	$ 80,277	$ 17,913	$ 191,842
Other comprehensive (loss) income, net of tax:
Foreign currency translation, net of tax of $(655), $(3,474), $(1,078) and $(3,474), respectively	(27,962)	(2,475)	(6,584)	(30,334)
Net unrealized gain on cash flow hedges, net of tax of $51, $174, $27 and $474, respectively	149	522	78	773
Net unrealized gain (loss) on investment securities, net of tax of $509, $(417), $2,573 and $(2,230), respectively	1,487	(1,218)	7,516	(6,514)
Amortization of pension and postretirement costs, net of tax benefits of $2,633, $2,399, $7,406 and $7,766, respectively	7,552	8,810	21,499	24,850
Other comprehensive (loss) income, net of tax	(18,774)	5,639	22,509	(11,225)
Comprehensive (loss) income	$ (21,899)	$ 85,916	$ 40,422	$ 180,617

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Foreign currency translation, tax	$ (655)	$ (3,474)	$ (1,078)	$ (3,474)
Net unrealized gain (loss) on cash flow hedges, tax	51	174	27	474
Net unrealized gain on investment securities, tax	509	(417)	2,573	(2,230)
Amortization of pension and postretirement costs, tax	$ 2,633	$ 2,399	$ 7,406	$ 7,766

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 514,851	$ 867,262
Short-term investments	137,032	59,391
Accounts and other receivables (net of allowance of $20,971 and $17,443, respectively)	365,522	371,797
Short-term finance receivables (net of allowance of $12,819 and $12,418, respectively)	617,178	653,236
Inventories	76,339	62,279
Current income taxes	25,598	5,947
Other current assets and prepayments	101,829	74,782
Assets of discontinued operations	568,413	602,823
Total current assets	2,406,762	2,697,517
Property, plant and equipment, net	371,666	398,501
Rental property and equipment, net	39,400	46,228
Long-term finance receivables (net of allowance of $7,305 and $7,804 respectively)	616,746	635,908
Goodwill	1,317,037	1,332,351
Intangible assets, net	199,715	213,200
Operating lease assets	172,617	152,554
Noncurrent income taxes	80,561	65,001
Other assets	392,720	397,159
Total assets	5,597,224	5,938,419
Current liabilities:
Accounts payable and accrued liabilities	1,337,214	1,348,127
Current operating lease liabilities	34,091	35,208
Current portion of long-term debt	501,728	199,535
Advance billings	106,968	116,862
Current income taxes	8,525	15,284
Liabilities of discontinued operations	157,034	174,798
Total current liabilities	2,145,560	1,889,814
Long-term debt	2,567,363	3,066,073
Deferred taxes on income	253,151	253,560
Tax uncertainties and other income tax liabilities	45,179	39,548
Noncurrent operating lease liabilities	148,125	125,294
Other noncurrent liabilities	412,434	462,288
Total liabilities	5,571,812	5,836,577
Commitments and contingencies (See Note 14)
Stockholders’ equity:
Cumulative preferred stock, $50 par value, 4% convertible	0	1
Cumulative preference stock, no par value, $2.12 convertible	0	396
Common stock, $1 par value (480,000,000 shares authorized; 323,337,912 shares issued)	323,338	323,338
Additional paid-in capital	101,651	121,475
Retained earnings	5,270,741	5,279,682
Accumulated other comprehensive loss	(926,452)	(948,961)
Treasury stock, at cost (153,182,446 and 135,662,830 shares, respectively)	(4,743,866)	(4,674,089)
Total stockholders’ equity	25,412	101,842
Total liabilities and stockholders’ equity	$ 5,597,224	$ 5,938,419

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 20,971	$ 17,443
Short-term finance receivables allowance	12,819	12,418
Long-term finance receivables allowance	$ 7,305	$ 7,804
Preferred stock par value (in dollars per share)	$ 50	$ 50
Preferred stock dividend rate	4.00%	4.00%
Preference stock, par value (in dollars per share)	$ 0	$ 0
Preference stock dividend rate (in dollars per share)	2.12	2.12
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	480,000,000	480,000,000
Common stock, shares issued (in shares)	323,337,912	323,337,912
Treasury stock (in shares)	153,182,446	135,662,830

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net loss	$ 17,913	$ 191,842
Loss (income) from discontinued operations, net of tax	14,199	(59,289)
Restructuring payments	(18,845)	(39,242)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	118,514	112,155
Stock-based compensation	15,867	15,771
Restructuring charges and asset impairments, net	56,616	18,771
Loss on disposition of businesses	17,683	0
Changes in operating assets and liabilities, net of acquisitions/divestitures:
Decrease in accounts receivable	12,509	1,655
Decrease in finance receivables	34,674	63,128
Increase in inventories	(14,559)	(1,889)
Increase in other current assets and prepayments	(30,546)	(10,585)
Decrease in accounts payable and accrued liabilities	(17,526)	(80,905)
(Decrease) increase in current and noncurrent income taxes	(30,401)	194
Decrease in advance billings	(3,802)	(12,403)
Other, net	(5,870)	(9,061)
Net cash provided by operating activities - continuing operations	166,426	190,142
Net cash provided by operating activities - discontinued operations	15,858	68,428
Net cash provided by operating activities	182,284	258,570
Cash flows from investing activities:
Purchases of available-for-sale securities	(45,178)	(74,270)
Proceeds from sales/maturities of available-for-sale securities	78,024	67,354
Net activity from short-term and other investments	(92,418)	8,479
Capital expenditures	(95,221)	(105,295)
Acquisitions, net of cash acquired	(22,100)	(2,407)
Change in reserve account deposits	3,125	6,864
Other investing activities	(9,341)	(2,500)
Net cash used in investing activities - continuing operations	(183,109)	(101,775)
Net cash (used in) provided by investing activities - discontinued operations	(18,572)	336,016
Net cash used in investing activities - continuing operations	(201,681)	234,241
Cash flows from financing activities:
Principal payments of long-term debt	(202,640)	(565,141)
Dividends paid to stockholders	(26,854)	(105,296)
Common stock repurchases	(105,000)	0
Other financing activities	7,302	(55,485)
Net cash used in financing activities	(327,192)	(725,922)
Effect of exchange rate changes on cash and cash equivalents	(5,822)	(15,653)
Change in cash and cash equivalents	(352,411)	(248,764)
Cash and cash equivalents at beginning of period	867,262	1,009,021
Cash and cash equivalents at end of period	514,851	760,257
Less: Cash and cash equivalents of discontinued operations	0	1,026
Cash and cash equivalents of continuing operations at end of period	514,851	759,231
Cash interest paid	110,943	127,624
Cash income tax payments, net of refunds	$ 25,527	$ 17,168

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business Pitney Bowes Inc. (we, us, our, or the company) is a global technology company providing innovative products and commerce solutions that power billions of transactions and help our clients navigate the complex world of commerce. We offer shipping, mailing, fulfillment, returns and cross-border ecommerce products and solutions that enable the sending of parcels and packages across the globe. Clients around the world rely on the accuracy and precision delivered by Pitney Bowes solutions. Pitney Bowes Inc. was incorporated in the state of Delaware in 1920. For more information about us, our products, services and solutions, visit www.pb.com . Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and the instructions to Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In addition, the December 31, 2018 Condensed Consolidated Balance Sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. In management's opinion, all adjustments, consisting only of normal recurring adjustments, considered necessary to fairly state our financial position, results of operations and cash flows for the periods presented have been included. Operating results for the periods presented are not necessarily indicative of the results that may be expected for any other interim period or for the year ending December 31, 2019 . These statements should be read in conjunction with the financial statements and notes thereto included in our Annual Report to Stockholders on Form 10-K for the year ended December 31, 2018 ( 2018 Annual Report). In the quarter, we recast our segment reporting to combine North America Mailing and International Mailing into the Sending Technology Solutions (SendTech Solutions) segment to reflect how we manage these operations and the products and services provided to our clients. In August 2019, we entered into a definitive agreement to sell our Software Solutions business. Software Solutions offers customer information management, location intelligence and customer engagement products and solutions to help clients market to their customers. The Software Solutions business is now reported as a discontinued operation in our Condensed Consolidated Financial Statements and prior periods have been recast to conform to the current period presentation. See Note 4 for further details. In January 2019, we sold the direct operations and moved to a dealer model in six smaller markets within the SendTech Solutions segment (Market Exits) and recognized a pre-tax loss of $18 million in other expense. Accounts and other receivables includes other receivables of $102 million at September 30, 2019 and $75 million at December 31, 2018 . Based on their nature, we determined that certain costs previously classified as research and development and cost of business services should be classified in other line items within costs and expenses. Accordingly, the income statement for the three months ended September 30, 2018 has been revised to correct the classification of these costs by reducing research and development expense and cost of business services by $8 million and $4 million , respectively, and increasing selling, general and administrative expense and cost of equipment sales by $9 million and $3 million , respectively. The income statement for the nine months ended September 30, 2018 has been revised to correct the classification of these costs by reducing research and development expense and cost of business services by $20 million and $10 million , respectively, and increasing selling, general and administrative expense and cost of equipment sales by $22 million and $8 million , respectively. The classification of certain prior year costs of revenue have been revised to correct and conform to the current year presentation. Accordingly, for the three months ended September 30, 2018 , both cost of equipment sales and cost of rentals were reduced by $1 million and cost of support services was increased by $2 million . For the nine months ended September 30, 2018 , cost of equipment sales and cost of rentals were reduced by $4 million and $3 million , respectively, and cost of support services increased by $7 million . The December 31, 2018 balance sheet has been revised to correct the classification of assets and liabilities by reducing short-term finance receivables and advance billings by $106 million and $6 million , respectively, and increasing long-term finance receivables by $100 million . New Accounting Pronouncements Accounting Pronouncements Adopted in 2019 On January 1, 2019, we adopted Accounting Standards Codification (ASC) 842, Leases (ASC 842) , using the modified retrospective transition approach of applying the standard at the beginning of the earliest comparative period presented in the financial statements. We recognized a cumulative effect adjustment at January 1, 2017 to reduce retained earnings by $137 million and recast prior period financial statements. See Notes 7 and 15 for more information. From a lessor perspective, the standard simplifies the accounting for lease modifications and aligns accounting of lease contracts with revenue recognition guidance. We continue to classify leases as sales-type or operating, with the determination affecting both the pattern and classification of income recognition. There were changes in the timing and classification of revenue related to contract modifications. There were also changes related to the definition of a leased asset, which requires us to account for two lease components as a single lease component. Under prior guidance, one of the components was generally accounted for as a sales-type lease and the second as an operating lease. Under ASC 842, the two components are generally accounted for as sales-type leases and certain income and costs previously recognized over the life of the lease are now accelerated. From a lessee perspective, the standard requires us to recognize right-of-use assets and lease liabilities for real estate and equipment operating leases and to provide new disclosures about our leasing activities. We elected the short-term lease recognition exemption and did not recognize right-of-use assets or lease liabilities for leases with a term less than 12 months. We also elected the practical expedient to not separate lease and non-lease components for our lessee portfolio. Updates to significant accounting policies disclosed in our 2018 Annual Report due to the adoption of ASC 842 are discussed below. Equipment sales: We sell and lease equipment directly to customers and to distributors (re-sellers) throughout the world. The amount of revenue allocated to the equipment is based on a range of observable selling prices in standalone transactions. Revenue from the sale of equipment under sales-type leases is recognized as equipment sales revenue when control of the equipment transfers to the customer, which is upon shipment for self-installed products and upon installation or customer acceptance for other products. We do not typically offer any rights of return. Rentals: Rentals revenue includes revenue from mailing equipment that does not meet the criteria to be accounted for as a sales-type lease. We may invoice in advance for rentals according to the terms of the agreement. We initially defer these advanced billings and recognize rentals revenue on a straight-line basis over the rental period. Revenue generated from financing clients for the continued use of equipment subsequent to the expiration of the original lease is recognized as rentals revenue. Financing: We provide financing for our products primarily through sales-type leases. We also provide revolving lines of credit for the purchase of postage and supplies. We record financing income over the lease term using the effective interest method. Financing revenue also includes amounts related to sales-type leases that customers have extended or renewed for an additional term. Revenue for these contracts is recognized over the term of the modified lease using the effective interest method. We believe that our sales-type lease portfolio contains only normal collection risk. Equipment residual values are determined at the inception of the lease using estimates of fair value at the end of the lease term. Fair value estimates are based primarily on historical experience. We also consider forecasted supply and demand for products, product retirement and launch plans, client behavior, regulatory changes, remanufacturing strategies, used equipment markets, competition and technological changes. We evaluate residual values on an annual basis or sooner if circumstances warrant. Declines in estimated residual values considered "other-than-temporary" are recognized immediately. Estimated increases in future residual values are not recognized until the equipment is remarketed. Support services: Support services revenue includes revenue from equipment service contracts, subscriptions and meter services. Revenue is allocated to these services using selling prices charged in standalone replacement and renewal transactions. Since we have a stand-ready obligation to provide these services over the entire contract term, revenue is recognized on a straight-line basis over the term of the agreement. Business services: Business services revenue includes revenue from mail processing services and ecommerce solutions. These services represent a series of distinct services that are similar in nature and revenue is recognized as the services are provided. We review third party relationships and record revenue on a gross basis when we act as a principal in a transaction and on a net basis when we act as an agent between a client and vendor. In determining whether we are acting as principal or agent, we consider several factors such as whether we are the primary obligor to the client, have control over pricing or have inventory risk. On January 1, 2019, we also adopted Accounting Standards Update (ASU) 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities , which shortens the amortization period for certain callable debt securities held at a premium, requiring the premium to be amortized to the earliest call date. The adoption of this standard did not have a material impact on our consolidated financial statements. In July 2019, we prospectively adopted ASU 2018-15, Intangibles - Goodwill and Other-Internal-Use Software. The ASU aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The early adoption of this standard did not have a material impact on our consolidated financial statements. Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses

Revenue

Revenue	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregated Revenue The following tables disaggregate our revenue by major source and timing of recognition: Three Months Ended September 30, 2019 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Equipment sales $ — $ — $ 19,062 $ 19,062 $ 70,556 $ 89,618 Supplies — — 44,818 44,818 — 44,818 Rentals — — — — 19,737 19,737 Financing — — — — 90,577 90,577 Support services — — 126,274 126,274 — 126,274 Business services 278,995 131,483 8,623 419,101 — 419,101 Subtotal 278,995 131,483 198,777 609,255 $ 180,870 $ 790,125 Revenue from leasing transactions and financing Equipment sales — — 70,556 70,556 Rentals — — 19,737 19,737 Financing — — 90,577 90,577 Total revenue $ 278,995 $ 131,483 $ 379,647 $ 790,125 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 63,880 $ 63,880 Products/services transferred over time 278,995 131,483 134,897 545,375 Total $ 278,995 $ 131,483 $ 198,777 $ 609,255 Three Months Ended September 30, 2018 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Equipment sales $ — $ — $ 20,428 $ 20,428 $ 68,371 $ 88,799 Supplies — — 50,403 50,403 — 50,403 Rentals — — — — 21,432 21,432 Financing — — — — 96,799 96,799 Support services — — 138,055 138,055 — 138,055 Business services 232,845 125,334 6,614 364,793 — 364,793 Subtotal 232,845 125,334 215,500 573,679 $ 186,602 $ 760,281 Revenue from leasing transactions and financing Equipment sales — — 68,371 68,371 Rentals — — 21,432 21,432 Financing — — 96,799 96,799 Total revenue $ 232,845 $ 125,334 $ 402,102 $ 760,281 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 70,831 $ 70,831 Products/services transferred over time 232,845 125,334 144,669 502,848 Total $ 232,845 $ 125,334 $ 215,500 $ 573,679 Nine Months Ended September 30, 2019 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Equipment sales $ — $ — $ 59,739 $ 59,739 $ 205,217 $ 264,956 Supplies — — 142,261 142,261 — 142,261 Rentals — — — — 60,339 60,339 Financing — — — — 280,039 280,039 Support services — — 382,578 382,578 — 382,578 Business services 827,568 394,468 21,573 1,243,609 — 1,243,609 Subtotal 827,568 394,468 606,151 1,828,187 $ 545,595 $ 2,373,782 Revenue from leasing transactions and financing Equipment sales — — 205,217 205,217 Rentals — — 60,339 60,339 Financing — — 280,039 280,039 Total revenue $ 827,568 $ 394,468 $ 1,151,746 $ 2,373,782 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 202,000 $ 202,000 Products/services transferred over time 827,568 394,468 404,151 1,626,187 Total $ 827,568 $ 394,468 $ 606,151 $ 1,828,187 Nine Months Ended September 30, 2018 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Equipment sales $ — $ — $ 64,482 $ 64,482 $ 224,836 $ 289,318 Supplies — — 165,853 165,853 — 165,853 Rentals — — — — 65,852 65,852 Financing — — — — 294,277 294,277 Support services — — 417,303 417,303 — 417,303 Business services 718,535 382,522 20,448 1,121,505 — 1,121,505 Subtotal 718,535 382,522 668,086 1,769,143 $ 584,965 $ 2,354,108 Revenue from leasing transactions and financing Equipment sales — — 224,836 224,836 Rentals — — 65,852 65,852 Financing — — 294,277 294,277 Total revenue $ 718,535 $ 382,522 $ 1,253,051 $ 2,354,108 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 230,335 $ 230,335 Products/services transferred over time 718,535 382,522 437,751 1,538,808 Total $ 718,535 $ 382,522 $ 668,086 $ 1,769,143 Our performance obligations are as follows: Equipment sales and supplies : Performance obligations generally include the sale of mailing equipment, excluding sales-type leases, and supplies. We recognize revenue upon delivery for self-install equipment and supplies and upon acceptance or installation for other equipment. We provide a warranty that our equipment is free of defects and meets stated specifications. The warranty is not considered a separate performance obligation. Support services: Performance obligations include providing maintenance, professional services, and subscription and meter services for our mailing equipment. Contract terms range from one year to five years , depending on the term of the lease contract for the related equipment. Revenue for maintenance, subscription and meter services is recognized ratably over the contract period and revenue for professional services is recognized when services are provided. Business services : Performance obligations include providing mail processing services and ecommerce solutions. Revenue is recognized over time as the services are provided. The contract terms for these services vary, with the initial contracts in the range of one to five years, followed by annual renewal periods. Revenue from leasing transactions and financing includes revenue from equipment accounted for as sales-type leases and operating leases, finance income and late fees. Advance Billings from Contracts with Customers Balance sheet location September 30, 2019 December 31, 2018 Increase (decrease) Advance billings, current Advance billings $ 97,666 $ 111,829 $ (14,163 ) Advance billings, noncurrent Other noncurrent liabilities $ 1,413 $ 1,985 $ (572 ) Advance billings are recorded when cash payments are due in advance of our performance. Items in advance billings primarily relate to support services on equipment and subscription services. Revenue is recognized ratably over the contract term. The net decrease in advance billings at September 30, 2019 is due to revenue recognized during the period in excess of advance billings. Revenue recognized during the period includes $114 million of advance billings at the beginning of the period, partially offset by advance billings in the quarter. Future Performance Obligations Future performance obligations include revenue streams bundled with our leasing contracts, primarily maintenance, meter services and other subscription services. The transaction prices allocated to future performance obligations will be recognized as follows: Remainder of 2019 2020 2021-2024 Total SendTech Solutions $ 77,171 $ 272,621 $ 421,746 $ 771,538 The table above does not include revenue related to performance obligations for contracts with terms less than 12 months and expected consideration for those performance obligations where revenue is recognized based on the amount billable to the customer.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Information	Segment Information Our reportable segments are Global Ecommerce, Presort Services and SendTech Solutions. Global Ecommerce and Presort Services comprise the Commerce Services reporting group. The principal products and services of each reportable segment are as follows: Global Ecommerce: Includes the revenue and related expenses from products and services that enable domestic and cross-border ecommerce transactions, including shipping, fulfillment and returns. Presort Services : Includes revenue and related expenses from sortation services to qualify large volumes of First Class Mail, Marketing Mail and Bound and Packet Mail (Marketing Mail Flats and Bound Printed Matter) for postal worksharing discounts. SendTech Solutions: Includes the revenue and related expenses from sending technology solutions for physical mailing, digital mailing and shipping, financing, services, supplies and other applications to help simplify and save on the sending, tracking and receiving of letters, parcels and flats. Management measures segment profitability and performance using segment earnings before interest and taxes (EBIT). Segment EBIT is calculated by deducting from segment revenue the related costs and expenses attributable to the segment. Segment EBIT excludes interest, taxes, general corporate expenses, restructuring charges, asset impairment charges, goodwill impairment charges and other items not allocated to a particular business segment. Management believes that it provides investors a useful measure of operating performance and underlying trends of the business. Segment EBIT may not be indicative of our overall consolidated performance and therefore, should be read in conjunction with our consolidated results of operations. The following tables provide information about our reportable segments and reconciliation of segment EBIT to net income. Revenue and EBIT by business segment is presented below: Revenue Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Global Ecommerce $ 278,995 $ 232,845 $ 827,568 $ 718,535 Presort Services 131,483 125,334 394,468 382,522 Commerce Services 410,478 358,179 1,222,036 1,101,057 SendTech Solutions 379,647 402,102 1,151,746 1,253,051 Total revenue $ 790,125 $ 760,281 $ 2,373,782 $ 2,354,108 EBIT Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Global Ecommerce $ (21,793 ) $ (14,330 ) $ (51,969 ) $ (28,034 ) Presort Services 17,687 17,435 48,215 57,026 Commerce Services (4,106 ) 3,105 (3,754 ) 28,992 SendTech Solutions 130,954 134,607 378,095 412,427 Total segment EBIT 126,848 137,712 374,341 441,419 Reconciliation of Segment EBIT to net income: Unallocated corporate expenses (58,277 ) (40,988 ) (160,283 ) (141,321 ) Restructuring charges and asset impairments, net (47,017 ) (6,099 ) (56,616 ) (18,771 ) Interest, net (39,730 ) (37,437 ) (117,758 ) (122,484 ) Other expense (667 ) (7,964 ) (18,350 ) (7,964 ) Transaction costs (707 ) (36 ) (2,573 ) (1,091 ) Benefit (provision) for income taxes 24,895 2,468 13,351 (17,235 ) Income from continuing operations 5,345 47,656 32,112 132,553 (Loss) income from discontinued operations, net of tax (8,470 ) 32,621 (14,199 ) 59,289 Net (loss) income $ (3,125 ) $ 80,277 $ 17,913 $ 191,842

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations In August 2019, we entered into a definitive agreement to sell our Software Solutions business for $700 million , subject to certain adjustments. The transaction is subject to customary closing conditions, and we expect it to be completed by the end of 2019. The operating results of the Software Solutions business are now reported as discontinued operations. Discontinued operations also includes our Document Messaging Technology production mail business and supporting software (Production Mail Business) that was sold in July 2018. Selected financial information of discontinued operations is as follows: Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 Software Solutions Production Mail Total Software Solutions Production Mail Total Revenue $ 73,620 $ — $ 73,620 $ 75,743 $ 19,557 $ 95,300 Earnings (loss) from discontinued operations $ 8,633 $ — $ 8,633 $ 4,533 $ (1,316 ) $ 3,217 (Loss) gain on sale (including transaction costs) (12,447 ) (5,710 ) (18,157 ) — 86,640 86,640 (Loss) income from discontinued operations before taxes $ (3,814 ) $ (5,710 ) (9,524 ) $ 4,533 $ 85,324 89,857 Tax (benefit) provision (1,054 ) 57,236 (Loss) income from discontinued operations, net of tax $ (8,470 ) $ 32,621 Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 Software Solutions Production Mail Total Software Solutions Production Mail Total Revenue $ 219,144 $ — $ 219,144 $ 243,738 $ 211,000 $ 454,738 Earnings (loss) from discontinued operations $ 13,334 $ (663 ) $ 12,671 $ 28,497 $ 20,304 $ 48,801 (Loss) gain on sale (including transaction costs) (14,211 ) (14,967 ) (29,178 ) — 77,863 77,863 (Loss) income from discontinued operations before taxes $ (877 ) $ (15,630 ) (16,507 ) $ 28,497 $ 98,167 126,664 Tax (benefit) provision (2,308 ) 67,375 (Loss) income from discontinued operations, net of tax $ (14,199 ) $ 59,289 The major categories of assets and liabilities included in assets of discontinued operations and liabilities of discontinued operations are as follows: September 30, 2019 December 31, 2018 Cash and cash equivalents $ — $ 1,965 Accounts and other receivables, net 55,077 85,399 Inventories — 855 Other current assets and prepayments 29,801 26,121 Property, plant and equipment, net 11,495 12,140 Rental property and equipment, net — 179 Goodwill 430,995 434,160 Intangible assets 10,379 13,937 Operating lease asset 3,587 4,234 Other assets 27,079 23,833 Assets of discontinued operations $ 568,413 $ 602,823 Accounts payable and accrued liabilities $ 38,163 $ 42,896 Current operating lease liabilities 1,441 2,000 Advance billings 98,699 113,110 Other current liabilities — 2,021 Noncurrent operating lease liabilities 1,823 1,943 Other noncurrent liabilities 16,908 12,828 Liabilities of discontinued operations $ 157,034 $ 174,798

Earnings per Share (EPS)

Earnings per Share (EPS)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings per Share (EPS)	Earnings per Share (EPS) Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Numerator: Income from continuing operations $ 5,345 $ 47,656 $ 32,112 $ 132,553 (Loss) income from discontinued operations, net of tax (8,470 ) 32,621 (14,199 ) 59,289 Net (loss) income (numerator for diluted EPS) (3,125 ) 80,277 17,913 191,842 Less: Preference stock dividend — 8 8 24 (Loss) income attributable to common stockholders (numerator for basic EPS) $ (3,125 ) $ 80,269 $ 17,905 $ 191,818 Denominator: Weighted-average shares used in basic EPS 170,326 187,470 178,048 187,167 Dilutive effect of common stock equivalents 875 945 1,048 1,023 Weighted-average shares used in diluted EPS 171,201 188,415 179,096 188,190 Basic earnings (loss) per share (1) : Continuing operations $ 0.03 $ 0.25 $ 0.18 $ 0.71 Discontinued operations (0.05 ) 0.17 (0.08 ) 0.32 Net (loss) income $ (0.02 ) $ 0.43 $ 0.10 $ 1.02 Diluted earnings (loss) per share (1) : Continuing operations $ 0.03 $ 0.25 $ 0.18 $ 0.70 Discontinued operations (0.05 ) 0.17 (0.08 ) 0.32 Net (loss) income $ (0.02 ) $ 0.43 $ 0.10 $ 1.02 Anti-dilutive options excluded from diluted earnings per share: 16,182 12,195 16,166 12,097 (1) The sum of the earnings per share amounts may not equal the totals due to rounding.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value. Cost is determined on the last-in, first-out (LIFO) basis for most U.S. inventories and the first-in, first-out (FIFO) basis for most non-U.S. inventories. Inventories at September 30, 2019 and December 31, 2018 consisted of the following: September 30, December 31, Raw materials $ 18,683 $ 8,229 Supplies and service parts 24,283 21,841 Finished products 37,856 36,692 Inventory at FIFO cost 80,822 66,762 Excess of FIFO cost over LIFO cost (4,483 ) (4,483 ) Total inventory, net $ 76,339 $ 62,279

Finance Assets and Lessor Opera

Finance Assets and Lessor Operating Leases	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Finance Assets and Lessor Operating Leases	Finance Assets and Lessor Operating Leases Finance Assets Finance receivables are comprised of sales-type lease receivables and unsecured revolving loan receivables. Sales-type lease receivables are generally due in monthly, quarterly or semi-annual installments over periods ranging from three to five years. Loan receivables arise primarily from financing services offered to our clients for postage and supplies. Most loan receivables are generally due each month; however, clients may rollover outstanding balances. Interest is recognized on loan receivables using the effective interest method and related annual fees are initially deferred and recognized ratably over the annual period covered. Client acquisition costs are expensed as incurred. Finance receivables at September 30, 2019 and December 31, 2018 consisted of the following: September 30, 2019 December 31, 2018 North America International Total North America International Total Sales-type lease receivables Gross finance receivables $ 1,064,996 $ 215,110 $ 1,280,106 $ 1,110,898 $ 242,036 $ 1,352,934 Unguaranteed residual values 43,621 11,264 54,885 52,637 12,772 65,409 Unearned income (331,085 ) (63,121 ) (394,206 ) (383,453 ) (55,113 ) (438,566 ) Allowance for credit losses (11,172 ) (2,217 ) (13,389 ) (10,252 ) (2,356 ) (12,608 ) Net investment in sales-type lease receivables 766,360 161,036 927,396 769,830 197,339 967,169 Loan receivables Loan receivables 285,163 28,100 313,263 300,319 29,270 329,589 Allowance for credit losses (6,016 ) (719 ) (6,735 ) (6,777 ) (837 ) (7,614 ) Net investment in loan receivables 279,147 27,381 306,528 293,542 28,433 321,975 Net investment in finance receivables $ 1,045,507 $ 188,417 $ 1,233,924 $ 1,063,372 $ 225,772 $ 1,289,144 Maturities of gross loan receivables and gross sales-type lease receivables at September 30, 2019 were as follows: Sales-type Lease Receivables Loan Receivables North America International Total North America International Total Remaining for year ending December 31, 2019 $ 132,964 $ 25,592 $ 158,556 $ 245,197 $ 28,100 $ 273,297 Year ending December 31, 2020 383,029 74,364 457,393 12,927 — 12,927 Year ending December 31, 2021 276,009 55,152 331,161 10,463 — 10,463 Year ending December 31, 2022 171,049 35,937 206,986 8,990 — 8,990 Year ending December 31, 2023 83,306 18,521 101,827 3,782 — 3,782 Thereafter 18,639 5,544 24,183 3,804 — 3,804 Total $ 1,064,996 $ 215,110 $ 1,280,106 $ 285,163 $ 28,100 $ 313,263 Allowance for Credit Losses We provide an allowance for probable credit losses based on historical loss experience, the nature and volume of our portfolios, adverse situations that may affect a client's ability to pay, prevailing economic conditions and our ability to manage the collateral. We continually evaluate the adequacy of the allowance for credit losses and make adjustments as necessary. The assumptions used in determining an estimate of credit losses are inherently subjective and actual results may differ significantly from estimated reserves. We establish credit approval limits based on the credit quality of the client and the type of equipment financed. Our policy is to discontinue revenue recognition for lease receivables that are more than 120 days past due and for loan receivables that are more than 90 days past due. We resume revenue recognition when the client's payments reduce the account aging to less than 60 days past due. Finance receivables deemed uncollectible are written off against the allowance after all collection efforts have been exhausted and management deems the account to be uncollectible. As of September 30, 2019 , we believe that our finance receivable credit risk is low because of the geographic and industry diversification of our clients and small account balances for most of our clients. Activity in the allowance for credit losses for the nine months ended September 30, 2019 and 2018 was as follows: Sales-type Lease Receivables Loan Receivables North America International North America International Total Balance at January 1, 2019 $ 10,252 $ 2,356 $ 6,777 $ 837 $ 20,222 Amounts charged to expense 4,587 801 3,547 440 9,375 Write-offs and other (3,667 ) (940 ) (4,308 ) (558 ) (9,473 ) Balance at September 30, 2019 $ 11,172 $ 2,217 $ 6,016 $ 719 $ 20,124 Sales-type Lease Receivables Loan Receivables North America International North America International Total Balance at January 1, 2018 $ 7,721 $ 2,794 $ 7,098 $ 1,020 $ 18,633 Amounts charged to expense 7,037 829 4,896 331 13,093 Write-offs and other (3,979 ) (1,359 ) (5,282 ) (466 ) (11,086 ) Balance at September 30, 2018 $ 10,779 $ 2,264 $ 6,712 $ 885 $ 20,640 Aging of Receivables The aging of gross finance receivables at September 30, 2019 and December 31, 2018 was as follows: September 30, 2019 Sales-type Lease Receivables Loan Receivables North America International North America International Total 1 - 90 days $ 1,032,400 $ 211,442 $ 280,114 $ 27,722 $ 1,551,678 > 90 days 32,596 3,668 5,049 378 41,691 Total $ 1,064,996 $ 215,110 $ 285,163 $ 28,100 $ 1,593,369 Past due amounts > 90 days Still accruing interest $ 4,751 $ 1,074 $ 1,797 $ 53 $ 7,675 Not accruing interest 27,845 2,594 3,252 325 34,016 Total $ 32,596 $ 3,668 $ 5,049 $ 378 $ 41,691 December 31, 2018 Sales-type Lease Receivables Loan Receivables North America International North America International Total 1 - 90 days $ 1,069,290 $ 238,114 $ 294,126 $ 29,079 $ 1,630,609 > 90 days 41,608 3,922 6,193 191 51,914 Total $ 1,110,898 $ 242,036 $ 300,319 $ 29,270 $ 1,682,523 Past due amounts > 90 days Still accruing interest $ 7,917 $ 1,111 $ 1,769 $ 72 $ 10,869 Not accruing interest 33,691 2,811 4,424 119 41,045 Total $ 41,608 $ 3,922 $ 6,193 $ 191 $ 51,914 Credit Quality The extension of credit and management of credit lines to new and existing clients uses a combination of an automated credit score, where available, and a detailed manual review of the client's financial condition and, when applicable, payment history. Once credit is granted, the payment performance of the client is managed through automated collections processes and is supplemented with direct follow up should an account become delinquent. We have robust automated collections and extensive portfolio management processes. The portfolio management processes are in place to track that our global strategy is executed, collection resources are allocated appropriately and enhanced tools and processes are implemented as needed. We use a third party to score the majority of the North America portfolio on a quarterly basis using a commercial credit score. We do not use a third party to score our International portfolio because the cost to do so is prohibitive, given that it is a localized process, and there is no single credit score model that covers all countries. The table below shows the North America portfolio at September 30, 2019 and December 31, 2018 by relative risk class based on the relative scores of the accounts within each class. The relative scores are determined based on a number of factors, including the company type, ownership structure, payment history and financial information. A fourth class is shown for accounts that are not scored. Absence of a score is not indicative of the credit quality of the account. The degree of risk (low, medium, high), as defined by the third party, refers to the relative risk that an account may become delinquent in the next 12 months. • Low risk accounts are companies with very good credit scores and are considered to approximate the top 30% of all commercial borrowers. • Medium risk accounts are companies with average to good credit scores and are considered to approximate the middle 40% of all commercial borrowers. • High risk accounts are companies with poor credit scores, are delinquent or are at risk of becoming delinquent and are considered to approximate the bottom 30% of all commercial borrowers. September 30, December 31, Sales-type lease receivables Low $ 853,156 $ 922,414 Medium 160,969 131,650 High 22,315 22,110 Not Scored 28,556 34,724 Total $ 1,064,996 $ 1,110,898 Loan receivables Low $ 215,319 $ 238,620 Medium 53,176 43,952 High 5,379 5,947 Not Scored 11,289 11,800 Total $ 285,163 $ 300,319 Lease Income Lease income from sales-type leases for the three and nine months ended September 30, 2019 and 2018 was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Profit recognized at commencement (1) $ 38,086 $ 38,204 $ 108,743 $ 125,133 Interest income 56,522 60,653 174,045 183,340 Total lease income from sales-type leases $ 94,608 $ 98,857 $ 282,788 $ 308,473 (1) Lease contracts do not include variable lease payments. Lessor Operating Leases We also lease mailing equipment under operating leases with terms of one to five years. Maturities of these operating leases are as follows: Remaining for year ending December 31, 2019 $ 9,092 Year ending December 31, 2020 30,986 Year ending December 31, 2021 15,600 Year ending December 31, 2022 6,886 Year ending December 31, 2023 3,154 Thereafter 412 Total $ 66,130

Intangible Assets and Goodwill

Intangible Assets and Goodwill	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill Intangible Assets Intangible assets at September 30, 2019 and December 31, 2018 consisted of the following: September 30, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 347,515 $ (164,336 ) $ 183,179 $ 338,320 $ (149,539 ) $ 188,781 Software & technology 52,309 (38,517 ) 13,792 54,297 (35,325 ) 18,972 Trademarks & other 21,365 (18,621 ) 2,744 22,305 (16,858 ) 5,447 Total intangible assets $ 421,189 $ (221,474 ) $ 199,715 $ 414,922 $ (201,722 ) $ 213,200 Amortization expense was $9 million and $10 million for the three months ended September 30, 2019 and 2018 , respectively, and $27 million and $29 million for the nine months ended September 30, 2019 and 2018 , respectively. Future amortization expense as of September 30, 2019 is shown in the table below. Actual amortization expense may differ due to, among other things, fluctuations in foreign currency exchange rates, impairments, acquisitions and accelerated amortization. Remaining for year ending December 31, 2019 $ 9,171 Year ending December 31, 2020 33,368 Year ending December 31, 2021 29,972 Year ending December 31, 2022 29,026 Year ending December 31, 2023 26,188 Thereafter 71,990 Total $ 199,715 Goodwill Changes in the carrying value of goodwill, by reporting segment, for the nine months ended September 30, 2019 are shown in the table below. December 31, 2018 Acquisition/(divestiture) Currency impact September 30, Global Ecommerce $ 609,431 $ — $ — $ 609,431 Presort Services 207,465 5,064 — 212,529 Commerce Services 816,896 5,064 — 821,960 SendTech Solutions 515,455 (10,490 ) (9,888 ) 495,077 Total goodwill $ 1,332,351 $ (5,426 ) $ (9,888 ) $ 1,317,037 In January 2019, we wrote off $10 million of goodwill associated with Market Exits.

Fair Value Measurements and Der

Fair Value Measurements and Derivative Instruments	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements and Derivative Instruments	Fair Value Measurements and Derivative Instruments We measure certain financial assets and liabilities at fair value on a recurring basis. Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. An entity is required to classify certain assets and liabilities measured at fair value based on the following fair value hierarchy that prioritizes the inputs used to measure fair value: Level 1 – Unadjusted quoted prices in active markets for identical assets and liabilities. Level 2 – Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – Unobservable inputs that are supported by little or no market activity, may be derived from internally developed methodologies based on management’s best estimate of fair value and that are significant to the fair value of the asset or liability. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement requires judgment and may affect its placement within the fair value hierarchy. The following tables show, by level within the fair value hierarchy, our financial assets and liabilities that are accounted for at fair value on a recurring basis at September 30, 2019 and December 31, 2018 . September 30, 2019 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds / certificates of deposit $ 157,114 $ 260,383 $ — $ 417,497 Equity securities — 21,814 — 21,814 Commingled fixed income securities 1,655 20,819 — 22,474 Government and related securities 71,908 18,079 — 89,987 Corporate debt securities — 73,332 — 73,332 Mortgage-backed / asset-backed securities — 74,718 — 74,718 Derivatives Foreign exchange contracts — 729 — 729 Total assets $ 230,677 $ 469,874 $ — $ 700,551 Liabilities: Derivatives Foreign exchange contracts $ — $ (5,454 ) $ — $ (5,454 ) Total liabilities $ — $ (5,454 ) $ — $ (5,454 ) December 31, 2018 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds / certificates of deposit $ 220,756 $ 391,891 $ — $ 612,647 Equity securities — 19,133 — 19,133 Commingled fixed income securities 1,570 20,141 — 21,711 Government and related securities 98,790 9,787 — 108,577 Corporate debt securities — 56,938 — 56,938 Mortgage-backed / asset-backed securities — 98,334 — 98,334 Derivatives Foreign exchange contracts — 2,031 — 2,031 Total assets $ 321,116 $ 598,255 $ — $ 919,371 Liabilities: Derivatives Foreign exchange contracts $ — $ (735 ) $ — $ (735 ) Total liabilities $ — $ (735 ) $ — $ (735 ) Investment Securities The valuation of investment securities is based on the market approach using inputs that are observable, or can be corroborated by observable data, in an active marketplace. The following information relates to our classification into the fair value hierarchy: • Money Market Funds / Certificates of Deposit: Money market funds typically invest in government securities, certificates of deposit, commercial paper and other highly liquid, low risk securities. Money market funds are principally used for overnight deposits and are classified as Level 1 when unadjusted quoted prices in active markets are available and as Level 2 when they are not actively traded on an exchange. Certificates of deposit typically invest with financial institutions and have specific maturity dates and a fixed rate of return, and are classified as Level 2. Direct investments in commercial paper, classified as Level 2, comprised 3% of the December 2018 balance. • Equity Securities: Equity securities are comprised of mutual funds investing in U.S. and foreign stocks. These mutual funds are classified as Level 2. • Commingled Fixed Income Securities: Commingled fixed income securities are comprised of mutual funds that invest in a variety of fixed income securities, including securities of the U.S. government and its agencies, corporate debt, mortgage-backed securities and asset-backed securities. Fair value is based on the value of the underlying investments owned by each fund, minus its liabilities, divided by the number of shares outstanding, as reported by the fund manager. These mutual funds are classified as Level 1 when unadjusted quoted prices in active markets are available and as Level 2 when they are not actively traded on an exchange. • Government and Related Securities: Debt securities are classified as Level 1 where active, high volume trades for identical securities exist. Valuation adjustments are not applied to these securities. Debt securities are classified as Level 2 where fair value is determined using quoted market prices for similar securities or benchmarking model derived prices to quoted market prices and trade data for identical or comparable securities. • Corporate Debt Securities: Corporate debt securities are valued using recently executed comparable transactions, market price quotations or bond spreads for the same maturity as the security. These securities are classified as Level 2. • Mortgage-Backed Securities / Asset-Backed Securities: These securities are valued based on external pricing indices or external price/spread data. These securities are classified as Level 2. Available-For-Sale Securities Investment securities classified as available-for-sale are recorded at fair value with unrealized holding gains and losses, net of tax, recorded in accumulated other comprehensive income (AOCI). Available-for-sale investment securities are predominantly held at the Pitney Bowes Bank, whose primary business is to provide financing solutions to clients that rent postage meters and purchase supplies. Available-for-sale securities at September 30, 2019 and December 31, 2018 consisted of the following: September 30, 2019 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 88,050 $ 1,946 $ (47 ) $ 89,949 Corporate debt securities 71,763 1,907 (338 ) 73,332 Commingled fixed income securities 1,666 — (11 ) 1,655 Mortgage-backed / asset-backed securities 73,777 1,269 (328 ) 74,718 Total $ 235,256 $ 5,122 $ (724 ) $ 239,654 December 31, 2018 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 109,776 $ 47 $ (1,336 ) $ 108,487 Corporate debt securities 58,714 4 (1,780 ) 56,938 Commingled fixed income securities 1,637 — (67 ) 1,570 Mortgage-backed / asset-backed securities 100,186 167 (2,019 ) 98,334 Total $ 270,313 $ 218 $ (5,202 ) $ 265,329 The aggregate unrealized holding losses of investment securities in a loss position at September 30, 2019 and December 31, 2018 were as follows: September 30, 2019 December 31, 2018 Fair Value Gross unrealized losses Fair Value Gross unrealized losses Less than 12 continuous months $ 35,784 $ 360 $ 48,318 $ 847 Greater than 12 continuous months 28,235 364 177,331 4,355 Total $ 64,019 $ 724 $ 225,649 $ 5,202 We have not recognized an other-than-temporary impairment on any of the investment securities in an unrealized loss position because we have the ability and intent to hold these securities until recovery of the unrealized losses or expect to receive the stated principal and interest at maturity. Scheduled maturities of available-for-sale securities at September 30, 2019 were as follows: Amortized cost Estimated fair value Within 1 year $ 39,047 $ 39,133 After 1 year through 5 years 58,494 59,246 After 5 years through 10 years 69,077 70,267 After 10 years 68,638 71,008 Total $ 235,256 $ 239,654 The scheduled maturities of mortgage-backed and asset-backed securities may not coincide with the actual payment, as borrowers have the right to prepay obligations. We have not experienced any significant write-offs in our investment portfolio. The majority of our mortgage-backed securities are either guaranteed or supported by the U.S. Government. We have no investments in inactive markets that would warrant a possible change in our pricing methods or classification within the fair value hierarchy. Derivative Instruments In the normal course of business, we are exposed to the impact of changes in foreign currency exchange rates and interest rates. We mitigate these exposures by following established risk management policies and procedures, including the use of derivatives. We use derivative instruments to limit the effects of exchange rate fluctuations on financial results and manage the cost of debt. We do not use derivatives for trading or speculative purposes. We record derivative instruments at fair value and the accounting for changes in the fair value depends on the intended use of the derivative, the resulting designation and the effectiveness of the instrument in offsetting the risk exposure it is designed to hedge. Foreign Exchange Contracts We enter into foreign exchange contracts to mitigate the currency risk associated with the anticipated purchase of inventory between affiliates and from third parties. These contracts are designated as cash flow hedges. The effective portion of the gain or loss on cash flow hedges is included in AOCI in the period that the change in fair value occurs and is reclassified to earnings in the period that the hedged item is recorded in earnings. No amount of ineffectiveness was recorded in earnings for these designated cash flow hedges. At both September 30, 2019 and December 31, 2018 , we had outstanding contracts associated with these anticipated transactions with notional amounts of $8 million . The valuation of foreign exchange derivatives is based on the market approach using observable market inputs, such as foreign currency spot and forward rates and yield curves. We have not seen a material change in the creditworthiness of those banks acting as derivative counterparties in the three months ended September 30, 2019 . Interest Rate Swap We had an interest rate swap with a notional amount of $300 million to mitigate the interest rate risk associated with $300 million of variable-rate term loans. This swap matured in September 2018. While outstanding, the swap was designated as a cash flow hedge and the effective portion of the gain or loss on the cash flow hedge was included in AOCI in the period that the change in fair value occurred and reclassified to earnings in the period that the hedged item was recorded in earnings. The fair value of derivative instruments at September 30, 2019 and December 31, 2018 was as follows: Designation of Derivatives Balance Sheet Location September 30, December 31, Derivatives designated as hedging instruments Foreign exchange contracts Other current assets and prepayments $ 113 $ 61 Accounts payable and accrued liabilities (52 ) (104 ) Derivatives not designated as hedging instruments Foreign exchange contracts Other current assets and prepayments 616 1,970 Accounts payable and accrued liabilities (5,402 ) (631 ) Total derivative assets $ 729 $ 2,031 Total derivative liabilities (5,454 ) (735 ) Total net derivative (liability) asset $ (4,725 ) $ 1,296 Amounts included in AOCI at September 30, 2019 related to derivative instruments will be recognized in earnings within the next 12 months. The following represents the results of cash flow hedging relationships for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended September 30, Derivative Gain (Loss) Recognized in AOCI (Effective Portion) Location of Gain (Loss) (Effective Portion) Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion) Derivative Instrument 2019 2018 2019 2018 Foreign exchange contracts $ 156 $ (42 ) Revenue $ (98 ) $ (38 ) Cost of sales 54 52 Interest rate swap — (824 ) Interest Expense — — $ 156 $ (866 ) $ (44 ) $ 14 Nine Months Ended September 30, Derivative Gain (Loss) Recognized in AOCI (Effective Portion) Location of Gain (Loss) (Effective Portion) Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion) Derivative Instrument 2019 2018 2019 2018 Foreign exchange contracts $ 181 $ 111 Revenue $ (23 ) $ 38 Cost of sales 99 (33 ) Interest rate swap — (1,776 ) Interest Expense — — $ 181 $ (1,665 ) $ 76 $ 5 We enter into foreign exchange contracts to minimize the impact of exchange rate fluctuations on short-term intercompany loans and related interest that are denominated in a foreign currency. The revaluation of intercompany loans and interest and the corresponding mark-to-market adjustment on derivatives are recorded in earnings. The table below represents the mark-to-market adjustments of non-designated derivative instruments for the three and nine months ended September 30, 2019 and 2018 . All outstanding contracts at September 30, 2019 mature within 12 months. Three Months Ended September 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2019 2018 Foreign exchange contracts Selling, general and administrative expense $ (11,385 ) $ (1,948 ) Nine Months Ended September 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2019 2018 Foreign exchange contracts Selling, general and administrative expense $ (6,181 ) $ (20,344 ) Credit-Risk-Related Contingent Features Certain derivative instruments contain credit-risk-related contingent features that require us to post collateral based on a combination of our long-term senior unsecured debt ratings and the net fair value of our derivatives. At September 30, 2019 , we had no cash collateral posted. Fair Value of Financial Instruments Our financial instruments include cash and cash equivalents, investment securities, accounts receivable, loan receivables, derivative instruments, accounts payable and debt. The carrying value for cash and cash equivalents, accounts receivable, loans receivable and accounts payable approximate fair value because of the short maturity of these instruments. The carrying value and estimated fair value of our debt at September 30, 2019 and December 31, 2018 were as follows: September 30, 2019 December 31, 2018 Carrying value $ 3,069,091 $ 3,265,608 Fair value $ 2,953,853 $ 3,003,678

Restructuring Charges and Asset

Restructuring Charges and Asset Impairments	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring Charges and Asset Impairments	Restructuring Charges and Asset Impairments Restructuring Charges Activity in our restructuring reserves for the nine months ended September 30, 2019 and 2018 was as follows: Severance and benefits costs Other exit costs Total Balance at January 1, 2019 $ 13,641 $ 1,808 $ 15,449 Expenses, net 12,498 845 13,343 Cash payments (16,362 ) (2,483 ) (18,845 ) Balance at September 30, 2019 $ 9,777 $ 170 $ 9,947 Balance at January 1, 2018 $ 42,151 $ 1,569 $ 43,720 Expenses, net 13,637 5,134 18,771 Cash payments (37,492 ) (1,750 ) (39,242 ) Balance at September 30, 2018 $ 18,296 $ 4,953 $ 23,249 The majority of the remaining restructuring reserves are expected to be paid over the next 12 to 24 months. Asset Impairments Asset impairment charges were $42 million for the nine months ended September 30, 2019

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	Debt Total debt at September 30, 2019 and December 31, 2018 consisted of the following: Interest rate September 30, 2019 December 31, 2018 Notes due September 2020 4.125% $ 300,000 $ 300,000 Notes due October 2021 3.875% 600,000 600,000 Notes due May 2022 4.625% 400,000 400,000 Notes due April 2023 4.95% 400,000 400,000 Notes due March 2024 4.625% 500,000 500,000 Notes due January 2037 5.25% 35,841 35,841 Notes due March 2043 6.7% 425,000 425,000 Term loans Variable 427,500 630,000 Other debt 5,158 5,297 Principal amount 3,093,499 3,296,138 Less: unamortized costs, net 24,408 30,530 Total debt 3,069,091 3,265,608 Less: current portion long-term debt 501,728 199,535 Long-term debt $ 2,567,363 $ 3,066,073 Interest rates on certain notes are subject to adjustment based on changes in our credit ratings. In April 2019, Moody's lowered our corporate credit rating from Ba1 to Ba2. As a result, the interest rates on the May 2022 notes and September 2020 notes increased 0.25% since December 31, 2018, and the interest rates on the October 2021 notes and April 2023 increased 0.25% on October 1, 2019. During 2019, we repaid $38 million of principal related to our term loans. In September 2019, we repaid the remaining $165 million of our $200 million term loan and recorded a loss of $1 million on the early redemption of debt. In November 2019, we repaid the $150 million term loan due November 2019 and the remaining balance of the $300 million term loan due December 2020, secured a new five-year $400 million term loan and replaced our revolving credit facility scheduled to mature in January 2021 for $500 million .

Pensions and Other Benefit Prog

Pensions and Other Benefit Programs	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
Pensions and Other Benefit Programs	Pensions and Other Benefit Programs The components of net periodic benefit (income) cost were as follows: Defined Benefit Pension Plans Nonpension Postretirement Benefit Plans United States Foreign Three Months Ended Three Months Ended Three Months Ended September 30, September 30, September 30, 2019 2018 2019 2018 2019 2018 Service cost $ 20 $ 23 $ 385 $ 567 $ 242 $ 298 Interest cost 15,792 15,363 4,435 4,434 1,646 1,676 Expected return on plan assets (23,182 ) (25,281 ) (8,340 ) (8,730 ) — — Amortization of transition credit — — (2 ) (2 ) — — Amortization of prior service (credit) cost (15 ) (15 ) 58 (18 ) 80 112 Amortization of net actuarial loss 6,537 7,851 1,543 1,807 507 338 Settlement 1,477 796 — — — 339 Net periodic benefit cost (income) $ 629 $ (1,263 ) $ (1,921 ) $ (1,942 ) $ 2,475 $ 2,763 Contributions to benefit plans $ 3,350 $ 2,479 $ 652 $ 661 $ 4,628 $ 4,442 Defined Benefit Pension Plans Nonpension Postretirement Benefit Plans United States Foreign Nine Months Ended Nine Months Ended Nine Months Ended September 30, September 30, September 30, 2019 2018 2019 2018 2019 2018 Service cost $ 62 $ 69 $ 1,157 $ 1,731 $ 725 $ 1,109 Interest cost 47,378 46,087 13,231 13,721 4,937 4,888 Expected return on plan assets (69,545 ) (75,815 ) (25,609 ) (27,045 ) — — Amortization of transition credit — — (5 ) (5 ) — — Amortization of prior service (credit) cost (45 ) (45 ) 181 (54 ) 241 287 Amortization of net actuarial loss 19,610 23,555 4,727 5,590 1,521 2,153 Settlement (1) 2,278 796 397 — — 339 Net periodic benefit (income) cost $ (262 ) $ (5,353 ) $ (5,921 ) $ (6,062 ) $ 7,424 $ 8,776 Contributions to benefit plans $ 7,401 $ 5,674 $ 9,740 $ 10,640 $ 13,841 $ 13,552 (1) Approximately $1.4 million and $1.0 million of total settlement charges were recorded in restructuring charges and discontinued operations, respectively, for the nine months ended September 30, 2019 .

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate for the three months ended September 30, 2019 and 2018 was 127.3% and (5.5)% , respectively. The effective tax rate for the three months ended September 30, 2019 includes a benefit of $23 million from the release of a foreign valuation allowance. The effective tax rate for the three months ended September 30, 2018 includes a benefit from the resolution of certain tax examinations of $7 million and a benefit of $8 million related to the re-measurement of deferred tax assets and liabilities and revisions of the U.S. tax on unremitted earnings of our foreign subsidiaries. The effective tax rate for the nine months ended September 30, 2019 and 2018 was (71.2)% and 11.5% , respectively. The effective tax rate for the nine months ended September 30, 2019 includes a benefit of $23 million from the release of a foreign valuation allowance as well as a $2 million tax on the $18 million book loss from Market Exits, primarily due to nondeductible basis differences. The effective tax rate for the nine months ended September 30, 2019 and 2018 includes a benefit of $6 million and $13 million , respectively, from the resolution of certain tax examinations. The effective tax rate for the nine months ended September 30, 2018 also includes a benefit of $17 million related to the re-measurement of deferred tax assets and liabilities and revisions of the U.S. tax on unremitted earnings of our foreign subsidiaries. As is the case with other large corporations, our tax returns are examined by tax authorities in the U.S. and other global taxing jurisdictions in which we have operations. As a result, it is reasonably possible that the amount of unrecognized tax benefits will decrease in the next 12 months, and this decrease could be up to 30% of our unrecognized tax benefits.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, we are routinely defendants in, or party to, a number of pending and threatened legal actions. These may involve litigation by or against us relating to, among other things, contractual rights under vendor, insurance or other contracts; intellectual property or patent rights; equipment, service, payment or other disputes with clients; or disputes with employees. Some of these actions may be brought as a purported class action on behalf of a purported class of employees, customers or others. In management's opinion, the potential liability, if any, that may result from these actions, either individually or collectively, is not reasonably expected to have a material effect on our financial position, results of operations or cash flows as of September 30, 2019 . However, as litigation is inherently unpredictable, there can be no assurances in this regard. In August 2018, the Company, certain of its directors, officers and several banks who served as underwriters, were named as defendants in City of Livonia Retiree Health and Disability Benefits Plan v. Pitney Bowes Inc. et al. , a putative class action lawsuit filed in Connecticut state court. The complaint asserts claims under the Securities Act of 1933, as amended, on behalf of those who purchased notes issued by the Company in connection with a September 13, 2017 offering, alleging, among other things, that the Company failed to make certain disclosures relating to components of its third quarter 2017 performance at the time of the notes offering. The complaint seeks compensatory damages and other relief. On October 24, 2019, the court granted the defendants' motions to strike the complaint for failure to state a claim. In addition, in December 2018 and then in February 2019, certain of the Company’s officers and directors were named as defendants in two virtually identical derivative actions purportedly brought on behalf of the Company, Clem v. Lautenbach et al. and Devolin v. Lautenbach et al. These two actions, both filed by the same counsel in Connecticut state court, allege, among other things, breaches of fiduciary duty relating to these same disclosures, and seek compensatory damages and other relief derivatively for the benefit of the Company. Although litigation outcomes are inherently unpredictable, we believe these matters are without merit and intend to defend them vigorously. A reasonable estimate of the amount of any possible loss or range of loss cannot be made at this time.

Leased Assets and Liabilities

Leased Assets and Liabilities	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leased Assets and Liabilities	Leased Assets and Liabilities We lease real estate and equipment under operating and finance lease agreements. Our leases have terms of up to 15 years, some of which include the option to extend the lease for up to 5 years. At lease commencement, a lease liability and corresponding right-of-use asset is recognized. Lease liabilities represent the present value of future lease payments over the expected lease term, which includes options to extend or terminate the lease when it is reasonably certain those options will be exercised. Lease payments include all fixed payments and variable payments tied to an index. Variable payments excluded from the right-of-use asset and lease liability primarily include common area maintenance charges, property taxes, insurance and mileage. The present value of our lease liability is determined using our incremental borrowing rate at lease inception. Information regarding our operating and financing leases are as follows: Leases Balance Sheet Location September 30, 2019 December 31, 2018 Assets Operating Operating lease assets $ 172,617 $ 152,554 Finance Property, plant and equipment, net 11,250 10,683 Total leased assets $ 183,867 $ 163,237 Liabilities Operating Current operating lease liabilities $ 34,091 $ 35,208 Noncurrent operating lease liabilities 148,125 125,294 Finance Accounts payable and accrued liabilities 2,773 2,708 Other noncurrent liabilities 7,589 7,054 Total lease liabilities $ 192,578 $ 170,264 Three Months Ended September 30, Nine Months Ended September 30, Lease Cost 2019 2018 2019 2018 Operating lease expense $ 12,347 $ 12,395 $ 34,750 $ 33,835 Finance lease expense Amortization of leased assets 838 692 2,529 1,934 Interest on lease liabilities 172 135 520 378 Variable lease expense 4,969 4,272 18,821 16,486 Sublease income (381 ) (680 ) (1,726 ) (1,132 ) Total expense $ 17,945 $ 16,814 $ 54,894 $ 51,501 Operating lease expense includes immaterial amounts related to leases with terms of 12 months or less. Future Lease Payments Operating Leases Finance Leases Total Remaining for year ending December 31, 2019 $ 11,233 $ 907 $ 12,140 Year ending December 31, 2020 42,292 3,242 45,534 Year ending December 31, 2021 35,970 2,850 38,820 Year ending December 31, 2022 27,799 2,278 30,077 Year ending December 31, 2023 21,392 1,626 23,018 Thereafter 88,779 983 89,762 Total 227,465 11,886 239,351 Less: present value discount 45,249 1,524 46,773 Lease liability $ 182,216 $ 10,362 $ 192,578 Operating leases exclude $28 million of minimum lease payments for leases signed but not yet commenced at September 30, 2019 . Lease Term and Discount Rate September 30, 2019 December 31, 2018 Weighted-average remaining lease term Operating leases 7.5 years 7.2 years Finance leases 4.0 years 4.1 years Weighted-average discount rate Operating leases 5.9% 4.5% Finance leases 6.7% 6.2% Three Months Ended September 30, Nine Months Ended September 30, Cash Flow Information 2019 2018 2019 2018 Operating cash outflows - operating leases $ 10,440 $ 12,319 $ 32,041 $ 33,075 Operating cash outflows - finance leases $ 172 $ 135 $ 520 $ 378 Financing cash outflows - finance leases $ 758 $ 630 $ 2,278 $ 1,786 Leased assets obtained in exchange for new lease obligations Operating leases $ 3,123 $ 26,134 $ 51,504 $ 33,128 Finance leases $ 1,124 $ 2,983 $ 3,227 $ 4,143
Leased Assets and Liabilities	Leased Assets and Liabilities We lease real estate and equipment under operating and finance lease agreements. Our leases have terms of up to 15 years, some of which include the option to extend the lease for up to 5 years. At lease commencement, a lease liability and corresponding right-of-use asset is recognized. Lease liabilities represent the present value of future lease payments over the expected lease term, which includes options to extend or terminate the lease when it is reasonably certain those options will be exercised. Lease payments include all fixed payments and variable payments tied to an index. Variable payments excluded from the right-of-use asset and lease liability primarily include common area maintenance charges, property taxes, insurance and mileage. The present value of our lease liability is determined using our incremental borrowing rate at lease inception. Information regarding our operating and financing leases are as follows: Leases Balance Sheet Location September 30, 2019 December 31, 2018 Assets Operating Operating lease assets $ 172,617 $ 152,554 Finance Property, plant and equipment, net 11,250 10,683 Total leased assets $ 183,867 $ 163,237 Liabilities Operating Current operating lease liabilities $ 34,091 $ 35,208 Noncurrent operating lease liabilities 148,125 125,294 Finance Accounts payable and accrued liabilities 2,773 2,708 Other noncurrent liabilities 7,589 7,054 Total lease liabilities $ 192,578 $ 170,264 Three Months Ended September 30, Nine Months Ended September 30, Lease Cost 2019 2018 2019 2018 Operating lease expense $ 12,347 $ 12,395 $ 34,750 $ 33,835 Finance lease expense Amortization of leased assets 838 692 2,529 1,934 Interest on lease liabilities 172 135 520 378 Variable lease expense 4,969 4,272 18,821 16,486 Sublease income (381 ) (680 ) (1,726 ) (1,132 ) Total expense $ 17,945 $ 16,814 $ 54,894 $ 51,501 Operating lease expense includes immaterial amounts related to leases with terms of 12 months or less. Future Lease Payments Operating Leases Finance Leases Total Remaining for year ending December 31, 2019 $ 11,233 $ 907 $ 12,140 Year ending December 31, 2020 42,292 3,242 45,534 Year ending December 31, 2021 35,970 2,850 38,820 Year ending December 31, 2022 27,799 2,278 30,077 Year ending December 31, 2023 21,392 1,626 23,018 Thereafter 88,779 983 89,762 Total 227,465 11,886 239,351 Less: present value discount 45,249 1,524 46,773 Lease liability $ 182,216 $ 10,362 $ 192,578 Operating leases exclude $28 million of minimum lease payments for leases signed but not yet commenced at September 30, 2019 . Lease Term and Discount Rate September 30, 2019 December 31, 2018 Weighted-average remaining lease term Operating leases 7.5 years 7.2 years Finance leases 4.0 years 4.1 years Weighted-average discount rate Operating leases 5.9% 4.5% Finance leases 6.7% 6.2% Three Months Ended September 30, Nine Months Ended September 30, Cash Flow Information 2019 2018 2019 2018 Operating cash outflows - operating leases $ 10,440 $ 12,319 $ 32,041 $ 33,075 Operating cash outflows - finance leases $ 172 $ 135 $ 520 $ 378 Financing cash outflows - finance leases $ 758 $ 630 $ 2,278 $ 1,786 Leased assets obtained in exchange for new lease obligations Operating leases $ 3,123 $ 26,134 $ 51,504 $ 33,128 Finance leases $ 1,124 $ 2,983 $ 3,227 $ 4,143

Stockholders_ Equity

Stockholders’ Equity	9 Months Ended
	Sep. 30, 2019
Stockholders' Equity Note [Abstract]
Stockholders’ Equity	Stockholders’ Equity Changes in stockholders’ equity for the three months ended September 30, 2019 and 2018 were as follows: Preferred stock Preference stock Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at July 1, 2019 $ — $ — $ 323,338 $ 105,341 $ 5,282,374 $ (907,678 ) $ (4,750,403 ) $ 52,972 Net loss — — — — (3,125 ) — — (3,125 ) Other comprehensive loss — — — — — (18,774 ) — (18,774 ) Dividends paid ($0.05 per common share) — — — — (8,508 ) — — (8,508 ) Issuance of common stock — — — (10,146 ) — — 11,291 1,145 Conversion to common stock — — — (246 ) — — 246 — Stock-based compensation expense — — — 6,702 — — — 6,702 Repurchase of common stock — — — — — — (5,000 ) (5,000 ) Balance at September 30, 2019 $ — $ — $ 323,338 $ 101,651 $ 5,270,741 $ (926,452 ) $ (4,743,866 ) $ 25,412 Preferred stock Preference stock Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at July 1, 2018 $ 1 $ 415 $ 323,338 $ 122,732 $ 5,103,588 $ (811,804 ) $ (4,689,309 ) $ 48,961 Net income — — — — 80,277 — — 80,277 Other comprehensive income — — — — — 5,639 — 5,639 Dividends paid ($0.1875 per common share) — — — — (35,183 ) — — (35,183 ) Issuance of common stock — — — (11,190 ) — — 12,909 1,719 Conversion to common stock — (12 ) — (242 ) — — 254 — Stock-based compensation expense — — — 6,618 — — — 6,618 Balance at September 30, 2018 $ 1 $ 403 $ 323,338 $ 117,918 $ 5,148,682 $ (806,165 ) $ (4,676,146 ) $ 108,031 Changes in stockholders’ equity for the nine months ended September 30, 2019 and 2018 were as follows: Preferred stock Preference stock Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at January 1, 2019 $ 1 $ 396 $ 323,338 $ 121,475 $ 5,279,682 $ (948,961 ) $ (4,674,089 ) $ 101,842 Net income — — — — 17,913 — — 17,913 Other comprehensive income — — — — — 22,509 — 22,509 Dividends paid ($0.15 per common share) — — — — (26,854 ) — — (26,854 ) Issuance of common stock — — — (32,877 ) — — 32,289 (588 ) Conversion to common stock — (130 ) — (2,804 ) — — 2,934 — Redemption of preferred/preference stock (1 ) (266 ) — (10 ) — — — (277 ) Stock-based compensation expense — — — 15,867 — — — 15,867 Repurchase of common stock — — — — — — (105,000 ) (105,000 ) Balance at September 30, 2019 $ — $ — $ 323,338 $ 101,651 $ 5,270,741 $ (926,452 ) $ (4,743,866 ) $ 25,412 Preferred stock Preference stock Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at January 1, 2018 $ 1 $ 441 $ 323,338 $ 138,367 $ 5,074,343 $ (794,940 ) $ (4,710,997 ) $ 30,553 Cumulative effect of accounting change — — — — (12,207 ) — — (12,207 ) Net income — — — — 191,842 — — 191,842 Other comprehensive loss — — — — — (11,225 ) — (11,225 ) Dividends paid ($0.5625 per common share) — — — — (105,296 ) — — (105,296 ) Issuance of common stock — — — (35,457 ) — — 34,050 (1,407 ) Conversion to common stock — (38 ) — (763 ) — — 801 — Stock-based compensation expense — — — 15,771 — — — 15,771 Balance at September 30, 2018 $ 1 $ 403 $ 323,338 $ 117,918 $ 5,148,682 $ (806,165 ) $ (4,676,146 ) $ 108,031

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income Reclassifications out of AOCI for the three and nine months ended September 30, 2019 and 2018 were as follows: Amount Reclassified from AOCI (1) Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Losses) gains on cash flow hedges Revenue $ (98 ) $ (38 ) $ (23 ) $ 38 Cost of sales 54 52 99 (33 ) Interest expense, net — (825 ) — (1,839 ) Total before tax (44 ) (811 ) 76 (1,834 ) Income tax benefit (provision) 11 206 (19 ) 468 Net of tax $ (33 ) $ (605 ) $ 57 $ (1,366 ) Gains (losses) on available for sale securities Interest expense, net $ 146 $ (40 ) $ 42 $ 150 Income tax (provision) benefit (37 ) 10 (11 ) (38 ) Net of tax $ 109 $ (30 ) $ 31 $ 112 Pension and Postretirement Benefit Plans (2) Transition credit $ 2 $ 2 $ 5 $ 5 Prior service costs (123 ) (79 ) (377 ) (188 ) Actuarial losses (8,587 ) (9,996 ) (25,858 ) (31,298 ) Settlements (1,477 ) (1,135 ) (2,675 ) (1,135 ) Total before tax (10,185 ) (11,208 ) (28,905 ) (32,616 ) Income tax benefit 2,633 2,399 7,406 7,766 Net of tax $ (7,552 ) $ (8,809 ) $ (21,499 ) $ (24,850 ) (1) Amounts in parentheses indicate reductions to income and increases to other comprehensive income. (2) Reclassified from AOCI into other components of net pension and postretirement cost (see Note 12 for additional details). Changes in AOCI for the nine months ended September 30, 2019 and 2018 were as follows: Cash flow hedges Available for sale securities Pension and postretirement benefit plans Foreign currency adjustments Total Balance at January 1, 2019 $ 191 $ (3,061 ) $ (846,461 ) $ (99,630 ) $ (948,961 ) Other comprehensive income (loss) before reclassifications (1) 135 7,547 — (6,584 ) 1,098 Reclassifications into earnings (1), (2) (57 ) (31 ) 21,499 — 21,411 Net other comprehensive income (loss) 78 7,516 21,499 (6,584 ) 22,509 Balance at September 30, 2019 $ 269 $ 4,455 $ (824,962 ) $ (106,214 ) $ (926,452 ) Cash flow hedges Available for sale securities Pension and postretirement benefit plans Foreign currency adjustments Total Balance at January 1, 2018 $ (406 ) $ 1,597 $ (748,800 ) $ (47,331 ) $ (794,940 ) Other comprehensive loss before reclassifications (1) (593 ) (6,402 ) — (30,334 ) (37,329 ) Reclassifications into earnings (1), (2) 1,366 (112 ) 24,850 — 26,104 Net other comprehensive income (loss) 773 (6,514 ) 24,850 (30,334 ) (11,225 ) Balance at September 30, 2018 $ 367 $ (4,917 ) $ (723,950 ) $ (77,665 ) $ (806,165 ) (1) Amounts are net of tax. Amounts in parentheses indicate debits to AOCI. (2) See table above for additional details of these reclassifications.

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Accounting Pronouncements Adopted in 2019 On January 1, 2019, we adopted Accounting Standards Codification (ASC) 842, Leases (ASC 842) , using the modified retrospective transition approach of applying the standard at the beginning of the earliest comparative period presented in the financial statements. We recognized a cumulative effect adjustment at January 1, 2017 to reduce retained earnings by $137 million and recast prior period financial statements. See Notes 7 and 15 for more information. From a lessor perspective, the standard simplifies the accounting for lease modifications and aligns accounting of lease contracts with revenue recognition guidance. We continue to classify leases as sales-type or operating, with the determination affecting both the pattern and classification of income recognition. There were changes in the timing and classification of revenue related to contract modifications. There were also changes related to the definition of a leased asset, which requires us to account for two lease components as a single lease component. Under prior guidance, one of the components was generally accounted for as a sales-type lease and the second as an operating lease. Under ASC 842, the two components are generally accounted for as sales-type leases and certain income and costs previously recognized over the life of the lease are now accelerated. From a lessee perspective, the standard requires us to recognize right-of-use assets and lease liabilities for real estate and equipment operating leases and to provide new disclosures about our leasing activities. We elected the short-term lease recognition exemption and did not recognize right-of-use assets or lease liabilities for leases with a term less than 12 months. We also elected the practical expedient to not separate lease and non-lease components for our lessee portfolio. Updates to significant accounting policies disclosed in our 2018 Annual Report due to the adoption of ASC 842 are discussed below. Equipment sales: We sell and lease equipment directly to customers and to distributors (re-sellers) throughout the world. The amount of revenue allocated to the equipment is based on a range of observable selling prices in standalone transactions. Revenue from the sale of equipment under sales-type leases is recognized as equipment sales revenue when control of the equipment transfers to the customer, which is upon shipment for self-installed products and upon installation or customer acceptance for other products. We do not typically offer any rights of return. Rentals: Rentals revenue includes revenue from mailing equipment that does not meet the criteria to be accounted for as a sales-type lease. We may invoice in advance for rentals according to the terms of the agreement. We initially defer these advanced billings and recognize rentals revenue on a straight-line basis over the rental period. Revenue generated from financing clients for the continued use of equipment subsequent to the expiration of the original lease is recognized as rentals revenue. Financing: We provide financing for our products primarily through sales-type leases. We also provide revolving lines of credit for the purchase of postage and supplies. We record financing income over the lease term using the effective interest method. Financing revenue also includes amounts related to sales-type leases that customers have extended or renewed for an additional term. Revenue for these contracts is recognized over the term of the modified lease using the effective interest method. We believe that our sales-type lease portfolio contains only normal collection risk. Equipment residual values are determined at the inception of the lease using estimates of fair value at the end of the lease term. Fair value estimates are based primarily on historical experience. We also consider forecasted supply and demand for products, product retirement and launch plans, client behavior, regulatory changes, remanufacturing strategies, used equipment markets, competition and technological changes. We evaluate residual values on an annual basis or sooner if circumstances warrant. Declines in estimated residual values considered "other-than-temporary" are recognized immediately. Estimated increases in future residual values are not recognized until the equipment is remarketed. Support services: Support services revenue includes revenue from equipment service contracts, subscriptions and meter services. Revenue is allocated to these services using selling prices charged in standalone replacement and renewal transactions. Since we have a stand-ready obligation to provide these services over the entire contract term, revenue is recognized on a straight-line basis over the term of the agreement. Business services: Business services revenue includes revenue from mail processing services and ecommerce solutions. These services represent a series of distinct services that are similar in nature and revenue is recognized as the services are provided. We review third party relationships and record revenue on a gross basis when we act as a principal in a transaction and on a net basis when we act as an agent between a client and vendor. In determining whether we are acting as principal or agent, we consider several factors such as whether we are the primary obligor to the client, have control over pricing or have inventory risk. On January 1, 2019, we also adopted Accounting Standards Update (ASU) 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities , which shortens the amortization period for certain callable debt securities held at a premium, requiring the premium to be amortized to the earliest call date. The adoption of this standard did not have a material impact on our consolidated financial statements. In July 2019, we prospectively adopted ASU 2018-15, Intangibles - Goodwill and Other-Internal-Use Software. The ASU aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The early adoption of this standard did not have a material impact on our consolidated financial statements. Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses . The ASU sets forth a current expected credit loss model, which requires companies to measure expected credit losses for all financial instruments held at the reporting date based on historical experience, current conditions and reasonably supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. This standard is effective beginning January 1, 2020. We have completed the scoping of financial assets that will be impacted by the standard and are in the process of finalizing models to measure expected credit losses.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables disaggregate our revenue by major source and timing of recognition: Three Months Ended September 30, 2019 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Equipment sales $ — $ — $ 19,062 $ 19,062 $ 70,556 $ 89,618 Supplies — — 44,818 44,818 — 44,818 Rentals — — — — 19,737 19,737 Financing — — — — 90,577 90,577 Support services — — 126,274 126,274 — 126,274 Business services 278,995 131,483 8,623 419,101 — 419,101 Subtotal 278,995 131,483 198,777 609,255 $ 180,870 $ 790,125 Revenue from leasing transactions and financing Equipment sales — — 70,556 70,556 Rentals — — 19,737 19,737 Financing — — 90,577 90,577 Total revenue $ 278,995 $ 131,483 $ 379,647 $ 790,125 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 63,880 $ 63,880 Products/services transferred over time 278,995 131,483 134,897 545,375 Total $ 278,995 $ 131,483 $ 198,777 $ 609,255 Three Months Ended September 30, 2018 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Equipment sales $ — $ — $ 20,428 $ 20,428 $ 68,371 $ 88,799 Supplies — — 50,403 50,403 — 50,403 Rentals — — — — 21,432 21,432 Financing — — — — 96,799 96,799 Support services — — 138,055 138,055 — 138,055 Business services 232,845 125,334 6,614 364,793 — 364,793 Subtotal 232,845 125,334 215,500 573,679 $ 186,602 $ 760,281 Revenue from leasing transactions and financing Equipment sales — — 68,371 68,371 Rentals — — 21,432 21,432 Financing — — 96,799 96,799 Total revenue $ 232,845 $ 125,334 $ 402,102 $ 760,281 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 70,831 $ 70,831 Products/services transferred over time 232,845 125,334 144,669 502,848 Total $ 232,845 $ 125,334 $ 215,500 $ 573,679 Nine Months Ended September 30, 2019 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Equipment sales $ — $ — $ 59,739 $ 59,739 $ 205,217 $ 264,956 Supplies — — 142,261 142,261 — 142,261 Rentals — — — — 60,339 60,339 Financing — — — — 280,039 280,039 Support services — — 382,578 382,578 — 382,578 Business services 827,568 394,468 21,573 1,243,609 — 1,243,609 Subtotal 827,568 394,468 606,151 1,828,187 $ 545,595 $ 2,373,782 Revenue from leasing transactions and financing Equipment sales — — 205,217 205,217 Rentals — — 60,339 60,339 Financing — — 280,039 280,039 Total revenue $ 827,568 $ 394,468 $ 1,151,746 $ 2,373,782 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 202,000 $ 202,000 Products/services transferred over time 827,568 394,468 404,151 1,626,187 Total $ 827,568 $ 394,468 $ 606,151 $ 1,828,187 Nine Months Ended September 30, 2018 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Equipment sales $ — $ — $ 64,482 $ 64,482 $ 224,836 $ 289,318 Supplies — — 165,853 165,853 — 165,853 Rentals — — — — 65,852 65,852 Financing — — — — 294,277 294,277 Support services — — 417,303 417,303 — 417,303 Business services 718,535 382,522 20,448 1,121,505 — 1,121,505 Subtotal 718,535 382,522 668,086 1,769,143 $ 584,965 $ 2,354,108 Revenue from leasing transactions and financing Equipment sales — — 224,836 224,836 Rentals — — 65,852 65,852 Financing — — 294,277 294,277 Total revenue $ 718,535 $ 382,522 $ 1,253,051 $ 2,354,108 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 230,335 $ 230,335 Products/services transferred over time 718,535 382,522 437,751 1,538,808 Total $ 718,535 $ 382,522 $ 668,086 $ 1,769,143
Contract Assets and Advance Billings	Advance Billings from Contracts with Customers Balance sheet location September 30, 2019 December 31, 2018 Increase (decrease) Advance billings, current Advance billings $ 97,666 $ 111,829 $ (14,163 ) Advance billings, noncurrent Other noncurrent liabilities $ 1,413 $ 1,985 $ (572 )
Future Performance Obligations	The transaction prices allocated to future performance obligations will be recognized as follows: Remainder of 2019 2020 2021-2024 Total SendTech Solutions $ 77,171 $ 272,621 $ 421,746 $ 771,538

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated Statements	Revenue and EBIT by business segment is presented below: Revenue Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Global Ecommerce $ 278,995 $ 232,845 $ 827,568 $ 718,535 Presort Services 131,483 125,334 394,468 382,522 Commerce Services 410,478 358,179 1,222,036 1,101,057 SendTech Solutions 379,647 402,102 1,151,746 1,253,051 Total revenue $ 790,125 $ 760,281 $ 2,373,782 $ 2,354,108 EBIT Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Global Ecommerce $ (21,793 ) $ (14,330 ) $ (51,969 ) $ (28,034 ) Presort Services 17,687 17,435 48,215 57,026 Commerce Services (4,106 ) 3,105 (3,754 ) 28,992 SendTech Solutions 130,954 134,607 378,095 412,427 Total segment EBIT 126,848 137,712 374,341 441,419 Reconciliation of Segment EBIT to net income: Unallocated corporate expenses (58,277 ) (40,988 ) (160,283 ) (141,321 ) Restructuring charges and asset impairments, net (47,017 ) (6,099 ) (56,616 ) (18,771 ) Interest, net (39,730 ) (37,437 ) (117,758 ) (122,484 ) Other expense (667 ) (7,964 ) (18,350 ) (7,964 ) Transaction costs (707 ) (36 ) (2,573 ) (1,091 ) Benefit (provision) for income taxes 24,895 2,468 13,351 (17,235 ) Income from continuing operations 5,345 47,656 32,112 132,553 (Loss) income from discontinued operations, net of tax (8,470 ) 32,621 (14,199 ) 59,289 Net (loss) income $ (3,125 ) $ 80,277 $ 17,913 $ 191,842
Reconciliation of EBIT from Segments to Consolidated	EBIT Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Global Ecommerce $ (21,793 ) $ (14,330 ) $ (51,969 ) $ (28,034 ) Presort Services 17,687 17,435 48,215 57,026 Commerce Services (4,106 ) 3,105 (3,754 ) 28,992 SendTech Solutions 130,954 134,607 378,095 412,427 Total segment EBIT 126,848 137,712 374,341 441,419 Reconciliation of Segment EBIT to net income: Unallocated corporate expenses (58,277 ) (40,988 ) (160,283 ) (141,321 ) Restructuring charges and asset impairments, net (47,017 ) (6,099 ) (56,616 ) (18,771 ) Interest, net (39,730 ) (37,437 ) (117,758 ) (122,484 ) Other expense (667 ) (7,964 ) (18,350 ) (7,964 ) Transaction costs (707 ) (36 ) (2,573 ) (1,091 ) Benefit (provision) for income taxes 24,895 2,468 13,351 (17,235 ) Income from continuing operations 5,345 47,656 32,112 132,553 (Loss) income from discontinued operations, net of tax (8,470 ) 32,621 (14,199 ) 59,289 Net (loss) income $ (3,125 ) $ 80,277 $ 17,913 $ 191,842

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Financial information and Assets and Liabilities	Selected financial information of discontinued operations is as follows: Three Months Ended September 30, 2019 Three Months Ended September 30, 2018 Software Solutions Production Mail Total Software Solutions Production Mail Total Revenue $ 73,620 $ — $ 73,620 $ 75,743 $ 19,557 $ 95,300 Earnings (loss) from discontinued operations $ 8,633 $ — $ 8,633 $ 4,533 $ (1,316 ) $ 3,217 (Loss) gain on sale (including transaction costs) (12,447 ) (5,710 ) (18,157 ) — 86,640 86,640 (Loss) income from discontinued operations before taxes $ (3,814 ) $ (5,710 ) (9,524 ) $ 4,533 $ 85,324 89,857 Tax (benefit) provision (1,054 ) 57,236 (Loss) income from discontinued operations, net of tax $ (8,470 ) $ 32,621 Nine Months Ended September 30, 2019 Nine Months Ended September 30, 2018 Software Solutions Production Mail Total Software Solutions Production Mail Total Revenue $ 219,144 $ — $ 219,144 $ 243,738 $ 211,000 $ 454,738 Earnings (loss) from discontinued operations $ 13,334 $ (663 ) $ 12,671 $ 28,497 $ 20,304 $ 48,801 (Loss) gain on sale (including transaction costs) (14,211 ) (14,967 ) (29,178 ) — 77,863 77,863 (Loss) income from discontinued operations before taxes $ (877 ) $ (15,630 ) (16,507 ) $ 28,497 $ 98,167 126,664 Tax (benefit) provision (2,308 ) 67,375 (Loss) income from discontinued operations, net of tax $ (14,199 ) $ 59,289 The major categories of assets and liabilities included in assets of discontinued operations and liabilities of discontinued operations are as follows: September 30, 2019 December 31, 2018 Cash and cash equivalents $ — $ 1,965 Accounts and other receivables, net 55,077 85,399 Inventories — 855 Other current assets and prepayments 29,801 26,121 Property, plant and equipment, net 11,495 12,140 Rental property and equipment, net — 179 Goodwill 430,995 434,160 Intangible assets 10,379 13,937 Operating lease asset 3,587 4,234 Other assets 27,079 23,833 Assets of discontinued operations $ 568,413 $ 602,823 Accounts payable and accrued liabilities $ 38,163 $ 42,896 Current operating lease liabilities 1,441 2,000 Advance billings 98,699 113,110 Other current liabilities — 2,021 Noncurrent operating lease liabilities 1,823 1,943 Other noncurrent liabilities 16,908 12,828 Liabilities of discontinued operations $ 157,034 $ 174,798

Earnings per Share (EPS) (Table

Earnings per Share (EPS) (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of Calculation of Numerator and Denominator in Earnings Per Share	Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Numerator: Income from continuing operations $ 5,345 $ 47,656 $ 32,112 $ 132,553 (Loss) income from discontinued operations, net of tax (8,470 ) 32,621 (14,199 ) 59,289 Net (loss) income (numerator for diluted EPS) (3,125 ) 80,277 17,913 191,842 Less: Preference stock dividend — 8 8 24 (Loss) income attributable to common stockholders (numerator for basic EPS) $ (3,125 ) $ 80,269 $ 17,905 $ 191,818 Denominator: Weighted-average shares used in basic EPS 170,326 187,470 178,048 187,167 Dilutive effect of common stock equivalents 875 945 1,048 1,023 Weighted-average shares used in diluted EPS 171,201 188,415 179,096 188,190 Basic earnings (loss) per share (1) : Continuing operations $ 0.03 $ 0.25 $ 0.18 $ 0.71 Discontinued operations (0.05 ) 0.17 (0.08 ) 0.32 Net (loss) income $ (0.02 ) $ 0.43 $ 0.10 $ 1.02 Diluted earnings (loss) per share (1) : Continuing operations $ 0.03 $ 0.25 $ 0.18 $ 0.70 Discontinued operations (0.05 ) 0.17 (0.08 ) 0.32 Net (loss) income $ (0.02 ) $ 0.43 $ 0.10 $ 1.02 Anti-dilutive options excluded from diluted earnings per share: 16,182 12,195 16,166 12,097 (1) The sum of the earnings per share amounts may not equal the totals due to rounding.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventory Components	Inventories at September 30, 2019 and December 31, 2018 consisted of the following: September 30, December 31, Raw materials $ 18,683 $ 8,229 Supplies and service parts 24,283 21,841 Finished products 37,856 36,692 Inventory at FIFO cost 80,822 66,762 Excess of FIFO cost over LIFO cost (4,483 ) (4,483 ) Total inventory, net $ 76,339 $ 62,279

Finance Assets and Lessor Ope_2

Finance Assets and Lessor Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Financing Receivables	Finance receivables at September 30, 2019 and December 31, 2018 consisted of the following: September 30, 2019 December 31, 2018 North America International Total North America International Total Sales-type lease receivables Gross finance receivables $ 1,064,996 $ 215,110 $ 1,280,106 $ 1,110,898 $ 242,036 $ 1,352,934 Unguaranteed residual values 43,621 11,264 54,885 52,637 12,772 65,409 Unearned income (331,085 ) (63,121 ) (394,206 ) (383,453 ) (55,113 ) (438,566 ) Allowance for credit losses (11,172 ) (2,217 ) (13,389 ) (10,252 ) (2,356 ) (12,608 ) Net investment in sales-type lease receivables 766,360 161,036 927,396 769,830 197,339 967,169 Loan receivables Loan receivables 285,163 28,100 313,263 300,319 29,270 329,589 Allowance for credit losses (6,016 ) (719 ) (6,735 ) (6,777 ) (837 ) (7,614 ) Net investment in loan receivables 279,147 27,381 306,528 293,542 28,433 321,975 Net investment in finance receivables $ 1,045,507 $ 188,417 $ 1,233,924 $ 1,063,372 $ 225,772 $ 1,289,144
Sales-type Lease Maturity	Maturities of gross loan receivables and gross sales-type lease receivables at September 30, 2019 were as follows: Sales-type Lease Receivables Loan Receivables North America International Total North America International Total Remaining for year ending December 31, 2019 $ 132,964 $ 25,592 $ 158,556 $ 245,197 $ 28,100 $ 273,297 Year ending December 31, 2020 383,029 74,364 457,393 12,927 — 12,927 Year ending December 31, 2021 276,009 55,152 331,161 10,463 — 10,463 Year ending December 31, 2022 171,049 35,937 206,986 8,990 — 8,990 Year ending December 31, 2023 83,306 18,521 101,827 3,782 — 3,782 Thereafter 18,639 5,544 24,183 3,804 — 3,804 Total $ 1,064,996 $ 215,110 $ 1,280,106 $ 285,163 $ 28,100 $ 313,263
Loan Receivable Maturity	Maturities of gross loan receivables and gross sales-type lease receivables at September 30, 2019 were as follows: Sales-type Lease Receivables Loan Receivables North America International Total North America International Total Remaining for year ending December 31, 2019 $ 132,964 $ 25,592 $ 158,556 $ 245,197 $ 28,100 $ 273,297 Year ending December 31, 2020 383,029 74,364 457,393 12,927 — 12,927 Year ending December 31, 2021 276,009 55,152 331,161 10,463 — 10,463 Year ending December 31, 2022 171,049 35,937 206,986 8,990 — 8,990 Year ending December 31, 2023 83,306 18,521 101,827 3,782 — 3,782 Thereafter 18,639 5,544 24,183 3,804 — 3,804 Total $ 1,064,996 $ 215,110 $ 1,280,106 $ 285,163 $ 28,100 $ 313,263
Allowance for Credit Losses on Financing Receivables	Activity in the allowance for credit losses for the nine months ended September 30, 2019 and 2018 was as follows: Sales-type Lease Receivables Loan Receivables North America International North America International Total Balance at January 1, 2019 $ 10,252 $ 2,356 $ 6,777 $ 837 $ 20,222 Amounts charged to expense 4,587 801 3,547 440 9,375 Write-offs and other (3,667 ) (940 ) (4,308 ) (558 ) (9,473 ) Balance at September 30, 2019 $ 11,172 $ 2,217 $ 6,016 $ 719 $ 20,124 Sales-type Lease Receivables Loan Receivables North America International North America International Total Balance at January 1, 2018 $ 7,721 $ 2,794 $ 7,098 $ 1,020 $ 18,633 Amounts charged to expense 7,037 829 4,896 331 13,093 Write-offs and other (3,979 ) (1,359 ) (5,282 ) (466 ) (11,086 ) Balance at September 30, 2018 $ 10,779 $ 2,264 $ 6,712 $ 885 $ 20,640
Past Due Financing Receivables	The aging of gross finance receivables at September 30, 2019 and December 31, 2018 was as follows: September 30, 2019 Sales-type Lease Receivables Loan Receivables North America International North America International Total 1 - 90 days $ 1,032,400 $ 211,442 $ 280,114 $ 27,722 $ 1,551,678 > 90 days 32,596 3,668 5,049 378 41,691 Total $ 1,064,996 $ 215,110 $ 285,163 $ 28,100 $ 1,593,369 Past due amounts > 90 days Still accruing interest $ 4,751 $ 1,074 $ 1,797 $ 53 $ 7,675 Not accruing interest 27,845 2,594 3,252 325 34,016 Total $ 32,596 $ 3,668 $ 5,049 $ 378 $ 41,691 December 31, 2018 Sales-type Lease Receivables Loan Receivables North America International North America International Total 1 - 90 days $ 1,069,290 $ 238,114 $ 294,126 $ 29,079 $ 1,630,609 > 90 days 41,608 3,922 6,193 191 51,914 Total $ 1,110,898 $ 242,036 $ 300,319 $ 29,270 $ 1,682,523 Past due amounts > 90 days Still accruing interest $ 7,917 $ 1,111 $ 1,769 $ 72 $ 10,869 Not accruing interest 33,691 2,811 4,424 119 41,045 Total $ 41,608 $ 3,922 $ 6,193 $ 191 $ 51,914
Financing Receivable Credit Quality Indicators	September 30, December 31, Sales-type lease receivables Low $ 853,156 $ 922,414 Medium 160,969 131,650 High 22,315 22,110 Not Scored 28,556 34,724 Total $ 1,064,996 $ 1,110,898 Loan receivables Low $ 215,319 $ 238,620 Medium 53,176 43,952 High 5,379 5,947 Not Scored 11,289 11,800 Total $ 285,163 $ 300,319
Sales-type Lease, Lease Income	Lease income from sales-type leases for the three and nine months ended September 30, 2019 and 2018 was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Profit recognized at commencement (1) $ 38,086 $ 38,204 $ 108,743 $ 125,133 Interest income 56,522 60,653 174,045 183,340 Total lease income from sales-type leases $ 94,608 $ 98,857 $ 282,788 $ 308,473 (1) Lease contracts do not include variable lease payments.
Lessor, Payments to be Received	We also lease mailing equipment under operating leases with terms of one to five years. Maturities of these operating leases are as follows: Remaining for year ending December 31, 2019 $ 9,092 Year ending December 31, 2020 30,986 Year ending December 31, 2021 15,600 Year ending December 31, 2022 6,886 Year ending December 31, 2023 3,154 Thereafter 412 Total $ 66,130

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible assets at September 30, 2019 and December 31, 2018 consisted of the following: September 30, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 347,515 $ (164,336 ) $ 183,179 $ 338,320 $ (149,539 ) $ 188,781 Software & technology 52,309 (38,517 ) 13,792 54,297 (35,325 ) 18,972 Trademarks & other 21,365 (18,621 ) 2,744 22,305 (16,858 ) 5,447 Total intangible assets $ 421,189 $ (221,474 ) $ 199,715 $ 414,922 $ (201,722 ) $ 213,200
Amortization Expense In Future Periods	Future amortization expense as of September 30, 2019 is shown in the table below. Actual amortization expense may differ due to, among other things, fluctuations in foreign currency exchange rates, impairments, acquisitions and accelerated amortization. Remaining for year ending December 31, 2019 $ 9,171 Year ending December 31, 2020 33,368 Year ending December 31, 2021 29,972 Year ending December 31, 2022 29,026 Year ending December 31, 2023 26,188 Thereafter 71,990 Total $ 199,715
Schedule of Goodwill	Changes in the carrying value of goodwill, by reporting segment, for the nine months ended September 30, 2019 are shown in the table below. December 31, 2018 Acquisition/(divestiture) Currency impact September 30, Global Ecommerce $ 609,431 $ — $ — $ 609,431 Presort Services 207,465 5,064 — 212,529 Commerce Services 816,896 5,064 — 821,960 SendTech Solutions 515,455 (10,490 ) (9,888 ) 495,077 Total goodwill $ 1,332,351 $ (5,426 ) $ (9,888 ) $ 1,317,037

Fair Value Measurements and D_2

Fair Value Measurements and Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables show, by level within the fair value hierarchy, our financial assets and liabilities that are accounted for at fair value on a recurring basis at September 30, 2019 and December 31, 2018 . September 30, 2019 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds / certificates of deposit $ 157,114 $ 260,383 $ — $ 417,497 Equity securities — 21,814 — 21,814 Commingled fixed income securities 1,655 20,819 — 22,474 Government and related securities 71,908 18,079 — 89,987 Corporate debt securities — 73,332 — 73,332 Mortgage-backed / asset-backed securities — 74,718 — 74,718 Derivatives Foreign exchange contracts — 729 — 729 Total assets $ 230,677 $ 469,874 $ — $ 700,551 Liabilities: Derivatives Foreign exchange contracts $ — $ (5,454 ) $ — $ (5,454 ) Total liabilities $ — $ (5,454 ) $ — $ (5,454 ) December 31, 2018 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds / certificates of deposit $ 220,756 $ 391,891 $ — $ 612,647 Equity securities — 19,133 — 19,133 Commingled fixed income securities 1,570 20,141 — 21,711 Government and related securities 98,790 9,787 — 108,577 Corporate debt securities — 56,938 — 56,938 Mortgage-backed / asset-backed securities — 98,334 — 98,334 Derivatives Foreign exchange contracts — 2,031 — 2,031 Total assets $ 321,116 $ 598,255 $ — $ 919,371 Liabilities: Derivatives Foreign exchange contracts $ — $ (735 ) $ — $ (735 ) Total liabilities $ — $ (735 ) $ — $ (735 )
Schedule of Available-for-sale Securities Reconciliation	Available-for-sale securities at September 30, 2019 and December 31, 2018 consisted of the following: September 30, 2019 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 88,050 $ 1,946 $ (47 ) $ 89,949 Corporate debt securities 71,763 1,907 (338 ) 73,332 Commingled fixed income securities 1,666 — (11 ) 1,655 Mortgage-backed / asset-backed securities 73,777 1,269 (328 ) 74,718 Total $ 235,256 $ 5,122 $ (724 ) $ 239,654 December 31, 2018 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 109,776 $ 47 $ (1,336 ) $ 108,487 Corporate debt securities 58,714 4 (1,780 ) 56,938 Commingled fixed income securities 1,637 — (67 ) 1,570 Mortgage-backed / asset-backed securities 100,186 167 (2,019 ) 98,334 Total $ 270,313 $ 218 $ (5,202 ) $ 265,329
Schedule of Unrealized Holding Losses	The aggregate unrealized holding losses of investment securities in a loss position at September 30, 2019 and December 31, 2018 were as follows: September 30, 2019 December 31, 2018 Fair Value Gross unrealized losses Fair Value Gross unrealized losses Less than 12 continuous months $ 35,784 $ 360 $ 48,318 $ 847 Greater than 12 continuous months 28,235 364 177,331 4,355 Total $ 64,019 $ 724 $ 225,649 $ 5,202
Available-for-sale Securities	Scheduled maturities of available-for-sale securities at September 30, 2019 were as follows: Amortized cost Estimated fair value Within 1 year $ 39,047 $ 39,133 After 1 year through 5 years 58,494 59,246 After 5 years through 10 years 69,077 70,267 After 10 years 68,638 71,008 Total $ 235,256 $ 239,654
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The fair value of derivative instruments at September 30, 2019 and December 31, 2018 was as follows: Designation of Derivatives Balance Sheet Location September 30, December 31, Derivatives designated as hedging instruments Foreign exchange contracts Other current assets and prepayments $ 113 $ 61 Accounts payable and accrued liabilities (52 ) (104 ) Derivatives not designated as hedging instruments Foreign exchange contracts Other current assets and prepayments 616 1,970 Accounts payable and accrued liabilities (5,402 ) (631 ) Total derivative assets $ 729 $ 2,031 Total derivative liabilities (5,454 ) (735 ) Total net derivative (liability) asset $ (4,725 ) $ 1,296
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The following represents the results of cash flow hedging relationships for the three and nine months ended September 30, 2019 and 2018 : Three Months Ended September 30, Derivative Gain (Loss) Recognized in AOCI (Effective Portion) Location of Gain (Loss) (Effective Portion) Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion) Derivative Instrument 2019 2018 2019 2018 Foreign exchange contracts $ 156 $ (42 ) Revenue $ (98 ) $ (38 ) Cost of sales 54 52 Interest rate swap — (824 ) Interest Expense — — $ 156 $ (866 ) $ (44 ) $ 14 Nine Months Ended September 30, Derivative Gain (Loss) Recognized in AOCI (Effective Portion) Location of Gain (Loss) (Effective Portion) Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion) Derivative Instrument 2019 2018 2019 2018 Foreign exchange contracts $ 181 $ 111 Revenue $ (23 ) $ 38 Cost of sales 99 (33 ) Interest rate swap — (1,776 ) Interest Expense — — $ 181 $ (1,665 ) $ 76 $ 5
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The table below represents the mark-to-market adjustments of non-designated derivative instruments for the three and nine months ended September 30, 2019 and 2018 . All outstanding contracts at September 30, 2019 mature within 12 months. Three Months Ended September 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2019 2018 Foreign exchange contracts Selling, general and administrative expense $ (11,385 ) $ (1,948 ) Nine Months Ended September 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2019 2018 Foreign exchange contracts Selling, general and administrative expense $ (6,181 ) $ (20,344 )
Fair Value, by Balance Sheet Grouping	The carrying value and estimated fair value of our debt at September 30, 2019 and December 31, 2018 were as follows: September 30, 2019 December 31, 2018 Carrying value $ 3,069,091 $ 3,265,608 Fair value $ 2,953,853 $ 3,003,678

Restructuring Charges and Ass_2

Restructuring Charges and Asset Impairments (Tables)	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	Activity in our restructuring reserves for the nine months ended September 30, 2019 and 2018 was as follows: Severance and benefits costs Other exit costs Total Balance at January 1, 2019 $ 13,641 $ 1,808 $ 15,449 Expenses, net 12,498 845 13,343 Cash payments (16,362 ) (2,483 ) (18,845 ) Balance at September 30, 2019 $ 9,777 $ 170 $ 9,947 Balance at January 1, 2018 $ 42,151 $ 1,569 $ 43,720 Expenses, net 13,637 5,134 18,771 Cash payments (37,492 ) (1,750 ) (39,242 ) Balance at September 30, 2018 $ 18,296 $ 4,953 $ 23,249

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Debt	Total debt at September 30, 2019 and December 31, 2018 consisted of the following: Interest rate September 30, 2019 December 31, 2018 Notes due September 2020 4.125% $ 300,000 $ 300,000 Notes due October 2021 3.875% 600,000 600,000 Notes due May 2022 4.625% 400,000 400,000 Notes due April 2023 4.95% 400,000 400,000 Notes due March 2024 4.625% 500,000 500,000 Notes due January 2037 5.25% 35,841 35,841 Notes due March 2043 6.7% 425,000 425,000 Term loans Variable 427,500 630,000 Other debt 5,158 5,297 Principal amount 3,093,499 3,296,138 Less: unamortized costs, net 24,408 30,530 Total debt 3,069,091 3,265,608 Less: current portion long-term debt 501,728 199,535 Long-term debt $ 2,567,363 $ 3,066,073

Pensions and Other Benefit Pr_2

Pensions and Other Benefit Programs (Tables)	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	The components of net periodic benefit (income) cost were as follows: Defined Benefit Pension Plans Nonpension Postretirement Benefit Plans United States Foreign Three Months Ended Three Months Ended Three Months Ended September 30, September 30, September 30, 2019 2018 2019 2018 2019 2018 Service cost $ 20 $ 23 $ 385 $ 567 $ 242 $ 298 Interest cost 15,792 15,363 4,435 4,434 1,646 1,676 Expected return on plan assets (23,182 ) (25,281 ) (8,340 ) (8,730 ) — — Amortization of transition credit — — (2 ) (2 ) — — Amortization of prior service (credit) cost (15 ) (15 ) 58 (18 ) 80 112 Amortization of net actuarial loss 6,537 7,851 1,543 1,807 507 338 Settlement 1,477 796 — — — 339 Net periodic benefit cost (income) $ 629 $ (1,263 ) $ (1,921 ) $ (1,942 ) $ 2,475 $ 2,763 Contributions to benefit plans $ 3,350 $ 2,479 $ 652 $ 661 $ 4,628 $ 4,442 Defined Benefit Pension Plans Nonpension Postretirement Benefit Plans United States Foreign Nine Months Ended Nine Months Ended Nine Months Ended September 30, September 30, September 30, 2019 2018 2019 2018 2019 2018 Service cost $ 62 $ 69 $ 1,157 $ 1,731 $ 725 $ 1,109 Interest cost 47,378 46,087 13,231 13,721 4,937 4,888 Expected return on plan assets (69,545 ) (75,815 ) (25,609 ) (27,045 ) — — Amortization of transition credit — — (5 ) (5 ) — — Amortization of prior service (credit) cost (45 ) (45 ) 181 (54 ) 241 287 Amortization of net actuarial loss 19,610 23,555 4,727 5,590 1,521 2,153 Settlement (1) 2,278 796 397 — — 339 Net periodic benefit (income) cost $ (262 ) $ (5,353 ) $ (5,921 ) $ (6,062 ) $ 7,424 $ 8,776 Contributions to benefit plans $ 7,401 $ 5,674 $ 9,740 $ 10,640 $ 13,841 $ 13,552 (1) Approximately $1.4 million and $1.0 million of total settlement charges were recorded in restructuring charges and discontinued operations, respectively, for the nine months ended September 30, 2019 .

Leased Assets and Liabilities (

Leased Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of operating and finance lease assets and liabilities	Leases Balance Sheet Location September 30, 2019 December 31, 2018 Assets Operating Operating lease assets $ 172,617 $ 152,554 Finance Property, plant and equipment, net 11,250 10,683 Total leased assets $ 183,867 $ 163,237 Liabilities Operating Current operating lease liabilities $ 34,091 $ 35,208 Noncurrent operating lease liabilities 148,125 125,294 Finance Accounts payable and accrued liabilities 2,773 2,708 Other noncurrent liabilities 7,589 7,054 Total lease liabilities $ 192,578 $ 170,264
Schedule of components of lease expense	Three Months Ended September 30, Nine Months Ended September 30, Lease Cost 2019 2018 2019 2018 Operating lease expense $ 12,347 $ 12,395 $ 34,750 $ 33,835 Finance lease expense Amortization of leased assets 838 692 2,529 1,934 Interest on lease liabilities 172 135 520 378 Variable lease expense 4,969 4,272 18,821 16,486 Sublease income (381 ) (680 ) (1,726 ) (1,132 ) Total expense $ 17,945 $ 16,814 $ 54,894 $ 51,501
Schedule of future payments of finance lease liabilities	Future Lease Payments Operating Leases Finance Leases Total Remaining for year ending December 31, 2019 $ 11,233 $ 907 $ 12,140 Year ending December 31, 2020 42,292 3,242 45,534 Year ending December 31, 2021 35,970 2,850 38,820 Year ending December 31, 2022 27,799 2,278 30,077 Year ending December 31, 2023 21,392 1,626 23,018 Thereafter 88,779 983 89,762 Total 227,465 11,886 239,351 Less: present value discount 45,249 1,524 46,773 Lease liability $ 182,216 $ 10,362 $ 192,578
Schedule of future payments of operating lease liabilities	Future Lease Payments Operating Leases Finance Leases Total Remaining for year ending December 31, 2019 $ 11,233 $ 907 $ 12,140 Year ending December 31, 2020 42,292 3,242 45,534 Year ending December 31, 2021 35,970 2,850 38,820 Year ending December 31, 2022 27,799 2,278 30,077 Year ending December 31, 2023 21,392 1,626 23,018 Thereafter 88,779 983 89,762 Total 227,465 11,886 239,351 Less: present value discount 45,249 1,524 46,773 Lease liability $ 182,216 $ 10,362 $ 192,578
Schedule of weighted-average remaining lease terms and weighted-average discount rates	Lease Term and Discount Rate September 30, 2019 December 31, 2018 Weighted-average remaining lease term Operating leases 7.5 years 7.2 years Finance leases 4.0 years 4.1 years Weighted-average discount rate Operating leases 5.9% 4.5% Finance leases 6.7% 6.2%
Schedule of supplemental cash flow information	Three Months Ended September 30, Nine Months Ended September 30, Cash Flow Information 2019 2018 2019 2018 Operating cash outflows - operating leases $ 10,440 $ 12,319 $ 32,041 $ 33,075 Operating cash outflows - finance leases $ 172 $ 135 $ 520 $ 378 Financing cash outflows - finance leases $ 758 $ 630 $ 2,278 $ 1,786 Leased assets obtained in exchange for new lease obligations Operating leases $ 3,123 $ 26,134 $ 51,504 $ 33,128 Finance leases $ 1,124 $ 2,983 $ 3,227 $ 4,143

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity	Changes in stockholders’ equity for the three months ended September 30, 2019 and 2018 were as follows: Preferred stock Preference stock Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at July 1, 2019 $ — $ — $ 323,338 $ 105,341 $ 5,282,374 $ (907,678 ) $ (4,750,403 ) $ 52,972 Net loss — — — — (3,125 ) — — (3,125 ) Other comprehensive loss — — — — — (18,774 ) — (18,774 ) Dividends paid ($0.05 per common share) — — — — (8,508 ) — — (8,508 ) Issuance of common stock — — — (10,146 ) — — 11,291 1,145 Conversion to common stock — — — (246 ) — — 246 — Stock-based compensation expense — — — 6,702 — — — 6,702 Repurchase of common stock — — — — — — (5,000 ) (5,000 ) Balance at September 30, 2019 $ — $ — $ 323,338 $ 101,651 $ 5,270,741 $ (926,452 ) $ (4,743,866 ) $ 25,412 Preferred stock Preference stock Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at July 1, 2018 $ 1 $ 415 $ 323,338 $ 122,732 $ 5,103,588 $ (811,804 ) $ (4,689,309 ) $ 48,961 Net income — — — — 80,277 — — 80,277 Other comprehensive income — — — — — 5,639 — 5,639 Dividends paid ($0.1875 per common share) — — — — (35,183 ) — — (35,183 ) Issuance of common stock — — — (11,190 ) — — 12,909 1,719 Conversion to common stock — (12 ) — (242 ) — — 254 — Stock-based compensation expense — — — 6,618 — — — 6,618 Balance at September 30, 2018 $ 1 $ 403 $ 323,338 $ 117,918 $ 5,148,682 $ (806,165 ) $ (4,676,146 ) $ 108,031 Changes in stockholders’ equity for the nine months ended September 30, 2019 and 2018 were as follows: Preferred stock Preference stock Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at January 1, 2019 $ 1 $ 396 $ 323,338 $ 121,475 $ 5,279,682 $ (948,961 ) $ (4,674,089 ) $ 101,842 Net income — — — — 17,913 — — 17,913 Other comprehensive income — — — — — 22,509 — 22,509 Dividends paid ($0.15 per common share) — — — — (26,854 ) — — (26,854 ) Issuance of common stock — — — (32,877 ) — — 32,289 (588 ) Conversion to common stock — (130 ) — (2,804 ) — — 2,934 — Redemption of preferred/preference stock (1 ) (266 ) — (10 ) — — — (277 ) Stock-based compensation expense — — — 15,867 — — — 15,867 Repurchase of common stock — — — — — — (105,000 ) (105,000 ) Balance at September 30, 2019 $ — $ — $ 323,338 $ 101,651 $ 5,270,741 $ (926,452 ) $ (4,743,866 ) $ 25,412 Preferred stock Preference stock Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at January 1, 2018 $ 1 $ 441 $ 323,338 $ 138,367 $ 5,074,343 $ (794,940 ) $ (4,710,997 ) $ 30,553 Cumulative effect of accounting change — — — — (12,207 ) — — (12,207 ) Net income — — — — 191,842 — — 191,842 Other comprehensive loss — — — — — (11,225 ) — (11,225 ) Dividends paid ($0.5625 per common share) — — — — (105,296 ) — — (105,296 ) Issuance of common stock — — — (35,457 ) — — 34,050 (1,407 ) Conversion to common stock — (38 ) — (763 ) — — 801 — Stock-based compensation expense — — — 15,771 — — — 15,771 Balance at September 30, 2018 $ 1 $ 403 $ 323,338 $ 117,918 $ 5,148,682 $ (806,165 ) $ (4,676,146 ) $ 108,031

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications out of AOCI for the three and nine months ended September 30, 2019 and 2018 were as follows: Amount Reclassified from AOCI (1) Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Losses) gains on cash flow hedges Revenue $ (98 ) $ (38 ) $ (23 ) $ 38 Cost of sales 54 52 99 (33 ) Interest expense, net — (825 ) — (1,839 ) Total before tax (44 ) (811 ) 76 (1,834 ) Income tax benefit (provision) 11 206 (19 ) 468 Net of tax $ (33 ) $ (605 ) $ 57 $ (1,366 ) Gains (losses) on available for sale securities Interest expense, net $ 146 $ (40 ) $ 42 $ 150 Income tax (provision) benefit (37 ) 10 (11 ) (38 ) Net of tax $ 109 $ (30 ) $ 31 $ 112 Pension and Postretirement Benefit Plans (2) Transition credit $ 2 $ 2 $ 5 $ 5 Prior service costs (123 ) (79 ) (377 ) (188 ) Actuarial losses (8,587 ) (9,996 ) (25,858 ) (31,298 ) Settlements (1,477 ) (1,135 ) (2,675 ) (1,135 ) Total before tax (10,185 ) (11,208 ) (28,905 ) (32,616 ) Income tax benefit 2,633 2,399 7,406 7,766 Net of tax $ (7,552 ) $ (8,809 ) $ (21,499 ) $ (24,850 ) (1) Amounts in parentheses indicate reductions to income and increases to other comprehensive income. (2) Reclassified from AOCI into other components of net pension and postretirement cost (see Note 12 for additional details).
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in AOCI for the nine months ended September 30, 2019 and 2018 were as follows: Cash flow hedges Available for sale securities Pension and postretirement benefit plans Foreign currency adjustments Total Balance at January 1, 2019 $ 191 $ (3,061 ) $ (846,461 ) $ (99,630 ) $ (948,961 ) Other comprehensive income (loss) before reclassifications (1) 135 7,547 — (6,584 ) 1,098 Reclassifications into earnings (1), (2) (57 ) (31 ) 21,499 — 21,411 Net other comprehensive income (loss) 78 7,516 21,499 (6,584 ) 22,509 Balance at September 30, 2019 $ 269 $ 4,455 $ (824,962 ) $ (106,214 ) $ (926,452 ) Cash flow hedges Available for sale securities Pension and postretirement benefit plans Foreign currency adjustments Total Balance at January 1, 2018 $ (406 ) $ 1,597 $ (748,800 ) $ (47,331 ) $ (794,940 ) Other comprehensive loss before reclassifications (1) (593 ) (6,402 ) — (30,334 ) (37,329 ) Reclassifications into earnings (1), (2) 1,366 (112 ) 24,850 — 26,104 Net other comprehensive income (loss) 773 (6,514 ) 24,850 (30,334 ) (11,225 ) Balance at September 30, 2018 $ 367 $ (4,917 ) $ (723,950 ) $ (77,665 ) $ (806,165 ) (1) Amounts are net of tax. Amounts in parentheses indicate debits to AOCI. (2) See table above for additional details of these reclassifications.

Description of Business and B_3

Description of Business and Basis of Presentation (Details) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 31, 2019USD ($)market	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)	Jan. 01, 2017USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other receivables		$ 102,000		$ 102,000		$ 75,000
Decrease to research and development		(12,272)	$ (15,636)	(38,421)	$ (44,651)
Increase to selling, general and administrative		254,092	241,350	757,228	759,469
Decrease in short-term finance receivables		(617,178)		(617,178)		(653,236)
Decrease in advance billings		(106,968)		(106,968)		(116,862)
Increase in long-term finance receivables		616,746		616,746		635,908
Retained earnings		(5,270,741)		(5,270,741)		(5,279,682)
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings							$ 137,000
Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease to research and development			8,000		20,000
Increase to selling, general and administrative			9,000		22,000
Decrease in short-term finance receivables						106,000
Decrease in advance billings						6,000
Increase in long-term finance receivables						$ 100,000
Business services
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) to cost of products and sales		338,519	287,237	1,003,483	872,183
Business services | Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) to cost of products and sales			(4,000)		(10,000)
Equipment sales
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) to cost of products and sales		59,859	52,209	182,094	173,626
Equipment sales | Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) to cost of products and sales			3,000		8,000
Equipment sales | Income Statement Adjustment | Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) to cost of products and sales			(1,000)		(4,000)
Rentals
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) to cost of products and sales		5,090	9,174	23,223	30,386
Rentals | Income Statement Adjustment | Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) to cost of products and sales					(3,000)
Support services
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) to cost of products and sales		41,086	45,872	123,453	134,204
Support services | Income Statement Adjustment | Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase (decrease) to cost of products and sales			2,000		7,000
Disposed of by Sale
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of smaller markets sold | market	6
Loss on sale	$ (18,000)	$ 18,157	$ (86,640)	$ 29,178	$ (77,863)

Revenue (Disaggregates of Reven

Revenue (Disaggregates of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	$ 790,125	$ 760,281	$ 2,373,782	$ 2,354,108
Total consolidated revenue	790,125	760,281	2,373,782	2,354,108
ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	609,255	573,679	1,828,187	1,769,143
Products/services transferred at a point in time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	63,880	70,831	202,000	230,335
Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	545,375	502,848	1,626,187	1,538,808
Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	609,255	573,679	1,828,187	1,769,143
Revenue from leasing transactions and financing	180,870	186,602	545,595	584,965
Total consolidated revenue	790,125	760,281	2,373,782	2,354,108
Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	19,062	20,428	59,739	64,482
Revenue from leasing transactions and financing	70,556	68,371	205,217	224,836
Total consolidated revenue	89,618	88,799	264,956	289,318
Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	44,818	50,403	142,261	165,853
Revenue from leasing transactions and financing	0	0	0	0
Total consolidated revenue	44,818	50,403	142,261	165,853
Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	19,737	21,432	60,339	65,852
Total consolidated revenue	19,737	21,432	60,339	65,852
Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	90,577	96,799	280,039	294,277
Total consolidated revenue	90,577	96,799	280,039	294,277
Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	126,274	138,055	382,578	417,303
Revenue from leasing transactions and financing	0	0	0	0
Total consolidated revenue	126,274	138,055	382,578	417,303
Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	419,101	364,793	1,243,609	1,121,505
Revenue from leasing transactions and financing	0	0	0	0
Total consolidated revenue	419,101	364,793	1,243,609	1,121,505
Global Ecommerce
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	278,995	232,845	827,568	718,535
Global Ecommerce | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	278,995	232,845	827,568	718,535
Global Ecommerce | Products/services transferred at a point in time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Global Ecommerce | Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	278,995	232,845	827,568	718,535
Global Ecommerce | Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	278,995	232,845	827,568	718,535
Global Ecommerce | Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	0	0	0	0
Global Ecommerce | Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Global Ecommerce | Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	0	0	0	0
Global Ecommerce | Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	0	0	0	0
Global Ecommerce | Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Global Ecommerce | Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	278,995	232,845	827,568	718,535
Presort Services
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	131,483	125,334	394,468	382,522
Presort Services | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	131,483	125,334	394,468	382,522
Presort Services | Products/services transferred at a point in time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Presort Services | Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	131,483	125,334	394,468	382,522
Presort Services | Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	131,483	125,334	394,468	382,522
Presort Services | Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	0	0	0	0
Presort Services | Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Presort Services | Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	0	0	0	0
Presort Services | Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	0	0	0	0
Presort Services | Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Presort Services | Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	131,483	125,334	394,468	382,522
SendTech Solutions
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	379,647	402,102	1,151,746	1,253,051
SendTech Solutions | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	198,777	215,500	606,151	668,086
SendTech Solutions | Products/services transferred at a point in time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	63,880	70,831	202,000	230,335
SendTech Solutions | Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	134,897	144,669	404,151	437,751
SendTech Solutions | Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	198,777	215,500	606,151	668,086
SendTech Solutions | Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	19,062	20,428	59,739	64,482
Revenue from leasing transactions and financing	70,556	68,371	205,217	224,836
SendTech Solutions | Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	44,818	50,403	142,261	165,853
SendTech Solutions | Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	19,737	21,432	60,339	65,852
SendTech Solutions | Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	90,577	96,799	280,039	294,277
SendTech Solutions | Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	126,274	138,055	382,578	417,303
SendTech Solutions | Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	$ 8,623	$ 6,614	$ 21,573	$ 20,448

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Advanced billings, revenue recognized	$ 114
Expected timing of satisfaction period	12 months	12 months
Support services | Minimum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Period of recognition		1 year
Support services | Maximum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Period of recognition		5 years
Business services | Minimum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Period of recognition		1 year
Business services | Maximum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Period of recognition		5 years

Revenue (Contract Assets and Ad

Revenue (Contract Assets and Advance Billings) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Advance billings, current	$ 97,666	$ 111,829
Advance billings, noncurrent	1,413	$ 1,985
Increase (decrease)
Advance billings, current	(14,163)
Advance billings, noncurrent	$ (572)

Revenue (Future Performance Obl

Revenue (Future Performance Obligations) (Details) $ in Thousands	Sep. 30, 2019USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction period	12 months
SendTech Solutions | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Future performance obligations	$ 77,171
Expected timing of satisfaction period	3 months
SendTech Solutions | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Future performance obligations	$ 272,621
Expected timing of satisfaction period	1 year
SendTech Solutions | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Future performance obligations	$ 771,538
Expected timing of satisfaction period	3 years

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment reporting information profit (loss)
Revenue	$ 790,125	$ 760,281	$ 2,373,782	$ 2,354,108
Reconciliation of Segment EBIT to net income:
Restructuring charges and asset impairments, net	(47,017)	(6,099)	(56,616)	(18,771)
Interest, net	(28,704)	(26,588)	(84,325)	(89,377)
Other expense	(667)	(7,964)	(18,350)	(7,964)
Provision for income taxes	24,895	2,468	13,351	(17,235)
Income from continuing operations	5,345	47,656	32,112	132,553
(Loss) income from discontinued operations, net of tax	(8,470)	32,621	(14,199)	59,289
Net (loss) income	(3,125)	80,277	17,913	191,842
Operating Segments
Segment reporting information profit (loss)
EBIT	126,848	137,712	374,341	441,419
Segment Reconciling Items
Reconciliation of Segment EBIT to net income:
Unallocated corporate expenses	(58,277)	(40,988)	(160,283)	(141,321)
Restructuring charges and asset impairments, net	(47,017)	(6,099)	(56,616)	(18,771)
Interest, net	(39,730)	(37,437)	(117,758)	(122,484)
Other expense	(667)	(7,964)	(18,350)	(7,964)
Transaction costs	(707)	(36)	(2,573)	(1,091)
Commerce Services
Segment reporting information profit (loss)
Revenue from contracts with customers	410,478	358,179	1,222,036	1,101,057
Commerce Services | Operating Segments
Segment reporting information profit (loss)
EBIT	(4,106)	3,105	(3,754)	28,992
Commerce Services | Global Ecommerce
Segment reporting information profit (loss)
Revenue from contracts with customers	278,995	232,845	827,568	718,535
EBIT	(21,793)	(14,330)	(51,969)	(28,034)
Commerce Services | Presort Services
Segment reporting information profit (loss)
Revenue from contracts with customers	131,483	125,334	394,468	382,522
EBIT	17,687	17,435	48,215	57,026
SendTech Solutions
Segment reporting information profit (loss)
Revenue from contracts with customers	379,647	402,102	1,151,746	1,253,051
SendTech Solutions | Operating Segments
Segment reporting information profit (loss)
EBIT	$ 130,954	$ 134,607	$ 378,095	$ 412,427

Discontinued Operations (Financ

Discontinued Operations (Financial Information) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 31, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Aug. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Loss) income from discontinued operations, net of tax		$ (8,470)	$ 32,621	$ (14,199)	$ 59,289
Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue		73,620	95,300	219,144	454,738
Earnings (loss) from discontinued operations		8,633	3,217	12,671	48,801
(Loss) gain on sale (including transaction costs)	$ 18,000	(18,157)	86,640	(29,178)	77,863
(Loss) income from discontinued operations before taxes		(9,524)	89,857	(16,507)	126,664
Tax (benefit) provision		(1,054)	57,236	(2,308)	67,375
(Loss) income from discontinued operations, net of tax		(8,470)	32,621	(14,199)	59,289
Software Solutions | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of business						$ 700,000
Revenue		73,620	75,743	219,144	243,738
Earnings (loss) from discontinued operations		8,633	4,533	13,334	28,497
(Loss) gain on sale (including transaction costs)		(12,447)	0	(14,211)	0
(Loss) income from discontinued operations before taxes		(3,814)	4,533	(877)	28,497
Production Mail | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue		0	19,557	0	211,000
Earnings (loss) from discontinued operations		0	(1,316)	(663)	20,304
(Loss) gain on sale (including transaction costs)		(5,710)	86,640	(14,967)	77,863
(Loss) income from discontinued operations before taxes		$ (5,710)	$ 85,324	$ (15,630)	$ 98,167

Discontinued Operations (Assets

Discontinued Operations (Assets and Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 0		$ 1,026
Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	0	$ 1,965
Accounts and other receivables, net	55,077	85,399
Inventories	0	855
Other current assets and prepayments	29,801	26,121
Rental property and equipment, net	11,495	12,140
Rental property and equipment, net	0	179
Goodwill	430,995	434,160
Intangible assets	10,379	13,937
Operating lease asset	3,587	4,234
Other assets	27,079	23,833
Assets of discontinued operations	568,413	602,823
Accounts payable and accrued liabilities	38,163	42,896
Current operating lease liabilities	1,441	2,000
Advance billings	98,699	113,110
Other current liabilities	0	2,021
Noncurrent operating lease liabilities	1,823	1,943
Other noncurrent liabilities	16,908	12,828
Liabilities of discontinued operations	$ 157,034	$ 174,798

Earnings per Share (EPS) (Detai

Earnings per Share (EPS) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Income from continuing operations		$ 5,345	$ 47,656	$ 32,112	$ 132,553
Numerator:
(Loss) income from discontinued operations, net of tax		(8,470)	32,621	(14,199)	59,289
Net (loss) income		(3,125)	80,277	17,913	191,842
Less: Preference stock dividend		0	8	8	24
(Loss) income attributable to common stockholders (numerator for basic EPS)		$ (3,125)	$ 80,269	$ 17,905	$ 191,818
Denominator:
Weighted-average shares used in basic EPS (in shares)		170,326	187,470	178,048	187,167
Dilutive effect of common stock equivalents (in shares)		875	945	1,048	1,023
Weighted-average shares used in diluted EPS (in shares)		171,201	188,415	179,096	188,190
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	$ 0.03	$ 0.25	$ 0.18	$ 0.71
Discontinued operations (in dollars per share)	[1]	(0.05)	0.17	(0.08)	0.32
Net (loss) income (in dollars per share)	[1]	(0.02)	0.43	0.10	1.02
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	0.03	0.25	0.18	0.70
Discontinued operations (in dollars per share)	[1]	(0.05)	0.17	(0.08)	0.32
Net (loss) income (in dollars per share)	[1]	$ (0.02)	$ 0.43	$ 0.10	$ 1.02
Anti-dilutive options excluded from diluted earnings per share (in shares)		16,182	12,195	16,166	12,097
[1]	The sum of the earnings per share amounts may not equal the totals due to rounding.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 18,683	$ 8,229
Supplies and service parts	24,283	21,841
Finished products	37,856	36,692
Inventory at FIFO cost	80,822	66,762
Excess of FIFO cost over LIFO cost	(4,483)	(4,483)
Total inventory, net	$ 76,339	$ 62,279

Finance Assets and Lessor Ope_3

Finance Assets and Lessor Operating Leases (Finance Receivables) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	$ 313,263
Net investment in receivables	1,233,924	$ 1,289,144
North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	285,163
Net investment in receivables	1,045,507	1,063,372
International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	28,100
Net investment in receivables	188,417	225,772
Sales-type lease receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	1,280,106	1,352,934
Unguaranteed residual values	54,885	65,409
Unearned income	(394,206)	(438,566)
Allowance for credit losses	(13,389)	(12,608)
Net investment in receivables	927,396	967,169
Sales-type lease receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	1,064,996	1,110,898
Unguaranteed residual values	43,621	52,637
Unearned income	(331,085)	(383,453)
Allowance for credit losses	(11,172)	(10,252)
Net investment in receivables	766,360	769,830
Sales-type lease receivables | International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	215,110	242,036
Unguaranteed residual values	11,264	12,772
Unearned income	(63,121)	(55,113)
Allowance for credit losses	(2,217)	(2,356)
Net investment in receivables	161,036	197,339
Loan receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	313,263	329,589
Allowance for credit losses	(6,735)	(7,614)
Net investment in receivables	306,528	321,975
Loan receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	285,163	300,319
Allowance for credit losses	(6,016)	(6,777)
Net investment in receivables	279,147	293,542
Loan receivables | International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	28,100	29,270
Allowance for credit losses	(719)	(837)
Net investment in receivables	$ 27,381	$ 28,433
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Lease period	3 years
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Lease period	5 years

Finance Assets and Lessor Ope_4

Finance Assets and Lessor Operating Leases (Sales-type Lease and Loan Receivables) (Details) $ in Thousands	Sep. 30, 2019USD ($)
Sales-type Lease Receivables
Remaining for year ending December 31, 2019	$ 158,556
Year ending December 31, 2020	457,393
Year ending December 31, 2021	331,161
Year ending December 31, 2022	206,986
Year ending December 31, 2023	101,827
Thereafter	24,183
Total	1,280,106
Loan Receivables
Remaining for year ending December 31, 2019	273,297
Year ending December 31, 2020	12,927
Year ending December 31, 2021	10,463
Year ending December 31, 2022	8,990
Year ending December 31, 2023	3,782
Thereafter	3,804
Total	313,263
North America
Sales-type Lease Receivables
Remaining for year ending December 31, 2019	132,964
Year ending December 31, 2020	383,029
Year ending December 31, 2021	276,009
Year ending December 31, 2022	171,049
Year ending December 31, 2023	83,306
Thereafter	18,639
Total	1,064,996
Loan Receivables
Remaining for year ending December 31, 2019	245,197
Year ending December 31, 2020	12,927
Year ending December 31, 2021	10,463
Year ending December 31, 2022	8,990
Year ending December 31, 2023	3,782
Thereafter	3,804
Total	285,163
International
Sales-type Lease Receivables
Remaining for year ending December 31, 2019	25,592
Year ending December 31, 2020	74,364
Year ending December 31, 2021	55,152
Year ending December 31, 2022	35,937
Year ending December 31, 2023	18,521
Thereafter	5,544
Total	215,110
Loan Receivables
Remaining for year ending December 31, 2019	28,100
Year ending December 31, 2020	0
Year ending December 31, 2021	0
Year ending December 31, 2022	0
Year ending December 31, 2023	0
Thereafter	0
Total	$ 28,100

Finance Assets and Lessor Ope_5

Finance Assets and Lessor Operating Leases (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Financing Receivable, Allowance for Credit Loss [Line Items]
Revenue recognition resume period (less than)	60 days
Allowance for Credit Losses
Balance Beginning	$ 20,222	$ 18,633
Amounts charged to expense	9,375	13,093
Write-offs and other	(9,473)	(11,086)
Balance Closing	$ 20,124	20,640
Sales-type lease receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Revenue recognition discontinuation period (more than)	120 days
Sales-type lease receivables | North America
Allowance for Credit Losses
Balance Beginning	$ 10,252	7,721
Amounts charged to expense	4,587	7,037
Write-offs and other	(3,667)	(3,979)
Balance Closing	11,172	10,779
Sales-type lease receivables | International
Allowance for Credit Losses
Balance Beginning	2,356	2,794
Amounts charged to expense	801	829
Write-offs and other	(940)	(1,359)
Balance Closing	$ 2,217	2,264
Loan receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Revenue recognition discontinuation period (more than)	90 days
Loan receivables | North America
Allowance for Credit Losses
Balance Beginning	$ 6,777	7,098
Amounts charged to expense	3,547	4,896
Write-offs and other	(4,308)	(5,282)
Balance Closing	6,016	6,712
Loan receivables | International
Allowance for Credit Losses
Balance Beginning	837	1,020
Amounts charged to expense	440	331
Write-offs and other	(558)	(466)
Balance Closing	$ 719	$ 885

Finance Assets and Lessor Ope_6

Finance Assets and Lessor Operating Leases (Aging of Receivables) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Total	$ 1,593,369	$ 1,682,523
1 - 90 days
Financing Receivable, Past Due [Line Items]
Financing receivables	1,551,678	1,630,609
Contract value	1,551,678	1,630,609
Greater than 90 days
Financing Receivable, Past Due [Line Items]
Financing receivables	41,691	51,914
Still accruing interest	7,675	10,869
Not accruing interest	34,016	41,045
Contract value	41,691	51,914
Sales-type lease receivables | North America
Financing Receivable, Past Due [Line Items]
Total	1,064,996	1,110,898
Sales-type lease receivables | North America | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Financing receivables	1,032,400	1,069,290
Contract value	1,032,400	1,069,290
Sales-type lease receivables | North America | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Financing receivables	32,596	41,608
Still accruing interest	4,751	7,917
Not accruing interest	27,845	33,691
Contract value	32,596	41,608
Sales-type lease receivables | International
Financing Receivable, Past Due [Line Items]
Total	215,110	242,036
Sales-type lease receivables | International | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Financing receivables	211,442	238,114
Contract value	211,442	238,114
Sales-type lease receivables | International | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Financing receivables	3,668	3,922
Still accruing interest	1,074	1,111
Not accruing interest	2,594	2,811
Contract value	3,668	3,922
Loan receivables | North America
Financing Receivable, Past Due [Line Items]
Total	285,163	300,319
Loan receivables | North America | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Financing receivables	280,114	294,126
Contract value	280,114	294,126
Loan receivables | North America | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Financing receivables	5,049	6,193
Still accruing interest	1,797	1,769
Not accruing interest	3,252	4,424
Contract value	5,049	6,193
Loan receivables | International
Financing Receivable, Past Due [Line Items]
Total	28,100	29,270
Loan receivables | International | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Financing receivables	27,722	29,079
Contract value	27,722	29,079
Loan receivables | International | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Financing receivables	378	191
Still accruing interest	53	72
Not accruing interest	325	119
Contract value	$ 378	$ 191

Finance Assets and Lessor Ope_7

Finance Assets and Lessor Operating Leases (Credit Quality) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Gross finance receivables	$ 313,263
Low
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	30.00%
Medium
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	40.00%
High
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	30.00%
North America
Financing Receivable, Credit Quality Indicator [Line Items]
Gross finance receivables	$ 285,163
Sales-type lease receivables
Financing Receivable, Credit Quality Indicator [Line Items]
Gross finance receivables	1,280,106	$ 1,352,934
Sales-type lease receivables | North America
Financing Receivable, Credit Quality Indicator [Line Items]
Gross finance receivables	1,064,996	1,110,898
Sales-type lease receivables | North America | Low
Financing Receivable, Credit Quality Indicator [Line Items]
Gross finance receivables	853,156	922,414
Sales-type lease receivables | North America | Medium
Financing Receivable, Credit Quality Indicator [Line Items]
Gross finance receivables	160,969	131,650
Sales-type lease receivables | North America | High
Financing Receivable, Credit Quality Indicator [Line Items]
Gross finance receivables	22,315	22,110
Sales-type lease receivables | North America | Not Scored
Financing Receivable, Credit Quality Indicator [Line Items]
Gross finance receivables	28,556	34,724
Loan receivables
Financing Receivable, Credit Quality Indicator [Line Items]
Gross finance receivables	313,263	329,589
Loan receivables | North America
Financing Receivable, Credit Quality Indicator [Line Items]
Gross finance receivables	285,163	300,319
Loan receivables | North America | Low
Financing Receivable, Credit Quality Indicator [Line Items]
Gross finance receivables	215,319	238,620
Loan receivables | North America | Medium
Financing Receivable, Credit Quality Indicator [Line Items]
Gross finance receivables	53,176	43,952
Loan receivables | North America | High
Financing Receivable, Credit Quality Indicator [Line Items]
Gross finance receivables	5,379	5,947
Loan receivables | North America | Not Scored
Financing Receivable, Credit Quality Indicator [Line Items]
Gross finance receivables	$ 11,289	$ 11,800

Finance Assets and Lessor Ope_8

Finance Assets and Lessor Operating Leases (Lease Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Leases [Abstract]
Profit recognized at commencement	$ 38,086	$ 38,204	$ 108,743	$ 125,133
Interest income	56,522	60,653	174,045	183,340
Total lease income from sales-type leases	$ 94,608	$ 98,857	$ 282,788	$ 308,473

Finance Assets and Lessor Ope_9

Finance Assets and Lessor Operating Leases (Operating Leases) (Details) $ in Thousands	Sep. 30, 2019USD ($)
Lessor, Lease, Description [Line Items]
Remaining for year ending December 31, 2019	$ 9,092
Year ending December 31, 2020	30,986
Year ending December 31, 2021	15,600
Year ending December 31, 2022	6,886
Year ending December 31, 2023	3,154
Thereafter	412
Total	$ 66,130
Mailing Equipment | Minimum
Lessor, Lease, Description [Line Items]
Term	1 year
Mailing Equipment | Maximum
Lessor, Lease, Description [Line Items]
Term	5 years

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill (Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Finite lived intangible assets
Gross Carrying Amount	$ 421,189		$ 421,189		$ 414,922
Accumulated Amortization	(221,474)		(221,474)		(201,722)
Net Carrying Amount	199,715		199,715		213,200
Amortization expense	9,000	$ 10,000	27,000	$ 29,000
Customer relationships
Finite lived intangible assets
Gross Carrying Amount	347,515		347,515		338,320
Accumulated Amortization	(164,336)		(164,336)		(149,539)
Net Carrying Amount	183,179		183,179		188,781
Software & technology
Finite lived intangible assets
Gross Carrying Amount	52,309		52,309		54,297
Accumulated Amortization	(38,517)		(38,517)		(35,325)
Net Carrying Amount	13,792		13,792		18,972
Trademarks & other
Finite lived intangible assets
Gross Carrying Amount	21,365		21,365		22,305
Accumulated Amortization	(18,621)		(18,621)		(16,858)
Net Carrying Amount	$ 2,744		$ 2,744		$ 5,447

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill (Future Amortization Expense) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Finite lived intangible assets future amortization expense
Remaining for year ending December 31, 2019	$ 9,171
Year ending December 31, 2020	33,368
Year ending December 31, 2021	29,972
Year ending December 31, 2022	29,026
Year ending December 31, 2023	26,188
Thereafter	71,990
Net Carrying Amount	$ 199,715	$ 213,200

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill (Goodwill) (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Jan. 31, 2019	Sep. 30, 2019
Goodwill
Beginning balance	$ 1,332,351	$ 1,332,351
Acquisition/(divestiture)	(10,000)	(5,426)
Currency impact		(9,888)
Ending balance		1,317,037
Commerce Services
Goodwill
Beginning balance	816,896	816,896
Acquisition/(divestiture)		5,064
Currency impact		0
Ending balance		821,960
Commerce Services | Global Ecommerce
Goodwill
Beginning balance	609,431	609,431
Acquisition/(divestiture)		0
Currency impact		0
Ending balance		609,431
Commerce Services | Presort Services
Goodwill
Beginning balance	207,465	207,465
Acquisition/(divestiture)		5,064
Currency impact		0
Ending balance		212,529
SendTech Solutions | SendTech
Goodwill
Beginning balance	$ 515,455	515,455
Acquisition/(divestiture)		(10,490)
Currency impact		(9,888)
Ending balance		$ 495,077

Fair Value Measurements and D_3

Fair Value Measurements and Derivative Instruments (Assets and Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 700,551	$ 919,371
Liabilities	(5,454)	(735)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	230,677	321,116
Liabilities	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	469,874	598,255
Liabilities	(5,454)	(735)
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Liabilities	0	0
Money market funds / certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	417,497	612,647
Money market funds / certificates of deposit | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	157,114	220,756
Money market funds / certificates of deposit | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	260,383	391,891
Money market funds / certificates of deposit | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	21,814	19,133
Equity securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Equity securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	21,814	19,133
Equity securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Commingled fixed income securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	22,474	21,711
Commingled fixed income securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	1,655	1,570
Commingled fixed income securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	20,819	20,141
Commingled fixed income securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Government and related securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	89,987	108,577
Government and related securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	71,908	98,790
Government and related securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	18,079	9,787
Government and related securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	73,332	56,938
Corporate debt securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Corporate debt securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	73,332	56,938
Corporate debt securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Mortgage-backed / asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	74,718	98,334
Mortgage-backed / asset-backed securities | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Mortgage-backed / asset-backed securities | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	74,718	98,334
Mortgage-backed / asset-backed securities | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities	0	0
Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	729	2,031
Derivative liabilities	(5,454)	(735)
Foreign exchange contracts | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Foreign exchange contracts | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	729	2,031
Derivative liabilities	(5,454)	(735)
Foreign exchange contracts | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	$ 0	$ 0

Fair Value Measurements and D_4

Fair Value Measurements and Derivative Instruments (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Sep. 30, 2019
Derivative [Line Items]
Collateral outstanding		$ 0
Notes due December 2020 | New Term Loan
Derivative [Line Items]
Loan amount		300,000,000
Foreign exchange contracts
Derivative [Line Items]
Derivative notional amount	$ 8,000,000	8,000,000
Interest Rate Swap | Cash Flow Hedging
Derivative [Line Items]
Derivative notional amount		$ 300,000,000
Investment Concentration Risk | Commercial paper | Level 2
Derivative [Line Items]
Percent of investments that is classified as commercial paper	3.00%

Fair Value Measurements and D_5

Fair Value Measurements and Derivative Instruments (Available-for-sale Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 235,256	$ 270,313
Gross unrealized gains	5,122	218
Gross unrealized losses	(724)	(5,202)
Estimated fair value	239,654	265,329
Government and related securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	88,050	109,776
Gross unrealized gains	1,946	47
Gross unrealized losses	(47)	(1,336)
Estimated fair value	89,949	108,487
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	71,763	58,714
Gross unrealized gains	1,907	4
Gross unrealized losses	(338)	(1,780)
Estimated fair value	73,332	56,938
Commingled fixed income securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	1,666	1,637
Gross unrealized gains	0	0
Gross unrealized losses	(11)	(67)
Estimated fair value	1,655	1,570
Mortgage-backed / asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	73,777	100,186
Gross unrealized gains	1,269	167
Gross unrealized losses	(328)	(2,019)
Estimated fair value	$ 74,718	$ 98,334

Fair Value Measurements and D_6

Fair Value Measurements and Derivative Instruments (Unrealized Holding Losses) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Less than 12 continuous months	$ 35,784	$ 48,318
Greater than 12 continuous months	28,235	177,331
Total	64,019	225,649
Gross unrealized losses
Less than 12 continuous months	360	847
Greater than 12 continuous months	364	4,355
Total	$ 724	$ 5,202

Fair Value Measurements and D_7

Fair Value Measurements and Derivative Instruments (Available-for-sale Securities Maturities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Amortized cost
Within 1 year	$ 39,047
After 1 year through 5 years	58,494
After 5 years through 10 years	69,077
After 10 years	68,638
Total	235,256	$ 270,313
Estimated fair value
Within 1 year	39,133
After 1 year through 5 years	59,246
After 5 years through 10 years	70,267
After 10 years	71,008
Total	$ 239,654	$ 265,329

Fair Value Measurements and D_8

Fair Value Measurements and Derivative Instruments (Derivative Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Derivative [Line Items]
Total net derivative (liability) asset	$ (4,725)	$ 1,296
Total derivative assets
Derivative [Line Items]
Total net derivative (liability) asset	729	2,031
Total derivative liabilities
Derivative [Line Items]
Total net derivative (liability) asset	(5,454)	(735)
Foreign exchange contracts | Derivatives designated as hedging instruments | Other current assets and prepayments
Derivative [Line Items]
Total net derivative (liability) asset	113	61
Foreign exchange contracts | Derivatives designated as hedging instruments | Accounts payable and accrued liabilities
Derivative [Line Items]
Total net derivative (liability) asset	(52)	(104)
Foreign exchange contracts | Derivatives not designated as hedging instruments | Other current assets and prepayments
Derivative [Line Items]
Total net derivative (liability) asset	616	1,970
Foreign exchange contracts | Derivatives not designated as hedging instruments | Accounts payable and accrued liabilities
Derivative [Line Items]
Total net derivative (liability) asset	$ (5,402)	$ (631)

Fair Value Measurements and D_9

Fair Value Measurements and Derivative Instruments (Foreign Exchange Contracts) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCI (Effective Portion)	$ 156	$ (866)	$ 181	$ (1,665)
Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)	(44)	14	76	5
Revenue
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)	(98)	(38)	(23)	38
Cost of sales
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)	54	52	99	(33)
Interest Expense
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)	0	0	0	0
Foreign exchange contracts
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCI (Effective Portion)	156	(42)	181	111
Foreign exchange contracts | Selling, general and administrative expense
Derivative [Line Items]
Derivative Gain (Loss) Recognized in Earnings	(11,385)	(1,948)	(6,181)	(20,344)
Interest rate swap
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCI (Effective Portion)	$ 0	$ (824)	$ 0	$ (1,776)

Fair Value Measurements and _10

Fair Value Measurements and Derivative Instruments (Fair Value of Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Carrying value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 3,069,091	$ 3,265,608
Fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 2,953,853	$ 3,003,678

Restructuring Charges and Ass_3

Restructuring Charges and Asset Impairments (Restructuring Charges) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Restructuring Costs
Balance Beginning	$ 15,449	$ 43,720
Expenses, net	13,343	18,771
Cash payments	(18,845)	(39,242)
Balance Ending	$ 9,947	23,249
Minimum
Restructuring Costs
Restructuring reserve, expected payment period	12 months
Maximum
Restructuring Costs
Restructuring reserve, expected payment period	24 months
Severance and benefits costs
Restructuring Costs
Balance Beginning	$ 13,641	42,151
Expenses, net	12,498	13,637
Cash payments	(16,362)	(37,492)
Balance Ending	9,777	18,296
Other exit costs
Restructuring Costs
Balance Beginning	1,808	1,569
Expenses, net	845	5,134
Cash payments	(2,483)	(1,750)
Balance Ending	$ 170	$ 4,953

Restructuring Charges and Ass_4

Restructuring Charges and Asset Impairments (Asset Impairments) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Restructuring and Related Activities [Abstract]
Asset impairment charges	$ 42

Debt (Schedule of Debt) (Detail

Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Principal amount	$ 3,093,499	$ 3,296,138
Less: unamortized costs, net	24,408	30,530
Total debt	3,069,091	3,265,608
Less: current portion long-term debt	501,728	199,535
Long-term debt	$ 2,567,363	3,066,073
Notes due | Notes due September 2020
Debt Instrument [Line Items]
Interest rate	4.125%
Principal amount	$ 300,000	300,000
Notes due | Notes due October 2021
Debt Instrument [Line Items]
Interest rate	3.875%
Principal amount	$ 600,000	600,000
Notes due | Notes due May 2022
Debt Instrument [Line Items]
Interest rate	4.625%
Principal amount	$ 400,000	400,000
Notes due | Notes due April 2023
Debt Instrument [Line Items]
Interest rate	4.95%
Principal amount	$ 400,000	400,000
Notes due | Notes due March 2024
Debt Instrument [Line Items]
Interest rate	4.625%
Principal amount	$ 500,000	500,000
Notes due | Notes due January 2037
Debt Instrument [Line Items]
Interest rate	5.25%
Principal amount	$ 35,841	35,841
Notes due | Notes due March 2043
Debt Instrument [Line Items]
Interest rate	6.70%
Principal amount	$ 425,000	425,000
Term loans
Debt Instrument [Line Items]
Principal amount	427,500	630,000
Other debt
Debt Instrument [Line Items]
Principal amount	$ 5,158	$ 5,297

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	Nov. 01, 2019	Sep. 30, 2019	Sep. 30, 2019
Term loans
Debt Instrument [Line Items]
Repayments of debt		$ 165,000,000	$ 38,000,000
Loan amount		200,000,000	$ 200,000,000
Loss on redemption of debt		$ 1,000,000
Term loans | Subsequent Event
Debt Instrument [Line Items]
Loan amount	$ 400,000,000
Debt term	5 years
Line of credit | Revolving credit facility | Subsequent Event
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 500,000,000
Notes due May 2022 | Notes due
Debt Instrument [Line Items]
Increase in interest rate			0.25%
Notes due September 2020 | Notes due
Debt Instrument [Line Items]
Increase in interest rate			0.25%
Notes due October 2021 | Notes due
Debt Instrument [Line Items]
Increase in interest rate			0.25%
Notes due April 2023 | Notes due
Debt Instrument [Line Items]
Increase in interest rate			0.25%
Term loan due November 2019 | Term loans | Subsequent Event
Debt Instrument [Line Items]
Repayments of debt	150,000,000
Term loan due December 2020 | Term loans | Subsequent Event
Debt Instrument [Line Items]
Repayments of debt	$ 300,000,000

Pensions and Other Benefit Pr_3

Pensions and Other Benefit Programs (Components of Net Periodic Benefit Cost (Income)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Restructuring Charges
Defined Benefit Plan Disclosure [Line Items]
Settlement / Curtailment			$ (1,400)
Discontinued Operations
Defined Benefit Plan Disclosure [Line Items]
Settlement / Curtailment			(1,000)
Defined Benefit Pension Plans | United States
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 20	$ 23	62	$ 69
Interest cost	15,792	15,363	47,378	46,087
Expected return on plan assets	(23,182)	(25,281)	(69,545)	(75,815)
Amortization of transition credit	0	0	0	0
Amortization of prior service (credit) cost	(15)	(15)	(45)	(45)
Amortization of net actuarial loss	6,537	7,851	19,610	23,555
Settlement / Curtailment	1,477	796	2,278	796
Net periodic benefit (income) cost	629	(1,263)	(262)	(5,353)
Contributions to benefit plans	3,350	2,479	7,401	5,674
Defined Benefit Pension Plans | Foreign
Defined Benefit Plan Disclosure [Line Items]
Service cost	385	567	1,157	1,731
Interest cost	4,435	4,434	13,231	13,721
Expected return on plan assets	(8,340)	(8,730)	(25,609)	(27,045)
Amortization of transition credit	(2)	(2)	(5)	(5)
Amortization of prior service (credit) cost	58	(18)	181	(54)
Amortization of net actuarial loss	1,543	1,807	4,727	5,590
Settlement / Curtailment	0	0	397	0
Net periodic benefit (income) cost	(1,921)	(1,942)	(5,921)	(6,062)
Contributions to benefit plans	652	661	9,740	10,640
Nonpension Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	242	298	725	1,109
Interest cost	1,646	1,676	4,937	4,888
Expected return on plan assets	0	0	0	0
Amortization of transition credit	0	0	0	0
Amortization of prior service (credit) cost	80	112	241	287
Amortization of net actuarial loss	507	338	1,521	2,153
Settlement / Curtailment	0	339	0	339
Net periodic benefit (income) cost	2,475	2,763	7,424	8,776
Contributions to benefit plans	$ 4,628	$ 4,442	$ 13,841	$ 13,552

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Effective tax rate (percent)	127.30%	(5.50%)	(71.20%)	11.50%
Valuation allowance released	$ 23,000		$ 23,000
Tax benefit from resolution of settlement		$ 7,000	6,000	$ 13,000
Re-measurement of deferred tax asset		$ 8,000		17,000
Tax from Market Exits			2,000
Loss on disposition of businesses			$ 17,683	$ 0
Percent decrease in unrecognized benefits, reasonably possible (up to)	30.00%		30.00%

Leased Assets and Liabilities_2

Leased Assets and Liabilities (Operating and Finance Lease Assets and Liabilities) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Operating	$ 172,617	$ 152,554
Finance	11,250	10,683
Total leased assets	183,867	163,237
Current operating lease liabilities	34,091	35,208
Noncurrent operating lease liabilities	148,125	125,294
Accounts payable and accrued liabilities	2,773	2,708
Other noncurrent liabilities	7,589	7,054
Total lease liabilities	$ 192,578	$ 170,264
Maximum
Lessee, Lease, Description [Line Items]
Term of contract	15 years
Option to extend	5 years

Leased Assets and Liabilities_3

Leased Assets and Liabilities (Lease Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Leases [Abstract]
Operating lease expense	$ 12,347	$ 12,395	$ 34,750	$ 33,835
Amortization of leased assets	838	692	2,529	1,934
Interest on lease liabilities	172	135	520	378
Variable lease expense	4,969	4,272	18,821	16,486
Sublease income	(381)	(680)	(1,726)	(1,132)
Total expense	$ 17,945	$ 16,814	$ 54,894	$ 51,501

Leased Assets and Liabilities_4

Leased Assets and Liabilities (Lease Maturity) (Details) $ in Thousands	Sep. 30, 2019USD ($)
Operating Leases
Remaining for year ending December 31, 2019	$ 11,233
Year ending December 31, 2020	42,292
Year ending December 31, 2021	35,970
Year ending December 31, 2022	27,799
Year ending December 31, 2023	21,392
Thereafter	88,779
Total	227,465
Less: present value discount	45,249
Lease liability	182,216
Finance Leases
Remaining for year ending December 31, 2019	907
Year ending December 31, 2020	3,242
Year ending December 31, 2021	2,850
Year ending December 31, 2022	2,278
Year ending December 31, 2023	1,626
Thereafter	983
Total	11,886
Less: present value discount	1,524
Lease liability	10,362
Total
Remaining for year ending December 31, 2019	12,140
Year ending December 31, 2020	45,534
Year ending December 31, 2021	38,820
Year ending December 31, 2022	30,077
Year ending December 31, 2023	23,018
Thereafter	89,762
Total	239,351
Less: present value discount	46,773
Lease liability	192,578
Leases signed but not yet commenced	$ 28,000

Leased Assets and Liabilities_5

Leased Assets and Liabilities (Weighted-Average) (Details)	Sep. 30, 2019	Sep. 30, 2018
Weighted-average remaining lease term
Operating leases	7 years 6 months	7 years 2 months 12 days
Finance leases	4 years	4 years 1 month 6 days
Weighted-average discount rate
Operating leases	5.90%	4.50%
Finance leases	6.70%	6.20%

Leased Assets and Liabilities_6

Leased Assets and Liabilities (Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Leases [Abstract]
Operating cash outflows - operating leases	$ 10,440	$ 12,319	$ 32,041	$ 33,075
Operating cash outflows - finance leases	172	135	520	378
Financing cash outflows - finance leases	758	630	2,278	1,786
Leased assets obtained in exchange for new lease obligations
Operating leases	3,123	26,134	51,504	33,128
Finance leases	$ 1,124	$ 2,983	$ 3,227	$ 4,143

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jan. 01, 2018
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	$ 52,972	$ 48,961	$ 101,842	$ 30,553
Cumulative effect of accounting change					$ (12,207)
Net loss	(3,125)	80,277	17,913	191,842
Other comprehensive income (loss)	(18,774)	5,639	22,509	(11,225)
Dividends paid	(8,508)	(35,183)	(26,854)	(105,296)
Issuance of common stock	1,145	1,719	(588)	(1,407)
Conversion to common stock	0	0	0	0
Redemption of preferred/preference stock			(277)
Stock-based compensation expense	6,702	6,618	15,867	15,771
Repurchase of common stock	(5,000)		(105,000)
Balances, end of period	$ 25,412	$ 108,031	$ 25,412	$ 108,031
Dividends paid (USD per share)	$ 0.05	$ 0.1875	$ 0.15	$ 0.5625
Preferred stock
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	$ 0	$ 1	$ 1	$ 1
Redemption of preferred/preference stock			(1)
Balances, end of period	0	1	0	1
Preference stock
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	0	415	396	441
Conversion to common stock	0	(12)	(130)	(38)
Redemption of preferred/preference stock			(266)
Balances, end of period	0	403	0	403
Common stock
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	323,338	323,338	323,338	323,338
Balances, end of period	323,338	323,338	323,338	323,338
Additional paid-in capital
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	105,341	122,732	121,475	138,367
Issuance of common stock	(10,146)	(11,190)	(32,877)	(35,457)
Conversion to common stock	(246)	(242)	(2,804)	(763)
Redemption of preferred/preference stock			(10)
Stock-based compensation expense	6,702	6,618	15,867	15,771
Balances, end of period	101,651	117,918	101,651	117,918
Retained earnings
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	5,282,374	5,103,588	5,279,682	5,074,343
Cumulative effect of accounting change					$ (12,207)
Net loss	(3,125)	80,277	17,913	191,842
Dividends paid	(8,508)	(35,183)	(26,854)	(105,296)
Balances, end of period	5,270,741	5,148,682	5,270,741	5,148,682
Accumulated other comprehensive loss
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	(907,678)	(811,804)	(948,961)	(794,940)
Other comprehensive income (loss)	(18,774)	5,639	22,509	(11,225)
Balances, end of period	(926,452)	(806,165)	(926,452)	(806,165)
Treasury stock
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	(4,750,403)	(4,689,309)	(4,674,089)	(4,710,997)
Issuance of common stock	11,291	12,909	32,289	34,050
Conversion to common stock	246	254	2,934	801
Repurchase of common stock	(5,000)		(105,000)
Balances, end of period	$ (4,743,866)	$ (4,676,146)	$ (4,743,866)	$ (4,676,146)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Reclassifications) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	$ 790,125	$ 760,281	$ 2,373,782	$ 2,354,108
Interest expense, net	(28,704)	(26,588)	(84,325)	(89,377)
(Loss) income from continuing operations before taxes	(19,550)	45,188	18,761	149,788
Income tax (provision) benefit	24,895	2,468	13,351	(17,235)
Net (loss) income	(3,125)	80,277	17,913	191,842
Pension and Postretirement Benefit Plans	(254,092)	(241,350)	(757,228)	(759,469)
Reclassification out of Accumulated Other Comprehensive Loss | Cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	(98)	(38)	(23)	38
Cost of sales	54	52	99	(33)
Interest expense, net	0	(825)	0	(1,839)
(Loss) income from continuing operations before taxes	(44)	(811)	76	(1,834)
Income tax (provision) benefit	11	206	(19)	468
Net (loss) income	(33)	(605)	57	(1,366)
Reclassification out of Accumulated Other Comprehensive Loss | Available for sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense, net	146	(40)	42	150
Income tax (provision) benefit	(37)	10	(11)	(38)
Net (loss) income	109	(30)	31	112
Reclassification out of Accumulated Other Comprehensive Loss | Pension and postretirement benefit plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
(Loss) income from continuing operations before taxes	(10,185)	(11,208)	(28,905)	(32,616)
Income tax (provision) benefit	2,633	2,399	7,406	7,766
Net (loss) income	(7,552)	(8,809)	(21,499)	(24,850)
Reclassification out of Accumulated Other Comprehensive Loss | Transition credit
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension and Postretirement Benefit Plans	2	2	5	5
Reclassification out of Accumulated Other Comprehensive Loss | Prior service costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension and Postretirement Benefit Plans	(123)	(79)	(377)	(188)
Reclassification out of Accumulated Other Comprehensive Loss | Actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension and Postretirement Benefit Plans	(8,587)	(9,996)	(25,858)	(31,298)
Reclassification out of Accumulated Other Comprehensive Loss | Settlements
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension and Postretirement Benefit Plans	$ (1,477)	$ (1,135)	$ (2,675)	$ (1,135)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Changes) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period	$ 52,972	$ 48,961	$ 101,842	$ 30,553
Other comprehensive income (loss) before reclassifications			1,098	(37,329)
Reclassifications into earnings			21,411	26,104
Other comprehensive (loss) income, net of tax	(18,774)	5,639	22,509	(11,225)
Balances, end of period	25,412	108,031	25,412	108,031
Cash flow hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period			191	(406)
Other comprehensive income (loss) before reclassifications			135	(593)
Reclassifications into earnings			(57)	1,366
Other comprehensive (loss) income, net of tax			78	773
Balances, end of period	269	367	269	367
Available for sale securities
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period			(3,061)	1,597
Other comprehensive income (loss) before reclassifications			7,547	(6,402)
Reclassifications into earnings			(31)	(112)
Other comprehensive (loss) income, net of tax			7,516	(6,514)
Balances, end of period	4,455	(4,917)	4,455	(4,917)
Pension and postretirement benefit plans
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period			(846,461)	(748,800)
Other comprehensive income (loss) before reclassifications			0	0
Reclassifications into earnings			21,499	24,850
Other comprehensive (loss) income, net of tax			21,499	24,850
Balances, end of period	(824,962)	(723,950)	(824,962)	(723,950)
Foreign currency adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period			(99,630)	(47,331)
Other comprehensive income (loss) before reclassifications			(6,584)	(30,334)
Reclassifications into earnings			0	0
Other comprehensive (loss) income, net of tax			(6,584)	(30,334)
Balances, end of period	(106,214)	(77,665)	(106,214)	(77,665)
Total
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period	(907,678)	(811,804)	(948,961)	(794,940)
Other comprehensive (loss) income, net of tax	(18,774)	5,639	22,509	(11,225)
Balances, end of period	$ (926,452)	$ (806,165)	$ (926,452)	$ (806,165)