Pitney Bowes (PBI) 10-K 20 Feb 20 2019 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Jan. 31, 2020	Jun. 30, 2019
Cover page.
Document Type	10-K
Entity File Number	1-3579
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2019
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 Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 732
Entity Common Stock, Shares Outstanding		171,147,940
Entity Central Index Key	0000078814
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenue:
Total revenue		$ 3,205,125	$ 3,211,522	$ 2,784,007
Costs and expenses:
Selling, general and administrative		1,003,989	1,002,935	1,029,494
Research and development		51,258	58,523	60,857
Restructuring charges and asset impairments, net		69,606	25,899	44,849
Interest expense, net		110,910	115,381	117,984
Other components of net pension and postretirement cost		(4,225)	22,425	5,413
Other expense		24,306	7,964	3,856
Total costs and expenses		3,177,983	3,023,401	2,590,309
Total		27,142	188,121	193,698
(Benefit) provision for income taxes		(13,007)	6,416	13,659
Income from continuing operations		40,149	181,705	180,039
Income from discontinued operations, net of tax		154,460	60,106	63,489
Net income		$ 194,609	$ 241,811	$ 243,528
Basic earnings per share attributable to common stockholders:
Continuing operations (in dollars per share)	[1]	$ 0.23	$ 0.97	$ 0.97
Discontinued operations (in dollars per share)	[1]	0.88	0.32	0.34
Net income (in dollars per share)	[1]	1.10	1.29	1.31
Diluted earnings per share attributable to common stockholders:
Continuing operations (in dollars per share)	[1]	0.23	0.96	0.96
Discontinued operations (in dollars per share)	[1]	0.87	0.32	0.34
Net income (in dollars per share)	[1]	$ 1.10	$ 1.28	$ 1.30
Business services
Revenue:
Total from contracts with customers		$ 1,710,801	$ 1,566,470	$ 1,071,021
Total revenue		1,710,801	1,566,470	1,071,021
Costs and expenses:
Cost of products and sales		1,389,569	1,233,105	770,018
Support services
Revenue:
Total from contracts with customers		506,187	552,472	581,474
Total revenue		506,187	552,472	581,474
Costs and expenses:
Cost of products and sales		162,300	178,495	173,555
Financing
Revenue:
Total from contracts with customers		0	0	0
Total revenue		368,090	394,557	406,395
Costs and expenses:
Cost of products and sales		44,648	44,376	46,178
Equipment sales
Revenue:
Total from contracts with customers		80,562	88,616	119,416
Total revenue		352,104	395,652	400,704
Costs and expenses:
Cost of equipment sales		244,210	236,160	238,062
Supplies
Revenue:
Total from contracts with customers		187,287	218,304	231,412
Total revenue		187,287	218,304	231,412
Costs and expenses:
Cost of products and sales		49,882	60,960	66,302
Financing
Revenue:
Total from contracts with customers		0	0	0
Total revenue		80,656	84,067	93,001
Costs and expenses:
Cost of products and sales		$ 31,530	$ 37,178	$ 33,741
[1]	The sum of the earnings per share amounts may not equal the totals due to rounding.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 194,609	$ 241,811	$ 243,528
Other comprehensive income (loss), net of tax:
Foreign currency translations, net of tax of $3,071 in 2019 and $(4,992) in 2018	75,319	(52,299)	103,624
Net unrealized gain on cash flow hedges, net of tax of $49, $232, and $678, respectively	146	684	1,079
Net unrealized gain (loss) on available for sale securities, net of tax of $1,970, $(1,545), and $944, respectively	5,910	(5,002)	1,477
Adjustments to pension and postretirement plans, net of tax of ($1,270), $(13,508), and $3,089, respectively	(845)	(46,170)	12,185
Amortization of pension and postretirement costs, net of tax of $9,497, $21,675, and $13,936, respectively	28,288	64,999	26,828
Other comprehensive income (loss), net of tax	108,818	(37,788)	145,193
Comprehensive income	$ 303,427	$ 204,023	$ 388,721

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Foreign currency translations, tax expense (benefit)	$ 3,071	$ (4,992)
Net unrealized gain on cash flow hedges, tax	49	232	$ 678
Net unrealized loss on investment securities, tax	1,970	(1,545)	944
Adjustments to pension and postretirement plans, tax benefit (expense)	(1,270)	(13,508)	3,089
Amortization of pension and postretirement costs, tax	$ 9,497	$ 21,675	$ 13,936

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 924,442	$ 867,262
Short-term investments	115,879	59,391
Accounts and other receivables (net of allowance of $17,830 and $17,443 respectively)	373,471	371,797
Short-term finance receivables (net of allowance of $12,556 and $12,418, respectively)	629,643	653,236
Inventories	68,251	62,279
Current income taxes	5,565	5,947
Other current assets and prepayments	101,601	74,782
Assets of discontinued operations	17,229	602,823
Total current assets	2,236,081	2,697,517
Property, plant and equipment, net	376,177	398,501
Rental property and equipment, net	41,225	46,228
Long-term finance receivables (net of allowance of $7,095 and $7,804, respectively)	625,487	635,908
Goodwill	1,324,179	1,332,351
Intangible assets, net	190,640	213,200
Operating lease assets	200,752	152,554
Noncurrent income taxes	71,903	65,001
Other assets	400,456	397,159
Total assets	5,466,900	5,938,419
Current liabilities:
Accounts payable and accrued liabilities	1,384,808	1,348,127
Current operating lease liabilities	36,060	35,208
Current portion of long-term debt	20,108	199,535
Advance billings	101,920	116,862
Current income taxes	17,083	15,284
Liabilities of discontinued operations	9,713	174,798
Total current liabilities	1,569,692	1,889,814
Long-term debt	2,719,614	3,066,073
Deferred taxes on income	274,435	253,560
Tax uncertainties and other income tax liabilities	38,834	39,548
Noncurrent operating lease liabilities	177,711	125,294
Other noncurrent liabilities	400,518	462,288
Total liabilities	5,180,804	5,836,577
Commitments and contingencies (See Note 16)
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	98,748	121,475
Retained earnings	5,438,930	5,279,682
Accumulated other comprehensive loss	(840,143)	(948,961)
Treasury stock, at cost (152,888,969 and 135,662,830 shares, respectively)	(4,734,777)	(4,674,089)
Total stockholders’ equity	286,096	101,842
Total liabilities and stockholders’ equity	$ 5,466,900	$ 5,938,419

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Accounts receivable allowance	$ 17,830	$ 17,443
Short-term finance receivables allowance	12,556	12,418
Long-term finance receivables allowance	$ 7,095	$ 7,804
Preferred stock, par value (in dollars per share)	$ 50	$ 50
Preferred stock, dividend rate	4.00%	4.00%
Preference stock, dividend (in dollars per share)	$ 2.12	$ 2.12
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized (in shares)	480,000,000	480,000,000
Common stock issued (in shares)	323,337,912	323,337,912
Treasury stock (in shares)	152,888,969	135,662,830

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Cash flows from operating activities:
Net income	$ 194,609	$ 241,811	$ 243,528
Income from discontinued operations, net of tax	(154,460)	(60,106)	(63,489)
Restructuring payments	(27,148)	(52,730)	(26,080)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	159,142	148,464	126,790
Stock-based compensation	23,149	21,042	24,389
Restructuring charges and asset impairments, net	69,606	25,899	44,849
Loss on sale of businesses	17,683	0	0
Pension plan settlement	0	31,329	0
Deferred tax provision (benefit)	4,931	64,065	(1,414)
Changes in operating assets and liabilities, net of acquisitions/divestitures:
Decrease (increase) in accounts and other receivables	8,318	(44,031)	(7,165)
Decrease in finance receivables	25,638	53,280	147,836
Increase in inventories	(5,588)	(1,441)	(213)
Increase in other current assets and prepayments	(27,096)	(9,881)	(3,131)
Increase (decrease) in accounts payable and accrued liabilities	11,492	(2,758)	(18,651)
Decrease in current and noncurrent income taxes	(40,119)	(28,127)	(23,516)
Decrease in advance billings	(10,361)	(19,802)	(33,665)
Change in net operating lease assets and liabilities	6,398	346	14,840
Other, net	(13,259)	(16,565)	(23,508)
Net cash provided by operating activities: continuing operations	242,935	350,795	401,400
Net cash provided by (used in) operating activities: discontinued operations	9,272	(7,916)	52,758
Net cash provided by operating activities	252,207	342,879	454,158
Cash flows from investing activities:
Purchases of available-for-sale securities	(57,194)	(81,527)	(125,055)
Proceeds from sales/maturities of available-for-sale securities	108,548	175,820	113,501
Net change in short-term and other investments	(78,814)	11,838	(8,285)
Capital expenditures	(137,253)	(137,810)	(118,247)
Reserve account deposits	16,341	21,008	10,954
Acquisitions, net of cash acquired	(22,100)	(10,484)	(482,853)
Other investing activities	(10,091)	(4,250)	(5,750)
Net cash used in investing activities: continuing operations	(180,563)	(25,405)	(615,735)
Net cash provided by (used in) investing activities: discontinued operations	670,130	334,532	(5,630)
Net cash provided by (used in) investing activities	489,567	309,127	(621,365)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	389,986	0	1,436,660
Principal payments of long-term debt	(930,189)	(570,180)	(964,550)
Dividends paid to stockholders	(35,361)	(140,498)	(139,490)
Common stock repurchases	(105,000)	0	0
Other financing activities	(6,076)	(55,741)	35,127
Net cash (used in) provided by financing activities	(686,640)	(766,419)	367,747
Effect of exchange rate changes on cash and cash equivalents	2,046	(25,381)	43,959
Increase (decrease) in cash and cash equivalents	57,180	(139,794)	244,499
Cash and cash equivalents at beginning of period	867,262	1,009,021	764,522
Cash and cash equivalents at end of period	924,442	869,227	1,009,021
Less cash and cash equivalents of discontinued operations	0	1,965	0
Cash and cash equivalents of continuing operations at end of period	924,442	867,262	1,009,021
Cash interest paid	157,709	171,120	169,279
Cash income tax payments, net of refunds	$ 27,109	$ 25,906	$ 53,247

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity (Deficit) - USD ($) $ in Thousands	Total	Preferred stock	Preference stock	Common Stock	Additional Paid-in Capital	Retained earnings	Accumulated other comprehensive loss	Treasury stock
Balance at Dec. 31, 2016	$ (103,660)	$ 1	$ 483	$ 323,338	$ 148,125	$ 5,107,734	$ (940,133)	$ (4,743,208)
Increase (Decrease) in Stockholders' Equity
Net income	243,528					243,528
Other comprehensive income (loss)	145,193						145,193
Cash dividends
Common ($0.20 per share)	(139,454)					(139,454)
Preference	(36)					(36)
Issuances of common stock	(1,978)				(33,316)			31,338
Conversions to common stock	0		(42)		(831)			873
Stock-based compensation	24,389				24,389
Balance at Dec. 31, 2017	30,553	1	441	323,338	138,367	5,074,343	(794,940)	(4,710,997)
Increase (Decrease) in Stockholders' Equity
Cumulative effect of accounting changes							(116,233)
Net income	241,811					241,811
Other comprehensive income (loss)	(37,788)						(37,788)
Cash dividends
Common ($0.20 per share)	(140,466)					(140,466)
Preference	(32)					(32)
Issuances of common stock	(1,071)				(37,030)			35,959
Conversions to common stock			(45)		(904)			949
Stock-based compensation	21,042				21,042
Balance at Dec. 31, 2018	101,842	1	396	323,338	121,475	5,279,682	(948,961)	(4,674,089)
Increase (Decrease) in Stockholders' Equity
Net income	194,609					194,609
Other comprehensive income (loss)	108,818						108,818
Cash dividends
Common ($0.20 per share)	(35,353)					(35,353)
Preference	(8)					(8)
Issuances of common stock	(1,684)				(43,062)			41,378
Conversions to common stock	0		(130)		(2,804)			2,934
Redemption of preferred/preference stock	(277)	(1)	(266)		(10)
Stock-based compensation	23,149				23,149
Repurchase of common stock	(105,000)							(105,000)
Balance at Dec. 31, 2019	$ 286,096	$ 0	$ 0	$ 323,338	$ 98,748	$ 5,438,930	$ (840,143)	$ (4,734,777)

Consolidated Statement of Sto_2

Consolidated Statement of Stockholders' Equity (Deficit) (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Common stock cash paid (USD per share)	$ 0.20	$ 0.75	$ 0.75

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying Consolidated Financial Statements of Pitney Bowes Inc. and its wholly owned subsidiaries (we, us, our, or the company) have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP). Intercompany transactions and balances have been eliminated. Certain prior year amounts have been reclassified to conform to the current year presentation. Effective January 1, 2019, we adopted Accounting Standards Codification (ASC) 842, Leases (ASC 842) , using the modified retrospective transition approach with a cumulative effect adjustment. Prior periods have been recast to conform to the current period presentation. Discontinued operations includes the Software Solutions business, sold in December 2019 and the Production Mail business, sold in July 2018. All prior periods have been recast to report these operations as discontinued operations. See Note 4 for further details. 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. Additionally, we sold the direct operations and moved to a dealer model in six smaller international markets within SendTech Solutions (Market Exits) and recognized a pre-tax loss of $18 million in other expense. In connection with the sale, we recognized a receivable for the transfer of the lease portfolio in these international markets of $24 million . This receivable is included in other receivables. 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 classification of these costs are reflected as such in the income statements for the years ended December 31, 2018 and 2017. For the year ended December 31, 2018, the reclassification of these costs reduced research and development expense and cost of business services by $29 million and $13 million , respectively, and increased selling, general and administrative expense and cost of equipment sales by $30 million and $12 million , respectively. For the year ended December 31, 2017, the reclassification of these costs reduced research and development expense and cost of business services by $15 million and $3 million , respectively, and increased selling, general and administrative expense and cost of equipment sales by $11 million and $7 million , respectively. Additionally, for the year ended December 31, 2018, cost of equipment sales and cost of rentals were reduced by $5 million and $3 million , respectively, and cost of support services was increased by $8 million . For the year ended December 31, 2017, both cost of equipment sales and cost of rentals were reduced by $3 million and cost of support services increased by $6 million . The December 31, 2018 balance sheet reflects the correction to 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 . Effective January 1, 2018, we adopted ASU 2014-09, Revenue from Contracts with Customers using the modified retrospective method and recognized a $9 million cumulative effect adjustment to retained earnings at the date of the initial application. Additionally in 2018, we adopted ASU 2016-06, Income Taxes: Intra-entity Transfers of Assets other than Inventory and recognized a $3 million cumulative effect adjustment to retained earnings and ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income with a cumulative effect adjustment to reclassify $116 million from AOCI to opening retained earnings. For more information, refer to our Annual Report on Form 10-K filed with the SEC on February 20, 2019. Use of Estimates The preparation of financial statements in conformity with GAAP requires the use of estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and accompanying disclosures, including the disclosure of contingent assets and liabilities. These estimates and assumptions are based on management's best knowledge of current events, historical experience and other information available when the financial statements are prepared. These estimates include, but are not limited to, goodwill and intangible asset impairment review, deferred tax asset valuation allowance, income tax reserves, revenue recognition for multiple element arrangements, pension and other postretirement costs, allowance for doubtful accounts and credit losses, residual values of leased assets, useful lives of long-lived and intangible assets, restructuring costs, the allocation of purchase price to assets and liabilities acquired in business combinations, stock-based compensation expense and loss contingencies. Actual results could differ from those estimates and assumptions. Cash Equivalents and Investments Cash equivalents include interest-earning investments with maturities of three months or less at the date of purchase. Short-term investments include investments with original maturities of greater than three months and remaining maturities of less than one year from the reporting date. Investments with maturities greater than one year from the reporting date are recorded as other assets. 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). Purchase premiums and discounts are amortized using the effective interest method over the term of the security. Gains and losses on the sale of available-for-sale securities are recorded on the trade date using the specific identification method. Investment securities that management has the positive intent and ability to hold to maturity are classified as held-to-maturity and are carried at amortized cost. Accounts and Other Receivables and Allowance for Doubtful Accounts Accounts receivable are generally due within 30 days after the invoice date. Accounts receivable are written off against the allowance after all collection efforts have been exhausted and management deems the account to be uncollectible. We provide an allowance for doubtful accounts based on historical loss experience, the age of the receivables, specific troubled accounts and other currently available information. We believe that our accounts receivable credit risk is low because of the geographic and industry diversification of our clients and small account balances for most of our clients. We continually evaluate the adequacy of the allowance for doubtful accounts and make adjustments as necessary. Accounts and other receivables includes other receivables of $91 million at December 31, 2019 and $75 million at December 31, 2018. Finance Receivables and Allowance for Credit Losses Finance receivables are composed of sales-type lease receivables and unsecured revolving loan receivables. We provide an allowance for credit losses based on historical loss experience, the nature and volume of our portfolios, specific troubled accounts, 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. We establish credit approval limits based on the credit quality of the client and the type of equipment financed. We discontinue financing revenue recognition for lease receivables that are more than 120 days past due and for unsecured loan receivables that are more than 90 days past due. Revenue recognition is resumed when the client's payments reduce the account aging to less than 60 days past due. Finance receivables are written off against the allowance after all collection efforts have been exhausted and management deems the account to be uncollectible. 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. Inventories Inventories are stated at the lower of cost or market. Cost is determined on the last-in, first-out (LIFO) basis for most U.S. inventories and on the first-in, first-out (FIFO) basis for most non-U.S. inventories. Fixed Assets Property, plant and equipment and rental equipment are stated at cost and depreciated principally using the straight-line method over their estimated useful lives, which are 50 years for buildings, 10 to 20 years for building improvements, up to 3 years for internal use software development costs, 3 to 12 years for machinery and equipment and 4 to 6 years for rental equipment. Major improvements that add to the productive capacity or extend the life of an asset are capitalized while repairs and maintenance are charged to expense as incurred. Leasehold improvements are amortized over the shorter of their estimated useful life or the remaining lease term. Fully depreciated assets are retained in fixed assets and accumulated depreciation until they are removed from service. Intangible Assets Finite-lived intangible assets are amortized using the straight-line method over their estimated useful lives of up to 10 years. Research and Development Costs Research and development costs include engineering costs related to research and development activities and are expensed as incurred. Impairment Review for Long-lived and Finite-Lived Intangible Assets Long-lived assets and finite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. The estimated undiscounted future cash flows expected to result from the use and eventual disposition of the asset is compared to the asset's carrying value. The fair value of the asset is determined using probability weighted expected cash flow estimates, derived from our long-term business plans and historical experience, quoted market prices when available and appraisals, as appropriate. If the estimated undiscounted cash flows are less than the asset's carrying value, an impairment charge is recorded to reduce the assets carrying value to its fair value. Impairment Review for Goodwill Goodwill is tested annually for impairment at the reporting unit level during the fourth quarter or sooner if circumstances indicate an impairment may exist. The impairment test for goodwill determines the fair value of each reporting unit and compares it to the reporting unit's carrying value, including goodwill. If the fair value of a reporting unit is less than its carrying value an impairment loss is recognized for the difference, not to exceed the carrying amount of goodwill. Retirement Plans Net periodic benefit cost includes current service cost, interest cost, expected return on plan assets and the amortization of actuarial gains and losses. Actuarial gains and losses arise from actual results that differ from previous assumptions and changes in assumptions. The expected return on plan assets is based on a market-related valuation of plan assets where differences between the actual and expected return on plan assets are recognized over a five-year period. Actuarial gains and losses are recognized in other comprehensive income, net of tax, and amortized to benefit cost primarily over the life expectancy of plan participants. The funded status of pension and other postretirement benefit plans is recognized in the consolidated balance sheets. Stock-based Compensation We primarily issue restricted stock units, non-qualified stock options and performance stock units under our stock award plans. Compensation expense for stock-based awards is measured based on the estimated fair value of the awards expected to vest and recognized on a straight-line basis over the requisite service period. The fair value of stock awards is estimated based on the fair value of our common stock on the grant date, less the present value of expected dividends or using the Black-Scholes valuation model or Monte Carlo simulation model. We believe that the valuation techniques and underlying assumptions are appropriate in estimating the fair value of stock awards. The majority of stock-based compensation expense is recorded in selling, general and administrative expense. Forfeitures are estimated at the time of grant to recognize expense for those awards that are expected to vest and are based on our historical forfeiture rates. Revenue Recognition We derive revenue from multiple sources including sales, rentals, financing and services. Certain transactions are consummated at the same time and can therefore generate revenue from multiple sources. The most common form of these transactions involves a sale or noncancelable lease of equipment, meter services and an equipment maintenance agreement. We are required to determine whether each product and service within the contract should be treated as a separate performance obligation (unit of accounting) for revenue recognition purposes. For contracts that include multiple performance obligations, the transaction price is allocated based on relative standalone selling prices (SSP) which are a range of selling prices that we would sell a good or service to a customer on a separate basis. SSP are established for each performance obligation at the inception of the contract and can be observable prices or estimated. The allocation of the transaction price to the various performance obligations impacts the timing of revenue recognition, but does not change the total revenue recognized. More specifically, revenue related to our offerings is recognized as follows: 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. 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. 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 renewal experience, 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. Increases in estimated future residual values are not recognized until the equipment is remarketed. 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 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. Revenue from the direct sale of equipment is recognized as control of the equipment transfers to the customer, which is upon delivery for self-installed products and upon installation or customer acceptance for other products. We do not typically offer any rights of return. Supplies Supplies revenue is generally recognized upon delivery. 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. Shipping and Handling Shipping and handling costs are recognized as incurred and recorded in cost of revenues. Deferred Charges Certain incremental costs to obtain a contract are capitalized if we expect the benefit of those costs to be realized over a period greater than one year. These costs primarily relate to sales commission on multi-year equipment. These costs are amortized in a manner consistent with the timing of the related revenue over the contract performance period or longer, if renewals are expected and the renewal commission is not commensurate with the initial commission. Unamortized contract costs at December 31, 2019 and December 31, 2018 were $26 million and $20 million , respectively, and are included in other assets. Amortization expense for the year ended December 31, 2019 and 2018 was $7 million and $9 million , respectively. Restructuring Charges Costs associated with restructuring actions primarily include employee severance and other employee separation costs. These costs are recognized when a liability is incurred, which is generally upon communication to the affected employees, and the amount to be paid is both probable and reasonably estimable. Severance accruals are based on company policy, historical experience and negotiated settlements. 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 limit these risks by following established risk management policies and procedures, including the use of derivatives. We use derivative instruments to limit the effects of currency exchange rate fluctuations on financial results and manage the related 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 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. To qualify as a hedge, a derivative must be highly effective in offsetting the risk designated for hedging purposes. The hedge relationship must be formally documented at inception, detailing the particular risk management objective and strategy for the hedge. The effectiveness of the hedge relationship is evaluated on a retrospective and prospective basis. The use of derivative instruments exposes us to counterparty credit risk. To mitigate such risks, we enter into contracts only with financial institutions that meet stringent credit requirements. We regularly review our credit exposure balances and the creditworthiness of our counterparties. We have not seen a material change in the creditworthiness of our derivative counterparties. Income Taxes We recognize deferred tax assets and liabilities for the future tax consequences attributable to differences between the carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date of such change. A valuation allowance is provided when it is more likely than not that a deferred tax asset will not be realized. In estimating the necessity and amount of a valuation allowance, we consider all available evidence for each jurisdiction including historical operating results, estimates of future taxable income and the feasibility of ongoing tax planning strategies. We adjust the valuation allowance through income tax expense when new information becomes available that would alter our determination of the amount of deferred tax assets that will ultimately be realized. Earnings per Share Basic earnings per share is computed based on the weighted-average number of common shares outstanding during the year. Diluted earnings per share is computed based on the weighted-average number of common shares plus the dilutive effect of common stock equivalents. Translation of Non-U.S. Currency Amounts In general, the functional currency of our foreign operations is the local currency. Assets and liabilities of subsidiaries operating outside the U.S. are translated at rates in effect at the end of the period and revenue and expenses are translated at average monthly rates during the period. Net deferred translation gains and losses are included as a component of accumulated other comprehensive income. Loss Contingencies In the ordinary course of business, we are routinely defendants in, or party to, a number of pending and threatened legal actions. On a quarterly basis, we review the status of each significant matter and assess the potential financial exposure. If the potential loss from any claim or legal action is considered probable and can be reasonably estimated, we establish a liability for the estimated loss. The assessment of the ultimate outcome of each claim or legal action and the determination of the potential financial exposure requires significant judgment. Estimates of potential liabilities for claims or legal actions are based only on information that is available at that time. As additional information becomes available, we may revise our estimates, and these revisions could have a material impact on our results of operations and financial position. Legal fees are expensed as incurred. New Accounting Pronouncements New Accounting Pronouncements - Standards Adopted in 2019 On January 1, 2019, we adopted 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 17 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. 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 adoption of this standard did not have a material impact on our consolidated financial statements. New Accounting Pronouncements - Standards 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. We have implemented internal controls and accounting policies to facilitate the preparation of financial information that will be required under the new standard. This standard is effective beginning January 1, 2020. We will adopt the standard using the modified retrospective transition approach with a cumulative effect adjustment at January 1, 2020 to retained earnings. We do not expect the cumulative effect adjustment, or the impact of this standard on an ongoing basis, will be material to our financial statements. In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes

Revenue

Revenue	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregated Revenue The following tables disaggregate our revenue by source and timing of recognition: Year Ended December 31, 2019 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Revenue from products and services Business services $ 1,151,510 $ 529,588 $ 29,703 $ 1,710,801 $ — $ 1,710,801 Support services — — 506,187 506,187 — 506,187 Financing — — — — 368,090 368,090 Equipment sales — — 80,562 80,562 271,542 352,104 Supplies — — 187,287 187,287 — 187,287 Rentals — — — — 80,656 80,656 Subtotal 1,151,510 529,588 803,739 2,484,837 $ 720,288 $ 3,205,125 Revenue from leasing transactions and financing Financing — — 368,090 368,090 Equipment sales — — 271,542 271,542 Rentals — — 80,656 80,656 Total revenue $ 1,151,510 $ 529,588 $ 1,524,027 $ 3,205,125 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 334,046 $ 334,046 Products/services transferred over time 1,151,510 529,588 469,693 2,150,791 Total $ 1,151,510 $ 529,588 $ 803,739 $ 2,484,837 Year Ended December 31, 2018 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Revenue from products and services Business services $ 1,022,862 $ 515,795 $ 27,813 $ 1,566,470 $ — $ 1,566,470 Support services — — 552,472 552,472 — 552,472 Financing — — — — 394,557 394,557 Equipment sales — — 88,616 88,616 307,036 395,652 Supplies — — 218,304 218,304 — 218,304 Rentals — — — — 84,067 84,067 Subtotal 1,022,862 515,795 887,205 2,425,862 $ 785,660 $ 3,211,522 Revenue from leasing transactions and financing Financing — — 394,557 394,557 Equipment sales — — 307,036 307,036 Rentals — — 84,067 84,067 Total revenue $ 1,022,862 $ 515,795 $ 1,672,865 $ 3,211,522 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 386,844 $ 386,844 Products/services transferred over time 1,022,862 515,795 500,361 2,039,018 Total $ 1,022,862 $ 515,795 $ 887,205 $ 2,425,862 Year Ended December 31, 2017 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Revenue from products and services Business services $ 551,678 $ 497,901 $ 21,442 $ 1,071,021 $ — $ 1,071,021 Support services 564 — 580,910 581,474 — 581,474 Financing — — — — 406,395 406,395 Equipment sales — — 119,416 119,416 281,288 400,704 Supplies — — 231,412 231,412 — 231,412 Rentals — — — — 93,001 93,001 Subtotal 552,242 497,901 953,180 2,003,323 $ 780,684 $ 2,784,007 Revenue from leasing transactions and financing Financing — — 406,395 406,395 Equipment sales — — 281,288 281,288 Rentals — — 93,001 93,001 Total revenue $ 552,242 $ 497,901 $ 1,733,864 $ 2,784,007 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 421,470 $ 421,470 Products/services transferred over time 552,242 497,901 531,710 1,581,853 Total $ 552,242 $ 497,901 $ 953,180 $ 2,003,323 Our performance obligations are as follows: Business services includes providing mail processing services, cross-border solutions, shipping solutions and fulfillment, delivery and return services. Revenue is recognized over time as the services are provided. Contract terms for these services range from one to five years followed by annual renewal periods. Support services includes providing maintenance, professional, meter and other subscription 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. Equipment sales generally include the sale of mailing equipment, excluding sales-type leases. We recognize revenue upon delivery for self-install equipment 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. Supplies revenue is recognized upon delivery. Revenue from leasing transactions and financing includes revenue from sales-type leases, operating leases, finance income and late fees. Advance Billings from Contracts with Customers Balance Sheet Location December 31, 2019 December 31, 2018 Increase/ (decrease) Advance billings, current Advance billings $ 92,464 $ 111,829 $ (19,365 ) Advance billings, noncurrent Other noncurrent liabilities $ 1,245 $ 1,985 $ (740 ) Advance billings are recorded when cash payments are due in advance of our performance. Items in advance billings primarily relate to support services on mailing equipment. Revenue is recognized ratably over the contract term. The net decrease in advance billings at December 31, 2019 is due to revenue recognized during the period in excess of advance billings. Revenue recognized during the period includes $112 million of advance billings at the beginning of the period, partially offset by advance billings in the year. 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: 2020 2021 2022-2024 Total SendTech Solutions $ 288,689 $ 223,759 $ 261,947 $ 774,395 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	12 Months Ended
	Dec. 31, 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 facilitate domestic retail and ecommerce shipping solutions, including fulfillment and returns, and global cross-border ecommerce transactions. 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 and packages. 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 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. Revenues Years Ended December 31, 2019 2018 2017 Global Ecommerce $ 1,151,510 $ 1,022,862 $ 552,242 Presort Services 529,588 515,795 497,901 Commerce Services 1,681,098 1,538,657 1,050,143 SendTech Solutions 1,524,027 1,672,865 1,733,864 Total revenue $ 3,205,125 $ 3,211,522 $ 2,784,007 Geographic data: United States $ 2,745,928 $ 2,679,300 $ 2,262,249 Outside United States 459,197 532,222 521,758 Total revenue $ 3,205,125 $ 3,211,522 $ 2,784,007 EBIT Years Ended December 31, 2019 2018 2017 Global Ecommerce $ (70,146 ) $ (32,379 ) $ (17,899 ) Presort Services 70,693 73,768 97,506 Commerce Services 547 41,389 79,607 SendTech Solutions 490,322 558,959 553,266 Total segment EBIT 490,869 600,348 632,873 Reconciling items: Interest, net (155,558 ) (159,757 ) (164,162 ) Unallocated corporate expenses (211,529 ) (185,919 ) (219,924 ) Restructuring charges and asset impairments, net (69,606 ) (25,899 ) (44,849 ) Pension settlement — (31,329 ) — Loss on Market Exits (17,683 ) — — Transaction costs (2,728 ) (1,359 ) (6,384 ) Loss on extinguishment of debt (6,623 ) (7,964 ) (3,856 ) Benefit (provision) for income taxes 13,007 (6,416 ) (13,659 ) Income from continuing operations 40,149 181,705 180,039 Income from discontinued operations, net of tax 154,460 60,106 63,489 Net income $ 194,609 $ 241,811 $ 243,528 Depreciation and amortization Years Ended December 31, 2019 2018 2017 Global Ecommerce $ 68,385 $ 61,046 $ 36,786 Presort Services 29,440 26,838 26,541 Commerce Services 97,825 87,884 63,327 SendTech Solutions 39,758 39,104 39,359 Total for reportable segments 137,583 126,988 102,686 Corporate 21,559 21,476 24,104 Total depreciation and amortization $ 159,142 $ 148,464 $ 126,790 Capital expenditures Years Ended December 31, 2019 2018 2017 Global Ecommerce $ 53,374 $ 46,073 $ 26,810 Presort Services 27,394 42,531 20,860 Commerce Services 80,768 88,604 47,670 SendTech Solutions 32,276 24,648 40,445 Total for reportable segments 113,044 113,252 88,115 Corporate 24,209 24,558 30,132 Total capital expenditures $ 137,253 $ 137,810 $ 118,247 Assets December 31, 2019 2018 2017 Global Ecommerce $ 1,102,313 $ 1,023,732 $ 1,016,045 Presort Services 524,817 431,512 387,701 Commerce Services 1,627,130 1,455,244 1,403,746 SendTech Solutions 2,152,734 2,325,797 2,454,094 Total for reportable segments 3,779,864 3,781,041 3,857,840 Cash and cash equivalents 924,442 867,262 1,009,021 Short-term investments 115,879 59,391 48,988 Assets of discontinued operations 17,229 602,823 923,012 Other corporate assets 629,486 627,902 795,745 Consolidated assets $ 5,466,900 $ 5,938,419 $ 6,634,606 Identifiable long-lived assets: United States $ 399,234 $ 424,706 $ 389,944 Outside United States 18,168 20,023 26,696 Total $ 417,402 $ 444,729 $ 416,640

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations In December 2019, we completed the sale of the Software Solutions business, with the exception of the software business in Australia, which closed in January 2020, to an affiliate of Syncsort Incorporated for approximately $700 million , subject to certain adjustments. The operating results of the Software Solutions business are now reported as discontinued operations. Discontinued operations also includes the Production Mail business that was sold in July 2018. Selected financial information of discontinued operations is as follows: Year Ended December 31, 2019 Software Solutions Production Mail Total Revenue $ 272,565 $ — $ 272,565 Earnings (loss) from discontinued operations $ 22,160 $ (663 ) $ 21,497 Gain (loss) on sale 195,957 (14,644 ) 181,313 Income (loss) from discontinued operations before taxes $ 218,117 $ (15,307 ) 202,810 Tax provision 48,350 Income from discontinued operations, net of tax $ 154,460 Year Ended December 31, 2018 Software Solutions Production Mail Total Revenue $ 340,855 $ 211,542 $ 552,397 Earnings from discontinued operations $ 49,587 $ 18,952 $ 68,539 Gain on sale — 60,611 60,611 Income from discontinued operations before taxes $ 49,587 $ 79,563 129,150 Tax provision 69,044 Income from discontinued operations, net of tax $ 60,106 Year Ended December 31, 2017 Software Solutions Production Mail Total Revenue $ 331,624 $ 426,676 $ 758,300 Income from discontinued operations before taxes $ 34,386 $ 61,074 95,460 Tax provision 31,971 Income from discontinued operations, net of tax $ 63,489 The major categories of assets and liabilities included in assets of discontinued operations and liabilities of discontinued operations are as follows: December 31, 2019 December 31, 2018 Cash and cash equivalents $ — $ 1,965 Accounts and other receivables, net 3,241 85,399 Inventories — 855 Other current assets and prepayments 2,550 26,121 Property, plant and equipment, net 152 12,140 Rental property and equipment, net — 179 Goodwill (1) 9,562 434,160 Intangible assets, net — 13,937 Operating lease assets — 4,234 Other assets 1,724 23,833 Assets of discontinued operations $ 17,229 $ 602,823 Accounts payable and accrued liabilities $ 4,340 $ 44,917 Current operating lease liabilities — 2,000 Advance billings 5,373 113,110 Noncurrent operating lease liabilities — 1,943 Other noncurrent liabilities — 12,828 Liabilities of discontinued operations $ 9,713 $ 174,798 (1) Goodwill amount at December 31, 2018 is net of accumulated impairment charges of $148 million .

Earnings per Share (EPS)

Earnings per Share (EPS)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Earnings per Share (EPS)	Earnings per Share (EPS) The calculations of basic and diluted earnings per share are presented below. The sum of earnings per share amounts may not equal the totals due to rounding. Years Ended December 31, 2019 2018 2017 Numerator: Income from continuing operations $ 40,149 $ 181,705 $ 180,039 Income from discontinued operations, net of tax 154,460 60,106 63,489 Net income (numerator for diluted EPS) 194,609 241,811 243,528 Less: Preference stock dividend 8 32 36 Income attributable to common stockholders (numerator for basic EPS) $ 194,601 $ 241,779 $ 243,492 Denominator: Weighted-average shares used in basic EPS 176,251 187,277 186,332 Dilutive effect of common stock equivalents 1,198 1,105 1,103 Weighted-average shares used in diluted EPS 177,449 188,382 187,435 Basic earnings per share: Continuing operations $ 0.23 $ 0.97 $ 0.97 Discontinued operations 0.88 0.32 0.34 Net income $ 1.10 $ 1.29 $ 1.31 Diluted earnings per share: Continuing operations $ 0.23 $ 0.96 $ 0.96 Discontinued operations 0.87 0.32 0.34 Net income $ 1.10 $ 1.28 $ 1.30 Anti-dilutive options excluded from diluted earnings per share: 15,751 12,089 10,267

Inventories

Inventories	12 Months Ended
	Dec. 31, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following: December 31, 2019 2018 Raw materials $ 13,514 $ 8,229 Supplies and service parts 21,840 21,841 Finished products 36,969 36,692 Inventory at FIFO cost, net 72,323 66,762 Excess of FIFO cost over LIFO cost (4,072 ) (4,483 ) Total inventory, net $ 68,251 $ 62,279

Finance Assets and Lessor Opera

Finance Assets and Lessor Operating Leases	12 Months Ended
	Dec. 31, 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, customers 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 consisted of the following: December 31, 2019 December 31, 2018 North America International Total North America International Total Sales-type lease receivables Gross finance receivables $ 1,055,852 $ 224,202 $ 1,280,054 $ 1,110,898 $ 242,036 $ 1,352,934 Unguaranteed residual values 41,934 11,789 53,723 52,637 12,772 65,409 Unearned income (319,281 ) (65,888 ) (385,169 ) (383,453 ) (55,113 ) (438,566 ) Allowance for credit losses (10,920 ) (2,085 ) (13,005 ) (10,253 ) (2,355 ) (12,608 ) Net investment in sales-type lease receivables 767,585 168,018 935,603 769,829 197,340 967,169 Loan receivables Loan receivables 298,247 27,926 326,173 300,319 29,270 329,589 Allowance for credit losses (5,906 ) (740 ) (6,646 ) (6,777 ) (837 ) (7,614 ) Net investment in loan receivables 292,341 27,186 319,527 293,542 28,433 321,975 Net investment in finance receivables $ 1,059,926 $ 195,204 $ 1,255,130 $ 1,063,371 $ 225,773 $ 1,289,144 Maturities of gross loan receivables and gross sales-type lease receivables at December 31, 2019 were as follows: Sales-type Lease Receivables Loan Receivables North America International Total North America International Total 2020 $ 422,688 $ 88,282 $ 510,970 $ 265,091 $ 27,926 $ 293,017 2021 300,669 64,001 364,670 11,295 — 11,295 2022 195,533 42,421 237,954 9,778 — 9,778 2023 102,765 22,042 124,807 4,649 — 4,649 2024 33,309 6,549 39,858 6,341 — 6,341 Thereafter 888 907 1,795 1,093 — 1,093 Total $ 1,055,852 $ 224,202 $ 1,280,054 $ 298,247 $ 27,926 $ 326,173 Allowance for Credit Losses Activity in the allowance for credit losses was as follows: Sales-type Lease Receivables Loan Receivables North America International North America International Total Balance at December 31, 2016 $ 8,247 $ 2,647 $ 8,517 $ 1,089 $ 20,500 Amounts charged to expense 7,544 1,280 6,273 510 15,607 Accounts written off (8,070 ) (1,133 ) (7,692 ) (579 ) (17,474 ) Balance at December 31, 2017 7,721 2,794 7,098 1,020 18,633 Amounts charged to expense 7,928 1,315 6,825 532 16,600 Accounts written off (5,396 ) (1,754 ) (7,146 ) (715 ) (15,011 ) Balance at December 31, 2018 10,253 2,355 6,777 837 20,222 Amounts charged to expense 5,672 1,157 4,746 569 12,144 Accounts written off (5,005 ) (1,427 ) (5,617 ) (666 ) (12,715 ) Balance at December 31, 2019 $ 10,920 $ 2,085 $ 5,906 $ 740 $ 19,651 Aging of Receivables The aging of gross finance receivables was as follows: December 31, 2019 Sales-type Lease Receivables Loan Receivables North America International North America International Total 1 - 90 days $ 1,032,912 $ 220,819 $ 294,001 $ 27,697 $ 1,575,429 > 90 days 22,940 3,383 4,246 229 30,798 Total $ 1,055,852 $ 224,202 $ 298,247 $ 27,926 $ 1,606,227 Past due amounts > 90 days Still accruing interest $ 4,835 $ 1,081 $ 2,094 $ 121 $ 8,131 Not accruing interest 18,105 2,302 2,152 108 22,667 Total $ 22,940 $ 3,383 $ 4,246 $ 229 $ 30,798 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 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 ensure 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 by relative risk class (low, medium, high) 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. Some accounts are not scored; however, absence of a score is not indicative of the credit quality of the account. The degree of risk, as defined by the third party, refers to the relative risk that an account may become delinquent in the next 12 month period. • 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. December 31, 2019 2018 Sales-type lease receivables Low $ 837,386 $ 922,414 Medium 161,204 131,650 High 21,041 22,110 Not Scored 36,221 34,724 Total $ 1,055,852 $ 1,110,898 Loan receivables Low $ 216,295 $ 238,620 Medium 63,302 43,952 High 5,140 5,947 Not Scored 13,510 11,800 Total $ 298,247 $ 300,319 Lease Income Lease income from sales-type leases was as follows: Years Ended December 31, 2019 2018 2017 Profit recognized at commencement (1) $ 142,353 $ 171,938 $ 157,375 Interest income 229,719 245,751 253,224 Total lease income from sales-type leases $ 372,072 $ 417,689 $ 410,599 (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: 2020 $ 33,903 2021 17,158 2022 7,836 2023 5,369 2024 1,072 Total $ 65,338

Fixed Assets

Fixed Assets	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Fixed Assets	Fixed Assets Fixed assets consisted of the following: December 31, 2019 2018 Land $ 9,333 $ 9,333 Machinery and equipment 606,420 559,419 Capitalized software 410,171 401,602 Buildings and improvements 191,108 186,048 1,217,032 1,156,402 Accumulated depreciation (840,855 ) (757,901 ) Property, plant and equipment, net $ 376,177 $ 398,501 Rental property and equipment $ 151,195 $ 132,605 Accumulated depreciation (109,970 ) (86,377 ) Rental property and equipment, net $ 41,225 $ 46,228 Depreciation expense was $123 million , $110 million and $99 million for the years ended December 31, 2019 , 2018 and 2017

Acquisitions, Intangible Assets

Acquisitions, Intangible Assets and Goodwill	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Acquisitions, Intangible Assets and Goodwill	Acquisitions, Intangible Assets and Goodwill Acquisitions In October 2017, we acquired Newgistics for $471 million , net of cash acquired. The results of Newgistics are included in our consolidated operating results from the date of acquisition. Our consolidated revenue for the year ended December 31, 2017 includes $140 million from Newgistics. On a pro forma basis, had we acquired Newgistics on January 1, 2017, revenue would have been $341 million higher for the year ended December 31, 2017. The impact on earnings would not have been material. Intangible Assets Intangible assets consisted of the following: December 31, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 265,665 $ (88,550 ) $ 177,115 $ 338,320 $ (149,539 ) $ 188,781 Software & technology 31,600 (19,999 ) 11,601 54,297 (35,325 ) 18,972 Trademarks & other 13,324 (11,400 ) 1,924 22,305 (16,858 ) 5,447 Total intangible assets, net $ 310,589 $ (119,949 ) $ 190,640 $ 414,922 $ (201,722 ) $ 213,200 Amortization expense was $36 million , $39 million and $28 million for the years ended December 31, 2019 , 2018 and 2017 , respectively. The future amortization expense for intangible assets at December 31, 2019 is as follows: 2020 $ 33,429 2021 29,972 2022 29,026 2023 26,188 2024 26,188 Thereafter 45,837 Total $ 190,640 Actual amortization expense may differ from the amounts above due to, among other things, fluctuations in foreign currency exchange rates, acquisitions, divestitures and impairment charges. Goodwill Changes in the carrying amount of goodwill by reporting segment are shown in the tables below. December 31, 2018 Acquisitions/ dispositions Other (1) December 31, 2019 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 ) (2,746 ) 502,219 Total goodwill $ 1,332,351 $ (5,426 ) $ (2,746 ) $ 1,324,179 December 31, 2017 Acquisitions Other (1) December 31, 2018 Global Ecommerce $ 602,461 $ 7,623 $ (653 ) $ 609,431 Presort Services 204,781 2,684 — 207,465 Commerce Services 807,242 10,307 (653 ) 816,896 SendTech Solutions 527,108 — (11,653 ) 515,455 Total goodwill $ 1,334,350 $ 10,307 $ (12,306 ) $ 1,332,351 (1) Primarily represents foreign currency translation adjustments.

Fair Value Measurements and Der

Fair Value Measurements and Derivative Instruments	12 Months Ended
	Dec. 31, 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 December 31, 2019 and 2018 . December 31, 2019 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds / commercial paper $ 161,441 $ 240,364 $ — $ 401,805 Equity securities — 21,979 — 21,979 Commingled fixed income securities 1,656 18,404 — 20,060 Government and related securities 64,572 17,478 — 82,050 Corporate debt securities — 72,149 — 72,149 Mortgage-backed / asset-backed securities — 66,339 — 66,339 Derivatives Foreign exchange contracts — 3,256 — 3,256 Total assets $ 227,669 $ 439,969 $ — $ 667,638 Liabilities: Derivatives Foreign exchange contracts $ — $ (1,402 ) $ — $ (1,402 ) Total liabilities $ — $ (1,402 ) $ — $ (1,402 ) December 31, 2018 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds / commercial paper $ 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 / Commercial Paper: 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. Direct investments in commercial paper are not listed on an exchange in an active market and are classified as Level 2. • 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 on external price/spread data. These securities are classified as Level 2. Available-For-Sale Securities Available-for-sale securities consisted of the following: December 31, 2019 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 80,732 $ 1,358 $ (114 ) $ 81,976 Corporate debt securities 70,426 2,009 (286 ) 72,149 Commingled fixed income securities 1,675 — (19 ) 1,656 Mortgage-backed / asset-backed securities 65,679 960 (300 ) 66,339 Total $ 218,512 $ 4,327 $ (719 ) $ 222,120 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 Investment securities in a loss position were as follows: December 31, 2019 December 31, 2018 Fair Value Gross unrealized losses Fair Value Gross unrealized losses Greater than 12 continuous months $ 9,227 $ 136 $ 177,331 $ 4,355 Less than 12 continuous months 52,521 583 48,318 847 Total $ 61,748 $ 719 $ 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 and expect to receive the stated principal and interest at maturity. At December 31, 2019 , scheduled maturities of available-for-sale securities were as follows: Amortized cost Estimated fair value Within 1 year $ 35,393 $ 35,495 After 1 year through 5 years 49,647 50,426 After 5 years through 10 years 59,265 60,345 After 10 years 74,207 75,854 Total $ 218,512 $ 222,120 The actual maturities may not coincide with scheduled maturities as certain securities contain early redemption features and/or allow for the prepayment of obligations with or without penalty. Held-to-Maturity Securities Held-to-maturity securities at December 31, 2019, include $383 million of time deposits scheduled to mature within six months . Due to the short-term nature of these investments, they are recorded at cost as it approximates fair value. Derivative Instruments Foreign Exchange Contracts We enter into foreign exchange contracts to mitigate the currency risk associated with anticipated inventory purchases 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. At December 31, 2019 and 2018 , outstanding contracts associated with these anticipated transactions had a notional amount of $7 million and $8 million , respectively. The valuation of foreign exchange derivatives is based on a market approach using observable market inputs, such as foreign currency spot and forward rates and yield curves. Interest Rate Swaps 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 our derivative instruments at December 31, 2019 and 2018 was as follows: December 31, Designation of Derivatives Balance Sheet Location 2019 2018 Derivatives designated as hedging instruments Foreign exchange contracts Other current assets and prepayments $ 207 $ 61 Accounts payable and accrued liabilities (56 ) (104 ) Derivatives not designated as hedging instruments Foreign exchange contracts Other current assets and prepayments 3,049 1,970 Accounts payable and accrued liabilities (1,346 ) (631 ) Total derivative assets 3,256 2,031 Total derivative liabilities (1,402 ) (735 ) Total net derivative asset $ 1,854 $ 1,296 The amounts included in AOCI at December 31, 2019 will be recognized in earnings within the next 12 months. No amount of ineffectiveness was recorded in earnings for these designated cash flow hedges. The following represents the results of cash flow hedging relationships for the years ended December 31, 2019 and 2018 : Years Ended December 31, 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 $ 371 $ 106 Revenue $ 72 $ 11 Cost of sales 104 51 Interest rate swap $ — $ (1,776 ) Interest Expense — — $ 176 $ 62 We also 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 the intercompany loans and interest and the mark-to-market adjustment on the derivatives are both recorded in earnings. All outstanding contracts at December 31, 2019 mature over the next three months. The following represents the mark-to-market adjustment on our non-designated derivative instruments for the years ended December 31, 2019 and 2018 : Years Ended December 31, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2019 2018 Foreign exchange contracts Selling, general and administrative expense $ 5,154 $ (33,453 ) Credit-Risk-Related Contingent Features Certain derivative instruments contain credit-risk-related contingent features that could require us to post collateral based on our long-term senior unsecured debt ratings and the net fair value of our derivatives. At December 31, 2019 , we were not required to post any collateral. 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. The fair value of our debt is estimated based on recently executed transactions and market price quotations. The inputs used to determine the fair value of our debt were classified as Level 2 in the fair value hierarchy. The carrying value and estimated fair value of our debt at December 31, 2019 and 2018 was as follows: December 31, 2019 2018 Carrying value $ 2,739,722 $ 3,265,608 Fair value $ 2,572,794 $ 3,003,678

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	12 Months Ended
	Dec. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Supplemental Balance Sheet Information	Supplemental Balance Sheet Information The following table shows selected balance sheet information: December 31, 2019 2018 Other assets: Long-term investments $ 288,963 $ 311,417 Pension asset 20,403 14,502 Contract costs 26,048 20,420 Other 65,042 50,820 Total $ 400,456 $ 397,159 Accounts payable and accrued liabilities: Accounts payable $ 282,125 $ 280,936 Reserve account deposits 591,118 574,777 Customer deposits 115,889 125,574 Employee related liabilities 219,995 208,840 Other 175,681 158,000 Total $ 1,384,808 $ 1,348,127 Other noncurrent liabilities: Pension liability $ 214,742 $ 276,563 Postretirement medical benefits 147,972 149,463 Other 37,804 36,262 Total $ 400,518 $ 462,288

Restructuring Charges and Asset

Restructuring Charges and Asset Impairments	12 Months Ended
	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring Charges and Asset Impairments	Restructuring Charges and Asset Impairments The table below shows the activity in our restructuring reserves: Severance and benefits costs Other exit costs Total Balance at December 31, 2017 $ 42,151 $ 1,569 $ 43,720 Expenses, net 18,426 6,033 24,459 Cash payments (46,936 ) (5,794 ) (52,730 ) Balance at December 31, 2018 13,641 1,808 15,449 Expenses, net 22,794 911 23,705 Cash payments (24,498 ) (2,650 ) (27,148 ) Balance at December 31, 2019 $ 11,937 $ 69 $ 12,006 The majority of the remaining restructuring reserves are expected to be paid over the next 12 - 24 months . Asset impairments Asset impairment charges were $46 million , $1 million , and $4 million in 2019 , 2018 , and 2017 , respectively. Asset impairment charges in 2019 primarily include $39 million

Debt

Debt	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Debt	Debt December 31, Interest rate 2019 2018 Notes due September 2020 4.125% — 300,000 Notes due October 2021 4.125% 600,000 600,000 Notes due May 2022 4.625% 400,000 400,000 Notes due April 2023 5.20% 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 6.70% 425,000 425,000 Term loans Variable 400,000 630,000 Other debt 5,108 5,297 Principal amount 2,765,949 3,296,138 Less: unamortized costs, net 26,227 30,530 Total debt 2,739,722 3,265,608 Less: current portion long-term debt 20,108 199,535 Long-term debt $ 2,719,614 $ 3,066,073 During 2019, we repaid all term loans outstanding at the beginning of the year and secured a new five-year $400 million secured term loan, scheduled to mature November 2024 (the 2024 Term Loan). The term loan bears interest at LIBOR plus 1.75% and resets monthly. Interest at December 31, 2019 was 3.55% . We also redeemed the $300 million September 2020 Notes. Finally, we replaced our $1 billion revolving credit facility scheduled to mature in January 2021 with a $500 million secured credit facility that expires in November 2024 (the Credit Facility). As of December 31, 2019 we had not drawn upon the Credit Facility. The Credit Facility contains financial covenants of which we were in compliance with at December 31, 2019. A $6 million loss was incurred on the early redemption of debt and is recorded in other expense. 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, September 2020 notes, October 2021 notes and April 2023 notes increased 0.25% during the year. In November 2019, Moody's and Standard and Poor's lowered the credit rating of our unsecured notes and the interest rates on the October 2021 notes, May 2022 notes and April 2023 notes will increase an additional 0.50% in the second quarter of 2020. Annual maturities of outstanding debt at December 31, 2019 are as follows: 2020 $ 20,108 2021 620,000 2022 430,000 2023 440,000 2024 795,000 Thereafter 460,841 Total $ 2,765,949 In December 2019, we obtained commitments for a five-year $650 million term loan, and in February 2020, we obtained lender commitments for an additional $200 million . The combined commitment amount of $850 million is scheduled to mature January 2025 (the 2025 Term Loan). On February 10, 2020, we announced a cash tender offer to purchase up to $950 million aggregate principal amount of the October 2021 Notes, the May 2022 Notes, the April 2023 Notes and the March 2024 Notes (collectively, the Notes). On February 19, 2020, we funded the 2025 Term Loan and will use the net proceeds and the remaining proceeds from the sale of the Software Solutions business to redeem the Notes on or around February 24, 2020. The 2025 Term Loan bears interest at LIBOR plus 5.5% and resets monthly.

Retirement Plans and Postretire

Retirement Plans and Postretirement Medical Benefits	12 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
Retirement Plans and Postretirement Medical Benefits	Retirement Plans and Postretirement Medical Benefits We provide certain retirement benefits to our U.S. employees hired prior to January 1, 2005 and to eligible employees outside the U.S. under various defined benefit retirement plans. Benefit accruals under most of our significant defined benefit plans have been frozen. We also provide certain employer subsidized health care and employer provided life insurance benefits in the U.S. and Canada to eligible retirees and their dependents. Employees hired before January 1, 2005 in the U.S. and April 1, 2005 in Canada become eligible for retiree medical benefits after reaching age 55 and with the completion of the required service period. The cost of these benefits is recognized over the period the employee provides credited service to the company. Retirement Plans The benefit obligations and funded status of defined benefit pension plans are as follows: United States Foreign 2019 2018 2019 2018 Accumulated benefit obligation $ 1,612,551 $ 1,500,691 $ 745,658 $ 659,628 Projected benefit obligation Benefit obligation - beginning of year $ 1,501,140 $ 1,727,737 $ 662,644 $ 751,373 Service cost 83 92 1,543 2,159 Interest cost 63,171 61,490 17,853 18,089 Plan participants' contributions — — 6 7 Actuarial loss (gain) 160,390 (124,298 ) 68,385 (41,995 ) Foreign currency changes — — 25,452 (40,559 ) Plan amendments — — — 9,009 Settlements and curtailments (6,684 ) (82,273 ) (2,682 ) (6,703 ) Benefits paid (105,046 ) (81,608 ) (26,259 ) (28,736 ) Benefit obligation - end of year $ 1,613,054 $ 1,501,140 $ 746,942 $ 662,644 Fair value of plan assets Fair value of plan assets - beginning of year $ 1,327,034 $ 1,557,907 $ 562,517 $ 632,710 Actual return on plan assets 261,579 (73,745 ) 98,006 (17,043 ) Company contributions 10,135 6,753 10,085 10,939 Plan participants' contributions — — 6 7 Settlements and curtailments (6,684 ) (82,273 ) (1,773 ) — Foreign currency changes — — 25,726 (35,360 ) Benefits paid (105,046 ) (81,608 ) (26,259 ) (28,736 ) Fair value of plan assets - end of year $ 1,487,018 $ 1,327,034 $ 668,308 $ 562,517 Amounts recognized in the Consolidated Balance Sheets Noncurrent asset $ 383 $ 277 $ 20,020 $ 14,225 Current liability (9,019 ) (10,975 ) (1,313 ) (1,197 ) Noncurrent liability (117,401 ) (163,408 ) (97,341 ) (113,155 ) Funded status $ (126,037 ) $ (174,106 ) $ (78,634 ) $ (100,127 ) Information provided in the table below is only for pension plans with an accumulated benefit obligation in excess of plan assets at December 31, 2019 and 2018 : United States Foreign 2019 2018 2019 2018 Projected benefit obligation $ 1,612,745 $ 1,500,680 $ 615,288 $ 540,798 Accumulated benefit obligation $ 1,612,241 $ 1,500,231 $ 614,293 $ 538,666 Fair value of plan assets $ 1,486,325 $ 1,326,296 $ 516,634 $ 426,446 Pretax amounts recognized in AOCI consist of: United States Foreign 2019 2018 2019 2018 Net actuarial loss $ 772,850 $ 809,836 $ 315,319 $ 318,474 Prior service (credit) cost (270 ) (330 ) 8,317 8,496 Transition asset — — (11 ) (17 ) Total $ 772,580 $ 809,506 $ 323,625 $ 326,953 The components of net periodic benefit cost (income) for defined benefit pension plans were as follows: United States Foreign 2019 2018 2017 2019 2018 2017 Service cost $ 83 $ 92 $ 132 $ 1,543 $ 2,159 $ 2,274 Interest cost 63,171 61,490 68,611 17,853 18,089 18,836 Expected return on plan assets (92,726 ) (101,087 ) (97,656 ) (34,363 ) (35,687 ) (32,242 ) Amortization of net transition asset — — — (6 ) (7 ) (8 ) Amortization of prior service (credit) cost (60 ) (60 ) (60 ) 243 (71 ) (71 ) Amortization of net actuarial loss 26,146 31,298 28,954 6,337 7,264 8,052 Special termination benefits — — — — 208 — Settlements and curtailments 2,381 44,665 — 397 (13 ) — Net periodic benefit (income) cost $ (1,005 ) $ 36,398 $ (19 ) $ (7,996 ) $ (8,058 ) $ (3,159 ) In connection with the disposition of the Production Mail Business and certain other actions, a pre-tax, non-cash pension settlement charge of $45 million for the U.S. pension plans was incurred in 2018. We recognized $32 million of this charge in other components of net pension and postretirement cost and the remaining $13 million in income from discontinued operations, net of tax. Other changes in plan assets and benefit obligations for defined benefit pension plans recognized in other comprehensive income were as follows: United States Foreign 2019 2018 2019 2018 Net actuarial (gain) loss $ (8,459 ) $ 50,534 $ 3,643 $ 3,824 Plan amendment — — — 9,009 Amortization of net actuarial loss (26,146 ) (31,298 ) (6,337 ) (7,264 ) Amortization of prior service credit (cost) 60 60 (243 ) 71 Net transition asset — — 6 7 Settlements and curtailments (2,381 ) (44,665 ) (397 ) 13 Total recognized in other comprehensive income $ (36,926 ) $ (25,369 ) $ (3,328 ) $ 5,660 Weighted-average actuarial assumptions used to determine end of year benefit obligations and net periodic benefit cost for defined benefit pension plans include: 2019 2018 2017 United States Used to determine benefit obligations Discount rate 3.34% 4.34% 3.69% Rate of compensation increase N/A N/A N/A Used to determine net periodic benefit cost Discount rate 4.34% 3.69% 4.20% Expected return on plan assets 6.75% 7.00% 6.75% Rate of compensation increase N/A N/A N/A Foreign Used to determine benefit obligations Discount rate 0.65 % - 2.95% 0.75 % - 3.55% 0.65 % - 3.35% Rate of compensation increase 1.50 % - 2.50% 1.50 % - 2.50% 1.50 % - 2.50% Used to determine net periodic benefit cost Discount rate 0.75 % - 3.55% 0.65 % - 3.35% 0.70 % - 3.65% Expected return on plan assets 4.25 % - 6.25% 3.75 % - 6.25% 3.75 % - 6.25% Rate of compensation increase 1.50 % - 2.50% 1.50 % - 3.25% 1.50 % - 3.30% A discount rate is used to determine the present value of our future benefit obligations. The discount rate for our U.S. pension and postretirement medical benefit plans is determined by matching the expected cash flows associated with our benefit obligations to a pool of corporate long-term, high-quality fixed income debt instruments available as of the measurement date. The discount rate for our largest foreign plan, the U.K. Qualified Pension Plan (the U.K. Plan), is determined by using a model that discounts each year's estimated benefit payments by an applicable spot rate derived from a yield curve created from a large number of high quality corporate bonds. For our other smaller foreign pension plans, the discount rate is selected based on high-quality fixed income indices available in the country in which the plan is domiciled. The expected return on plan assets is based on historical and expected rates of return for current and planned asset classes in the plans' investment portfolio after analyzing historical experience and future expectations of the returns and volatility of the various asset classes. The overall expected rate of return for the portfolio is based on the target asset allocation of our global pension plans, adjusted for historical and expected experience of active portfolio management results, when compared to the benchmark returns. During 2020 , we estimate making contributions of $9 million to our U.S. pension plans and $10 million to our foreign pension plans. Investment Strategy and Asset Allocation - U.S. Pension Plans The investment strategy of our U.S. pension plans is to maximize returns within reasonable and prudent levels of risk, to achieve and maintain full funding of the accumulated benefit obligation and the actuarial liabilities and to earn an expected rate of return. Pension plan assets are invested in accordance with our strategic asset allocation policy to achieve these objectives. Pension plan assets are exposed to various risks, such as interest rate, market and credit risks. Investments are diversified across asset classes and within each class to reduce the risk of large losses and are periodically rebalanced. Derivatives, such as swaps, options, forwards and futures contracts may be used for market exposure, to alter risk/return characteristics and to manage foreign currency exposure. We do not have any significant concentrations of credit risk within the plan assets. Investment objectives and investment managers are reviewed periodically. Target and actual asset allocations for the U.S. pension plans were as follows: Target allocation Percent of Plan Assets at December 31, 2020 2019 2018 Asset category Equities 30 % 30 % 26 % Fixed income 63 % 63 % 64 % Real estate 5 % 5 % 7 % Private equity 2 % 2 % 3 % Total 100 % 100 % 100 % Investment Strategy and Asset Allocation - Foreign Pension Plans Our foreign pension plan assets are managed by outside investment managers and monitored regularly by local trustees and our corporate personnel. Investment strategies vary by country and plan, with each strategy tailored to achieve the expected rate of return within an appropriate risk level, depending upon the liability profile of plan participants, local funding requirements, investment markets and restrictions. The U.K. Plan comprises 77% of the total foreign pension plan assets. The U.K. pension plan's investment strategy is to maximize returns within reasonable and prudent levels of risk, to achieve and maintain full funding of the accumulated benefit obligation and the actuarial liabilities and to earn an expected rate of return. Plan assets are invested in accordance with our strategic asset allocation policy to achieve these objectives. Pension plan assets are exposed to various risks, such as interest rate, market and credit risks. Investments are diversified across asset classes and within each class to minimize the risk of large losses and are periodically rebalanced. Derivatives, such as swaps, options, forwards and futures contracts may be used for market exposure, to alter risk/return characteristics and to manage currency exposure. We do not have any significant concentrations of credit risk within the plan assets. Investment objectives and investment managers are reviewed periodically. Target and actual asset allocations for the U.K. Plan were as follows: Target Allocation Percent of Plan Assets at December 31, 2020 2019 2018 Asset category Equities 30 % 35 % 38 % Fixed income 50 % 46 % 41 % Real estate 10 % 9 % 10 % Diversified growth 10 % 9 % 10 % Cash — % 1 % 1 % Total 100 % 100 % 100 % The target asset allocation used to manage the investment portfolios is based on the broad asset categories shown above. The plan asset categories presented in the fair value hierarchy are subsets of the broad asset categories. The fair value of the U.K. plan assets was $516 million and $426 million at December 31, 2019 and 2018 , respectively, and the expected long-term weighted average rate of return on these plan assets was 6.25% in both 2019 and 2018 . Fair Value Measurements of Plan Assets The following tables show the U.S. and foreign pension plans' assets: United States Pension Plans December 31, 2019 Level 1 Level 2 Level 3 Total Money market funds $ — $ 4,917 $ — $ 4,917 Equity securities — 265,832 — 265,832 Commingled fixed income securities — 275,335 — 275,335 Government and related securities 292,506 15,764 — 308,270 Corporate debt securities — 528,425 — 528,425 Mortgage-backed securities /asset-backed securities — 51,770 — 51,770 Private equity — — 23,608 23,608 Real estate — — 71,337 71,337 Securities lending collateral — 106,886 — 106,886 Total plan assets at fair value $ 292,506 $ 1,248,929 $ 94,945 $ 1,636,380 Securities lending payable (106,886 ) Cash 9,409 Other (51,885 ) Fair value of plan assets $ 1,487,018 December 31, 2018 Level 1 Level 2 Level 3 Total Money market funds $ 3,498 $ 5,759 $ — $ 9,257 Equity securities 110,840 109,864 — 220,704 Commingled fixed income securities — 281,258 — 281,258 Government and related securities 258,535 16,144 — 274,679 Corporate debt securities — 435,285 — 435,285 Mortgage-backed securities /asset-backed securities — 23,474 — 23,474 Private equity — — 32,750 32,750 Real estate — — 96,877 96,877 Securities lending collateral — 117,603 — 117,603 Total plan assets at fair value $ 372,873 $ 989,387 $ 129,627 $ 1,491,887 Securities lending payable (117,603 ) Cash 11,341 Other (58,591 ) Fair value of plan assets $ 1,327,034 Foreign Plans December 31, 2019 Level 1 Level 2 Level 3 Total Money market funds $ — $ 8,734 $ — $ 8,734 Equity securities — 222,554 — 222,554 Commingled fixed income securities — 264,131 — 264,131 Government and related securities — 43,405 — 43,405 Corporate debt securities — 34,528 — 34,528 Real estate — — 45,335 45,335 Diversified growth funds — — 47,621 47,621 Total plan assets at fair value $ — $ 573,352 $ 92,956 $ 666,308 Cash 1,516 Other 484 Fair value of plan assets $ 668,308 December 31, 2018 Level 1 Level 2 Level 3 Total Money market funds $ — $ 11,172 $ — $ 11,172 Equity securities — 194,914 — 194,914 Commingled fixed income securities — 198,902 — 198,902 Government and related securities — 40,055 — 40,055 Corporate debt securities — 29,996 — 29,996 Real estate — — 42,143 42,143 Diversified growth funds — — 40,766 40,766 Total plan assets at fair value $ — $ 475,039 $ 82,909 $ 557,948 Cash 3,903 Other 666 Fair value of plan assets $ 562,517 The following information relates to our classification of investments into the fair value hierarchy: • 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. • Equity Securities: include U.S. and foreign stocks, American Depository Receipts, preferred stock and commingled funds. There are no shares of our common stock included in the plan assets of our pension plans. • Commingled Fixed Income Securities: mutual funds that invest in fixed income securities of the U.S. government and its agencies, corporate debt, mortgage-backed securities and asset-backed securities. Fair value is based on the market 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. • Government and Related Securities: include treasury notes and bonds, foreign government issues, U.S. government sponsored agency debt and commingled funds. Municipal debt securities include general obligation securities and revenue-backed securities. Fair value is based on benchmarking model derived prices to quoted market prices and trade data for identical comparable securities. • Corporate Debt Securities : comprised of both investment grade debt and high-yield debt. Fair value is determined using recently executed transactions, market price quotations where observable, or bond spreads. • Mortgage-Backed Securities / Asset-Backed Securities : mortgage-backed securities (MBS) are comprised of agency-backed MBS, non-agency MBS, collateralized mortgage obligations, commercial MBS and commingled funds. Asset-backed securities (ABS) are primarily comprised of credit card receivables, auto loan receivables, student loan receivables and Small Business Administration loans. These securities are valued based on external pricing indices, external price/spread data or broker quotes. • Private Equity : comprised of units in fund-of-funds investment vehicles. Fund-of-funds consist of various private equity investments and are used in an effort to gain greater diversification. Investments are valued in accordance with the most appropriate valuation techniques. • Real Estate: include units in open-ended commingled real estate funds. Investments are valued in accordance with the most appropriate valuation techniques. • Diversified Growth Funds: comprised of units in commingled diversified growth funds. Investments are valued based on the net asset value (NAV) per unit as reported by the fund manager. • Securities Lending Fund: represents a commingled fund through our custodian's securities lending program. The U.S. pension plan lends securities that are held within the plan to other banks and/or brokers, and receives collateral, typically cash. This collateral is invested in a short-term fixed income securities commingled fund. This amount invested in the fund is offset by a corresponding liability reflected in the U.S. pension plan's net assets available for benefits. Level 3 Gains and Losses The following table summarizes the changes in the fair value of Level 3 assets: United States Pension Plans Private equity Real estate Total Balance at December 31, 2017 $ 38,362 $ 91,352 $ 129,714 Realized gains 8,264 1,001 9,265 Unrealized (losses) gains (1,409 ) 4,462 3,053 Net purchases, sales and settlements (12,467 ) 62 (12,405 ) Balance at December 31, 2018 32,750 96,877 129,627 Realized gains 5,625 14,876 20,501 Unrealized losses (5,288 ) (12,517 ) (17,805 ) Net purchases, sales and settlements (9,479 ) (27,899 ) (37,378 ) Balance at December 31, 2019 $ 23,608 $ 71,337 $ 94,945 Foreign Pension Plans Real estate Diversified growth funds Total Balance at December 31, 2017 $ 41,601 $ 44,024 $ 85,625 Unrealized gains (losses) 1,317 (4,948 ) (3,631 ) Net purchases, sales and settlements 1,653 4,090 5,743 Foreign currency (2,428 ) (2,400 ) (4,828 ) Balance at December 31, 2018 42,143 40,766 82,909 Unrealized (losses) gains (799 ) 4,954 4,155 Net purchases, sales and settlements 1,618 107 1,725 Other 687 — 687 Foreign currency 1,686 1,794 3,480 Balance at December 31, 2019 $ 45,335 $ 47,621 $ 92,956 Nonpension Postretirement Benefits The benefit obligation and funded status for nonpension postretirement benefit plans are as follows: 2019 2018 Benefit obligation Benefit obligation - beginning of year $ 166,476 $ 188,841 Service cost 967 1,405 Interest cost 6,584 6,640 Plan participants' contributions 3,003 3,200 Actuarial loss (gain) 6,930 (11,304 ) Foreign currency changes 674 (1,177 ) Curtailment — (533 ) Benefits paid (20,530 ) (20,596 ) Benefit obligation - end of year (1) $ 164,104 $ 166,476 Fair value of plan assets Fair value of plan assets - beginning of year $ — $ — Company contribution 17,527 17,396 Plan participants' contributions 3,003 3,200 Benefits paid (20,530 ) (20,596 ) Fair value of plan assets - end of year $ — $ — Amounts recognized in the Consolidated Balance Sheets Current liability $ (16,132 ) $ (17,013 ) Non-current liability (147,972 ) (149,463 ) Funded status $ (164,104 ) $ (166,476 ) (1) The benefit obligation for U.S. nonpension postretirement plans was $150 million and $154 million at December 31, 2019 and 2018 , respectively. Pretax amounts recognized in AOCI consist of: 2019 2018 Net actuarial loss $ 33,272 $ 28,368 Prior service cost 502 823 Total $ 33,774 $ 29,191 The components of net periodic benefit cost for nonpension postretirement benefit plans were as follows: 2019 2018 2017 Service cost $ 967 $ 1,405 $ 1,727 Interest cost 6,584 6,640 7,100 Amortization of prior service cost 321 304 297 Amortization of net actuarial loss 2,026 3,048 3,600 Curtailment — 246 — Net periodic benefit cost $ 9,898 $ 11,643 $ 12,724 Other changes in plan assets and benefit obligation for nonpension postretirement benefit plans recognized in other comprehensive income were as follows: 2019 2018 Net actuarial loss (gain) $ 6,931 $ (11,837 ) Curtailment — (246 ) Amortization of net actuarial loss (2,026 ) (3,048 ) Amortization of prior service cost (321 ) (304 ) Total recognized in other comprehensive income $ 4,584 $ (15,435 ) The weighted-average discount rates used to determine end of year benefit obligation and net periodic pension cost include: 2019 2018 2017 Discount rate used to determine benefit obligation U.S. 3.20 % 4.20 % 3.55 % Canada 3.00 % 3.60 % 3.35 % Discount rate used to determine net period benefit cost U.S. 4.20 % 3.55 % 3.90 % Canada 3.60 % 3.35 % 3.65 % The assumed health care cost trend rate used in measuring the accumulated postretirement benefit obligation for the U.S. plan was 6.5% for 2019 and 7.0% for 2018 . The assumed health care trend rate is 7.0% for 2020 and will gradually decline to 5.0% by the year 2028 and remain at that level thereafter. Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plans. Estimated Future Benefit Payments The following benefit payments, which reflect expected future service, are expected to be paid. Pension Benefits Nonpension Benefits 2020 $ 131,577 $ 16,129 2021 125,439 15,480 2022 124,142 14,756 2023 124,559 13,592 2024 121,767 12,500 Thereafter 600,327 53,101 $ 1,227,811 $ 125,558 Savings Plans We offer voluntary defined contribution plans to our U.S. employees designed to help them accumulate additional savings for retirement. We provide a core contribution to all employees, regardless if they participate in the plan, and match a portion of each participating employees' contribution, based on eligible pay. Total contributions to our defined contribution plans were $28 million in 2019 and $31 million in 2018 .

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income from continuing operations before taxes consisted of the following: Years Ended December 31, 2019 2018 2017 U.S. $ 910 $ 109,393 $ 135,636 International 26,232 78,728 58,062 Total $ 27,142 $ 188,121 $ 193,698 The (benefit) provision for income taxes from continuing operations consisted of the following: Years Ended December 31, 2019 2018 2017 U.S. Federal: Current $ (18,789 ) $ (56,743 ) $ 25,774 Deferred 11,577 61,514 (23,863 ) (7,212 ) 4,771 1,911 U.S. State and Local: Current (9,142 ) (12,214 ) (3,022 ) Deferred 8,043 866 13,426 (1,099 ) (11,348 ) 10,404 International: Current 9,993 11,308 (7,679 ) Deferred (14,689 ) 1,685 9,023 (4,696 ) 12,993 1,344 Total current (17,938 ) (57,649 ) 15,073 Total deferred 4,931 64,065 (1,414 ) Total (benefit) provision for income taxes $ (13,007 ) $ 6,416 $ 13,659 Effective tax rate (47.9 )% 3.4 % 7.1 % The effective tax rate for 2019 includes benefits of $23 million from the release of a foreign valuation allowance and $9 million from the resolution of certain tax examinations. The effective tax rate for 2019 also includes a tax of $3 million on the $18 million book loss from Market Exits, primarily due to nondeductible basis differences. The effective tax rate for 2018 includes tax benefits of $ 37 million related to true-ups from the Tax Cuts and Jobs Act of 2017 and $ 17 million from the resolution of certain tax examinations. The effective tax rate for 2017 includes provisional tax benefits of $39 million from the Tax Cuts and Jobs Act of 2017 and $ 30 million from the resolution of tax examinations. A reconciliation of income taxes computed at the federal statutory rate and our provision for income taxes consist of the following: Years Ended December 31, 2019 2018 2017 Federal statutory provision $ 5,700 $ 39,505 $ 67,794 State and local income taxes (1) (868 ) 1,292 3,739 Impact of foreign operations taxed at rates other than the U.S. statutory rate (2) (18,541 ) (2,483 ) (12,054 ) Accrual/release of uncertain tax amounts related to foreign operations 191 (4,595 ) (17,919 ) U.S. tax impacts of foreign income in the U.S. 5,587 5,854 1,750 Tax incentives/credits/exempt income (5,437 ) 3,526 (14,587 ) Unrealized stock compensation benefits 2,176 1,941 3,778 Remeasurement of U.S. deferred taxes — (13,121 ) (108,176 ) U.S. tax on unremitted earnings — (23,711 ) 90,916 Other, net (3) (1,815 ) (1,792 ) (1,582 ) (Benefit) provision for income taxes $ (13,007 ) $ 6,416 $ 13,659 (1) Includes release of tax uncertainties of $(3) million , $(9) million and $(3) million for the years ended December 31, 2019, 2018 and 2017, respectively. (2) Includes foreign valuation allowance release of $23 million and $3 million tax on Market Exits for the year ended December 31, 2019. (3) Includes $1 million benefit related to interest for the year ended December 31, 2019. Deferred tax liabilities and assets consisted of the following: December 31, 2019 2018 Deferred tax liabilities: Depreciation $ (69,222 ) $ (71,757 ) Deferred profit (for tax purposes) on sale to finance subsidiary (30,791 ) (41,951 ) Lease revenue and related depreciation (174,083 ) (149,176 ) Intangible assets (88,024 ) (98,707 ) Other (24,941 ) (34,425 ) Gross deferred tax liabilities (387,061 ) (396,016 ) Deferred tax assets: Nonpension postretirement benefits 41,015 42,422 Pension 43,763 60,063 Inventory and equipment capitalization 2,735 6,042 Restructuring charges 2,944 5,064 Long-term incentives 12,929 11,517 Net operating loss 82,673 106,029 Tax credit carry forwards 64,430 64,148 Tax uncertainties gross-up 6,577 6,692 Other 38,247 46,623 Gross deferred tax assets 295,313 348,600 Less: Valuation allowance (110,781 ) (142,496 ) Net deferred tax assets 184,532 206,104 Total deferred taxes, net $ (202,529 ) $ (189,912 ) A valuation allowance is recognized to reduce deferred tax assets to an amount that will more-likely-than-not be realized. The valuation allowance relates primarily to certain foreign, state and local net operating loss and tax credit carryforwards that will more-likely-than-not expire unutilized. We have net operating loss carryforwards of $162 million as of December 31, 2019 , of which $145 million can be carried forward indefinitely and the remainder expire over the next 20 years. In addition, we have tax credit carryforwards of $64 million , of which $52 million can be carried forward indefinitely and the remainder expire over the next 13 years. As of December 31, 2019, we assert that we are no longer permanently reinvested in $421 million of post-1986 earnings generated from non-U.S. subsidiaries, which were subject to the deemed repatriation toll charge under the Act. We continue to be permanently reinvested in our remaining undistributed earnings of $261 million as well as other outside basis differences. While a determination of the full liability that would be incurred if these earnings were repatriated is not practical, we have estimated the withholding taxes would be approximately $3 million . Uncertain Tax Positions A reconciliation of the amount of unrecognized tax benefits is as follows: 2019 2018 2017 Balance at beginning of year $ 71,458 $ 89,767 $ 124,728 Increases from prior period positions 510 88 528 Decreases from prior period positions (9,711 ) (15,145 ) (31,470 ) Increases from current period positions 5,052 6,001 5,951 Decreases relating to settlements with tax authorities (2,626 ) (4,844 ) (6,953 ) Reductions from lapse of applicable statute of limitations (4,381 ) (4,409 ) (3,017 ) Balance at end of year $ 60,302 $ 71,458 $ 89,767 The amount of the unrecognized tax benefits at December 31, 2019 , 2018 and 2017 that would affect the effective tax rate if recognized was $54 million , $65 million and $74 million , respectively. On a regular basis, we conclude tax return examinations, statutes of limitations expire, and court decisions interpret tax law. We regularly assess tax uncertainties in light of these developments. As a result, it is reasonably possible that the amount of our unrecognized tax benefits will decrease in the next 12 months, and we expect this change could be up to 15% of our unrecognized tax benefits. We recognize interest and penalties related to uncertain tax positions in our provision for income taxes. We recognized interest and penalties of $(1) million , $(1) million and $(4) million related to uncertain tax positions in the provision for income taxes for the years ended December 31, 2019 , 2018 and 2017 respectively. We had $3 million and $4 million accrued for the payment of interest and penalties at December 31, 2019 and 2018 , respectively. Other Tax Matters As is the case with other large corporations, our tax returns are examined each year by tax authorities in the U.S. and other global taxing jurisdictions in which we have operations. The IRS examinations of our consolidated U.S. income tax returns for tax years prior to 2017 are closed to audit; however, various post-2011 U.S. state and local tax returns are still subject to examination. In Canada, the examination of our tax filings prior to 2015 are closed to audit. Other significant jurisdictions include France (closed through 2014), Germany (closed through 2016) and the U.K. (closed through 2016, except for an item under appeal). We also have other less significant tax filings currently subject to examination. We regularly assess the likelihood of tax adjustments in each of the tax jurisdictions in which we have operations and account for the related financial statement implications. We believe we have established tax reserves that are appropriate given the possibility of tax adjustments. However, determining the appropriate level of tax reserves requires judgment regarding the uncertain application of tax law and the possibility of tax adjustments. Future changes in tax reserve requirements could have a material impact, positive or negative, on our results of operations, financial position and cash flows.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 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, clients or others. In management's opinion, it is not reasonably possible that the potential liability, if any, that may result from these actions, either individually or collectively, will have a material effect on our financial position, results of operations or cash flows. 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, and the time for plaintiff to appeal or amend the complaint has expired. 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. Defendants have moved to dismiss these actions; given that the defendants have prevailed in the Livonia action, plaintiffs in these cases have conceded that these cases should be dismissed.

Leased Assets and Liabilities

Leased Assets and Liabilities	12 Months Ended
	Dec. 31, 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 , and may include an 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, including 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 operating and financing leases are as follows: Leases Balance Sheet Location December 31, 2019 December 31, 2018 Assets Operating Operating lease assets $ 200,752 $ 152,554 Finance Property, plant and equipment, net 10,443 10,683 Total leased assets $ 211,195 $ 163,237 Liabilities Operating Current operating lease liabilities $ 36,060 $ 35,208 Noncurrent operating lease liabilities 177,711 125,294 Finance Accounts payable and accrued liabilities 2,879 2,708 Other noncurrent liabilities 7,927 7,054 Total lease liabilities $ 224,577 $ 170,264 Years Ended December 31, Lease Cost 2019 2018 2017 Operating lease expense $ 48,503 $ 43,727 $ 41,676 Finance lease expense Amortization of leased assets 3,372 2,697 2,295 Interest on lease liabilities 700 527 465 Variable lease expense 23,188 21,864 20,838 Sublease income (1,948 ) (1,735 ) (736 ) Total expense $ 73,815 $ 67,080 $ 64,538 Operating lease expense includes immaterial amounts related to leases with terms of 12 months or less. Future Lease Payments Operating Leases Finance Leases Total 2020 $ 47,632 $ 3,525 $ 51,157 2021 42,244 3,133 45,377 2022 33,945 2,560 36,505 2023 27,122 1,899 29,021 2024 23,165 1,042 24,207 Thereafter 97,867 277 98,144 Total 271,975 12,436 284,411 Less: present value discount 58,204 1,630 59,834 Lease liability $ 213,771 $ 10,806 $ 224,577 At December 31, 2019, there were no operating leases signed but not yet commenced. Lease Term and Discount Rate December 31, 2019 December 31, 2018 Weighted-average remaining lease term Operating leases 7.7 years 7.2 years Finance leases 3.9 years 4.1 years Weighted-average discount rate Operating leases 6.1% 4.5% Finance leases 6.8% 6.2% Years Ended December 31, Cash Flow Information 2019 2018 2017 Operating cash outflows - operating leases $ 44,252 $ 40,599 $ 39,192 Operating cash outflows - finance leases $ 700 $ 527 $ 465 Financing cash outflows - finance leases $ 3,096 $ 2,564 $ 2,185 Leased assets obtained in exchange for new lease obligations Operating leases $ 87,160 $ 36,260 $ 33,788 Finance leases $ 4,072 $ 5,715 $ 3,325
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 , and may include an 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, including 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 operating and financing leases are as follows: Leases Balance Sheet Location December 31, 2019 December 31, 2018 Assets Operating Operating lease assets $ 200,752 $ 152,554 Finance Property, plant and equipment, net 10,443 10,683 Total leased assets $ 211,195 $ 163,237 Liabilities Operating Current operating lease liabilities $ 36,060 $ 35,208 Noncurrent operating lease liabilities 177,711 125,294 Finance Accounts payable and accrued liabilities 2,879 2,708 Other noncurrent liabilities 7,927 7,054 Total lease liabilities $ 224,577 $ 170,264 Years Ended December 31, Lease Cost 2019 2018 2017 Operating lease expense $ 48,503 $ 43,727 $ 41,676 Finance lease expense Amortization of leased assets 3,372 2,697 2,295 Interest on lease liabilities 700 527 465 Variable lease expense 23,188 21,864 20,838 Sublease income (1,948 ) (1,735 ) (736 ) Total expense $ 73,815 $ 67,080 $ 64,538 Operating lease expense includes immaterial amounts related to leases with terms of 12 months or less. Future Lease Payments Operating Leases Finance Leases Total 2020 $ 47,632 $ 3,525 $ 51,157 2021 42,244 3,133 45,377 2022 33,945 2,560 36,505 2023 27,122 1,899 29,021 2024 23,165 1,042 24,207 Thereafter 97,867 277 98,144 Total 271,975 12,436 284,411 Less: present value discount 58,204 1,630 59,834 Lease liability $ 213,771 $ 10,806 $ 224,577 At December 31, 2019, there were no operating leases signed but not yet commenced. Lease Term and Discount Rate December 31, 2019 December 31, 2018 Weighted-average remaining lease term Operating leases 7.7 years 7.2 years Finance leases 3.9 years 4.1 years Weighted-average discount rate Operating leases 6.1% 4.5% Finance leases 6.8% 6.2% Years Ended December 31, Cash Flow Information 2019 2018 2017 Operating cash outflows - operating leases $ 44,252 $ 40,599 $ 39,192 Operating cash outflows - finance leases $ 700 $ 527 $ 465 Financing cash outflows - finance leases $ 3,096 $ 2,564 $ 2,185 Leased assets obtained in exchange for new lease obligations Operating leases $ 87,160 $ 36,260 $ 33,788 Finance leases $ 4,072 $ 5,715 $ 3,325

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders' Equity Common and Treasury Stock The following table summarizes the changes in shares of Common Stock outstanding and Treasury Stock: Common Stock Outstanding Treasury Stock Balance at December 31, 2016 185,668,718 137,669,194 Issuance of common stock 881,480 (881,480 ) Conversions to common stock 53,540 (53,540 ) Balance at December 31, 2017 186,603,738 136,734,174 Issuance of common stock 1,043,809 (1,043,809 ) Conversions to common stock 27,535 (27,535 ) Balance at December 31, 2018 187,675,082 135,662,830 Repurchases of common stock (18,595,315 ) 18,595,315 Issuance of common stock 1,276,797 (1,276,797 ) Conversions to common stock 92,379 (92,379 ) Balance at December 31, 2019 170,448,943 152,888,969 Preferred and Preference Stock In June 2019, we redeemed all outstanding shares of the 4% Convertible Cumulative Preferred Stock and the $2.12 Convertible Preference Stock . At December 31, 2019 , 37,116,835

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Reclassifications out of accumulated other comprehensive loss were as follows: Amounts Reclassified from AOCI (a) Years Ended December 31, 2019 2018 2017 Gain (loss) on cash flow hedges Revenue $ 72 $ 11 $ (179 ) Cost of sales 104 51 (32 ) Interest expense — (1,183 ) (2,028 ) Loss on extinguishment of debt — (1,267 ) — Total before tax 176 (2,388 ) (2,239 ) Tax provision (benefit) 44 (941 ) (872 ) Net of tax $ 132 $ (1,447 ) $ (1,367 ) Gain (loss) on available for sale securities Interest income (expense) $ 1,079 $ 3,244 $ (520 ) Tax provision (benefit) 270 821 (201 ) Net of tax $ 809 $ 2,423 $ (319 ) Pension and Postretirement Benefit Plans (b) Transition asset $ 6 $ 7 $ 8 Prior service costs (504 ) (173 ) (166 ) Actuarial losses (34,509 ) (41,610 ) (40,606 ) Settlement (2,778 ) (44,898 ) — Total before tax (37,785 ) (86,674 ) (40,764 ) Tax benefit (9,497 ) (21,675 ) (13,936 ) Net of tax $ (28,288 ) $ (64,999 ) $ (26,828 ) (a) Amounts in parentheses indicate reductions to income and increases to other comprehensive income. (b) Reclassified from accumulated other comprehensive loss to other components of net pension and postretirement cost. These amounts are included in net periodic costs for defined benefit pension plans and nonpension postretirement benefit plans (see Note 14 for additional details). Changes in accumulated other comprehensive income (loss) were as follows: Cash flow hedges Available-for-sale securities Pension and postretirement benefit plans Foreign currency adjustments Total Balance January 1, 2017 $ (1,485 ) $ 120 $ (787,813 ) $ (150,955 ) $ (940,133 ) Other comprehensive loss before reclassifications (a) (288 ) 1,158 12,185 103,624 116,679 Amounts reclassified from accumulated other comprehensive loss (a), (b) 1,367 319 26,828 — 28,514 Net other comprehensive income (loss) 1,079 1,477 39,013 103,624 145,193 Balance at December 31, 2017 (406 ) 1,597 (748,800 ) (47,331 ) (794,940 ) Cumulative effect of accounting change (87 ) 344 (116,490 ) — (116,233 ) Restated balance at December 31, 2017 (493 ) 1,941 (865,290 ) (47,331 ) (911,173 ) Other comprehensive loss before reclassifications (a) (763 ) (2,579 ) (46,170 ) (52,299 ) (101,811 ) Amounts reclassified from accumulated other comprehensive loss (a), (b) 1,447 (2,423 ) 64,999 — 64,023 Net other comprehensive income (loss) 684 (5,002 ) 18,829 (52,299 ) (37,788 ) Balance at December 31, 2018 191 (3,061 ) (846,461 ) (99,630 ) (948,961 ) Other comprehensive loss before reclassifications (a) 278 6,719 (845 ) 75,319 81,471 Amounts reclassified from accumulated other comprehensive loss (a), (b) (132 ) (809 ) 28,288 — 27,347 Net other comprehensive loss 146 5,910 27,443 75,319 108,818 Balance at December 31, 2019 $ 337 $ 2,849 $ (819,018 ) $ (24,311 ) $ (840,143 ) (a) Amounts are net of tax. Amounts in parentheses indicate debits to AOCI. (b) See table above for additional details of these reclassifications.

Stock-Based Compensation Plans

Stock-Based Compensation Plans	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation Plans	Stock-Based Compensation Plans We have a long-term incentive program whereby eligible employees may be granted restricted stock units, non-qualified stock options and performance stock units. The Executive Compensation Committee of the Board of Directors administers these plans. We settle stock awards with treasury shares. At December 31, 2019 , there were 16,668,426 shares available for future grants under our long-term incentive program. Restricted Stock Units Restricted stock units (RSUs) entitle the holder to shares of common stock as the units vest, typically over a three -year service period. The following table summarizes information about RSUs: 2019 2018 Shares Weighted average grant date fair value Shares Weighted average grant date fair value Outstanding - beginning of the year 3,228,339 $ 13.33 2,651,053 $ 14.16 Granted 3,113,886 6.56 1,754,098 12.36 Vested (1,360,219 ) 11.90 (963,010 ) 11.41 Forfeited (501,159 ) 8.71 (213,802 ) 13.26 Outstanding - end of the year 4,480,847 $ 9.51 3,228,339 $ 13.33 The fair value of RSUs is determined based on the stock price on the grant date less the present value of expected dividends. At December 31, 2019 , there was $13 million of unrecognized compensation cost related to RSUs that is expected to be recognized over a weighted-average period of 1.6 years . The intrinsic value of RSUs outstanding at December 31, 2019 was $18 million . The intrinsic value of RSUs vested during 2019 , 2018 and 2017 was $16 million , $17 million and $26 million , respectively. The fair value of RSUs vested during 2019 , 2018 and 2017 was $18 million , $18 million and $14 million , respectively. During 2017 , we granted 1,995,473 RSUs at a weighted average fair value of $13.24 . In 2019 and 2018 , we granted 155,709 and 131,420 RSUs, respectively, to non-employee directors. These RSUs vest one year from the grant date. Performance Stock Units Performance stock units (PSUs) are stock awards where the number of shares ultimately received by the employee is conditional upon the attainment of certain performance targets as well as total shareholder return relative to peer companies. PSUs vest at the end of a three -year service period and the actual number of shares awarded may range from 0% to 200% of the target award. However, the final determination of the number of shares to be issued is made by our Board of Directors, who may reduce, but not increase, the number of shares to be awarded (negative discretion). PSUs are accounted for as variable awards until the end of the service period when the grant date is established. The following table summarizes share information about PSUs: 2019 2018 Shares Weighted average grant date fair value Shares Weighted average grant date fair value Outstanding - beginning of the year 1,653,004 $ 13.08 1,145,025 $ 13.43 Granted 1,368,182 6.60 733,148 12.64 Vested — — (91,493 ) 12.21 Forfeited (242,824 ) 9.65 (133,676 ) 14.26 Outstanding - end of the year 2,778,362 $ 10.09 1,653,004 $ 13.08 Share-based compensation expense for PSUs is recognized ratably over the service period based on the number shares expected to be awarded and the fair value of an award. The fair value of PSUs is determined using a Monte Carlo simulation model. Due to the variability of these awards, significant fluctuations in share-based compensation expense for PSUs recognized from one period to the next are possible. Stock Options Stock options are granted at an exercise price equal to or greater than the stock price of our common stock on the grant date. Options vest ratably over three years and expire ten years from the grant date. At December 31, 2019 , there was $3 million of unrecognized compensation cost related to stock options that is expected to be recognized over a weighted-average period of 1.4 years . The intrinsic value of options outstanding and options exercisable at December 31, 2019 was not significant. There were no stock option exercises in 2019 , 2018 or 2017 . The following table summarizes information about stock option activity: 2019 2018 Shares Per share weighted average exercise prices Shares Per share weighted average exercise prices Options outstanding - beginning of the year 13,593,156 $ 15.30 10,495,039 $ 21.67 Granted 869,297 6.57 4,932,467 8.47 Canceled (533,921 ) 11.06 (258,509 ) 13.09 Expired (1,105,848 ) 24.75 (1,575,841 ) 36.86 Options outstanding - end of the year 12,822,684 $ 14.08 13,593,156 $ 15.30 Options exercisable - end of the year 7,288,614 $ 18.49 6,824,433 $ 20.23 The following table provides additional information about stock options outstanding and exercisable at December 31, 2019 : Options Outstanding Options Exercisable Range of per share exercise prices Shares Per share weighted-average exercise price Weighted-average remaining contractual life Shares Per share weighted-average exercise price Weighted-average remaining contractual life $4.32 - $8.55 3,855,770 $ 6.18 9.0 years — $ — — $12.64 - $19.45 6,001,756 14.36 6.6 years 4,323,456 14.86 6.2 years $21.54 - $26.07 2,965,158 23.77 1.6 years 2,965,158 23.77 1.6 years 12,822,684 $ 14.08 6.2 years 7,288,614 $ 18.49 4.3 years The fair value of stock options is determined using a Black-Scholes valuation model and requires assumptions be made regarding the expected stock price volatility, risk-free interest rate, life of the award and dividend yield. The expected stock price volatility is based on historical price changes of our stock. The risk-free interest rate is based on U.S. Treasuries with a term equal to the expected life of the award. The expected life of the award and expected dividend yield are based on historical experience. The following table lists the weighted average of assumptions used to calculate the fair value of stock options granted: Years Ended December 31, 2019 2018 2017 Expected dividend yield 3.0 % 9.9 % 5.7 % Expected stock price volatility 41.5 % 37.8 % 29.7 % Risk-free interest rate 2.5 % 2.8 % 2.3 % Expected life 5 years 7 years 7 years Weighted-average fair value per option granted $1.98 $1.26 $2.00 Fair value of options granted $1,722 $6,229 $5,107 Employee Stock Purchase Plan (ESPP) We maintain a non-compensatory ESPP that enables substantially all U.S. and Canadian employees to purchase shares of our common stock at an offering price of 95% of the average market price on the offering date. At no time will the exercise price be less than the lowest price permitted under Section 423 of the Internal Revenue Code. Employees purchased 258,838 shares and 218,424 shares in 2019 and 2018 , respectively. We have reserved 2,293,166

Quarterly Financial Data (unaud

Quarterly Financial Data (unaudited)	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Quarterly Financial Data (unaudited)	Quarterly Financial Data (unaudited) Beginning in the third quarter of 2019, Software Solutions was presented as a discontinued operation. Accordingly, amounts previously reported for the first and second quarters of 2019 and 2018 have been recast from what was previously reported in our quarterly filings on Form 10-Q. First Quarter Second Quarter Third Quarter Fourth Quarter Total 2019 Revenue $ 795,084 $ 788,573 $ 790,125 $ 831,343 $ 3,205,125 Cost of revenue 467,187 468,227 467,805 518,920 1,922,139 Operating expenses 322,620 287,312 341,870 304,042 1,255,844 Income (loss) from continuing operations before income taxes 5,277 33,034 (19,550 ) 8,381 27,142 Provision (benefit) for income taxes 7,820 3,724 (24,895 ) 344 (13,007 ) (Loss) income from continuing operations (2,543 ) 29,310 5,345 8,037 40,149 (Loss) income from discontinued operations (116 ) (5,613 ) (8,470 ) 168,659 154,460 Net (loss) income $ (2,659 ) $ 23,697 $ (3,125 ) $ 176,696 $ 194,609 Basic (loss) earnings per share (1) Continuing operations $ (0.01 ) $ 0.17 $ 0.03 $ 0.05 $ 0.23 Discontinued operations — (0.03 ) (0.05 ) 0.99 0.88 Net income $ (0.01 ) $ 0.13 $ (0.02 ) $ 1.04 $ 1.10 Diluted (loss) earnings per share (1) Continuing operations $ (0.01 ) $ 0.16 $ 0.03 $ 0.05 $ 0.23 Discontinued operations — (0.03 ) (0.05 ) 0.98 0.87 Net income $ (0.01 ) $ 0.13 $ (0.02 ) $ 1.03 $ 1.10 First Quarter Second Quarter Third Quarter Fourth Quarter Total 2018 Revenue $ 820,289 $ 773,538 $ 760,281 $ 857,414 $ 3,211,522 Cost of revenues 444,032 426,818 419,311 500,113 1,790,274 Operating expenses 310,300 308,077 295,782 318,968 1,233,127 Income from continuing operations before income taxes 65,957 38,643 45,188 38,333 188,121 Provision (benefit) for income taxes 17,498 2,205 (2,468 ) (10,819 ) 6,416 Income from continuing operations 48,459 36,438 47,656 49,152 181,705 Income from discontinued operations 11,511 15,157 32,621 817 60,106 Net income $ 59,970 $ 51,595 $ 80,277 $ 49,969 $ 241,811 Basic earnings per share (1) : Continuing operations $ 0.26 $ 0.19 $ 0.25 $ 0.26 $ 0.97 Discontinued operations 0.06 0.08 0.17 — 0.32 Net income $ 0.32 $ 0.28 $ 0.43 $ 0.27 $ 1.29 Diluted earnings per share (1): Continuing operations $ 0.26 $ 0.19 $ 0.25 $ 0.26 $ 0.96 Discontinued operations 0.06 0.08 0.17 — 0.32 Net income $ 0.32 $ 0.27 $ 0.43 $ 0.26 $ 1.28 (1) The sum of earnings per share amounts may not equal the totals due to rounding.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts and Reserves	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts and Reserves	Description Balance at beginning of year Additions charged to expense Deductions Balance at end of year Allowance for doubtful accounts 2019 $ 17,443 $ 16,345 $ (15,958 ) $ 17,830 2018 $ 14,319 $ 9,770 $ (6,646 ) $ 17,443 2017 $ 13,506 $ 7,426 $ (6,613 ) $ 14,319 Valuation allowance for deferred tax asset 2019 $ 142,496 $ 5,324 $ (37,038 ) $ 110,782 2018 $ 178,156 $ 3,682 $ (39,342 ) $ 142,496 2017 $ 127,095 $ 53,782 $ (2,721 ) $ 178,156

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Consolidated Financial Statements of Pitney Bowes Inc. and its wholly owned subsidiaries (we, us, our, or the company) have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP). Intercompany transactions and balances have been eliminated. Certain prior year amounts have been reclassified to conform to the current year presentation. Effective January 1, 2019, we adopted Accounting Standards Codification (ASC) 842, Leases (ASC 842) , using the modified retrospective transition approach with a cumulative effect adjustment. Prior periods have been recast to conform to the current period presentation. Discontinued operations includes the Software Solutions business, sold in December 2019 and the Production Mail business, sold in July 2018. All prior periods have been recast to report these operations as discontinued operations. See Note 4 for further details. 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. Additionally, we sold the direct operations and moved to a dealer model in six smaller international markets within SendTech Solutions (Market Exits) and recognized a pre-tax loss of $18 million in other expense. In connection with the sale, we recognized a receivable for the transfer of the lease portfolio in these international markets of $24 million . This receivable is included in other receivables. 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 classification of these costs are reflected as such in the income statements for the years ended December 31, 2018 and 2017. For the year ended December 31, 2018, the reclassification of these costs reduced research and development expense and cost of business services by $29 million and $13 million , respectively, and increased selling, general and administrative expense and cost of equipment sales by $30 million and $12 million , respectively. For the year ended December 31, 2017, the reclassification of these costs reduced research and development expense and cost of business services by $15 million and $3 million , respectively, and increased selling, general and administrative expense and cost of equipment sales by $11 million and $7 million , respectively. Additionally, for the year ended December 31, 2018, cost of equipment sales and cost of rentals were reduced by $5 million and $3 million , respectively, and cost of support services was increased by $8 million . For the year ended December 31, 2017, both cost of equipment sales and cost of rentals were reduced by $3 million and cost of support services increased by $6 million . The December 31, 2018 balance sheet reflects the correction to 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 . Effective January 1, 2018, we adopted ASU 2014-09, Revenue from Contracts with Customers using the modified retrospective method and recognized a $9 million cumulative effect adjustment to retained earnings at the date of the initial application. Additionally in 2018, we adopted ASU 2016-06, Income Taxes: Intra-entity Transfers of Assets other than Inventory and recognized a $3 million cumulative effect adjustment to retained earnings and ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income with a cumulative effect adjustment to reclassify $116 million from AOCI to opening retained earnings. For more information, refer to our Annual Report on Form 10-K filed with the SEC on February 20, 2019.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires the use of estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and accompanying disclosures, including the disclosure of contingent assets and liabilities. These estimates and assumptions are based on management's best knowledge of current events, historical experience and other information available when the financial statements are prepared. These estimates include, but are not limited to, goodwill and intangible asset impairment review, deferred tax asset valuation allowance, income tax reserves, revenue recognition for multiple element arrangements, pension and other postretirement costs, allowance for doubtful accounts and credit losses, residual values of leased assets, useful lives of long-lived and intangible assets, restructuring costs, the allocation of purchase price to assets and liabilities acquired in business combinations, stock-based compensation expense and loss contingencies. Actual results could differ from those estimates and assumptions.
Cash Equivalents and Investments	Cash Equivalents and Investments Cash equivalents include interest-earning investments with maturities of three months or less at the date of purchase. Short-term investments include investments with original maturities of greater than three months and remaining maturities of less than one year from the reporting date. Investments with maturities greater than one year from the reporting date are recorded as other assets. 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). Purchase premiums and discounts are amortized using the effective interest method over the term of the security. Gains and losses on the sale of available-for-sale securities are recorded on the trade date using the specific identification method. Investment securities that management has the positive intent and ability to hold to maturity are classified as held-to-maturity and are carried at amortized cost.
Investment 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). Purchase premiums and discounts are amortized using the effective interest method over the term of the security. Gains and losses on the sale of available-for-sale securities are recorded on the trade date using the specific identification method. Investment securities that management has the positive intent and ability to hold to maturity are classified as held-to-maturity and are carried at amortized cost.
Accounts and Other Receivables and Allowance for Doubtful Accounts	Accounts and Other Receivables and Allowance for Doubtful Accounts Accounts receivable are generally due within 30 days after the invoice date.
Finance Receivables and Allowance for Credit Losses	Finance Receivables and Allowance for Credit Losses Finance receivables are composed of sales-type lease receivables and unsecured revolving loan receivables. We provide an allowance for credit losses based on historical loss experience, the nature and volume of our portfolios, specific troubled accounts, 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.
Inventories	Inventories
Fixed Assets	Fixed Assets Property, plant and equipment and rental equipment are stated at cost and depreciated principally using the straight-line method over their estimated useful lives, which are 50 years for buildings, 10 to 20 years for building improvements, up to 3 years for internal use software development costs, 3 to 12 years for machinery and equipment and 4 to 6 years for rental equipment. Major improvements that add to the productive capacity or extend the life of an asset are capitalized while repairs and maintenance are charged to expense as incurred. Leasehold improvements are amortized over the shorter of their estimated useful life or the remaining lease term. Fully depreciated assets are retained in fixed assets and accumulated depreciation until they are removed from service.
Intangible Assets	Intangible Assets Finite-lived intangible assets are amortized using the straight-line method over their estimated useful lives of up to 10 years.
Research and Development Costs	Research and Development Costs Research and development costs include engineering costs related to research and development activities and are expensed as incurred.
Impairment Review for Long-lived and Finite-Lived Intangible Assets	Impairment Review for Long-lived and Finite-Lived Intangible Assets Long-lived assets and finite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. The estimated undiscounted future cash flows expected to result from the use and eventual disposition of the asset is compared to the asset's carrying value. The fair value of the asset is determined using probability weighted expected cash flow estimates, derived from our long-term business plans and historical experience, quoted market prices when available and appraisals, as appropriate. If the estimated undiscounted cash flows are less than the asset's carrying value, an impairment charge is recorded to reduce the assets carrying value to its fair value.
Impairment Review for Goodwill	Impairment Review for Goodwill Goodwill is tested annually for impairment at the reporting unit level during the fourth quarter or sooner if circumstances indicate an impairment may exist. The impairment test for goodwill determines the fair value of each reporting unit and compares it to the reporting unit's carrying value, including goodwill. If the fair value of a reporting unit is less than its carrying value an impairment loss is recognized for the difference, not to exceed the carrying amount of goodwill.
Retirement Plans	Retirement Plans Net periodic benefit cost includes current service cost, interest cost, expected return on plan assets and the amortization of actuarial gains and losses. Actuarial gains and losses arise from actual results that differ from previous assumptions and changes in assumptions. The expected return on plan assets is based on a market-related valuation of plan assets where differences between the actual and expected return on plan assets are recognized over a five-year period. Actuarial gains and losses are recognized in other comprehensive income, net of tax, and amortized to benefit cost primarily over the life expectancy of plan participants. The funded status of pension and other postretirement benefit plans is recognized in the consolidated balance sheets.
Stock-based Compensation	Stock-based Compensation We primarily issue restricted stock units, non-qualified stock options and performance stock units under our stock award plans. Compensation expense for stock-based awards is measured based on the estimated fair value of the awards expected to vest and recognized on a straight-line basis over the requisite service period. The fair value of stock awards is estimated based on the fair value of our common stock on the grant date, less the present value of expected dividends or using the Black-Scholes valuation model or Monte Carlo simulation model. We believe that the valuation techniques and underlying assumptions are appropriate in estimating the fair value of stock awards. The majority of stock-based compensation expense is recorded in selling, general and administrative expense. Forfeitures are estimated at the time of grant to recognize expense for those awards that are expected to vest and are based on our historical forfeiture rates.
Revenue Recognition	Revenue Recognition We derive revenue from multiple sources including sales, rentals, financing and services. Certain transactions are consummated at the same time and can therefore generate revenue from multiple sources. The most common form of these transactions involves a sale or noncancelable lease of equipment, meter services and an equipment maintenance agreement. We are required to determine whether each product and service within the contract should be treated as a separate performance obligation (unit of accounting) for revenue recognition purposes. For contracts that include multiple performance obligations, the transaction price is allocated based on relative standalone selling prices (SSP) which are a range of selling prices that we would sell a good or service to a customer on a separate basis. SSP are established for each performance obligation at the inception of the contract and can be observable prices or estimated. The allocation of the transaction price to the various performance obligations impacts the timing of revenue recognition, but does not change the total revenue recognized. More specifically, revenue related to our offerings is recognized as follows: 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. 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. 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 renewal experience, 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. Increases in estimated future residual values are not recognized until the equipment is remarketed. 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 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. Revenue from the direct sale of equipment is recognized as control of the equipment transfers to the customer, which is upon delivery for self-installed products and upon installation or customer acceptance for other products. We do not typically offer any rights of return. Supplies Supplies revenue is generally recognized upon delivery. 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. Shipping and Handling Shipping and handling costs are recognized as incurred and recorded in cost of revenues.
Restructuring Charges	Restructuring Charges Costs associated with restructuring actions primarily include employee severance and other employee separation costs. These costs are recognized when a liability is incurred, which is generally upon communication to the affected employees, and the amount to be paid is both probable and reasonably estimable. Severance accruals are based on company policy, historical experience and negotiated settlements.
Derivative Instruments	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 limit these risks by following established risk management policies and procedures, including the use of derivatives. We use derivative instruments to limit the effects of currency exchange rate fluctuations on financial results and manage the related 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 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. To qualify as a hedge, a derivative must be highly effective in offsetting the risk designated for hedging purposes. The hedge relationship must be formally documented at inception, detailing the particular risk management objective and strategy for the hedge. The effectiveness of the hedge relationship is evaluated on a retrospective and prospective basis. The use of derivative instruments exposes us to counterparty credit risk. To mitigate such risks, we enter into contracts only with financial institutions that meet stringent credit requirements. We regularly review our credit exposure balances and the creditworthiness of our counterparties. We have not seen a material change in the creditworthiness of our derivative counterparties.
Income Taxes	Income Taxes We recognize deferred tax assets and liabilities for the future tax consequences attributable to differences between the carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date of such change. A valuation allowance is provided when it is more likely than not that a deferred tax asset will not be realized. In estimating the necessity and amount of a valuation allowance, we consider all available evidence for each jurisdiction including historical operating results, estimates of future taxable income and the feasibility of ongoing tax planning strategies. We adjust the valuation allowance through income tax expense when new information becomes available that would alter our determination of the amount of deferred tax assets that will ultimately be realized.
Earnings per Share	Earnings per Share Basic earnings per share is computed based on the weighted-average number of common shares outstanding during the year. Diluted earnings per share is computed based on the weighted-average number of common shares plus the dilutive effect of common stock equivalents.
Translation of Non-U.S. Currency Amounts	Translation of Non-U.S. Currency Amounts In general, the functional currency of our foreign operations is the local currency. Assets and liabilities of subsidiaries operating outside the U.S. are translated at rates in effect at the end of the period and revenue and expenses are translated at average monthly rates during the period. Net deferred translation gains and losses are included as a component of accumulated other comprehensive income.
Loss Contingencies	Loss Contingencies In the ordinary course of business, we are routinely defendants in, or party to, a number of pending and threatened legal actions. On a quarterly basis, we review the status of each significant matter and assess the potential financial exposure. If the potential loss from any claim or legal action is considered probable and can be reasonably estimated, we establish a liability for the estimated loss. The assessment of the ultimate outcome of each claim or legal action and the determination of the potential financial exposure requires significant judgment. Estimates of potential liabilities for claims or legal actions are based only on information that is available at that time. As additional information becomes available, we may revise our estimates, and these revisions could have a material impact on our results of operations and financial position. Legal fees are expensed as incurred.
New Accounting Pronouncements	New Accounting Pronouncements New Accounting Pronouncements - Standards Adopted in 2019 On January 1, 2019, we adopted 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 17 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. 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 adoption of this standard did not have a material impact on our consolidated financial statements. New Accounting Pronouncements - Standards 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. We have implemented internal controls and accounting policies to facilitate the preparation of financial information that will be required under the new standard. This standard is effective beginning January 1, 2020. We will adopt the standard using the modified retrospective transition approach with a cumulative effect adjustment at January 1, 2020 to retained earnings. We do not expect the cumulative effect adjustment, or the impact of this standard on an ongoing basis, will be material to our financial statements. In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables disaggregate our revenue by source and timing of recognition: Year Ended December 31, 2019 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Revenue from products and services Business services $ 1,151,510 $ 529,588 $ 29,703 $ 1,710,801 $ — $ 1,710,801 Support services — — 506,187 506,187 — 506,187 Financing — — — — 368,090 368,090 Equipment sales — — 80,562 80,562 271,542 352,104 Supplies — — 187,287 187,287 — 187,287 Rentals — — — — 80,656 80,656 Subtotal 1,151,510 529,588 803,739 2,484,837 $ 720,288 $ 3,205,125 Revenue from leasing transactions and financing Financing — — 368,090 368,090 Equipment sales — — 271,542 271,542 Rentals — — 80,656 80,656 Total revenue $ 1,151,510 $ 529,588 $ 1,524,027 $ 3,205,125 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 334,046 $ 334,046 Products/services transferred over time 1,151,510 529,588 469,693 2,150,791 Total $ 1,151,510 $ 529,588 $ 803,739 $ 2,484,837 Year Ended December 31, 2018 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Revenue from products and services Business services $ 1,022,862 $ 515,795 $ 27,813 $ 1,566,470 $ — $ 1,566,470 Support services — — 552,472 552,472 — 552,472 Financing — — — — 394,557 394,557 Equipment sales — — 88,616 88,616 307,036 395,652 Supplies — — 218,304 218,304 — 218,304 Rentals — — — — 84,067 84,067 Subtotal 1,022,862 515,795 887,205 2,425,862 $ 785,660 $ 3,211,522 Revenue from leasing transactions and financing Financing — — 394,557 394,557 Equipment sales — — 307,036 307,036 Rentals — — 84,067 84,067 Total revenue $ 1,022,862 $ 515,795 $ 1,672,865 $ 3,211,522 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 386,844 $ 386,844 Products/services transferred over time 1,022,862 515,795 500,361 2,039,018 Total $ 1,022,862 $ 515,795 $ 887,205 $ 2,425,862 Year Ended December 31, 2017 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Revenue from products and services Business services $ 551,678 $ 497,901 $ 21,442 $ 1,071,021 $ — $ 1,071,021 Support services 564 — 580,910 581,474 — 581,474 Financing — — — — 406,395 406,395 Equipment sales — — 119,416 119,416 281,288 400,704 Supplies — — 231,412 231,412 — 231,412 Rentals — — — — 93,001 93,001 Subtotal 552,242 497,901 953,180 2,003,323 $ 780,684 $ 2,784,007 Revenue from leasing transactions and financing Financing — — 406,395 406,395 Equipment sales — — 281,288 281,288 Rentals — — 93,001 93,001 Total revenue $ 552,242 $ 497,901 $ 1,733,864 $ 2,784,007 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 421,470 $ 421,470 Products/services transferred over time 552,242 497,901 531,710 1,581,853 Total $ 552,242 $ 497,901 $ 953,180 $ 2,003,323
Contract Assets and Advance Billings	Advance Billings from Contracts with Customers Balance Sheet Location December 31, 2019 December 31, 2018 Increase/ (decrease) Advance billings, current Advance billings $ 92,464 $ 111,829 $ (19,365 ) Advance billings, noncurrent Other noncurrent liabilities $ 1,245 $ 1,985 $ (740 )
Future Performance Obligations	The transaction prices allocated to future performance obligations will be recognized as follows: 2020 2021 2022-2024 Total SendTech Solutions $ 288,689 $ 223,759 $ 261,947 $ 774,395

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Reconciliation of Revenue From Segments to Consolidated Statements	The following tables provide information about our reportable segments and reconciliation of segment EBIT to net income. Revenues Years Ended December 31, 2019 2018 2017 Global Ecommerce $ 1,151,510 $ 1,022,862 $ 552,242 Presort Services 529,588 515,795 497,901 Commerce Services 1,681,098 1,538,657 1,050,143 SendTech Solutions 1,524,027 1,672,865 1,733,864 Total revenue $ 3,205,125 $ 3,211,522 $ 2,784,007 Geographic data: United States $ 2,745,928 $ 2,679,300 $ 2,262,249 Outside United States 459,197 532,222 521,758 Total revenue $ 3,205,125 $ 3,211,522 $ 2,784,007
Reconciliation of EBIT From Segments to Consolidated Statements	EBIT Years Ended December 31, 2019 2018 2017 Global Ecommerce $ (70,146 ) $ (32,379 ) $ (17,899 ) Presort Services 70,693 73,768 97,506 Commerce Services 547 41,389 79,607 SendTech Solutions 490,322 558,959 553,266 Total segment EBIT 490,869 600,348 632,873 Reconciling items: Interest, net (155,558 ) (159,757 ) (164,162 ) Unallocated corporate expenses (211,529 ) (185,919 ) (219,924 ) Restructuring charges and asset impairments, net (69,606 ) (25,899 ) (44,849 ) Pension settlement — (31,329 ) — Loss on Market Exits (17,683 ) — — Transaction costs (2,728 ) (1,359 ) (6,384 ) Loss on extinguishment of debt (6,623 ) (7,964 ) (3,856 ) Benefit (provision) for income taxes 13,007 (6,416 ) (13,659 ) Income from continuing operations 40,149 181,705 180,039 Income from discontinued operations, net of tax 154,460 60,106 63,489 Net income $ 194,609 $ 241,811 $ 243,528
Reconciliation of Depreciation and Amortization from Segments to Consolidated	Depreciation and amortization Years Ended December 31, 2019 2018 2017 Global Ecommerce $ 68,385 $ 61,046 $ 36,786 Presort Services 29,440 26,838 26,541 Commerce Services 97,825 87,884 63,327 SendTech Solutions 39,758 39,104 39,359 Total for reportable segments 137,583 126,988 102,686 Corporate 21,559 21,476 24,104 Total depreciation and amortization $ 159,142 $ 148,464 $ 126,790
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated	Capital expenditures Years Ended December 31, 2019 2018 2017 Global Ecommerce $ 53,374 $ 46,073 $ 26,810 Presort Services 27,394 42,531 20,860 Commerce Services 80,768 88,604 47,670 SendTech Solutions 32,276 24,648 40,445 Total for reportable segments 113,044 113,252 88,115 Corporate 24,209 24,558 30,132 Total capital expenditures $ 137,253 $ 137,810 $ 118,247
Reconciliation of Assets from Segment to Consolidated	Assets December 31, 2019 2018 2017 Global Ecommerce $ 1,102,313 $ 1,023,732 $ 1,016,045 Presort Services 524,817 431,512 387,701 Commerce Services 1,627,130 1,455,244 1,403,746 SendTech Solutions 2,152,734 2,325,797 2,454,094 Total for reportable segments 3,779,864 3,781,041 3,857,840 Cash and cash equivalents 924,442 867,262 1,009,021 Short-term investments 115,879 59,391 48,988 Assets of discontinued operations 17,229 602,823 923,012 Other corporate assets 629,486 627,902 795,745 Consolidated assets $ 5,466,900 $ 5,938,419 $ 6,634,606
Long-Lived Assets in Individual Foreign Countries by Country	Identifiable long-lived assets: United States $ 399,234 $ 424,706 $ 389,944 Outside United States 18,168 20,023 26,696 Total $ 417,402 $ 444,729 $ 416,640

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Financial information and Assets and Liabilities	The major categories of assets and liabilities included in assets of discontinued operations and liabilities of discontinued operations are as follows: December 31, 2019 December 31, 2018 Cash and cash equivalents $ — $ 1,965 Accounts and other receivables, net 3,241 85,399 Inventories — 855 Other current assets and prepayments 2,550 26,121 Property, plant and equipment, net 152 12,140 Rental property and equipment, net — 179 Goodwill (1) 9,562 434,160 Intangible assets, net — 13,937 Operating lease assets — 4,234 Other assets 1,724 23,833 Assets of discontinued operations $ 17,229 $ 602,823 Accounts payable and accrued liabilities $ 4,340 $ 44,917 Current operating lease liabilities — 2,000 Advance billings 5,373 113,110 Noncurrent operating lease liabilities — 1,943 Other noncurrent liabilities — 12,828 Liabilities of discontinued operations $ 9,713 $ 174,798 (1) Goodwill amount at December 31, 2018 is net of accumulated impairment charges of $148 million . Selected financial information of discontinued operations is as follows: Year Ended December 31, 2019 Software Solutions Production Mail Total Revenue $ 272,565 $ — $ 272,565 Earnings (loss) from discontinued operations $ 22,160 $ (663 ) $ 21,497 Gain (loss) on sale 195,957 (14,644 ) 181,313 Income (loss) from discontinued operations before taxes $ 218,117 $ (15,307 ) 202,810 Tax provision 48,350 Income from discontinued operations, net of tax $ 154,460 Year Ended December 31, 2018 Software Solutions Production Mail Total Revenue $ 340,855 $ 211,542 $ 552,397 Earnings from discontinued operations $ 49,587 $ 18,952 $ 68,539 Gain on sale — 60,611 60,611 Income from discontinued operations before taxes $ 49,587 $ 79,563 129,150 Tax provision 69,044 Income from discontinued operations, net of tax $ 60,106 Year Ended December 31, 2017 Software Solutions Production Mail Total Revenue $ 331,624 $ 426,676 $ 758,300 Income from discontinued operations before taxes $ 34,386 $ 61,074 95,460 Tax provision 31,971 Income from discontinued operations, net of tax $ 63,489

Earnings per Share (EPS) (Table

Earnings per Share (EPS) (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Schedule of Calculation of Numerator and Denominator in Earnings Per Share	The calculations of basic and diluted earnings per share are presented below. The sum of earnings per share amounts may not equal the totals due to rounding. Years Ended December 31, 2019 2018 2017 Numerator: Income from continuing operations $ 40,149 $ 181,705 $ 180,039 Income from discontinued operations, net of tax 154,460 60,106 63,489 Net income (numerator for diluted EPS) 194,609 241,811 243,528 Less: Preference stock dividend 8 32 36 Income attributable to common stockholders (numerator for basic EPS) $ 194,601 $ 241,779 $ 243,492 Denominator: Weighted-average shares used in basic EPS 176,251 187,277 186,332 Dilutive effect of common stock equivalents 1,198 1,105 1,103 Weighted-average shares used in diluted EPS 177,449 188,382 187,435 Basic earnings per share: Continuing operations $ 0.23 $ 0.97 $ 0.97 Discontinued operations 0.88 0.32 0.34 Net income $ 1.10 $ 1.29 $ 1.31 Diluted earnings per share: Continuing operations $ 0.23 $ 0.96 $ 0.96 Discontinued operations 0.87 0.32 0.34 Net income $ 1.10 $ 1.28 $ 1.30 Anti-dilutive options excluded from diluted earnings per share: 15,751 12,089 10,267

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2019
Inventory Disclosure [Abstract]
Inventory Components	Inventories consisted of the following: December 31, 2019 2018 Raw materials $ 13,514 $ 8,229 Supplies and service parts 21,840 21,841 Finished products 36,969 36,692 Inventory at FIFO cost, net 72,323 66,762 Excess of FIFO cost over LIFO cost (4,072 ) (4,483 ) Total inventory, net $ 68,251 $ 62,279

Finance Assets and Lessor Ope_2

Finance Assets and Lessor Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Financing Receivables	Finance receivables consisted of the following: December 31, 2019 December 31, 2018 North America International Total North America International Total Sales-type lease receivables Gross finance receivables $ 1,055,852 $ 224,202 $ 1,280,054 $ 1,110,898 $ 242,036 $ 1,352,934 Unguaranteed residual values 41,934 11,789 53,723 52,637 12,772 65,409 Unearned income (319,281 ) (65,888 ) (385,169 ) (383,453 ) (55,113 ) (438,566 ) Allowance for credit losses (10,920 ) (2,085 ) (13,005 ) (10,253 ) (2,355 ) (12,608 ) Net investment in sales-type lease receivables 767,585 168,018 935,603 769,829 197,340 967,169 Loan receivables Loan receivables 298,247 27,926 326,173 300,319 29,270 329,589 Allowance for credit losses (5,906 ) (740 ) (6,646 ) (6,777 ) (837 ) (7,614 ) Net investment in loan receivables 292,341 27,186 319,527 293,542 28,433 321,975 Net investment in finance receivables $ 1,059,926 $ 195,204 $ 1,255,130 $ 1,063,371 $ 225,773 $ 1,289,144
Schedule of Financing Receivables, Minimum Payments	Maturities of gross loan receivables and gross sales-type lease receivables at December 31, 2019 were as follows: Sales-type Lease Receivables Loan Receivables North America International Total North America International Total 2020 $ 422,688 $ 88,282 $ 510,970 $ 265,091 $ 27,926 $ 293,017 2021 300,669 64,001 364,670 11,295 — 11,295 2022 195,533 42,421 237,954 9,778 — 9,778 2023 102,765 22,042 124,807 4,649 — 4,649 2024 33,309 6,549 39,858 6,341 — 6,341 Thereafter 888 907 1,795 1,093 — 1,093 Total $ 1,055,852 $ 224,202 $ 1,280,054 $ 298,247 $ 27,926 $ 326,173
Allowance For Credit Losses On Financing Receivables	Activity in the allowance for credit losses was as follows: Sales-type Lease Receivables Loan Receivables North America International North America International Total Balance at December 31, 2016 $ 8,247 $ 2,647 $ 8,517 $ 1,089 $ 20,500 Amounts charged to expense 7,544 1,280 6,273 510 15,607 Accounts written off (8,070 ) (1,133 ) (7,692 ) (579 ) (17,474 ) Balance at December 31, 2017 7,721 2,794 7,098 1,020 18,633 Amounts charged to expense 7,928 1,315 6,825 532 16,600 Accounts written off (5,396 ) (1,754 ) (7,146 ) (715 ) (15,011 ) Balance at December 31, 2018 10,253 2,355 6,777 837 20,222 Amounts charged to expense 5,672 1,157 4,746 569 12,144 Accounts written off (5,005 ) (1,427 ) (5,617 ) (666 ) (12,715 ) Balance at December 31, 2019 $ 10,920 $ 2,085 $ 5,906 $ 740 $ 19,651
Past Due Financing Receivables	The aging of gross finance receivables was as follows: December 31, 2019 Sales-type Lease Receivables Loan Receivables North America International North America International Total 1 - 90 days $ 1,032,912 $ 220,819 $ 294,001 $ 27,697 $ 1,575,429 > 90 days 22,940 3,383 4,246 229 30,798 Total $ 1,055,852 $ 224,202 $ 298,247 $ 27,926 $ 1,606,227 Past due amounts > 90 days Still accruing interest $ 4,835 $ 1,081 $ 2,094 $ 121 $ 8,131 Not accruing interest 18,105 2,302 2,152 108 22,667 Total $ 22,940 $ 3,383 $ 4,246 $ 229 $ 30,798 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	The table below shows the North America portfolio by relative risk class (low, medium, high) 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. Some accounts are not scored; however, absence of a score is not indicative of the credit quality of the account. The degree of risk, as defined by the third party, refers to the relative risk that an account may become delinquent in the next 12 month period. • 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. December 31, 2019 2018 Sales-type lease receivables Low $ 837,386 $ 922,414 Medium 161,204 131,650 High 21,041 22,110 Not Scored 36,221 34,724 Total $ 1,055,852 $ 1,110,898 Loan receivables Low $ 216,295 $ 238,620 Medium 63,302 43,952 High 5,140 5,947 Not Scored 13,510 11,800 Total $ 298,247 $ 300,319
Sales-type Lease, Lease Income	Lease income from sales-type leases was as follows: Years Ended December 31, 2019 2018 2017 Profit recognized at commencement (1) $ 142,353 $ 171,938 $ 157,375 Interest income 229,719 245,751 253,224 Total lease income from sales-type leases $ 372,072 $ 417,689 $ 410,599 (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: 2020 $ 33,903 2021 17,158 2022 7,836 2023 5,369 2024 1,072 Total $ 65,338

Fixed Assets (Tables)

Fixed Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Fixed Assets	Fixed assets consisted of the following: December 31, 2019 2018 Land $ 9,333 $ 9,333 Machinery and equipment 606,420 559,419 Capitalized software 410,171 401,602 Buildings and improvements 191,108 186,048 1,217,032 1,156,402 Accumulated depreciation (840,855 ) (757,901 ) Property, plant and equipment, net $ 376,177 $ 398,501 Rental property and equipment $ 151,195 $ 132,605 Accumulated depreciation (109,970 ) (86,377 ) Rental property and equipment, net $ 41,225 $ 46,228

Acquisitions, Intangible Asse_2

Acquisitions, Intangible Assets and Goodwill (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure	Intangible assets consisted of the following: December 31, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 265,665 $ (88,550 ) $ 177,115 $ 338,320 $ (149,539 ) $ 188,781 Software & technology 31,600 (19,999 ) 11,601 54,297 (35,325 ) 18,972 Trademarks & other 13,324 (11,400 ) 1,924 22,305 (16,858 ) 5,447 Total intangible assets, net $ 310,589 $ (119,949 ) $ 190,640 $ 414,922 $ (201,722 ) $ 213,200
Future Amortization	The future amortization expense for intangible assets at December 31, 2019 is as follows: 2020 $ 33,429 2021 29,972 2022 29,026 2023 26,188 2024 26,188 Thereafter 45,837 Total $ 190,640
Schedule of Goodwill	Changes in the carrying amount of goodwill by reporting segment are shown in the tables below. December 31, 2018 Acquisitions/ dispositions Other (1) December 31, 2019 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 ) (2,746 ) 502,219 Total goodwill $ 1,332,351 $ (5,426 ) $ (2,746 ) $ 1,324,179 December 31, 2017 Acquisitions Other (1) December 31, 2018 Global Ecommerce $ 602,461 $ 7,623 $ (653 ) $ 609,431 Presort Services 204,781 2,684 — 207,465 Commerce Services 807,242 10,307 (653 ) 816,896 SendTech Solutions 527,108 — (11,653 ) 515,455 Total goodwill $ 1,334,350 $ 10,307 $ (12,306 ) $ 1,332,351 (1) Primarily represents foreign currency translation adjustments.

Fair Value Measurements and D_2

Fair Value Measurements and Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2019 and 2018 . December 31, 2019 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds / commercial paper $ 161,441 $ 240,364 $ — $ 401,805 Equity securities — 21,979 — 21,979 Commingled fixed income securities 1,656 18,404 — 20,060 Government and related securities 64,572 17,478 — 82,050 Corporate debt securities — 72,149 — 72,149 Mortgage-backed / asset-backed securities — 66,339 — 66,339 Derivatives Foreign exchange contracts — 3,256 — 3,256 Total assets $ 227,669 $ 439,969 $ — $ 667,638 Liabilities: Derivatives Foreign exchange contracts $ — $ (1,402 ) $ — $ (1,402 ) Total liabilities $ — $ (1,402 ) $ — $ (1,402 ) December 31, 2018 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds / commercial paper $ 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 consisted of the following: December 31, 2019 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 80,732 $ 1,358 $ (114 ) $ 81,976 Corporate debt securities 70,426 2,009 (286 ) 72,149 Commingled fixed income securities 1,675 — (19 ) 1,656 Mortgage-backed / asset-backed securities 65,679 960 (300 ) 66,339 Total $ 218,512 $ 4,327 $ (719 ) $ 222,120 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
Investment Securities in a Loss Position	Investment securities in a loss position were as follows: December 31, 2019 December 31, 2018 Fair Value Gross unrealized losses Fair Value Gross unrealized losses Greater than 12 continuous months $ 9,227 $ 136 $ 177,331 $ 4,355 Less than 12 continuous months 52,521 583 48,318 847 Total $ 61,748 $ 719 $ 225,649 $ 5,202
Available-For-Sale Securities	At December 31, 2019 , scheduled maturities of available-for-sale securities were as follows: Amortized cost Estimated fair value Within 1 year $ 35,393 $ 35,495 After 1 year through 5 years 49,647 50,426 After 5 years through 10 years 59,265 60,345 After 10 years 74,207 75,854 Total $ 218,512 $ 222,120
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The fair value of our derivative instruments at December 31, 2019 and 2018 was as follows: December 31, Designation of Derivatives Balance Sheet Location 2019 2018 Derivatives designated as hedging instruments Foreign exchange contracts Other current assets and prepayments $ 207 $ 61 Accounts payable and accrued liabilities (56 ) (104 ) Derivatives not designated as hedging instruments Foreign exchange contracts Other current assets and prepayments 3,049 1,970 Accounts payable and accrued liabilities (1,346 ) (631 ) Total derivative assets 3,256 2,031 Total derivative liabilities (1,402 ) (735 ) Total net derivative asset $ 1,854 $ 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 years ended December 31, 2019 and 2018 : Years Ended December 31, 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 $ 371 $ 106 Revenue $ 72 $ 11 Cost of sales 104 51 Interest rate swap $ — $ (1,776 ) Interest Expense — — $ 176 $ 62
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The following represents the mark-to-market adjustment on our non-designated derivative instruments for the years ended December 31, 2019 and 2018 : Years Ended December 31, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2019 2018 Foreign exchange contracts Selling, general and administrative expense $ 5,154 $ (33,453 )
Fair Value, by Balance Sheet Grouping	The carrying value and estimated fair value of our debt at December 31, 2019 and 2018 was as follows: December 31, 2019 2018 Carrying value $ 2,739,722 $ 3,265,608 Fair value $ 2,572,794 $ 3,003,678

Supplemental Balance Sheet In_2

Supplemental Balance Sheet Information (Tables)	12 Months Ended
	Dec. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Balance Sheet Information	The following table shows selected balance sheet information: December 31, 2019 2018 Other assets: Long-term investments $ 288,963 $ 311,417 Pension asset 20,403 14,502 Contract costs 26,048 20,420 Other 65,042 50,820 Total $ 400,456 $ 397,159 Accounts payable and accrued liabilities: Accounts payable $ 282,125 $ 280,936 Reserve account deposits 591,118 574,777 Customer deposits 115,889 125,574 Employee related liabilities 219,995 208,840 Other 175,681 158,000 Total $ 1,384,808 $ 1,348,127 Other noncurrent liabilities: Pension liability $ 214,742 $ 276,563 Postretirement medical benefits 147,972 149,463 Other 37,804 36,262 Total $ 400,518 $ 462,288

Restructuring Charges and Ass_2

Restructuring Charges and Asset Impairments (Tables)	12 Months Ended
	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	The table below shows the activity in our restructuring reserves: Severance and benefits costs Other exit costs Total Balance at December 31, 2017 $ 42,151 $ 1,569 $ 43,720 Expenses, net 18,426 6,033 24,459 Cash payments (46,936 ) (5,794 ) (52,730 ) Balance at December 31, 2018 13,641 1,808 15,449 Expenses, net 22,794 911 23,705 Cash payments (24,498 ) (2,650 ) (27,148 ) Balance at December 31, 2019 $ 11,937 $ 69 $ 12,006

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	December 31, Interest rate 2019 2018 Notes due September 2020 4.125% — 300,000 Notes due October 2021 4.125% 600,000 600,000 Notes due May 2022 4.625% 400,000 400,000 Notes due April 2023 5.20% 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 6.70% 425,000 425,000 Term loans Variable 400,000 630,000 Other debt 5,108 5,297 Principal amount 2,765,949 3,296,138 Less: unamortized costs, net 26,227 30,530 Total debt 2,739,722 3,265,608 Less: current portion long-term debt 20,108 199,535 Long-term debt $ 2,719,614 $ 3,066,073
Schedule of Maturities of Long-term Debt	Annual maturities of outstanding debt at December 31, 2019 are as follows: 2020 $ 20,108 2021 620,000 2022 430,000 2023 440,000 2024 795,000 Thereafter 460,841 Total $ 2,765,949

Retirement Plans and Postreti_2

Retirement Plans and Postretirement Medical Benefits (Tables)	12 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
Schedule of Change in Benefit Obligation, Plan Assets and the Funded Status of Defined Benefit Pension Plans	The benefit obligations and funded status of defined benefit pension plans are as follows: United States Foreign 2019 2018 2019 2018 Accumulated benefit obligation $ 1,612,551 $ 1,500,691 $ 745,658 $ 659,628 Projected benefit obligation Benefit obligation - beginning of year $ 1,501,140 $ 1,727,737 $ 662,644 $ 751,373 Service cost 83 92 1,543 2,159 Interest cost 63,171 61,490 17,853 18,089 Plan participants' contributions — — 6 7 Actuarial loss (gain) 160,390 (124,298 ) 68,385 (41,995 ) Foreign currency changes — — 25,452 (40,559 ) Plan amendments — — — 9,009 Settlements and curtailments (6,684 ) (82,273 ) (2,682 ) (6,703 ) Benefits paid (105,046 ) (81,608 ) (26,259 ) (28,736 ) Benefit obligation - end of year $ 1,613,054 $ 1,501,140 $ 746,942 $ 662,644 Fair value of plan assets Fair value of plan assets - beginning of year $ 1,327,034 $ 1,557,907 $ 562,517 $ 632,710 Actual return on plan assets 261,579 (73,745 ) 98,006 (17,043 ) Company contributions 10,135 6,753 10,085 10,939 Plan participants' contributions — — 6 7 Settlements and curtailments (6,684 ) (82,273 ) (1,773 ) — Foreign currency changes — — 25,726 (35,360 ) Benefits paid (105,046 ) (81,608 ) (26,259 ) (28,736 ) Fair value of plan assets - end of year $ 1,487,018 $ 1,327,034 $ 668,308 $ 562,517 Amounts recognized in the Consolidated Balance Sheets Noncurrent asset $ 383 $ 277 $ 20,020 $ 14,225 Current liability (9,019 ) (10,975 ) (1,313 ) (1,197 ) Noncurrent liability (117,401 ) (163,408 ) (97,341 ) (113,155 ) Funded status $ (126,037 ) $ (174,106 ) $ (78,634 ) $ (100,127 )
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets	Information provided in the table below is only for pension plans with an accumulated benefit obligation in excess of plan assets at December 31, 2019 and 2018 : United States Foreign 2019 2018 2019 2018 Projected benefit obligation $ 1,612,745 $ 1,500,680 $ 615,288 $ 540,798 Accumulated benefit obligation $ 1,612,241 $ 1,500,231 $ 614,293 $ 538,666 Fair value of plan assets $ 1,486,325 $ 1,326,296 $ 516,634 $ 426,446
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)	Pretax amounts recognized in AOCI consist of: United States Foreign 2019 2018 2019 2018 Net actuarial loss $ 772,850 $ 809,836 $ 315,319 $ 318,474 Prior service (credit) cost (270 ) (330 ) 8,317 8,496 Transition asset — — (11 ) (17 ) Total $ 772,580 $ 809,506 $ 323,625 $ 326,953 Other changes in plan assets and benefit obligation for nonpension postretirement benefit plans recognized in other comprehensive income were as follows: 2019 2018 Net actuarial loss (gain) $ 6,931 $ (11,837 ) Curtailment — (246 ) Amortization of net actuarial loss (2,026 ) (3,048 ) Amortization of prior service cost (321 ) (304 ) Total recognized in other comprehensive income $ 4,584 $ (15,435 ) Other changes in plan assets and benefit obligations for defined benefit pension plans recognized in other comprehensive income were as follows: United States Foreign 2019 2018 2019 2018 Net actuarial (gain) loss $ (8,459 ) $ 50,534 $ 3,643 $ 3,824 Plan amendment — — — 9,009 Amortization of net actuarial loss (26,146 ) (31,298 ) (6,337 ) (7,264 ) Amortization of prior service credit (cost) 60 60 (243 ) 71 Net transition asset — — 6 7 Settlements and curtailments (2,381 ) (44,665 ) (397 ) 13 Total recognized in other comprehensive income $ (36,926 ) $ (25,369 ) $ (3,328 ) $ 5,660
Schedule of Weighted Average Assumptions Used to Determine Net Periodic Benefit Costs	The weighted-average discount rates used to determine end of year benefit obligation and net periodic pension cost include: 2019 2018 2017 Discount rate used to determine benefit obligation U.S. 3.20 % 4.20 % 3.55 % Canada 3.00 % 3.60 % 3.35 % Discount rate used to determine net period benefit cost U.S. 4.20 % 3.55 % 3.90 % Canada 3.60 % 3.35 % 3.65 % Weighted-average actuarial assumptions used to determine end of year benefit obligations and net periodic benefit cost for defined benefit pension plans include: 2019 2018 2017 United States Used to determine benefit obligations Discount rate 3.34% 4.34% 3.69% Rate of compensation increase N/A N/A N/A Used to determine net periodic benefit cost Discount rate 4.34% 3.69% 4.20% Expected return on plan assets 6.75% 7.00% 6.75% Rate of compensation increase N/A N/A N/A Foreign Used to determine benefit obligations Discount rate 0.65 % - 2.95% 0.75 % - 3.55% 0.65 % - 3.35% Rate of compensation increase 1.50 % - 2.50% 1.50 % - 2.50% 1.50 % - 2.50% Used to determine net periodic benefit cost Discount rate 0.75 % - 3.55% 0.65 % - 3.35% 0.70 % - 3.65% Expected return on plan assets 4.25 % - 6.25% 3.75 % - 6.25% 3.75 % - 6.25% Rate of compensation increase 1.50 % - 2.50% 1.50 % - 3.25% 1.50 % - 3.30%
Schedule of Target Allocation and Percentage of Plan Assets for Domestic Pension Plan	Target and actual asset allocations for the U.S. pension plans were as follows: Target allocation Percent of Plan Assets at December 31, 2020 2019 2018 Asset category Equities 30 % 30 % 26 % Fixed income 63 % 63 % 64 % Real estate 5 % 5 % 7 % Private equity 2 % 2 % 3 % Total 100 % 100 % 100 %
Schedule of Target Allocation and Percentage of Plan Assets for Foreign Pension Plan	Target and actual asset allocations for the U.K. Plan were as follows: Target Allocation Percent of Plan Assets at December 31, 2020 2019 2018 Asset category Equities 30 % 35 % 38 % Fixed income 50 % 46 % 41 % Real estate 10 % 9 % 10 % Diversified growth 10 % 9 % 10 % Cash — % 1 % 1 % Total 100 % 100 % 100 %
Schedule of Fair Value Measurement of Plan Assets	Foreign Plans December 31, 2019 Level 1 Level 2 Level 3 Total Money market funds $ — $ 8,734 $ — $ 8,734 Equity securities — 222,554 — 222,554 Commingled fixed income securities — 264,131 — 264,131 Government and related securities — 43,405 — 43,405 Corporate debt securities — 34,528 — 34,528 Real estate — — 45,335 45,335 Diversified growth funds — — 47,621 47,621 Total plan assets at fair value $ — $ 573,352 $ 92,956 $ 666,308 Cash 1,516 Other 484 Fair value of plan assets $ 668,308 December 31, 2018 Level 1 Level 2 Level 3 Total Money market funds $ — $ 11,172 $ — $ 11,172 Equity securities — 194,914 — 194,914 Commingled fixed income securities — 198,902 — 198,902 Government and related securities — 40,055 — 40,055 Corporate debt securities — 29,996 — 29,996 Real estate — — 42,143 42,143 Diversified growth funds — — 40,766 40,766 Total plan assets at fair value $ — $ 475,039 $ 82,909 $ 557,948 Cash 3,903 Other 666 Fair value of plan assets $ 562,517 The following tables show the U.S. and foreign pension plans' assets: United States Pension Plans December 31, 2019 Level 1 Level 2 Level 3 Total Money market funds $ — $ 4,917 $ — $ 4,917 Equity securities — 265,832 — 265,832 Commingled fixed income securities — 275,335 — 275,335 Government and related securities 292,506 15,764 — 308,270 Corporate debt securities — 528,425 — 528,425 Mortgage-backed securities /asset-backed securities — 51,770 — 51,770 Private equity — — 23,608 23,608 Real estate — — 71,337 71,337 Securities lending collateral — 106,886 — 106,886 Total plan assets at fair value $ 292,506 $ 1,248,929 $ 94,945 $ 1,636,380 Securities lending payable (106,886 ) Cash 9,409 Other (51,885 ) Fair value of plan assets $ 1,487,018 December 31, 2018 Level 1 Level 2 Level 3 Total Money market funds $ 3,498 $ 5,759 $ — $ 9,257 Equity securities 110,840 109,864 — 220,704 Commingled fixed income securities — 281,258 — 281,258 Government and related securities 258,535 16,144 — 274,679 Corporate debt securities — 435,285 — 435,285 Mortgage-backed securities /asset-backed securities — 23,474 — 23,474 Private equity — — 32,750 32,750 Real estate — — 96,877 96,877 Securities lending collateral — 117,603 — 117,603 Total plan assets at fair value $ 372,873 $ 989,387 $ 129,627 $ 1,491,887 Securities lending payable (117,603 ) Cash 11,341 Other (58,591 ) Fair value of plan assets $ 1,327,034
Schedule of Changes in Fair Value of Level 3 Assets Domestic	The following table summarizes the changes in the fair value of Level 3 assets: United States Pension Plans Private equity Real estate Total Balance at December 31, 2017 $ 38,362 $ 91,352 $ 129,714 Realized gains 8,264 1,001 9,265 Unrealized (losses) gains (1,409 ) 4,462 3,053 Net purchases, sales and settlements (12,467 ) 62 (12,405 ) Balance at December 31, 2018 32,750 96,877 129,627 Realized gains 5,625 14,876 20,501 Unrealized losses (5,288 ) (12,517 ) (17,805 ) Net purchases, sales and settlements (9,479 ) (27,899 ) (37,378 ) Balance at December 31, 2019 $ 23,608 $ 71,337 $ 94,945 Foreign Pension Plans Real estate Diversified growth funds Total Balance at December 31, 2017 $ 41,601 $ 44,024 $ 85,625 Unrealized gains (losses) 1,317 (4,948 ) (3,631 ) Net purchases, sales and settlements 1,653 4,090 5,743 Foreign currency (2,428 ) (2,400 ) (4,828 ) Balance at December 31, 2018 42,143 40,766 82,909 Unrealized (losses) gains (799 ) 4,954 4,155 Net purchases, sales and settlements 1,618 107 1,725 Other 687 — 687 Foreign currency 1,686 1,794 3,480 Balance at December 31, 2019 $ 45,335 $ 47,621 $ 92,956
Schedule of Change in Benefit Obligation, Plan Assets and the Funded Status of Nonpension Benefit Plans	The benefit obligation and funded status for nonpension postretirement benefit plans are as follows: 2019 2018 Benefit obligation Benefit obligation - beginning of year $ 166,476 $ 188,841 Service cost 967 1,405 Interest cost 6,584 6,640 Plan participants' contributions 3,003 3,200 Actuarial loss (gain) 6,930 (11,304 ) Foreign currency changes 674 (1,177 ) Curtailment — (533 ) Benefits paid (20,530 ) (20,596 ) Benefit obligation - end of year (1) $ 164,104 $ 166,476 Fair value of plan assets Fair value of plan assets - beginning of year $ — $ — Company contribution 17,527 17,396 Plan participants' contributions 3,003 3,200 Benefits paid (20,530 ) (20,596 ) Fair value of plan assets - end of year $ — $ — Amounts recognized in the Consolidated Balance Sheets Current liability $ (16,132 ) $ (17,013 ) Non-current liability (147,972 ) (149,463 ) Funded status $ (164,104 ) $ (166,476 ) (1) The benefit obligation for U.S. nonpension postretirement plans was $150 million and $154 million at December 31, 2019 and 2018 , respectively. Pretax amounts recognized in AOCI consist of: 2019 2018 Net actuarial loss $ 33,272 $ 28,368 Prior service cost 502 823 Total $ 33,774 $ 29,191
Schedule of Costs of Retirement Plans	The components of net periodic benefit cost (income) for defined benefit pension plans were as follows: United States Foreign 2019 2018 2017 2019 2018 2017 Service cost $ 83 $ 92 $ 132 $ 1,543 $ 2,159 $ 2,274 Interest cost 63,171 61,490 68,611 17,853 18,089 18,836 Expected return on plan assets (92,726 ) (101,087 ) (97,656 ) (34,363 ) (35,687 ) (32,242 ) Amortization of net transition asset — — — (6 ) (7 ) (8 ) Amortization of prior service (credit) cost (60 ) (60 ) (60 ) 243 (71 ) (71 ) Amortization of net actuarial loss 26,146 31,298 28,954 6,337 7,264 8,052 Special termination benefits — — — — 208 — Settlements and curtailments 2,381 44,665 — 397 (13 ) — Net periodic benefit (income) cost $ (1,005 ) $ 36,398 $ (19 ) $ (7,996 ) $ (8,058 ) $ (3,159 ) The components of net periodic benefit cost for nonpension postretirement benefit plans were as follows: 2019 2018 2017 Service cost $ 967 $ 1,405 $ 1,727 Interest cost 6,584 6,640 7,100 Amortization of prior service cost 321 304 297 Amortization of net actuarial loss 2,026 3,048 3,600 Curtailment — 246 — Net periodic benefit cost $ 9,898 $ 11,643 $ 12,724
Schedule of Expected Benefit Payments	The following benefit payments, which reflect expected future service, are expected to be paid. Pension Benefits Nonpension Benefits 2020 $ 131,577 $ 16,129 2021 125,439 15,480 2022 124,142 14,756 2023 124,559 13,592 2024 121,767 12,500 Thereafter 600,327 53,101 $ 1,227,811 $ 125,558

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Components of Income before Tax, Domestic and Foreign	Income from continuing operations before taxes consisted of the following: Years Ended December 31, 2019 2018 2017 U.S. $ 910 $ 109,393 $ 135,636 International 26,232 78,728 58,062 Total $ 27,142 $ 188,121 $ 193,698
Components of Income Tax Expense (Benefit)	The (benefit) provision for income taxes from continuing operations consisted of the following: Years Ended December 31, 2019 2018 2017 U.S. Federal: Current $ (18,789 ) $ (56,743 ) $ 25,774 Deferred 11,577 61,514 (23,863 ) (7,212 ) 4,771 1,911 U.S. State and Local: Current (9,142 ) (12,214 ) (3,022 ) Deferred 8,043 866 13,426 (1,099 ) (11,348 ) 10,404 International: Current 9,993 11,308 (7,679 ) Deferred (14,689 ) 1,685 9,023 (4,696 ) 12,993 1,344 Total current (17,938 ) (57,649 ) 15,073 Total deferred 4,931 64,065 (1,414 ) Total (benefit) provision for income taxes $ (13,007 ) $ 6,416 $ 13,659 Effective tax rate (47.9 )% 3.4 % 7.1 %
Reconciliation of Effective Income Tax Rate Reconciliation	A reconciliation of income taxes computed at the federal statutory rate and our provision for income taxes consist of the following: Years Ended December 31, 2019 2018 2017 Federal statutory provision $ 5,700 $ 39,505 $ 67,794 State and local income taxes (1) (868 ) 1,292 3,739 Impact of foreign operations taxed at rates other than the U.S. statutory rate (2) (18,541 ) (2,483 ) (12,054 ) Accrual/release of uncertain tax amounts related to foreign operations 191 (4,595 ) (17,919 ) U.S. tax impacts of foreign income in the U.S. 5,587 5,854 1,750 Tax incentives/credits/exempt income (5,437 ) 3,526 (14,587 ) Unrealized stock compensation benefits 2,176 1,941 3,778 Remeasurement of U.S. deferred taxes — (13,121 ) (108,176 ) U.S. tax on unremitted earnings — (23,711 ) 90,916 Other, net (3) (1,815 ) (1,792 ) (1,582 ) (Benefit) provision for income taxes $ (13,007 ) $ 6,416 $ 13,659 (1) Includes release of tax uncertainties of $(3) million , $(9) million and $(3) million for the years ended December 31, 2019, 2018 and 2017, respectively. (2) Includes foreign valuation allowance release of $23 million and $3 million tax on Market Exits for the year ended December 31, 2019. (3) Includes $1 million benefit related to interest for the year ended December 31, 2019.
Components of Deferred Tax Assets and Liabilities	Deferred tax liabilities and assets consisted of the following: December 31, 2019 2018 Deferred tax liabilities: Depreciation $ (69,222 ) $ (71,757 ) Deferred profit (for tax purposes) on sale to finance subsidiary (30,791 ) (41,951 ) Lease revenue and related depreciation (174,083 ) (149,176 ) Intangible assets (88,024 ) (98,707 ) Other (24,941 ) (34,425 ) Gross deferred tax liabilities (387,061 ) (396,016 ) Deferred tax assets: Nonpension postretirement benefits 41,015 42,422 Pension 43,763 60,063 Inventory and equipment capitalization 2,735 6,042 Restructuring charges 2,944 5,064 Long-term incentives 12,929 11,517 Net operating loss 82,673 106,029 Tax credit carry forwards 64,430 64,148 Tax uncertainties gross-up 6,577 6,692 Other 38,247 46,623 Gross deferred tax assets 295,313 348,600 Less: Valuation allowance (110,781 ) (142,496 ) Net deferred tax assets 184,532 206,104 Total deferred taxes, net $ (202,529 ) $ (189,912 )
Tax Uncertainties Roll Forward	A reconciliation of the amount of unrecognized tax benefits is as follows: 2019 2018 2017 Balance at beginning of year $ 71,458 $ 89,767 $ 124,728 Increases from prior period positions 510 88 528 Decreases from prior period positions (9,711 ) (15,145 ) (31,470 ) Increases from current period positions 5,052 6,001 5,951 Decreases relating to settlements with tax authorities (2,626 ) (4,844 ) (6,953 ) Reductions from lapse of applicable statute of limitations (4,381 ) (4,409 ) (3,017 ) Balance at end of year $ 60,302 $ 71,458 $ 89,767

Leased Assets and Liabilities (

Leased Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Schedule of operating and finance lease assets and liabilities	Leases Balance Sheet Location December 31, 2019 December 31, 2018 Assets Operating Operating lease assets $ 200,752 $ 152,554 Finance Property, plant and equipment, net 10,443 10,683 Total leased assets $ 211,195 $ 163,237 Liabilities Operating Current operating lease liabilities $ 36,060 $ 35,208 Noncurrent operating lease liabilities 177,711 125,294 Finance Accounts payable and accrued liabilities 2,879 2,708 Other noncurrent liabilities 7,927 7,054 Total lease liabilities $ 224,577 $ 170,264
Schedule of components of lease expense	Years Ended December 31, Lease Cost 2019 2018 2017 Operating lease expense $ 48,503 $ 43,727 $ 41,676 Finance lease expense Amortization of leased assets 3,372 2,697 2,295 Interest on lease liabilities 700 527 465 Variable lease expense 23,188 21,864 20,838 Sublease income (1,948 ) (1,735 ) (736 ) Total expense $ 73,815 $ 67,080 $ 64,538
Schedule of future payments of finance lease liabilities	Future Lease Payments Operating Leases Finance Leases Total 2020 $ 47,632 $ 3,525 $ 51,157 2021 42,244 3,133 45,377 2022 33,945 2,560 36,505 2023 27,122 1,899 29,021 2024 23,165 1,042 24,207 Thereafter 97,867 277 98,144 Total 271,975 12,436 284,411 Less: present value discount 58,204 1,630 59,834 Lease liability $ 213,771 $ 10,806 $ 224,577
Schedule of future payments of operating lease liabilities	Operating lease expense includes immaterial amounts related to leases with terms of 12 months or less. Future Lease Payments Operating Leases Finance Leases Total 2020 $ 47,632 $ 3,525 $ 51,157 2021 42,244 3,133 45,377 2022 33,945 2,560 36,505 2023 27,122 1,899 29,021 2024 23,165 1,042 24,207 Thereafter 97,867 277 98,144 Total 271,975 12,436 284,411 Less: present value discount 58,204 1,630 59,834 Lease liability $ 213,771 $ 10,806 $ 224,577
Schedule of weighted-average remaining lease terms and weighted-average discount rates	At December 31, 2019, there were no operating leases signed but not yet commenced. Lease Term and Discount Rate December 31, 2019 December 31, 2018 Weighted-average remaining lease term Operating leases 7.7 years 7.2 years Finance leases 3.9 years 4.1 years Weighted-average discount rate Operating leases 6.1% 4.5% Finance leases 6.8% 6.2%
Schedule of supplemental cash flow information	Years Ended December 31, Cash Flow Information 2019 2018 2017 Operating cash outflows - operating leases $ 44,252 $ 40,599 $ 39,192 Operating cash outflows - finance leases $ 700 $ 527 $ 465 Financing cash outflows - finance leases $ 3,096 $ 2,564 $ 2,185 Leased assets obtained in exchange for new lease obligations Operating leases $ 87,160 $ 36,260 $ 33,788 Finance leases $ 4,072 $ 5,715 $ 3,325

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity	The following table summarizes the changes in shares of Common Stock outstanding and Treasury Stock: Common Stock Outstanding Treasury Stock Balance at December 31, 2016 185,668,718 137,669,194 Issuance of common stock 881,480 (881,480 ) Conversions to common stock 53,540 (53,540 ) Balance at December 31, 2017 186,603,738 136,734,174 Issuance of common stock 1,043,809 (1,043,809 ) Conversions to common stock 27,535 (27,535 ) Balance at December 31, 2018 187,675,082 135,662,830 Repurchases of common stock (18,595,315 ) 18,595,315 Issuance of common stock 1,276,797 (1,276,797 ) Conversions to common stock 92,379 (92,379 ) Balance at December 31, 2019 170,448,943 152,888,969

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications out of accumulated other comprehensive loss were as follows: Amounts Reclassified from AOCI (a) Years Ended December 31, 2019 2018 2017 Gain (loss) on cash flow hedges Revenue $ 72 $ 11 $ (179 ) Cost of sales 104 51 (32 ) Interest expense — (1,183 ) (2,028 ) Loss on extinguishment of debt — (1,267 ) — Total before tax 176 (2,388 ) (2,239 ) Tax provision (benefit) 44 (941 ) (872 ) Net of tax $ 132 $ (1,447 ) $ (1,367 ) Gain (loss) on available for sale securities Interest income (expense) $ 1,079 $ 3,244 $ (520 ) Tax provision (benefit) 270 821 (201 ) Net of tax $ 809 $ 2,423 $ (319 ) Pension and Postretirement Benefit Plans (b) Transition asset $ 6 $ 7 $ 8 Prior service costs (504 ) (173 ) (166 ) Actuarial losses (34,509 ) (41,610 ) (40,606 ) Settlement (2,778 ) (44,898 ) — Total before tax (37,785 ) (86,674 ) (40,764 ) Tax benefit (9,497 ) (21,675 ) (13,936 ) Net of tax $ (28,288 ) $ (64,999 ) $ (26,828 ) (a) Amounts in parentheses indicate reductions to income and increases to other comprehensive income. (b) Reclassified from accumulated other comprehensive loss to other components of net pension and postretirement cost. These amounts are included in net periodic costs for defined benefit pension plans and nonpension postretirement benefit plans (see Note 14 for additional details).
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in accumulated other comprehensive income (loss) were as follows: Cash flow hedges Available-for-sale securities Pension and postretirement benefit plans Foreign currency adjustments Total Balance January 1, 2017 $ (1,485 ) $ 120 $ (787,813 ) $ (150,955 ) $ (940,133 ) Other comprehensive loss before reclassifications (a) (288 ) 1,158 12,185 103,624 116,679 Amounts reclassified from accumulated other comprehensive loss (a), (b) 1,367 319 26,828 — 28,514 Net other comprehensive income (loss) 1,079 1,477 39,013 103,624 145,193 Balance at December 31, 2017 (406 ) 1,597 (748,800 ) (47,331 ) (794,940 ) Cumulative effect of accounting change (87 ) 344 (116,490 ) — (116,233 ) Restated balance at December 31, 2017 (493 ) 1,941 (865,290 ) (47,331 ) (911,173 ) Other comprehensive loss before reclassifications (a) (763 ) (2,579 ) (46,170 ) (52,299 ) (101,811 ) Amounts reclassified from accumulated other comprehensive loss (a), (b) 1,447 (2,423 ) 64,999 — 64,023 Net other comprehensive income (loss) 684 (5,002 ) 18,829 (52,299 ) (37,788 ) Balance at December 31, 2018 191 (3,061 ) (846,461 ) (99,630 ) (948,961 ) Other comprehensive loss before reclassifications (a) 278 6,719 (845 ) 75,319 81,471 Amounts reclassified from accumulated other comprehensive loss (a), (b) (132 ) (809 ) 28,288 — 27,347 Net other comprehensive loss 146 5,910 27,443 75,319 108,818 Balance at December 31, 2019 $ 337 $ 2,849 $ (819,018 ) $ (24,311 ) $ (840,143 ) (a) Amounts are net of tax. Amounts in parentheses indicate debits to AOCI. (b) See table above for additional details of these reclassifications.

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	The following table summarizes information about RSUs: 2019 2018 Shares Weighted average grant date fair value Shares Weighted average grant date fair value Outstanding - beginning of the year 3,228,339 $ 13.33 2,651,053 $ 14.16 Granted 3,113,886 6.56 1,754,098 12.36 Vested (1,360,219 ) 11.90 (963,010 ) 11.41 Forfeited (501,159 ) 8.71 (213,802 ) 13.26 Outstanding - end of the year 4,480,847 $ 9.51 3,228,339 $ 13.33
Schedule of Share-based Compensation, Performance Stock Units Award Activity	The following table summarizes share information about PSUs: 2019 2018 Shares Weighted average grant date fair value Shares Weighted average grant date fair value Outstanding - beginning of the year 1,653,004 $ 13.08 1,145,025 $ 13.43 Granted 1,368,182 6.60 733,148 12.64 Vested — — (91,493 ) 12.21 Forfeited (242,824 ) 9.65 (133,676 ) 14.26 Outstanding - end of the year 2,778,362 $ 10.09 1,653,004 $ 13.08
Schedule of Share-based Compensation, Stock Options, Activity	The following table summarizes information about stock option activity: 2019 2018 Shares Per share weighted average exercise prices Shares Per share weighted average exercise prices Options outstanding - beginning of the year 13,593,156 $ 15.30 10,495,039 $ 21.67 Granted 869,297 6.57 4,932,467 8.47 Canceled (533,921 ) 11.06 (258,509 ) 13.09 Expired (1,105,848 ) 24.75 (1,575,841 ) 36.86 Options outstanding - end of the year 12,822,684 $ 14.08 13,593,156 $ 15.30 Options exercisable - end of the year 7,288,614 $ 18.49 6,824,433 $ 20.23
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range	The following table provides additional information about stock options outstanding and exercisable at December 31, 2019 : Options Outstanding Options Exercisable Range of per share exercise prices Shares Per share weighted-average exercise price Weighted-average remaining contractual life Shares Per share weighted-average exercise price Weighted-average remaining contractual life $4.32 - $8.55 3,855,770 $ 6.18 9.0 years — $ — — $12.64 - $19.45 6,001,756 14.36 6.6 years 4,323,456 14.86 6.2 years $21.54 - $26.07 2,965,158 23.77 1.6 years 2,965,158 23.77 1.6 years 12,822,684 $ 14.08 6.2 years 7,288,614 $ 18.49 4.3 years
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The following table lists the weighted average of assumptions used to calculate the fair value of stock options granted: Years Ended December 31, 2019 2018 2017 Expected dividend yield 3.0 % 9.9 % 5.7 % Expected stock price volatility 41.5 % 37.8 % 29.7 % Risk-free interest rate 2.5 % 2.8 % 2.3 % Expected life 5 years 7 years 7 years Weighted-average fair value per option granted $1.98 $1.26 $2.00 Fair value of options granted $1,722 $6,229 $5,107

Quarterly Financial Data (una_2

Quarterly Financial Data (unaudited) (Tables)	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Schedule of Quarterly Financial Information	First Quarter Second Quarter Third Quarter Fourth Quarter Total 2019 Revenue $ 795,084 $ 788,573 $ 790,125 $ 831,343 $ 3,205,125 Cost of revenue 467,187 468,227 467,805 518,920 1,922,139 Operating expenses 322,620 287,312 341,870 304,042 1,255,844 Income (loss) from continuing operations before income taxes 5,277 33,034 (19,550 ) 8,381 27,142 Provision (benefit) for income taxes 7,820 3,724 (24,895 ) 344 (13,007 ) (Loss) income from continuing operations (2,543 ) 29,310 5,345 8,037 40,149 (Loss) income from discontinued operations (116 ) (5,613 ) (8,470 ) 168,659 154,460 Net (loss) income $ (2,659 ) $ 23,697 $ (3,125 ) $ 176,696 $ 194,609 Basic (loss) earnings per share (1) Continuing operations $ (0.01 ) $ 0.17 $ 0.03 $ 0.05 $ 0.23 Discontinued operations — (0.03 ) (0.05 ) 0.99 0.88 Net income $ (0.01 ) $ 0.13 $ (0.02 ) $ 1.04 $ 1.10 Diluted (loss) earnings per share (1) Continuing operations $ (0.01 ) $ 0.16 $ 0.03 $ 0.05 $ 0.23 Discontinued operations — (0.03 ) (0.05 ) 0.98 0.87 Net income $ (0.01 ) $ 0.13 $ (0.02 ) $ 1.03 $ 1.10 First Quarter Second Quarter Third Quarter Fourth Quarter Total 2018 Revenue $ 820,289 $ 773,538 $ 760,281 $ 857,414 $ 3,211,522 Cost of revenues 444,032 426,818 419,311 500,113 1,790,274 Operating expenses 310,300 308,077 295,782 318,968 1,233,127 Income from continuing operations before income taxes 65,957 38,643 45,188 38,333 188,121 Provision (benefit) for income taxes 17,498 2,205 (2,468 ) (10,819 ) 6,416 Income from continuing operations 48,459 36,438 47,656 49,152 181,705 Income from discontinued operations 11,511 15,157 32,621 817 60,106 Net income $ 59,970 $ 51,595 $ 80,277 $ 49,969 $ 241,811 Basic earnings per share (1) : Continuing operations $ 0.26 $ 0.19 $ 0.25 $ 0.26 $ 0.97 Discontinued operations 0.06 0.08 0.17 — 0.32 Net income $ 0.32 $ 0.28 $ 0.43 $ 0.27 $ 1.29 Diluted earnings per share (1): Continuing operations $ 0.26 $ 0.19 $ 0.25 $ 0.26 $ 0.96 Discontinued operations 0.06 0.08 0.17 — 0.32 Net income $ 0.32 $ 0.27 $ 0.43 $ 0.26 $ 1.28 (1) The sum of earnings per share amounts may not equal the totals due to rounding.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)market	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jan. 01, 2019USD ($)	Jan. 01, 2018USD ($)
Property, Plant and Equipment [Line Items]
Other receivables	$ 91,000	$ 75,000
Research and development	51,258	58,523	$ 60,857
Selling, general and administrative	1,003,989	1,002,935	1,029,494
Decrease in short-term finance receivables	629,643	653,236
Increase in long-term finance receivables	625,487	635,908
Deferred Charges
Unamortized contract costs	26,048	20,420
Amortization expense	7,000	9,000
New Accounting Pronouncements
Retained earnings	$ 5,438,930	5,279,682
ASU 2014-09
New Accounting Pronouncements
Retained earnings					$ 9,000
ASU 2016-06
New Accounting Pronouncements
Retained earnings		3,000
ASU 2018-02
New Accounting Pronouncements
Retained earnings		116,000
ASU 2016-02
New Accounting Pronouncements
Retained earnings				$ (137,000)
Maximum
Intangible assets
Finite-lived intangible assets, estimated useful lives	10 years
Buildings
Fixed Assets
Estimated useful lives	50 years
Building improvements | Minimum
Fixed Assets
Estimated useful lives	10 years
Building improvements | Maximum
Fixed Assets
Estimated useful lives	20 years
Software development costs | Minimum
Fixed Assets
Estimated useful lives	3 years
Machinery and equipment | Minimum
Fixed Assets
Estimated useful lives	3 years
Machinery and equipment | Maximum
Fixed Assets
Estimated useful lives	12 years
Rental equipment | Minimum
Fixed Assets
Estimated useful lives	4 years
Rental equipment | Maximum
Fixed Assets
Estimated useful lives	6 years
Disposed of by Sale
Property, Plant and Equipment [Line Items]
Number of smaller markets sold | market	6
Loss on sale	$ 181,313	60,611
Other receivables	24,000
Rentals
Property, Plant and Equipment [Line Items]
Cost of products and sales	31,530	37,178	33,741
Support services
Property, Plant and Equipment [Line Items]
Cost of products and sales	162,300	178,495	173,555
Adjustment
Property, Plant and Equipment [Line Items]
Research and development		(29,000)	(15,000)
Cost of products and sales		(13,000)	(3,000)
Selling, general and administrative		(30,000)	(11,000)
Decrease in short-term finance receivables		106,000
Decrease in advance billings		6,000
Increase in long-term finance receivables		100,000
Adjustment | Equipment Sales
Property, Plant and Equipment [Line Items]
Cost of products and sales		(12,000)	(7,000)
Adjustment | Equipment Sales | Income Statement Adjustment
Property, Plant and Equipment [Line Items]
Cost of products and sales		(5,000)	(3,000)
Adjustment | Rentals | Income Statement Adjustment
Property, Plant and Equipment [Line Items]
Cost of products and sales		(3,000)
Adjustment | Support services | Income Statement Adjustment
Property, Plant and Equipment [Line Items]
Cost of products and sales		8,000	$ 6,000
Other Assets
Deferred Charges
Unamortized contract costs	26,000	$ 20,000
Other Expense | Disposed of by Sale
Property, Plant and Equipment [Line Items]
Loss on sale	$ 18,000

Revenue (Disaggregates of Reven

Revenue (Disaggregates of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing									$ 3,205,125	$ 3,211,522	$ 2,784,007
Revenue	$ 831,343	$ 790,125	$ 788,573	$ 795,084	$ 857,414	$ 760,281	$ 773,538	$ 820,289	3,205,125	3,211,522	2,784,007
ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services									2,484,837	2,425,862	2,003,323
Products/services transferred at a point in time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services									334,046	386,844	421,470
Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services									2,150,791	2,039,018	1,581,853
Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services									1,710,801	1,566,470	1,071,021
Revenue from leasing transactions and financing									0	0	0
Revenue									1,710,801	1,566,470	1,071,021
Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services									506,187	552,472	581,474
Revenue from leasing transactions and financing									0	0	0
Revenue									506,187	552,472	581,474
Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services									0	0	0
Revenue from leasing transactions and financing									368,090	394,557	406,395
Revenue									368,090	394,557	406,395
Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services									80,562	88,616	119,416
Revenue from leasing transactions and financing									271,542	307,036	281,288
Revenue									352,104	395,652	400,704
Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services									187,287	218,304	231,412
Revenue from leasing transactions and financing									0	0	0
Revenue									187,287	218,304	231,412
Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services									0	0	0
Revenue from leasing transactions and financing									80,656	84,067	93,001
Revenue									80,656	84,067	93,001
Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services									2,484,837	2,425,862	2,003,323
Revenue from leasing transactions and financing									720,288	785,660	780,684
Revenue									3,205,125	3,211,522	2,784,007
Global Ecommerce
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing									1,151,510	1,022,862	552,242
Global Ecommerce | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services									1,151,510	1,022,862	552,242
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
Global Ecommerce | Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services									1,151,510	1,022,862	552,242
Global Ecommerce | Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services									1,151,510	1,022,862	551,678
Global Ecommerce | Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services									0	0	564
Global Ecommerce | Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services									0	0	0
Revenue from leasing transactions and financing									0	0	0
Global Ecommerce | Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services									0	0	0
Revenue from leasing transactions and financing									0	0	0
Global Ecommerce | Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services									0	0	0
Global Ecommerce | Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services									0	0	0
Revenue from leasing transactions and financing									0	0	0
Global Ecommerce | Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services									1,151,510	1,022,862	552,242
Presort Services
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing									529,588	515,795	497,901
Presort Services | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services									529,588	515,795	497,901
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
Presort Services | Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services									529,588	515,795	497,901
Presort Services | Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services									529,588	515,795	497,901
Presort Services | Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services									0	0	0
Presort Services | Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services									0	0	0
Revenue from leasing transactions and financing									0	0	0
Presort Services | Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services									0	0	0
Revenue from leasing transactions and financing									0	0	0
Presort Services | Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services									0	0	0
Presort Services | Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services									0	0	0
Revenue from leasing transactions and financing									0	0	0
Presort Services | Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services									529,588	515,795	497,901
SendTech Solutions
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing									1,524,027	1,672,865	1,733,864
SendTech Solutions | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services									803,739	887,205	953,180
SendTech Solutions | Products/services transferred at a point in time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services									334,046	386,844	421,470
SendTech Solutions | Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services									469,693	500,361	531,710
SendTech Solutions | Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services									29,703	27,813	21,442
SendTech Solutions | Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services									506,187	552,472	580,910
SendTech Solutions | Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services									0	0	0
Revenue from leasing transactions and financing									368,090	394,557	406,395
SendTech Solutions | Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services									80,562	88,616	119,416
Revenue from leasing transactions and financing									271,542	307,036	281,288
SendTech Solutions | Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services									187,287	218,304	231,412
SendTech Solutions | Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services									0	0	0
Revenue from leasing transactions and financing									80,656	84,067	93,001
SendTech Solutions | Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services									$ 803,739	$ 887,205	$ 953,180

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Advanced billings, revenue recognized	$ 112
Expected timing of satisfaction period	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 (Advance Billings) (Det

Revenue (Advance Billings) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Advance billings, current	$ 92,464	$ 111,829
Advance billings, noncurrent	1,245	$ 1,985
Increase (decrease)
Advance billings, current	(19,365)
Advance billings, noncurrent	$ (740)

Revenue (Future Performance Obl

Revenue (Future Performance Obligations) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01 | Sending Technology Solutions
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Future performance obligations	$ 288,689
Expected timing of satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01 | Sending Technology Solutions
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Future performance obligations	$ 223,759
Expected timing of satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01 | Sending Technology Solutions
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Future performance obligations	$ 774,395
Expected timing of satisfaction period	3 years

Segment Information (Revenues)

Segment Information (Revenues) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Revenue	$ 831,343	$ 790,125	$ 788,573	$ 795,084	$ 857,414	$ 760,281	$ 773,538	$ 820,289	$ 3,205,125	$ 3,211,522	$ 2,784,007
United States
Segment Reporting Information [Line Items]
Revenue									2,745,928	2,679,300	2,262,249
Outside United States
Segment Reporting Information [Line Items]
Revenue									459,197	532,222	521,758
Commerce Services
Segment Reporting Information [Line Items]
Total from contracts with customers									1,681,098	1,538,657	1,050,143
Commerce Services | Global Ecommerce
Segment Reporting Information [Line Items]
Total from contracts with customers									1,151,510	1,022,862	552,242
Commerce Services | Presort Services
Segment Reporting Information [Line Items]
Total from contracts with customers									529,588	515,795	497,901
SendTech Solutions
Segment Reporting Information [Line Items]
Total from contracts with customers									$ 1,524,027	$ 1,672,865	$ 1,733,864

Segment Information (EBIT) (Det

Segment Information (EBIT) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciling items:
Restructuring charges and asset impairments, net									$ (69,606)	$ (25,899)	$ (44,849)
Loss on extinguishment of debt									(24,306)	(7,964)	(3,856)
(Benefit) provision for income taxes	$ (344)	$ 24,895	$ (3,724)	$ (7,820)	$ 10,819	$ 2,468	$ (2,205)	$ (17,498)	13,007	(6,416)	(13,659)
Income from continuing operations									40,149	181,705	180,039
Income from discontinued operations, net of tax	$ 168,659	$ (8,470)	$ (5,613)	$ (116)	$ 817	$ 32,621	$ 15,157	$ 11,511	154,460	60,106	63,489
Net income									194,609	241,811	243,528
Commerce Services | Global Ecommerce
Segment Reporting Information [Line Items]
EBIT									(70,146)	(32,379)	(17,899)
Commerce Services | Presort Services
Segment Reporting Information [Line Items]
EBIT									70,693	73,768	97,506
Operating Segments
Segment Reporting Information [Line Items]
EBIT									490,869	600,348	632,873
Operating Segments | Commerce Services
Segment Reporting Information [Line Items]
EBIT									547	41,389	79,607
Operating Segments | SendTech Solutions
Segment Reporting Information [Line Items]
EBIT									490,322	558,959	553,266
Reconciling Items
Reconciling items:
Interest, net									(155,558)	(159,757)	(164,162)
Unallocated corporate expenses									(211,529)	(185,919)	(219,924)
Restructuring charges and asset impairments, net									(69,606)	(25,899)	(44,849)
Pension settlement									0	(31,329)	0
Loss on Market Exits									(17,683)	0	0
Transaction costs									(2,728)	(1,359)	(6,384)
Loss on extinguishment of debt									$ (6,623)	$ (7,964)	$ (3,856)

Segment Information (Depreciati

Segment Information (Depreciation and Amortization) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 159,142	$ 148,464	$ 126,790
Digital Commerce Solutions | Global Ecommerce
Segment Reporting Information [Line Items]
Depreciation and amortization	68,385	61,046	36,786
Digital Commerce Solutions | Presort Services
Segment Reporting Information [Line Items]
Depreciation and amortization	29,440	26,838	26,541
Corporate
Segment Reporting Information [Line Items]
Depreciation and amortization	21,559	21,476	24,104
Operating Segments
Segment Reporting Information [Line Items]
Depreciation and amortization	137,583	126,988	102,686
Operating Segments | Digital Commerce Solutions
Segment Reporting Information [Line Items]
Depreciation and amortization	97,825	87,884	63,327
Operating Segments | SendTech Solutions
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 39,758	$ 39,104	$ 39,359

Segment Information (Capital Ex

Segment Information (Capital Expenditures) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Capital expenditures	$ 137,253	$ 137,810	$ 118,247
Commerce Services | Global Ecommerce
Segment Reporting Information [Line Items]
Capital expenditures	53,374	46,073	26,810
Commerce Services | Presort Services
Segment Reporting Information [Line Items]
Capital expenditures	27,394	42,531	20,860
Corporate
Segment Reporting Information [Line Items]
Capital expenditures	24,209	24,558	30,132
Operating Segments
Segment Reporting Information [Line Items]
Capital expenditures	113,044	113,252	88,115
Operating Segments | Commerce Services
Segment Reporting Information [Line Items]
Capital expenditures	80,768	88,604	47,670
Operating Segments | SendTech Solutions
Segment Reporting Information [Line Items]
Capital expenditures	$ 32,276	$ 24,648	$ 40,445

Segment Information (Assets) (D

Segment Information (Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Assets	$ 5,466,900	$ 5,938,419	$ 6,634,606
Cash and cash equivalents	924,442	867,262
Identifiable long-lived assets	417,402	444,729	416,640
United States
Segment Reporting Information [Line Items]
Identifiable long-lived assets	399,234	424,706	389,944
Outside United States
Segment Reporting Information [Line Items]
Identifiable long-lived assets	18,168	20,023	26,696
Commerce Services | Global Ecommerce
Segment Reporting Information [Line Items]
Assets	1,102,313	1,023,732	1,016,045
Commerce Services | Presort Services
Segment Reporting Information [Line Items]
Assets	524,817	431,512	387,701
Operating Segments
Segment Reporting Information [Line Items]
Assets	3,779,864	3,781,041	3,857,840
Operating Segments | Commerce Services
Segment Reporting Information [Line Items]
Assets	1,627,130	1,455,244	1,403,746
Operating Segments | SendTech Solutions
Segment Reporting Information [Line Items]
Assets	2,152,734	2,325,797	2,454,094
Reconciling Items
Segment Reporting Information [Line Items]
Cash and cash equivalents	924,442	867,262	1,009,021
Short-term investments	115,879	59,391	48,988
Assets of discontinued operations	17,229	602,823	923,012
Other corporate assets	$ 629,486	$ 627,902	$ 795,745

Discontinued Operations (Narrat

Discontinued Operations (Narrative) (Details) $ in Millions	Dec. 02, 2019USD ($)
DMT | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of businesses, net of cash transferred	$ 700

Discontinued Operations (Financ

Discontinued Operations (Financial Information) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations, net of tax	$ 168,659	$ (8,470)	$ (5,613)	$ (116)	$ 817	$ 32,621	$ 15,157	$ 11,511	$ 154,460	$ 60,106	$ 63,489
Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue									272,565	552,397	758,300
Earnings (loss) from discontinued operations									21,497	68,539
Gain (loss) on sale									181,313	60,611
Income (loss) from discontinued operations before taxes									202,810	129,150	95,460
Tax provision									48,350	69,044	31,971
Income from discontinued operations, net of tax									154,460	60,106	63,489
Software Solutions | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue									272,565	340,855	331,624
Earnings (loss) from discontinued operations									22,160	49,587
Gain (loss) on sale									195,957	0
Income (loss) from discontinued operations before taxes									218,117	49,587	34,386
Production Mail | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue									0	211,542	426,676
Earnings (loss) from discontinued operations									(663)	18,952
Gain (loss) on sale									(14,644)	60,611
Income (loss) from discontinued operations before taxes									$ (15,307)	$ 79,563	$ 61,074

Discontinued Operations (Assets

Discontinued Operations (Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 0	$ 1,965	$ 0
DMT | 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	3,241	85,399
Inventories	0	855
Other current assets and prepayments	2,550	26,121
Property, plant and equipment, net	152	12,140
Rental property and equipment, net	0	179
Goodwill	9,562	434,160
Intangible assets, net	0	13,937
Operating lease assets	0	4,234
Other assets	1,724	23,833
Assets of discontinued operations	17,229	602,823
Accounts payable and accrued liabilities	4,340	44,917
Current operating lease liabilities	0	2,000
Advance billings	5,373	113,110
Noncurrent operating lease liabilities	0	1,943
Other noncurrent liabilities	0	12,828
Liabilities of discontinued operations	$ 9,713	174,798
Accumulated impairment charges		$ 148,000

Earnings per Share (EPS) (Detai

Earnings per Share (EPS) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019		Dec. 31, 2018		Dec. 31, 2017
Numerator:
Income from continuing operations									$ 40,149		$ 181,705		$ 180,039
Income from discontinued operations, net of tax	$ 168,659	$ (8,470)	$ (5,613)	$ (116)	$ 817	$ 32,621	$ 15,157	$ 11,511	154,460		60,106		63,489
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest									194,609		241,811		243,528
Less: Preference stock dividend									8		32		36
Income attributable to common stockholders (numerator for basic EPS)									$ 194,601		$ 241,779		$ 243,492
Denominator:
Weighted-average shares used in basic EPS (in shares)									176,251		187,277		186,332
Dilutive effect of common stock equivalents (shares)									1,198		1,105		1,103
Weighted-average shares used in diluted EPS (in shares)									177,449		188,382		187,435
Basic earnings per share
Continuing operations (in dollars per share)	$ 0.05	$ 0.03	$ 0.17	$ (0.01)	$ 0.26	$ 0.25	$ 0.19	$ 0.26	$ 0.23	[1]	$ 0.97	[1]	$ 0.97	[1]
Discontinued operations (in dollars per share)	0.99	(0.05)	(0.03)	0	0	0.17	0.08	0.06	0.88	[1]	0.32	[1]	0.34	[1]
Net income (in dollars per share)	1.04	(0.02)	0.13	(0.01)	0.27	0.43	0.28	0.32	1.10	[1]	1.29	[1]	1.31	[1]
Diluted earnings per share
Continuing operations (in dollars per share)	0.05	0.03	0.16	(0.01)	0.26	0.25	0.19	0.26	0.23	[1]	0.96	[1]	0.96	[1]
Discontinued operations (in dollars per share)	0.98	(0.05)	(0.03)	0	0	0.17	0.08	0.06	0.87	[1]	0.32	[1]	0.34	[1]
Net income (in dollars per share)	$ 1.03	$ (0.02)	$ 0.13	$ (0.01)	$ 0.26	$ 0.43	$ 0.27	$ 0.32	$ 1.10	[1]	$ 1.28	[1]	$ 1.30	[1]
Anti-dilutive options excluded from diluted earnings per share (in shares)									15,751		12,089		10,267
[1]	The sum of the earnings per share amounts may not equal the totals due to rounding.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 13,514	$ 8,229
Supplies and service parts	21,840	21,841
Finished products	36,969	36,692
Inventory at FIFO cost, net	72,323	66,762
Excess of FIFO cost over LIFO cost	(4,072)	(4,483)
Total inventory, net	$ 68,251	$ 62,279

Finance Assets and Lessor Ope_3

Finance Assets and Lessor Operating Leases (Finance Receivables) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Net investment in receivables	$ 1,255,130	$ 1,289,144
North America
Financing Receivable, Past Due [Line Items]
Net investment in receivables	1,059,926	1,063,371
International
Financing Receivable, Past Due [Line Items]
Net investment in receivables	195,204	225,773
Sales-type lease receivables
Financing Receivable, Past Due [Line Items]
Receivables	1,280,054	1,352,934
Unguaranteed residual values	53,723	65,409
Unearned income	(385,169)	(438,566)
Allowance for credit losses	(13,005)	(12,608)
Net investment in receivables	935,603	967,169
Sales-type lease receivables | North America
Financing Receivable, Past Due [Line Items]
Receivables	1,055,852	1,110,898
Unguaranteed residual values	41,934	52,637
Unearned income	(319,281)	(383,453)
Allowance for credit losses	(10,920)	(10,253)
Net investment in receivables	767,585	769,829
Sales-type lease receivables | International
Financing Receivable, Past Due [Line Items]
Receivables	224,202	242,036
Unguaranteed residual values	11,789	12,772
Unearned income	(65,888)	(55,113)
Allowance for credit losses	(2,085)	(2,355)
Net investment in receivables	168,018	197,340
Loan receivables
Financing Receivable, Past Due [Line Items]
Receivables	326,173	329,589
Allowance for credit losses	(6,646)	(7,614)
Net investment in receivables	319,527	321,975
Loan receivables | North America
Financing Receivable, Past Due [Line Items]
Receivables	298,247	300,319
Allowance for credit losses	(5,906)	(6,777)
Net investment in receivables	292,341	293,542
Loan receivables | International
Financing Receivable, Past Due [Line Items]
Receivables	27,926	29,270
Allowance for credit losses	(740)	(837)
Net investment in receivables	$ 27,186	$ 28,433
Minimum
Financing Receivable, Past Due [Line Items]
Lease period	3 years
Maximum
Financing Receivable, Past Due [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	Dec. 31, 2019USD ($)
Sales-type lease receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
2020	$ 510,970
2021	364,670
2022	237,954
2023	124,807
2024	39,858
Thereafter	1,795
Total	1,280,054
Sales-type lease receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
2020	422,688
2021	300,669
2022	195,533
2023	102,765
2024	33,309
Thereafter	888
Total	1,055,852
Sales-type lease receivables | International
Accounts, Notes, Loans and Financing Receivable [Line Items]
2020	88,282
2021	64,001
2022	42,421
2023	22,042
2024	6,549
Thereafter	907
Total	224,202
Loan Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
2020	293,017
2021	11,295
2022	9,778
2023	4,649
2024	6,341
Thereafter	1,093
Total	326,173
Loan Receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
2020	265,091
2021	11,295
2022	9,778
2023	4,649
2024	6,341
Thereafter	1,093
Total	298,247
Loan Receivables | International
Accounts, Notes, Loans and Financing Receivable [Line Items]
2020	27,926
2021	0
2022	0
2023	0
2024	0
Thereafter	0
Total	$ 27,926

Finance Assets and Lessor Ope_5

Finance Assets and Lessor Operating Leases (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Allowance for Credit Losses
Balance at	$ 20,222	$ 18,633	$ 20,500
Amounts charged to expense	12,144	16,600	15,607
Accounts written off	(12,715)	(15,011)	(17,474)
Balance at	19,651	20,222	18,633
Sales-type lease receivables | North America
Allowance for Credit Losses
Balance at	10,253	7,721	8,247
Amounts charged to expense	5,672	7,928	7,544
Accounts written off	(5,005)	(5,396)	(8,070)
Balance at	10,920	10,253	7,721
Sales-type lease receivables | International
Allowance for Credit Losses
Balance at	2,355	2,794	2,647
Amounts charged to expense	1,157	1,315	1,280
Accounts written off	(1,427)	(1,754)	(1,133)
Balance at	2,085	2,355	2,794
Loan receivables | North America
Allowance for Credit Losses
Balance at	6,777	7,098	8,517
Amounts charged to expense	4,746	6,825	6,273
Accounts written off	(5,617)	(7,146)	(7,692)
Balance at	5,906	6,777	7,098
Loan receivables | International
Allowance for Credit Losses
Balance at	837	1,020	1,089
Amounts charged to expense	569	532	510
Accounts written off	(666)	(715)	(579)
Balance at	$ 740	$ 837	$ 1,020

Finance Assets and Lessor Ope_6

Finance Assets and Lessor Operating Leases (Aging of Receivables) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Total	$ 1,606,227	$ 1,682,523
1 - 90 days
Financing Receivable, Past Due [Line Items]
Aging of receivables	1,575,429	1,630,609
Greater Than 90 days
Financing Receivable, Past Due [Line Items]
Aging of receivables	30,798	51,914
Still accruing interest	8,131	10,869
Not accruing interest	22,667	41,045
North America | Sales-type lease receivables
Financing Receivable, Past Due [Line Items]
Total	1,055,852	1,110,898
North America | Sales-type lease receivables | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Aging of receivables	1,032,912	1,069,290
North America | Sales-type lease receivables | Greater Than 90 days
Financing Receivable, Past Due [Line Items]
Aging of receivables	22,940	41,608
Still accruing interest	4,835	7,917
Not accruing interest	18,105	33,691
North America | Loan receivables
Financing Receivable, Past Due [Line Items]
Total	298,247	300,319
North America | Loan receivables | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Aging of receivables	294,001	294,126
North America | Loan receivables | Greater Than 90 days
Financing Receivable, Past Due [Line Items]
Aging of receivables	4,246	6,193
Still accruing interest	2,094	1,769
Not accruing interest	2,152	4,424
International | Sales-type lease receivables
Financing Receivable, Past Due [Line Items]
Total	224,202	242,036
International | Sales-type lease receivables | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Aging of receivables	220,819	238,114
International | Sales-type lease receivables | Greater Than 90 days
Financing Receivable, Past Due [Line Items]
Aging of receivables	3,383	3,922
Still accruing interest	1,081	1,111
Not accruing interest	2,302	2,811
International | Loan receivables
Financing Receivable, Past Due [Line Items]
Total	27,926	29,270
International | Loan receivables | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Aging of receivables	27,697	29,079
International | Loan receivables | Greater Than 90 days
Financing Receivable, Past Due [Line Items]
Aging of receivables	229	191
Still accruing interest	121	72
Not accruing interest	$ 108	$ 119

Finance Assets and Lessor Ope_7

Finance Assets and Lessor Operating Leases (Credit Quality) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Sales-type lease receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables	$ 1,280,054	$ 1,352,934
Sales-type lease receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables	1,055,852	1,110,898
Loan receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables	326,173	329,589
Loan receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables	$ 298,247	300,319
Low
Accounts, Notes, Loans and Financing Receivable [Line Items]
Approximate percentage of portfolio	30.00%
Low | Sales-type lease receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables	$ 837,386	922,414
Low | Loan receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables	$ 216,295	238,620
Medium
Accounts, Notes, Loans and Financing Receivable [Line Items]
Approximate percentage of portfolio	40.00%
Medium | Sales-type lease receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables	$ 161,204	131,650
Medium | Loan receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables	$ 63,302	43,952
High
Accounts, Notes, Loans and Financing Receivable [Line Items]
Approximate percentage of portfolio	30.00%
High | Sales-type lease receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables	$ 21,041	22,110
High | Loan receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables	5,140	5,947
Not Scored | Sales-type lease receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables	36,221	34,724
Not Scored | Loan receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Receivables	$ 13,510	$ 11,800

Finance Assets and Lessor Ope_8

Finance Assets and Lessor Operating Leases (Lease Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Receivables [Abstract]
Profit recognized at commencement	$ 142,353	$ 171,938	$ 157,375
Interest income	229,719	245,751	253,224
Total lease income from sales-type leases	$ 372,072	$ 417,689	$ 410,599

Finance Assets and Lessor Ope_9

Finance Assets and Lessor Operating Leases (Operating Leases) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Financing Receivable, Past Due [Line Items]
2020	$ 33,903
2021	17,158
2022	7,836
2023	5,369
2024	1,072
Total	$ 65,338
Mailing Equipment | Maximum
Financing Receivable, Past Due [Line Items]
Term of operating leases	5 years
Mailing Equipment | Minimum
Financing Receivable, Past Due [Line Items]
Term of operating leases	1 year

Fixed Assets (Details)

Fixed Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,217,032	$ 1,156,402
Accumulated depreciation	(840,855)	(757,901)
Property, plant and equipment, net	376,177	398,501
Rental property and equipment	151,195	132,605
Accumulated depreciation	(109,970)	(86,377)
Rental property and equipment, net	41,225	46,228
Depreciation expense	123,000	110,000	$ 99,000
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	9,333	9,333
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	606,420	559,419
Capitalized software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	410,171	401,602
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 191,108	$ 186,048

Acquisitions, Intangible Asse_3

Acquisitions, Intangible Assets and Goodwill (Acquisitions) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Oct. 31, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Acquisitions, net of cash acquired		$ 22,100	$ 10,484	$ 482,853
Newgistics
Business Acquisition [Line Items]
Acquisitions, net of cash acquired	$ 471,000
Revenue				140,000
Pro forma revenue				$ 341,000

Acquisitions, Intangible Asse_4

Acquisitions, Intangible Assets and Goodwill (Intangible Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Finite lived intangible assets
Gross Carrying Amount	$ 310,589	$ 414,922
Accumulated Amortization	(119,949)	(201,722)
Net Carrying Amount	190,640	213,200
Amortization expense	36,000	39,000	$ 28,000
Customer relationships
Finite lived intangible assets
Gross Carrying Amount	265,665	338,320
Accumulated Amortization	(88,550)	(149,539)
Net Carrying Amount	177,115	188,781
Software & technology
Finite lived intangible assets
Gross Carrying Amount	31,600	54,297
Accumulated Amortization	(19,999)	(35,325)
Net Carrying Amount	11,601	18,972
Trademarks & other
Finite lived intangible assets
Gross Carrying Amount	13,324	22,305
Accumulated Amortization	(11,400)	(16,858)
Net Carrying Amount	$ 1,924	$ 5,447

Acquisitions, Intangible Asse_5

Acquisitions, Intangible Assets and Goodwill (Future Amortization) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
2020	$ 33,429
2021	29,972
2022	29,026
2023	26,188
2024	26,188
Thereafter	45,837
Net Carrying Amount	$ 190,640	$ 213,200

Acquisitions, Intangible Asse_6

Acquisitions, Intangible Assets and Goodwill (Goodwill) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill
Balance at	$ 1,332,351	$ 1,334,350
Acquisitions/ dispositions	(5,426)	10,307
Other	(2,746)	(12,306)
Balance at	1,324,179	1,332,351
Commerce Services
Goodwill
Balance at	816,896	807,242
Acquisitions/ dispositions	5,064	10,307
Other	0	(653)
Balance at	821,960	816,896
Commerce Services | Global Ecommerce
Goodwill
Balance at	609,431	602,461
Acquisitions/ dispositions	0	7,623
Other	0	(653)
Balance at	609,431	609,431
Commerce Services | Presort Services
Goodwill
Balance at	207,465	204,781
Acquisitions/ dispositions	5,064	2,684
Other	0	0
Balance at	212,529	207,465
SendTech Solutions
Goodwill
Balance at	515,455	527,108
Acquisitions/ dispositions	(10,490)	0
Other	(2,746)	(11,653)
Balance at	$ 502,219	$ 515,455

Fair Value Measurements and D_3

Fair Value Measurements and Derivative Instruments (Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	$ 667,638	$ 919,371
Total liabilities	(1,402)	(735)
Money market funds / commercial paper
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	401,805	612,647
Equity securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	21,979	19,133
Commingled fixed income securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	20,060	21,711
Government and related securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	82,050	108,577
Corporate debt securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	72,149	56,938
Mortgage-backed / asset-backed securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	66,339	98,334
Foreign exchange contracts
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	3,256	2,031
Total liabilities	(1,402)	(735)
Level 1
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	227,669	321,116
Total liabilities	0	0
Level 1 | Money market funds / commercial paper
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	161,441	220,756
Level 1 | Equity securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Level 1 | Commingled fixed income securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	1,656	1,570
Level 1 | Government and related securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	64,572	98,790
Level 1 | Corporate debt securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Level 1 | Mortgage-backed / asset-backed securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Level 1 | Foreign exchange contracts
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Total liabilities	0	0
Level 2
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	439,969	598,255
Total liabilities	(1,402)	(735)
Level 2 | Money market funds / commercial paper
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	240,364	391,891
Level 2 | Equity securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	21,979	19,133
Level 2 | Commingled fixed income securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	18,404	20,141
Level 2 | Government and related securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	17,478	9,787
Level 2 | Corporate debt securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	72,149	56,938
Level 2 | Mortgage-backed / asset-backed securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	66,339	98,334
Level 2 | Foreign exchange contracts
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	3,256	2,031
Total liabilities	(1,402)	(735)
Level 3
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Total liabilities	0	0
Level 3 | Money market funds / commercial paper
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Level 3 | Equity securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Level 3 | Commingled fixed income securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Level 3 | Government and related securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Level 3 | Corporate debt securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Level 3 | Mortgage-backed / asset-backed securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Level 3 | Foreign exchange contracts
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total assets	0	0
Total liabilities	$ 0	$ 0

Fair Value Measurements and D_4

Fair Value Measurements and Derivative Instruments (Available-For-Sale Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized cost	$ 218,512	$ 270,313
Gross unrealized gains	4,327	218
Gross unrealized losses	(719)	(5,202)
Estimated fair value	222,120	265,329
Government and related securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	80,732	109,776
Gross unrealized gains	1,358	47
Gross unrealized losses	(114)	(1,336)
Estimated fair value	81,976	108,487
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	70,426	58,714
Gross unrealized gains	2,009	4
Gross unrealized losses	(286)	(1,780)
Estimated fair value	72,149	56,938
Commingled fixed income securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	1,675	1,637
Gross unrealized gains	0	0
Gross unrealized losses	(19)	(67)
Estimated fair value	1,656	1,570
Mortgage-backed / asset-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized cost	65,679	100,186
Gross unrealized gains	960	167
Gross unrealized losses	(300)	(2,019)
Estimated fair value	$ 66,339	$ 98,334

Fair Value Measurements and D_5

Fair Value Measurements and Derivative Instruments (Unrealized Holding Losses) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Greater than 12 continuous months	$ 9,227	$ 177,331
Less than 12 continuous months	52,521	48,318
Total	61,748	225,649
Gross unrealized losses
Greater than 12 continuous months	136	4,355
Less than 12 continuous months	583	847
Total	$ 719	$ 5,202

Fair Value Measurements and D_6

Fair Value Measurements and Derivative Instruments (Reconciliation) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Amortized cost
Within 1 year	$ 35,393
After 1 year through 5 years	49,647
After 5 years through 10 years	59,265
After 10 years	74,207
Amortized cost	218,512	$ 270,313
Estimated fair value
Within 1 year	35,495
After 1 year through 5 years	50,426
After 5 years through 10 years	60,345
After 10 years	75,854
Total	$ 222,120	$ 265,329

Fair Value Measurements and D_7

Fair Value Measurements and Derivative Instruments (Held-to-Maturity Securities and Derivative Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Time deposits	$ 383,000
Total net derivative asset	1,854	$ 1,296
Total derivative assets
Derivative [Line Items]
Derivative asset	3,256	2,031
Total derivative liabilities
Derivative [Line Items]
Derivative liability	(1,402)	(735)
Foreign exchange contracts | Derivatives designated as hedging instruments | Other current assets and prepayments
Derivative [Line Items]
Derivative asset	207	61
Foreign exchange contracts | Derivatives designated as hedging instruments | Accounts payable and accrued liabilities
Derivative [Line Items]
Derivative liability	(56)	(104)
Foreign exchange contracts | Derivatives not designated as hedging instruments | Other current assets and prepayments
Derivative [Line Items]
Derivative asset	3,049	1,970
Foreign exchange contracts | Derivatives not designated as hedging instruments | Accounts payable and accrued liabilities
Derivative [Line Items]
Derivative liability	(1,346)	(631)
Cash Flow Hedging
Derivative [Line Items]
Total notional amount of outstanding contracts	7,000	$ 8,000
Cash Flow Hedging | Interest rate contract
Derivative [Line Items]
Total notional amount of outstanding contracts	$ 300,000

Fair Value Measurements and D_8

Fair Value Measurements and Derivative Instruments (Foreign Exchange Contracts) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)	$ 176	$ 62
Foreign exchange contracts
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCI (Effective Portion)	371	106
Interest rate swap
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCI (Effective Portion)	0	(1,776)
Revenue
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)	72	11
Cost of sales
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)	104	51
Interest Expense
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)	0	0
Selling, general and administrative expense | Foreign exchange contracts
Derivative [Line Items]
Derivative Gain (Loss) Recognized in Earnings	$ 5,154	$ (33,453)

Fair Value Measurements and D_9

Fair Value Measurements and Derivative Instruments (Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Carrying value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	$ 2,739,722	$ 3,265,608
Fair value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	$ 2,572,794	$ 3,003,678

Supplemental Balance Sheet In_3

Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Other assets:
Long-term investments	$ 288,963	$ 311,417
Other	20,403	14,502
Contract costs	26,048	20,420
Other	65,042	50,820
Total	400,456	397,159
Accounts payable and accrued liabilities:
Accounts payable	282,125	280,936
Reserve account deposits	591,118	574,777
Customer deposits	115,889	125,574
Employee related liabilities	219,995	208,840
Other	175,681	158,000
Total	1,384,808	1,348,127
Other noncurrent liabilities:
Pension liability	214,742	276,563
Postretirement medical benefits	147,972	149,463
Other	37,804	36,262
Total	$ 400,518	$ 462,288

Restructuring Charges and Ass_3

Restructuring Charges and Asset Impairments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Restructuring Reserve
Balance at	$ 15,449	$ 43,720
Expenses, net	23,705	24,459
Cash payments	(27,148)	(52,730)	$ (26,080)
Balance at	12,006	15,449	43,720
Asset impairment charges	46,000	1,000	4,000
Write-off of capitalized software costs	$ 39,000
Minimum
Restructuring Reserve
Restructuring reserve, payment period	12 months
Maximum
Restructuring Reserve
Restructuring reserve, payment period	24 months
Severance and benefits costs
Restructuring Reserve
Balance at	$ 13,641	42,151
Expenses, net	22,794	18,426
Cash payments	(24,498)	(46,936)
Balance at	11,937	13,641	42,151
Other exit costs
Restructuring Reserve
Balance at	1,808	1,569
Expenses, net	911	6,033
Cash payments	(2,650)	(5,794)
Balance at	$ 69	$ 1,808	$ 1,569

Debt (Long-term Debt) (Details)

Debt (Long-term Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Principal amount	$ 2,765,949	$ 3,296,138
Less: unamortized costs, net	26,227	30,530
Total debt	2,739,722	3,265,608
Less: current portion long-term debt	20,108	199,535
Long-term debt	$ 2,719,614	3,066,073
Notes due | Notes due September 2020
Debt Instrument [Line Items]
Interest rate	4.125%
Principal amount	$ 0	300,000
Notes due | Notes due October 2021
Debt Instrument [Line Items]
Interest rate	4.125%
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	5.20%
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	400,000	630,000
Other debt
Debt Instrument [Line Items]
Principal amount	$ 5,108	$ 5,297

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	Feb. 18, 2020	Dec. 31, 2019	Jun. 30, 2020	Dec. 31, 2019	Feb. 10, 2020
Notes due
Debt Instrument [Line Items]
Loss on extinguishment of debt				$ (6,000,000)
Notes due | Subsequent Event
Debt Instrument [Line Items]
Purchase of debt					$ 950,000,000
2024 Term Loan | Notes due
Debt Instrument [Line Items]
Debt term		5 years
Face amount		$ 400,000,000		$ 400,000,000
Interest rate during period		3.55%
2024 Term Loan | LIBOR | Notes due
Debt Instrument [Line Items]
Basis spread on variable rate		1.75%
2024 Term Loan | LIBOR | Notes due | Subsequent Event
Debt Instrument [Line Items]
Basis spread on variable rate	5.50%
Notes due May 2022 | Notes due
Debt Instrument [Line Items]
Interest rate		4.625%		4.625%
Interest rate increase				0.25%
Notes due May 2022 | Notes due | Forecast
Debt Instrument [Line Items]
Interest rate increase			0.50%
Notes due September 2020 | Notes due
Debt Instrument [Line Items]
Interest rate		4.125%		4.125%
Debt redeemed		$ 300,000,000
Interest rate increase				0.25%
Credit Facility Due January 2021 | Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity		1,000,000,000		$ 1,000,000,000
Credit Facility Due November 2024 | Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 500,000,000		$ 500,000,000
Notes due October 2021 | Notes due
Debt Instrument [Line Items]
Interest rate		4.125%		4.125%
Interest rate increase				0.25%
Notes due October 2021 | Notes due | Forecast
Debt Instrument [Line Items]
Interest rate increase			0.50%
Notes due April 2023 | Notes due
Debt Instrument [Line Items]
Interest rate		5.20%		5.20%
Interest rate increase				0.25%
Notes due April 2023 | Notes due | Forecast
Debt Instrument [Line Items]
Interest rate increase			0.50%
Notes due March 2024 | Notes due
Debt Instrument [Line Items]
Interest rate		4.625%		4.625%
2025 Term Loan | Notes due
Debt Instrument [Line Items]
Debt term		5 years
Face amount		$ 650,000,000		$ 650,000,000
2025 Term Loan | Notes due | Subsequent Event
Debt Instrument [Line Items]
Face amount	$ 850,000,000
Increase In debt	$ 200,000,000

Debt (Maturities of Outstanding

Debt (Maturities of Outstanding Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
2020	$ 20,108
2021	620,000
2022	430,000
2023	440,000
2024	795,000
Thereafter	460,841
Total	$ 2,765,949	$ 3,296,138

Retirement Plans and Postreti_3

Retirement Plans and Postretirement Medical Benefits (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Eligibility age for retiree medical benefits									55 years
Other components of net pension and postretirement cost									$ (4,225)	$ 22,425	$ 5,413
Income from discontinued operations, net of tax	$ 168,659	$ (8,470)	$ (5,613)	$ (116)	$ 817	$ 32,621	$ 15,157	$ 11,511	$ 154,460	60,106	$ 63,489
Percent of all foreign plan assets									77.00%
Fair value of plan assets	$ 516,000				$ 426,000				$ 516,000	$ 426,000
Expected return on plan assets									6.25%	6.25%
Assumed health care cost trend rate	6.50%				7.00%				6.50%	7.00%
Next year's assumed health care cost trend rate	7.00%								7.00%
Assumed health care cost trend rate decline	5.00%								5.00%
Total contributions to defined contribution plans									$ 28,000	$ 31,000
United States
Defined Benefit Plan Disclosure [Line Items]
Next year's anticipated total contributions to pension plans	$ 9,000								9,000
Fair value of plan assets	1,486,325				$ 1,326,296				$ 1,486,325	$ 1,326,296
Expected return on plan assets									6.75%	7.00%	6.75%
United States | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Loss on sale of businesses									$ 45,000
Other components of net pension and postretirement cost									32,000
Income from discontinued operations, net of tax									13,000
Foreign
Defined Benefit Plan Disclosure [Line Items]
Next year's anticipated total contributions to pension plans	10,000								10,000
Fair value of plan assets	$ 516,634				$ 426,446				$ 516,634	$ 426,446

Retirement Plans and Postreti_4

Retirement Plans and Postretirement Medical Benefits (Benefit Obligations and Funded Status) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Amounts recognized in the Consolidated Balance Sheets
Document Fiscal Year Focus	2019
United States
Fair value of plan assets
Fair value of plan assets - beginning of year	$ 1,327,034
Fair value of plan assets - end of year	1,487,018	$ 1,327,034
Foreign
Fair value of plan assets
Fair value of plan assets - beginning of year	562,517
Fair value of plan assets - end of year	668,308	562,517
Pension Benefits | United States
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	1,612,551	1,500,691
Projected benefit obligation
Benefit obligation - beginning of year	1,501,140	1,727,737
Service cost	83	92	$ 132
Interest cost	63,171	61,490	68,611
Plan participants' contributions	0	0
Actuarial loss (gain)	160,390	(124,298)
Foreign currency changes	0	0
Plan amendments	0	0
Settlements and curtailments	(6,684)	(82,273)
Benefits paid	(105,046)	(81,608)
Benefit obligation - end of year	1,613,054	1,501,140	1,727,737
Fair value of plan assets
Fair value of plan assets - beginning of year	1,327,034	1,557,907
Actual return on plan assets	261,579	(73,745)
Company contributions	10,135	6,753
Plan participants' contributions	0	0
Settlements and curtailments	(6,684)	(82,273)
Foreign currency changes	0	0
Benefits paid	(105,046)	(81,608)
Fair value of plan assets - end of year	1,487,018	1,327,034	1,557,907
Amounts recognized in the Consolidated Balance Sheets
Noncurrent asset	383	277
Current liability	(9,019)	(10,975)
Noncurrent liability	(117,401)	(163,408)
Funded status	(126,037)	(174,106)
Pension Benefits | Foreign
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	745,658	659,628
Projected benefit obligation
Benefit obligation - beginning of year	662,644	751,373
Service cost	1,543	2,159	2,274
Interest cost	17,853	18,089	18,836
Plan participants' contributions	6	7
Actuarial loss (gain)	68,385	(41,995)
Foreign currency changes	25,452	(40,559)
Plan amendments	0	9,009
Settlements and curtailments	(2,682)	(6,703)
Benefits paid	(26,259)	(28,736)
Benefit obligation - end of year	746,942	662,644	751,373
Fair value of plan assets
Fair value of plan assets - beginning of year	562,517	632,710
Actual return on plan assets	98,006	(17,043)
Company contributions	10,085	10,939
Plan participants' contributions	6	7
Settlements and curtailments	(1,773)	0
Foreign currency changes	25,726	(35,360)
Benefits paid	(26,259)	(28,736)
Fair value of plan assets - end of year	668,308	562,517	632,710
Amounts recognized in the Consolidated Balance Sheets
Noncurrent asset	20,020	14,225
Current liability	(1,313)	(1,197)
Noncurrent liability	(97,341)	(113,155)
Funded status	(78,634)	(100,127)
Nonpension postretirement benefit plans
Projected benefit obligation
Benefit obligation - beginning of year	166,476	188,841
Service cost	967	1,405	1,727
Interest cost	6,584	6,640	7,100
Plan participants' contributions	3,003	3,200
Actuarial loss (gain)	6,930	(11,304)
Foreign currency changes	674	(1,177)
Settlements and curtailments	0	(533)
Benefits paid	(20,530)	(20,596)
Benefit obligation - end of year	164,104	166,476	188,841
Fair value of plan assets
Fair value of plan assets - beginning of year	0	0
Company contributions	17,527	17,396
Plan participants' contributions	3,003	3,200
Benefits paid	(20,530)	(20,596)
Fair value of plan assets - end of year	0	0	$ 0
Amounts recognized in the Consolidated Balance Sheets
Current liability	(16,132)	(17,013)
Noncurrent liability	(147,972)	(149,463)
Funded status	(164,104)	(166,476)
Nonpension postretirement benefit plans | United States
Projected benefit obligation
Benefit obligation - beginning of year	154,000
Benefit obligation - end of year	$ 150,000	$ 154,000

Retirement Plans and Postreti_5

Retirement Plans and Postretirement Medical Benefits (Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Document Fiscal Year Focus	2019
Fair value of plan assets	$ 516,000	$ 426,000
United States
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	1,612,745	1,500,680
Accumulated benefit obligation	1,612,241	1,500,231
Fair value of plan assets	1,486,325	1,326,296
Foreign
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	615,288	540,798
Accumulated benefit obligation	614,293	538,666
Fair value of plan assets	$ 516,634	$ 426,446

Retirement Plans and Postreti_6

Retirement Plans and Postretirement Medical Benefits (Pretax Amounts Recognized in AOCI) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Document Fiscal Year Focus	2019
Nonpension postretirement benefit plans
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	$ 33,272	$ 28,368
Prior service (credit) cost	502	823
Total	33,774	29,191
United States | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	772,850	809,836
Prior service (credit) cost	(270)	(330)
Transition asset	0	0
Total	772,580	809,506
Foreign | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	315,319	318,474
Prior service (credit) cost	8,317	8,496
Transition asset	(11)	(17)
Total	$ 323,625	$ 326,953

Retirement Plans and Postreti_7

Retirement Plans and Postretirement Medical Benefits (Components of Net Periodic Benefit Cost for Defined Benefit Pension Plans) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Document Fiscal Year Focus	2019
Nonpension postretirement benefit plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 967	$ 1,405	$ 1,727
Interest cost	6,584	6,640	7,100
Amortization of prior service (credit) cost	321	304	297
Amortization of net actuarial loss	2,026	3,048	3,600
Curtailment	0	246	0
Net periodic benefit (income) cost	9,898	11,643	12,724
United States | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	83	92	132
Interest cost	63,171	61,490	68,611
Expected return on plan assets	(92,726)	(101,087)	(97,656)
Amortization of net transition asset	0	0	0
Amortization of prior service (credit) cost	(60)	(60)	(60)
Amortization of net actuarial loss	26,146	31,298	28,954
Special termination benefits	0	0	0
Settlements and curtailments	2,381	44,665	0
Net periodic benefit (income) cost	(1,005)	36,398	(19)
Foreign | Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	1,543	2,159	2,274
Interest cost	17,853	18,089	18,836
Expected return on plan assets	(34,363)	(35,687)	(32,242)
Amortization of net transition asset	(6)	(7)	(8)
Amortization of prior service (credit) cost	243	(71)	(71)
Amortization of net actuarial loss	6,337	7,264	8,052
Special termination benefits	0	208	0
Settlements and curtailments	397	(13)	0
Net periodic benefit (income) cost	$ (7,996)	$ (8,058)	$ (3,159)

Retirement Plans and Postreti_8

Retirement Plans and Postretirement Medical Benefits (Other Changes in Plan Assets and Benefit Obligations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Document Fiscal Year Focus	2019
Nonpension postretirement benefit plans
Defined Benefit Plan Disclosure [Line Items]
Net actuarial (gain) loss	$ 6,931	$ (11,837)
Amortization of net actuarial loss	(2,026)	(3,048)
Amortization of prior service credit (cost)	(321)	(304)
Settlements and curtailments	0	(246)
Total recognized in other comprehensive income	4,584	(15,435)
United States
Defined Benefit Plan Disclosure [Line Items]
Net actuarial (gain) loss	(8,459)	50,534
Plan amendment	0	0
Amortization of net actuarial loss	(26,146)	(31,298)
Amortization of prior service credit (cost)	60	60
Net transition asset	0	0
Settlements and curtailments	(2,381)	(44,665)
Total recognized in other comprehensive income	(36,926)	(25,369)
Foreign
Defined Benefit Plan Disclosure [Line Items]
Net actuarial (gain) loss	3,643	3,824
Plan amendment	0	9,009
Amortization of net actuarial loss	(6,337)	(7,264)
Amortization of prior service credit (cost)	(243)	71
Net transition asset	6	7
Settlements and curtailments	(397)	13
Total recognized in other comprehensive income	$ (3,328)	$ 5,660

Retirement Plans and Postreti_9

Retirement Plans and Postretirement Medical Benefits (Weighted-Average Actuarial Assumptions) (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Document Fiscal Year Focus	2019
Expected return on plan assets	6.25%	6.25%
United States
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.34%	4.34%	3.69%
Discount rate	4.34%	3.69%	4.20%
Expected return on plan assets	6.75%	7.00%	6.75%
Foreign | Minimum
Defined Benefit Plan Disclosure [Line Items]
Discount rate	0.65%	0.75%	0.65%
Discount rate	0.75%	0.65%	0.70%
Expected return on plan assets	4.25%	3.75%	3.75%
Rate of compensation increase	1.50%	1.50%	1.50%
Rate of compensation increase	1.50%	1.50%	1.50%
Foreign | Maximum
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.95%	3.55%	3.35%
Discount rate	3.55%	3.35%	3.65%
Expected return on plan assets	6.25%	6.25%	6.25%
Rate of compensation increase	2.50%	2.50%	2.50%
Rate of compensation increase	2.50%	3.25%	3.30%
Pension Benefits | United States
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.20%	4.20%	3.55%
Discount rate	4.20%	3.55%	3.90%
Pension Benefits | Canada
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.00%	3.60%	3.35%
Discount rate	3.60%	3.35%	3.65%

Retirement Plans and Postret_10

Retirement Plans and Postretirement Medical Benefits (Target Asset Allocation) (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Document Fiscal Year Focus	2019
United States
Defined Benefit Plan Disclosure [Line Items]
Target allocation	100.00%
Percent of Plan Assets	100.00%	100.00%
United States | Equities
Defined Benefit Plan Disclosure [Line Items]
Target allocation	30.00%
Percent of Plan Assets	30.00%	26.00%
United States | Fixed income
Defined Benefit Plan Disclosure [Line Items]
Target allocation	63.00%
Percent of Plan Assets	63.00%	64.00%
United States | Real estate
Defined Benefit Plan Disclosure [Line Items]
Target allocation	5.00%
Percent of Plan Assets	5.00%	7.00%
United States | Private equity
Defined Benefit Plan Disclosure [Line Items]
Target allocation	2.00%
Percent of Plan Assets	2.00%	3.00%
Foreign
Defined Benefit Plan Disclosure [Line Items]
Target allocation	100.00%
Percent of Plan Assets	100.00%	100.00%
Foreign | Equities
Defined Benefit Plan Disclosure [Line Items]
Target allocation	30.00%
Percent of Plan Assets	35.00%	38.00%
Foreign | Fixed income
Defined Benefit Plan Disclosure [Line Items]
Target allocation	50.00%
Percent of Plan Assets	46.00%	41.00%
Foreign | Real estate
Defined Benefit Plan Disclosure [Line Items]
Target allocation	10.00%
Percent of Plan Assets	9.00%	10.00%
Foreign | Diversified growth
Defined Benefit Plan Disclosure [Line Items]
Target allocation	10.00%
Percent of Plan Assets	9.00%	10.00%
Foreign | Cash
Defined Benefit Plan Disclosure [Line Items]
Target allocation	0.00%
Percent of Plan Assets	1.00%	1.00%

Retirement Plans and Postret_11

Retirement Plans and Postretirement Medical Benefits (Fair Value Measurements of Plan Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Document Fiscal Year Focus	2019
Total assets	$ 667,638	$ 919,371
Cash and cash equivalents	924,442	867,262
Other	20,403	14,502
Level 1
Defined Benefit Plan Disclosure [Line Items]
Total assets	227,669	321,116
Level 2
Defined Benefit Plan Disclosure [Line Items]
Total assets	439,969	598,255
Level 3
Defined Benefit Plan Disclosure [Line Items]
Total assets	0	0
Diversified growth funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	47,621	40,766	$ 44,024
United States
Defined Benefit Plan Disclosure [Line Items]
Securities lending payable	(106,886)	(117,603)
Cash and cash equivalents	9,409	11,341
Other	(51,885)	(58,591)
Fair value of plan assets	1,487,018	1,327,034
United States | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	292,506	372,873
United States | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,248,929	989,387
United States | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	94,945	129,627
United States | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,636,380	1,491,887
United States | Money market funds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	3,498
United States | Money market funds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	4,917	5,759
United States | Money market funds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Money market funds | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	4,917	9,257
United States | Equities | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	110,840
United States | Equities | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	265,832	109,864
United States | Equities | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Equities | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	265,832	220,704
United States | Commingled fixed income securities | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Commingled fixed income securities | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	275,335	281,258
United States | Commingled fixed income securities | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Commingled fixed income securities | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	275,335	281,258
United States | Government and related securities | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	292,506	258,535
United States | Government and related securities | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	15,764	16,144
United States | Government and related securities | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Government and related securities | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	308,270	274,679
United States | Corporate debt securities | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Corporate debt securities | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	528,425	435,285
United States | Corporate debt securities | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Corporate debt securities | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	528,425	435,285
United States | Mortgage-backed securities /asset-backed securities | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Mortgage-backed securities /asset-backed securities | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	51,770	23,474
United States | Mortgage-backed securities /asset-backed securities | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Mortgage-backed securities /asset-backed securities | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	51,770	23,474
United States | Private equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	23,608	32,750	38,362
United States | Private equity | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Private equity | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Private equity | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	23,608	32,750
United States | Private equity | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	23,608	32,750
United States | Real estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	71,337	96,877	91,352
United States | Real estate | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Real estate | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Real estate | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	71,337	96,877
United States | Real estate | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	71,337	96,877
United States | Securities lending collateral | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Securities lending collateral | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	106,886	117,603
United States | Securities lending collateral | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
United States | Securities lending collateral | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	106,886	117,603
Foreign
Defined Benefit Plan Disclosure [Line Items]
Cash and cash equivalents	1,516	3,903
Other	484	666
Fair value of plan assets	668,308	562,517
Foreign | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Foreign | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	573,352	475,039
Foreign | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	92,956	82,909
Foreign | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	666,308	557,948
Foreign | Money market funds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Foreign | Money market funds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	8,734	11,172
Foreign | Money market funds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Foreign | Money market funds | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	8,734	11,172
Foreign | Equities | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Foreign | Equities | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	222,554	194,914
Foreign | Equities | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Foreign | Equities | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	222,554	194,914
Foreign | Commingled fixed income securities | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Foreign | Commingled fixed income securities | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	264,131	198,902
Foreign | Commingled fixed income securities | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Foreign | Commingled fixed income securities | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	264,131	198,902
Foreign | Government and related securities | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Foreign | Government and related securities | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	43,405	40,055
Foreign | Government and related securities | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Foreign | Government and related securities | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	43,405	40,055
Foreign | Corporate debt securities | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Foreign | Corporate debt securities | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	34,528	29,996
Foreign | Corporate debt securities | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Foreign | Corporate debt securities | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	34,528	29,996
Foreign | Real estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	45,335	42,143	$ 41,601
Foreign | Real estate | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Foreign | Real estate | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Foreign | Real estate | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	45,335	42,143
Foreign | Real estate | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	45,335	42,143
Foreign | Diversified growth funds | Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Foreign | Diversified growth funds | Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Foreign | Diversified growth funds | Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	47,621	40,766
Foreign | Diversified growth funds | Fair Value, Inputs, Level 1, 2 and 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 47,621	$ 40,766

Retirement Plans and Postret_12

Retirement Plans and Postretirement Medical Benefits (Level 3 Gains and Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Diversified growth funds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets - beginning of year	$ 40,766	$ 44,024
Unrealized (losses) gains	4,954	(4,948)
Net purchases, sales and settlements	107	4,090
Other	0
Foreign currency	1,794	(2,400)
Fair value of plan assets - end of year	47,621	40,766
United States
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets - beginning of year	1,327,034
Fair value of plan assets - end of year	1,487,018	1,327,034
United States | Private Equity Funds And Defined Benefit Plan
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets - beginning of year	129,627	129,714
Realized gains	20,501	9,265
Unrealized (losses) gains	(17,805)	3,053
Net purchases, sales and settlements	(37,378)	(12,405)
Fair value of plan assets - end of year	94,945	129,627
United States | Private equity
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets - beginning of year	32,750	38,362
Realized gains	5,625	8,264
Unrealized (losses) gains	(5,288)	(1,409)
Net purchases, sales and settlements	(9,479)	(12,467)
Fair value of plan assets - end of year	23,608	32,750
United States | Real estate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets - beginning of year	96,877	91,352
Realized gains	14,876	1,001
Unrealized (losses) gains	(12,517)	4,462
Net purchases, sales and settlements	(27,899)	62
Fair value of plan assets - end of year	71,337	96,877
Foreign
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets - beginning of year	562,517
Fair value of plan assets - end of year	668,308	562,517
Foreign | Private Equity Funds And Defined Benefit Plan
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets - beginning of year	82,909	85,625
Unrealized (losses) gains	4,155	(3,631)
Net purchases, sales and settlements	1,725	5,743
Other	687
Foreign currency	3,480	(4,828)
Fair value of plan assets - end of year	92,956	82,909
Foreign | Real estate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of plan assets - beginning of year	42,143	41,601
Unrealized (losses) gains	(799)	1,317
Net purchases, sales and settlements	1,618	1,653
Other	687
Foreign currency	1,686	(2,428)
Fair value of plan assets - end of year	$ 45,335	$ 42,143

Retirement Plans and Postret_13

Retirement Plans and Postretirement Medical Benefits (Nonpension Estimated Future Benefit Payments) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
2020	$ 131,577
2021	125,439
2022	124,142
2023	124,559
2024	121,767
Thereafter	600,327
Total	1,227,811
Nonpension benefits
Defined Benefit Plan Disclosure [Line Items]
2020	16,129
2021	15,480
2022	14,756
2023	13,592
2024	12,500
Thereafter	53,101
Total	$ 125,558

Income Taxes (Income From Conti

Income Taxes (Income From Continuing Operations Before Taxes) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
U.S.									$ 910	$ 109,393	$ 135,636
International									26,232	78,728	58,062
Total	$ 8,381	$ (19,550)	$ 33,034	$ 5,277	$ 38,333	$ 45,188	$ 38,643	$ 65,957	$ 27,142	$ 188,121	$ 193,698

Income Taxes (Provision for Inc

Income Taxes (Provision for Income Taxes) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
U.S. Federal:
Current									$ (18,789)	$ (56,743)	$ 25,774
Deferred									11,577	61,514	(23,863)
U.S. Federal: Total									(7,212)	4,771	1,911
U.S. State and Local:
Current									(9,142)	(12,214)	(3,022)
Deferred									8,043	866	13,426
U.S. State and Local: Total									(1,099)	(11,348)	10,404
International:
Current									9,993	11,308	(7,679)
Deferred									(14,689)	1,685	9,023
International: Total									(4,696)	12,993	1,344
Total current									(17,938)	(57,649)	15,073
Total deferred									4,931	64,065	(1,414)
(Benefit) provision for income taxes	$ 344	$ (24,895)	$ 3,724	$ 7,820	$ (10,819)	$ (2,468)	$ 2,205	$ 17,498	$ (13,007)	$ 6,416	$ 13,659
Effective tax rate									(47.90%)	3.40%	7.10%

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating Loss Carryforwards [Line Items]
Change in deferred tax assets valuation allowance	$ (23,000)
Tax benefits from IRS tax settlements and resolution of U.S. tax examinations	9,000	$ 17,000	$ 30,000
Tax on Market Exits	3,000
Loss on sale of businesses	17,683	0	0
Income tax benefit from Tax Act		37,000	39,000
U.S. tax on unremitted earnings	0	(23,711)	90,916
Net operating loss carryforwards	162,000
Indefinite lived net operating loss carryforwards	$ 145,000
Operating loss carryforwards, expiration period	20 years
Tax credit carry forwards	$ 64,430	64,148
Tax credit carry forward without expiration	52,000
Foreign earnings reinvested	421,000
Undistributed earnings	261,000
Unrecognized tax benefits that would affect the effective tax rate if recognized	$ 54,000	65,000	74,000
Possible change to unrecognized tax benefits	15.00%
Interest and penalties	$ (1,000)	(1,000)	$ (4,000)
Income tax interest and penalties accrued	3,000	$ 4,000
Amount of unrecognized deferred tax liability	$ 3,000
Maximum
Operating Loss Carryforwards [Line Items]
Tax credit carryforwards, expiration period	13 years

Income Taxes (Effective Income

Income Taxes (Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract]
Federal statutory provision									$ 5,700	$ 39,505	$ 67,794
State and local income taxes									(868)	1,292	3,739
Impact of foreign operations taxed at rates other than the U.S. statutory rate (2)									(18,541)	(2,483)	(12,054)
Accrual/release of uncertain tax amounts related to foreign operations									191	(4,595)	(17,919)
U.S. tax impacts of foreign income in the U.S.									5,587	5,854	1,750
Tax incentives/credits/exempt income									(5,437)	3,526	(14,587)
Unrealized stock compensation benefits									2,176	1,941	3,778
Remeasurement of U.S. deferred taxes									0	(13,121)	(108,176)
U.S. tax on unremitted earnings									0	(23,711)	90,916
Other, net (3)									(1,815)	(1,792)	(1,582)
(Benefit) provision for income taxes	$ 344	$ (24,895)	$ 3,724	$ 7,820	$ (10,819)	$ (2,468)	$ 2,205	$ 17,498	(13,007)	6,416	13,659
Tax uncertainties									(3,000)	$ (9,000)	$ (3,000)
Change in deferred tax assets valuation allowance									(23,000)
Tax on Market Exits									3,000
Interest									$ 1,000

Income Taxes (Deferred Tax Liab

Income Taxes (Deferred Tax Liabilities and Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax liabilities:
Depreciation	$ (69,222)	$ (71,757)
Deferred profit (for tax purposes) on sale to finance subsidiary	(30,791)	(41,951)
Lease revenue and related depreciation	(174,083)	(149,176)
Intangible assets	(88,024)	(98,707)
Other	(24,941)	(34,425)
Gross deferred tax liabilities	(387,061)	(396,016)
Deferred tax assets:
Nonpension postretirement benefits	41,015	42,422
Pension	43,763	60,063
Inventory and equipment capitalization	2,735	6,042
Restructuring charges	2,944	5,064
Long-term incentives	12,929	11,517
Net operating loss	82,673	106,029
Tax credit carry forwards	64,430	64,148
Tax uncertainties gross-up	6,577	6,692
Other	38,247	46,623
Gross deferred tax assets	295,313	348,600
Less: Valuation allowance	(110,781)	(142,496)
Net deferred tax assets	184,532	206,104
Total deferred taxes, net	$ (202,529)	$ (189,912)

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of Unrecognized Tax Benefits
Balance at beginning of year	$ 71,458	$ 89,767	$ 124,728
Increases from prior period positions	510	88	528
Decreases from prior period positions	(9,711)	(15,145)	(31,470)
Increases from current period positions	5,052	6,001	5,951
Decreases relating to settlements with tax authorities	(2,626)	(4,844)	(6,953)
Reductions from lapse of applicable statute of limitations	(4,381)	(4,409)	(3,017)
Balance at end of year	$ 60,302	$ 71,458	$ 89,767

Leased Assets and Liabilities_2

Leased Assets and Liabilities (Operating and Finance Lease Assets and Liabilities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Assets
Operating	$ 200,752	$ 152,554
Finance	10,443	10,683
Total leased assets	211,195	163,237
Liabilities
Current operating lease liabilities	36,060	35,208
Noncurrent operating lease liabilities	177,711	125,294
Accounts payable and accrued liabilities	2,879	2,708
Other noncurrent liabilities	7,927	7,054
Total lease liabilities	$ 224,577	$ 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	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Lease Cost
Operating lease expense	$ 48,503	$ 43,727	$ 41,676
Finance lease expense
Finance lease expense	3,372	2,697	2,295
Amortization of leased assets	700	527	465
Interest on lease liabilities	23,188	21,864	20,838
Sublease income	(1,948)	(1,735)	(736)
Total expense	$ 73,815	$ 67,080	$ 64,538

Leased Assets and Liabilities_4

Leased Assets and Liabilities (Lease Maturity) (Details)	Dec. 31, 2019USD ($)
Operating Leases
2020	$ 47,632,000
2021	42,244,000
2022	33,945,000
2023	27,122,000
2024	23,165,000
Thereafter	97,867,000
Total	271,975,000
Less: present value discount	58,204,000
Lease liability	213,771,000
Finance Leases
2020	3,525,000
2021	3,133,000
2022	2,560,000
2023	1,899,000
2024	1,042,000
Thereafter	277,000
Total	12,436,000
Less: present value discount	1,630,000
Lease liability	10,806,000
Total
2020	51,157,000
2021	45,377,000
2022	36,505,000
2023	29,021,000
2024	24,207,000
Thereafter	98,144,000
Total	284,411,000
Less: present value discount	59,834,000
Lease liability	224,577,000
Leases signed but not yet commenced	$ 0

Leased Assets and Liabilities_5

Leased Assets and Liabilities (Weighted-Average) (Details)	Dec. 31, 2019	Dec. 31, 2018
Weighted-average remaining lease term
Operating leases	7 years 8 months 12 days	7 years 2 months 12 days
Finance leases	3 years 10 months 24 days	4 years 1 month 6 days
Weighted-average discount rate
Operating leases	6.10%	4.50%
Finance leases	6.80%	6.20%

Leased Assets and Liabilities_6

Leased Assets and Liabilities (Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash Flow Information
Operating cash outflows - operating leases	$ 44,252	$ 40,599	$ 39,192
Operating cash outflows - finance leases	700	527	465
Financing cash outflows - finance leases	3,096	2,564	2,185
Leased assets obtained in exchange for new lease obligations
Operating leases	87,160	36,260	33,788
Finance leases	$ 4,072	$ 5,715	$ 3,325

Stockholders' Equity (Details)

Stockholders' Equity (Details) - $ / shares	1 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Stock
Repurchases of common stock (shares)		(18,595,315)
Preferred stock, dividend rate	4.00%	4.00%	4.00%
Dividend rate (USD per share)	$ 2.12
Shares reserved for issuance under stock plans, dividend reinvestment program and conversion of Preferred and Preference Stock		37,116,835
Common Stock
Stock
Shares outstanding (shares)		187,675,082	186,603,738	185,668,718
Issuance of common stock (shares)		1,276,797	1,043,809	881,480
Conversions to common stock (shares)		92,379	27,535	53,540
Shares outstanding (shares)		170,448,943	187,675,082	186,603,738
Treasury Stock
Stock
Shares outstanding (shares)		135,662,830	136,734,174	137,669,194
Issuance of common stock (shares)		1,276,797	1,043,809	881,480
Conversions to common stock (shares)		92,379	27,535	53,540
Shares outstanding (shares)		152,888,969	135,662,830	136,734,174

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Reclassification out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Revenue	$ 831,343	$ 790,125	$ 788,573	$ 795,084	$ 857,414	$ 760,281	$ 773,538	$ 820,289	$ 3,205,125	$ 3,211,522	$ 2,784,007
Interest expense									(110,910)	(115,381)	(117,984)
Tax provision (benefit)	(344)	24,895	(3,724)	(7,820)	10,819	2,468	(2,205)	(17,498)	13,007	(6,416)	(13,659)
Net of tax	$ 176,696	$ (3,125)	$ 23,697	$ (2,659)	$ 49,969	$ 80,277	$ 51,595	$ 59,970	194,609	241,811	243,528
Selling, general and administrative									(1,003,989)	(1,002,935)	(1,029,494)
Amounts Reclassified from AOCI | Cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Revenue									72	11	(179)
Cost of sales									104	51	(32)
Interest expense									0	(1,183)	(2,028)
Loss on extinguishment of debt									0	(1,267)	0
Total before tax									176	(2,388)	(2,239)
Tax provision (benefit)									44	(941)	(872)
Net of tax									132	(1,447)	(1,367)
Amounts Reclassified from AOCI | Available-for-sale securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest expense									1,079	3,244	(520)
Tax provision (benefit)									270	821	(201)
Net of tax									809	2,423	(319)
Amounts Reclassified from AOCI | Pension and postretirement benefit plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax provision (benefit)									(9,497)	(21,675)	(13,936)
Net of tax									(28,288)	(64,999)	(26,828)
Amounts Reclassified from AOCI | Transition asset
Accumulated Other Comprehensive Income (Loss) [Line Items]
Selling, general and administrative									6	7	8
Amounts Reclassified from AOCI | Prior service costs
Accumulated Other Comprehensive Income (Loss) [Line Items]
Selling, general and administrative									(504)	(173)	(166)
Amounts Reclassified from AOCI | Actuarial losses
Accumulated Other Comprehensive Income (Loss) [Line Items]
Selling, general and administrative									(34,509)	(41,610)	(40,606)
Amounts Reclassified from AOCI | Settlement
Accumulated Other Comprehensive Income (Loss) [Line Items]
Selling, general and administrative									(2,778)	(44,898)	0
Amounts Reclassified from AOCI | Total before tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total before tax									$ (37,785)	$ (86,674)	$ (40,764)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jan. 01, 2018	Jan. 01, 2017
Accumulated Other Comprehensive Income (Loss)
Balance	$ 101,842	$ 30,553	$ (103,660)
Other comprehensive income (loss) before reclassifications	81,471	(101,811)	116,679
Amounts reclassified from accumulated other comprehensive income (loss)	27,347	64,023	28,514
Other comprehensive income (loss), net of tax	108,818	(37,788)	145,193
Cumulative effect of accounting changes				$ (12,207)	$ (137,429)
Balance	286,096	101,842	30,553
Cash flow hedges
Accumulated Other Comprehensive Income (Loss)
Balance	191	(406)	(1,485)
Other comprehensive income (loss) before reclassifications	278	(763)	(288)
Amounts reclassified from accumulated other comprehensive income (loss)	(132)	1,447	1,367
Other comprehensive income (loss), net of tax	146	684	1,079
Cumulative effect of accounting changes			(87)
Restated balance at December 31, 2017			(493)
Balance	337	191	(406)
Available-for-sale securities
Accumulated Other Comprehensive Income (Loss)
Balance	(3,061)	1,597	120
Other comprehensive income (loss) before reclassifications	6,719	(2,579)	1,158
Amounts reclassified from accumulated other comprehensive income (loss)	(809)	(2,423)	319
Other comprehensive income (loss), net of tax	5,910	(5,002)	1,477
Cumulative effect of accounting changes			344
Restated balance at December 31, 2017			1,941
Balance	2,849	(3,061)	1,597
Pension and postretirement benefit plans
Accumulated Other Comprehensive Income (Loss)
Balance	(846,461)	(748,800)	(787,813)
Other comprehensive income (loss) before reclassifications	(845)	(46,170)	12,185
Amounts reclassified from accumulated other comprehensive income (loss)	28,288	64,999	26,828
Other comprehensive income (loss), net of tax	27,443	18,829	39,013
Cumulative effect of accounting changes			(116,490)
Restated balance at December 31, 2017			(865,290)
Balance	(819,018)	(846,461)	(748,800)
Foreign currency adjustments
Accumulated Other Comprehensive Income (Loss)
Balance	(99,630)	(47,331)	(150,955)
Other comprehensive income (loss) before reclassifications	75,319	(52,299)	103,624
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0
Other comprehensive income (loss), net of tax	75,319	(52,299)	103,624
Cumulative effect of accounting changes			0
Restated balance at December 31, 2017			(47,331)
Balance	(24,311)	(99,630)	(47,331)
Accumulated other comprehensive loss
Accumulated Other Comprehensive Income (Loss)
Balance	(948,961)	(794,940)	(940,133)
Cumulative effect of accounting changes			(116,233)	$ (116,233)
Restated balance at December 31, 2017			(911,173)
Balance	$ (840,143)	$ (948,961)	$ (794,940)

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grants	16,668,426
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Unrecognized compensation cost	$ 13
Weighted average recognition period	1 year 7 months 6 days
Intrinsic value of units outstanding	$ 18
Intrinsic value of units vested	16	$ 17	$ 26
Fair value of units vested	$ 18	$ 18	$ 14
Shares granted (in shares)	3,113,886	1,754,098	1,995,473
Issued weighted average fair value (in dollars per shares)	$ 6.56	$ 12.36	$ 13.24
Restricted Stock Units | Directors' Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)	155,709	131,420
Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Shares granted (in shares)	1,368,182	733,148
Issued weighted average fair value (in dollars per shares)	$ 6.60	$ 12.64
Performance Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target number of awards granted	0.00%
Performance Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target number of awards granted	200.00%
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 3
Weighted average recognition period	1 year 4 months 24 days
Expiration period	10 years
Options exercised (in shares)	0	0	0
Stock Options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock purchase plan discounted offering price of commons stock	95.00%
Shares purchased under the Employee Stock Purchase Plan (in shares)	258,838	218,424
Shares reserved for future purchase under the ESPP (in shares)	2,293,166

Stock-Based Compensation Plan_3

Stock-Based Compensation Plans (Restricted Stock Units) (Details) - Restricted Stock Units - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Shares
Units outstanding beginning (in shares)	3,228,339	2,651,053
Granted (in shares)	3,113,886	1,754,098	1,995,473
Vested (in shares)	(1,360,219)	(963,010)
Forfeited (in shares)	(501,159)	(213,802)
Units outstanding ending (in shares)	4,480,847	3,228,339	2,651,053
Weighted average grant date fair value
Weighted average grant date fair value - Beginning (in dollars per shares)	$ 13.33	$ 14.16
Granted (in dollars per shares)	6.56	12.36	$ 13.24
Vested (in dollars per shares)	11.90	11.41
Forfeited (in dollars per shares)	8.71	13.26
Weighted average grant date fair value - Ending (in dollars per shares)	$ 9.51	$ 13.33	$ 14.16

Stock-Based Compensation Plan_4

Stock-Based Compensation Plans (Performance Stock Units) (Details) - Performance Stock Units - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Shares
Units outstanding beginning (in shares)	1,653,004	1,145,025
Granted (in shares)	1,368,182	733,148
Vested (in shares)	0	(91,493)
Forfeited (in shares)	(242,824)	(133,676)
Units outstanding ending (in shares)	2,778,362	1,653,004
Weighted average grant date fair value
Weighted average grant date fair value - Beginning (in dollars per shares)	$ 13.08	$ 13.43
Granted (in dollars per shares)	6.60	12.64
Vested (in dollars per shares)	0	12.21
Forfeited (in dollars per shares)	9.65	14.26
Weighted average grant date fair value - Ending (in dollars per shares)	$ 10.09	$ 13.08

Stock-Based Compensation Plan_5

Stock-Based Compensation Plans (Stock Option Activity) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Shares
Closing Balance (in shares)	12,822,684
Options outstanding - end of the year (in shares)	7,288,614
Per share weighted average exercise prices
Closing Balance (in dollars per shares)	$ 14.08
Options exercisable - end of the year (in dollars per share)	$ 18.49
Stock Options
Shares
Closing Balance (in shares)	13,593,156	10,495,039
Granted (in shares)	869,297	4,932,467
Canceled (in shares)	(533,921)	(258,509)
Expired (in shares)	(1,105,848)	(1,575,841)
Closing Balance (in shares)	12,822,684	13,593,156
Options outstanding - end of the year (in shares)	7,288,614	6,824,433
Per share weighted average exercise prices
Opening Balance (in dollars per shares)	$ 15.30	$ 21.67
Granted (in dollars per share)	6.57	8.47
Canceled (in dollars per share)	11.06	13.09
Expired (in dollars per share)	24.75	36.86
Closing Balance (in dollars per shares)	14.08	15.30
Options exercisable - end of the year (in dollars per share)	$ 18.49	$ 20.23

Stock-Based Compensation Plan_6

Stock-Based Compensation Plans (Exercise Price Range) (Details)	12 Months Ended
	Dec. 31, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding - Shares (in shares) | shares	12,822,684
Options Outstanding - Per share weighted-average exercise price (in dollars per share)	$ 14.08
Options Outstanding - Weighted-average remaining contractual life	6 years 1 month 27 days
Options Exercisable - Shares (in shares) | shares	7,288,614
Options Exercisable - Per share weighted-average exercise price (in dollars per share)	$ 18.49
Options Exercisable - Weighted-average remaining contractual life	4 years 3 months 19 days
$4.32 - $8.55
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of per share exercise prices, lower range (in dollars per share)	$ 4.32
Range of per share exercise prices, upper range (in dollars per share)	$ 8.55
Options Outstanding - Shares (in shares) | shares	3,855,770
Options Outstanding - Per share weighted-average exercise price (in dollars per share)	$ 6.18
Options Outstanding - Weighted-average remaining contractual life	8 years 11 months 26 days
Options Exercisable - Shares (in shares) | shares	0
Options Exercisable - Per share weighted-average exercise price (in dollars per share)	$ 0
$12.64 - $19.45
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of per share exercise prices, lower range (in dollars per share)	12.64
Range of per share exercise prices, upper range (in dollars per share)	$ 19.45
Options Outstanding - Shares (in shares) | shares	6,001,756
Options Outstanding - Per share weighted-average exercise price (in dollars per share)	$ 14.36
Options Outstanding - Weighted-average remaining contractual life	6 years 7 months 9 days
Options Exercisable - Shares (in shares) | shares	4,323,456
Options Exercisable - Per share weighted-average exercise price (in dollars per share)	$ 14.86
Options Exercisable - Weighted-average remaining contractual life	6 years 2 months 4 days
$21.54 - $26.07
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of per share exercise prices, lower range (in dollars per share)	$ 21.54
Range of per share exercise prices, upper range (in dollars per share)	$ 26.07
Options Outstanding - Shares (in shares) | shares	2,965,158
Options Outstanding - Per share weighted-average exercise price (in dollars per share)	$ 23.77
Options Outstanding - Weighted-average remaining contractual life	1 year 6 months 25 days
Options Exercisable - Shares (in shares) | shares	2,965,158
Options Exercisable - Per share weighted-average exercise price (in dollars per share)	$ 23.77
Options Exercisable - Weighted-average remaining contractual life	1 year 6 months 25 days

Stock-Based Compensation Plan_7

Stock-Based Compensation Plans (Stock Options Assumptions) (Details) - Stock Options - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	3.00%	9.90%	5.70%
Expected stock price volatility	41.50%	37.80%	29.70%
Risk-free interest rate	2.50%	2.80%	2.30%
Expected life	5 years	7 years	7 years
Weighted-average fair value per option granted	$ 1.98	$ 1.26	$ 2
Fair value of options granted	$ 1,722	$ 6,229	$ 5,107

Quarterly Financial Data (una_3

Quarterly Financial Data (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019		Dec. 31, 2018		Dec. 31, 2017
Selected Quarterly Financial Information [Abstract]
Revenue	$ 831,343	$ 790,125	$ 788,573	$ 795,084	$ 857,414	$ 760,281	$ 773,538	$ 820,289	$ 3,205,125		$ 3,211,522		$ 2,784,007
Cost of revenue	518,920	467,805	468,227	467,187	500,113	419,311	426,818	444,032	1,922,139		1,790,274
Operating expenses	304,042	341,870	287,312	322,620	318,968	295,782	308,077	310,300	1,255,844		1,233,127
Total	8,381	(19,550)	33,034	5,277	38,333	45,188	38,643	65,957	27,142		188,121		193,698
(Benefit) provision for income taxes	344	(24,895)	3,724	7,820	(10,819)	(2,468)	2,205	17,498	(13,007)		6,416		13,659
Income from continuing operations	8,037	5,345	29,310	(2,543)	49,152	47,656	36,438	48,459	40,149		181,705
Income from discontinued operations, net of tax	168,659	(8,470)	(5,613)	(116)	817	32,621	15,157	11,511	154,460		60,106		63,489
Net income - Pitney Bowes Inc.	$ 176,696	$ (3,125)	$ 23,697	$ (2,659)	$ 49,969	$ 80,277	$ 51,595	$ 59,970	$ 194,609		$ 241,811		$ 243,528
Basic earnings per share
Continuing operations (in dollars per share)	$ 0.05	$ 0.03	$ 0.17	$ (0.01)	$ 0.26	$ 0.25	$ 0.19	$ 0.26	$ 0.23	[1]	$ 0.97	[1]	$ 0.97	[1]
Discontinued operations (in dollars per share)	0.99	(0.05)	(0.03)	0	0	0.17	0.08	0.06	0.88	[1]	0.32	[1]	0.34	[1]
Net income (in dollars per share)	1.04	(0.02)	0.13	(0.01)	0.27	0.43	0.28	0.32	1.10	[1]	1.29	[1]	1.31	[1]
Diluted earnings per share
Continuing operations (in dollars per share)	0.05	0.03	0.16	(0.01)	0.26	0.25	0.19	0.26	0.23	[1]	0.96	[1]	0.96	[1]
Discontinued operations (in dollars per share)	0.98	(0.05)	(0.03)	0	0	0.17	0.08	0.06	0.87	[1]	0.32	[1]	0.34	[1]
Net income (in dollars per share)	$ 1.03	$ (0.02)	$ 0.13	$ (0.01)	$ 0.26	$ 0.43	$ 0.27	$ 0.32	$ 1.10	[1]	$ 1.28	[1]	$ 1.30	[1]
[1]	The sum of the earnings per share amounts may not equal the totals due to rounding.

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts and Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Allowance for doubtful accounts
Movement in Valuation Allowances and Reserves
Balance at beginning of year	$ 17,443	$ 14,319	$ 13,506
Additions charged to expense	16,345	9,770	7,426
Deductions	(15,958)	(6,646)	(6,613)
Balance at end of year	17,830	17,443	14,319
Valuation allowance for deferred tax asset
Movement in Valuation Allowances and Reserves
Balance at beginning of year	142,496	178,156	127,095
Additions charged to expense	5,324	3,682	53,782
Deductions	(37,038)	(39,342)	(2,721)
Balance at end of year	$ 110,782	$ 142,496	$ 178,156

Uncategorized Items - pbi201912

Label	Element	Value
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 104,026,000
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (137,429,000)