Pitney Bowes (PBI) 10-Q 3 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2021	Jul. 30, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	1-03579
Entity Registrant Name	PITNEY BOWES INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	06-0495050
Entity Address, Address Line One	3001 Summer Street,
Entity Address, City or Town	Stamford,
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06926
City Area Code	(203)
Local Phone Number	356-5000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		175,915,380
Entity Central Index Key	0000078814
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common stock
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $1 par value per share
Trading Symbol	PBI
Security Exchange Name	NYSE
6.70% Notes due 2043
Entity Information [Line Items]
Title of 12(b) Security	6.7% Notes due 2043
Trading Symbol	PBI.PRB
Security Exchange Name	NYSE

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue		$ 899,203	$ 837,492	$ 1,814,400	$ 1,633,760
Costs and expenses:
Selling, general and administrative		236,190	233,631	474,292	482,264
Research and development		11,059	7,467	22,375	19,583
Restructuring charges		4,844	4,922	7,733	8,739
Goodwill impairment		0	0	0	198,169
Interest expense, net		24,346	26,446	49,504	52,329
Other components of net pension and postretirement cost		312	386	662	235
Other (income) expense		(13,646)	(17,375)	37,748	16,112
Total costs and expenses		873,412	820,773	1,830,256	1,845,618
Income (loss) from continuing operations before taxes		25,791	16,719	(15,856)	(211,858)
Provision (benefit) for income taxes		4,915	17,016	(9,077)	6,986
Income (loss) from continuing operations		20,876	(297)	(6,779)	(218,844)
(Loss) income from discontinued operations, net of tax		(1,020)	(3,032)	(4,906)	7,032
Net income (loss)		$ 19,856	$ (3,329)	$ (11,685)	$ (211,812)
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	$ 0.12	$ 0	$ (0.04)	$ (1.28)
Discontinued operations (in dollars per share)	[1]	(0.01)	(0.02)	(0.03)	0.04
Net (loss) income (in dollars per share)	[1]	0.11	(0.02)	(0.07)	(1.24)
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	0.12	0	(0.04)	(1.28)
Discontinued operations (in dollars per share)	[1]	(0.01)	(0.02)	(0.03)	0.04
Net (loss) income (in dollars per share)	[1]	$ 0.11	$ (0.02)	$ (0.07)	$ (1.24)
Business services
Revenue from contracts with customers		$ 567,022	$ 528,990	$ 1,137,476	$ 973,369
Revenue		567,022	528,990	1,137,476	973,369
Costs and expenses:
Cost of products and sales		482,814	454,311	982,348	828,976
Support services
Revenue from contracts with customers		115,156	113,786	233,853	235,801
Revenue		115,156	113,786	233,853	235,801
Costs and expenses:
Cost of products and sales		37,679	36,725	74,396	76,485
Financing
Revenue from contracts with customers		0	0	0	0
Revenue		73,453	85,462	151,265	174,540
Costs and expenses:
Cost of products and sales		11,773	11,939	23,659	24,428
Equipment sales
Revenue from contracts with customers		22,394	14,492	41,511	31,621
Revenue		86,267	57,837	173,070	134,110
Costs and expenses:
Cost of equipment sales		61,561	47,920	123,401	105,279
Supplies
Revenue from contracts with customers		38,655	32,773	80,879	78,482
Revenue		38,655	32,773	80,879	78,482
Costs and expenses:
Cost of products and sales		10,467	8,379	21,678	20,619
Rentals
Revenue from contracts with customers		0	0	0	0
Revenue		18,650	18,644	37,857	37,458
Costs and expenses:
Cost of products and sales		$ 6,013	$ 6,022	$ 12,460	$ 12,400
[1]	The sum of the earnings per share amounts may not equal the totals due to rounding.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ 19,856	$ (3,329)	$ (11,685)	$ (211,812)
Other comprehensive income, net of tax:
Foreign currency translation, net of tax of $309, $1,105, $297 and $(1,712), respectively	3,509	10,099	(10,749)	(17,636)
Net unrealized (loss) gain on cash flow hedges, net of tax of $(466), $(421), $1,135 and $(479), respectively	(1,406)	(1,271)	3,424	(1,445)
Net unrealized gain (loss) on investment securities, net of tax of $1,306, $467, $(1,650) and $900, respectively	3,939	1,407	(4,977)	2,715
Amortization of pension and postretirement costs, net of tax of $3,303, $3,502, $6,511 and $6,152, respectively	10,193	11,377	20,130	20,247
Other comprehensive income, net of tax	16,235	21,612	7,828	3,881
Comprehensive income (loss)	$ 36,091	$ 18,283	$ (3,857)	$ (207,931)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Foreign currency translation, tax	$ 309	$ 1,105	$ 297	$ (1,712)
Net unrealized gain (loss) on cash flow hedges, tax	(466)	(421)	1,135	(479)
Net unrealized gain on investment securities, tax	1,306	467	(1,650)	900
Amortization of pension and postretirement costs, tax	$ 3,303	$ 3,502	$ 6,511	$ 6,152

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 799,470	$ 921,450
Short-term investments, reported at fair value	14,904	18,974
Accounts and other receivables (net of allowance of $13,959 and $18,899, respectively)	309,177	389,240
Short-term finance receivables (net of allowance of $18,313 and $18,012, respectively)	552,858	568,050
Inventories	67,538	65,845
Current income taxes	37,384	23,219
Other current assets and prepayments	117,425	120,145
Total current assets	1,898,756	2,106,923
Property, plant and equipment, net	429,785	391,280
Rental property and equipment, net	38,814	38,435
Long-term finance receivables (net of allowance of $17,253 and $17,857 respectively)	588,602	605,292
Goodwill	1,130,164	1,152,285
Intangible assets, net	144,692	159,839
Operating lease assets	205,584	201,916
Noncurrent income taxes	69,150	72,653
Other assets (includes $363,613 and $355,799, respectively, reported at fair value)	507,748	491,514
Total assets	5,013,295	5,220,137
Current liabilities:
Accounts payable and accrued liabilities	820,065	880,616
Customer deposits at Pitney Bowes Bank	632,833	617,200
Current operating lease liabilities	41,835	39,182
Current portion of long-term debt	97,015	216,032
Advance billings	119,645	114,550
Current income taxes	5,844	2,880
Total current liabilities	1,717,237	1,870,460
Long-term debt	2,330,698	2,348,361
Deferred taxes on income	286,338	279,451
Tax uncertainties and other income tax liabilities	37,155	38,163
Noncurrent operating lease liabilities	182,746	180,292
Other noncurrent liabilities	405,751	437,015
Total liabilities	4,959,925	5,153,742
Commitments and contingencies (See Note 14)
Stockholders’ equity:
Common stock, $1 par value (480,000,000 shares authorized; 323,337,912 shares issued)	323,338	323,338
Additional paid-in capital	5,903	68,502
Retained earnings	5,172,185	5,201,195
Accumulated other comprehensive loss	(831,303)	(839,131)
Treasury stock, at cost (149,078,067 and 151,362,724 shares, respectively)	(4,616,753)	(4,687,509)
Total stockholders’ equity	53,370	66,395
Total liabilities and stockholders’ equity	$ 5,013,295	$ 5,220,137

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 13,959	$ 18,899
Short-term finance receivables allowance	18,313	18,012
Long-term finance receivables allowance	17,253	17,857
Other assets, fair value	$ 363,613	$ 355,799
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	480,000,000	480,000,000
Common stock, shares issued (in shares)	323,337,912	323,337,912
Treasury stock (in shares)	149,078,067	151,362,724

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net loss	$ (11,685)	$ (211,812)
Loss (income) from discontinued operations, net of tax	4,906	(7,032)
Restructuring payments	(8,825)	(11,365)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation and amortization	79,416	81,787
Allowance for credit losses	4,988	27,941
Stock-based compensation	12,278	6,950
Restructuring charges	7,733	8,739
Amortization of debt fees	4,103	5,054
Goodwill impairment	0	198,169
Loss on debt refinancing	52,383	36,987
Gain on sale of equity investment	0	(11,908)
Gain on sale of business	(10,201)	0
Gain on sale of assets	(1,434)	0
Changes in operating assets and liabilities, net of acquisitions/divestitures:
Accounts and other receivables	72,791	(49,403)
Finance receivables	30,620	83,955
Inventories	(1,884)	(6,306)
Other current assets and prepayments	1,567	(24,067)
Accounts payable and accrued liabilities	(56,038)	(25,168)
Current and noncurrent income taxes	(11,807)	29,959
Advance billings	5,271	21,402
Pension and retiree medical liabilities	(42,407)	(22,735)
Other, net	12,954	(6,302)
Net cash from operating activities - continuing operations	144,729	124,845
Net cash from operating activities - discontinued operations	0	(38,423)
Net cash from operating activities	144,729	86,422
Cash flows from investing activities:
Capital expenditures	(83,703)	(59,954)
Purchases of investment securities	(68,143)	(282,065)
Proceeds from sales/maturities of investment securities	58,870	214,466
Net investment in loan receivables	(2,964)	387
Proceeds from sale of other investments	0	58,248
Acquisitions, net of cash acquired	0	(6,608)
Proceeds from sale of business, net of cash sold	27,573	0
Proceeds from sale of assets	1,840	0
Other investing activities	0	1,539
Net cash from investing activities - continuing operations	(66,527)	(73,987)
Net cash from investing activities - discontinued operations	(1,507)	(2,502)
Net cash from investing activities	(68,034)	(76,489)
Cash flows from financing activities:
Increase in short-term borrowings	0	100,000
Proceeds from the issuance of debt, net of discount	1,195,500	816,544
Principal payments of debt	(1,339,568)	(948,224)
Premiums and fees paid to refinance debt	(46,937)	(32,645)
Dividends paid to stockholders	(17,325)	(17,099)
Customer deposits at Pitney Bowes Bank	15,633	22,331
Other financing activities	(6,327)	(3,174)
Net cash from financing activities	(199,024)	(62,267)
Effect of exchange rate changes on cash and cash equivalents	349	(9,211)
Change in cash and cash equivalents	(121,980)	(61,545)
Cash and cash equivalents at beginning of period	921,450	924,442
Cash and cash equivalents at end of period	$ 799,470	$ 862,897

Description of Business and Bas

Description of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business Pitney Bowes Inc. (we, us, our, or the company) is a global technology company providing commerce solutions. Clients around the world rely on the accuracy and precision delivered by our equipment, solutions, analytics, and application programming interface technology in the areas of ecommerce fulfillment, shipping and returns, cross-border ecommerce, office mailing and shipping, presort services and financing. For more information, visit www.pitneybowes.com . Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and the instructions to Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In addition, the December 31, 2020 Condensed Consolidated Balance Sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. In management's opinion, all adjustments, consisting only of normal recurring adjustments, considered necessary to fairly state our financial position, results of operations and cash flows for the periods presented have been included. Operating results for the periods presented are not necessarily indicative of the results that may be expected for any other interim period or for the year ending December 31, 2021, particularly in light of the coronavirus pandemic (COVID-19) and its effect on global businesses and economies. These statements should be read in conjunction with the financial statements and notes thereto included in our Annual Report to Stockholders on Form 10-K for the year ended December 31, 2020 (2020 Annual Report). In the fourth quarter 2020, we determined that based on their nature, certain cash flows from loan receivables classified as cash flows from operating activities should have been classified as investment in loans receivables within cash flows from investing activities. It was also determined that certain investment purchases and maturities that were previously reported on a net basis should have been reported on a gross basis. Finally, previously reported cash flows from investing activities resulting from changes in customer deposits at the Pitney Bowes Bank (the Bank) are now reported as cash flows from financing activities. These adjustments were not material to the previously issued 2020 interim financial statements; however, the cash flow statement for the period ended June 30, 2020 has been revised and the impact on our previously issued interim Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2020 is as follows: Six Months Ended June 30, 2020 (unaudited) As Previously Reported Adjustments As Revised Cash flows from operating activities Changes in finance receivables $ 84,342 $ (387) $ 83,955 Net cash from operating activities: continuing operations $ 125,232 $ (387) $ 124,845 Net cash from operating activities $ 86,809 $ (387) $ 86,422 Cash flows from investing activities Purchases of investment securities $ (115,565) $ (166,500) $ (282,065) Proceeds from sales/maturities of investment securities $ 94,425 $ 120,041 $ 214,466 Net change in short-term and other investing activities $ (44,035) $ 44,035 $ — Net investment in loan receivables $ — $ 387 $ 387 Customer deposits at the Bank $ 22,331 $ (22,331) $ — Other investing activities $ (885) $ 2,424 $ 1,539 Net cash from investing activities: continuing operations $ (52,043) $ (21,944) $ (73,987) Net cash from investing activities $ (54,545) $ (21,944) $ (76,489) Cash flows from financing activities Customer deposits at the Bank $ — $ 22,331 $ 22,331 Net cash from financing activities $ (84,598) $ 22,331 $ (62,267) Risks and Uncertainties The effects of COVID-19 on global economies and businesses continues to impact how we conduct business and our operating results, financial position and cash flows. Its impact on our business remains unpredictable and accordingly, we are not able to reasonably estimate the full extent of the impact of COVID-19 on our operating results, financial position and cash flows. Accounting Pronouncements Adopted in 2021 In January 2021 we adopted ASU 2019-12, Simplifying the Accounting for Income Taxes . The ASU simplifies the accounting for income taxes by removing certain exceptions to the general principles and also clarifies and amends existing guidance. The adoption of this standard did not have a material impact on our consolidated financial statements. Accounting Pronouncements Not Yet Adopted In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregated Revenue The following tables disaggregate our revenue by source and timing of recognition: Three Months Ended June 30, 2021 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Business services $ 418,429 $ 134,619 $ 13,974 $ 567,022 $ — $ 567,022 Support services — — 115,156 115,156 — 115,156 Financing — — — — 73,453 73,453 Equipment sales — — 22,394 22,394 63,873 86,267 Supplies — — 38,655 38,655 — 38,655 Rentals — — — — 18,650 18,650 Subtotal 418,429 134,619 190,179 743,227 $ 155,976 $ 899,203 Revenue from leasing transactions and financing Financing — — 73,453 73,453 Equipment sales — — 63,873 63,873 Rentals — — 18,650 18,650 Total revenue $ 418,429 $ 134,619 $ 346,155 $ 899,203 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 77,275 $ 77,275 Products/services transferred over time 418,429 134,619 112,904 665,952 Total $ 418,429 $ 134,619 $ 190,179 $ 743,227 Three Months Ended June 30, 2020 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Business services $ 398,453 $ 118,127 $ 12,410 $ 528,990 $ — $ 528,990 Support services — — 113,786 113,786 — 113,786 Financing — — — — 85,462 85,462 Equipment sales — — 14,492 14,492 43,345 57,837 Supplies — — 32,773 32,773 — 32,773 Rentals — — — — 18,644 18,644 Subtotal 398,453 118,127 173,461 690,041 $ 147,451 $ 837,492 Revenue from leasing transactions and financing Financing — — 85,462 85,462 Equipment sales — — 43,345 43,345 Rentals — — 18,644 18,644 Total revenue $ 398,453 $ 118,127 $ 320,912 $ 837,492 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 58,750 $ 58,750 Products/services transferred over time 398,453 118,127 114,711 631,291 Total $ 398,453 $ 118,127 $ 173,461 $ 690,041 Six Months Ended June 30, 2021 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Business services $ 831,515 $ 277,745 $ 28,216 $ 1,137,476 $ — $ 1,137,476 Support services — — 233,853 233,853 — 233,853 Financing — — — — 151,265 151,265 Equipment sales — — 41,511 41,511 131,559 173,070 Supplies — — 80,879 80,879 — 80,879 Rentals — — — — 37,857 37,857 Subtotal 831,515 277,745 384,459 1,493,719 $ 320,681 $ 1,814,400 Revenue from leasing transactions and financing Financing — — 151,265 151,265 Equipment sales — — 131,559 131,559 Rentals — — 37,857 37,857 Total revenue $ 831,515 $ 277,745 $ 705,140 $ 1,814,400 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 154,811 $ 154,811 Products/services transferred over time 831,515 277,745 229,648 1,338,908 Total $ 831,515 $ 277,745 $ 384,459 $ 1,493,719 Six Months Ended June 30, 2020 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Business services $ 690,776 $ 258,847 $ 23,746 $ 973,369 $ — $ 973,369 Support services — — 235,801 235,801 — 235,801 Financing — — — — 174,540 174,540 Equipment sales — — 31,621 31,621 102,489 134,110 Supplies — — 78,482 78,482 — 78,482 Rentals — — — — 37,458 37,458 Subtotal 690,776 258,847 369,650 1,319,273 $ 314,487 $ 1,633,760 Revenue from leasing transactions and financing Financing — — 174,540 174,540 Equipment sales — — 102,489 102,489 Rentals — — 37,458 37,458 Total revenue $ 690,776 $ 258,847 $ 684,137 $ 1,633,760 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 137,124 $ 137,124 Products/services transferred over time 690,776 258,847 232,526 1,182,149 Total $ 690,776 $ 258,847 $ 369,650 $ 1,319,273 Our performance obligations for revenue from products and services are as follows: Business services includes providing mail processing services, shipping subscription solutions, fulfillment, delivery and return services and cross-border solutions. Revenue for shipping subscription solutions is recognized ratably over the contract period as the client obtains equal benefit from these services through the period. Revenue for mail processing services, fulfillment, delivery and return services and cross-border solutions is recognized over time using an output method based on the number of parcels or mail pieces either processed or delivered, depending on the service type, since that measure best depicts the value of goods and services transferred to the client over the contract period. Contract terms for these services range from one to five years followed by annual renewal periods. Support services includes providing maintenance, professional and subscription services for our equipment and digital mailing and shipping technology solutions. Contract terms range from one Equipment sales, excluding sales-type leases, generally includes the sale of mailing and shipping equipment. 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 and operating leases, finance income, late fees and investment income, gains and losses at the Bank. Advance Billings from Contracts with Customers Balance sheet location June 30, 2021 December 31, 2020 Increase/ (decrease) Advance billings, current Advance billings $ 110,812 $ 106,498 $ 4,314 Advance billings, noncurrent Other noncurrent liabilities $ 1,304 $ 1,277 $ 27 Advance billings are recorded when cash payments are due in advance of our performance. Revenue is recognized ratably over the contract term. Items in advance billings primarily relate to support services for our equipment and digital mailing and shipping technology solutions. Revenue recognized during the period includes $92 million of advance billings at the beginning of the period. Advance billings above at June 30, 2021 and December 31, 2020 excludes $9 million and $8 million, respectively, from leasing transactions. Future Performance Obligations Future performance obligations include revenue streams bundled with our leasing contracts, primarily maintenance and subscription services. The transaction prices allocated to future performance obligations will be recognized as follows: Remainder of 2021 2022 2023-2026 Total SendTech Solutions $ 152,778 $ 240,694 $ 321,288 $ 714,760 The amounts above exclude 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	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Segment Information	Segment Information Our reportable segments are Global Ecommerce, Presort Services and Sending Technology Solutions (SendTech Solutions). The principal products and services of each reportable segment are as follows: Global Ecommerce: Includes the revenue and related expenses from domestic parcel services, cross-border solutions and digital delivery services. Presort Services : Includes revenue and related expenses from sortation services to qualify large volumes of First Class Mail, Marketing Mail, Marketing Mail Flats and Bound Printed Matter for postal worksharing discounts. SendTech Solutions: Includes the revenue and related expenses from physical and digital mailing and shipping technology solutions, financing, services, supplies and other applications to help simplify and save on the sending, tracking and receiving of letters, parcels and flats. Management measures segment profitability and performance using segment earnings before interest and taxes (EBIT). Segment EBIT is calculated by deducting from segment revenue the related costs and expenses attributable to the segment. Segment EBIT excludes interest, taxes, general corporate expenses, restructuring charges, asset impairment charges 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 (loss). Revenue Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Global Ecommerce $ 418,429 $ 398,453 $ 831,515 $ 690,776 Presort Services 134,619 118,127 277,745 258,847 SendTech Solutions 346,155 320,912 705,140 684,137 Total revenue $ 899,203 $ 837,492 $ 1,814,400 $ 1,633,760 EBIT Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Global Ecommerce $ (10,831) $ (18,894) $ (37,207) $ (48,369) Presort Services 16,134 12,582 35,185 28,277 SendTech Solutions 107,121 104,268 221,591 210,830 Total segment EBIT 112,424 97,956 219,569 190,738 Reconciliation of Segment EBIT to net income (loss): Unallocated corporate expenses (56,316) (49,489) (113,781) (93,211) Restructuring charges (4,844) (4,922) (7,733) (8,739) Interest expense, net (36,119) (38,385) (73,163) (76,757) Gain on sale of equity investment — 11,908 — 11,908 Goodwill impairment — — — (198,169) Loss on debt refinancing (989) — (52,383) (36,987) Gain on sale of business 10,201 — 10,201 — Gain on sale of assets 1,434 — 1,434 — Transaction costs — (349) — (641) (Provision) benefit for income taxes (4,915) (17,016) 9,077 (6,986) Income (loss) from continuing operations 20,876 (297) (6,779) (218,844) (Loss) income from discontinued operations, net of tax (1,020) (3,032) (4,906) 7,032 Net income (loss) $ 19,856 $ (3,329) $ (11,685) $ (211,812)

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued OperationsDiscontinued operations for the quarter ended June 30, 2021 includes a working capital adjustment payment related to the sale of our Software Solutions business. Discontinued operations for the six months ended June 30, 2021 also includes a tax charge related to the sale of our Production Mail business. Discontinued operations for the three months ended June 30, 2020 includes a pension settlement charge related to the sale of our Software Solutions business. Discontinued operations for the six months ended June 30, 2020 also includes the gain on the sale of our software business in Australia.

Earnings per Share (EPS)

Earnings per Share (EPS)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Earnings per Share (EPS)	Earnings per Share (EPS) Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Numerator: Income (loss) from continuing operations $ 20,876 $ (297) $ (6,779) $ (218,844) (Loss) income from discontinued operations, net of tax (1,020) (3,032) (4,906) 7,032 Net income (loss) $ 19,856 $ (3,329) $ (11,685) $ (211,812) Denominator: Weighted-average shares used in basic EPS 173,970 171,478 173,367 171,167 Dilutive effect of common stock equivalents (1) 5,009 — — — Weighted-average shares used in diluted EPS 178,979 171,478 173,367 171,167 Basic earnings (loss) per share (2) : Continuing operations $ 0.12 $ — $ (0.04) $ (1.28) Discontinued operations (0.01) (0.02) (0.03) 0.04 Net income (loss) $ 0.11 $ (0.02) $ (0.07) $ (1.24) Diluted earnings (loss) per share (2) : Continuing operations $ 0.12 $ — $ (0.04) $ (1.28) Discontinued operations (0.01) (0.02) (0.03) 0.04 Net income (loss) $ 0.11 $ (0.02) $ (0.07) $ (1.24) Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive: 6,451 19,963 6,451 18,297 (1) Due to the net loss for the three months ended June 30, 2020 and the six months ended June 30, 2021 and 2020, common stock equivalents of 1,019, 5,382 and 1,190, respectively, were also excluded from the calculation of diluted earnings per share as the impact would have been anti-dilutive. (2) The sum of the earnings per share amounts may not equal the totals due to rounding.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are stated at the lower of cost or market. Cost is determined on the last-in, first-out (LIFO) basis, the first-in, first-out (FIFO) basis or average cost. Inventories consisted of the following: June 30, December 31, Raw materials $ 17,833 $ 16,570 Supplies and service parts 25,073 24,061 Finished products 30,267 30,849 Inventory at FIFO cost 73,173 71,480 Excess of FIFO cost over LIFO cost (5,635) (5,635) Total inventory, net $ 67,538 $ 65,845

Finance Assets and Lessor Opera

Finance Assets and Lessor Operating Leases	6 Months Ended
	Jun. 30, 2021
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 installments over periods ranging from three Finance receivables consisted of the following: June 30, 2021 December 31, 2020 North America International Total North America International Total Sales-type lease receivables Gross finance receivables $ 974,109 $ 195,085 $ 1,169,194 $ 994,985 $ 211,944 $ 1,206,929 Unguaranteed residual values 37,576 11,681 49,257 36,405 12,140 48,545 Unearned income (262,058) (60,825) (322,883) (275,359) (61,686) (337,045) Allowance for credit losses (23,352) (5,362) (28,714) (22,917) (6,006) (28,923) Net investment in sales-type lease receivables 726,275 140,579 866,854 733,114 156,392 889,506 Loan receivables Loan receivables 257,766 23,692 281,458 268,690 22,092 290,782 Allowance for credit losses (6,436) (416) (6,852) (6,484) (462) (6,946) Net investment in loan receivables 251,330 23,276 274,606 262,206 21,630 283,836 Net investment in finance receivables $ 977,605 $ 163,855 $ 1,141,460 $ 995,320 $ 178,022 $ 1,173,342 Maturities of gross sales-type lease receivables and gross loan receivables at June 30, 2021 were as follows: Sales-type Lease Receivables Loan Receivables North America International Total North America International Total Remaining for year ending December 31, 2021 $ 202,304 $ 34,907 $ 237,211 $ 203,523 $ 23,692 $ 227,215 Year ending December 31, 2022 331,782 69,397 401,179 16,556 — 16,556 Year ending December 31, 2023 228,869 46,650 275,519 10,797 — 10,797 Year ending December 31, 2024 131,795 26,584 158,379 13,140 — 13,140 Year ending December 31, 2025 62,734 12,918 75,652 11,449 — 11,449 Thereafter 16,625 4,629 21,254 2,301 — 2,301 Total $ 974,109 $ 195,085 $ 1,169,194 $ 257,766 $ 23,692 $ 281,458 Aging of Receivables The aging of gross finance receivables was as follows: June 30, 2021 Sales-type Lease Receivables Loan Receivables North International North International Total Past due amounts 0 - 90 days $ 962,059 $ 193,747 $ 253,061 $ 23,486 $ 1,432,353 Past due amounts > 90 days 12,050 1,338 4,705 206 18,299 Total $ 974,109 $ 195,085 $ 257,766 $ 23,692 $ 1,450,652 Past due amounts > 90 days Still accruing interest $ 2,449 $ 275 $ — $ — $ 2,724 Not accruing interest 9,601 1,063 4,705 206 15,575 Total $ 12,050 $ 1,338 $ 4,705 $ 206 $ 18,299 December 31, 2020 Sales-type Lease Receivables Loan Receivables North International North International Total Past due amounts 0 - 90 days $ 972,266 $ 208,968 $ 264,484 $ 21,932 $ 1,467,650 Past due amounts > 90 days 22,719 2,976 4,206 160 30,061 Total $ 994,985 $ 211,944 $ 268,690 $ 22,092 $ 1,497,711 Past due amounts > 90 days Still accruing interest $ 5,128 $ 463 $ 1,797 $ 59 $ 7,447 Not accruing interest 17,591 2,513 2,409 101 22,614 Total $ 22,719 $ 2,976 $ 4,206 $ 160 $ 30,061 Allowance for Credit Losses We estimate an allowance for credit losses based on historical loss experience, the nature of our portfolios, adverse situations that may affect a client's ability to pay, current conditions, management forecasts and independent economic forecasts. Credit losses are estimated at the portfolio level based on asset type and geographic market. Historical loss experience is based on actual loss rates over the average term of the asset of five years for sales-type lease receivables and three years for loan receivables (including accrued interest). The assumptions used in determining an estimate of credit losses are inherently subjective and actual results may differ significantly from estimated reserves. We establish credit approval limits based on the credit quality of the client and the type of equipment financed. Our policy is to discontinue revenue recognition for lease receivables that are more than 120 days past due and for loan receivables that are more than 90 days past due. We resume revenue recognition when the client's payments reduce the account aging to less than 60 days past due. Finance receivables deemed uncollectible are written off against the allowance after all collection efforts have been exhausted and management deems the account to be uncollectible. However, we believe that our credit risk is low because of the geographic and industry diversification of our clients and small account balances for most of our clients. Activity in the allowance for credit losses for finance receivables was as follows: Sales-type Lease Receivables Loan Receivables North International North International Total Balance at January 1, 2021 $ 22,917 $ 6,006 $ 6,484 $ 462 $ 35,869 Amounts charged to expense 1,127 (81) 1,477 (23) 2,500 Write-offs (2,226) (631) (3,392) (29) (6,278) Recoveries 1,500 146 1,862 1 3,509 Other 34 (78) 5 5 (34) Balance at June 30, 2021 $ 23,352 $ 5,362 $ 6,436 $ 416 $ 35,566 Sales-type Lease Receivables Loan Receivables North International North International Total Balance at December 31, 2019 $ 10,920 $ 2,085 $ 5,906 $ 740 $ 19,651 Cumulative effect of accounting change 9,271 1,750 (1,116) (402) 9,503 Amounts charged to expense 9,025 1,257 4,758 208 15,248 Write-offs (3,536) (386) (4,542) (297) (8,761) Recoveries 946 44 1,386 1 2,377 Other (23) (7) 90 36 96 Balance at June 30, 2020 $ 26,603 $ 4,743 $ 6,482 $ 286 $ 38,114 Credit Quality The extension of credit and management of credit lines to new and existing clients uses a combination of a client's credit score, where available, and a detailed manual review of their financial condition and payment history or an automated process for certain small dollar applications. 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 to 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 proprietary commercial credit score. The relative scores are determined based on a number of factors, including financial information, payment history, company type and ownership structure. We stratify the third party's credit scores of our clients into low, medium and high-risk accounts. Due to timing and other issues, our entire portfolio may not be scored at period end. We report these amounts as "Not Scored"; however, absence of a score is not indicative of the credit quality of the account. The third-party credit score is used to predict the payment behaviors of our clients and the probability that an account will become greater than 90 days past due during the subsequent 12-month period. • Low risk accounts are companies with very good credit scores and a predicted delinquency rate of less than 5%. • Medium risk accounts are companies with average to good credit scores and a predicted delinquency rate between 5% and 10%. • High risk accounts are companies with poor credit scores, are delinquent or are at risk of becoming delinquent. The predicted delinquency rate would be greater than 10%. The table below shows the gross sales-type lease receivable and loan receivable balances by relative risk class and year of origination based on the relative scores of the accounts within each class as of June 30, 2021 and December 30, 2020. Sales Type Lease Receivables Loan Receivables Total 2021 2020 2019 2018 2017 Prior Low $ 145,875 $ 218,083 $ 189,322 $ 127,968 $ 55,954 $ 25,132 $ 191,571 $ 953,905 Medium 27,370 44,107 43,995 29,079 15,255 5,737 51,877 217,420 High 2,866 5,405 4,959 2,952 1,475 1,335 4,610 23,602 Not Scored 47,676 64,035 59,108 33,966 13,581 3,959 33,400 255,725 Total $ 223,787 $ 331,630 $ 297,384 $ 193,965 $ 86,265 $ 36,163 $ 281,458 $ 1,450,652 Sales Type Lease Receivables Loan Receivables Total 2020 2019 2018 2017 2016 Prior Low $ 256,573 $ 228,344 $ 165,244 $ 87,346 $ 30,518 $ 12,249 $ 192,971 $ 973,245 Medium 50,785 49,946 37,168 21,388 6,470 2,375 61,625 229,757 High 6,182 5,396 3,782 1,974 1,051 143 4,518 23,046 Not Scored 80,854 77,362 48,704 24,291 7,813 971 31,668 271,663 Total $ 394,394 $ 361,048 $ 254,898 $ 134,999 $ 45,852 $ 15,738 $ 290,782 $ 1,497,711 The majority of the Not Scored amounts above is within our International portfolio. We do not use a third party to score our International portfolio because the cost to do so is prohibitive as there is no single credit score model that covers all countries. Approximately 80% of credit applications are approved or denied through the automated review process. All other credit applications are manually reviewed by obtaining client financial information, credit reports and other available financial information. Lease Income Lease income from sales-type leases was as follows: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Profit recognized at commencement (1) $ 32,057 $ 21,271 $ 64,365 $ 51,179 Interest income 47,770 52,277 96,266 106,083 Total lease income from sales-type leases $ 79,827 $ 73,548 $ 160,631 $ 157,262 (1) Lease contracts do not include variable lease payments. The disclosure of total lease income from sales-type leases for the three and six months ended June 30, 2020 has been revised from $55 million to $74 million and from $119 million to $157 million, respectively. The revision did not have any impact on our Condensed Consolidated Statements of Operations. Lessor Operating Leases We also lease mailing equipment under operating leases with terms of one Remaining for year ending December 31, 2021 $ 19,276 Year ending December 31, 2022 22,961 Year ending December 31, 2023 13,010 Year ending December 31, 2024 9,968 Year ending December 31, 2025 3,760 Thereafter 196 Total $ 69,171

Intangible Assets and Goodwill

Intangible Assets and Goodwill	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill Intangible Assets Intangible assets consisted of the following: June 30, 2021 December 31, 2020 Gross Accumulated Net Gross Accumulated Net Customer relationships $ 268,188 $ (128,247) $ 139,941 $ 268,199 $ (115,010) $ 153,189 Software & technology 19,000 (14,249) 4,751 19,000 (12,350) 6,650 Total intangible assets $ 287,188 $ (142,496) $ 144,692 $ 287,199 $ (127,360) $ 159,839 Amortization expense for the three months ended June 30, 2021 and 2020 was $8 million and $9 million, respectively. Amortization expense for the six months ended June 30, 2021 and 2020 was $15 million and $18 million, respectively. Future amortization expense as of June 30, 2021 is shown in the table below. Actual amortization expense may differ due to, among other things, fluctuations in foreign currency exchange rates, impairments, acquisitions and accelerated amortization. Remaining for year ending December 31, 2021 $ 15,147 Year ending December 31, 2022 29,315 Year ending December 31, 2023 26,465 Year ending December 31, 2024 26,465 Year ending December 31, 2025 19,805 Thereafter 27,495 Total $ 144,692 Goodwill Changes in the carrying value of goodwill, by reporting segment, are shown in the table below. Gross value before accumulated impairment Accumulated impairment December 31, 2020 Disposition Currency impact June 30, Global Ecommerce $ 609,431 $ (198,169) $ 411,262 $ (16,200) $ — $ 395,062 Presort Services 220,992 — 220,992 — — 220,992 SendTech Solutions 520,031 — 520,031 — (5,921) 514,110 Total goodwill $ 1,350,454 $ (198,169) $ 1,152,285 $ (16,200) $ (5,921) $ 1,130,164

Fair Value Measurements and Der

Fair Value Measurements and Derivative Instruments	6 Months Ended
	Jun. 30, 2021
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. June 30, 2021 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds $ 49,696 $ 362,892 $ — $ 412,588 Equity securities — 30,115 — 30,115 Commingled fixed income securities 1,706 19,325 — 21,031 Government and related securities 26,052 25,974 — 52,026 Corporate debt securities — 67,674 — 67,674 Mortgage-backed / asset-backed securities — 206,520 — 206,520 Derivatives Interest rate swap — 445 — 445 Foreign exchange contracts — 438 — 438 Total assets $ 77,454 $ 713,383 $ — $ 790,837 Liabilities: Derivatives Foreign exchange contracts $ — $ (1,722) $ — $ (1,722) Total liabilities $ — $ (1,722) $ — $ (1,722) December 31, 2020 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds $ 73,228 $ 434,791 $ — $ 508,019 Equity securities — 26,583 — 26,583 Commingled fixed income securities 1,722 19,669 — 21,391 Government and related securities 16,776 16,757 — 33,533 Corporate debt securities — 71,433 — 71,433 Mortgage-backed / asset-backed securities — 220,678 — 220,678 Derivatives Foreign exchange contracts — 3,776 — 3,776 Total assets $ 91,726 $ 793,687 $ — $ 885,413 Liabilities: Derivatives Interest rate swap $ — $ (2,163) $ — $ (2,163) Foreign exchange contracts — (1,960) — (1,960) Total liabilities $ — $ (4,123) $ — $ (4,123) 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 within the fair value hierarchy: • Money Market Funds: 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. • Equity Securities: Equity securities are comprised of mutual funds investing in U.S. and foreign stocks. These mutual funds are classified as Level 2. • Commingled Fixed Income Securities: Commingled fixed income securities are comprised of mutual funds that invest in a variety of fixed income securities, including securities of the U.S. government and its agencies, corporate debt, mortgage-backed securities and asset-backed securities. Fair value is based on the value of the underlying investments owned by each fund, minus its liabilities, divided by the number of shares outstanding, as reported by the fund manager. These mutual funds are classified as Level 1 when unadjusted quoted prices in active markets are available and as Level 2 when they are not actively traded on an exchange. • Government and Related Securities: Debt securities are classified as Level 1 where active, high volume trades for identical securities exist. Valuation adjustments are not applied to these securities. Debt securities are classified as Level 2 where fair value is determined using quoted market prices for similar securities or benchmarking model derived prices to quoted market prices and trade data for identical or comparable securities. • Corporate Debt Securities: Corporate debt securities are valued using recently executed comparable transactions, market price quotations or bond spreads for the same maturity as the security. These securities are classified as Level 2. • Mortgage-Backed Securities / Asset-Backed Securities: These securities are valued based on external pricing indices or external price/spread data. These securities are classified as Level 2. Derivative Securities • Foreign Exchange Contracts: The valuation of foreign exchange derivatives is based on the market approach using observable market inputs, such as foreign currency spot and forward rates and yield curves. We have not seen a material change in the creditworthiness of those banks acting as derivative counterparties. These securities are classified as Level 2. • Interest Rate Swaps: The valuation of interest rate swaps is based on an income approach using inputs that are observable or that can be derived from, or corroborated by, observable market data. These securities are classified as Level 2. Available-For-Sale Securities Available-for-sale securities are predominantly held at the Pitney Bowes Bank. Investment securities classified as available-for-sale are recorded at fair value with changes in fair value due to market conditions (i.e., interest rates) recorded in accumulated other comprehensive loss (AOCL), and changes in fair value due to credit conditions recorded in earnings. There were no unrealized losses due to credit losses charged to earnings through the six months ended June 30, 2021. Available-for-sale securities consisted of the following: June 30, 2021 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 51,055 $ 107 $ (636) $ 50,526 Corporate debt securities 69,475 357 (2,158) 67,674 Commingled fixed income securities 1,716 — (10) 1,706 Mortgage-backed / asset-backed securities 210,012 247 (3,739) 206,520 Total $ 332,258 $ 711 $ (6,543) $ 326,426 December 31, 2020 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 31,882 $ 157 $ (78) $ 31,961 Corporate debt securities 71,174 614 (355) 71,433 Commingled fixed income securities 1,706 16 — 1,722 Mortgage-backed / asset-backed securities 220,659 734 (715) 220,678 Total $ 325,421 $ 1,521 $ (1,148) $ 325,794 Investment securities in a loss position were as follows: June 30, 2021 December 31, 2020 Fair Value Gross unrealized losses Fair Value Gross unrealized losses Less than 12 continuous months $ 287,161 $ 6,483 $ 132,267 $ 1,072 Greater than 12 continuous months 2,016 60 2,369 76 Total $ 289,177 $ 6,543 $ 134,636 $ 1,148 At June 30, 2021, 33% of the securities in the investment portfolio were in a loss position. We believe our allowance for credit losses on available-for-sale investment securities is adequate as our investments are primarily in highly liquid U.S. government and agency securities, high grade corporate bonds and municipal bonds. The majority of our mortgage-backed securities are either guaranteed or supported by the U.S. Government. We have not recognized an impairment on investment securities in an unrealized loss position because we have the ability and intent to hold these securities until recovery of the unrealized losses or we receive the stated principal and interest at maturity. Scheduled maturities of available-for-sale securities at June 30, 2021 were as follows: Amortized cost Estimated fair value Within 1 year $ 13,147 $ 13,149 After 1 year through 5 years 21,318 21,261 After 5 years through 10 years 60,188 58,612 After 10 years 237,605 233,404 Total $ 332,258 $ 326,426 The scheduled maturities of mortgage-backed and asset-backed securities may not coincide with the actual payment, as borrowers have the right to prepay obligations. Held-to-Maturity Securities Held-to-maturity securities at June 30, 2021 were not material and at December 31, 2020 include $75 million of short-term, highly liquid time deposits. Due to the short-term nature of these securities, the carrying value approximated fair value. Derivative Instruments In the normal course of business, we are exposed to the impact of changes in foreign currency exchange rates and interest rates. We mitigate these exposures by following established risk management policies and procedures, including the use of derivatives. We use derivative instruments to limit the effects of exchange rate fluctuations on financial results and manage the cost of debt. We do not use derivatives for trading or speculative purposes. We record derivative instruments at fair value and the accounting for changes in the fair value depends on the intended use of the derivative, the resulting designation and the effectiveness of the instrument in offsetting the risk exposure it is designed to hedge. Foreign Exchange Contracts We enter into foreign exchange contracts to mitigate the currency risk associated with the anticipated purchase of inventory between affiliates and from third parties. These contracts are designated as cash flow hedges. The effective portion of the gain or loss on cash flow hedges is included in AOCL in the period that the change in fair value occurs and is reclassified to earnings in the period that the hedged item is recorded in earnings. No amount of ineffectiveness was recorded in earnings for these designated cash flow hedges. At June 30, 2021 and December 31, 2020, we had outstanding contracts associated with these anticipated transactions with notional amounts of less than $1 million and $8 million, respectively. Amounts included in AOCL at June 30, 2021 will be recognized in earnings within the next 12 months. Interest Rate Swaps In May 2021, we terminated our $500 million aggregate notional amount of interest rate swap agreements. We received $2 million that was recorded in AOCL and will be recognized ratably in income through 2024. We concurrently entered into new interest rate swap agreements with an aggregate notional amount of $200 million and designated these instruments as cash flow hedges. The fair value of the interest rate swaps is recorded as a derivative asset or liability at the end of each reporting period with the change in fair value reflected in AOCL. The fair value of derivative instruments was as follows: Designation of Derivatives Balance Sheet Location June 30, December 31, Derivatives designated as Foreign exchange contracts Other current assets and prepayments $ 60 $ 96 Accounts payable and accrued liabilities (41) (112) Interest rate swaps Other assets (Other noncurrent liabilities) 445 (2,163) Derivatives not designated as Foreign exchange contracts Other current assets and prepayments 378 3,680 Accounts payable and accrued liabilities (1,681) (1,848) Total derivative assets $ 883 $ 3,776 Total derivative liabilities (1,722) (4,123) Total net derivative liability $ (839) $ (347) Results of cash flow hedging relationships were as follows: Three Months Ended June 30, Derivative Gain (Loss) Location of Gain (Loss) Gain (Loss) Reclassified Derivative Instrument 2021 2020 2021 2020 Foreign exchange contracts $ (54) $ (121) Revenue $ 118 $ (64) Cost of sales (47) 32 Interest rate swap (3,672) (1,605) Interest expense — — $ (3,726) $ (1,726) $ 71 $ (32) Six Months Ended June 30, Derivative Gain (Loss) Location of Gain (Loss) Gain (Loss) Reclassified Derivative Instrument 2021 2020 2021 2020 Foreign exchange contracts $ 174 $ (281) Revenue $ 244 $ (3) Cost of sales (105) 42 Interest rate swap 2,608 (1,605) Interest expense — — $ 2,782 $ (1,886) $ 139 $ 39 We enter into foreign exchange contracts to minimize the impact of exchange rate fluctuations on short-term intercompany loans and related interest that are denominated in a foreign currency. The revaluation of intercompany loans and interest and the corresponding mark-to-market adjustment on derivatives are recorded in earnings. All outstanding contracts at June 30, 2021 mature within 12 months. The mark-to-market adjustments of non-designated derivative instruments were as follows: Three Months Ended June 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2021 2020 Foreign exchange contracts Selling, general and administrative expense $ 514 $ 1,200 Six Months Ended June 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2021 2020 Foreign exchange contracts Selling, general and administrative expense $ 1,067 $ (3,667) Fair Value of Financial Instruments Financial instruments not reported at fair value on a recurring basis include cash and cash equivalents, accounts receivable, loan receivables, 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 debt is estimated based on recently executed transactions and market price quotations. The inputs used to determine the fair value of debt are classified as Level 2 in the fair value hierarchy. The carrying value and estimated fair value of debt was as follows: June 30, 2021 December 31, 2020 Carrying value $ 2,427,713 $ 2,564,393 Fair value $ 2,482,619 $ 2,479,895

Restructuring Charges

Restructuring Charges	6 Months Ended
	Jun. 30, 2021
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring Charges Activity in our restructuring reserves was as follows: Severance and other exit costs Balance at January 1, 2021 $ 10,063 Expenses, net 7,733 Cash payments (8,825) Noncash activity (541) Balance at June 30, 2021 $ 8,430 Balance at January 1, 2020 $ 12,006 Expenses, net 8,739 Cash payments (11,365) Noncash activity (1,836) Balance at June 30, 2020 $ 7,544

Debt

Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Debt	Debt Total debt consisted of the following: Interest rate June 30, 2021 December 31, 2020 Notes due October 2021 4.875% $ — $ 152,588 Notes due May 2022 5.625% 72,447 148,792 Notes due April 2023 6.20% 93,394 271,000 Notes due March 2024 4.625% 260,826 374,000 Notes due March 2027 6.875% 400,000 — Notes due March 2029 7.25% 350,000 — Notes due January 2037 5.25% 35,841 35,841 Notes due March 2043 6.70% 425,000 425,000 Term loan due March 2026 LIBOR + 1.75% 380,000 380,000 Term loan due January 2025 LIBOR + 5.5% — 818,125 Term loan due March 2028 LIBOR + 4.0% 448,875 — Other debt 4,295 4,900 Principal amount 2,470,678 2,610,246 Less: unamortized costs, net 42,965 45,853 Total debt 2,427,713 2,564,393 Less: current portion long-term debt 97,015 216,032 Long-term debt $ 2,330,698 $ 2,348,361 In 2021, we issued a $400 million 6.875% unsecured note due March 2027 and a $350 million 7.25% unsecured note due March 2029. We also entered into a new seven-year $450 million secured term loan maturing March 2028. We redeemed the remaining $153 million balance of the October 2021 notes and, under a tender offer, redeemed an aggregate $363 million of the May 2022 notes, April 2023 notes and March 2024 notes. We also repaid the remaining $818 million balance of our term loan that was scheduled to mature in January 2025. A $52 million pre-tax loss was incurred on the refinancing of debt. We also amended our $500 million secured revolving credit facility and our $380 million secured term loan to extend their maturities from November 2024 to March 2026. The credit agreement that governs the revolving credit facility and term loans contains financial and non-financial covenants. At June 30, 2021, we were in compliance with all covenants and there were no outstanding borrowings under the revolving credit facility. In May 2021, we terminated our existing $500 million interest rate swap agreements and entered into new interest rate swap agreements with an aggregate notional amount of $200 million. Under the terms of the new swap agreements, we pay fixed-rate interest of 0.56% and receive variable-rate interest based on one-month LIBOR. The variable interest rate under the term loans and the swaps reset monthly. At June 30, 2021, the interest rate of the 2028 Term Loan was 4.1% and the interest rate on the 2026 Term Loan was 1.9%.

Pensions and Other Benefit Prog

Pensions and Other Benefit Programs	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Pensions and Other Benefit Programs	Pensions and Other Benefit Programs The components of net periodic benefit cost (income) were as follows: Defined Benefit Pension Plans Nonpension Postretirement Benefit Plans United States Foreign Three Months Ended Three Months Ended Three Months Ended June 30, June 30, June 30, 2021 2020 2021 2020 2021 2020 Service cost $ 105 $ 27 $ 314 $ 399 $ 226 $ 217 Interest cost 10,744 13,179 3,007 3,407 964 1,242 Expected return on plan assets (19,478) (21,303) (8,107) (7,969) — — Amortization of transition credit — — — (1) — — Amortization of prior service (credit) cost (15) (15) 68 59 33 94 Amortization of net actuarial loss 9,639 8,197 2,380 2,005 1,077 738 Settlement 314 612 — 3,190 — — Net periodic benefit cost (income) $ 1,309 $ 697 $ (2,338) $ 1,090 $ 2,300 $ 2,291 Contributions to benefit plans $ 1,845 $ 1,969 $ 328 $ 580 $ 3,380 $ 3,616 Defined Benefit Pension Plans Nonpension Postretirement Benefit Plans United States Foreign Six Months Ended Six Months Ended Six Months Ended June 30, June 30, June 30, 2021 2020 2021 2020 2021 2020 Service cost $ 131 $ 53 $ 709 $ 798 $ 450 $ 434 Interest cost 21,489 26,358 5,968 6,925 1,925 2,487 Expected return on plan assets (38,956) (42,607) (16,091) (16,177) — — Amortization of transition credit — — — (2) — — Amortization of prior service (credit) cost (30) (30) 135 120 65 187 Amortization of net actuarial loss 19,277 16,395 4,725 4,064 2,155 1,474 Settlement 314 1,001 — 3,190 — — Net periodic benefit cost (income) $ 2,225 $ 1,170 $ (4,554) $ (1,082) $ 4,595 $ 4,582 Contributions to benefit plans $ 2,860 $ 3,898 $ 9,024 $ 8,568 $ 6,900 $ 8,071

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate for the three and six months ended June 30, 2021 was 19.1% and 57.2%, respectively, and includes a tax benefit of $5 million due to tax legislation in the U.K. and a tax charge of $6 million on the pre-tax gain of $10 million from the sale of Tacit as the tax basis was lower than the book basis. The effective tax rate for the six months ended June 30, 2021 also includes benefits of $3 million from an affiliate reorganization and $2 million from the vesting of restricted stock, partially offset by a charge of $1 million for the write-off of deferred tax assets associated with the expiration of out-of-the-money stock options. The effective tax rate for the three and six months ended June 30, 2020 was 101.8% and (3.3)%, respectively, and includes a $12 million charge for the surrender of company owned life insurance policies. The effective tax rate for the six months ended June 30, 2020 also includes a benefit of $2 million on the $198 million goodwill impairment charge as the majority of this charge is nondeductible, a benefit of $2 million from the resolution of certain tax examinations and a charge of $3 million for the write-off of deferred tax assets associated with the expiration of out-of-the-money stock options and the vesting of restricted stock. As is the case with other large corporations, our tax returns are examined by tax authorities in the U.S. and other global taxing jurisdictions in which we have operations. As a result, it is reasonably possible that the amount of unrecognized tax benefits will decrease in the next 12 months, and this decrease could be up to 15% of our unrecognized tax benefits.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesIn the ordinary course of business, we are routinely defendants in, or party to, a number of pending and threatened legal actions. These may involve litigation by or against us relating to, among other things, contractual rights under vendor, insurance or other contracts; intellectual property or patent rights; equipment, service, payment or other disputes with clients; or disputes with employees. Some of these actions may be brought as a purported class action on behalf of a purported class of employees, customers or others. In management's opinion, as of June 30, 2021, the potential liability, if any, that may result from these actions, either individually or collectively, is not reasonably expected to have a material effect on our financial position, results of operations or cash flows. However, as litigation is inherently unpredictable, there can be no assurances in this regard. At June 30, 2021, we have entered into leases with aggregate lease payments of approximately $38 million and terms ranging from seven

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Stockholders’ Equity	Stockholders’ Equity Changes in stockholders’ equity were as follows: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at April 1, 2021 $ 323,338 $ 15,269 $ 5,161,029 $ (847,538) $ (4,632,935) $ 19,163 Net income — — 19,856 — — 19,856 Other comprehensive income — — — 16,235 — 16,235 Dividends paid ($0.05 per common share) — — (8,700) — — (8,700) Issuance of common stock — (16,423) — — 16,182 (241) Stock-based compensation expense — 7,057 — — — 7,057 Balance at June 30, 2021 $ 323,338 $ 5,903 $ 5,172,185 $ (831,303) $ (4,616,753) $ 53,370 Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at April 1, 2020 $ 323,338 $ 69,553 $ 5,200,024 $ (857,874) $ (4,705,611) $ 29,430 Net loss — — (3,329) — — (3,329) Other comprehensive income — — — 21,612 — 21,612 Dividends paid ($0.05 per common share) — — (8,576) — — (8,576) Issuance of common stock — (6,484) — — 6,498 14 Stock-based compensation expense — 5,429 — — — 5,429 Balance at June 30, 2020 $ 323,338 $ 68,498 $ 5,188,119 $ (836,262) $ (4,699,113) $ 44,580 Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at January 1, 2021 $ 323,338 $ 68,502 $ 5,201,195 $ (839,131) $ (4,687,509) $ 66,395 Net loss — — (11,685) — — (11,685) Other comprehensive income — — — 7,828 — 7,828 Dividends paid ($0.10 per common share) — — (17,325) — — (17,325) Issuance of common stock — (74,877) — — 70,756 (4,121) Stock-based compensation expense — 12,278 — — — 12,278 Balance at June 30, 2021 $ 323,338 $ 5,903 $ 5,172,185 $ (831,303) $ (4,616,753) $ 53,370 Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at January 1, 2020 $ 323,338 $ 98,748 $ 5,438,930 $ (840,143) $ (4,734,777) $ 286,096 Cumulative effect of accounting change — — (21,900) — — (21,900) Net loss — — (211,812) — — (211,812) Other comprehensive income — — — 3,881 — 3,881 Dividends paid ($0.10 per common share) — — (17,099) — — (17,099) Issuance of common stock — (37,200) — — 35,664 (1,536) Stock-based compensation expense — 6,950 — — — 6,950 Balance at June 30, 2020 $ 323,338 $ 68,498 $ 5,188,119 $ (836,262) $ (4,699,113) $ 44,580

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Reclassifications out of AOCL were as follows: Gain (Loss) Reclassified from AOCL Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Cash flow hedges Revenue $ 118 $ (64) $ 244 $ (3) Cost of sales (47) 32 (105) 42 Interest expense, net (96) — (96) — Total before tax (25) (32) 43 39 Income tax provision (6) (8) 11 10 Net of tax $ (19) $ (24) $ 32 $ 29 Available-for-sale securities Financing revenue $ 1 $ 3,233 $ — $ 3,517 Selling, general and administrative expense 217 — 259 — Total before tax 218 3,233 259 3,517 Income tax provision 55 805 65 876 Net of tax $ 163 $ 2,428 $ 194 $ 2,641 Pension and postretirement benefit plans Transition credit $ — $ 1 $ — $ 2 Prior service costs (86) (138) (170) (277) Actuarial losses (13,096) (10,940) (26,157) (21,933) Settlement (314) (3,802) (314) (4,191) Total before tax (13,496) (14,879) (26,641) (26,399) Income tax benefit (3,303) (3,502) (6,511) (6,152) Net of tax $ (10,193) $ (11,377) $ (20,130) $ (20,247) Changes in AOCL were as follows: Cash flow hedges Available for sale securities Pension and postretirement benefit plans Foreign currency adjustments Total Balance at January 1, 2021 $ (1,411) $ 402 $ (851,063) $ 12,941 $ (839,131) Other comprehensive income (loss) before reclassifications (1) 3,456 (4,783) — (10,749) (12,076) Reclassifications into earnings (1) (32) (194) 20,130 — 19,904 Net other comprehensive income (loss) 3,424 (4,977) 20,130 (10,749) 7,828 Balance at June 30, 2021 $ 2,013 $ (4,575) $ (830,933) $ 2,192 $ (831,303) Cash flow hedges Available for sale securities Pension and postretirement benefit plans Foreign currency adjustments Total Balance at January 1, 2020 $ 337 $ 2,849 $ (819,018) $ (24,311) $ (840,143) Other comprehensive (loss) income before reclassifications (1) (1,416) 5,356 — (17,636) (13,696) Reclassifications into earnings (1) (29) (2,641) 20,247 — 17,577 Net other comprehensive (loss) income (1,445) 2,715 20,247 (17,636) 3,881 Balance at June 30, 2020 $ (1,108) $ 5,564 $ (798,771) $ (41,947) $ (836,262)

Supplemental Financial Statemen

Supplemental Financial Statement Information	6 Months Ended
	Jun. 30, 2021
Other Income and Expenses [Abstract]
Supplemental Financial Statement Information	Supplemental Financial Statement Information Activity in the allowance for credit losses on accounts receivables for the six months ended June 30, 2021 and 2020 is presented below. See Note 7 for additional information pertaining to our finance receivables. Balance at beginning of year Cumulative effect of accounting change Amounts charged to expense Write-offs, recoveries and other Balance at end of period Accounts and other receivables Other assets June 30, 2021 $ 35,344 $ — $ 2,488 $ (7,085) $ 30,747 $ 13,959 $ 16,788 June 30, 2020 $ 17,830 $ 15,336 $ 12,692 $ (13,384) $ 32,474 $ 32,474 $ — Other (income) expense consisted of the following: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Loss on debt refinancing $ 989 $ — $ 52,383 $ 36,987 Insurance proceeds (3,000) (5,467) (3,000) (8,967) Gain on sale of equity investment — (11,908) — (11,908) Gain on sale of business (10,201) — (10,201) — Gain on sale of assets (1,434) — (1,434) — Other (income) expense $ (13,646) $ (17,375) $ 37,748 $ 16,112 Supplemental cash flow information is as follows: Six Months Ended June 30, 2021 2020 Cash interest paid $ 58,501 $ 82,732 Cash income tax payments, net of refunds $ 2,180 $ 12,176 Finance leased assets obtained in exchange for new lease obligations $ 19,568 $ 2,756

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounting Pronouncements Adopted and Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements Adopted in 2021 In January 2021 we adopted ASU 2019-12, Simplifying the Accounting for Income Taxes . The ASU simplifies the accounting for income taxes by removing certain exceptions to the general principles and also clarifies and amends existing guidance. The adoption of this standard did not have a material impact on our consolidated financial statements. Accounting Pronouncements Not Yet Adopted In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.

Description of Business and B_3

Description of Business and Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	These adjustments were not material to the previously issued 2020 interim financial statements; however, the cash flow statement for the period ended June 30, 2020 has been revised and the impact on our previously issued interim Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2020 is as follows: Six Months Ended June 30, 2020 (unaudited) As Previously Reported Adjustments As Revised Cash flows from operating activities Changes in finance receivables $ 84,342 $ (387) $ 83,955 Net cash from operating activities: continuing operations $ 125,232 $ (387) $ 124,845 Net cash from operating activities $ 86,809 $ (387) $ 86,422 Cash flows from investing activities Purchases of investment securities $ (115,565) $ (166,500) $ (282,065) Proceeds from sales/maturities of investment securities $ 94,425 $ 120,041 $ 214,466 Net change in short-term and other investing activities $ (44,035) $ 44,035 $ — Net investment in loan receivables $ — $ 387 $ 387 Customer deposits at the Bank $ 22,331 $ (22,331) $ — Other investing activities $ (885) $ 2,424 $ 1,539 Net cash from investing activities: continuing operations $ (52,043) $ (21,944) $ (73,987) Net cash from investing activities $ (54,545) $ (21,944) $ (76,489) Cash flows from financing activities Customer deposits at the Bank $ — $ 22,331 $ 22,331 Net cash from financing activities $ (84,598) $ 22,331 $ (62,267)

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables disaggregate our revenue by source and timing of recognition: Three Months Ended June 30, 2021 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Business services $ 418,429 $ 134,619 $ 13,974 $ 567,022 $ — $ 567,022 Support services — — 115,156 115,156 — 115,156 Financing — — — — 73,453 73,453 Equipment sales — — 22,394 22,394 63,873 86,267 Supplies — — 38,655 38,655 — 38,655 Rentals — — — — 18,650 18,650 Subtotal 418,429 134,619 190,179 743,227 $ 155,976 $ 899,203 Revenue from leasing transactions and financing Financing — — 73,453 73,453 Equipment sales — — 63,873 63,873 Rentals — — 18,650 18,650 Total revenue $ 418,429 $ 134,619 $ 346,155 $ 899,203 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 77,275 $ 77,275 Products/services transferred over time 418,429 134,619 112,904 665,952 Total $ 418,429 $ 134,619 $ 190,179 $ 743,227 Three Months Ended June 30, 2020 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Business services $ 398,453 $ 118,127 $ 12,410 $ 528,990 $ — $ 528,990 Support services — — 113,786 113,786 — 113,786 Financing — — — — 85,462 85,462 Equipment sales — — 14,492 14,492 43,345 57,837 Supplies — — 32,773 32,773 — 32,773 Rentals — — — — 18,644 18,644 Subtotal 398,453 118,127 173,461 690,041 $ 147,451 $ 837,492 Revenue from leasing transactions and financing Financing — — 85,462 85,462 Equipment sales — — 43,345 43,345 Rentals — — 18,644 18,644 Total revenue $ 398,453 $ 118,127 $ 320,912 $ 837,492 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 58,750 $ 58,750 Products/services transferred over time 398,453 118,127 114,711 631,291 Total $ 398,453 $ 118,127 $ 173,461 $ 690,041 Six Months Ended June 30, 2021 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Business services $ 831,515 $ 277,745 $ 28,216 $ 1,137,476 $ — $ 1,137,476 Support services — — 233,853 233,853 — 233,853 Financing — — — — 151,265 151,265 Equipment sales — — 41,511 41,511 131,559 173,070 Supplies — — 80,879 80,879 — 80,879 Rentals — — — — 37,857 37,857 Subtotal 831,515 277,745 384,459 1,493,719 $ 320,681 $ 1,814,400 Revenue from leasing transactions and financing Financing — — 151,265 151,265 Equipment sales — — 131,559 131,559 Rentals — — 37,857 37,857 Total revenue $ 831,515 $ 277,745 $ 705,140 $ 1,814,400 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 154,811 $ 154,811 Products/services transferred over time 831,515 277,745 229,648 1,338,908 Total $ 831,515 $ 277,745 $ 384,459 $ 1,493,719 Six Months Ended June 30, 2020 Global Ecommerce Presort Services SendTech Solutions Revenue from products and services Revenue from leasing transactions and financing Total consolidated revenue Major products/service lines Business services $ 690,776 $ 258,847 $ 23,746 $ 973,369 $ — $ 973,369 Support services — — 235,801 235,801 — 235,801 Financing — — — — 174,540 174,540 Equipment sales — — 31,621 31,621 102,489 134,110 Supplies — — 78,482 78,482 — 78,482 Rentals — — — — 37,458 37,458 Subtotal 690,776 258,847 369,650 1,319,273 $ 314,487 $ 1,633,760 Revenue from leasing transactions and financing Financing — — 174,540 174,540 Equipment sales — — 102,489 102,489 Rentals — — 37,458 37,458 Total revenue $ 690,776 $ 258,847 $ 684,137 $ 1,633,760 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 137,124 $ 137,124 Products/services transferred over time 690,776 258,847 232,526 1,182,149 Total $ 690,776 $ 258,847 $ 369,650 $ 1,319,273
Contract Assets and Advance Billings	Advance Billings from Contracts with Customers Balance sheet location June 30, 2021 December 31, 2020 Increase/ (decrease) Advance billings, current Advance billings $ 110,812 $ 106,498 $ 4,314 Advance billings, noncurrent Other noncurrent liabilities $ 1,304 $ 1,277 $ 27
Future Performance Obligations	The transaction prices allocated to future performance obligations will be recognized as follows: Remainder of 2021 2022 2023-2026 Total SendTech Solutions $ 152,778 $ 240,694 $ 321,288 $ 714,760

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2021
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 (loss). Revenue Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Global Ecommerce $ 418,429 $ 398,453 $ 831,515 $ 690,776 Presort Services 134,619 118,127 277,745 258,847 SendTech Solutions 346,155 320,912 705,140 684,137 Total revenue $ 899,203 $ 837,492 $ 1,814,400 $ 1,633,760
Reconciliation of EBIT from Segments to Consolidated	EBIT Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Global Ecommerce $ (10,831) $ (18,894) $ (37,207) $ (48,369) Presort Services 16,134 12,582 35,185 28,277 SendTech Solutions 107,121 104,268 221,591 210,830 Total segment EBIT 112,424 97,956 219,569 190,738 Reconciliation of Segment EBIT to net income (loss): Unallocated corporate expenses (56,316) (49,489) (113,781) (93,211) Restructuring charges (4,844) (4,922) (7,733) (8,739) Interest expense, net (36,119) (38,385) (73,163) (76,757) Gain on sale of equity investment — 11,908 — 11,908 Goodwill impairment — — — (198,169) Loss on debt refinancing (989) — (52,383) (36,987) Gain on sale of business 10,201 — 10,201 — Gain on sale of assets 1,434 — 1,434 — Transaction costs — (349) — (641) (Provision) benefit for income taxes (4,915) (17,016) 9,077 (6,986) Income (loss) from continuing operations 20,876 (297) (6,779) (218,844) (Loss) income from discontinued operations, net of tax (1,020) (3,032) (4,906) 7,032 Net income (loss) $ 19,856 $ (3,329) $ (11,685) $ (211,812)

Earnings per Share (EPS) (Table

Earnings per Share (EPS) (Tables)	6 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
Schedule of Calculation of Numerator and Denominator in Earnings Per Share	Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Numerator: Income (loss) from continuing operations $ 20,876 $ (297) $ (6,779) $ (218,844) (Loss) income from discontinued operations, net of tax (1,020) (3,032) (4,906) 7,032 Net income (loss) $ 19,856 $ (3,329) $ (11,685) $ (211,812) Denominator: Weighted-average shares used in basic EPS 173,970 171,478 173,367 171,167 Dilutive effect of common stock equivalents (1) 5,009 — — — Weighted-average shares used in diluted EPS 178,979 171,478 173,367 171,167 Basic earnings (loss) per share (2) : Continuing operations $ 0.12 $ — $ (0.04) $ (1.28) Discontinued operations (0.01) (0.02) (0.03) 0.04 Net income (loss) $ 0.11 $ (0.02) $ (0.07) $ (1.24) Diluted earnings (loss) per share (2) : Continuing operations $ 0.12 $ — $ (0.04) $ (1.28) Discontinued operations (0.01) (0.02) (0.03) 0.04 Net income (loss) $ 0.11 $ (0.02) $ (0.07) $ (1.24) Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive: 6,451 19,963 6,451 18,297 (1) Due to the net loss for the three months ended June 30, 2020 and the six months ended June 30, 2021 and 2020, common stock equivalents of 1,019, 5,382 and 1,190, respectively, were also excluded from the calculation of diluted earnings per share as the impact would have been anti-dilutive. (2) The sum of the earnings per share amounts may not equal the totals due to rounding.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
Inventory Components	Inventories consisted of the following: June 30, December 31, Raw materials $ 17,833 $ 16,570 Supplies and service parts 25,073 24,061 Finished products 30,267 30,849 Inventory at FIFO cost 73,173 71,480 Excess of FIFO cost over LIFO cost (5,635) (5,635) Total inventory, net $ 67,538 $ 65,845

Finance Assets and Lessor Ope_2

Finance Assets and Lessor Operating Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
Financing Receivables	Finance receivables consisted of the following: June 30, 2021 December 31, 2020 North America International Total North America International Total Sales-type lease receivables Gross finance receivables $ 974,109 $ 195,085 $ 1,169,194 $ 994,985 $ 211,944 $ 1,206,929 Unguaranteed residual values 37,576 11,681 49,257 36,405 12,140 48,545 Unearned income (262,058) (60,825) (322,883) (275,359) (61,686) (337,045) Allowance for credit losses (23,352) (5,362) (28,714) (22,917) (6,006) (28,923) Net investment in sales-type lease receivables 726,275 140,579 866,854 733,114 156,392 889,506 Loan receivables Loan receivables 257,766 23,692 281,458 268,690 22,092 290,782 Allowance for credit losses (6,436) (416) (6,852) (6,484) (462) (6,946) Net investment in loan receivables 251,330 23,276 274,606 262,206 21,630 283,836 Net investment in finance receivables $ 977,605 $ 163,855 $ 1,141,460 $ 995,320 $ 178,022 $ 1,173,342
Sales-type Lease Maturity	Maturities of gross sales-type lease receivables and gross loan receivables at June 30, 2021 were as follows: Sales-type Lease Receivables Loan Receivables North America International Total North America International Total Remaining for year ending December 31, 2021 $ 202,304 $ 34,907 $ 237,211 $ 203,523 $ 23,692 $ 227,215 Year ending December 31, 2022 331,782 69,397 401,179 16,556 — 16,556 Year ending December 31, 2023 228,869 46,650 275,519 10,797 — 10,797 Year ending December 31, 2024 131,795 26,584 158,379 13,140 — 13,140 Year ending December 31, 2025 62,734 12,918 75,652 11,449 — 11,449 Thereafter 16,625 4,629 21,254 2,301 — 2,301 Total $ 974,109 $ 195,085 $ 1,169,194 $ 257,766 $ 23,692 $ 281,458
Loan Receivable Maturity	Maturities of gross sales-type lease receivables and gross loan receivables at June 30, 2021 were as follows: Sales-type Lease Receivables Loan Receivables North America International Total North America International Total Remaining for year ending December 31, 2021 $ 202,304 $ 34,907 $ 237,211 $ 203,523 $ 23,692 $ 227,215 Year ending December 31, 2022 331,782 69,397 401,179 16,556 — 16,556 Year ending December 31, 2023 228,869 46,650 275,519 10,797 — 10,797 Year ending December 31, 2024 131,795 26,584 158,379 13,140 — 13,140 Year ending December 31, 2025 62,734 12,918 75,652 11,449 — 11,449 Thereafter 16,625 4,629 21,254 2,301 — 2,301 Total $ 974,109 $ 195,085 $ 1,169,194 $ 257,766 $ 23,692 $ 281,458
Past Due Financing Receivables	The aging of gross finance receivables was as follows: June 30, 2021 Sales-type Lease Receivables Loan Receivables North International North International Total Past due amounts 0 - 90 days $ 962,059 $ 193,747 $ 253,061 $ 23,486 $ 1,432,353 Past due amounts > 90 days 12,050 1,338 4,705 206 18,299 Total $ 974,109 $ 195,085 $ 257,766 $ 23,692 $ 1,450,652 Past due amounts > 90 days Still accruing interest $ 2,449 $ 275 $ — $ — $ 2,724 Not accruing interest 9,601 1,063 4,705 206 15,575 Total $ 12,050 $ 1,338 $ 4,705 $ 206 $ 18,299 December 31, 2020 Sales-type Lease Receivables Loan Receivables North International North International Total Past due amounts 0 - 90 days $ 972,266 $ 208,968 $ 264,484 $ 21,932 $ 1,467,650 Past due amounts > 90 days 22,719 2,976 4,206 160 30,061 Total $ 994,985 $ 211,944 $ 268,690 $ 22,092 $ 1,497,711 Past due amounts > 90 days Still accruing interest $ 5,128 $ 463 $ 1,797 $ 59 $ 7,447 Not accruing interest 17,591 2,513 2,409 101 22,614 Total $ 22,719 $ 2,976 $ 4,206 $ 160 $ 30,061
Allowance for Credit Losses on Financing Receivables	Activity in the allowance for credit losses for finance receivables was as follows: Sales-type Lease Receivables Loan Receivables North International North International Total Balance at January 1, 2021 $ 22,917 $ 6,006 $ 6,484 $ 462 $ 35,869 Amounts charged to expense 1,127 (81) 1,477 (23) 2,500 Write-offs (2,226) (631) (3,392) (29) (6,278) Recoveries 1,500 146 1,862 1 3,509 Other 34 (78) 5 5 (34) Balance at June 30, 2021 $ 23,352 $ 5,362 $ 6,436 $ 416 $ 35,566 Sales-type Lease Receivables Loan Receivables North International North International Total Balance at December 31, 2019 $ 10,920 $ 2,085 $ 5,906 $ 740 $ 19,651 Cumulative effect of accounting change 9,271 1,750 (1,116) (402) 9,503 Amounts charged to expense 9,025 1,257 4,758 208 15,248 Write-offs (3,536) (386) (4,542) (297) (8,761) Recoveries 946 44 1,386 1 2,377 Other (23) (7) 90 36 96 Balance at June 30, 2020 $ 26,603 $ 4,743 $ 6,482 $ 286 $ 38,114
Financing Receivable Credit Quality Indicators	The table below shows the gross sales-type lease receivable and loan receivable balances by relative risk class and year of origination based on the relative scores of the accounts within each class as of June 30, 2021 and December 30, 2020. Sales Type Lease Receivables Loan Receivables Total 2021 2020 2019 2018 2017 Prior Low $ 145,875 $ 218,083 $ 189,322 $ 127,968 $ 55,954 $ 25,132 $ 191,571 $ 953,905 Medium 27,370 44,107 43,995 29,079 15,255 5,737 51,877 217,420 High 2,866 5,405 4,959 2,952 1,475 1,335 4,610 23,602 Not Scored 47,676 64,035 59,108 33,966 13,581 3,959 33,400 255,725 Total $ 223,787 $ 331,630 $ 297,384 $ 193,965 $ 86,265 $ 36,163 $ 281,458 $ 1,450,652 Sales Type Lease Receivables Loan Receivables Total 2020 2019 2018 2017 2016 Prior Low $ 256,573 $ 228,344 $ 165,244 $ 87,346 $ 30,518 $ 12,249 $ 192,971 $ 973,245 Medium 50,785 49,946 37,168 21,388 6,470 2,375 61,625 229,757 High 6,182 5,396 3,782 1,974 1,051 143 4,518 23,046 Not Scored 80,854 77,362 48,704 24,291 7,813 971 31,668 271,663 Total $ 394,394 $ 361,048 $ 254,898 $ 134,999 $ 45,852 $ 15,738 $ 290,782 $ 1,497,711
Sales-type Lease, Lease Income	Lease income from sales-type leases was as follows: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Profit recognized at commencement (1) $ 32,057 $ 21,271 $ 64,365 $ 51,179 Interest income 47,770 52,277 96,266 106,083 Total lease income from sales-type leases $ 79,827 $ 73,548 $ 160,631 $ 157,262 (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 Remaining for year ending December 31, 2021 $ 19,276 Year ending December 31, 2022 22,961 Year ending December 31, 2023 13,010 Year ending December 31, 2024 9,968 Year ending December 31, 2025 3,760 Thereafter 196 Total $ 69,171

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	6 Months Ended
	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible assets consisted of the following: June 30, 2021 December 31, 2020 Gross Accumulated Net Gross Accumulated Net Customer relationships $ 268,188 $ (128,247) $ 139,941 $ 268,199 $ (115,010) $ 153,189 Software & technology 19,000 (14,249) 4,751 19,000 (12,350) 6,650 Total intangible assets $ 287,188 $ (142,496) $ 144,692 $ 287,199 $ (127,360) $ 159,839
Amortization Expense In Future Periods	Future amortization expense as of June 30, 2021 is shown in the table below. Actual amortization expense may differ due to, among other things, fluctuations in foreign currency exchange rates, impairments, acquisitions and accelerated amortization. Remaining for year ending December 31, 2021 $ 15,147 Year ending December 31, 2022 29,315 Year ending December 31, 2023 26,465 Year ending December 31, 2024 26,465 Year ending December 31, 2025 19,805 Thereafter 27,495 Total $ 144,692
Schedule of Goodwill	Changes in the carrying value of goodwill, by reporting segment, are shown in the table below. Gross value before accumulated impairment Accumulated impairment December 31, 2020 Disposition Currency impact June 30, Global Ecommerce $ 609,431 $ (198,169) $ 411,262 $ (16,200) $ — $ 395,062 Presort Services 220,992 — 220,992 — — 220,992 SendTech Solutions 520,031 — 520,031 — (5,921) 514,110 Total goodwill $ 1,350,454 $ (198,169) $ 1,152,285 $ (16,200) $ (5,921) $ 1,130,164

Fair Value Measurements and D_2

Fair Value Measurements and Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2021
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. June 30, 2021 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds $ 49,696 $ 362,892 $ — $ 412,588 Equity securities — 30,115 — 30,115 Commingled fixed income securities 1,706 19,325 — 21,031 Government and related securities 26,052 25,974 — 52,026 Corporate debt securities — 67,674 — 67,674 Mortgage-backed / asset-backed securities — 206,520 — 206,520 Derivatives Interest rate swap — 445 — 445 Foreign exchange contracts — 438 — 438 Total assets $ 77,454 $ 713,383 $ — $ 790,837 Liabilities: Derivatives Foreign exchange contracts $ — $ (1,722) $ — $ (1,722) Total liabilities $ — $ (1,722) $ — $ (1,722) December 31, 2020 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds $ 73,228 $ 434,791 $ — $ 508,019 Equity securities — 26,583 — 26,583 Commingled fixed income securities 1,722 19,669 — 21,391 Government and related securities 16,776 16,757 — 33,533 Corporate debt securities — 71,433 — 71,433 Mortgage-backed / asset-backed securities — 220,678 — 220,678 Derivatives Foreign exchange contracts — 3,776 — 3,776 Total assets $ 91,726 $ 793,687 $ — $ 885,413 Liabilities: Derivatives Interest rate swap $ — $ (2,163) $ — $ (2,163) Foreign exchange contracts — (1,960) — (1,960) Total liabilities $ — $ (4,123) $ — $ (4,123)
Schedule of Available-for-sale Securities Reconciliation	Available-for-sale securities consisted of the following: June 30, 2021 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 51,055 $ 107 $ (636) $ 50,526 Corporate debt securities 69,475 357 (2,158) 67,674 Commingled fixed income securities 1,716 — (10) 1,706 Mortgage-backed / asset-backed securities 210,012 247 (3,739) 206,520 Total $ 332,258 $ 711 $ (6,543) $ 326,426 December 31, 2020 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 31,882 $ 157 $ (78) $ 31,961 Corporate debt securities 71,174 614 (355) 71,433 Commingled fixed income securities 1,706 16 — 1,722 Mortgage-backed / asset-backed securities 220,659 734 (715) 220,678 Total $ 325,421 $ 1,521 $ (1,148) $ 325,794
Schedule of Unrealized Holding Losses	Investment securities in a loss position were as follows: June 30, 2021 December 31, 2020 Fair Value Gross unrealized losses Fair Value Gross unrealized losses Less than 12 continuous months $ 287,161 $ 6,483 $ 132,267 $ 1,072 Greater than 12 continuous months 2,016 60 2,369 76 Total $ 289,177 $ 6,543 $ 134,636 $ 1,148
Available-for-sale Securities	Scheduled maturities of available-for-sale securities at June 30, 2021 were as follows: Amortized cost Estimated fair value Within 1 year $ 13,147 $ 13,149 After 1 year through 5 years 21,318 21,261 After 5 years through 10 years 60,188 58,612 After 10 years 237,605 233,404 Total $ 332,258 $ 326,426
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The fair value of derivative instruments was as follows: Designation of Derivatives Balance Sheet Location June 30, December 31, Derivatives designated as Foreign exchange contracts Other current assets and prepayments $ 60 $ 96 Accounts payable and accrued liabilities (41) (112) Interest rate swaps Other assets (Other noncurrent liabilities) 445 (2,163) Derivatives not designated as Foreign exchange contracts Other current assets and prepayments 378 3,680 Accounts payable and accrued liabilities (1,681) (1,848) Total derivative assets $ 883 $ 3,776 Total derivative liabilities (1,722) (4,123) Total net derivative liability $ (839) $ (347)
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location	Results of cash flow hedging relationships were as follows: Three Months Ended June 30, Derivative Gain (Loss) Location of Gain (Loss) Gain (Loss) Reclassified Derivative Instrument 2021 2020 2021 2020 Foreign exchange contracts $ (54) $ (121) Revenue $ 118 $ (64) Cost of sales (47) 32 Interest rate swap (3,672) (1,605) Interest expense — — $ (3,726) $ (1,726) $ 71 $ (32) Six Months Ended June 30, Derivative Gain (Loss) Location of Gain (Loss) Gain (Loss) Reclassified Derivative Instrument 2021 2020 2021 2020 Foreign exchange contracts $ 174 $ (281) Revenue $ 244 $ (3) Cost of sales (105) 42 Interest rate swap 2,608 (1,605) Interest expense — — $ 2,782 $ (1,886) $ 139 $ 39
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location	All outstanding contracts at June 30, 2021 mature within 12 months. The mark-to-market adjustments of non-designated derivative instruments were as follows: Three Months Ended June 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2021 2020 Foreign exchange contracts Selling, general and administrative expense $ 514 $ 1,200 Six Months Ended June 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2021 2020 Foreign exchange contracts Selling, general and administrative expense $ 1,067 $ (3,667)
Fair Value, by Balance Sheet Grouping	The carrying value and estimated fair value of debt was as follows: June 30, 2021 December 31, 2020 Carrying value $ 2,427,713 $ 2,564,393 Fair value $ 2,482,619 $ 2,479,895

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2021
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	Activity in our restructuring reserves was as follows: Severance and other exit costs Balance at January 1, 2021 $ 10,063 Expenses, net 7,733 Cash payments (8,825) Noncash activity (541) Balance at June 30, 2021 $ 8,430 Balance at January 1, 2020 $ 12,006 Expenses, net 8,739 Cash payments (11,365) Noncash activity (1,836) Balance at June 30, 2020 $ 7,544

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt	Total debt consisted of the following: Interest rate June 30, 2021 December 31, 2020 Notes due October 2021 4.875% $ — $ 152,588 Notes due May 2022 5.625% 72,447 148,792 Notes due April 2023 6.20% 93,394 271,000 Notes due March 2024 4.625% 260,826 374,000 Notes due March 2027 6.875% 400,000 — Notes due March 2029 7.25% 350,000 — Notes due January 2037 5.25% 35,841 35,841 Notes due March 2043 6.70% 425,000 425,000 Term loan due March 2026 LIBOR + 1.75% 380,000 380,000 Term loan due January 2025 LIBOR + 5.5% — 818,125 Term loan due March 2028 LIBOR + 4.0% 448,875 — Other debt 4,295 4,900 Principal amount 2,470,678 2,610,246 Less: unamortized costs, net 42,965 45,853 Total debt 2,427,713 2,564,393 Less: current portion long-term debt 97,015 216,032 Long-term debt $ 2,330,698 $ 2,348,361

Pensions and Other Benefit Pr_2

Pensions and Other Benefit Programs (Tables)	6 Months Ended
	Jun. 30, 2021
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	The components of net periodic benefit cost (income) were as follows: Defined Benefit Pension Plans Nonpension Postretirement Benefit Plans United States Foreign Three Months Ended Three Months Ended Three Months Ended June 30, June 30, June 30, 2021 2020 2021 2020 2021 2020 Service cost $ 105 $ 27 $ 314 $ 399 $ 226 $ 217 Interest cost 10,744 13,179 3,007 3,407 964 1,242 Expected return on plan assets (19,478) (21,303) (8,107) (7,969) — — Amortization of transition credit — — — (1) — — Amortization of prior service (credit) cost (15) (15) 68 59 33 94 Amortization of net actuarial loss 9,639 8,197 2,380 2,005 1,077 738 Settlement 314 612 — 3,190 — — Net periodic benefit cost (income) $ 1,309 $ 697 $ (2,338) $ 1,090 $ 2,300 $ 2,291 Contributions to benefit plans $ 1,845 $ 1,969 $ 328 $ 580 $ 3,380 $ 3,616 Defined Benefit Pension Plans Nonpension Postretirement Benefit Plans United States Foreign Six Months Ended Six Months Ended Six Months Ended June 30, June 30, June 30, 2021 2020 2021 2020 2021 2020 Service cost $ 131 $ 53 $ 709 $ 798 $ 450 $ 434 Interest cost 21,489 26,358 5,968 6,925 1,925 2,487 Expected return on plan assets (38,956) (42,607) (16,091) (16,177) — — Amortization of transition credit — — — (2) — — Amortization of prior service (credit) cost (30) (30) 135 120 65 187 Amortization of net actuarial loss 19,277 16,395 4,725 4,064 2,155 1,474 Settlement 314 1,001 — 3,190 — — Net periodic benefit cost (income) $ 2,225 $ 1,170 $ (4,554) $ (1,082) $ 4,595 $ 4,582 Contributions to benefit plans $ 2,860 $ 3,898 $ 9,024 $ 8,568 $ 6,900 $ 8,071

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity	Changes in stockholders’ equity were as follows: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at April 1, 2021 $ 323,338 $ 15,269 $ 5,161,029 $ (847,538) $ (4,632,935) $ 19,163 Net income — — 19,856 — — 19,856 Other comprehensive income — — — 16,235 — 16,235 Dividends paid ($0.05 per common share) — — (8,700) — — (8,700) Issuance of common stock — (16,423) — — 16,182 (241) Stock-based compensation expense — 7,057 — — — 7,057 Balance at June 30, 2021 $ 323,338 $ 5,903 $ 5,172,185 $ (831,303) $ (4,616,753) $ 53,370 Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at April 1, 2020 $ 323,338 $ 69,553 $ 5,200,024 $ (857,874) $ (4,705,611) $ 29,430 Net loss — — (3,329) — — (3,329) Other comprehensive income — — — 21,612 — 21,612 Dividends paid ($0.05 per common share) — — (8,576) — — (8,576) Issuance of common stock — (6,484) — — 6,498 14 Stock-based compensation expense — 5,429 — — — 5,429 Balance at June 30, 2020 $ 323,338 $ 68,498 $ 5,188,119 $ (836,262) $ (4,699,113) $ 44,580 Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at January 1, 2021 $ 323,338 $ 68,502 $ 5,201,195 $ (839,131) $ (4,687,509) $ 66,395 Net loss — — (11,685) — — (11,685) Other comprehensive income — — — 7,828 — 7,828 Dividends paid ($0.10 per common share) — — (17,325) — — (17,325) Issuance of common stock — (74,877) — — 70,756 (4,121) Stock-based compensation expense — 12,278 — — — 12,278 Balance at June 30, 2021 $ 323,338 $ 5,903 $ 5,172,185 $ (831,303) $ (4,616,753) $ 53,370 Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at January 1, 2020 $ 323,338 $ 98,748 $ 5,438,930 $ (840,143) $ (4,734,777) $ 286,096 Cumulative effect of accounting change — — (21,900) — — (21,900) Net loss — — (211,812) — — (211,812) Other comprehensive income — — — 3,881 — 3,881 Dividends paid ($0.10 per common share) — — (17,099) — — (17,099) Issuance of common stock — (37,200) — — 35,664 (1,536) Stock-based compensation expense — 6,950 — — — 6,950 Balance at June 30, 2020 $ 323,338 $ 68,498 $ 5,188,119 $ (836,262) $ (4,699,113) $ 44,580

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications out of AOCL were as follows: Gain (Loss) Reclassified from AOCL Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Cash flow hedges Revenue $ 118 $ (64) $ 244 $ (3) Cost of sales (47) 32 (105) 42 Interest expense, net (96) — (96) — Total before tax (25) (32) 43 39 Income tax provision (6) (8) 11 10 Net of tax $ (19) $ (24) $ 32 $ 29 Available-for-sale securities Financing revenue $ 1 $ 3,233 $ — $ 3,517 Selling, general and administrative expense 217 — 259 — Total before tax 218 3,233 259 3,517 Income tax provision 55 805 65 876 Net of tax $ 163 $ 2,428 $ 194 $ 2,641 Pension and postretirement benefit plans Transition credit $ — $ 1 $ — $ 2 Prior service costs (86) (138) (170) (277) Actuarial losses (13,096) (10,940) (26,157) (21,933) Settlement (314) (3,802) (314) (4,191) Total before tax (13,496) (14,879) (26,641) (26,399) Income tax benefit (3,303) (3,502) (6,511) (6,152) Net of tax $ (10,193) $ (11,377) $ (20,130) $ (20,247)
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in AOCL were as follows: Cash flow hedges Available for sale securities Pension and postretirement benefit plans Foreign currency adjustments Total Balance at January 1, 2021 $ (1,411) $ 402 $ (851,063) $ 12,941 $ (839,131) Other comprehensive income (loss) before reclassifications (1) 3,456 (4,783) — (10,749) (12,076) Reclassifications into earnings (1) (32) (194) 20,130 — 19,904 Net other comprehensive income (loss) 3,424 (4,977) 20,130 (10,749) 7,828 Balance at June 30, 2021 $ 2,013 $ (4,575) $ (830,933) $ 2,192 $ (831,303) Cash flow hedges Available for sale securities Pension and postretirement benefit plans Foreign currency adjustments Total Balance at January 1, 2020 $ 337 $ 2,849 $ (819,018) $ (24,311) $ (840,143) Other comprehensive (loss) income before reclassifications (1) (1,416) 5,356 — (17,636) (13,696) Reclassifications into earnings (1) (29) (2,641) 20,247 — 17,577 Net other comprehensive (loss) income (1,445) 2,715 20,247 (17,636) 3,881 Balance at June 30, 2020 $ (1,108) $ 5,564 $ (798,771) $ (41,947) $ (836,262)

Supplemental Financial Statem_2

Supplemental Financial Statement Information (Tables)	6 Months Ended
	Jun. 30, 2021
Other Income and Expenses [Abstract]
Accounting Standards Update	Activity in the allowance for credit losses on accounts receivables for the six months ended June 30, 2021 and 2020 is presented below. See Note 7 for additional information pertaining to our finance receivables. Balance at beginning of year Cumulative effect of accounting change Amounts charged to expense Write-offs, recoveries and other Balance at end of period Accounts and other receivables Other assets June 30, 2021 $ 35,344 $ — $ 2,488 $ (7,085) $ 30,747 $ 13,959 $ 16,788 June 30, 2020 $ 17,830 $ 15,336 $ 12,692 $ (13,384) $ 32,474 $ 32,474 $ —
Schedule of Other (Income) Expense	Other (income) expense consisted of the following: Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Loss on debt refinancing $ 989 $ — $ 52,383 $ 36,987 Insurance proceeds (3,000) (5,467) (3,000) (8,967) Gain on sale of equity investment — (11,908) — (11,908) Gain on sale of business (10,201) — (10,201) — Gain on sale of assets (1,434) — (1,434) — Other (income) expense $ (13,646) $ (17,375) $ 37,748 $ 16,112
Schedule of Cash Flow Supplemental Information	Supplemental cash flow information is as follows: Six Months Ended June 30, 2021 2020 Cash interest paid $ 58,501 $ 82,732 Cash income tax payments, net of refunds $ 2,180 $ 12,176 Finance leased assets obtained in exchange for new lease obligations $ 19,568 $ 2,756

Description of Business and B_4

Description of Business and Basis of Presentation (Error Correction) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Changes in finance receivables	$ 30,620	$ 83,955
Net cash from operating activities - continuing operations	144,729	124,845
Net cash from operating activities	144,729	86,422
Purchases of investment securities	(68,143)	(282,065)
Proceeds from sales/maturities of investment securities	58,870	214,466
Net change in short-term and other investing activities	(2,964)	387
Net investment in loan receivables		387
Other investing activities	0	1,539
Net cash from investing activities - continuing operations	(66,527)	(73,987)
Net cash from investing activities	(68,034)	(76,489)
Customer deposits at the Bank		22,331
Net cash from financing activities	$ (199,024)	(62,267)
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Changes in finance receivables		84,342
Net cash from operating activities - continuing operations		125,232
Net cash from operating activities		86,809
Purchases of investment securities		(115,565)
Proceeds from sales/maturities of investment securities		94,425
Net change in short-term and other investing activities		(44,035)
Customer deposits at the Bank		22,331
Other investing activities		(885)
Net cash from investing activities - continuing operations		(52,043)
Net cash from investing activities		(54,545)
Net cash from financing activities		(84,598)
Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Changes in finance receivables		(387)
Net cash from operating activities - continuing operations		(387)
Net cash from operating activities		(387)
Purchases of investment securities		(166,500)
Proceeds from sales/maturities of investment securities		120,041
Net change in short-term and other investing activities		44,035
Net investment in loan receivables		387
Customer deposits at the Bank		(22,331)
Other investing activities		2,424
Net cash from investing activities - continuing operations		(21,944)
Net cash from investing activities		(21,944)
Customer deposits at the Bank		22,331
Net cash from financing activities		$ 22,331

Revenue (Disaggregates of Reven

Revenue (Disaggregates of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	$ 899,203	$ 837,492	$ 1,814,400	$ 1,633,760
Total consolidated revenue	899,203	837,492	1,814,400	1,633,760
ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	743,227	690,041	1,493,719	1,319,273
Products/services transferred at a point in time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	77,275	58,750	154,811	137,124
Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	665,952	631,291	1,338,908	1,182,149
Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	743,227	690,041	1,493,719	1,319,273
Revenue from leasing transactions and financing	155,976	147,451	320,681	314,487
Total consolidated revenue	899,203	837,492	1,814,400	1,633,760
Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	567,022	528,990	1,137,476	973,369
Revenue from leasing transactions and financing	0	0	0	0
Total consolidated revenue	567,022	528,990	1,137,476	973,369
Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	115,156	113,786	233,853	235,801
Revenue from leasing transactions and financing	0	0	0	0
Total consolidated revenue	115,156	113,786	233,853	235,801
Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	73,453	85,462	151,265	174,540
Total consolidated revenue	73,453	85,462	151,265	174,540
Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	22,394	14,492	41,511	31,621
Revenue from leasing transactions and financing	63,873	43,345	131,559	102,489
Total consolidated revenue	86,267	57,837	173,070	134,110
Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	38,655	32,773	80,879	78,482
Revenue from leasing transactions and financing	0	0	0	0
Total consolidated revenue	38,655	32,773	80,879	78,482
Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	18,650	18,644	37,857	37,458
Total consolidated revenue	18,650	18,644	37,857	37,458
Global Ecommerce
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	418,429	398,453	831,515	690,776
Global Ecommerce | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	418,429	398,453	831,515	690,776
Global Ecommerce | Products/services transferred at a point in time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Global Ecommerce | Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	418,429	398,453	831,515	690,776
Global Ecommerce | Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	418,429	398,453	831,515	690,776
Global Ecommerce | Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	418,429	398,453	831,515	690,776
Global Ecommerce | Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Global Ecommerce | Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	0	0	0	0
Global Ecommerce | Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	0	0	0	0
Global Ecommerce | Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Global Ecommerce | Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	0	0	0	0
Presort Services
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	134,619	118,127	277,745	258,847
Presort Services | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	134,619	118,127	277,745	258,847
Presort Services | Products/services transferred at a point in time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Presort Services | Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	134,619	118,127	277,745	258,847
Presort Services | Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	134,619	118,127	277,745	258,847
Presort Services | Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	134,619	118,127	277,745	258,847
Presort Services | Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Presort Services | Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	0	0	0	0
Presort Services | Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	0	0	0	0
Presort Services | Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Presort Services | Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	0	0	0	0
SendTech Solutions
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	346,155	320,912	705,140	684,137
SendTech Solutions | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	190,179	173,461	384,459	369,650
SendTech Solutions | Products/services transferred at a point in time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	77,275	58,750	154,811	137,124
SendTech Solutions | Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	112,904	114,711	229,648	232,526
SendTech Solutions | Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	190,179	173,461	384,459	369,650
SendTech Solutions | Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	13,974	12,410	28,216	23,746
SendTech Solutions | Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	115,156	113,786	233,853	235,801
SendTech Solutions | Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	73,453	85,462	151,265	174,540
SendTech Solutions | Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	22,394	14,492	41,511	31,621
Revenue from leasing transactions and financing	63,873	43,345	131,559	102,489
SendTech Solutions | Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	38,655	32,773	80,879	78,482
SendTech Solutions | Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	$ 18,650	$ 18,644	$ 37,857	$ 37,458

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Advanced billings, revenue recognized	$ 92
Lease transactions	$ 9	$ 8
Expected timing of satisfaction period	12 months
Business services | Minimum
Disaggregation of Revenue [Line Items]
Period of recognition	1 year
Business services | Maximum
Disaggregation of Revenue [Line Items]
Period of recognition	5 years

Revenue (Contract Assets and Ad

Revenue (Contract Assets and Advance Billings) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Advance billings, current	$ 110,812	$ 106,498
Advance billings, noncurrent	1,304	$ 1,277
Increase/ (decrease)
Advance billings, current	4,314
Advance billings, noncurrent	$ 27

Revenue (Future Performance Obl

Revenue (Future Performance Obligations) (Details) $ in Thousands	Jun. 30, 2021USD ($)
Revenue from Contract with Customer [Abstract]
Future performance obligations	$ 714,760
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Revenue from Contract with Customer [Abstract]
Future performance obligations	$ 152,778
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue from Contract with Customer [Abstract]
Future performance obligations	$ 240,694
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue from Contract with Customer [Abstract]
Future performance obligations	$ 321,288
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction period	3 years

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment reporting information profit (loss)
Revenue	$ 899,203	$ 837,492	$ 1,814,400	$ 1,633,760
Reconciliation of Segment EBIT to net income (loss):
Restructuring charges			(7,733)	(8,739)
Interest expense, net	(24,346)	(26,446)	(49,504)	(52,329)
Gain on sale of equity investment			0	11,908
Goodwill impairment	0	0	0	(198,169)
Loss on debt refinancing	(989)	0	(52,383)	(36,987)
Gain on sale of business	10,201	0	10,201	0
Gain on sale of assets	1,434	0	1,434	0
(Provision) benefit for income taxes	(4,915)	(17,016)	9,077	(6,986)
Income (loss) from continuing operations	20,876	(297)	(6,779)	(218,844)
(Loss) income from discontinued operations, net of tax	(1,020)	(3,032)	(4,906)	7,032
Net loss	19,856	(3,329)	(11,685)	(211,812)
Operating Segments
Segment reporting information profit (loss)
EBIT	112,424	97,956	219,569	190,738
Segment Reconciling Items
Reconciliation of Segment EBIT to net income (loss):
Unallocated corporate expenses	(56,316)	(49,489)	(113,781)	(93,211)
Restructuring charges	(4,844)	(4,922)	(7,733)	(8,739)
Interest expense, net	(36,119)	(38,385)	(73,163)	(76,757)
Gain on sale of equity investment	0	11,908	0	11,908
Goodwill impairment	0	0	0	(198,169)
Loss on debt refinancing	(989)	0	(52,383)	(36,987)
Gain on sale of business	10,201	0	10,201	0
Gain on sale of assets	1,434	0	1,434	0
Transaction costs	0	(349)	0	(641)
(Provision) benefit for income taxes	(4,915)	(17,016)	9,077	(6,986)
Digital Commerce Solutions | Global Ecommerce
Segment reporting information profit (loss)
Revenue from contracts with customers	418,429	398,453	831,515	690,776
EBIT	(10,831)	(18,894)	(37,207)	(48,369)
Reconciliation of Segment EBIT to net income (loss):
Goodwill impairment				(198,169)
Digital Commerce Solutions | Presort Services
Segment reporting information profit (loss)
Revenue from contracts with customers	134,619	118,127	277,745	258,847
EBIT	16,134	12,582	35,185	28,277
Reconciliation of Segment EBIT to net income (loss):
Goodwill impairment				0
SendTech Solutions
Segment reporting information profit (loss)
Revenue from contracts with customers	346,155	320,912	705,140	684,137
Reconciliation of Segment EBIT to net income (loss):
Goodwill impairment				0
SendTech Solutions | Operating Segments
Segment reporting information profit (loss)
EBIT	$ 107,121	$ 104,268	$ 221,591	$ 210,830

Earnings per Share (EPS) (Detai

Earnings per Share (EPS) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Income (loss) from continuing operations		$ 20,876	$ (297)	$ (6,779)	$ (218,844)
Numerator:
(Loss) income from discontinued operations, net of tax		(1,020)	(3,032)	(4,906)	7,032
Net income (loss)		$ 19,856	$ (3,329)	$ (11,685)	$ (211,812)
Denominator:
Weighted-average shares used in basic EPS (in shares)		173,970,000	171,478,000	173,367,000	171,167,000
Dilutive effect of common stock equivalents (in shares)		5,009,000	0	0	0
Weighted-average shares used in diluted EPS (in shares)		178,979,000	171,478,000	173,367,000	171,167,000
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	$ 0.12	$ 0	$ (0.04)	$ (1.28)
Discontinued operations (in dollars per share)	[1]	(0.01)	(0.02)	(0.03)	0.04
Net (loss) income (in dollars per share)	[1]	0.11	(0.02)	(0.07)	(1.24)
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	0.12	0	(0.04)	(1.28)
Discontinued operations (in dollars per share)	[1]	(0.01)	(0.02)	(0.03)	0.04
Net (loss) income (in dollars per share)	[1]	$ 0.11	$ (0.02)	$ (0.07)	$ (1.24)
Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive (in shares)		6,451,000	19,963,000	6,451,000	18,297,000
Dilutive effect of common stock equivalents			1,019	5,382	1,190,000
[1]	The sum of the earnings per share amounts may not equal the totals due to rounding.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 17,833	$ 16,570
Supplies and service parts	25,073	24,061
Finished products	30,267	30,849
Inventory at FIFO cost	73,173	71,480
Excess of FIFO cost over LIFO cost	(5,635)	(5,635)
Total inventory, net	$ 67,538	$ 65,845

Finance Assets and Lessor Ope_3

Finance Assets and Lessor Operating Leases (Finance Receivables) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	$ (35,566)	$ (35,869)	$ (38,114)	$ (19,651)
Net investment in receivables	1,141,460	1,173,342
North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net investment in receivables	977,605	995,320
International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net investment in receivables	163,855	178,022
Sales-type lease receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	1,169,194	1,206,929
Unguaranteed residual values	49,257	48,545
Unearned income	(322,883)	(337,045)
Allowance for credit losses	(28,714)	(28,923)
Net investment in receivables	866,854	889,506
Sales-type lease receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	974,109	994,985
Unguaranteed residual values	37,576	36,405
Unearned income	(262,058)	(275,359)
Allowance for credit losses	(23,352)	(22,917)	(26,603)	(10,920)
Net investment in receivables	726,275	733,114
Sales-type lease receivables | International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	195,085	211,944
Unguaranteed residual values	11,681	12,140
Unearned income	(60,825)	(61,686)
Allowance for credit losses	(5,362)	(6,006)	(4,743)	(2,085)
Net investment in receivables	140,579	156,392
Loan receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	281,458	290,782
Allowance for credit losses	(6,852)	(6,946)
Net investment in receivables	274,606	283,836
Loan receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	257,766	268,690
Allowance for credit losses	(6,436)	(6,484)	(6,482)	(5,906)
Net investment in receivables	251,330	262,206
Loan receivables | International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	23,692	22,092
Allowance for credit losses	(416)	(462)	$ (286)	$ (740)
Net investment in receivables	$ 23,276	$ 21,630
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Lease period	3 years
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Lease period	5 years

Finance Assets and Lessor Ope_4

Finance Assets and Lessor Operating Leases (Sales-type Lease and Loan Receivables) (Details) $ in Thousands	Jun. 30, 2021USD ($)
Sales-type Lease Receivables
Remaining for year ending December 31, 2021	$ 237,211
Year ending December 31, 2022	401,179
Year ending December 31, 2023	275,519
Year ending December 31, 2024	158,379
Year ending December 31, 2025	75,652
Thereafter	21,254
Total	1,169,194
Loan Receivables
Remaining for year ending December 31, 2021	227,215
Year ending December 31, 2022	16,556
Year ending December 31, 2023	10,797
Year ending December 31, 2024	13,140
Year ending December 31, 2025	11,449
Thereafter	2,301
Total	281,458
North America
Sales-type Lease Receivables
Remaining for year ending December 31, 2021	202,304
Year ending December 31, 2022	331,782
Year ending December 31, 2023	228,869
Year ending December 31, 2024	131,795
Year ending December 31, 2025	62,734
Thereafter	16,625
Total	974,109
Loan Receivables
Remaining for year ending December 31, 2021	203,523
Year ending December 31, 2022	16,556
Year ending December 31, 2023	10,797
Year ending December 31, 2024	13,140
Year ending December 31, 2025	11,449
Thereafter	2,301
Total	257,766
International
Sales-type Lease Receivables
Remaining for year ending December 31, 2021	34,907
Year ending December 31, 2022	69,397
Year ending December 31, 2023	46,650
Year ending December 31, 2024	26,584
Year ending December 31, 2025	12,918
Thereafter	4,629
Total	195,085
Loan Receivables
Remaining for year ending December 31, 2021	23,692
Year ending December 31, 2022	0
Year ending December 31, 2023	0
Year ending December 31, 2024	0
Year ending December 31, 2025	0
Thereafter	0
Total	$ 23,692

Finance Assets and Lessor Ope_5

Finance Assets and Lessor Operating Leases (Aging of Receivables) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Total	$ 1,450,652	$ 1,497,711
Still accruing interest	2,724	7,447
Not accruing interest	15,575	22,614
Total	18,299	30,061
1 - 90 days
Financing Receivable, Past Due [Line Items]
Total	1,432,353	1,467,650
Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	18,299	30,061
Sales-type lease receivables | North America
Financing Receivable, Past Due [Line Items]
Total	974,109	994,985
Still accruing interest	2,449	5,128
Not accruing interest	9,601	17,591
Total	12,050	22,719
Sales-type lease receivables | North America | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Total	962,059	972,266
Sales-type lease receivables | North America | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	12,050	22,719
Sales-type lease receivables | International
Financing Receivable, Past Due [Line Items]
Total	195,085	211,944
Still accruing interest	275	463
Not accruing interest	1,063	2,513
Total	1,338	2,976
Sales-type lease receivables | International | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Total	193,747	208,968
Sales-type lease receivables | International | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	1,338	2,976
Loan receivables
Financing Receivable, Past Due [Line Items]
Total	281,458	290,782
Loan receivables | North America
Financing Receivable, Past Due [Line Items]
Total	257,766	268,690
Still accruing interest	0	1,797
Not accruing interest	4,705	2,409
Total	4,705	4,206
Loan receivables | North America | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Total	253,061	264,484
Loan receivables | North America | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	4,705	4,206
Loan receivables | International
Financing Receivable, Past Due [Line Items]
Total	23,692	22,092
Still accruing interest	0	59
Not accruing interest	206	101
Total	206	160
Loan receivables | International | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Total	23,486	21,932
Loan receivables | International | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	$ 206	$ 160

Finance Assets and Lessor Ope_6

Finance Assets and Lessor Operating Leases (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Revenue recognition resume period (less than)	60 days
Allowance for Credit Losses
Beginning Balance	$ 35,869	$ 19,651
Amounts charged to expense	2,500	15,248
Write-offs	(6,278)	(8,761)
Recoveries	3,509	2,377
Other	(34)	96
Ending Balance	$ 35,566	38,114
Cumulative Effect
Allowance for Credit Losses
Beginning Balance		9,503
Sales-type lease receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Average term	5 years
Revenue recognition discontinuation period (more than)	120 days
Allowance for Credit Losses
Beginning Balance	$ 28,923
Ending Balance	28,714
Sales-type lease receivables | North America
Allowance for Credit Losses
Beginning Balance	22,917	10,920
Amounts charged to expense	1,127	9,025
Write-offs	(2,226)	(3,536)
Recoveries	1,500	946
Other	34	(23)
Ending Balance	23,352	26,603
Sales-type lease receivables | North America | Cumulative Effect
Allowance for Credit Losses
Beginning Balance		9,271
Sales-type lease receivables | International
Allowance for Credit Losses
Beginning Balance	6,006	2,085
Amounts charged to expense	(81)	1,257
Write-offs	(631)	(386)
Recoveries	146	44
Other	(78)	(7)
Ending Balance	$ 5,362	4,743
Sales-type lease receivables | International | Cumulative Effect
Allowance for Credit Losses
Beginning Balance		1,750
Loan receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Average term	3 years
Revenue recognition discontinuation period (more than)	90 days
Allowance for Credit Losses
Beginning Balance	$ 6,946
Ending Balance	6,852
Loan receivables | North America
Allowance for Credit Losses
Beginning Balance	6,484	5,906
Amounts charged to expense	1,477	4,758
Write-offs	(3,392)	(4,542)
Recoveries	1,862	1,386
Other	5	90
Ending Balance	6,436	6,482
Loan receivables | North America | Cumulative Effect
Allowance for Credit Losses
Beginning Balance		(1,116)
Loan receivables | International
Allowance for Credit Losses
Beginning Balance	462	740
Amounts charged to expense	(23)	208
Write-offs	(29)	(297)
Recoveries	1	1
Other	5	36
Ending Balance	$ 416	286
Loan receivables | International | Cumulative Effect
Allowance for Credit Losses
Beginning Balance		$ (402)

Finance Assets and Lessor Ope_7

Finance Assets and Lessor Operating Leases (Credit Quality) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,450,652	$ 1,497,711
Low
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	5.00%
Total	$ 953,905	973,245
Medium
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 217,420	229,757
Medium | Minimum
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	5.00%
Medium | Maximum
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	10.00%
High
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	10.00%
Total	$ 23,602	23,046
Not Scored
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 255,725	271,663
International
Financing Receivable, Credit Quality Indicator [Line Items]
Percent of applications approved or denied	80.00%
Sales-type lease receivables
Financing Receivable, Credit Quality Indicator [Line Items]
2021	$ 223,787	394,394
2020	331,630	361,048
2019	297,384	254,898
2018	193,965	134,999
2017	86,265	45,852
Prior	36,163	15,738
Sales-type lease receivables | Low
Financing Receivable, Credit Quality Indicator [Line Items]
2021	145,875	256,573
2020	218,083	228,344
2019	189,322	165,244
2018	127,968	87,346
2017	55,954	30,518
Prior	25,132	12,249
Sales-type lease receivables | Medium
Financing Receivable, Credit Quality Indicator [Line Items]
2021	27,370	50,785
2020	44,107	49,946
2019	43,995	37,168
2018	29,079	21,388
2017	15,255	6,470
Prior	5,737	2,375
Sales-type lease receivables | High
Financing Receivable, Credit Quality Indicator [Line Items]
2021	2,866	6,182
2020	5,405	5,396
2019	4,959	3,782
2018	2,952	1,974
2017	1,475	1,051
Prior	1,335	143
Sales-type lease receivables | Not Scored
Financing Receivable, Credit Quality Indicator [Line Items]
2021	47,676	80,854
2020	64,035	77,362
2019	59,108	48,704
2018	33,966	24,291
2017	13,581	7,813
Prior	3,959	971
Sales-type lease receivables | International
Financing Receivable, Credit Quality Indicator [Line Items]
Total	195,085	211,944
Loan receivables
Financing Receivable, Credit Quality Indicator [Line Items]
Total	281,458	290,782
Loan receivables | Low
Financing Receivable, Credit Quality Indicator [Line Items]
Total	191,571	192,971
Loan receivables | Medium
Financing Receivable, Credit Quality Indicator [Line Items]
Total	51,877	61,625
Loan receivables | High
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,610	4,518
Loan receivables | Not Scored
Financing Receivable, Credit Quality Indicator [Line Items]
Total	33,400	31,668
Loan receivables | International
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 23,692	$ 22,092

Finance Assets and Lessor Ope_8

Finance Assets and Lessor Operating Leases (Lease Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Lessor, Lease, Description [Line Items]
Profit recognized at commencement	$ 32,057	$ 21,271	$ 64,365	$ 51,179
Interest income	47,770	52,277	96,266	106,083
Total lease income from sales-type leases	$ 79,827	73,548	$ 160,631	157,262
As Previously Reported
Lessor, Lease, Description [Line Items]
Total lease income from sales-type leases		$ 55,000		$ 119,000

Finance Assets and Lessor Ope_9

Finance Assets and Lessor Operating Leases (Operating Leases) (Details) $ in Thousands	Jun. 30, 2021USD ($)
Lessor, Lease, Description [Line Items]
Remaining for year ending December 31, 2021	$ 19,276
Year ending December 31, 2022	22,961
Year ending December 31, 2023	13,010
Year ending December 31, 2024	9,968
Year ending December 31, 2025	3,760
Thereafter	196
Total	$ 69,171
Mailing Equipment | Minimum
Lessor, Lease, Description [Line Items]
Term	1 year
Mailing Equipment | Maximum
Lessor, Lease, Description [Line Items]
Term	5 years

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill (Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Finite lived intangible assets
Gross Carrying Amount	$ 287,188		$ 287,188		$ 287,199
Accumulated Amortization	(142,496)		(142,496)		(127,360)
Net Carrying Amount	144,692		144,692		159,839
Amortization expense	8,000	$ 9,000	15,000	$ 18,000
Customer relationships
Finite lived intangible assets
Gross Carrying Amount	268,188		268,188		268,199
Accumulated Amortization	(128,247)		(128,247)		(115,010)
Net Carrying Amount	139,941		139,941		153,189
Software & technology
Finite lived intangible assets
Gross Carrying Amount	19,000		19,000		19,000
Accumulated Amortization	(14,249)		(14,249)		(12,350)
Net Carrying Amount	$ 4,751		$ 4,751		$ 6,650

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill (Future Amortization Expense) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Finite lived intangible assets future amortization expense
Remaining for year ending December 31, 2021	$ 15,147
Year ending December 31, 2022	29,315
Year ending December 31, 2023	26,465
Year ending December 31, 2024	26,465
Year ending December 31, 2025	19,805
Thereafter	27,495
Net Carrying Amount	$ 144,692	$ 159,839

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill (Goodwill) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Goodwill
Gross value before accumulated impairment				$ 1,350,454
Accumulated impairment	$ 0	$ 0	$ 0	(198,169)
Beginning balance			1,152,285
Disposition			(16,200)
Currency impact			(5,921)
Ending balance	1,130,164		1,130,164
Gain on sale of business	10,201	$ 0	10,201	0
Goodwill	1,130,164		1,130,164
Tacit
Goodwill
Ending balance	16,000		16,000
Net proceeds			28,000
Pre-tax gain			10,000
Gain on sale of business			4,000
Goodwill	16,000		16,000
Digital Commerce Solutions | Global Ecommerce
Goodwill
Gross value before accumulated impairment				609,431
Accumulated impairment				(198,169)
Beginning balance			411,262
Disposition			(16,200)
Currency impact			0
Ending balance	395,062		395,062
Goodwill	395,062		395,062
Digital Commerce Solutions | Presort Services
Goodwill
Gross value before accumulated impairment				220,992
Accumulated impairment				0
Beginning balance			220,992
Disposition			0
Currency impact			0
Ending balance	220,992		220,992
Goodwill	220,992		220,992
SendTech Solutions
Goodwill
Gross value before accumulated impairment				520,031
Accumulated impairment				$ 0
Beginning balance			520,031
Disposition			0
Currency impact			(5,921)
Ending balance	514,110		514,110
Goodwill	$ 514,110		$ 514,110

Fair Value Measurements and D_3

Fair Value Measurements and Derivative Instruments (Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	$ 326,426	$ 325,794
Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	412,588	508,019
Equity securities	30,115	26,583
Mortgage-backed / asset-backed securities	206,520	220,678
Total assets	790,837	885,413
Liabilities	(1,722)	(4,123)
Level 1 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	49,696	73,228
Equity securities	0	0
Mortgage-backed / asset-backed securities	0	0
Total assets	77,454	91,726
Liabilities	0	0
Level 2 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	362,892	434,791
Equity securities	30,115	26,583
Mortgage-backed / asset-backed securities	206,520	220,678
Total assets	713,383	793,687
Liabilities	(1,722)	(4,123)
Level 3 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Equity securities	0	0
Mortgage-backed / asset-backed securities	0	0
Total assets	0	0
Liabilities	0	0
Interest rate swaps | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	445
Derivative liabilities		(2,163)
Interest rate swaps | Level 1 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0
Derivative liabilities		0
Interest rate swaps | Level 2 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	445
Derivative liabilities		(2,163)
Interest rate swaps | Level 3 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0
Derivative liabilities		0
Foreign exchange contracts | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	438	3,776
Derivative liabilities	(1,722)	(1,960)
Foreign exchange contracts | Level 1 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Foreign exchange contracts | Level 2 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	438	3,776
Derivative liabilities	(1,722)	(1,960)
Foreign exchange contracts | Level 3 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Commingled fixed income securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	1,706	1,722
Commingled fixed income securities | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	21,031	21,391
Commingled fixed income securities | Level 1 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	1,706	1,722
Commingled fixed income securities | Level 2 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	19,325	19,669
Commingled fixed income securities | Level 3 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	0	0
Government and related securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	50,526	31,961
Government and related securities | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	52,026	33,533
Government and related securities | Level 1 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	26,052	16,776
Government and related securities | Level 2 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	25,974	16,757
Government and related securities | Level 3 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	0	0
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	67,674	71,433
Corporate debt securities | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	67,674	71,433
Corporate debt securities | Level 1 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	0	0
Corporate debt securities | Level 2 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	67,674	71,433
Corporate debt securities | Level 3 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	$ 0	$ 0

Fair Value Measurements and D_4

Fair Value Measurements and Derivative Instruments (Available-for-sale Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	$ 332,258	$ 325,421
Gross unrealized gains	711	1,521
Gross unrealized losses	(6,543)	(1,148)
Estimated fair value	326,426	325,794
Government and related securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	51,055	31,882
Gross unrealized gains	107	157
Gross unrealized losses	(636)	(78)
Estimated fair value	50,526	31,961
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	69,475	71,174
Gross unrealized gains	357	614
Gross unrealized losses	(2,158)	(355)
Estimated fair value	67,674	71,433
Commingled fixed income securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	1,716	1,706
Gross unrealized gains	0	16
Gross unrealized losses	(10)	0
Estimated fair value	1,706	1,722
Mortgage-backed / asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	210,012	220,659
Gross unrealized gains	247	734
Gross unrealized losses	(3,739)	(715)
Estimated fair value	$ 206,520	$ 220,678

Fair Value Measurements and D_5

Fair Value Measurements and Derivative Instruments (Unrealized Holding Losses) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Less than 12 continuous months	$ 287,161	$ 132,267
Greater than 12 continuous months	2,016	2,369
Total	289,177	134,636
Gross unrealized losses
Less than 12 continuous months	6,483	1,072
Greater than 12 continuous months	60	76
Total	$ 6,543	$ 1,148

Fair Value Measurements and D_6

Fair Value Measurements and Derivative Instruments (Narrative) (Details) - USD ($)	1 Months Ended
	May 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Percentage of securities in loss position		33.00%
Time deposits			$ 75,000,000
Foreign exchange contracts
Derivative [Line Items]
Derivative notional amount		$ 1,000,000	$ 8,000,000
Interest rate swaps
Derivative [Line Items]
Derivative notional amount	$ 500,000,000	$ 200,000,000
Loans receivable	$ 2,000,000

Fair Value Measurements and D_7

Fair Value Measurements and Derivative Instruments (Available-for-sale Securities Maturities) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Amortized cost
Within 1 year	$ 13,147
After 1 year through 5 years	21,318
After 5 years through 10 years	60,188
After 10 years	237,605
Amortized cost	332,258	$ 325,421
Estimated fair value
Within 1 year	13,149
After 1 year through 5 years	21,261
After 5 years through 10 years	58,612
After 10 years	233,404
Total	$ 326,426	$ 325,794

Fair Value Measurements and D_8

Fair Value Measurements and Derivative Instruments (Derivative Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Total net derivative liability	$ (839)	$ (347)
Total derivative assets
Derivative [Line Items]
Total net derivative liability	883	3,776
Total derivative liabilities
Derivative [Line Items]
Total net derivative liability	(1,722)	(4,123)
Foreign exchange contracts | Derivatives designated as hedging instruments | Other current assets and prepayments
Derivative [Line Items]
Total net derivative liability	60	96
Foreign exchange contracts | Derivatives designated as hedging instruments | Accounts payable and accrued liabilities
Derivative [Line Items]
Total net derivative liability	(41)	(112)
Foreign exchange contracts | Derivatives not designated as hedging instruments | Other current assets and prepayments
Derivative [Line Items]
Total net derivative liability	378	3,680
Foreign exchange contracts | Derivatives not designated as hedging instruments | Accounts payable and accrued liabilities
Derivative [Line Items]
Total net derivative liability	(1,681)	(1,848)
Interest rate swaps | Derivatives designated as hedging instruments | Other assets (Other noncurrent liabilities)
Derivative [Line Items]
Total net derivative liability	$ 445	$ (2,163)

Fair Value Measurements and D_9

Fair Value Measurements and Derivative Instruments (Cash Flow Hedging Relationships) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCI (Effective Portion)	$ (3,726)	$ (1,726)	$ 2,782	$ (1,886)
Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)	71	(32)	139	39
Foreign exchange contracts
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCI (Effective Portion)	(54)	(121)	174	(281)
Foreign exchange contracts | Revenue
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)	118	(64)	244	(3)
Foreign exchange contracts | Cost of sales
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)	(47)	32	(105)	42
Foreign exchange contracts | Selling, general and administrative expense
Derivative [Line Items]
Derivative Gain (Loss) Recognized in Earnings	514	1,200	1,067	(3,667)
Interest rate swaps
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCI (Effective Portion)	(3,672)	(1,605)	2,608	(1,605)
Interest rate swaps | Interest expense
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements and _10

Fair Value Measurements and Derivative Instruments (Fair Value of Debt) (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Carrying value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 2,427,713	$ 2,564,393
Fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 2,482,619	$ 2,479,895

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Restructuring Costs
Expenses, net	$ 7,733	$ 8,739
Cash payments	$ (8,825)	(11,365)
Minimum
Restructuring Costs
Restructuring reserve, expected payment period	12 months
Maximum
Restructuring Costs
Restructuring reserve, expected payment period	24 months
Severance and other exit costs
Restructuring Costs
Balance Beginning	$ 10,063	12,006
Expenses, net	7,733	8,739
Cash payments	(8,825)	(11,365)
Noncash activity	(541)	(1,836)
Balance Ending	$ 8,430	$ 7,544

Debt (Schedule of Debt) (Detail

Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Principal amount	$ 2,470,678	$ 2,610,246
Less: unamortized costs, net	42,965	45,853
Total debt	2,427,713	2,564,393
Less: current portion long-term debt	97,015	216,032
Long-term debt	$ 2,330,698	2,348,361
Notes due | Notes due October 2021
Debt Instrument [Line Items]
Interest rate	4.875%
Principal amount	$ 0	152,588
Notes due | Notes due May 2022
Debt Instrument [Line Items]
Interest rate	5.625%
Principal amount	$ 72,447	148,792
Notes due | Notes due April 2023
Debt Instrument [Line Items]
Interest rate	6.20%
Principal amount	$ 93,394	271,000
Notes due | Notes due March 2024
Debt Instrument [Line Items]
Interest rate	4.625%
Principal amount	$ 260,826	374,000
Notes due | Notes due March 2027
Debt Instrument [Line Items]
Interest rate	6.875%
Principal amount	$ 400,000	0
Notes due | Notes due March 2029
Debt Instrument [Line Items]
Interest rate	7.25%
Principal amount	$ 350,000	0
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
Notes due | Term loan due March 2026
Debt Instrument [Line Items]
Interest rate	1.90%
Principal amount	$ 380,000	380,000
Notes due | Term loan due March 2026 | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Notes due | Term loan due January 2025
Debt Instrument [Line Items]
Principal amount	$ 0	818,125
Notes due | Term loan due January 2025 | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	5.50%
Notes due | Term loan due March 2028
Debt Instrument [Line Items]
Interest rate	4.10%
Principal amount	$ 448,875	0
Notes due | Term loan due March 2028 | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	4.00%
Other debt
Debt Instrument [Line Items]
Principal amount	$ 4,295	$ 4,900

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	May 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Principal amount	$ 2,470,678,000		$ 2,610,246,000
Interest rate swaps
Debt Instrument [Line Items]
Derivative notional amount	200,000,000	$ 500,000,000
Fixed interest rate		0.56%
Notes due
Debt Instrument [Line Items]
Pre-tax gain	52,000,000
Line of credit | Revolving credit facility
Debt Instrument [Line Items]
Principal amount	380,000,000
Maximum borrowing capacity	500,000,000
Outstanding borrowings	0
Notes due March 2027 | Notes due
Debt Instrument [Line Items]
Principal amount	$ 400,000,000		0
Interest rate	6.875%
Notes due March 2029 | Notes due
Debt Instrument [Line Items]
Principal amount	$ 350,000,000		0
Interest rate	7.25%
Term loan due March 2028 | Notes due
Debt Instrument [Line Items]
Principal amount	$ 448,875,000		0
Loan amount	$ 450,000,000
Interest rate	4.10%
Debt term	7 years
Notes due October 2021 | Notes due
Debt Instrument [Line Items]
Principal amount	$ 0		152,588,000
Interest rate	4.875%
Debt redeemed	$ 153,000,000
Notes due May 2022 | Notes due
Debt Instrument [Line Items]
Principal amount	$ 72,447,000		148,792,000
Interest rate	5.625%
Debt redeemed	$ 363,000,000
Notes due April 2023 | Notes due
Debt Instrument [Line Items]
Principal amount	$ 93,394,000		271,000,000
Interest rate	6.20%
Debt redeemed	$ 363,000,000
Notes due March 2024 | Notes due
Debt Instrument [Line Items]
Principal amount	$ 260,826,000		374,000,000
Interest rate	4.625%
Debt redeemed	$ 363,000,000
Term loan due January 2025 | Notes due
Debt Instrument [Line Items]
Principal amount	0		818,125,000
Repayments of debt	818,000,000
Term loan due March 2026 | Notes due
Debt Instrument [Line Items]
Principal amount	$ 380,000,000		$ 380,000,000
Interest rate	1.90%

Pensions and Other Benefit Pr_3

Pensions and Other Benefit Programs (Components of Net Periodic Benefit Cost (Income)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Defined Benefit Pension Plans | United States
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 105	$ 27	$ 131	$ 53
Interest cost	10,744	13,179	21,489	26,358
Expected return on plan assets	(19,478)	(21,303)	(38,956)	(42,607)
Amortization of transition credit	0	0	0	0
Amortization of prior service (credit) cost	(15)	(15)	(30)	(30)
Amortization of net actuarial loss	9,639	8,197	19,277	16,395
Settlement	314	612	314	1,001
Net periodic benefit cost (income)	1,309	697	2,225	1,170
Contributions to benefit plans	1,845	1,969	2,860	3,898
Defined Benefit Pension Plans | Foreign
Defined Benefit Plan Disclosure [Line Items]
Service cost	314	399	709	798
Interest cost	3,007	3,407	5,968	6,925
Expected return on plan assets	(8,107)	(7,969)	(16,091)	(16,177)
Amortization of transition credit	0	(1)	0	(2)
Amortization of prior service (credit) cost	68	59	135	120
Amortization of net actuarial loss	2,380	2,005	4,725	4,064
Settlement	0	3,190	0	3,190
Net periodic benefit cost (income)	(2,338)	1,090	(4,554)	(1,082)
Contributions to benefit plans	328	580	9,024	8,568
Nonpension Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	226	217	450	434
Interest cost	964	1,242	1,925	2,487
Expected return on plan assets	0	0	0	0
Amortization of transition credit	0	0	0	0
Amortization of prior service (credit) cost	33	94	65	187
Amortization of net actuarial loss	1,077	738	2,155	1,474
Settlement	0	0	0	0
Net periodic benefit cost (income)	2,300	2,291	4,595	4,582
Contributions to benefit plans	$ 3,380	$ 3,616	$ 6,900	$ 8,071

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Effective tax rate (percent)	19.10%	101.80%	57.20%	(3.30%)
Tax legislation			$ 5,000
Income tax charge			6,000
Pre-tax gain	$ 10,201	$ 0	10,201	$ 0
Benefit from reorganization			3,000
Benefit from windfall associated with the vesting of restricted stock			2,000
Deferred tax assets associated with the expiration of out-of-money vested stock options and the vesting of restricted stock			1,000	3,000
Income tax expense from surrender of life insurance policy				12,000
Benefit from goodwill impairment				2,000
Goodwill impairment	$ 0	$ 0	$ 0	198,169
Tax benefit from resolution of settlement				$ 2,000
Percent decrease in unrecognized benefits, reasonably possible (up to)	15.00%		15.00%

Commitments and Contingencies D

Commitments and Contingencies Disclosure (Details) - Equipment - Digital Commerce Solutions $ in Millions	Jun. 30, 2021USD ($)
Lessee, Lease, Description [Line Items]
Lease payments	$ 38
Minimum
Lessee, Lease, Description [Line Items]
Term of contract	7 years
Maximum
Lessee, Lease, Description [Line Items]
Term of contract	10 years

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	$ 19,163	$ 29,430	$ 66,395	$ 286,096
Net loss	19,856	(3,329)	(11,685)	(211,812)
Other comprehensive income	16,235	21,612	7,828	3,881
Dividends paid	(8,700)	(8,576)	(17,325)	(17,099)
Issuance of common stock	(241)	14	(4,121)	(1,536)
Stock-based compensation expense	7,057	5,429	12,278	6,950
Balances, end of period	$ 53,370	$ 44,580	$ 53,370	$ 44,580
Dividends paid (USD per share)	$ 0.05	$ 0.05	$ 0.10	$ 0.10
Cumulative Effect
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period				$ (21,900)
Common stock
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	$ 323,338	$ 323,338	$ 323,338	323,338
Balances, end of period	323,338	323,338	323,338	323,338
Additional paid-in capital
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	15,269	69,553	68,502	98,748
Issuance of common stock	(16,423)	(6,484)	(74,877)	(37,200)
Stock-based compensation expense	7,057	5,429	12,278	6,950
Balances, end of period	5,903	68,498	5,903	68,498
Retained earnings
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	5,161,029	5,200,024	5,201,195	5,438,930
Net loss	19,856	(3,329)	(11,685)	(211,812)
Dividends paid	(8,700)	(8,576)	(17,325)	(17,099)
Balances, end of period	5,172,185	5,188,119	5,172,185	5,188,119
Retained earnings | Cumulative Effect
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period				(21,900)
Accumulated other comprehensive loss
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	(847,538)	(857,874)	(839,131)	(840,143)
Other comprehensive income	16,235	21,612	7,828	3,881
Balances, end of period	(831,303)	(836,262)	(831,303)	(836,262)
Treasury stock
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	(4,632,935)	(4,705,611)	(4,687,509)	(4,734,777)
Issuance of common stock	16,182	6,498	70,756	35,664
Balances, end of period	$ (4,616,753)	$ (4,699,113)	$ (4,616,753)	$ (4,699,113)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Reclassifications) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	$ 899,203	$ 837,492	$ 1,814,400	$ 1,633,760
Interest expense, net	(24,346)	(26,446)	(49,504)	(52,329)
Selling, general and administrative	(236,190)	(233,631)	(474,292)	(482,264)
Income (loss) from continuing operations before taxes	25,791	16,719	(15,856)	(211,858)
Income tax provision	(4,915)	(17,016)	9,077	(6,986)
Net loss	19,856	(3,329)	(11,685)	(211,812)
Reclassification out of Accumulated Other Comprehensive Loss | Cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	118	(64)	244	(3)
Cost of sales	(47)	32	(105)	42
Interest expense, net	(96)	0	(96)	0
Income (loss) from continuing operations before taxes	(25)	(32)	43	39
Income tax provision	(6)	(8)	11	10
Net loss	(19)	(24)	32	29
Reclassification out of Accumulated Other Comprehensive Loss | Available for sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	1	3,233	0	3,517
Selling, general and administrative	217	0	259	0
Income (loss) from continuing operations before taxes	218	3,233	259	3,517
Income tax provision	55	805	65	876
Net loss	163	2,428	194	2,641
Reclassification out of Accumulated Other Comprehensive Loss | Pension and postretirement benefit plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income (loss) from continuing operations before taxes	(13,496)	(14,879)	(26,641)	(26,399)
Income tax provision	(3,303)	(3,502)	(6,511)	(6,152)
Net loss	(10,193)	(11,377)	(20,130)	(20,247)
Reclassification out of Accumulated Other Comprehensive Loss | Transition credit
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension and postretirement benefit plans	0	1	0	2
Reclassification out of Accumulated Other Comprehensive Loss | Prior service costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension and postretirement benefit plans	(86)	(138)	(170)	(277)
Reclassification out of Accumulated Other Comprehensive Loss | Actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension and postretirement benefit plans	(13,096)	(10,940)	(26,157)	(21,933)
Reclassification out of Accumulated Other Comprehensive Loss | Settlement
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension and postretirement benefit plans	$ (314)	$ (3,802)	$ (314)	$ (4,191)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Changes) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period	$ 19,163	$ 29,430	$ 66,395	$ 286,096
Other comprehensive income (loss) before reclassifications			(12,076)	(13,696)
Reclassifications into earnings			19,904	17,577
Other comprehensive income, net of tax	16,235	21,612	7,828	3,881
Balances, end of period	53,370	44,580	53,370	44,580
Cash flow hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period			(1,411)	337
Other comprehensive income (loss) before reclassifications			3,456	(1,416)
Reclassifications into earnings			(32)	(29)
Other comprehensive income, net of tax			3,424	(1,445)
Balances, end of period	2,013	(1,108)	2,013	(1,108)
Available for sale securities
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period			402	2,849
Other comprehensive income (loss) before reclassifications			(4,783)	5,356
Reclassifications into earnings			(194)	(2,641)
Other comprehensive income, net of tax			(4,977)	2,715
Balances, end of period	(4,575)	5,564	(4,575)	5,564
Pension and postretirement benefit plans
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period			(851,063)	(819,018)
Other comprehensive income (loss) before reclassifications			0	0
Reclassifications into earnings			20,130	20,247
Other comprehensive income, net of tax			20,130	20,247
Balances, end of period	(830,933)	(798,771)	(830,933)	(798,771)
Foreign currency adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period			12,941	(24,311)
Other comprehensive income (loss) before reclassifications			(10,749)	(17,636)
Reclassifications into earnings			0	0
Other comprehensive income, net of tax			(10,749)	(17,636)
Balances, end of period	2,192	(41,947)	2,192	(41,947)
Total
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period	(847,538)	(857,874)	(839,131)	(840,143)
Other comprehensive income, net of tax	16,235	21,612	7,828	3,881
Balances, end of period	$ (831,303)	$ (836,262)	$ (831,303)	$ (836,262)

Supplemental Financial Statem_3

Supplemental Financial Statement Information (Allowance for Credit on Losses for Accounts and Other Reveivables) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for doubtful accounts	$ 13,959		$ 18,899
Allowance for credit losses	4,988	$ 27,941
Accounts and other receivables	13,959	32,474
Other assets	16,788	0
ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for doubtful accounts	35,344	17,830	$ 30,747	$ 32,474
Allowance for credit losses	2,488	12,692
Write-offs, recoveries and other	(7,085)	(13,384)
ASU 2016-13 | Cumulative Effect
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for doubtful accounts	$ 0	$ 15,336

Supplemental Financial Statem_4

Supplemental Financial Statement Information (Other Expense, Net) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Other Income and Expenses [Abstract]
Loss on debt refinancing	$ 989	$ 0	$ 52,383	$ 36,987
Insurance proceeds	(3,000)	(5,467)	(3,000)	(8,967)
Gain on sale of equity investment	0	(11,908)	0	(11,908)
Gain on sale of business	(10,201)	0	(10,201)	0
Gain on sale of assets	1,434	0	1,434	0
Other (income) expense	$ (13,646)	$ (17,375)	$ 37,748	$ 16,112

Supplemental Financial Statem_5

Supplemental Financial Statement Information (Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Other Income and Expenses [Abstract]
Cash interest paid	$ 58,501	$ 82,732
Cash income tax payments, net of refunds	2,180	12,176
Finance leased assets obtained in exchange for new lease obligations	$ 19,568	$ 2,756