Pitney Bowes (PBI) 10-Q 5 Nov 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2021	Oct. 29, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		176,064,604
Entity Central Index Key	0000078814
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
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		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue		$ 875,449	$ 891,898	$ 2,689,849	$ 2,525,658
Costs and expenses:
Selling, general and administrative		225,024	238,618	699,316	720,882
Research and development		10,621	9,255	32,996	28,838
Restructuring charges		3,701	3,766	11,434	12,505
Goodwill impairment		0	0	0	198,169
Interest expense, net		24,312	27,175	73,816	79,504
Other components of net pension and postretirement cost (income)		46	(109)	708	126
Other expense (income)		3,193	(6,325)	40,941	9,787
Total costs and expenses		868,479	880,571	2,698,735	2,726,189
Income (loss) from continuing operations before taxes		6,970	11,327	(8,886)	(200,531)
(Benefit) provision for income taxes		(1,525)	554	(10,602)	7,540
Income (loss) from continuing operations		8,495	10,773	1,716	(208,071)
Income (loss) from discontinued operations, net of tax		572	616	(4,334)	7,648
Net income (loss)		$ 9,067	$ 11,389	$ (2,618)	$ (200,423)
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	$ 0.05	$ 0.06	$ 0.01	$ (1.21)
Discontinued operations (in dollars per share)	[1]	0	0	(0.02)	0.04
Net (loss) income (in dollars per share)	[1]	0.05	0.07	(0.02)	(1.17)
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	0.05	0.06	0.01	(1.21)
Discontinued operations (in dollars per share)	[1]	0	0	(0.02)	0.04
Net (loss) income (in dollars per share)	[1]	$ 0.05	$ 0.07	$ (0.02)	$ (1.17)
Business services
Revenue		$ 551,384	$ 550,954	$ 1,688,860	$ 1,524,323
Costs and expenses:
Cost of products and sales		472,216	482,965	1,454,564	1,311,941
Support services
Revenue		113,413	117,519	347,266	353,320
Costs and expenses:
Cost of products and sales		38,250	37,647	112,646	114,132
Financing
Revenue		71,936	86,218	223,201	260,758
Costs and expenses:
Cost of products and sales		11,710	11,626	35,369	36,054
Equipment sales
Revenue		83,234	79,572	256,304	213,682
Costs and expenses:
Cost of equipment sales		62,221	59,766	185,622	165,045
Supplies
Revenue		38,211	39,635	119,090	118,117
Costs and expenses:
Cost of products and sales		10,705	10,132	32,383	30,751
Rentals
Revenue		17,271	18,000	55,128	55,458
Costs and expenses:
Cost of products and sales		$ 6,480	$ 6,055	$ 18,940	$ 18,455
[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 (Loss) Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 9,067	$ 11,389	$ (2,618)	$ (200,423)
Other comprehensive (loss) income, net of tax:
Foreign currency translation, net of tax of $(1,062), $1,621, $(765) and $(91), respectively	(18,175)	22,676	(28,924)	5,040
Net unrealized gain (loss) on cash flow hedges, net of tax of $17, $(317), $1,152 and $(796), respectively	50	(957)	3,474	(2,402)
Net unrealized loss on investment securities, net of tax of $(467), $(2,716), $(2,117) and $(1,816), respectively	(1,408)	(8,191)	(6,385)	(5,476)
Amortization of pension and postretirement costs, net of tax of $3,097, $2,875, $9,608 and $9,027, respectively	9,606	9,162	29,736	29,409
Other comprehensive (loss) income, net of tax	(9,927)	22,690	(2,099)	26,571
Comprehensive (loss) income	$ (860)	$ 34,079	$ (4,717)	$ (173,852)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive (Loss) Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Foreign currency translation, tax	$ (1,062)	$ 1,621	$ (765)	$ (91)
Net unrealized gain (loss) on cash flow hedges, tax	17	(317)	1,152	(796)
Net unrealized gain on investment securities, tax	(467)	(2,716)	(2,117)	(1,816)
Amortization of pension and postretirement costs, tax	$ 3,097	$ 2,875	$ 9,608	$ 9,027

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 729,149	$ 921,450
Short-term investments (includes $3,334 and $18,974, respectively, reported at fair value)	14,060	18,974
Accounts and other receivables (net of allowance of $11,807 and $18,899, respectively)	313,765	389,240
Short-term finance receivables (net of allowance of $14,078 and $18,012, respectively)	556,985	568,050
Inventories	69,496	65,845
Current income taxes	32,290	23,219
Other current assets and prepayments	127,513	120,145
Total current assets	1,843,258	2,106,923
Property, plant and equipment, net	467,396	391,280
Rental property and equipment, net	36,461	38,435
Long-term finance receivables (net of allowance of $15,829 and $17,857 respectively)	582,352	605,292
Goodwill	1,124,705	1,152,285
Intangible assets, net	137,118	159,839
Operating lease assets	212,028	201,916
Noncurrent income taxes	67,049	72,653
Other assets (includes $337,577 and $355,799, respectively, reported at fair value)	484,247	491,514
Total assets	4,954,614	5,220,137
Current liabilities:
Accounts payable and accrued liabilities	871,798	880,616
Customer deposits at Pitney Bowes Bank	642,712	617,200
Current operating lease liabilities	41,347	39,182
Current portion of long-term debt	24,733	216,032
Advance billings	104,094	114,550
Current income taxes	4,078	2,880
Total current liabilities	1,688,762	1,870,460
Long-term debt	2,314,151	2,348,361
Deferred taxes on income	283,395	279,451
Tax uncertainties and other income tax liabilities	35,380	38,163
Noncurrent operating lease liabilities	193,861	180,292
Other noncurrent liabilities	390,402	437,015
Total liabilities	4,905,951	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	2,463	68,502
Retained earnings	5,172,527	5,201,195
Accumulated other comprehensive loss	(841,230)	(839,131)
Treasury stock, at cost (148,809,481 and 151,362,724 shares, respectively)	(4,608,435)	(4,687,509)
Total stockholders’ equity	48,663	66,395
Total liabilities and stockholders’ equity	$ 4,954,614	$ 5,220,137

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Short-term investments	$ 3,334	$ 18,974
Allowance for doubtful accounts	11,807	18,899
Short-term finance receivables allowance	14,078	18,012
Long-term finance receivables allowance	15,829	17,857
Other assets, fair value	$ 337,577	$ 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)	148,809,481	151,362,724

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net income (loss)	$ (2,618)	$ (200,423)
Loss (income) from discontinued operations, net of tax	4,334	(7,648)
Restructuring payments	(14,847)	(15,869)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation and amortization	121,225	120,403
Allowance for credit losses	6,382	35,400
Stock-based compensation	15,448	15,236
Restructuring charges	11,434	12,505
Amortization of debt fees	5,694	7,962
Goodwill impairment	0	198,169
Loss on debt refinancing	55,576	36,987
Gain on sale of assets	(1,434)	(21,969)
Gain on sale of business	(10,201)	0
Changes in operating assets and liabilities, net of acquisitions/divestitures:
Accounts and other receivables	62,537	(8,064)
Finance receivables	31,893	86,135
Inventories	(4,304)	1,051
Other current assets and prepayments	(8,900)	(18,400)
Accounts payable	20,953	(14,486)
Accrued liabilities	(28,285)	13,439
Current and noncurrent income taxes	(14,294)	21,682
Advance billings	(9,402)	687
Pension and retiree medical liabilities	(58,287)	(60,442)
Other, net	33,270	27,234
Net cash from operating activities - continuing operations	216,174	229,589
Net cash from operating activities - discontinued operations	0	(38,423)
Net cash from operating activities	216,174	191,166
Cash flows from investing activities:
Capital expenditures	(140,907)	(80,787)
Purchases of investment securities	(70,896)	(591,304)
Proceeds from sales/maturities of investment securities	78,941	501,459
Net investment in loan receivables	(6,627)	(3,806)
Proceeds from asset sales	1,840	58,248
Acquisitions, net of cash acquired	0	(6,608)
Proceeds from sale of business, net of cash sold	27,573	0
Other investing activities	0	9,559
Net cash from investing activities - continuing operations	(110,076)	(113,239)
Net cash from investing activities - discontinued operations	(1,610)	(2,502)
Net cash from investing activities	(111,686)	(115,741)
Cash flows from financing activities:
Proceeds from the issuance of debt, net of discount	1,195,500	916,544
Principal payments of debt	(1,429,603)	(1,072,260)
Premiums and fees paid to refinance debt	(50,130)	(32,645)
Dividends paid to stockholders	(26,050)	(25,693)
Customer deposits at Pitney Bowes Bank	25,512	19,464
Other financing activities	(7,078)	(3,318)
Net cash from financing activities	(291,849)	(197,908)
Effect of exchange rate changes on cash and cash equivalents	(4,940)	(2,782)
Change in cash and cash equivalents	(192,301)	(125,265)
Cash and cash equivalents at beginning of period	921,450	924,442
Cash and cash equivalents at end of period	$ 729,149	$ 799,177

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Sep. 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 shipping and mailing company that provides technology, logistics, and financial services to more than 90 percent of the Fortune 500. Small business, retail, enterprise and government clients around the world rely on us to remove the complexity of sending mail and parcels. For additional 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 September 30, 2020 has been revised and the impact on our previously issued interim Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2020 is as follows: Nine Months Ended September 30, 2020 (unaudited) As Previously Reported Adjustments Reclass As Revised and Reclassified Cash flows from operating activities Changes in finance receivables $ 85,593 $ 542 $ — $ 86,135 Net cash from operating activities: continuing operations $ 229,047 $ 542 $ — $ 229,589 Net cash from operating activities $ 190,624 $ 542 $ — $ 191,166 Cash flows from investing activities Purchases of investment securities $ (392,427) $ (198,877) $ — $ (591,304) Proceeds from sales/maturities of investment securities $ 241,924 $ 259,535 $ — $ 501,459 Net change in short-term and other investing activities $ 68,464 $ (68,464) $ — $ — Net investment in loan receivables $ — $ (542) $ (3,264) $ (3,806) Customer deposits at the Bank $ 19,464 $ (19,464) $ — $ — Other investing activities $ (1,511) $ 7,806 $ 3,264 $ 9,559 Net cash from investing activities: continuing operations $ (93,233) $ (20,006) $ — $ (113,239) Net cash from investing activities $ (95,735) $ (20,006) $ — $ (115,741) Cash flows from financing activities Customer deposits at the Bank $ — $ 19,464 $ — $ 19,464 Net cash from financing activities $ (217,372) $ 19,464 $ — $ (197,908) 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. The transition to new reference interest rates will require certain contracts to be modified and the ASU is intended to provide temporary optional expedients and exceptions to U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. The accommodations provided by the ASU are effective through December 31, 2022 and may be applied at the beginning of any interim period within that time frame. We have matched LIBOR-based debt with LIBOR based interest rate swaps and have elected to apply the practical expedient related to probability and the assessment of the effectiveness for future LIBOR-indexed cash flows, which assumes that the debt instrument will use the same index rate as its corresponding interest rate swap once a new reference rate is established to replace LIBOR. We may apply other expedients as additional reference rate changes occur. We continue to assess the impact of this standard on our consolidated financial statements.

Revenue

Revenue	9 Months Ended
	Sep. 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 September 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 $ 398,011 $ 139,296 $ 14,077 $ 551,384 $ — $ 551,384 Support services — — 113,413 113,413 — 113,413 Financing — — — — 71,936 71,936 Equipment sales — — 25,089 25,089 58,145 83,234 Supplies — — 38,211 38,211 — 38,211 Rentals — — — — 17,271 17,271 Subtotal 398,011 139,296 190,790 728,097 $ 147,352 $ 875,449 Revenue from leasing transactions and financing Financing — — 71,936 71,936 Equipment sales — — 58,145 58,145 Rentals — — 17,271 17,271 Total revenue $ 398,011 $ 139,296 $ 338,142 $ 875,449 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 81,205 $ 81,205 Products/services transferred over time 398,011 139,296 109,585 646,892 Total $ 398,011 $ 139,296 $ 190,790 $ 728,097 Three Months Ended September 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 $ 409,981 $ 127,705 $ 13,268 $ 550,954 $ — $ 550,954 Support services — — 117,519 117,519 — 117,519 Financing — — — — 86,218 86,218 Equipment sales — — 17,935 17,935 61,637 79,572 Supplies — — 39,635 39,635 — 39,635 Rentals — — — — 18,000 18,000 Subtotal 409,981 127,705 188,357 726,043 $ 165,855 $ 891,898 Revenue from leasing transactions and financing Financing — — 86,218 86,218 Equipment sales — — 61,637 61,637 Rentals — — 18,000 18,000 Total revenue $ 409,981 $ 127,705 $ 354,212 $ 891,898 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 73,602 $ 73,602 Products/services transferred over time 409,981 127,705 114,755 652,441 Total $ 409,981 $ 127,705 $ 188,357 $ 726,043 Nine Months Ended September 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 $ 1,229,526 $ 417,041 $ 42,293 $ 1,688,860 $ — $ 1,688,860 Support services — — 347,266 347,266 — 347,266 Financing — — — — 223,201 223,201 Equipment sales — — 66,600 66,600 189,704 256,304 Supplies — — 119,090 119,090 — 119,090 Rentals — — — — 55,128 55,128 Subtotal 1,229,526 417,041 575,249 2,221,816 $ 468,033 $ 2,689,849 Revenue from leasing transactions and financing Financing — — 223,201 223,201 Equipment sales — — 189,704 189,704 Rentals — — 55,128 55,128 Total revenue $ 1,229,526 $ 417,041 $ 1,043,282 $ 2,689,849 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 236,016 $ 236,016 Products/services transferred over time 1,229,526 417,041 339,233 1,985,800 Total $ 1,229,526 $ 417,041 $ 575,249 $ 2,221,816 Nine Months Ended September 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 $ 1,100,757 $ 386,552 $ 37,014 $ 1,524,323 $ — $ 1,524,323 Support services — — 353,320 353,320 — 353,320 Financing — — — — 260,758 260,758 Equipment sales — — 49,556 49,556 164,126 213,682 Supplies — — 118,117 118,117 — 118,117 Rentals — — — — 55,458 55,458 Subtotal 1,100,757 386,552 558,007 2,045,316 $ 480,342 $ 2,525,658 Revenue from leasing transactions and financing Financing — — 260,758 260,758 Equipment sales — — 164,126 164,126 Rentals — — 55,458 55,458 Total revenue $ 1,100,757 $ 386,552 $ 1,038,349 $ 2,525,658 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 210,726 $ 210,726 Products/services transferred over time 1,100,757 386,552 347,281 1,834,590 Total $ 1,100,757 $ 386,552 $ 558,007 $ 2,045,316 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 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 September 30, 2021 December 31, 2020 Increase/ (decrease) Advance billings, current Advance billings $ 96,851 $ 106,498 $ (9,647) Advance billings, noncurrent Other noncurrent liabilities $ 1,187 $ 1,277 $ (90) 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 $93 million of advance billings at the beginning of the period. Advance billings above at September 30, 2021 and December 31, 2020 excludes $7 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 $ 85,186 $ 247,772 $ 364,157 $ 697,115 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	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Global Ecommerce $ 398,011 $ 409,981 $ 1,229,526 $ 1,100,757 Presort Services 139,296 127,705 417,041 386,552 SendTech Solutions 338,142 354,212 1,043,282 1,038,349 Total revenue $ 875,449 $ 891,898 $ 2,689,849 $ 2,525,658 EBIT Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Global Ecommerce $ (20,950) $ (19,757) $ (58,157) $ (68,126) Presort Services 21,062 14,481 56,247 42,758 SendTech Solutions 98,950 112,599 320,541 323,429 Total segment EBIT 99,062 107,323 318,631 298,061 Reconciliation of Segment EBIT to net income (loss): Unallocated corporate expenses (49,176) (53,429) (162,957) (146,640) Restructuring charges (3,701) (3,766) (11,434) (12,505) Interest expense, net (36,022) (38,801) (109,185) (115,558) Gain on sale of assets — — 1,434 11,908 Goodwill impairment — — — (198,169) Loss on debt refinancing (3,193) — (55,576) (36,987) Gain on sale of business — — 10,201 — Transaction costs — — — (641) Benefit (provision) for income taxes 1,525 (554) 10,602 (7,540) Income (loss) from continuing operations 8,495 10,773 1,716 (208,071) Income (loss) from discontinued operations, net of tax 572 616 (4,334) 7,648 Net income (loss) $ 9,067 $ 11,389 $ (2,618) $ (200,423)

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued OperationsDiscontinued operations for the three and nine months ended September 30, 2021 and 2020 include working capital adjustments, tax-related adjustments and other adjustments in connection with the sale of our Software Solutions business in 2019 and Production Mail business in 2018. Discontinued operations for the nine months ended September 30, 2021 also includes a tax charge related to the sale of the Production Mail business and discontinued operations for the nine months ended September 30, 2020 also includes the gain on the sale of our software business in Australia, which closed in January 2020.

Earnings per Share (EPS)

Earnings per Share (EPS)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Earnings per Share (EPS)	Earnings per Share (EPS) Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Numerator: Income (loss) from continuing operations $ 8,495 $ 10,773 $ 1,716 $ (208,071) Income (loss) from discontinued operations, net of tax 572 616 (4,334) 7,648 Net income (loss) $ 9,067 $ 11,389 $ (2,618) $ (200,423) Denominator: Weighted-average shares used in basic EPS 174,399 171,828 173,691 171,388 Dilutive effect of common stock equivalents (1) 5,010 2,876 5,258 — Weighted-average shares used in diluted EPS 179,409 174,704 178,949 171,388 Basic earnings (loss) per share (2) : Continuing operations $ 0.05 $ 0.06 $ 0.01 $ (1.21) Discontinued operations — — (0.02) 0.04 Net income (loss) $ 0.05 $ 0.07 $ (0.02) $ (1.17) Diluted earnings (loss) per share (2) : Continuing operations $ 0.05 $ 0.06 $ 0.01 $ (1.21) Discontinued operations — — (0.02) 0.04 Net income (loss) $ 0.05 $ 0.07 $ (0.02) $ (1.17) Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive: 6,529 14,828 6,529 15,855 (1) Due to the net loss for the nine months ended September 30, 2020, common stock equivalents of 1,604 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	9 Months Ended
	Sep. 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: September 30, December 31, Raw materials $ 19,289 $ 16,570 Supplies and service parts 26,162 24,061 Finished products 29,680 30,849 Inventory at FIFO cost 75,131 71,480 Excess of FIFO cost over LIFO cost (5,635) (5,635) Total inventory, net $ 69,496 $ 65,845

Finance Assets and Lessor Opera

Finance Assets and Lessor Operating Leases	9 Months Ended
	Sep. 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: September 30, 2021 December 31, 2020 North America International Total North America International Total Sales-type lease receivables Gross finance receivables $ 960,290 $ 186,979 $ 1,147,269 $ 994,985 $ 211,944 $ 1,206,929 Unguaranteed residual values 37,827 11,101 48,928 36,405 12,140 48,545 Unearned income (251,451) (57,565) (309,016) (275,359) (61,686) (337,045) Allowance for credit losses (22,321) (3,977) (26,298) (22,917) (6,006) (28,923) Net investment in sales-type lease receivables 724,345 136,538 860,883 733,114 156,392 889,506 Loan receivables Loan receivables 259,653 22,410 282,063 268,690 22,092 290,782 Allowance for credit losses (3,373) (236) (3,609) (6,484) (462) (6,946) Net investment in loan receivables 256,280 22,174 278,454 262,206 21,630 283,836 Net investment in finance receivables $ 980,625 $ 158,712 $ 1,139,337 $ 995,320 $ 178,022 $ 1,173,342 Maturities of gross sales-type lease receivables and gross loan receivables at September 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 $ 104,087 $ 16,956 $ 121,043 $ 205,035 $ 22,410 $ 227,445 Year ending December 31, 2022 353,220 70,368 423,588 20,692 — 20,692 Year ending December 31, 2023 253,168 48,930 302,098 14,616 — 14,616 Year ending December 31, 2024 154,417 29,172 183,589 11,998 — 11,998 Year ending December 31, 2025 76,001 15,305 91,306 6,429 — 6,429 Thereafter 19,397 6,248 25,645 883 — 883 Total $ 960,290 $ 186,979 $ 1,147,269 $ 259,653 $ 22,410 $ 282,063 Aging of Receivables The aging of gross finance receivables was as follows: September 30, 2021 Sales-type Lease Receivables Loan Receivables North International North International Total Past due amounts 0 - 90 days $ 955,731 $ 184,616 $ 255,365 $ 22,311 $ 1,418,023 Past due amounts > 90 days 4,559 2,363 4,288 99 11,309 Total $ 960,290 $ 186,979 $ 259,653 $ 22,410 $ 1,429,332 Past due amounts > 90 days Still accruing interest $ 2,046 $ 872 $ — $ — $ 2,918 Not accruing interest 2,513 1,491 4,288 99 8,391 Total $ 4,559 $ 2,363 $ 4,288 $ 99 $ 11,309 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 1,959 (1,019) (979) 33 (6) Write-offs (4,816) (773) (4,748) (251) (10,588) Recoveries 2,256 (16) 2,615 3 4,858 Other 5 (221) 1 (11) (226) Balance at September 30, 2021 $ 22,321 $ 3,977 $ 3,373 $ 236 $ 29,907 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 10,009 1,314 6,792 429 18,544 Write-offs (5,950) (548) (7,370) (343) (14,211) Recoveries 1,488 91 2,399 1 3,979 Other 148 210 181 63 602 Balance at September 30, 2020 $ 25,886 $ 4,902 $ 6,792 $ 488 $ 38,068 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%. 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. Accordingly, the entire International portfolio is reported in the Not Scored category. 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. 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 September 30, 2021 and December 31, 2020. September 30, 2021 Sales Type Lease Receivables Loan Receivables Total 2021 2020 2019 2018 2017 Prior Low $ 211,706 $ 206,401 $ 174,389 $ 111,650 $ 44,059 $ 17,317 $ 194,859 $ 960,381 Medium 35,526 38,343 36,921 22,257 10,355 5,551 49,385 198,338 High 4,169 5,335 4,744 3,013 1,050 830 5,265 24,406 Not Scored 65,099 56,985 51,426 27,735 10,079 2,329 32,554 246,207 Total $ 316,500 $ 307,064 $ 267,480 $ 164,655 $ 65,543 $ 26,027 $ 282,063 $ 1,429,332 December 31, 2020 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 Lease Income Lease income from sales-type leases was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Profit recognized at commencement (1) $ 28,394 $ 29,169 $ 92,756 $ 80,348 Interest income 45,806 50,961 142,072 157,044 Total lease income from sales-type leases $ 74,200 $ 80,130 $ 234,828 $ 237,392 (1) Lease contracts do not include variable lease payments. The disclosure of total lease income from sales-type leases for the three and nine months ended September 30, 2020 has been revised from $63 million to $80 million and from $182 million to $237 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 $ 10,624 Year ending December 31, 2022 28,138 Year ending December 31, 2023 21,658 Year ending December 31, 2024 6,395 Year ending December 31, 2025 2,221 Thereafter 320 Total $ 69,356

Intangible Assets and Goodwill

Intangible Assets and Goodwill	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill Intangible Assets Intangible assets consisted of the following: September 30, 2021 December 31, 2020 Gross Accumulated Net Gross Accumulated Net Customer relationships $ 268,189 $ (134,871) $ 133,318 $ 268,199 $ (115,010) $ 153,189 Software & technology 19,000 (15,200) 3,800 19,000 (12,350) 6,650 Total intangible assets $ 287,189 $ (150,071) $ 137,118 $ 287,199 $ (127,360) $ 159,839 Amortization expense for both the three months ended September 30, 2021 and 2020 was $8 million. Amortization expense for the nine months ended September 30, 2021 and 2020 was $23 million and $26 million, respectively. Future amortization expense as of September 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 $ 7,573 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 $ 137,118 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 September 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 — (11,380) 508,651 Total goodwill $ 1,350,454 $ (198,169) $ 1,152,285 $ (16,200) $ (11,380) $ 1,124,705

Fair Value Measurements and Der

Fair Value Measurements and Derivative Instruments	9 Months Ended
	Sep. 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. September 30, 2021 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds $ 84,772 $ 250,877 $ — $ 335,649 Equity securities — 29,898 — 29,898 Commingled fixed income securities 1,704 19,277 — 20,981 Government and related securities 9,847 25,179 — 35,026 Corporate debt securities — 66,433 — 66,433 Mortgage-backed / asset-backed securities — 187,435 — 187,435 Derivatives Interest rate swap — 631 — 631 Foreign exchange contracts — 723 — 723 Total assets $ 96,323 $ 580,453 $ — $ 676,776 Liabilities: Derivatives Foreign exchange contracts $ — $ (2,853) $ — $ (2,853) Total liabilities $ — $ (2,853) $ — $ (2,853) 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 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 nine months ended September 30, 2021. Available-for-sale securities consisted of the following: September 30, 2021 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 36,282 $ 74 $ (1,330) $ 35,026 Corporate debt securities 68,720 313 (2,600) 66,433 Commingled fixed income securities 1,721 — (17) 1,704 Mortgage-backed / asset-backed securities 191,769 215 (4,549) 187,435 Total $ 298,492 $ 602 $ (8,496) $ 290,598 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: September 30, 2021 December 31, 2020 Fair Value Gross unrealized losses Fair Value Gross unrealized losses Less than 12 continuous months $ 181,105 $ 4,695 $ 132,267 $ 1,072 Greater than 12 continuous months 93,587 3,801 2,369 76 Total $ 274,692 $ 8,496 $ 134,636 $ 1,148 At September 30, 2021, 35% 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 September 30, 2021 were as follows: Amortized cost Estimated fair value Within 1 year $ 3,090 $ 3,082 After 1 year through 5 years 15,198 15,102 After 5 years through 10 years 73,743 71,325 After 10 years 206,461 201,089 Total $ 298,492 $ 290,598 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 At September 30, 2021, certain investments classified as available-for-sale are now classified as held-to-maturity as management determined that the intent is to now hold these securities until maturity. The reclassification of these securities did not have a material impact on our financial statements. Held-to-maturity securities at September 30, 2021 and December 31, 2020 totaled $19 million and $75 million, respectively, of short-term, highly liquid investments. 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 September 30, 2021 and December 31, 2020, we had outstanding contracts associated with these anticipated transactions with notional amounts of $2 million and $8 million, respectively. Amounts included in AOCL at September 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 September 30, December 31, Derivatives designated as Foreign exchange contracts Other current assets and prepayments $ 42 $ 96 Accounts payable and accrued liabilities (6) (112) Interest rate swaps Other assets (Other noncurrent liabilities) 631 (2,163) Derivatives not designated as Foreign exchange contracts Other current assets and prepayments 681 3,680 Accounts payable and accrued liabilities (2,847) (1,848) Total derivative assets $ 1,354 $ 3,776 Total derivative liabilities (2,853) (4,123) Total net derivative liability $ (1,499) $ (347) Results of cash flow hedging relationships were as follows: Three Months Ended September 30, Derivative Gain (Loss) Location of Gain (Loss) Gain (Loss) Reclassified Derivative Instrument 2021 2020 2021 2020 Foreign exchange contracts $ 41 $ (80) Revenue $ 45 $ (104) Cost of sales (21) (6) Interest rate swap 186 (1,303) Interest expense — — $ 227 $ (1,383) $ 24 $ (110) Nine Months Ended September 30, Derivative Gain (Loss) Location of Gain (Loss) Gain (Loss) Reclassified Derivative Instrument 2021 2020 2021 2020 Foreign exchange contracts $ 215 $ (361) Revenue $ 289 $ (107) Cost of sales (126) 36 Interest rate swap 2,794 (2,908) Interest expense — — $ 3,009 $ (3,269) $ 163 $ (71) 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 September 30, 2021 mature within 12 months. The mark-to-market adjustments of non-designated derivative instruments were as follows: Three Months Ended September 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2021 2020 Foreign exchange contracts Selling, general and administrative expense $ (5,592) $ 891 Nine Months Ended September 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2021 2020 Foreign exchange contracts Selling, general and administrative expense $ (4,524) $ (2,776) Fair Value of Financial Instruments Financial instruments not reported at fair value on a recurring basis include cash and cash equivalents, held-to-maturity investment securities, accounts receivable, loan receivables, accounts payable and debt. The carrying value for cash and cash equivalents, held-to-maturity investment securities, 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: September 30, 2021 December 31, 2020 Carrying value $ 2,338,884 $ 2,564,393 Fair value $ 2,396,064 $ 2,479,895

Restructuring Charges

Restructuring Charges	9 Months Ended
	Sep. 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 11,434 Cash payments (14,847) Noncash activity (541) Balance at September 30, 2021 $ 6,109 Balance at January 1, 2020 $ 12,006 Expenses, net 12,505 Cash payments (15,869) Noncash activity (2,649) Balance at September 30, 2020 $ 5,993

Debt

Debt	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Debt	Debt Total debt consisted of the following: Interest rate September 30, 2021 December 31, 2020 Notes due October 2021 4.875% $ — $ 152,588 Notes due May 2022 5.625% — 148,792 Notes due April 2023 6.20% 91,766 271,000 Notes due March 2024 4.625% 251,046 374,000 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% 375,250 380,000 Term loan due January 2025 LIBOR + 5.5% — 818,125 Term loan due March 2028 LIBOR + 4.0% 447,750 — Other debt 3,991 4,900 Principal amount 2,380,644 2,610,246 Less: unamortized costs, net 41,760 45,853 Total debt 2,338,884 2,564,393 Less: current portion long-term debt 24,733 216,032 Long-term debt $ 2,314,151 $ 2,348,361 In 2021, we issued a $400 million 6.875% unsecured note due March 2027, a $350 million 7.25% unsecured note due March 2029 and entered into a new seven-year $450 million secured term loan maturing March 2028. We redeemed all the outstanding October 2021 notes and an aggregate $363 million of the May 2022 notes, April 2023 notes and March 2024 notes under a tender offer, the remaining balance of the May 2022 notes and repaid the remaining balance of our January 2025 term loan. A $56 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 September 30, 2021, we were in compliance with all covenants and there were no outstanding borrowings under the revolving credit facility. We also 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 September 30, 2021, the interest rate of the 2028 Term Loan was 4.1% and the interest rate on the 2026 Term Loan was 1.8%.

Pensions and Other Benefit Prog

Pensions and Other Benefit Programs	9 Months Ended
	Sep. 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 September 30, September 30, September 30, 2021 2020 2021 2020 2021 2020 Service cost $ 64 $ 16 $ 346 $ 422 $ 232 $ 229 Interest cost 10,353 12,719 2,961 3,548 891 1,255 Expected return on plan assets (18,883) (20,932) (7,979) (8,297) — — Amortization of transition credit — — — (1) — — Amortization of prior service (credit) cost (15) (15) 67 62 32 93 Amortization of net actuarial loss 9,366 7,972 2,340 2,092 913 926 Settlement — 75 — 833 — — Net periodic benefit cost (income) $ 885 $ (165) $ (2,265) $ (1,341) $ 2,068 $ 2,503 Contributions to benefit plans $ 1,161 $ 2,061 $ 355 $ 445 $ 2,642 $ 2,422 Defined Benefit Pension Plans Nonpension Postretirement Benefit Plans United States Foreign Nine Months Ended Nine Months Ended Nine Months Ended September 30, September 30, September 30, 2021 2020 2021 2020 2021 2020 Service cost $ 195 $ 69 $ 1,055 $ 1,220 $ 682 $ 663 Interest cost 31,842 39,077 8,929 10,473 2,816 3,742 Expected return on plan assets (57,839) (63,539) (24,070) (24,474) — — Amortization of transition credit — — — (3) — — Amortization of prior service (credit) cost (45) (45) 202 182 97 280 Amortization of net actuarial loss 28,643 24,367 7,065 6,156 3,068 2,400 Settlement 314 1,076 — 4,023 — — Net periodic benefit cost (income) $ 3,110 $ 1,005 $ (6,819) $ (2,423) $ 6,663 $ 7,085 Contributions to benefit plans $ 4,020 $ 5,959 $ 9,379 $ 9,013 $ 9,542 $ 10,493

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate for the three and nine months ended September 30, 2021 was (21.9)% and 119.3%, respectively, and includes a net tax benefit of $3 million from the resolution of tax matters partially offset by a charge from the filing of state income tax returns. The effective tax rate for the nine months ended September 30, 2021 also includes benefits of $5 million due to tax legislation in the U.K., 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, a benefit 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 nine months ended September 30, 2020 was 4.9% and (3.8)%, respectively, and includes a $3 million benefit, which is primarily due to regulations enacted into law during the quarter. The effective tax rate for the nine months ended September 30, 2020 also includes a $12 million charge for the surrender of company owned life insurance policies, a benefit of $2 million on the $198 million goodwill impairment charge as the majority of this charge was nondeductible, a benefit of $1 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 10% of our unrecognized tax benefits.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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 September 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. As of September 30, 2021, we have entered into leases that have not commenced. These leases have terms ranging from seven

Stockholders_ Equity

Stockholders’ Equity	9 Months Ended
	Sep. 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 July 1, 2021 $ 323,338 $ 5,903 $ 5,172,185 $ (831,303) $ (4,616,753) $ 53,370 Net income — — 9,067 — — 9,067 Other comprehensive loss — — — (9,927) — (9,927) Dividends paid ($0.05 per common share) — — (8,725) — — (8,725) Issuance of common stock — (6,610) — — 8,318 1,708 Stock-based compensation expense — 3,170 — — — 3,170 Balance at September 30, 2021 $ 323,338 $ 2,463 $ 5,172,527 $ (841,230) $ (4,608,435) $ 48,663 Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at July 1, 2020 $ 323,338 $ 68,498 $ 5,188,119 $ (836,262) $ (4,699,113) $ 44,580 Net income — — 11,389 — — 11,389 Other comprehensive income — — — 22,690 — 22,690 Dividends paid ($0.05 per common share) — — (8,594) — — (8,594) Issuance of common stock — (9,272) — — 10,046 774 Stock-based compensation expense — 8,286 — — — 8,286 Balance at September 30, 2020 $ 323,338 $ 67,512 $ 5,190,914 $ (813,572) $ (4,689,067) $ 79,125 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 — — (2,618) — — (2,618) Other comprehensive loss — — — (2,099) — (2,099) Dividends paid ($0.15 per common share) — — (26,050) — — (26,050) Issuance of common stock — (81,487) — — 79,074 (2,413) Stock-based compensation expense — 15,448 — — — 15,448 Balance at September 30, 2021 $ 323,338 $ 2,463 $ 5,172,527 $ (841,230) $ (4,608,435) $ 48,663 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 — — (200,423) — — (200,423) Other comprehensive income — — — 26,571 — 26,571 Dividends paid ($0.15 per common share) — — (25,693) — — (25,693) Issuance of common stock — (46,472) — — 45,710 (762) Stock-based compensation expense — 15,236 — — — 15,236 Balance at September 30, 2020 $ 323,338 $ 67,512 $ 5,190,914 $ (813,572) $ (4,689,067) $ 79,125

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Cash flow hedges Revenue $ 45 $ (104) $ 289 $ (107) Cost of sales (21) (6) (126) 36 Interest expense, net (133) — (229) — Total before tax (109) (110) (66) (71) Income tax benefit (28) (27) (17) (18) Net of tax $ (81) $ (83) $ (49) $ (53) Available-for-sale securities Financing revenue $ (2) $ 6,490 $ (2) $ 10,060 Selling, general and administrative expense (183) 263 76 210 Total before tax (185) 6,753 74 10,270 Income tax (benefit) provision (45) 1,681 19 2,557 Net of tax $ (140) $ 5,072 $ 55 $ 7,713 Pension and postretirement benefit plans Transition credit $ — $ 1 $ — $ 3 Prior service costs (84) (140) (254) (417) Actuarial losses (12,619) (10,990) (38,776) (32,923) Settlement — (908) (314) (5,099) Total before tax (12,703) (12,037) (39,344) (38,436) Income tax benefit (3,097) (2,875) (9,608) (9,027) Net of tax $ (9,606) $ (9,162) $ (29,736) $ (29,409) Changes in AOCL, net of tax 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 3,425 (6,330) — (28,924) (31,829) Reclassifications into earnings 49 (55) 29,736 — 29,730 Net other comprehensive income (loss) 3,474 (6,385) 29,736 (28,924) (2,099) Balance at September 30, 2021 $ 2,063 $ (5,983) $ (821,327) $ (15,983) $ (841,230) 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 (2,455) 2,237 — 5,040 4,822 Reclassifications into earnings 53 (7,713) 29,409 — 21,749 Net other comprehensive (loss) income (2,402) (5,476) 29,409 5,040 26,571 Balance at September 30, 2020 $ (2,065) $ (2,627) $ (789,609) $ (19,271) $ (813,572)

Supplemental Financial Statemen

Supplemental Financial Statement Information	9 Months Ended
	Sep. 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 nine months ended September 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 September 30, 2021 $ 35,344 $ — $ 6,388 $ (11,677) $ 30,055 $ 11,807 $ 18,248 September 30, 2020 $ 17,830 $ 15,336 $ 16,856 $ (20,353) $ 29,669 $ 29,669 $ — Other expense (income) consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Loss on debt refinancing $ 3,193 $ — $ 55,576 $ 36,987 Insurance proceeds — (6,325) (3,000) (15,292) Gain on sale of assets — — (1,434) (11,908) Gain on sale of business — — (10,201) — Other expense (income) $ 3,193 $ (6,325) $ 40,941 $ 9,787 Supplemental cash flow information is as follows: Nine Months Ended September 30, 2021 2020 Cash interest paid $ 106,942 $ 115,143 Cash income tax payments, net of refunds $ 2,451 $ 19,861 Finance leased assets obtained in exchange for new lease obligations $ 25,882 $ 3,614

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
Subsequent Event	Subsequent EventIn November 2021, we entered into an agreement to sell our Shelton, Connecticut facility for approximately $50 million and simultaneously entered into a ten

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 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. The transition to new reference interest rates will require certain contracts to be modified and the ASU is intended to provide temporary optional expedients and exceptions to U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. The accommodations provided by the ASU are effective through December 31, 2022 and may be applied at the beginning of any interim period within that time frame. We have matched LIBOR-based debt with LIBOR based interest rate swaps and have elected to apply the practical expedient related to probability and the assessment of the effectiveness for future LIBOR-indexed cash flows, which assumes that the debt instrument will use the same index rate as its corresponding interest rate swap once a new reference rate is established to replace LIBOR. We may apply other expedients as additional reference rate changes occur. We continue to assess the impact of this standard on our consolidated financial statements.

Description of Business and B_3

Description of Business and Basis of Presentation (Tables)	9 Months Ended
	Sep. 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 September 30, 2020 has been revised and the impact on our previously issued interim Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2020 is as follows: Nine Months Ended September 30, 2020 (unaudited) As Previously Reported Adjustments Reclass As Revised and Reclassified Cash flows from operating activities Changes in finance receivables $ 85,593 $ 542 $ — $ 86,135 Net cash from operating activities: continuing operations $ 229,047 $ 542 $ — $ 229,589 Net cash from operating activities $ 190,624 $ 542 $ — $ 191,166 Cash flows from investing activities Purchases of investment securities $ (392,427) $ (198,877) $ — $ (591,304) Proceeds from sales/maturities of investment securities $ 241,924 $ 259,535 $ — $ 501,459 Net change in short-term and other investing activities $ 68,464 $ (68,464) $ — $ — Net investment in loan receivables $ — $ (542) $ (3,264) $ (3,806) Customer deposits at the Bank $ 19,464 $ (19,464) $ — $ — Other investing activities $ (1,511) $ 7,806 $ 3,264 $ 9,559 Net cash from investing activities: continuing operations $ (93,233) $ (20,006) $ — $ (113,239) Net cash from investing activities $ (95,735) $ (20,006) $ — $ (115,741) Cash flows from financing activities Customer deposits at the Bank $ — $ 19,464 $ — $ 19,464 Net cash from financing activities $ (217,372) $ 19,464 $ — $ (197,908)

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 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 September 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 $ 398,011 $ 139,296 $ 14,077 $ 551,384 $ — $ 551,384 Support services — — 113,413 113,413 — 113,413 Financing — — — — 71,936 71,936 Equipment sales — — 25,089 25,089 58,145 83,234 Supplies — — 38,211 38,211 — 38,211 Rentals — — — — 17,271 17,271 Subtotal 398,011 139,296 190,790 728,097 $ 147,352 $ 875,449 Revenue from leasing transactions and financing Financing — — 71,936 71,936 Equipment sales — — 58,145 58,145 Rentals — — 17,271 17,271 Total revenue $ 398,011 $ 139,296 $ 338,142 $ 875,449 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 81,205 $ 81,205 Products/services transferred over time 398,011 139,296 109,585 646,892 Total $ 398,011 $ 139,296 $ 190,790 $ 728,097 Three Months Ended September 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 $ 409,981 $ 127,705 $ 13,268 $ 550,954 $ — $ 550,954 Support services — — 117,519 117,519 — 117,519 Financing — — — — 86,218 86,218 Equipment sales — — 17,935 17,935 61,637 79,572 Supplies — — 39,635 39,635 — 39,635 Rentals — — — — 18,000 18,000 Subtotal 409,981 127,705 188,357 726,043 $ 165,855 $ 891,898 Revenue from leasing transactions and financing Financing — — 86,218 86,218 Equipment sales — — 61,637 61,637 Rentals — — 18,000 18,000 Total revenue $ 409,981 $ 127,705 $ 354,212 $ 891,898 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 73,602 $ 73,602 Products/services transferred over time 409,981 127,705 114,755 652,441 Total $ 409,981 $ 127,705 $ 188,357 $ 726,043 Nine Months Ended September 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 $ 1,229,526 $ 417,041 $ 42,293 $ 1,688,860 $ — $ 1,688,860 Support services — — 347,266 347,266 — 347,266 Financing — — — — 223,201 223,201 Equipment sales — — 66,600 66,600 189,704 256,304 Supplies — — 119,090 119,090 — 119,090 Rentals — — — — 55,128 55,128 Subtotal 1,229,526 417,041 575,249 2,221,816 $ 468,033 $ 2,689,849 Revenue from leasing transactions and financing Financing — — 223,201 223,201 Equipment sales — — 189,704 189,704 Rentals — — 55,128 55,128 Total revenue $ 1,229,526 $ 417,041 $ 1,043,282 $ 2,689,849 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 236,016 $ 236,016 Products/services transferred over time 1,229,526 417,041 339,233 1,985,800 Total $ 1,229,526 $ 417,041 $ 575,249 $ 2,221,816 Nine Months Ended September 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 $ 1,100,757 $ 386,552 $ 37,014 $ 1,524,323 $ — $ 1,524,323 Support services — — 353,320 353,320 — 353,320 Financing — — — — 260,758 260,758 Equipment sales — — 49,556 49,556 164,126 213,682 Supplies — — 118,117 118,117 — 118,117 Rentals — — — — 55,458 55,458 Subtotal 1,100,757 386,552 558,007 2,045,316 $ 480,342 $ 2,525,658 Revenue from leasing transactions and financing Financing — — 260,758 260,758 Equipment sales — — 164,126 164,126 Rentals — — 55,458 55,458 Total revenue $ 1,100,757 $ 386,552 $ 1,038,349 $ 2,525,658 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 210,726 $ 210,726 Products/services transferred over time 1,100,757 386,552 347,281 1,834,590 Total $ 1,100,757 $ 386,552 $ 558,007 $ 2,045,316
Contract Assets and Advance Billings	Advance Billings from Contracts with Customers Balance sheet location September 30, 2021 December 31, 2020 Increase/ (decrease) Advance billings, current Advance billings $ 96,851 $ 106,498 $ (9,647) Advance billings, noncurrent Other noncurrent liabilities $ 1,187 $ 1,277 $ (90)
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 $ 85,186 $ 247,772 $ 364,157 $ 697,115

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Global Ecommerce $ 398,011 $ 409,981 $ 1,229,526 $ 1,100,757 Presort Services 139,296 127,705 417,041 386,552 SendTech Solutions 338,142 354,212 1,043,282 1,038,349 Total revenue $ 875,449 $ 891,898 $ 2,689,849 $ 2,525,658
Reconciliation of EBIT from Segments to Consolidated	EBIT Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Global Ecommerce $ (20,950) $ (19,757) $ (58,157) $ (68,126) Presort Services 21,062 14,481 56,247 42,758 SendTech Solutions 98,950 112,599 320,541 323,429 Total segment EBIT 99,062 107,323 318,631 298,061 Reconciliation of Segment EBIT to net income (loss): Unallocated corporate expenses (49,176) (53,429) (162,957) (146,640) Restructuring charges (3,701) (3,766) (11,434) (12,505) Interest expense, net (36,022) (38,801) (109,185) (115,558) Gain on sale of assets — — 1,434 11,908 Goodwill impairment — — — (198,169) Loss on debt refinancing (3,193) — (55,576) (36,987) Gain on sale of business — — 10,201 — Transaction costs — — — (641) Benefit (provision) for income taxes 1,525 (554) 10,602 (7,540) Income (loss) from continuing operations 8,495 10,773 1,716 (208,071) Income (loss) from discontinued operations, net of tax 572 616 (4,334) 7,648 Net income (loss) $ 9,067 $ 11,389 $ (2,618) $ (200,423)

Earnings per Share (EPS) (Table

Earnings per Share (EPS) (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Schedule of Calculation of Numerator and Denominator in Earnings Per Share	Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Numerator: Income (loss) from continuing operations $ 8,495 $ 10,773 $ 1,716 $ (208,071) Income (loss) from discontinued operations, net of tax 572 616 (4,334) 7,648 Net income (loss) $ 9,067 $ 11,389 $ (2,618) $ (200,423) Denominator: Weighted-average shares used in basic EPS 174,399 171,828 173,691 171,388 Dilutive effect of common stock equivalents (1) 5,010 2,876 5,258 — Weighted-average shares used in diluted EPS 179,409 174,704 178,949 171,388 Basic earnings (loss) per share (2) : Continuing operations $ 0.05 $ 0.06 $ 0.01 $ (1.21) Discontinued operations — — (0.02) 0.04 Net income (loss) $ 0.05 $ 0.07 $ (0.02) $ (1.17) Diluted earnings (loss) per share (2) : Continuing operations $ 0.05 $ 0.06 $ 0.01 $ (1.21) Discontinued operations — — (0.02) 0.04 Net income (loss) $ 0.05 $ 0.07 $ (0.02) $ (1.17) Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive: 6,529 14,828 6,529 15,855 (1) Due to the net loss for the nine months ended September 30, 2020, common stock equivalents of 1,604 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)	9 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
Inventory Components	Inventories consisted of the following: September 30, December 31, Raw materials $ 19,289 $ 16,570 Supplies and service parts 26,162 24,061 Finished products 29,680 30,849 Inventory at FIFO cost 75,131 71,480 Excess of FIFO cost over LIFO cost (5,635) (5,635) Total inventory, net $ 69,496 $ 65,845

Finance Assets and Lessor Ope_2

Finance Assets and Lessor Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2021
Receivables [Abstract]
Financing Receivables	Finance receivables consisted of the following: September 30, 2021 December 31, 2020 North America International Total North America International Total Sales-type lease receivables Gross finance receivables $ 960,290 $ 186,979 $ 1,147,269 $ 994,985 $ 211,944 $ 1,206,929 Unguaranteed residual values 37,827 11,101 48,928 36,405 12,140 48,545 Unearned income (251,451) (57,565) (309,016) (275,359) (61,686) (337,045) Allowance for credit losses (22,321) (3,977) (26,298) (22,917) (6,006) (28,923) Net investment in sales-type lease receivables 724,345 136,538 860,883 733,114 156,392 889,506 Loan receivables Loan receivables 259,653 22,410 282,063 268,690 22,092 290,782 Allowance for credit losses (3,373) (236) (3,609) (6,484) (462) (6,946) Net investment in loan receivables 256,280 22,174 278,454 262,206 21,630 283,836 Net investment in finance receivables $ 980,625 $ 158,712 $ 1,139,337 $ 995,320 $ 178,022 $ 1,173,342
Sales-type Lease Maturity	Maturities of gross sales-type lease receivables and gross loan receivables at September 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 $ 104,087 $ 16,956 $ 121,043 $ 205,035 $ 22,410 $ 227,445 Year ending December 31, 2022 353,220 70,368 423,588 20,692 — 20,692 Year ending December 31, 2023 253,168 48,930 302,098 14,616 — 14,616 Year ending December 31, 2024 154,417 29,172 183,589 11,998 — 11,998 Year ending December 31, 2025 76,001 15,305 91,306 6,429 — 6,429 Thereafter 19,397 6,248 25,645 883 — 883 Total $ 960,290 $ 186,979 $ 1,147,269 $ 259,653 $ 22,410 $ 282,063
Loan Receivable Maturity	Maturities of gross sales-type lease receivables and gross loan receivables at September 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 $ 104,087 $ 16,956 $ 121,043 $ 205,035 $ 22,410 $ 227,445 Year ending December 31, 2022 353,220 70,368 423,588 20,692 — 20,692 Year ending December 31, 2023 253,168 48,930 302,098 14,616 — 14,616 Year ending December 31, 2024 154,417 29,172 183,589 11,998 — 11,998 Year ending December 31, 2025 76,001 15,305 91,306 6,429 — 6,429 Thereafter 19,397 6,248 25,645 883 — 883 Total $ 960,290 $ 186,979 $ 1,147,269 $ 259,653 $ 22,410 $ 282,063
Past Due Financing Receivables	The aging of gross finance receivables was as follows: September 30, 2021 Sales-type Lease Receivables Loan Receivables North International North International Total Past due amounts 0 - 90 days $ 955,731 $ 184,616 $ 255,365 $ 22,311 $ 1,418,023 Past due amounts > 90 days 4,559 2,363 4,288 99 11,309 Total $ 960,290 $ 186,979 $ 259,653 $ 22,410 $ 1,429,332 Past due amounts > 90 days Still accruing interest $ 2,046 $ 872 $ — $ — $ 2,918 Not accruing interest 2,513 1,491 4,288 99 8,391 Total $ 4,559 $ 2,363 $ 4,288 $ 99 $ 11,309 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 1,959 (1,019) (979) 33 (6) Write-offs (4,816) (773) (4,748) (251) (10,588) Recoveries 2,256 (16) 2,615 3 4,858 Other 5 (221) 1 (11) (226) Balance at September 30, 2021 $ 22,321 $ 3,977 $ 3,373 $ 236 $ 29,907 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 10,009 1,314 6,792 429 18,544 Write-offs (5,950) (548) (7,370) (343) (14,211) Recoveries 1,488 91 2,399 1 3,979 Other 148 210 181 63 602 Balance at September 30, 2020 $ 25,886 $ 4,902 $ 6,792 $ 488 $ 38,068
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 September 30, 2021 and December 31, 2020. September 30, 2021 Sales Type Lease Receivables Loan Receivables Total 2021 2020 2019 2018 2017 Prior Low $ 211,706 $ 206,401 $ 174,389 $ 111,650 $ 44,059 $ 17,317 $ 194,859 $ 960,381 Medium 35,526 38,343 36,921 22,257 10,355 5,551 49,385 198,338 High 4,169 5,335 4,744 3,013 1,050 830 5,265 24,406 Not Scored 65,099 56,985 51,426 27,735 10,079 2,329 32,554 246,207 Total $ 316,500 $ 307,064 $ 267,480 $ 164,655 $ 65,543 $ 26,027 $ 282,063 $ 1,429,332 December 31, 2020 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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Profit recognized at commencement (1) $ 28,394 $ 29,169 $ 92,756 $ 80,348 Interest income 45,806 50,961 142,072 157,044 Total lease income from sales-type leases $ 74,200 $ 80,130 $ 234,828 $ 237,392 (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 $ 10,624 Year ending December 31, 2022 28,138 Year ending December 31, 2023 21,658 Year ending December 31, 2024 6,395 Year ending December 31, 2025 2,221 Thereafter 320 Total $ 69,356

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible assets consisted of the following: September 30, 2021 December 31, 2020 Gross Accumulated Net Gross Accumulated Net Customer relationships $ 268,189 $ (134,871) $ 133,318 $ 268,199 $ (115,010) $ 153,189 Software & technology 19,000 (15,200) 3,800 19,000 (12,350) 6,650 Total intangible assets $ 287,189 $ (150,071) $ 137,118 $ 287,199 $ (127,360) $ 159,839
Amortization Expense In Future Periods	Future amortization expense as of September 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 $ 7,573 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 $ 137,118
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 September 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 — (11,380) 508,651 Total goodwill $ 1,350,454 $ (198,169) $ 1,152,285 $ (16,200) $ (11,380) $ 1,124,705

Fair Value Measurements and D_2

Fair Value Measurements and Derivative Instruments (Tables)	9 Months Ended
	Sep. 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. September 30, 2021 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds $ 84,772 $ 250,877 $ — $ 335,649 Equity securities — 29,898 — 29,898 Commingled fixed income securities 1,704 19,277 — 20,981 Government and related securities 9,847 25,179 — 35,026 Corporate debt securities — 66,433 — 66,433 Mortgage-backed / asset-backed securities — 187,435 — 187,435 Derivatives Interest rate swap — 631 — 631 Foreign exchange contracts — 723 — 723 Total assets $ 96,323 $ 580,453 $ — $ 676,776 Liabilities: Derivatives Foreign exchange contracts $ — $ (2,853) $ — $ (2,853) Total liabilities $ — $ (2,853) $ — $ (2,853) 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: September 30, 2021 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 36,282 $ 74 $ (1,330) $ 35,026 Corporate debt securities 68,720 313 (2,600) 66,433 Commingled fixed income securities 1,721 — (17) 1,704 Mortgage-backed / asset-backed securities 191,769 215 (4,549) 187,435 Total $ 298,492 $ 602 $ (8,496) $ 290,598 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: September 30, 2021 December 31, 2020 Fair Value Gross unrealized losses Fair Value Gross unrealized losses Less than 12 continuous months $ 181,105 $ 4,695 $ 132,267 $ 1,072 Greater than 12 continuous months 93,587 3,801 2,369 76 Total $ 274,692 $ 8,496 $ 134,636 $ 1,148
Available-for-sale Securities	Scheduled maturities of available-for-sale securities at September 30, 2021 were as follows: Amortized cost Estimated fair value Within 1 year $ 3,090 $ 3,082 After 1 year through 5 years 15,198 15,102 After 5 years through 10 years 73,743 71,325 After 10 years 206,461 201,089 Total $ 298,492 $ 290,598
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 September 30, December 31, Derivatives designated as Foreign exchange contracts Other current assets and prepayments $ 42 $ 96 Accounts payable and accrued liabilities (6) (112) Interest rate swaps Other assets (Other noncurrent liabilities) 631 (2,163) Derivatives not designated as Foreign exchange contracts Other current assets and prepayments 681 3,680 Accounts payable and accrued liabilities (2,847) (1,848) Total derivative assets $ 1,354 $ 3,776 Total derivative liabilities (2,853) (4,123) Total net derivative liability $ (1,499) $ (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 September 30, Derivative Gain (Loss) Location of Gain (Loss) Gain (Loss) Reclassified Derivative Instrument 2021 2020 2021 2020 Foreign exchange contracts $ 41 $ (80) Revenue $ 45 $ (104) Cost of sales (21) (6) Interest rate swap 186 (1,303) Interest expense — — $ 227 $ (1,383) $ 24 $ (110) Nine Months Ended September 30, Derivative Gain (Loss) Location of Gain (Loss) Gain (Loss) Reclassified Derivative Instrument 2021 2020 2021 2020 Foreign exchange contracts $ 215 $ (361) Revenue $ 289 $ (107) Cost of sales (126) 36 Interest rate swap 2,794 (2,908) Interest expense — — $ 3,009 $ (3,269) $ 163 $ (71)
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location	All outstanding contracts at September 30, 2021 mature within 12 months. The mark-to-market adjustments of non-designated derivative instruments were as follows: Three Months Ended September 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2021 2020 Foreign exchange contracts Selling, general and administrative expense $ (5,592) $ 891 Nine Months Ended September 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2021 2020 Foreign exchange contracts Selling, general and administrative expense $ (4,524) $ (2,776)
Fair Value, by Balance Sheet Grouping	The carrying value and estimated fair value of debt was as follows: September 30, 2021 December 31, 2020 Carrying value $ 2,338,884 $ 2,564,393 Fair value $ 2,396,064 $ 2,479,895

Restructuring Charges (Tables)

Restructuring Charges (Tables)	9 Months Ended
	Sep. 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 11,434 Cash payments (14,847) Noncash activity (541) Balance at September 30, 2021 $ 6,109 Balance at January 1, 2020 $ 12,006 Expenses, net 12,505 Cash payments (15,869) Noncash activity (2,649) Balance at September 30, 2020 $ 5,993

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt	Total debt consisted of the following: Interest rate September 30, 2021 December 31, 2020 Notes due October 2021 4.875% $ — $ 152,588 Notes due May 2022 5.625% — 148,792 Notes due April 2023 6.20% 91,766 271,000 Notes due March 2024 4.625% 251,046 374,000 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% 375,250 380,000 Term loan due January 2025 LIBOR + 5.5% — 818,125 Term loan due March 2028 LIBOR + 4.0% 447,750 — Other debt 3,991 4,900 Principal amount 2,380,644 2,610,246 Less: unamortized costs, net 41,760 45,853 Total debt 2,338,884 2,564,393 Less: current portion long-term debt 24,733 216,032 Long-term debt $ 2,314,151 $ 2,348,361

Pensions and Other Benefit Pr_2

Pensions and Other Benefit Programs (Tables)	9 Months Ended
	Sep. 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 September 30, September 30, September 30, 2021 2020 2021 2020 2021 2020 Service cost $ 64 $ 16 $ 346 $ 422 $ 232 $ 229 Interest cost 10,353 12,719 2,961 3,548 891 1,255 Expected return on plan assets (18,883) (20,932) (7,979) (8,297) — — Amortization of transition credit — — — (1) — — Amortization of prior service (credit) cost (15) (15) 67 62 32 93 Amortization of net actuarial loss 9,366 7,972 2,340 2,092 913 926 Settlement — 75 — 833 — — Net periodic benefit cost (income) $ 885 $ (165) $ (2,265) $ (1,341) $ 2,068 $ 2,503 Contributions to benefit plans $ 1,161 $ 2,061 $ 355 $ 445 $ 2,642 $ 2,422 Defined Benefit Pension Plans Nonpension Postretirement Benefit Plans United States Foreign Nine Months Ended Nine Months Ended Nine Months Ended September 30, September 30, September 30, 2021 2020 2021 2020 2021 2020 Service cost $ 195 $ 69 $ 1,055 $ 1,220 $ 682 $ 663 Interest cost 31,842 39,077 8,929 10,473 2,816 3,742 Expected return on plan assets (57,839) (63,539) (24,070) (24,474) — — Amortization of transition credit — — — (3) — — Amortization of prior service (credit) cost (45) (45) 202 182 97 280 Amortization of net actuarial loss 28,643 24,367 7,065 6,156 3,068 2,400 Settlement 314 1,076 — 4,023 — — Net periodic benefit cost (income) $ 3,110 $ 1,005 $ (6,819) $ (2,423) $ 6,663 $ 7,085 Contributions to benefit plans $ 4,020 $ 5,959 $ 9,379 $ 9,013 $ 9,542 $ 10,493

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	9 Months Ended
	Sep. 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 July 1, 2021 $ 323,338 $ 5,903 $ 5,172,185 $ (831,303) $ (4,616,753) $ 53,370 Net income — — 9,067 — — 9,067 Other comprehensive loss — — — (9,927) — (9,927) Dividends paid ($0.05 per common share) — — (8,725) — — (8,725) Issuance of common stock — (6,610) — — 8,318 1,708 Stock-based compensation expense — 3,170 — — — 3,170 Balance at September 30, 2021 $ 323,338 $ 2,463 $ 5,172,527 $ (841,230) $ (4,608,435) $ 48,663 Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at July 1, 2020 $ 323,338 $ 68,498 $ 5,188,119 $ (836,262) $ (4,699,113) $ 44,580 Net income — — 11,389 — — 11,389 Other comprehensive income — — — 22,690 — 22,690 Dividends paid ($0.05 per common share) — — (8,594) — — (8,594) Issuance of common stock — (9,272) — — 10,046 774 Stock-based compensation expense — 8,286 — — — 8,286 Balance at September 30, 2020 $ 323,338 $ 67,512 $ 5,190,914 $ (813,572) $ (4,689,067) $ 79,125 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 — — (2,618) — — (2,618) Other comprehensive loss — — — (2,099) — (2,099) Dividends paid ($0.15 per common share) — — (26,050) — — (26,050) Issuance of common stock — (81,487) — — 79,074 (2,413) Stock-based compensation expense — 15,448 — — — 15,448 Balance at September 30, 2021 $ 323,338 $ 2,463 $ 5,172,527 $ (841,230) $ (4,608,435) $ 48,663 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 — — (200,423) — — (200,423) Other comprehensive income — — — 26,571 — 26,571 Dividends paid ($0.15 per common share) — — (25,693) — — (25,693) Issuance of common stock — (46,472) — — 45,710 (762) Stock-based compensation expense — 15,236 — — — 15,236 Balance at September 30, 2020 $ 323,338 $ 67,512 $ 5,190,914 $ (813,572) $ (4,689,067) $ 79,125

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Cash flow hedges Revenue $ 45 $ (104) $ 289 $ (107) Cost of sales (21) (6) (126) 36 Interest expense, net (133) — (229) — Total before tax (109) (110) (66) (71) Income tax benefit (28) (27) (17) (18) Net of tax $ (81) $ (83) $ (49) $ (53) Available-for-sale securities Financing revenue $ (2) $ 6,490 $ (2) $ 10,060 Selling, general and administrative expense (183) 263 76 210 Total before tax (185) 6,753 74 10,270 Income tax (benefit) provision (45) 1,681 19 2,557 Net of tax $ (140) $ 5,072 $ 55 $ 7,713 Pension and postretirement benefit plans Transition credit $ — $ 1 $ — $ 3 Prior service costs (84) (140) (254) (417) Actuarial losses (12,619) (10,990) (38,776) (32,923) Settlement — (908) (314) (5,099) Total before tax (12,703) (12,037) (39,344) (38,436) Income tax benefit (3,097) (2,875) (9,608) (9,027) Net of tax $ (9,606) $ (9,162) $ (29,736) $ (29,409)
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in AOCL, net of tax 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 3,425 (6,330) — (28,924) (31,829) Reclassifications into earnings 49 (55) 29,736 — 29,730 Net other comprehensive income (loss) 3,474 (6,385) 29,736 (28,924) (2,099) Balance at September 30, 2021 $ 2,063 $ (5,983) $ (821,327) $ (15,983) $ (841,230) 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 (2,455) 2,237 — 5,040 4,822 Reclassifications into earnings 53 (7,713) 29,409 — 21,749 Net other comprehensive (loss) income (2,402) (5,476) 29,409 5,040 26,571 Balance at September 30, 2020 $ (2,065) $ (2,627) $ (789,609) $ (19,271) $ (813,572)

Supplemental Financial Statem_2

Supplemental Financial Statement Information (Tables)	9 Months Ended
	Sep. 30, 2021
Other Income and Expenses [Abstract]
Accounting Standards Update	Activity in the allowance for credit losses on accounts receivables for the nine months ended September 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 September 30, 2021 $ 35,344 $ — $ 6,388 $ (11,677) $ 30,055 $ 11,807 $ 18,248 September 30, 2020 $ 17,830 $ 15,336 $ 16,856 $ (20,353) $ 29,669 $ 29,669 $ —
Schedule of Other (Income) Expense	Other expense (income) consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Loss on debt refinancing $ 3,193 $ — $ 55,576 $ 36,987 Insurance proceeds — (6,325) (3,000) (15,292) Gain on sale of assets — — (1,434) (11,908) Gain on sale of business — — (10,201) — Other expense (income) $ 3,193 $ (6,325) $ 40,941 $ 9,787
Schedule of Cash Flow Supplemental Information	Supplemental cash flow information is as follows: Nine Months Ended September 30, 2021 2020 Cash interest paid $ 106,942 $ 115,143 Cash income tax payments, net of refunds $ 2,451 $ 19,861 Finance leased assets obtained in exchange for new lease obligations $ 25,882 $ 3,614

Description of Business and B_4

Description of Business and Basis of Presentation (Error Correction) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Percent of Fortune 500 Companies Serviced	90.00%
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Changes in finance receivables	$ 31,893	$ 86,135
Net cash from operating activities: continuing operations	216,174	229,589
Net cash from operating activities	216,174	191,166
Purchases of investment securities	(70,896)	(591,304)
Proceeds from sales/maturities of investment securities	78,941	501,459
Net change in short-term and other investing activities	(6,627)	(3,806)
Net investment in loan receivables		(3,806)
Other investing activities	0	9,559
Net cash from investing activities: continuing operations	(110,076)	(113,239)
Net cash from investing activities	(111,686)	(115,741)
Customer deposits at the Bank		19,464
Net cash from financing activities	$ (291,849)	(197,908)
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Changes in finance receivables		85,593
Net cash from operating activities: continuing operations		229,047
Net cash from operating activities		190,624
Purchases of investment securities		(392,427)
Proceeds from sales/maturities of investment securities		241,924
Net change in short-term and other investing activities		68,464
Customer deposits at the Bank		19,464
Other investing activities		(1,511)
Net cash from investing activities: continuing operations		(93,233)
Net cash from investing activities		(95,735)
Net cash from financing activities		(217,372)
Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Changes in finance receivables		542
Net cash from operating activities: continuing operations		542
Net cash from operating activities		542
Purchases of investment securities		(198,877)
Proceeds from sales/maturities of investment securities		259,535
Net change in short-term and other investing activities		(68,464)
Net investment in loan receivables		(542)
Customer deposits at the Bank		(19,464)
Other investing activities		7,806
Net cash from investing activities: continuing operations		(20,006)
Net cash from investing activities		(20,006)
Customer deposits at the Bank		19,464
Net cash from financing activities		19,464
Reclass
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net investment in loan receivables		(3,264)
Customer deposits at the Bank		0
Other investing activities		$ 3,264

Revenue (Disaggregates of Reven

Revenue (Disaggregates of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	$ 875,449	$ 891,898	$ 2,689,849	$ 2,525,658
Total consolidated revenue	875,449	891,898	2,689,849	2,525,658
ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	728,097	726,043	2,221,816	2,045,316
Products/services transferred at a point in time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	81,205	73,602	236,016	210,726
Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	646,892	652,441	1,985,800	1,834,590
Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	728,097	726,043	2,221,816	2,045,316
Revenue from leasing transactions and financing	147,352	165,855	468,033	480,342
Total consolidated revenue	875,449	891,898	2,689,849	2,525,658
Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	551,384	550,954	1,688,860	1,524,323
Revenue from leasing transactions and financing	0	0	0	0
Total consolidated revenue	551,384	550,954	1,688,860	1,524,323
Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	113,413	117,519	347,266	353,320
Revenue from leasing transactions and financing	0	0	0	0
Total consolidated revenue	113,413	117,519	347,266	353,320
Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	71,936	86,218	223,201	260,758
Total consolidated revenue	71,936	86,218	223,201	260,758
Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	25,089	17,935	66,600	49,556
Revenue from leasing transactions and financing	58,145	61,637	189,704	164,126
Total consolidated revenue	83,234	79,572	256,304	213,682
Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	38,211	39,635	119,090	118,117
Revenue from leasing transactions and financing	0	0	0	0
Total consolidated revenue	38,211	39,635	119,090	118,117
Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	17,271	18,000	55,128	55,458
Total consolidated revenue	17,271	18,000	55,128	55,458
Global Ecommerce
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	398,011	409,981	1,229,526	1,100,757
Global Ecommerce | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	398,011	409,981	1,229,526	1,100,757
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	398,011	409,981	1,229,526	1,100,757
Global Ecommerce | Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	398,011	409,981	1,229,526	1,100,757
Global Ecommerce | Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	398,011	409,981	1,229,526	1,100,757
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	139,296	127,705	417,041	386,552
Presort Services | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	139,296	127,705	417,041	386,552
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	139,296	127,705	417,041	386,552
Presort Services | Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	139,296	127,705	417,041	386,552
Presort Services | Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	139,296	127,705	417,041	386,552
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	338,142	354,212	1,043,282	1,038,349
SendTech Solutions | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	190,790	188,357	575,249	558,007
SendTech Solutions | Products/services transferred at a point in time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	81,205	73,602	236,016	210,726
SendTech Solutions | Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	109,585	114,755	339,233	347,281
SendTech Solutions | Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	190,790	188,357	575,249	558,007
SendTech Solutions | Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	14,077	13,268	42,293	37,014
SendTech Solutions | Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	113,413	117,519	347,266	353,320
SendTech Solutions | Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	71,936	86,218	223,201	260,758
SendTech Solutions | Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	25,089	17,935	66,600	49,556
Revenue from leasing transactions and financing	58,145	61,637	189,704	164,126
SendTech Solutions | Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	38,211	39,635	119,090	118,117
SendTech Solutions | Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	$ 17,271	$ 18,000	$ 55,128	$ 55,458

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Advanced billings, revenue recognized	$ 93
Lease transactions	$ 7	$ 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
Support services | Minimum
Disaggregation of Revenue [Line Items]
Period of recognition	1 year
Support 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	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Advance billings, current	$ 96,851	$ 106,498
Advance billings, noncurrent	1,187	$ 1,277
Increase/ (decrease)
Advance billings, current	(9,647)
Advance billings, noncurrent	$ (90)

Revenue (Future Performance Obl

Revenue (Future Performance Obligations) (Details) $ in Thousands	Sep. 30, 2021USD ($)
Revenue from Contract with Customer [Abstract]
Future performance obligations	$ 697,115
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-10-01
Revenue from Contract with Customer [Abstract]
Future performance obligations	$ 85,186
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue from Contract with Customer [Abstract]
Future performance obligations	$ 247,772
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	$ 364,157
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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment reporting information profit (loss)
Revenue	$ 875,449	$ 891,898	$ 2,689,849	$ 2,525,658
Reconciliation of Segment EBIT to net income (loss):
Restructuring charges			(11,434)	(12,505)
Interest expense, net	(24,312)	(27,175)	(73,816)	(79,504)
Gain on sale of assets			1,434	21,969
Goodwill impairment	0	0	0	(198,169)
Loss on debt refinancing	(3,193)	0	(55,576)	(36,987)
Gain on sale of business	0	0	10,201	0
Benefit (provision) for income taxes	1,525	(554)	10,602	(7,540)
Income (loss) from continuing operations	8,495	10,773	1,716	(208,071)
Income (loss) from discontinued operations, net of tax	572	616	(4,334)	7,648
Net income (loss)	9,067	11,389	(2,618)	(200,423)
Operating Segments
Segment reporting information profit (loss)
EBIT	99,062	107,323	318,631	298,061
Segment Reconciling Items
Reconciliation of Segment EBIT to net income (loss):
Unallocated corporate expenses	(49,176)	(53,429)	(162,957)	(146,640)
Restructuring charges	(3,701)	(3,766)	(11,434)	(12,505)
Interest expense, net	(36,022)	(38,801)	(109,185)	(115,558)
Gain on sale of assets	0	0	1,434	11,908
Goodwill impairment	0	0	0	(198,169)
Loss on debt refinancing	(3,193)	0	(55,576)	(36,987)
Gain on sale of business	0	0	10,201	0
Transaction costs	0	0	0	(641)
Benefit (provision) for income taxes	1,525	(554)	10,602	(7,540)
Digital Commerce Solutions | Global Ecommerce
Segment reporting information profit (loss)
Revenue from contracts with customers	398,011	409,981	1,229,526	1,100,757
EBIT	(20,950)	(19,757)	(58,157)	(68,126)
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	139,296	127,705	417,041	386,552
EBIT	21,062	14,481	56,247	42,758
Reconciliation of Segment EBIT to net income (loss):
Goodwill impairment				0
SendTech Solutions
Segment reporting information profit (loss)
Revenue from contracts with customers	338,142	354,212	1,043,282	1,038,349
Reconciliation of Segment EBIT to net income (loss):
Goodwill impairment				0
SendTech Solutions | Operating Segments
Segment reporting information profit (loss)
EBIT	$ 98,950	$ 112,599	$ 320,541	$ 323,429

Earnings per Share (EPS) (Detai

Earnings per Share (EPS) (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Numerator:
Income (loss) from continuing operations		$ 8,495	$ 10,773	$ 1,716	$ (208,071)
Income (loss) from discontinued operations, net of tax		572	616	(4,334)	7,648
Net income (loss)		$ 9,067	$ 11,389	$ (2,618)	$ (200,423)
Denominator:
Weighted-average shares used in basic EPS (in shares)		174,399,000	171,828,000	173,691,000	171,388,000
Dilutive effect of common stock equivalents (in shares)		5,010,000	2,876,000	5,258,000	0
Weighted-average shares used in diluted EPS (in shares)		179,409,000	174,704,000	178,949,000	171,388,000
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	$ 0.05	$ 0.06	$ 0.01	$ (1.21)
Discontinued operations (in dollars per share)	[1]	0	0	(0.02)	0.04
Net (loss) income (in dollars per share)	[1]	0.05	0.07	(0.02)	(1.17)
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	0.05	0.06	0.01	(1.21)
Discontinued operations (in dollars per share)	[1]	0	0	(0.02)	0.04
Net (loss) income (in dollars per share)	[1]	$ 0.05	$ 0.07	$ (0.02)	$ (1.17)
Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive (in shares)		6,529,000	14,828,000	6,529,000	15,855,000
Dilutive effect of common stock equivalents					1,604,000
[1]	The sum of the earnings per share amounts may not equal the totals due to rounding.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 19,289	$ 16,570
Supplies and service parts	26,162	24,061
Finished products	29,680	30,849
Inventory at FIFO cost	75,131	71,480
Excess of FIFO cost over LIFO cost	(5,635)	(5,635)
Total inventory, net	$ 69,496	$ 65,845

Finance Assets and Lessor Ope_3

Finance Assets and Lessor Operating Leases (Finance Receivables) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	$ (29,907)	$ (35,869)	$ (38,068)	$ (19,651)
Net investment in receivables	1,139,337	1,173,342
North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net investment in receivables	980,625	995,320
International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net investment in receivables	158,712	178,022
Sales-type lease receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	1,147,269	1,206,929
Unguaranteed residual values	48,928	48,545
Unearned income	(309,016)	(337,045)
Allowance for credit losses	(26,298)	(28,923)
Net investment in receivables	860,883	889,506
Sales-type lease receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	960,290	994,985
Unguaranteed residual values	37,827	36,405
Unearned income	(251,451)	(275,359)
Allowance for credit losses	(22,321)	(22,917)	(25,886)	(10,920)
Net investment in receivables	724,345	733,114
Sales-type lease receivables | International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	186,979	211,944
Unguaranteed residual values	11,101	12,140
Unearned income	(57,565)	(61,686)
Allowance for credit losses	(3,977)	(6,006)	(4,902)	(2,085)
Net investment in receivables	136,538	156,392
Loan receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	282,063	290,782
Allowance for credit losses	(3,609)	(6,946)
Net investment in receivables	278,454	283,836
Loan receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	259,653	268,690
Allowance for credit losses	(3,373)	(6,484)	(6,792)	(5,906)
Net investment in receivables	256,280	262,206
Loan receivables | International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	22,410	22,092
Allowance for credit losses	(236)	(462)	$ (488)	$ (740)
Net investment in receivables	$ 22,174	$ 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	Sep. 30, 2021USD ($)
Sales-type Lease Receivables
Remaining for year ending December 31, 2021	$ 121,043
Year ending December 31, 2022	423,588
Year ending December 31, 2023	302,098
Year ending December 31, 2024	183,589
Year ending December 31, 2025	91,306
Thereafter	25,645
Total	1,147,269
Loan Receivables
Remaining for year ending December 31, 2021	227,445
Year ending December 31, 2022	20,692
Year ending December 31, 2023	14,616
Year ending December 31, 2024	11,998
Year ending December 31, 2025	6,429
Thereafter	883
Total	282,063
North America
Sales-type Lease Receivables
Remaining for year ending December 31, 2021	104,087
Year ending December 31, 2022	353,220
Year ending December 31, 2023	253,168
Year ending December 31, 2024	154,417
Year ending December 31, 2025	76,001
Thereafter	19,397
Total	960,290
Loan Receivables
Remaining for year ending December 31, 2021	205,035
Year ending December 31, 2022	20,692
Year ending December 31, 2023	14,616
Year ending December 31, 2024	11,998
Year ending December 31, 2025	6,429
Thereafter	883
Total	259,653
International
Sales-type Lease Receivables
Remaining for year ending December 31, 2021	16,956
Year ending December 31, 2022	70,368
Year ending December 31, 2023	48,930
Year ending December 31, 2024	29,172
Year ending December 31, 2025	15,305
Thereafter	6,248
Total	186,979
Loan Receivables
Remaining for year ending December 31, 2021	22,410
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	$ 22,410

Finance Assets and Lessor Ope_5

Finance Assets and Lessor Operating Leases (Aging of Receivables) (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Total	$ 1,429,332	$ 1,497,711
Still accruing interest	2,918	7,447
Not accruing interest	8,391	22,614
Total	11,309	30,061
1 - 90 days
Financing Receivable, Past Due [Line Items]
Total	1,418,023	1,467,650
Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	11,309	30,061
Sales-type lease receivables | North America
Financing Receivable, Past Due [Line Items]
Total	960,290	994,985
Still accruing interest	2,046	5,128
Not accruing interest	2,513	17,591
Total	4,559	22,719
Sales-type lease receivables | North America | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Total	955,731	972,266
Sales-type lease receivables | North America | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	4,559	22,719
Sales-type lease receivables | International
Financing Receivable, Past Due [Line Items]
Total	186,979	211,944
Still accruing interest	872	463
Not accruing interest	1,491	2,513
Total	2,363	2,976
Sales-type lease receivables | International | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Total	184,616	208,968
Sales-type lease receivables | International | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	2,363	2,976
Loan receivables
Financing Receivable, Past Due [Line Items]
Total	282,063	290,782
Loan receivables | North America
Financing Receivable, Past Due [Line Items]
Total	259,653	268,690
Still accruing interest	0	1,797
Not accruing interest	4,288	2,409
Total	4,288	4,206
Loan receivables | North America | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Total	255,365	264,484
Loan receivables | North America | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	4,288	4,206
Loan receivables | International
Financing Receivable, Past Due [Line Items]
Total	22,410	22,092
Still accruing interest	0	59
Not accruing interest	99	101
Total	99	160
Loan receivables | International | 1 - 90 days
Financing Receivable, Past Due [Line Items]
Total	22,311	21,932
Loan receivables | International | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	$ 99	$ 160

Finance Assets and Lessor Ope_6

Finance Assets and Lessor Operating Leases (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 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	(6)	18,544
Write-offs	(10,588)	(14,211)
Recoveries	4,858	3,979
Other	(226)	602
Ending Balance	$ 29,907	38,068
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	26,298
Sales-type lease receivables | North America
Allowance for Credit Losses
Beginning Balance	22,917	10,920
Amounts charged to expense	1,959	10,009
Write-offs	(4,816)	(5,950)
Recoveries	2,256	1,488
Other	5	148
Ending Balance	22,321	25,886
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	(1,019)	1,314
Write-offs	(773)	(548)
Recoveries	(16)	91
Other	(221)	210
Ending Balance	$ 3,977	4,902
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	3,609
Loan receivables | North America
Allowance for Credit Losses
Beginning Balance	6,484	5,906
Amounts charged to expense	(979)	6,792
Write-offs	(4,748)	(7,370)
Recoveries	2,615	2,399
Other	1	181
Ending Balance	3,373	6,792
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	33	429
Write-offs	(251)	(343)
Recoveries	3	1
Other	(11)	63
Ending Balance	$ 236	488
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	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,429,332	$ 1,497,711
Low
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	5.00%
Total	$ 960,381	973,245
Medium
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 198,338	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	$ 24,406	23,046
Not Scored
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 246,207	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	$ 316,500	394,394
2020	307,064	361,048
2019	267,480	254,898
2018	164,655	134,999
2017	65,543	45,852
Prior	26,027	15,738
Sales-type lease receivables | Low
Financing Receivable, Credit Quality Indicator [Line Items]
2021	211,706	256,573
2020	206,401	228,344
2019	174,389	165,244
2018	111,650	87,346
2017	44,059	30,518
Prior	17,317	12,249
Sales-type lease receivables | Medium
Financing Receivable, Credit Quality Indicator [Line Items]
2021	35,526	50,785
2020	38,343	49,946
2019	36,921	37,168
2018	22,257	21,388
2017	10,355	6,470
Prior	5,551	2,375
Sales-type lease receivables | High
Financing Receivable, Credit Quality Indicator [Line Items]
2021	4,169	6,182
2020	5,335	5,396
2019	4,744	3,782
2018	3,013	1,974
2017	1,050	1,051
Prior	830	143
Sales-type lease receivables | Not Scored
Financing Receivable, Credit Quality Indicator [Line Items]
2021	65,099	80,854
2020	56,985	77,362
2019	51,426	48,704
2018	27,735	24,291
2017	10,079	7,813
Prior	2,329	971
Sales-type lease receivables | International
Financing Receivable, Credit Quality Indicator [Line Items]
Total	186,979	211,944
Loan receivables
Financing Receivable, Credit Quality Indicator [Line Items]
Total	282,063	290,782
Loan receivables | Low
Financing Receivable, Credit Quality Indicator [Line Items]
Total	194,859	192,971
Loan receivables | Medium
Financing Receivable, Credit Quality Indicator [Line Items]
Total	49,385	61,625
Loan receivables | High
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,265	4,518
Loan receivables | Not Scored
Financing Receivable, Credit Quality Indicator [Line Items]
Total	32,554	31,668
Loan receivables | International
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 22,410	$ 22,092

Finance Assets and Lessor Ope_8

Finance Assets and Lessor Operating Leases (Lease Income) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Lessor, Lease, Description [Line Items]
Profit recognized at commencement	$ 28,394	$ 29,169	$ 92,756	$ 80,348
Interest income	45,806	50,961	142,072	157,044
Total lease income from sales-type leases	$ 74,200	80,130	$ 234,828	237,392
As Previously Reported
Lessor, Lease, Description [Line Items]
Total lease income from sales-type leases		$ 63,000		$ 182,000

Finance Assets and Lessor Ope_9

Finance Assets and Lessor Operating Leases (Operating Leases) (Details) $ in Thousands	Sep. 30, 2021USD ($)
Lessor, Lease, Description [Line Items]
Remaining for year ending December 31, 2021	$ 10,624
Year ending December 31, 2022	28,138
Year ending December 31, 2023	21,658
Year ending December 31, 2024	6,395
Year ending December 31, 2025	2,221
Thereafter	320
Total	$ 69,356
Mailing Equipment | Minimum
Lessor, Lease, Description [Line Items]
Term	1 year
Mailing Equipment | Maximum
Lessor, Lease, Description [Line Items]
Term	5 years

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill (Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Finite lived intangible assets
Gross Carrying Amount		$ 287,189		$ 287,199
Accumulated Amortization		(150,071)		(127,360)
Net Carrying Amount		137,118		159,839
Amortization expense	$ 8,000	23,000	$ 26,000
Customer relationships
Finite lived intangible assets
Gross Carrying Amount		268,189		268,199
Accumulated Amortization		(134,871)		(115,010)
Net Carrying Amount		133,318		153,189
Software & technology
Finite lived intangible assets
Gross Carrying Amount		19,000		19,000
Accumulated Amortization		(15,200)		(12,350)
Net Carrying Amount		$ 3,800		$ 6,650

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill (Future Amortization Expense) (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Finite lived intangible assets future amortization expense
Remaining for year ending December 31, 2021	$ 7,573
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	$ 137,118	$ 159,839

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill (Goodwill) (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 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				(11,380)
Ending balance	1,124,705			1,124,705
Gain on sale of business	0		$ 0	10,201	0
Goodwill	1,124,705			1,124,705
Tacit
Goodwill
Beginning balance	16,000
Ending balance		$ 16,000
Net proceeds		28,000
Pre-tax gain		10,000
Gain on sale of business		4,000
Goodwill		$ 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				(11,380)
Ending balance	508,651			508,651
Goodwill	$ 508,651			$ 508,651

Fair Value Measurements and D_3

Fair Value Measurements and Derivative Instruments (Assets and Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	$ 290,598	$ 325,794
Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	335,649	508,019
Equity securities	29,898	26,583
Mortgage-backed / asset-backed securities	187,435	220,678
Total assets	676,776	885,413
Liabilities	(2,853)	(4,123)
Level 1 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	84,772	73,228
Equity securities	0	0
Mortgage-backed / asset-backed securities	0	0
Total assets	96,323	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	250,877	434,791
Equity securities	29,898	26,583
Mortgage-backed / asset-backed securities	187,435	220,678
Total assets	580,453	793,687
Liabilities	(2,853)	(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	631
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	631
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	723	3,776
Derivative liabilities	(2,853)	(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	723	3,776
Derivative liabilities	(2,853)	(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	1,704	1,722
Commingled fixed income securities | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	20,981	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	1,704	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	19,277	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	35,026	31,961
Government and related securities | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	35,026	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	9,847	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	25,179	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	66,433	71,433
Corporate debt securities | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	66,433	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	66,433	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	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	$ 298,492	$ 325,421
Gross unrealized gains	602	1,521
Gross unrealized losses	(8,496)	(1,148)
Estimated fair value	290,598	325,794
Government and related securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	36,282	31,882
Gross unrealized gains	74	157
Gross unrealized losses	(1,330)	(78)
Estimated fair value	35,026	31,961
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	68,720	71,174
Gross unrealized gains	313	614
Gross unrealized losses	(2,600)	(355)
Estimated fair value	66,433	71,433
Commingled fixed income securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	1,721	1,706
Gross unrealized gains	0	16
Gross unrealized losses	(17)	0
Estimated fair value	1,704	1,722
Mortgage-backed / asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	191,769	220,659
Gross unrealized gains	215	734
Gross unrealized losses	(4,549)	(715)
Estimated fair value	$ 187,435	$ 220,678

Fair Value Measurements and D_5

Fair Value Measurements and Derivative Instruments (Unrealized Holding Losses) (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Less than 12 continuous months	$ 181,105	$ 132,267
Greater than 12 continuous months	93,587	2,369
Total	274,692	134,636
Gross unrealized losses
Less than 12 continuous months	4,695	1,072
Greater than 12 continuous months	3,801	76
Total	$ 8,496	$ 1,148

Fair Value Measurements and D_6

Fair Value Measurements and Derivative Instruments (Narrative) (Details) - USD ($)	1 Months Ended
	May 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Percentage of securities in loss position		35.00%
Held-to-maturity securities		$ 19,000,000	$ 75,000,000
Foreign exchange contracts
Derivative [Line Items]
Derivative notional amount		2,000,000	$ 8,000,000
Interest rate swaps
Derivative [Line Items]
Derivative notional amount	$ 500,000,000	$ 200,000,000
Gain (loss) on sale of derivatives	$ 2,000,000

Fair Value Measurements and D_7

Fair Value Measurements and Derivative Instruments (Available-for-sale Securities Maturities) (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Amortized cost
Within 1 year	$ 3,090
After 1 year through 5 years	15,198
After 5 years through 10 years	73,743
After 10 years	206,461
Amortized cost	298,492	$ 325,421
Estimated fair value
Within 1 year	3,082
After 1 year through 5 years	15,102
After 5 years through 10 years	71,325
After 10 years	201,089
Total	$ 290,598	$ 325,794

Fair Value Measurements and D_8

Fair Value Measurements and Derivative Instruments (Derivative Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Total net derivative liability	$ (1,499)	$ (347)
Total derivative assets
Derivative [Line Items]
Total net derivative liability	1,354	3,776
Total derivative liabilities
Derivative [Line Items]
Total net derivative liability	(2,853)	(4,123)
Foreign exchange contracts | Derivatives designated as hedging instruments | Other current assets and prepayments
Derivative [Line Items]
Total net derivative liability	42	96
Foreign exchange contracts | Derivatives designated as hedging instruments | Accounts payable and accrued liabilities
Derivative [Line Items]
Total net derivative liability	(6)	(112)
Foreign exchange contracts | Derivatives not designated as hedging instruments | Other current assets and prepayments
Derivative [Line Items]
Total net derivative liability	681	3,680
Foreign exchange contracts | Derivatives not designated as hedging instruments | Accounts payable and accrued liabilities
Derivative [Line Items]
Total net derivative liability	(2,847)	(1,848)
Interest rate swaps | Derivatives designated as hedging instruments | Other assets (Other noncurrent liabilities)
Derivative [Line Items]
Total net derivative liability	$ 631	$ (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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCI (Effective Portion)	$ 227	$ (1,383)	$ 3,009	$ (3,269)
Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)	24	(110)	163	(71)
Foreign exchange contracts
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCI (Effective Portion)	41	(80)	215	(361)
Foreign exchange contracts | Revenue
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)	45	(104)	289	(107)
Foreign exchange contracts | Cost of sales
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI to Earnings (Effective Portion)	(21)	(6)	(126)	36
Foreign exchange contracts | Selling, general and administrative expense
Derivative [Line Items]
Derivative Gain (Loss) Recognized in Earnings	(5,592)	891	(4,524)	(2,776)
Interest rate swaps
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCI (Effective Portion)	186	(1,303)	2,794	(2,908)
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	Sep. 30, 2021	Dec. 31, 2020
Carrying value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 2,338,884	$ 2,564,393
Fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 2,396,064	$ 2,479,895

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Restructuring Costs
Expenses, net	$ 11,434	$ 12,505
Cash payments	$ (14,847)	(15,869)
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	11,434	12,505
Cash payments	(14,847)	(15,869)
Noncash activity	(541)	(2,649)
Balance Ending	$ 6,109	$ 5,993

Debt (Schedule of Debt) (Detail

Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Principal amount	$ 2,380,644	$ 2,610,246
Less: unamortized costs, net	41,760	45,853
Total debt	2,338,884	2,564,393
Less: current portion long-term debt	24,733	216,032
Long-term debt	$ 2,314,151	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	$ 0	148,792
Notes due | Notes due April 2023
Debt Instrument [Line Items]
Interest rate	6.20%
Principal amount	$ 91,766	271,000
Notes due | Notes due March 2024
Debt Instrument [Line Items]
Interest rate	4.625%
Principal amount	$ 251,046	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	1.80%
Principal amount	$ 375,250	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	$ 447,750	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	$ 3,991	$ 4,900

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2021	May 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Principal amount	$ 2,380,644,000		$ 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	56,000,000
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	$ 447,750,000		0
Interest rate	4.10%
Debt term	7 years
Loan amount	$ 450,000,000
Notes due May 2022 | Notes due
Debt Instrument [Line Items]
Principal amount	$ 0		148,792,000
Interest rate	5.625%
Debt redeemed	$ 363,000,000
Notes due April 2023 | Notes due
Debt Instrument [Line Items]
Principal amount	$ 91,766,000		271,000,000
Interest rate	6.20%
Debt redeemed	$ 363,000,000
Notes due March 2024 | Notes due
Debt Instrument [Line Items]
Principal amount	$ 251,046,000		374,000,000
Interest rate	4.625%
Debt redeemed	$ 363,000,000
Term loan due March 2026 | Notes due
Debt Instrument [Line Items]
Principal amount	$ 375,250,000		$ 380,000,000
Interest rate	1.80%

Pensions and Other Benefit Pr_3

Pensions and Other Benefit Programs (Components of Net Periodic Benefit Cost (Income)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Defined Benefit Pension Plans | United States
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 64	$ 16	$ 195	$ 69
Interest cost	10,353	12,719	31,842	39,077
Expected return on plan assets	(18,883)	(20,932)	(57,839)	(63,539)
Amortization of transition credit	0	0	0	0
Amortization of prior service (credit) cost	(15)	(15)	(45)	(45)
Amortization of net actuarial loss	9,366	7,972	28,643	24,367
Settlement	0	75	314	1,076
Net periodic benefit cost (income)	885	(165)	3,110	1,005
Contributions to benefit plans	1,161	2,061	4,020	5,959
Defined Benefit Pension Plans | Foreign
Defined Benefit Plan Disclosure [Line Items]
Service cost	346	422	1,055	1,220
Interest cost	2,961	3,548	8,929	10,473
Expected return on plan assets	(7,979)	(8,297)	(24,070)	(24,474)
Amortization of transition credit	0	(1)	0	(3)
Amortization of prior service (credit) cost	67	62	202	182
Amortization of net actuarial loss	2,340	2,092	7,065	6,156
Settlement	0	833	0	4,023
Net periodic benefit cost (income)	(2,265)	(1,341)	(6,819)	(2,423)
Contributions to benefit plans	355	445	9,379	9,013
Nonpension Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	232	229	682	663
Interest cost	891	1,255	2,816	3,742
Expected return on plan assets	0	0	0	0
Amortization of transition credit	0	0	0	0
Amortization of prior service (credit) cost	32	93	97	280
Amortization of net actuarial loss	913	926	3,068	2,400
Settlement	0	0	0	0
Net periodic benefit cost (income)	2,068	2,503	6,663	7,085
Contributions to benefit plans	$ 2,642	$ 2,422	$ 9,542	$ 10,493

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Effective tax rate (percent)	(21.90%)	4.90%	119.30%	(3.80%)
Resolution of tax matters			$ 3,000
Tax legislation			5,000	$ 3,000
Income tax charge			6,000
Pre-tax gain	$ 0	$ 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				$ 1,000
Percent decrease in unrecognized benefits, reasonably possible (up to)	10.00%		10.00%

Commitments and Contingencies D

Commitments and Contingencies Disclosure (Details) - Equipment - Digital Commerce Solutions $ in Millions	Sep. 30, 2021USD ($)
Lessee, Lease, Description [Line Items]
Lease payments	$ 20
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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	$ 53,370	$ 44,580	$ 66,395	$ 286,096
Net income (loss)	9,067	11,389	(2,618)	(200,423)
Other comprehensive income	(9,927)	22,690	(2,099)	26,571
Dividends paid	(8,725)	(8,594)	(26,050)	(25,693)
Issuance of common stock	1,708	774	(2,413)	(762)
Stock-based compensation expense	3,170	8,286	15,448	15,236
Balances, end of period	$ 48,663	$ 79,125	$ 48,663	$ 79,125
Dividends paid (USD per share)	$ 0.05	$ 0.05	$ 0.15	$ 0.15
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	5,903	68,498	68,502	98,748
Issuance of common stock	(6,610)	(9,272)	(81,487)	(46,472)
Stock-based compensation expense	3,170	8,286	15,448	15,236
Balances, end of period	2,463	67,512	2,463	67,512
Retained earnings
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	5,172,185	5,188,119	5,201,195	5,438,930
Net income (loss)	9,067	11,389	(2,618)	(200,423)
Dividends paid	(8,725)	(8,594)	(26,050)	(25,693)
Balances, end of period	5,172,527	5,190,914	5,172,527	5,190,914
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	(831,303)	(836,262)	(839,131)	(840,143)
Other comprehensive income	(9,927)	22,690	(2,099)	26,571
Balances, end of period	(841,230)	(813,572)	(841,230)	(813,572)
Treasury stock
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	(4,616,753)	(4,699,113)	(4,687,509)	(4,734,777)
Issuance of common stock	8,318	10,046	79,074	45,710
Balances, end of period	$ (4,608,435)	$ (4,689,067)	$ (4,608,435)	$ (4,689,067)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Reclassifications) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	$ 875,449	$ 891,898	$ 2,689,849	$ 2,525,658
Interest expense, net	(24,312)	(27,175)	(73,816)	(79,504)
Selling, general and administrative expense	(225,024)	(238,618)	(699,316)	(720,882)
Total before tax	6,970	11,327	(8,886)	(200,531)
Income tax (benefit) provision	(1,525)	554	(10,602)	7,540
Net of tax	9,067	11,389	(2,618)	(200,423)
Reclassification out of Accumulated Other Comprehensive Loss | Cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	45	(104)	289	(107)
Cost of sales	(21)	(6)	(126)	36
Interest expense, net	(133)	0	(229)	0
Total before tax	(109)	(110)	(66)	(71)
Income tax (benefit) provision	(28)	(27)	(17)	(18)
Net of tax	(81)	(83)	(49)	(53)
Reclassification out of Accumulated Other Comprehensive Loss | Available for sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	(2)	6,490	(2)	10,060
Selling, general and administrative expense	(183)	263	76	210
Total before tax	(185)	6,753	74	10,270
Income tax (benefit) provision	(45)	1,681	19	2,557
Net of tax	(140)	5,072	55	7,713
Reclassification out of Accumulated Other Comprehensive Loss | Pension and postretirement benefit plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	(12,703)	(12,037)	(39,344)	(38,436)
Income tax (benefit) provision	(3,097)	(2,875)	(9,608)	(9,027)
Net of tax	(9,606)	(9,162)	(29,736)	(29,409)
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	3
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	(84)	(140)	(254)	(417)
Reclassification out of Accumulated Other Comprehensive Loss | Actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension and postretirement benefit plans	(12,619)	(10,990)	(38,776)	(32,923)
Reclassification out of Accumulated Other Comprehensive Loss | Settlement
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension and postretirement benefit plans	$ 0	$ (908)	$ (314)	$ (5,099)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Changes) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period	$ 53,370	$ 44,580	$ 66,395	$ 286,096
Other comprehensive income (loss) before reclassifications			(31,829)	4,822
Reclassifications into earnings			29,730	21,749
Other comprehensive (loss) income, net of tax	(9,927)	22,690	(2,099)	26,571
Balances, end of period	48,663	79,125	48,663	79,125
Cash flow hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period			(1,411)	337
Other comprehensive income (loss) before reclassifications			3,425	(2,455)
Reclassifications into earnings			49	53
Other comprehensive (loss) income, net of tax			3,474	(2,402)
Balances, end of period	2,063	(2,065)	2,063	(2,065)
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			(6,330)	2,237
Reclassifications into earnings			(55)	(7,713)
Other comprehensive (loss) income, net of tax			(6,385)	(5,476)
Balances, end of period	(5,983)	(2,627)	(5,983)	(2,627)
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			29,736	29,409
Other comprehensive (loss) income, net of tax			29,736	29,409
Balances, end of period	(821,327)	(789,609)	(821,327)	(789,609)
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			(28,924)	5,040
Reclassifications into earnings			0	0
Other comprehensive (loss) income, net of tax			(28,924)	5,040
Balances, end of period	(15,983)	(19,271)	(15,983)	(19,271)
Total
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period	(831,303)	(836,262)	(839,131)	(840,143)
Other comprehensive (loss) income, net of tax	(9,927)	22,690	(2,099)	26,571
Balances, end of period	$ (841,230)	$ (813,572)	$ (841,230)	$ (813,572)

Supplemental Financial Statem_3

Supplemental Financial Statement Information (Allowance for Credit on Losses for Accounts and Other Receivables) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year	$ 18,899
Allowance for credit losses	6,382	$ 35,400
Balance at end of period	11,807
Accounts and other receivables
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at end of period	11,807	29,669
Other assets
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at end of period	18,248	0
ASU 2016-13
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year	35,344	17,830
Allowance for credit losses	6,388	16,856
Write-offs, recoveries and other	(11,677)	(20,353)
Balance at end of period	30,055	29,669
ASU 2016-13 | Cumulative Effect
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at end of period	$ 0	$ 15,336

Supplemental Financial Statem_4

Supplemental Financial Statement Information (Other Expense, Net) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Other Income and Expenses [Abstract]
Loss on debt refinancing	$ 3,193	$ 0	$ 55,576	$ 36,987
Insurance proceeds	0	(6,325)	(3,000)	(15,292)
Gain on sale of assets	0	0	(1,434)	(11,908)
Gain on sale of business	0	0	(10,201)	0
Other expense (income)	$ 3,193	$ (6,325)	$ 40,941	$ 9,787

Supplemental Financial Statem_5

Supplemental Financial Statement Information (Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Other Income and Expenses [Abstract]
Cash interest paid	$ 106,942	$ 115,143
Cash income tax payments, net of refunds	2,451	19,861
Finance leased assets obtained in exchange for new lease obligations	$ 25,882	$ 3,614

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event $ in Millions	1 Months Ended
	Nov. 30, 2021USD ($)
Subsequent Event [Line Items]
Proceeds from sale of facility	$ 50
Term of contract	10 years
Gain on sale of facility	$ 15
CrescoData
Subsequent Event [Line Items]
Business combination, consideration transferred	15
Contingent consideration	$ 7