Pitney Bowes (PBI) 10-Q 4 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2022	Oct. 25, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
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	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		174,004,015
Entity Central Index Key	0000078814
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
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
6.7% 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, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue		$ 830,914	$ 875,449	$ 2,629,351	$ 2,689,849
Costs and expenses:
Selling, general and administrative		209,576	225,024	678,999	699,316
Research and development		9,812	10,621	32,400	32,996
Restructuring charges		4,264	3,701	12,672	11,434
Interest expense, net		23,685	24,312	66,816	73,816
Other components of net pension and postretirement cost		1,427	46	3,229	708
Other (income) expense		(8,398)	3,193	(20,299)	40,941
Total costs and expenses		820,785	868,479	2,596,888	2,698,735
Income (loss) from continuing operations before taxes		10,129	6,970	32,463	(8,886)
Provision (benefit) for income taxes		4,642	(1,525)	1,819	(10,602)
Income from continuing operations		5,487	8,495	30,644	1,716
Income (loss) from discontinued operations, net of tax		0	572	0	(4,334)
Net income (loss)		$ 5,487	$ 9,067	$ 30,644	$ (2,618)
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	$ 0.03	$ 0.05	$ 0.18	$ 0.01
Discontinued operations (in dollars per share)	[1]	0	0	0	(0.02)
Net income (loss) (in dollars per share)	[1]	0.03	0.05	0.18	(0.02)
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	0.03	0.05	0.17	0.01
Discontinued operations (in dollars per share)	[1]	0	0	0	(0.02)
Net income (loss) (in dollars per share)	[1]	$ 0.03	$ 0.05	$ 0.17	$ (0.02)
Business services
Revenue		$ 518,405	$ 551,384	$ 1,667,267	$ 1,688,860
Costs and expenses:
Cost of products and sales		452,715	472,216	1,433,474	1,454,564
Support services
Revenue		107,642	113,413	325,619	347,266
Costs and expenses:
Cost of products and sales		36,618	38,250	111,463	112,646
Financing
Revenue		67,757	71,936	207,084	223,201
Costs and expenses:
Cost of products and sales		13,692	11,710	37,827	35,369
Equipment sales
Revenue		83,528	83,234	262,810	256,304
Costs and expenses:
Cost of equipment sales		60,595	62,221	188,181	185,622
Supplies
Revenue		37,455	38,211	116,761	119,090
Costs and expenses:
Cost of products and sales		10,529	10,705	33,074	32,383
Rentals
Revenue		16,127	17,271	49,810	55,128
Costs and expenses:
Cost of products and sales		$ 6,270	$ 6,480	$ 19,052	$ 18,940
[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 - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 5,487	$ 9,067	$ 30,644	$ (2,618)
Other comprehensive loss, net of tax:
Foreign currency translation, net of tax of $(2,393), $(1,062), $(5,466) and $(765), respectively	(56,419)	(18,175)	(122,122)	(28,924)
Net unrealized gain on cash flow hedges, net of tax of $963, $17, $3,138 and $1,152, respectively	2,853	50	9,415	3,474
Net unrealized loss on investment securities, net of tax of $(2,545), $(467), $(11,353) and $(2,117), respectively	(9,583)	(1,408)	(36,148)	(6,385)
Amortization of pension and postretirement costs, net of tax of $2,461, $3,097, $6,792 and $9,608, respectively	7,749	9,606	23,714	29,736
Other comprehensive loss, net of tax	(55,400)	(9,927)	(125,141)	(2,099)
Comprehensive loss	$ (49,913)	$ (860)	$ (94,497)	$ (4,717)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Foreign currency translation, tax	$ (2,393)	$ (1,062)	$ (5,466)	$ (765)
Net unrealized gain (loss) on cash flow hedges, tax	963	17	3,138	1,152
Net unrealized gain (loss) on investment securities, tax	(2,545)	(467)	(11,353)	(2,117)
Amortization of pension and postretirement costs, tax	$ 2,461	$ 3,097	$ 6,792	$ 9,608

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 596,647	$ 732,480
Short-term investments (includes $2,058 and $2,658, respectively, reported at fair value)	10,014	14,440
Accounts and other receivables (net of allowance of $5,910 and $11,168, respectively)	287,751	334,630
Short-term finance receivables (net of allowance of $10,518 and $12,812, respectively)	551,476	560,680
Inventories	89,946	78,588
Current income taxes	27,442	13,894
Other current assets and prepayments	146,636	157,341
Total current assets	1,709,912	1,892,053
Property, plant and equipment, net	427,958	429,162
Rental property and equipment, net	28,451	34,774
Long-term finance receivables (net of allowance of $11,047 and $13,406 respectively)	597,198	587,427
Goodwill	1,045,940	1,135,103
Intangible assets, net	79,399	132,442
Operating lease assets	259,248	208,428
Noncurrent income taxes	56,339	68,398
Other assets (includes $228,346 and $318,754, respectively, reported at fair value)	388,704	471,084
Total assets	4,593,149	4,958,871
Current liabilities:
Accounts payable and accrued liabilities	766,170	922,543
Customer deposits at Pitney Bowes Bank	663,420	632,062
Current operating lease liabilities	45,761	40,299
Current portion of long-term debt	27,133	24,739
Advance billings	94,100	99,280
Current income taxes	2,051	9,017
Total current liabilities	1,598,635	1,727,940
Long-term debt	2,189,566	2,299,099
Deferred taxes on income	273,455	286,445
Tax uncertainties and other income tax liabilities	31,566	31,935
Noncurrent operating lease liabilities	239,788	192,092
Other noncurrent liabilities	268,415	308,728
Total liabilities	4,601,425	4,846,239
Commitments and contingencies
Stockholders’ (deficit) equity:
Common stock, $1 par value (480,000 shares authorized; 323,338 shares issued)	323,338	323,338
Additional paid-in capital	0	2,485
Retained earnings	5,128,030	5,169,270
Accumulated other comprehensive loss	(905,453)	(780,312)
Treasury stock, at cost (149,353 and 148,607 shares, respectively)	(4,554,191)	(4,602,149)
Total stockholders’ (deficit) equity	(8,276)	112,632
Total liabilities and stockholders’ (deficit) equity	$ 4,593,149	$ 4,958,871

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Short-term investments	$ 2,058	$ 2,658
Allowance for doubtful accounts	5,910	11,168
Short-term finance receivables allowance	10,518	12,812
Long-term finance receivables allowance	11,047	13,406
Other assets, fair value	$ 228,346	$ 318,754
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	480,000	480,000
Common stock, shares issued (in shares)	323,338	323,338
Treasury stock (in shares)	149,353	148,607

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income (loss)	$ 30,644	$ (2,618)
Loss from discontinued operations, net of tax	0	4,334
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization	124,752	121,225
Allowance for credit losses	6,355	6,382
Stock-based compensation	15,237	15,448
Amortization of debt fees	6,737	5,694
Loss on debt redemption/refinancing	4,993	55,576
Restructuring charges	12,672	11,434
Restructuring payments	(11,761)	(14,847)
Pension contributions and retiree medical payments	(23,411)	(22,941)
Gain on sale of assets	(14,372)	(1,434)
Gain on sale of businesses	(10,920)	(10,201)
Changes in operating assets and liabilities, net of acquisitions/divestitures:
Accounts and other receivables	24,895	62,537
Finance receivables	(1,125)	31,893
Inventories	(12,233)	(4,304)
Other current assets and prepayments	(22,234)	(8,900)
Accounts payable and accrued liabilities	(120,993)	(7,332)
Current and noncurrent income taxes	(14,633)	(14,294)
Advance billings	(774)	(9,402)
Other, net	15,400	(2,076)
Net cash from operating activities	9,229	216,174
Cash flows from investing activities:
Capital expenditures	(97,533)	(140,907)
Purchases of investment securities	(5,722)	(70,896)
Proceeds from sales/maturities of investment securities	24,835	78,941
Net investment in loan receivables	(31,101)	(6,627)
Proceeds from asset sales	50,766	1,840
Proceeds from sale of businesses	109,326	27,573
Acquisitions	(1,154)	0
Settlement of derivative contracts	(48,987)	0
Other investing activities	15,961	0
Net cash from investing activities - continuing operations	16,391	(110,076)
Net cash from investing activities - discontinued operations	0	(1,610)
Net cash from investing activities	16,391	(111,686)
Cash flows from financing activities:
Proceeds from the issuance of debt, net of discount	0	1,195,500
Principal payments of debt	(112,965)	(1,429,603)
Premiums and fees paid to redeem/refinance debt	(4,759)	(50,130)
Dividends paid to stockholders	(26,013)	(26,050)
Customer deposits at Pitney Bowes Bank	31,359	25,512
Common stock repurchases	(13,446)	0
Other financing activities	(10,356)	(7,078)
Net cash from financing activities	(136,180)	(291,849)
Effect of exchange rate changes on cash and cash equivalents	(25,273)	(4,940)
Change in cash and cash equivalents	(135,833)	(192,301)
Cash and cash equivalents at beginning of period	732,480	921,450
Cash and cash equivalents at end of period	$ 596,647	$ 729,149

Description of Business and Bas

Description of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2022
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 small and medium sized businesses, large enterprises, including more than 90 percent of the Fortune 500, retailers and government clients around the world. These clients rely on us to remove the complexity and increase the efficiency in their sending of 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, 2021 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, 2022. 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, 2021 (2021 Annual Report). Effective July 1, 2022, we sold our Borderfree cross-border ecommerce solutions business (Borderfree) that was reported in the Global Ecommerce segment. Prior year results have not been recast to exclude the revenue and expenses from Borderfree, impacting the comparison of current year results to the prior year periods. Accordingly, no revenue was recognized for Borderfree in the third quarter of 2022, whereas revenue for the third quarter of 2021 includes $14 million from Borderfree. Net income of Borderfree for the third quarter of 2021 was not significant. Pre-tax income for the three months ended September 30, 2022 included a charge of $2 million and pre-tax income for the nine months ended September 30, 2022 included a benefit of $3 million to correct misstatements related to prior periods. The impact of these misstatements was not material to the consolidated financial statements for any prior quarterly or annual periods, and is not expected to be material to the current annual period. Risks and Uncertainties The effects of COVID-19 and the risk of a global recession continues to impact how we and our clients conduct business. The impacts on our business remain unpredictable and accordingly, we are not able to reasonably estimate the full extent of their impact on our operating results, financial position and cash flows. 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. In March 2022, the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures,

Revenue

Revenue	9 Months Ended
	Sep. 30, 2022
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, 2022 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 $ 354,326 $ 144,824 $ 19,255 $ 518,405 $ — $ 518,405 Support services — — 107,642 107,642 — 107,642 Financing — — — — 67,757 67,757 Equipment sales — — 20,389 20,389 63,139 83,528 Supplies — — 37,455 37,455 — 37,455 Rentals — — — — 16,127 16,127 Subtotal 354,326 144,824 184,741 683,891 $ 147,023 $ 830,914 Revenue from leasing transactions and financing — — 147,023 147,023 Total revenue $ 354,326 $ 144,824 $ 331,764 $ 830,914 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 76,667 $ 76,667 Products/services transferred over time 354,326 144,824 108,074 607,224 Total $ 354,326 $ 144,824 $ 184,741 $ 683,891 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 — — 147,352 147,352 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 Nine Months Ended September 30, 2022 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 $ 1,166,623 $ 444,302 $ 56,342 $ 1,667,267 $ — $ 1,667,267 Support services — — 325,619 325,619 — 325,619 Financing — — — — 207,084 207,084 Equipment sales — — 63,088 63,088 199,722 262,810 Supplies — — 116,761 116,761 — 116,761 Rentals — — — — 49,810 49,810 Subtotal 1,166,623 444,302 561,810 2,172,735 $ 456,616 $ 2,629,351 Revenue from leasing transactions and financing — — 456,616 456,616 Total revenue $ 1,166,623 $ 444,302 $ 1,018,426 $ 2,629,351 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 231,194 $ 231,194 Products/services transferred over time 1,166,623 444,302 330,616 1,941,541 Total $ 1,166,623 $ 444,302 $ 561,810 $ 2,172,735 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 — — 468,033 468,033 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 Our performance obligations for revenue from products and services are as follows: Business services includes fulfillment, delivery and return services, cross-border solutions, mail processing services and shipping subscription solutions. Revenue for fulfillment, delivery and return services and cross-border solutions and mail processing services 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 initially 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 generally includes the sale of mailing and shipping equipment, excluding sales-type leases. We recognize revenue upon delivery for self-install equipment and upon acceptance or installation for other equipment. We provide a warranty that the equipment is free of defects and meets stated specifications. The warranty is not considered a separate performance obligation. Supplies includes revenue from supplies for our mailing equipment and 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, 2022 December 31, 2021 Increase/ (decrease) Advance billings, current Advance billings $ 86,648 $ 92,926 $ (6,278) Advance billings, noncurrent Other noncurrent liabilities $ 931 $ 1,109 $ (178) 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 on mailing equipment. Revenue recognized during the period includes $89 million of advance billings at the beginning of the period. Advance billings, current, reported on the Condensed Consolidated Balance Sheets at September 30, 2022 and December 31, 2021 also includes $7 million and $6 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 2022 2023 2024-2027 Total SendTech Solutions $ 75,374 $ 241,706 $ 359,275 $ 676,355 The amounts above do not include revenue for performance obligations under contracts with terms less than 12 months or revenue for performance obligations where revenue is recognized based on the amount billable to the customer.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information Our reportable segments are Global Ecommerce, Presort Services and SendTech Solutions. The principal products and services of each reportable segment are as follows: Global Ecommerce: Includes the revenue and related expenses from business to consumer logistics services for domestic and cross-border delivery, returns and fulfillment. 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, unallocated corporate expenses, restructuring charges, asset and goodwill impairment charges and other items not allocated to a business segment. Costs related to shared assets are allocated to the relevant segments. Management believes that segment EBIT 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 a reconciliation of segment EBIT to net income (loss). Revenue Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Global Ecommerce $ 354,326 $ 398,011 $ 1,166,623 $ 1,229,526 Presort Services 144,824 139,296 444,302 417,041 SendTech Solutions 331,764 338,142 1,018,426 1,043,282 Total revenue $ 830,914 $ 875,449 $ 2,629,351 $ 2,689,849 EBIT Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Global Ecommerce $ (34,881) $ (20,950) $ (77,402) $ (58,157) Presort Services 20,561 21,062 53,044 56,247 SendTech Solutions 95,234 98,950 295,374 320,541 Total segment EBIT 80,914 99,062 271,016 318,631 Reconciliation of Segment EBIT to net income (loss): Unallocated corporate expenses (42,908) (49,176) (141,537) (162,957) Restructuring charges (4,264) (3,701) (12,672) (11,434) Interest expense, net (37,377) (36,022) (104,643) (109,185) Loss on debt redemption/refinancing — (3,193) (4,993) (55,576) Gain on sale of businesses, including transaction costs 13,764 — 10,920 10,201 Gain on sale of assets — — 14,372 1,434 (Provision) benefit for income taxes (4,642) 1,525 (1,819) 10,602 Income from continuing operations 5,487 8,495 30,644 1,716 Income (loss) from discontinued operations, net of tax — 572 — (4,334) Net income (loss) $ 5,487 $ 9,067 $ 30,644 $ (2,618)

Earnings per Share (EPS)

Earnings per Share (EPS)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings per Share (EPS)	Earnings per Share (EPS) The calculation of basic and diluted earnings per share is presented below. The sum of the earnings per share amounts may not equal the totals due to rounding. Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Numerator: Income from continuing operations $ 5,487 $ 8,495 $ 30,644 $ 1,716 Income (loss) from discontinued operations, net of tax — 572 — (4,334) Net income (loss) $ 5,487 $ 9,067 $ 30,644 $ (2,618) Denominator: Weighted-average shares used in basic EPS 173,847 174,399 173,881 173,691 Dilutive effect of common stock equivalents 3,119 5,010 3,537 5,258 Weighted-average shares used in diluted EPS 176,966 179,409 177,418 178,949 Basic earnings (loss) per share: Continuing operations $ 0.03 $ 0.05 $ 0.18 $ 0.01 Discontinued operations — — — (0.02) Net income (loss) $ 0.03 $ 0.05 $ 0.18 $ (0.02) Diluted earnings (loss) per share: Continuing operations $ 0.03 $ 0.05 $ 0.17 $ 0.01 Discontinued operations — — — (0.02) Net income (loss) $ 0.03 $ 0.05 $ 0.17 $ (0.02) Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive: 13,967 6,529 9,573 6,529

Inventories

Inventories	9 Months Ended
	Sep. 30, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are stated at the lower of cost, determined on the first-in, first-out (FIFO) basis, or net realizable value. Inventories consisted of the following: September 30, December 31, Raw materials $ 28,763 $ 22,352 Supplies and service parts 28,272 26,076 Finished products 32,911 30,160 Total inventory, net $ 89,946 $ 78,588

Finance Assets and Lessor Opera

Finance Assets and Lessor Operating Leases	9 Months Ended
	Sep. 30, 2022
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, secured loans and unsecured loans. Sales-type leases and secured loans are from financing options provided to clients for Pitney Bowes equipment or leasing of other manufacturers' equipment and are generally due in installments over periods ranging from three Finance receivables consisted of the following: September 30, 2022 December 31, 2021 North America International Total North America International Total Sales-type lease receivables Gross finance receivables $ 958,672 $ 143,949 $ 1,102,621 $ 958,440 $ 187,831 $ 1,146,271 Unguaranteed residual values 38,775 8,452 47,227 37,896 10,717 48,613 Unearned income (237,090) (44,762) (281,852) (246,381) (56,643) (303,024) Allowance for credit losses (15,178) (2,294) (17,472) (19,546) (3,246) (22,792) Net investment in sales-type lease receivables 745,179 105,345 850,524 730,409 138,659 869,068 Loan receivables Loan receivables 284,851 17,392 302,243 262,310 20,155 282,465 Allowance for credit losses (3,940) (153) (4,093) (3,259) (167) (3,426) Net investment in loan receivables 280,911 17,239 298,150 259,051 19,988 279,039 Net investment in finance receivables $ 1,026,090 $ 122,584 $ 1,148,674 $ 989,460 $ 158,647 $ 1,148,107 Maturities of gross finance receivables at September 30, 2022 were as follows: Sales-type Lease Receivables Loan Receivables North America International Total North America International Total Remainder 2022 $ 99,920 $ 35,447 $ 135,367 $ 218,060 $ 17,392 $ 235,452 2023 344,805 45,106 389,911 24,440 — 24,440 2024 248,361 29,764 278,125 19,163 — 19,163 2025 157,126 17,153 174,279 13,728 — 13,728 2026 84,395 8,005 92,400 6,738 — 6,738 Thereafter 24,065 8,474 32,539 2,722 — 2,722 Total $ 958,672 $ 143,949 $ 1,102,621 $ 284,851 $ 17,392 $ 302,243 Aging of Receivables The aging of gross finance receivables was as follows: September 30, 2022 Sales-type Lease Receivables Loan Receivables North International North International Total Past due amounts 0 - 90 days $ 951,668 $ 141,685 $ 279,381 $ 17,292 $ 1,390,026 Past due amounts > 90 days 7,004 2,264 5,470 100 14,838 Total $ 958,672 $ 143,949 $ 284,851 $ 17,392 $ 1,404,864 Past due amounts > 90 days Still accruing interest $ 3,450 $ 460 $ — $ — $ 3,910 Not accruing interest 3,554 1,804 5,470 100 10,928 Total $ 7,004 $ 2,264 $ 5,470 $ 100 $ 14,838 December 31, 2021 Sales-type Lease Receivables Loan Receivables North International North International Total Past due amounts 0 - 90 days $ 950,138 $ 185,057 $ 258,514 $ 20,018 $ 1,413,727 Past due amounts > 90 days 8,302 2,774 3,796 137 15,009 Total $ 958,440 $ 187,831 $ 262,310 $ 20,155 $ 1,428,736 Past due amounts > 90 days Still accruing interest $ 4,964 $ 682 $ — $ — $ 5,646 Not accruing interest 3,338 2,092 3,796 137 9,363 Total $ 8,302 $ 2,774 $ 3,796 $ 137 $ 15,009 Allowance for Credit Losses We provide 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 and current economic conditions and outlook based on reasonable and supportable forecasts. We continually evaluate the adequacy of the allowance for credit losses and adjust as necessary. The assumptions used in determining an estimate of credit losses are inherently subjective and actual results may differ significantly from estimated reserves. We established credit approval limits based on the credit quality of the client and the type of equipment financed. We cease recognition of financing revenue for lease receivables greater than 120 days past due and for unsecured loan receivables greater than 90 days past due. Revenue recognition is resumed when the client's payments reduce the account aging to less than 60 days past due. Finance receivables are written off against the allowance after all collection efforts have been exhausted and management deems the account to be uncollectible. We believe that our 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, 2022 $ 19,546 $ 3,246 $ 3,259 $ 167 $ 26,218 Amounts charged to expense (1,913) 189 2,459 259 994 Write-offs (4,625) (587) (3,684) (212) (9,108) Recoveries 2,273 35 1,916 1 4,225 Other (103) (589) (10) (62) (764) Balance at September 30, 2022 $ 15,178 $ 2,294 $ 3,940 $ 153 $ 21,565 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 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, a detailed manual review of their financial condition and payment history, or an automated process. 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 and enhanced tools and processes are implemented as needed. Over 85% of our finance receivables are within the North American portfolio. We use a third-party to score the majority of this 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. This portfolio comprises less than 15% of total finance receivables. Most of the International credit applications are small dollar applications (i.e. below $50 thousand) and are subjected to an automated review process. Larger credit applications are manually reviewed, which includes obtaining client financial information, credit reports and other available financial information. The table below shows gross finance receivables by relative risk class and year of origination based on the relative scores of the accounts within each class. September 30, 2022 Sales Type Lease Receivables Loan Receivables Total 2022 2021 2020 2019 2018 Prior Low $ 223,341 $ 221,574 $ 154,974 $ 111,735 $ 45,866 $ 18,304 $ 209,962 $ 985,756 Medium 40,718 40,787 27,057 22,799 10,015 3,925 60,906 206,207 High 4,511 4,079 3,162 2,108 1,171 618 5,206 20,855 Not Scored 47,544 54,868 31,463 22,411 8,905 686 26,169 192,046 Total $ 316,114 $ 321,308 $ 216,656 $ 159,053 $ 65,957 $ 23,533 $ 302,243 $ 1,404,864 December 31, 2021 Sales Type Lease Receivables Loan Receivables Total 2021 2020 2019 2018 2017 Prior Low $ 274,191 $ 195,421 $ 162,479 $ 95,661 $ 33,698 $ 14,862 $ 192,161 $ 968,473 Medium 43,403 34,955 31,038 17,895 6,981 3,619 55,708 193,599 High 5,474 5,017 4,044 2,708 849 889 4,822 23,803 Not Scored 45,644 54,097 47,973 33,998 19,161 12,214 29,774 242,861 Total $ 368,712 $ 289,490 $ 245,534 $ 150,262 $ 60,689 $ 31,584 $ 282,465 $ 1,428,736 Lease Income Lease income from sales-type leases, excluding variable lease payments, was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Profit recognized at commencement $ 31,576 $ 28,394 $ 100,951 $ 92,756 Interest income 40,480 45,806 123,783 142,072 Total lease income from sales-type leases $ 72,056 $ 74,200 $ 224,734 $ 234,828 Lessor Operating Leases We also lease mailing equipment under operating leases with terms of one Remainder 2022 $ 8,884 2023 20,926 2024 17,478 2025 9,296 2026 3,028 Thereafter 935 Total $ 60,547

Acquisition, Divestiture, Intan

Acquisition, Divestiture, Intangible Assets and Goodwill	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Acquisition, Divestiture, Intangible Assets and Goodwill	Acquisition, Divestiture, Intangible Assets and Goodwill Acquisition/Divestiture In the second quarter of 2022, we entered into a definitive agreement to sell the Borderfree business. The sale closed on July 1, 2022 and we received proceeds of $93 million, net of cash transferred, and recognized a pre-tax gain of $4 million (see Note 16). During the quarter, we also received additional proceeds of $7 million related to the 2021 sale of a business and recognized a pre-tax gain of $4 million and acquired Pittsburgh Mailing Systems, Inc. for $1 million, which is reported in our Presort Services segment. Intangible Assets Intangible assets consisted of the following: September 30, 2022 December 31, 2021 Gross Accumulated Net Gross Accumulated Net Customer relationships $ 153,436 $ (76,408) $ 77,028 $ 268,187 $ (141,492) $ 126,695 Software & technology 21,798 (19,427) 2,371 21,981 (16,234) 5,747 Total intangible assets $ 175,234 $ (95,835) $ 79,399 $ 290,168 $ (157,726) $ 132,442 Amortization expense for the three months ended September 30, 2022 and 2021 was $5 million and $8 million, respectively and amortization expense for the nine months ended September 30, 2022 and 2021 was $20 million and $23 million, respectively. Future amortization expense as of September 30, 2022 is shown in the table below. Actual amortization expense may differ due to, among other things, fluctuations in foreign currency exchange rates, acquisitions, divestitures and impairment charges. Remainder 2022 $ 3,854 2023 15,416 2024 15,416 2025 15,212 2026 14,223 Thereafter 15,278 Total $ 79,399 Goodwill Goodwill is tested annually for impairment at the reporting unit level during the fourth quarter or sooner if circumstances indicate an impairment may exist. The impairment test for goodwill determines the fair value of each reporting unit and compares it to the reporting unit's carrying value, including goodwill. If the fair value of a reporting unit exceeds the carrying value of the net assets assigned to that reporting unit, goodwill is not impaired and no further testing is required. If the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, the goodwill impairment loss is calculated as the difference between these amounts, limited to the amount of goodwill allocated to the reporting unit. We determined that the agreement to sell Borderfree was a triggering event that indicated an impairment may exist. Accordingly, we performed a goodwill impairment test of the Global Ecommerce reporting unit to assess the recoverability of goodwill. We engaged a third-party to assist in the determination of the fair value of the reporting unit. The results of our test indicated that no impairment existed; however, the estimated fair value of the Global Ecommerce reporting unit exceeded its carrying value by less than 20%. The determination of fair value relied on internal projections developed using numerous estimates and assumptions that are inherently subject to significant uncertainties. These estimates and assumptions included revenue growth, profitability, cash flows, capital spending and other available information. The determination of fair value also incorporated a risk-adjusted discount rate, terminal growth rates and other assumptions that market participants may use. Changes in any of these estimates or assumptions could materially affect the determination of fair value and potentially result in an impairment charge in the future. These estimates and assumptions are considered Level 3 inputs under the fair value hierarchy. Changes in the carrying value of goodwill by reporting segment are shown in the table below. December 31, 2021 Disposition Currency impact September 30, Global Ecommerce $ 395,062 $ (55,878) $ — $ 339,184 Presort Services 220,992 — — 220,992 SendTech Solutions 519,049 — (33,285) 485,764 Total goodwill $ 1,135,103 $ (55,878) $ (33,285) $ 1,045,940 The disposition of $56 million represents goodwill allocated to Borderfree. Global Ecommerce goodwill is net of accumulated goodwill impairment charges of $198 million at September 30, 2022 and December 31, 2021.

Fair Value Measurements and Der

Fair Value Measurements and Derivative Instruments	9 Months Ended
	Sep. 30, 2022
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, 2022 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds $ 24,250 $ 164,584 $ — $ 188,834 Equity securities — 14,426 — 14,426 Commingled fixed income securities 1,509 7,784 — 9,293 Government and related securities 8,665 18,249 — 26,914 Corporate debt securities — 51,081 — 51,081 Mortgage-backed / asset-backed securities — 128,606 — 128,606 Derivatives Interest rate swap — 15,966 — 15,966 Foreign exchange contracts — 7,302 — 7,302 Total assets $ 34,424 $ 407,998 $ — $ 442,422 Liabilities: Derivatives Foreign exchange contracts $ — $ (2,810) $ — $ (2,810) Total liabilities $ — $ (2,810) $ — $ (2,810) December 31, 2021 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds $ 88,705 $ 338,043 $ — $ 426,748 Equity securities — 29,356 — 29,356 Commingled fixed income securities 1,692 16,815 — 18,507 Government and related securities 9,790 25,439 — 35,229 Corporate debt securities — 65,167 — 65,167 Mortgage-backed / asset-backed securities — 172,018 — 172,018 Derivatives Interest rate swap — 3,103 — 3,103 Foreign exchange contracts — 2,474 — 2,474 Total assets $ 100,187 $ 652,415 $ — $ 752,602 Liabilities: Derivatives Foreign exchange contracts $ — $ (304) $ — $ (304) Total liabilities $ — $ (304) $ — $ (304) 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 when unadjusted quoted prices in active markets are available. 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. 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 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, 2022. Available-for-sale securities consisted of the following: September 30, 2022 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 35,855 $ 12 $ (8,953) $ 26,914 Corporate debt securities 66,657 — (15,576) 51,081 Commingled fixed income securities 1,742 — (233) 1,509 Mortgage-backed / asset-backed securities 159,475 — (30,869) 128,606 Total $ 263,729 $ 12 $ (55,631) $ 208,110 December 31, 2021 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 36,160 $ 81 $ (1,012) $ 35,229 Corporate debt securities 67,906 259 (2,998) 65,167 Commingled fixed income securities 1,725 — (33) 1,692 Mortgage-backed / asset-backed securities 176,559 144 (4,685) 172,018 Total $ 282,350 $ 484 $ (8,728) $ 274,106 Investment securities in a loss position were as follows: September 30, 2022 December 31, 2021 Fair Value Gross unrealized losses Fair Value Gross unrealized losses Greater than 12 continuous months Government and related securities $ 16,937 $ 2,930 $ 16,018 $ 579 Corporate debt securities 47,386 15,261 51,385 2,658 Commingled fixed income securities — — — — Mortgage-backed / asset-backed securities 115,616 29,384 135,441 4,057 Total $ 179,939 $ 47,575 $ 202,844 $ 7,294 Less than 12 continuous months Government and related securities $ 9,530 $ 6,023 $ 15,438 $ 433 Corporate debt securities 3,686 315 8,859 339 Commingled fixed income securities 1,509 233 1,692 33 Mortgage-backed / asset-backed securities 12,990 1,485 30,754 629 Total $ 27,715 $ 8,056 $ 56,743 $ 1,434 At September 30, 2022, 99% of the securities 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. 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 expect to receive the stated principal and interest at maturity. Scheduled maturities of available-for-sale securities at September 30, 2022 were as follows: Amortized cost Estimated fair value Within 1 year $ 2,295 $ 2,058 After 1 year through 5 years 15,812 14,116 After 5 years through 10 years 72,928 57,703 After 10 years 172,694 134,233 Total $ 263,729 $ 208,110 The actual maturities may not coincide with the scheduled maturities as certain securities contain early redemption features and/or allow for the prepayment of obligations. Held-to-Maturity Securities Held-to-maturity securities at September 30, 2022 and December 31, 2021 totaled $21 million and $20 million, respectively. Simple Agreement for Future Equity (SAFE) Investment In October 2022, we invested $10 million in Ambi Robotics Inc., a robotics solutions company, via a SAFE arrangement. The SAFE investment provides us the right to participate in future equity offerings by Ambi Robotics Inc. The investment will be carried at cost and the carrying value of the investment could be increased or decreased based on future observable transactions by Ambi Robotics Inc. Derivative Instruments In the normal course of business, we are exposed to the impact of changes in foreign currency exchange rates and interest rates. We limit these risks by following established risk management policies and procedures, including the use of derivatives. We use derivative instruments to limit the effects of currency exchange rate fluctuations on financial results and manage the cost of debt. We do not use derivatives for trading or speculative purposes. Derivative instruments are recorded at fair value and the accounting for changes in fair value depends on the intended use of the derivative, the resulting designation and the effectiveness of the instrument in offsetting the risk exposure it is designed to hedge. Foreign Exchange Contracts We enter into foreign exchange contracts to mitigate the currency risk associated with anticipated inventory purchases between affiliates and from third parties. These contracts are designated as cash flow hedges. The effective portion of the gain or loss on cash flow hedges is included in 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. At both September 30, 2022 and December 31, 2021, outstanding contracts associated with these anticipated transactions had a notional value of $1 million. Amounts included in AOCL at September 30, 2022 will be recognized in earnings within the next 12 months. No amount of ineffectiveness was recorded in earnings for these designated cash flow hedges. Interest Rate Swaps We have interest rate swap agreements with an aggregate notional value of $200 million that are designated 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 $ 125 $ 21 Accounts payable and accrued liabilities — (10) Interest rate swaps Other assets 15,966 3,103 Derivatives not designated as Foreign exchange contracts Other current assets and prepayments 7,177 2,453 Accounts payable and accrued liabilities (2,810) (294) Total derivative assets $ 23,268 $ 5,577 Total derivative liabilities (2,810) (304) Total net derivative asset $ 20,458 $ 5,273 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 2022 2021 2022 2021 Foreign exchange contracts $ 134 $ 41 Revenue $ — $ 45 Cost of sales 80 (21) Interest rate swap 3,936 186 Interest expense 137 — $ 4,070 $ 227 $ 217 $ 24 Nine Months Ended September 30, Derivative Gain (Loss) Location of Gain (Loss) Gain (Loss) Reclassified Derivative Instrument 2022 2021 2022 2021 Foreign exchange contracts $ 257 $ 215 Revenue $ — $ 289 Cost of sales 143 (126) Interest rate swap 12,863 2,794 Interest expense 412 — $ 13,120 $ 3,009 $ 555 $ 163 Nondesignated Derivative Instruments We also enter into foreign exchange contracts to minimize the impact on earnings from the revaluation of short-term intercompany loans and related interest denominated in a foreign currency. These foreign exchange contracts are not designated as hedging instruments. Accordingly, the revaluation of intercompany loans and interest and the change in fair value of these derivatives are recorded in earnings. All outstanding contracts at September 30, 2022 mature within 3 months. The impact on earnings from the change in fair value of these foreign exchange contracts, exclusive of the corresponding impact on earnings from the revaluation of the intercompany loans and related interest, was as follows: Three Months Ended September 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2022 2021 Foreign exchange contracts Selling, general and administrative expense $ (24,116) $ (5,592) Nine Months Ended September 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2022 2021 Foreign exchange contracts Selling, general and administrative expense $ (45,299) $ (4,524) Fair Value of Financial Instruments Our financial instruments include cash and cash equivalents, available-for-sale and held-to-maturity investment securities, accounts receivable, loan receivables, derivative instruments, accounts payable and debt. The carrying value of cash and cash equivalents, held-to-maturity investment securities, accounts receivable, loans receivable, and accounts payable approximate fair value. The fair value of available-for-sale investment securities and derivative instruments are presented above. 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 were classified as Level 2 in the fair value hierarchy. The carrying value and estimated fair value of debt was as follows: September 30, 2022 December 31, 2021 Carrying value $ 2,216,699 $ 2,323,838 Fair value $ 1,732,053 $ 2,355,894

Restructuring Charges

Restructuring Charges	9 Months Ended
	Sep. 30, 2022
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, 2022 $ 5,747 Amounts charged to expense 12,672 Cash payments (11,761) Noncash activity (1,378) Balance at September 30, 2022 $ 5,280 Balance at January 1, 2021 $ 10,063 Amounts charged to expense 11,434 Cash payments (14,847) Noncash activity (541) Balance at September 30, 2021 $ 6,109

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt Total debt consisted of the following: Interest rate September 30, 2022 December 31, 2021 Notes due April 2023 6.20% — 90,259 Notes due March 2024 4.625% 238,449 242,603 Term loan due March 2026 LIBOR + 1.75% 356,250 370,500 Notes due March 2027 6.875% 400,000 400,000 Term loan due March 2028 LIBOR + 4.0% 443,250 446,625 Notes due March 2029 7.25% 350,000 350,000 Notes due January 2037 5.25% 35,841 35,841 Notes due March 2043 6.70% 425,000 425,000 Other debt 2,758 3,685 Principal amount 2,251,548 2,364,513 Less: unamortized costs, net 34,849 40,675 Total debt 2,216,699 2,323,838 Less: current portion long-term debt 27,133 24,739 Long-term debt $ 2,189,566 $ 2,299,099 During 2022, we redeemed the April 2023 notes and recorded a $5 million pre-tax loss in connection with this redemption. We also made scheduled principal repayments of $18 million on our term loans. At September 30, 2022, the interest rate on the 2026 Term Loan was 4.9% and the interest rate of the 2028 Term Loan was 7.1%. We have outstanding interest rate swaps that effectively convert $200 million of our variable rate debt to fixed rates. Under the terms of these agreements, we pay fixed-rate interest of 0.56% and receive variable-rate interest based on one-month LIBOR. The variable interest rates under the term loans and the swaps reset monthly. The credit agreement that governs our $500 million secured revolving credit facility and term loans contains financial and non-financial covenants. At September 30, 2022, we were in compliance with all covenants and there were no outstanding borrowings under the revolving credit facility.

Pensions and Other Benefit Prog

Pensions and Other Benefit Programs	9 Months Ended
	Sep. 30, 2022
Retirement Benefits [Abstract]
Pensions and Other Benefit Programs	Pensions and Other Benefit Programs The components of net periodic benefit cost were as follows: Defined Benefit Pension Plans Nonpension Postretirement Benefit Plans United States Foreign Three Months Ended Three Months Ended Three Months Ended September 30, September 30, September 30, 2022 2021 2022 2021 2022 2021 Service cost $ 14 $ 64 $ 291 $ 346 $ 191 $ 232 Interest cost 11,072 10,353 3,270 2,961 884 891 Expected return on plan assets (17,586) (18,883) (6,423) (7,979) — — Amortization of prior service (credit) cost (11) (15) 60 67 — 32 Amortization of net actuarial loss 8,317 9,366 1,625 2,340 (131) 913 Settlement 350 — — — — — Net periodic benefit cost (income) $ 2,156 $ 885 $ (1,177) $ (2,265) $ 944 $ 2,068 Contributions to benefit plans $ 2,103 $ 1,161 $ 348 $ 355 $ 2,401 $ 2,642 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, 2022 2021 2022 2021 2022 2021 Service cost $ 62 $ 195 $ 978 $ 1,055 $ 549 $ 682 Interest cost 33,354 31,842 10,354 8,929 2,763 2,816 Expected return on plan assets (53,311) (57,839) (20,437) (24,070) — — Amortization of prior service (credit) cost (33) (45) 192 202 — 97 Amortization of net actuarial loss 24,781 28,643 5,172 7,065 44 3,068 Settlement 350 314 — — — — Net periodic benefit cost (income) $ 5,203 $ 3,110 $ (3,741) $ (6,819) $ 3,356 $ 6,663 Contributions to benefit plans $ 4,401 $ 4,020 $ 8,961 $ 9,379 $ 10,049 $ 9,542

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate for the three and nine months ended September 30, 2022, was 45.8% and 5.6%, respectively, and includes a charge of $2 million due to state tax legislation offset by a benefit of $1 million as a result of the finalization and filing of state income tax returns. The effective tax rate for the nine months ended September 30, 2022 also includes a tax benefit of $4 million on the pre-tax gain of $4 million from the sale of Borderfree as the tax basis was higher than book basis and a $1 million benefit associated with the 2019 sale of a business. 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. 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 20% of our unrecognized tax benefits.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
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, it is not reasonably possible that the potential liability, if any, that may result from these actions, either individually or collectively, will have a material effect on our financial position, results of operations or cash flows. However, as litigation is inherently unpredictable, there can be no assurances in this regard. As of September 30, 2022, we have entered into real estate and equipment leases with aggregate payments of $104 million and terms ranging from three

Stockholders_ (Deficit) Equity

Stockholders’ (Deficit) Equity	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
Stockholders’ (Deficit) Equity	Stockholders’ (Deficit) Equity Changes in stockholders’ (deficit) equity were as follows: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total (deficit) equity Balance at July 1, 2022 $ 323,338 $ — $ 5,137,248 $ (850,053) $ (4,566,379) $ 44,154 Net income — — 5,487 — — 5,487 Other comprehensive loss — — — (55,400) — (55,400) Dividends paid ($0.05 per common share) — — (8,700) — — (8,700) Issuance of common stock — (5,371) (6,005) — 12,188 812 Stock-based compensation expense — 5,371 — — — 5,371 Balance at September 30, 2022 $ 323,338 $ — $ 5,128,030 $ (905,453) $ (4,554,191) $ (8,276) 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 (deficit) equity Balance at January 1, 2022 $ 323,338 $ 2,485 $ 5,169,270 $ (780,312) $ (4,602,149) $ 112,632 Net income — — 30,644 — — 30,644 Other comprehensive loss — — — (125,141) — (125,141) Dividends paid ($0.15 per common share) — — (26,013) — — (26,013) Issuance of common stock — (17,722) (45,871) — 61,404 (2,189) Stock-based compensation expense — 15,237 — — — 15,237 Repurchase of common stock — — — — (13,446) (13,446) Balance at September 30, 2022 $ 323,338 $ — $ 5,128,030 $ (905,453) $ (4,554,191) $ (8,276) 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

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2022
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, 2022 2021 2022 2021 Cash flow hedges Revenue $ — $ 45 $ — $ 289 Cost of sales 80 (21) 143 (126) Interest expense, net 137 (133) 412 (229) Total before tax 217 (109) 555 (66) Income tax provision (benefit) 54 (28) 138 (17) Net of tax $ 163 $ (81) $ 417 $ (49) Available-for-sale securities Financing revenue $ (3) $ (2) $ (9) $ (2) Selling, general and administrative expense 64 (183) 86 76 Total before tax 61 (185) 77 74 Income tax provision (benefit) 15 (45) 20 19 Net of tax $ 46 $ (140) $ 57 $ 55 Pension and postretirement benefit plans Prior service costs (49) (84) $ (159) $ (254) Actuarial losses (9,811) (12,619) (29,997) (38,776) Settlement (350) — (350) (314) Total before tax (10,210) (12,703) (30,506) (39,344) Income tax benefit (2,461) (3,097) (6,792) (9,608) Net of tax $ (7,749) $ (9,606) $ (23,714) $ (29,736) 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, 2022 $ 3,803 $ (6,249) $ (756,639) $ (21,227) $ (780,312) Other comprehensive income (loss) before reclassifications 9,832 (36,091) — (122,122) (148,381) Reclassifications into earnings (417) (57) 23,714 — 23,240 Net other comprehensive income (loss) 9,415 (36,148) 23,714 (122,122) (125,141) Balance at September 30, 2022 $ 13,218 $ (42,397) $ (732,925) $ (143,349) $ (905,453) 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)

Supplemental Financial Statemen

Supplemental Financial Statement Information	9 Months Ended
	Sep. 30, 2022
Other Income and Expenses [Abstract]
Supplemental Financial Statement Information	Supplemental Financial Statement Information Activity in the allowance for credit losses on accounts receivables and other assets is presented below. See Note 7 for information regarding the allowance for credit losses on finance receivables. Nine Months Ended September 30, 2022 2021 Balance at beginning of year $ 29,179 $ 35,344 Amounts charged to expense 5,361 6,388 Write-offs, recoveries and other (28,110) (11,677) Balance at end of period $ 6,430 $ 30,055 Accounts and other receivables $ 5,910 $ 11,807 Other assets 520 18,248 Total $ 6,430 $ 30,055 Other (income) expense consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Loss on debt redemption/refinancing $ — $ 3,193 $ 4,993 $ 55,576 Insurance proceeds — — — (3,000) Gain on sale of businesses, including transaction costs (8,398) — (10,920) (10,201) Gain on sale of assets — — (14,372) (1,434) Other (income) expense $ (8,398) $ 3,193 $ (20,299) $ 40,941 Other income for the third quarter of 2022 includes a $4 million gain from the sale of Borderfree and a $4 million gain from the receipt of deferred proceeds related to the 2021 sale of a business (see Note 7). In 2022, we also received proceeds of $9 million related to the 2019 sale of a business and recognized a gain of $3 million, received proceeds of $51 million from the sale and leaseback of our Shelton, Connecticut office building, and recognized a gain of $14 million and recognized a loss of $5 million on the early redemption of debt. Supplemental cash flow information is as follows: Nine Months Ended September 30, 2022 2021 Cash interest paid $ 114,752 $ 106,942 Cash income tax payments, net of refunds $ 16,533 $ 2,451 Noncash activity Capital assets obtained under capital lease obligations $ 21,665 $ 25,882

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounting Pronouncements Not Yet Adopted	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. In March 2022, the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures,

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 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 $ 354,326 $ 144,824 $ 19,255 $ 518,405 $ — $ 518,405 Support services — — 107,642 107,642 — 107,642 Financing — — — — 67,757 67,757 Equipment sales — — 20,389 20,389 63,139 83,528 Supplies — — 37,455 37,455 — 37,455 Rentals — — — — 16,127 16,127 Subtotal 354,326 144,824 184,741 683,891 $ 147,023 $ 830,914 Revenue from leasing transactions and financing — — 147,023 147,023 Total revenue $ 354,326 $ 144,824 $ 331,764 $ 830,914 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 76,667 $ 76,667 Products/services transferred over time 354,326 144,824 108,074 607,224 Total $ 354,326 $ 144,824 $ 184,741 $ 683,891 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 — — 147,352 147,352 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 Nine Months Ended September 30, 2022 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 $ 1,166,623 $ 444,302 $ 56,342 $ 1,667,267 $ — $ 1,667,267 Support services — — 325,619 325,619 — 325,619 Financing — — — — 207,084 207,084 Equipment sales — — 63,088 63,088 199,722 262,810 Supplies — — 116,761 116,761 — 116,761 Rentals — — — — 49,810 49,810 Subtotal 1,166,623 444,302 561,810 2,172,735 $ 456,616 $ 2,629,351 Revenue from leasing transactions and financing — — 456,616 456,616 Total revenue $ 1,166,623 $ 444,302 $ 1,018,426 $ 2,629,351 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 231,194 $ 231,194 Products/services transferred over time 1,166,623 444,302 330,616 1,941,541 Total $ 1,166,623 $ 444,302 $ 561,810 $ 2,172,735 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 — — 468,033 468,033 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
Contract Assets and Advance Billings	Advance Billings from Contracts with Customers Balance sheet location September 30, 2022 December 31, 2021 Increase/ (decrease) Advance billings, current Advance billings $ 86,648 $ 92,926 $ (6,278) Advance billings, noncurrent Other noncurrent liabilities $ 931 $ 1,109 $ (178)
Future Performance Obligations	The transaction prices allocated to future performance obligations will be recognized as follows: Remainder of 2022 2023 2024-2027 Total SendTech Solutions $ 75,374 $ 241,706 $ 359,275 $ 676,355

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated Statements	The following tables provide information about our reportable segments and a reconciliation of segment EBIT to net income (loss). Revenue Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Global Ecommerce $ 354,326 $ 398,011 $ 1,166,623 $ 1,229,526 Presort Services 144,824 139,296 444,302 417,041 SendTech Solutions 331,764 338,142 1,018,426 1,043,282 Total revenue $ 830,914 $ 875,449 $ 2,629,351 $ 2,689,849
Reconciliation of EBIT from Segments to Consolidated	EBIT Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Global Ecommerce $ (34,881) $ (20,950) $ (77,402) $ (58,157) Presort Services 20,561 21,062 53,044 56,247 SendTech Solutions 95,234 98,950 295,374 320,541 Total segment EBIT 80,914 99,062 271,016 318,631 Reconciliation of Segment EBIT to net income (loss): Unallocated corporate expenses (42,908) (49,176) (141,537) (162,957) Restructuring charges (4,264) (3,701) (12,672) (11,434) Interest expense, net (37,377) (36,022) (104,643) (109,185) Loss on debt redemption/refinancing — (3,193) (4,993) (55,576) Gain on sale of businesses, including transaction costs 13,764 — 10,920 10,201 Gain on sale of assets — — 14,372 1,434 (Provision) benefit for income taxes (4,642) 1,525 (1,819) 10,602 Income from continuing operations 5,487 8,495 30,644 1,716 Income (loss) from discontinued operations, net of tax — 572 — (4,334) Net income (loss) $ 5,487 $ 9,067 $ 30,644 $ (2,618)

Earnings per Share (EPS) (Table

Earnings per Share (EPS) (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Calculation of Numerator and Denominator in Earnings Per Share	The calculation of basic and diluted earnings per share is presented below. The sum of the earnings per share amounts may not equal the totals due to rounding. Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Numerator: Income from continuing operations $ 5,487 $ 8,495 $ 30,644 $ 1,716 Income (loss) from discontinued operations, net of tax — 572 — (4,334) Net income (loss) $ 5,487 $ 9,067 $ 30,644 $ (2,618) Denominator: Weighted-average shares used in basic EPS 173,847 174,399 173,881 173,691 Dilutive effect of common stock equivalents 3,119 5,010 3,537 5,258 Weighted-average shares used in diluted EPS 176,966 179,409 177,418 178,949 Basic earnings (loss) per share: Continuing operations $ 0.03 $ 0.05 $ 0.18 $ 0.01 Discontinued operations — — — (0.02) Net income (loss) $ 0.03 $ 0.05 $ 0.18 $ (0.02) Diluted earnings (loss) per share: Continuing operations $ 0.03 $ 0.05 $ 0.17 $ 0.01 Discontinued operations — — — (0.02) Net income (loss) $ 0.03 $ 0.05 $ 0.17 $ (0.02) Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive: 13,967 6,529 9,573 6,529

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2022
Inventory Disclosure [Abstract]
Inventory Components	Inventories consisted of the following: September 30, December 31, Raw materials $ 28,763 $ 22,352 Supplies and service parts 28,272 26,076 Finished products 32,911 30,160 Total inventory, net $ 89,946 $ 78,588

Finance Assets and Lessor Ope_2

Finance Assets and Lessor Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Receivables [Abstract]
Financing Receivables	Finance receivables consisted of the following: September 30, 2022 December 31, 2021 North America International Total North America International Total Sales-type lease receivables Gross finance receivables $ 958,672 $ 143,949 $ 1,102,621 $ 958,440 $ 187,831 $ 1,146,271 Unguaranteed residual values 38,775 8,452 47,227 37,896 10,717 48,613 Unearned income (237,090) (44,762) (281,852) (246,381) (56,643) (303,024) Allowance for credit losses (15,178) (2,294) (17,472) (19,546) (3,246) (22,792) Net investment in sales-type lease receivables 745,179 105,345 850,524 730,409 138,659 869,068 Loan receivables Loan receivables 284,851 17,392 302,243 262,310 20,155 282,465 Allowance for credit losses (3,940) (153) (4,093) (3,259) (167) (3,426) Net investment in loan receivables 280,911 17,239 298,150 259,051 19,988 279,039 Net investment in finance receivables $ 1,026,090 $ 122,584 $ 1,148,674 $ 989,460 $ 158,647 $ 1,148,107
Sales-type Lease Maturity	Maturities of gross finance receivables at September 30, 2022 were as follows: Sales-type Lease Receivables Loan Receivables North America International Total North America International Total Remainder 2022 $ 99,920 $ 35,447 $ 135,367 $ 218,060 $ 17,392 $ 235,452 2023 344,805 45,106 389,911 24,440 — 24,440 2024 248,361 29,764 278,125 19,163 — 19,163 2025 157,126 17,153 174,279 13,728 — 13,728 2026 84,395 8,005 92,400 6,738 — 6,738 Thereafter 24,065 8,474 32,539 2,722 — 2,722 Total $ 958,672 $ 143,949 $ 1,102,621 $ 284,851 $ 17,392 $ 302,243
Loan Receivable Maturity	Maturities of gross finance receivables at September 30, 2022 were as follows: Sales-type Lease Receivables Loan Receivables North America International Total North America International Total Remainder 2022 $ 99,920 $ 35,447 $ 135,367 $ 218,060 $ 17,392 $ 235,452 2023 344,805 45,106 389,911 24,440 — 24,440 2024 248,361 29,764 278,125 19,163 — 19,163 2025 157,126 17,153 174,279 13,728 — 13,728 2026 84,395 8,005 92,400 6,738 — 6,738 Thereafter 24,065 8,474 32,539 2,722 — 2,722 Total $ 958,672 $ 143,949 $ 1,102,621 $ 284,851 $ 17,392 $ 302,243
Past Due Financing Receivables	The aging of gross finance receivables was as follows: September 30, 2022 Sales-type Lease Receivables Loan Receivables North International North International Total Past due amounts 0 - 90 days $ 951,668 $ 141,685 $ 279,381 $ 17,292 $ 1,390,026 Past due amounts > 90 days 7,004 2,264 5,470 100 14,838 Total $ 958,672 $ 143,949 $ 284,851 $ 17,392 $ 1,404,864 Past due amounts > 90 days Still accruing interest $ 3,450 $ 460 $ — $ — $ 3,910 Not accruing interest 3,554 1,804 5,470 100 10,928 Total $ 7,004 $ 2,264 $ 5,470 $ 100 $ 14,838 December 31, 2021 Sales-type Lease Receivables Loan Receivables North International North International Total Past due amounts 0 - 90 days $ 950,138 $ 185,057 $ 258,514 $ 20,018 $ 1,413,727 Past due amounts > 90 days 8,302 2,774 3,796 137 15,009 Total $ 958,440 $ 187,831 $ 262,310 $ 20,155 $ 1,428,736 Past due amounts > 90 days Still accruing interest $ 4,964 $ 682 $ — $ — $ 5,646 Not accruing interest 3,338 2,092 3,796 137 9,363 Total $ 8,302 $ 2,774 $ 3,796 $ 137 $ 15,009
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, 2022 $ 19,546 $ 3,246 $ 3,259 $ 167 $ 26,218 Amounts charged to expense (1,913) 189 2,459 259 994 Write-offs (4,625) (587) (3,684) (212) (9,108) Recoveries 2,273 35 1,916 1 4,225 Other (103) (589) (10) (62) (764) Balance at September 30, 2022 $ 15,178 $ 2,294 $ 3,940 $ 153 $ 21,565 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
Financing Receivable Credit Quality Indicators	The table below shows gross finance receivables by relative risk class and year of origination based on the relative scores of the accounts within each class. September 30, 2022 Sales Type Lease Receivables Loan Receivables Total 2022 2021 2020 2019 2018 Prior Low $ 223,341 $ 221,574 $ 154,974 $ 111,735 $ 45,866 $ 18,304 $ 209,962 $ 985,756 Medium 40,718 40,787 27,057 22,799 10,015 3,925 60,906 206,207 High 4,511 4,079 3,162 2,108 1,171 618 5,206 20,855 Not Scored 47,544 54,868 31,463 22,411 8,905 686 26,169 192,046 Total $ 316,114 $ 321,308 $ 216,656 $ 159,053 $ 65,957 $ 23,533 $ 302,243 $ 1,404,864 December 31, 2021 Sales Type Lease Receivables Loan Receivables Total 2021 2020 2019 2018 2017 Prior Low $ 274,191 $ 195,421 $ 162,479 $ 95,661 $ 33,698 $ 14,862 $ 192,161 $ 968,473 Medium 43,403 34,955 31,038 17,895 6,981 3,619 55,708 193,599 High 5,474 5,017 4,044 2,708 849 889 4,822 23,803 Not Scored 45,644 54,097 47,973 33,998 19,161 12,214 29,774 242,861 Total $ 368,712 $ 289,490 $ 245,534 $ 150,262 $ 60,689 $ 31,584 $ 282,465 $ 1,428,736
Sales-type Lease, Lease Income	Lease income from sales-type leases, excluding variable lease payments, was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Profit recognized at commencement $ 31,576 $ 28,394 $ 100,951 $ 92,756 Interest income 40,480 45,806 123,783 142,072 Total lease income from sales-type leases $ 72,056 $ 74,200 $ 224,734 $ 234,828
Lessor, Payments to be Received	Maturities of these operating leases are as follows: Remainder 2022 $ 8,884 2023 20,926 2024 17,478 2025 9,296 2026 3,028 Thereafter 935 Total $ 60,547

Acquisition, Divestiture, Int_2

Acquisition, Divestiture, Intangible Assets and Goodwill (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets consisted of the following: September 30, 2022 December 31, 2021 Gross Accumulated Net Gross Accumulated Net Customer relationships $ 153,436 $ (76,408) $ 77,028 $ 268,187 $ (141,492) $ 126,695 Software & technology 21,798 (19,427) 2,371 21,981 (16,234) 5,747 Total intangible assets $ 175,234 $ (95,835) $ 79,399 $ 290,168 $ (157,726) $ 132,442
Amortization Expense In Future Periods	Future amortization expense as of September 30, 2022 is shown in the table below. Actual amortization expense may differ due to, among other things, fluctuations in foreign currency exchange rates, acquisitions, divestitures and impairment charges. Remainder 2022 $ 3,854 2023 15,416 2024 15,416 2025 15,212 2026 14,223 Thereafter 15,278 Total $ 79,399
Schedule of Goodwill	Changes in the carrying value of goodwill by reporting segment are shown in the table below. December 31, 2021 Disposition Currency impact September 30, Global Ecommerce $ 395,062 $ (55,878) $ — $ 339,184 Presort Services 220,992 — — 220,992 SendTech Solutions 519,049 — (33,285) 485,764 Total goodwill $ 1,135,103 $ (55,878) $ (33,285) $ 1,045,940

Fair Value Measurements and D_2

Fair Value Measurements and Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds $ 24,250 $ 164,584 $ — $ 188,834 Equity securities — 14,426 — 14,426 Commingled fixed income securities 1,509 7,784 — 9,293 Government and related securities 8,665 18,249 — 26,914 Corporate debt securities — 51,081 — 51,081 Mortgage-backed / asset-backed securities — 128,606 — 128,606 Derivatives Interest rate swap — 15,966 — 15,966 Foreign exchange contracts — 7,302 — 7,302 Total assets $ 34,424 $ 407,998 $ — $ 442,422 Liabilities: Derivatives Foreign exchange contracts $ — $ (2,810) $ — $ (2,810) Total liabilities $ — $ (2,810) $ — $ (2,810) December 31, 2021 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds $ 88,705 $ 338,043 $ — $ 426,748 Equity securities — 29,356 — 29,356 Commingled fixed income securities 1,692 16,815 — 18,507 Government and related securities 9,790 25,439 — 35,229 Corporate debt securities — 65,167 — 65,167 Mortgage-backed / asset-backed securities — 172,018 — 172,018 Derivatives Interest rate swap — 3,103 — 3,103 Foreign exchange contracts — 2,474 — 2,474 Total assets $ 100,187 $ 652,415 $ — $ 752,602 Liabilities: Derivatives Foreign exchange contracts $ — $ (304) $ — $ (304) Total liabilities $ — $ (304) $ — $ (304)
Schedule of Available-for-sale Securities Reconciliation	Available-for-sale securities consisted of the following: September 30, 2022 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 35,855 $ 12 $ (8,953) $ 26,914 Corporate debt securities 66,657 — (15,576) 51,081 Commingled fixed income securities 1,742 — (233) 1,509 Mortgage-backed / asset-backed securities 159,475 — (30,869) 128,606 Total $ 263,729 $ 12 $ (55,631) $ 208,110 December 31, 2021 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 36,160 $ 81 $ (1,012) $ 35,229 Corporate debt securities 67,906 259 (2,998) 65,167 Commingled fixed income securities 1,725 — (33) 1,692 Mortgage-backed / asset-backed securities 176,559 144 (4,685) 172,018 Total $ 282,350 $ 484 $ (8,728) $ 274,106
Schedule of Unrealized Holding Losses	Investment securities in a loss position were as follows: September 30, 2022 December 31, 2021 Fair Value Gross unrealized losses Fair Value Gross unrealized losses Greater than 12 continuous months Government and related securities $ 16,937 $ 2,930 $ 16,018 $ 579 Corporate debt securities 47,386 15,261 51,385 2,658 Commingled fixed income securities — — — — Mortgage-backed / asset-backed securities 115,616 29,384 135,441 4,057 Total $ 179,939 $ 47,575 $ 202,844 $ 7,294 Less than 12 continuous months Government and related securities $ 9,530 $ 6,023 $ 15,438 $ 433 Corporate debt securities 3,686 315 8,859 339 Commingled fixed income securities 1,509 233 1,692 33 Mortgage-backed / asset-backed securities 12,990 1,485 30,754 629 Total $ 27,715 $ 8,056 $ 56,743 $ 1,434
Available-for-sale Securities	Scheduled maturities of available-for-sale securities at September 30, 2022 were as follows: Amortized cost Estimated fair value Within 1 year $ 2,295 $ 2,058 After 1 year through 5 years 15,812 14,116 After 5 years through 10 years 72,928 57,703 After 10 years 172,694 134,233 Total $ 263,729 $ 208,110
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 $ 125 $ 21 Accounts payable and accrued liabilities — (10) Interest rate swaps Other assets 15,966 3,103 Derivatives not designated as Foreign exchange contracts Other current assets and prepayments 7,177 2,453 Accounts payable and accrued liabilities (2,810) (294) Total derivative assets $ 23,268 $ 5,577 Total derivative liabilities (2,810) (304) Total net derivative asset $ 20,458 $ 5,273
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 2022 2021 2022 2021 Foreign exchange contracts $ 134 $ 41 Revenue $ — $ 45 Cost of sales 80 (21) Interest rate swap 3,936 186 Interest expense 137 — $ 4,070 $ 227 $ 217 $ 24 Nine Months Ended September 30, Derivative Gain (Loss) Location of Gain (Loss) Gain (Loss) Reclassified Derivative Instrument 2022 2021 2022 2021 Foreign exchange contracts $ 257 $ 215 Revenue $ — $ 289 Cost of sales 143 (126) Interest rate swap 12,863 2,794 Interest expense 412 — $ 13,120 $ 3,009 $ 555 $ 163
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The impact on earnings from the change in fair value of these foreign exchange contracts, exclusive of the corresponding impact on earnings from the revaluation of the intercompany loans and related interest, was as follows: Three Months Ended September 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2022 2021 Foreign exchange contracts Selling, general and administrative expense $ (24,116) $ (5,592) Nine Months Ended September 30, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2022 2021 Foreign exchange contracts Selling, general and administrative expense $ (45,299) $ (4,524)
Fair Value, by Balance Sheet Grouping	The carrying value and estimated fair value of debt was as follows: September 30, 2022 December 31, 2021 Carrying value $ 2,216,699 $ 2,323,838 Fair value $ 1,732,053 $ 2,355,894

Restructuring Charges (Tables)

Restructuring Charges (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 $ 5,747 Amounts charged to expense 12,672 Cash payments (11,761) Noncash activity (1,378) Balance at September 30, 2022 $ 5,280 Balance at January 1, 2021 $ 10,063 Amounts charged to expense 11,434 Cash payments (14,847) Noncash activity (541) Balance at September 30, 2021 $ 6,109

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt	Total debt consisted of the following: Interest rate September 30, 2022 December 31, 2021 Notes due April 2023 6.20% — 90,259 Notes due March 2024 4.625% 238,449 242,603 Term loan due March 2026 LIBOR + 1.75% 356,250 370,500 Notes due March 2027 6.875% 400,000 400,000 Term loan due March 2028 LIBOR + 4.0% 443,250 446,625 Notes due March 2029 7.25% 350,000 350,000 Notes due January 2037 5.25% 35,841 35,841 Notes due March 2043 6.70% 425,000 425,000 Other debt 2,758 3,685 Principal amount 2,251,548 2,364,513 Less: unamortized costs, net 34,849 40,675 Total debt 2,216,699 2,323,838 Less: current portion long-term debt 27,133 24,739 Long-term debt $ 2,189,566 $ 2,299,099

Pensions and Other Benefit Pr_2

Pensions and Other Benefit Programs (Tables)	9 Months Ended
	Sep. 30, 2022
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures	The components of net periodic benefit cost were as follows: Defined Benefit Pension Plans Nonpension Postretirement Benefit Plans United States Foreign Three Months Ended Three Months Ended Three Months Ended September 30, September 30, September 30, 2022 2021 2022 2021 2022 2021 Service cost $ 14 $ 64 $ 291 $ 346 $ 191 $ 232 Interest cost 11,072 10,353 3,270 2,961 884 891 Expected return on plan assets (17,586) (18,883) (6,423) (7,979) — — Amortization of prior service (credit) cost (11) (15) 60 67 — 32 Amortization of net actuarial loss 8,317 9,366 1,625 2,340 (131) 913 Settlement 350 — — — — — Net periodic benefit cost (income) $ 2,156 $ 885 $ (1,177) $ (2,265) $ 944 $ 2,068 Contributions to benefit plans $ 2,103 $ 1,161 $ 348 $ 355 $ 2,401 $ 2,642 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, 2022 2021 2022 2021 2022 2021 Service cost $ 62 $ 195 $ 978 $ 1,055 $ 549 $ 682 Interest cost 33,354 31,842 10,354 8,929 2,763 2,816 Expected return on plan assets (53,311) (57,839) (20,437) (24,070) — — Amortization of prior service (credit) cost (33) (45) 192 202 — 97 Amortization of net actuarial loss 24,781 28,643 5,172 7,065 44 3,068 Settlement 350 314 — — — — Net periodic benefit cost (income) $ 5,203 $ 3,110 $ (3,741) $ (6,819) $ 3,356 $ 6,663 Contributions to benefit plans $ 4,401 $ 4,020 $ 8,961 $ 9,379 $ 10,049 $ 9,542

Stockholders_ (Deficit) Equity

Stockholders’ (Deficit) Equity (Tables)	9 Months Ended
	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity	Changes in stockholders’ (deficit) equity were as follows: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total (deficit) equity Balance at July 1, 2022 $ 323,338 $ — $ 5,137,248 $ (850,053) $ (4,566,379) $ 44,154 Net income — — 5,487 — — 5,487 Other comprehensive loss — — — (55,400) — (55,400) Dividends paid ($0.05 per common share) — — (8,700) — — (8,700) Issuance of common stock — (5,371) (6,005) — 12,188 812 Stock-based compensation expense — 5,371 — — — 5,371 Balance at September 30, 2022 $ 323,338 $ — $ 5,128,030 $ (905,453) $ (4,554,191) $ (8,276) 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 (deficit) equity Balance at January 1, 2022 $ 323,338 $ 2,485 $ 5,169,270 $ (780,312) $ (4,602,149) $ 112,632 Net income — — 30,644 — — 30,644 Other comprehensive loss — — — (125,141) — (125,141) Dividends paid ($0.15 per common share) — — (26,013) — — (26,013) Issuance of common stock — (17,722) (45,871) — 61,404 (2,189) Stock-based compensation expense — 15,237 — — — 15,237 Repurchase of common stock — — — — (13,446) (13,446) Balance at September 30, 2022 $ 323,338 $ — $ 5,128,030 $ (905,453) $ (4,554,191) $ (8,276) 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

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 2021 2022 2021 Cash flow hedges Revenue $ — $ 45 $ — $ 289 Cost of sales 80 (21) 143 (126) Interest expense, net 137 (133) 412 (229) Total before tax 217 (109) 555 (66) Income tax provision (benefit) 54 (28) 138 (17) Net of tax $ 163 $ (81) $ 417 $ (49) Available-for-sale securities Financing revenue $ (3) $ (2) $ (9) $ (2) Selling, general and administrative expense 64 (183) 86 76 Total before tax 61 (185) 77 74 Income tax provision (benefit) 15 (45) 20 19 Net of tax $ 46 $ (140) $ 57 $ 55 Pension and postretirement benefit plans Prior service costs (49) (84) $ (159) $ (254) Actuarial losses (9,811) (12,619) (29,997) (38,776) Settlement (350) — (350) (314) Total before tax (10,210) (12,703) (30,506) (39,344) Income tax benefit (2,461) (3,097) (6,792) (9,608) Net of tax $ (7,749) $ (9,606) $ (23,714) $ (29,736)
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, 2022 $ 3,803 $ (6,249) $ (756,639) $ (21,227) $ (780,312) Other comprehensive income (loss) before reclassifications 9,832 (36,091) — (122,122) (148,381) Reclassifications into earnings (417) (57) 23,714 — 23,240 Net other comprehensive income (loss) 9,415 (36,148) 23,714 (122,122) (125,141) Balance at September 30, 2022 $ 13,218 $ (42,397) $ (732,925) $ (143,349) $ (905,453) 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)

Supplemental Financial Statem_2

Supplemental Financial Statement Information (Tables)	9 Months Ended
	Sep. 30, 2022
Other Income and Expenses [Abstract]
Accounts Receivable, Allowance for Credit Loss	Activity in the allowance for credit losses on accounts receivables and other assets is presented below. See Note 7 for information regarding the allowance for credit losses on finance receivables. Nine Months Ended September 30, 2022 2021 Balance at beginning of year $ 29,179 $ 35,344 Amounts charged to expense 5,361 6,388 Write-offs, recoveries and other (28,110) (11,677) Balance at end of period $ 6,430 $ 30,055 Accounts and other receivables $ 5,910 $ 11,807 Other assets 520 18,248 Total $ 6,430 $ 30,055
Schedule of Other (Income) Expense	Other (income) expense consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Loss on debt redemption/refinancing $ — $ 3,193 $ 4,993 $ 55,576 Insurance proceeds — — — (3,000) Gain on sale of businesses, including transaction costs (8,398) — (10,920) (10,201) Gain on sale of assets — — (14,372) (1,434) Other (income) expense $ (8,398) $ 3,193 $ (20,299) $ 40,941
Schedule of Cash Flow Supplemental Information	Supplemental cash flow information is as follows: Nine Months Ended September 30, 2022 2021 Cash interest paid $ 114,752 $ 106,942 Cash income tax payments, net of refunds $ 16,533 $ 2,451 Noncash activity Capital assets obtained under capital lease obligations $ 21,665 $ 25,882

Description of Business and B_3

Description of Business and Basis of Presentation (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Percent of fortune 500 companies serviced	90%		90%
Revenue	$ 830,914,000	$ 875,449,000	$ 2,629,351,000	$ 2,689,849,000
Pre-tax income	8,398,000	0	10,920,000	10,201,000
Tax charge (benefit) on sale of business			(4,000,000)	$ 6,000,000
Revision of Prior Period, Error Correction, Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Pre-tax income	2,000,000
Tax charge (benefit) on sale of business			$ (3,000,000)
Borderfree Cross-border Ecommerce Solutions
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Revenue	$ 0	$ 14,000,000

Revenue (Disaggregates of Reven

Revenue (Disaggregates of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	$ 830,914	$ 875,449	$ 2,629,351	$ 2,689,849
Total consolidated revenue	830,914	875,449	2,629,351	2,689,849
ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	683,891	728,097	2,172,735	2,221,816
Products/services transferred at a point in time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	76,667	81,205	231,194	236,016
Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	607,224	646,892	1,941,541	1,985,800
Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	683,891	728,097	2,172,735	2,221,816
Revenue from leasing transactions and financing	147,023	147,352	456,616	468,033
Total consolidated revenue	830,914	875,449	2,629,351	2,689,849
Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	518,405	551,384	1,667,267	1,688,860
Revenue from leasing transactions and financing	0	0	0	0
Total consolidated revenue	518,405	551,384	1,667,267	1,688,860
Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	107,642	113,413	325,619	347,266
Revenue from leasing transactions and financing	0	0	0	0
Total consolidated revenue	107,642	113,413	325,619	347,266
Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	67,757	71,936	207,084	223,201
Total consolidated revenue	67,757	71,936	207,084	223,201
Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	20,389	25,089	63,088	66,600
Revenue from leasing transactions and financing	63,139	58,145	199,722	189,704
Total consolidated revenue	83,528	83,234	262,810	256,304
Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	37,455	38,211	116,761	119,090
Revenue from leasing transactions and financing	0	0	0	0
Total consolidated revenue	37,455	38,211	116,761	119,090
Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
Revenue from leasing transactions and financing	16,127	17,271	49,810	55,128
Total consolidated revenue	16,127	17,271	49,810	55,128
Revenue from leasing transactions and financing
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	147,023	147,352	456,616	468,033
Global Ecommerce
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	354,326	398,011	1,166,623	1,229,526
Global Ecommerce | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	354,326	398,011	1,166,623	1,229,526
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	354,326	398,011	1,166,623	1,229,526
Global Ecommerce | Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	354,326	398,011	1,166,623	1,229,526
Global Ecommerce | Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	354,326	398,011	1,166,623	1,229,526
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
Global Ecommerce | Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	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
Global Ecommerce | Revenue from leasing transactions and financing
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	0	0	0	0
Presort Services
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	144,824	139,296	444,302	417,041
Presort Services | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	144,824	139,296	444,302	417,041
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	144,824	139,296	444,302	417,041
Presort Services | Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	144,824	139,296	444,302	417,041
Presort Services | Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	144,824	139,296	444,302	417,041
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
Presort Services | Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	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
Presort Services | Revenue from leasing transactions and financing
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	0	0	0	0
SendTech Solutions
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	331,764	338,142	1,018,426	1,043,282
SendTech Solutions | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	184,741	190,790	561,810	575,249
SendTech Solutions | Products/services transferred at a point in time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	76,667	81,205	231,194	236,016
SendTech Solutions | Products/services transferred over time | ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	108,074	109,585	330,616	339,233
SendTech Solutions | Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	184,741	190,790	561,810	575,249
SendTech Solutions | Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	19,255	14,077	56,342	42,293
SendTech Solutions | Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	107,642	113,413	325,619	347,266
SendTech Solutions | Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
SendTech Solutions | Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	20,389	25,089	63,088	66,600
SendTech Solutions | Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	37,455	38,211	116,761	119,090
SendTech Solutions | Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0	0	0
SendTech Solutions | Revenue from leasing transactions and financing
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	$ 147,023	$ 147,352	$ 456,616	$ 468,033

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Advanced billings, revenue recognized	$ 89
Lease transactions	$ 7	$ 6
Expected timing of satisfaction period, not included	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, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Advance billings, current	$ 86,648	$ 92,926
Advance billings, noncurrent	931	$ 1,109
Increase/ (decrease)
Advance billings, current	(6,278)
Advance billings, noncurrent	$ (178)

Revenue (Future Performance Obl

Revenue (Future Performance Obligations) (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Future performance obligations	$ 676,355
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Future performance obligations	$ 75,374
Expected timing of satisfaction period	3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Future performance obligations	$ 241,706
Expected timing of satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Future performance obligations	$ 359,275
Expected timing of satisfaction period	3 years

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment reporting information profit (loss)
Revenue	$ 830,914	$ 875,449	$ 2,629,351	$ 2,689,849
Reconciliation of Segment EBIT to net income (loss):
Interest expense, net	(23,685)	(24,312)	(66,816)	(73,816)
Loss on debt redemption/refinancing	0	(3,193)	(4,993)	(55,576)
Gain on sale of businesses, including transaction costs	8,398	0	10,920	10,201
Gain on sale of assets	0	0	14,372	1,434
(Provision) benefit for income taxes	(4,642)	1,525	(1,819)	10,602
Income from continuing operations	5,487	8,495	30,644	1,716
Income (loss) from discontinued operations, net of tax	0	572	0	(4,334)
Net income (loss)	5,487	9,067	30,644	(2,618)
Operating Segments
Segment reporting information profit (loss)
EBIT	80,914	99,062	271,016	318,631
Segment Reconciling Items
Reconciliation of Segment EBIT to net income (loss):
Unallocated corporate expenses	(42,908)	(49,176)	(141,537)	(162,957)
Restructuring charges	(4,264)	(3,701)	(12,672)	(11,434)
Interest expense, net	(37,377)	(36,022)	(104,643)	(109,185)
Loss on debt redemption/refinancing	0	(3,193)	(4,993)	(55,576)
Gain on sale of businesses, including transaction costs	13,764	0	10,920	10,201
Gain on sale of assets	0	0	14,372	1,434
(Provision) benefit for income taxes	(4,642)	1,525	(1,819)	10,602
Global Ecommerce
Reconciliation of Segment EBIT to net income (loss):
Increase (decrease) in transportation costs	3,000		9,000
Presort Services
Reconciliation of Segment EBIT to net income (loss):
Increase (decrease) in transportation costs	(3,000)		(9,000)
Digital Commerce Solutions | Global Ecommerce
Segment reporting information profit (loss)
Revenue from contracts with customers	354,326	398,011	1,166,623	1,229,526
EBIT	(34,881)	(20,950)	(77,402)	(58,157)
Digital Commerce Solutions | Presort Services
Segment reporting information profit (loss)
Revenue from contracts with customers	144,824	139,296	444,302	417,041
EBIT	20,561	21,062	53,044	56,247
SendTech Solutions
Segment reporting information profit (loss)
Revenue from contracts with customers	331,764	338,142	1,018,426	1,043,282
SendTech Solutions | Operating Segments
Segment reporting information profit (loss)
EBIT	$ 95,234	$ 98,950	$ 295,374	$ 320,541

Earnings per Share (EPS) (Detai

Earnings per Share (EPS) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Income from continuing operations		$ 5,487	$ 8,495	$ 30,644	$ 1,716
Income (loss) from discontinued operations, net of tax		0	572	0	(4,334)
Net income (loss)		$ 5,487	$ 9,067	$ 30,644	$ (2,618)
Denominator:
Weighted-average shares used in basic EPS (in shares)		173,847	174,399	173,881	173,691
Dilutive effect of common stock equivalents (in shares)		3,119	5,010	3,537	5,258
Weighted-average shares used in diluted EPS (in shares)		176,966	179,409	177,418	178,949
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	$ 0.03	$ 0.05	$ 0.18	$ 0.01
Discontinued operations (in dollars per share)	[1]	0	0	0	(0.02)
Net income (loss) (in dollars per share)	[1]	0.03	0.05	0.18	(0.02)
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	0.03	0.05	0.17	0.01
Discontinued operations (in dollars per share)	[1]	0	0	0	(0.02)
Net income (loss) (in dollars per share)	[1]	$ 0.03	$ 0.05	$ 0.17	$ (0.02)
Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive (in shares)		13,967	6,529	9,573	6,529
[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, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 28,763	$ 22,352
Supplies and service parts	28,272	26,076
Finished products	32,911	30,160
Total inventory, net	$ 89,946	$ 78,588

Finance Assets and Lessor Ope_3

Finance Assets and Lessor Operating Leases (Finance Receivables) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	$ (21,565)	$ (26,218)	$ (29,907)	$ (35,869)
Net investment in receivables	1,148,674	1,148,107
North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net investment in receivables	1,026,090	989,460
International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net investment in receivables	122,584	158,647
Sales-type lease receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	1,102,621	1,146,271
Unguaranteed residual values	47,227	48,613
Unearned income	(281,852)	(303,024)
Allowance for credit losses	(17,472)	(22,792)
Net investment in receivables	850,524	869,068
Sales-type lease receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	958,672	958,440
Unguaranteed residual values	38,775	37,896
Unearned income	(237,090)	(246,381)
Allowance for credit losses	(15,178)	(19,546)	(22,321)	(22,917)
Net investment in receivables	745,179	730,409
Sales-type lease receivables | International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	143,949	187,831
Unguaranteed residual values	8,452	10,717
Unearned income	(44,762)	(56,643)
Allowance for credit losses	(2,294)	(3,246)	(3,977)	(6,006)
Net investment in receivables	105,345	138,659
Loan receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	302,243	282,465
Allowance for credit losses	(4,093)	(3,426)
Net investment in receivables	298,150	279,039
Loan receivables | North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	284,851	262,310
Allowance for credit losses	(3,940)	(3,259)	(3,373)	(6,484)
Net investment in receivables	280,911	259,051
Loan receivables | International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	17,392	20,155
Allowance for credit losses	(153)	(167)	$ (236)	$ (462)
Net investment in receivables	$ 17,239	$ 19,988
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, 2022 USD ($)
Sales-type Lease Receivables
Remainder 2022	$ 135,367
2023	389,911
2024	278,125
2025	174,279
2026	92,400
Thereafter	32,539
Total	1,102,621
Loan Receivables
Remainder 2022	235,452
2023	24,440
2024	19,163
2025	13,728
2026	6,738
Thereafter	2,722
Total	302,243
North America
Sales-type Lease Receivables
Remainder 2022	99,920
2023	344,805
2024	248,361
2025	157,126
2026	84,395
Thereafter	24,065
Total	958,672
Loan Receivables
Remainder 2022	218,060
2023	24,440
2024	19,163
2025	13,728
2026	6,738
Thereafter	2,722
Total	284,851
International
Sales-type Lease Receivables
Remainder 2022	35,447
2023	45,106
2024	29,764
2025	17,153
2026	8,005
Thereafter	8,474
Total	143,949
Loan Receivables
Remainder 2022	17,392
2023	0
2024	0
2025	0
2026	0
Thereafter	0
Total	$ 17,392

Finance Assets and Lessor Ope_5

Finance Assets and Lessor Operating Leases (Aging of Receivables) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Total	$ 1,404,864	$ 1,428,736
Still accruing interest	3,910	5,646
Not accruing interest	10,928	9,363
Total	14,838	15,009
0 - 90 days
Financing Receivable, Past Due [Line Items]
Total	1,390,026	1,413,727
Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	14,838	15,009
Sales-type lease receivables | North America
Financing Receivable, Past Due [Line Items]
Total	958,672	958,440
Still accruing interest	3,450	4,964
Not accruing interest	3,554	3,338
Total	7,004	8,302
Sales-type lease receivables | North America | 0 - 90 days
Financing Receivable, Past Due [Line Items]
Total	951,668	950,138
Sales-type lease receivables | North America | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	7,004	8,302
Sales-type lease receivables | International
Financing Receivable, Past Due [Line Items]
Total	143,949	187,831
Still accruing interest	460	682
Not accruing interest	1,804	2,092
Total	2,264	2,774
Sales-type lease receivables | International | 0 - 90 days
Financing Receivable, Past Due [Line Items]
Total	141,685	185,057
Sales-type lease receivables | International | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	2,264	2,774
Loan receivables
Financing Receivable, Past Due [Line Items]
Total	302,243	282,465
Loan receivables | North America
Financing Receivable, Past Due [Line Items]
Total	284,851	262,310
Still accruing interest	0	0
Not accruing interest	5,470	3,796
Total	5,470	3,796
Loan receivables | North America | 0 - 90 days
Financing Receivable, Past Due [Line Items]
Total	279,381	258,514
Loan receivables | North America | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	5,470	3,796
Loan receivables | International
Financing Receivable, Past Due [Line Items]
Total	17,392	20,155
Still accruing interest	0	0
Not accruing interest	100	137
Total	100	137
Loan receivables | International | 0 - 90 days
Financing Receivable, Past Due [Line Items]
Total	17,292	20,018
Loan receivables | International | Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	$ 100	$ 137

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, 2022	Sep. 30, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Revenue recognition resume period (less than)	60 days
Allowance for Credit Losses
Beginning Balance	$ 26,218	$ 35,869
Amounts charged to expense	994	(6)
Write-offs	(9,108)	(10,588)
Recoveries	4,225	4,858
Other	(764)	(226)
Ending Balance	$ 21,565	29,907
Sales-type lease receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Revenue recognition discontinuation period (greater than)	120 days
Allowance for Credit Losses
Beginning Balance	$ 22,792
Ending Balance	17,472
Sales-type lease receivables | North America
Allowance for Credit Losses
Beginning Balance	19,546	22,917
Amounts charged to expense	(1,913)	1,959
Write-offs	(4,625)	(4,816)
Recoveries	2,273	2,256
Other	(103)	5
Ending Balance	15,178	22,321
Sales-type lease receivables | International
Allowance for Credit Losses
Beginning Balance	3,246	6,006
Amounts charged to expense	189	(1,019)
Write-offs	(587)	(773)
Recoveries	35	(16)
Other	(589)	(221)
Ending Balance	$ 2,294	3,977
Loan receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Revenue recognition discontinuation period (greater than)	90 days
Allowance for Credit Losses
Beginning Balance	$ 3,426
Ending Balance	4,093
Loan receivables | North America
Allowance for Credit Losses
Beginning Balance	3,259	6,484
Amounts charged to expense	2,459	(979)
Write-offs	(3,684)	(4,748)
Recoveries	1,916	2,615
Other	(10)	1
Ending Balance	3,940	3,373
Loan receivables | International
Allowance for Credit Losses
Beginning Balance	167	462
Amounts charged to expense	259	33
Write-offs	(212)	(251)
Recoveries	1	3
Other	(62)	(11)
Ending Balance	$ 153	$ 236

Finance Assets and Lessor Ope_7

Finance Assets and Lessor Operating Leases (Credit Quality) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio small dollar applications below thousand	$ 50
Total	$ 1,404,864	$ 1,428,736
Low
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	5%
Total	$ 985,756	968,473
Medium
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 206,207	193,599
Medium | Minimum
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	5%
Medium | Maximum
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	10%
High
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	10%
Total	$ 20,855	23,803
Not Scored
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 192,046	242,861
Not Scored | Financing Receivable | Geographic Concentration Risk
Financing Receivable, Credit Quality Indicator [Line Items]
Concentration risk, percentage	15%
North America | Financing Receivable | Geographic Concentration Risk
Financing Receivable, Credit Quality Indicator [Line Items]
Concentration risk, percentage	85%
Sales-type lease receivables
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	$ 316,114	368,712
Year two	321,308	289,490
Year three	216,656	245,534
Year four	159,053	150,262
Year five	65,957	60,689
Prior	23,533	31,584
Sales-type lease receivables | Low
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	223,341	274,191
Year two	221,574	195,421
Year three	154,974	162,479
Year four	111,735	95,661
Year five	45,866	33,698
Prior	18,304	14,862
Sales-type lease receivables | Medium
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	40,718	43,403
Year two	40,787	34,955
Year three	27,057	31,038
Year four	22,799	17,895
Year five	10,015	6,981
Prior	3,925	3,619
Sales-type lease receivables | High
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	4,511	5,474
Year two	4,079	5,017
Year three	3,162	4,044
Year four	2,108	2,708
Year five	1,171	849
Prior	618	889
Sales-type lease receivables | Not Scored
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	47,544	45,644
Year two	54,868	54,097
Year three	31,463	47,973
Year four	22,411	33,998
Year five	8,905	19,161
Prior	686	12,214
Sales-type lease receivables | North America
Financing Receivable, Credit Quality Indicator [Line Items]
Total	958,672	958,440
Loan receivables
Financing Receivable, Credit Quality Indicator [Line Items]
Total	302,243	282,465
Loan receivables | Low
Financing Receivable, Credit Quality Indicator [Line Items]
Total	209,962	192,161
Loan receivables | Medium
Financing Receivable, Credit Quality Indicator [Line Items]
Total	60,906	55,708
Loan receivables | High
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,206	4,822
Loan receivables | Not Scored
Financing Receivable, Credit Quality Indicator [Line Items]
Total	26,169	29,774
Loan receivables | North America
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 284,851	$ 262,310

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, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Receivables [Abstract]
Profit recognized at commencement	$ 31,576	$ 28,394	$ 100,951	$ 92,756
Interest income	40,480	45,806	123,783	142,072
Total lease income from sales-type leases	$ 72,056	$ 74,200	$ 224,734	$ 234,828

Finance Assets and Lessor Ope_9

Finance Assets and Lessor Operating Leases (Operating Leases) (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Lessor, Lease, Description [Line Items]
Remainder 2022	$ 8,884
2023	20,926
2024	17,478
2025	9,296
2026	3,028
Thereafter	935
Total	$ 60,547
Mailing Equipment | Minimum
Lessor, Lease, Description [Line Items]
Term	1 year
Mailing Equipment | Maximum
Lessor, Lease, Description [Line Items]
Term	5 years

Acquisition, Divestiture, Int_3

Acquisition, Divestiture, Intangible Assets and Goodwill (Acquisition/Divestiture Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Business Acquisition [Line Items]
Proceeds from sale of businesses				$ 109,326	$ 27,573
Gain on sale of businesses, including transaction costs	$ 8,398		$ 0	10,920	$ 10,201
Presort Services | Pittsburgh Mailing Systems
Business Acquisition [Line Items]
Payments to acquire business	1,000
Disposed of by Sale | Borderfree Cross-border Ecommerce Solutions
Business Acquisition [Line Items]
Proceeds from sale of businesses		$ 93,000
Gain on sale of businesses, including transaction costs	4,000	$ 4,000		$ 4,000
Disposed of by Sale | 2021 Sale of Business
Business Acquisition [Line Items]
Proceeds from sale of businesses	7,000
Gain on sale of businesses, including transaction costs	$ 4,000

Acquisition, Divestiture, Int_4

Acquisition, Divestiture, Intangible Assets and Goodwill (Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Finite lived intangible assets
Gross Carrying Amount	$ 175,234		$ 175,234		$ 290,168
Accumulated Amortization	(95,835)		(95,835)		(157,726)
Net Carrying Amount	79,399		79,399		132,442
Amortization expense	5,000	$ 8,000	20,000	$ 23,000
Customer relationships
Finite lived intangible assets
Gross Carrying Amount	153,436		153,436		268,187
Accumulated Amortization	(76,408)		(76,408)		(141,492)
Net Carrying Amount	77,028		77,028		126,695
Software & technology
Finite lived intangible assets
Gross Carrying Amount	21,798		21,798		21,981
Accumulated Amortization	(19,427)		(19,427)		(16,234)
Net Carrying Amount	$ 2,371		$ 2,371		$ 5,747

Acquisition, Divestiture, Int_5

Acquisition, Divestiture, Intangible Assets and Goodwill (Future Amortization Expense) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Finite lived intangible assets future amortization expense
Remainder 2022	$ 3,854
2023	15,416
2024	15,416
2025	15,212
2026	14,223
Thereafter	15,278
Net Carrying Amount	$ 79,399	$ 132,442

Acquisition, Divestiture, Int_6

Acquisition, Divestiture, Intangible Assets and Goodwill (Goodwill Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Disposition	$ 55,878
Digital Commerce Solutions | Global Ecommerce
Business Acquisition [Line Items]
Carrying value percentage	20%
Disposition	$ 55,878
Restructuring charges	198,000	$ 198,000
Digital Commerce Solutions | Global Ecommerce | Disposed of by Sale | Borderfree Cross-border Ecommerce Solutions
Business Acquisition [Line Items]
Disposition	$ 56,000

Acquisition, Divestiture, Int_7

Acquisition, Divestiture, Intangible Assets and Goodwill (Goodwill) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Goodwill
Beginning balance	$ 1,135,103
Disposition	(55,878)
Currency impact	(33,285)
Ending balance	1,045,940
Digital Commerce Solutions | Global Ecommerce
Goodwill
Beginning balance	395,062
Disposition	(55,878)
Currency impact	0
Ending balance	339,184
Digital Commerce Solutions | Presort Services
Goodwill
Beginning balance	220,992
Disposition	0
Currency impact	0
Ending balance	220,992
SendTech Solutions
Goodwill
Beginning balance	519,049
Disposition	0
Currency impact	(33,285)
Ending balance	$ 485,764

Fair Value Measurements and D_3

Fair Value Measurements and Derivative Instruments (Assets and Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	$ 208,110	$ 274,106
Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	188,834	426,748
Equity securities	14,426	29,356
Mortgage-backed / asset-backed securities	128,606	172,018
Total assets	442,422	752,602
Total liabilities	(2,810)	(304)
Level 1 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	24,250	88,705
Equity securities	0	0
Mortgage-backed / asset-backed securities	0	0
Total assets	34,424	100,187
Total liabilities	0	0
Level 2 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	164,584	338,043
Equity securities	14,426	29,356
Mortgage-backed / asset-backed securities	128,606	172,018
Total assets	407,998	652,415
Total liabilities	(2,810)	(304)
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
Total liabilities	0	0
Interest rate swaps | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	15,966	3,103
Interest rate swaps | Level 1 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Interest rate swaps | Level 2 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	15,966	3,103
Interest rate swaps | Level 3 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Foreign exchange contracts | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	7,302	2,474
Derivative liabilities	(2,810)	(304)
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	7,302	2,474
Derivative liabilities	(2,810)	(304)
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	1,509	1,692
Commingled fixed income securities | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	9,293	18,507
Commingled fixed income securities | Level 1 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	1,509	1,692
Commingled fixed income securities | Level 2 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	7,784	16,815
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	26,914	35,229
Government and related securities | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	26,914	35,229
Government and related securities | Level 1 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	8,665	9,790
Government and related securities | Level 2 | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	18,249	25,439
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	51,081	65,167
Corporate debt securities | Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	51,081	65,167
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	51,081	65,167
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, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	$ 263,729	$ 282,350
Gross unrealized gains	12	484
Gross unrealized losses	(55,631)	(8,728)
Estimated fair value	208,110	274,106
Government and related securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	35,855	36,160
Gross unrealized gains	12	81
Gross unrealized losses	(8,953)	(1,012)
Estimated fair value	26,914	35,229
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	66,657	67,906
Gross unrealized gains	0	259
Gross unrealized losses	(15,576)	(2,998)
Estimated fair value	51,081	65,167
Commingled fixed income securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	1,742	1,725
Gross unrealized gains	0	0
Gross unrealized losses	(233)	(33)
Estimated fair value	1,509	1,692
Mortgage-backed / asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	159,475	176,559
Gross unrealized gains	0	144
Gross unrealized losses	(30,869)	(4,685)
Estimated fair value	$ 128,606	$ 172,018

Fair Value Measurements and D_5

Fair Value Measurements and Derivative Instruments (Unrealized Holding Losses) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Greater than 12 continuous months, Fair Value	$ 179,939	$ 202,844
Greater than 12 continuous months, Gross unrealized losses	47,575	7,294
Less than 12 continuous months, Fair Value	27,715	56,743
Less than 12 continuous months, Gross unrealized losses	8,056	1,434
Government and related securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Greater than 12 continuous months, Fair Value	16,937	16,018
Greater than 12 continuous months, Gross unrealized losses	2,930	579
Less than 12 continuous months, Fair Value	9,530	15,438
Less than 12 continuous months, Gross unrealized losses	6,023	433
Corporate debt securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Greater than 12 continuous months, Fair Value	47,386	51,385
Greater than 12 continuous months, Gross unrealized losses	15,261	2,658
Less than 12 continuous months, Fair Value	3,686	8,859
Less than 12 continuous months, Gross unrealized losses	315	339
Commingled fixed income securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Greater than 12 continuous months, Fair Value	0	0
Greater than 12 continuous months, Gross unrealized losses	0	0
Less than 12 continuous months, Fair Value	1,509	1,692
Less than 12 continuous months, Gross unrealized losses	233	33
Mortgage-backed / asset-backed securities
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Greater than 12 continuous months, Fair Value	115,616	135,441
Greater than 12 continuous months, Gross unrealized losses	29,384	4,057
Less than 12 continuous months, Fair Value	12,990	30,754
Less than 12 continuous months, Gross unrealized losses	$ 1,485	$ 629

Fair Value Measurements and D_6

Fair Value Measurements and Derivative Instruments (Narrative) (Details) - USD ($)	1 Months Ended	9 Months Ended
	Oct. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Percentage of securities in loss position		99%
Held-to-maturity securities		$ 21,000,000	$ 20,000,000
Foreign exchange contracts
Derivative [Line Items]
Derivative notional amount		$ 1,000,000	$ 1,000,000
Derivative, term of contract		3 months
Interest rate swaps
Derivative [Line Items]
Derivative notional amount		$ 200,000,000
Ambi Robotics Inc. | Subsequent Event
Derivative [Line Items]
Payments to acquire equity securities, fv-ni	$ 10,000,000

Fair Value Measurements and D_7

Fair Value Measurements and Derivative Instruments (Available-for-sale Securities Maturities) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Amortized cost
Within 1 year	$ 2,295
After 1 year through 5 years	15,812
After 5 years through 10 years	72,928
After 10 years	172,694
Amortized cost	263,729	$ 282,350
Estimated fair value
Within 1 year	2,058
After 1 year through 5 years	14,116
After 5 years through 10 years	57,703
After 10 years	134,233
Total	$ 208,110	$ 274,106

Fair Value Measurements and D_8

Fair Value Measurements and Derivative Instruments (Derivative Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Total net derivative asset	$ 20,458	$ 5,273
Total derivative assets
Derivative [Line Items]
Total net derivative asset	23,268	5,577
Total derivative liabilities
Derivative [Line Items]
Total net derivative asset	(2,810)	(304)
Foreign exchange contracts | Derivatives designated as hedging instruments | Other current assets and prepayments
Derivative [Line Items]
Total net derivative asset	125	21
Foreign exchange contracts | Derivatives designated as hedging instruments | Accounts payable and accrued liabilities
Derivative [Line Items]
Total net derivative asset	0	(10)
Foreign exchange contracts | Derivatives not designated as hedging instruments | Other current assets and prepayments
Derivative [Line Items]
Total net derivative asset	7,177	2,453
Foreign exchange contracts | Derivatives not designated as hedging instruments | Accounts payable and accrued liabilities
Derivative [Line Items]
Total net derivative asset	(2,810)	(294)
Interest rate swaps | Derivatives designated as hedging instruments | Other assets
Derivative [Line Items]
Total net derivative asset	$ 15,966	$ 3,103

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, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCL (Effective Portion)	$ 4,070	$ 227	$ 13,120	$ 3,009
Gain (Loss) Reclassified from AOCL to Earnings (Effective Portion)	217	24	555	163
Foreign exchange contracts
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCL (Effective Portion)	134	41	257	215
Derivative Gain (Loss) Recognized in Earnings	(24,116)	(5,592)	(45,299)	(4,524)
Foreign exchange contracts | Revenue
Derivative [Line Items]
Gain (Loss) Reclassified from AOCL to Earnings (Effective Portion)	0	45	0	289
Foreign exchange contracts | Cost of sales
Derivative [Line Items]
Gain (Loss) Reclassified from AOCL to Earnings (Effective Portion)	80	(21)	143	(126)
Interest rate swaps
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCL (Effective Portion)	3,936	186	12,863	2,794
Interest rate swaps | Interest expense
Derivative [Line Items]
Gain (Loss) Reclassified from AOCL to Earnings (Effective Portion)	$ 137	$ 0	$ 412	$ 0

Fair Value Measurements and _10

Fair Value Measurements and Derivative Instruments (Fair Value of Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Carrying value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 2,216,699	$ 2,323,838
Fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 1,732,053	$ 2,355,894

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Restructuring Costs
Cash payments	$ (11,761)	$ (14,847)
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	$ 5,747	10,063
Amounts charged to expense	12,672	11,434
Cash payments	(11,761)	(14,847)
Noncash activity	(1,378)	(541)
Balance Ending	$ 5,280	$ 6,109

Debt (Schedule of Debt) (Detail

Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Principal amount	$ 2,251,548	$ 2,364,513
Less: unamortized costs, net	34,849	40,675
Total debt	2,216,699	2,323,838
Less: current portion long-term debt	27,133	24,739
Long-term debt	$ 2,189,566	2,299,099
Notes due | Notes due April 2023
Debt Instrument [Line Items]
Interest rate	6.20%
Principal amount	$ 0	90,259
Notes due | Notes due March 2024
Debt Instrument [Line Items]
Interest rate	4.625%
Principal amount	$ 238,449	242,603
Notes due | Term loan due March 2026
Debt Instrument [Line Items]
Interest rate	4.90%
Principal amount	$ 356,250	370,500
Notes due | Term loan due March 2026 | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Notes due | Notes due March 2027
Debt Instrument [Line Items]
Interest rate	6.875%
Principal amount	$ 400,000	400,000
Notes due | Term loan due March 2028
Debt Instrument [Line Items]
Interest rate	7.10%
Principal amount	$ 443,250	446,625
Notes due | Term loan due March 2028 | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	4%
Notes due | Notes due March 2029
Debt Instrument [Line Items]
Interest rate	7.25%
Principal amount	$ 350,000	350,000
Notes due | Notes due January 2037
Debt Instrument [Line Items]
Interest rate	5.25%
Principal amount	$ 35,841	35,841
Notes due | Notes due March 2043
Debt Instrument [Line Items]
Interest rate	6.70%
Principal amount	$ 425,000	425,000
Other debt
Debt Instrument [Line Items]
Principal amount	$ 2,758	$ 3,685

Debt (Narrative) (Details)

Debt (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Loss on debt redemption/refinancing	$ 0	$ 3,193,000	$ 4,993,000	$ 55,576,000
Federal Home Loan Bank Certificates and Obligations (FHLB)
Debt Instrument [Line Items]
Payments to acquire investments			1,000,000
Interest rate swaps
Debt Instrument [Line Items]
Derivative notional amount	$ 200,000,000		$ 200,000,000
Fixed interest rate	0.56%		0.56%
Line of credit | Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 500,000,000		$ 500,000,000
Outstanding borrowings	$ 0		0
Notes due April 2023 | Notes due
Debt Instrument [Line Items]
Loss on debt redemption/refinancing			$ 5,000,000
Interest rate	6.20%		6.20%
Term Loan Due 2026 and Term Loan Due 2028 | Notes due
Debt Instrument [Line Items]
Repayments of debt			$ 18,000,000
Term loan due March 2026 | Notes due
Debt Instrument [Line Items]
Interest rate	4.90%		4.90%
Term loan due March 2028 | Notes due
Debt Instrument [Line Items]
Interest rate	7.10%		7.10%

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, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Defined Benefit Pension Plans | United States
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 14	$ 64	$ 62	$ 195
Interest cost	11,072	10,353	33,354	31,842
Expected return on plan assets	(17,586)	(18,883)	(53,311)	(57,839)
Amortization of prior service (credit) cost	(11)	(15)	(33)	(45)
Amortization of net actuarial loss	8,317	9,366	24,781	28,643
Settlement	350	0	350	314
Net periodic benefit cost (income)	2,156	885	5,203	3,110
Contributions to benefit plans	2,103	1,161	4,401	4,020
Defined Benefit Pension Plans | Foreign
Defined Benefit Plan Disclosure [Line Items]
Service cost	291	346	978	1,055
Interest cost	3,270	2,961	10,354	8,929
Expected return on plan assets	(6,423)	(7,979)	(20,437)	(24,070)
Amortization of prior service (credit) cost	60	67	192	202
Amortization of net actuarial loss	1,625	2,340	5,172	7,065
Settlement	0	0	0	0
Net periodic benefit cost (income)	(1,177)	(2,265)	(3,741)	(6,819)
Contributions to benefit plans	348	355	8,961	9,379
Nonpension Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	191	232	549	682
Interest cost	884	891	2,763	2,816
Expected return on plan assets	0	0	0	0
Amortization of prior service (credit) cost	0	32	0	97
Amortization of net actuarial loss	(131)	913	44	3,068
Settlement	0	0	0	0
Net periodic benefit cost (income)	944	2,068	3,356	6,663
Contributions to benefit plans	$ 2,401	$ 2,642	$ 10,049	$ 9,542

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Contingency [Line Items]
Effective tax rate (percent)	45.80%		(21.90%)	5.60%	119.30%
Tax charge (benefit) for legislation				$ 2,000	$ (5,000)
Tax benefit from filing state income tax returns				1,000
Tax charge (benefit) on sale of business				(4,000)	6,000
Gain (loss) on sale of business	$ 8,398		$ 0	$ 10,920	10,201
Tax benefit from resolution of tax matters					3,000
Tax benefit from affiliate reorganization					3,000
Tax benefit from resolution of settlement					2,000
Tax charge for expiration of out-of-the-money stock options					1,000
Percent decrease in unrecognized benefits, reasonably possible (up to)	20%			20%
Disposed of by Sale | Borderfree
Income Tax Contingency [Line Items]
Gain (loss) on sale of business	$ 4,000	$ 4,000		$ 4,000
Disposed of by Sale | 2019 Sale of Business
Income Tax Contingency [Line Items]
Tax charge (benefit) on sale of business				(1,000)
Gain (loss) on sale of business				$ 3,000
Disposed of by Sale | Tacit
Income Tax Contingency [Line Items]
Gain (loss) on sale of business					$ 10,000

Commitments and Contingencies (

Commitments and Contingencies (Details) - Equipment - Digital Commerce Solutions $ in Millions	Sep. 30, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Lease payments	$ 104
Minimum
Lessee, Lease, Description [Line Items]
Term of contract	3 years
Maximum
Lessee, Lease, Description [Line Items]
Term of contract	7 years

Stockholders_ (Deficit) Equit_2

Stockholders’ (Deficit) Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	$ 44,154	$ 53,370	$ 112,632	$ 66,395
Net income (loss)	5,487	9,067	30,644	(2,618)
Other comprehensive loss	(55,400)	(9,927)	(125,141)	(2,099)
Dividends paid	(8,700)	(8,725)	(26,013)	(26,050)
Issuance of common stock	812	1,708	(2,189)	(2,413)
Stock-based compensation expense	5,371	3,170	15,237	15,448
Repurchase of common stock			(13,446)
Balances, end of period	$ (8,276)	$ 48,663	$ (8,276)	$ 48,663
Dividends paid (in dollars per share)	$ 0.05	$ 0.05	$ 0.15	$ 0.15
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	0	5,903	2,485	68,502
Issuance of common stock	(5,371)	(6,610)	(17,722)	(81,487)
Stock-based compensation expense	5,371	3,170	15,237	15,448
Balances, end of period	0	2,463	0	2,463
Retained earnings
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	5,137,248	5,172,185	5,169,270	5,201,195
Net income (loss)	5,487	9,067	30,644	(2,618)
Dividends paid	(8,700)	(8,725)	(26,013)	(26,050)
Issuance of common stock	(6,005)		(45,871)
Balances, end of period	5,128,030	5,172,527	5,128,030	5,172,527
Accumulated other comprehensive loss
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	(850,053)	(831,303)	(780,312)	(839,131)
Other comprehensive loss	(55,400)	(9,927)	(125,141)	(2,099)
Balances, end of period	(905,453)	(841,230)	(905,453)	(841,230)
Treasury stock
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	(4,566,379)	(4,616,753)	(4,602,149)	(4,687,509)
Issuance of common stock	12,188	8,318	61,404	79,074
Repurchase of common stock			(13,446)
Balances, end of period	$ (4,554,191)	$ (4,608,435)	$ (4,554,191)	$ (4,608,435)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Reclassifications) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	$ 830,914	$ 875,449	$ 2,629,351	$ 2,689,849
Interest expense, net	(23,685)	(24,312)	(66,816)	(73,816)
Selling, general and administrative expense	(209,576)	(225,024)	(678,999)	(699,316)
Income (loss) from continuing operations before taxes	10,129	6,970	32,463	(8,886)
Income tax provision (benefit)	4,642	(1,525)	1,819	(10,602)
Net of tax	5,487	9,067	30,644	(2,618)
Reclassification out of Accumulated Other Comprehensive Loss | Cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	0	45	0	289
Cost of sales	80	(21)	143	(126)
Interest expense, net	137	(133)	412	(229)
Income (loss) from continuing operations before taxes	217	(109)	555	(66)
Income tax provision (benefit)	54	(28)	138	(17)
Net of tax	163	(81)	417	(49)
Reclassification out of Accumulated Other Comprehensive Loss | Available for sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	(3)	(2)	(9)	(2)
Selling, general and administrative expense	64	(183)	86	76
Income (loss) from continuing operations before taxes	61	(185)	77	74
Income tax provision (benefit)	15	(45)	20	19
Net of tax	46	(140)	57	55
Reclassification out of Accumulated Other Comprehensive Loss | Pension and postretirement benefit plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income (loss) from continuing operations before taxes	(10,210)	(12,703)	(30,506)	(39,344)
Income tax provision (benefit)	(2,461)	(3,097)	(6,792)	(9,608)
Net of tax	(7,749)	(9,606)	(23,714)	(29,736)
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	(49)	(84)	(159)	(254)
Reclassification out of Accumulated Other Comprehensive Loss | Actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension and postretirement benefit plans	(9,811)	(12,619)	(29,997)	(38,776)
Reclassification out of Accumulated Other Comprehensive Loss | Settlement
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension and postretirement benefit plans	$ (350)	$ 0	$ (350)	$ (314)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Changes) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period	$ 44,154	$ 53,370	$ 112,632	$ 66,395
Other comprehensive income (loss) before reclassifications			(148,381)	(31,829)
Reclassifications into earnings			23,240	29,730
Other comprehensive loss, net of tax	(55,400)	(9,927)	(125,141)	(2,099)
Balances, end of period	(8,276)	48,663	(8,276)	48,663
Cash flow hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period			3,803	(1,411)
Other comprehensive income (loss) before reclassifications			9,832	3,425
Reclassifications into earnings			(417)	49
Other comprehensive loss, net of tax			9,415	3,474
Balances, end of period	13,218	2,063	13,218	2,063
Available for sale securities
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period			(6,249)	402
Other comprehensive income (loss) before reclassifications			(36,091)	(6,330)
Reclassifications into earnings			(57)	(55)
Other comprehensive loss, net of tax			(36,148)	(6,385)
Balances, end of period	(42,397)	(5,983)	(42,397)	(5,983)
Pension and postretirement benefit plans
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period			(756,639)	(851,063)
Other comprehensive income (loss) before reclassifications			0	0
Reclassifications into earnings			23,714	29,736
Other comprehensive loss, net of tax			23,714	29,736
Balances, end of period	(732,925)	(821,327)	(732,925)	(821,327)
Foreign currency adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period			(21,227)	12,941
Other comprehensive income (loss) before reclassifications			(122,122)	(28,924)
Reclassifications into earnings			0	0
Other comprehensive loss, net of tax			(122,122)	(28,924)
Balances, end of period	(143,349)	(15,983)	(143,349)	(15,983)
Total
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period	(850,053)	(831,303)	(780,312)	(839,131)
Other comprehensive loss, net of tax	(55,400)	(9,927)	(125,141)	(2,099)
Balances, end of period	$ (905,453)	$ (841,230)	$ (905,453)	$ (841,230)

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, 2022	Sep. 30, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year	$ 29,179	$ 35,344
Amounts charged to expense	5,361	6,388
Write-offs, recoveries and other	(28,110)	(11,677)
Balance at end of period	6,430	30,055
Accounts and other receivables
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at end of period	5,910	11,807
Other assets
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at end of period	$ 520	$ 18,248

Supplemental Financial Statem_4

Supplemental Financial Statement Information (Other Expense, Net) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Income and Expenses [Abstract]
Loss on debt redemption/refinancing	$ 0	$ 3,193	$ 4,993	$ 55,576
Insurance proceeds	0	0	0	(3,000)
Gain on sale of businesses, including transaction costs	(8,398)	0	(10,920)	(10,201)
Gain on sale of assets	0	0	(14,372)	(1,434)
Other (income) expense	$ (8,398)	$ 3,193	$ (20,299)	$ 40,941

Supplemental Financial Statem_5

Supplemental Financial Statement Information (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of businesses, including transaction costs	$ 8,398		$ 0	$ 10,920	$ 10,201
Proceeds from sale of businesses				109,326	27,573
Loss on debt redemption/refinancing	0		$ 3,193	4,993	$ 55,576
Shelton, Connecticut Office Building
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale leaseback transaction				51,000
Sale and leaseback transaction, gain				14,000
Borderfree Cross-border Ecommerce Solutions | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of businesses, including transaction costs	4,000	$ 4,000		4,000
Proceeds from sale of businesses		$ 93,000
2021 Sale of Business | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of businesses, including transaction costs	4,000
Proceeds from sale of businesses	$ 7,000
2019 Sale of Business | Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of businesses, including transaction costs				3,000
Proceeds from sale of businesses				$ 9,000

Supplemental Financial Statem_6

Supplemental Financial Statement Information (Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Other Income and Expenses [Abstract]
Cash interest paid	$ 114,752	$ 106,942
Cash income tax payments, net of refunds	16,533	2,451
Capital assets obtained under capital lease obligations	$ 21,665	$ 25,882