Pitney Bowes (PBI) 10-Q5 May 222022 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2022	Apr. 29, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 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		173,432,129
Entity Central Index Key	0000078814
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common stock
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $1 par value per share
Trading Symbol	PBI
Security Exchange Name	NYSE
6.70% Notes due 2043
Entity Information [Line Items]
Title of 12(b) Security	6.7% Notes due 2043
Trading Symbol	PBI.PRB
Security Exchange Name	NYSE

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Revenue		$ 926,942	$ 915,197
Costs and expenses:
Selling, general and administrative		242,785	238,102
Research and development		11,334	11,316
Restructuring charges		4,184	2,889
Interest expense, net		22,124	25,158
Other components of net pension and postretirement cost		844	350
Other (income) expense		(11,901)	51,394
Total costs and expenses		901,918	956,844
Income (loss) from continuing operations before taxes		25,024	(41,647)
Provision (benefit) for income taxes		4,203	(13,992)
Income (loss) from continuing operations		20,821	(27,655)
Loss from discontinued operations, net of tax		0	(3,886)
Net income (loss)		$ 20,821	$ (31,541)
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	$ 0.12	$ (0.16)
Discontinued operations (in dollars per share)	[1]	0	(0.02)
Net (loss) income (in dollars per share)	[1]	0.12	(0.18)
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	0.12	(0.16)
Discontinued operations (in dollars per share)	[1]	0	(0.02)
Net (loss) income (in dollars per share)	[1]	$ 0.12	$ (0.18)
Business services
Revenue		$ 597,384	$ 570,454
Costs and expenses:
Cost of products and sales		503,215	499,534
Support services
Revenue		110,352	118,697
Costs and expenses:
Cost of products and sales		37,134	36,717
Financing
Revenue		72,029	77,812
Costs and expenses:
Cost of products and sales		11,602	11,886
Equipment sales
Revenue		89,296	86,803
Costs and expenses:
Cost of equipment sales		63,771	61,840
Supplies
Revenue		41,061	42,224
Costs and expenses:
Cost of products and sales		11,517	11,211
Rentals
Revenue		16,820	19,207
Costs and expenses:
Cost of products and sales		$ 5,309	$ 6,447

[1]	The sum of the earnings per share amounts may not equal the totals due to rounding.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 20,821	$ (31,541)
Other comprehensive loss, net of tax:
Foreign currency translation, net of tax of $(167) and $(13), respectively	(17,565)	(14,258)
Net unrealized gain on cash flow hedges, net of tax of $1,768 and $1,601, respectively	5,333	4,830
Net unrealized loss on investment securities, net of tax of $(5,146) and $(2,956), respectively	(15,522)	(8,916)
Amortization of pension and postretirement costs, net of tax of $2,461 and $3,208, respectively	7,736	9,937
Other comprehensive loss, net of tax	(20,018)	(8,407)
Comprehensive income (loss)	$ 803	$ (39,948)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Foreign currency translation, tax	$ (167)	$ (13)
Net unrealized gain (loss) on cash flow hedges, tax	1,768	1,601
Net unrealized gain on investment securities, tax	(5,146)	(2,956)
Amortization of pension and postretirement costs, tax	$ 2,461	$ 3,208

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 622,575	$ 732,480
Short-term investments (includes $2,639 and $2,658, respectively, reported at fair value)	11,383	14,440
Accounts and other receivables (net of allowance of $10,061 and $11,168, respectively)	297,713	334,630
Short-term finance receivables (net of allowance of $12,024 and $12,812, respectively)	564,835	560,680
Inventories	87,661	78,588
Current income taxes	12,778	13,894
Other current assets and prepayments	145,167	157,341
Total current assets	1,742,112	1,892,053
Property, plant and equipment, net	430,498	429,162
Rental property and equipment, net	33,849	34,774
Long-term finance receivables (net of allowance of $13,207 and $13,406 respectively)	588,040	587,427
Goodwill	1,129,027	1,135,103
Intangible assets, net	124,739	132,442
Operating lease assets	236,477	208,428
Noncurrent income taxes	66,208	68,398
Other assets (includes $281,811 and $318,754, respectively, reported at fair value)	436,114	471,084
Total assets	4,787,064	4,958,871
Current liabilities:
Accounts payable and accrued liabilities	876,645	922,543
Customer deposits at Pitney Bowes Bank	619,103	632,062
Current operating lease liabilities	41,600	40,299
Current portion of long-term debt	24,746	24,739
Advance billings	102,289	99,280
Current income taxes	2,864	9,017
Total current liabilities	1,667,247	1,727,940
Long-term debt	2,199,833	2,299,099
Deferred taxes on income	286,536	286,445
Tax uncertainties and other income tax liabilities	31,358	31,935
Noncurrent operating lease liabilities	220,614	192,092
Other noncurrent liabilities	288,594	308,728
Total liabilities	4,694,182	4,846,239
Commitments and contingencies
Stockholders’ 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	5,141,636	5,169,270
Accumulated other comprehensive loss	(800,330)	(780,312)
Treasury stock, at cost (149,929 and 148,607 shares, respectively)	(4,571,762)	(4,602,149)
Total stockholders’ equity	92,882	112,632
Total liabilities and stockholders’ equity	$ 4,787,064	$ 4,958,871

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Short-term investments	$ 2,639	$ 2,658
Allowance for doubtful accounts	10,061	11,168
Short-term finance receivables allowance	12,024	12,812
Long-term finance receivables allowance	13,207	13,406
Other assets, fair value	$ 281,811	$ 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)	149,929	148,607

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ 20,821	$ (31,541)
Loss from discontinued operations, net of tax	0	3,886
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization	42,002	39,594
Allowance for credit losses	2,024	3,992
Stock-based compensation	4,495	5,221
Amortization of debt fees	1,479	2,645
Loss on debt redemption/refinancing	4,993	51,394
Restructuring charges	4,184	2,889
Restructuring payments	(3,285)	(3,955)
Pension contributions and retiree medical payments	(13,517)	(13,230)
Gain on sale of assets	(14,372)	0
Gain on sale of business	(2,522)	0
Changes in operating assets and liabilities, net of acquisitions/divestitures:
Accounts and other receivables	33,086	57,642
Finance receivables	(172)	27,714
Inventories	(7,936)	1,900
Other current assets and prepayments	(25,426)	(7,153)
Accounts payable and accrued liabilities	(38,647)	(54,022)
Current and noncurrent income taxes	(3,836)	(17,291)
Advance billings	2,422	4,267
Other, net	4,769	(8,029)
Net cash from operating activities	10,562	65,923
Cash flows from investing activities:
Capital expenditures	(32,555)	(43,328)
Purchases of investment securities	(3,988)	(64,473)
Proceeds from sales/maturities of investment securities	11,020	28,008
Net investment in loan receivables	(11,230)	(7,316)
Proceeds from asset sales	50,766	0
Proceeds from sale of business	9,016	0
Other investing activities	5,000	0
Net cash from investing activities	28,029	(87,109)
Cash flows from financing activities:
Proceeds from the issuance of debt, net of discount	0	1,195,500
Principal payments of debt	(100,595)	(1,327,315)
Premiums and fees paid to redeem/refinance debt	(4,759)	(44,418)
Dividends paid to stockholders	(8,688)	(8,625)
Customer deposits at Pitney Bowes Bank	(12,959)	(27,794)
Common stock repurchases	(13,446)	0
Other financing activities	(5,411)	(5,648)
Net cash from financing activities	(145,858)	(218,300)
Effect of exchange rate changes on cash and cash equivalents	(2,638)	(1,238)
Change in cash and cash equivalents	(109,905)	(240,724)
Cash and cash equivalents at beginning of period	732,480	921,450
Cash and cash equivalents at end of period	$ 622,575	$ 680,726

Description of Business and Bas

Description of Business and Basis of Presentation	3 Months Ended
Description of Business and Basis of Presentation	Mar. 31, 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). Net income for the three months ended March 31, 2022 benefited by approximately $3 million from adjustments related to prior years. The impact of the adjustments is 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 on global economies and businesses continues to impact how we conduct business and our operating results, financial position and cash flows. Its impact on our business remains unpredictable and accordingly, we are not able to reasonably estimate the full extent of the impact of COVID-19 on our operating results, financial position and cash flows. Accounting Pronouncements 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	3 Months Ended
Revenue	Mar. 31, 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 March 31, 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 $ 418,527 $ 160,544 $ 18,313 $ 597,384 $ — $ 597,384 Support services — — 110,352 110,352 — 110,352 Financing — — — — 72,029 72,029 Equipment sales — — 21,299 21,299 67,997 89,296 Supplies — — 41,061 41,061 — 41,061 Rentals — — — — 16,820 16,820 Subtotal 418,527 160,544 191,025 770,096 $ 156,846 $ 926,942 Revenue from leasing transactions and financing — — 156,846 156,846 Total revenue $ 418,527 $ 160,544 $ 347,871 $ 926,942 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 78,373 $ 78,373 Products/services transferred over time 418,527 160,544 112,652 691,723 Total $ 418,527 $ 160,544 $ 191,025 $ 770,096 Three Months Ended March 31, 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 $ 413,086 $ 143,126 $ 14,242 $ 570,454 $ — $ 570,454 Support services — — 118,697 118,697 — 118,697 Financing — — — — 77,812 77,812 Equipment sales — — 19,118 19,118 67,685 86,803 Supplies — — 42,224 42,224 — 42,224 Rentals — — — — 19,207 19,207 Subtotal 413,086 143,126 194,281 750,493 $ 164,704 $ 915,197 Revenue from leasing transactions and financing — — 164,704 164,704 Total revenue $ 413,086 $ 143,126 $ 358,985 $ 915,197 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 77,538 $ 77,538 Products/services transferred over time 413,086 143,126 116,743 672,955 Total $ 413,086 $ 143,126 $ 194,281 $ 750,493 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 revenue 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 March 31, 2022 December 31, 2021 Increase/ (decrease) Advance billings, current Advance billings $ 93,905 $ 92,926 $ 979 Advance billings, noncurrent Other noncurrent liabilities $ 772 $ 1,109 $ (337) 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 $55 million of advance billings at the beginning of the period. Advance billings, current reported on the condensed consolidated balance sheets at March 31, 2022 and December 31, 2021 also includes $8 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 $ 205,644 $ 218,121 $ 264,498 $ 688,263 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	3 Months Ended
Segment Information	Mar. 31, 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 reconciliation of segment EBIT to net income (loss). Revenue Three Months Ended March 31, 2022 2021 Global Ecommerce $ 418,527 $ 413,086 Presort Services 160,544 143,126 SendTech Solutions 347,871 358,985 Total revenue $ 926,942 $ 915,197 EBIT Three Months Ended March 31, 2022 2021 Global Ecommerce $ (13,696) $ (26,376) Presort Services 19,632 19,051 SendTech Solutions 104,575 114,470 Total segment EBIT 110,511 107,145 Reconciliation of Segment EBIT to net income (loss): Unallocated corporate expenses (57,834) (57,465) Restructuring charges (4,184) (2,889) Interest expense, net (33,726) (37,044) Loss on debt redemption/refinancing (4,993) (51,394) Gain on sale of business 2,522 — Gain on sale of assets 14,372 — Transaction costs (1,644) — (Provision) benefit for income taxes (4,203) 13,992 Income (loss) from continuing operations 20,821 (27,655) Loss from discontinued operations, net of tax — (3,886) Net income (loss) $ 20,821 $ (31,541)

Earnings per Share (EPS)

Earnings per Share (EPS)	3 Months Ended
Earnings per Share (EPS)	Mar. 31, 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 March 31, 2022 2021 Numerator: Income (loss) from continuing operations $ 20,821 $ (27,655) Loss from discontinued operations, net of tax — (3,886) Net income (loss) $ 20,821 $ (31,541) Denominator: Weighted-average shares used in basic EPS 174,115 172,856 Dilutive effect of common stock equivalents (1) 3,919 — Weighted-average shares used in diluted EPS 178,034 172,856 Basic earnings (loss) per share: Continuing operations $ 0.12 $ (0.16) Discontinued operations — (0.02) Net income (loss) $ 0.12 $ (0.18) Diluted earnings (loss) per share: Continuing operations $ 0.12 $ (0.16) Discontinued operations — (0.02) Net income (loss) $ 0.12 $ (0.18) Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive: 9,590 6,440

Inventories

Inventories	3 Months Ended
Inventories	Mar. 31, 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: March 31, December 31, Raw materials $ 25,510 $ 22,352 Supplies and service parts 31,869 26,076 Finished products 30,282 30,160 Total inventory, net $ 87,661 $ 78,588

Finance Assets and Lessor Opera

Finance Assets and Lessor Operating Leases	3 Months Ended
Finance Assets and Lessor Operating Leases	Mar. 31, 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: March 31, 2022 December 31, 2021 North America International Total North America International Total Sales-type lease receivables Gross finance receivables $ 959,257 $ 172,840 $ 1,132,097 $ 958,440 $ 187,831 $ 1,146,271 Unguaranteed residual values 38,157 10,171 48,328 37,896 10,717 48,613 Unearned income (243,818) (54,190) (298,008) (246,381) (56,643) (303,024) Allowance for credit losses (18,960) (2,790) (21,750) (19,546) (3,246) (22,792) Net investment in sales-type lease receivables 734,636 126,031 860,667 730,409 138,659 869,068 Loan receivables Loan receivables 274,661 21,028 295,689 262,310 20,155 282,465 Allowance for credit losses (3,297) (184) (3,481) (3,259) (167) (3,426) Net investment in loan receivables 271,364 20,844 292,208 259,051 19,988 279,039 Net investment in finance receivables $ 1,006,000 $ 146,875 $ 1,152,875 $ 989,460 $ 158,647 $ 1,148,107 Maturities of gross finance receivables at March 31, 2022 were as follows: Sales-type Lease Receivables Loan Receivables North America International Total North America International Total Remainder 2022 $ 289,762 $ 49,184 $ 338,946 $ 232,528 $ 21,028 $ 253,556 2023 302,598 55,706 358,304 18,278 — 18,278 2024 201,413 35,883 237,296 12,964 — 12,964 2025 113,862 20,896 134,758 8,246 — 8,246 2026 47,423 9,061 56,484 2,417 — 2,417 Thereafter 4,199 2,110 6,309 228 — 228 Total $ 959,257 $ 172,840 $ 1,132,097 $ 274,661 $ 21,028 $ 295,689 Aging of Receivables The aging of gross finance receivables was as follows: March 31, 2022 Sales-type Lease Receivables Loan Receivables North International North International Total Past due amounts 0 - 90 days $ 951,491 $ 170,651 $ 271,093 $ 20,944 $ 1,414,179 Past due amounts > 90 days 7,766 2,189 3,568 84 13,607 Total $ 959,257 $ 172,840 $ 274,661 $ 21,028 $ 1,427,786 Past due amounts > 90 days Still accruing interest $ 2,444 $ 666 $ — $ — $ 3,110 Not accruing interest 5,322 1,523 3,568 84 10,497 Total $ 7,766 $ 2,189 $ 3,568 $ 84 $ 13,607 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. Credit approval limits are established based on the credit quality of the client and the type of equipment financed. We cease financing revenue recognition for lease receivables that are more than 120 days past due and for unsecured loan receivables that are more than 90 days past due. Revenue recognition is resumed when the client's payments reduce the account aging to less than 60 days past due. Finance receivables are written off against the allowance after all collection efforts have been exhausted and management deems the account to be uncollectible. We believe that our 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 297 47 616 143 1,103 Write-offs (1,640) (360) (1,341) (117) (3,458) Recoveries 744 — 761 — 1,505 Other 13 (143) 2 (9) (137) Balance at March 31, 2022 $ 18,960 $ 2,790 $ 3,297 $ 184 $ 25,231 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 154 61 763 4 982 Write-offs (1,024) (371) (1,833) (3) (3,231) Recoveries 935 29 991 — 1,955 Other 16 (119) 2 — (101) Balance at March 31, 2021 $ 22,998 $ 5,606 $ 6,407 $ 463 $ 35,474 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 approximately 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 as of March 31, 2022 and December 31, 2021. March 31, 2022 Sales Type Lease Receivables Loan Receivables Total 2022 2021 2020 2019 2018 Prior Low $ 76,624 $ 253,998 $ 180,703 $ 146,716 $ 79,663 $ 35,833 $ 202,419 $ 975,956 Medium 13,619 44,487 32,696 27,581 14,456 8,744 57,783 199,366 High 1,558 5,037 4,876 3,688 2,033 1,028 4,153 22,373 Not Scored 26,074 73,694 38,874 35,487 20,873 3,755 31,334 230,091 Total $ 117,875 $ 377,216 $ 257,149 $ 213,472 $ 117,025 $ 49,360 $ 295,689 $ 1,427,786 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 March 31, 2022 2021 Profit recognized at commencement $ 35,040 $ 32,265 Interest income 42,283 48,496 Total lease income from sales-type leases $ 77,323 $ 80,761 Lessor Operating Leases We also lease mailing equipment under operating leases with terms of one Remainder 2022 $ 19,002 2023 15,556 2024 16,303 2025 5,325 2026 1,409 Thereafter 170 Total $ 57,765

Intangible Assets and Goodwill

Intangible Assets and Goodwill	3 Months Ended
Intangible Assets and Goodwill	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill Intangible Assets Intangible assets consisted of the following: March 31, 2022 December 31, 2021 Gross Accumulated Net Gross Accumulated Net Customer relationships $ 268,176 $ (148,098) $ 120,078 $ 268,187 $ (141,492) $ 126,695 Software & technology 21,967 (17,306) 4,661 21,981 (16,234) 5,747 Total intangible assets $ 290,143 $ (165,404) $ 124,739 $ 290,168 $ (157,726) $ 132,442 Amortization expense for both the three months ended March 31, 2022 and 2021 was $8 million. Future amortization expense as of March 31, 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 $ 22,119 2023 26,959 2024 26,959 2025 20,300 2026 14,146 Thereafter 14,256 Total $ 124,739 Goodwill Changes in the carrying value of goodwill by reporting segment are shown in the table below. December 31, 2021 Currency impact March 31, Global Ecommerce $ 395,062 $ — $ 395,062 Presort Services 220,992 — 220,992 SendTech Solutions 519,049 (6,076) 512,973 Total goodwill $ 1,135,103 $ (6,076) $ 1,129,027 Global Ecommerce goodwill is net of accumulated goodwill impairment charges of $198 million at March 31, 2022 and December 31, 2021.

Fair Value Measurements and Der

Fair Value Measurements and Derivative Instruments	3 Months Ended
Fair Value Measurements and Derivative Instruments	Mar. 31, 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. March 31, 2022 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds $ 81,015 $ 172,525 $ — $ 253,540 Equity securities — 23,009 — 23,009 Commingled fixed income securities 1,618 15,038 — 16,656 Government and related securities 9,246 21,733 — 30,979 Corporate debt securities — 59,597 — 59,597 Mortgage-backed / asset-backed securities — 153,060 — 153,060 Derivatives Interest rate swap — 10,313 — 10,313 Foreign exchange contracts — 739 — 739 Total assets $ 91,879 $ 456,014 $ — $ 547,893 Liabilities: Derivatives Foreign exchange contracts $ — $ (905) $ — $ (905) Total liabilities $ — $ (905) $ — $ (905) 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 Securi ties: 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 three months ended March 31, 2022. Available-for-sale securities consisted of the following: March 31, 2022 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 35,987 $ 57 $ (5,065) $ 30,979 Corporate debt securities 67,599 46 (8,048) 59,597 Commingled fixed income securities 1,730 — (112) 1,618 Mortgage-backed / asset-backed securities 168,524 18 (15,482) 153,060 Total $ 273,840 $ 121 $ (28,707) $ 245,254 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: March 31, 2022 December 31, 2021 Fair Value Gross unrealized losses Fair Value Gross unrealized losses Greater than 12 continuous months Government and related securities $ 22,661 $ 3,330 $ 16,018 $ 579 Corporate debt securities 50,887 7,486 51,385 2,658 Commingled fixed income securities 1,618 112 — — Mortgage-backed / asset-backed securities 141,267 14,813 135,441 4,057 Total $ 216,433 $ 25,741 $ 202,844 $ 7,294 Less than 12 continuous months Government and related securities $ 7,547 $ 1,735 $ 15,438 $ 433 Corporate debt securities 5,366 561 8,859 339 Commingled fixed income securities — — 1,692 33 Mortgage-backed / asset-backed securities 10,522 670 30,754 629 Total $ 23,435 $ 2,966 $ 56,743 $ 1,434 At March 31, 2022, 58% 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 March 31, 2022 were as follows: Amortized cost Estimated fair value Within 1 year $ 2,495 $ 2,386 After 1 year through 5 years 16,186 15,163 After 5 years through 10 years 73,708 65,519 After 10 years 181,451 162,186 Total $ 273,840 $ 245,254 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 March 31, 2022 and December 31, 2021 totaled $21 million and $20 million, respectively. 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 March 31, 2022 and December 31, 2021, outstanding contracts associated with these anticipated transactions had a notional value of $2 million and $1 million, respectively. Amounts included in AOCL at March 31, 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 March 31, December 31, Derivatives designated as Foreign exchange contracts Other current assets and prepayments $ 24 $ 21 Accounts payable and accrued liabilities (4) (10) Interest rate swaps Other assets 10,313 3,103 Derivatives not designated as Foreign exchange contracts Other current assets and prepayments 715 2,453 Accounts payable and accrued liabilities (901) (294) Total derivative assets $ 11,052 $ 5,577 Total derivative liabilities (905) (304) Total net derivative asset $ 10,147 $ 5,273 Results of cash flow hedging relationships were as follows: Three Months Ended March 31, Derivative Gain (Loss) Location of Gain (Loss) Gain (Loss) Reclassified Derivative Instrument 2022 2021 2022 2021 Foreign exchange contracts $ 23 $ 228 Revenue $ — $ 126 Cost of sales 14 (58) Interest rate swap 7,210 6,280 Interest expense 137 — $ 7,233 $ 6,508 $ 151 $ 68 We also enter into foreign exchange contracts to minimize the impact of exchange rate fluctuations on short-term intercompany loans and related interest that are denominated in a foreign currency. The revaluation of intercompany loans and interest and the mark-to-market adjustment on derivatives are recorded in earnings. All outstanding contracts at March 31, 2022 mature within 3 months. The mark-to-market adjustments of non-designated derivative instruments were as follows: Three Months Ended March 31, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2022 2021 Foreign exchange contracts Selling, general and administrative expense $ (3,414) $ 553 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: March 31, 2022 December 31, 2021 Carrying value $ 2,224,579 $ 2,323,838 Fair value $ 2,120,628 $ 2,355,894

Restructuring Charges

Restructuring Charges	3 Months Ended
Restructuring Charges	Mar. 31, 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 4,184 Cash payments (3,285) Noncash activity (172) Balance at March 31, 2022 $ 6,474 Balance at January 1, 2021 $ 10,063 Amounts charged to expense 2,889 Cash payments (3,955) Noncash activity (227) Balance at March 31, 2021 $ 8,770

Debt

Debt	3 Months Ended
Debt	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt Total debt consisted of the following: Interest rate March 31, 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% 365,750 370,500 Notes due March 2027 6.875% 400,000 400,000 Term loan due March 2028 LIBOR + 4.0% 445,500 446,625 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 3,378 3,685 Principal amount 2,263,918 2,364,513 Less: unamortized costs, net 39,339 40,675 Total debt 2,224,579 2,323,838 Less: current portion long-term debt 24,746 24,739 Long-term debt $ 2,199,833 $ 2,299,099 In March 2022, we redeemed the April 2023 notes and recorded a $5 million pre-tax loss in connection with this redemption. At March 31, 2022, the interest rate on the 2026 Term Loan was 2.2% and the interest rate of the 2028 Term Loan was 4.5%. These term loans also require quarterly principal repayments. We have outstanding interest rate swaps that effectively convert $200 million of our variable rate debt to fixed rates. Under the terms of these interest rate swap 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. At March 31, 2022, we were in compliance with all covenants.

Pensions and Other Benefit Prog

Pensions and Other Benefit Programs	3 Months Ended
Pensions and Other Benefit Programs	Mar. 31, 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 March 31, March 31, March 31, 2022 2021 2022 2021 2022 2021 Service cost $ 24 $ 26 $ 355 $ 395 $ 179 $ 224 Interest cost 11,141 10,745 3,634 2,961 940 961 Expected return on plan assets (17,863) (19,478) (7,205) (7,984) — — Amortization of prior service (credit) cost (11) (15) 68 67 — 32 Amortization of net actuarial loss 8,232 9,638 1,821 2,345 87 1,078 Net periodic benefit cost (income) $ 1,523 $ 916 $ (1,327) $ (2,216) $ 1,206 $ 2,295 Contributions to benefit plans $ 1,138 $ 1,015 $ 8,221 $ 8,696 $ 4,158 $ 3,519

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate for the three months ended March 31, 2022 was 16.8% and includes a benefit of $1 million associated with the 2019 sale of a business. The effective tax rate for the three months ended March 31, 2021 was a benefit of 33.6% and includes benefits of $3 million from an affiliate reorganization. As is the case with other large corporations, our tax returns are examined by tax authorities in the U.S. and other global taxing jurisdictions in which we have operations. As a result, it is reasonably possible that the amount of unrecognized tax benefits will decrease in the next 12 months, and this decrease could be up to 15% of our unrecognized tax benefits.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 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 March 31, 2022, we have entered into real estate and equipment leases with aggregate payments of $107 million and terms ranging from four

Stockholders_ Equity

Stockholders’ Equity	3 Months Ended
Stockholders’ Equity	Mar. 31, 2022
Stockholders' Equity Note [Abstract]
Stockholders’ Equity	Stockholders’ Equity Changes in stockholders’ equity were as follows: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at January 1, 2022 $ 323,338 $ 2,485 $ 5,169,270 $ (780,312) $ (4,602,149) $ 112,632 Net income — — 20,821 — — 20,821 Other comprehensive loss — — — (20,018) — (20,018) Dividends paid ($0.05 per common share) — — (8,688) — — (8,688) Issuance of common stock — (6,980) (39,767) — 43,833 (2,914) Stock-based compensation expense — 4,495 — — — 4,495 Repurchase of common stock — — — — (13,446) (13,446) Balance at March 31, 2022 $ 323,338 $ — $ 5,141,636 $ (800,330) $ (4,571,762) $ 92,882 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 $ 5,205,421 $ (839,131) $ (4,687,509) $ 70,621 Net loss — — (31,541) — — (31,541) Other comprehensive loss — — — (8,407) — (8,407) Dividends paid ($0.05 per common share) — — (8,625) — — (8,625) Issuance of common stock — (58,454) — — 54,574 (3,880) Stock-based compensation expense — 5,221 — — — 5,221 Balance at March 31, 2021 $ 323,338 $ 15,269 $ 5,165,255 $ (847,538) $ (4,632,935) $ 23,389

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
Accumulated Other Comprehensive Loss	Mar. 31, 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 March 31, 2022 2021 Cash flow hedges Revenue $ — $ 126 Cost of sales 14 (58) Interest expense, net 137 — Total before tax 151 68 Income tax provision 37 17 Net of tax $ 114 $ 51 Available-for-sale securities Financing revenue $ (2) $ (1) Selling, general and administrative expense (13) 42 Total before tax (15) 41 Income tax provision (3) 10 Net of tax $ (12) $ 31 Pension and postretirement benefit plans Prior service costs $ (57) $ (84) Actuarial losses (10,140) (13,061) Total before tax (10,197) (13,145) Income tax benefit (2,461) (3,208) Net of tax $ (7,736) $ (9,937) 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 5,447 (15,534) — (17,565) (27,652) Reclassifications into earnings (114) 12 7,736 — 7,634 Net other comprehensive income (loss) 5,333 (15,522) 7,736 (17,565) (20,018) Balance at March 31, 2022 $ 9,136 $ (21,771) $ (748,903) $ (38,792) $ (800,330) 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 4,881 (8,885) — (14,258) (18,262) Reclassifications into earnings (51) (31) 9,937 — 9,855 Net other comprehensive income (loss) 4,830 (8,916) 9,937 (14,258) (8,407) Balance at March 31, 2021 $ 3,419 $ (8,514) $ (841,126) $ (1,317) $ (847,538)

Supplemental Financial Statemen

Supplemental Financial Statement Information	3 Months Ended
Supplemental Financial Statement Information	Mar. 31, 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 for the three months ended March 31, 2022 and 2021 is presented below. See Note 7 for additional information regarding finance receivables. Three Months Ended March 31, 2022 2021 Balance at beginning of year $ 29,179 $ 35,344 Amounts charged to expense 921 3,011 Write-offs, recoveries and other (19,519) (1,314) Balance at end of period $ 10,581 $ 37,041 Accounts and other receivables $ 10,061 $ 20,480 Other assets 520 16,561 Total $ 10,581 $ 37,041 Other (income) expense consisted of the following: Three Months Ended March 31, 2022 2021 Loss on debt redemption/refinancing $ 4,993 $ 51,394 Gain on sale of business (2,522) — Gain on sale of assets (14,372) — Other (income) expense $ (11,901) $ 51,394 During the first quarter of 2022, we recognized a pre-tax loss of $5 million on the early redemption of debt (see Note 10). During the quarter, we also received proceeds of $9 million related to the 2019 sale of six smaller international businesses and recognized a pre-tax gain of $3 million and closed on the sale and leaseback of our Shelton, Connecticut office building, receiving net proceeds of $51 million and recognizing a pre-tax gain of $14 million. Supplemental cash flow information is as follows: Three Months Ended March 31, 2022 2021 Cash interest paid $ 49,430 $ 39,658 Cash income tax payments, net of refunds $ 8,079 $ 2,641 Noncash activity Capital assets obtained under capital lease obligations $ 8,721 $ 9,477

Description of Business and B_2

Description of Business and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	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). Net income for the three months ended March 31, 2022 benefited by approximately $3 million from adjustments related to prior years. The impact of the adjustments is 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
Accounting Pronouncements Adopted and 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)	3 Months Ended
Revenue (Tables)	Mar. 31, 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 March 31, 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 $ 418,527 $ 160,544 $ 18,313 $ 597,384 $ — $ 597,384 Support services — — 110,352 110,352 — 110,352 Financing — — — — 72,029 72,029 Equipment sales — — 21,299 21,299 67,997 89,296 Supplies — — 41,061 41,061 — 41,061 Rentals — — — — 16,820 16,820 Subtotal 418,527 160,544 191,025 770,096 $ 156,846 $ 926,942 Revenue from leasing transactions and financing — — 156,846 156,846 Total revenue $ 418,527 $ 160,544 $ 347,871 $ 926,942 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 78,373 $ 78,373 Products/services transferred over time 418,527 160,544 112,652 691,723 Total $ 418,527 $ 160,544 $ 191,025 $ 770,096 Three Months Ended March 31, 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 $ 413,086 $ 143,126 $ 14,242 $ 570,454 $ — $ 570,454 Support services — — 118,697 118,697 — 118,697 Financing — — — — 77,812 77,812 Equipment sales — — 19,118 19,118 67,685 86,803 Supplies — — 42,224 42,224 — 42,224 Rentals — — — — 19,207 19,207 Subtotal 413,086 143,126 194,281 750,493 $ 164,704 $ 915,197 Revenue from leasing transactions and financing — — 164,704 164,704 Total revenue $ 413,086 $ 143,126 $ 358,985 $ 915,197 Timing of revenue recognition from products and services Products/services transferred at a point in time $ — $ — $ 77,538 $ 77,538 Products/services transferred over time 413,086 143,126 116,743 672,955 Total $ 413,086 $ 143,126 $ 194,281 $ 750,493
Contract Assets and Advance Billings	Advance Billings from Contracts with Customers Balance sheet location March 31, 2022 December 31, 2021 Increase/ (decrease) Advance billings, current Advance billings $ 93,905 $ 92,926 $ 979 Advance billings, noncurrent Other noncurrent liabilities $ 772 $ 1,109 $ (337)
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 $ 205,644 $ 218,121 $ 264,498 $ 688,263

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Mar. 31, 2022
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated Statements	The following tables provide information about our reportable segments and reconciliation of segment EBIT to net income (loss). Revenue Three Months Ended March 31, 2022 2021 Global Ecommerce $ 418,527 $ 413,086 Presort Services 160,544 143,126 SendTech Solutions 347,871 358,985 Total revenue $ 926,942 $ 915,197
Reconciliation of EBIT from Segments to Consolidated	EBIT Three Months Ended March 31, 2022 2021 Global Ecommerce $ (13,696) $ (26,376) Presort Services 19,632 19,051 SendTech Solutions 104,575 114,470 Total segment EBIT 110,511 107,145 Reconciliation of Segment EBIT to net income (loss): Unallocated corporate expenses (57,834) (57,465) Restructuring charges (4,184) (2,889) Interest expense, net (33,726) (37,044) Loss on debt redemption/refinancing (4,993) (51,394) Gain on sale of business 2,522 — Gain on sale of assets 14,372 — Transaction costs (1,644) — (Provision) benefit for income taxes (4,203) 13,992 Income (loss) from continuing operations 20,821 (27,655) Loss from discontinued operations, net of tax — (3,886) Net income (loss) $ 20,821 $ (31,541)

Earnings per Share (EPS) (Table

Earnings per Share (EPS) (Tables)	3 Months Ended
Earnings per Share (EPS) (Tables)	Mar. 31, 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 March 31, 2022 2021 Numerator: Income (loss) from continuing operations $ 20,821 $ (27,655) Loss from discontinued operations, net of tax — (3,886) Net income (loss) $ 20,821 $ (31,541) Denominator: Weighted-average shares used in basic EPS 174,115 172,856 Dilutive effect of common stock equivalents (1) 3,919 — Weighted-average shares used in diluted EPS 178,034 172,856 Basic earnings (loss) per share: Continuing operations $ 0.12 $ (0.16) Discontinued operations — (0.02) Net income (loss) $ 0.12 $ (0.18) Diluted earnings (loss) per share: Continuing operations $ 0.12 $ (0.16) Discontinued operations — (0.02) Net income (loss) $ 0.12 $ (0.18) Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive: 9,590 6,440

Inventories (Tables)

Inventories (Tables)	3 Months Ended
Inventories (Tables)	Mar. 31, 2022
Inventory Disclosure [Abstract]
Inventory Components	Inventories consisted of the following: March 31, December 31, Raw materials $ 25,510 $ 22,352 Supplies and service parts 31,869 26,076 Finished products 30,282 30,160 Total inventory, net $ 87,661 $ 78,588

Finance Assets and Lessor Ope_2

Finance Assets and Lessor Operating Leases (Tables)	3 Months Ended
Finance Assets and Lessor Operating Leases (Tables)	Mar. 31, 2022
Receivables [Abstract]
Financing Receivables	Finance receivables consisted of the following: March 31, 2022 December 31, 2021 North America International Total North America International Total Sales-type lease receivables Gross finance receivables $ 959,257 $ 172,840 $ 1,132,097 $ 958,440 $ 187,831 $ 1,146,271 Unguaranteed residual values 38,157 10,171 48,328 37,896 10,717 48,613 Unearned income (243,818) (54,190) (298,008) (246,381) (56,643) (303,024) Allowance for credit losses (18,960) (2,790) (21,750) (19,546) (3,246) (22,792) Net investment in sales-type lease receivables 734,636 126,031 860,667 730,409 138,659 869,068 Loan receivables Loan receivables 274,661 21,028 295,689 262,310 20,155 282,465 Allowance for credit losses (3,297) (184) (3,481) (3,259) (167) (3,426) Net investment in loan receivables 271,364 20,844 292,208 259,051 19,988 279,039 Net investment in finance receivables $ 1,006,000 $ 146,875 $ 1,152,875 $ 989,460 $ 158,647 $ 1,148,107
Sales-type Lease Maturity	Maturities of gross finance receivables at March 31, 2022 were as follows: Sales-type Lease Receivables Loan Receivables North America International Total North America International Total Remainder 2022 $ 289,762 $ 49,184 $ 338,946 $ 232,528 $ 21,028 $ 253,556 2023 302,598 55,706 358,304 18,278 — 18,278 2024 201,413 35,883 237,296 12,964 — 12,964 2025 113,862 20,896 134,758 8,246 — 8,246 2026 47,423 9,061 56,484 2,417 — 2,417 Thereafter 4,199 2,110 6,309 228 — 228 Total $ 959,257 $ 172,840 $ 1,132,097 $ 274,661 $ 21,028 $ 295,689
Loan Receivable Maturity	Maturities of gross finance receivables at March 31, 2022 were as follows: Sales-type Lease Receivables Loan Receivables North America International Total North America International Total Remainder 2022 $ 289,762 $ 49,184 $ 338,946 $ 232,528 $ 21,028 $ 253,556 2023 302,598 55,706 358,304 18,278 — 18,278 2024 201,413 35,883 237,296 12,964 — 12,964 2025 113,862 20,896 134,758 8,246 — 8,246 2026 47,423 9,061 56,484 2,417 — 2,417 Thereafter 4,199 2,110 6,309 228 — 228 Total $ 959,257 $ 172,840 $ 1,132,097 $ 274,661 $ 21,028 $ 295,689
Past Due Financing Receivables	The aging of gross finance receivables was as follows: March 31, 2022 Sales-type Lease Receivables Loan Receivables North International North International Total Past due amounts 0 - 90 days $ 951,491 $ 170,651 $ 271,093 $ 20,944 $ 1,414,179 Past due amounts > 90 days 7,766 2,189 3,568 84 13,607 Total $ 959,257 $ 172,840 $ 274,661 $ 21,028 $ 1,427,786 Past due amounts > 90 days Still accruing interest $ 2,444 $ 666 $ — $ — $ 3,110 Not accruing interest 5,322 1,523 3,568 84 10,497 Total $ 7,766 $ 2,189 $ 3,568 $ 84 $ 13,607 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 297 47 616 143 1,103 Write-offs (1,640) (360) (1,341) (117) (3,458) Recoveries 744 — 761 — 1,505 Other 13 (143) 2 (9) (137) Balance at March 31, 2022 $ 18,960 $ 2,790 $ 3,297 $ 184 $ 25,231 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 154 61 763 4 982 Write-offs (1,024) (371) (1,833) (3) (3,231) Recoveries 935 29 991 — 1,955 Other 16 (119) 2 — (101) Balance at March 31, 2021 $ 22,998 $ 5,606 $ 6,407 $ 463 $ 35,474
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 as of March 31, 2022 and December 31, 2021. March 31, 2022 Sales Type Lease Receivables Loan Receivables Total 2022 2021 2020 2019 2018 Prior Low $ 76,624 $ 253,998 $ 180,703 $ 146,716 $ 79,663 $ 35,833 $ 202,419 $ 975,956 Medium 13,619 44,487 32,696 27,581 14,456 8,744 57,783 199,366 High 1,558 5,037 4,876 3,688 2,033 1,028 4,153 22,373 Not Scored 26,074 73,694 38,874 35,487 20,873 3,755 31,334 230,091 Total $ 117,875 $ 377,216 $ 257,149 $ 213,472 $ 117,025 $ 49,360 $ 295,689 $ 1,427,786 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 March 31, 2022 2021 Profit recognized at commencement $ 35,040 $ 32,265 Interest income 42,283 48,496 Total lease income from sales-type leases $ 77,323 $ 80,761
Lessor, Payments to be Received	We also lease mailing equipment under operating leases with terms of one Remainder 2022 $ 19,002 2023 15,556 2024 16,303 2025 5,325 2026 1,409 Thereafter 170 Total $ 57,765

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	3 Months Ended
Intangible Assets and Goodwill (Tables)	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets consisted of the following: March 31, 2022 December 31, 2021 Gross Accumulated Net Gross Accumulated Net Customer relationships $ 268,176 $ (148,098) $ 120,078 $ 268,187 $ (141,492) $ 126,695 Software & technology 21,967 (17,306) 4,661 21,981 (16,234) 5,747 Total intangible assets $ 290,143 $ (165,404) $ 124,739 $ 290,168 $ (157,726) $ 132,442
Amortization Expense In Future Periods	Future amortization expense as of March 31, 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 $ 22,119 2023 26,959 2024 26,959 2025 20,300 2026 14,146 Thereafter 14,256 Total $ 124,739
Schedule of Goodwill	Changes in the carrying value of goodwill by reporting segment are shown in the table below. December 31, 2021 Currency impact March 31, Global Ecommerce $ 395,062 $ — $ 395,062 Presort Services 220,992 — 220,992 SendTech Solutions 519,049 (6,076) 512,973 Total goodwill $ 1,135,103 $ (6,076) $ 1,129,027

Fair Value Measurements and D_2

Fair Value Measurements and Derivative Instruments (Tables)	3 Months Ended
Fair Value Measurements and Derivative Instruments (Tables)	Mar. 31, 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. March 31, 2022 Level 1 Level 2 Level 3 Total Assets: Investment securities Money market funds $ 81,015 $ 172,525 $ — $ 253,540 Equity securities — 23,009 — 23,009 Commingled fixed income securities 1,618 15,038 — 16,656 Government and related securities 9,246 21,733 — 30,979 Corporate debt securities — 59,597 — 59,597 Mortgage-backed / asset-backed securities — 153,060 — 153,060 Derivatives Interest rate swap — 10,313 — 10,313 Foreign exchange contracts — 739 — 739 Total assets $ 91,879 $ 456,014 $ — $ 547,893 Liabilities: Derivatives Foreign exchange contracts $ — $ (905) $ — $ (905) Total liabilities $ — $ (905) $ — $ (905) 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: March 31, 2022 Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Government and related securities $ 35,987 $ 57 $ (5,065) $ 30,979 Corporate debt securities 67,599 46 (8,048) 59,597 Commingled fixed income securities 1,730 — (112) 1,618 Mortgage-backed / asset-backed securities 168,524 18 (15,482) 153,060 Total $ 273,840 $ 121 $ (28,707) $ 245,254 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: March 31, 2022 December 31, 2021 Fair Value Gross unrealized losses Fair Value Gross unrealized losses Greater than 12 continuous months Government and related securities $ 22,661 $ 3,330 $ 16,018 $ 579 Corporate debt securities 50,887 7,486 51,385 2,658 Commingled fixed income securities 1,618 112 — — Mortgage-backed / asset-backed securities 141,267 14,813 135,441 4,057 Total $ 216,433 $ 25,741 $ 202,844 $ 7,294 Less than 12 continuous months Government and related securities $ 7,547 $ 1,735 $ 15,438 $ 433 Corporate debt securities 5,366 561 8,859 339 Commingled fixed income securities — — 1,692 33 Mortgage-backed / asset-backed securities 10,522 670 30,754 629 Total $ 23,435 $ 2,966 $ 56,743 $ 1,434
Available-for-sale Securities	Scheduled maturities of available-for-sale securities at March 31, 2022 were as follows: Amortized cost Estimated fair value Within 1 year $ 2,495 $ 2,386 After 1 year through 5 years 16,186 15,163 After 5 years through 10 years 73,708 65,519 After 10 years 181,451 162,186 Total $ 273,840 $ 245,254
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 March 31, December 31, Derivatives designated as Foreign exchange contracts Other current assets and prepayments $ 24 $ 21 Accounts payable and accrued liabilities (4) (10) Interest rate swaps Other assets 10,313 3,103 Derivatives not designated as Foreign exchange contracts Other current assets and prepayments 715 2,453 Accounts payable and accrued liabilities (901) (294) Total derivative assets $ 11,052 $ 5,577 Total derivative liabilities (905) (304) Total net derivative asset $ 10,147 $ 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 March 31, Derivative Gain (Loss) Location of Gain (Loss) Gain (Loss) Reclassified Derivative Instrument 2022 2021 2022 2021 Foreign exchange contracts $ 23 $ 228 Revenue $ — $ 126 Cost of sales 14 (58) Interest rate swap 7,210 6,280 Interest expense 137 — $ 7,233 $ 6,508 $ 151 $ 68
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location	All outstanding contracts at March 31, 2022 mature within 3 months. The mark-to-market adjustments of non-designated derivative instruments were as follows: Three Months Ended March 31, Derivative Gain (Loss) Recognized in Earnings Derivatives Instrument Location of Derivative Gain (Loss) 2022 2021 Foreign exchange contracts Selling, general and administrative expense $ (3,414) $ 553
Fair Value, by Balance Sheet Grouping	The carrying value and estimated fair value of debt was as follows: March 31, 2022 December 31, 2021 Carrying value $ 2,224,579 $ 2,323,838 Fair value $ 2,120,628 $ 2,355,894

Restructuring Charges (Tables)

Restructuring Charges (Tables)	3 Months Ended
Restructuring Charges (Tables)	Mar. 31, 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 4,184 Cash payments (3,285) Noncash activity (172) Balance at March 31, 2022 $ 6,474 Balance at January 1, 2021 $ 10,063 Amounts charged to expense 2,889 Cash payments (3,955) Noncash activity (227) Balance at March 31, 2021 $ 8,770

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt	Total debt consisted of the following: Interest rate March 31, 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% 365,750 370,500 Notes due March 2027 6.875% 400,000 400,000 Term loan due March 2028 LIBOR + 4.0% 445,500 446,625 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 3,378 3,685 Principal amount 2,263,918 2,364,513 Less: unamortized costs, net 39,339 40,675 Total debt 2,224,579 2,323,838 Less: current portion long-term debt 24,746 24,739 Long-term debt $ 2,199,833 $ 2,299,099

Pensions and Other Benefit Pr_2

Pensions and Other Benefit Programs (Tables)	3 Months Ended
Pensions and Other Benefit Programs (Tables)	Mar. 31, 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 March 31, March 31, March 31, 2022 2021 2022 2021 2022 2021 Service cost $ 24 $ 26 $ 355 $ 395 $ 179 $ 224 Interest cost 11,141 10,745 3,634 2,961 940 961 Expected return on plan assets (17,863) (19,478) (7,205) (7,984) — — Amortization of prior service (credit) cost (11) (15) 68 67 — 32 Amortization of net actuarial loss 8,232 9,638 1,821 2,345 87 1,078 Net periodic benefit cost (income) $ 1,523 $ 916 $ (1,327) $ (2,216) $ 1,206 $ 2,295 Contributions to benefit plans $ 1,138 $ 1,015 $ 8,221 $ 8,696 $ 4,158 $ 3,519

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	3 Months Ended
Stockholders’ Equity (Tables)	Mar. 31, 2022
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity	Changes in stockholders’ equity were as follows: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock Total equity Balance at January 1, 2022 $ 323,338 $ 2,485 $ 5,169,270 $ (780,312) $ (4,602,149) $ 112,632 Net income — — 20,821 — — 20,821 Other comprehensive loss — — — (20,018) — (20,018) Dividends paid ($0.05 per common share) — — (8,688) — — (8,688) Issuance of common stock — (6,980) (39,767) — 43,833 (2,914) Stock-based compensation expense — 4,495 — — — 4,495 Repurchase of common stock — — — — (13,446) (13,446) Balance at March 31, 2022 $ 323,338 $ — $ 5,141,636 $ (800,330) $ (4,571,762) $ 92,882 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 $ 5,205,421 $ (839,131) $ (4,687,509) $ 70,621 Net loss — — (31,541) — — (31,541) Other comprehensive loss — — — (8,407) — (8,407) Dividends paid ($0.05 per common share) — — (8,625) — — (8,625) Issuance of common stock — (58,454) — — 54,574 (3,880) Stock-based compensation expense — 5,221 — — — 5,221 Balance at March 31, 2021 $ 323,338 $ 15,269 $ 5,165,255 $ (847,538) $ (4,632,935) $ 23,389

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
Accumulated Other Comprehensive Loss (Tables)	Mar. 31, 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 March 31, 2022 2021 Cash flow hedges Revenue $ — $ 126 Cost of sales 14 (58) Interest expense, net 137 — Total before tax 151 68 Income tax provision 37 17 Net of tax $ 114 $ 51 Available-for-sale securities Financing revenue $ (2) $ (1) Selling, general and administrative expense (13) 42 Total before tax (15) 41 Income tax provision (3) 10 Net of tax $ (12) $ 31 Pension and postretirement benefit plans Prior service costs $ (57) $ (84) Actuarial losses (10,140) (13,061) Total before tax (10,197) (13,145) Income tax benefit (2,461) (3,208) Net of tax $ (7,736) $ (9,937)
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 5,447 (15,534) — (17,565) (27,652) Reclassifications into earnings (114) 12 7,736 — 7,634 Net other comprehensive income (loss) 5,333 (15,522) 7,736 (17,565) (20,018) Balance at March 31, 2022 $ 9,136 $ (21,771) $ (748,903) $ (38,792) $ (800,330) 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 4,881 (8,885) — (14,258) (18,262) Reclassifications into earnings (51) (31) 9,937 — 9,855 Net other comprehensive income (loss) 4,830 (8,916) 9,937 (14,258) (8,407) Balance at March 31, 2021 $ 3,419 $ (8,514) $ (841,126) $ (1,317) $ (847,538)

Supplemental Financial Statem_2

Supplemental Financial Statement Information (Tables)	3 Months Ended
Supplemental Financial Statement Information (Tables)	Mar. 31, 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 for the three months ended March 31, 2022 and 2021 is presented below. See Note 7 for additional information regarding finance receivables. Three Months Ended March 31, 2022 2021 Balance at beginning of year $ 29,179 $ 35,344 Amounts charged to expense 921 3,011 Write-offs, recoveries and other (19,519) (1,314) Balance at end of period $ 10,581 $ 37,041 Accounts and other receivables $ 10,061 $ 20,480 Other assets 520 16,561 Total $ 10,581 $ 37,041
Schedule of Other (Income) Expense	Other (income) expense consisted of the following: Three Months Ended March 31, 2022 2021 Loss on debt redemption/refinancing $ 4,993 $ 51,394 Gain on sale of business (2,522) — Gain on sale of assets (14,372) — Other (income) expense $ (11,901) $ 51,394
Schedule of Cash Flow Supplemental Information	Supplemental cash flow information is as follows: Three Months Ended March 31, 2022 2021 Cash interest paid $ 49,430 $ 39,658 Cash income tax payments, net of refunds $ 8,079 $ 2,641 Noncash activity Capital assets obtained under capital lease obligations $ 8,721 $ 9,477

Description of Business and B_3

Description of Business and Basis of Presentation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Percent of fortune 500 companies serviced	90.00%
Net income (loss)	$ 20,821	$ (31,541)
Revision of Prior Period, Error Correction, Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)	$ 3,000

Revenue (Disaggregates of Reven

Revenue (Disaggregates of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	$ 926,942	$ 915,197
Total consolidated revenue	926,942	915,197
ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	770,096	750,493
Products/services transferred at a point in time \| ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	78,373	77,538
Products/services transferred over time \| ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	691,723	672,955
Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	770,096	750,493
Revenue from leasing transactions and financing	156,846	164,704
Total consolidated revenue	926,942	915,197
Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	597,384	570,454
Revenue from leasing transactions and financing	0	0
Total consolidated revenue	597,384	570,454
Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	110,352	118,697
Revenue from leasing transactions and financing	0	0
Total consolidated revenue	110,352	118,697
Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
Revenue from leasing transactions and financing	72,029	77,812
Total consolidated revenue	72,029	77,812
Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	21,299	19,118
Revenue from leasing transactions and financing	67,997	67,685
Total consolidated revenue	89,296	86,803
Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	41,061	42,224
Revenue from leasing transactions and financing	0	0
Total consolidated revenue	41,061	42,224
Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
Revenue from leasing transactions and financing	16,820	19,207
Total consolidated revenue	16,820	19,207
Revenue from leasing transactions and financing
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	156,846	164,704
Global Ecommerce
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	418,527	413,086
Global Ecommerce \| ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	418,527	413,086
Global Ecommerce \| Products/services transferred at a point in time \| ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
Global Ecommerce \| Products/services transferred over time \| ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	418,527	413,086
Global Ecommerce \| Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	418,527	413,086
Global Ecommerce \| Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	418,527	413,086
Global Ecommerce \| Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
Global Ecommerce \| Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
Global Ecommerce \| Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
Global Ecommerce \| Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
Global Ecommerce \| Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
Global Ecommerce \| Revenue from leasing transactions and financing
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	0	0
Presort Services
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	160,544	143,126
Presort Services \| ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	160,544	143,126
Presort Services \| Products/services transferred at a point in time \| ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
Presort Services \| Products/services transferred over time \| ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	160,544	143,126
Presort Services \| Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	160,544	143,126
Presort Services \| Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	160,544	143,126
Presort Services \| Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
Presort Services \| Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
Presort Services \| Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
Presort Services \| Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
Presort Services \| Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
Presort Services \| Revenue from leasing transactions and financing
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	0	0
SendTech Solutions
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	347,871	358,985
SendTech Solutions \| ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	191,025	194,281
SendTech Solutions \| Products/services transferred at a point in time \| ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	78,373	77,538
SendTech Solutions \| Products/services transferred over time \| ASC 606
Disaggregation of Revenue [Line Items]
Revenue from products and services	112,652	116,743
SendTech Solutions \| Sales And Services
Disaggregation of Revenue [Line Items]
Revenue from products and services	191,025	194,281
SendTech Solutions \| Business services
Disaggregation of Revenue [Line Items]
Revenue from products and services	18,313	14,242
SendTech Solutions \| Support services
Disaggregation of Revenue [Line Items]
Revenue from products and services	110,352	118,697
SendTech Solutions \| Financing
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
SendTech Solutions \| Equipment sales
Disaggregation of Revenue [Line Items]
Revenue from products and services	21,299	19,118
SendTech Solutions \| Supplies
Disaggregation of Revenue [Line Items]
Revenue from products and services	41,061	42,224
SendTech Solutions \| Rentals
Disaggregation of Revenue [Line Items]
Revenue from products and services	0	0
SendTech Solutions \| Revenue from leasing transactions and financing
Disaggregation of Revenue [Line Items]
Revenue from leasing transactions and financing	$ 156,846	$ 164,704

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
Revenue (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Advanced billings, revenue recognized	$ 55
Lease transactions	$ 8	$ 6
Expected timing of satisfaction period	12 months
Business services \| Minimum
Disaggregation of Revenue [Line Items]
Period of recognition	1 year
Business services \| Maximum
Disaggregation of Revenue [Line Items]
Period of recognition	5 years
Support services \| Minimum
Disaggregation of Revenue [Line Items]
Period of recognition	1 year
Support services \| Maximum
Disaggregation of Revenue [Line Items]
Period of recognition	5 years

Revenue (Contract Assets and Ad

Revenue (Contract Assets and Advance Billings) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Advance billings, current	$ 93,905	$ 92,926
Advance billings, noncurrent	772	$ 1,109
Increase/ (decrease)
Advance billings, current	979
Advance billings, noncurrent	$ (337)

Revenue (Future Performance Obl

Revenue (Future Performance Obligations) (Details) $ in Thousands	Mar. 31, 2022USD ($)
Revenue from Contract with Customer [Abstract]
Future performance obligations	$ 688,263
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue from Contract with Customer [Abstract]
Future performance obligations	$ 205,644
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue from Contract with Customer [Abstract]
Future performance obligations	$ 218,121
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue from Contract with Customer [Abstract]
Future performance obligations	$ 264,498
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected timing of satisfaction period	3 years

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2019	Dec. 31, 2021
Segment reporting information profit (loss)
Revenue	$ 926,942	$ 915,197
Reconciliation of Segment EBIT to net income (loss):
Interest expense, net	(22,124)	(25,158)
Loss on debt redemption/refinancing	(4,993)	(51,394)
Gain on sale of business	2,522	0	$ 3,000
Gain on sale of assets	14,372	0
(Provision) benefit for income taxes	(4,203)	13,992
Income (loss) from continuing operations	20,821	(27,655)
Loss from discontinued operations, net of tax	0	(3,886)
Net income (loss)	20,821	(31,541)
Assets	4,787,064			$ 4,958,871
Operating Segments
Segment reporting information profit (loss)
EBIT	110,511	107,145
Segment Reconciling Items
Reconciliation of Segment EBIT to net income (loss):
Unallocated corporate expenses	(57,834)	(57,465)
Restructuring charges	(4,184)	(2,889)
Interest expense, net	(33,726)	(37,044)
Loss on debt redemption/refinancing	(4,993)	(51,394)
Gain on sale of business	2,522	0
Gain on sale of assets	14,372	0
Transaction costs	(1,644)	0
(Provision) benefit for income taxes	(4,203)	13,992
Global Ecommerce
Reconciliation of Segment EBIT to net income (loss):
Assets	3,000
Digital Commerce Solutions \| Global Ecommerce
Segment reporting information profit (loss)
Revenue from contracts with customers	418,527	413,086
EBIT	(13,696)	(26,376)
Digital Commerce Solutions \| Presort Services
Segment reporting information profit (loss)
Revenue from contracts with customers	160,544	143,126
EBIT	19,632	19,051
SendTech Solutions
Segment reporting information profit (loss)
Revenue from contracts with customers	347,871	358,985
SendTech Solutions \| Operating Segments
Segment reporting information profit (loss)
EBIT	$ 104,575	$ 114,470

Earnings per Share (EPS) (Detai

Earnings per Share (EPS) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Numerator:
Income (loss) from continuing operations		$ 20,821	$ (27,655)
Loss from discontinued operations, net of tax		0	(3,886)
Net income (loss)		$ 20,821	$ (31,541)
Denominator:
Weighted-average shares used in basic EPS (in shares)		174,115	172,856
Dilutive effect of common stock equivalents (in shares)		3,919	0
Weighted-average shares used in diluted EPS (in shares)		178,034	172,856
Basic earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	$ 0.12	$ (0.16)
Discontinued operations (in dollars per share)	[1]	0	(0.02)
Net (loss) income (in dollars per share)	[1]	0.12	(0.18)
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)	[1]	0.12	(0.16)
Discontinued operations (in dollars per share)	[1]	0	(0.02)
Net (loss) income (in dollars per share)	[1]	$ 0.12	$ (0.18)
Common stock equivalents excluded from calculation of diluted earnings per share because their impact would be anti-dilutive (in shares)		9,590	6,440
Dilutive effect of common stock equivalents			5,804

[1]	The sum of the earnings per share amounts may not equal the totals due to rounding.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 25,510	$ 22,352
Supplies and service parts	31,869	26,076
Finished products	30,282	30,160
Total inventory, net	$ 87,661	$ 78,588

Finance Assets and Lessor Ope_3

Finance Assets and Lessor Operating Leases (Finance Receivables) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses	$ (25,231)	$ (26,218)	$ (35,474)	$ (35,869)
Net investment in receivables	1,152,875	1,148,107
North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net investment in receivables	1,006,000	989,460
International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net investment in receivables	146,875	158,647
Sales-type lease receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	1,132,097	1,146,271
Unguaranteed residual values	48,328	48,613
Unearned income	(298,008)	(303,024)
Allowance for credit losses	(21,750)	(22,792)
Net investment in receivables	860,667	869,068
Sales-type lease receivables \| North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	959,257	958,440
Unguaranteed residual values	38,157	37,896
Unearned income	(243,818)	(246,381)
Allowance for credit losses	(18,960)	(19,546)	(22,998)	(22,917)
Net investment in receivables	734,636	730,409
Sales-type lease receivables \| International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	172,840	187,831
Unguaranteed residual values	10,171	10,717
Unearned income	(54,190)	(56,643)
Allowance for credit losses	(2,790)	(3,246)	(5,606)	(6,006)
Net investment in receivables	126,031	138,659
Loan receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	295,689	282,465
Allowance for credit losses	(3,481)	(3,426)
Net investment in receivables	292,208	279,039
Loan receivables \| North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	274,661	262,310
Allowance for credit losses	(3,297)	(3,259)	(6,407)	(6,484)
Net investment in receivables	271,364	259,051
Loan receivables \| International
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross finance receivables	21,028	20,155
Allowance for credit losses	(184)	(167)	$ (463)	$ (462)
Net investment in receivables	$ 20,844	$ 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	Mar. 31, 2022USD ($)
Sales-type Lease Receivables
Remainder 2022	$ 338,946
2023	358,304
2024	237,296
2025	134,758
2026	56,484
Thereafter	6,309
Total	1,132,097
Loan Receivables
Remainder 2022	253,556
2023	18,278
2024	12,964
2025	8,246
2026	2,417
Thereafter	228
Total	295,689
North America
Sales-type Lease Receivables
Remainder 2022	289,762
2023	302,598
2024	201,413
2025	113,862
2026	47,423
Thereafter	4,199
Total	959,257
Loan Receivables
Remainder 2022	232,528
2023	18,278
2024	12,964
2025	8,246
2026	2,417
Thereafter	228
Total	274,661
International
Sales-type Lease Receivables
Remainder 2022	49,184
2023	55,706
2024	35,883
2025	20,896
2026	9,061
Thereafter	2,110
Total	172,840
Loan Receivables
Remainder 2022	21,028
2023	0
2024	0
2025	0
2026	0
Thereafter	0
Total	$ 21,028

Finance Assets and Lessor Ope_5

Finance Assets and Lessor Operating Leases (Aging of Receivables) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Total	$ 1,427,786	$ 1,428,736
Still accruing interest	3,110	5,646
Not accruing interest	10,497	9,363
Total	13,607	15,009
1 - 90 days
Financing Receivable, Past Due [Line Items]
Total	1,414,179	1,413,727
Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	13,607	15,009
Sales-type lease receivables \| North America
Financing Receivable, Past Due [Line Items]
Total	959,257	958,440
Still accruing interest	2,444	4,964
Not accruing interest	5,322	3,338
Total	7,766	8,302
Sales-type lease receivables \| North America \| 1 - 90 days
Financing Receivable, Past Due [Line Items]
Total	951,491	950,138
Sales-type lease receivables \| North America \| Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	7,766	8,302
Sales-type lease receivables \| International
Financing Receivable, Past Due [Line Items]
Total	172,840	187,831
Still accruing interest	666	682
Not accruing interest	1,523	2,092
Total	2,189	2,774
Sales-type lease receivables \| International \| 1 - 90 days
Financing Receivable, Past Due [Line Items]
Total	170,651	185,057
Sales-type lease receivables \| International \| Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	2,189	2,774
Loan receivables
Financing Receivable, Past Due [Line Items]
Total	295,689	282,465
Loan receivables \| North America
Financing Receivable, Past Due [Line Items]
Total	274,661	262,310
Still accruing interest	0	0
Not accruing interest	3,568	3,796
Total	3,568	3,796
Loan receivables \| North America \| 1 - 90 days
Financing Receivable, Past Due [Line Items]
Total	271,093	258,514
Loan receivables \| North America \| Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	3,568	3,796
Loan receivables \| International
Financing Receivable, Past Due [Line Items]
Total	21,028	20,155
Still accruing interest	0	0
Not accruing interest	84	137
Total	84	137
Loan receivables \| International \| 1 - 90 days
Financing Receivable, Past Due [Line Items]
Total	20,944	20,018
Loan receivables \| International \| Greater than 90 days
Financing Receivable, Past Due [Line Items]
Total	$ 84	$ 137

Finance Assets and Lessor Ope_6

Finance Assets and Lessor Operating Leases (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 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	1,103	982
Write-offs	(3,458)	(3,231)
Recoveries	1,505	1,955
Other	(137)	(101)
Ending Balance	$ 25,231	35,474
Sales-type lease receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Revenue recognition discontinuation period (more than)	120 days
Allowance for Credit Losses
Beginning Balance	$ 22,792
Ending Balance	21,750
Sales-type lease receivables \| North America
Allowance for Credit Losses
Beginning Balance	19,546	22,917
Amounts charged to expense	297	154
Write-offs	(1,640)	(1,024)
Recoveries	744	935
Other	13	16
Ending Balance	18,960	22,998
Sales-type lease receivables \| International
Allowance for Credit Losses
Beginning Balance	3,246	6,006
Amounts charged to expense	47	61
Write-offs	(360)	(371)
Recoveries	0	29
Other	(143)	(119)
Ending Balance	$ 2,790	5,606
Loan receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Revenue recognition discontinuation period (more than)	90 days
Allowance for Credit Losses
Beginning Balance	$ 3,426
Ending Balance	3,481
Loan receivables \| North America
Allowance for Credit Losses
Beginning Balance	3,259	6,484
Amounts charged to expense	616	763
Write-offs	(1,341)	(1,833)
Recoveries	761	991
Other	2	2
Ending Balance	3,297	6,407
Loan receivables \| International
Allowance for Credit Losses
Beginning Balance	167	462
Amounts charged to expense	143	4
Write-offs	(117)	(3)
Recoveries	0	0
Other	(9)	0
Ending Balance	$ 184	$ 463

Finance Assets and Lessor Ope_7

Finance Assets and Lessor Operating Leases (Credit Quality) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Portfolio small dollar applications below thousand	$ 50
Total	$ 1,427,786	$ 1,428,736
Low
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	5.00%
Total	$ 975,956	968,473
Medium
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 199,366	193,599
Medium \| Minimum
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	5.00%
Medium \| Maximum
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	10.00%
High
Financing Receivable, Credit Quality Indicator [Line Items]
Approximate percentage of portfolio	10.00%
Total	$ 22,373	23,803
Not Scored
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 230,091	242,861
Not Scored \| Financing Receivable \| Geographic Concentration Risk
Financing Receivable, Credit Quality Indicator [Line Items]
Concentration risk, percentage	15.00%
North America \| Financing Receivable \| Geographic Concentration Risk
Financing Receivable, Credit Quality Indicator [Line Items]
Concentration risk, percentage	85.00%
Sales-type lease receivables
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	$ 117,875	368,712
Year two	377,216	289,490
Year three	257,149	245,534
Year four	213,472	150,262
Year five	117,025	60,689
Prior	49,360	31,584
Sales-type lease receivables \| Low
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	76,624	274,191
Year two	253,998	195,421
Year three	180,703	162,479
Year four	146,716	95,661
Year five	79,663	33,698
Prior	35,833	14,862
Sales-type lease receivables \| Medium
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	13,619	43,403
Year two	44,487	34,955
Year three	32,696	31,038
Year four	27,581	17,895
Year five	14,456	6,981
Prior	8,744	3,619
Sales-type lease receivables \| High
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	1,558	5,474
Year two	5,037	5,017
Year three	4,876	4,044
Year four	3,688	2,708
Year five	2,033	849
Prior	1,028	889
Sales-type lease receivables \| Not Scored
Financing Receivable, Credit Quality Indicator [Line Items]
Year one	26,074	45,644
Year two	73,694	54,097
Year three	38,874	47,973
Year four	35,487	33,998
Year five	20,873	19,161
Prior	3,755	12,214
Sales-type lease receivables \| International
Financing Receivable, Credit Quality Indicator [Line Items]
Total	172,840	187,831
Sales-type lease receivables \| North America
Financing Receivable, Credit Quality Indicator [Line Items]
Total	959,257	958,440
Loan receivables
Financing Receivable, Credit Quality Indicator [Line Items]
Total	295,689	282,465
Loan receivables \| Low
Financing Receivable, Credit Quality Indicator [Line Items]
Total	202,419	192,161
Loan receivables \| Medium
Financing Receivable, Credit Quality Indicator [Line Items]
Total	57,783	55,708
Loan receivables \| High
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,153	4,822
Loan receivables \| Not Scored
Financing Receivable, Credit Quality Indicator [Line Items]
Total	31,334	29,774
Loan receivables \| International
Financing Receivable, Credit Quality Indicator [Line Items]
Total	21,028	20,155
Loan receivables \| North America
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 274,661	$ 262,310

Finance Assets and Lessor Ope_8

Finance Assets and Lessor Operating Leases (Lease Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Receivables [Abstract]
Profit recognized at commencement	$ 35,040	$ 32,265
Interest income	42,283	48,496
Total lease income from sales-type leases	$ 77,323	$ 80,761

Finance Assets and Lessor Ope_9

Finance Assets and Lessor Operating Leases (Operating Leases) (Details) $ in Thousands	Mar. 31, 2022USD ($)
Lessor, Lease, Description [Line Items]
Remainder 2022	$ 19,002
2023	15,556
2024	16,303
2025	5,325
2026	1,409
Thereafter	170
Total	$ 57,765
Mailing Equipment \| Minimum
Lessor, Lease, Description [Line Items]
Term	1 year
Mailing Equipment \| Maximum
Lessor, Lease, Description [Line Items]
Term	5 years

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill (Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Finite lived intangible assets
Gross Carrying Amount	$ 290,143		$ 290,168
Accumulated Amortization	(165,404)		(157,726)
Net Carrying Amount	124,739		132,442
Amortization expense	8,000	$ 8,000
Customer relationships
Finite lived intangible assets
Gross Carrying Amount	268,176		268,187
Accumulated Amortization	(148,098)		(141,492)
Net Carrying Amount	120,078		126,695
Software & technology
Finite lived intangible assets
Gross Carrying Amount	21,967		21,981
Accumulated Amortization	(17,306)		(16,234)
Net Carrying Amount	$ 4,661		$ 5,747

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill (Future Amortization Expense) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Finite lived intangible assets future amortization expense
Remainder 2022	$ 22,119
2023	26,959
2024	26,959
2025	20,300
2026	14,146
Thereafter	14,256
Net Carrying Amount	$ 124,739	$ 132,442

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill (Goodwill) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Goodwill
Beginning balance	$ 1,135,103
Currency impact	(6,076)
Ending balance	1,129,027	$ 1,135,103
Digital Commerce Solutions \| Global Ecommerce
Goodwill
Beginning balance	395,062
Currency impact	0
Ending balance	395,062	395,062
Goodwill impairment	198,000	198,000
Digital Commerce Solutions \| Presort Services
Goodwill
Beginning balance	220,992
Currency impact	0
Ending balance	220,992	220,992
SendTech Solutions
Goodwill
Beginning balance	519,049
Currency impact	(6,076)
Ending balance	$ 512,973	$ 519,049

Fair Value Measurements and D_3

Fair Value Measurements and Derivative Instruments (Assets and Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	$ 245,254	$ 274,106
Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	253,540	426,748
Equity securities	23,009	29,356
Mortgage-backed / asset-backed securities	153,060	172,018
Total assets	547,893	752,602
Liabilities	(905)	(304)
Level 1 \| Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	81,015	88,705
Equity securities	0	0
Mortgage-backed / asset-backed securities	0	0
Total assets	91,879	100,187
Liabilities	0	0
Level 2 \| Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	172,525	338,043
Equity securities	23,009	29,356
Mortgage-backed / asset-backed securities	153,060	172,018
Total assets	456,014	652,415
Liabilities	(905)	(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
Liabilities	0	0
Interest rate swaps \| Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	10,313	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	10,313	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	739	2,474
Derivative liabilities	(905)	(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	739	2,474
Derivative liabilities	(905)	(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	1,618	1,692
Commingled fixed income securities \| Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	16,656	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	1,618	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	15,038	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	30,979	35,229
Government and related securities \| Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	30,979	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	9,246	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	21,733	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	59,597	65,167
Corporate debt securities \| Recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	59,597	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	59,597	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	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	$ 273,840	$ 282,350
Gross unrealized gains	121	484
Gross unrealized losses	(28,707)	(8,728)
Estimated fair value	245,254	274,106
Government and related securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	35,987	36,160
Gross unrealized gains	57	81
Gross unrealized losses	(5,065)	(1,012)
Estimated fair value	30,979	35,229
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	67,599	67,906
Gross unrealized gains	46	259
Gross unrealized losses	(8,048)	(2,998)
Estimated fair value	59,597	65,167
Commingled fixed income securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	1,730	1,725
Gross unrealized gains	0	0
Gross unrealized losses	(112)	(33)
Estimated fair value	1,618	1,692
Mortgage-backed / asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized cost	168,524	176,559
Gross unrealized gains	18	144
Gross unrealized losses	(15,482)	(4,685)
Estimated fair value	$ 153,060	$ 172,018

Fair Value Measurements and D_5

Fair Value Measurements and Derivative Instruments (Unrealized Holding Losses) (Details) - USD ($) $ in Thousands	Mar. 31, 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	$ 216,433	$ 202,844
Greater than 12 continuous months, Gross unrealized losses	25,741	7,294
Less than 12 continuous months, Fair Value	23,435	56,743
Less than 12 continuous months, Gross unrealized losses	2,966	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	22,661	16,018
Greater than 12 continuous months, Gross unrealized losses	3,330	579
Less than 12 continuous months, Fair Value	7,547	15,438
Less than 12 continuous months, Gross unrealized losses	1,735	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	50,887	51,385
Greater than 12 continuous months, Gross unrealized losses	7,486	2,658
Less than 12 continuous months, Fair Value	5,366	8,859
Less than 12 continuous months, Gross unrealized losses	561	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	1,618	0
Greater than 12 continuous months, Gross unrealized losses	112	0
Less than 12 continuous months, Fair Value	0	1,692
Less than 12 continuous months, Gross unrealized losses	0	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	141,267	135,441
Greater than 12 continuous months, Gross unrealized losses	14,813	4,057
Less than 12 continuous months, Fair Value	10,522	30,754
Less than 12 continuous months, Gross unrealized losses	$ 670	$ 629

Fair Value Measurements and D_6

Fair Value Measurements and Derivative Instruments (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Percentage of securities in loss position	58.00%
Held-to-maturity securities	$ 21,000,000	$ 20,000,000
Derivative, term of contract	3 months
Foreign exchange contracts
Derivative [Line Items]
Derivative notional amount	$ 2,000,000	$ 1,000,000
Interest rate swaps
Derivative [Line Items]
Derivative notional amount	$ 200,000,000

Fair Value Measurements and D_7

Fair Value Measurements and Derivative Instruments (Available-for-sale Securities Maturities) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Amortized cost
Within 1 year	$ 2,495
After 1 year through 5 years	16,186
After 5 years through 10 years	73,708
After 10 years	181,451
Amortized cost	273,840	$ 282,350
Estimated fair value
Within 1 year	2,386
After 1 year through 5 years	15,163
After 5 years through 10 years	65,519
After 10 years	162,186
Total	$ 245,254	$ 274,106

Fair Value Measurements and D_8

Fair Value Measurements and Derivative Instruments (Derivative Instruments) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Total net derivative asset	$ 10,147	$ 5,273
Total derivative assets
Derivative [Line Items]
Total net derivative asset	11,052	5,577
Total derivative liabilities
Derivative [Line Items]
Total net derivative asset	(905)	(304)
Foreign exchange contracts \| Derivatives designated as hedging instruments \| Other current assets and prepayments
Derivative [Line Items]
Total net derivative asset	24	21
Foreign exchange contracts \| Derivatives designated as hedging instruments \| Accounts payable and accrued liabilities
Derivative [Line Items]
Total net derivative asset	(4)	(10)
Foreign exchange contracts \| Derivatives not designated as hedging instruments \| Other current assets and prepayments
Derivative [Line Items]
Total net derivative asset	715	2,453
Foreign exchange contracts \| Derivatives not designated as hedging instruments \| Accounts payable and accrued liabilities
Derivative [Line Items]
Total net derivative asset	(901)	(294)
Interest rate swaps \| Derivatives designated as hedging instruments \| Other assets
Derivative [Line Items]
Total net derivative asset	$ 10,313	$ 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
	Mar. 31, 2022	Mar. 31, 2021
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCL (Effective Portion)	$ 7,233	$ 6,508
Gain (Loss) Reclassified from AOCL to Earnings (Effective Portion)	151	68
Foreign exchange contracts
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCL (Effective Portion)	23	228
Foreign exchange contracts \| Revenue
Derivative [Line Items]
Gain (Loss) Reclassified from AOCL to Earnings (Effective Portion)	0	126
Foreign exchange contracts \| Cost of sales
Derivative [Line Items]
Gain (Loss) Reclassified from AOCL to Earnings (Effective Portion)	14	(58)
Foreign exchange contracts \| Selling, general and administrative expense
Derivative [Line Items]
Derivative Gain (Loss) Recognized in Earnings	(3,414)	553
Interest rate swaps
Derivative [Line Items]
Derivative Gain (Loss) Recognized in AOCL (Effective Portion)	7,210	6,280
Interest rate swaps \| Interest expense
Derivative [Line Items]
Gain (Loss) Reclassified from AOCL to Earnings (Effective Portion)	$ 137	$ 0

Fair Value Measurements and _10

Fair Value Measurements and Derivative Instruments (Fair Value of Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Carrying value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 2,224,579	$ 2,323,838
Fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	$ 2,120,628	$ 2,355,894

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended
Restructuring Charges (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 31, 2021
Restructuring Costs
Cash payments	$ (3,285)	$ (3,955)
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	4,184	2,889
Cash payments	(3,285)	(3,955)
Noncash activity	(172)	(227)
Balance Ending	$ 6,474	$ 8,770

Debt (Schedule of Debt) (Detail

Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	3 Months Ended
Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Principal amount	$ 2,263,918	$ 2,364,513
Less: unamortized costs, net	39,339	40,675
Total debt	2,224,579	2,323,838
Less: current portion long-term debt	24,746	24,739
Long-term debt	$ 2,199,833	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	2.20%
Principal amount	$ 365,750	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	4.50%
Principal amount	$ 445,500	446,625
Notes due \| Term loan due March 2028 \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	4.00%
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	$ 3,378	$ 3,685

Debt (Narrative) (Details)

Debt (Narrative) (Details)	3 Months Ended
Debt (Narrative) (Details)	Mar. 31, 2022USD ($)
Interest rate swaps
Debt Instrument [Line Items]
Derivative notional amount	$ 200,000,000
Fixed interest rate	0.56%
Notes due
Debt Instrument [Line Items]
Pre-tax gain	$ 5,000,000
Term loan due March 2026 \| Notes due
Debt Instrument [Line Items]
Interest rate	2.20%
Term loan due March 2028 \| Notes due
Debt Instrument [Line Items]
Interest rate	4.50%

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
	Mar. 31, 2022	Mar. 31, 2021
Defined Benefit Pension Plans \| United States
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 24	$ 26
Interest cost	11,141	10,745
Expected return on plan assets	(17,863)	(19,478)
Amortization of prior service (credit) cost	(11)	(15)
Amortization of net actuarial loss	8,232	9,638
Net periodic benefit cost (income)	1,523	916
Contributions to benefit plans	1,138	1,015
Defined Benefit Pension Plans \| Foreign
Defined Benefit Plan Disclosure [Line Items]
Service cost	355	395
Interest cost	3,634	2,961
Expected return on plan assets	(7,205)	(7,984)
Amortization of prior service (credit) cost	68	67
Amortization of net actuarial loss	1,821	2,345
Net periodic benefit cost (income)	(1,327)	(2,216)
Contributions to benefit plans	8,221	8,696
Nonpension Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	179	224
Interest cost	940	961
Expected return on plan assets	0	0
Amortization of prior service (credit) cost	0	32
Amortization of net actuarial loss	87	1,078
Net periodic benefit cost (income)	1,206	2,295
Contributions to benefit plans	$ 4,158	$ 3,519

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Effective tax rate (percent)	16.80%	33.60%
Tax effect of sale of business	$ 1
Tax legislation		$ 3
Percent decrease in unrecognized benefits, reasonably possible (up to)	15.00%

Commitments and Contingencies (

Commitments and Contingencies (Details) - Equipment - Digital Commerce Solutions $ in Millions	Mar. 31, 2022USD ($)
Lessee, Lease, Description [Line Items]
Lease payments	$ 107
Minimum
Lessee, Lease, Description [Line Items]
Term of contract	4 years
Maximum
Lessee, Lease, Description [Line Items]
Term of contract	8 years

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	$ 112,632	$ 70,621
Net income (loss)	20,821	(31,541)
Other comprehensive income	(20,018)	(8,407)
Dividends paid	(8,688)	(8,625)
Issuance of common stock	(2,914)	(3,880)
Stock-based compensation expense	4,495	5,221
Repurchase of common stock	(13,446)
Balances, end of period	$ 92,882	$ 23,389
Dividends paid (in dollars per share)	$ 0.05	$ 0.05
Common stock
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	$ 323,338	$ 323,338
Balances, end of period	323,338	323,338
Additional paid-in capital
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	2,485	68,502
Issuance of common stock	(6,980)	(58,454)
Stock-based compensation expense	4,495	5,221
Balances, end of period	0	15,269
Retained earnings
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	5,169,270	5,205,421
Net income (loss)	20,821	(31,541)
Dividends paid	(8,688)	(8,625)
Issuance of common stock	(39,767)
Balances, end of period	5,141,636	5,165,255
Accumulated other comprehensive loss
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	(780,312)	(839,131)
Other comprehensive income	(20,018)	(8,407)
Balances, end of period	(800,330)	(847,538)
Treasury stock
Increase (Decrease) in Stockholders' Equity
Balances, beginning of period	(4,602,149)	(4,687,509)
Issuance of common stock	43,833	54,574
Repurchase of common stock	(13,446)
Balances, end of period	$ (4,571,762)	$ (4,632,935)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Reclassifications) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	$ 926,942	$ 915,197
Interest expense, net	(22,124)	(25,158)
Selling, general and administrative expense	(242,785)	(238,102)
Total before tax	25,024	(41,647)
Income tax provision	4,203	(13,992)
Net of tax	20,821	(31,541)
Reclassification out of Accumulated Other Comprehensive Loss \| Cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	0	126
Cost of sales	14	(58)
Interest expense, net	137	0
Total before tax	151	68
Income tax provision	37	17
Net of tax	114	51
Reclassification out of Accumulated Other Comprehensive Loss \| Available for sale securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenue	(2)	(1)
Selling, general and administrative expense	(13)	42
Total before tax	(15)	41
Income tax provision	(3)	10
Net of tax	(12)	31
Reclassification out of Accumulated Other Comprehensive Loss \| Pension and postretirement benefit plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	(10,197)	(13,145)
Income tax provision	(2,461)	(3,208)
Net of tax	(7,736)	(9,937)
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	(57)	(84)
Reclassification out of Accumulated Other Comprehensive Loss \| Actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Pension and postretirement benefit plans	$ (10,140)	$ (13,061)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Changes) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period	$ 112,632	$ 70,621
Other comprehensive income (loss) before reclassifications	(27,652)	(18,262)
Reclassifications into earnings	7,634	9,855
Other comprehensive loss, net of tax	(20,018)	(8,407)
Balances, end of period	92,882	23,389
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	5,447	4,881
Reclassifications into earnings	(114)	(51)
Other comprehensive loss, net of tax	5,333	4,830
Balances, end of period	9,136	3,419
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	(15,534)	(8,885)
Reclassifications into earnings	12	(31)
Other comprehensive loss, net of tax	(15,522)	(8,916)
Balances, end of period	(21,771)	(8,514)
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	7,736	9,937
Other comprehensive loss, net of tax	7,736	9,937
Balances, end of period	(748,903)	(841,126)
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	(17,565)	(14,258)
Reclassifications into earnings	0	0
Other comprehensive loss, net of tax	(17,565)	(14,258)
Balances, end of period	(38,792)	(1,317)
Total
Accumulated Other Comprehensive Income (Loss), Net of Tax
Balances, beginning of period	(780,312)	(839,131)
Other comprehensive loss, net of tax	(20,018)	(8,407)
Balances, end of period	$ (800,330)	$ (847,538)

Supplemental Financial Statem_3

Supplemental Financial Statement Information (Allowance for Credit on Losses for Accounts and Other Receivables) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year	$ 29,179	$ 35,344
Amounts charged to expense	921	3,011
Write-offs, recoveries and other	(19,519)	(1,314)
Balance at end of period	10,581	37,041
Accounts and other receivables
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at end of period	10,061	20,480
Other assets
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at end of period	$ 520	$ 16,561

Supplemental Financial Statem_4

Supplemental Financial Statement Information (Other Expense, Net) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2019
Other Income and Expenses [Abstract]
Loss on debt redemption/refinancing	$ 4,993	$ 51,394
Gain on sale of business	(2,522)	0	$ (3,000)
Gain on sale of assets	(14,372)	0
Other (income) expense	$ (11,901)	$ 51,394

Supplemental Financial Statem_5

Supplemental Financial Statement Information - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2019
Other Income and Expenses [Abstract]
Loss on debt redemption/refinancing	$ 4,993	$ 51,394
Proceeds from sale of business	9,016	0	$ 9,000
Gain on sale of business	$ 2,522	$ 0	3,000
Proceeds from sale leaseback transaction			51,000
Sale and leaseback transaction, gain			$ 14,000

Supplemental Financial Statem_6

Supplemental Financial Statement Information (Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Other Income and Expenses [Abstract]
Cash interest paid	$ 49,430	$ 39,658
Cash income tax payments, net of refunds	8,079	2,641
Capital assets obtained under capital lease obligations	$ 8,721	$ 9,477