Supplementary Data (Notes)

6 Months Ended

Jun. 30, 2011

Accrued Liabilities

The following table presents the components of accrued liabilities.



	June 30, 2011		December 31, 2010
Media and production expenses	$	2,249.2	$	2,332.2
Salaries, benefits and related expenses	365.2		470.0
Office and related expenses	54.3		62.0
Acquisition obligations	8.5		63.5
Interest	40.8		41.5
Professional fees	17.9		24.6
Other	113.5		118.9
Total accrued liabilities	$	2,849.4	$	3,112.7

Acquisition obligations – During the second quarter of 2011 we paid acquisition obligations, including payments of $32.9 relating to transactions with consolidated subsidiaries where we have increased our ownership interests, which are classified within acquisition related payments in the financing section of the unaudited Consolidated Statements of Cash Flows. Additionally, we paid deferred payments of $31.8 relating to a prior-year acquisition, which was classified within acquisitions, including deferred payments, net of cash acquired in the investing section of the unaudited Consolidated Statements of Cash Flows.

2004 Restatement Liabilities

As part of the restatement we presented in our 2004 Annual Report on Form 10-K (the “2004 Restatement”), we recognized liabilities related to vendor discounts and credits where we had a contractual or legal obligation to rebate such amounts to our clients or vendors. Reductions to these liabilities are achieved through settlements with clients and vendors, but also may occur if the applicable statute of limitations in a jurisdiction has lapsed. As of June 30, 2011, and December 31, 2010, we had vendor discounts and credit liabilities of $77.7 and $82.5, respectively, related to the 2004 Restatement.

Other Income (Expense), net

Results of operations for the three and six months ended June 30, 2011 and 2010 include certain items which are not directly associated with our revenue-producing operations.



	Three months ended June 30,					Six months ended June 30,
	2011		2010			2011			2010
Gains (losses) on sales of businesses and investments	$	0.3	$	(3.3	)	$	(6.2	)	$	(3.1	)
Vendor discounts and credit adjustments	2.8		2.2			2.9			2.0
Other income (expense), net	2.2		(1.0		)	2.5			(0.5		)
Total other income (expense), net	$	5.3	$	(2.1	)	$	(0.8	)	$	(1.6	)

Sales of Businesses and Investments – During the first half of 2011, we recognized a loss relating to the sale of a business in the domestic market within our Integrated Agency Networks (“IAN”) segment. During the second quarter of 2010, we recognized a loss primarily related to the sale of one of our European businesses.

Vendor Discounts and Credit Adjustments – We are in the process of settling our liabilities related to vendor discounts and credits established as part of the 2004 Restatement. These adjustments reflect the reversal of certain of these liabilities as a result of settlements with clients or vendors or where the statute of limitations has lapsed.

Share Repurchase Program

On February 24, 2011 our Board of Directors (the “Board”) authorized a program to repurchase from time to time up to $300.0 of our common stock. We may effect such repurchases through open market purchases, trading plans established in accordance with SEC rules, derivative transactions or other means. The timing and amount of repurchases under the authorization will depend on market conditions and our other funding requirements. The share repurchase program has no expiration date. During the period since the Board’s authorization we repurchased 12.0 shares that have settled through June 30, 2011, at an average price of $11.61 per share and an aggregate cost of $139.0, including fees. We expect to continue to repurchase our common stock in future periods, although the timing and amount of the repurchases will depend on market conditions and our other funding requirements.

Redeemable Noncontrolling Interests

The following table presents changes in our redeemable noncontrolling interests.



	Six months ended June 30,
	2011			2010
Balance at beginning of period	$	291.2		$	277.8
Change in related noncontrolling interest balance	(10.2		)	(16.9		)
Changes in redemption value of redeemable noncontrolling interests:
Additions	5.5			21.0
Redemptions and reclassifications	(25.4		)	(16.7		)
Redemption value adjustments¹	11.0			4.2
Balance at end of period	$	272.1		$	269.4


1	Redeemable noncontrolling interests are reported at their estimated redemption value in each reporting period, but not less than their initial fair value. Any adjustment to the redemption value impacts additional paid-in capital, except adjustments as a result of currency translation.