XML 93 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Supplementary Data (Notes)
 6 Months Ended
Jun. 30, 2013
Supplementary Data [Abstract]  
Supplementary Data
Supplementary Data
Accrued Liabilities
The following table presents the components of accrued liabilities.
 
June 30,
2013
 
December 31,
2012
Salaries, benefits and related expenses
$
329.3

 
$
478.2

Office and related expenses
50.3

 
51.6

Acquisition obligations
11.9

 
29.5

Interest
48.3

 
42.4

Professional fees
20.0

 
21.7

Other
88.8

 
104.8

Total accrued liabilities
$
548.6

 
$
728.2



Other Income, Net
Results of operations for the three and six months ended June 30, 2013 and 2012 include certain items that are not directly associated with our revenue-producing operations.
 
Three months ended
June 30,
 
Six months ended
June 30,
 
2013
 
2012
 
2013
 
2012
Gains (losses) on sales of businesses and investments
$
0.5

 
$
1.6

 
$
2.7

 
$
(1.8
)
Vendor discounts and credit adjustments
0.3

 
2.5

 
0.5

 
4.9

Other income, net
4.0

 
0.6

 
3.4

 
0.3

Total other income, net
$
4.8

 
$
4.7

 
$
6.6

 
$
3.4


Sales of Businesses and Investments – During the first half of 2013, the gains on sales of businesses and investments primarily related to a gain recognized in the first quarter of 2013 from the sale of marketable securities in the Asia Pacific region within our IAN segment. During the first half of 2012, the losses on sales of businesses and investments primarily related to a loss recognized from the sale of a business in the domestic market within our IAN segment, which was partially offset by a gain recognized in the second quarter of 2012 related to the sale of a business in an international market within our CMG segment.
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 differences resulting from settlements with clients or vendors or where the statute of limitations has lapsed.
Other Income, net – During the second quarter of 2013, other income, net primarily included a non-cash gain on re-measurement to fair value of an equity interest in an affiliate, located in the Asia Pacific region within our CMG segment, upon acquiring a controlling interest.
Accumulated Other Comprehensive Loss, Net of Tax
The following table presents the changes in accumulated other comprehensive loss, net of tax by component.
 
Foreign Currency Translation Adjustments
 
Available-for-Sale Securities
 
Derivative Instruments
 
Defined Benefit Pension and Other Postretirement Plans
 
Total
Balance as of December 31, 2012
$
(130.1
)
 
$
0.8

 
$
(12.7
)
 
$
(146.0
)
 
$
(288.0
)
Other comprehensive (loss) income before reclassifications
(110.3
)
 
0.8

 
0.0

 
(0.7
)
 
(110.2
)
Amount reclassified from accumulated other comprehensive loss, net of tax
0.0

 
(1.2
)
 
0.5

 
3.5

 
2.8

Total change for the period
(110.3
)
 
(0.4
)
 
0.5

 
2.8

 
(107.4
)
Balance as of June 30, 2013
$
(240.4
)
 
$
0.4

 
$
(12.2
)
 
$
(143.2
)
 
$
(395.4
)


Amounts reclassified from accumulated other comprehensive loss, net of tax for the three and six months ended June 30, 2013 are as follows:
 
Three months ended
June 30, 2013
 
Six months ended
June 30, 2013
 
Affected Line Item in the Consolidated Statement of Operations
Foreign currency translation adjustments
$
0.0

 
$
0.0

 
 
Gains on available-for-sale securities
(0.4
)
 
(1.4
)
 
Other income, net
Losses on derivative instruments
0.5

 
0.9

 
Interest expense
Amortization of defined benefit pension and postretirement plans items 1
2.7

 
5.5

 
 
Tax effect
(1.4
)
 
(2.2
)
 
Provision for income taxes
Total amount reclassified from accumulated other comprehensive loss, net of tax
$
1.4

 
$
2.8

 
 
 
1 
These accumulated other comprehensive loss components are included in the computation of net periodic cost. See Note 9 for further information.
Share Repurchase Program
In February 2013, our Board of Directors (the "Board") authorized a new share repurchase program to repurchase from time to time up to $300.0, excluding fees, of our common stock (the "2013 share repurchase program"). In March 2013, the Board authorized an increase in the amount available under our 2013 share repurchase program up to $500.0, excluding fees, of our common stock to be used towards the repurchase of shares resulting from the conversion to common stock of the 4.75% Notes. In February 2012, the Board authorized a share repurchase program to repurchase from time to time up to $300.0, excluding fees, of our common stock (the "2012 share repurchase program"). In November 2012, the Board authorized an increase in the amount available under our 2012 share repurchase program up to $400.0, excluding fees, of our common stock, as a result of the sale of our remaining holdings in Facebook. We may effect such repurchases through open market purchases, trading plans established in accordance with SEC rules, derivative transactions or other means.
The following table presents our share repurchase activity under our share repurchase programs.
 
Six months ended
June 30,
 
2013
 
2012
Number of shares repurchased
13.7

 
11.0

Aggregate cost, including fees
$
180.6

 
$
118.1

Average price per share, including fees
$
13.22

 
$
10.78


As of June 30, 2013, $419.5 remains available for repurchase under the 2013 share repurchase program. The 2013 share repurchase program has no expiration date. We fully utilized the 2012 share repurchase program in the second quarter of 2013.