XML 52 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Notes)
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure
Segment Information
We have two reportable segments, IAN and CMG. IAN is comprised of McCann Worldgroup, FCB (Foote, Cone & Belding), Lowe & Partners, IPG Mediabrands, our digital specialist agencies and our domestic integrated agencies. CMG is comprised of a number of our specialist marketing services offerings. We also report results for the “Corporate and other” group. The profitability measure employed by our chief operating decision maker for allocating resources to operating divisions and assessing operating division performance is segment operating income (loss). The segment information is presented consistently with the basis described in our 2013 Annual Report on Form 10-K, except that segment operating income (loss) for the three and nine months ended September 30, 2014, and 2013, respectively, includes the impact of net restructuring and other reorganization-related charges (reversals). See Note 8 for further information on net restructuring and other reorganization-related liabilities.
Summarized financial information concerning our reportable segments is shown in the following table.
 
Three months ended
September 30,
 
Nine months ended
September 30,
 
2014
 
2013
 
2014
 
2013
Revenue:
 
 
 
 
 
 
 
IAN
$
1,464.6

 
$
1,370.9

 
$
4,276.3

 
$
4,047.7

CMG
376.5

 
329.5

 
1,053.7

 
951.9

Total
$
1,841.1

 
$
1,700.4

 
$
5,330.0

 
$
4,999.6

 
 
 
 
 
 
 
 
Segment operating income (loss):
 
 
 
 
 
 
 
IAN
$
165.5

 
$
119.9

 
$
361.0

 
$
266.5

CMG
47.0

 
39.7

 
105.8

 
88.3

Corporate and other
(41.2
)
 
(18.1
)
 
(111.4
)
 
(80.9
)
Total
171.3

 
141.5

 
355.4

 
273.9

 
 
 
 
 
 
 
 
Interest expense
(20.7
)
 
(23.7
)
 
(63.5
)
 
(98.0
)
Interest income
7.5

 
5.8

 
20.3

 
18.0

Other expense, net
(0.6
)
 
(46.6
)
 
(10.1
)
 
(40.0
)
Income before income taxes
$
157.5

 
$
77.0

 
$
302.1

 
$
153.9

 
 
 
 
 
 
 
 
Depreciation and amortization of fixed assets and intangible assets:
 
 
 
 
 
 
 
IAN
$
31.0

 
$
32.9

 
$
92.7

 
$
95.4

CMG
4.9

 
3.9

 
13.7

 
11.6

Corporate and other
5.1

 
3.7

 
15.3

 
10.9

Total
$
41.0

 
$
40.5

 
$
121.7

 
$
117.9

 
 
 
 
 
 
 
 
Capital expenditures:
 
 
 
 
 
 
 
IAN
$
20.9

 
$
24.5

 
$
52.0

 
$
48.0

CMG
2.6

 
2.4

 
8.2

 
6.5

Corporate and other
12.2

 
17.9

 
34.2

 
37.1

Total
$
35.7

 
$
44.8

 
$
94.4

 
$
91.6

 
 
 
 
 
 
 
 
 
September 30,
2014
 
December 31,
2013
 
 
 
 
Total assets:
 
 
 
 
 
 
 
IAN
$
10,689.4

 
$
11,425.1

 
 
 
 
CMG
1,311.5

 
1,203.8

 
 
 
 
Corporate and other
(222.5
)
 
276.1

 
 
 
 
Total
$
11,778.4

 
$
12,905.0