XML 30 R13.htm IDEA: XBRL DOCUMENT v3.19.1
Supplementary Data (Notes)
3 Months Ended
Mar. 31, 2019
Supplementary Data [Abstract]  
Accrued Liabilities
Accrued Liabilities
The following table presents the components of accrued liabilities.
 
March 31,
2019
 
December 31,
2018
Salaries, benefits and related expenses
$
346.2

 
$
494.9

Acquisition obligations
77.2

 
65.7

Interest
62.1

 
43.6

Office and related expenses
28.9

 
52.2

Restructuring charges
11.1

 
0.0

Other
138.1

 
150.5

Total accrued liabilities
$
663.6

 
$
806.9

Other Income, Net
Other Expense, Net
Results of operations for the three months ended March 31, 2019 and 2018 include certain items that are not directly associated with our revenue-producing operations.
 
Three months ended
March 31,
 
2019
 
2018
Net losses on sales of businesses
$
(8.6
)
 
$
(24.4
)
Other
1.7

 
0.0

Total other expense, net
$
(6.9
)
 
$
(24.4
)

Net losses on sales of businesses – During the three months ended March 31, 2019, the amounts recognized were related to sales of businesses and the classification of certain assets and liabilities, consisting primarily of accounts receivable, as held for sale within our IAN reportable segment. During the three months ended March 31, 2018, the amounts recognized were related to sales of businesses and the classification of certain assets and liabilities, consisting primarily of cash, as held for sale within our IAN reportable segment. The businesses held for sale primarily represent unprofitable, non-strategic agencies which are expected to be sold within the next twelve months.
Share Repurchase Program
Share Repurchase Program
On July 2, 2018, in connection with the announcement of the Acxiom Acquisition, we announced that share repurchases will be suspended for a period of time in order to reduce the increased debt levels incurred in conjunction with the acquisition. As of March 31, 2019, $338.4, excluding fees, remains available for repurchase under the share repurchase programs authorized in previous years, which have no expiration date.