Revenue (Notes)

9 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

We have two reportable segments as of September 30, 2019: IAN and CMG, as further discussed in Note 13. IAN principally generates revenue from providing advertising and media services as well as a comprehensive array of global communications, marketing services and data management. CMG generates revenue from providing events and public relations services as well as sports and entertainment marketing, corporate and brand identity, and strategic marketing consulting.

Our agencies are located in over 110 countries, including every significant world market. Our geographic revenue breakdown is listed below.



	Three months ended September 30,				Nine months ended September 30,
Total revenue:	2019		2018		2019		2018
United States	$	1,550.9	$	1,407.1	$	4,681.1	$	4,203.5
International:
United Kingdom	201.9		220.9		617.9		626.9
Continental Europe	177.6		177.5		565.8		564.3
Asia Pacific	262.7		267.3		753.3		803.0
Latin America	109.2		95.3		300.3		267.8
Other	135.8		129.4		401.1		392.9
Total International	887.2		890.4		2,638.4		2,654.9
Total Consolidated	$	2,438.1	$	2,297.5	$	7,319.5	$	6,858.4



	Three months ended September 30,				Nine months ended September 30,
Net revenue:	2019		2018		2019		2018
United States	$	1,313.0	$	1,160.9	$	3,964.8	$	3,424.7
International:
United Kingdom	172.1		174.0		522.8		513.2
Continental Europe	155.7		152.0		495.8		489.4
Asia Pacific	205.0		210.6		588.1		603.6
Latin America	97.8		84.0		270.2		239.9
Other	117.8		114.2		350.4		347.1
Total International	748.4		734.8		2,227.3		2,193.2
Total Consolidated	$	2,061.4	$	1,895.7	$	6,192.1	$	5,617.9



IAN	Three months ended September 30,				Nine months ended September 30,
Total revenue:	2019		2018		2019		2018
United States	$	1,185.3	$	1,064.2	$	3,611.2	$	3,150.6
International	718.6		710.5		2,133.5		2,122.1
Total IAN	$	1,903.9	$	1,774.7	$	5,744.7	$	5,272.7

Net revenue:
United States	$	1,103.0	$	952.9	$	3,354.0	$	2,814.2
International	640.9		627.6		1,906.9		1,876.7
Total IAN	$	1,743.9	$	1,580.5	$	5,260.9	$	4,690.9



CMG	Three months ended September 30,				Nine months ended September 30,
Total revenue:	2019		2018		2019		2018
United States	$	365.6	$	342.9	$	1,069.9	$	1,052.9
International	168.6		179.9		504.9		532.8
Total CMG	$	534.2	$	522.8	$	1,574.8	$	1,585.7

Net revenue:
United States	$	210.0	$	208.0	$	610.8	$	610.5
International	107.5		107.2		320.4		316.5
Total CMG	$	317.5	$	315.2	$	931.2	$	927.0

Contract Balances

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.



	September 30, 2019		December 31, 2018
Accounts receivable, net of allowance of $38.8 and $42.5, respectively	$	4,047.8	$	5,126.6
Accounts receivable, billable to clients	2,018.7		1,900.6
Contract assets	57.8		67.9
Contract liabilities (deferred revenue)	562.4		533.9

Contract assets are primarily comprised of contract incentives that are generally satisfied annually under the terms of our contracts and are transferred to accounts receivable when the right to payment becomes unconditional. Contract liabilities relate to advance consideration received from customers under the terms of our contracts primarily related to reimbursements of third-party expenses, whether we act as principal or agent, and to a lesser extent, periodic retainer fees, both of which are generally recognized shortly after billing.

The majority of our contracts are for periods of one year or less. For those contracts with a term of more than one year, we had approximately $759.0 of unsatisfied performance obligations as of September 30, 2019, which will be recognized as services are performed over the remaining contractual terms.