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Supplementary Data (Notes)
6 Months Ended
Jun. 30, 2020
Supplementary Data [Abstract]  
Redeemable Noncontrolling Interest [Table Text Block]
Redeemable Noncontrolling Interests
Many of our acquisitions include provisions under which the noncontrolling equity owners may require us to purchase additional interests in a subsidiary at their discretion. Redeemable noncontrolling interests are adjusted quarterly, if necessary, to their estimated redemption value, but not less than their initial fair value. Any adjustments to the redemption value impact retained earnings or additional paid in capital, except for foreign currency translation adjustments.
The following table presents changes in our redeemable noncontrolling interests.
 
Six months ended
June 30,
 
2020
 
2019
Balance at beginning of period
$
164.7

 
$
167.9

Change in related noncontrolling interests balance
(3.1
)
 
0.2

Changes in redemption value of redeemable noncontrolling interests:
 
 
 
Additions
0.0

 
24.3

Redemptions
(2.5
)
 
(3.1
)
Redemption value adjustments
(3.9
)
 
(1.0
)
Balance at end of period
$
155.2

 
$
188.3


Accrued Liabilities
Accrued Liabilities
The following table presents the components of accrued liabilities.
 
June 30,
2020
 
December 31,
2019
Salaries, benefits and related expenses
$
360.3

 
$
494.1

Acquisition obligations
53.0

 
45.7

Interest
47.0

 
38.8

Restructuring charges
32.5

 
1.6

Income taxes payable
21.1

 
43.2

Office and related expenses
17.7

 
26.9

Other
67.7

 
92.5

Total accrued liabilities
$
599.3

 
$
742.8


Other Income, Net
Other Expense, Net
Results of operations for the three and six months ended June 30, 2020 and 2019 include certain items that are not directly associated with our revenue-producing operations.
 
Three months ended
June 30,
 
Six months ended
June 30,
 
2020
 
2019
 
2020
 
2019
Net losses on sales of businesses
$
(19.9
)
 
$
(3.2
)
 
$
(43.2
)
 
$
(11.8
)
Other
(1.6
)
 
(0.6
)
 
(0.1
)
 
1.1

Total other expense, net
$
(21.5
)
 
$
(3.8
)
 
$
(43.3
)
 
$
(10.7
)

Net losses on sales of businesses – During the three and six months ended June 30, 2020, 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 and CMG reportable segments. During the three and six months ended June 30, 2019, the amounts recognized were related to sales of businesses and the classification of certain assets and liabilities, consisting primarily of accounts receivable and 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.
Other – During the three and six months ended June 30, 2019, the amounts recognized were primarily related to a sale of an equity investment.
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 June 30, 2020, $338.4, excluding fees, remains available for repurchase under the share repurchase programs authorized in previous years, which have no expiration date.