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Revenue (Notes)
9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue
We have two reportable segments as of September 30, 2020: IAN and CMG, as further discussed in Note 11. 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 a comprehensive array of global public relations and communication services as well as providing events, sports and entertainment marketing, corporate and brand identity, and strategic marketing consulting.
Our agencies are located in over 100 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:2020201920202019
United States$1,354.8 $1,550.9 $4,234.0 $4,681.1 
International:
United Kingdom172.4 201.9 528.8 617.9 
Continental Europe174.5 177.6 508.5 565.8 
Asia Pacific198.1 262.7 609.9 753.3 
Latin America83.2 109.2 235.7 300.3 
Other142.5 135.8 394.1 401.1 
Total International770.7 887.2 2,277.0 2,638.4 
Total Consolidated$2,125.5 $2,438.1 $6,511.0 $7,319.5 
 
 Three months ended
September 30,
Nine months ended
September 30,
Net revenue:2020201920202019
United States$1,273.4 $1,313.0 $3,820.6 $3,964.8 
International:
United Kingdom162.0 172.1 474.9 522.8 
Continental Europe158.0 155.7 453.7 495.8 
Asia Pacific166.0 205.0 487.4 588.1 
Latin America78.5 97.8 220.1 270.2 
Other116.7 117.8 323.4 350.4 
Total International681.2 748.4 1,959.5 2,227.3 
Total Consolidated$1,954.6 $2,061.4 $5,780.1 $6,192.1 
 
IANThree months ended
September 30,
Nine months ended
September 30,
Total revenue:2020201920202019
United States$1,130.5 $1,177.8 $3,402.7 $3,584.7 
International653.1 718.5 1,872.2 2,133.4 
Total IAN$1,783.6 $1,896.3 $5,274.9 $5,718.1 
Net revenue:
United States$1,093.8 $1,098.3 $3,254.1 $3,339.5 
International591.7 640.9 1,681.6 1,906.9 
Total IAN$1,685.5 $1,739.2 $4,935.7 $5,246.4 
 
CMGThree months ended
September 30,
Nine months ended
September 30,
Total revenue:2020201920202019
United States$224.3 $373.1 $831.3 $1,096.4 
International117.6 168.7 404.8 505.0 
Total CMG$341.9 $541.8 $1,236.1 $1,601.4 
Net revenue:
United States$179.6 $214.7 $566.5 $625.3 
International89.5 107.5 277.9 320.4 
Total CMG$269.1 $322.2 $844.4 $945.7 
Contract Balances
The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.
September 30,
2020
December 31,
2019
Accounts receivable, net of allowance of $90.7 and $40.2, respectively$3,297.4 $5,209.2 
Accounts receivable, billable to clients1,817.2 1,934.1 
Contract assets47.5 63.0 
Contract liabilities (deferred revenue)611.3 585.6 
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 with the exception of our data management contracts. For those contracts with a term of more than one year, we had approximately $667.0 of unsatisfied performance obligations as of September 30, 2020, which will be recognized as services are performed over the remaining contractual terms through 2026.