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Revenue (Notes)
9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue
We have three reportable segments as of September 30, 2022: MD&E, IA&C and SC&E, as further discussed in Note 11. MD&E principally generates revenue from providing global media and communications services, digital services and products, advertising and marketing technology, e‐commerce services, data management and analytics, strategic consulting, and digital brand experience. IA&C principally generates revenue from providing advertising, corporate and brand identity services, and strategic consulting. SC&E generates revenue from providing best-in-class global public relations and communications services, events, sports and entertainment marketing, and strategic 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:2022202120222021
United States$1,744.3 $1,612.1 $5,171.8 $4,595.8 
International:
United Kingdom195.5 224.3 646.8 637.4 
Continental Europe184.4 200.2 610.2 625.6 
Asia Pacific219.8 229.0 652.9 673.1 
Latin America113.6 104.3 318.0 290.1 
Other180.1 172.1 542.2 486.6 
Total International893.4 929.9 2,770.1 2,712.8 
Total Consolidated$2,637.7 $2,542.0 $7,941.9 $7,308.6 
 
 Three months ended
September 30,
Nine months ended
September 30,
Revenue before billable expenses1:
2022202120222021
United States$1,523.0 $1,459.3 $4,548.0 $4,204.6 
International:
United Kingdom176.5 195.1 543.7 573.7 
Continental Europe160.1 178.1 539.2 559.4 
Asia Pacific187.1 192.0 549.5 553.6 
Latin America107.4 96.3 297.0 268.6 
Other142.1 140.9 421.5 399.1 
Total International773.2 802.4 2,350.9 2,354.4 
Total Consolidated$2,296.2 $2,261.7 $6,898.9 $6,559.0 
1 Revenue before billable expenses was previously labeled as net revenue. 
MD&EThree months ended
September 30,
Nine months ended
September 30,
Total revenue:2022202120222021
United States$613.1 $614.4 $1,841.3 $1,752.5 
International381.5 387.1 1,149.9 1,123.5 
Total MD&E$994.6 $1,001.5 $2,991.2 $2,876.0 
Revenue before billable expenses:
United States$606.5 $606.8 $1,811.9 $1,733.2 
International371.5 373.2 1,116.0 1,081.9 
Total MD&E$978.0 $980.0 $2,927.9 $2,815.1 
 
IA&CThree months ended
September 30,
Nine months ended
September 30,
Total revenue:2022202120222021
United States$689.9 $644.0 $2,081.7 $1,883.8 
International367.6 389.3 1,133.4 1,151.6 
Total IA&C$1,057.5 $1,033.3 $3,215.1 $3,035.4 
Revenue before billable expenses:
United States$665.5 $620.5 $2,002.5 $1,810.8 
International307.8 330.7 938.6 978.9 
Total IA&C$973.3 $951.2 $2,941.1 $2,789.7 

SC&EThree months ended
September 30,
Nine months ended
September 30,
Total revenue:2022202120222021
United States$441.3 $353.7 $1,248.8 $959.5 
International144.3 153.5 486.8 437.7 
Total SC&E$585.6 $507.2 $1,735.6 $1,397.2 
Revenue before billable expenses:
United States$251.0 $232.0 $733.6 $660.6 
International93.9 98.5 296.3 293.6 
Total SC&E$344.9 $330.5 $1,029.9 $954.2 
Contract Balances
The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.
September 30,
2022
December 31,
2021
Accounts receivable, net of allowance of $57.4 and $68.5, respectively$4,121.1 $5,177.7 
Accounts receivable, billable to clients2,158.0 2,347.2 
Contract assets56.3 62.3 
Contract liabilities (deferred revenue)659.8 688.5 
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 $635.9 of unsatisfied performance obligations as of September 30, 2022, which will be recognized as services are performed over the remaining contractual terms through 2027.