Supplementary Data (Notes)

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Valuation and Qualifying Accounts – Accounts Receivable, Allowance for Expected Credit Losses


	Years ended December 31,
	2022		2021		2020
Balance at beginning of period	$	68.5	$	98.3	$	40.2
Cumulative effect of accounting change 1	0.0		0.0		9.0
Charges to costs and expenses 2	(5.8)		(14.9)		50.5
Adjustments:
(Dispositions)/Acquisitions	(0.9)		(3.2)		8.6
Uncollectible accounts written off	(12.8)		(9.8)		(11.2)
Recoveries	1.9		0.3		0.2
Foreign currency translation adjustments	(2.3)		(2.2)		1.0
Balance at end of period	$	48.6	$	68.5	$	98.3

Property and Equipment


	December 31,
	2022		2021
Furniture and equipment	$	640.8	$	653.5
Leasehold improvements	528.6		571.3
Internal-use computer software	581.4		513.5
Land and buildings	131.4		139.1
Gross property and equipment	1,882.2		1,877.4
Less: accumulated depreciation and amortization	(1,244.8)		(1,201.6)
Total property and equipment, net	$	637.4	$	675.8

Total depreciation and amortization expense, which excludes the amortization of acquired intangibles, for property and equipment for the years ended December 31, 2022, 2021 and 2020 was $189.3, $197.6 and $204.7, respectively.

Accrued Liabilities

The following table presents the components of accrued liabilities.


	December 31,
	2022		2021
Salaries, benefits and related expenses	$	554.0	$	685.4
Income taxes payable	64.7		42.8
Interest	37.3		39.0
Office and related expenses	28.9		30.5
Acquisition obligations	18.7		15.4
Restructuring charges	2.2		8.1
Other	81.3		96.9
Total accrued liabilities	$	787.1	$	918.1

Other Expense, Net

Results of operations include certain items that are not directly associated with our revenue-producing operations.


	Years ended December 31,
	2022		2021		2020
Net losses on sales of businesses	$	(11.3)	$	(19.4)	$	(67.0)
Loss on early extinguishment of debt	—		(74.0)		—
Other	10.3		22.7		2.6
Total other expense, net	$	(1.0)	$	(70.7)	$	(64.4)

Net losses on sales of businesses – During 2022, 2021 and 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 MD&E, IA&C, and SC&E reportable segments. The businesses held for sale as of year-end primarily represent unprofitable, non-strategic agencies which are expected to be sold within the next twelve months. The sales of businesses and the classification of certain assets and liabilities as held for sale included cash, net of proceeds, of $22.4, $13.3 and $62.9 for the years ended 2022, 2021 and 2020, respectively, which is classified within the Other Investing Activities line in our Consolidated Statements of Cash Flows.

Loss on early extinguishment of debt – During the first quarter of 2021, we recorded a loss of $74.0 related to the early extinguishment of all $250.0 in aggregate principal amount of our 4.000% Senior Notes, all $500.0 in aggregate principal amount of our 3.750% Senior Notes, and $250.0 of the $500.0 in aggregate principal amount of our 4.200% Senior Notes.

Other – During 2022, the majority of the amounts recognized were primarily related to a cash gain from the sale of an equity investment, partially offset by a non-cash loss related to the deconsolidation of a previously consolidated entity in which we maintain an equity interest. During 2021, the majority of the amounts recognized were related to a non-cash gain related to the deconsolidation of a previously consolidated entity in which we maintain an equity interest, and pension and postretirement costs. During 2020, the amounts recognized were primarily a result of gains on remeasurement of equity interests arising from a change in ownership.

Share Repurchase Programs

Supplementary Data

Cash Flow, Supplemental Disclosures

Supplemental Cash Flow Information


	Years ended December 31,
	2022		2021		2020
Cash paid for interest	$	171.1	$	175.9	$	182.2
Changes in operating lease right-of-use assets and lease liabilities 1	55.1		(35.2)		192.6
Cash paid for income taxes, net of refunds 2	255.7		229.1		89.1

1For the year ended December 31, 2022, comprised of the impairments of operating lease right-of-use asset of $85.4 classified in Non-cash restructuring charges, offset by $30.3 net cash outflow, classified in Other non-current assets and liabilities in our Consolidated Statements of Cash Flows. For the year ended December 31, 2021, comprised of the impairments of operating lease right-of-use asset of $6.3, classified in Non-cash restructuring charges, offset by $41.5 net cash outflow, classified in Other non-current assets and liabilities in our Consolidated Statements of Cash Flows. For the year ended December 31, 2020, comprised of the impairments of operating lease right-of-use assets of $209.9, classified in Non-cash restructuring charges and $17.3, classified in Other non-current assets and liabilities in our Consolidated Statements of Cash Flows.

2Refunds of $35.7, $47.1 and $124.2 were received for the years ended December 31, 2022, 2021 and 2020, respectively.