Supplementary Data (Tables)

3 Months Ended

Mar. 31, 2024

Supplementary Data [Abstract]

Accrued Liabilities

The following table presents the components of accrued liabilities.

	March 31, 2024		December 31, 2023
Salaries, benefits and related expenses	$	316.9	$	507.5
Interest	60.7		40.2
Income taxes payable	35.9		56.8
Office and related expenses	20.0		22.3
Acquisition obligations	9.4		2.9
Restructuring charges	0.2		0.6
Other	84.8		75.5
Total accrued liabilities	$	527.9	$	705.8

Other Income (Expense), Net

Results of operations for the three months ended March 31, 2024 and 2023 include certain items that are not directly associated with our revenue-producing operations.

	Three months ended March 31,
	2024		2023
Net losses on sales of businesses	$	(6.8)	$	(4.2)
Other	(2.7)		(2.5)
Total other expense, net	$	(9.5)	$	(6.7)

Net losses on sales of businesses – During the three months ended March 31, 2024 and 2023, the amounts recognized were related to sales of businesses and the classification of certain assets and liabilities, consisting primarily of accounts receivable and accounts payable, as held for sale within our MD&E, IA&C, and SC&E reportable segments. The businesses sold and held for sale primarily represent unprofitable, non-strategic agencies which are expected to be sold within the next twelve months.

Other – During the three months ended March 31, 2024 and 2023, the amounts recognized were primarily related to pension and postretirement costs.

Redeemable Noncontrolling Interest [Table Text Block]

Redeemable Non-controlling Interests

Many of our acquisitions include provisions under which the non-controlling equity owners may require us to purchase additional interests in a subsidiary at their discretion. Redeemable non-controlling 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 non-controlling interests.

	Three months ended March 31,
	2024		2023
Balance at beginning of period	$	42.3	$	38.3
Change in related non-controlling interests balance	(0.3)		0.3
Changes in redemption value of redeemable non-controlling interests:
Additions	—		—
Redemptions and other	(6.1)		(0.4)
Redemption value adjustments	0.0		—
Currency translation adjustments	0.1		0.2
Balance at end of period	$	36.0	$	38.4