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Revenue (Tables)
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue Principal Geographic Markets
Our agencies are located in over 100 countries, including every significant world market. Our geographic revenue breakdown is listed below.
 Three months ended
June 30,
Six months ended
June 30,
Total revenue:2024202320242023
United States$1,755.8 $1,737.2 $3,417.8 $3,420.4 
International:
United Kingdom237.5 216.3 448.4 412.1 
Continental Europe229.5 214.8 433.4 408.4 
Asia Pacific202.6 211.7 375.7 403.6 
Latin America110.2 110.4 202.8 201.1 
Other174.4 176.1 327.8 341.9 
Total International954.2 929.3 1,788.1 1,767.1 
Total Consolidated$2,710.0 $2,666.5 $5,205.9 $5,187.5 
 
 Three months ended
June 30,
Six months ended
June 30,
Revenue before billable expenses:2024202320242023
United States$1,525.5 $1,531.8 $3,001.8 $3,002.4 
International:
United Kingdom193.7 184.9 371.7 355.1 
Continental Europe199.2 192.5 378.7 356.2 
Asia Pacific167.3 177.3 310.1 336.5 
Latin America102.2 102.4 189.3 187.1 
Other139.2 139.6 258.4 268.1 
Total International801.6 796.7 1,508.2 1,503.0 
Total Consolidated$2,327.1 $2,328.5 $4,510.0 $4,505.4 
MD&EThree months ended
June 30,
Six months ended
June 30,
Total revenue:2024202320242023
United States$680.6 $676.1 $1,318.3 $1,325.8 
International394.8 399.7 730.4 736.9 
Total MD&E$1,075.4 $1,075.8 $2,048.7 $2,062.7 
Revenue before billable expenses:
United States$677.8 $672.4 $1,311.3 $1,309.7 
International385.7 388.5 713.5 717.1 
Total MD&E$1,063.5 $1,060.9 $2,024.8 $2,026.8 
 
IA&CThree months ended
June 30,
Six months ended
June 30,
Total revenue:2024202320242023
United States$626.9 $643.2 $1,251.5 $1,265.5 
International372.5 361.8 711.7 698.5 
Total IA&C$999.4 $1,005.0 $1,963.2 $1,964.0 
Revenue before billable expenses:
United States$599.3 $607.4 $1,200.0 $1,199.7 
International310.8 300.9 591.5 579.1 
Total IA&C$910.1 $908.3 $1,791.5 $1,778.8 
Contract Balances
The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.
June 30,
2024
December 31,
2023
Accounts receivable, net of allowance of $43.8 and $46.4, respectively$4,505.9 $5,768.8 
Accounts receivable, billable to clients2,163.9 2,229.2 
Contract assets45.4 68.6 
Contract liabilities (deferred revenue)609.4 684.7