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Segment Data (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Schedule of Segment Data

Total assets for the segments are reported after the elimination of investments in subsidiaries and intercompany accounts.

 

Year Ended December 31

 

2021

 

 

2020

 

 

2019

 

Revenues from Services(a)

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States(b)

 

$

2,743.3

 

 

$

2,327.2

 

 

$

2,590.6

 

Other Americas

 

 

1,520.4

 

 

 

1,465.2

 

 

 

1,688.0

 

 

 

 

4,263.7

 

 

 

3,792.4

 

 

 

4,278.6

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

5,171.3

 

 

 

4,338.1

 

 

 

5,479.6

 

Italy

 

 

1,795.4

 

 

 

1,370.7

 

 

 

1,508.3

 

Other Southern Europe

 

 

2,380.1

 

 

 

2,146.4

 

 

 

2,206.5

 

 

 

 

9,346.8

 

 

 

7,855.2

 

 

 

9,194.4

 

Northern Europe

 

 

4,670.5

 

 

 

3,976.7

 

 

 

4,735.5

 

APME

 

 

2,481.1

 

 

 

2,376.7

 

 

 

2,655.0

 

 

 

 

20,762.1

 

 

 

18,001.0

 

 

 

20,863.5

 

Intercompany Eliminations

 

 

(37.7

)

 

 

 

 

 

 

Consolidated(b)

 

 

20,724.4

 

 

 

18,001.0

 

 

 

20,863.5

 

 

 

 

 

 

 

 

 

 

 

Operating Unit Profit (Loss)

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

136.0

 

 

$

60.9

 

 

$

128.0

 

Other Americas

 

 

59.2

 

 

 

55.1

 

 

 

75.4

 

 

 

 

195.2

 

 

 

116.0

 

 

 

203.4

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

233.5

 

 

 

149.0

 

 

 

284.9

 

Italy

 

 

115.3

 

 

 

64.2

 

 

 

102.5

 

Other Southern Europe

 

 

67.5

 

 

 

23.8

 

 

 

67.9

 

 

 

 

416.3

 

 

 

237.0

 

 

 

455.3

 

Northern Europe

 

 

67.8

 

 

 

(27.6

)

 

 

74.4

 

APME

 

 

84.6

 

 

 

70.1

 

 

 

127.5

 

 

 

 

763.9

 

 

 

395.5

 

 

 

860.6

 

Corporate expenses

 

 

(154.3

)

 

 

(113.9

)

 

 

(121.9

)

Goodwill impairment charges

 

 

 

 

 

(66.8

)

 

 

(64.0

)

Intangible asset amortization expense(c)

 

 

(24.2

)

 

 

(27.2

)

 

 

(29.8

)

Operating profit

 

 

585.4

 

 

 

187.6

 

 

 

644.9

 

Interest and other (expenses) income, net

 

 

(17.3

)

 

 

(39.9

)

 

 

40.6

 

Earnings before income taxes

 

 

568.1

 

 

 

147.7

 

 

 

685.5

 

 

 

(a) Further breakdown of revenues from services by geographical region was as follows:

Revenues from Services

 

2021

 

 

2020

 

 

2019

 

United States

 

$

2,743.3

 

 

$

2,327.2

 

 

$

2,590.6

 

France

 

 

5,171.3

 

 

 

4,338.1

 

 

 

5,479.6

 

Italy

 

 

1,795.4

 

 

 

1,370.7

 

 

 

1,508.3

 

United Kingdom

 

 

1,733.0

 

 

 

1,402.9

 

 

 

1,598.6

 

Total Foreign

 

 

17,981.1

 

 

 

15,673.8

 

 

 

18,272.9

 

 

(b) The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $12.8, $12.6 and $15.6 for 2021, 2020 and 2019, respectively.

(c) Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.

Schedule of Revenues from Services by Geographical Region Further breakdown of revenues from services by geographical region was as follows:

Revenues from Services

 

2021

 

 

2020

 

 

2019

 

United States

 

$

2,743.3

 

 

$

2,327.2

 

 

$

2,590.6

 

France

 

 

5,171.3

 

 

 

4,338.1

 

 

 

5,479.6

 

Italy

 

 

1,795.4

 

 

 

1,370.7

 

 

 

1,508.3

 

United Kingdom

 

 

1,733.0

 

 

 

1,402.9

 

 

 

1,598.6

 

Total Foreign

 

 

17,981.1

 

 

 

15,673.8

 

 

 

18,272.9

 

Schedule of Segment Information - Depreciation and Amortization Expense, Earnings from Equity Investment, Total Assets, Equity Investments, Long-Lived Assets and Additions to Long-Lived Assets

 

Year Ended December 31

 

2021

 

 

2020

 

 

2019

 

Depreciation and Amortization Expense

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

6.9

 

 

$

7.8

 

 

$

8.6

 

Other Americas

 

 

2.4

 

 

 

2.3

 

 

 

2.4

 

 

 

 

9.3

 

 

 

10.1

 

 

 

11.0

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

12.5

 

 

 

14.4

 

 

 

13.9

 

Italy

 

 

2.5

 

 

 

2.1

 

 

 

1.8

 

Other Southern Europe

 

 

5.0

 

 

 

5.3

 

 

 

4.9

 

 

 

 

20.0

 

 

 

21.8

 

 

 

20.6

 

Northern Europe

 

 

10.9

 

 

 

8.9

 

 

 

9.8

 

APME

 

 

8.3

 

 

 

8.2

 

 

 

5.9

 

Corporate expenses

 

 

0.7

 

 

 

0.1

 

 

 

0.1

 

Intangible asset amortization expense(a)

 

 

24.2

 

 

 

27.2

 

 

 

29.8

 

 

 

$

73.4

 

 

$

76.3

 

 

$

77.2

 

 

 

 

 

 

 

 

 

 

 

Earnings from Equity Investments

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

 

 

$

 

 

$

 

Other Americas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

 

 

 

 

 

 

 

Italy

 

 

 

 

 

(0.1

)

 

 

(0.1

)

Other Southern Europe

 

 

 

 

 

 

 

 

47.5

 

 

 

 

 

 

 

(0.1

)

 

 

47.4

 

Northern Europe

 

 

 

 

 

 

 

 

 

APME

 

 

 

 

 

 

 

 

 

Corporate

 

 

11.8

 

 

 

4.7

 

 

 

3.1

 

 

 

$

11.8

 

 

$

4.6

 

 

$

50.5

 

 

(a) Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.

 

As of December 31

 

2021

 

 

2020

 

 

2019

 

Total Assets

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

3,434.6

 

 

$

2,103.8

 

 

$

2,153.8

 

Other Americas

 

 

397.0

 

 

 

381.3

 

 

 

382.4

 

 

 

 

3,831.6

 

 

 

2,485.1

 

 

 

2,536.2

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

2,353.3

 

 

 

2,778.3

 

 

 

2,732.6

 

Italy

 

 

509.7

 

 

 

540.4

 

 

 

464.2

 

Other Southern Europe

 

 

828.2

 

 

 

848.5

 

 

 

778.7

 

 

 

 

3,691.2

 

 

 

4,167.2

 

 

 

3,975.5

 

Northern Europe

 

 

1,095.7

 

 

 

1,366.7

 

 

 

1,478.5

 

APME

 

 

813.8

 

 

 

806.0

 

 

 

744.2

 

Corporate(a)

 

 

396.6

 

 

 

503.2

 

 

 

489.4

 

 

 

$

9,828.9

 

 

$

9,328.2

 

 

$

9,223.8

 

Equity Investments

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

 

 

$

 

 

$

 

Other Americas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

 

 

 

 

 

 

 

Italy

 

 

0.1

 

 

 

0.1

 

 

 

0.3

 

Other Southern Europe

 

 

 

 

 

 

 

 

 

 

 

 

0.1

 

 

 

0.1

 

 

 

0.3

 

Northern Europe

 

 

 

 

 

 

 

 

 

APME

 

 

0.1

 

 

 

 

 

 

 

Corporate

 

 

114.0

 

 

 

106.5

 

 

 

97.5

 

 

 

$

114.2

 

 

$

106.6

 

 

$

97.8

 

 

(a) Corporate assets include assets that were not used in the operations of any segment, the most significant of which were purchased intangibles and cash.

 

As of and Year Ended December 31

 

2021

 

 

2020

 

 

2019

 

Long-lived Assets(a)(b)

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

76.9

 

 

$

73.9

 

 

$

100.8

 

Other Americas

 

 

16.3

 

 

 

19.6

 

 

 

20.5

 

 

 

 

93.2

 

 

 

93.5

 

 

 

121.3

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

135.0

 

 

 

147.8

 

 

 

157.4

 

Italy

 

 

33.6

 

 

 

36.0

 

 

 

35.1

 

Other Southern Europe

 

 

68.7

 

 

 

68.0

 

 

 

81.3

 

 

 

 

237.3

 

 

 

251.8

 

 

 

273.8

 

Northern Europe

 

 

106.6

 

 

 

127.1

 

 

 

141.7

 

APME

 

 

77.3

 

 

 

76.1

 

 

 

62.4

 

Corporate

 

 

14.0

 

 

 

6.5

 

 

 

0.2

 

 

 

$

528.4

 

 

$

555.0

 

 

$

599.4

 

 

(a) Prior years have been recast to include lease right-of-use assets.

(b) Further breakdown of long-lived assets by geographical region was as follows:

 

Long-Lived Assets

 

2021

 

 

2020

 

 

2019

 

United States

 

$

76.9

 

 

$

73.9

 

 

$

100.8

 

France

 

 

135.0

 

 

 

147.8

 

 

 

157.4

 

Italy

 

 

33.6

 

 

 

36.0

 

 

 

35.1

 

United Kingdom

 

 

25.2

 

 

 

25.8

 

 

 

30.6

 

Total Foreign

 

 

451.5

 

 

 

481.1

 

 

 

498.6

 

Schedule of Long-Lived Assets by Geographical Region

(b) Further breakdown of long-lived assets by geographical region was as follows:

 

Long-Lived Assets

 

2021

 

 

2020

 

 

2019

 

United States

 

$

76.9

 

 

$

73.9

 

 

$

100.8

 

France

 

 

135.0

 

 

 

147.8

 

 

 

157.4

 

Italy

 

 

33.6

 

 

 

36.0

 

 

 

35.1

 

United Kingdom

 

 

25.2

 

 

 

25.8

 

 

 

30.6

 

Total Foreign

 

 

451.5

 

 

 

481.1

 

 

 

498.6