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Segment Data (Tables)
12 Months Ended
Dec. 31, 2022
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

 

2022

 

 

2021

 

 

2020

 

Revenues from Services

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States(a)

 

$

3,499.3

 

 

$

2,743.3

 

 

$

2,327.2

 

Other Americas

 

 

1,436.4

 

 

 

1,520.4

 

 

 

1,465.2

 

 

 

 

4,935.7

 

 

 

4,263.7

 

 

 

3,792.4

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

4,785.0

 

 

 

5,171.3

 

 

 

4,338.1

 

Italy

 

 

1,706.9

 

 

 

1,795.4

 

 

 

1,370.7

 

Other Southern Europe

 

 

2,044.4

 

 

 

2,380.1

 

 

 

2,146.4

 

 

 

 

8,536.3

 

 

 

9,346.8

 

 

 

7,855.2

 

Northern Europe

 

 

4,048.3

 

 

 

4,670.5

 

 

 

3,976.7

 

APME

 

 

2,387.3

 

 

 

2,481.1

 

 

 

2,376.7

 

 

 

 

19,907.6

 

 

 

20,762.1

 

 

 

18,001.0

 

Intercompany Eliminations

 

 

(80.1

)

 

 

(37.7

)

 

 

 

Consolidated(a)

 

$

19,827.5

 

 

$

20,724.4

 

 

$

18,001.0

 

 

 

 

 

 

 

 

 

 

 

Operating Unit Profit (Loss)

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

219.2

 

 

$

136.0

 

 

$

60.9

 

Other Americas

 

 

63.4

 

 

 

59.2

 

 

 

55.1

 

 

 

 

282.6

 

 

 

195.2

 

 

 

116.0

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

226.7

 

 

 

233.5

 

 

 

149.0

 

Italy

 

 

122.9

 

 

 

115.3

 

 

 

64.2

 

Other Southern Europe

 

 

63.4

 

 

 

67.5

 

 

 

23.8

 

 

 

 

413.0

 

 

 

416.3

 

 

 

237.0

 

Northern Europe

 

 

42.4

 

 

 

67.8

 

 

 

(27.6

)

APME

 

 

87.8

 

 

 

84.6

 

 

 

70.1

 

 

 

 

825.8

 

 

 

763.9

 

 

 

395.5

 

Corporate expenses

 

 

(157.0

)

 

 

(154.3

)

 

 

(113.9

)

Goodwill impairment charges

 

 

(50.0

)

 

 

 

 

 

(66.8

)

Intangible asset amortization expense(b)

 

 

(37.1

)

 

 

(24.2

)

 

 

(27.2

)

Operating profit

 

 

581.7

 

 

 

585.4

 

 

 

187.6

 

Interest and other expenses, net

 

 

(24.6

)

 

 

(17.3

)

 

 

(39.9

)

Earnings before income taxes

 

$

557.1

 

 

$

568.1

 

 

$

147.7

 

(a) The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $12.8, $12.8 and $12.6 for 2022, 2021 and 2020, respectively.

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

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

 

2022

 

 

2021

 

 

2020

 

Depreciation and Amortization Expense

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

7.8

 

 

$

6.9

 

 

$

7.8

 

Other Americas

 

 

2.2

 

 

 

2.4

 

 

 

2.3

 

 

 

 

10.0

 

 

 

9.3

 

 

 

10.1

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

10.5

 

 

 

12.5

 

 

 

14.4

 

Italy

 

 

2.4

 

 

 

2.5

 

 

 

2.1

 

Other Southern Europe

 

 

4.8

 

 

 

5.0

 

 

 

5.3

 

 

 

 

17.7

 

 

 

20.0

 

 

 

21.8

 

Northern Europe

 

 

10.7

 

 

 

10.9

 

 

 

8.9

 

APME

 

 

7.5

 

 

 

8.3

 

 

 

8.2

 

Corporate expenses

 

 

1.6

 

 

 

0.7

 

 

 

0.1

 

Intangible asset amortization expense(a)

 

 

37.1

 

 

 

24.2

 

 

 

27.2

 

 

 

$

84.6

 

 

$

73.4

 

 

$

76.3

 

(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

 

2022

 

 

2021

 

 

2020

 

Total Assets

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

3,243.2

 

 

$

3,434.6

 

 

$

2,103.8

 

Other Americas

 

 

397.4

 

 

 

397.0

 

 

 

381.3

 

 

 

 

3,640.6

 

 

 

3,831.6

 

 

 

2,485.1

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

2,281.9

 

 

 

2,353.3

 

 

 

2,778.3

 

Italy

 

 

455.3

 

 

 

509.7

 

 

 

540.4

 

Other Southern Europe

 

 

821.2

 

 

 

828.2

 

 

 

848.5

 

 

 

 

3,558.4

 

 

 

3,691.2

 

 

 

4,167.2

 

Northern Europe

 

 

742.9

 

 

 

1,095.7

 

 

 

1,366.7

 

APME

 

 

744.4

 

 

 

813.8

 

 

 

806.0

 

Corporate(a)

 

 

444.1

 

 

 

396.6

 

 

 

503.2

 

 

 

$

9,130.4

 

 

$

9,828.9

 

 

$

9,328.2

 

(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

 

2022

 

 

2021

 

 

2020

 

Long-lived Assets

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

79.2

 

 

$

76.9

 

 

$

73.9

 

Other Americas

 

 

14.6

 

 

 

16.3

 

 

 

19.6

 

 

 

 

93.8

 

 

 

93.2

 

 

 

93.5

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

160.7

 

 

 

135.0

 

 

 

147.8

 

Italy

 

 

32.7

 

 

 

33.6

 

 

 

36.0

 

Other Southern Europe

 

 

60.1

 

 

 

68.7

 

 

 

68.0

 

 

 

 

253.5

 

 

 

237.3

 

 

 

251.8

 

Northern Europe

 

 

116.5

 

 

 

106.6

 

 

 

127.1

 

APME

 

 

52.8

 

 

 

77.3

 

 

 

76.1

 

Corporate

 

 

9.0

 

 

 

14.0

 

 

 

6.5

 

 

 

$

525.6

 

 

$

528.4

 

 

$

555.0