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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 639.0 $ 847.8
Accounts receivable, less allowance for doubtful accounts of $109.3 and $121.6, respectively 5,137.4 5,448.2
Prepaid expenses and other assets 158.0 126.7
Total current assets 5,934.4 6,422.7
Other Assets    
Goodwill [1],[2] 1,628.1 1,722.2
Intangible assets, less accumulated amortization of $468.3 and $441.3, respectively 549.5 583.6
Operating lease right-of-use asset 365.7 373.4
Other assets 540.5 610.2
Total other assets 3,083.8 3,289.4
Property and Equipment    
Land, buildings, leasehold improvements and equipment 584.9 594.9
Less: accumulated depreciation and amortization 472.7 478.1
Net property and equipment 112.2 116.8
Total assets 9,130.4 9,828.9
Current Liabilities    
Accounts payable 2,831.4 3,039.2
Employee compensation payable 271.7 299.4
Accrued liabilities 572.6 584.7
Accrued payroll taxes and insurance 746.7 789.1
Value added taxes payable 462.7 515.5
Short-term borrowings and current maturities of long-term debt 26.6 552.6
Total current liabilities 4,911.7 5,780.5
Other liabilities    
Long-term debt 959.9 565.7
Long-term operating lease liability 266.6 275.8
Other long-term liabilities 534.1 675.2
Total other liabilities 1,760.6 1,516.7
Commitments and contingencies (Note 15)
Shareholders’ Equity    
Preferred stock, $.01 par value, authorized 25,000,000 shares, none issued 0.0 0.0
Common stock, $.01 par value, authorized 125,000,000 shares, issued 118,028,009 and 117,762,065 shares, respectively 1.2 1.2
Capital in excess of par value 3,484.2 3,444.7
Retained earnings 3,868.5 3,634.6
Accumulated other comprehensive loss (458.7) (389.4)
Treasury stock at cost, 67,468,433 and 64,165,136 shares, respectively (4,447.9) (4,169.4)
Total ManpowerGroup shareholders' equity 2,447.3 2,521.7
Noncontrolling interests 10.8 10.0
Total shareholders’ equity 2,458.1 2,531.7
Total liabilities and shareholders’ equity $ 9,130.4 $ 9,828.9
[1] Balances were net of accumulated impairment loss of $694.2 and $644.2 as of December 31, 2022 and 2021, respectively.
[2] Balances were net of accumulated impairment loss of $644.2 ($127.0 related to Northern Europe, $3.8 related to APME, $235.2 related to Right Management and $278.2 related to corporate) as of both January 1, 2021 and December 31, 2021; and $694.2 ($177.0 related to Northern Europe, $3.8 related to APME, $235.2 related to Right Management and $278.2 related to Corporate) as of December 31, 2022.