XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]    
Cash and cash equivalents $ 706.7 $ 639.0
Accounts receivable, less allowance for doubtful accounts of $0.0 and $109.3, respectively 4,773.2 5,137.4
Prepaid expenses and other assets 178.0 158.0
Total current assets 5,657.9 5,934.4
Other Assets:    
Goodwill [1] 1,631.7 1,628.1
Intangible assets, less accumulated amortization of $0.0 and $468.3, respectively 541.4 549.5
Operating lease right-of-use assets 381.8 365.7
Other assets 566.4 540.5
Total other assets 3,121.3 3,083.8
Property and Equipment:    
Land, buildings, leasehold improvements and equipment 595.1 584.9
Less: accumulated depreciation and amortization 484.7 472.7
Net property and equipment 110.4 112.2
Total assets 8,889.6 9,130.4
Current Liabilities:    
Accounts payable 2,662.4 2,831.4
Employee compensation payable 200.0 271.7
Accrued liabilities 576.7 572.6
Accrued payroll taxes and insurance 694.8 746.7
Value added taxes payable 429.1 462.7
Short-term borrowings and current maturities of long-term debt 16.6 26.6
Total current liabilities 4,579.6 4,911.7
Other Liabilities:    
Long-term debt 972.4 959.9
Long-term operating lease liability 282.6 266.6
Other long-term liabilities 545.6 534.1
Total other liabilities 1,800.6 1,760.6
ManpowerGroup 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 00 and 118,028,009 shares, respectively 1.2 1.2
Capital in excess of par value 3,490.6 3,484.2
Retained earnings 3,946.3 3,868.5
Accumulated other comprehensive loss (451.6) (458.7)
Treasury stock at cost, 00 and 67,468,433 shares, respectively (4,488.1) (4,447.9)
Total ManpowerGroup shareholders’ equity 2,498.4 2,447.3
Noncontrolling interests 11.0 10.8
Total shareholders’ equity 2,509.4 2,458.1
Total liabilities and shareholders’ equity $ 8,889.6 $ 9,130.4
[1] Balances were net of accumulated impairment loss of $694.2 as of both March 31, 2023 and December 31, 2022.