XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]    
Cash and cash equivalents $ 571.1 $ 639.0
Accounts receivable, less allowance for doubtful accounts of $102.8 and $109.3, respectively 4,600.2 5,137.4
Prepaid expenses and other assets 165.3 158.0
Total current assets 5,336.6 5,934.4
Other Assets:    
Goodwill [1] 1,620.1 1,628.1
Intangible assets, less accumulated amortization of $492.7 and $468.3, respectively 523.6 549.5
Operating lease right-of-use assets 400.1 365.7
Other assets 588.8 540.5
Total other assets 3,132.6 3,083.8
Property and Equipment:    
Land, buildings, leasehold improvements and equipment 510.9 584.9
Less: accumulated depreciation and amortization 391.3 472.7
Net property and equipment 119.6 112.2
Total assets 8,588.8 9,130.4
Current Liabilities:    
Accounts payable 2,578.2 2,831.4
Employee compensation payable 226.0 271.7
Accrued liabilities 563.6 572.6
Accrued payroll taxes and insurance 644.5 746.7
Value added taxes payable 401.8 462.7
Short-term borrowings and current maturities of long-term debt 13.6 26.6
Total current liabilities 4,427.7 4,911.7
Other Liabilities:    
Long-term debt 948.5 959.9
Long-term operating lease liability 306.2 266.6
Other long-term liabilities 493.1 534.1
Total other liabilities 1,747.8 1,760.6
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 118,378,414 and 118,028,009 shares, respectively 1.2 1.2
Capital in excess of par value 3,505.0 3,484.2
Retained earnings 3,968.7 3,868.5
Accumulated other comprehensive loss (483.1) (458.7)
Treasury stock at cost, 69,266,511 and 67,468,433 shares, respectively (4,589.1) (4,447.9)
Total ManpowerGroup shareholders’ equity 2,402.7 2,447.3
Noncontrolling interests 10.6 10.8
Total shareholders’ equity 2,413.3 2,458.1
Total liabilities and shareholders’ equity $ 8,588.8 $ 9,130.4
[1] Balances were net of accumulated impairment loss of $694.2 as of both September 30, 2023 and December 31, 2022.