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Segment Data (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Data otal assets for the segments are reported after the elimination of investments in subsidiaries and intercompany accounts.

Year Ended December 31

 

2023

 

 

2022

 

 

2021

 

Revenues from Services

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States(a)

 

$

2,961.6

 

 

$

3,499.3

 

 

$

2,743.3

 

Other Americas

 

 

1,453.2

 

 

 

1,436.4

 

 

 

1,520.4

 

 

 

4,414.8

 

 

 

4,935.7

 

 

 

4,263.7

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

4,867.1

 

 

 

4,785.0

 

 

 

5,171.3

 

Italy

 

 

1,708.8

 

 

 

1,706.9

 

 

 

1,795.4

 

Other Southern Europe

 

 

1,939.4

 

 

 

2,044.4

 

 

 

2,380.1

 

 

 

8,515.3

 

 

 

8,536.3

 

 

 

9,346.8

 

Northern Europe

 

 

3,748.0

 

 

 

4,048.3

 

 

 

4,670.5

 

APME

 

 

2,322.3

 

 

 

2,387.3

 

 

 

2,481.1

 

 

 

 

19,000.4

 

 

 

19,907.6

 

 

 

20,762.1

 

Intercompany Eliminations

 

 

(85.9

)

 

 

(80.1

)

 

 

(37.7

)

Consolidated(a)

 

$

18,914.5

 

 

$

19,827.5

 

 

$

20,724.4

 

 

 

 

 

 

 

 

 

 

 

Operating Unit Profit (Loss)

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

100.4

 

 

$

219.2

 

 

$

136.0

 

Other Americas

 

 

65.2

 

 

 

63.4

 

 

 

59.2

 

 

 

165.6

 

 

 

282.6

 

 

 

195.2

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

188.3

 

 

 

226.7

 

 

 

233.5

 

Italy

 

 

124.7

 

 

 

122.9

 

 

 

115.3

 

Other Southern Europe

 

 

44.7

 

 

 

63.4

 

 

 

67.5

 

 

 

 

357.7

 

 

 

413.0

 

 

 

416.3

 

Northern Europe

 

 

(116.7

)

 

 

42.4

 

 

 

67.8

 

APME

 

 

92.6

 

 

 

87.8

 

 

 

84.6

 

 

 

 

499.2

 

 

 

825.8

 

 

 

763.9

 

Corporate expenses

 

 

(153.7

)

 

 

(157.0

)

 

 

(154.3

)

Goodwill impairment charges

 

 

(55.1

)

 

 

(50.0

)

 

 

 

Intangible asset amortization expense(b)

 

 

(34.6

)

 

 

(37.1

)

 

 

(24.2

)

Operating profit

 

 

255.8

 

 

 

581.7

 

 

 

585.4

 

Interest and other expenses, net

 

 

(49.9

)

 

 

(24.6

)

 

 

(17.3

)

Earnings before income taxes

 

$

205.9

 

 

$

557.1

 

 

$

568.1

 

(a) The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $11.9, $12.8 and $12.8 for 2023, 2022, and 2021, 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

 

2023

 

 

2022

 

 

2021

 

Depreciation and Amortization Expense

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

9.5

 

 

$

7.8

 

 

$

6.9

 

Other Americas

 

 

2.2

 

 

 

2.2

 

 

 

2.4

 

 

 

11.7

 

 

 

10.0

 

 

 

9.3

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

12.7

 

 

 

10.5

 

 

 

12.5

 

Italy

 

 

2.2

 

 

 

2.4

 

 

 

2.5

 

Other Southern Europe

 

 

4.4

 

 

 

4.8

 

 

 

5.0

 

 

 

19.3

 

 

 

17.7

 

 

 

20.0

 

Northern Europe

 

 

13.9

 

 

 

10.7

 

 

 

10.9

 

APME

 

 

6.3

 

 

 

7.5

 

 

 

8.3

 

Corporate expenses

 

 

2.8

 

 

 

1.6

 

 

 

0.7

 

Intangible asset amortization expense(a)

 

 

34.6

 

 

 

37.1

 

 

 

24.2

 

 

 

$

88.6

 

 

$

84.6

 

 

$

73.4

 

(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

 

2023

 

 

2022

 

 

2021

 

Total Assets

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

3,054.8

 

 

$

3,243.2

 

 

$

3,434.6

 

Other Americas

 

 

433.4

 

 

 

397.4

 

 

 

397.0

 

 

 

3,488.2

 

 

 

3,640.6

 

 

 

3,831.6

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

2,253.6

 

 

 

2,281.9

 

 

 

2,353.3

 

Italy

 

 

487.0

 

 

 

455.3

 

 

 

509.7

 

Other Southern Europe

 

 

800.4

 

 

 

821.2

 

 

 

828.2

 

 

 

 

3,541.0

 

 

 

3,558.4

 

 

 

3,691.2

 

Northern Europe

 

 

586.3

 

 

 

742.9

 

 

 

1,095.7

 

APME

 

 

719.1

 

 

 

744.4

 

 

 

813.8

 

Corporate(a)

 

 

495.6

 

 

 

444.1

 

 

 

396.6

 

 

 

$

8,830.2

 

 

$

9,130.4

 

 

$

9,828.9

 

(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

 

2023

 

 

2022

 

 

2021

 

Long-lived Assets

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

87.9

 

 

$

79.2

 

 

$

76.9

 

Other Americas

 

 

16.5

 

 

 

14.6

 

 

 

16.3

 

 

 

104.4

 

 

 

93.8

 

 

 

93.2

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

182.9

 

 

 

160.7

 

 

 

135.0

 

Italy

 

 

50.6

 

 

 

32.7

 

 

 

33.6

 

Other Southern Europe

 

 

55.9

 

 

 

60.1

 

 

 

68.7

 

 

 

289.4

 

 

 

253.5

 

 

 

237.3

 

Northern Europe

 

 

138.0

 

 

 

116.5

 

 

 

106.6

 

APME

 

 

46.1

 

 

 

52.8

 

 

 

77.3

 

Corporate

 

 

10.7

 

 

 

9.0

 

 

 

14.0

 

 

$

588.6

 

 

$

525.6

 

 

$

528.4