XML 78 R71.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Segment Data - Schedule of Segment Data (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Segment Reporting Information [Line Items]        
Revenues from services [1] $ 4,520.7 $ 4,856.1 [2] $ 8,924.0 $ 9,608.4 [3]
Corporate expenses (41.7) (35.5) (83.4) (73.4)
Intangible asset amortization expense (8.1) (8.7) (16.4) (17.5)
Operating profit 101.1 107.6 167.0 225.5
Interest and other expenses, net (8.7) (11.8) (17.1) (19.3)
Earnings before income taxes 92.4 95.8 149.9 206.2
Americas        
Segment Reporting Information [Line Items]        
Operating unit profit [4] 45.1 43.2 71.2 91.8
Southern Europe        
Segment Reporting Information [Line Items]        
Operating unit profit [4] 83.2 92.6 153.1 182.5
Northern Europe        
Segment Reporting Information [Line Items]        
Operating unit profit [4] (2.4) (9.7) (2.4) (4.7)
APME        
Segment Reporting Information [Line Items]        
Operating unit profit [4] 25.0 25.7 44.9 46.8
Northern Europe and APME        
Segment Reporting Information [Line Items]        
Operating unit profit [4] 150.9 151.8 266.8 316.4
Intersegment Eliminations [Member]        
Segment Reporting Information [Line Items]        
Revenues from services (20.4) (21.4) [2] (40.2) (40.7) [3]
United States | Americas        
Segment Reporting Information [Line Items]        
Revenues from services 697.0 709.1 [5] 1,377.4 1,450.7 [6]
Other Americas | Americas        
Segment Reporting Information [Line Items]        
Revenues from services 367.4 389.6 [5] 723.4 778.2 [6]
France | Southern Europe        
Segment Reporting Information [Line Items]        
Revenues from services 1,184.9 1,278.2 [5] 2,304.2 2,447.5 [6]
Italy | Southern Europe        
Segment Reporting Information [Line Items]        
Revenues from services 434.9 457.8 [5] 839.2 880.0 [6]
Other Southern Europe | Southern Europe        
Segment Reporting Information [Line Items]        
Revenues from services 478.2 490.9 [5] 935.9 967.3 [6]
Reportable subsegments | Americas        
Segment Reporting Information [Line Items]        
Revenues from services 1,064.4 1,098.7 [2] 2,100.8 2,228.9 [3]
Reportable subsegments | Southern Europe        
Segment Reporting Information [Line Items]        
Revenues from services 2,098.0 2,226.9 [2] 4,079.3 4,294.8 [3]
Reportable subsegments | Northern Europe        
Segment Reporting Information [Line Items]        
Revenues from services 837.3 952.5 [2] 1,707.6 1,920.1 [3]
Reportable subsegments | APME        
Segment Reporting Information [Line Items]        
Revenues from services 541.4 599.4 [2] 1,076.5 1,205.3 [3]
Reportable subsegments | Northern Europe and APME        
Segment Reporting Information [Line Items]        
Revenues from services 4,541.1 4,877.5 [2] 8,964.2 9,649.1 [3]
Reportable subsegments | United States | Americas        
Segment Reporting Information [Line Items]        
Revenues from services [7] 697.0 709.1 [2] 1,377.4 1,450.7 [3]
Operating unit profit [4] 27.4 23.1 39.4 53.1
Reportable subsegments | Other Americas | Americas        
Segment Reporting Information [Line Items]        
Revenues from services 367.4 389.6 [2] 723.4 778.2 [3]
Operating unit profit [4] 17.7 20.1 31.8 38.7
Reportable subsegments | France | Southern Europe        
Segment Reporting Information [Line Items]        
Revenues from services 1,184.9 1,278.2 [2] 2,304.2 2,447.5 [3]
Operating unit profit [4] 40.3 49.5 73.4 94.4
Reportable subsegments | Italy | Southern Europe        
Segment Reporting Information [Line Items]        
Revenues from services 434.9 457.8 [2] 839.2 880.0 [3]
Operating unit profit [4] 34.0 36.3 61.4 67.0
Reportable subsegments | Other Southern Europe | Southern Europe        
Segment Reporting Information [Line Items]        
Revenues from services 478.2 490.9 [2] 935.9 967.3 [3]
Operating unit profit [4] $ 8.9 $ 6.8 $ 18.3 $ 21.1
[1] Our consolidated revenues from services include fees received from our franchise offices of $4.0 and $3.3 for the three months ended June 30, 2024 and 2023, respectively, and $7.3 and $7.2 for the six months ended June 30, 2024 and 2023, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $287.7 and $250.6 for the three months ended June 30, 2024 and 2023, respectively, and $564.9 and $500.8 for the six months ended June 30, 2024 and 2023, respectively.
[2] Effective January 1, 2024, our segment reporting was realigned to include our Puerto Rico business within Other Americas. Accordingly, United States is now adjusted to exclude Puerto Rico. All previously reported results have been restated to conform to the current year presentation.
[3] Effective January 1, 2024, our segment reporting was realigned to include our Puerto Rico business within Other Americas. Accordingly, United States is now adjusted to exclude Puerto Rico. All previously reported results have been restated to conform to the current year presentation.
[4] We evaluate segment performance based on operating unit profit (“OUP”), which is equal to segment revenues less cost of services and branch and national headquarters operating costs. This profit measure does not include goodwill and intangible asset impairment charges or amortization of intangibles related to acquisitions, corporate expenses, interest and other expense amounts or income taxes.
[5] Effective January 1, 2024, our segment reporting was realigned to include our Puerto Rico business within Other Americas. Accordingly, United States is now adjusted to exclude Puerto Rico. All previously reported results have been restated to conform to the current year presentation.
[6] Effective January 1, 2024, our segment reporting was realigned to include our Puerto Rico business within Other Americas. Accordingly, United States is now adjusted to exclude Puerto Rico. All previously reported results have been restated to conform to the current year presentation.
[7] In the United States, revenues from services included fees received from the related franchise offices of $3.2 and $2.6 for the three months ended June 30, 2024 and 2023, respectively, and $5.6 and $5.8 for the six months ended June 30, 2024 and 2023, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $99.8 and $100.8 for the three months ended June 30, 2024 and 2023, respectively, and $187.2 and $200.1 for the six months ended June 30, 2024 and 2023, respectively.