XML 52 R41.htm IDEA: XBRL DOCUMENT v3.25.4
Segment Data (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Data

Total assets for the segments are reported after the elimination of investments in subsidiaries and intercompany accounts.

Year Ended December 31, 2025

 

Revenue

 

 

Cost of Services

 

 

Selling and
Administrative
Expenses

 

 

OUP

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States(a)

 

$

2,735.4

 

 

$

2,039.5

 

 

$

629.9

 

 

$

66.0

 

Other Americas

 

 

1,613.4

 

 

 

1,368.0

 

 

 

174.5

 

 

 

70.9

 

 

 

 

4,348.8

 

 

 

3,407.5

 

 

 

804.4

 

 

 

136.9

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

4,459.4

 

 

 

3,831.8

 

 

 

517.7

 

 

 

109.9

 

Italy

 

 

1,822.1

 

 

 

1,533.3

 

 

 

173.0

 

 

 

115.8

 

Other Southern Europe

 

 

2,154.8

 

 

 

1,871.2

 

 

 

248.7

 

 

 

34.9

 

 

 

 

8,436.3

 

 

 

7,236.3

 

 

 

939.4

 

 

 

260.6

 

Northern Europe

 

 

3,161.1

 

 

 

2,639.2

 

 

 

565.2

 

 

 

(43.3

)

APME

 

 

2,041.9

 

 

 

1,701.4

 

 

 

239.9

 

 

 

100.6

 

Total Segments

 

 

17,988.1

 

 

 

14,984.4

 

 

 

2,548.9

 

 

 

454.8

 

Intercompany Eliminations

 

 

(31.0

)

 

 

(24.9

)

 

 

(6.1

)

 

 

—

 

 

 

$

17,957.1

 

 

$

14,959.5

 

 

$

2,542.8

 

 

$

454.8

 

Reconciliation of operating unit profit (segment OUP)

 

 

 

 

 

 

 

 

 

 

 

 

Corporate expenses

 

 

 

 

 

 

 

 

 

 

$

(184.7

)

Impairment charges(b)

 

 

 

 

 

 

 

 

 

 

 

(88.7

)

Intangible asset amortization expense(c)

 

 

 

 

 

 

 

 

 

 

 

(31.3

)

Operating profit

 

 

 

 

 

 

 

 

 

 

 

150.1

 

Interest and other expenses, net

 

 

 

 

 

 

 

 

 

 

$

(56.7

)

Earnings before income taxes

 

 

 

 

 

 

 

 

 

 

$

93.4

 
(a)
The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $10.1 for 2025.
(b)
Impairment charges for the year ended December 31, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite-lived intangible asset in our Switzerland business.
(c)
Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.

Year Ended December 31, 2025

 

Total Assets

 

 

Long-lived Assets(a)

 

 

Depreciation and
Amortization Expense

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

2,973.4

 

 

$

76.4

 

 

$

9.2

 

Other Americas

 

 

547.6

 

 

 

15.0

 

 

 

2.4

 

 

 

 

3,521.0

 

 

 

91.4

 

 

 

11.6

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

2,236.5

 

 

 

180.5

 

 

 

15.5

 

Italy

 

 

555.2

 

 

 

50.1

 

 

 

2.1

 

Other Southern Europe

 

 

893.3

 

 

 

50.2

 

 

 

4.4

 

 

 

 

3,685.0

 

 

 

280.8

 

 

 

22.0

 

Northern Europe

 

 

443.9

 

 

 

117.2

 

 

 

11.8

 

APME

 

 

668.2

 

 

 

55.4

 

 

 

5.8

 

Corporate(b)

 

 

842.0

 

 

 

10.4

 

 

 

3.5

 

Intangible asset amortization expense(c)

 

 

—

 

 

 

—

 

 

 

31.3

 

 

 

$

9,160.1

 

 

$

555.2

 

 

$

86.0

 
(a)
Long-lived assets consist of net property and equipment, net capitalized software and right-of-use assets.
(b)
Corporate assets include assets that were not used in the operations of any segment. The most significant assets were purchased intangibles and cash, including the proceeds from the €500.0 Euro notes issued in December 2025.
(c)
Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.

Year Ended December 31, 2024

 

Revenue

 

 

Cost of Services

 

 

Selling and
Administrative
Expenses

 

 

OUP

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States(a)

 

$

2,766.6

 

 

$

2,032.3

 

 

$

656.6

 

 

$

77.7

 

Other Americas

 

 

1,458.3

 

 

 

1,220.4

 

 

 

174.0

 

 

 

63.9

 

 

 

 

4,224.9

 

 

 

3,252.7

 

 

 

830.6

 

 

 

141.6

 

Southern Europe:(b)

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

4,531.5

 

 

 

3,873.8

 

 

 

508.2

 

 

 

149.5

 

Italy

 

 

1,677.0

 

 

 

1,398.1

 

 

 

165.8

 

 

 

113.1

 

Other Southern Europe

 

 

2,009.8

 

 

 

1,745.7

 

 

 

222.6

 

 

 

41.5

 

 

 

 

8,218.3

 

 

 

7,017.6

 

 

 

896.6

 

 

 

304.1

 

Northern Europe

 

 

3,304.3

 

 

 

2,728.0

 

 

 

620.9

 

 

 

(44.6

)

APME

 

 

2,161.3

 

 

 

1,820.1

 

 

 

257.5

 

 

 

83.7

 

Total Segments

 

 

17,908.8

 

 

 

14,818.4

 

 

 

2,605.6

 

 

 

484.8

 

Intercompany Eliminations

 

 

(54.9

)

 

 

(51.3

)

 

 

(3.6

)

 

 

—

 

 

 

$

17,853.9

 

 

$

14,767.1

 

 

$

2,602.0

 

 

$

484.8

 

Reconciliation of operating unit profit (segment OUP)

 

 

 

 

 

 

 

 

 

 

 

 

Corporate expenses

 

 

 

 

 

 

 

 

 

 

$

(146.1

)

Intangible asset amortization expense(c)

 

 

 

 

 

 

 

 

 

 

 

(32.7

)

Operating profit

 

 

 

 

 

 

 

 

 

 

 

306.0

 

Interest and other expenses, net

 

 

 

 

 

 

 

 

 

 

 

(49.2

)

Earnings before income taxes

 

 

 

 

 

 

 

 

 

 

$

256.8

 
The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $10.7 for 2024.
(b)
Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco. All previously reported results have been recast to conform to the current year presentation.
(c)
Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.

Year Ended December 31, 2024

 

Total Assets

 

 

Long-lived Assets(a)

 

 

Depreciation and
Amortization Expense

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

2,902.4

 

 

$

77.7

 

 

$

9.7

 

Other Americas

 

 

465.3

 

 

 

13.3

 

 

 

2.6

 

 

 

 

3,367.7

 

 

 

91.0

 

 

 

12.3

 

Southern Europe:(b)

 

 

 

 

 

 

 

 

 

France

 

 

2,021.2

 

 

 

171.8

 

 

 

15.2

 

Italy

 

 

479.3

 

 

 

45.6

 

 

 

2.0

 

Other Southern Europe

 

 

790.9

 

 

 

45.5

 

 

 

3.9

 

 

 

 

3,291.4

 

 

 

262.9

 

 

 

21.1

 

Northern Europe

 

 

597.7

 

 

 

115.1

 

 

 

10.9

 

APME

 

 

615.0

 

 

 

39.7

 

 

 

5.5

 

Corporate(c)

 

 

329.2

 

 

 

7.5

 

 

 

4.1

 

Intangible asset amortization expense(d)

 

 

—

 

 

 

—

 

 

 

32.7

 

 

 

$

8,201.0

 

 

$

516.2

 

 

$

86.6

 
(a)
Long-lived assets consist of net property and equipment, net capitalized software and right-of-use assets.
(b)
Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco's total assets.
(c)
Corporate assets include assets that were not used in the operations of any segment, the most significant of which were purchased intangibles and cash.
(d)
Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.

Year Ended December 31, 2023

 

Revenue

 

 

Cost of Services

 

 

Selling and
Administrative
Expenses

 

 

OUP

 

Americas:(a)

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

2,866.2

 

 

$

2,081.6

 

 

$

690.2

 

 

$

94.4

 

Other Americas

 

 

1,548.6

 

 

 

1,294.5

 

 

 

182.9

 

 

 

71.2

 

 

 

 

4,414.8

 

 

 

3,376.1

 

 

 

873.1

 

 

 

165.6

 

Southern Europe:(b)

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

4,790.1

 

 

 

4,076.7

 

 

 

526.6

 

 

 

186.8

 

Italy

 

 

1,708.8

 

 

 

1,418.4

 

 

 

165.7

 

 

 

124.7

 

Other Southern Europe

 

 

2,016.4

 

 

 

1,731.8

 

 

 

238.4

 

 

 

46.2

 

 

 

 

8,515.3

 

 

 

7,226.9

 

 

 

930.7

 

 

 

357.7

 

Northern Europe

 

 

3,748.0

 

 

 

3,099.0

 

 

 

765.7

 

 

 

(116.7

)

APME

 

 

2,322.3

 

 

 

1,940.2

 

 

 

289.5

 

 

 

92.6

 

Total Segments

 

 

19,000.4

 

 

 

15,642.2

 

 

 

2,859.0

 

 

 

499.2

 

Intercompany Eliminations

 

 

(85.9

)

 

 

(85.9

)

 

 

—

 

 

 

—

 

 

 

$

18,914.5

 

 

$

15,556.3

 

 

$

2,859.0

 

 

$

499.2

 

Reconciliation of operating unit profit (segment OUP)

 

 

 

 

 

 

 

 

 

 

 

 

Corporate expenses

 

 

 

 

 

 

 

 

 

 

$

(153.7

)

Goodwill impairment charges

 

 

 

 

 

 

 

 

 

 

 

(55.1

)

Intangible asset amortization expense(c)

 

 

 

 

 

 

 

 

 

 

 

(34.6

)

Operating profit

 

 

 

 

 

 

 

 

 

 

 

255.8

 

Interest and other expenses, net

 

 

 

 

 

 

 

 

 

 

 

(49.9

)

Earnings before income taxes

 

 

 

 

 

 

 

 

 

 

$

205.9

 
(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 for 2023.
(b)
Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco. All previously reported results have been recast to conform to the current year presentation.
(c)
Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.

Year Ended December 31, 2023

 

Total
Assets

 

 

Long-lived Assets(a)

 

 

Depreciation and
Amortization Expense

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

3,050.4

 

 

$

87.9

 

 

$

9.5

 

Other Americas

 

 

437.8

 

 

 

16.5

 

 

 

2.2

 

 

 

 

3,488.2

 

 

 

104.4

 

 

 

11.7

 

Southern Europe:(b)

 

 

 

 

 

 

 

 

 

France

 

 

2,222.4

 

 

 

182.9

 

 

 

12.7

 

Italy

 

 

487.0

 

 

 

50.6

 

 

 

2.2

 

Other Southern Europe

 

 

831.6

 

 

 

55.9

 

 

 

4.4

 

 

 

 

3,541.0

 

 

 

289.4

 

 

 

19.3

 

Northern Europe

 

 

586.3

 

 

 

138.0

 

 

 

13.9

 

APME

 

 

719.1

 

 

 

46.1

 

 

 

6.3

 

Corporate(c)

 

 

495.6

 

 

 

10.7

 

 

 

2.8

 

Intangible asset amortization expense(d)

 

 

—

 

 

 

—

 

 

 

34.6

 

 

 

$

8,830.2

 

 

$

588.6

 

 

$

88.6

 
(a)
Long-lived assets consist of net property and equipment, net capitalized software and right-of-use assets.
(b)
Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco's total assets.
(c)
Corporate assets include assets that were not used in the operations of any segment, the most significant of which were purchased intangibles and cash.
(d)
Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.