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Goodwill
 12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill

 


(7) Goodwill

Changes in the carrying value of goodwill by reportable segment and Corporate were as follows:

 

 

 

Americas(1)

 

 

Southern

Europe(2)

 

 

Northern

Europe

 

 

APME

 

 

Right

Management

 

 

Corporate(3)

 

 

Total(4)

 

Balance, January 1, 2018

 

$

519.2

 

 

$

121.9

 

 

$

468.1

 

 

$

106.2

 

 

$

62.1

 

 

$

65.5

 

 

$

1,343.0

 

Goodwill acquired

 

 

4.6

 

 

 

—

 

 

 

—

 

 

 

1.5

 

 

 

—

 

 

 

—

 

 

 

6.1

 

Goodwill allocated to business units sold

 

 

—

 

 

 

—

 

 

 

(8.8

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(8.8

)

Currency impact and other

 

 

(3.9

)

 

 

(9.7

)

 

 

(23.9

)

 

 

(5.7

)

 

 

—

 

 

 

—

 

 

 

(43.2

)

Balance, December 31, 2018

 

 

519.9

 

 

 

112.2

 

 

 

435.4

 

 

 

102.0

 

 

 

62.1

 

 

 

65.5

 

 

 

1,297.1

 

Goodwill acquired

 

 

14.2

 

 

 

33.8

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

48.0

 

Goodwill allocated to business units deconsolidated(5)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(18.5

)

 

 

—

 

 

 

(1.6

)

 

 

(20.1

)

Impairment charge(6)

 

 

—

 

 

 

—

 

 

 

(60.2

)

 

 

(3.8

)

 

 

—

 

 

 

—

 

 

 

(64.0

)

Currency impact and other

 

 

1.5

 

 

 

(1.2

)

 

 

(0.6

)

 

 

(0.6

)

 

 

—

 

 

 

—

 

 

 

(0.9

)

Balance, December 31, 2019

 

$

535.6

 

 

$

144.8

 

 

$

374.6

 

 

$

79.1

 

 

$

62.1

 

 

$

63.9

 

 

$

1,260.1

 

 

(1) Balances related to United States were $476.5 as of January 1, 2018 and December 31, 2018, respectively, and $490.3 as of December 31, 2019.

(2) Balances related to France were $76.3, $68.9 and $67.3 as of January 1, 2018, December 31, 2018 and December 31, 2019, respectively. Balances related to Italy were $5.0, $4.8 and $4.6 as of January 1, 2018, December 31, 2018 and December 31, 2019, respectively.

(3) The majority of the Corporate balance as of December 31, 2019 relates to goodwill attributable to our acquisition of Jefferson Wells ($55.5) which is part of the United States reporting unit. For purposes of monitoring our total assets by segment, we do not allocate the Corporate balance to the respective reportable segments. We do, however, include these balances within the appropriate reporting units for our goodwill impairment testing. See the table below for the breakout of goodwill balances by reporting unit.

(4) Balances were net of accumulated impairment loss of $513.4 ($235.2 related to Right Management and $278.2 related to Corporate) as of January 1, 2018 and December 31, 2018, respectively, and $577.4 ($60.2 related to Northern Europe, $3.8 related to APME, $235.2 related to Right Management and $278.2 related to Corporate) as of December 31, 2019.

(5) Reductions relate to our China and Hong Kong reporting units, which were deconsolidated as of July 10, 2019. See Note 4 to the Consolidated Financial Statements for further information.

(6) The impairment charges of $60.2 and $3.8 relate to our Germany and New Zealand reporting units, respectively, which were recorded during the second quarter of 2019. See Note 1 to the Consolidated Financial Statements for further information.

 

Goodwill balances by reporting unit were as follows:

 

December 31

 

2019

 

 

2018

 

United States

 

$

545.8

 

 

$

532.0

 

Netherlands

 

 

109.5

 

 

 

112.0

 

United Kingdom

 

 

97.3

 

 

 

93.7

 

France

 

 

67.3

 

 

 

68.9

 

Germany

 

 

67.2

 

 

 

129.2

 

Right Management

 

 

62.1

 

 

 

62.1

 

Other reporting units

 

 

310.9

 

 

 

299.2

 

Total goodwill

 

$

1,260.1

 

 

$

1,297.1