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Segment Data (Tables)
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of Segment Data

 

 

3 Months Ended September 30,

 

 

9 Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Revenues from services:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States (a)

 

$

578.8

 

 

$

666.4

 

 

$

1,705.6

 

 

$

1,942.3

 

Other Americas

 

 

350.3

 

 

 

428.1

 

 

 

1,071.1

 

 

 

1,250.6

 

 

 

 

929.1

 

 

 

1,094.5

 

 

 

2,776.7

 

 

 

3,192.9

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

1,205.3

 

 

 

1,386.4

 

 

 

3,035.1

 

 

 

4,117.8

 

Italy

 

 

351.2

 

 

 

376.9

 

 

 

947.4

 

 

 

1,127.7

 

Other Southern Europe

 

 

555.9

 

 

 

594.5

 

 

 

1,545.4

 

 

 

1,615.4

 

 

 

 

2,112.4

 

 

 

2,357.8

 

 

 

5,527.9

 

 

 

6,860.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Northern Europe

 

 

947.7

 

 

 

1,166.8

 

 

 

2,881.9

 

 

 

3,561.4

 

APME

 

 

595.6

 

 

 

629.8

 

 

 

1,759.6

 

 

 

2,051.7

 

Consolidated (b)

 

$

4,584.8

 

 

$

5,248.9

 

 

$

12,946.1

 

 

$

15,666.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating unit profit (loss): (c)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

19.3

 

 

$

39.8

 

 

$

30.8

 

 

 

94.1

 

Other Americas

 

 

12.2

 

 

 

19.5

 

 

 

37.0

 

 

 

52.5

 

 

 

 

31.5

 

 

 

59.3

 

 

 

67.8

 

 

 

146.6

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

51.5

 

 

 

70.3

 

 

 

87.0

 

 

 

201.3

 

Italy

 

 

15.4

 

 

 

23.3

 

 

 

40.6

 

 

 

73.4

 

Other Southern Europe

 

 

4.7

 

 

 

22.8

 

 

 

9.1

 

 

 

51.9

 

 

 

 

71.6

 

 

 

116.4

 

 

 

136.7

 

 

 

326.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Northern Europe

 

 

(22.5

)

 

 

22.8

 

 

 

(36.3

)

 

 

50.3

 

APME

 

 

16.7

 

 

 

54.9

 

 

 

51.6

 

 

 

105.2

 

 

 

 

97.3

 

 

 

253.4

 

 

 

219.8

 

 

 

628.7

 

Corporate expenses

 

 

(29.1

)

 

 

(29.2

)

 

 

(83.5

)

 

 

(89.0

)

Goodwill impairment charges

 

 

-

 

 

 

-

 

 

 

(66.8

)

 

 

(64.0

)

Intangible asset amortization expense

 

 

(6.6

)

 

 

(7.2

)

 

 

(20.2

)

 

 

(22.4

)

Operating profit

 

 

61.6

 

 

 

217.0

 

 

 

49.3

 

 

 

453.3

 

Interest and other (expenses) income, net

 

 

(6.0

)

 

 

(12.2

)

 

 

(32.3

)

 

 

46.1

 

Earnings before income taxes

 

$

55.6

 

 

$

204.8

 

 

$

17.0

 

 

$

499.4

 

 

(a)

In the United States, revenues from services included fees received from the related franchise offices of $3.4 and $3.5 for the three months ended September 30, 2020 and 2019, respectively, and $8.8 and $10.8 for the nine months ended September 30, 2020 and 2019, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $116.9 and $151.6 for the three months ended September 30, 2020 and 2019, respectively, and $315.7 and $462.8 for the nine months ended September 30, 2020 and 2019, respectively.

(b)

Our consolidated revenues from services include fees received from our franchise offices of $3.8 and $4.3 for the three months ended September 30, 2020 and 2019, respectively, and $9.9 and $14.0 for the nine months ended September 30, 2020 and 2019, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $236.9 and $274.0 for the three months ended September 30, 2020 and 2019, respectively, and $447.3 and $680.2 for the nine months ended September 30, 2020 and 2019, respectively.

(c)

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 income and expense amounts or income taxes.