Supplementary Data (Notes)

3 Months Ended

Mar. 31, 2012

Accrued Liabilities

The following table presents the components of accrued liabilities.



	March 31, 2012		December 31, 2011
Salaries, benefits and related expenses	$	402.1	$	520.6
Office and related expenses	49.7		57.9
Acquisition obligations	45.5		43.7
Interest	24.7		40.3
Professional fees	22.6		25.3
Other	132.1		139.3
Total accrued liabilities	$	676.7	$	827.1

2004 Restatement Liabilities

As part of the restatement we presented in our 2004 Annual Report on Form 10-K (the “2004 Restatement”), we recognized liabilities related to vendor discounts and credits where we had a contractual or legal obligation to rebate such amounts to our clients or vendors. Reductions to these liabilities are achieved through settlements with clients and vendors, but also may occur if the applicable statute of limitations in a jurisdiction has lapsed. As of March 31, 2012 and December 31, 2011, we had vendor discounts and credit liabilities of $52.0 and $55.5, respectively, related to the 2004 Restatement.

Other Expense, net

Results of operations for the three months ended March 31, 2012 and 2011 include certain items which are not directly associated with our revenue-producing operations.



	Three months ended March 31,
	2012			2011
Losses on sales of businesses and investments	$	(3.4	)	$	(6.6	)
Vendor discounts and credit adjustments	2.4			0.1
Other (expense) income, net	(0.3		)	0.4
Total other expense, net	$	(1.3	)	$	(6.1	)

Sales of Businesses and Investments – During each of the three months ended March 31, 2012 and 2011, we recognized a loss relating to the sale of a business in the domestic market within our Integrated Agency Networks ("IAN") segment.

Vendor Discounts and Credit Adjustments – We are in the process of settling our liabilities related to vendor discounts and credits established as part of the 2004 Restatement. These adjustments reflect the reversal of certain of these liabilities as a result of settlements with clients or vendors or where the statute of limitations has lapsed.

Share Repurchase Program

In February 2012, our Board of Directors (the “Board”) authorized a new share repurchase program to repurchase from time to time up to $300.0, excluding fees, of our common stock (the "2012 share repurchase program"). In 2011, the Board authorized a share repurchase program to repurchase from time to time up to $450.0, excluding fees, of our common stock (the "2011 share repurchase program"). We may effect such repurchases through open market purchases, trading plans established in accordance with SEC rules, derivative transactions or other means.

The following table presents our share repurchase activity under our share repurchase programs.



	Three months ended March 31,
	2012		2011
Number of shares repurchased	4.9		0.9
Aggregate cost, including fees	$	52.5	$	10.5
Average price per share, including fees	$	10.61	$	12.36

As of March 31, 2012, $297.5 remains available for repurchase under the 2012 share repurchase program. The 2012 share repurchase program has no expiration date. We completed the 2011 share repurchase program in the first quarter of 2012.

Redeemable Noncontrolling Interests

The following table presents changes in our redeemable noncontrolling interests.



	Three months ended March 31,
	2012			2011
Balance at beginning of period	$	243.4		$	291.2
Change in related noncontrolling interest balance	(3.9		)	(11.2		)
Changes in redemption value of redeemable noncontrolling interests:
Additions	0.0			3.6
Redemptions and other	(13.0		)	(7.4		)
Redemption value adjustments¹	(2.8		)	9.7
Balance at end of period	$	223.7		$	285.9


¹	Redeemable noncontrolling interests are reported at their estimated redemption value in each reporting period, but not less than their initial fair value. Any adjustment to the redemption value impacts retained earnings or additional paid-in capital, except adjustments as a result of currency translation.