XML 135 R13.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Supplementary Data (Notes)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Supplementary Data [Abstract]    
Supplementary Data
Valuation and Qualifying Accounts – Allowance for Uncollectible Accounts Receivable
 
Years ended December 31,
 
2019
 
2018
 
2017
Balance at beginning of period
$
42.5

 
$
42.7

 
$
55.7

Charges to costs and expenses
10.1

 
6.5

 
9.5

Adjustments:
 
 
 
 
 
Acquisitions/(dispositions)
(0.3
)
 
2.2

 
(1.0
)
Uncollectible accounts written off
(11.9
)
 
(7.1
)
 
(25.5
)
Foreign currency translation adjustments
(0.2
)
 
(1.8
)
 
4.0

Balance at end of period
$
40.2

 
$
42.5

 
$
42.7


Property and Equipment
 
 
December 31,
 
 
2019
 
2018
Furniture and equipment
 
$
694.3

 
$
681.7

Leasehold improvements
 
634.9

 
629.0

Internal-use computer software
 
422.0

 
368.5

Land and buildings
 
143.3

 
146.6

Gross property and equipment
 
1,894.5

 
1,825.8

Less: accumulated depreciation and amortization
 
(1,116.4
)
 
(1,034.9
)
Total property and equipment, net
 
$
778.1

 
$
790.9


Total depreciation and amortization expense, which excludes the amortization of acquired intangibles, for property and equipment for the years ended December 31, 2019, 2018 and 2017 was $192.5, $165.3 and $136.0, respectively.
Accrued Liabilities
The following table presents the components of accrued liabilities.
 
December 31,
 
2019
 
2018
Salaries, benefits and related expenses
$
494.1

 
$
494.9

Acquisition obligations
45.7

 
65.7

Office and related expenses
26.9

 
52.2

Interest
38.8

 
43.6

Restructuring charges
1.6

 
0.0

Other
135.7

 
150.5

Total accrued liabilities
$
742.8

 
$
806.9


Other Expense, Net
Results of operations include certain items that are not directly associated with our revenue-producing operations.
 
Years ended December 31,
 
2019
 
2018
 
2017
Net losses on sales of businesses
$
(43.4
)
 
$
(61.9
)
 
$
(24.1
)
Other
0.5

 
(7.7
)
 
(2.1
)
Total other expense, net
$
(42.9
)
 
$
(69.6
)
 
$
(26.2
)

Net losses on sales of businesses – During 2019, the amounts recognized were related to sales of businesses and the classification of certain assets and liabilities, consisting primarily of cash, as held for sale within our IAN and CMG reportable segments. During 2018, the amounts recognized were related to sales of businesses and the classification of certain assets and liabilities, consisting primarily of cash, as held for sale within our IAN and CMG reportable segments. During 2017, the amounts recognized were related to sales of businesses and the classification of certain assets and liabilities, consisting primarily of cash, accounts receivable and accounts payable, as held for sale within our IAN reportable segment. The businesses held for sale as of year end primarily represent unprofitable, non-strategic agencies which are expected to be sold within the next twelve months.
Other – During 2019, the amounts recognized are primarily a result of changes in fair market value of equity investments, partially offset by the sale of an equity investment. During 2018, the amounts recognized are primarily a result of transaction-related costs from the Acxiom acquisition, partially offset by changes in fair market value of equity investments.
Share Repurchase Program
On July 2, 2018, in connection with the announcement of the Acxiom acquisition, we announced that share repurchases will be suspended for a period of time in order to reduce the increased debt levels incurred in conjunction with the acquisition. As of December 31, 2019, $338.4, excluding fees, remains available for repurchase under the share repurchase programs authorized in previous years, which has no expiration date.
Supplemental Cash Flow Information
 
Years ended December 31,
 
2019
 
2018
 
2017
Cash paid for interest
$
192.7

 
$
88.7

 
$
82.3

Cash paid for income taxes, net of refunds 1
150.2

 
207.9

 
228.4

 
1
Refunds of $92.6, $24.3 and $31.9 were received for the years ended December 31, 2019, 2018 and 2017, respectively.
 Supplementary Data