Supplementary Data (Notes)

9 Months Ended

Sep. 30, 2020

The following table presents the components of accrued liabilities.


	September 30, 2020		December 31, 2019
Salaries, benefits and related expenses	$	415.6	$	494.1
Interest	58.7		38.8
Acquisition obligations	49.9		45.7
Restructuring charges	25.9		1.6
Office and related expenses	22.7		26.9
Income taxes payable	0.0		43.2
Other	71.9		92.5
Total accrued liabilities	$	644.7	$	742.8

Other Income, Net

Other Expense, Net

Results of operations for the three and nine months ended September 30, 2020 and 2019 include certain items that are not directly associated with our revenue-producing operations.


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
Net losses on sales of businesses	$	(8.6)	$	(7.7)	$	(51.8)	$	(19.5)
Other	(2.7)		0.3		(2.8)		1.4
Total other expense, net	$	(11.3)	$	(7.4)	$	(54.6)	$	(18.1)

Net losses on sales of businesses – During the three and nine months ended September 30, 2020, 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 the three and nine months ended September 30, 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 reportable segment. The businesses held for sale primarily represent unprofitable, non-strategic agencies which are expected to be sold within the next twelve months.

Other – During the nine months ended September 30, 2019, the amounts recognized were primarily a result of changes in the fair market value of equity investments, partially offset by the sale of an equity investment.

Share Repurchase Program

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 September 30, 2020, $338.4, excluding fees, remains available for repurchase under the share repurchase programs authorized in previous years, which have no expiration date.

Redeemable Noncontrolling Interest [Table Text Block]

Redeemable Noncontrolling Interests

Many of our acquisitions include provisions under which the noncontrolling equity owners may require us to purchase additional interests in a subsidiary at their discretion. Redeemable noncontrolling interests are adjusted quarterly, if necessary, to their estimated redemption value, but not less than their initial fair value. Any adjustments to the redemption value impact retained earnings or additional paid in capital, except for foreign currency translation adjustments.

The following table presents changes in our redeemable noncontrolling interests.


	Nine months ended September 30,
	2020		2019
Balance at beginning of period	$	164.7	$	167.9
Change in related noncontrolling interests balance	(6.0)		(2.1)
Changes in redemption value of redeemable noncontrolling interests:
Additions	0.0		24.3
Redemptions	(2.5)		(3.1)
Redemption value adjustments	(3.4)		(1.6)
Balance at end of period	$	152.8	$	185.4