XML 22 R11.htm IDEA: XBRL DOCUMENT v3.21.2
Revenue Recognition
9 Months Ended
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]  
Revenue Recognition

(3) Revenue Recognition

For certain client contracts where we recognize revenues over time, we recognize the amount that we have the right to invoice, which corresponds directly to the value provided to the client of our performance to date.

We do not disclose the amount of unsatisfied performance obligations for client contracts with an original expected length of one year or less and those client contracts for which we recognize revenues at the amount to which we have the right to invoice for services performed. We have other contracts with revenues expected to be recognized subsequent to September 30, 2021, related to remaining performance obligations, which are not material.

We record accounts receivable when our right to consideration becomes unconditional. Contract assets primarily relate to our rights to consideration for services provided that they are conditional on satisfaction of future performance obligations. We record contract liabilities (deferred revenue) when payments are made or due prior to the related performance obligations being satisfied. The current portion of our contract liabilities is included in accrued liabilities in our Consolidated Balance Sheets. We do not have any material contract assets or long-term contract liabilities.

Our deferred revenue was $30.5 as of September 30, 2021 and $34.9 as of December 31, 2020.

In the following table, revenue is disaggregated by service types for each of our reportable segments. See Note 2 to the Consolidated Financial Statements in our 2020 Annual Report on Form 10-K for descriptions of revenue service types.

 

 

 

Three Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

 

Staffing
and
Interim

 

 

Outcome-
Based
Solutions
and
Consulting

 

 

Permanent
Recruitment

 

 

Other

 

 

Total

 

 

Staffing
and
Interim

 

 

Outcome-
Based
Solutions
and
Consulting

 

 

Permanent
Recruitment

 

 

Other

 

 

Total

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

525.0

 

 

$

46.1

 

 

$

40.4

 

 

$

33.4

 

 

$

644.9

 

 

$

478.2

 

 

$

33.0

 

 

$

21.3

 

 

$

46.3

 

 

$

578.8

 

Other Americas

 

 

328.8

 

 

 

12.6

 

 

 

9.7

 

 

 

1.6

 

 

 

352.7

 

 

 

332.0

 

 

 

10.9

 

 

 

4.0

 

 

 

3.4

 

 

 

350.3

 

 

 

 

853.8

 

 

 

58.7

 

 

 

50.1

 

 

 

35.0

 

 

 

997.6

 

 

 

810.2

 

 

 

43.9

 

 

 

25.3

 

 

 

49.7

 

 

 

929.1

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

1,220.0

 

 

 

79.6

 

 

 

12.7

 

 

 

4.7

 

 

 

1,317.0

 

 

 

1,119.8

 

 

 

72.4

 

 

 

9.8

 

 

 

3.3

 

 

 

1,205.3

 

Italy

 

 

432.4

 

 

 

8.7

 

 

 

11.0

 

 

 

4.3

 

 

 

456.4

 

 

 

335.1

 

 

 

7.0

 

 

 

6.0

 

 

 

3.1

 

 

 

351.2

 

Other Southern Europe

 

 

501.8

 

 

 

90.6

 

 

 

14.0

 

 

 

2.8

 

 

 

609.2

 

 

 

456.8

 

 

 

87.0

 

 

 

8.7

 

 

 

3.4

 

 

 

555.9

 

 

 

 

2,154.2

 

 

 

178.9

 

 

 

37.7

 

 

 

11.8

 

 

 

2,382.6

 

 

 

1,911.7

 

 

 

166.4

 

 

 

24.5

 

 

 

9.8

 

 

 

2,112.4

 

Northern Europe

 

 

1,049.3

 

 

 

62.4

 

 

 

37.0

 

 

 

17.9

 

 

 

1,166.6

 

 

 

845.7

 

 

 

63.2

 

 

 

22.2

 

 

 

16.6

 

 

 

947.7

 

APME

 

 

461.2

 

 

 

103.7

 

 

 

36.0

 

 

 

10.3

 

 

 

611.2

 

 

 

469.3

 

 

 

86.0

 

 

 

30.0

 

 

 

10.3

 

 

 

595.6

 

 

 

 

4,518.5

 

 

 

403.7

 

 

 

160.8

 

 

 

75.0

 

 

 

5,158.0

 

 

 

4,036.9

 

 

 

359.5

 

 

 

102.0

 

 

 

86.4

 

 

 

4,584.8

 

Intercompany Eliminations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(17.4

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

$

5,140.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

4,584.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

 

Staffing
and
Interim

 

 

Outcome-
Based
Solutions
and
Consulting

 

 

Permanent
Recruitment

 

 

Other

 

 

Total

 

 

Staffing
and
Interim

 

 

Outcome-
Based
Solutions
and
Consulting

 

 

Permanent
Recruitment

 

 

Other

 

 

Total

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,562.1

 

 

$

108.4

 

 

$

100.8

 

 

$

111.2

 

 

$

1,882.5

 

 

$

1,425.9

 

 

$

93.6

 

 

$

62.1

 

 

$

124.0

 

 

$

1,705.6

 

Other Americas

 

 

1,097.5

 

 

 

33.5

 

 

 

23.7

 

 

 

7.6

 

 

 

1,162.3

 

 

 

1,018.7

 

 

 

30.6

 

 

 

12.6

 

 

 

9.2

 

 

 

1,071.1

 

 

 

 

2,659.6

 

 

 

141.9

 

 

 

124.5

 

 

 

118.8

 

 

 

3,044.8

 

 

 

2,444.6

 

 

 

124.2

 

 

 

74.7

 

 

 

133.2

 

 

 

2,776.7

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

3,545.1

 

 

 

249.7

 

 

 

40.5

 

 

 

17.4

 

 

 

3,852.7

 

 

 

2,781.5

 

 

 

213.0

 

 

 

29.7

 

 

 

10.9

 

 

 

3,035.1

 

Italy

 

 

1,257.3

 

 

 

24.6

 

 

 

32.5

 

 

 

13.9

 

 

 

1,328.3

 

 

 

897.2

 

 

 

20.7

 

 

 

19.0

 

 

 

10.5

 

 

 

947.4

 

Other Southern Europe

 

 

1,458.2

 

 

 

277.5

 

 

 

38.9

 

 

 

9.7

 

 

 

1,784.3

 

 

 

1,253.3

 

 

 

252.6

 

 

 

30.1

 

 

 

9.4

 

 

 

1,545.4

 

 

 

 

6,260.6

 

 

 

551.8

 

 

 

111.9

 

 

 

41.0

 

 

 

6,965.3

 

 

 

4,932.0

 

 

 

486.3

 

 

 

78.8

 

 

 

30.8

 

 

 

5,527.9

 

Northern Europe

 

 

3,135.7

 

 

 

193.8

 

 

 

102.6

 

 

 

58.8

 

 

 

3,490.9

 

 

 

2,563.6

 

 

 

198.5

 

 

 

73.1

 

 

 

46.7

 

 

 

2,881.9

 

APME

 

 

1,407.5

 

 

 

304.2

 

 

 

113.2

 

 

 

33.6

 

 

 

1,858.5

 

 

 

1,386.5

 

 

 

250.9

 

 

 

95.1

 

 

 

27.1

 

 

 

1,759.6

 

 

 

 

13,463.4

 

 

 

1,191.7

 

 

 

452.2

 

 

 

252.2

 

 

 

15,359.5

 

 

 

11,326.7

 

 

 

1,059.9

 

 

 

321.7

 

 

 

237.8

 

 

 

12,946.1

 

Intercompany Eliminations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(17.4

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

$

15,342.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

12,946.1

 

 

 

In the following table, revenue is disaggregated by timing of revenue recognition for each of our reportable segments:

 

 

 

Three Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

 

Services
transferred
over time

 

 

Services
transferred
at a point
in time

 

 

Total

 

 

Services
transferred
over time

 

 

Services
transferred
at a point
in time

 

 

Total

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

623.2

 

 

$

21.7

 

 

$

644.9

 

 

$

567.6

 

 

$

11.2

 

 

$

578.8

 

Other Americas

 

 

346.6

 

 

 

6.1

 

 

 

352.7

 

 

 

347.6

 

 

 

2.7

 

 

 

350.3

 

 

 

 

969.8

 

 

 

27.8

 

 

 

997.6

 

 

 

915.2

 

 

 

13.9

 

 

 

929.1

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

1,305.5

 

 

 

11.5

 

 

 

1,317.0

 

 

 

1,196.4

 

 

 

8.9

 

 

 

1,205.3

 

Italy

 

 

446.3

 

 

 

10.1

 

 

 

456.4

 

 

 

345.6

 

 

 

5.6

 

 

 

351.2

 

Other Southern Europe

 

 

598.0

 

 

 

11.2

 

 

 

609.2

 

 

 

548.6

 

 

 

7.3

 

 

 

555.9

 

 

 

 

2,349.8

 

 

 

32.8

 

 

 

2,382.6

 

 

 

2,090.6

 

 

 

21.8

 

 

 

2,112.4

 

Northern Europe

 

 

1,135.1

 

 

 

31.5

 

 

 

1,166.6

 

 

 

928.3

 

 

 

19.4

 

 

 

947.7

 

APME

 

 

590.5

 

 

 

20.7

 

 

 

611.2

 

 

 

579.1

 

 

 

16.5

 

 

 

595.6

 

 

 

 

5,045.2

 

 

 

112.8

 

 

 

5,158.0

 

 

 

4,513.2

 

 

 

71.6

 

 

 

4,584.8

 

Intercompany Eliminations

 

 

 

 

 

 

 

 

(17.4

)

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

$

5,140.6

 

 

 

 

 

 

 

 

$

4,584.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

 

Services
transferred
over time

 

 

Services
transferred
at a point
in time

 

 

Total

 

 

Services
transferred
over time

 

 

Services
transferred
at a point
in time

 

 

Total

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

1,829.6

 

 

$

52.9

 

 

$

1,882.5

 

 

$

1,673.0

 

 

$

32.6

 

 

$

1,705.6

 

Other Americas

 

 

1,147.2

 

 

 

15.1

 

 

 

1,162.3

 

 

 

1,062.9

 

 

 

8.2

 

 

 

1,071.1

 

 

 

 

2,976.8

 

 

 

68.0

 

 

 

3,044.8

 

 

 

2,735.9

 

 

 

40.8

 

 

 

2,776.7

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

3,815.5

 

 

 

37.2

 

 

 

3,852.7

 

 

 

3,008.0

 

 

 

27.1

 

 

 

3,035.1

 

Italy

 

 

1,297.9

 

 

 

30.4

 

 

 

1,328.3

 

 

 

929.7

 

 

 

17.7

 

 

 

947.4

 

Other Southern Europe

 

 

1,752.5

 

 

 

31.8

 

 

 

1,784.3

 

 

 

1,520.1

 

 

 

25.3

 

 

 

1,545.4

 

 

 

 

6,865.9

 

 

 

99.4

 

 

 

6,965.3

 

 

 

5,457.8

 

 

 

70.1

 

 

 

5,527.9

 

Northern Europe

 

 

3,402.0

 

 

 

88.9

 

 

 

3,490.9

 

 

 

2,818.3

 

 

 

63.6

 

 

 

2,881.9

 

APME

 

 

1,796.7

 

 

 

61.8

 

 

 

1,858.5

 

 

 

1,707.9

 

 

 

51.7

 

 

 

1,759.6

 

 

 

 

15,041.4

 

 

 

318.1

 

 

 

15,359.5

 

 

 

12,719.9

 

 

 

226.2

 

 

 

12,946.1

 

Intercompany Eliminations

 

 

 

 

 

 

 

 

(17.4

)

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

$

15,342.1

 

 

 

 

 

 

 

 

$

12,946.1