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Segment Data (Tables)
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Schedule of Segment Data

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Revenues from services:

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States (a)

 

$

644.9

 

 

$

578.8

 

 

$

1,882.5

 

 

$

1,705.6

 

Other Americas

 

 

352.7

 

 

 

350.3

 

 

 

1,162.3

 

 

 

1,071.1

 

 

 

 

997.6

 

 

 

929.1

 

 

 

3,044.8

 

 

 

2,776.7

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

1,317.0

 

 

 

1,205.3

 

 

 

3,852.7

 

 

 

3,035.1

 

Italy

 

 

456.4

 

 

 

351.2

 

 

 

1,328.3

 

 

 

947.4

 

Other Southern Europe

 

 

609.2

 

 

 

555.9

 

 

 

1,784.3

 

 

 

1,545.4

 

 

 

 

2,382.6

 

 

 

2,112.4

 

 

 

6,965.3

 

 

 

5,527.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Northern Europe

 

 

1,166.6

 

 

 

947.7

 

 

 

3,490.9

 

 

 

2,881.9

 

APME

 

 

611.2

 

 

 

595.6

 

 

 

1,858.5

 

 

 

1,759.6

 

 

 

 

5,158.0

 

 

 

4,584.8

 

 

 

15,359.5

 

 

 

12,946.1

 

Intercompany Eliminations

 

 

(17.4

)

 

 

—

 

 

 

(17.4

)

 

 

—

 

Consolidated (b)

 

$

5,140.6

 

 

$

4,584.8

 

 

$

15,342.1

 

 

$

12,946.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating unit profit (loss): (c)

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

28.2

 

 

$

19.3

 

 

$

95.4

 

 

$

30.8

 

Other Americas

 

 

12.6

 

 

 

12.2

 

 

 

45.5

 

 

 

37.0

 

 

 

 

40.8

 

 

 

31.5

 

 

 

140.9

 

 

 

67.8

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

61.6

 

 

 

51.5

 

 

 

169.9

 

 

 

87.0

 

Italy

 

 

30.8

 

 

 

15.4

 

 

 

81.9

 

 

 

40.6

 

Other Southern Europe

 

 

18.3

 

 

 

4.7

 

 

 

47.6

 

 

 

9.1

 

 

 

 

110.7

 

 

 

71.6

 

 

 

299.4

 

 

 

136.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Northern Europe

 

 

16.5

 

 

 

(22.5

)

 

 

39.2

 

 

 

(36.3

)

APME

 

 

22.6

 

 

 

16.7

 

 

 

63.7

 

 

 

51.6

 

 

 

 

190.6

 

 

 

97.3

 

 

 

543.2

 

 

 

219.8

 

Corporate expenses

 

 

(36.0

)

 

 

(29.1

)

 

 

(110.5

)

 

 

(83.5

)

Goodwill impairment charge

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(66.8

)

Intangible asset amortization expense

 

 

(4.1

)

 

 

(6.6

)

 

 

(13.9

)

 

 

(20.2

)

Operating profit

 

 

150.5

 

 

 

61.6

 

 

 

418.8

 

 

 

49.3

 

Interest and other expenses, net

 

 

(4.9

)

 

 

(6.0

)

 

 

(13.1

)

 

 

(32.3

)

Earnings before income taxes

 

$

145.6

 

 

$

55.6

 

 

$

405.7

 

 

$

17.0

 

 

(a) In the United States, revenues from services included fees received from the related franchise offices of $3.3 and $3.4 for the three months ended September 30, 2021 and 2020, respectively, and $9.4 and $8.8 for the nine months ended September 30, 2021 and 2020, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $121.3 and $116.9 for the three months ended September 30, 2021 and 2020, respectively, and $353.4 and $315.7 for the nine months ended September 30, 2021 and 2020, respectively.

(b) Our consolidated revenues from services include fees received from our franchise offices of $3.9 and $3.8 for the three months ended September 30, 2021 and 2020, respectively, and $11.0 and $9.9 for the nine months ended September 30, 2021 and 2020, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $253.3 and $236.9 for the three months ended September 30, 2021 and 2020, respectively, and $755.9 and $447.3 for the nine months ended September 30, 2021 and 2020, 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.