Segment Data

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Data

(14) Segment Data

We are organized and managed primarily on a geographic basis. Each country and business unit generally has its own distinct operations and management team, providing services under our global brands and maintains its own financial reports. We have an executive sponsor for each global brand who is responsible for ensuring the integrity and consistency of delivery locally. Each operation reports directly or indirectly through a regional manager to a member of executive management. Given this reporting structure, we operate using the following reporting segments: Americas, which includes United States and Other Americas; Southern Europe, which includes France, Italy and Other Southern Europe; Northern Europe; and APME.

The segments derive a significant majority of their revenues from our staffing and interim services. The remaining revenues within these segments are derived from our outcome-based solutions and consulting services, permanent recruitment services, outplacement services, talent management services and other services. Segment revenues represent sales to external clients. We provide services to a wide variety of clients, none of which individually comprise a significant portion of revenues for us as a whole. Due to the nature of our business, we generally do not have export sales.

Total assets for the segments are reported after the elimination of investments in subsidiaries and intercompany accounts.

Year Ended December 31	2023			2022			2021
Revenues from Services
Americas:
United States(a)	$	2,961.6		$	3,499.3		$	2,743.3
Other Americas		1,453.2			1,436.4			1,520.4
		4,414.8			4,935.7			4,263.7
Southern Europe:
France		4,867.1			4,785.0			5,171.3
Italy		1,708.8			1,706.9			1,795.4
Other Southern Europe		1,939.4			2,044.4			2,380.1
		8,515.3			8,536.3			9,346.8
Northern Europe		3,748.0			4,048.3			4,670.5
APME		2,322.3			2,387.3			2,481.1
		19,000.4			19,907.6			20,762.1
Intercompany Eliminations		(85.9	)		(80.1	)		(37.7	)
Consolidated(a)	$	18,914.5		$	19,827.5		$	20,724.4
Operating Unit Profit (Loss)
Americas:
United States	$	100.4		$	219.2		$	136.0
Other Americas		65.2			63.4			59.2
		165.6			282.6			195.2
Southern Europe:
France		188.3			226.7			233.5
Italy		124.7			122.9			115.3
Other Southern Europe		44.7			63.4			67.5
		357.7			413.0			416.3
Northern Europe		(116.7	)		42.4			67.8
APME		92.6			87.8			84.6
		499.2			825.8			763.9
Corporate expenses		(153.7	)		(157.0	)		(154.3	)
Goodwill impairment charges		(55.1	)		(50.0	)		—
Intangible asset amortization expense(b)		(34.6	)		(37.1	)		(24.2	)
Operating profit		255.8			581.7			585.4
Interest and other expenses, net		(49.9	)		(24.6	)		(17.3	)
Earnings before income taxes	$	205.9		$	557.1		$	568.1

(a) The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $11.9, $12.8 and $12.8 for 2023, 2022, and 2021, respectively.

(b) Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.

Year Ended December 31	2023		2022		2021
Depreciation and Amortization Expense
Americas:
United States	$	9.5	$	7.8	$	6.9
Other Americas		2.2		2.2		2.4
		11.7		10.0		9.3
Southern Europe:
France		12.7		10.5		12.5
Italy		2.2		2.4		2.5
Other Southern Europe		4.4		4.8		5.0
		19.3		17.7		20.0
Northern Europe		13.9		10.7		10.9
APME		6.3		7.5		8.3
Corporate expenses		2.8		1.6		0.7
Intangible asset amortization expense(a)		34.6		37.1		24.2
	$	88.6	$	84.6	$	73.4

(a) Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.

As of December 31	2023		2022		2021
Total Assets
Americas:
United States	$	3,054.8	$	3,243.2	$	3,434.6
Other Americas		433.4		397.4		397.0
		3,488.2		3,640.6		3,831.6
Southern Europe:
France		2,253.6		2,281.9		2,353.3
Italy		487.0		455.3		509.7
Other Southern Europe		800.4		821.2		828.2
		3,541.0		3,558.4		3,691.2
Northern Europe		586.3		742.9		1,095.7
APME		719.1		744.4		813.8
Corporate(a)		495.6		444.1		396.6
	$	8,830.2	$	9,130.4	$	9,828.9

(a) Corporate assets include assets that were not used in the operations of any segment, the most significant of which were purchased intangibles and cash.

As of and Year Ended December 31	2023		2022		2021
Long-lived Assets
Americas:
United States	$	87.9	$	79.2	$	76.9
Other Americas		16.5		14.6		16.3
		104.4		93.8		93.2
Southern Europe:
France		182.9		160.7		135.0
Italy		50.6		32.7		33.6
Other Southern Europe		55.9		60.1		68.7
		289.4		253.5		237.3
Northern Europe		138.0		116.5		106.6
APME		46.1		52.8		77.3
Corporate		10.7		9.0		14.0
	$	588.6	$	525.6	$	528.4