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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 581.3 $ 639.0
Accounts receivable, less allowance for doubtful accounts of $99.2 and $109.3, respectively 4,830.0 5,137.4
Prepaid expenses and other assets 160.8 158.0
Total current assets 5,572.1 5,934.4
Other Assets    
Goodwill [1],[2] 1,586.8 1,628.1
Intangible assets, less accumulated amortization of $507.2 and $468.3, respectively 519.6 549.5
Operating lease right-of-use assets 414.0 365.7
Other assets 607.8 540.5
Total other assets 3,128.2 3,083.8
Property and Equipment    
Land, buildings, leasehold improvements and equipment 526.5 584.9
Less: accumulated depreciation and amortization 396.6 472.7
Net property and equipment 129.9 112.2
Total assets 8,830.2 9,130.4
Current Liabilities    
Accounts payable 2,723.0 2,831.4
Employee compensation payable 243.1 271.7
Accrued liabilities 693.0 572.6
Accrued payroll taxes and insurance 695.8 746.7
Value added taxes payable 432.7 462.7
Short-term borrowings and current maturities of long-term debt 12.1 26.6
Total current liabilities 4,799.7 4,911.7
Other liabilities    
Long-term debt 990.5 959.9
Long-term operating lease liability 323.2 266.6
Other long-term liabilities 482.7 534.1
Total other liabilities 1,796.4 1,760.6
Commitments and contingencies (Note 15)
Shareholders’ Equity    
Preferred stock, $.01 par value, authorized 25,000,000 shares, none issued 0.0 0.0
Common stock, $.01 par value, authorized 125,000,000 shares, issued 118,387,641 and 118,028,009 shares, respectively 1.2 1.2
Capital in excess of par value 3,514.9 3,484.2
Retained earnings 3,813.0 3,868.5
Accumulated other comprehensive loss (466.0) (458.7)
Treasury stock at cost, 69,963,649 and 67,468,433 shares, respectively (4,639.8) (4,447.9)
Total ManpowerGroup shareholders' equity 2,223.3 2,447.3
Noncontrolling interests 10.8 10.8
Total shareholders’ equity 2,234.1 2,458.1
Total liabilities and shareholders’ equity $ 8,830.2 $ 9,130.4
[1] Balances were net of accumulated impairment loss of $749.3 and $694.2 as of December 31, 2023 and 2022, respectively.
[2] Balances were net of accumulated impairment loss of $694.2 ($177.0 related to Northern Europe, $3.8 related to APME, $235.2 related to Right Management and $278.2 related to Corporate) as of December 31, 2022; and $749.3 ($232.1 related to Northern Europe, $3.8 related to APME, $235.2 related to Right Management and $278.2 related to Corporate) as of December 31, 2023.