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Segment Data (Tables)
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Schedule of Segment Data

 

 

3 Months Ended September 30,

 

 

9 Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Revenues from services:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States (a)

 

$

645.7

 

 

$

633.2

 

 

$

1,880.2

 

 

$

1,890.0

 

Other Americas

 

 

425.0

 

 

 

406.8

 

 

 

1,241.2

 

 

 

1,225.1

 

 

 

 

1,070.7

 

 

 

1,040.0

 

 

 

3,121.4

 

 

 

3,115.1

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

1,382.1

 

 

 

1,460.6

 

 

 

4,103.7

 

 

 

4,397.1

 

Italy

 

 

376.6

 

 

 

410.2

 

 

 

1,126.5

 

 

 

1,266.8

 

Other Southern Europe

 

 

592.9

 

 

 

460.8

 

 

 

1,610.8

 

 

 

1,413.7

 

 

 

 

2,351.6

 

 

 

2,331.6

 

 

 

6,841.0

 

 

 

7,077.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Northern Europe

 

 

1,156.6

 

 

 

1,287.1

 

 

 

3,529.5

 

 

 

4,097.9

 

APME

 

 

621.9

 

 

 

713.0

 

 

 

2,030.7

 

 

 

2,158.0

 

Right Management

 

 

48.1

 

 

 

47.0

 

 

 

144.3

 

 

 

149.4

 

Consolidated (b)

 

$

5,248.9

 

 

$

5,418.7

 

 

$

15,666.9

 

 

$

16,598.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating unit profit: (c)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

35.8

 

 

$

33.2

 

 

$

84.4

 

 

$

98.1

 

Other Americas

 

 

18.9

 

 

 

18.1

 

 

 

51.0

 

 

 

52.8

 

 

 

 

54.7

 

 

 

51.3

 

 

 

135.4

 

 

 

150.9

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

70.4

 

 

 

78.8

 

 

 

201.6

 

 

 

209.5

 

Italy

 

 

23.3

 

 

 

25.7

 

 

 

73.5

 

 

 

82.8

 

Other Southern Europe

 

 

22.8

 

 

 

17.1

 

 

 

51.8

 

 

 

48.7

 

 

 

 

116.5

 

 

 

121.6

 

 

 

326.9

 

 

 

341.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Northern Europe

 

 

21.4

 

 

 

40.5

 

 

 

46.3

 

 

 

81.8

 

APME (d)

 

 

53.3

 

 

 

32.4

 

 

 

101.5

 

 

 

87.5

 

Right Management

 

 

7.5

 

 

 

6.5

 

 

 

18.6

 

 

 

23.4

 

 

 

 

253.4

 

 

 

252.3

 

 

 

628.7

 

 

 

684.6

 

Corporate expenses

 

 

(29.2

)

 

 

(26.3

)

 

 

(89.0

)

 

 

(79.0

)

Goodwill impairment charge

 

 

-

 

 

 

-

 

 

 

(64.0

)

 

 

-

 

Intangible asset amortization expense

 

 

(7.2

)

 

 

(9.3

)

 

 

(22.4

)

 

 

(26.8

)

Operating profit

 

 

217.0

 

 

 

216.7

 

 

 

453.3

 

 

 

578.8

 

Interest and other (expenses) income, net (e)

 

 

(12.2

)

 

 

(11.8

)

 

 

46.1

 

 

 

(38.4

)

Earnings before income taxes

 

$

204.8

 

 

$

204.9

 

 

$

499.4

 

 

$

540.4

 

 

(a)

In the United States, revenues from services included fees received from the related franchise offices of $3.5 and $3.7 for the three months ended September 30, 2019 and 2018, respectively, and $10.8 for both the nine months ended September 30, 2019 and 2018. These fees are primarily based on revenues generated by the franchise offices, which were $151.6 and $169.9 for the three months ended September 30, 2019 and 2018, respectively, and $462.8 and $485.6 for the nine months ended September 30, 2019 and 2018, respectively.

(b)

Our consolidated revenues from services include fees received from our franchise offices of $4.3 and $6.2 for the three months ended September 30, 2019 and 2018, respectively, and $14.0 and $17.6 for the nine months ended September 30, 2019 and 2018, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $274.0 and $278.7 for the three months ended September 30, 2019 and 2018, respectively, and $680.2 and $789.4 for the nine months ended September 30, 2019 and 2018, 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.

(d)

APME OUP includes a one-time non-cash gain of $30.4 for the three and nine months ended September 30, 2019, related to the deconsolidation of our ManpowerGroup Greater China Limited joint venture. See Note 5 to the Consolidated Financial Statements for further information.

(e)

Interest and other (expenses) income, net includes a one-time non-cash gain of $80.4 for the nine months ended September 30, 2019, related to the disposition of our previously held equity interest in Manpower Switzerland. See Note 5 to the Consolidated Financial Statements for further information.