Segment Data

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Segment Data

(14) Segment Data

Effective January 1, 2020, our segment reporting was realigned due to our Right Management business being combined with each of our respective country business units. Accordingly, our former reportable segment, Right Management, is now reported within each of our respective reportable segments. All previously reported results have been restated to conform to the current year presentation.

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	2020			2019			2018
Revenues from Services(a)
Americas:
United States(b)	$	2,327.2		$	2,590.6		$	2,608.9
Other Americas		1,465.2			1,688.0			1,650.0
		3,792.4			4,278.6			4,258.9
Southern Europe:
France		4,338.1			5,479.6			5,846.4
Italy		1,370.7			1,508.3			1,673.9
Other Southern Europe		2,146.4			2,206.5			1,879.6
		7,855.2			9,194.4			9,399.9
Northern Europe		3,976.7			4,735.5			5,417.5
APME		2,376.7			2,655.0			2,914.9
		18,001.0			20,863.5			21,991.2
Operating Unit Profit (Loss)
Americas:
United States	$	60.9		$	128.0		$	149.9
Other Americas		55.1			75.4			75.0
		116.0			203.4			224.9
Southern Europe:
France		149.0			284.9			290.9
Italy		64.2			102.5			111.3
Other Southern Europe		23.8			67.9			66.5
		237.0			455.3			468.7
Northern Europe		(27.6	)		74.4			129.9
APME		70.1			127.5			118.3
	$	395.5		$	860.6		$	941.8
Corporate expenses		(113.9	)		(121.9	)		(110.0	)
Goodwill impairment charges		(66.8	)		(64.0	)		—
Intangible asset amortization expense(c)		(27.2	)		(29.8	)		(35.1	)
Interest and other (expenses) income, net		(39.9	)		40.6			(42.0	)
Earnings before income taxes	$	147.7		$	685.5		$	754.7

(a) Further breakdown of revenues from services by geographical region was as follows:

Revenues from Services	2020		2019		2018
United States	$	2,327.2	$	2,590.6	$	2,608.9
France		4,338.1		5,479.6		5,846.4
Italy		1,370.7		1,508.3		1,673.9
United Kingdom		1,402.9		1,598.6		1,672.1
Total Foreign		15,673.8		18,272.9		19,382.3

(b) The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $12.6, $15.6 and $16.1 for 2020, 2019 and 2018, respectively.

(c) 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	2020			2019			2018
Depreciation and Amortization Expense
Americas:
United States	$	7.8		$	8.6		$	9.8
Other Americas		2.3			2.4			2.5
		10.1			11.0			12.3
Southern Europe:
France		14.4			13.9			14.2
Italy		2.1			1.8			1.9
Other Southern Europe		5.3			4.9			5.0
		21.8			20.6			21.1
Northern Europe		8.9			9.8			11.4
APME		8.2			5.9			5.8
Corporate expenses		0.1			0.1			0.1
Intangible asset amortization expense(a)		27.2			29.8			35.1
	$	76.3		$	77.2		$	85.8
Earnings from Equity Investments
Americas:
United States	$	—		$	—		$	—
Other Americas		—			—			—
		—			—			—
Southern Europe:
France		—			—			—
Italy		(0.1	)		(0.1	)		(0.2	)
Other Southern Europe		—			47.5			1.7
		(0.1	)		47.4			1.5
Northern Europe		—			—			—
APME		—			—			—
Corporate		4.7			3.1			(0.3	)
	$	4.6		$	50.5		$	1.2

(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	2020		2019		2018
Total Assets
Americas:
United States	$	2,103.8	$	2,153.8	$	1,888.1
Other Americas		381.3		382.4		344.0
		2,485.1		2,536.2		2,232.1
Southern Europe:
France		2,778.3		2,732.6		2,740.9
Italy		540.4		464.2		406.5
Other Southern Europe		848.5		778.7		583.5
		4,167.2		3,975.5		3,730.9
Northern Europe		1,366.7		1,478.5		1,240.9
APME		806.0		744.2		795.0
Corporate(a)		503.2		489.4		520.9
	$	9,328.2	$	9,223.8	$	8,519.8
Equity Investments
Americas:
United States	$	—	$	—	$	—
Other Americas		—		—		—
		—		—		—
Southern Europe:
France		—		—		—
Italy		0.1		0.3		0.3
Other Southern Europe		—		—		157.8
		0.1		0.3		158.1
Northern Europe		—		—		—
APME		—		—		2.3
Corporate		106.5		97.5		1.0
	$	106.6	$	97.8	$	161.4

(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	2020		2019		2018
Long-lived Assets(a)
Americas:
United States	$	16.5	$	20.5	$	22.4
Other Americas		7.5		8.2		6.3
		24.0		28.7		28.7
Southern Europe:
France		44.8		46.9		50.1
Italy		6.0		5.2		5.0
Other Southern Europe		21.0		23.5		23.4
		71.8		75.6		78.5
Northern Europe		26.5		27.5		30.6
APME		25.5		18.9		22.1
Corporate		6.5		0.2		0.1
	$	154.3	$	150.9	$	160.0
Additions to Long-Lived Assets
Americas:
United States	$	7.0	$	8.3	$	7.7
Other Americas		2.5		4.4		2.9
		9.5		12.7		10.6
Southern Europe:
France		9.3		12.9		18.1
Italy		2.6		2.1		2.2
Other Southern Europe		4.4		5.0		5.9
		16.3		20.0		26.2
Northern Europe		7.3		7.7		16.6
APME		14.1		8.2		6.8
Corporate		—		0.1		0.1
	$	47.2	$	48.7	$	60.3

(a) Further breakdown of long-lived assets by geographical region was as follows:

Long-Lived Assets	2020		2019		2018
United States	$	16.5	$	20.5	$	22.4
France		44.8		46.9		50.1
Italy		6.0		5.2		5.0
United Kingdom		5.0		5.8		7.0
Total Foreign		137.8		130.4		137.6