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Supplementary Data (Notes)
3 Months Ended
Mar. 31, 2015
Supplementary Data [Abstract]  
Accrued Liabilities
Accrued Liabilities
The following table presents the components of accrued liabilities.
 
March 31,
2015
 
December 31,
2014
Salaries, benefits and related expenses
$
331.0

 
$
510.6

Office and related expenses
52.3

 
51.5

Acquisition obligations
105.6

 
88.1

Interest
16.9

 
18.3

Restructuring and other reorganization-related
4.5

 
5.5

Other
108.4

 
122.0

Total accrued liabilities
$
618.7

 
$
796.0

Other Income, Net
Other Income, Net
Results of operations for the three months ended March 31, 2015 and 2014, include certain items that are not directly associated with our revenue-producing operations.
 
Three months ended
March 31,
 
2015
 
2014
(Losses) gains on sales of businesses and investments
$
(0.1
)
 
$
0.8

Vendor discounts and credit adjustments
0.0

 
1.5

Other income (expense), net
0.4

 
(0.6
)
Total other income, net
$
0.3

 
$
1.7


(Losses) Gains on Sales of Businesses and Investments – During the three months ended March 31, 2015 and 2014, the amounts recognized related primarily to the sales of businesses within our Integrated Agency Networks ("IAN") segment.
Vendor Discounts and Credit Adjustments – In connection with the liabilities related to vendor discounts and credits established as part of the restatement we presented in our 2004 Annual Report on Form 10-K, these adjustments reflect the reversal of certain of these liabilities primarily where the statute of limitations has lapsed, or as a result of differences resulting from settlements with clients or vendors.
Other Income (Expense), net – During the three months ended March 31, 2015, we recorded a gain on liquidation of an entity in the United Kingdom region within our Corporate and other segment. During the three months ended March 31, 2014, we recognized a loss related to the impairment of an investment in the Asia Pacific region within our IAN segment.
Share Repurchase Program
Share Repurchase Program
In February 2015, our Board of Directors (the "Board") authorized a new share repurchase program to repurchase from time to time up to $300.0, excluding fees, of our common stock, which was in addition to the remaining amount available to be repurchased from the $300.0 authorization made by the Board in February 2014.
We may effect such repurchases through open market purchases, trading plans established in accordance with SEC rules, derivative transactions or other means. We expect to continue to repurchase our common stock in future periods, although the timing and amount of the repurchases will depend on market conditions and other funding requirements.
The following table presents our share repurchase activity under our share repurchase programs for the three months ended March 31, 2015 and 2014.
 
Three months ended
March 31,
 
2015
 
2014
Number of shares repurchased
2.5

 
2.6

Aggregate cost, including fees
$
51.2

 
$
44.9

Average price per share, including fees
$
20.84

 
$
17.17


As of March 31, 2015, $392.3 remains available for repurchase under the share repurchase programs. The share repurchase programs have no expiration date.