XML 20 R8.htm IDEA: XBRL DOCUMENT
v3.21.2

Revenue (Notes) | 6 Months Ended
--- | ---
Jun. 30, 2021
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue Disaggregation of Revenue We have two reportable segments as of June 30, 2021: IAN and DXTRA, as further discussed in Note 11. IAN principally generates revenue from providing advertising and media services as well as a comprehensive array of global communications, marketing services and data management. DXTRA generates revenue from a comprehensive array of global public relations and communication services as well as providing events, sports and entertainment marketing, corporate and brand identity, and strategic marketing consulting. Our agencies are located in over 100 countries, including every significant world market. Our geographic revenue breakdown is listed below.
| Three months ended June 30, |  | Six months ended June 30,
Total revenue: | 2021 |  | 2020 |  | 2021 |  | 2020
United States | $ | 1,557.9 |  |  | $ | 1,309.6 |  |  | $ | 2,983.7 |  |  | $ | 2,879.2 |
International: |  |  |  |  |  |  |
United Kingdom | 209.6 |  |  | 159.3 |  |  | 413.1 |  |  | 356.4 |
Continental Europe | 229.8 |  |  | 164.2 |  |  | 425.4 |  |  | 334.0 |
Asia Pacific | 233.2 |  |  | 200.4 |  |  | 444.1 |  |  | 411.8 |
Latin America | 104.4 |  |  | 65.7 |  |  | 188.0 |  |  | 152.5 |
Other | 174.7 |  |  | 126.5 |  |  | 312.3 |  |  | 251.6 |
Total International | 951.7 |  |  | 716.1 |  |  | 1,782.9 |  |  | 1,506.3 |
Total Consolidated | $ | 2,509.6 |  |  | $ | 2,025.7 |  |  | $ | 4,766.6 |  |  | $ | 4,385.5 |
| Three months ended June 30, |  | Six months ended June 30,
Net revenue: | 2021 |  | 2020 |  | 2021 |  | 2020
United States | $ | 1,435.5 |  |  | $ | 1,227.2 |  |  | $ | 2,745.3 |  |  | $ | 2,547.2 |
International: |  |  |  |  |  |  |
United Kingdom | 194.6 |  |  | 147.2 |  |  | 378.6 |  |  | 312.9 |
Continental Europe | 205.5 |  |  | 149.7 |  |  | 381.3 |  |  | 295.7 |
Asia Pacific | 192.5 |  |  | 162.6 |  |  | 361.6 |  |  | 321.4 |
Latin America | 96.9 |  |  | 62.3 |  |  | 172.3 |  |  | 141.6 |
Other | 144.6 |  |  | 104.4 |  |  | 258.2 |  |  | 206.7 |
Total International | 834.1 |  |  | 626.2 |  |  | 1,552.0 |  |  | 1,278.3 |
Total Consolidated | $ | 2,269.6 |  |  | $ | 1,853.4 |  |  | $ | 4,297.3 |  |  | $ | 3,825.5 |
IAN | Three months ended June 30, |  | Six months ended June 30,
Total revenue: | 2021 |  | 2020 |  | 2021 |  | 2020
United States | $ | 1,267.3 |  |  | $ | 1,078.9 |  |  | $ | 2,425.2 |  |  | $ | 2,272.2 |
International | 810.5 |  |  | 593.6 |  |  | 1,504.0 |  |  | 1,219.1 |
Total IAN | $ | 2,077.8 |  |  | $ | 1,672.5 |  |  | $ | 3,929.2 |  |  | $ | 3,491.3 |
Net revenue: |  |  |  |  |  |  |
United States | $ | 1,225.3 |  |  | $ | 1,048.4 |  |  | $ | 2,338.8 |  |  | $ | 2,160.3 |
International | 729.2 |  |  | 537.3 |  |  | 1,349.8 |  |  | 1,089.9 |
Total IAN | $ | 1,954.5 |  |  | $ | 1,585.7 |  |  | $ | 3,688.6 |  |  | $ | 3,250.2 |
DXTRA | Three months ended June 30, |  | Six months ended June 30,
Total revenue: | 2021 |  | 2020 |  | 2021 |  | 2020
United States | $ | 290.6 |  |  | $ | 230.7 |  |  | $ | 558.5 |  |  | $ | 607.0 |
International | 141.2 |  |  | 122.5 |  |  | 278.9 |  |  | 287.2 |
Total DXTRA | $ | 431.8 |  |  | $ | 353.2 |  |  | $ | 837.4 |  |  | $ | 894.2 |
Net revenue: |  |  |  |  |  |  |
United States | $ | 210.2 |  |  | $ | 178.8 |  |  | $ | 406.5 |  |  | $ | 386.9 |
International | 104.9 |  |  | 88.9 |  |  | 202.2 |  |  | 188.4 |
Total DXTRA | $ | 315.1 |  |  | $ | 267.7 |  |  | $ | 608.7 |  |  | $ | 575.3 |
Contract Balances The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.
| June 30, 2021 |  | December 31, 2020
Accounts receivable, net of allowance of $90.2 and $98.3, respectively | $ | 3,893.6 |  |  | $ | 4,646.4 |
Accounts receivable, billable to clients | 2,043.4 |  |  | 1,820.7 |
Contract assets | 39.4 |  |  | 51.8 |
Contract liabilities (deferred revenue) | 678.5 |  |  | 657.8 |
Contract assets are primarily comprised of contract incentives that are generally satisfied annually under the terms of our contracts and are transferred to accounts receivable when the right to payment becomes unconditional. Contract liabilities relate to advance consideration received from customers under the terms of our contracts primarily related to reimbursements of third-party expenses, whether we act as principal or agent, and to a lesser extent, periodic retainer fees, both of which are generally recognized shortly after billing. The majority of our contracts are for periods of one year or less with the exception of our data management contracts. For those contracts with a term of more than one year, we had approximately $640.6 of unsatisfied performance obligations as of June 30, 2021, which will be recognized as services are performed over the remaining contractual terms through 2027.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration