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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:2021202020212020
United States$1,557.9 $1,309.6 $2,983.7 $2,879.2 
International:
United Kingdom209.6 159.3 413.1 356.4 
Continental Europe229.8 164.2 425.4 334.0 
Asia Pacific233.2 200.4 444.1 411.8 
Latin America104.4 65.7 188.0 152.5 
Other174.7 126.5 312.3 251.6 
Total International951.7 716.1 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:2021202020212020
United States$1,435.5 $1,227.2 $2,745.3 $2,547.2 
International:
United Kingdom194.6 147.2 378.6 312.9 
Continental Europe205.5 149.7 381.3 295.7 
Asia Pacific192.5 162.6 361.6 321.4 
Latin America96.9 62.3 172.3 141.6 
Other144.6 104.4 258.2 206.7 
Total International834.1 626.2 1,552.0 1,278.3 
Total Consolidated$2,269.6 $1,853.4 $4,297.3 $3,825.5 
 
IANThree months ended
June 30,
Six months ended
June 30,
Total revenue:2021202020212020
United States$1,267.3 $1,078.9 $2,425.2 $2,272.2 
International810.5 593.6 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 
International729.2 537.3 1,349.8 1,089.9 
Total IAN$1,954.5 $1,585.7 $3,688.6 $3,250.2 
 
DXTRAThree months ended
June 30,
Six months ended
June 30,
Total revenue:2021202020212020
United States$290.6 $230.7 $558.5 $607.0 
International141.2 122.5 278.9 287.2 
Total DXTRA$431.8 $353.2 $837.4 $894.2 
Net revenue:
United States$210.2 $178.8 $406.5 $386.9 
International104.9 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 clients2,043.4 1,820.7 
Contract assets39.4 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.