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Supplementary Data (Notes)

9 Months Ended

Sep. 30, 2021

Supplementary Data [Abstract]

Accrued Liabilities

Accrued Liabilities

The following table presents the components of accrued liabilities.

			September 30, 2021						December 31, 2020
Salaries, benefits and related expenses			$	569.2					$	504.6
Interest			44.0						43.6
Office and related expenses			20.4						25.5
Acquisition obligations			15.7						47.9
Restructuring charges			11.5						69.5
Income taxes payable			4.1						50.6
Other			95.5						90.7
Total accrued liabilities			$	760.4					$	832.4

Other Income, Net

Other Income (Expense), Net

Results of operations for the three and nine months ended September 30, 2021 and 2020 include certain items that are not directly associated with our revenue-producing operations.

			Three months ended September 30,												Nine months ended September 30,
			2021						2020						2021						2020
Loss on early extinguishment of debt			$	—					$	—					$	(74.0)					$	—
Net losses on sales of businesses			(4.4)						(8.6)						(18.6)						(51.8)
Other			6.7						(2.7)						15.7						(2.8)
Total other income (expense), net			$	2.3					$	(11.3)					$	(76.9)					$	(54.6)

Loss on early extinguishment of debt – During the first quarter of 2021, we recorded a loss of $74.0 related to the early extinguishment of all $250.0 in aggregate principal amount of our 4.000% unsecured senior notes due 2022, all $500.0 in aggregate principal amount of our 3.750% Senior Notes due 2023, and $250.0 of the $500.0 in aggregate principal amount of our 4.200% Senior Notes due 2024. See Note 3 for further information.

Net losses on sales of businesses – During the three and nine months ended September 30, 2021 and 2020, the amounts recognized were related to sales of businesses and the classification of certain assets and liabilities, consisting primarily of cash, as held for sale, within our IAN and DXTRA reportable segments. The businesses held for sale primarily represent unprofitable, non-strategic agencies which are expected to be sold within the next twelve months.

Other - During the three and nine months ended September 30, 2021, the amounts recognized were primarily related to a non-cash gain related to the deconsolidation of a previously consolidated entity in which we maintain an equity interest.

Share Repurchase Program

Share Repurchase Program On July 2, 2018, in connection with the announcement of the Acxiom acquisition, we announced that share repurchases will be suspended for a period of time in order to reduce the increased debt levels incurred in conjunction with the acquisition. As of September 30, 2021, $338.4, excluding fees, remains available for repurchase under the share repurchase programs authorized in previous years, which have no expiration date.

Redeemable Noncontrolling Interest [Table Text Block]

Redeemable Non-controlling Interests

Many of our acquisitions include provisions under which the non-controlling equity owners may require us to purchase additional interests in a subsidiary at their discretion. Redeemable non-controlling interests are adjusted quarterly, if necessary, to their estimated redemption value, but not less than their initial fair value. Any adjustments to the redemption value impact retained earnings or additional paid in capital, except for foreign currency translation adjustments.

The following table presents changes in our redeemable non-controlling interests.

			Nine months ended September 30,
			2021						2020
Balance at beginning of period			$	93.1					$	164.7
Change in related non-controlling interests balance			1.1						(6.0)
Changes in redemption value of redeemable non-controlling interests:
Redemptions			(22.7)						(2.5)
Redemption value adjustments			1.1						(3.4)
Balance at end of period			$	72.6					$	152.8

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