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Revenue (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue Principal Geographic Markets | 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: | 2024 |  | 2023 |  | 2024 |  | 2023
United States | $ | 1,755.8 |  |  | $ | 1,737.2 |  |  | $ | 3,417.8 |  |  | $ | 3,420.4 |
International: |  |  |  |  |  |  |
United Kingdom | 237.5 |  |  | 216.3 |  |  | 448.4 |  |  | 412.1 |
Continental Europe | 229.5 |  |  | 214.8 |  |  | 433.4 |  |  | 408.4 |
Asia Pacific | 202.6 |  |  | 211.7 |  |  | 375.7 |  |  | 403.6 |
Latin America | 110.2 |  |  | 110.4 |  |  | 202.8 |  |  | 201.1 |
Other | 174.4 |  |  | 176.1 |  |  | 327.8 |  |  | 341.9 |
Total International | 954.2 |  |  | 929.3 |  |  | 1,788.1 |  |  | 1,767.1 |
Total Consolidated | $ | 2,710.0 |  |  | $ | 2,666.5 |  |  | $ | 5,205.9 |  |  | $ | 5,187.5 |
| Three months ended June 30, |  | Six months ended June 30,
Revenue before billable expenses: | 2024 |  | 2023 |  | 2024 |  | 2023
United States | $ | 1,525.5 |  |  | $ | 1,531.8 |  |  | $ | 3,001.8 |  |  | $ | 3,002.4 |
International: |  |  |  |  |  |  |
United Kingdom | 193.7 |  |  | 184.9 |  |  | 371.7 |  |  | 355.1 |
Continental Europe | 199.2 |  |  | 192.5 |  |  | 378.7 |  |  | 356.2 |
Asia Pacific | 167.3 |  |  | 177.3 |  |  | 310.1 |  |  | 336.5 |
Latin America | 102.2 |  |  | 102.4 |  |  | 189.3 |  |  | 187.1 |
Other | 139.2 |  |  | 139.6 |  |  | 258.4 |  |  | 268.1 |
Total International | 801.6 |  |  | 796.7 |  |  | 1,508.2 |  |  | 1,503.0 |
Total Consolidated | $ | 2,327.1 |  |  | $ | 2,328.5 |  |  | $ | 4,510.0 |  |  | $ | 4,505.4 |
MD&E | Three months ended June 30, |  | Six months ended June 30,
Total revenue: | 2024 |  | 2023 |  | 2024 |  | 2023
United States | $ | 680.6 |  |  | $ | 676.1 |  |  | $ | 1,318.3 |  |  | $ | 1,325.8 |
International | 394.8 |  |  | 399.7 |  |  | 730.4 |  |  | 736.9 |
Total MD&E | $ | 1,075.4 |  |  | $ | 1,075.8 |  |  | $ | 2,048.7 |  |  | $ | 2,062.7 |
Revenue before billable expenses: |  |  |  |  |  |  |
United States | $ | 677.8 |  |  | $ | 672.4 |  |  | $ | 1,311.3 |  |  | $ | 1,309.7 |
International | 385.7 |  |  | 388.5 |  |  | 713.5 |  |  | 717.1 |
Total MD&E | $ | 1,063.5 |  |  | $ | 1,060.9 |  |  | $ | 2,024.8 |  |  | $ | 2,026.8 |
IA&C | Three months ended June 30, |  | Six months ended June 30,
Total revenue: | 2024 |  | 2023 |  | 2024 |  | 2023
United States | $ | 626.9 |  |  | $ | 643.2 |  |  | $ | 1,251.5 |  |  | $ | 1,265.5 |
International | 372.5 |  |  | 361.8 |  |  | 711.7 |  |  | 698.5 |
Total IA&C | $ | 999.4 |  |  | $ | 1,005.0 |  |  | $ | 1,963.2 |  |  | $ | 1,964.0 |
Revenue before billable expenses: |  |  |  |  |  |  |
United States | $ | 599.3 |  |  | $ | 607.4 |  |  | $ | 1,200.0 |  |  | $ | 1,199.7 |
International | 310.8 |  |  | 300.9 |  |  | 591.5 |  |  | 579.1 |
Total IA&C | $ | 910.1 |  |  | $ | 908.3 |  |  | $ | 1,791.5 |  |  | $ | 1,778.8 |
Contract Balances | The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.
| June 30, 2024 |  | December 31, 2023
Accounts receivable, net of allowance of $43.8 and $46.4, respectively | $ | 4,505.9 |  |  | $ | 5,768.8 |
Accounts receivable, billable to clients | 2,163.9 |  |  | 2,229.2 |
Contract assets | 45.4 |  |  | 68.6 |
Contract liabilities (deferred revenue) | 609.4 |  |  | 684.7 |

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- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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