XML 135 R65.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Income Taxes Schedule of Income before Income Tax, Domestic and Foreign (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023
Income Tax Disclosure [Abstract] |  |
Schedule of Income before Income Tax, Domestic and Foreign |  | The components of income before income taxes are listed below.
| Years ended December 31,
| 2024 |  | 2023 |  | 2022
Domestic | $ | 529.1 |  |  | $ | 846.7 |  |  | $ | 707.4 |
Foreign | 520.0 |  |  | 561.3 |  |  | 561.5 |
Total | $ | 1,049.1 |  |  | $ | 1,408.0 |  |  | $ | 1,268.9 |
Restructuring and Related Costs [Table Text Block] | Restructuring Charges
|  |  | Years ended December 31,
|  |  | 2024 1 |  | 2023 1 |  | 2022 2
Severance and termination costs |  |  | $ | 0.0 |  |  | $ | 0.4 |  |  | $ | (0.1) |
Lease restructuring costs |  |  | (5.7) |  |  | (1.2) |  |  | 85.4 |
Other restructuring costs |  |  | 0.7 |  |  | 0.9 |  |  | 17.1 |
Total restructuring charges |  |  | $ | (5.0) |  |  | $ | 0.1 |  |  | $ | 102.4 |
1 The amounts for the years ended December 31, 2024, and 2023 represent adjustments to the 2022 Real Estate Actions, as well as adjustments to the actions taken in 2020. 2 The amounts for the year ended December 31, 2022 represent 2022 Real Estate Actions, as well as adjustments to the actions taken in 2020. The 2022 Real Estate Actions did not include any severance and termination costs. Lease and Other restructuring costs include impairments of operating lease right-of-use assets and associated leasehold improvements, furniture and asset retirement obligations. Lease impairments were calculated based on estimated fair values using market participant assumptions including forecasted net discounted cash flows related to the operating lease right-of-use assets. 2022 Real Estate Actions In the fourth quarter of 2022, the Company took Real Estate Actions related to new real estate exits and lease terminations to further optimize the real estate footprint supporting our office-home hybrid service model in a post-pandemic economy. All included opportunities for further efficiencies as a result of the current working environment were identified and completed during the fourth quarter of 2022. These Real Estate Actions, taken during the fourth quarter of 2022, reduced our occupied global real estate footprint by approximately 6.7% or 500,000 square feet. All restructuring actions were identified and initiated in 2022, with all actions completed by the end of the fourth quarter of 2022. A summary of the restructuring activities related to the 2022 Real Estate Actions as of the year ended December 31, 2024 is as follows:
|  |  | 2022 Real Estate Actions
| Liability at December 31, 2023 |  | Restructuring Expense |  | Non-Cash Items |  | Cash Payments |  |  |  | Liability at December 31, 2024
Lease impairment costs | $ | 0.0 |  |  | $ | (2.5) |  |  | $ | (2.5) |  |  | $ | 0.0 |  |  |  |  | $ | 0.0 |
Other restructuring costs | 0.0 |  |  | 0.7 |  |  | 0.7 |  |  | 0.0 |  |  |  |  | 0.0 |
Total | $ | 0.0 |  |  | $ | (1.8) |  |  | $ | (1.8) |  |  | $ | 0.0 |  |  |  |  | $ | 0.0 |
A summary of the restructuring activities related to the 2022 Real Estate Actions as of the year ended December 31, 2023 is as follows:
|  |  | 2022 Real Estate Actions
| Liability at December 31, 2022 |  | Restructuring Expense |  | Non-Cash Items |  | Cash Payments |  |  |  | Liability at December 31, 2023
Lease impairment costs | $ | 0.0 |  |  | $ | (0.9) |  |  | $ | (0.9) |  |  | $ | 0.0 |  |  |  |  | $ | 0.0 |
Other restructuring costs | 0.0 |  |  | 0.8 |  |  | 0.2 |  |  | 0.6 |  |  |  |  | 0.0 |
Total | $ | 0.0 |  |  | $ | (0.1) |  |  | $ | (0.7) |  |  | $ | 0.6 |  |  |  |  | $ | 0.0 |
A summary of the restructuring activities related to the 2022 Real Estate Actions as of the year ended December 31, 2022 is as follows:
| 2022 Real Estate Actions
| Restructuring Expense |  | Non-Cash Items |  | Cash Payments |  |  |  | Liability at December 31, 2022
Lease impairment costs | $ | 84.4 |  |  | $ | 84.4 |  |  | $ | 0.0 |  |  |  |  | $ | 0.0 |
Other restructuring costs | 14.2 |  |  | 13.5 |  |  | 0.7 |  |  |  |  | 0.0 |
Total | $ | 98.6 |  |  | $ | 97.9 |  |  | $ | 0.7 |  |  |  |  | $ | 0.0 |
A summary of the restructuring activities related to the 2022 Real Estate Actions by segment is as follows:
| Years ended December 31,
| 2024 |  | 2023 |  | 2022
Restructuring charges: |  |  |  |  |
MD&E | $ | 0.3 |  |  | $ | (1.0) |  |  | $ | 69.0 |
IA&C | (2.1) |  |  | (0.3) |  |  | 21.0 |
SC&E | 0.0 |  |  | 1.1 |  |  | 8.0 |
Corporate and other | 0.0 |  |  | 0.1 |  |  | 0.6 |
Total | $ | (1.8) |  |  | $ | (0.1) |  |  | $ | 98.6 |
Non cash lease impairment costs: |  |  |  |  |
MD&E | $ | 0.2 |  |  | $ | (1.0) |  |  | $ | 54.3 |
IA&C | (2.7) |  |  | (0.5) |  |  | 22.3 |
SC&E | 0.0 |  |  | 0.4 |  |  | 7.0 |
Corporate and other | 0.0 |  |  | 0.2 |  |  | 0.8 |
Total | $ | (2.5) |  |  | $ | (0.9) |  |  | $ | 84.4 |
2020 Restructuring Plan Beginning in the second quarter of 2020, the Company took restructuring actions to lower its operating expenses structurally and permanently relative to revenue and to accelerate the transformation of our business (the “2020 Plan”). All restructuring actions were identified and initiated in 2020, with all actions completed by the end of the fourth quarter of 2020 and were based on our experience and learning in the COVID-19 pandemic and a resulting review of our operations to address certain operating expenses such as occupancy expense and salaries and related expenses. A summary of the restructuring activities related to the 2020 Plan as of the year ended December 31, 2024 is as follows:
| 2020 Plan
| Liability at December 31, 2023 |  | Restructuring Expense |  | Non-Cash Items |  | Cash Payments |  |  |  | Liability at December 31, 2024
Severance and termination costs | $ | 0.6 |  |  | $ | 0.0 |  |  | $ | 0.0 |  |  | $ | 0.2 |  |  |  |  | $ | 0.4 |
Lease impairment costs | 0.0 |  |  | (3.2) |  |  | (3.2) |  |  | 0.0 |  |  |  |  | 0.0 |
Other restructuring costs | 0.0 |  |  | 0.0 |  |  | 0.0 |  |  | 0.0 |  |  |  |  | 0.0 |
Total | $ | 0.6 |  |  | $ | (3.2) |  |  | $ | (3.2) |  |  | $ | 0.2 |  |  |  |  | $ | 0.4 |
A summary of the restructuring activities related to the 2020 Plan as of the year ended December 31, 2023 is as follows:
| 2020 Plan
| Liability at December 31, 2022 |  | Restructuring Expense |  | Non-Cash Items |  | Cash Payments |  |  |  | Liability at December 31, 2023
Severance and termination costs | $ | 2.3 |  |  | $ | 0.4 |  |  | $ | 0.0 |  |  | $ | 2.1 |  |  |  |  | $ | 0.6 |
Lease impairment costs | 0.0 |  |  | (0.3) |  |  | (0.3) |  |  | 0.0 |  |  |  |  | 0.0 |
Other restructuring costs | 0.0 |  |  | 0.1 |  |  | 0.1 |  |  | 0.0 |  |  |  |  | 0.0 |
Total | $ | 2.3 |  |  | $ | 0.2 |  |  | $ | (0.2) |  |  | $ | 2.1 |  |  |  |  | $ | 0.6 |
A summary of the restructuring activities related to the 2020 Plan as of the year ended December 31, 2022 is as follows:
| 2020 Plan
| Liability at December 31, 2021 |  | Restructuring Expense |  | Non-Cash Items |  | Cash Payments |  |  |  | Liability at December 31, 2022
Severance and termination costs | $ | 9.4 |  |  | $ | (0.1) |  |  | $ | 0.0 |  |  | $ | 7.0 |  |  |  |  | $ | 2.3 |
Lease impairment costs | 0.0 |  |  | 1.0 |  |  | 1.0 |  |  | 0.0 |  |  |  |  | 0.0 |
Other restructuring costs | 0.0 |  |  | 2.9 |  |  | 2.9 |  |  | 0.0 |  |  |  |  | 0.0 |
Total | $ | 9.4 |  |  | $ | 3.8 |  |  | $ | 3.9 |  |  | $ | 7.0 |  |  |  |  | $ | 2.3 |
A summary of the restructuring activities related to the 2020 Plan by segment is as follows:
| Years ended December 31,
| 2024 |  | 2023 |  | 2022
Restructuring charges: |  |  |  |  |
MD&E | $ | 0.5 |  |  | $ | (0.3) |  |  | $ | 0.1 |
IA&C | (0.2) |  |  | 0.5 |  |  | 7.7 |
SC&E | 0.3 |  |  | 0.0 |  |  | (4.2) |
Corporate and other | (3.8) |  |  | 0.0 |  |  | 0.2 |
Total | $ | (3.2) |  |  | $ | 0.2 |  |  | $ | 3.8 |
Non cash lease impairment costs: |  |  |  |  |
MD&E | $ | 0.4 |  |  | $ | (0.3) |  |  | $ | 0.0 |
IA&C | 0.0 |  |  | 0.0 |  |  | 7.0 |
SC&E | 0.3 |  |  | 0.0 |  |  | (5.9) |
Corporate and other | (3.9) |  |  | 0.0 |  |  | (0.1) |
Total | $ | (3.2) |  |  | $ | (0.3) |  |  | $ | 1.0 |

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

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration