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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Summarized financial information concerning reportable segments | Summarized financial information concerning our reportable segments is shown in the following table.
Three Months Ended March 31, 2025 | MD&E |  | IA&C |  | SC&E |  | Total
Total revenue | $ | 902.7 |  |  | $ | 861.5 |  |  | $ | 558.4 |  |  | $ | 2,322.6 |
Revenue before billable expenses | 888.8 |  |  | 780.6 |  |  | 326.9 |  |  | 1,996.3 |
Base salaries, benefits and tax | 500.0 |  |  | 534.2 |  |  | 214.6 |  |  |
Incentive expense | 42.9 |  |  | 30.6 |  |  | 11.3 |  |  |
Severance expense | 0.7 |  |  | 1.9 |  |  | 0.8 |  |  |
Temporary help | 17.1 |  |  | 33.7 |  |  | 10.3 |  |  |
Office and other direct expenses | 173.9 |  |  | 103.3 |  |  | 42.0 |  |  |
Depreciation and amortization 1 | 23.6 |  |  | 12.2 |  |  | 3.4 |  |  |
Restructuring Charges 2 | 53.3 |  |  | 55.9 |  |  | 21.7 |  |  |
Other segment items 3 | 15.6 |  |  | 91.2 |  |  | 235.8 |  |  |
Segment EBITA | $ | 75.6 |  |  | $ | (1.5) |  |  | $ | 18.5 |  |  | $ | 92.6 |
Amortization of acquired intangibles | 19.2 |  |  | 0.9 |  |  | 0.3 |  |  |
Capital expenditures | 13.0 |  |  | 3.4 |  |  | 0.5 |  |  |
1 Excludes amortization of acquired intangibles. 2 Non-cash lease impairment costs were comprised of $19.1 at MD&E, $18.6 at IA&C and $9.4 at SC&E for the three months ended March 31, 2025. 3 Includes billable expenses and other salaries and related expenses.
Three Months Ended March 31, 2024 | MD&E |  | IA&C |  | SC&E |  | Total
Total revenue | $ | 973.3 |  |  | $ | 963.8 |  |  | $ | 558.8 |  |  | $ | 2,495.9 |
Revenue before billable expenses | 961.3 |  |  | 881.4 |  |  | 340.2 |  |  | 2,182.9 |
Base salaries, benefits and tax | 580.5 |  |  | 571.5 |  |  | 221.1 |  |  |
Incentive expense | 29.1 |  |  | 18.9 |  |  | 9.6 |  |  |
Severance expense | 22.2 |  |  | 20.3 |  |  | 4.7 |  |  |
Temporary help | 24.2 |  |  | 37.2 |  |  | 11.1 |  |  |
Office and other direct expenses | 180.2 |  |  | 101.1 |  |  | 40.8 |  |  |
Depreciation and amortization 1 | 26.5 |  |  | 12.4 |  |  | 3.5 |  |  |
Restructuring Charges 2 | — |  |  | 0.3 |  |  | 0.3 |  |  |
Other segment items 3 | 17.4 |  |  | 94.2 |  |  | 223.8 |  |  |
Segment EBITA | $ | 93.2 |  |  | $ | 107.9 |  |  | $ | 43.9 |  |  | $ | 245.0 |
Amortization of acquired intangibles | 19.2 |  |  | 1.0 |  |  | 0.5 |  |  |
Capital expenditures | 21.5 |  |  | 2.4 |  |  | 0.8 |  |  |
1 Excludes amortization of acquired intangibles. 2 Non-cash lease impairment costs were comprised of $0.3 at IA&C and $0.3 at SC&E for the three months ended March 31, 2024. 3 Includes billable expenses and other salaries and related expenses.
| March 31, 2025 |  | December 31, 2024
Total assets: |  |  |
MD&E | $ | 9,565.4 |  |  | $ | 10,248.1 |
IA&C | 4,541.7 |  |  | 4,549.9 |
SC&E | 1,641.4 |  |  | 1,758.9 |
Corporate and Other | 1,377.0 |  |  | 1,768.9 |
Total | $ | 17,125.5 |  |  | $ | 18,325.8 |
The following table presents the reconciliation of segment EBITA to Income (Loss) before income taxes.
| Three months ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
MD&E EBITA | $ | 75.6 |  |  | $ | 93.2 |  |  |  |  |
IA&C EBITA | (1.5) |  |  | 107.9 |  |  |  |  |
SC&E EBITA | 18.5 |  |  | 43.9 |  |  |  |  |
Total segment EBITA | 92.6 |  |  | 245.0 |  |  |  |  |
Corporate and Other 1 | (114.2) |  |  | (40.1) |  |  |  |  |
Less: consolidated amortization of acquired intangibles | 20.4 |  | 20.7 |  |  |  |
Operating income (loss) | (42.0) |  |  | 184.2 |  |  |  |  |
Total (expenses) and other income | (52.4) |  |  | (23.6) |  |  |  |  |
Income (Loss) before income taxes | $ | (94.4) |  |  | $ | 160.6 |  |  |  |  |
1 Includes restructuring charges of $72.4 for the three months ended March 31, 2025, including non-cash lease impairment costs of $23.1.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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