XML 91 R23.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Segment Data | 12 Months Ended
--- | ---
Dec. 31, 2012
Segment Data [Abstract] |
Segment Data | 14. Segment Data We are organized and managed primarily on a geographic basis, with Right Management currently operating as a separate global business unit. Each country and business unit generally has its own distinct operations and management team, providing services under our global brands, and maintains its own financial reports. We have an executive sponsor for each global brand who is responsible for ensuring the integrity and consistency of delivery locally. We develop and implement global workforce solutions for our clients that deliver the outcomes that help them achieve their business strategy. Each operation reports directly or indirectly through a regional manager to a member of executive management. Given this reporting structure, all of our operations have been segregated into the following reporting segments: Americas, which includes United States and Other Americas; Southern Europe, which includes France, Italy and Other Southern Europe; Northern Europe; APME; and Right Management. The Americas, Southern Europe, Northern Europe and APME segments derive a significant majority of their revenues from the placement of contingent workers. The remaining revenues within these segments are derived from other workforce solutions and services, including recruitment and assessment, training and development, and ManpowerGroup Solutions. ManpowerGroup Solutions includes Talent Based Outsourcing (TBO), TAPFIN - Managed Service Provider (MSP), Recruitment Process Outsourcing (RPO), Borderless Talent Solutions (BTS) and Strategic Workforce Consulting (SWC). The Right Management segment revenues are derived from career management and workforce consulting services. Segment revenues represent sales to external clients. Due to the nature of our business, we generally do not have export sales. We provide services to a wide variety of clients, none of which individually comprise a significant portion of revenues for us as a whole. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. We evaluate performance based on operating unit profit, which is equal to segment revenues less direct costs and branch and national headquarters operating costs. This profit measure does not include goodwill and intangible asset impairment charges or amortization of intangible assets related to acquisitions, interest and other income and expense amounts or income taxes. Total assets for the segments are reported after the elimination of investments in subsidiaries and intercompany accounts.
Year Ended December 31 |  | 2012 |  | 2011 |  | 2010 |
Revenues from Services(a) |  |  |  |  |  |  |  |  |  |
Americas: |  |  |  |  |  |  |  |  |  |
United States(b) |  | $ | 3,010.5 |  | $ | 3,137.3 |  | $ | 2,783.4 |
Other Americas |  |  | 1,585.4 |  |  | 1,512.1 |  |  | 1,265.5 |
|  |  | 4,595.9 |  |  | 4,649.4 |  |  | 4,048.9 |
Southern Europe: |  |  |  |  |  |  |  |  |  |
France |  |  | 5,425.6 |  |  | 6,179.1 |  |  | 5,208.6 |
Italy |  |  | 1,056.8 |  |  | 1,255.8 |  |  | 1,044.2 |
Other Southern Europe |  |  | 768.5 |  |  | 776.9 |  |  | 698.9 |
|  |  | 7,250.9 |  |  | 8,211.8 |  |  | 6,951.7 |
Northern Europe |  |  | 5,773.9 |  |  | 6,159.4 |  |  | 5,344.1 |
APME |  |  | 2,728.8 |  |  | 2,661.7 |  |  | 2,147.2 |
Right Management |  |  | 328.5 |  |  | 323.7 |  |  | 374.6 |
|  | $ | 20,678.0 |  | $ | 22,006.0 |  | $ | 18,866.5 |
Operating Unit Profit (Loss) |  |  |  |  |  |  |  |  |  |
Americas: |  |  |  |  |  |  |  |  |  |
United States |  | $ | 60.8 |  | $ | 94.1 |  | $ | 42.8 |
Other Americas |  |  | 50.6 |  |  | 47.8 |  |  | 36.5 |
|  |  | 111.4 |  |  | 141.9 |  |  | 79.3 |
Southern Europe: |  |  |  |  |  |  |  |  |  |
France |  |  | 56.7 |  |  | 85.2 |  |  | 47.1 |
Italy |  |  | 45.4 |  |  | 74.1 |  |  | 47.5 |
Other Southern Europe |  |  | 10.1 |  |  | 10.8 |  |  | 7.2 |
|  |  | 112.2 |  |  | 170.1 |  |  | 101.8 |
Northern Europe |  |  | 159.8 |  |  | 212.6 |  |  | 150.2 |
APME |  |  | 90.7 |  |  | 78.8 |  |  | 47.2 |
Right Management |  |  | 13.4 |  |  | (1.4 | ) |  | 3.5 |
|  |  | 487.5 |  |  | 602.0 |  |  | 382.0 |
Corporate expenses |  |  | (112.0 | ) |  | (123.1 | ) |  | (101.2 | )
Goodwill and intangible asset impairment charges |  |  | — |  |  | — |  |  | (428.8 | )
Intangible asset amortization expense(c) |  |  | (36.7 | ) |  | (38.9 | ) |  | (39.3 | )
Reclassification of French business tax(d) |  |  | 72.9 |  |  | 84.2 |  |  | 65.3 |
Interest and other expenses |  |  | (43.3 | ) |  | (44.3 | ) |  | (43.2 | )
Earnings (loss) before income taxes |  | $ | 368.4 |  | $ | 479.9 |  | $ | (165.2 | )
(a) | Further breakdown of revenues from services by geographical region is as follows:
Revenues from Services |  |  | 2012 |  |  | 2011 |  |  | 2010 |
United States |  | $ | 3,132.0 |  | $ | 3,254.6 |  | $ | 2,940.1 |
France |  |  | 5,448.3 |  |  | 6,201.9 |  |  | 5,240.7 |
Italy |  |  | 1,061.6 |  |  | 1,277.1 |  |  | 1,065.0 |
United Kingdom |  |  | 1,898.1 |  |  | 1,880.4 |  |  | 1,822.2 |
Total Foreign |  |  | 17,546.0 |  |  | 18,751.4 |  |  | 15,926.4 |
(b) | The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which are discussed further on the financial highlights page.
(c) | Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.
(d) | The French business tax is reported in provision for income taxes rather than in cost of services, in accordance with the current accounting guidance on income taxes. However, we view this tax as operational in nature. Accordingly, the financial information reviewed internally continues to include the French business tax within the operating unit profit of our France reportable segment. Therefore, we have shown the amount of the French business tax above to reconcile to our earnings (loss) before income taxes.
Year Ended December 31 |  | 2012 |  | 2011 |  | 2010 |
Depreciation and Amortization Expense |  |  |  |  |  |  |  |  |  |
Americas: |  |  |  |  |  |  |  |  |  |
United States |  | $ | 13.4 |  | $ | 13.5 |  | $ | 15.4 |
Other Americas |  |  | 4.2 |  |  | 4.0 |  |  | 3.7 |
|  |  | 17.6 |  |  | 17.5 |  |  | 19.1 |
Southern Europe: |  |  |  |  |  |  |  |  |  |
France |  |  | 13.1 |  |  | 12.4 |  |  | 12.6 |
Italy |  |  | 2.7 |  |  | 3.3 |  |  | 3.8 |
Other Southern Europe |  |  | 2.4 |  |  | 2.7 |  |  | 2.9 |
|  |  | 18.2 |  |  | 18.4 |  |  | 19.3 |
Northern Europe |  |  | 15.8 |  |  | 17.0 |  |  | 18.3 |
APME |  |  | 4.9 |  |  | 5.1 |  |  | 4.6 |
Right Management |  |  | 5.1 |  |  | 5.9 |  |  | 7.3 |
Corporate |  |  | 2.2 |  |  | 1.6 |  |  | 2.2 |
Amortization of intangible assets(a) |  |  | 36.7 |  |  | 38.9 |  |  | 39.3 |
|  | $ | 100.5 |  | $ | 104.4 |  | $ | 110.1 |
Earnings from Equity Investments |  |  |  |  |  |  |  |  |  |
Americas: |  |  |  |  |  |  |  |  |  |
United States |  | $ | — |  | $ | — |  | $ | — |
Other Americas |  |  | — |  |  | — |  |  | — |
|  |  | — |  |  | — |  |  | — |
Southern Europe: |  |  |  |  |  |  |  |  |  |
France |  |  | — |  |  | (0.4 | ) |  | (0.6 | )
Italy |  |  | — |  |  | — |  |  | — |
Other Southern Europe |  |  | — |  |  | — |  |  | — |
|  |  | — |  |  | (0.4 | ) |  | (0.6 | )
Northern Europe |  |  | 2.5 |  |  | 4.3 |  |  | 5.2 |
APME |  |  | — |  |  | — |  |  | — |
Right Management |  |  | — |  |  | — |  |  | — |
|  | $ | 2.5 |  | $ | 3.9 |  | $ | 4.6 |
(a) | Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.
Year Ended December 31 |  | 2012 |  | 2011 |  | 2010 |
Total Assets |  |  |  |  |  |  |  |  |  |
Americas: |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,511.0 |  | $ | 1,429.9 |  | $ | 1,361.4 |
Other Americas |  |  | 317.5 |  |  | 291.8 |  |  | 257.6 |
|  |  | 1,828.5 |  |  | 1,721.7 |  |  | 1,619.0 |
Southern Europe: |  |  |  |  |  |  |  |  |  |
France |  |  | 1,756.2 |  |  | 1,822.7 |  |  | 1,826.0 |
Italy |  |  | 301.2 |  |  | 301.3 |  |  | 271.3 |
Other Southern Europe |  |  | 187.8 |  |  | 170.3 |  |  | 170.6 |
|  |  | 2,245.2 |  |  | 2,294.3 |  |  | 2,267.9 |
Northern Europe |  |  | 1,732.5 |  |  | 1,714.3 |  |  | 1,682.2 |
APME |  |  | 491.7 |  |  | 472.4 |  |  | 395.1 |
Right Management |  |  | 95.4 |  |  | 75.7 |  |  | 86.1 |
Corporate(a) |  |  | 619.3 |  |  | 621.3 |  |  | 679.4 |
|  | $ | 7,012.6 |  | $ | 6,899.7 |  | $ | 6,729.7 |
Equity Investments |  |  |  |  |  |  |  |  |  |
Americas: |  |  |  |  |  |  |  |  |  |
United States |  | $ | 3.0 |  | $ | — |  | $ | — |
Other Americas |  |  | — |  |  | — |  |  | — |
|  |  | 3.0 |  |  | — |  |  | — |
Southern Europe: |  |  |  |  |  |  |  |  |  |
France |  |  | 0.1 |  |  | 0.1 |  |  | 0.4 |
Italy |  |  | — |  |  | — |  |  | — |
Other Southern Europe |  |  | — |  |  | — |  |  | — |
|  |  | 0.1 |  |  | 0.1 |  |  | 0.4 |
Northern Europe |  |  | 81.5 |  |  | 75.0 |  |  | 70.5 |
APME |  |  | 0.7 |  |  | 0.8 |  |  | 0.7 |
Right Management |  |  | — |  |  | — |  |  | — |
|  | $ | 85.3 |  | $ | 75.9 |  | $ | 71.6 |
(a) | Corporate assets include assets that were not used in the operations of any segment, the most significant of which were purchased intangibles and cash.
Year Ended December 31 |  |  | 2012 |  |  | 2011 |  |  | 2010 |
Long-Lived Assets(a) |  |  |  |  |  |  |  |  |  |
Americas: |  |  |  |  |  |  |  |  |  |
United States |  | $ | 32.8 |  | $ | 35.5 |  | $ | 39.7 |
Other Americas |  |  | 11.2 |  |  | 10.5 |  |  | 9.7 |
|  |  | 44.0 |  |  | 46.0 |  |  | 49.4 |
Southern Europe: |  |  |  |  |  |  |  |  |  |
France |  |  | 59.4 |  |  | 46.0 |  |  | 43.2 |
Italy |  |  | 7.0 |  |  | 7.9 |  |  | 7.7 |
Other Southern Europe |  |  | 8.6 |  |  | 8.5 |  |  | 8.9 |
|  |  | 75.0 |  |  | 62.4 |  |  | 59.8 |
Northern Europe |  |  | 40.4 |  |  | 43.3 |  |  | 45.3 |
APME |  |  | 22.4 |  |  | 23.3 |  |  | 17.8 |
Right Management |  |  | 12.4 |  |  | 11.4 |  |  | 15.9 |
Corporate |  |  | 1.2 |  |  | 2.5 |  |  | 4.0 |
|  | $ | 195.4 |  | $ | 188.9 |  | $ | 192.2 |
Additions to Long-Lived Assets |  |  |  |  |  |  |  |  |  |
Americas: |  |  |  |  |  |  |  |  |  |
United States |  | $ | 11.6 |  | $ | 10.0 |  | $ | 6.4 |
Other Americas |  |  | 5.0 |  |  | 5.5 |  |  | 3.7 |
|  |  | 16.6 |  |  | 15.5 |  |  | 10.1 |
Southern Europe: |  |  |  |  |  |  |  |  |  |
France |  |  | 25.6 |  |  | 16.4 |  |  | 18.8 |
Italy |  |  | 1.8 |  |  | 3.7 |  |  | 3.6 |
Other Southern Europe |  |  | 2.2 |  |  | 3.1 |  |  | 2.0 |
|  |  | 29.6 |  |  | 23.2 |  |  | 24.4 |
Northern Europe |  |  | 12.8 |  |  | 18.4 |  |  | 13.7 |
APME |  |  | 5.6 |  |  | 5.5 |  |  | 7.2 |
Right Management |  |  | 7.4 |  |  | 2.3 |  |  | 2.9 |
Corporate |  |  | — |  |  | — |  |  | 0.2 |
|  | $ | 72.0 |  | $ | 64.9 |  | $ | 58.5 |
(a) | Further breakdown of long-lived assets by geographical region was as follows:
Long-Lived Assets |  |  | 2012 |  |  | 2011 |  |  | 2010 |
United States |  | $ | 39.7 |  | $ | 41.1 |  | $ | 48.2 |
France |  |  | 61.0 |  |  | 48.1 |  |  | 45.8 |
Italy |  |  | 7.1 |  |  | 8.1 |  |  | 8.1 |
United Kingdom |  |  | 11.0 |  |  | 12.9 |  |  | 15.3 |
Total Foreign |  |  | 155.7 |  |  | 147.8 |  |  | 144.0 |

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration