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v3.22.4

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2022
Accounting Policies [Abstract] |
Summary of Rollforward of Allowance for Doubtful Accounts | We have an allowance for doubtful accounts recorded as an estimate of the accounts receivable balance that may not be collected. This allowance is calculated on an entity-by-entity basis with consideration for historical write-off experience, the current aging of receivables, market conditions and a specific review for potential bad debts. Items that affect this balance mainly include bad debt expense and the write-off of accounts receivable balances.
|  | Balance at Beginning of Year |  |  | Provisions Charged to Earnings |  |  | Write-Offs |  |  | Translation Adjustments |  |  | Reclassifications and Other |  |  | Balance at End of Year |
2022 |  | $ | 121.6 |  |  | $ | 6.2 |  |  | $ | (12.4 | ) |  | $ | (5.8 | ) |  | $ | (0.3 | ) |  | $ | 109.3 |
2021 |  |  | 128.1 |  |  |  | 17.9 |  |  |  | (17.7 | ) |  |  | (6.5 | ) |  |  | (0.2 | ) |  |  | 121.6 |
2020 |  |  | 113.5 |  |  |  | 20.3 |  |  |  | (17.8 | ) |  |  | 8.1 |  |  |  | 4.0 |  |  |  | 128.1 |
Schedule of Changes in Restructuring Reserve | Changes in the restructuring reserve by reportable segment and Corporate are shown below:
|  | Americas(1) |  |  | Southern Europe(2) |  |  | Northern Europe |  |  | APME |  |  | Corporate |  |  | Total |
Balance, December 31, 2020 |  | $ | 1.9 |  |  | $ | 3.5 |  |  | $ | 40.7 |  |  | $ | — |  |  | $ | — |  |  |  | 46.1 |
Severance costs |  |  | 5.2 |  |  |  | — |  |  |  | 10.0 |  |  |  | — |  |  |  | — |  |  |  | 15.2 |
Costs paid |  |  | (6.1 | ) |  |  | (2.7 | ) |  |  | (29.2 | ) |  |  | — |  |  |  | — |  |  |  | (38.0 | )
Balance, December 31, 2021 |  | $ | 1.0 |  |  | $ | 0.8 |  |  | $ | 21.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 23.3 |
Severance costs |  |  | 1.7 |  |  |  | — |  |  |  | 0.8 |  |  |  | 0.1 |  |  |  | — |  |  |  | 2.6 |
Other costs |  |  | — |  |  |  | 0.9 |  |  |  | — |  |  |  | 0.1 |  |  |  |  |  |  | 1.0 |
Costs paid |  |  | (1.7 | ) |  |  | (0.7 | ) |  |  | (11.3 | ) |  |  | — |  |  |  | — |  |  |  | (13.7 | )
Balance, December 31, 2022 |  | $ | 1.0 |  |  | $ | 1.0 |  |  | $ | 11.0 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | 13.2 |
(1) Balance related to United States was $1.4 as of December 31, 2020. In 2021, United States paid $1.2, leaving a $0.2 liability as of December 31, 2021. In 2022, United States incurred $0.8 for severance costs and paid $0.4, leaving a $0.6 liability as of December 31, 2022. (2) France had a $0.6 liability as of December 31, 2020 and 2021. In 2022, France incurred $0.9 for other costs and paid $0.6, leaving a $0.9 liability as of December 31, 2022. Balance related to Italy was $1.4 as of December 31, 2020. In 2021, Italy paid $1.1, leaving a $0.3 liability as of December 31, 2021. In 2022, Italy paid $0.3, leaving no liability as of December 31, 2022.
Schedule of Fair Value of Assets and Liabilities Measured on a Recurring Basis | The assets and liabilities measured and recorded at fair value on a recurring basis were as follows:
|  | Fair Value Measurements Using |  |  | Fair Value Measurements Using |
|  | December 31, 2022 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | December 31, 2021 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred compensation plan assets |  | $ | 115.3 |  |  | $ | 115.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 138.0 |  |  | $ | 138.0 |  |  | $ | — |  |  | $ | — |
Cross-currency swaps |  |  | 13.8 |  |  |  | — |  |  |  | 13.8 |  |  |  | — |  |  |  | 24.7 |  |  |  | — |  |  |  | 24.7 |  |  |  | — |
Foreign currency forward contracts |  |  | 0.2 |  |  |  | — |  |  |  | 0.2 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 129.3 |  |  | $ | 115.3 |  |  | $ | 14.0 |  |  | $ | — |  |  | $ | 162.7 |  |  | $ | 138.0 |  |  | $ | 24.7 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swaps |  | $ | 25.8 |  |  | $ | — |  |  | $ | 25.8 |  |  | $ | — |  |  | $ | 24.2 |  |  | $ | — |  |  | $ | 24.2 |  |  | $ | — |
Foreign currency forward contracts |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5.5 |  |  |  | — |  |  |  | 5.5 |  |  |  | — |
|  | $ | 25.8 |  |  | $ | — |  |  | $ | 25.8 |  |  | $ | — |  |  | $ | 29.7 |  |  | $ | — |  |  | $ | 29.7 |  |  | $ | — |
Schedule of Goodwill, Finite-Lived Intangible Assets and Indefinite-Lived Intangible Assets | We had goodwill, finite-lived intangible assets and indefinite-lived intangible assets as follows:
|  | December 31, 2022 |  |  | December 31, 2021 |
|  | Gross |  |  | Accumulated Amortization |  |  | Net |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |
Goodwill(1) |  | $ | 1,628.1 |  |  | $ | — |  |  | $ | 1,628.1 |  |  | $ | 1,722.2 |  |  | $ | — |  |  | $ | 1,722.2 |
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 818.9 |  |  | $ | 448.1 |  |  | $ | 370.8 |  |  | $ | 823.4 |  |  | $ | 421.6 |  |  | $ | 401.8 |
Other |  |  | 21.3 |  |  |  | 20.2 |  |  |  | 1.1 |  |  |  | 23.2 |  |  |  | 19.7 |  |  | $ | 3.5 |
|  |  | 840.2 |  |  |  | 468.3 |  |  |  | 371.9 |  |  |  | 846.6 |  |  |  | 441.3 |  |  |  | 405.3 |
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames(2) |  |  | 52.0 |  |  |  | — |  |  |  | 52.0 |  |  |  | 52.0 |  |  |  | — |  |  |  | 52.0 |
Reacquired franchise rights |  |  | 125.6 |  |  |  | — |  |  |  | 125.6 |  |  |  | 126.3 |  |  |  | — |  |  |  | 126.3 |
|  |  | 177.6 |  |  |  | — |  |  |  | 177.6 |  |  |  | 178.3 |  |  |  | — |  |  |  | 178.3 |
Total intangible assets |  | $ | 1,017.8 |  |  | $ | 468.3 |  |  | $ | 549.5 |  |  | $ | 1,024.9 |  |  | $ | 441.3 |  |  | $ | 583.6 |
(1) Balances were net of accumulated impairment loss of $694.2 and $644.2 as of December 31, 2022 and 2021, respectively. (2) Balances were net of accumulated impairment loss of $139.5 as of both December 31, 2022 and 2021.
Summary of Property and Equipment | A summary of property and equipment as of December 31 is as follows:
|  | 2022 |  |  | 2021 |
Land |  | $ | 0.4 |  |  | $ | 0.5 |
Buildings |  |  | 6.3 |  |  |  | 6.7 |
Furniture, fixtures, and autos |  |  | 166.4 |  |  |  | 166.5 |
Computer equipment |  |  | 130.1 |  |  |  | 132.7 |
Leasehold improvements |  |  | 281.7 |  |  |  | 288.5 |
Property and equipment |  | $ | 584.9 |  |  | $ | 594.9 |

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