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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
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 |
2023 |  | $ | 109.3 |  |  | $ | 5.4 |  |  | $ | (18.2 | ) |  | $ | 2.7 |  |  | $ | — |  |  | $ | 99.2 |
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 |
Schedule of Changes in Restructuring Reserve | Changes in the restructuring reserve by reportable segment and Corporate are shown below:
|  | Americas(a) |  |  | Southern Europe(b) |  |  | Northern Europe |  |  | APME |  |  | Corporate |  |  | Total |
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 |
Severance costs |  |  | 11.5 |  |  |  | 11.3 |  |  |  | 87.4 |  |  |  | 3.3 |  |  |  | 0.4 |  |  |  | 113.9 |
Other costs |  |  | — |  |  |  | 2.3 |  |  |  | 33.0 |  |  |  | — |  |  |  | — |  |  |  | 35.3 |
Costs paid |  |  | (7.7 | ) |  |  | (8.7 | ) |  |  | (52.5 | ) |  |  | (3.1 | ) |  |  | (0.4 | ) |  |  | (72.4 | )
Balance, December 31, 2023 |  | $ | 4.8 |  |  | $ | 5.9 |  |  | $ | 78.9 |  |  | $ | 0.4 |  |  | $ | — |  |  | $ | 90.0 |
(a) Balance related to United States was $0.2 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. In 2023, United States incurred $7.7 for severance costs and paid $4.6, leaving a $3.7 liability as of December 31, 2023. (b) France had a $0.6 liability as of December 31, 2021. In 2022, France incurred $0.9 for other costs and paid $0.6, leaving a $0.9 liability as of December 31, 2022. In 2023, France incurred $2.1 for severance costs, $0.4 for other costs and paid $0.9, leaving a $2.5 liability as of December 31, 2023. Balance related to Italy was $$0.3 as of December 31, 2021. In 2022, Italy paid $0.3, leaving no liability as of December 31, 2022. In 2023, Italy incurred $1.6 for severance costs and paid $0.6, leaving a $1.0 liability as of December 31, 2023.
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, 2023 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | December 31, 2022 |  |  | 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 |  | $ | 144.2 |  |  | $ | 144.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 115.3 |  |  | $ | 115.3 |  |  | $ | — |  |  | $ | — |
Cross-currency swaps |  |  | 31.7 |  |  |  | — |  |  |  | 31.7 |  |  |  | — |  |  |  | 13.8 |  |  |  | — |  |  |  | 13.8 |  |  |  | — |
Foreign currency forward contracts |  |  | 6.7 |  |  |  | — |  |  |  | 6.7 |  |  |  | — |  |  |  | 0.2 |  |  |  | — |  |  |  | 0.2 |  |  |  | — |
|  | $ | 182.6 |  |  | $ | 144.2 |  |  | $ | 38.4 |  |  | $ | — |  |  | $ | 129.3 |  |  | $ | 115.3 |  |  | $ | 14.0 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swaps |  | $ | 73.3 |  |  | $ | — |  |  | $ | 73.3 |  |  | $ | — |  |  | $ | 25.8 |  |  | $ | — |  |  | $ | 25.8 |  |  | $ | — |
Foreign currency forward contracts |  |  | 2.3 |  |  |  | — |  |  |  | 2.3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  | $ | 75.6 |  |  | $ | — |  |  | $ | 75.6 |  |  | $ | — |  |  | $ | 25.8 |  |  | $ | — |  |  | $ | 25.8 |  |  | $ | — |
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, 2023 |  |  | December 31, 2022 |
|  | Gross |  |  | Accumulated Amortization |  |  | Net |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |
Goodwill(a) |  | $ | 1,586.8 |  |  | $ | — |  |  | $ | 1,586.8 |  |  | $ | 1,628.1 |  |  | $ | — |  |  | $ | 1,628.1 |
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 824.9 |  |  | $ | 486.0 |  |  | $ | 338.9 |  |  | $ | 818.9 |  |  | $ | 448.1 |  |  | $ | 370.8 |
Other |  |  | 21.5 |  |  |  | 21.2 |  |  |  | 0.3 |  |  |  | 21.3 |  |  |  | 20.2 |  |  | $ | 1.1 |
|  |  | 846.4 |  |  |  | 507.2 |  |  |  | 339.2 |  |  |  | 840.2 |  |  |  | 468.3 |  |  |  | 371.9 |
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames(b) |  |  | 52.0 |  |  |  | — |  |  |  | 52.0 |  |  |  | 52.0 |  |  |  | — |  |  |  | 52.0 |
Reacquired franchise rights |  |  | 128.4 |  |  |  | — |  |  |  | 128.4 |  |  |  | 125.6 |  |  |  | — |  |  |  | 125.6 |
|  |  | 180.4 |  |  |  | — |  |  |  | 180.4 |  |  |  | 177.6 |  |  |  | — |  |  |  | 177.6 |
Total intangible assets |  | $ | 1,026.8 |  |  | $ | 507.2 |  |  | $ | 519.6 |  |  | $ | 1,017.8 |  |  | $ | 468.3 |  |  | $ | 549.5 |
(a) Balances were net of accumulated impairment loss of $749.3 and $694.2 as of December 31, 2023 and 2022, respectively. (b) Balances were net of accumulated impairment loss of $139.5 as of both December 31, 2023 and 2022.
Summary of Property and Equipment | A summary of property and equipment as of December 31 is as follows:
|  | 2023 |  |  | 2022 |
Land |  | $ | 0.4 |  |  | $ | 0.4 |
Buildings |  |  | 6.4 |  |  |  | 6.3 |
Furniture, fixtures, and autos |  |  | 148.5 |  |  |  | 166.4 |
Computer equipment |  |  | 127.3 |  |  |  | 130.1 |
Leasehold improvements |  |  | 243.9 |  |  |  | 281.7 |
Property and equipment |  | $ | 526.5 |  |  | $ | 584.9 |

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