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Segment Data | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Segment Data | (15) Segment Data Effective January 1, 2024, our segment reporting was realigned to include our Puerto Rico business within Other Americas. Accordingly, United States is now adjusted to exclude Puerto Rico. All previously reported results have been restated to conform to the current year presentation. We are organized and managed primarily on a geographic basis. 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 across the company. Each operation reports directly or indirectly through a regional manager, to a member of executive management. Given this reporting structure, we operate using the following reporting segments: Americas, which includes United States and Other Americas; Southern Europe, which includes France, Italy and Other Southern Europe; Northern Europe; and APME. The segments derive a significant majority of their revenues from our staffing and interim services. The remaining revenues within these segments are derived from our outcome-based solutions and consulting services, permanent recruitment services, and other services. Segment revenues represent sales to external clients. We provide services to a wide variety of clients, none of which individually comprise a significant portion of revenues for us as a whole. Due to the nature of our business, we generally do not have export sales.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Revenues from services: |  |  |  |  |  |  |  |  |  |  |  |
Americas: |  |  |  |  |  |  |  |  |  |  |  |
United States (a) |  | $ | 697.0 |  |  | $ | 709.1 |  |  | $ | 1,377.4 |  |  | $ | 1,450.7 |
Other Americas |  |  | 367.4 |  |  |  | 389.6 |  |  |  | 723.4 |  |  |  | 778.2 |
|  |  | 1,064.4 |  |  |  | 1,098.7 |  |  |  | 2,100.8 |  |  |  | 2,228.9 |
Southern Europe: |  |  |  |  |  |  |  |  |  |  |  |
France |  |  | 1,184.9 |  |  |  | 1,278.2 |  |  |  | 2,304.2 |  |  |  | 2,447.5 |
Italy |  |  | 434.9 |  |  |  | 457.8 |  |  |  | 839.2 |  |  |  | 880.0 |
Other Southern Europe |  |  | 478.2 |  |  |  | 490.9 |  |  |  | 935.9 |  |  |  | 967.3 |
|  |  | 2,098.0 |  |  |  | 2,226.9 |  |  |  | 4,079.3 |  |  |  | 4,294.8 |
Northern Europe |  |  | 837.3 |  |  |  | 952.5 |  |  |  | 1,707.6 |  |  |  | 1,920.1 |
APME |  |  | 541.4 |  |  |  | 599.4 |  |  |  | 1,076.5 |  |  |  | 1,205.3 |
|  |  | 4,541.1 |  |  |  | 4,877.5 |  |  |  | 8,964.2 |  |  |  | 9,649.1 |
Intercompany Eliminations |  |  | (20.4 | ) |  |  | (21.4 | ) |  |  | (40.2 | ) |  |  | (40.7 | )
Consolidated (b) |  | $ | 4,520.7 |  |  | $ | 4,856.1 |  |  | $ | 8,924.0 |  |  | $ | 9,608.4 |
Operating unit profit: (c) |  |  |  |  |  |  |  |  |  |  |  |
Americas: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 27.4 |  |  | $ | 23.1 |  |  | $ | 39.4 |  |  | $ | 53.1 |
Other Americas |  |  | 17.7 |  |  |  | 20.1 |  |  |  | 31.8 |  |  |  | 38.7 |
|  |  | 45.1 |  |  |  | 43.2 |  |  |  | 71.2 |  |  |  | 91.8 |
Southern Europe: |  |  |  |  |  |  |  |  |  |  |  |
France |  |  | 40.3 |  |  |  | 49.5 |  |  |  | 73.4 |  |  |  | 94.4 |
Italy |  |  | 34.0 |  |  |  | 36.3 |  |  |  | 61.4 |  |  |  | 67.0 |
Other Southern Europe |  |  | 8.9 |  |  |  | 6.8 |  |  |  | 18.3 |  |  |  | 21.1 |
|  |  | 83.2 |  |  |  | 92.6 |  |  |  | 153.1 |  |  |  | 182.5 |
Northern Europe |  |  | (2.4 | ) |  |  | (9.7 | ) |  |  | (2.4 | ) |  |  | (4.7 | )
APME |  |  | 25.0 |  |  |  | 25.7 |  |  |  | 44.9 |  |  |  | 46.8 |
|  |  | 150.9 |  |  |  | 151.8 |  |  |  | 266.8 |  |  |  | 316.4 |
Corporate expenses |  |  | (41.7 | ) |  |  | (35.5 | ) |  |  | (83.4 | ) |  |  | (73.4 | )
Intangible asset amortization expense |  |  | (8.1 | ) |  |  | (8.7 | ) |  |  | (16.4 | ) |  |  | (17.5 | )
Operating profit |  |  | 101.1 |  |  |  | 107.6 |  |  |  | 167.0 |  |  |  | 225.5 |
Interest and other expenses, net |  |  | (8.7 | ) |  |  | (11.8 | ) |  |  | (17.1 | ) |  |  | (19.3 | )
Earnings before income taxes |  | $ | 92.4 |  |  | $ | 95.8 |  |  | $ | 149.9 |  |  | $ | 206.2 |
(a) In the United States, revenues from services included fees received from the related franchise offices of $3.2 and $2.6 for the three months ended June 30, 2024 and 2023, respectively, and $5.6 and $5.8 for the six months ended June 30, 2024 and 2023, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $99.8 and $100.8 for the three months ended June 30, 2024 and 2023, respectively, and $187.2 and $200.1 for the six months ended June 30, 2024 and 2023, respectively. (b) Our consolidated revenues from services include fees received from our franchise offices of $4.0 and $3.3 for the three months ended June 30, 2024 and 2023, respectively, and $7.3 and $7.2 for the six months ended June 30, 2024 and 2023, respectively. These fees are primarily based on revenues generated by the franchise offices, which were $287.7 and $250.6 for the three months ended June 30, 2024 and 2023, respectively, and $564.9 and $500.8 for the six months ended June 30, 2024 and 2023, respectively. (c) We evaluate segment performance based on operating unit profit (“OUP”), which is equal to segment revenues less cost of services and branch and national headquarters operating costs. This profit measure does not include goodwill and intangible asset impairment charges or amortization of intangibles related to acquisitions, corporate expenses, interest and other expense amounts or income taxes.

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- Definition The entire disclosure for reporting segments including data and tables. 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