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Goodwill (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Value of Goodwill by Reportable Segment

Changes in the carrying value of goodwill by reportable segment and Corporate were as follows:

 

 

 

Americas(a)

 

 

Southern
Europe(b)

 

 

Northern
Europe

 

 

APME

 

 

Corporate(c)

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2023(d)

 

$

1,049.6

 

 

$

148.2

 

 

$

234.8

 

 

$

69.5

 

 

$

126.0

 

 

$

1,628.1

 

Impairment Charge(e)

 

 

—

 

 

 

—

 

 

 

(55.1

)

 

 

—

 

 

 

—

 

 

 

(55.1

)

Currency impact

 

 

0.8

 

 

 

6.5

 

 

 

8.3

 

 

 

(1.8

)

 

 

—

 

 

 

13.8

 

Balance, December 31, 2023(d)

 

 

1,050.4

 

 

 

154.7

 

 

 

188.0

 

 

 

67.7

 

 

 

126.0

 

 

 

1,586.8

 

Acquisitions

 

 

1.4

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1.4

 

Currency impact

 

 

(3.6

)

 

 

(9.4

)

 

 

(6.6

)

 

 

(4.7

)

 

 

(0.5

)

 

 

(24.8

)

Balance, December 31, 2024(d)

 

$

1,048.2

 

 

$

145.3

 

 

$

181.4

 

 

$

63.0

 

 

$

125.5

 

 

$

1,563.4

 

 

(a)
Balances related to United States were $1,006.5, $1,005.8 and $1,007.2 as of January 1, 2023, December 31, 2023 and December 31, 2024, respectively.
(b)
Balances related to France were $73.3, $75.6 and $70.9 as of January 1, 2023, December 31, 2023 and December 31, 2024, respectively. Balances related to Italy were $3.7, $3.8 and $3.5 as of January 1, 2023, December 31, 2023 and December 31, 2024, respectively.
(c)
The majority of the Corporate balance as of January 1, 2023, December 31, 2023 and 2024 relates to goodwill attributable to our acquisitions of Right Management ($62.1) and Jefferson Wells ($55.5). Jefferson Wells is part of the United States reporting unit. Right Management is allocated to the reporting units of the countries in which Right Management operates. For purposes of monitoring our total assets by segment, we do not allocate the Corporate balance to the respective reportable segments as this is commensurate with how we operate our business. We do, however, include these balances within the appropriate reporting units for our goodwill impairment testing.
(d)
Balances were net of accumulated impairment loss of $694.2 ($177.0 related to Northern Europe, $3.8 related to APME, $235.2 related to Right Management and $278.2 related to Corporate) as of January 1, 2023; and $749.3 ($232.1 related to Northern Europe, $3.8 related to APME, $235.2 related to Right Management and $278.2 related to Corporate) as of both December 31, 2023 and 2024.
(e)
The impairment charge relates to our Netherlands reporting unit, which was recorded during the fourth quarter 2023. See Note 1 to the Consolidated Financial Statements for further information.