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Segment Data (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Data otal assets for the segments are reported after the elimination of investments in subsidiaries and intercompany accounts.

Year Ended December 31, 2024

 

Revenue

 

 

Cost of Services

 

 

Selling and
Administrative
Expenses

 

 

OUP

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

United States(a)

 

$

2,766.6

 

 

$

2,032.3

 

 

$

656.6

 

 

$

77.7

 

Other Americas

 

 

1,458.3

 

 

 

1,220.4

 

 

 

174.0

 

 

 

63.9

 

 

 

 

4,224.9

 

 

 

3,252.7

 

 

 

830.6

 

 

 

141.6

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

4,618.4

 

 

 

3,951.7

 

 

 

514.9

 

 

 

151.8

 

Italy

 

 

1,677.0

 

 

 

1,398.1

 

 

 

165.8

 

 

 

113.1

 

Other Southern Europe

 

 

1,922.9

 

 

 

1,667.8

 

 

 

215.9

 

 

 

39.2

 

 

 

 

8,218.3

 

 

 

7,017.6

 

 

 

896.6

 

 

 

304.1

 

Northern Europe

 

 

3,304.3

 

 

 

2,728.0

 

 

 

620.9

 

 

 

(44.6

)

APME

 

 

2,161.3

 

 

 

1,820.1

 

 

 

257.5

 

 

 

83.7

 

Total Segments

 

 

17,908.8

 

 

 

14,818.4

 

 

 

2,605.6

 

 

 

484.8

 

Intercompany Eliminations

 

 

(54.9

)

 

 

(51.3

)

 

 

(3.6

)

 

 

 

 

 

$

17,853.9

 

 

$

14,767.1

 

 

$

2,602.0

 

 

$

484.8

 

Reconciliation of operating unit profit (segment OUP)

 

 

 

 

 

 

 

 

 

 

 

 

Corporate expenses

 

 

 

 

 

 

 

 

 

 

$

(146.1

)

Goodwill impairment charges

 

 

 

 

 

 

 

 

 

 

 

 

Intangible asset amortization expense(b)

 

 

 

 

 

 

 

 

 

 

 

(32.7

)

Operating profit

 

 

 

 

 

 

 

 

 

 

 

306.0

 

Interest and other expenses, net

 

 

 

 

 

 

 

 

 

 

 

(49.2

)

Earnings before income taxes

 

 

 

 

 

 

 

 

 

 

$

256.8

 

(a)
The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $10.7 for 2024.
(b)
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, 2024

 

Total Assets

 

 

Long-lived Assets(a)

 

 

Depreciation and
Amortization Expense

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

United States

 

$

2,902.4

 

 

$

77.7

 

 

$

9.7

 

Other Americas

 

 

465.3

 

 

 

13.3

 

 

 

2.6

 

 

 

 

3,367.7

 

 

 

91.0

 

 

 

12.3

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

2,049.8

 

 

 

171.8

 

 

 

15.2

 

Italy

 

 

479.3

 

 

 

45.6

 

 

 

2.0

 

Other Southern Europe

 

 

762.3

 

 

 

45.5

 

 

 

3.9

 

 

 

 

3,291.4

 

 

 

262.9

 

 

 

21.1

 

Northern Europe

 

 

597.7

 

 

 

115.1

 

 

 

10.9

 

APME

 

 

615.0

 

 

 

39.7

 

 

 

5.5

 

Corporate(b)

 

 

329.2

 

 

 

7.5

 

 

 

4.1

 

Intangible asset amortization expense(c)

 

 

 

 

 

 

 

 

32.7

 

 

 

$

8,201.0

 

 

$

516.2

 

 

$

86.6

 

(a)
Long-lived assets consist of net property and equipment, net capitalized software and right-of-use assets.
(b)
Corporate assets include assets that were not used in the operations of any segment, the most significant of which were purchased intangibles and cash.
(c)
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, 2023

 

Revenue

 

 

Cost of Services

 

 

Selling and
Administrative
Expenses

 

 

OUP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas:(a)

 

 

 

 

 

 

 

 

 

 

 

 

United States(b)

 

$

2,866.2

 

 

$

2,081.6

 

 

$

690.2

 

 

$

94.4

 

Other Americas

 

 

1,548.6

 

 

 

1,294.5

 

 

 

182.9

 

 

 

71.2

 

 

 

 

4,414.8

 

 

 

3,376.1

 

 

 

873.1

 

 

 

165.6

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

4,867.1

 

 

 

4,145.9

 

 

 

532.9

 

 

 

188.3

 

Italy

 

 

1,708.8

 

 

 

1,418.4

 

 

 

165.7

 

 

 

124.7

 

Other Southern Europe

 

 

1,939.4

 

 

 

1,662.6

 

 

 

232.1

 

 

 

44.7

 

 

 

 

8,515.3

 

 

 

7,226.9

 

 

 

930.7

 

 

 

357.7

 

Northern Europe

 

 

3,748.0

 

 

 

3,099.0

 

 

 

765.7

 

 

 

(116.7

)

APME

 

 

2,322.3

 

 

 

1,940.2

 

 

 

289.5

 

 

 

92.6

 

Total Segments

 

 

19,000.4

 

 

 

15,642.2

 

 

 

2,859.0

 

 

 

499.2

 

Intercompany Eliminations

 

 

(85.9

)

 

 

(85.9

)

 

 

 

 

 

 

 

 

$

18,914.5

 

 

$

15,556.3

 

 

$

2,859.0

 

 

$

499.2

 

Reconciliation of operating unit profit (segment OUP)

 

 

 

 

 

 

 

 

 

 

 

 

Corporate expenses

 

 

 

 

 

 

 

 

 

 

$

(153.7

)

Goodwill impairment charges

 

 

 

 

 

 

 

 

 

 

 

(55.1

)

Intangible asset amortization expense(c)

 

 

 

 

 

 

 

 

 

 

 

(34.6

)

Operating profit

 

 

 

 

 

 

 

 

 

 

 

255.8

 

Interest and other expenses, net

 

 

 

 

 

 

 

 

 

 

 

(49.9

)

Earnings before income taxes

 

 

 

 

 

 

 

 

 

 

$

205.9

 

(a)
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.
(b)
The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $11.9 for 2023.
(c)
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, 2023

 

Total Assets

 

 

Long-lived Assets(a)

 

 

Depreciation and
Amortization Expense

 

 

 

 

 

 

 

 

 

 

 

Americas:(b)

 

 

 

 

 

 

 

 

 

United States

 

$

3,050.4

 

 

$

87.9

 

 

$

9.5

 

Other Americas

 

 

437.8

 

 

 

16.5

 

 

 

2.2

 

 

 

 

3,488.2

 

 

 

104.4

 

 

 

11.7

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

2,253.6

 

 

 

182.9

 

 

 

12.7

 

Italy

 

 

487.0

 

 

 

50.6

 

 

 

2.2

 

Other Southern Europe

 

 

800.4

 

 

 

55.9

 

 

 

4.4

 

 

 

 

3,541.0

 

 

 

289.4

 

 

 

19.3

 

Northern Europe

 

 

586.3

 

 

 

138.0

 

 

 

13.9

 

APME

 

 

719.1

 

 

 

46.1

 

 

 

6.3

 

Corporate(c)

 

 

495.6

 

 

 

10.7

 

 

 

2.8

 

Intangible asset amortization expense(d)

 

 

 

 

 

 

 

 

34.6

 

 

 

$

8,830.2

 

 

$

588.6

 

 

$

88.6

 

(a)
Long-lived assets consist of net property and equipment, net capitalized software and right-of-use assets.
(b)
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.
(c)
Corporate assets include assets that were not used in the operations of any segment, the most significant of which were purchased intangibles and cash.
(d)
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, 2022

 

Revenue

 

 

Cost of Services

 

 

Selling and
Administrative
Expenses

 

 

OUP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas:(a)

 

 

 

 

 

 

 

 

 

 

 

 

United States(b)

 

$

3,368.1

 

 

$

2,412.5

 

 

$

751.2

 

 

$

204.4

 

Other Americas

 

 

1,567.6

 

 

 

1,324.0

 

 

 

165.4

 

 

 

78.2

 

 

 

 

4,935.7

 

 

 

3,736.5

 

 

 

916.6

 

 

 

282.6

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

4,785.0

 

 

 

4,077.2

 

 

 

481.1

 

 

 

226.7

 

Italy

 

 

1,706.9

 

 

 

1,431.6

 

 

 

152.4

 

 

 

122.9

 

Other Southern Europe

 

 

2,044.4

 

 

 

1,756.8

 

 

 

224.2

 

 

 

63.4

 

 

 

 

8,536.3

 

 

 

7,265.6

 

 

 

857.7

 

 

 

413.0

 

Northern Europe

 

 

4,048.3

 

 

 

3,344.6

 

 

 

661.3

 

 

 

42.4

 

APME

 

 

2,387.3

 

 

 

1,988.6

 

 

 

310.9

 

 

 

87.8

 

Total Segments

 

 

19,907.6

 

 

 

16,335.3

 

 

 

2,746.5

 

 

 

825.8

 

Intercompany Eliminations

 

 

(80.1

)

 

 

(80.1

)

 

 

 

 

 

 

 

 

$

19,827.5

 

 

$

16,255.2

 

 

$

2,746.5

 

 

$

825.8

 

Reconciliation of operating unit profit (segment OUP)

 

 

 

 

 

 

 

 

 

 

 

 

Corporate expenses

 

 

 

 

 

 

 

 

 

 

$

(157.0

)

Goodwill impairment charges

 

 

 

 

 

 

 

 

 

 

 

(50.0

)

Intangible asset amortization expense(c)

 

 

 

 

 

 

 

 

 

 

 

(37.1

)

Operating profit

 

 

 

 

 

 

 

 

 

 

 

581.7

 

Interest and other expenses, net

 

 

 

 

 

 

 

 

 

 

 

(24.6

)

Earnings before income taxes

 

 

 

 

 

 

 

 

 

 

$

557.1

 

(a)
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.
(b)
The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $12.8 for 2022.
(c)
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, 2022

 

Total
Assets

 

 

Long-lived Assets(a)

 

 

Depreciation and
Amortization Expense

 

 

 

 

 

 

 

 

 

 

 

Americas:(b)

 

 

 

 

 

 

 

 

 

United States

 

$

3,232.7

 

 

$

79.2

 

 

$

7.8

 

Other Americas

 

 

407.9

 

 

 

14.6

 

 

 

2.2

 

 

 

 

3,640.6

 

 

 

93.8

 

 

 

10.0

 

Southern Europe:

 

 

 

 

 

 

 

 

 

France

 

 

2,281.9

 

 

 

160.7

 

 

 

10.5

 

Italy

 

 

455.3

 

 

 

32.7

 

 

 

2.4

 

Other Southern Europe

 

 

821.2

 

 

 

60.1

 

 

 

4.8

 

 

 

 

3,558.4

 

 

 

253.5

 

 

 

17.7

 

Northern Europe

 

 

742.9

 

 

 

116.5

 

 

 

10.7

 

APME

 

 

744.4

 

 

 

52.8

 

 

 

7.5

 

Corporate(c)

 

 

444.1

 

 

 

9.0

 

 

 

1.6

 

Intangible asset amortization expense(d)

 

 

 

 

 

 

 

 

37.1

 

 

 

$

9,130.4

 

 

$

525.6

 

 

$

84.6

 

(a)
Long-lived assets consist of net property and equipment, net capitalized software and right-of-use assets.
(b)
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.
(c)
Corporate assets include assets that were not used in the operations of any segment, the most significant of which were purchased intangibles and cash.
(d)
Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.
Disaggregation of Revenue

In the following table, revenue is disaggregated by service types and timing of revenue recognition and then reconciled by reportable segment.

 

 

 

Year Ended December 31,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

2023(a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Staffing
and
Interim

 

 

Outcome-
Based
Solutions
and
Consulting

 

 

Permanent
Recruitment

 

 

Other

 

 

Total

 

 

Staffing
and
Interim

 

 

Outcome-
Based
Solutions
and
Consulting

 

 

Permanent
Recruitment

 

 

Other

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

2,454.5

 

 

$

11.3

 

 

$

126.1

 

 

$

174.7

 

 

$

2,766.6

 

 

$

2,552.5

 

 

$

18.3

 

 

$

132.7

 

 

$

162.7

 

 

$

2,866.2

 

Other Americas

 

 

1,350.6

 

 

 

54.2

 

 

 

43.0

 

 

 

10.5

 

 

 

1,458.3

 

 

 

1,442.6

 

 

 

49.4

 

 

 

47.2

 

 

 

9.4

 

 

 

1,548.6

 

 

 

3,805.1

 

 

 

65.5

 

 

 

169.1

 

 

 

185.2

 

 

 

4,224.9

 

 

 

3,995.1

 

 

 

67.7

 

 

 

179.9

 

 

 

172.1

 

 

 

4,414.8

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

4,205.4

 

 

 

281.8

 

 

 

49.6

 

 

 

81.6

 

 

 

4,618.4

 

 

 

4,454.7

 

 

 

283.5

 

 

 

58.9

 

 

 

70.0

 

 

 

4,867.1

 

Italy

 

 

1,561.5

 

 

 

36.0

 

 

 

48.0

 

 

 

31.5

 

 

 

1,677.0

 

 

 

1,590.1

 

 

 

36.9

 

 

 

55.0

 

 

 

26.8

 

 

 

1,708.8

 

Other Southern Europe

 

 

1,544.5

 

 

 

296.4

 

 

 

50.6

 

 

 

31.4

 

 

 

1,922.9

 

 

 

1,547.2

 

 

 

305.1

 

 

 

58.9

 

 

 

28.2

 

 

 

1,939.4

 

 

 

7,311.4

 

 

 

614.2

 

 

 

148.2

 

 

 

144.5

 

 

 

8,218.3

 

 

 

7,592.0

 

 

 

625.5

 

 

 

172.8

 

 

 

125.0

 

 

 

8,515.3

 

Northern Europe

 

 

2,814.0

 

 

 

257.2

 

 

 

121.5

 

 

 

111.6

 

 

 

3,304.3

 

 

 

3,160.2

 

 

 

332.5

 

 

 

153.2

 

 

 

102.1

 

 

 

3,748.0

 

APME

 

 

1,746.1

 

 

 

321.9

 

 

 

52.8

 

 

 

40.5

 

 

 

2,161.3

 

 

 

1,781.8

 

 

 

386.3

 

 

 

109.4

 

 

 

44.8

 

 

 

2,322.3

 

 

 

15,676.6

 

 

 

1,258.8

 

 

 

491.6

 

 

 

481.8

 

 

 

17,908.8

 

 

 

16,529.1

 

 

 

1,412.0

 

 

 

615.3

 

 

 

444.0

 

 

 

19,000.4

 

Intercompany Eliminations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(54.9

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(85.9

)

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

$

17,853.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

18,914.5

 

 

(a)
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.

 

 

Year Ended December 31,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

2023(a)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Services
transferred
over time

 

 

Services
transferred
at a point
in time

 

 

Total

 

 

Services
transferred
over time

 

 

Services
transferred
at a point
in time

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

2,695.4

 

 

$

71.2

 

 

$

2,766.6

 

 

$

2,789.8

 

 

$

76.4

 

 

$

2,866.2

 

Other Americas

 

 

1,432.0

 

 

 

26.3

 

 

 

1,458.3

 

 

 

1,518.8

 

 

 

29.8

 

 

 

1,548.6

 

 

 

4,127.4

 

 

 

97.5

 

 

 

4,224.9

 

 

 

4,308.6

 

 

 

106.2

 

 

 

4,414.8

 

Southern Europe:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

France

 

 

4,573.3

 

 

 

45.1

 

 

 

4,618.4

 

 

 

4,814.5

 

 

 

52.6

 

 

 

4,867.1

 

Italy

 

 

1,632.6

 

 

 

44.4

 

 

 

1,677.0

 

 

 

1,657.8

 

 

 

51.0

 

 

 

1,708.8

 

Other Southern Europe

 

 

1,880.6

 

 

 

42.3

 

 

 

1,922.9

 

 

 

1,891.1

 

 

 

48.3

 

 

 

1,939.4

 

 

 

8,086.5

 

 

 

131.8

 

 

 

8,218.3

 

 

 

8,363.4

 

 

 

151.9

 

 

 

8,515.3

 

Northern Europe

 

 

3,208.9

 

 

 

95.4

 

 

 

3,304.3

 

 

 

3,627.5

 

 

 

120.5

 

 

 

3,748.0

 

APME

 

 

2,116.2

 

 

 

45.1

 

 

 

2,161.3

 

 

 

2,255.2

 

 

 

67.1

 

 

 

2,322.3

 

 

 

17,539.0

 

 

 

369.8

 

 

 

17,908.8

 

 

 

18,554.7

 

 

 

445.7

 

 

 

19,000.4

 

Intercompany Eliminations

 

 

 

 

 

 

 

 

(54.9

)

 

 

 

 

 

 

 

 

(85.9

)

Total

 

 

 

 

 

 

 

$

17,853.9

 

 

 

 

 

 

 

 

$

18,914.5

 

 

(a)
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.