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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 509.4 $ 581.3
Accounts receivable, less allowance for expected credit losses of $67.6 and $99.2, respectively 4,297.2 4,830.0
Prepaid expenses and other assets 163.7 160.8
Total current assets 4,970.3 5,572.1
Other Assets    
Goodwill [1],[2] 1,563.4 1,586.8
Intangible assets, less accumulated amortization of $530.4 and $507.2, respectively 486.1 519.6
Operating lease right-of-use assets 361.3 414.0
Other assets 701.5 607.8
Total other assets 3,112.3 3,128.2
Property and Equipment    
Land, buildings, leasehold improvements and equipment 488.2 526.5
Less: accumulated depreciation and amortization 369.8 396.6
Net property and equipment 118.4 129.9
Total assets 8,201.0 8,830.2
Current Liabilities    
Accounts payable 2,612.9 2,723.0
Employee compensation payable 241.1 243.1
Accrued liabilities 573.7 693.0
Accrued payroll taxes and insurance 615.2 695.8
Value added taxes payable 370.8 432.7
Short-term borrowings and current maturities of long-term debt 23.4 12.1
Total current liabilities 4,437.1 4,799.7
Other liabilities    
Long-term debt 929.4 990.5
Long-term operating lease liability 279.0 323.2
Other long-term liabilities 428.6 482.7
Total other liabilities 1,637.0 1,796.4
Commitments and contingencies (Note 15)
Shareholders’ Equity    
Preferred stock, $.01 par value, authorized 25,000,000 shares, none issued 0.0 0.0
Common stock, $.01 par value, authorized 125,000,000 shares, issued 118,853,620 and 118,387,641 shares, respectively 1.2 1.2
Capital in excess of par value 3,546.1 3,514.9
Retained earnings 3,812.3 3,813.0
Accumulated other comprehensive loss (443.0) (466.0)
Treasury stock at cost, 72,105,407 and 69,963,649 shares, respectively (4,791.4) (4,639.8)
Total ManpowerGroup shareholders' equity 2,125.2 2,223.3
Noncontrolling interests 1.7 10.8
Total shareholders’ equity 2,126.9 2,234.1
Total liabilities and shareholders’ equity $ 8,201.0 $ 8,830.2
[1] 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.
[2] Balances were net of accumulated impairment loss of $749.3 as of both December 31, 2024 and 2023.