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v3.25.2

Segment Data (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Data |
Three Months Ended June 30, 2025 |  | Revenue |  |  | Cost of Services |  |  | Selling and Administrative Expenses |  |  | OUP |
Americas: |  |  |  |  |  |  |  |  |  |  |  |
United States(a) |  | $ | 674.1 |  |  | $ | 498.2 |  |  | $ | 156.2 |  |  | $ | 19.7 |
Other Americas |  |  | 385.9 |  |  |  | 326.9 |  |  |  | 42.6 |  |  |  | 16.4 |
|  |  | 1,060.0 |  |  |  | 825.1 |  |  |  | 198.8 |  |  |  | 36.1 |
Southern Europe: |  |  |  |  |  |  |  |  |  |  |  |
France |  |  | 1,149.3 |  |  |  | 983.0 |  |  |  | 134.0 |  |  |  | 32.3 |
Italy |  |  | 475.9 |  |  |  | 400.4 |  |  |  | 43.7 |  |  |  | 31.8 |
Other Southern Europe |  |  | 524.1 |  |  |  | 455.6 |  |  |  | 59.3 |  |  |  | 9.2 |
|  |  | 2,149.3 |  |  |  | 1,839.0 |  |  |  | 237.0 |  |  |  | 73.3 |
Northern Europe |  |  | 794.4 |  |  |  | 663.7 |  |  |  | 139.7 |  |  |  | (9.0 | )
APME |  |  | 525.3 |  |  |  | 435.3 |  |  |  | 63.6 |  |  |  | 26.4 |
Total Segments |  |  | 4,529.0 |  |  |  | 3,763.1 |  |  |  | 639.1 |  |  |  | 126.8 |
Intercompany Eliminations |  |  | (9.7 | ) |  |  | (7.5 | ) |  |  | (2.2 | ) |  |  | — |
|  | $ | 4,519.3 |  |  | $ | 3,755.6 |  |  | $ | 636.9 |  |  | $ | 126.8 |
Reconciliation of operating unit profit (segment OUP) |  |  |  |  |  |  |  |  |  |  |  |
Corporate expenses |  |  |  |  |  |  |  |  |  |  | $ | (55.1 | )
Impairment charges (b) |  |  |  |  |  |  |  |  |  |  |  | (88.7 | )
Intangible asset amortization expense (c) |  |  |  |  |  |  |  |  |  |  |  | (8.3 | )
Operating loss |  |  |  |  |  |  |  |  |  |  |  | (25.3 | )
Interest and other expenses, net |  |  |  |  |  |  |  |  |  |  |  | (16.5 | )
Loss before income taxes |  |  |  |  |  |  |  |  |  |  | $ | (41.8 | )
(a) The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $2.6 for the three months ended June 30, 2025. (b) Impairment charges for the three months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business. (c) Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses and shown separately.
Three Months Ended June 30, 2024 |  | Revenue |  |  | Cost of Services |  |  | Selling and Administrative Expenses |  |  | OUP |
Americas: |  |  |  |  |  |  |  |  |  |  |  |
United States(a) |  | $ | 697.0 |  |  | $ | 514.3 |  |  | $ | 155.3 |  |  | $ | 27.4 |
Other Americas |  |  | 367.4 |  |  |  | 304.7 |  |  |  | 45.0 |  |  |  | 17.7 |
|  |  | 1,064.4 |  |  |  | 819.0 |  |  |  | 200.3 |  |  |  | 45.1 |
Southern Europe:(b) |  |  |  |  |  |  |  |  |  |  |  |
France |  |  | 1,164.1 |  |  |  | 996.9 |  |  |  | 127.4 |  |  |  | 39.8 |
Italy |  |  | 434.9 |  |  |  | 360.1 |  |  |  | 40.8 |  |  |  | 34.0 |
Other Southern Europe |  |  | 499.0 |  |  |  | 433.9 |  |  |  | 55.7 |  |  |  | 9.4 |
|  |  | 2,098.0 |  |  |  | 1,790.9 |  |  |  | 223.9 |  |  |  | 83.2 |
Northern Europe |  |  | 837.3 |  |  |  | 690.6 |  |  |  | 149.1 |  |  |  | (2.4 | )
APME |  |  | 541.4 |  |  |  | 454.7 |  |  |  | 61.7 |  |  |  | 25.0 |
Total Segments |  |  | 4,541.1 |  |  |  | 3,755.2 |  |  |  | 635.0 |  |  |  | 150.9 |
Intercompany Eliminations |  |  | (20.4 | ) |  |  | (20.4 | ) |  |  | — |  |  |  | — |
|  | $ | 4,520.7 |  |  | $ | 3,734.8 |  |  | $ | 635.0 |  |  | $ | 150.9 |
Reconciliation of operating unit profit (segment OUP) |  |  |  |  |  |  |  |  |  |  |  |
Corporate expenses |  |  |  |  |  |  |  |  |  |  | $ | (41.7 | )
Intangible asset amortization expense(c) |  |  |  |  |  |  |  |  |  |  |  | (8.1 | )
Operating profit |  |  |  |  |  |  |  |  |  |  |  | 101.1 |
Interest and other expenses, net |  |  |  |  |  |  |  |  |  |  |  | (8.7 | )
Earnings before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 92.4 |
(a) The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $3.2 for the three months ended June 30, 2024. (b) Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco. All previously reported results have been recast to conform to the current year presentation. (c) Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses and shown separately.
Six Months Ended June 30, 2025 |  | Revenue |  |  | Cost of Services |  |  | Selling and Administrative Expenses |  |  | OUP |
Americas: |  |  |  |  |  |  |  |  |  |  |  |
United States(a) |  | $ | 1,362.9 |  |  | $ | 1,015.2 |  |  | $ | 316.7 |  |  | $ | 31.0 |
Other Americas |  |  | 753.8 |  |  |  | 640.1 |  |  |  | 83.1 |  |  |  | 30.6 |
|  |  | 2,116.7 |  |  |  | 1,655.3 |  |  |  | 399.8 |  |  |  | 61.6 |
Southern Europe: |  |  |  |  |  |  |  |  |  |  |  |
France |  |  | 2,115.0 |  |  |  | 1,807.9 |  |  |  | 253.8 |  |  |  | 53.3 |
Italy |  |  | 873.7 |  |  |  | 734.1 |  |  |  | 83.2 |  |  |  | 56.4 |
Other Southern Europe |  |  | 994.6 |  |  |  | 862.9 |  |  |  | 117.9 |  |  |  | 13.8 |
|  |  | 3,983.3 |  |  |  | 3,404.9 |  |  |  | 454.9 |  |  |  | 123.5 |
Northern Europe |  |  | 1,525.2 |  |  |  | 1,268.1 |  |  |  | 284.4 |  |  |  | (27.3 | )
APME |  |  | 1,001.7 |  |  |  | 833.3 |  |  |  | 122.0 |  |  |  | 46.4 |
Total Segments |  |  | 8,626.9 |  |  |  | 7,161.6 |  |  |  | 1,261.1 |  |  |  | 204.2 |
Intercompany Eliminations |  |  | (17.3 | ) |  |  | (14.0 | ) |  |  | (3.3 | ) |  |  | — |
|  | $ | 8,609.6 |  |  | $ | 7,147.6 |  |  | $ | 1,257.8 |  |  | $ | 204.2 |
Reconciliation of operating unit profit (segment OUP) |  |  |  |  |  |  |  |  |  |  |  |
Corporate expenses |  |  |  |  |  |  |  |  |  |  | $ | (96.2 | )
Impairment charges (b) |  |  |  |  |  |  |  |  |  |  |  | (88.7 | )
Intangible asset amortization expense (c) |  |  |  |  |  |  |  |  |  |  |  | (16.4 | )
Operating profit |  |  |  |  |  |  |  |  |  |  |  | 2.9 |
Interest and other expenses, net |  |  |  |  |  |  |  |  |  |  |  | (28.0 | )
Loss before income taxes |  |  |  |  |  |  |  |  |  |  | $ | (25.1 | )
(a) The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which we re $4.8 for the six months ended June 30, 2025. (b) Impairment charges for the six months ended June 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business. (c) Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses and shown separately.
Six Months Ended June 30, 2024 |  | Revenue |  |  | Cost of Services |  |  | Selling and Administrative Expenses |  |  | OUP |
Americas: |  |  |  |  |  |  |  |  |  |  |  |
United States(a) |  | $ | 1,377.4 |  |  | $ | 1,015.8 |  |  | $ | 322.2 |  |  | $ | 39.4 |
Other Americas |  |  | 723.4 |  |  |  | 601.4 |  |  |  | 90.2 |  |  |  | 31.8 |
|  |  | 2,100.8 |  |  |  | 1,617.2 |  |  |  | 412.4 |  |  |  | 71.2 |
Southern Europe:(b) |  |  |  |  |  |  |  |  |  |  |  |
France |  |  | 2,263.4 |  |  |  | 1,935.1 |  |  |  | 255.8 |  |  |  | 72.5 |
Italy |  |  | 839.2 |  |  |  | 696.5 |  |  |  | 81.3 |  |  |  | 61.4 |
Other Southern Europe |  |  | 976.7 |  |  |  | 846.7 |  |  |  | 110.8 |  |  |  | 19.2 |
|  |  | 4,079.3 |  |  |  | 3,478.3 |  |  |  | 447.9 |  |  |  | 153.1 |
Northern Europe |  |  | 1,707.6 |  |  |  | 1,410.9 |  |  |  | 299.1 |  |  |  | (2.4 | )
APME |  |  | 1,076.5 |  |  |  | 908.2 |  |  |  | 123.4 |  |  |  | 44.9 |
Total Segments |  |  | 8,964.2 |  |  |  | 7,414.6 |  |  |  | 1,282.8 |  |  |  | 266.8 |
Intercompany Eliminations |  |  | (40.2 | ) |  |  | (40.2 | ) |  |  | — |  |  |  | — |
|  | $ | 8,924.0 |  |  | $ | 7,374.4 |  |  | $ | 1,282.8 |  |  | $ | 266.8 |
Reconciliation of operating unit profit (segment OUP) |  |  |  |  |  |  |  |  |  |  |  |
Corporate expenses |  |  |  |  |  |  |  |  |  |  | $ | (83.4 | )
Intangible asset amortization expense(c) |  |  |  |  |  |  |  |  |  |  |  | (16.4 | )
Operating profit |  |  |  |  |  |  |  |  |  |  |  | 167.0 |
Interest and other expenses, net |  |  |  |  |  |  |  |  |  |  |  | (17.1 | )
Earnings before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 149.9 |
(a) The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which wer e $5.6 for the six months ended June 30, 2024. (b) Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco. All previously reported results have been recast to conform to the current year presentation. (c) Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses and shown separately.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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