v3.26.1
Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Intangible Assets

We have goodwill, finite-lived intangible assets and indefinite-lived intangible assets as follows:

 

 

 

June 30, 2026

 

 

December 31, 2025

 

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net

 

Goodwill(a)

 

$

1,483.4

 

 

$

—

 

 

$

1,483.4

 

 

$

1,544.6

 

 

$

—

 

 

$

1,544.6

 

Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

828.7

 

 

$

565.7

 

 

$

263.0

 

 

$

833.2

 

 

$

556.1

 

 

$

277.1

 

Other

 

 

25.1

 

 

 

23.1

 

 

 

2.0

 

 

 

25.3

 

 

 

23.0

 

 

 

2.3

 

 

 

853.8

 

 

 

588.8

 

 

 

265.0

 

 

 

858.5

 

 

 

579.1

 

 

 

279.4

 

Indefinite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames(b)

 

 

52.0

 

 

 

—

 

 

 

52.0

 

 

 

52.0

 

 

 

—

 

 

 

52.0

 

Reacquired franchise rights(c)

 

 

98.7

 

 

 

—

 

 

 

98.7

 

 

 

98.7

 

 

 

—

 

 

 

98.7

 

 

 

150.7

 

 

 

—

 

 

 

150.7

 

 

 

150.7

 

 

 

—

 

 

 

150.7

 

Total intangible assets

 

$

1,004.5

 

 

$

588.8

 

 

$

415.7

 

 

$

1,009.2

 

 

$

579.1

 

 

$

430.1

 
(a)
Balances were net of accumulated impairment loss of $807.4 as of both June 30, 2026 and December 31, 2025.
(b)
Balances were net of accumulated impairment loss of $139.5 as of both June 30, 2026 and December 31, 2025.
(c)
Balances were net of accumulated impairment loss of $30.6 as of both June 30, 2026 and December 31, 2025.
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

 

 

Total

 

Balance, December 31, 2025

 

$

1,050.4

 

 

$

139.9

 

 

$

164.7

 

 

$

64.1

 

 

$

125.5

 

 

$

1,544.6

 

Disposition(c)

 

 

(53.1

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(53.1

)

Transfers

 

 

117.6

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(117.6

)

 

 

—

 

Currency impact

 

 

(1.5

)

 

 

(2.6

)

 

 

(2.7

)

 

 

(1.3

)

 

 

—

 

 

 

(8.1

)

Balance, June 30, 2026

 

$

1,113.4

 

 

$

137.3

 

 

$

162.0

 

 

$

62.8

 

 

$

7.9

 

 

$

1,483.4

 
(a)
Balances related to the United States were $1,007.2 and $1,071.7 as of December 31, 2025 and June 30, 2026, respectively. The increase in 2026 was due to the transfer of goodwill associated with the acquisitions of Right Management and Jefferson Wells U.S. from Corporate to the United States. The goodwill was reassigned to better align with the reporting unit that manage and benefit from the underlying operations.
(b)
Balances related to France were $80.5 and $78.3 as of December 31, 2025 and June 30, 2026, respectively. Balances related to Italy were $4.0 and $3.9 as of December 31, 2025 and June 30, 2026, respectively.
(c)
See Note 5 to the Consolidated Financial Statements for further information on the disposition of our Jefferson Wells U.S. business.