man-10q_20200930.htm
0000871763 --12-31 2020 Q3 false true true true true true true true true 0000871763 2020-01-01 2020-09-30 xbrli:shares 0000871763 2020-11-04 iso4217:USD 0000871763 2020-09-30 0000871763 2019-12-31 iso4217:USD xbrli:shares 0000871763 2020-07-01 2020-09-30 0000871763 2019-07-01 2019-09-30 0000871763 2019-01-01 2019-09-30 0000871763 2018-12-31 0000871763 2019-09-30 0000871763 us-gaap:CommonStockMember 2019-12-31 0000871763 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0000871763 us-gaap:RetainedEarningsMember 2019-12-31 0000871763 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0000871763 us-gaap:TreasuryStockMember 2019-12-31 0000871763 us-gaap:NoncontrollingInterestMember 2019-12-31 0000871763 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0000871763 2020-01-01 2020-03-31 0000871763 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-03-31 0000871763 us-gaap:CommonStockMember 2020-01-01 2020-03-31 0000871763 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0000871763 us-gaap:TreasuryStockMember 2020-01-01 2020-03-31 0000871763 us-gaap:NoncontrollingInterestMember 2020-01-01 2020-03-31 0000871763 us-gaap:CommonStockMember 2020-03-31 0000871763 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0000871763 us-gaap:RetainedEarningsMember 2020-03-31 0000871763 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-03-31 0000871763 us-gaap:TreasuryStockMember 2020-03-31 0000871763 us-gaap:NoncontrollingInterestMember 2020-03-31 0000871763 2020-03-31 0000871763 us-gaap:RetainedEarningsMember 2020-04-01 2020-06-30 0000871763 2020-04-01 2020-06-30 0000871763 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-04-01 2020-06-30 0000871763 us-gaap:CommonStockMember 2020-04-01 2020-06-30 0000871763 us-gaap:TreasuryStockMember 2020-04-01 2020-06-30 0000871763 us-gaap:AdditionalPaidInCapitalMember 2020-04-01 2020-06-30 0000871763 us-gaap:NoncontrollingInterestMember 2020-04-01 2020-06-30 0000871763 us-gaap:CommonStockMember 2020-06-30 0000871763 us-gaap:AdditionalPaidInCapitalMember 2020-06-30 0000871763 us-gaap:RetainedEarningsMember 2020-06-30 0000871763 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-06-30 0000871763 us-gaap:TreasuryStockMember 2020-06-30 0000871763 us-gaap:NoncontrollingInterestMember 2020-06-30 0000871763 2020-06-30 0000871763 us-gaap:RetainedEarningsMember 2020-07-01 2020-09-30 0000871763 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-07-01 2020-09-30 0000871763 us-gaap:CommonStockMember 2020-07-01 2020-09-30 0000871763 us-gaap:AdditionalPaidInCapitalMember 2020-07-01 2020-09-30 0000871763 us-gaap:TreasuryStockMember 2020-07-01 2020-09-30 0000871763 us-gaap:NoncontrollingInterestMember 2020-07-01 2020-09-30 0000871763 us-gaap:CommonStockMember 2020-09-30 0000871763 us-gaap:AdditionalPaidInCapitalMember 2020-09-30 0000871763 us-gaap:RetainedEarningsMember 2020-09-30 0000871763 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-09-30 0000871763 us-gaap:TreasuryStockMember 2020-09-30 0000871763 us-gaap:NoncontrollingInterestMember 2020-09-30 0000871763 us-gaap:CommonStockMember 2018-12-31 0000871763 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000871763 us-gaap:RetainedEarningsMember 2018-12-31 0000871763 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000871763 us-gaap:TreasuryStockMember 2018-12-31 0000871763 us-gaap:NoncontrollingInterestMember 2018-12-31 0000871763 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000871763 2019-01-01 2019-03-31 0000871763 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0000871763 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0000871763 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0000871763 us-gaap:TreasuryStockMember 2019-01-01 2019-03-31 0000871763 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-03-31 0000871763 us-gaap:CommonStockMember 2019-03-31 0000871763 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0000871763 us-gaap:RetainedEarningsMember 2019-03-31 0000871763 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000871763 us-gaap:TreasuryStockMember 2019-03-31 0000871763 us-gaap:NoncontrollingInterestMember 2019-03-31 0000871763 2019-03-31 0000871763 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0000871763 2019-04-01 2019-06-30 0000871763 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0000871763 us-gaap:CommonStockMember 2019-04-01 2019-06-30 0000871763 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0000871763 us-gaap:TreasuryStockMember 2019-04-01 2019-06-30 0000871763 us-gaap:NoncontrollingInterestMember 2019-04-01 2019-06-30 0000871763 us-gaap:CommonStockMember 2019-06-30 0000871763 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0000871763 us-gaap:RetainedEarningsMember 2019-06-30 0000871763 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0000871763 us-gaap:TreasuryStockMember 2019-06-30 0000871763 us-gaap:NoncontrollingInterestMember 2019-06-30 0000871763 2019-06-30 0000871763 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0000871763 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0000871763 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0000871763 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0000871763 us-gaap:TreasuryStockMember 2019-07-01 2019-09-30 0000871763 us-gaap:NoncontrollingInterestMember 2019-07-01 2019-09-30 0000871763 us-gaap:CommonStockMember 2019-09-30 0000871763 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0000871763 us-gaap:RetainedEarningsMember 2019-09-30 0000871763 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0000871763 us-gaap:TreasuryStockMember 2019-09-30 0000871763 us-gaap:NoncontrollingInterestMember 2019-09-30 0000871763 2019-04-01 2019-04-30 iso4217:EUR 0000871763 country:DE man:NorthernEuropeMember 2020-01-01 2020-06-30 0000871763 man:GermanySubsegmentMember 2019-04-01 2019-06-30 xbrli:pure 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember 2020-09-30 0000871763 man:RightManagementMember 2020-09-30 0000871763 man:NorthernEuropeMember man:UnitedKingdomSubsegmentMember 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember country:CA 2020-09-30 0000871763 man:NorthernEuropeMember man:NetherlandsSubsegmentMember 2020-09-30 0000871763 srt:MinimumMember 2020-07-01 2020-09-30 0000871763 man:NetherlandsSubsegmentMember srt:MaximumMember 2020-07-01 2020-09-30 0000871763 srt:MinimumMember man:OtherReportingUnitsMember 2020-07-01 2020-09-30 0000871763 man:UnitedKingdomSubsegmentMember 2020-07-01 2020-09-30 0000871763 man:NetherlandsSubsegmentMember 2020-07-01 2020-09-30 0000871763 man:UnitedKingdomSubsegmentMember us-gaap:MeasurementInputDiscountRateMember 2020-09-30 0000871763 man:NetherlandsSubsegmentMember us-gaap:MeasurementInputDiscountRateMember 2020-09-30 0000871763 man:UnitedKingdomSubsegmentMember us-gaap:MeasurementInputLongTermRevenueGrowthRateMember 2020-09-30 0000871763 man:NetherlandsSubsegmentMember us-gaap:MeasurementInputLongTermRevenueGrowthRateMember 2020-09-30 0000871763 man:UnitedKingdomSubsegmentMember man:MeasurementInputOperatingUnitProfitMember 2020-09-30 0000871763 man:NetherlandsSubsegmentMember man:MeasurementInputOperatingUnitProfitMember 2020-09-30 0000871763 man:NetherlandsSubsegmentMember 2020-09-30 0000871763 us-gaap:AccountingStandardsUpdate201613Member 2020-09-30 0000871763 us-gaap:AccountingStandardsUpdate201813Member 2020-09-30 0000871763 us-gaap:AccountingStandardsUpdate201815Member 2020-09-30 0000871763 us-gaap:AccountingStandardsUpdate201814Member 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:StaffingandInterimMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:OutcomeBasedSolutionsandConsultingMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:PermanentRecruitmentMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:ProductsandServicesOtherMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:StaffingandInterimMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:OutcomeBasedSolutionsandConsultingMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:PermanentRecruitmentMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:ProductsandServicesOtherMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:StaffingandInterimMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:OutcomeBasedSolutionsandConsultingMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:PermanentRecruitmentMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:ProductsandServicesOtherMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:StaffingandInterimMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:OutcomeBasedSolutionsandConsultingMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:PermanentRecruitmentMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:ProductsandServicesOtherMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:StaffingandInterimMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OutcomeBasedSolutionsandConsultingMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:PermanentRecruitmentMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:ProductsandServicesOtherMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:StaffingandInterimMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OutcomeBasedSolutionsandConsultingMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:PermanentRecruitmentMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:ProductsandServicesOtherMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:StaffingandInterimMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:OutcomeBasedSolutionsandConsultingMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:PermanentRecruitmentMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:ProductsandServicesOtherMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:StaffingandInterimMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:OutcomeBasedSolutionsandConsultingMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:PermanentRecruitmentMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:ProductsandServicesOtherMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:StaffingandInterimMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:OutcomeBasedSolutionsandConsultingMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:PermanentRecruitmentMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:ProductsandServicesOtherMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:StaffingandInterimMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:OutcomeBasedSolutionsandConsultingMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:PermanentRecruitmentMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:ProductsandServicesOtherMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:StaffingandInterimMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:OutcomeBasedSolutionsandConsultingMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:PermanentRecruitmentMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:ProductsandServicesOtherMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:StaffingandInterimMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:OutcomeBasedSolutionsandConsultingMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:PermanentRecruitmentMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:ProductsandServicesOtherMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:StaffingandInterimMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OutcomeBasedSolutionsandConsultingMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:PermanentRecruitmentMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ProductsandServicesOtherMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:StaffingandInterimMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OutcomeBasedSolutionsandConsultingMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:PermanentRecruitmentMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ProductsandServicesOtherMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember 2019-07-01 2019-09-30 0000871763 man:NorthernEuropeMember man:StaffingandInterimMember 2020-07-01 2020-09-30 0000871763 man:NorthernEuropeMember man:OutcomeBasedSolutionsandConsultingMember 2020-07-01 2020-09-30 0000871763 man:NorthernEuropeMember man:PermanentRecruitmentMember 2020-07-01 2020-09-30 0000871763 man:NorthernEuropeMember man:ProductsandServicesOtherMember 2020-07-01 2020-09-30 0000871763 man:NorthernEuropeMember 2020-07-01 2020-09-30 0000871763 man:NorthernEuropeMember man:StaffingandInterimMember 2019-07-01 2019-09-30 0000871763 man:NorthernEuropeMember man:OutcomeBasedSolutionsandConsultingMember 2019-07-01 2019-09-30 0000871763 man:NorthernEuropeMember man:PermanentRecruitmentMember 2019-07-01 2019-09-30 0000871763 man:NorthernEuropeMember man:ProductsandServicesOtherMember 2019-07-01 2019-09-30 0000871763 man:NorthernEuropeMember 2019-07-01 2019-09-30 0000871763 man:ApmeMember man:StaffingandInterimMember 2020-07-01 2020-09-30 0000871763 man:ApmeMember man:OutcomeBasedSolutionsandConsultingMember 2020-07-01 2020-09-30 0000871763 man:ApmeMember man:PermanentRecruitmentMember 2020-07-01 2020-09-30 0000871763 man:ApmeMember man:ProductsandServicesOtherMember 2020-07-01 2020-09-30 0000871763 man:ApmeMember 2020-07-01 2020-09-30 0000871763 man:ApmeMember man:StaffingandInterimMember 2019-07-01 2019-09-30 0000871763 man:ApmeMember man:OutcomeBasedSolutionsandConsultingMember 2019-07-01 2019-09-30 0000871763 man:ApmeMember man:PermanentRecruitmentMember 2019-07-01 2019-09-30 0000871763 man:ApmeMember man:ProductsandServicesOtherMember 2019-07-01 2019-09-30 0000871763 man:ApmeMember 2019-07-01 2019-09-30 0000871763 man:StaffingandInterimMember 2020-07-01 2020-09-30 0000871763 man:OutcomeBasedSolutionsandConsultingMember 2020-07-01 2020-09-30 0000871763 man:PermanentRecruitmentMember 2020-07-01 2020-09-30 0000871763 man:ProductsandServicesOtherMember 2020-07-01 2020-09-30 0000871763 man:StaffingandInterimMember 2019-07-01 2019-09-30 0000871763 man:OutcomeBasedSolutionsandConsultingMember 2019-07-01 2019-09-30 0000871763 man:PermanentRecruitmentMember 2019-07-01 2019-09-30 0000871763 man:ProductsandServicesOtherMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:StaffingandInterimMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:OutcomeBasedSolutionsandConsultingMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:PermanentRecruitmentMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:ProductsandServicesOtherMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:StaffingandInterimMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:OutcomeBasedSolutionsandConsultingMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:PermanentRecruitmentMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:ProductsandServicesOtherMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:StaffingandInterimMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:OutcomeBasedSolutionsandConsultingMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:PermanentRecruitmentMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:ProductsandServicesOtherMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:StaffingandInterimMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:OutcomeBasedSolutionsandConsultingMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:PermanentRecruitmentMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember man:ProductsandServicesOtherMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:StaffingandInterimMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OutcomeBasedSolutionsandConsultingMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:PermanentRecruitmentMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:ProductsandServicesOtherMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:StaffingandInterimMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OutcomeBasedSolutionsandConsultingMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:PermanentRecruitmentMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:ProductsandServicesOtherMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:StaffingandInterimMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:OutcomeBasedSolutionsandConsultingMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:PermanentRecruitmentMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:ProductsandServicesOtherMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:StaffingandInterimMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:OutcomeBasedSolutionsandConsultingMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:PermanentRecruitmentMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember man:ProductsandServicesOtherMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:StaffingandInterimMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:OutcomeBasedSolutionsandConsultingMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:PermanentRecruitmentMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:ProductsandServicesOtherMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:StaffingandInterimMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:OutcomeBasedSolutionsandConsultingMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:PermanentRecruitmentMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember man:ProductsandServicesOtherMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:StaffingandInterimMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:OutcomeBasedSolutionsandConsultingMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:PermanentRecruitmentMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:ProductsandServicesOtherMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:StaffingandInterimMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:OutcomeBasedSolutionsandConsultingMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:PermanentRecruitmentMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember man:ProductsandServicesOtherMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:StaffingandInterimMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OutcomeBasedSolutionsandConsultingMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:PermanentRecruitmentMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ProductsandServicesOtherMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:StaffingandInterimMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OutcomeBasedSolutionsandConsultingMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:PermanentRecruitmentMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ProductsandServicesOtherMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember 2019-01-01 2019-09-30 0000871763 man:NorthernEuropeMember man:StaffingandInterimMember 2020-01-01 2020-09-30 0000871763 man:NorthernEuropeMember man:OutcomeBasedSolutionsandConsultingMember 2020-01-01 2020-09-30 0000871763 man:NorthernEuropeMember man:PermanentRecruitmentMember 2020-01-01 2020-09-30 0000871763 man:NorthernEuropeMember man:ProductsandServicesOtherMember 2020-01-01 2020-09-30 0000871763 man:NorthernEuropeMember 2020-01-01 2020-09-30 0000871763 man:NorthernEuropeMember man:StaffingandInterimMember 2019-01-01 2019-09-30 0000871763 man:NorthernEuropeMember man:OutcomeBasedSolutionsandConsultingMember 2019-01-01 2019-09-30 0000871763 man:NorthernEuropeMember man:PermanentRecruitmentMember 2019-01-01 2019-09-30 0000871763 man:NorthernEuropeMember man:ProductsandServicesOtherMember 2019-01-01 2019-09-30 0000871763 man:NorthernEuropeMember 2019-01-01 2019-09-30 0000871763 man:ApmeMember man:StaffingandInterimMember 2020-01-01 2020-09-30 0000871763 man:ApmeMember man:OutcomeBasedSolutionsandConsultingMember 2020-01-01 2020-09-30 0000871763 man:ApmeMember man:PermanentRecruitmentMember 2020-01-01 2020-09-30 0000871763 man:ApmeMember man:ProductsandServicesOtherMember 2020-01-01 2020-09-30 0000871763 man:ApmeMember 2020-01-01 2020-09-30 0000871763 man:ApmeMember man:StaffingandInterimMember 2019-01-01 2019-09-30 0000871763 man:ApmeMember man:OutcomeBasedSolutionsandConsultingMember 2019-01-01 2019-09-30 0000871763 man:ApmeMember man:PermanentRecruitmentMember 2019-01-01 2019-09-30 0000871763 man:ApmeMember man:ProductsandServicesOtherMember 2019-01-01 2019-09-30 0000871763 man:ApmeMember 2019-01-01 2019-09-30 0000871763 man:StaffingandInterimMember 2020-01-01 2020-09-30 0000871763 man:OutcomeBasedSolutionsandConsultingMember 2020-01-01 2020-09-30 0000871763 man:PermanentRecruitmentMember 2020-01-01 2020-09-30 0000871763 man:ProductsandServicesOtherMember 2020-01-01 2020-09-30 0000871763 man:StaffingandInterimMember 2019-01-01 2019-09-30 0000871763 man:OutcomeBasedSolutionsandConsultingMember 2019-01-01 2019-09-30 0000871763 man:PermanentRecruitmentMember 2019-01-01 2019-09-30 0000871763 man:ProductsandServicesOtherMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:TransferredOverTimeMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:TransferredAtPointInTimeMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember us-gaap:TransferredOverTimeMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember us-gaap:TransferredAtPointInTimeMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember us-gaap:TransferredOverTimeMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember us-gaap:TransferredAtPointInTimeMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember us-gaap:TransferredOverTimeMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember us-gaap:TransferredAtPointInTimeMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember us-gaap:TransferredOverTimeMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember us-gaap:TransferredAtPointInTimeMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember us-gaap:TransferredOverTimeMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember us-gaap:TransferredAtPointInTimeMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember us-gaap:TransferredOverTimeMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember us-gaap:TransferredAtPointInTimeMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0000871763 man:NorthernEuropeMember us-gaap:TransferredOverTimeMember 2020-07-01 2020-09-30 0000871763 man:NorthernEuropeMember us-gaap:TransferredAtPointInTimeMember 2020-07-01 2020-09-30 0000871763 man:NorthernEuropeMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0000871763 man:NorthernEuropeMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0000871763 man:ApmeMember us-gaap:TransferredOverTimeMember 2020-07-01 2020-09-30 0000871763 man:ApmeMember us-gaap:TransferredAtPointInTimeMember 2020-07-01 2020-09-30 0000871763 man:ApmeMember us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0000871763 man:ApmeMember us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0000871763 us-gaap:TransferredOverTimeMember 2020-07-01 2020-09-30 0000871763 us-gaap:TransferredAtPointInTimeMember 2020-07-01 2020-09-30 0000871763 us-gaap:TransferredOverTimeMember 2019-07-01 2019-09-30 0000871763 us-gaap:TransferredAtPointInTimeMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:TransferredOverTimeMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:TransferredAtPointInTimeMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember us-gaap:TransferredOverTimeMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember us-gaap:TransferredAtPointInTimeMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember us-gaap:TransferredOverTimeMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember us-gaap:TransferredAtPointInTimeMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember us-gaap:TransferredOverTimeMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember us-gaap:TransferredAtPointInTimeMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember us-gaap:TransferredOverTimeMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember us-gaap:TransferredAtPointInTimeMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember us-gaap:TransferredOverTimeMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember us-gaap:TransferredAtPointInTimeMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember us-gaap:TransferredOverTimeMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember us-gaap:TransferredAtPointInTimeMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0000871763 man:NorthernEuropeMember us-gaap:TransferredOverTimeMember 2020-01-01 2020-09-30 0000871763 man:NorthernEuropeMember us-gaap:TransferredAtPointInTimeMember 2020-01-01 2020-09-30 0000871763 man:NorthernEuropeMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0000871763 man:NorthernEuropeMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0000871763 man:ApmeMember us-gaap:TransferredOverTimeMember 2020-01-01 2020-09-30 0000871763 man:ApmeMember us-gaap:TransferredAtPointInTimeMember 2020-01-01 2020-09-30 0000871763 man:ApmeMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0000871763 man:ApmeMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 0000871763 us-gaap:TransferredOverTimeMember 2020-01-01 2020-09-30 0000871763 us-gaap:TransferredAtPointInTimeMember 2020-01-01 2020-09-30 0000871763 us-gaap:TransferredOverTimeMember 2019-01-01 2019-09-30 0000871763 us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-09-30 man:Business 0000871763 2020-09-29 2020-09-30 0000871763 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2020-01-01 2020-09-30 0000871763 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2020-07-01 2020-09-30 0000871763 man:ManpowerSwitzerlandMember 2019-04-03 0000871763 man:ExperisAGMember 2019-04-03 0000871763 man:ManpowerSwitzerlandMember 2019-01-01 2019-09-30 0000871763 man:ManpowerSwitzerlandMember 2019-04-02 2019-04-03 0000871763 man:ManpowerSwitzerlandMember 2019-07-01 2019-09-30 0000871763 man:InterestAndOtherIncomeExpensesNetMember man:ManpowerSwitzerlandMember 2019-04-02 2019-04-03 0000871763 man:ExcludingManpowerSwitzerlandAndExperisAGMember 2019-01-01 2019-09-30 0000871763 man:ManpowerGroupGreaterChinaLimitedMember man:ApmeMember 2019-07-09 2019-07-09 0000871763 man:ManpowerGroupGreaterChinaLimitedMember us-gaap:IPOMember 2019-07-10 2019-07-10 0000871763 man:ManpowerGroupGreaterChinaLimitedMember us-gaap:IPOMember 2019-08-07 2019-08-07 0000871763 man:ManpowerGroupGreaterChinaLimitedMember 2020-01-01 2020-09-30 0000871763 man:ManpowerGroupGreaterChinaLimitedMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-07-01 2019-09-30 0000871763 man:ManpowerGroupGreaterChinaLimitedMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember us-gaap:OperatingSegmentsMember 2019-12-31 0000871763 man:SouthernEuropeMember us-gaap:OperatingSegmentsMember 2019-12-31 0000871763 man:NorthernEuropeMember us-gaap:OperatingSegmentsMember 2019-12-31 0000871763 man:ApmeMember us-gaap:OperatingSegmentsMember 2019-12-31 0000871763 us-gaap:CorporateNonSegmentMember 2019-12-31 0000871763 man:AmericasSegmentMember us-gaap:OperatingSegmentsMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember us-gaap:OperatingSegmentsMember 2020-01-01 2020-09-30 0000871763 man:NorthernEuropeMember us-gaap:OperatingSegmentsMember 2020-01-01 2020-09-30 0000871763 man:ApmeMember us-gaap:OperatingSegmentsMember 2020-01-01 2020-09-30 0000871763 us-gaap:CorporateNonSegmentMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember us-gaap:OperatingSegmentsMember 2020-09-30 0000871763 man:SouthernEuropeMember us-gaap:OperatingSegmentsMember 2020-09-30 0000871763 man:NorthernEuropeMember us-gaap:OperatingSegmentsMember 2020-09-30 0000871763 man:ApmeMember us-gaap:OperatingSegmentsMember 2020-09-30 0000871763 us-gaap:CorporateNonSegmentMember 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember 2019-12-31 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember 2019-12-31 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember 2019-12-31 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember 2020-09-30 0000871763 us-gaap:EarliestTaxYearMember 2020-01-01 2020-09-30 0000871763 us-gaap:LatestTaxYearMember 2020-01-01 2020-09-30 0000871763 us-gaap:EmployeeStockOptionMember 2020-07-01 2020-09-30 0000871763 us-gaap:EmployeeStockOptionMember 2019-07-01 2019-09-30 0000871763 us-gaap:EmployeeStockOptionMember 2020-01-01 2020-09-30 0000871763 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-09-30 0000871763 man:NonStockOptionAwardsMember 2020-07-01 2020-09-30 0000871763 man:NonStockOptionAwardsMember 2019-07-01 2019-09-30 0000871763 man:NonStockOptionAwardsMember 2020-01-01 2020-09-30 0000871763 man:NonStockOptionAwardsMember 2019-01-01 2019-09-30 0000871763 us-gaap:StockCompensationPlanMember 2020-07-01 2020-09-30 0000871763 us-gaap:StockCompensationPlanMember 2019-07-01 2019-09-30 0000871763 us-gaap:StockCompensationPlanMember 2020-01-01 2020-09-30 0000871763 us-gaap:StockCompensationPlanMember 2019-01-01 2019-09-30 0000871763 us-gaap:CustomerRelationshipsMember 2020-09-30 0000871763 us-gaap:OtherIntangibleAssetsMember 2020-09-30 0000871763 us-gaap:CustomerRelationshipsMember 2019-12-31 0000871763 us-gaap:OtherIntangibleAssetsMember 2019-12-31 0000871763 us-gaap:TradeNamesMember 2020-09-30 0000871763 man:ReacquiredFranchiseRightsMember 2020-09-30 0000871763 us-gaap:TradeNamesMember 2019-12-31 0000871763 man:ReacquiredFranchiseRightsMember 2019-12-31 0000871763 man:GermanySubsegmentMember 2020-04-01 2020-06-30 0000871763 man:RightManagementMember 2020-09-30 0000871763 man:JeffersonWellsMember 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:JeffersonWellsMember 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember man:JeffersonWellsMember 2019-12-31 0000871763 man:NorthernEuropeMember man:NetherlandsSubsegmentMember 2019-12-31 0000871763 man:NorthernEuropeMember man:UnitedKingdomSubsegmentMember 2019-12-31 0000871763 man:RightManagementMember us-gaap:OperatingSegmentsMember 2020-09-30 0000871763 man:RightManagementMember us-gaap:OperatingSegmentsMember 2019-12-31 0000871763 man:NorthernEuropeMember man:GermanySubsegmentMember 2019-12-31 0000871763 man:OtherReportingUnitsMember 2020-09-30 0000871763 man:OtherReportingUnitsMember 2019-12-31 0000871763 us-gaap:PensionPlansDefinedBenefitMember 2020-07-01 2020-09-30 0000871763 us-gaap:PensionPlansDefinedBenefitMember 2019-07-01 2019-09-30 0000871763 us-gaap:PensionPlansDefinedBenefitMember 2020-01-01 2020-09-30 0000871763 us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-09-30 0000871763 us-gaap:DefinedBenefitPostretirementHealthCoverageMember 2020-07-01 2020-09-30 0000871763 us-gaap:DefinedBenefitPostretirementHealthCoverageMember 2019-07-01 2019-09-30 0000871763 us-gaap:DefinedBenefitPostretirementHealthCoverageMember 2020-01-01 2020-09-30 0000871763 us-gaap:DefinedBenefitPostretirementHealthCoverageMember 2019-01-01 2019-09-30 0000871763 us-gaap:PensionPlansDefinedBenefitMember 2020-09-30 0000871763 country:US 2020-01-01 2020-01-31 0000871763 country:US 2020-02-01 2020-02-29 0000871763 us-gaap:AccumulatedTranslationAdjustmentMember 2020-09-30 0000871763 us-gaap:AccumulatedTranslationAdjustmentMember 2019-12-31 0000871763 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2020-09-30 0000871763 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-12-31 0000871763 man:AccumulatedTranslationGainLossOnIntercompanyLoansMember 2020-09-30 0000871763 man:AccumulatedTranslationGainLossOnIntercompanyLoansMember 2019-12-31 0000871763 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember us-gaap:PensionPlansDefinedBenefitMember 2020-09-30 0000871763 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember us-gaap:PensionPlansDefinedBenefitMember 2019-12-31 0000871763 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember us-gaap:DefinedBenefitPostretirementHealthCoverageMember 2020-09-30 0000871763 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember us-gaap:DefinedBenefitPostretirementHealthCoverageMember 2019-12-31 0000871763 us-gaap:NoncontrollingInterestMember 2020-01-01 2020-09-30 0000871763 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-09-30 0000871763 2020-05-08 2020-05-08 0000871763 2019-05-10 2019-05-10 0000871763 2019-08-31 0000871763 2018-08-03 0000871763 man:AugustTwoThousandEighteenAuthorizationMember 2020-01-01 2020-09-30 0000871763 man:AugustTwoThousandNineteenAuthorizationMember 2020-01-01 2020-09-30 0000871763 man:AugustTwoThousandNineteenAuthorizationMember 2020-09-30 0000871763 man:AugustTwoThousandEighteenAuthorizationMember 2020-09-30 0000871763 country:US 2020-01-01 2020-09-30 0000871763 man:ManpowerSwitzerlandMember man:InterestAndOtherIncomeExpensesNetMember 2019-01-01 2019-09-30 0000871763 us-gaap:DesignatedAsHedgingInstrumentMember man:NotesDueSeptember2022Member man:EurodenominatedNotesMember 2020-09-30 0000871763 us-gaap:DesignatedAsHedgingInstrumentMember man:NotesDueJune2026Member man:EurodenominatedNotesMember 2020-09-30 0000871763 man:EurodenominatedNotesMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2020-07-01 2020-09-30 0000871763 us-gaap:CurrencySwapMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2020-07-01 2020-09-30 0000871763 man:EurodenominatedNotesMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-07-01 2019-09-30 0000871763 us-gaap:CurrencySwapMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-07-01 2019-09-30 0000871763 man:EurodenominatedNotesMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2020-01-01 2020-09-30 0000871763 us-gaap:CurrencySwapMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2020-01-01 2020-09-30 0000871763 man:EurodenominatedNotesMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-09-30 0000871763 us-gaap:CurrencySwapMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-09-30 0000871763 us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember 2019-04-30 0000871763 us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember 2020-09-30 0000871763 us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2020-07-01 2020-09-30 0000871763 us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-07-01 2019-09-30 0000871763 us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember man:InterestAndOtherIncomeExpensesNetMember 2020-07-01 2020-09-30 0000871763 us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember man:InterestAndOtherIncomeExpensesNetMember 2019-07-01 2019-09-30 0000871763 us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2020-01-01 2020-09-30 0000871763 us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-09-30 0000871763 us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember man:InterestAndOtherIncomeExpensesNetMember 2020-01-01 2020-09-30 0000871763 us-gaap:CurrencySwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember man:InterestAndOtherIncomeExpensesNetMember 2019-01-01 2019-09-30 0000871763 us-gaap:NondesignatedMember us-gaap:ForeignExchangeForwardMember man:InterestAndOtherIncomeExpensesNetMember 2019-07-01 2019-09-30 0000871763 us-gaap:NondesignatedMember us-gaap:ForeignExchangeForwardMember man:InterestAndOtherIncomeExpensesNetMember 2020-01-01 2020-09-30 0000871763 us-gaap:NondesignatedMember us-gaap:ForeignExchangeForwardMember man:InterestAndOtherIncomeExpensesNetMember 2019-01-01 2019-09-30 0000871763 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CurrencySwapMember us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:CashFlowHedgingMember 2020-09-30 0000871763 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CurrencySwapMember us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:CashFlowHedgingMember 2019-12-31 0000871763 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:LongTermDebtMember man:EurodenominatedNotesMember us-gaap:NetInvestmentHedgingMember 2020-09-30 0000871763 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:LongTermDebtMember man:EurodenominatedNotesMember us-gaap:NetInvestmentHedgingMember 2019-12-31 0000871763 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:AccruedLiabilitiesMember us-gaap:CurrencySwapMember us-gaap:NetInvestmentHedgingMember 2020-09-30 0000871763 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:AccruedLiabilitiesMember us-gaap:CurrencySwapMember us-gaap:NetInvestmentHedgingMember 2019-12-31 0000871763 us-gaap:EstimateOfFairValueFairValueDisclosureMember man:EurodenominatedNotesMember us-gaap:FairValueInputsLevel2Member 2020-09-30 0000871763 us-gaap:EstimateOfFairValueFairValueDisclosureMember man:EurodenominatedNotesMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000871763 us-gaap:CarryingReportedAmountFairValueDisclosureMember man:EurodenominatedNotesMember us-gaap:FairValueInputsLevel2Member 2020-09-30 0000871763 us-gaap:CarryingReportedAmountFairValueDisclosureMember man:EurodenominatedNotesMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0000871763 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2020-09-30 0000871763 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:ReportableSubsegmentsMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:ReportableSubsegmentsMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:ReportableSubsegmentsMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:ReportableSubsegmentsMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember us-gaap:ReportableSubsegmentsMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember us-gaap:ReportableSubsegmentsMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember us-gaap:ReportableSubsegmentsMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:OtherAmericasReportableSegmentMember us-gaap:ReportableSubsegmentsMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember us-gaap:ReportableSubsegmentsMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember us-gaap:ReportableSubsegmentsMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember us-gaap:ReportableSubsegmentsMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:FranceSubsegmentMember us-gaap:ReportableSubsegmentsMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember us-gaap:ReportableSubsegmentsMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember us-gaap:ReportableSubsegmentsMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember us-gaap:ReportableSubsegmentsMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:ItalySubsegmentMember us-gaap:ReportableSubsegmentsMember 2019-01-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember us-gaap:ReportableSubsegmentsMember 2020-07-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember us-gaap:ReportableSubsegmentsMember 2019-07-01 2019-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember us-gaap:ReportableSubsegmentsMember 2020-01-01 2020-09-30 0000871763 man:SouthernEuropeMember man:OtherSouthernEuropeReportableSegmentMember us-gaap:ReportableSubsegmentsMember 2019-01-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:FranchiseMember 2020-07-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:FranchiseMember 2019-07-01 2019-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:FranchiseMember 2020-01-01 2020-09-30 0000871763 man:AmericasSegmentMember man:UnitedStatesSubsegmentMember us-gaap:FranchiseMember 2019-01-01 2019-09-30 0000871763 us-gaap:FranchiseMember 2020-07-01 2020-09-30 0000871763 us-gaap:FranchiseMember 2019-07-01 2019-09-30 0000871763 us-gaap:FranchiseMember 2020-01-01 2020-09-30 0000871763 us-gaap:FranchiseMember 2019-01-01 2019-09-30

United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

(Mark One)

Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended:

September 30, 2020  

or

Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from: ______to______

Commission file number: 1-10686

MANPOWERGROUP INC.

(Exact name of registrant as specified in its charter)

 

 

Wisconsin

39-1672779

 

(State or other jurisdiction of incorporation)

(IRS Employer Identification No.)

 

 

 

 

100 Manpower Place

 

 

Milwaukee, Wisconsin

53212

 

(Address of principal executive offices)

(Zip Code)

 

Registrant’s telephone number, including area code:  (414) 961-1000

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading Symbol(s)

 

Name of each exchange on which registered

 

 

 

 

 

Common Stock, $.01 par value

 

MAN

 

New York Stock Exchange

 

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes  ☒  No  

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes  ☒  No  

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

 

Accelerated filer

Non-accelerated filer

 

Smaller reporting company

Emerging growth company

 

 

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  No  

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

 

 

Shares Outstanding

Class

 

at November 4, 2020

Common Stock, $.01 par value

 

57,533,218

 

 

 

 

 


 

ManpowerGroup Inc.

INDEX

 

 

 

 

 

Page

Number

PART I

 

FINANCIAL INFORMATION

 

 

Item 1

 

Financial Statements (unaudited)

 

 

 

 

Consolidated Balance Sheets

 

3-4

 

 

Consolidated Statements of Operations

 

5

 

 

Consolidated Statements of Comprehensive Income

 

5

 

 

Consolidated Statements of Cash Flows

 

6

 

 

Consolidated Statements of Shareholders' Equity

 

          7-8

 

 

Notes to Consolidated Financial Statements

 

9-24

Item 2

 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

25-42

Item 3

 

Quantitative and Qualitative Disclosures About Market Risk

 

42

Item 4

 

Controls and Procedures

 

42

 

 

 

 

 

PART II

 

OTHER INFORMATION

 

 

Item 1A

 

Risk Factors

 

43

Item 2

 

Unregistered Sales of Equity Securities and Use of Proceeds

 

44

Item 5

 

Other Information

 

44

Item 6

 

Exhibits

 

45

 

 

 

 

 

SIGNATURES

 

 

 

46

 

2


 

PART I - FINANCIAL INFORMATION

Item 1 – Financial Statements (unaudited)

ManpowerGroup Inc.

Consolidated Balance Sheets (Unaudited)

(in millions)

ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

2020

 

 

December 31,

2019

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

1,587.7

 

 

$

1,025.8

 

Accounts receivable, less allowance for doubtful accounts of

$125.3 and $113.5, respectively

 

 

4,535.7

 

 

 

5,273.1

 

Prepaid expenses and other assets

 

 

224.7

 

 

 

185.6

 

Total current assets

 

 

6,348.1

 

 

 

6,484.5

 

 

 

 

 

 

 

 

 

 

Other Assets:

 

 

 

 

 

 

 

 

Goodwill

 

 

1,198.6

 

 

 

1,260.1

 

Intangible assets, less accumulated amortization of

$412.8 and $389.4, respectively

 

 

251.5

 

 

 

268.6

 

Operating lease right-of-use assets

 

 

407.9

 

 

 

448.5

 

Other assets

 

 

610.7

 

 

 

618.8

 

Total other assets

 

 

2,468.7

 

 

 

2,596.0

 

 

 

 

 

 

 

 

 

 

Property and Equipment:

 

 

 

 

 

 

 

 

Land, buildings, leasehold improvements and equipment

 

 

599.6

 

 

 

605.5

 

Less: accumulated depreciation and amortization

 

 

467.1

 

 

 

462.2

 

Net property and equipment

 

 

132.5

 

 

 

143.3

 

Total assets

 

$

8,949.3

 

 

$

9,223.8

 

 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

3


 

ManpowerGroup Inc.

 

Consolidated Balance Sheets (Unaudited)

(in millions, except share and per share data)

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

2020

 

 

December 31,

2019

 

Current Liabilities:

 

 

 

 

 

 

 

 

Accounts payable

 

$

2,359.9

 

 

$

2,474.9

 

Employee compensation payable

 

 

213.0

 

 

 

206.4

 

Accrued liabilities

 

 

555.6

 

 

 

545.4

 

Accrued payroll taxes and insurance

 

 

622.3

 

 

 

649.7

 

Value added taxes payable

 

 

495.5

 

 

 

504.0

 

Short-term borrowings and current maturities of long-term debt

 

 

29.2

 

 

 

61.0

 

Total current liabilities

 

 

4,275.5

 

 

 

4,441.4

 

 

 

 

 

 

 

 

 

 

Other Liabilities:

 

 

 

 

 

 

 

 

Long-term debt

 

 

1,058.5

 

 

 

1,012.4

 

Long-term operating lease liability

 

 

318.8

 

 

 

336.7

 

Other long-term liabilities

 

 

691.1

 

 

 

671.8

 

Total other liabilities

 

 

2,068.4

 

 

 

2,020.9

 

 

 

 

 

 

 

 

 

 

Shareholders’ Equity:

 

 

 

 

 

 

 

 

ManpowerGroup shareholders' equity

 

 

 

 

 

 

 

 

   Preferred stock, $.01 par value, authorized 25,000,000 shares, none issued

 

 

 

 

 

 

Common stock, $.01 par value, authorized 125,000,000 shares, issued

117,543,804 and 117,190,883 shares, respectively

 

 

1.2

 

 

 

1.2

 

Capital in excess of par value

 

 

3,395.1

 

 

 

3,370.6

 

Retained earnings

 

 

3,378.5

 

 

 

3,494.1

 

Accumulated other comprehensive loss

 

 

(432.8

)

 

 

(441.0

)

Treasury stock at cost, 59,460,085 and 58,517,128 shares, respectively

 

 

(3,753.3

)

 

 

(3,681.9

)

Total ManpowerGroup shareholders’ equity

 

 

2,588.7

 

 

 

2,743.0

 

Noncontrolling interests

 

 

16.7

 

 

 

18.5

 

Total shareholders’ equity

 

 

2,605.4

 

 

 

2,761.5

 

Total liabilities and shareholders’ equity

 

$

8,949.3

 

 

$

9,223.8

 

 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

4


 

ManpowerGroup Inc.

Consolidated Statements of Operations (Unaudited)

(in millions, except per share data)

 

 

 

Three Months Ended

 

 

 

Nine Months Ended

 

 

 

September 30,

 

 

 

September 30,

 

 

 

2020

 

 

2019

 

 

 

2020

 

 

2019

 

Revenues from services

 

$

4,584.8

 

 

$

5,248.9

 

 

 

$

12,946.1

 

 

$

15,666.9

 

Cost of services

 

 

3,859.7

 

 

 

4,408.6

 

 

 

 

10,920.3

 

 

 

13,151.4

 

Gross profit

 

 

725.1

 

 

 

840.3

 

 

 

 

2,025.8

 

 

 

2,515.5

 

Selling and administrative expenses, excluding goodwill impairment charges

 

 

663.5

 

 

 

623.3

 

 

 

 

1,909.7

 

 

 

1,998.2

 

Goodwill impairment charges

 

 

-

 

 

 

-

 

 

 

 

66.8

 

 

 

64.0

 

  Selling and administrative expenses

 

 

663.5

 

 

 

623.3

 

 

 

 

1,976.5

 

 

 

2,062.2

 

Operating profit

 

 

61.6

 

 

 

217.0

 

 

 

 

49.3

 

 

 

453.3

 

Interest and other expenses (income), net

 

 

6.0

 

 

 

12.2

 

 

 

 

32.3

 

 

 

(46.1

)

Earnings before income taxes

 

 

55.6

 

 

 

204.8

 

 

 

 

17.0

 

 

 

499.4

 

Provision for income taxes

 

 

45.3

 

 

 

58.7

 

 

 

 

69.4

 

 

 

172.5

 

Net earnings (loss)

 

 

10.3

 

 

$

146.1

 

 

 

$

(52.4

)

 

$

326.9

 

Net earnings (loss) per share – basic

 

$

0.18

 

 

$

2.44

 

 

 

$

(0.90

)

 

$

5.43

 

Net earnings (loss) per share – diluted

 

$

0.18

 

 

$

2.42

 

 

 

$

(0.90

)

 

$

5.40

 

Weighted average shares – basic

 

 

58.2

 

 

 

59.9

 

 

 

 

58.4

 

 

 

60.2

 

Weighted average shares – diluted

 

 

58.5

 

 

 

60.3

 

 

 

 

58.4

 

 

 

60.6

 

 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

 

 

ManpowerGroup Inc.

Consolidated Statements of Comprehensive (Loss) Income (Unaudited)

(in millions)

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net earnings (loss)

 

$

10.3

 

 

$

146.1

 

 

$

(52.4

)

 

$

326.9

 

Other comprehensive income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments

 

 

76.7

 

 

 

(76.1

)

 

 

29.1

 

 

 

(73.8

)

Reclassification of currency translation adjustment to income related to disposition of partially held equity interest

 

 

 

 

 

6.2

 

 

 

 

 

 

(26.3

)

Translation adjustments on derivative instruments, net of income (benefit) taxes of $(12.6), $9.6, $(12.5) and $11.6, respectively

 

 

(25.2

)

 

 

36.9

 

 

 

(23.8

)

 

 

43.2

 

Translation adjustments of long-term intercompany loans

 

 

(5.8

)

 

 

(3.2

)

 

 

(6.2

)

 

 

3.6

 

Defined benefit pension plans and retiree health care plan, net of income taxes of $0.3, $0.1, $7.9 and $0.2, respectively

 

 

0.6

 

 

 

0.2

 

 

 

2.5

 

 

 

0.6

 

Pension settlement related to a U.S. plan, net of income taxes of $(3.9)

 

 

 

 

 

 

 

 

6.6

 

 

 

 

Total other comprehensive income (loss)

 

 

46.3

 

 

 

(36.0

)

 

 

8.2

 

 

 

(52.7

)

Comprehensive (loss) income

 

$

56.6

 

 

$

110.1

 

 

$

(44.2

)

 

$

274.2

 

 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

5


 

ManpowerGroup Inc.

Consolidated Statements of Cash Flows (Unaudited)

(in millions)

 

 

Nine Months Ended

 

 

 

September 30,

 

 

 

2020

 

 

2019

 

Cash Flows from Operating Activities:

 

 

 

 

 

 

 

 

  Net (loss) earnings

 

$

(52.4

)

 

$

326.9

 

  Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:

 

 

 

 

 

 

 

 

      Depreciation and amortization

 

 

55.4

 

 

 

57.1

 

      Non-cash gain on disposition of previously held equity interest

 

 

 

 

 

(80.4

)

      Non-cash gain on disposition of previously held controlling interest

 

 

 

 

 

(30.4

)

      Non-cash goodwill and other impairment charges

 

 

71.3

 

 

 

64.0

 

      Non-cash operating lease right-of-use assets impairment

 

 

22.6

 

 

 

5.7

 

      Deferred income taxes

 

 

5.5

 

 

 

7.8

 

      Provision for doubtful accounts

 

 

17.8

 

 

 

16.9

 

      Share-based compensation

 

 

18.4

 

 

 

18.8

 

      Changes in operating assets and liabilities, excluding the impact of acquisitions:

 

 

 

 

 

 

 

 

           Accounts receivable

 

 

785.8

 

 

 

(60.9

)

           Other assets

 

 

(15.1

)

 

 

103.7

 

           Other liabilities

 

 

(193.6

)

 

 

66.2

 

                 Cash provided by operating activities

 

 

715.7

 

 

 

495.4

 

 

 

 

 

 

 

 

 

 

Cash Flows from Investing Activities:

 

 

 

 

 

 

 

 

  Capital expenditures

 

 

(30.5

)

 

 

(36.2

)

  Acquisition of businesses, net of cash acquired

 

 

 

 

 

86.1

 

  Impact to cash resulting from deconsolidation of subsidiaries

 

 

 

 

 

(57.9

)

  Proceeds from the sale of subsidiaries, investments, property and equipment

 

 

8.0

 

 

 

8.0

 

                 Cash used in investing activities

 

 

(22.5

)

 

 

 

 

 

 

 

 

 

 

 

 

Cash Flows from Financing Activities:

 

 

 

 

 

 

 

 

  Net change in short-term borrowings

 

 

(30.6

)

 

 

(2.0

)

  Proceeds from long-term debt

 

 

2.0

 

 

 

9.0

 

  Repayments of long-term debt

 

 

(0.1

)

 

 

(0.7

)

  Payments of contingent consideration for acquisitions

 

 

(1.7

)

 

 

(22.8

)

  Proceeds from share-based awards and sale of subsidiaries

 

 

7.4

 

 

 

6.5

 

  Payments to noncontrolling interest

 

 

(0.8

)