0001193125-26-064113 | 10-K | XBRL Viewer

Accounts Receivable, Contract Assets and Contract Liabilities

Nature of Operations

ManpowerGroup Inc. is a world leader in the innovative workforce solutions and services industry. Our global network of approximately 2,100 offices in more than 70 countries and territories allows us to meet the needs of our global, multinational and local clients across all major industry segments. Our largest operations, based on revenues, are located in France, the United States, Italy, and the United Kingdom. We specialize in permanent, temporary and contract recruitment and assessment; training and development; outsourcing; career management and workforce consulting services. We provide services to a wide variety of clients, none of which individually comprise a significant portion of revenues for us as a whole

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses for the reporting period. Estimates are used for, but not limited to, the accounting for the allowance for doubtful accounts and credit losses, defined benefit plans, workers’ compensation, share-based compensation, annual performance-related incentives, leases, goodwill and long-lived asset impairment, valuation of acquired intangibles and income taxes. Actual results could differ from these estimates.

Basis of Consolidation

The Consolidated Financial Statements include our operating results and the operating results of all of our majority-owned subsidiaries and entities in which we have a controlling financial interest. We have a controlling financial interest if we own a majority of the outstanding voting common stock and the noncontrolling shareholders do not have substantive participating rights, or we have significant control over an entity through contractual or economic interests in which we are the primary beneficiary. We account for equity investments in companies over which we have the ability to exercise significant influence, but not control, using the equity method of accounting. We recognize our ownership share of earnings of these equity method investments, amortization of basis differences, and related gains or losses in the Consolidated Financial Statements. These investments, as well as certain other relationships, are also evaluated for consolidation under the accounting guidance on consolidation of variable interest entities. These investments were $100.2 and $103.9 as of December 31, 2025 and 2024, respectively, and are included in other assets in the Consolidated Balance Sheets. Included in shareholders’ equity as of December 31, 2025 and 2024 are $6.5 and $16.9, respectively, of accumulated unremitted earnings from investments accounted for using the equity method. The amounts relate to accounting for our remaining interest in ManpowerGroup Greater China under the equity method subsequent to deconsolidation in 2019.

Revenues

We recognize revenues when or as control of the promised services is transferred to our clients, in an amount that reflects the consideration we expect to be entitled to receive in exchange for those services. Our revenues are recorded net of any sales, value added or other taxes collected from our clients.

A performance obligation is a promise in a contract to transfer a distinct service to the client, and it is the unit of account in the accounting guidance for revenue recognition. The majority of our contracts have a single performance obligation as the promise to transfer the individual services is not separately identifiable from other promises in our contracts and, therefore, is not distinct. However, we have multiple performance obligations within our Recruitment Process Outsourcing (RPO) contracts as discussed below. For performance obligations that we satisfy over time, revenues are recognized by consistently applying a method of measuring progress toward satisfaction of that performance obligation. We generally utilize an input measure of time (e.g., hours, weeks, months) of service provided, which most accurately depicts the progress toward completion of each performance obligation.

We generally determine standalone selling prices based on the prices included in the client contracts, using expected costs plus margin or other observable prices. The price as specified in our client contracts is generally considered the standalone selling price as it is an observable input that depicts the price as if separately sold to a similar client in similar circumstances. Certain client contracts have variable consideration, including credits, sales allowances, rebates or other similar items that generally reduce the transaction price. We estimate variable consideration using whichever method, either the expected value method or most likely amount method, better predicts the amount of consideration to which we will become entitled based on the terms of the client contract and historical evidence. These amounts may be constrained and are only included in revenues to the extent we do not expect a significant reversal when the uncertainty associated with the variable consideration is resolved. Our variable consideration amounts are not material, and we do not believe that there will be significant changes to our estimates.

Our client contracts generally include standard payment terms acceptable in each of the countries and territories in which we operate. The payment terms vary by the type and location of our clients and services offered. Client payments are typically due approximately 60 days after invoicing but may be a shorter or longer term depending on the contract. Our client contracts are generally short-term in nature with a term of one year or less. The timing between satisfaction of the performance obligation, invoicing and payment is not significant. For certain services and client types, we may require payment prior to delivery of services to the client, for which deferred revenue is recorded.

In certain scenarios where a third-party vendor is involved in our revenue transactions with our clients, we evaluate whether we are the principal or the agent in the transaction. In situations where we act as principal in the transaction, we control the performance obligation prior to transfer to the client, and we report the related amounts as gross revenues and cost of services. When we act as agent in the transaction, we do not control the performance obligation prior to transfer to the client, and we report the related amounts as revenues on a net basis.

A majority of these agent transactions occur within our TAPFIN - Managed Service Provider (MSP) programs where our performance obligation is to manage our client’s contingent workforce, and we earn a commission based on the amount of staffing services that are managed through the program. We are the agent in these transactions as we do not control the third-party providers' staffing services provided to the client through our MSP program prior to those services being transferred to the client.

For certain client contracts where we recognize revenues over time, we recognize the amount that we have the right to invoice, which corresponds directly to the value provided to the client of our performance to date.

As allowed under the guidance, we do not disclose the amount of unsatisfied performance obligations for client contracts with an original expected length of one year or less and those client contracts for which we recognize revenues at the amount to which we have the right to invoice for services performed. We have other contracts with revenues expected to be recognized subsequent to December 31, 2025 related to remaining performance obligations, which are not material.

We record accounts receivable when our right to consideration becomes unconditional. Contract assets primarily relate to our rights to consideration for services provided that they are conditional on satisfaction of future performance obligations. We record contract liabilities (deferred revenue) when payments are made or due prior to the related performance obligations being satisfied. The current portion of our contract liabilities is included in accrued liabilities in our Consolidated Balance Sheets. We do not have any material contract assets or long-term contract liabilities.

Our deferred revenue was $45.6 and $30.3 as of December 31, 2025 and 2024, respectively. We recognized the entire amount of the deferred revenue balance as of December 31, 2024 as revenue during the year ended December 31, 2025. We expect to recognize the entire amount of deferred revenue balance as of December 31, 2025 as revenue in 2026.

Allowance for Expected Credit Losses

We have an allowance for expected credit losses recorded as an estimate of the accounts receivable balance that may not be collected. This allowance is calculated on an entity-by-entity basis with consideration for historical write-off experience, age of receivables, market conditions, and a specific review for expected credit losses. Items that affect this balance mainly include provision for credit losses and the write-off of accounts receivable balances.

Changes in allowance for expected credit losses are as follows:


	Balance at Beginning of Year		Provision for Credit Losses		Write-Offs				Currency Impact and Other			Balance at End of Year

2025	$	67.6	$	7.1	$	(11.2	)		$	10.6		$	74.1
2024		99.2		9.0		(35.6	)	(a)		(5.0	)		67.6
2023		109.3		5.4		(18.2	)			2.7			99.2

(a)

Includes a $24.7 bad debt write-off in Italy to secure tax benefits.

Provision for credit losses is recorded as selling and administrative expenses in our Consolidated Statements of Operations. Factors that would cause this provision to increase primarily relate to increased bankruptcies by our clients and other difficulties collecting amounts billed. On the other hand, an improved write-off experience and aging of receivables would result in a decrease to the provision.

Advertising Costs

We expense production costs of advertising as they are incurred. Advertising expenses were $28.1, $28.3 and $28.9 in 2025, 2024 and 2023, respectively.

Restructuring Costs

We recorded net restructuring costs of $64.2, $53.6, and $149.2 in 2025, 2024 and 2023, respectively, in selling and administrative expenses. Payments made from the restructuring reserve were $72.9 and $93.7 during 2025 and 2024, respectively. We use our restructuring reserve for severance, office closures, office consolidations, and professional and other fees related to restructuring in multiple countries and territories. We expect a majority of the remaining $35.1 reserve will be paid by the end of 2026.

Changes in the restructuring reserve by reportable segment and Corporate are shown below:


	Americas(a)			Southern Europe(b)			Northern Europe			APME			Corporate			Total

Balance, December 31, 2023	$	4.8		$	5.9		$	78.9		$	0.4		$	—		$	90.0
Severance costs		8.6			5.4			28.8			2.8			1.9			47.5
Lease costs(c)		0.5			0.1			2.8			—			—			3.4
Other costs		0.1			0.8			1.8			—			—			2.7
Non-cash charges		(0.5	)		(0.1	)		(2.8	)		—			—			(3.4	)
Costs paid		(7.8	)		(7.7	)		(77.4	)		(0.8	)		—			(93.7	)
Balance, December 31, 2024	$	5.7		$	4.4		$	32.1		$	2.4		$	1.9		$	46.5
Severance costs		5.1			15.4			42.1			0.1			(1.2	)		61.5
Lease costs(c)		1.1			—			1.6			—			—			2.7
Non-cash charges		(1.1	)		—			(1.6	)		—			—			(2.7	)
Costs paid		(8.1	)		(11.8	)		(50.0	)		(2.3	)		(0.7	)		(72.9	)
Balance, December 31, 2025	$	2.7		$	8.0		$	24.2		$	0.2		$	—		$	35.1

(a)

Balance related to United States was $3.7 as of December 31, 2023. In 2024, United States incurred $6.0 for severance costs, $0.1 for other costs and paid $5.8, leaving a $4.0 liability as of December 31, 2024. In 2025, United States incurred $2.6 for severance costs and paid $6.0, leaving a $0.6 liability as of December 31, 2025.

(b)

France had a $2.5 liability as of December 31, 2023. In 2024, France incurred $1.3 for severance costs, $0.5 for other costs and paid $3.1, leaving a $1.2 liability as of December 31, 2024. In 2025, France incurred $5.0 for severance costs and paid $3.1, leaving a $3.1 liability as of December 31, 2025. As of December 31, 2023, Italy had a $1.0 liability. In 2024, Italy incurred $1.9 for severance costs, $0.1 for other costs and paid $1.0, leaving a $2.0 liability as of December 31, 2024. In 2025, Italy incurred $0.4 for severance costs and paid $1.8, leaving a $0.6 liability as of December 31, 2025.

(c)

Liabilities related to exited leased facilities are recorded within our short-term and long-term operating lease liabilities within our Consolidated Balance Sheets.

Income Taxes

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax basis, and net operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. We record a valuation allowance against deferred tax assets to reduce the assets to the amounts more likely than not to be realized.

Fair Value Measurements

The assets and liabilities measured and recorded at fair value on a recurring basis were as follows:


	Fair Value Measurements Using								Fair Value Measurements Using


	December 31, 2025		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		December 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Assets
Deferred compensation plan assets	$	188.6	$	188.6	$	—	$	—	$	165.4	$	165.4	$	—	$	—
Cross-currency swaps		14.6		—		14.6		—		10.3		—		10.3		—
	$	203.2	$	188.6	$	14.6	$	—	$	175.7	$	165.4	$	10.3	$	—
Liabilities
Cross-currency swaps	$	102.9	$	—	$	102.9	$	—	$	37.0	$	—	$	37.0	$	—
Foreign currency forward contracts		0.8		—		0.8		—		0.7		—		0.7		—
	$	103.7	$	—	$	103.7	$	—	$	37.7	$	—	$	37.7	$	—

Our deferred compensation plan assets are comprised of publicly traded securities, of which fair value is determined using market quotes as of the last day of the period. We record them in other assets in the Consolidated Balance Sheets. The fair value of the cross-currency swaps and foreign currency forward contracts are measured at the value based on a third party valuation model that performs a discounted cash flow analysis based on the terms of the contracts and market observable inputs such as current and forward interest rates and current and forward foreign exchange rates.

The carrying values of cash and cash equivalents, accounts receivable, accounts payable and other current assets and liabilities approximate their fair values because of the short-term nature of these instruments. The carrying value of our variable-rate long-term debt and revolving debt facility approximates fair value. The fair value of the Euro-denominated notes, as observable at commonly quoted intervals (Level 2 inputs), was $1,645.3 and $928.5 as of December 31, 2025 and 2024, respectively, compared to a carrying value of $1,639.0 and $928.4, respectively.

Goodwill and Other Intangible Assets

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


	December 31, 2025						December 31, 2024


	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net

Goodwill(a)	$	1,544.6	$	—	$	1,544.6	$	1,563.4	$	—	$	1,563.4
Intangible assets:
Finite-lived:
Customer relationships	$	833.2	$	556.1	$	277.1	$	814.2	$	509.1	$	305.1
Other		25.3		23.0		2.3		24.4		21.3		3.1
		858.5		579.1		279.4		838.6		530.4		308.2
Indefinite-lived:
Tradenames(b)		52.0		—		52.0		52.0		—		52.0
Reacquired franchise rights(c)		98.7		—		98.7		125.9		—		125.9
		150.7		—		150.7		177.9		—		177.9
Total intangible assets	$	1,009.2	$	579.1	$	430.1	$	1,016.5	$	530.4	$	486.1

(a)

Balances were net of accumulated impairment loss of $807.4 and $749.3 as of December 31, 2025 and 2024, respectively.

(b)

Balances were net of accumulated impairment loss of $139.5 as of both December 31, 2025 and 2024.

(c)

Balances were net of accumulated impairment loss of $30.6 and none as of December 31, 2025 and 2024, respectively.

The consolidated amortization expense related to intangibles was $31.3, $32.7 and $34.6 in 2025, 2024 and 2023, respectively. Amortization expense expected in each of the next five years related to acquisitions completed as of December 31, 2025 is as follows: 2026 - $27.9, 2027 - $27.1, 2028 - $27.1, 2029 - $26.8 and 2030 - $26.3. The weighted-average useful lives of the customer relationships and other are approximately 15 and 5 years, respectively. The tradenames have been assigned an indefinite-life based on our expectation of renewing the tradenames, as required, without material modifications and at a minimal cost, and our expectation of positive cash flows beyond the foreseeable future. Indefinite-lived reacquired franchise rights resulted from our franchise acquisitions in the United States, Switzerland and Canada. These rights entitled the franchisees with unilateral control to operate perpetually in particular territories and have therefore been assigned an indefinite-life.

In accordance with the accounting guidance on goodwill and other intangible assets, we perform an annual impairment test of goodwill at our reporting unit level and indefinite-lived intangible assets at our unit of account level during the third quarter, or more frequently if events or circumstances change that would more likely than not reduce the fair value of our reporting units below their carrying value. In the event the fair value of a reporting unit is less than the carrying value including goodwill, we record an impairment charge equal to the excess of the carrying amount over the fair value. Similarly, if the fair value of an indefinite-lived intangible asset is less than its carrying value, we record an impairment charge for the difference.

We evaluate the recoverability of goodwill utilizing an income approach that estimates the fair value of the future discounted cash flows to which the goodwill relates. This approach reflects management’s internal outlook of the reporting units, which is believed to be the best determination of value due to management’s insight and experience with the reporting units. We evaluate the following assumptions which are used in our goodwill impairment tests: expected future revenue growth rates, operating unit profit (OUP) margins, working capital levels, discount rates, and terminal value revenue growth rate. We consider expected future revenue growth rates, OUP margins and discount rates to be the more significant assumptions. The expected future revenue growth rates and OUP margins are determined after taking into consideration historical performance, our assessment of future market potential, and expected future business performance conditions. We believe that the discounted cash flow model provides the most reasonable and meaningful estimate of fair value, consistent with how market participants would value our reporting units in an orderly transaction.

For indefinite-lived intangible assets, we use either an income approach or a relief-from-royalty method, depending on the nature of the asset. Significant assumptions include expected future revenue growth rates, profit margins, discount rates, and market participant assumptions.

Management closely monitors the financial and operating results relative to the assumptions used in our fair value estimates, as well as macroeconomic conditions and strategic initiatives that may impact the reporting units and indefinite-lived intangible assets. During the second quarter of 2025, in connection with the preparation of our financial statements, we assessed the changes in circumstances that occurred during the quarter to determine if it was more likely than not that the fair value of any reporting unit or indefinite-lived intangible asset was below its carrying amount. We identified several factors affecting our United Kingdom and Switzerland reporting units that led us to conclude an interim goodwill impairment assessment was necessary. These factors included deterioration of the macroeconomic and local market conditions, financial performance below management’s planned revenue and OUP expectations for the first half of 2025, and downward revisions to full-year 2025 revenue and OUP projections. As a result, we recognized a partial non-cash goodwill impairment loss of $33.4 for our United Kingdom reporting unit in our Northern Europe segment and $24.7 for our Switzerland reporting unit in our Southern Europe segment, reducing their carrying values to estimated fair value. Key assumptions in the United Kingdom discounted cash flow valuation included a discount rate of 11.4%, revenue growth for the next 10 years ranging from -8.4% to 10.0%, and average OUP margin approximating 2.5%. Key assumptions in the Switzerland discounted cash flow valuation included a discount rate of 11.2%, revenue growth for the next 10 years ranging from -12.4% to 12.0% and average OUP margin approximating 3.0%.

In addition, we recognized a full impairment of $30.6 related to the reacquired franchise right associated with our Switzerland business, which is an indefinite-lived intangible asset. Key assumptions included in the indefinite-lived intangible asset impairment test included a discount rate of 13.7% and OUP margins ranging from 1.0% to 4.0%.

During the third quarter of 2025, we completed the annual impairment test of our goodwill and indefinite-lived intangible assets. The fair value exceeded the carrying amount by more than 10% for all reporting units except the United Kingdom and Switzerland, whose carrying values had already been adjusted to fair value in the second quarter. As of December 31, 2025, the goodwill balances related to our United Kingdom and Switzerland reporting units were $78.0 and $35.5, respectively.

Key assumptions for our United States reporting unit in our Americas segment, which represents the reporting unit with the most significant goodwill balance, included a discount rate of 9.4%, revenue growth rates for the next 10 years ranging from -1.7% to 8.0% and average OUP margins approximating 5.0%. Management closely monitors the performance and assumptions used in our fair value estimates, along with macroeconomic and operational developments that may impact future impairment assessments.

During the fourth quarter of 2025, in connection with the preparation of our annual financial statements, we assessed the changes in circumstances that occurred during the quarter to determine if it was more likely than not that the fair value of any reporting unit were below its carrying amount. The actual results of revenues and OUP margins for our key reporting units were consistent with the forecasted assumptions for the near-term revenue growth and OUP margins utilized in the discounted cash flow models as of our valuation date. Additionally, we performed an updated analysis of our market capitalization reconciliation to the values derived from our discounted cash flow models during our annual impairment testing in light of the lower stock price as of December 31, 2025. In evaluating triggering events and assessing the reasonableness of our market cap reconciliation as of December 31, 2025, we considered external data points from analysts, market peers, our past history and experience, 2025 actual results and our near term and long-term forecasts. Further, we considered the results of the fourth quarter whereby we saw largely stable activity levels across North America and Europe overall, with improving trends in certain of our reporting units and we expect these trends to continue into 2026. We concluded, based on our analysis performed, that the fair value of the reporting units continued to equal or exceed the carrying value and did not identify a triggering event.

There could be significant further decreases in the operating results of our reporting units for a sustained period, which may result in a recognition of goodwill impairment that could be material to the Consolidated Financial Statements.

Capitalized Software for Internal Use

We capitalize purchased software as well as internally developed software. Internal software development costs are capitalized from the time when the internal-use software is considered probable of completion until the software is ready for use. Business analysis, system evaluation, selection and software maintenance costs are expensed as incurred. Capitalized software costs are amortized using the straight-line method over the estimated useful life of the software which ranges from 3 to 10 years. The net capitalized software balance of $39.3 and $36.5 as of December 31, 2025 and 2024, respectively, is included in other assets in the Consolidated Balance Sheets. Amortization expense related to the capitalized software costs, which is included in selling and administrative expenses, was $17.2, $15.8 and $13.8 for 2025, 2024 and 2023, respectively. In 2023, we also recorded software impairment charges of $2.2.

Cloud Computing Arrangements

We utilize cloud computing arrangements such as hosting arrangements that are service contracts, whereby we gain remote access to use software hosted by the vendor or another third party on an as-needed basis for a period of time in exchange for a subscription fee. Subscription fees are usually prepaid and recorded in selling and administrative expenses over the related subscription period. Certain implementation costs for cloud computing arrangements are capitalized in prepaid expenses or other noncurrent assets if they consist of internal and external costs directly attributable to developing and configuring cloud computing software for its intended use. Amortization of capitalized implementation costs is recorded in selling and administrative expenses on a straight-line basis over the term of the cloud computing arrangement, which is the non-cancellable period of agreement, together with periods covered by renewal options that we are reasonably certain to exercise. The unamortized implementation costs related to our cloud computing arrangements were $166.5, $110.8 and $54.6 as of December 31, 2025, 2024 and 2023, respectively.

Property and Equipment

A summary of property and equipment as of December 31 is as follows:


	2025		2024

Land	$	0.5	$	0.4
Buildings		6.3		6.0
Furniture, fixtures, and autos		153.5		145.6
Computer equipment		107.9		106.1
Leasehold improvements		258.7		230.1
Property and equipment	$	526.9	$	488.2

Property and equipment are stated at cost and are depreciated using primarily the straight-line method over the following estimated useful lives: buildings - up to 40 years; furniture, fixtures, autos and computer equipment - 3 to 16 years; leasehold improvements - lesser of life of asset or expected lease term. Expenditures for renewals and betterments are capitalized whereas expenditures for repairs and maintenance are charged to income as incurred. Upon sale or disposition of property and equipment, the difference between the unamortized cost and the proceeds is recorded as either a gain or a loss and is included in our Consolidated Statements of Operations. Long-lived assets are evaluated for impairment in accordance with the provisions of the accounting guidance on the impairment or disposal of long-lived assets.

Leases

We recognize right-of-use assets (“ROU”) and lease liabilities on the balance sheet for leases with lease terms longer than 12 months and we classify the lease as a finance or operating lease which affects the recognition, measurement, and presentation of lease expenses and cash flows. Our Consolidated Balance Sheets now present ROU assets, short-term lease liability and long-term lease liability as separate line items.

We have operating leases for real estate, vehicles, and equipment. Our leases have remaining lease terms of 1 month to 14 years. Our lease agreements may include renewal or termination options for varying periods that are generally at our discretion. In our lease term, we only include those periods related to renewal options we are reasonably certain to exercise. However, we generally do not include these renewal options as we are not reasonably certain to renew at the lease commencement date. This determination is based on our consideration of certain economic, strategic and other factors that we evaluate at lease commencement date and reevaluate throughout the lease term. Some leases also include options to terminate the contracts, and we only include those periods beyond the termination date if we are reasonably certain not to exercise the termination option.

Some leasing arrangements require variable payments that are dependent on usage or may vary for other reasons, such as payments for insurance and tax payments. The variable portion of lease payments is not included in our ROU assets or lease liabilities. Rather, variable payments, other than those dependent upon an index or rate, are expensed when the obligation for those payments is incurred and are included in lease expenses recorded in selling and administrative expenses on the Consolidated Statements of Operations.

We have lease agreements with both lease and non-lease components that are treated as a single lease component for all underlying asset classes. Accordingly, all expenses associated with a lease contract are accounted for as lease expenses.

Leases with a term of 12 months or less are not recognized on the balance sheet, but rather expensed on a straight-line basis over the lease term. We do not include significant restrictions or covenants in our lease agreements, and residual value guarantees are generally not included within our operating leases. As of December 31, 2025, we did not have any material additional operating leases that have not yet commenced.

Derivative Financial Instruments

Derivative instruments are recorded on the balance sheet as either an asset or liability measured at their fair value. If the derivative is designated as a fair value hedge, the changes in the fair value of the derivative and of the hedged item attributable to the hedged risk are recognized in earnings. If the derivative is designated as a cash flow hedge, the effective portions of the changes in the fair value of the derivative are recorded as a component of AOCL and recognized in the Consolidated Statements of Operations when the hedged item affects earnings. The ineffective portions of the changes in the fair value of cash flow hedges are recognized in earnings. If the derivative is designated as a net investment hedge in a foreign operation, the changes in the fair value of the derivative are recognized in cumulative translation adjustment ("CTA") within other comprehensive income and held there until the hedged net investment is sold or liquidated. At that point, the amount recognized in CTA is reclassified to earnings and reported in the same line item as the gain or loss on the liquidation of the net investment.

Foreign Currency Translation

Asset and liability accounts are translated at the current exchange rates and income statement items are translated at the average exchange rates each month. The resulting translation adjustments are recorded as a component of AOCL, which is included in shareholders’ equity.

As of July 1, 2018, the Argentina economy was designated as highly-inflationary and was treated as such for accounting purposes for all periods presented.

A portion of our Euro-denominated notes is accounted for as a hedge of our net investment in our subsidiaries with a Euro-functional currency. For this portion of the Euro-denominated notes, since our net investment in these subsidiaries exceeds the amount of the related borrowings, net of tax, the related translation gains or losses are included as a component of AOCL.

Shareholders' Equity

Shareholders’ Equity

The Board of Directors authorized the repurchase of 5.0 million and 4.0 million shares of our common stock in August 2023 and August 2021, respectively. Share repurchases may be made from time to time through a variety of methods, including open market purchases, block transactions, privately negotiated transactions or similar facilities. In 2025, we repurchased a total of 0.7 million shares under the 2023 authorization, at a total cost of $37.5 including excise tax on share repurchases of $0.5. In 2024, we repurchased a total of 2.0 million shares under the 2023 authorization, at a total cost of $140.9 including excise tax on share repurchases of $0.9. In 2023, we repurchased a total of 2.4 million shares comprised of 2.0 million shares under the 2021 authorization and 0.4 million shares under the 2023 authorization, at a total cost of $181.5 including excise tax on share repurchases of $1.7. As of December 31, 2025, there were 1.9 million shares remaining authorized for repurchase under the 2023 authorization and no shares remaining authorized for repurchase under the 2021 authorization.

During 2025, 2024 and 2023, the Board of Directors declared total cash dividends of $1.44, $3.08 and $2.94 per share, respectively, resulting in total dividend payments of $66.7, $145.8 and $144.3, respectively.

Noncontrolling interests, included in total shareholders' equity in our Consolidated Balance Sheets, represent amounts related to majority-owned subsidiaries in which we have a controlling financial interest. Net earnings attributable to these noncontrolling interests are recorded in interest and other expenses in our Consolidated Statements of Operations. We recorded income of $0.2 for 2025 and expenses of $0.3 and $0.4 for 2024 and 2023, respectively.

Cash and Cash Equivalents

Cash and cash equivalents comprise cash on hand, term deposits with banks and short-term highly-liquid financial investments that are readily convertible to known amounts of cash which are subject to insignificant risk of changes in value; and have a maturity of three months or less from the date of acquisition.

Accounting Standards Effective as of January 1, 2024

Accounting Standards Effective in 2025

In December 2023, the FASB issued a final standard on improvements to income tax disclosures. The guidance requires that public entities on an annual basis disclose disaggregated information about the rate reconciliation as well as income taxes paid. We adopted the new guidance for our 2025 annual disclosures on a prospective basis. See Note 5 to the Consolidated Financial Statements for more information.

Recently Issued Accounting Standards

In November 2024, the FASB issued new guidance on disaggregation of income statement expenses. The guidance requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement, as well as disclosures about selling expenses. The guidance is effective for our 2027 annual financial statements and can be adopted prospectively or retrospectively. Adoption of this guidance will not have a material impact on our Consolidated Financial Statements.

In September 2025, the FASB issued new guidance on internal-use software. The guidance removes the requirement to evaluate costs by development stage and allows capitalization to begin once management commits funding and completion is probable. The new standard is effective as of January 1, 2028, with early adoption permitted. It may be adopted prospectively or retrospectively. We are currently assessing the impact of this guidance on our Consolidated Financial Statements.

In November 2025, the FASB issued new guidance on hedge accounting. The guidance provides additional requirements in five areas: similar risk assessment, treatment of Choose-Your-Rate debt, nonfinancial forecasted transactions, net written options, and dual-hedging foreign-currency-denominated debt. The guidance is effective for us as of January 1, 2027. Adoption of this guidance will not have a material impact on our Consolidated Financial Statements.

In December 2025, the FASB issued new guidance on government grants. The guidance requires entities to recognize government grants when they meet the conditions for receipt and to present them either as a reduction of related expenses or as other income, based on the nature of the grant. It also requires specific disclosures about the nature, terms, and amounts of government grants received. The guidance is effective for us as of January 1, 2029. Adoption of this guidance will not have a material impact on our Consolidated Financial Statements.

In December 2025, the FASB issued new guidance on interim reporting. The guidance clarifies which annual disclosures must be repeated in interim periods, aligns interim reporting guidance with other recent standards, and simplifies certain interim presentation requirements. The guidance is effective for us as of January 1, 2028. Adoption of this guidance will not have a material impact on our Consolidated Financial Statements.

Cybersecurity Risk Management, Strategy and Governance	12 Months Ended
Cybersecurity Risk Management, Strategy and Governance	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Item 1C. Cybersecurity We have an enterprise-wide information security program designed to identify, protect, detect, and respond to and manage reasonably foreseeable cybersecurity risks and threats. To protect our information systems from cybersecurity threats, we use various security tools that help prevent, detect, escalate, investigate, and remediate identified risks and security incidents in a timely manner. We also maintain a third-party security program to identify, prioritize, assess, mitigate, and remediate third-party risks; however, we often rely on the third parties we use to implement security programs commensurate with their risk, and we cannot ensure in all circumstances that their efforts will be successful. We regularly assess risks from cybersecurity and technology threats and monitor our information systems for potential vulnerabilities. We use a widely adopted risk quantification model to identify, measure and prioritize cybersecurity and technology risks and develop related security controls and safeguards. We conduct regular reviews and tests of our information security controls and leverage audits by our internal audit team, tabletop exercises, penetration and vulnerability testing, red team exercises, and other exercises to evaluate the effectiveness of our information security program and improve our security measures and planning. We also engage an independent industry recognized security service provider to conduct an annual red team assessment of our security controls, as well as third-party penetration testing of our information systems. The results of these assessments are reported to senior management and the Audit Committee of the Board of Directors. Our systems periodically experience directed attacks intended to lead to interruptions and delays in our operations and the services we provide to clients as well as loss, misuse or theft of personal information (candidates, associates, vendors, clients and employees) and other data, confidential information or intellectual property, and we have experienced data exposures in the past. However, to date these incidents have not materially affected nor are these specific prior incidents reasonably likely to materially affect the company, including its business strategy, results of operations, or financial condition. Any significant disruption to our services or access to our systems could result in a loss of clients and adversely affect our business and results of operations. Further, a penetration of our information systems or a third-party’s information systems or other misappropriation or misuse of personal information could subject us to business, regulatory, litigation and reputation risk, which could have a negative effect on our business, financial condition, and results of operations. See Item 1A of Part I, “Risk Factors,” under the heading “We could incur liabilities or suffer reputational damage from a cyberattack or improper disclosure or loss of personal or confidential data, and our use of data is subject to complex and ever-changing privacy and cybersecurity legal requirements that could negatively impact our business or subject us to claims and/or fines for non-compliance,” which should be read in conjunction with the information above. The Chief Information Security Officer (CISO) leads our global information security organization responsible for overseeing the Company’s information security program. Our CISO has over 30 years of industry experience, including serving in similar roles leading and overseeing cybersecurity programs at other public companies. Team members who support our information security program have relevant educational and industry experience, including holding similar positions at various technology companies. The global information security organization provides regular reports to senior management on various cybersecurity threats, assessments and findings. The Audit Committee of the Board of Directors oversees our annual enterprise risk assessment, where we assess key risks within the company, including security and technology risks and cybersecurity threats. The Audit Committee of the Board of Directors oversees our cybersecurity risk and regularly receives reports from our CISO on various cybersecurity matters, including risk assessments, mitigation strategies, areas of emerging risks, incidents and industry trends, and other areas of importance.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	The Chief Information Security Officer (CISO) leads our global information security organization responsible for overseeing the Company’s information security program. Our CISO has over 30 years of industry experience, including serving in similar roles leading and overseeing cybersecurity programs at other public companies. Team members who support our information security program have relevant educational and industry experience, including holding similar positions at various technology companies. The global information security organization provides regular reports to senior management on various cybersecurity threats, assessments and findings. The Audit Committee of the Board of Directors oversees our annual enterprise risk assessment, where we assess key risks within the company, including security and technology risks and cybersecurity threats. The Audit Committee of the Board of Directors oversees our cybersecurity risk and regularly receives reports from our CISO on various cybersecurity matters, including risk assessments, mitigation strategies, areas of emerging risks, incidents and industry trends, and other areas of importance.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Audit Committee of the Board of Directors oversees our cybersecurity risk and regularly receives reports from our CISO on various cybersecurity matters, including risk assessments, mitigation strategies, areas of emerging risks, incidents and industry trends, and other areas of importance.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Audit Committee of the Board of Directors oversees our cybersecurity risk and regularly receives reports from our CISO on various cybersecurity matters, including risk assessments, mitigation strategies, areas of emerging risks, incidents and industry trends, and other areas of importance.
Cybersecurity Risk Role of Management [Text Block]	The Chief Information Security Officer (CISO) leads our global information security organization responsible for overseeing the Company’s information security program. Our CISO has over 30 years of industry experience, including serving in similar roles leading and overseeing cybersecurity programs at other public companies. Team members who support our information security program have relevant educational and industry experience, including holding similar positions at various technology companies. The global information security organization provides regular reports to senior management on various cybersecurity threats, assessments and findings
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The Chief Information Security Officer (CISO) leads our global information security organization responsible for overseeing the Company’s information security program.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our CISO has over 30 years of industry experience, including serving in similar roles leading and overseeing cybersecurity programs at other public companies. Team members who support our information security program have relevant educational and industry experience, including holding similar positions at various technology companies. The global information security organization provides regular reports to senior management on various cybersecurity threats, assessments and findings.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The global information security organization provides regular reports to senior management on various cybersecurity threats, assessments and findings.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Income Taxes - Schedule of Earnings (loss) before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
United States	$ (4.3)	$ 10.8	$ 40.7
Non-United States	97.7	246.0	165.2
Total earnings before income taxes	$ 93.4	$ 256.8	$ 205.9

Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.

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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2025	Feb. 19, 2026	Jun. 30, 2025
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2025
Document Fiscal Year Focus	2025
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Entity Registrant Name	MANPOWERGROUP INC.
Entity Central Index Key	0000871763
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
ICFR Auditor Attestation Flag	true
Entity Well-known Seasoned Issuer	Yes
Entity Public Float			$ 1,870,022,393
Entity Common Stock, Shares Outstanding		46,419,646
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	MAN
Security Exchange Name	NYSE
Entity File Number	1-10686
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-1672779
Entity Address, Address Line One	100 manpower place
Entity Address, City or Town	milwaukee
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53212
City Area Code	414
Local Phone Number	961-1000
Document Financial Statement Error Correction [Flag]	false
Document Annual Report	true
Document Transition Report	false
Auditor Opinion [Text Block]	We have audited the internal control over financial reporting of ManpowerGroup Inc. and subsidiaries (the "Company") as of December 31, 2025, based on criteria established in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control — Integrated Framework (2013) issued by COSO. We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated financial statements as of and for the year ended December 31, 2025 of the Company and our report dated February 23, 2026, expressed an unqualified opinion on those financial statements.
Documents Incorporated by Reference	Part III is incorporated by reference from the Proxy Statement for the Annual Meeting of Shareholders to be held on May 8, 2026.
Auditor Name	Deloitte & Touche LLP
Auditor Location	Milwaukee, WI
Auditor Firm ID	34

Interest and Other Expenses, Net - Schedule of Interest and Other Expenses, Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Other Nonoperating Income (Expense) [Abstract]
Interest expense	$ 95.4	$ 90.0	$ 79.7
Interest income	(27.8)	(33.3)	(34.2)
Foreign exchange loss	6.5	6.2	21.8
Miscellaneous income, net	(17.4)	(13.7)	(17.4)
Interest and other expenses, net	$ 56.7	$ 49.2	$ 49.9

Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense.

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Summary of Significant Accounting Policies - Additional Information (Details)
$ in Millions

12 Months Ended

Dec. 31, 2025

USD ($)

Office

Country

Dec. 31, 2024

USD ($)

Dec. 31, 2023

USD ($)

Number of offices worldwide (over) | Office

2,100

Number of countries and territories | Country

Investments value

$ 100.2

$ 103.9

Unremitted earning from investments

$ 6.5

16.9

Payment terms

60 days

Description of timing

Our client contracts are generally short-term in nature with a term of one year or less. The timing between satisfaction of the performance obligation, invoicing and payment is not significant.

Deferred revenue

$ 45.6

30.3

Exceeded fair value

10.00%

Advertising expenses

$ 28.1

28.3

$ 28.9

Costs paid, utilized or transferred

72.9

93.7

Reserve will be paid by end of period

35.1

Consolidated amortization expense related to intangibles

31.3

^[1]

32.7

^[2]

34.6

^[3]

27.9

27.1

27.1

26.8

26.3

Goodwill, Impairment Loss

88.7

^[4]

0.0

55.1

Net capitalized software balance

1,544.6

^[5],[6]

1,563.4

^[5],[6]

1,586.8

$ 39.3

36.5

Asset Impairment Charges

2.2

Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration]

Property, Plant and Equipment, Net

Costs paid or utilized

$ 72.9

93.7

Restructuring reserve

35.1

Cloud Computing Arrangements

Unamortized Implementation Costs

$ 166.5

$ 110.8

54.6

Buildings

Estimated useful lives

40 years

Minimum

Minimum | Furniture, Fixtures, and Autos

Remaining lease terms

1 month

Estimated useful lives

3 years

Maximum

Maximum | Computer Equipment

Remaining lease terms

14 years

Estimated useful lives

16 years

Customer relationships

Computer software | Minimum

Useful life

15 years

5 years

Computer software | Maximum

Useful life

3 years

Euro-denominated notes | Estimate of fair value measurement | Significant Other Observable Inputs (Level 2)

Useful life

10 years

Carrying value of long-term debt

$ 1,645.3

$ 928.5

Euro-denominated notes | Carrying value | Significant Other Observable Inputs (Level 2)

Carrying value of long-term debt

1,639.0

928.4

Selling and Administrative Expenses

Amortization expense related to capitalized software cost

Net restructuring costs

64.2

53.6

149.2

$ 17.2

$ 15.8

$ 13.8

North America | Terminal Value OUP Margin

5.00%

United Kingdom

11.40%

United Kingdom | Terminal Value OUP Margin

$ 78.0

United Kingdom | Northern Europe

0.50%

Goodwill, Impairment Loss

$ 33.4

United Kingdom | Minimum

8.40%

United Kingdom | Maximum

10.00%

Switzerland

11.20%

Switzerland | Terminal Value Revenue Growth Rate

$ 35.5

Switzerland | Southern Europe

3.00%

Goodwill, Impairment Loss

13.70%

$ 24.7

Asset Impairment Charges

$ 30.6

Switzerland | Minimum

Switzerland | Minimum | Terminal Value OUP Margin

12.00%

1.00%

Switzerland | Maximum

Switzerland | Maximum | Terminal Value OUP Margin

12.40%

4.00%

United States

9.40%

United States | Minimum

1.70%

United States | Maximum

Revenue from Contract with Customer [Abstract]

8.00%

[1]	Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.
[2]	Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.
[3]	Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.
[4]	Impairment charges for the year ended December 31, 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.
[5]	Balances were net of accumulated impairment loss of $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 January 1, 2024 and December 31, 2024; and $807.4 ($24.7 related to Southern Europe, $265.5 related to Northern Europe, $3.8 related to APME, $235.2 related to Right Management and $278.2 related to Corporate) as of December 31, 2025.
[6]	Balances were net of accumulated impairment loss of $807.4 and $749.3 as of December 31, 2025 and 2024, respectively.

Acquisitions and Dispositions - Additional Information (Details) - USD ($) $ in Millions						12 Months Ended
	May 31, 2025	May 30, 2025	Nov. 01, 2024	Oct. 15, 2024	Sep. 29, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Cash consideration for acquisitions						$ 2.3	$ 7.7	$ 0.0
Goodwill acquired during the period						0.9	1.4
Cash proceeds for segment consideration			$ 20.6	$ 0.1	$ 6.5
Net loss on disposition			0.4	7.7
KOREA
Business Acquisition [Line Items]
Revenues								$ 349.9
APME
Business Acquisition [Line Items]
Net loss on disposition	$ 1.4
Northern Europe [Member]
Business Acquisition [Line Items]
Disposition of business		$ 1.4
Net loss on disposition		$ 4.8
Interest and Other Expenses (Income), Net
Business Acquisition [Line Items]
Net loss on disposition			3.7	2.8	$ 1.3
Interest and Other Expenses (Income), Net \| APME
Business Acquisition [Line Items]
Net loss on disposition						1.2
Interest and Other Expenses (Income), Net \| Northern Europe [Member]
Business Acquisition [Line Items]
Net loss on disposition						2.6
Selling and Administrative Expenses
Business Acquisition [Line Items]
Net loss on disposition			$ 3.3	$ 4.9
Selling and Administrative Expenses \| APME
Business Acquisition [Line Items]
Net loss on disposition						0.2
Selling and Administrative Expenses \| Northern Europe [Member]
Business Acquisition [Line Items]
Net loss on disposition						2.2
2021 Acquisitions Excluding Ettain Group [Member]
Business Acquisition [Line Items]
Goodwill acquired during the period						0.9	1.4
Intangible assets acquired during the period						$ 0.0	$ 3.1

Retirement and Deferred Compensation Plans - Schedule of Fair Value of Pension Plan Assets by Asset Category (Details) - Pension Plan [Member] - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 135.1	$ 150.7	$ 154.3
Non-United States Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	670.8	586.1	$ 596.3
Non-United States Plans \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	226.4	175.8
Non-United States Plans \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	309.3	259.6
Non-United States Plans \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	135.1	150.7
Cash and cash equivalents \| Non-United States Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	12.5	3.0
Cash and cash equivalents \| Non-United States Plans \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	12.5	3.0
Cash and cash equivalents \| Non-United States Plans \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Cash and cash equivalents \| Non-United States Plans \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Mutual funds \| Non-United States Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	178.0	142.7
Mutual funds \| Non-United States Plans \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	178.0	142.7
Mutual funds \| Non-United States Plans \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Mutual funds \| Non-United States Plans \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Common stock \| Non-United States Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	35.9	30.1
Common stock \| Non-United States Plans \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	35.9	30.1
Common stock \| Non-United States Plans \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Common stock \| Non-United States Plans \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Fixed income funds \| Non-United States Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	151.7	123.8
Fixed income funds \| Non-United States Plans \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Fixed income funds \| Non-United States Plans \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	151.7	123.8
Fixed income funds \| Non-United States Plans \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Annuity contract \| Non-United States Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	32.4	31.4
Annuity contract \| Non-United States Plans \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Annuity contract \| Non-United States Plans \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Annuity contract \| Non-United States Plans \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	32.4	31.4
Guaranteed insurance contracts \| Non-United States Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	30.2	25.6
Guaranteed insurance contracts \| Non-United States Plans \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Guaranteed insurance contracts \| Non-United States Plans \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	30.2	25.6
Guaranteed insurance contracts \| Non-United States Plans \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Insurance contracts \| Non-United States Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	76.0	80.9
Insurance contracts \| Non-United States Plans \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Insurance contracts \| Non-United States Plans \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Insurance contracts \| Non-United States Plans \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	76.0	80.9
Real estate funds \| Non-United States Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	102.7	96.4
Real estate funds \| Non-United States Plans \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Real estate funds \| Non-United States Plans \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	101.3	95.1
Real estate funds \| Non-United States Plans \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1.4	1.3
Hedge funds \| Non-United States Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	27.3	29.0
Hedge funds \| Non-United States Plans \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Hedge funds \| Non-United States Plans \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	21.7	11.5
Hedge funds \| Non-United States Plans \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	5.6	17.5
Other \| Non-United States Plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	24.1	23.2
Other \| Non-United States Plans \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.0	0.0
Other \| Non-United States Plans \| Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	4.4	3.6
Other \| Non-United States Plans \| Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 19.7	$ 19.6

Income Taxes - Deferred Income Taxes Temporary Differences (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Future Income Tax Benefits (Expense)
Accrued payroll taxes and insurance	$ 11.8	$ 11.5
Employee compensation payable	41.2	40.9
Pension and postretirement benefits	71.4	66.9
Intangible assets	(132.6)	(130.9)
Repatriation of non-United States earnings	(31.3)	(24.2)
Loans denominated in foreign currencies	15.8	(4.8)
Operating lease ROU assets	(99.6)	(95.1)
Operating lease liabilities	104.6	90.8
Tax credit and other carryforwards	87.1	59.2
Tax loss carryforwards	264.5	212.1
Other	108.3	115.9
Valuation allowance	(262.5)	(222.9)
Total future tax benefits	178.7	119.4
Deferred tax asset	185.0	135.0
Deferred tax liability	(6.3)	(15.6)
Total future tax benefits	$ 178.7	$ 119.4

Segment Data (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Data

Total assets for the segments are reported after the elimination of investments in subsidiaries and intercompany accounts.


Year Ended December 31, 2025	Revenue			Cost of Services			Selling and Administrative Expenses			OUP
Americas:
United States(a)	$	2,735.4		$	2,039.5		$	629.9		$	66.0
Other Americas		1,613.4			1,368.0			174.5			70.9
		4,348.8			3,407.5			804.4			136.9
Southern Europe:
France		4,459.4			3,831.8			517.7			109.9
Italy		1,822.1			1,533.3			173.0			115.8
Other Southern Europe		2,154.8			1,871.2			248.7			34.9
		8,436.3			7,236.3			939.4			260.6
Northern Europe		3,161.1			2,639.2			565.2			(43.3	)
APME		2,041.9			1,701.4			239.9			100.6
Total Segments		17,988.1			14,984.4			2,548.9			454.8
Intercompany Eliminations		(31.0	)		(24.9	)		(6.1	)		—
	$	17,957.1		$	14,959.5		$	2,542.8		$	454.8
Reconciliation of operating unit profit (segment OUP)
Corporate expenses										$	(184.7	)
Impairment charges(b)											(88.7	)
Intangible asset amortization expense(c)											(31.3	)
Operating profit											150.1
Interest and other expenses, net										$	(56.7	)
Earnings before income taxes										$	93.4

(a)

The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $10.1 for 2025.

(b)

Impairment charges for the year ended December 31, 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.


Year Ended December 31, 2025	Total Assets		Long-lived Assets(a)		Depreciation and Amortization Expense

Americas:
United States	$	2,973.4	$	76.4	$	9.2
Other Americas		547.6		15.0		2.4
		3,521.0		91.4		11.6
Southern Europe:
France		2,236.5		180.5		15.5
Italy		555.2		50.1		2.1
Other Southern Europe		893.3		50.2		4.4
		3,685.0		280.8		22.0
Northern Europe		443.9		117.2		11.8
APME		668.2		55.4		5.8
Corporate(b)		842.0		10.4		3.5
Intangible asset amortization expense(c)		—		—		31.3
	$	9,160.1	$	555.2	$	86.0

(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 assets were purchased intangibles and cash, including the proceeds from the €500.0 Euro notes issued in December 2025.

(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, 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:(b)
France		4,531.5			3,873.8			508.2			149.5
Italy		1,677.0			1,398.1			165.8			113.1
Other Southern Europe		2,009.8			1,745.7			222.6			41.5
		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	)
Intangible asset amortization expense(c)											(32.7	)
Operating profit											306.0
Interest and other expenses, net											(49.2	)
Earnings before income taxes										$	256.8

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)

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.


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:(b)
France		2,021.2		171.8		15.2
Italy		479.3		45.6		2.0
Other Southern Europe		790.9		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(c)		329.2		7.5		4.1
Intangible asset amortization expense(d)		—		—		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)

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's total assets.

(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, 2023	Revenue			Cost of Services			Selling and Administrative Expenses		OUP
Americas:(a)
United States	$	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:(b)
France		4,790.1			4,076.7			526.6		186.8
Italy		1,708.8			1,418.4			165.7		124.7
Other Southern Europe		2,016.4			1,731.8			238.4		46.2
		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)

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.

(b)

(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:
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:(b)
France		2,222.4		182.9		12.7
Italy		487.0		50.6		2.2
Other Southern Europe		831.6		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, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco's total assets.

(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.

Income Taxes - Summary of Unrecognized Tax Benefit Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Gross unrecognized tax benefits, beginning of year	$ 34.7	$ 31.1	$ 76.3
Increases in prior year tax positions	5.6	6.5	4.6
Decreases in prior year tax positions	(0.4)	(0.6)	(1.2)
Increases for current year tax positions	2.4	2.2	2.6
Expiration of statute of limitations and audit settlements	(2.5)	(4.5)	(51.2)
Gross unrecognized tax benefits, end of year	39.8	34.7	31.1
Potential interest and penalties	1.6	1.4	1.7
Balance, end of year	$ 41.4	$ 36.1	$ 32.8

Revenue Recognition

12 Months Ended

Dec. 31, 2025

Revenue Recognition

(2) Revenue Recognition

Revenue Service Types

The following is a description of our revenue service types, including Staffing and Interim, Outcome-Based Solutions and Consulting, Permanent Recruitment and Other services.

Staffing and Interim

Staffing and Interim services include the augmentation of clients’ workforce with our contingent employees performing services under the client’s supervision, which provides our clients with a source of flexible labor. Staffing and Interim client contracts are generally short-term in nature, and we generally enter into contracts that include only a single performance obligation. We recognize revenues over time based on a fixed amount for each hour of Staffing and Interim service provided as our clients benefit from our services as we provide them.

Outcome-Based Solutions and Consulting

Our Outcome-Based Solutions and Consulting services include utilizing consultants and contingent employees who are generally experts in a specific field advising the client to help find strategic solutions to specific matters or achieve a particular outcome. Our services may also include managing certain processes and functions within the client’s organization. We recognize revenues over time based on (i) our clients benefiting from our services as we are providing them, (ii) our clients controlling an asset as it is created or enhanced, or (iii) our performance not creating an asset with an alternative use and having an enforceable right to payment for the services we have provided to date. We generally utilize an input measure of time for the service provided, which most accurately depicts the progress toward completion of these performance obligations. The price as specified in our client contracts is generally considered the standalone selling price as it is an observable input that depicts the price as if sold to a similar client in similar circumstances.

Permanent Recruitment

Permanent Recruitment services include providing qualified candidates to our clients to hire on a permanent basis. We recognize revenues for our Permanent Recruitment services at a point in time when we place the qualified candidate, because we have determined that control of the performance obligation has transferred to the client (i.e., service performed) as we have the right to payment for our service and the client has accepted our service of providing a qualified candidate to fill a permanent position. Revenues recognized from our Permanent Recruitment services are based upon either a fixed fee per placement or as a percentage of the candidate’s salary.

Our RPO services, which include RPO management services and placement services, are also included in our Permanent Recruitment revenues. RPO management services include the various activities of managing a client's permanent workforce, which can include candidate assessments, screening, conducting candidate interviews, providing sourcing technology, and providing our marketing and recruiting expertise. We perform these activities to fulfill the overall obligation to provide permanent workforce management services, so they are not individually distinct, and therefore, we account for them as a single performance obligation. We generally utilize an input measure of time in months, but we do have a few contracts for which we use labor hours of management services provided as this more accurately depicts the progress toward completion of the performance obligation. We recognize revenues over time for each month of management services provided, as each month of management services is distinct, and the client benefits from each month of management services as we provide them. For those contracts for which we use labor hours as the input measure, we recognize revenues over time based on a fixed amount for each labor hour of management services provided as our clients benefit from our services as we provide them.

We consider the RPO management services and placement services to be distinct, and therefore separate performance obligations within our RPO contracts as (i) our clients can benefit from each service on its own, and (ii) each service is separately identifiable within the client contract. The prices as specified in our contracts will generally be broken out between management fees and placement fees, which we consider the standalone selling price of each service as they are the observable inputs which depict the prices as if they were sold to a similar client in similar circumstances. The consideration from our client contracts is allocated to each performance obligation based on the relative standalone selling price.

Other Services

Other services include revenues from outplacement services, MSP services, training services and franchise fees.

•

Outplacement services include assisting our clients in managing their workforce transitions and their employees in managing career changes by developing additional skills and finding new employment. We recognize revenues over time as we provide the service (i.e., transfer control of the performance obligation) using the input measure of hours of service to measure progress toward completion of the performance obligation.

•

MSP services include overall program management of our clients’ contingent workforce and generally include various activities such as reporting and tracking, supplier selection and management and order distribution, depending on each client contract. We provide these services to fulfill the overall obligation of contingent workforce management services so the individual activities are not distinct and therefore we account for them as a single performance obligation. We recognize revenues over time for each month of MSP services provided as each month of MSP services is distinct, and the client benefits from each month of MSP services as we provide them.

•

Training services include teaching skills that relate to specific competencies in order for our client’s workforce to acquire knowledge and develop skills proficiencies. We recognize revenues over time for each hour of training service provided as our clients benefit from our services as we provide them.

•

Our franchise fees include the performance obligation of providing the right to use our intellectual property in a specifically defined exclusive territory as defined in a franchise agreement. Our franchise agreements generally state that franchise fees are calculated based on a percentage of revenues earned by the franchise operations and are payable on a monthly basis. As such, we record franchise fee revenues monthly over time calculated based on the specific fee percentage and the monthly revenues of the franchise operations. Franchise fees were $16.6, $14.4 and $14.8 for the years ended December 31, 2025, 2024 and 2023, respectively.

Disaggregation of Revenues

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, 2025

	Staffing and Interim		Outcome- Based Solutions and Consulting		Permanent Recruitment		Other		Total

Americas:
United States	$	2,438.2	$	10.6	$	110.0	$	176.6	$	2,735.4
Other Americas		1,497.0		66.3		37.6		12.5		1,613.4
		3,935.2		76.9		147.6		189.1		4,348.8
Southern Europe:
France		4,072.4		263.4		41.3		82.3		4,459.4
Italy		1,694.9		50.0		48.2		29.0		1,822.1
Other Southern Europe		1,740.5		320.7		56.3		37.3		2,154.8
		7,507.8		634.1		145.8		148.6		8,436.3
Northern Europe		2,731.0		231.0		100.4		98.7		3,161.1
APME		1,704.2		249.0		48.5		40.2		2,041.9
		15,878.2		1,191.0		442.3		476.6		17,988.1
Intercompany Eliminations										(31.0	)
Total									$	17,957.1


Year Ended December 31, 2024(ᵃ)

	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
Other Americas		1,350.6		54.2		43.0		10.5		1,458.3
		3,805.1		65.5		169.1		185.2		4,224.9
Southern Europe:
France		4,136.6		264.1		49.4		81.4		4,531.5
Italy		1,561.5		36.0		48.0		31.5		1,677.0
Other Southern Europe		1,613.3		314.1		50.8		31.6		2,009.8
		7,311.4		614.2		148.2		144.5		8,218.3
Northern Europe		2,814.0		257.2		121.5		111.6		3,304.3
APME		1,746.1		321.9		52.8		40.5		2,161.3
		15,676.6		1,258.8		491.6		481.8		17,908.8
Intercompany Eliminations										(54.9	)
Total									$	17,853.9

(a)


Year Ended December 31, 2023(ᵃ)

	Staffing and Interim		Outcome- Based Solutions and Consulting		Permanent Recruitment		Other		Total

Americas:
United States	$	2,552.5	$	18.3	$	132.7	$	162.7	$	2,866.2
Other Americas		1,442.6		49.4		47.2		9.4		1,548.6
		3,995.1		67.7		179.9		172.1		4,414.8
Southern Europe:
France		4,393.5		267.7		58.9		70.0		4,790.1
Italy		1,590.1		36.9		55.0		26.8		1,708.8
Other Southern Europe		1,608.4		320.9		58.9		28.2		2,016.4
		7,592.0		625.5		172.8		125.0		8,515.3
Northern Europe		3,160.2		332.5		153.2		102.1		3,748.0
APME		1,781.8		386.3		109.4		44.8		2,322.3
		16,529.1		1,412.0		615.3		444.0		19,000.4
Intercompany Eliminations										(85.9	)
Total									$	18,914.5

(a)


	Year Ended December 31,

	2025							2024(a)							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			Services transferred over time		Services transferred at a point in time		Total

Americas:
United States	$	2,678.0	$	57.4	$	2,735.4		$	2,695.4	$	71.2	$	2,766.6		$	2,789.8	$	76.4	$	2,866.2
Other Americas		1,592.5		20.9		1,613.4			1,432.0		26.3		1,458.3			1,518.8		29.8		1,548.6
		4,270.5		78.3		4,348.8			4,127.4		97.5		4,224.9			4,308.6		106.2		4,414.8
Southern Europe:
France		4,421.6		37.8		4,459.4			4,486.7		44.8		4,531.5			4,753.3		36.8		4,790.1
Italy		1,777.2		44.9		1,822.1			1,632.6		44.4		1,677.0			1,657.8		51.0		1,708.8
Other Southern Europe		2,111.0		43.8		2,154.8			1,967.2		42.6		2,009.8			1,952.3		64.1		2,016.4
		8,309.8		126.5		8,436.3			8,086.5		131.8		8,218.3			8,363.4		151.9		8,515.3
Northern Europe		3,084.6		76.5		3,161.1			3,208.9		95.4		3,304.3			3,627.5		120.5		3,748.0
APME		2,000.0		41.9		2,041.9			2,116.2		45.1		2,161.3			2,255.2		67.1		2,322.3
		17,664.9		323.2		17,988.1			17,539.0		369.8		17,908.8			18,554.7		445.7		19,000.4
Intercompany Eliminations						(31.0	)						(54.9	)						(85.9	)
Total					$	17,957.1						$	17,853.9						$	18,914.5

(a)

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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Debt - Schedule of Short-Term Borrowings (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Debt Disclosure [Abstract]
Short-term borrowings	$ 34.6	$ 21.0
Weighted-average interest rates	13.30%	33.30%

Income Taxes

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Income Taxes

(5) Income Taxes

The earnings (loss) before income taxes was as follows:


Year Ended December 31	2025			2024		2023
United States	$	(4.3	)	$	10.8	$	40.7
Non-United States		97.7			246.0		165.2
Total earnings before income taxes	$	93.4		$	256.8	$	205.9

The provision for income taxes was as follows:


Year Ended December 31	2025			2024			2023

Current
United States
Federal	$	31.6		$	2.4		$	(2.9	)
State		3.9			0.8			7.3
Non-United States		107.0			140.9			133.3
Total current		142.5			144.1			137.7
Deferred
United States
Federal		(34.2	)		(22.6	)		(8.6	)
State		(2.0	)		2.9			(4.0	)
Non-United States		0.4			(12.7	)		(8.0	)
Total deferred		(35.8	)		(32.4	)		(20.6	)
Total provision	$	106.7		$	111.7		$	117.1

The cash paid, net of refunds, for income taxes was as follows:


Year Ended December 31	2025
United States
Federal	$	32.2
States		1.1
Non-United States
France		50.4
Italy		9.6
Japan		14.7
Other, net		39.7
Total income taxes paid, net		147.7

A tax reconciliation, between taxes computed at the United States federal statutory rate of 21% and the consolidated effective tax rate for 2025 is as follows:


Year Ended December 31	2025
	Amount			Percent
Tax provision at the U.S. federal statutory rate	$	19.6			21.0	%
Foreign tax effects
France
Statutory income tax rate differential		4.6			4.9	%
Effects of changes in tax legislation(a)		10.8			11.6	%
French business tax(b)		9.3			10.0	%
Other, net		0.9			1.0	%
Germany
Statutory income tax rate differential		2.9			3.1	%
Change in valuation allowance		7.4			7.9	%
Other, net		1.1			1.2	%
Italy
Statutory income tax rate differential		2.1			2.2	%
Withholding Taxes		3.6			3.9	%
Italy Regional Production Tax		3.2			3.4	%
Other, net		0.8			0.9	%
United Kingdom
Goodwill Impairment(c)		6.4			6.9	%
Other, net		0.8			0.9	%
Switzerland
Goodwill Impairment(c)		5.2			5.6	%
Other, net		(1.5	)		(1.6	)%
Denmark
Nondeductible interest		3.6			3.9	%
Other, net		1.1			1.2	%
Netherlands
Change in valuation allowance		5.2			5.6	%
Other, net		(1.1	)		(1.2	)%
Japan
Statutory income tax rate differential		4.5			4.8	%
Other, net		(0.5	)		(0.5	)%
Other foreign jurisdictions, net		23.0			24.6	%
Effect of cross-border tax laws		4.4			4.7	%
State and local income taxes, net of federal benefit(d)		1.4			1.5	%
Tax Credits
Foreign Tax Credits		(8.5	)		(9.1	)%
General business tax credits(e)		(5.9	)		(6.3	)%
Change in valuation allowance		(0.7	)		(0.7	)%
Nontaxable or nondeductible items		5.6			6.0	%
Change in unrecognized tax benefits		2.6			2.8	%
Other, net		(5.2	)		(6.0	)%
Tax provision	$	106.7			114.2	%

(a)

In February 2025, the French Parliament approved the Finance Bill for 2025 which enacted an exceptional corporate income tax surcharge. In February 2026, the French government passed the Finance Bill for 2026 which includes a one-year extension of the exceptional corporate income tax surcharge.

(b)

The French business tax is allowed as a deduction for French income tax purposes. The gross amount of the French business tax was $11.8 for 2025. The $9.3 for 2025 represents the French business tax expense net of the French tax benefit using the United States federal rate of 21%. In addition to the previously mentioned exceptional surcharge, the Finance bill for 2025 included a three-year delay to the scheduled phase-out of the French business tax.

(c)

Non-deductible portion of the goodwill impairment charges recorded in Switzerland and the United Kingdom in 2025.

(d)

New York and Texas account for the majority of the state and local income tax expense.

(e)

The Work Opportunity Tax Credit expired on December 31, 2025.

A tax reconciliation between taxes computed at the United States federal statutory rate of 21% and the consolidated effective tax rate for 2024 and 2023 is as follows:


Year Ended December 31	2024			2023

Income tax based on statutory rate	$	53.9		$	43.2
Increase (decrease) resulting from:
Non-United States tax rate difference:
French business tax(a)		9.2			13.0
Other(b)		18.0			10.4
Repatriation of non-United States earnings		(5.8	)		4.6
State income taxes, net of federal benefit		3.6			2.0
Change in valuation allowance(c)		34.1			53.5
Work Opportunity Tax Credit		(4.6	)		(5.6	)
Foreign-Derived Intangible Income deduction		(3.6	)		(7.2	)
Goodwill impairment(d)		—			10.9
Change in unrecognized tax benefits(e)		(0.3	)		(14.4	)
Other, net		7.2			6.7
Tax provision	$	111.7		$	117.1

(a)

The French business tax is allowed as a deduction for French income tax purposes. The gross amount of the French business tax was $11.7, and $16.4 for 2024 and 2023 respectively. The $9.2 and $13.0 for 2024 and 2023, respectively, represent the French business tax expense net of the French tax benefit using the United States federal rate of 21%.

(b)

Included in Other Non-United States tax rate differences is the impact of all Non-United States pre-tax earnings and permanent tax differences at the local statutory tax rate versus the United States federal rate of 21%.

(c)

Losses incurred in 2024 and 2023 in Germany resulted in an increase in valuation allowance of $16.1 and $46.3, respectively.

(d)

Non-deductible portion of the goodwill impairment charges recorded in the Netherlands in 2023.

(e)

The 2023 amount includes a tax benefit of $10.8 resulting from an effective settlement of an audit.

Deferred income taxes are recorded based on temporary differences at the tax rate expected to be in effect when the temporary differences reverse. Temporary differences, which give rise to the deferred taxes, are as follows:


December 31	2025			2024

Future Income Tax Benefits (Expense)
Accrued payroll taxes and insurance	$	11.8		$	11.5
Employee compensation payable		41.2			40.9
Pension and postretirement benefits		71.4			66.9
Intangible assets		(132.6	)		(130.9	)
Repatriation of non-United States earnings		(31.3	)		(24.2	)
Loans denominated in foreign currencies		15.8			(4.8	)
Operating lease ROU assets		(99.6	)		(95.1	)
Operating lease liabilities		104.6			90.8
Tax credit and other carryforwards		87.1			59.2
Tax loss carryforwards		264.5			212.1
Other		108.3			115.9
Valuation allowance		(262.5	)		(222.9	)
Total future tax benefits	$	178.7		$	119.4
Deferred tax asset	$	185.0		$	135.0
Deferred tax liability		(6.3	)		(15.6	)
Total future tax benefits	$	178.7		$	119.4

The tax loss carryforward category includes capital loss carryforwards of $25.6 and $27.4 for 2025 and 2024, respectively, which are fully offset by valuation allowance due to the expiration of carryforwards and uncertain source of future capital gains. The tax credit and other carryforwards consist primarily of U.S. foreign and general business tax credits. A related valuation allowance of $13.4 was recorded as of December 31, 2025, as management believes that realization of certain tax credit carryforwards is unlikely.

We have not provided deferred taxes on $372.0 of accumulated unremitted earnings of non-United States subsidiaries that are considered indefinitely reinvested. We have not estimated the deferred tax liability on these earnings as such estimation is not practicable to determine or immaterial to the financial statements. As of December 31, 2025, deferred taxes for non-United States withholding and other taxes were provided on $1,662.1 of accumulated unremitted earnings of non-United States subsidiaries that may be remitted to the United States. As of December 31, 2025 and 2024, we have recorded a deferred tax liability of $28.2 and $25.9, respectively, related to these non-United States earnings that may be remitted.

We had United States federal and non-United States net operating loss carryforwards and United States state net operating loss carryforwards totaling $1,303.1 and $178.4, respectively, as of December 31, 2025. The net operating loss carryforwards expire as follows:


	United States Federal and Non-United States		United States State

2026		—		6.6
2027		0.2		5.6
2028		3.8		0.1
2029		7.1	3.1
2030		6.2	4.1
Thereafter		27.3		129.4
No expirations		1,258.5		29.5
Total net operating loss carryforwards	$	1,303.1	$	178.4

We have recorded a deferred tax asset of $238.9 as of December 31, 2025 for the benefit of these net operating losses. Realization of this asset is dependent on generating sufficient taxable income prior to the expiration of the loss carryforwards. A related valuation allowance of $206.8 was recorded as of December 31, 2025, due to the expiration of net operating loss carryforwards and uncertain source of future taxable income.

We had gross unrecognized tax benefits related to various tax jurisdictions, including interest and penalties, of $41.4, $36.1 and $32.8 in 2025, 2024 and 2023, respectively. If recognized, the entire amount would favorably affect the effective tax rate except for $10.0. Our unrecognized tax benefits decreased by $48.8 during 2023 primarily due to the effective settlement of an audit during the third quarter, which resulted in the recognition of a tax benefit of $10.8.

We recognize accrued interest and penalties related to unrecognized tax benefits in income tax expense. We accrued net interest and penalties of $0.4, $0.5 and $0.6 in 2025, 2024 and 2023, respectively. We reduced our accrued interest and penalties related to unrecognized tax benefits by $4.2 primarily due to the effectively settled income tax audit in the third quarter of 2023.

The following table summarizes the activity related to our unrecognized tax benefits during 2025, 2024, and 2023:


	2025			2024			2023

Gross unrecognized tax benefits, beginning of year	$	34.7		$	31.1		$	76.3
Increases in prior year tax positions		5.6			6.5			4.6
Decreases in prior year tax positions		(0.4	)		(0.6	)		(1.2	)
Increases for current year tax positions		2.4			2.2			2.6
Expiration of statute of limitations and audit settlements		(2.5	)		(4.5	)		(51.2	)
Gross unrecognized tax benefits, end of year	$	39.8		$	34.7		$	31.1
Potential interest and penalties		1.6			1.4			1.7
Balance, end of year	$	41.4		$	36.1		$	32.8

We conduct business globally in various countries and territories. We are routinely audited by the tax authorities of the various tax jurisdictions in which we operate. Generally, the tax years that could be subject to examination are 2018 through 2025 for our major operations in France, Italy, the United Kingdom and the United States. As of December 31, 2025, we were subject to tax audits in Germany, India, Israel, Spain and the United States.

The entire disclosure for income tax.

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Derivative Instruments and Hedging Activities Disclosure [Abstract]

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Derivative Financial Instruments

12 Months Ended

Dec. 31, 2025

Derivative Financial Instruments

(12) Derivative Financial Instruments

We are exposed to various market risks relating to our ongoing business operations. The primary market risks, which are managed using derivative instruments, are foreign currency exchange rate risk and interest rate risk. In certain circumstances, we enter into cross-currency swaps and foreign currency forward exchange contracts (“forward contracts”) to reduce the effects of fluctuating foreign currency exchange rates on our cash flows denominated in foreign currencies. Our exposure to market risk for changes in interest rates relates primarily to our long-term debt obligations. We have historically managed interest rate risk through the use of a combination of fixed and variable rate borrowings.

Net Investment Hedges

We use cross-currency swaps, forward contracts and a portion of our foreign currency denominated debt, a non-derivative financial instrument, to protect the value of our net investments in certain of our foreign subsidiaries. For derivative instruments that are designated and qualify as hedges of our net investments in foreign operations, the changes in fair values of the derivative instruments are recognized in foreign currency translation adjustments, a component of AOCL, to offset the changes in the values of the net investments being hedged. For non-derivative financial instruments that are designated and qualify as hedges of net investments in foreign operations, the change in the carrying value of the designated portion of the non-derivative financial instrument due to changes in foreign currency exchange rates is recorded in foreign currency translation adjustments.

The 2022 €400.0 ($468.3) notes due June 2027 and the 2018 €500.0 ($586.9) notes due June 2026 were designated as a hedge of our net investment in our foreign subsidiaries with a Euro-functional currency as of December 31, 2025. The 2025 €500.0 notes were designated as a hedge of our net investment in subsidiaries with a Euro-functional currency upon the redemption of the 2018 €500.0 notes due June 2026.

On September 10, 2025, we de-designated our previous cross-currency swap and entered into a new agreement under which we pay fixed-rate Swiss franc (“CHF”) and receive fixed-rate United States dollar (“USD”) payments. The new swap, designated as a net investment hedge of our foreign subsidiary with a CHF functional currency, includes modified terms such as a reset of the USD fixed rate and an extension of maturity. The notional amount of the swap is $413.8 and consists of three tranches, each representing one-third of the total notional amount, with staggered maturities on September 10, 2026, September 10, 2027 and September 11, 2028. The swap contains a significant financing component. Accordingly, future cash settlements related to the swap will be classified within financing activities in the Consolidated Statements of Cash Flows.

The new swap was designated as a net investment hedge under the spot method. At the time of de-designation, the total mark-to-market loss on the original swap was $99.6, of which $82.2 was related to currency effects and was recorded in foreign currency translation within AOCL. The remaining $17.4 represents the excluded component, which is being amortized into interest expense over the life of the new swap.

The effect of our net investment hedges on AOCL for the year ended December 31, 2025, and 2024 was as follows:


	Gain (Loss) Recognized in Other Comprehensive Income
	Year Ended December 31,


Instrument	2025			2024


Euro Notes	$	(125.3	)	$	61.5

Cross-currency swaps		12.0			36.2

Cash Flow Hedges

We use forward currency exchange contracts to hedge the changes in cash flows of certain operational expenses denominated in foreign currency due to changes in foreign currency exchange rates. The changes in fair value of the forward currency exchange contracts derivatives are recorded in AOCL and reclassified into earnings when the underlying operating expense is recognized in earnings.

In 2022, we entered into a forward starting interest rate swap agreement with a notional amount of €300.0 and a fixed rate of 1.936%, which was accounted for as a cash flow hedge to manage interest rate exposure related to our anticipated issuance of 2022 €400.0 notes. Upon the issuance of the notes, the swap was settled, resulting in a gain of $2.0, which was recorded in AOCL and is amortized over the term of the notes as an offset to interest expense.

The following table presents the impact that changes in the fair values of derivatives designated as cash flow hedges had on OCI, AOCL and earnings for the year ended December 31, 2025, and 2024:


						Gain (Loss) Reclassified
	Gain (Loss) Recognized in OCI					from AOCL into Income


	Year Ended December 31,				Location of Gain Reclassified	Year Ended December 31,


Instrument	2025		2024		from AOCL into Income	2025		2024

Forward starting interest swap		—		—	Interest and other expenses, net		0.3		0.3

We expect the net amount of pre-tax derivative gains and losses included in AOCL on December 31, 2025 to be reclassified into earnings over the next 12 months will not be significant. The actual amount that will be reclassified to earnings will vary due to future currency exchange rates.

Fair Value Hedges

We account for derivatives as fair value hedges when the hedged item is a recognized asset, liability, or firm commitment. We use cross currency swaps to hedge the changes in cash flows of certain of our foreign currency denominated intercompany notes due to changes in foreign currency exchange rates. We record the change in carrying value of the foreign currency denominated notes due to changes in exchange rates into earnings each period. The changes in fair value of the cross-currency swap derivatives are recorded in other comprehensive income/loss with an immediate reclassification into earnings for the change in fair value attributable to fluctuations in foreign currency exchange rates.

In April 2024, we settled our previous cross-currency swaps at maturity for a net cash inflow of $14.9 and entered into a new cross-currency swap with a maturity date of April 2027. The swaps hedge an intercompany fixed-rate CHF denominated note, including annual interest payments and the payment of remaining principal at maturity, by converting it to a fixed-rate Euro denominated note. The economic effect of the swaps is to eliminate the uncertainty of cash flows in CHF associated with the note by fixing the principal at €236.9 with a fixed annual interest rate of 3.45%.

In September 2024, we settled our previous cross-currency swaps at maturity for a net cash inflow of $1.6 and entered into a new cross currency swap with a maturity date of September 2027. The swaps hedge an intercompany fixed-rate CHF denominated note, including the annual interest payments and the payment of remaining principal at maturity, by converting it to a fixed-rate Euro denominated note. The economic effect of the swaps is to eliminate the uncertainty of cash flows in CHF associated with the note by fixing the principal at €63.6 with a fixed annual interest rate of 3.27%.

The following tables present the impact that the fair value hedges had on our Consolidated Statements of Operations for the year ended December 31, 2025 and 2024:


	Gain (Loss) Recognized in OCI						Gain (Loss) Recognized in Income
	Year Ended December 31,					Location of Gain (Loss)	Year Ended December 31,
Instrument	2025			2024		Recognized in Income	2025			2024
Intercompany CHF notes	$	—		$	—	Interest and other expenses, net	$	(3.5	)	$	3.8
Cross-currency swaps		(0.3	)		0.9	Interest and other expenses, net		3.5			(3.8	)

Non-Designated Instruments

We also use certain derivatives, which are not designated as hedging instruments, as economic hedges of foreign currency and interest rate exposure. For our forward contracts that are not designated as hedges, any gain or loss resulting from the change in fair value is recognized in current period earnings. These gains or losses are offset by the exposure related to receivables and payables with our foreign subsidiaries and to interest due on our Euro-denominated notes, which is paid annually in June. The effect of our forward contracts that are not designated as hedging instruments on the consolidated statements of operations for the year ended December 31, 2025 was as follows:


	Location of Gain	Gain (Loss) Recognized in Income
Instrument	Recognized in Income	Year Ended December 31,
		2025		2024
Foreign currency forward contracts	Interest and other expenses, net	$	1.5	$	(1.7	)

Derivative and Non-Derivative Assets and Liabilities

The following tables present the fair value of derivative and non-derivative assets and liabilities on the Consolidated Balance Sheets as of December 31, 2025, and 2024:


	Assets
		December 31,		December 31,
	Balance Sheet Location	2025		2024

Instruments designated as fair value hedges:
Cross-currency swaps	Accounts receivable, net	$	—	$	10.3
Cross-currency swaps	Other assets		14.6		—
Instruments designated as net investment hedges:
Cross-currency swaps	Accounts receivable, net		—		7.8
Total instruments		$	14.6	$	18.1


	Liabilities
		December 31,		December 31,
	Balance Sheet Location	2025		2024

Instruments designated as net investment hedges:
Euro Notes due in 2026	Short-term borrowings and current maturities of long-term debt	$	586.9	$	—
Euro Notes due in 2026	Long-term debt		—		516.6
Euro Notes due in 2027	Long-term debt		468.3		411.8
Cross-currency swaps	Accrued liabilities		33.1		44.8
Cross-currency swaps	Other long-term liabilities		69.8		—
Instruments not designated as hedges:
Foreign currency forward contracts	Accrued liabilities		0.8		0.7
Euro Notes due in 2030	Long-term debt		583.8		—
Total instruments		$	1,742.7	$	973.9

The fair value measurements of these items recorded in our Consolidated Balance Sheets for the years ended December 31, 2025 and 2024 are disclosed in Note 1 to the Consolidated Financial Statements.

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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Derivative Instruments and Hedging Activities Disclosure [Abstract]

Retirement and Deferred Compensation Plans - Schedule of Projected Benefit Payment Estimates (Details) $ in Millions	Dec. 31, 2025 USD ($)
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
2026	$ 72.7
2027	47.1
2028	38.0
2029	35.2
2030	36.3
2031-2035	201.7
Total projected benefit payments	431.0
Postretirement Health Coverage [Member]
Defined Benefit Plan Disclosure [Line Items]
2026	1.0
2027	1.0
2028	0.9
2029	0.9
2030	0.9
2031-2035	3.6
Total projected benefit payments	$ 8.3

Share-Based Compensation Plans - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Shares
Outstanding at beginning of period (in shares)	762,000	810,000	852,000
Granted (in shares)	0	0	0
Exercised (in shares)	0	0	(23,000)
Expired or cancelled (in shares)	(52,000)	(48,000)	(19,000)
Outstanding at end of period (in shares)	710	762,000	810,000
Exercisable (in shares)	710,000	730,000	706,000
Wtd. Avg. Exercise Price Per Share
Outstanding at beginning of period (in dollars per share)	$ 91	$ 90	$ 90
Exercised (in dollars per share)			76
Expired or cancelled (in dollars per share)	77	80	109
Outstanding at end of period (in dollars per share)	92	91	90
Exercisable (in dollars per share)	$ 92	$ 91	$ 90
Wtd. Avg. Remaining Contractual Term and Aggregate Intrinsic Value
Outstanding (in years)	2 years 10 months 24 days	3 years 8 months 12 days	4 years 4 months 24 days
Exercisable (in years)	2 years 10 months 24 days	3 years 6 months	4 years 1 month 6 days
Outstanding	$ 0	$ 0	$ 1
Exercisable	$ 0	$ 0	$ 1

Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Effect of Net Investment Hedges on AOCI

The effect of our net investment hedges on AOCL for the year ended December 31, 2025, and 2024 was as follows:


	Gain (Loss) Recognized in Other Comprehensive Income
	Year Ended December 31,


Instrument	2025			2024


Euro Notes	$	(125.3	)	$	61.5

Cross-currency swaps		12.0			36.2

Impact of Changes in Fair Values of Derivatives Designated as Cash Flow Hedges on OCI, AOCL and Earnings

The following table presents the impact that changes in the fair values of derivatives designated as cash flow hedges had on OCI, AOCL and earnings for the year ended December 31, 2025, and 2024:


						Gain (Loss) Reclassified
	Gain (Loss) Recognized in OCI					from AOCL into Income


	Year Ended December 31,				Location of Gain Reclassified	Year Ended December 31,


Instrument	2025		2024		from AOCL into Income	2025		2024

Forward starting interest swap		—		—	Interest and other expenses, net		0.3		0.3

Effect of Forward Contracts not Designated as Hedging Instrument consolidated statement of operations

The effect of our forward contracts that are not designated as hedging instruments on the consolidated statements of operations for the year ended December 31, 2025 was as follows:


	Location of Gain	Gain (Loss) Recognized in Income
Instrument	Recognized in Income	Year Ended December 31,
		2025		2024
Foreign currency forward contracts	Interest and other expenses, net	$	1.5	$	(1.7	)

Schedule of fair value hedges instruments

The following tables present the impact that the fair value hedges had on our Consolidated Statements of Operations for the year ended December 31, 2025 and 2024:


	Gain (Loss) Recognized in OCI						Gain (Loss) Recognized in Income
	Year Ended December 31,					Location of Gain (Loss)	Year Ended December 31,
Instrument	2025			2024		Recognized in Income	2025			2024
Intercompany CHF notes	$	—		$	—	Interest and other expenses, net	$	(3.5	)	$	3.8
Cross-currency swaps		(0.3	)		0.9	Interest and other expenses, net		3.5			(3.8	)

Fair Value of Derivative and Non-Derivative Assets and Liabilities on the Consolidated Balance Sheets

The following tables present the fair value of derivative and non-derivative assets and liabilities on the Consolidated Balance Sheets as of December 31, 2025, and 2024:


	Assets
		December 31,		December 31,
	Balance Sheet Location	2025		2024

Instruments designated as fair value hedges:
Cross-currency swaps	Accounts receivable, net	$	—	$	10.3
Cross-currency swaps	Other assets		14.6		—
Instruments designated as net investment hedges:
Cross-currency swaps	Accounts receivable, net		—		7.8
Total instruments		$	14.6	$	18.1


	Liabilities
		December 31,		December 31,
	Balance Sheet Location	2025		2024

Instruments designated as net investment hedges:
Euro Notes due in 2026	Short-term borrowings and current maturities of long-term debt	$	586.9	$	—
Euro Notes due in 2026	Long-term debt		—		516.6
Euro Notes due in 2027	Long-term debt		468.3		411.8
Cross-currency swaps	Accrued liabilities		33.1		44.8
Cross-currency swaps	Other long-term liabilities		69.8		—
Instruments not designated as hedges:
Foreign currency forward contracts	Accrued liabilities		0.8		0.7
Euro Notes due in 2030	Long-term debt		583.8		—
Total instruments		$	1,742.7	$	973.9

Income Taxes - Income Tax Reconciliation (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Tax provision at the U.S. federal statutory rate

$ 19.6

$ 53.9

$ 43.2

Tax provision at the U.S. federal statutory rate, Percentage

21.00%

Change in valuation allowance

$ (0.7)

$ 34.1

^[1]

$ 53.5

^[1]

Change in valuation allowance, Percentage

(0.70%)

Nontaxable or nondeductible items

$ 5.6

Nontaxable or nondeductible items, Percentage

6.00%

$ (5.2)

7.2

6.7

Repatriation of non-United States earnings

(6.00%)

(5.8)

4.6

Effect of cross-border tax laws

$ 4.4

Effect of cross-border tax laws, Percentage

4.70%

State and local income taxes, net of federal benefit

$ 1.4

^[2]

3.6

2.0

State and local income taxes, net of federal benefit, Percentage

^[2]

1.50%

Foreign Tax Credits

$ (8.5)

(4.6)

(5.6)

Foreign Tax Credits, Percentage

(9.10%)

General business tax credits

^[3]

$ (5.9)

General business tax credits, Percentage

^[3]

(6.30%)

Foreign-Derived Intangible Income deduction

(3.6)

(7.2)

Goodwill impairment

^[4]

0.0

10.9

Change in unrecognized tax benefits

$ 2.6

(0.3)

^[5]

(14.4)

^[5]

Change in unrecognized tax benefits, Percentage

2.80%

Total provision

$ 106.7

111.7

117.1

Tax provision, Percentage

114.20%

France

$ 4.6

Effects of changes in tax legislation

4.90%

^[6]

$ 10.8

Effects of changes in tax legislation, Percentage

^[6]

11.60%

French business tax

^[7]

$ 9.3

French business tax, Percentage

^[7]

10.00%

$ 0.9

1.00%

Germany

$ 2.9

Change in valuation allowance

3.10%

$ 7.4

Change in valuation allowance, Percentage

7.90%

$ 1.1

1.20%

Italy

$ 2.1

2.20%

$ 0.8

Withholding Taxes, Percentage

0.90%

Withholding Taxes

$ 3.6

3.90%

Italy Regional Production Tax

$ 3.2

Italy Regional Production Tax, Percentage

3.40%

United Kingdom

$ 0.8

Goodwill Impairment, Percentage

0.90%

Goodwill impairment

^[8]

$ 6.4

^[8]

6.90%

Switzerland

$ (1.5)

Goodwill Impairment, Percentage

(1.60%)

Goodwill impairment

^[8]

$ 5.2

^[8]

5.60%

Denmark

$ 1.1

Nondeductible interest, Percentage

1.20%

Nondeductible interest

$ 3.6

3.90%

Netherlands

Change in valuation allowance

$ 5.2

Change in valuation allowance, Percentage

5.60%

$ (1.1)

(1.20%)

Japan

$ 4.5

4.80%

$ (0.5)

Other foreign jurisdictions, net

(0.50%)

$ 23.0

Other foreign jurisdictions, net, Percentage

24.60%

French Business Tax

$ 9.3

9.2

^[9]

13.0

^[9]

Other

Cash and cash equivalents

^[10]

$ 18.0

$ 10.4

[1]	Losses incurred in 2024 and 2023 in Germany resulted in an increase in valuation allowance of $16.1 and $46.3, respectively.
[2]	New York and Texas account for the majority of the state and local income tax expense.
[3]	The Work Opportunity Tax Credit expired on December 31, 2025.
[4]	Non-deductible portion of the goodwill impairment charges recorded in the Netherlands in 2023.
[5]	The 2023 amount includes a tax benefit of $10.8 resulting from an effective settlement of an audit.
[6]	In February 2025, the French Parliament approved the Finance Bill for 2025 which enacted an exceptional corporate income tax surcharge. In February 2026, the French government passed the Finance Bill for 2026 which includes a one-year extension of the exceptional corporate income tax surcharge.
[7]	The French business tax is allowed as a deduction for French income tax purposes. The gross amount of the French business tax was $11.8 for 2025. The $9.3 for 2025 represents the French business tax expense net of the French tax benefit using the United States federal rate of 21%. In addition to the previously mentioned exceptional surcharge, the Finance bill for 2025 included a three-year delay to the scheduled phase-out of the French business tax.
[8]	Non-deductible portion of the goodwill impairment charges recorded in Switzerland and the United Kingdom in 2025.
[9]	The French business tax is allowed as a deduction for French income tax purposes. The gross amount of the French business tax was $11.7, and $16.4 for 2024 and 2023 respectively. The $9.2 and $13.0 for 2024 and 2023, respectively, represent the French business tax expense net of the French tax benefit using the United States federal rate of 21%.
[10]	Included in Other Non-United States tax rate differences is the impact of all Non-United States pre-tax earnings and permanent tax differences at the local statutory tax rate versus the United States federal rate of 21%.

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions

Dec. 31, 2025

Dec. 31, 2024

Current Assets

$ 871.0

$ 509.4

Accounts receivable, less allowance for expected credit losses of $74.1 and $67.6, respectively

4,770.3

4,297.2

Prepaid expenses and other assets

149.1

163.7

Total current assets

5,790.4

4,970.3

Other Assets

Intangible assets, less accumulated amortization of $579.1 and $530.4, respectively

^[1],[2]

1,544.6

1,563.4

430.1

486.1

Operating lease right-of-use assets

392.7

361.3

Other assets

879.1

701.5

Total other assets

3,246.5

3,112.3

Property and Equipment

Land, buildings, leasehold improvements and equipment

526.9

488.2

Less: accumulated depreciation and amortization

403.7

369.8

Net property and equipment

123.2

118.4

Employee compensation payable

9,160.1

8,201.0

Current Liabilities

Accounts payable

2,721.1

2,612.9

232.3

241.1

Accrued liabilities

457.6

475.1

Accrued payroll taxes and insurance

672.1

615.2

Value added taxes payable

418.1

370.8

Short-term operating lease liability

107.4

98.6

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

625.0

23.4

Total current liabilities

5,233.6

4,437.1

Other liabilities

Long-term debt

1,052.1

929.4

Long-term operating lease liability

304.3

279.0

Other long-term liabilities

509.8

428.6

Total other liabilities

1,866.2

1,637.0

Commitments and contingencies (Note 15)

Shareholders’ Equity

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

0.0

Common stock, $.01 par value, authorized 125,000,000 shares, issued 119,161,780 and 118,853,620 shares, respectively

1.2

Capital in excess of par value

3,572.5

3,546.1

Retained earnings

3,732.3

3,812.3

Accumulated other comprehensive loss

(412.1)

(443.0)

Treasury stock at cost, 72,864,513 and 72,105,407 shares, respectively

(4,834.3)

(4,791.4)

Total ManpowerGroup shareholders' equity

2,059.6

2,125.2

Noncontrolling interests

0.7

1.7

Total shareholders’ equity

2,060.3

2,126.9

Total liabilities and shareholders’ equity

$ 9,160.1

$ 8,201.0

[1]

Balances were net of accumulated impairment loss of $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 January 1, 2024 and December 31, 2024; and $807.4 ($24.7 related to Southern Europe, $265.5 related to Northern Europe, $3.8 related to APME, $235.2 related to Right Management and $278.2 related to Corporate) as of December 31, 2025.

[2]

Balances were net of accumulated impairment loss of $807.4 and $749.3 as of December 31, 2025 and 2024, respectively.

Derivative Financial Instruments - Schedule of Effect of Forward Contracts not Designated as Hedging Instrument (Details) - USD ($) $ in Millions		12 Months Ended
	Jun. 09, 2022	Dec. 31, 2025	Dec. 31, 2024
Derivative [Line Items]
Amount of Gain Recognized in Income	$ 2.0
Not Designated as Hedging Instrument [Member] \| Foreign Exchange Forward [Member]
Derivative [Line Items]
Amount of Gain Recognized in Income		$ 1.5	$ (1.7)

Schedule II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Allowance for Expected Credit Losses

Movement in Valuation Allowances and Reserves [Roll Forward]

Balance at Beginning of Year

$ 67.6

$ 99.2

$ 109.3

Provision for Credit Losses

7.1

9.0

5.4

Write-Offs

(11.2)

(35.6)

(18.2)

Currency Impact and Other

10.6

(5.0)

2.7

Balance at End of Year

74.1

67.6

99.2

Allowance for deferred tax assets

Movement in Valuation Allowances and Reserves [Roll Forward]

Balance at Beginning of Year

222.9

219.8

161.1

Charged to Income Tax Expense

22.8

34.1

53.5

Charged to Other Accounts

^[1]

16.8

(31.0)

5.2

Balance at End of Year

$ 262.5

$ 222.9

$ 219.8

[1]	Reflects other increases (decreases) to our valuation allowance that did not impact total tax expense, including the effects of currency and other comprehensive income/loss.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Earnings (loss) before Income Taxes

The earnings (loss) before income taxes was as follows:


Year Ended December 31	2025			2024		2023
United States	$	(4.3	)	$	10.8	$	40.7
Non-United States		97.7			246.0		165.2
Total earnings before income taxes	$	93.4		$	256.8	$	205.9

Schedule of provision for income taxes

The provision for income taxes was as follows:


Year Ended December 31	2025			2024			2023

Current
United States
Federal	$	31.6		$	2.4		$	(2.9	)
State		3.9			0.8			7.3
Non-United States		107.0			140.9			133.3
Total current		142.5			144.1			137.7
Deferred
United States
Federal		(34.2	)		(22.6	)		(8.6	)
State		(2.0	)		2.9			(4.0	)
Non-United States		0.4			(12.7	)		(8.0	)
Total deferred		(35.8	)		(32.4	)		(20.6	)
Total provision	$	106.7		$	111.7		$	117.1

Schedule of Cash Paid (net of refunds) for Income Taxes

The cash paid, net of refunds, for income taxes was as follows:


Year Ended December 31	2025
United States
Federal	$	32.2
States		1.1
Non-United States
France		50.4
Italy		9.6
Japan		14.7
Other, net		39.7
Total income taxes paid, net		147.7

Income Tax Reconciliation

A tax reconciliation, between taxes computed at the United States federal statutory rate of 21% and the consolidated effective tax rate for 2025 is as follows:


Year Ended December 31	2025
	Amount			Percent
Tax provision at the U.S. federal statutory rate	$	19.6			21.0	%
Foreign tax effects
France
Statutory income tax rate differential		4.6			4.9	%
Effects of changes in tax legislation(a)		10.8			11.6	%
French business tax(b)		9.3			10.0	%
Other, net		0.9			1.0	%
Germany
Statutory income tax rate differential		2.9			3.1	%
Change in valuation allowance		7.4			7.9	%
Other, net		1.1			1.2	%
Italy
Statutory income tax rate differential		2.1			2.2	%
Withholding Taxes		3.6			3.9	%
Italy Regional Production Tax		3.2			3.4	%
Other, net		0.8			0.9	%
United Kingdom
Goodwill Impairment(c)		6.4			6.9	%
Other, net		0.8			0.9	%
Switzerland
Goodwill Impairment(c)		5.2			5.6	%
Other, net		(1.5	)		(1.6	)%
Denmark
Nondeductible interest		3.6			3.9	%
Other, net		1.1			1.2	%
Netherlands
Change in valuation allowance		5.2			5.6	%
Other, net		(1.1	)		(1.2	)%
Japan
Statutory income tax rate differential		4.5			4.8	%
Other, net		(0.5	)		(0.5	)%
Other foreign jurisdictions, net		23.0			24.6	%
Effect of cross-border tax laws		4.4			4.7	%
State and local income taxes, net of federal benefit(d)		1.4			1.5	%
Tax Credits
Foreign Tax Credits		(8.5	)		(9.1	)%
General business tax credits(e)		(5.9	)		(6.3	)%
Change in valuation allowance		(0.7	)		(0.7	)%
Nontaxable or nondeductible items		5.6			6.0	%
Change in unrecognized tax benefits		2.6			2.8	%
Other, net		(5.2	)		(6.0	)%
Tax provision	$	106.7			114.2	%

(a)

(b)

(c)

Non-deductible portion of the goodwill impairment charges recorded in Switzerland and the United Kingdom in 2025.

(d)

New York and Texas account for the majority of the state and local income tax expense.

(e)

The Work Opportunity Tax Credit expired on December 31, 2025.

A tax reconciliation between taxes computed at the United States federal statutory rate of 21% and the consolidated effective tax rate for 2024 and 2023 is as follows:


Year Ended December 31	2024			2023

Income tax based on statutory rate	$	53.9		$	43.2
Increase (decrease) resulting from:
Non-United States tax rate difference:
French business tax(a)		9.2			13.0
Other(b)		18.0			10.4
Repatriation of non-United States earnings		(5.8	)		4.6
State income taxes, net of federal benefit		3.6			2.0
Change in valuation allowance(c)		34.1			53.5
Work Opportunity Tax Credit		(4.6	)		(5.6	)
Foreign-Derived Intangible Income deduction		(3.6	)		(7.2	)
Goodwill impairment(d)		—			10.9
Change in unrecognized tax benefits(e)		(0.3	)		(14.4	)
Other, net		7.2			6.7
Tax provision	$	111.7		$	117.1

(a)

(b)

(c)

Losses incurred in 2024 and 2023 in Germany resulted in an increase in valuation allowance of $16.1 and $46.3, respectively.

(d)

Non-deductible portion of the goodwill impairment charges recorded in the Netherlands in 2023.

(e)

The 2023 amount includes a tax benefit of $10.8 resulting from an effective settlement of an audit.

Deferred Income Taxes Temporary Differences

Temporary differences, which give rise to the deferred taxes, are as follows:


December 31	2025			2024

Future Income Tax Benefits (Expense)
Accrued payroll taxes and insurance	$	11.8		$	11.5
Employee compensation payable		41.2			40.9
Pension and postretirement benefits		71.4			66.9
Intangible assets		(132.6	)		(130.9	)
Repatriation of non-United States earnings		(31.3	)		(24.2	)
Loans denominated in foreign currencies		15.8			(4.8	)
Operating lease ROU assets		(99.6	)		(95.1	)
Operating lease liabilities		104.6			90.8
Tax credit and other carryforwards		87.1			59.2
Tax loss carryforwards		264.5			212.1
Other		108.3			115.9
Valuation allowance		(262.5	)		(222.9	)
Total future tax benefits	$	178.7		$	119.4
Deferred tax asset	$	185.0		$	135.0
Deferred tax liability		(6.3	)		(15.6	)
Total future tax benefits	$	178.7		$	119.4

Summary of Net Operating Loss Carryforwards

The net operating loss carryforwards expire as follows:


	United States Federal and Non-United States		United States State

2026		—		6.6
2027		0.2		5.6
2028		3.8		0.1
2029		7.1	3.1
2030		6.2	4.1
Thereafter		27.3		129.4
No expirations		1,258.5		29.5
Total net operating loss carryforwards	$	1,303.1	$	178.4

Summary of Unrecognized Tax Benefit Activity

The following table summarizes the activity related to our unrecognized tax benefits during 2025, 2024, and 2023:


	2025			2024			2023

Gross unrecognized tax benefits, beginning of year	$	34.7		$	31.1		$	76.3
Increases in prior year tax positions		5.6			6.5			4.6
Decreases in prior year tax positions		(0.4	)		(0.6	)		(1.2	)
Increases for current year tax positions		2.4			2.2			2.6
Expiration of statute of limitations and audit settlements		(2.5	)		(4.5	)		(51.2	)
Gross unrecognized tax benefits, end of year	$	39.8		$	34.7		$	31.1
Potential interest and penalties		1.6			1.4			1.7
Balance, end of year	$	41.4		$	36.1		$	32.8

Leases - Maturities of Operating Lease Liabilities (Details) $ in Millions	Dec. 31, 2025 USD ($)
Period Ending December 31, 2025
2026	$ 122.0
2027	96.7
2028	74.5
2029	53.9
2030	41.9
Thereafter	69.6
Total future undiscounted lease payments	458.6
Less imputed interest	(46.9)
Total operating lease liabilities	$ 411.7

Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Components of Lease Expense and Other Information

The components of lease expense were as follows:


Year Ended December 31	2025		2024		2023

Operating lease expense	$	135.2	$	129.7	$	137.4
Short-term lease expense		18.5		15.3		4.9
Variable lease expense		7.1		6.8		13.1
Total lease expense	$	160.8	$	151.8	$	155.4

Other information related to leases was as follows:


Year Ended December 31	2025			2024			2023
Cash paid for amounts included in the measurement of liabilities	$	130.9		$	119.7		$	132.0
Right-of-use assets obtained in exchange for new liabilities		100.5			82.2			135.6
Weighted-average remaining lease term – operating leases	5.2 years			5.2 years			5.6 years
Weighted-average discount rate – operating leases		4.0	%		4.0	%		3.8	%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of December 31, 2025 were as follows:


	Operating Leases
2026	$	122.0
2027		96.7
2028		74.5
2029		53.9
2030		41.9
Thereafter		69.6
Total future undiscounted lease payments		458.6
Less imputed interest		(46.9	)
Total operating lease liabilities	$	411.7

Derivative Financial Instruments - Effect of Net Investment Hedges on AOCI (Details) - Designated as hedging instrument - Net Investment Hedging - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Euro Notes
Derivative [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income	$ (125.3)	$ 61.5
Cross-currency swap
Derivative [Line Items]
Gain (Loss) Recognized in Other Comprehensive Income	$ 12.0	$ 36.2

Retirement and Deferred Compensation Plans - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($) Insurance_contract	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Pension liability	$ 2.0	$ 3.8	$ 5.8
Deferred compensation plans, asset and liability	188.6	165.4
Realized Investment Gains (Losses)	23.3	21.7	21.9
Statutory Plans Member [Member]
Defined Benefit Plan Disclosure [Line Items]
Total expense	21.2	24.4	$ 29.5
Retiree Health Care Plan
Defined Benefit Plan Disclosure [Line Items]
Prior service cost (credit) recognized in accumulated other comprehensive loss	0.8
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation for plan	634.3	584.4
Projected benefit obligation for plans	742.1	687.8
Accumulated benefit obligation for plans that do not have plan assets	83.6	79.3
Prior service cost (credit) recognized in accumulated other comprehensive loss	0.7
Estimated Net Loss	0.6
Estimated employer contribution to pension plans during next fiscal year	17.0
Pension Plan [Member] \| Qualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation for plan	717.9	663.7
Postretirement Health Coverage [Member]
Defined Benefit Plan Disclosure [Line Items]
Net loss recognized in accumulated other comprehensive loss	(0.8)	(1.1)
Prior service cost (credit) recognized in accumulated other comprehensive loss	$ 0.2	$ 0.4
Discount rate used in measurement of benefit obligation (as a percent)	5.10%	5.50%
Discount rate used in measurement of net periodic benefit cost (as a percent)	5.50%	4.90%	5.10%
Health care cost trend rate assumed for next fiscal year (as a percent)	7.80%
Ultimate health care cost trend rate (as a percent)	4.50%
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension liability	$ 2.0	$ 3.8	$ 5.8
Foreign Plan [Member] \| Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected long-term return on plan assets	3.40%	3.40%	3.50%
Number of foreign plans using guaranteed insurance contracts \| Insurance_contract	5
Net loss recognized in accumulated other comprehensive loss	$ (31.4)	$ 1.2
Prior service cost (credit) recognized in accumulated other comprehensive loss	$ 3.2	$ 4.1
Discount rate used in measurement of benefit obligation (as a percent)	3.10%	2.70%
Foreign Plan [Member] \| Pension Plan [Member] \| Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected long-term return on plan assets	2.50%
Foreign Plan [Member] \| Pension Plan [Member] \| Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected long-term return on plan assets	5.90%
UNITED STATES \| Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Net loss recognized in accumulated other comprehensive loss	$ 4.2	$ 3.6
Prior service cost (credit) recognized in accumulated other comprehensive loss	$ 0.0	$ 0.0
Discount rate used in measurement of benefit obligation (as a percent)	5.00%	5.50%
Company Sponsored Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Total expense	$ 16.1	$ 17.8	$ 19.2

Summary of Significant Accounting Policies - Schedule of Assets and Liabilities Measured and Recorded at Fair Value On Recurring Basis (Details) - Fair value measured on a recurring basis - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Assets
Deferred compensation plan assets	$ 188.6	$ 165.4
Cross-currency swaps	14.6	10.3
Total assets measured at fair value	203.2	175.7
Liabilities
Cross-currency swaps	102.9	37.0
Foreign currency forward contracts	0.8	0.7
Total liabilities measured at fair value	103.7	37.7
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets
Deferred compensation plan assets	188.6	165.4
Cross-currency swaps	0.0	0.0
Total assets measured at fair value	188.6	165.4
Liabilities
Cross-currency swaps	0.0	0.0
Foreign currency forward contracts	0.0	0.0
Total liabilities measured at fair value	0.0	0.0
Significant Other Observable Inputs (Level 2)
Assets
Deferred compensation plan assets	0.0	0.0
Cross-currency swaps	14.6	10.3
Total assets measured at fair value	14.6	10.3
Liabilities
Cross-currency swaps	102.9	37.0
Foreign currency forward contracts	0.8	0.7
Total liabilities measured at fair value	103.7	37.7
Significant Unobservable Inputs (Level 3)
Assets
Deferred compensation plan assets	0.0	0.0
Cross-currency swaps	0.0	0.0
Total assets measured at fair value	0.0	0.0
Liabilities
Cross-currency swaps	0.0	0.0
Foreign currency forward contracts	0.0	0.0
Total liabilities measured at fair value	$ 0.0	$ 0.0

Goodwill - Schedule of Goodwill Balances by Reporting Unit (Details) - USD ($)
$ in Millions

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

$ 1,544.6

^[1],[2]

$ 1,563.4

^[1],[2]

$ 1,586.8

Jefferson Wells

(55.5)

Americas | United States

1,007.2

1,005.8

Southern Europe | France

$ 80.5

$ 70.9

$ 75.6

[1]

[2]

Balances were net of accumulated impairment loss of $807.4 and $749.3 as of December 31, 2025 and 2024, respectively.

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Goodwill and Intangible Assets Disclosure [Abstract]

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Millions	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock	Non- controlling Interests
Balance, beginning of period at Dec. 31, 2022	$ 2,458.1	$ 1.2	$ 3,484.2	$ 3,868.5	$ (458.7)	$ (4,447.9)	$ 10.8
Balance, beginning of period (in shares) at Dec. 31, 2022		118,028,009
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) earnings	88.8			88.8
Other comprehensive income (loss)	(7.3)				(7.3)
Issuances under equity plans	(8.4)		2.0			(10.4)
Issuances under equity plans (in shares)		359,632
Share-based compensation expense	28.7		28.7
Dividends	(144.3)			(144.3)
Repurchases of common stock	(181.5)					(181.5)
Balance, end of period at Dec. 31, 2023	2,234.1	$ 1.2	3,514.9	3,813.0	(466.0)	(4,639.8)	10.8
Balance, end of period (in shares) at Dec. 31, 2023		118,387,641
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) earnings	145.1			145.1
Other comprehensive income (loss)	23.0				23.0
Issuances under equity plans	(9.7)		1.0			(10.7)
Issuances under equity plans (in shares)		465,979
Share-based compensation expense	27.3		27.3
Dividends	(145.8)			(145.8)
Repurchases of common stock	(140.9)					(140.9)
Noncontrolling interest transactions	(6.2)		2.9				(9.1)
Balance, end of period at Dec. 31, 2024	2,126.9	$ 1.2	3,546.1	3,812.3	(443.0)	(4,791.4)	1.7
Balance, end of period (in shares) at Dec. 31, 2024		118,853,620
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) earnings	(13.3)			(13.3)
Other comprehensive income (loss)	30.9				30.9
Issuances under equity plans	(6.1)		0.7			(5.4)
Issuances under equity plans (in shares)		308,160
Share-based compensation expense	26.3		26.3
Dividends	(66.7)			(66.7)
Repurchases of common stock	(37.5)					(37.5)
Noncontrolling interest transactions	(0.2)		0.8				(1.0)
Balance, end of period at Dec. 31, 2025	$ 2,060.3	$ 1.2	$ 3,572.5	$ 3,732.3	$ (412.1)	$ (4,834.3)	$ 0.7
Balance, end of period (in shares) at Dec. 31, 2025		119,161,780

Share-Based Compensation Plans - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 26.3	$ 27.3	$ 28.7
Consideration received from share-based awards	$ 0.0	$ 0.8	$ 1.8
Number of shares granted	0	0	0
Number of shares outstanding	710	762,000	810,000	852,000
Selling and Administrative Expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 26.3	$ 27.3	$ 28.7
Non US
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 1.0	1.2	1.6
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance period range	1 year
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance period range	3 years
Employee Stock Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 0.0	0.2	0.5
Share-based payment award vesting period	4 years
Expiration period	10 years
Fair value of options vested	$ 0.7	$ 1.5	$ 2.2
Employee Stock Option \| Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Purchase price (as a percent)	100.00%
Deferred Stock \| In Lieu of Annual Cash Retainer
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted (in shares)	7,232	4,716	4,463
Deferred Stock \| Additional Compensation for Board Service
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 1.5	$ 1.7	$ 1.9
Share-based payment award vesting period	1 year
Expiration period	3 years
Granted (in shares)	18,714	14,362	14,721
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 19.4	$ 18.9	$ 18.9
Total unrecognized compensation cost, net of estimated forfeitures	$ 13.9
Total unrecognized compensation cost, weighted-average period for recognition	2 years
Granted (in shares)	442,000	343,000	261,000
Forfeited (in shares)	40,000	38,000	44,000
Term for restrictions to lapse	5 years
Restricted Stock \| Additional Compensation for Board Service
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 12,476.0	$ 9,060.0	$ 8,412.0
Performance Shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	5.3	6.1	7.2
Savings Related Share Option Scheme
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 0.1	$ 0.4	$ 0.2
Purchase price (as a percent)	85.00%

Goodwill

12 Months Ended

Dec. 31, 2025

(7) Goodwill

Changes in the carrying value of goodwill by reportable segment and Corporate were as follows:


	Americas(a)			Southern Europe(b)			Northern Europe			APME			Corporate(c)			Total

Balance, January 1, 2024(d)	$	1,050.4		$	154.7		$	188.0		$	67.7		$	126.0		$	1,586.8
Acquisitions		1.4			—			—			—			—			1.4
Currency impact		(3.6	)		(9.4	)		(6.6	)		(4.7	)		(0.5	)		(24.8	)
Balance, December 31, 2024(d)		1,048.2			145.3			181.4			63.0			125.5			1,563.4
Acquisitions		—			—			—			0.9			—			0.9
Dispositions		—			—			(0.7	)		—			—			(0.7	)
Impairment Charges(e)		—			(24.7	)		(33.4	)		—			—			(58.1	)
Currency impact		2.2			19.3			17.4			0.2			—			39.1
Balance, December 31, 2025(d)	$	1,050.4		$	139.9		$	164.7		$	64.1		$	125.5		$	1,544.6

(a)

Balances related to United States were $1,005.8, $1,007.2 and $1,007.2 as of January 1, 2024, December 31, 2024 and December 31, 2025, respectively.

(b)

Balances related to France were $75.6, $70.9 and $80.5 as of January 1, 2024, December 31, 2024 and December 31, 2025, respectively. Balances related to Italy were $3.8, $3.5 and $4.0 as of January 1, 2024, December 31, 2024 and December 31, 2025, respectively.

(c)

The majority of the Corporate balance as of January 1, 2024, December 31, 2024 and 2025 relates to goodwill attributable to our acquisitions of Right Management ($62.1) and Jefferson Wells ($55.5). Jefferson Wells is part of the United States reporting unit. Right Management is allocated to the reporting units of the countries in which Right Management operates. For purposes of monitoring our total assets by segment, we do not allocate the Corporate balance to the respective reportable segments as this is commensurate with how we operate our business. We do, however, include these balances within the appropriate reporting units for our goodwill impairment testing.

(d)

(e)

The impairment charges relate to our Switzerland and United Kingdom reporting units, which were recorded during the second quarter of 2025. See Note 1 to the Consolidated Financial Statements for further information.

Schedule of Short-Term Borrowings

The entire disclosure for goodwill.

+ References + Details

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Other comprehensive income (loss):
Adjustment For Long-Term Intercompany Transactions Tax Expense Benefit	$ 0.1	$ 0.0	$ 0.0
Income tax expense (benefit) on translation adjustments on derivative instruments	(20.7)	22.0	(17.4)
Income tax expense on defined benefit pension plans and retiree health care plan	3.5	1.7	(3.7)
Income tax expense on pension plan settlement	0.4	0.8	1.2
Unrealized Adjustments on Interest Rate Swap Net of Income Taxes	$ (0.1)	$ (0.1)	$ (0.1)

Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Information concerning short-term borrowings is as follows:


December 31	2025			2024

Short-term borrowings	$	34.6		$	21.0
Weighted-average interest rates		13.3	%		33.3	%

Summary of Long-Term Debt

A summary of long-term debt is as follows:


December 31	2025		2024

Euro-denominated notes:
€500.0 due June 2026	$	586.9	$	516.6
€400.0 due June 2027		468.3		411.8
€500.0 due December 2030		583.8		—
Other		3.5		3.4
		1,642.5		931.8
Less current maturities		590.4		2.4
Long-term debt	$	1,052.1	$	929.4

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Share-Based Payment Arrangement [Abstract]

Share-Based Compensation Plans

12 Months Ended

Dec. 31, 2025

Share-Based Compensation Plans

(3) Share-Based Compensation Plans

During 2025, 2024 and 2023, we recognized $26.3, $27.3 and $28.7, respectively, in share-based compensation expense related to stock options, deferred stock, restricted stock, performance share units and savings-related share option scheme, all of which is recorded in selling and administrative expenses. Consideration received from share-based awards for 2025, 2024 and 2023 was $0.0, $0.8 and $1.8, respectively. We recognized income tax expense of $0.3 in 2025, and income tax benefits of $1.3 and $1.0 in 2024 and 2023, respectively, for the United States share-based compensation. For non-United States share-based compensation, we recognized income tax benefits of $1.0, $1.2 and $1.6 for 2025, 2024 and 2023, respectively. We recognize compensation expense on grants of share-based compensation awards on a straight-line basis over the vesting period of each award.

Stock Options and Stock Appreciation Rights

All share-based compensation is granted under the 2011 Equity Incentive Plan of ManpowerGroup Inc. (“2011 Plan”). Under the 2011 Plan, stock options and stock appreciation rights are required to be granted at a price not less than 100% of the fair market value of the common stock at the date of grant. Generally, options are granted with a ratable vesting period of up to four years and expire 10 years from date of grant. No options were granted subsequent to 2021, and we have not granted stock appreciation rights under the 2011 Plan. A summary of stock option activity is as follows:


	Shares (000)			Wtd. Avg. Exercise Price Per Share		Wtd. Avg. Remaining Contractual Term (years)		Aggregate Intrinsic Value (in millions)

Outstanding, January 1, 2023		852		$	90
Granted		—		N/A
Exercised		(23	)		76
Expired or cancelled		(19	)		109
Outstanding, December 31, 2023		810		$	90		4.4	$	1
Exercisable, December 31, 2023		706		$	90		4.1	$	1
Outstanding, January 1, 2024		810		$	90
Granted		—		N/A
Exercised		—		N/A
Expired or cancelled		(48	)		80
Outstanding, December 31, 2024		762		$	91		3.7	$	—
Exercisable, December 31, 2024		730		$	91		3.5	$	—
Outstanding, January 1, 2025		762		$	91
Granted		—		N/A
Exercised		—		N/A
Expired or cancelled		(52	)		77
Outstanding, December 31, 2025		710		$	92		2.9	$	—
Exercisable, December 31, 2025		710		$	92		2.9	$	—

Options outstanding and exercisable as of December 31, 2025 were as follows:


	Options Outstanding						Options Exercisable


Exercise Price	Shares (000)		Weighted- Average Remaining Contractual Life (years)		Weighted- Average Exercise Price		Shares (000)		Weighted- Average Exercise Price

$75-$80		103		0.1	$	75		103	$	75
$81-$89		153		3.2		84		153		84
$90-$95		286		4.6		93		286		93
$96-$123		168		1.6		109		168		109
		710		2.9	$	92		710	$	92

We recognized expense of $0.0, $0.2 and $0.5 related to stock options for the years ended December 31, 2025, 2024 and 2023, respectively. The total fair value of options vested during the same periods was $0.7, $1.5 and $2.2, respectively. As of December 31, 2025, there was no unrecognized compensation cost.

Deferred Stock

Our non-employee directors may elect to receive deferred stock in lieu of part or all of their annual cash retainer otherwise payable to them. The number of shares of deferred stock is determined pursuant to a formula set forth in the terms and conditions adopted under the 2011 Plan; the deferred stock is settled in shares of common stock according to these terms and conditions. During December 31, 2025, 2024 and 2023, there were 7,232, 4,716 and 4,463, respectively, shares of deferred stock awarded under this arrangement, all of which are vested.

Non-employee directors also receive an annual grant of deferred stock (or restricted stock, if they so elect) as additional compensation for board service. The award vests in equal quarterly installments over one year and the vested portion of the deferred stock is settled in shares of common stock either three years after the date of grant (which may in most cases be extended at the directors’ election) or upon a director’s termination of service in accordance with the terms and conditions under the 2011 Plan. During 2025, 2024 and 2023, there were 18,714, 14,362 and 14,721, respectively, shares of deferred stock awarded under this arrangement, all of which are vested. We recognized expense of $1.5, $1.7 and $1.9 related to deferred stock in 2025, 2024 and 2023, respectively.

Restricted Stock and Restricted Stock Units

We grant restricted stock and restricted stock unit awards to certain employees and to non-employee directors who may elect to receive restricted stock rather than deferred stock as described above. Restrictions lapse over periods ranging up to five years, and in some cases upon retirement. We value restricted stock awards at the closing market value of our common stock on the date of grant.

A summary of restricted stock and restricted stock unit activity is as follows:


	Shares (000)			Wtd. Avg. Price Per Share		Wtd. Avg. Remaining Contractual Term (years)		Aggregate Intrinsic Value (in millions)

Unvested, January 1, 2023		588		$	94		1.4
Granted		261			82
Vested		(177	)		87
Forfeited		(44	)		90
Unvested, December 31, 2023		628		$	91		1.4
Granted		343			64
Vested		(180	)		86
Forfeited		(38	)		83
Unvested, December 31, 2024		753		$	80		1.4
Granted		442			48
Vested		(240	)		94
Forfeited		(40	)		66
Unvested, December 31, 2025		915		$	63		1.4	$	27

During 2025, 2024 and 2023, there were 12,476, 9,060 and 8,412, respectively, shares of restricted stock granted to our non-employee directors, all of which are vested. During 2025, 2024 and 2023, we recognized expense of $19.4, $18.9 and $18.9, respectively, related to restricted stock awards. As of December 31, 2025, there was $13.9 of total unrecognized compensation cost related to unvested restricted stock, which we expect to recognize over a weighted-average period of approximately 2.0 years.

Performance Share Units

Our 2011 Plan allows us to grant performance share units. We grant performance share units with a performance period ranging from one to three years. Vesting of units occurs at the end of the performance period or after a subsequent holding period, except in the case of termination of employment where the units are forfeited immediately. Upon retirement, a prorated number of units vest depending on the period worked from the grant date to retirement date or in certain cases all of the units vest. In the case of death or disability, the units immediately vest at the Target Award level if the death or disability date is during the performance period, or at the level determined by the performance criteria met during the performance period if the death or disability occurs during the subsequent holding period. The units are settled in shares of our common stock. A payout multiple may be applied to the units awarded based on the performance criteria determined by the People, Culture and Compensation Committee of the Board of Directors ("the Committee") at the time of grant. Final determination of the payout is at the discretion of the Committee.

In the event the performance criteria exceed the Target Award level, an additional number of shares, up to the Outstanding Award level, may be granted. In the event the performance criteria fall below the Target Award level, a reduced number of shares, as low as the Threshold Award level, may be granted. If the performance criteria fall below the Threshold Award level, no shares will be granted.

A summary of the performance share units detail by grant year is as follows:


	2022 (Regular)		2022 (Experis)		2023		2024		2025

Grant Date(s)	February 11, 2022		February 11, 2022		February 17, 2023		February 16, 2024		February 14, 2025
Performance Period (years)	2022-2024		2022-2024		2023-2025		2024-2026		2025-2027
Vesting Date(a)	February 2025		February 2025		February 2026		February 2027		February 2028
Payout Levels (in units):
Threshold Award		—		—		—		—		—
Target Award		106,116		28,275		132,537		179,099		215,054
Outstanding Award		212,232		84,826		265,074		358,198		430,108
Shares Issued in 2025		67,422		—	N/A		N/A		N/A
Payout Achieved Over Performance Period		67,422		—		56,835	N/A		N/A

(a)

Awards are scheduled to vest after the Committee determines the achievement of the performance criteria.

We recognize and adjust compensation expense based on the likelihood of the performance criteria specified in the award being achieved. The compensation expense is recognized over the performance and holding periods and is recorded in selling and administrative expenses. We recognized total compensation expense of $5.3, $6.1 and $7.2 in 2025, 2024 and 2023, respectively, related to the performance share units. The lower expense in 2025 and 2024 compared to 2023 resulted from lower estimated payout levels for all the grants.

Savings-Related Share Option Scheme

We also maintain the Savings Related Share Option Scheme for United Kingdom employees with at least two years of service. The employees are offered the opportunity to obtain an option for a specified number of shares of common stock at 85% of its market value on the day prior to the offer to participate in the plan. Options vest after three years, but may lapse earlier. Funds used to purchase the shares are accumulated through specified payroll deductions over a 36-month period. We recognized expense of $0.1, $0.4 and $0.2 in 2025, 2024 and 2023, respectively, for shares purchased under the plan.

Net (Loss) Earnings Per Share

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Net (Loss) Earnings Per Share

(6) Net (Loss) Earnings Per Share

The calculation of net (loss) earnings per share - basic and net (loss) earnings per share - diluted were as follows:


Year Ended December 31	2025			2024		2023

Net (loss) earnings available to common shareholders:	$	(13.3	)	$	145.1	$	88.8
Weighted-average common shares outstanding (in millions):
Weighted-average common shares outstanding – basic		46.6			47.8		49.8
Effect of share-based awards		—			0.5		0.6
Weighted-average common shares outstanding – diluted		46.6			48.3		50.4
Net (loss) earnings per share – basic	$	(0.29	)	$	3.04	$	1.78
Net (loss) earnings per share – diluted	$	(0.29	)	$	3.01	$	1.76

There were 1.1 million, 0.8 million and 0.6 million share-based awards excluded from the calculation of net (loss) earnings per share - diluted for the years ended December 31, 2025, 2024 and 2023, respectively, because their impact was anti-dilutive.

Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

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, 2025

	Staffing and Interim		Outcome- Based Solutions and Consulting		Permanent Recruitment		Other		Total

Americas:
United States	$	2,438.2	$	10.6	$	110.0	$	176.6	$	2,735.4
Other Americas		1,497.0		66.3		37.6		12.5		1,613.4
		3,935.2		76.9		147.6		189.1		4,348.8
Southern Europe:
France		4,072.4		263.4		41.3		82.3		4,459.4
Italy		1,694.9		50.0		48.2		29.0		1,822.1
Other Southern Europe		1,740.5		320.7		56.3		37.3		2,154.8
		7,507.8		634.1		145.8		148.6		8,436.3
Northern Europe		2,731.0		231.0		100.4		98.7		3,161.1
APME		1,704.2		249.0		48.5		40.2		2,041.9
		15,878.2		1,191.0		442.3		476.6		17,988.1
Intercompany Eliminations										(31.0	)
Total									$	17,957.1


Year Ended December 31, 2024(ᵃ)

	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
Other Americas		1,350.6		54.2		43.0		10.5		1,458.3
		3,805.1		65.5		169.1		185.2		4,224.9
Southern Europe:
France		4,136.6		264.1		49.4		81.4		4,531.5
Italy		1,561.5		36.0		48.0		31.5		1,677.0
Other Southern Europe		1,613.3		314.1		50.8		31.6		2,009.8
		7,311.4		614.2		148.2		144.5		8,218.3
Northern Europe		2,814.0		257.2		121.5		111.6		3,304.3
APME		1,746.1		321.9		52.8		40.5		2,161.3
		15,676.6		1,258.8		491.6		481.8		17,908.8
Intercompany Eliminations										(54.9	)
Total									$	17,853.9

(a)


Year Ended December 31, 2023(ᵃ)

	Staffing and Interim		Outcome- Based Solutions and Consulting		Permanent Recruitment		Other		Total

Americas:
United States	$	2,552.5	$	18.3	$	132.7	$	162.7	$	2,866.2
Other Americas		1,442.6		49.4		47.2		9.4		1,548.6
		3,995.1		67.7		179.9		172.1		4,414.8
Southern Europe:
France		4,393.5		267.7		58.9		70.0		4,790.1
Italy		1,590.1		36.9		55.0		26.8		1,708.8
Other Southern Europe		1,608.4		320.9		58.9		28.2		2,016.4
		7,592.0		625.5		172.8		125.0		8,515.3
Northern Europe		3,160.2		332.5		153.2		102.1		3,748.0
APME		1,781.8		386.3		109.4		44.8		2,322.3
		16,529.1		1,412.0		615.3		444.0		19,000.4
Intercompany Eliminations										(85.9	)
Total									$	18,914.5

(a)


	Year Ended December 31,

	2025							2024(a)							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			Services transferred over time		Services transferred at a point in time		Total

Americas:
United States	$	2,678.0	$	57.4	$	2,735.4		$	2,695.4	$	71.2	$	2,766.6		$	2,789.8	$	76.4	$	2,866.2
Other Americas		1,592.5		20.9		1,613.4			1,432.0		26.3		1,458.3			1,518.8		29.8		1,548.6
		4,270.5		78.3		4,348.8			4,127.4		97.5		4,224.9			4,308.6		106.2		4,414.8
Southern Europe:
France		4,421.6		37.8		4,459.4			4,486.7		44.8		4,531.5			4,753.3		36.8		4,790.1
Italy		1,777.2		44.9		1,822.1			1,632.6		44.4		1,677.0			1,657.8		51.0		1,708.8
Other Southern Europe		2,111.0		43.8		2,154.8			1,967.2		42.6		2,009.8			1,952.3		64.1		2,016.4
		8,309.8		126.5		8,436.3			8,086.5		131.8		8,218.3			8,363.4		151.9		8,515.3
Northern Europe		3,084.6		76.5		3,161.1			3,208.9		95.4		3,304.3			3,627.5		120.5		3,748.0
APME		2,000.0		41.9		2,041.9			2,116.2		45.1		2,161.3			2,255.2		67.1		2,322.3
		17,664.9		323.2		17,988.1			17,539.0		369.8		17,908.8			18,554.7		445.7		19,000.4
Intercompany Eliminations						(31.0	)						(54.9	)						(85.9	)
Total					$	17,957.1						$	17,853.9						$	18,914.5

(a)

Retirement and Deferred Compensation Plans - Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss, Net of Tax (Details) - Pension Plan [Member] - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Prior service cost	$ 0.7
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Net loss (gain)	(31.4)	$ 1.2
Prior service cost	3.2	4.1
Total	(28.2)	5.3
UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Net loss (gain)	4.2	3.6
Prior service cost	0.0	0.0
Total	$ 4.2	$ 3.6

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Segment Data

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segment Data

(14) Segment Data

Effective January 1, 2025, our segment reporting was realigned to break out our Morocco business from France. Accordingly, France is now adjusted to exclude Morocco. All previously reported results have been recast to conform to the current year presentation.

Our chief operating decision maker ("CODM") is our Chief Executive Officer, who evaluates the performance of our operating segments using operating unit profit ("OUP"). OUP serves as the measure of profitability for monitoring actual results against budgeted expectations as well as investment and resource allocation among our segments. In addition, the CODM utilizes OUP in conducting competitive analysis, benchmarking our performance against that of our competitors and determining compensation.

We are organized and managed primarily on a geographic basis. Each country and business unit generally has its own distinct management team, providing services under our global brands and maintains its own financial reports. Each operation reports directly or indirectly through a regional manager to a member of executive management. Given this reporting structure, we operate using the following reporting segments: Americas, which includes United States and Other Americas; Southern Europe, which includes France, Italy and Other Southern Europe; Northern Europe; and APME.

The segments derive a majority of their revenues from our staffing and interim services. The remaining revenues within these segments are derived from our outcome-based solutions and consulting services, permanent recruitment services, outplacement services, talent management services and other services. Segment revenues represent sales to external clients. We provide services to a wide variety of clients, none of which individually comprise a significant portion of revenues for us as a whole. Due to the nature of our business, we generally do not have export sales.

Total assets for the segments are reported after the elimination of investments in subsidiaries and intercompany accounts.


Year Ended December 31, 2025	Revenue			Cost of Services			Selling and Administrative Expenses			OUP
Americas:
United States(a)	$	2,735.4		$	2,039.5		$	629.9		$	66.0
Other Americas		1,613.4			1,368.0			174.5			70.9
		4,348.8			3,407.5			804.4			136.9
Southern Europe:
France		4,459.4			3,831.8			517.7			109.9
Italy		1,822.1			1,533.3			173.0			115.8
Other Southern Europe		2,154.8			1,871.2			248.7			34.9
		8,436.3			7,236.3			939.4			260.6
Northern Europe		3,161.1			2,639.2			565.2			(43.3	)
APME		2,041.9			1,701.4			239.9			100.6
Total Segments		17,988.1			14,984.4			2,548.9			454.8
Intercompany Eliminations		(31.0	)		(24.9	)		(6.1	)		—
	$	17,957.1		$	14,959.5		$	2,542.8		$	454.8
Reconciliation of operating unit profit (segment OUP)
Corporate expenses										$	(184.7	)
Impairment charges(b)											(88.7	)
Intangible asset amortization expense(c)											(31.3	)
Operating profit											150.1
Interest and other expenses, net										$	(56.7	)
Earnings before income taxes										$	93.4

(a)

The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $10.1 for 2025.

(b)

(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, 2025	Total Assets		Long-lived Assets(a)		Depreciation and Amortization Expense

Americas:
United States	$	2,973.4	$	76.4	$	9.2
Other Americas		547.6		15.0		2.4
		3,521.0		91.4		11.6
Southern Europe:
France		2,236.5		180.5		15.5
Italy		555.2		50.1		2.1
Other Southern Europe		893.3		50.2		4.4
		3,685.0		280.8		22.0
Northern Europe		443.9		117.2		11.8
APME		668.2		55.4		5.8
Corporate(b)		842.0		10.4		3.5
Intangible asset amortization expense(c)		—		—		31.3
	$	9,160.1	$	555.2	$	86.0

(a)

Long-lived assets consist of net property and equipment, net capitalized software and right-of-use assets.

(b)

(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, 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:(b)
France		4,531.5			3,873.8			508.2			149.5
Italy		1,677.0			1,398.1			165.8			113.1
Other Southern Europe		2,009.8			1,745.7			222.6			41.5
		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	)
Intangible asset amortization expense(c)											(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)

(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, 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:(b)
France		2,021.2		171.8		15.2
Italy		479.3		45.6		2.0
Other Southern Europe		790.9		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(c)		329.2		7.5		4.1
Intangible asset amortization expense(d)		—		—		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)

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's total assets.

(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, 2023	Revenue			Cost of Services			Selling and Administrative Expenses		OUP
Americas:(a)
United States	$	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:(b)
France		4,790.1			4,076.7			526.6		186.8
Italy		1,708.8			1,418.4			165.7		124.7
Other Southern Europe		2,016.4			1,731.8			238.4		46.2
		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)

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.

(b)

(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:
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:(b)
France		2,222.4		182.9		12.7
Italy		487.0		50.6		2.2
Other Southern Europe		831.6		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, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco's total assets.

(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.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss	$ 2,060.3	$ 2,126.9	$ 2,234.1	$ 2,458.1
Defined benefit pension plans, net of income tax benefit
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss	24.0	(8.9)
Retiree health care plan, net of income taxes
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss	0.6	1.5
Foreign currency translation
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss	(249.7)	(342.2)
Translation loss on long-term intercompany loans, net of income taxes
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss	(133.6)	(133.2)
(Loss) gain on derivative instruments, net of income tax benefit
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss	(53.9)	39.0
Gain on interest rate swap, net of income taxes
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss	0.5	0.8
Accumulated other comprehensive loss
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss	$ (412.1)	$ (443.0)	$ (466.0)	$ (458.7)

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

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Revenue Recognition - Additional Information (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

$ 17,957.1

$ 17,853.9

^[1]

$ 18,914.5

Franchise fees

$ 16.6

$ 14.4

$ 14.8

[1]	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.

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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Components of Accumulated Other Comprehensive Loss, Net of Tax

Summary of Significant Accounting Policies (Additional Information) (Details 1) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Aug. 31, 2023	Aug. 31, 2021
Accounting Policies [Line Items]
Shares authorized to be repurchased (in shares)				5.0	4.0
Treasury Stock, Shares, Acquired			2.4
Total cost of shares repurchased			$ 181.5
Shares repurchased, excluds excise tax	$ 0.5	$ 0.9	$ 1.7
Dividends declared (in dollars per share)	$ 1.44	$ 3.08	$ 2.94
Total dividend payments	$ 66.7	$ 145.8	$ 144.3
Net earnings, net of tax, attributable to noncontrolling interests	56.7	49.2	49.9
Noncontrolling Interest [Member]
Accounting Policies [Line Items]
Net earnings, net of tax, attributable to noncontrolling interests		0.3	0.4
Interest And Other Non Operating Income	0.2
Subscription Arrangement [Member]
Accounting Policies [Line Items]
Unamortized Implementation Costs	$ 166.5	$ 110.8	$ 54.6
August 2021 Authorization
Accounting Policies [Line Items]
Treasury Stock, Shares, Acquired			2.0
Shares remaining authorized for repurchase (in shares)	0.0
August 2023 Authorization
Accounting Policies [Line Items]
Treasury Stock, Shares, Acquired	0.7	2.0	0.4
Total cost of shares repurchased	$ 37.5	$ 140.9
Shares remaining authorized for repurchase (in shares)	1.9

Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

The components of AOCL, net of tax, were as follows:


December 31	2025			2024

Foreign currency translation	$	(249.7	)	$	(342.2	)
Translation loss on long-term intercompany loans, net of income taxes of $19.2 and $19.1, respectively		(133.6	)		(133.2	)
(Loss) gain on derivative instruments, net of income tax benefit of $(21.4) and $(0.7), respectively		(53.9	)		39.0
Gain on interest rate swap, net of income taxes of $0.1 and $0.2, respectively		0.5			0.8
Defined benefit pension plans, net of income tax benefit of $(16.4) and $(20.6), respectively		24.0			(8.9	)
Retiree health care plan, net of income taxes of $1.8 and $2.1, respectively		0.6			1.5
Accumulated other comprehensive loss	$	(412.1	)	$	(443.0	)

Derivative Financial Instruments - Fair Value of Derivative and Non-Derivative Assets and Liabilities on the Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Derivatives, Fair Value [Line Items]
Assets	$ 14.6	$ 18.1
Liabilities	1,742.7	973.9
Not designated as hedging instrument \| Foreign currency forward contracts \| Long-term debt
Derivatives, Fair Value [Line Items]
Liabilities	583.8	0.0
Not designated as hedging instrument \| Foreign currency forward contracts \| Accrued liabilities
Derivatives, Fair Value [Line Items]
Liabilities	0.8	0.7
Cash flow hedge \| Instruments designated as net investment hedges \| Cross-currency swap \| Prepaid expenses and other assets
Derivatives, Fair Value [Line Items]
Assets	0.0	10.3
Cash flow hedge \| Instruments designated as net investment hedges \| Cross-currency swap \| Accounts receivable, net
Derivatives, Fair Value [Line Items]
Assets	0.0	7.8
Net Investment Hedging \| Instruments designated as net investment hedges \| Cross-currency swap \| Accrued liabilities
Derivatives, Fair Value [Line Items]
Liabilities	33.1	44.8
Net Investment Hedging \| Instruments designated as net investment hedges \| Cross-currency swap \| Other long-term liabilities
Derivatives, Fair Value [Line Items]
Liabilities	69.8	0.0
Net Investment Hedging \| Instruments designated as net investment hedges \| Euro Notes due in 2027 \| Long-term debt
Derivatives, Fair Value [Line Items]
Liabilities	468.3	411.8
Net Investment Hedging \| Instruments designated as net investment hedges \| Euro Notes due in 2026 \| Short-term borrowings and current maturities of long-term debt
Derivatives, Fair Value [Line Items]
Liabilities	586.9	0.0
Net Investment Hedging \| Instruments designated as net investment hedges \| Euro Notes due in 2026 \| Long-term debt
Derivatives, Fair Value [Line Items]
Liabilities	0.0	516.6
Fair value hedge \| Instruments designated as net investment hedges \| Cross-currency swap \| Other Assets
Derivatives, Fair Value [Line Items]
Assets	$ 14.6	$ 0.0

Summary of Significant Accounting Policies - Summary of Property and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Property and equipment	$ 526.9	$ 488.2
Land
Property, Plant and Equipment [Line Items]
Property and equipment	0.5	0.4
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment	6.3	6.0
Furniture, Fixtures, and Autos
Property, Plant and Equipment [Line Items]
Property and equipment	153.5	145.6
Computer Equipment
Property, Plant and Equipment [Line Items]
Property and equipment	107.9	106.1
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Property and equipment	$ 258.7	$ 230.1

Contingencies

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Contingencies

(15) Commitments and Contingencies

Guarantees

We have entered into certain guarantee contracts and stand-by letters of credit that total $626.1 as of December 31, 2025 ($582.3 for guarantees and $43.8 for stand-by letters of credit). The guarantees primarily relate to staffing license requirements, operating leases and indebtedness. The stand-by letters of credit mainly relate to workers’ compensation in the United States. If certain conditions were met under these arrangements, we would be required to satisfy our obligation in cash. Due to the nature of these arrangements and our historical experience, we do not expect to make any significant payments under these arrangements.

Litigation

In the normal course of business, the Company is named as a defendant in various legal proceedings in which claims are asserted against the Company. We record accruals for loss contingencies based on the circumstances of each claim, when it is probable that a loss has been incurred as of the balance sheet date and can be reasonably estimated. Although the outcome of litigation cannot be predicted with certainty, we believe the ultimate resolution of these legal proceedings will not have a material effect on our business or financial condition.

Retirement and Deferred Compensation Plans - Schedule of Plans with Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets (Details) - Pension Plan [Member] - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 28.9	$ 117.2
Plan assets	$ 20.5	$ 93.4

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Summary of Significant Accounting Policies - Schedule of Goodwill, Finite-Lived Intangible Assets and Indefinite-Lived Intangible Assets (Details) - USD ($)
$ in Millions

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

$ 1,544.6

^[1],[2]

$ 1,563.4

^[1],[2]

$ 1,586.8

Finite-lived:

858.5

838.6

579.1

530.4

279.4

308.2

Indefinite-lived:

150.7

177.9

Total intangible assets

1,009.2

1,016.5

579.1

530.4

430.1

486.1

Tradenames

Indefinite-lived:

Reacquired franchise rights

^[3]

52.0

Indefinite-lived:

^[4]

98.7

125.9

Customer relationships

Finite-lived:

833.2

814.2

556.1

509.1

277.1

305.1

Other

Finite-lived:

25.3

24.4

23.0

21.3

$ 2.3

$ 3.1

[1]	Balances were net of accumulated impairment loss of $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 January 1, 2024 and December 31, 2024; and $807.4 ($24.7 related to Southern Europe, $265.5 related to Northern Europe, $3.8 related to APME, $235.2 related to Right Management and $278.2 related to Corporate) as of December 31, 2025.
[2]	Balances were net of accumulated impairment loss of $807.4 and $749.3 as of December 31, 2025 and 2024, respectively.
[3]	Balances were net of accumulated impairment loss of $139.5 as of both December 31, 2025 and 2024.
[4]	Balances were net of accumulated impairment loss of $30.6 and none as of December 31, 2025 and 2024, respectively.

Retirement and Deferred Compensation Plans - Reconciliation of Changes in Benefit Obligations and the Statement of Funded Status of Plan (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Pension Plan [Member]
Change in Benefit Obligation
Service cost	$ 15.4	$ 16.5	$ 15.5
Interest cost	19.9	19.4	21.1
Pension Plan [Member] \| Foreign Plan [Member]
Change in Benefit Obligation
Benefit obligation, beginning of year	669.8	713.2
Service cost	15.4	16.5
Interest cost	19.0	18.5
Curtailments	0.0	(2.7)
Settlements	(49.5)	(50.9)
Transfers	31.3	26.5
Actuarial loss (gain)	(42.9)	(3.9)
Plan participant contributions	11.6	11.4
Benefits paid	(18.1)	(16.0)
Currency exchange rate changes	87.7	(42.8)
Benefit obligation, end of year	724.3	669.8	713.2
Change in Plan Assets
Fair value of plan assets, beginning of year	586.1	596.3
Actual return on plan assets	12.6	40.7
Settlements	(49.5)	(50.9)
Transfers	31.6	23.7
Plan participant contributions	11.6	11.4
Company contributions	18.5	17.4
Benefits paid	(18.1)	(16.0)
Currency exchange rate changes	78.0	(36.5)
Fair value of plan assets, end of year	670.8	586.1	596.3
Funded Status at End of Year
Funded status, end of year	(53.5)	(83.7)
Amounts Recognized
Noncurrent assets	42.2	22.7
Current liabilities	(0.8)	(1.2)
Noncurrent liabilities	(94.9)	(105.2)
Net amount recognized	(53.5)	(83.7)
Pension Plan [Member] \| UNITED STATES
Change in Benefit Obligation
Benefit obligation, beginning of year	18.0	19.2
Service cost	0.0	0.0
Interest cost	0.9	0.9
Curtailments	0.0	0.0
Settlements	0.0	0.0
Transfers	0.0	0.0
Actuarial loss (gain)	1.0	0.0
Plan participant contributions	0.0	0.0
Benefits paid	(2.1)	(2.1)
Currency exchange rate changes	0.0	0.0
Benefit obligation, end of year	17.8	18.0	19.2
Change in Plan Assets
Fair value of plan assets, beginning of year	0.0	0.0
Actual return on plan assets	0.0	0.0
Settlements	0.0	0.0
Transfers	0.0	0.0
Plan participant contributions	0.0	0.0
Company contributions	2.1	2.1
Benefits paid	(2.1)	(2.1)
Currency exchange rate changes	0.0	0.0
Fair value of plan assets, end of year	0.0	0.0	0.0
Funded Status at End of Year
Funded status, end of year	(17.8)	(18.0)
Amounts Recognized
Noncurrent assets	0.0	0.0
Current liabilities	(2.1)	(2.2)
Noncurrent liabilities	(15.7)	(15.8)
Net amount recognized	(17.8)	(18.0)
Postretirement Health Coverage [Member]
Change in Benefit Obligation
Benefit obligation, beginning of year	8.8	10.2
Interest cost	0.4	0.5	0.5
Actuarial loss (gain)	0.4	(1.1)
Benefits paid	(0.7)	(0.8)
Benefit obligation, end of year	8.9	8.8	$ 10.2
Funded Status at End of Year
Funded status, end of year	(8.9)	(8.8)
Amounts Recognized
Current liabilities	(1.0)	(1.0)
Noncurrent liabilities	(7.9)	(7.8)
Net amount recognized	$ (8.9)	$ (8.8)

Segment Data - Schedule of Segment Data (Parenthetical) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

$ 17,957.1

$ 17,853.9

^[1]

$ 18,914.5

Franchise fees

Americas | United States | Franchise fees

16.6

14.4

14.8

$ 10.1

$ 10.7

$ 11.9

[1]	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.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Summary of Rollforward of Allowance for Doubtful Accounts

Changes in allowance for expected credit losses are as follows:


	Balance at Beginning of Year		Provision for Credit Losses		Write-Offs				Currency Impact and Other			Balance at End of Year

2025	$	67.6	$	7.1	$	(11.2	)		$	10.6		$	74.1
2024		99.2		9.0		(35.6	)	(a)		(5.0	)		67.6
2023		109.3		5.4		(18.2	)			2.7			99.2

(a)

Includes a $24.7 bad debt write-off in Italy to secure tax benefits.

Schedule of Changes in Restructuring Reserve

Changes in the restructuring reserve by reportable segment and Corporate are shown below:


	Americas(a)			Southern Europe(b)			Northern Europe			APME			Corporate			Total

Balance, December 31, 2023	$	4.8		$	5.9		$	78.9		$	0.4		$	—		$	90.0
Severance costs		8.6			5.4			28.8			2.8			1.9			47.5
Lease costs(c)		0.5			0.1			2.8			—			—			3.4
Other costs		0.1			0.8			1.8			—			—			2.7
Non-cash charges		(0.5	)		(0.1	)		(2.8	)		—			—			(3.4	)
Costs paid		(7.8	)		(7.7	)		(77.4	)		(0.8	)		—			(93.7	)
Balance, December 31, 2024	$	5.7		$	4.4		$	32.1		$	2.4		$	1.9		$	46.5
Severance costs		5.1			15.4			42.1			0.1			(1.2	)		61.5
Lease costs(c)		1.1			—			1.6			—			—			2.7
Non-cash charges		(1.1	)		—			(1.6	)		—			—			(2.7	)
Costs paid		(8.1	)		(11.8	)		(50.0	)		(2.3	)		(0.7	)		(72.9	)
Balance, December 31, 2025	$	2.7		$	8.0		$	24.2		$	0.2		$	—		$	35.1

(a)

(b)

(c)

Liabilities related to exited leased facilities are recorded within our short-term and long-term operating lease liabilities within our Consolidated Balance Sheets.

Schedule of Fair Value of Assets and Liabilities Measured on a Recurring Basis

The assets and liabilities measured and recorded at fair value on a recurring basis were as follows:


	Fair Value Measurements Using								Fair Value Measurements Using


	December 31, 2025		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		December 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Assets
Deferred compensation plan assets	$	188.6	$	188.6	$	—	$	—	$	165.4	$	165.4	$	—	$	—
Cross-currency swaps		14.6		—		14.6		—		10.3		—		10.3		—
	$	203.2	$	188.6	$	14.6	$	—	$	175.7	$	165.4	$	10.3	$	—
Liabilities
Cross-currency swaps	$	102.9	$	—	$	102.9	$	—	$	37.0	$	—	$	37.0	$	—
Foreign currency forward contracts		0.8		—		0.8		—		0.7		—		0.7		—
	$	103.7	$	—	$	103.7	$	—	$	37.7	$	—	$	37.7	$	—

Schedule of Goodwill, Finite-Lived Intangible Assets and Indefinite-Lived Intangible Assets

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


	December 31, 2025						December 31, 2024


	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net

Goodwill(a)	$	1,544.6	$	—	$	1,544.6	$	1,563.4	$	—	$	1,563.4
Intangible assets:
Finite-lived:
Customer relationships	$	833.2	$	556.1	$	277.1	$	814.2	$	509.1	$	305.1
Other		25.3		23.0		2.3		24.4		21.3		3.1
		858.5		579.1		279.4		838.6		530.4		308.2
Indefinite-lived:
Tradenames(b)		52.0		—		52.0		52.0		—		52.0
Reacquired franchise rights(c)		98.7		—		98.7		125.9		—		125.9
		150.7		—		150.7		177.9		—		177.9
Total intangible assets	$	1,009.2	$	579.1	$	430.1	$	1,016.5	$	530.4	$	486.1

(a)

Balances were net of accumulated impairment loss of $807.4 and $749.3 as of December 31, 2025 and 2024, respectively.

(b)

Balances were net of accumulated impairment loss of $139.5 as of both December 31, 2025 and 2024.

(c)

Balances were net of accumulated impairment loss of $30.6 and none as of December 31, 2025 and 2024, respectively.

Summary of Property and Equipment

A summary of property and equipment as of December 31 is as follows:


	2025		2024

Land	$	0.5	$	0.4
Buildings		6.3		6.0
Furniture, fixtures, and autos		153.5		145.6
Computer equipment		107.9		106.1
Leasehold improvements		258.7		230.1
Property and equipment	$	526.9	$	488.2

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax [Line Items]
Tax provision at the U.S. federal statutory rate, Percentage		21.00%	21.00%	21.00%
Pretax income of non-United States operations		$ 97.7	$ 246.0	$ 165.2
Tax loss carryforwards		25.6	27.4
Accumulated unremitted earnings of non-United States subsidiaries that are considered to be indefinitely reinvested		372.0
Accumulated unremitted earnings of non-United States subsidiaries that may be remitted		1,662.1
Deferred tax liability, undistributed foreign earnings		31.3	24.2
Deferred tax asset on net operating losses		238.9
Valuation allowance, net operating losses		206.8
Tax credit carryforward, valuation allowance		13.4
Gross unrecognized tax benefits		41.4	36.1	32.8
Interest and penalties related to unrecognized tax benefits		$ 0.4	0.5	$ 0.6
Income tax examination year under examination		2018		2025
Gross recognized tax benefits		$ 10.0
Reduction in accrued interest and penalties related to unrecognized tax benefits	$ 4.2
Recognition of tax benefit	$ 10.8			$ 10.8
Change in unrecognized tax benefits				$ (48.8)
Income Tax, Penalty Recognition, Classification [Extensible Enumeration]		Interest And Other Non Operating Expenses
United States Federal and Non-United States
Income Tax [Line Items]
Deferred tax liability, undistributed foreign earnings		$ 28.2	25.9
Net operating loss carryforwards		1,303.1
United States State
Income Tax [Line Items]
Net operating loss carryforwards		$ 178.4	$ 178.4

Retirement and Deferred Compensation Plans - Schedule of Changes in Fair Value of Pension Assets Measured Using Level 3 Inputs (Details) - Pension Plan [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, beginning of year	$ 150.7	$ 154.3
Actual return on plan assets	(15.9)	4.4
Purchases, sales and settlements, net	(17.6)	0.0
Currency exchange rate changes	17.9	(8.0)
Fair value of plan assets, end of year	$ 135.1	$ 150.7

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

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Retirement and Deferred Compensation Plans - Schedule of Weighted-Average Assumptions Used in Measurement of Benefit Obligation and Net Periodic Benefit Cost (Details) - Pension Plan [Member]	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.10%	2.70%
Rate of compensation increase	1.40%	1.50%
Interest crediting rates for cash balance plans	1.80%	2.60%	2.60%
Discount rate - service cost	2.70%	2.70%	3.20%
Expected long-term return on plan assets	3.40%	3.40%	3.50%
Rate of compensation increase	1.50%	1.90%	1.90%
UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.00%	5.50%
Rate of compensation increase	1.40%	1.40%
Discount rate - service cost	5.50%	5.20%	5.40%
Rate of compensation increase	1.40%	1.40%	1.30%

Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss, Net of Tax (Parenthetical) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
(Loss) gain on derivative instruments, net of income tax benefit
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, income taxes	$ (21.4)	$ (0.7)
Accumulated Gain Loss Net Cash Flow Hedge Parent Member
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, income taxes	19.2	19.1
Defined benefit pension plans and Retiree health care plan \| Defined benefit pension plans, net of income tax benefit
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, income taxes	(16.4)	(20.6)
Defined benefit pension plans and Retiree health care plan \| Retiree health care plan, net of income taxes
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, income taxes	1.8	2.1
Gain on interest rate swap, net of income taxes
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss, income taxes	$ 0.1	$ 0.2

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Calculations of Net (Loss) Earnings Per Share - Basic and Diluted

Net (Loss) Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

The calculation of net (loss) earnings per share - basic and net (loss) earnings per share - diluted were as follows:


Year Ended December 31	2025			2024		2023

Net (loss) earnings available to common shareholders:	$	(13.3	)	$	145.1	$	88.8
Weighted-average common shares outstanding (in millions):
Weighted-average common shares outstanding – basic		46.6			47.8		49.8
Effect of share-based awards		—			0.5		0.6
Weighted-average common shares outstanding – diluted		46.6			48.3		50.4
Net (loss) earnings per share – basic	$	(0.29	)	$	3.04	$	1.78
Net (loss) earnings per share – diluted	$	(0.29	)	$	3.01	$	1.76

Schedule II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2025

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II—Valuation and Qualifying Accounts

For the years ended December 31, 2025, 2024 and 2023, in millions:

Allowance for Expected Credit Losses:


	Balance at Beginning of Year		Provision for Credit Losses		Write-Offs			Currency Impact and Other			Balance at End of Year

2025	$	67.6	$	7.1	$	(11.2	)	$	10.6		$	74.1
2024		99.2		9.0		(35.6	)		(5.0	)		67.6
2023		109.3		5.4		(18.2	)		2.7			99.2

Valuation Allowance for Deferred Tax Assets


	Balance at Beginning of Year		Charged to Income Tax Expense		Charged to Other Accounts(a)			Balance at End of Year

2025	$	222.9	$	22.8	$	16.8		$	262.5
2024		219.8		34.1		(31.0	)		222.9
2023		161.1		53.5		5.2			219.8

(a)

Reflects other increases (decreases) to our valuation allowance that did not impact total tax expense, including the effects of currency and other comprehensive income/loss.

Interest and Other Expenses, Net

12 Months Ended

Dec. 31, 2025

Other Nonoperating Income (Expense) [Abstract]

Interest and Other Expenses, Net

(11) Interest and Other Expenses, Net

Interest and other expenses, net consisted of the following:


Year Ended December 31	2025			2024			2023

Interest expense	$	95.4		$	90.0		$	79.7
Interest income		(27.8	)		(33.3	)		(34.2	)
Foreign exchange loss		6.5			6.2			21.8
Miscellaneous income, net		(17.4	)		(13.7	)		(17.4	)
Interest and other expenses, net	$	56.7		$	49.2		$	49.9

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Operating Leases
Operating lease right-of-use assets	$ 392.7	$ 361.3
Short-term operating lease liability	107.4	98.6
Long-term operating lease liability	304.3	$ 279.0
Total operating lease liabilities	$ 411.7

Retirement and Deferred Compensation Plans - Schedule of Plans with Projected Benefit Obligation in Excess of Fair Value of Plan Assets (Details) - Pension Plan [Member] - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 31.9	$ 123.8
Plan assets	$ 20.5	$ 96.9

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Derivative Financial Instruments - Impact of Changes in Fair Values of Derivatives Designated as Cash Flow Hedges on OCI, AOCL and Earnings (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Derivative [Line Items]
Gain (Loss) Reclassified from AOCL into Income	$ 0.3	$ 0.3
Forward starting interest swap \| Cash flow hedge \| Designated as hedging instrument
Derivative [Line Items]
Gain Recognized in OCI	$ 0.0	$ 0.0

Retirement and Deferred Compensation Plans - Schedule of Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Loss (Income) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Pension Plan [Member]
Net Periodic Benefit Cost
Service cost	$ 15.4	$ 16.5	$ 15.5
Interest cost	19.9	19.4	21.1
Expected return on assets	(20.7)	(18.9)	(19.0)
Settlements	2.6	1.8	6.7
Net loss (gain)	0.3	(1.5)	(3.3)
Prior service cost	0.7	0.7	0.7
Net periodic benefit cost	18.2	18.0	21.7
Other Changes in Plan Assets and Benefit Obligation Recognized in Other Comprehensive Income/Loss
Net (gain) loss	(33.7)	(25.7)	31.9
Prior service credit	0.0	0.0	(1.2)
Amortization of net loss	(2.9)	(3.0)	(3.7)
Amortization of prior service credit	(0.7)	(0.7)	(0.7)
Total recognized in other comprehensive income/loss	(37.3)	(29.4)	26.3
Total recognized in net periodic benefit cost and other comprehensive income/loss	(19.1)	(11.4)	48.0
Postretirement Health Coverage [Member]
Net Periodic Benefit Cost
Interest cost	0.4	0.5	0.5
Prior service cost	(0.8)	(0.8)	(0.8)
Net periodic benefit cost	(0.4)	(0.3)	(0.3)
Other Changes in Plan Assets and Benefit Obligation Recognized in Other Comprehensive Income/Loss
Net (gain) loss	0.4	(1.1)	(1.0)
Amortization of prior service credit	0.8	0.8	0.8
Total recognized in other comprehensive income/loss	1.2	(0.3)	(0.2)
Total recognized in net periodic benefit cost and other comprehensive income/loss	$ 0.8	$ (0.6)	$ (0.5)

Leases

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Leases

(13) Leases

The components of lease expense were as follows:


Year Ended December 31	2025		2024		2023

Operating lease expense	$	135.2	$	129.7	$	137.4
Short-term lease expense		18.5		15.3		4.9
Variable lease expense		7.1		6.8		13.1
Total lease expense	$	160.8	$	151.8	$	155.4

Other information related to leases was as follows:


Year Ended December 31	2025			2024			2023
Cash paid for amounts included in the measurement of liabilities	$	130.9		$	119.7		$	132.0
Right-of-use assets obtained in exchange for new liabilities		100.5			82.2			135.6
Weighted-average remaining lease term – operating leases	5.2 years			5.2 years			5.6 years
Weighted-average discount rate – operating leases		4.0	%		4.0	%		3.8	%

Maturities of operating lease liabilities as of December 31, 2025 were as follows:


	Operating Leases
2026	$	122.0
2027		96.7
2028		74.5
2029		53.9
2030		41.9
Thereafter		69.6
Total future undiscounted lease payments		458.6
Less imputed interest		(46.9	)
Total operating lease liabilities	$	411.7

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current Assets
Allowance for doubtful accounts	$ 74.1	$ 67.6
Accumulated amortization on intangible assets	$ 579.1	$ 530.4
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	25,000,000	25,000,000
Preferred stock, issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	125,000,000	125,000,000
Common stock, issued (in shares)	119,161,780	118,853,620
Treasury Stock, Shares	72,864,513	72,105,407

Net Earnings Per Share - Calculations of Net Earnings Per Share - Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net earnings available to common shareholders	$ (13.3)	$ 145.1	$ 88.8
Weighted-average common shares outstanding (in millions):
Weighted-average common shares outstanding - basic	46.6	47.8	49.8
Weighted average shares - diluted	46.6	48.3	50.4
Net (loss) earnings per share - basic	$ (0.29)	$ 3.04	$ 1.78
Net (loss) earnings per share - diluted	$ (0.29)	$ 3.01	$ 1.76
Effect of other share-based awards
Weighted-average common shares outstanding (in millions):
Effect of dilutive securities	0.0	0.5	0.6

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Net (loss) earnings	$ (13.3)	$ 145.1	$ 88.8
Other comprehensive income (loss):
Foreign currency translation	92.5	(81.0)	108.5
Translation adjustments on long-term intercompany loans, net of income taxes of $0.1, $0.0 and $0.0, respectively	(0.4)	0.4	(0.8)
Adjustments on derivative instruments, net of income taxes of $(20.7), $22.0 and $(17.4), respectively	(92.9)	76.6	(91.0)
Unrealized adjustments on interest rate swap, net of income taxes of $(0.1) for all years	(0.3)	(0.3)	(0.3)
Defined benefit pension plans and retiree health care plan, net of income taxes of $3.5, $1.7 and $(3.7), respectively	30.0	23.5	(29.5)
Pension settlements, net of income taxes of $0.4, $0.8 and $1.2, respectively	2.0	3.8	5.8
Total other comprehensive income (loss)	30.9	23.0	(7.3)
Comprehensive income	$ 17.6	$ 168.1	$ 81.5

Debt

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Debt

(8) Debt

Information concerning short-term borrowings is as follows:


December 31	2025			2024

Short-term borrowings	$	34.6		$	21.0
Weighted-average interest rates		13.3	%		33.3	%

We maintain separate bank credit lines with financial institutions to meet working capital needs of our subsidiary operations. As of December 31, 2025, such uncommitted credit lines totaled $363.1, of which $325.0 was unused. Under our revolving credit agreement, total subsidiary borrowings cannot exceed $300.0 in the first, second and fourth quarters, and $600.0 in the third quarter of each year. Due to these limitations, additional borrowings of $261.9 could have been made under these lines as of December 31, 2025.

A summary of long-term debt is as follows:


December 31	2025		2024

Euro-denominated notes:
€500.0 due June 2026	$	586.9	$	516.6
€400.0 due June 2027		468.3		411.8
€500.0 due December 2030		583.8		—
Other		3.5		3.4
		1,642.5		931.8
Less current maturities		590.4		2.4
Long-term debt	$	1,052.1	$	929.4

Euro Notes

On December 15, 2025, we offered and sold €500.0 aggregate principal amount of the Company’s 3.750% notes due December 2030 (the “2025 €500.0 notes”). The net proceeds from the 2025 €500.0 notes of €497.4 were used in January 2026 to redeem our 2018 €500.0 notes due June 22, 2026. The 2025 €500.0 notes were issued at a price of 99.839% to yield an effective interest rate of 3.786%. Interest on the 2025 €500.0 notes is payable in arrears on December 13 of each year. The 2025 €500.0 notes are unsecured senior obligations and rank equally with all of the Company’s existing and future senior unsecured debt and other liabilities.

On June 30, 2022, we offered and sold €400.0 aggregate principal amount of the Company’s 3.50% notes due June 30, 2027 (the “2022 €400.0 notes”). The proceeds from the 2022 €400.0 notes were used in July 2022 to redeem our €400.0 1.875% notes due September 11, 2022. The 2022 €400.0 notes were issued at a price of 99.465% to yield an effective interest rate of 3.514%, net of a favorable impact of a forward starting interest rate swap. Interest on the Notes is payable in arrears on June 30 of each year. The Notes are unsecured senior obligations and rank equally with all of the Company’s existing and future senior unsecured debt and other liabilities.

On June 22, 2018, we offered and sold €500.0 aggregate principal amount of the Company’s 1.750% notes due June 2026 (the “2018 €500.0 notes”). The net proceeds from the 2018 €500.0 notes of €495.7 were used to repay our €350.0 notes due June 22, 2018, with the remaining balance used for general corporate purposes, which included share repurchases. The 2018 €500.0 notes were issued at a price of 99.564% to yield an effective interest rate of 1.809%. We redeemed those notes in January 2026 using the proceeds from the 2025 €500.0 notes.

Both the 2018 €500.0 notes and 2022 €400.0 notes contain certain customary non-financial restrictive covenants and events of default and are unsecured senior obligations and rank equally with all of our existing and future senior unsecured debt and other liabilities. These notes have been designated as a hedge of our net investment in subsidiaries with a Euro-functional currency as of December 31, 2025. Since our net investment in these subsidiaries exceeds the respective amount of the designated borrowings, the related translation gains or losses are included as a component of accumulated other comprehensive loss. (See Note 12 to the Consolidated Financial Statements for further information.)

Revolving Credit Agreement

On December 15, 2025, we entered into a new $600.0 five-year Credit Agreement (the “Credit Agreement”) with a syndicate of commercial banks to replace our previous $600.0 revolving credit facility. The Credit Agreement includes increased allowances for restructuring and related charges added back to earnings for covenant calculations and other terms, generally consistent with our previous revolving credit facility. The Credit Agreement allows for borrowing of $600.0 in various currencies, and up to $150.0 may be used for the issuance of stand-by letters of credit. We may request an increase in revolving credit commitments under the facility of up to $300.0 in certain circumstances.

We had no borrowings under our $600.0 credit facility as of December 31, 2025 and 2024. Outstanding letters of credit issued totaled $0.4, hence additional borrowings of $599.6 were available to us under the facility as of both December 31, 2025 and 2024.

Under the Credit Agreement, a credit ratings-based pricing grid determines the facility fee and the credit spread that we add to the applicable interbank borrowing rate on all borrowings. At our current credit rating, the annual facility fee is 12.5 basis points paid on the entire facility and the credit spread is 112.5 basis points on any borrowings.

The Credit Agreement contains customary restrictive covenants pertaining to our management and operations, including limitations on the amount of subsidiary debt that we may incur, limitation on dividends and share repurchases if our leverage ratio (Net Debt-to-EBITDA) exceeds 3.0 to 1. EBITDA is defined as net earnings before interest and other expenses, provision for income taxes, intangible asset amortization expense and depreciation and amortization expense. The agreement also includes limitations on our ability to pledge assets, as well as financial covenants requiring that we comply with a maximum leverage ratio of 3.5 to 1 and a minimum fixed charge coverage ratio of 1.5 to 1.

For covenant purposes, net debt is defined as total debt less cash in excess of $200.0 through December 31, 2025 and less cash in excess of $300.0 thereafter. The agreement allows certain restructuring expenses to be excluded from EBITDA, up to fixed annual amounts for 2025, 2026 and 2027, and up to 15% of EBITDA beginning in 2028.

The Credit Agreement contains customary events of default, including, among others, payment defaults, material inaccuracy of representations and warranties, covenant defaults, bankruptcy or involuntary proceedings, certain monetary and non-monetary judgments, change of control and customary ERISA defaults.

The maturities of long-term debt payable within each of the four years subsequent to December 31, 2026 are as follows: 2027- $468.3, 2028 - $0.0, 2029 - $0.0, 2030 - $583.8.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 23: http://www.xbrl.org/2003/role/disclosureRef
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Derivative Financial Instruments - Additional Information (Details) € in Millions, $ in Millions					12 Months Ended
	Sep. 10, 2025 USD ($)	Sep. 26, 2024 USD ($)	Apr. 30, 2024 USD ($)	Jun. 09, 2022 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2025 EUR (€)	Dec. 31, 2025 USD ($)	Dec. 15, 2025 EUR (€)	Dec. 13, 2025 EUR (€)	Dec. 31, 2024 EUR (€)	Sep. 26, 2024 EUR (€)	Apr. 30, 2024 EUR (€)	Dec. 31, 2023 EUR (€)	Sep. 11, 2022	Jun. 30, 2022 EUR (€)	Jun. 09, 2022 EUR (€)	Jun. 22, 2018 EUR (€)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt											€ 500.0
Net cash inflow \| $					$ (59.2)	$ (68.2)	$ (74.1)
Forward agreement notional amount \| $	$ 413.8
Forward agreement gain/loss \| $				$ 2.0
Interest expense \| $					(95.4)	$ (90.0)	$ (79.7)
Cash flow hedge
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt																		€ 400.0
Forward agreement notional amount																		€ 300.0
Forward agreement interest rate																		1.936%
Fair value hedge
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt													€ 63.6	€ 236.9
Net cash inflow \| $		$ 1.6	$ 14.9
First Tranche
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Forward agreement maturity date	Sep. 10, 2026
Second Tranche
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Forward agreement maturity date	Sep. 10, 2027
Third Tranche
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Forward agreement maturity date	Sep. 11, 2028
Euro-denominated notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment Owned								€ 500.0
Cross-currency swap \| Fair value hedge
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed annual interest rate													3.27%	3.45%
Notes due September 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt																	€ 400.0
Fixed annual interest rate																1.875%
Notes Due June 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt								400.0				€ 400.0			€ 400.0		€ 400.0
Fixed annual interest rate																	3.50%
Notes Due June 2026
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt										€ 500.0		€ 500.0			€ 500.0				€ 500.0
Fixed annual interest rate																			1.75%
Notes Due June 2026 \| Euro-denominated notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment Owned								500.0
Designated as hedging instrument
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Forward agreement gain/loss \| $					99.6
Foreign currency translation within Accumulated Other Comprehensive Loss \| $									$ 82.2
Interest expense \| $					$ 17.4
Designated as hedging instrument \| Notes due September 2022 \| Euro-denominated notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt								400.0
Designated as hedging instrument \| Notes Due June 2027 \| Euro-denominated notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt								400.0	468.3
Designated as hedging instrument \| Notes Due June 2026 \| Euro-denominated notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt								€ 500.0	$ 586.9

Contingencies - Additional Information (Details) $ in Millions	Dec. 31, 2025 USD ($)
Loss Contingencies [Line Items]
Loss contingency	$ 626.1
Guarantees
Loss Contingencies [Line Items]
Loss contingency	582.3
Stand-by letters of credit
Loss Contingencies [Line Items]
Loss contingency	$ 43.8

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/exampleRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Acquisitions and Dispositions

Acquisitions and Dispositions

12 Months Ended

Dec. 31, 2025

Business Combination [Abstract]

(4) Acquisitions and Dispositions

Acquisitions

From time to time, we acquire and invest in companies throughout the world, including franchises. The total cash consideration paid for acquisitions, net of cash acquired, for the years ended December 31, 2025, 2024, and 2023 was $2.3, $7.7 and $0.0, respectively. The 2025 payments mainly represent a contingent consideration payment related to a previous acquisition. The 2024 payments represent a consideration payment for a franchise in the United States and contingent consideration payments related to a previous acquisition.

As of December 31, 2025, goodwill and other intangible assets resulting from the 2025 acquisitions were $0.9 and $0.0, respectively. As of December 31, 2024, goodwill and other intangible assets resulting from the 2024 acquisitions were $1.4 and $3.1, respectively.

Dispositions

Occasionally, we dispose of parts of our operations based on risk considerations and to optimize our global strategic and geographic footprint as well as improve our overall efficiency. On May 31, 2025, we disposed of our New Caledonia business in our APME segment and simultaneously entered into a franchise agreement. In connection with this transaction, we recognized a one-time net loss on disposition of $1.4, of which $0.2 was included in selling and administrative expenses and $1.2 was included in interest and other expenses in the Consolidated Statements of Operations in the year ended December 31, 2025.

On May 30, 2025, we disposed of our South Africa business in our Northern Europe segment in exchange for a non-interest-bearing loan receivable of $1.4 and simultaneously entered into a franchising agreement. We recognized a one-time net loss on disposition of $4.8, of which $2.2 was included in selling and administrative expenses and $2.6 was included in interest and other expenses in the Consolidated Statements of Operations in the year ended December 31, 2025.

On November 1, 2024, we disposed of our South Korea business in our APME segment for cash proceeds of $20.6 and simultaneously entered into a franchising agreement under which the new ownership will operate Manpower Korea under the Manpower brand. In connection with the disposition, we recognized a one-time net loss on disposition of $0.4, consisting of a $3.3 gain in selling and administrative expenses and a $3.7 loss in interest and other expenses in the Consolidated Statements of Operations in the year ended December 31, 2024. The franchise arrangement represents a significant component of the transaction. Our South Korea business contributed $349.9 of revenues for the year ended December 31, 2023.

On October 15, 2024, we disposed of our Austria business in our Southern Europe segment for cash proceeds of $0.1 and simultaneously entered into a franchising agreement. In connection with the disposition, we recognized a one-time net loss on disposition of $7.7, of which $4.9 was included in selling and administrative expenses and $2.8 was included in interest and other expenses in the Consolidated Statements of Operations in the year ended December 31, 2024.

On September 29, 2023, we disposed of our Philippines business in our APME segment for total consideration of $6.5. In connection with the disposition, we recognized a one-time net loss on disposition of $1.3, which was included in interest and other expenses in the Consolidated Statements of Operations in the year ended December 31, 2023.

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Income Statement [Abstract]

$ 17,957.1

$ 17,853.9

^[1]

$ 18,914.5

Selling and administrative expenses, excluding impairment charges

14,959.5

14,767.1

15,556.5

Gross profit

2,997.6

3,086.8

3,358.0

2,758.8

2,780.8

3,047.1

Impairment charges

88.7

^[2]

0.0

55.1

Selling and administrative expenses

2,847.5

2,780.8

3,102.2

Operating profit

150.1

306.0

255.8

Interest and other expenses, net

56.7

49.2

49.9

Earnings before income taxes

93.4

256.8

205.9

Provision for income taxes

106.7

111.7

117.1

Net (loss) earnings

$ (13.3)

$ 145.1

$ 88.8

Net (loss) earnings per share - basic

$ (0.29)

$ 3.04

$ 1.78

Net (loss) earnings per share - diluted

$ (0.29)

$ 3.01

$ 1.76

Weighted average shares - basic

46.6

47.8

49.8

Weighted average shares - diluted

46.6

48.3

50.4

[1]	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.
[2]	Impairment charges for the year ended December 31, 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.

Goodwill - Changes in Carrying Value of Goodwill by Reportable Segment (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

$ 1,563.4

^[1],[2]

$ 1,586.8

0.9

1.4

Goodwill impairment charges

(0.7)

(88.7)

^[3]

0.0

$ (55.1)

^[4]

(58.1)

39.1

(24.8)

Reportable segments | Americas

1,544.6

^[1],[2]

1,563.4

^[1],[2]

1,586.8

^[5]

1,048.2

^[1]

1,050.4

^[5]

0.0

1.4

^[5]

0.0

^[4],[5]

0.0

^[5]

2.2

(3.6)

Reportable segments | Southern Europe

^[5]

1,050.4

^[1]

1,048.2

^[1]

1,050.4

^[6]

145.3

^[1]

154.7

^[6]

0.0

^[6]

0.0

^[4],[6]

(24.7)

^[6]

19.3

(9.4)

Reportable segments | Northern Europe

^[6]

139.9

^[1]

145.3

^[1]

154.7

181.4

^[1]

188.0

0.0

(0.7)

^[4]

(33.4)

17.4

(6.6)

Reportable segments | APME

164.7

^[1]

181.4

^[1]

188.0

63.0

^[1]

67.7

0.9

0.0

0.0

^[4]

0.0

0.2

(4.7)

64.1

^[1]

63.0

^[1]

67.7

Corporate

^[7]

125.5

^[1]

126.0

^[7]

0.0

^[7]

0.0

^[4],[7]

0.0

^[7]

0.0

(0.5)

^[7]

$ 125.5

^[1]

$ 125.5

^[1]

$ 126.0

[1]	Balances were net of accumulated impairment loss of $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 January 1, 2024 and December 31, 2024; and $807.4 ($24.7 related to Southern Europe, $265.5 related to Northern Europe, $3.8 related to APME, $235.2 related to Right Management and $278.2 related to Corporate) as of December 31, 2025.
[2]	Balances were net of accumulated impairment loss of $807.4 and $749.3 as of December 31, 2025 and 2024, respectively.
[3]	Impairment charges for the year ended December 31, 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.
[4]	The impairment charges relate to our Switzerland and United Kingdom reporting units, which were recorded during the second quarter of 2025. See Note 1 to the Consolidated Financial Statements for further information.
[5]	Balances related to United States were $1,005.8, $1,007.2 and $1,007.2 as of January 1, 2024, December 31, 2024 and December 31, 2025, respectively.
[6]	Balances related to France were $75.6, $70.9 and $80.5 as of January 1, 2024, December 31, 2024 and December 31, 2025, respectively. Balances related to Italy were $3.8, $3.5 and $4.0 as of January 1, 2024, December 31, 2024 and December 31, 2025, respectively.
[7]	The majority of the Corporate balance as of January 1, 2024, December 31, 2024 and 2025 relates to goodwill attributable to our acquisitions of Right Management ($62.1) and Jefferson Wells ($55.5). Jefferson Wells is part of the United States reporting unit. Right Management is allocated to the reporting units of the countries in which Right Management operates. For purposes of monitoring our total assets by segment, we do not allocate the Corporate balance to the respective reportable segments as this is commensurate with how we operate our business. We do, however, include these balances within the appropriate reporting units for our goodwill impairment testing.

Summary of Significant Accounting Policies - Schedule of Goodwill, Finite-Lived Intangible Assets and Indefinite-Lived Intangible Assets (Parenthetical) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Total intangible assets
Goodwill, accumulated impairment loss	$ 807.4	$ 749.3	$ 749.3
Tradenames
Total intangible assets
Indefinite-lived, accumulated impairment loss	139.5	139.5
Reacquired Franchise Rights [Member]
Total intangible assets
Indefinite-lived, accumulated impairment loss	$ 30.6	$ 0.0

Share-Based Compensation Plans - Schedule of Options Outstanding and Exercisable (Details) - Employee Stock Option shares in Thousands	12 Months Ended
	Dec. 31, 2025 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options outstanding, shares (in shares) \| shares	710
Options outstanding, weighted-average remaining contractual life	2 years 10 months 24 days
Options outstanding, weighted-average exercise price (in dollars per share) \| $ / shares	$ 92
Options exercisable, shares (in shares) \| shares	710
Options exercisable, weighted-average exercise price (in dollars per share) \| $ / shares	$ 92
$75-$80
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options outstanding, shares (in shares) \| shares	103
Options outstanding, weighted-average remaining contractual life	1 month 6 days
Options outstanding, weighted-average exercise price (in dollars per share) \| $ / shares	$ 75
Options exercisable, shares (in shares) \| shares	103
Options exercisable, weighted-average exercise price (in dollars per share) \| $ / shares	$ 75
$81-$89
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options outstanding, shares (in shares) \| shares	153
Options outstanding, weighted-average remaining contractual life	3 years 2 months 12 days
Options outstanding, weighted-average exercise price (in dollars per share) \| $ / shares	$ 84
Options exercisable, shares (in shares) \| shares	153
Options exercisable, weighted-average exercise price (in dollars per share) \| $ / shares	$ 84
$90-$95
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options outstanding, shares (in shares) \| shares	286
Options outstanding, weighted-average remaining contractual life	4 years 7 months 6 days
Options outstanding, weighted-average exercise price (in dollars per share) \| $ / shares	$ 93
Options exercisable, shares (in shares) \| shares	286
Options exercisable, weighted-average exercise price (in dollars per share) \| $ / shares	$ 93
$96-$123
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options outstanding, shares (in shares) \| shares	168
Options outstanding, weighted-average remaining contractual life	1 year 7 months 6 days
Options outstanding, weighted-average exercise price (in dollars per share) \| $ / shares	$ 109
Options exercisable, shares (in shares) \| shares	168
Options exercisable, weighted-average exercise price (in dollars per share) \| $ / shares	$ 109

Debt - Summary of Long-Term Debt (Parenthetical) (Details) - EUR (€) € in Millions	Dec. 31, 2025	Dec. 15, 2025	Dec. 13, 2025	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2022	Jun. 22, 2018
Debt Instrument [Line Items]
Principal amount			€ 500.0
Notes due June 2026
Debt Instrument [Line Items]
Principal amount		€ 500.0		€ 500.0	€ 500.0		€ 500.0
Notes Due June 2027
Debt Instrument [Line Items]
Principal amount	€ 400.0			€ 400.0	€ 400.0	€ 400.0

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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Reference 30: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 31: http://www.xbrl.org/2009/role/commonPracticeRef
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Summary of Significant Accounting Policies - Schedule of Changes in Restructuring Reserve (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

$ 160.8

$ 151.8

$ 155.4

(72.9)

(93.7)

35.1

Reportable segments

46.5

90.0

61.5

47.5

^[1]

2.7

3.4

2.7

(2.7)

(3.4)

(72.9)

(93.7)

Reportable segments | Americas

35.1

46.5

90.0

^[2]

5.7

4.8

^[2]

5.1

8.6

^[1],[2]

1.1

0.5

^[2]

0.1

^[2]

(1.1)

(0.5)

^[2]

(8.1)

(7.8)

Reportable segments | Southern Europe

^[2]

2.7

5.7

4.8

^[3]

4.4

5.9

^[3]

15.4

5.4

^[1],[3]

0.0

0.1

^[3]

0.8

^[3]

0.0

(0.1)

^[3]

(11.8)

(7.7)

Reportable segments | Northern Europe

^[3]

8.0

4.4

5.9

32.1

78.9

42.1

28.8

^[1]

1.6

2.8

1.8

(1.6)

(2.8)

(50.0)

(77.4)

Reportable segments | APME

24.2

32.1

78.9

2.4

0.4

0.1

2.8

^[1]

0.0

0.0

0.0

(2.3)

(0.8)

0.2

2.4

0.4

Corporate

1.9

0.0

(1.2)

1.9

^[1]

0.0

0.0

0.0

(0.7)

0.0

$ 0.0

$ 1.9

$ 0.0

[1]	Liabilities related to exited leased facilities are recorded within our short-term and long-term operating lease liabilities within our Consolidated Balance Sheets.
[2]	Balance related to United States was $3.7 as of December 31, 2023. In 2024, United States incurred $6.0 for severance costs, $0.1 for other costs and paid $5.8, leaving a $4.0 liability as of December 31, 2024. In 2025, United States incurred $2.6 for severance costs and paid $6.0, leaving a $0.6 liability as of December 31, 2025.
[3]	France had a $2.5 liability as of December 31, 2023. In 2024, France incurred $1.3 for severance costs, $0.5 for other costs and paid $3.1, leaving a $1.2 liability as of December 31, 2024. In 2025, France incurred $5.0 for severance costs and paid $3.1, leaving a $3.1 liability as of December 31, 2025. As of December 31, 2023, Italy had a $1.0 liability. In 2024, Italy incurred $1.9 for severance costs, $0.1 for other costs and paid $1.0, leaving a $2.0 liability as of December 31, 2024. In 2025, Italy incurred $0.4 for severance costs and paid $1.8, leaving a $0.6 liability as of December 31, 2025.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2025

Summary of Significant Accounting Policies

(1) Summary of Significant Accounting Policies

Nature of Operations

Use of Estimates

Basis of Consolidation

Revenues

Accounts Receivable, Contract Assets and Contract Liabilities

Allowance for Expected Credit Losses

Changes in allowance for expected credit losses are as follows:


	Balance at Beginning of Year		Provision for Credit Losses		Write-Offs				Currency Impact and Other			Balance at End of Year

2025	$	67.6	$	7.1	$	(11.2	)		$	10.6		$	74.1
2024		99.2		9.0		(35.6	)	(a)		(5.0	)		67.6
2023		109.3		5.4		(18.2	)			2.7			99.2

(a)

Includes a $24.7 bad debt write-off in Italy to secure tax benefits.

Advertising Costs

We expense production costs of advertising as they are incurred. Advertising expenses were $28.1, $28.3 and $28.9 in 2025, 2024 and 2023, respectively.

Restructuring Costs

Changes in the restructuring reserve by reportable segment and Corporate are shown below:


	Americas(a)			Southern Europe(b)			Northern Europe			APME			Corporate			Total

Balance, December 31, 2023	$	4.8		$	5.9		$	78.9		$	0.4		$	—		$	90.0
Severance costs		8.6			5.4			28.8			2.8			1.9			47.5
Lease costs(c)		0.5			0.1			2.8			—			—			3.4
Other costs		0.1			0.8			1.8			—			—			2.7
Non-cash charges		(0.5	)		(0.1	)		(2.8	)		—			—			(3.4	)
Costs paid		(7.8	)		(7.7	)		(77.4	)		(0.8	)		—			(93.7	)
Balance, December 31, 2024	$	5.7		$	4.4		$	32.1		$	2.4		$	1.9		$	46.5
Severance costs		5.1			15.4			42.1			0.1			(1.2	)		61.5
Lease costs(c)		1.1			—			1.6			—			—			2.7
Non-cash charges		(1.1	)		—			(1.6	)		—			—			(2.7	)
Costs paid		(8.1	)		(11.8	)		(50.0	)		(2.3	)		(0.7	)		(72.9	)
Balance, December 31, 2025	$	2.7		$	8.0		$	24.2		$	0.2		$	—		$	35.1

(a)

(b)

(c)

Liabilities related to exited leased facilities are recorded within our short-term and long-term operating lease liabilities within our Consolidated Balance Sheets.

Income Taxes

Fair Value Measurements

The assets and liabilities measured and recorded at fair value on a recurring basis were as follows:


	Fair Value Measurements Using								Fair Value Measurements Using


	December 31, 2025		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		December 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Assets
Deferred compensation plan assets	$	188.6	$	188.6	$	—	$	—	$	165.4	$	165.4	$	—	$	—
Cross-currency swaps		14.6		—		14.6		—		10.3		—		10.3		—
	$	203.2	$	188.6	$	14.6	$	—	$	175.7	$	165.4	$	10.3	$	—
Liabilities
Cross-currency swaps	$	102.9	$	—	$	102.9	$	—	$	37.0	$	—	$	37.0	$	—
Foreign currency forward contracts		0.8		—		0.8		—		0.7		—		0.7		—
	$	103.7	$	—	$	103.7	$	—	$	37.7	$	—	$	37.7	$	—

Goodwill and Other Intangible Assets

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


	December 31, 2025						December 31, 2024


	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net

Goodwill(a)	$	1,544.6	$	—	$	1,544.6	$	1,563.4	$	—	$	1,563.4
Intangible assets:
Finite-lived:
Customer relationships	$	833.2	$	556.1	$	277.1	$	814.2	$	509.1	$	305.1
Other		25.3		23.0		2.3		24.4		21.3		3.1
		858.5		579.1		279.4		838.6		530.4		308.2
Indefinite-lived:
Tradenames(b)		52.0		—		52.0		52.0		—		52.0
Reacquired franchise rights(c)		98.7		—		98.7		125.9		—		125.9
		150.7		—		150.7		177.9		—		177.9
Total intangible assets	$	1,009.2	$	579.1	$	430.1	$	1,016.5	$	530.4	$	486.1

(a)

Balances were net of accumulated impairment loss of $807.4 and $749.3 as of December 31, 2025 and 2024, respectively.

(b)

Balances were net of accumulated impairment loss of $139.5 as of both December 31, 2025 and 2024.

(c)

Balances were net of accumulated impairment loss of $30.6 and none as of December 31, 2025 and 2024, respectively.

Capitalized Software for Internal Use

Cloud Computing Arrangements

Property and Equipment

A summary of property and equipment as of December 31 is as follows:


	2025		2024

Land	$	0.5	$	0.4
Buildings		6.3		6.0
Furniture, fixtures, and autos		153.5		145.6
Computer equipment		107.9		106.1
Leasehold improvements		258.7		230.1
Property and equipment	$	526.9	$	488.2

Leases

Derivative Financial Instruments

Foreign Currency Translation

As of July 1, 2018, the Argentina economy was designated as highly-inflationary and was treated as such for accounting purposes for all periods presented.

Shareholders’ Equity

Cash and Cash Equivalents

Accounting Standards Effective in 2025

Recently Issued Accounting Standards

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividends per share (in dollars per share)	$ 1.44	$ 3.08	$ 2.94

Debt - Summary of Long-Term Debt (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Debt Instrument [Line Items]
Long-term debt	$ 1,642.5	$ 931.8
Less current maturities	590.4	2.4
Long-term debt	1,052.1	929.4
Revolving Credit Agreement
Debt Instrument [Line Items]
Long-term debt	300.0
Notes due June 2026
Debt Instrument [Line Items]
Long-term debt	586.9	516.6
Notes Due June 2027
Debt Instrument [Line Items]
Long-term debt	468.3	411.8
Notes Due December 2030
Debt Instrument [Line Items]
Long-term debt	583.8	0.0
Other
Debt Instrument [Line Items]
Long-term debt	$ 3.5	$ 3.4

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

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Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

(10) Accumulated Other Comprehensive Loss

The components of AOCL, net of tax, were as follows:


December 31	2025			2024

Foreign currency translation	$	(249.7	)	$	(342.2	)
Translation loss on long-term intercompany loans, net of income taxes of $19.2 and $19.1, respectively		(133.6	)		(133.2	)
(Loss) gain on derivative instruments, net of income tax benefit of $(21.4) and $(0.7), respectively		(53.9	)		39.0
Gain on interest rate swap, net of income taxes of $0.1 and $0.2, respectively		0.5			0.8
Defined benefit pension plans, net of income tax benefit of $(16.4) and $(20.6), respectively		24.0			(8.9	)
Retiree health care plan, net of income taxes of $1.8 and $2.1, respectively		0.6			1.5
Accumulated other comprehensive loss	$	(412.1	)	$	(443.0	)

Summary of Significant Accounting Policies - Summary of Rollforward of Allowance for Doubtful Accounts (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Balance at Beginning of Year

$ 67.6

$ 99.2

$ 109.3

Provision for credit losses

7.1

9.0

5.4

Write-Offs

(11.2)

(35.6)

^[1]

(18.2)

Currency Impact and Other

10.6

(5.0)

2.7

Balance at End of Year

$ 74.1

$ 67.6

$ 99.2

[1]	Includes a $24.7 bad debt write-off in Italy to secure tax benefits.

Summary of Significant Accounting Policies - Schedule of Changes in Restructuring Reserve (Parenthetical) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	$ 35.1
Costs paid or utilized	72.9	$ 93.7
Americas \| United States
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	0.6	4.0	$ 3.7
Severance costs	2.6	6.0
Office closure costs	6.0	5.8
Other costs		0.1
Southern Europe \| France
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	3.1	1.2	2.5
Severance costs	5.0	1.3
Other costs		0.5
Costs paid or utilized	3.1	3.1
Southern Europe \| Italy
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	0.6	2.0	$ 1.0
Severance costs	0.4	1.9
Office closure costs		1.0
Other costs		$ 0.1
Costs paid or utilized	$ 1.8

Goodwill - Changes in Carrying Value of Goodwill by Reportable Segment (Parenthetical) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Goodwill, Impaired, Accumulated Impairment Loss [Abstract]

$ 1,544.6

^[1],[2]

$ 1,563.4

^[1],[2]

$ 1,586.8

Goodwill, Impaired, Accumulated Impairment Loss [Abstract]

807.4

749.3

Impairment Charge

88.7

^[3]

0.0

55.1

Corporate

^[4]

125.5

^[1]

125.5

^[1]

126.0

Goodwill, Impaired, Accumulated Impairment Loss [Abstract]

278.2

Jefferson Wells

Goodwill, Impaired, Accumulated Impairment Loss [Abstract]

(55.5)

Right Management

(62.1)

Americas | Reportable segments

235.2

Goodwill, Impaired, Accumulated Impairment Loss [Abstract]

Goodwill, Impaired, Accumulated Impairment Loss [Abstract]

^[5]

1,050.4

^[1]

1,048.2

^[1]

1,050.4

Americas | United States

Southern Europe | Reportable segments

1,007.2

1,005.8

Goodwill, Impaired, Accumulated Impairment Loss [Abstract]

^[6]

139.9

^[1]

145.3

^[1]

154.7

Goodwill, Impaired, Accumulated Impairment Loss [Abstract]

24.7

Southern Europe | France

Goodwill, Impaired, Accumulated Impairment Loss [Abstract]

80.5

70.9

75.6

Southern Europe | Italy

Northern Europe | Reportable segments

4.0

3.5

3.8

Goodwill, Impaired, Accumulated Impairment Loss [Abstract]

164.7

^[1]

181.4

^[1]

188.0

APME | Reportable segments

265.5

232.1

Goodwill, Impaired, Accumulated Impairment Loss [Abstract]

64.1

^[1]

63.0

^[1]

67.7

$ 3.8

[1]	Balances were net of accumulated impairment loss of $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 January 1, 2024 and December 31, 2024; and $807.4 ($24.7 related to Southern Europe, $265.5 related to Northern Europe, $3.8 related to APME, $235.2 related to Right Management and $278.2 related to Corporate) as of December 31, 2025.
[2]	Balances were net of accumulated impairment loss of $807.4 and $749.3 as of December 31, 2025 and 2024, respectively.
[3]	Impairment charges for the year ended December 31, 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.
[4]	The majority of the Corporate balance as of January 1, 2024, December 31, 2024 and 2025 relates to goodwill attributable to our acquisitions of Right Management ($62.1) and Jefferson Wells ($55.5). Jefferson Wells is part of the United States reporting unit. Right Management is allocated to the reporting units of the countries in which Right Management operates. For purposes of monitoring our total assets by segment, we do not allocate the Corporate balance to the respective reportable segments as this is commensurate with how we operate our business. We do, however, include these balances within the appropriate reporting units for our goodwill impairment testing.
[5]	Balances related to United States were $1,005.8, $1,007.2 and $1,007.2 as of January 1, 2024, December 31, 2024 and December 31, 2025, respectively.
[6]	Balances related to France were $75.6, $70.9 and $80.5 as of January 1, 2024, December 31, 2024 and December 31, 2025, respectively. Balances related to Italy were $3.8, $3.5 and $4.0 as of January 1, 2024, December 31, 2024 and December 31, 2025, respectively.

Derivative Financial Instruments - Schedule of fair value hedges instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Derivative [Line Items]
Gain (Loss) Recognized in Income	$ 0.3	$ 0.3
Not designated as hedging instrument \| Cash flow hedge \| Intercompany Chf note
Derivative [Line Items]
Gain Recognized in OCI	0.0	0.0
Gain (Loss) Recognized in Income	(3.5)	3.8
Not designated as hedging instrument \| Cash flow hedge \| Cross-currency swap
Derivative [Line Items]
Gain Recognized in OCI	(0.3)	0.9
Gain (Loss) Recognized in Income	$ 3.5	$ (3.8)

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash Flows from Operating Activities
Net (loss) earnings	$ (13.3)	$ 145.1	$ 88.8
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	86.0	86.6	88.6
Loss on sales of subsidiaries, net	6.2	8.2	1.3
Non-cash goodwill and other impairment charges	88.7	0.0	57.3
Deferred income taxes	(35.8)	(32.4)	(20.6)
Allowance for expected credit losses	7.1	9.0	5.4
Share-based compensation	26.3	27.3	28.7
Change in operating assets and liabilities:
Accounts receivable	(142.3)	261.1	391.8
Other assets	(74.5)	(131.8)	(45.2)
Accounts payable	(42.5)	15.7	(144.7)
Other liabilities	(10.0)	(79.6)	(103.2)
Cash (used in) provided by operating activities	(104.1)	309.2	348.2
Cash Flows from Investing Activities
Capital expenditures	(57.3)	(51.1)	(78.2)
Acquisitions of businesses, net of cash acquired	(1.0)	(4.9)	0.0
Impact to cash resulting from sales of subsidiaries	(2.1)	(14.6)	0.0
Proceeds from the sale of subsidiaries and property and equipment	1.2	2.4	4.1
Cash used in investing activities	(59.2)	(68.2)	(74.1)
Cash Flows from Financing Activities
Net change in short-term borrowings	14.4	14.0	(12.8)
Proceeds from long-term debt	586.8	3.7	1.0
Repayments of long-term debt	(0.7)	(1.6)	(4.4)
Payments for debt issuance costs	(2.6)	0.0	0.0
Payments of contingent consideration for acquisitions	(1.3)	(2.8)	0.0
Proceeds from share-based awards	0.0	0.8	1.8
Payments to noncontrolling interests	0.0	(0.2)	(0.6)
Other share-based award transactions	(6.2)	(10.5)	(10.4)
Repurchases of common stock	(38.2)	(140.0)	(179.8)
Dividends paid	(66.7)	(145.8)	(144.3)
Cash provided (used in) by financing activities	485.5	(282.4)	(349.5)
Effect of exchange rate changes on cash	39.4	(30.5)	17.7
Change in cash and cash equivalents	361.6	(71.9)	(57.7)
Cash and cash equivalents, beginning of year	509.4	581.3	639.0
Cash and cash equivalents, end of year	871.0	509.4	581.3
Cash paid during the period for:
Interest	97.5	84.9	75.9
Income taxes, net	147.7	187.6	182.2
Operating lease liabilities	130.9	119.7	132.0
Non-cash operating activity:
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 100.5	$ 82.2	$ 135.6

Segment Data - Schedule of Segment Data (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

$ 17,957.1

$ 17,853.9

^[1]

$ 18,914.5

14,959.5

14,767.1

15,556.5

Goodwill impairment charges

2,847.5

2,780.8

3,102.2

Corporate expenses

(184.7)

(146.1)

(153.7)

(88.7)

^[2]

0.0

(55.1)

Intangible asset amortization expense

(31.3)

^[3]

(32.7)

^[4]

(34.6)

^[5]

Operating profit

150.1

306.0

255.8

Interest and other expenses, net

(56.7)

(49.2)

(49.9)

Earnings before income taxes

93.4

256.8

205.9

9,160.1

8,201.0

8,830.2

555.2

^[6]

516.2

^[7]

588.6

^[8]

86.0

86.6

88.6

Reportable segments

842.0

^[9]

329.2

^[10]

495.6

^[11]

10.4

^[6],[9]

7.5

^[7],[10]

10.7

^[8],[11]

Segment Reconciling Items

3.5

^[9]

4.1

^[10]

2.8

^[11]

0.0

^[12]

0.0

^[13]

0.0

^[14]

0.0

^[6],[12]

0.0

^[7],[13]

0.0

^[8],[14]

Intercompany Eliminations

31.3

^[12]

32.7

^[13]

34.6

^[14]

(31.0)

(54.9)

^[1]

(85.9)

(24.9)

(51.3)

(85.9)

(6.1)

(3.6)

0.0

0.0

Americas

3,521.0

3,367.7

3,488.2

91.4

^[6]

91.0

^[7]

104.4

^[8]

11.6

12.3

11.7

Southern Europe

3,685.0

3,291.4

^[15]

3,541.0

^[16]

280.8

^[6]

262.9

^[7],[15]

289.4

^[8],[16]

Northern Europe | Reportable segments

22.0

21.1

^[15]

19.3

^[16]

443.9

597.7

586.3

117.2

^[6]

115.1

^[7]

138.0

^[8]

APME | Reportable segments

11.8

10.9

13.9

668.2

615.0

719.1

55.4

^[6]

39.7

^[7]

46.1

^[8]

United States | Americas | Reportable segments

5.8

5.5

6.3

2,973.4

2,902.4

3,050.4

76.4

^[6]

77.7

^[7]

87.9

^[8]

Other Americas | Americas | Reportable segments

9.2

9.7

9.5

547.6

465.3

437.8

15.0

^[6]

13.3

^[7]

16.5

^[8]

France | Southern Europe | Reportable segments

2.4

2.6

2.2

2,236.5

2,021.2

^[15]

2,222.4

^[16]

180.5

^[6]

171.8

^[7],[15]

182.9

^[8],[16]

Italy | Southern Europe | Reportable segments

15.5

15.2

^[15]

12.7

^[16]

555.2

479.3

^[15]

487.0

^[16]

50.1

^[6]

45.6

^[7],[15]

50.6

^[8],[16]

Other Southern Europe | Southern Europe

2.1

2.0

^[15]

2.2

^[16]

893.3

790.9

^[15]

831.6

^[16]

50.2

^[6]

45.5

^[7],[15]

55.9

^[8],[16]

4.4

3.9

^[15]

4.4

^[16]

Reportable subsegments

17,957.1

17,853.9

18,914.5

14,959.5

14,767.1

15,556.3

2,542.8

2,602.0

2,859.0

Reportable subsegments | Americas

454.8

484.8

499.2

4,348.8

4,224.9

^[1]

4,414.8

^[17]

3,407.5

3,252.7

3,376.1

^[17]

804.4

830.6

873.1

^[17]

Reportable subsegments | Southern Europe

136.9

141.6

165.6

^[17]

8,436.3

8,218.3

^[1],[18]

8,515.3

^[19]

7,236.3

7,017.6

^[18]

7,226.9

^[19]

939.4

896.6

^[18]

930.7

^[19]

Reportable subsegments | Northern Europe

260.6

304.1

^[18]

357.7

^[19]

3,161.1

3,304.3

^[1]

3,748.0

2,639.2

2,728.0

3,099.0

565.2

620.9

765.7

Reportable subsegments | APME

(43.3)

(44.6)

(116.7)

2,041.9

2,161.3

^[1]

2,322.3

1,701.4

1,820.1

1,940.2

239.9

257.5

289.5

Reportable subsegments | Northern Europe And APME

100.6

83.7

92.6

17,988.1

17,908.8

^[1]

19,000.4

14,984.4

14,818.4

15,642.2

2,548.9

2,605.6

2,859.0

Reportable subsegments | United States | Americas

454.8

484.8

499.2

2,735.4

^[20]

2,766.6

^[1],[21]

2,866.2

^[17]

2,039.5

^[20]

2,032.3

^[21]

2,081.6

^[17]

629.9

^[20]

656.6

^[21]

690.2

^[17]

Reportable subsegments | Other Americas | Americas

66.0

^[20]

77.7

^[21]

94.4

^[17]

1,613.4

1,458.3

^[1]

1,548.6

^[17]

1,368.0

1,220.4

1,294.5

^[17]

174.5

174.0

182.9

^[17]

Reportable subsegments | France | Southern Europe

70.9

63.9

71.2

^[17]

4,459.4

4,531.5

^[1],[18]

4,790.1

^[19]

3,831.8

3,873.8

^[18]

4,076.7

^[19]

517.7

508.2

^[18]

526.6

^[19]

Reportable subsegments | Italy | Southern Europe

109.9

149.5

^[18]

186.8

^[19]

1,822.1

1,677.0

^[1],[18]

1,708.8

^[19]

1,533.3

1,398.1

^[18]

1,418.4

^[19]

173.0

165.8

^[18]

165.7

^[19]

Reportable subsegments | Other Southern Europe | Southern Europe

115.8

113.1

^[18]

124.7

^[19]

2,154.8

2,009.8

^[1],[18]

2,016.4

^[19]

1,871.2

1,745.7

^[18]

1,731.8

^[19]

248.7

222.6

^[18]

238.4

^[19]

Share-Based Payment Arrangement [Abstract]

$ 34.9

$ 41.5

^[18]

$ 46.2

^[19]

[1]	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.
[2]	Impairment charges for the year ended December 31, 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.
[3]	Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.
[4]	Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.
[5]	Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.
[6]	Long-lived assets consist of net property and equipment, net capitalized software and right-of-use assets.
[7]	Long-lived assets consist of net property and equipment, net capitalized software and right-of-use assets.
[8]	Long-lived assets consist of net property and equipment, net capitalized software and right-of-use assets.
[9]	Corporate assets include assets that were not used in the operations of any segment. The most significant assets were purchased intangibles and cash, including the proceeds from the €500.0 Euro notes issued in December 2025.
[10]	Corporate assets include assets that were not used in the operations of any segment, the most significant of which were purchased intangibles and cash.
[11]	Corporate assets include assets that were not used in the operations of any segment, the most significant of which were purchased intangibles and cash.
[12]	Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.
[13]	Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.
[14]	Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses, and shown separately.
[15]	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's total assets.
[16]	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's total assets.
[17]	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.
[18]	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.
[19]	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.
[20]	The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $10.1 for 2025.
[21]	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.

Share-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2025

Summary of Stock Option Activity

A summary of stock option activity is as follows:


	Shares (000)			Wtd. Avg. Exercise Price Per Share		Wtd. Avg. Remaining Contractual Term (years)		Aggregate Intrinsic Value (in millions)

Outstanding, January 1, 2023		852		$	90
Granted		—		N/A
Exercised		(23	)		76
Expired or cancelled		(19	)		109
Outstanding, December 31, 2023		810		$	90		4.4	$	1
Exercisable, December 31, 2023		706		$	90		4.1	$	1
Outstanding, January 1, 2024		810		$	90
Granted		—		N/A
Exercised		—		N/A
Expired or cancelled		(48	)		80
Outstanding, December 31, 2024		762		$	91		3.7	$	—
Exercisable, December 31, 2024		730		$	91		3.5	$	—
Outstanding, January 1, 2025		762		$	91
Granted		—		N/A
Exercised		—		N/A
Expired or cancelled		(52	)		77
Outstanding, December 31, 2025		710		$	92		2.9	$	—
Exercisable, December 31, 2025		710		$	92		2.9	$	—

Schedule of Options Outstanding and Exercisable

Options outstanding and exercisable as of December 31, 2025 were as follows:


	Options Outstanding						Options Exercisable


Exercise Price	Shares (000)		Weighted- Average Remaining Contractual Life (years)		Weighted- Average Exercise Price		Shares (000)		Weighted- Average Exercise Price

$75-$80		103		0.1	$	75		103	$	75
$81-$89		153		3.2		84		153		84
$90-$95		286		4.6		93		286		93
$96-$123		168		1.6		109		168		109
		710		2.9	$	92		710	$	92

Summary of Restricted Stock Activity

A summary of restricted stock and restricted stock unit activity is as follows:


	Shares (000)			Wtd. Avg. Price Per Share		Wtd. Avg. Remaining Contractual Term (years)		Aggregate Intrinsic Value (in millions)

Unvested, January 1, 2023		588		$	94		1.4
Granted		261			82
Vested		(177	)		87
Forfeited		(44	)		90
Unvested, December 31, 2023		628		$	91		1.4
Granted		343			64
Vested		(180	)		86
Forfeited		(38	)		83
Unvested, December 31, 2024		753		$	80		1.4
Granted		442			48
Vested		(240	)		94
Forfeited		(40	)		66
Unvested, December 31, 2025		915		$	63		1.4	$	27

Performance Share Units

A summary of the performance share units detail by grant year is as follows:


	2022 (Regular)		2022 (Experis)		2023		2024		2025

Grant Date(s)	February 11, 2022		February 11, 2022		February 17, 2023		February 16, 2024		February 14, 2025
Performance Period (years)	2022-2024		2022-2024		2023-2025		2024-2026		2025-2027
Vesting Date(a)	February 2025		February 2025		February 2026		February 2027		February 2028
Payout Levels (in units):
Threshold Award		—		—		—		—		—
Target Award		106,116		28,275		132,537		179,099		215,054
Outstanding Award		212,232		84,826		265,074		358,198		430,108
Shares Issued in 2025		67,422		—	N/A		N/A		N/A
Payout Achieved Over Performance Period		67,422		—		56,835	N/A		N/A

(a)

Awards are scheduled to vest after the Committee determines the achievement of the performance criteria.

Income Taxes - Schedule of Provision for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Current
Federal	$ 31.6	$ 2.4	$ (2.9)
State	3.9	0.8	7.3
Non-United States	107.0	140.9	133.3
Total current	142.5	144.1	137.7
Deferred
Federal	(34.2)	(22.6)	(8.6)
State	(2.0)	2.9	(4.0)
Non-United States	0.4	(12.7)	(8.0)
Total deferred	(35.8)	(32.4)	(20.6)
Total provision	$ 106.7	$ 111.7	$ 117.1

Segment Data (Additional Information) (Details)	12 Months Ended
Segment Data (Additional Information) (Details)	Dec. 31, 2025
Segment Reporting [Abstract]
Number Of Reportable Segments Not Disclosed Flag	false

Share-Based Compensation Plans - Performance Share Units (Details) - shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Performance Shares
Payout Levels (in units):
Threshold Award (in shares)	0	0	0	0
Target Award (in shares)	215,054	179,099	132,537	106,116
Outstanding Award (in shares)	430,108	358,198	265,074	212,232
Shares Issued (in shares)				67,422
Payout Achieved Over Performance Period				67,422
Performance Shares 1
Payout Levels (in units):
Threshold Award (in shares)				0
Target Award (in shares)				28,275
Outstanding Award (in shares)				84,826
Shares Issued (in shares)				0
Payout Achieved Over Performance Period			56,835	0

Retirement and Deferred Compensation Plans

12 Months Ended

Dec. 31, 2025

Retirement Benefits [Abstract]

Retirement and Deferred Compensation Plans

(9) Retirement and Deferred Compensation Plans

For all of our United States defined benefit and retiree health care plans, we adopted the Society of Actuaries’ Pri-2012 Mortality Table with MP-2021 Mortality Improvement Scale in determining the plans’ benefit obligations as of December 31, 2025.

Defined Benefit Pension Plans

We sponsor qualified and nonqualified pension plans covering permanent employees in several countries. In our Switzerland pension plan, we recognized a partial settlement as a result of local regulations and turnover common to our industry and reclassified pension losses of $2.0, $3.8 and $5.8 in 2025, 2024 and 2023, respectively, net of tax, recorded in other comprehensive loss in the Consolidated Statements of Comprehensive Income. The reconciliation of the changes in the plans’ benefit obligations, the fair value of plan assets and the funded status of the plans are as follows:


	United States Plans						Non-United States Plans


Year Ended December 31	2025			2024			2025			2024

Change in Benefit Obligation
Benefit obligation, beginning of year	$	18.0		$	19.2		$	669.8		$	713.2
Service cost		—			—			15.4			16.5
Interest cost		0.9			0.9			19.0			18.5
Curtailments		—			—			—			(2.7	)
Settlements		—			—			(49.5	)		(50.9	)
Transfers		—			—			31.3			26.5
Actuarial loss (gain)		1.0			—			(42.9	)		(3.9	)
Plan participant contributions		—			—			11.6			11.4
Benefits paid		(2.1	)		(2.1	)		(18.1	)		(16.0	)
Currency exchange rate changes		—			—			87.7			(42.8	)
Benefit obligation, end of year	$	17.8		$	18.0		$	724.3		$	669.8


	United States Plans						Non-United States Plans


Year Ended December 31	2025			2024			2025			2024

Change in Plan Assets
Fair value of plan assets, beginning of year	$	—		$	—		$	586.1		$	596.3
Actual return on plan assets		—			—			12.6			40.7
Settlements		—			—			(49.5	)		(50.9	)
Transfers		—			—			31.6			23.7
Plan participant contributions		—			—			11.6			11.4
Company contributions		2.1			2.1			18.5			17.4
Benefits paid		(2.1	)		(2.1	)		(18.1	)		(16.0	)
Currency exchange rate changes		—			—			78.0			(36.5	)
Fair value of plan assets, end of year	$	—		$	—		$	670.8		$	586.1
Funded Status at End of Year
Funded status, end of year	$	(17.8	)	$	(18.0	)	$	(53.5	)	$	(83.7	)
Amounts Recognized
Noncurrent assets	$	—		$	—		$	42.2		$	22.7
Current liabilities		(2.1	)		(2.2	)		(0.8	)		(1.2	)
Noncurrent liabilities		(15.7	)		(15.8	)		(94.9	)		(105.2	)
Net amount recognized	$	(17.8	)	$	(18.0	)	$	(53.5	)	$	(83.7	)

The curtailments in 2024 primarily resulted from the wind down of Proservia Germany. For both 2025 and 2024, the settlements and transfers mostly represent transfers in and out of temporary associates within our Switzerland plan. The actuarial gain and loss are mainly related to changes in discount rates.

One of our plans is located in the United Kingdom. In July 2024, the United Kingdom Court of Appeal upheld a ruling in the Virgin Media vs. NTL Pension Trustee case, a decision in which we were not a party, that certain historical amendments for contracted-out defined benefit schemes were invalid if they were not accompanied by the correct actuarial confirmation. In June 2025, the Department for Work and Pensions confirmed that the government will introduce legislation allowing affected pension schemes to retrospectively obtain written actuarial confirmation that historic benefit changes met the necessary standards. We have agreed with our plan trustees that, if needed, we intend to utilize this legislation when introduced. Since there remain significant areas of uncertainty, we are unable to determine the impact of the ruling, if any, on our pension plan obligations as of December 31, 2025.

Amounts recognized in AOCL, net of tax, consisted of:


	United States Plans				Non-United States Plans


Year Ended December 31	2025		2024		2025			2024

Net loss (gain)	$	4.2	$	3.6	$	(31.4	)	$	1.2
Prior service cost		—		—		3.2			4.1
Total	$	4.2	$	3.6	$	(28.2	)	$	5.3

The accumulated benefit obligation (ABO) for all qualified defined benefit pension plans was $717.9 and $663.7 as of December 31, 2025 and 2024, respectively. The ABO for plans that have plan assets was $634.3 and $584.4 as of December 31, 2025 and 2024, respectively. The accumulated benefit obligation for some of our plans exceeded the fair value of plan assets as follows:


December 31	2025		2024

Accumulated benefit obligation	$	28.9	$	117.2
Plan assets		20.5		93.4

In 2025, one of our larger plans merged with a smaller funded plan. As a result of the transfer of assets and obligations from the merged plan, the surviving plan's assets exceeded its accumulated benefit obligation as of December 31, 2025. As a result, this plan was included in the amounts disclosed above for 2024 but not for 2025.

The projected benefit obligation (PBO) for all qualified defined benefit pension plans was $742.1 and $687.8 as of December 31, 2025 and 2024, respectively. The PBO for some of our plans exceeded the fair value of plan assets as follows:


December 31	2025		2024

Projected benefit obligation	$	31.9	$	123.8
Plan assets		20.5		96.9

By their nature, some of our plans do not have plan assets. The accumulated benefit obligation for these plans was $83.6 and $79.3 as of December 31, 2025 and 2024, respectively.

The components of the net periodic benefit cost and other amounts recognized in other comprehensive income/loss for all plans were as follows:


Year Ended December 31	2025			2024			2023

Net Periodic Benefit Cost
Service cost	$	15.4		$	16.5		$	15.5
Interest cost		19.9			19.4			21.1
Expected return on assets		(20.7	)		(18.9	)		(19.0	)
Settlements		2.6			1.8			6.7
Net loss (gain)		0.3			(1.5	)		(3.3	)
Prior service cost		0.7			0.7			0.7
Net periodic benefit cost		18.2			18.0			21.7
Other Changes in Plan Assets and Benefit Obligation Recognized in Other Comprehensive Income/Loss
Net (gain) loss		(33.7	)		(25.7	)		31.9
Prior service credit		—			—			(1.2	)
Amortization of net loss		(2.9	)		(3.0	)		(3.7	)
Amortization of prior service cost		(0.7	)		(0.7	)		(0.7	)
Total recognized in other comprehensive income/loss		(37.3	)		(29.4	)		26.3
Total recognized in net periodic benefit cost and other comprehensive income/loss	$	(19.1	)	$	(11.4	)	$	48.0

The estimated net gain and prior service cost for the defined benefit pension plans that will be amortized from AOCL into net periodic benefit cost during 2026 are $0.6 and $0.7, respectively.

The weighted-average assumptions used in the measurement of the benefit obligation were as follows:


	United States Plans						Non-United States Plans


Year Ended December 31	2025			2024			2025			2024

Discount rate		5.0	%		5.5	%		3.1	%		2.7	%
Rate of compensation increase		1.4	%		1.4	%		1.4	%		1.5	%

The weighted-average assumptions used in the measurement of the net periodic benefit cost were as follows:


	United States Plans									Non-United States Plans


Year Ended December 31	2025			2024			2023			2025			2024			2023

Discount rate		5.5	%		5.2	%		5.4	%		2.7	%		2.7	%		3.2	%
Expected long-term return on plan assets	N/A			N/A			N/A				3.4	%		3.4	%		3.5	%
Rate of compensation increase		1.4	%		1.4	%		1.3	%		1.5	%		1.9	%		1.9	%
Interest crediting rates for cash balance plans	N/A			N/A			N/A				1.8	%		2.6	%		2.6	%

We determine our assumption for the discount rate based on an index of high-quality corporate bond yields and matched-funding yield curve analysis as of the end of each fiscal year.

Our overall expected long-term rate of return used in the measurement of the 2025 net periodic benefit cost on non-United States plans varied by country and ranged from 2.5% to 5.9%. For a majority of our plans, a building block approach has been employed to establish this return. Historical markets are studied and long-term historical relationships between equity securities and fixed income instruments are preserved, consistent with the widely accepted capital market principle that assets with higher volatility generate a greater return over time. Current market factors such as inflation and interest rates are evaluated before long-term capital market assumptions are determined. The long-term portfolio return is established with proper consideration of diversification and rebalancing. We also use guaranteed insurance contracts for five of our foreign plans. Peer data and historical returns are reviewed to check for reasonableness and appropriateness of our expected rate of return. None of our United States plans has plan assets.

Projected salary levels utilized in the determination of the projected benefit obligation for the pension plans are based upon historical experience and the future expectations for each respective country.

Our plans’ investment policies are to optimize the long-term return on plan assets at an acceptable level of risk and to maintain careful control of the risk level within each asset class. Our long-term objective is to minimize plan expenses and contributions by outperforming plan liabilities. We have historically used a balanced portfolio strategy based primarily on a target allocation of equity securities and fixed-income instruments, which vary by location. These target allocations, which are similar to the 2025 allocations, are determined based on the favorable risk tolerance characteristics of the plan and, at times, may be adjusted within a specified range to advance our overall objective.

The fair values of our Level 1 and Level 2 pension plan assets are primarily determined by using market quotes and other relevant information that is generated by market transactions involving identical or comparable assets. Insurance contracts and annuity contracts are measured at the present value of expected future benefit payments primarily using associated interest curves. Hedge funds consist of a number of diversified funds including those investing in international securities, equity and private partnership interests valued using market available data and various models and assumptions.

The fair value of our pension plan assets by asset category was as follows:


	Fair Value Measurements Using


	December 31, 2025		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Asset Category
Cash and cash equivalents	$	12.5	$	12.5	$	—	$	—
Equity securities:
Mutual funds		178.0		178.0		—		—
Common stock		35.9		35.9		—		—
Fixed income instruments:
Fixed income funds		151.7		—		151.7		—
Annuity contract		32.4		—		—		32.4
Guaranteed insurance contracts		30.2		—		30.2		—
Other types of investments:
Real estate funds		102.7		—		101.3		1.4
Insurance contracts		76.0		—		—		76.0
Hedge funds		27.3		—		21.7		5.6
Other		24.1		—		4.4		19.7
	$	670.8	$	226.4	$	309.3	$	135.1


	Fair Value Measurements Using


	December 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Asset Category
Cash and cash equivalents	$	3.0	$	3.0	$	—	$	—
Equity securities:
Mutual funds		142.7		142.7		—		—
Common stock		30.1		30.1		—		—
Fixed income instruments:
Fixed income funds		123.8		—		123.8		—
Annuity contract		31.4		—		—		31.4
Guaranteed insurance contracts		25.6		—		25.6		—
Other types of investments:
Real estate funds		96.4		—		95.1		1.3
Insurance contracts		80.9		—		—		80.9
Hedge funds		29.0		—		11.5		17.5
Other		23.2		—		3.6		19.6
	$	586.1	$	175.8	$	259.6	$	150.7

The following table summarizes the changes in fair value of the pension assets that are measured using Level 3 inputs. We determined that transfers between fair-value-measurement levels occurred on the date of the event that caused the transfer.


Year Ended December 31	2025			2024

Balance, beginning of year	$	150.7		$	154.3
Actual return on plan assets		(15.9	)		4.4
Purchases, sales and settlements, net		(17.6	)		—
Currency exchange rate changes		17.9			(8.0	)
Balance, end of year	$	135.1		$	150.7

Retiree Health Care Plan

We provide medical and dental benefits to certain eligible retired employees in the United States. Due to the nature of the plan, there are no plan assets. The reconciliation of the changes in the plan’s benefit obligation and the statement of the funded status of the plan were as follows:


Year Ended December 31	2025			2024

Change in Benefit Obligation
Benefit obligation, beginning of year	$	8.8		$	10.2
Interest cost		0.4			0.5
Actuarial loss (gain)		0.4			(1.1	)
Benefits paid		(0.7	)		(0.8	)
Benefit obligation, end of year	$	8.9		$	8.8
Funded Status at End of Year
Funded status, end of year	$	(8.9	)	$	(8.8	)
Amounts Recognized
Current liabilities	$	(1.0	)	$	(1.0	)
Noncurrent liabilities		(7.9	)		(7.8	)
Net amount recognized	$	(8.9	)	$	(8.8	)

The amount recognized in AOCL, net of tax, consists of a net gain of $0.8 and $1.1 as of December 31, 2025 and 2024, respectively, and a prior service cost of $0.2 and a credit of $0.4 as of December 31, 2025 and 2024, respectively.

The discount rate used in the measurement of the benefit obligation was 5.1% and 5.5% in 2025 and 2024, respectively. The discount rate used in the measurement of net periodic benefit cost was 5.5%, 4.9% and 5.1% in 2025, 2024 and 2023, respectively.

The components of net periodic benefit credit and other amounts recognized in other comprehensive income/loss for this plan were as follows:


Year Ended December 31	2025			2024			2023

Net Periodic Benefit Credit
Interest cost	$	0.4		$	0.5		$	0.5
Prior service credit		(0.8	)		(0.8	)		(0.8	)
Net periodic benefit credit	$	(0.4	)	$	(0.3	)	$	(0.3	)
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income/Loss
Net loss (gain)	$	0.4		$	(1.1	)	$	(1.0	)
Amortization of prior service credit		0.8			0.8			0.8
Total recognized in other comprehensive income/loss		1.2			(0.3	)		(0.2	)
Total recognized in net periodic benefit cost and other comprehensive income/loss	$	0.8		$	(0.6	)	$	(0.5	)

The estimated prior service credit for the retiree health care plan that will be amortized from AOCL into net periodic benefit cost during 2026 is $0.8.

The health care cost trend rate is assumed to be 7.8% in 2026, decreasing gradually to an ultimate rate of 4.5% in 2036. Assumed health care cost trend rates are not expected to have a material effect on the amounts reported.

Future Contributions and Payments

During 2026, we plan to contribute approximately $17.0 to our pension plans and to fund our retiree health care payments as incurred. Projected benefit payments from the plans as of December 31, 2025 were estimated as follows:


Year	Pension Plans		Retiree Health Care Plan

2026	$	72.7	$	1.0
2027		47.1		1.0
2028		38.0		0.9
2029		35.2		0.9
2030		36.3		0.9
2031–2035		201.7		3.6
Total projected benefit payments	$	431.0	$	8.3

Defined Contribution Plans and Deferred Compensation Plans

We have defined contribution plans covering substantially all permanent United States employees and various other employees throughout the world. With our company-sponsored plans, employees may elect to contribute a portion of their salary to the plans and we match a portion of their contributions up to a maximum percentage of the employee’s salary. In addition, profit sharing contributions are made if a targeted earnings level is reached at management’s discretion. The total expense for our match and any profit sharing contributions was $16.1, $17.8 and $19.2 for the years ended December 31, 2025, 2024 and 2023, respectively. In certain countries with statutory defined contribution plans, we pay a percentage of the employees' salary in pension premiums. The total expense for the statutory defined contribution plans was $21.2, $24.4 and $29.5 for the years ended December 31, 2025, 2024 and 2023, respectively.

We also have deferred compensation plans in the United States. These plans had an asset and liability of $188.6 and $165.4 as of December 31, 2025 and 2024, respectively. We recognized investment gains of $23.3, $21.7 and $21.9 in 2025, 2024 and 2023, respectively. These fair value adjustments are fully offset by corresponding impact to compensation expense within selling and administrative expenses.

The entire disclosure for retirement benefits.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Other Nonoperating Income (Expense) [Abstract]

Share-Based Compensation Plans - Summary of Restricted Stock Activity (Details) - Restricted Stock - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Shares
Unvested at beginning of period (in shares)	753	628	588
Granted (in shares)	442	343	261
Vested (in shares)	(240)	(180)	(177)
Forfeited (in shares)	(40)	(38)	(44)
Unvested at end of period (in shares)	915	753	628	588
Wtd. Avg. Price Per Share
Unvested at beginning of period (in dollars per share)	$ 80	$ 91	$ 94
Granted (in dollars per share)	48	64	82
Vested (in dollars per share)	94	86	87
Forfeited (in dollars per share)	66	83	90
Unvested at end of period (in dollars per share)	$ 63	$ 80	$ 91	$ 94
Equity Other Than Options, Additional [Abstract]
Unvested (in years)	1 year 4 months 24 days	1 year 4 months 24 days	1 year 4 months 24 days	1 year 4 months 24 days
Unvested, aggregate intrinsic value	$ 27

Interest and Other Expenses, Net (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Interest and Other Expenses (Income), Net


Year Ended December 31	2025			2024			2023

Interest expense	$	95.4		$	90.0		$	79.7
Interest income		(27.8	)		(33.3	)		(34.2	)
Foreign exchange loss		6.5			6.2			21.8
Miscellaneous income, net		(17.4	)		(13.7	)		(17.4	)
Interest and other expenses, net	$	56.7		$	49.2		$	49.9

Income Taxes - Schedule of Cash Paid (net of refunds) for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Paid, by Individual Jurisdiction [Line Items]
Income tax refund, federal	$ 32.2
Income tax refund, state	1.1
Total income taxes paid, net	147.7	$ 187.6	$ 182.2
France
Income Tax Paid, by Individual Jurisdiction [Line Items]
Income tax refund, foreign	50.4
Italy
Income Tax Paid, by Individual Jurisdiction [Line Items]
Income tax refund, foreign	9.6
Japan
Income Tax Paid, by Individual Jurisdiction [Line Items]
Income tax refund, foreign	14.7
Other, net
Income Tax Paid, by Individual Jurisdiction [Line Items]
Income tax refund, foreign	$ 39.7

Income Taxes - Summary of Net Operating Loss Carryforwards (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
United States Federal and Non-United States
Income Tax Contingency [Line Items]
2026	$ 0.0
2027	0.2
2028	3.8
2029	7.1
2030	6.2
Thereafter	27.3
No expirations	1,258.5
Total net operating loss carryforwards	1,303.1
United States State
Income Tax Contingency [Line Items]
2026	6.6
2027	5.6
2028	0.1
2029	3.1
2030	4.1
Thereafter	129.4
No expirations	29.5
Total net operating loss carryforwards	$ 178.4	$ 178.4

Retirement and Deferred Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2025

Retirement Benefits [Abstract]

Reconciliation of Changes in Benefit Obligations and the Statement of Funded Status of Plan

The reconciliation of the changes in the plans’ benefit obligations, the fair value of plan assets and the funded status of the plans are as follows:


	United States Plans						Non-United States Plans


Year Ended December 31	2025			2024			2025			2024

Change in Benefit Obligation
Benefit obligation, beginning of year	$	18.0		$	19.2		$	669.8		$	713.2
Service cost		—			—			15.4			16.5
Interest cost		0.9			0.9			19.0			18.5
Curtailments		—			—			—			(2.7	)
Settlements		—			—			(49.5	)		(50.9	)
Transfers		—			—			31.3			26.5
Actuarial loss (gain)		1.0			—			(42.9	)		(3.9	)
Plan participant contributions		—			—			11.6			11.4
Benefits paid		(2.1	)		(2.1	)		(18.1	)		(16.0	)
Currency exchange rate changes		—			—			87.7			(42.8	)
Benefit obligation, end of year	$	17.8		$	18.0		$	724.3		$	669.8


	United States Plans						Non-United States Plans


Year Ended December 31	2025			2024			2025			2024

Change in Plan Assets
Fair value of plan assets, beginning of year	$	—		$	—		$	586.1		$	596.3
Actual return on plan assets		—			—			12.6			40.7
Settlements		—			—			(49.5	)		(50.9	)
Transfers		—			—			31.6			23.7
Plan participant contributions		—			—			11.6			11.4
Company contributions		2.1			2.1			18.5			17.4
Benefits paid		(2.1	)		(2.1	)		(18.1	)		(16.0	)
Currency exchange rate changes		—			—			78.0			(36.5	)
Fair value of plan assets, end of year	$	—		$	—		$	670.8		$	586.1
Funded Status at End of Year
Funded status, end of year	$	(17.8	)	$	(18.0	)	$	(53.5	)	$	(83.7	)
Amounts Recognized
Noncurrent assets	$	—		$	—		$	42.2		$	22.7
Current liabilities		(2.1	)		(2.2	)		(0.8	)		(1.2	)
Noncurrent liabilities		(15.7	)		(15.8	)		(94.9	)		(105.2	)
Net amount recognized	$	(17.8	)	$	(18.0	)	$	(53.5	)	$	(83.7	)

The reconciliation of the changes in the plan’s benefit obligation and the statement of the funded status of the plan were as follows:


Year Ended December 31	2025			2024

Change in Benefit Obligation
Benefit obligation, beginning of year	$	8.8		$	10.2
Interest cost		0.4			0.5
Actuarial loss (gain)		0.4			(1.1	)
Benefits paid		(0.7	)		(0.8	)
Benefit obligation, end of year	$	8.9		$	8.8
Funded Status at End of Year
Funded status, end of year	$	(8.9	)	$	(8.8	)
Amounts Recognized
Current liabilities	$	(1.0	)	$	(1.0	)
Noncurrent liabilities		(7.9	)		(7.8	)
Net amount recognized	$	(8.9	)	$	(8.8	)

Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss, Net of Tax

Amounts recognized in AOCL, net of tax, consisted of:


	United States Plans				Non-United States Plans


Year Ended December 31	2025		2024		2025			2024

Net loss (gain)	$	4.2	$	3.6	$	(31.4	)	$	1.2
Prior service cost		—		—		3.2			4.1
Total	$	4.2	$	3.6	$	(28.2	)	$	5.3

Schedule of Plans With Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets

The accumulated benefit obligation for some of our plans exceeded the fair value of plan assets as follows:


December 31	2025		2024

Accumulated benefit obligation	$	28.9	$	117.2
Plan assets		20.5		93.4

Schedule of Plans With Projected Benefit Obligation in Excess of Fair Value of Plan Assets


December 31	2025		2024

Projected benefit obligation	$	31.9	$	123.8
Plan assets		20.5		96.9

Schedule of Components of Net Periodic Benefit Cost and Other Amounts Recognized in Other Comprehensive Loss

The components of the net periodic benefit cost and other amounts recognized in other comprehensive income/loss for all plans were as follows:


Year Ended December 31	2025			2024			2023

Net Periodic Benefit Cost
Service cost	$	15.4		$	16.5		$	15.5
Interest cost		19.9			19.4			21.1
Expected return on assets		(20.7	)		(18.9	)		(19.0	)
Settlements		2.6			1.8			6.7
Net loss (gain)		0.3			(1.5	)		(3.3	)
Prior service cost		0.7			0.7			0.7
Net periodic benefit cost		18.2			18.0			21.7
Other Changes in Plan Assets and Benefit Obligation Recognized in Other Comprehensive Income/Loss
Net (gain) loss		(33.7	)		(25.7	)		31.9
Prior service credit		—			—			(1.2	)
Amortization of net loss		(2.9	)		(3.0	)		(3.7	)
Amortization of prior service cost		(0.7	)		(0.7	)		(0.7	)
Total recognized in other comprehensive income/loss		(37.3	)		(29.4	)		26.3
Total recognized in net periodic benefit cost and other comprehensive income/loss	$	(19.1	)	$	(11.4	)	$	48.0

The components of net periodic benefit credit and other amounts recognized in other comprehensive income/loss for this plan were as follows:


Year Ended December 31	2025			2024			2023

Net Periodic Benefit Credit
Interest cost	$	0.4		$	0.5		$	0.5
Prior service credit		(0.8	)		(0.8	)		(0.8	)
Net periodic benefit credit	$	(0.4	)	$	(0.3	)	$	(0.3	)
Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income/Loss
Net loss (gain)	$	0.4		$	(1.1	)	$	(1.0	)
Amortization of prior service credit		0.8			0.8			0.8
Total recognized in other comprehensive income/loss		1.2			(0.3	)		(0.2	)
Total recognized in net periodic benefit cost and other comprehensive income/loss	$	0.8		$	(0.6	)	$	(0.5	)

Schedule of Weighted-Average Assumptions Used in Measurement of Benefit Obligation and Net Periodic Benefit Cost

The weighted-average assumptions used in the measurement of the benefit obligation were as follows:


	United States Plans						Non-United States Plans


Year Ended December 31	2025			2024			2025			2024

Discount rate		5.0	%		5.5	%		3.1	%		2.7	%
Rate of compensation increase		1.4	%		1.4	%		1.4	%		1.5	%

The weighted-average assumptions used in the measurement of the net periodic benefit cost were as follows:


	United States Plans									Non-United States Plans


Year Ended December 31	2025			2024			2023			2025			2024			2023

Discount rate		5.5	%		5.2	%		5.4	%		2.7	%		2.7	%		3.2	%
Expected long-term return on plan assets	N/A			N/A			N/A				3.4	%		3.4	%		3.5	%
Rate of compensation increase		1.4	%		1.4	%		1.3	%		1.5	%		1.9	%		1.9	%
Interest crediting rates for cash balance plans	N/A			N/A			N/A				1.8	%		2.6	%		2.6	%

Schedule of Fair Value of Plan Assets By Asset Category

The fair value of our pension plan assets by asset category was as follows:


	Fair Value Measurements Using


	December 31, 2025		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Asset Category
Cash and cash equivalents	$	12.5	$	12.5	$	—	$	—
Equity securities:
Mutual funds		178.0		178.0		—		—
Common stock		35.9		35.9		—		—
Fixed income instruments:
Fixed income funds		151.7		—		151.7		—
Annuity contract		32.4		—		—		32.4
Guaranteed insurance contracts		30.2		—		30.2		—
Other types of investments:
Real estate funds		102.7		—		101.3		1.4
Insurance contracts		76.0		—		—		76.0
Hedge funds		27.3		—		21.7		5.6
Other		24.1		—		4.4		19.7
	$	670.8	$	226.4	$	309.3	$	135.1


	Fair Value Measurements Using


	December 31, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Asset Category
Cash and cash equivalents	$	3.0	$	3.0	$	—	$	—
Equity securities:
Mutual funds		142.7		142.7		—		—
Common stock		30.1		30.1		—		—
Fixed income instruments:
Fixed income funds		123.8		—		123.8		—
Annuity contract		31.4		—		—		31.4
Guaranteed insurance contracts		25.6		—		25.6		—
Other types of investments:
Real estate funds		96.4		—		95.1		1.3
Insurance contracts		80.9		—		—		80.9
Hedge funds		29.0		—		11.5		17.5
Other		23.2		—		3.6		19.6
	$	586.1	$	175.8	$	259.6	$	150.7

Schedule of Changes in Fair Value of Pension Assets Measured Using Level 3 Inputs


Year Ended December 31	2025			2024

Balance, beginning of year	$	150.7		$	154.3
Actual return on plan assets		(15.9	)		4.4
Purchases, sales and settlements, net		(17.6	)		—
Currency exchange rate changes		17.9			(8.0	)
Balance, end of year	$	135.1		$	150.7

Schedule of Projected Future Benefit Payments


Year	Pension Plans		Retiree Health Care Plan

2026	$	72.7	$	1.0
2027		47.1		1.0
2028		38.0		0.9
2029		35.2		0.9
2030		36.3		0.9
2031–2035		201.7		3.6
Total projected benefit payments	$	431.0	$	8.3

Leases - Components of Lease Expense and Other Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease expense	$ 135.2	$ 129.7	$ 137.4
Short-term lease expense	18.5	15.3	4.9
Other lease expense	7.1	6.8	13.1
Total lease expense	160.8	151.8	155.4
Supplemental Cash Flow Information
Cash paid for amounts included in the measurement of operating lease liabilities	130.9	119.7	132.0
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 100.5	$ 82.2	$ 135.6
Weighted-average remaining lease term - operating leases	5 years 2 months 12 days	5 years 2 months 12 days	5 years 7 months 6 days
Weighted-average discount rate - operating leases	4.00%	4.00%	3.80%

Net Earnings Per Share - Additional Information (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-Based Awards
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from the calculation of net earnings per share - diluted (in shares)	1.1	0.8	0.6

Debt - Additional Information (Details) € in Millions, $ in Millions					12 Months Ended
	Dec. 15, 2025 EUR (€)	Dec. 15, 2025 USD ($)	Jun. 30, 2022 EUR (€)	Jun. 22, 2018 EUR (€)	Dec. 31, 2025 EUR (€)	Dec. 31, 2025 USD ($)	Dec. 31, 2025 USD ($)	Dec. 15, 2025 USD ($)	Dec. 13, 2025 EUR (€)	Dec. 31, 2024 EUR (€)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 EUR (€)	Sep. 11, 2022
Debt Instrument [Line Items]
Credit lines, remaining borrowing capacity							$ 261.9
Unsecured Debt \| €	€ 500.0
Principal amount \| €									€ 500.0
Net proceeds \| €	€ 500.0		€ 400.0
Discounted issue price (as a percent)	99.839%		99.465%					99.839%
Effective interest rate (as a percent)	3.786%							3.786%
Net debt							625.0				$ 23.4
Less cash in excess of debt							1,642.5				931.8
Debt Instrument credit Agreement Access of Cash Amount					The Credit Agreement contains customary restrictive covenants pertaining to our management and operations, including limitations on the amount of subsidiary debt that we may incur, limitation on dividends and share repurchases if our leverage ratio (Net Debt-to-EBITDA) exceeds 3.0 to 1. EBITDA is defined as net earnings before interest and other expenses, provision for income taxes, intangible asset amortization expense and depreciation and amortization expense. The agreement also includes limitations on our ability to pledge assets, as well as financial covenants requiring that we comply with a maximum leverage ratio of 3.5 to 1 and a minimum fixed charge coverage ratio of 1.5 to 1.	The Credit Agreement contains customary restrictive covenants pertaining to our management and operations, including limitations on the amount of subsidiary debt that we may incur, limitation on dividends and share repurchases if our leverage ratio (Net Debt-to-EBITDA) exceeds 3.0 to 1. EBITDA is defined as net earnings before interest and other expenses, provision for income taxes, intangible asset amortization expense and depreciation and amortization expense. The agreement also includes limitations on our ability to pledge assets, as well as financial covenants requiring that we comply with a maximum leverage ratio of 3.5 to 1 and a minimum fixed charge coverage ratio of 1.5 to 1.
2027							468.3
2028							0.0
2029							0.0
2030							583.8
Notes Due June 2027
Debt Instrument [Line Items]
Principal amount \| €			€ 400.0		€ 400.0					€ 400.0		€ 400.0
Interest rate (as a percent)			3.50%
Effective interest rate (as a percent)			3.514%
Less cash in excess of debt							468.3				411.8
Notes Due June 2027 \| Instruments designated as net investment hedges \| Euro-denominated notes
Debt Instrument [Line Items]
Principal amount					400.0		468.3
Notes Due December 2030
Debt Instrument [Line Items]
Principal amount \| €	€ 500.0				500.0					500.0
Interest rate (as a percent)	3.75%							3.75%
Less cash in excess of debt							583.8				0.0
Notes due June 2026
Debt Instrument [Line Items]
Principal amount \| €	€ 500.0			€ 500.0						€ 500.0		€ 500.0
Interest rate (as a percent)				1.75%
Net proceeds \| €				€ 495.7	497.4
Discounted issue price (as a percent)				99.564%
Effective interest rate (as a percent)				1.809%
Less cash in excess of debt							586.9				516.6
Notes due June 2026 \| Maximum [Member]
Debt Instrument [Line Items]
Net proceeds \| €				€ 500.0
Notes due June 2026 \| Instruments designated as net investment hedges \| Euro-denominated notes
Debt Instrument [Line Items]
Principal amount					500.0		586.9
Notes due June 2018
Debt Instrument [Line Items]
Principal amount \| €				350.0
Net proceeds \| €					500.0
Notes issued price amount \| €				€ 500.0
Notes due September 2022
Debt Instrument [Line Items]
Principal amount \| €			€ 400.0
Interest rate (as a percent)													1.875%
Notes due September 2022 \| Instruments designated as net investment hedges \| Euro-denominated notes
Debt Instrument [Line Items]
Principal amount \| €					€ 400.0
Other Debt [Member]
Debt Instrument [Line Items]
Less cash in excess of debt							3.5				3.4
Uncommitted credit lines
Debt Instrument [Line Items]
Credit lines, maximum borrowing capacity							363.1
Credit lines, remaining borrowing capacity							325.0
Uncommitted credit lines \| First, second, and fourth quarters
Debt Instrument [Line Items]
Credit lines, maximum borrowing capacity							300.0
Uncommitted credit lines \| Third quarter
Debt Instrument [Line Items]
Credit lines, maximum borrowing capacity							600.0
Five year credit agreement
Debt Instrument [Line Items]
Credit lines, maximum borrowing capacity							600.0
Increase in Revolving Credit Commitments						$ 300.0
Credit lines, remaining borrowing capacity							599.6				599.6
Borrowings Under Credit Facility								$ 600.0
Outstanding letters of credit							0.4				0.4
Facility fee (as a percent)					12.50%	12.50%
Credit spread (as a percent)					112.50%	112.50%
Replace revolving credit facility		$ 600.0
Net Debt to Ebitda Ratio					0.03	0.03
Maximum debt-to-EBITDA ratio					0.035	0.035
Minimum fixed charge coverage ratio					0.015	0.015
Net debt							200.0
Less cash in excess of debt							300.0
Restructuring expenses percentage					15.00%	15.00%
Stand-by letters of credit
Debt Instrument [Line Items]
Credit lines, maximum borrowing capacity							150.0
Borrowings Under Credit Facility							600.0				600.0
Outstanding letters of credit							$ 0.0				$ 0.0

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Intercompany Eliminations

$ 17,957.1

$ 17,853.9

^[1]

$ 18,914.5

(31.0)

(54.9)

^[1]

(85.9)

Reportable subsegments

Americas | Services transferred over time

17,957.1

17,853.9

18,914.5

Americas | Services transferred at a point in time

4,270.5

4,127.4

4,308.6

Americas | United States | Services transferred over time

78.3

97.5

106.2

Americas | United States | Services transferred at a point in time

2,678.0

2,695.4

2,789.8

Americas | Other Americas | Services transferred over time

57.4

71.2

76.4

Americas | Other Americas | Services transferred at a point in time

1,592.5

1,432.0

1,518.8

Americas | Reportable subsegments

20.9

26.3

29.8

Americas | Reportable subsegments | United States

4,348.8

4,224.9

^[1]

4,414.8

^[2]

Americas | Reportable subsegments | Other Americas

2,735.4

^[3]

2,766.6

^[1],[4]

2,866.2

^[2]

Southern Europe | Services transferred over time

1,613.4

1,458.3

^[1]

1,548.6

^[2]

Southern Europe | Services transferred at a point in time

8,309.8

8,086.5

8,363.4

Southern Europe | France | Services transferred over time

126.5

131.8

151.9

Southern Europe | France | Services transferred at a point in time

4,421.6

4,486.7

4,753.3

Southern Europe | Italy | Services transferred over time

37.8

44.8

36.8

Southern Europe | Italy | Services transferred at a point in time

1,777.2

1,632.6

1,657.8

Southern Europe | Other Southern Europe | Services transferred over time

44.9

44.4

51.0

Southern Europe | Other Southern Europe | Services transferred at a point in time

2,111.0

1,967.2

1,952.3

Southern Europe | Reportable subsegments

43.8

42.6

64.1

Southern Europe | Reportable subsegments | France

8,436.3

8,218.3

^[1],[5]

8,515.3

^[6]

Southern Europe | Reportable subsegments | Italy

4,459.4

4,531.5

^[1],[5]

4,790.1

^[6]

Southern Europe | Reportable subsegments | Other Southern Europe

1,822.1

1,677.0

^[1],[5]

1,708.8

^[6]

Northern Europe | Services transferred over time

2,154.8

2,009.8

^[1],[5]

2,016.4

^[6]

Northern Europe | Services transferred at a point in time

3,084.6

3,208.9

3,627.5

Northern Europe | Reportable subsegments

76.5

95.4

120.5

APME | Services transferred over time

3,161.1

3,304.3

^[1]

3,748.0

APME | Services transferred at a point in time

2,000.0

2,116.2

2,255.2

APME | Reportable subsegments

41.9

45.1

67.1

Northern Europe And APME | Services transferred over time

2,041.9

2,161.3

^[1]

2,322.3

Northern Europe And APME | Services transferred at a point in time

17,664.9

17,539.0

18,554.7

Northern Europe And APME | Reportable subsegments

323.2

369.8

445.7

Staffing and Interim | Americas

17,988.1

17,908.8

^[1]

19,000.4

Staffing and Interim | Americas | United States

3,935.2

3,805.1

^[1]

3,995.1

Staffing and Interim | Americas | Other Americas

2,438.2

2,454.5

^[1]

2,552.5

Staffing and Interim | Southern Europe

1,497.0

1,350.6

^[1]

1,442.6

Staffing and Interim | Southern Europe | France

7,507.8

7,311.4

^[1]

7,592.0

Staffing and Interim | Southern Europe | Italy

4,072.4

4,136.6

^[1]

4,393.5

Staffing and Interim | Southern Europe | Other Southern Europe

1,694.9

1,561.5

^[1]

1,590.1

Staffing and Interim | Northern Europe

1,740.5

1,613.3

^[1]

1,608.4

Staffing and Interim | APME

2,731.0

2,814.0

^[1]

3,160.2

Staffing and Interim | Northern Europe And APME

1,704.2

1,746.1

^[1]

1,781.8

Outcome-Based Solutions and Consulting | Americas

15,878.2

15,676.6

^[1]

16,529.1

Outcome-Based Solutions and Consulting | Americas | United States

76.9

65.5

^[1]

67.7

Outcome-Based Solutions and Consulting | Americas | Other Americas

10.6

11.3

^[1]

18.3

Outcome-Based Solutions and Consulting | Southern Europe

66.3

54.2

^[1]

49.4

Outcome-Based Solutions and Consulting | Southern Europe | France

634.1

614.2

^[1]

625.5

Outcome-Based Solutions and Consulting | Southern Europe | Italy

263.4

264.1

^[1]

267.7

Outcome-Based Solutions and Consulting | Southern Europe | Other Southern Europe

50.0

36.0

^[1]

36.9

Outcome-Based Solutions and Consulting | Northern Europe

320.7

314.1

^[1]

320.9

Outcome-Based Solutions and Consulting | APME

231.0

257.2

^[1]

332.5

Outcome-Based Solutions and Consulting | Northern Europe And APME

249.0

321.9

^[1]

386.3

Permanent Recruitment | Americas

1,191.0

1,258.8

^[1]

1,412.0

Permanent Recruitment | Americas | United States

147.6

169.1

^[1]

179.9

Permanent Recruitment | Americas | Other Americas

110.0

126.1

^[1]

132.7

Permanent Recruitment | Southern Europe

37.6

43.0

^[1]

47.2

Permanent Recruitment | Southern Europe | France

145.8

148.2

^[1]

172.8

Permanent Recruitment | Southern Europe | Italy

41.3

49.4

^[1]

58.9

Permanent Recruitment | Southern Europe | Other Southern Europe

48.2

48.0

^[1]

55.0

Permanent Recruitment | Northern Europe

56.3

50.8

^[1]

58.9

Permanent Recruitment | APME

100.4

121.5

^[1]

153.2

Permanent Recruitment | Northern Europe And APME

48.5

52.8

^[1]

109.4

442.3

491.6

^[1]

615.3

Other | Americas

Other | Americas | United States

189.1

185.2

^[1]

172.1

Other | Americas | Other Americas

176.6

174.7

^[1]

162.7

12.5

10.5

^[1]

9.4

Other | Southern Europe

Other | Southern Europe | France

148.6

144.5

^[1]

125.0

Other | Southern Europe | Italy

82.3

81.4

^[1]

70.0

Other | Southern Europe | Other Southern Europe

29.0

31.5

^[1]

26.8

37.3

31.6

^[1]

28.2

Other | Northern Europe

98.7

111.6

^[1]

102.1

Other | APME

Other | Northern Europe And APME

40.2

40.5

^[1]

44.8

Goodwill and Intangible Assets Disclosure [Abstract]

$ 476.6

$ 481.8

^[1]

$ 444.0

[1]	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.
[2]	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.
[3]	The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $10.1 for 2025.
[4]	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.
[5]	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.
[6]	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.

Goodwill (Tables)

12 Months Ended

Dec. 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(c)			Total

Balance, January 1, 2024(d)	$	1,050.4		$	154.7		$	188.0		$	67.7		$	126.0		$	1,586.8
Acquisitions		1.4			—			—			—			—			1.4
Currency impact		(3.6	)		(9.4	)		(6.6	)		(4.7	)		(0.5	)		(24.8	)
Balance, December 31, 2024(d)		1,048.2			145.3			181.4			63.0			125.5			1,563.4
Acquisitions		—			—			—			0.9			—			0.9
Dispositions		—			—			(0.7	)		—			—			(0.7	)
Impairment Charges(e)		—			(24.7	)		(33.4	)		—			—			(58.1	)
Currency impact		2.2			19.3			17.4			0.2			—			39.1
Balance, December 31, 2025(d)	$	1,050.4		$	139.9		$	164.7		$	64.1		$	125.5		$	1,544.6

(a)

Balances related to United States were $1,005.8, $1,007.2 and $1,007.2 as of January 1, 2024, December 31, 2024 and December 31, 2025, respectively.

(b)

(c)

(d)

(e)

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2