10-Q Filing

MANPOWERGROUP INC. CIK: 871763 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000871763-18-000086`
Period End Date	20180331
Filing Date	20180504
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	man-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 26 Cash Flow Statement 58 Comprehensive Income 26

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$110.80M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$115.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$552.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$689.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$724.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$598.50M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $115.4 and $110.8, respectively	`AccountsReceivableNetCurrent`	$5.37B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $115.4 and $110.8, respectively	`AccountsReceivableNetCurrent`	$5.41B	USD	Point-in-time
Accumulated amortization on intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$339.90M	USD	Point-in-time
Accumulated amortization on intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$349.60M	USD	Point-in-time
Prepaid expenses and other assets	`CurrentPrepaidExpenseAndOtherAssets`	$111.70M	USD	Point-in-time
Prepaid expenses and other assets	`CurrentPrepaidExpenseAndOtherAssets`	$366.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.33B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.17B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Goodwill	`Goodwill`	$1.36B	USD	Point-in-time
Goodwill	`Goodwill`	$1.34B	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Intangible assets, less accumulated amortization of $349.6 and $339.9, respectively	`IntangibleAssetsNetExcludingGoodwill`	$276.30M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Intangible assets, less accumulated amortization of $349.6 and $339.9, respectively	`IntangibleAssetsNetExcludingGoodwill`	$284.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$774.40M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$927.70M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	116.30M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	116.74M	shares	Point-in-time
Total other assets	`AssetsNoncurrent`	$2.41B	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$2.55B	USD	Point-in-time
Treasury stock at cost (in shares)	`TreasuryStockShares`	50.77M	shares	Point-in-time
Treasury stock at cost (in shares)	`TreasuryStockShares`	50.23M	shares	Point-in-time
Land, buildings, leasehold improvements and equipment	`PropertyPlantAndEquipmentGross`	$633.40M	USD	Point-in-time
Land, buildings, leasehold improvements and equipment	`PropertyPlantAndEquipmentGross`	$653.20M	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$475.70M	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$494.80M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$157.70M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$158.40M	USD	Point-in-time
Total assets	`Assets`	$8.90B	USD	Point-in-time
Total assets	`Assets`	$8.88B	USD	Point-in-time
Accounts payable	`AccountsPayableAndAccruedTempPayroll`	$2.28B	USD	Point-in-time
Accounts payable	`AccountsPayableAndAccruedTempPayroll`	$2.31B	USD	Point-in-time
Employee compensation payable	`AccruedSalariesCurrentAndAccruedVacationCurrent`	$196.30M	USD	Point-in-time
Employee compensation payable	`AccruedSalariesCurrentAndAccruedVacationCurrent`	$230.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$504.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$490.90M	USD	Point-in-time
Accrued payroll taxes and insurance	`AccruedPayrollTaxesCurrent`	$794.70M	USD	Point-in-time
Accrued payroll taxes and insurance	`AccruedPayrollTaxesCurrent`	$722.10M	USD	Point-in-time
Value added taxes payable	`SalesAndExciseTaxPayableCurrent`	$537.00M	USD	Point-in-time
Value added taxes payable	`SalesAndExciseTaxPayableCurrent`	$545.40M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$469.40M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$478.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.81B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.75B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$491.10M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$478.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$716.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$737.50M	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$1.22B	USD	Point-in-time
Total other liabilities	`LiabilitiesNoncurrent`	$1.21B	USD	Point-in-time
Preferred stock, $.01 par value, authorized 25,000,000 shares, none issued	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock, $.01 par value, authorized 25,000,000 shares, none issued	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock, $.01 par value, authorized 125,000,000 shares, issued 116,741,432 and 116,303,729 shares, respectively	`CommonStockValue`	$1.20M	USD	Point-in-time
Common stock, $.01 par value, authorized 125,000,000 shares, issued 116,741,432 and 116,303,729 shares, respectively	`CommonStockValue`	$1.20M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$3.31B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$3.30B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.83B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.71B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-264.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-288.20M	USD	Point-in-time
Treasury stock at cost, 50,774,703 and 50,226,525 shares, respectively	`TreasuryStockValue`	$2.95B	USD	Point-in-time
Treasury stock at cost, 50,774,703 and 50,226,525 shares, respectively	`TreasuryStockValue`	$3.02B	USD	Point-in-time
Total ManpowerGroup shareholders equity	`StockholdersEquity`	$2.77B	USD	Point-in-time
Total ManpowerGroup shareholders equity	`StockholdersEquity`	$2.86B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$82.70M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$83.80M	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.94B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.86B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$8.90B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$8.88B	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenues from services	`SalesRevenueServicesNet`	$5.52B	USD	1 Quarter
Revenues from services	`SalesRevenueServicesNet`	$4.76B	USD	1 Quarter
Cost of services	`CostOfServices`	$4.64B	USD	1 Quarter
Cost of services	`CostOfServices`	$3.97B	USD	1 Quarter
Gross profit	`GrossProfit`	$885.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$787.80M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$659.90M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$731.60M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$153.80M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$127.90M	USD	1 Quarter
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$15.80M	USD	1 Quarter
Interest and other expenses	`InterestAndOtherNonoperatingExpenses`	$16.10M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$137.70M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$112.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$37.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$40.70M	USD	1 Quarter
Net earnings	`ProfitLoss`	$74.40M	USD	1 Quarter
Net earnings	`ProfitLoss`	$97.00M	USD	1 Quarter
Net earnings per share - basic (in dollars per share)	`EarningsPerShareBasic`	$1.10	USD	1 Quarter
Net earnings per share - basic (in dollars per share)	`EarningsPerShareBasic`	$1.46	USD	1 Quarter
Net earnings per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.45	USD	1 Quarter
Net earnings per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.09	USD	1 Quarter
Weighted average shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	67.70M	shares	1 Quarter
Weighted average shares - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	66.30M	shares	1 Quarter
Weighted average shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	68.40M	shares	1 Quarter
Weighted average shares - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	66.90M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$74.40M	USD	1 Quarter
Net earnings	`ProfitLoss`	$97.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.30M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-11.90M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$13.60M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.90M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.10M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$7.20M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$7.50M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-66.70M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-50.30M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-65.10M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$72.60M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-45.80M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-171.90M	USD	1 Quarter
Cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-58.40M	USD	1 Quarter
Cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$191.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$12.70M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$10.80M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$8.20M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$11.70M	USD	1 Quarter
Proceeds from the sale of investments, property and equipment	`ProceedsfromSaleofInvestmentPropertyPlantAndEquipment`	$700.00K	USD	1 Quarter
Proceeds from the sale of investments, property and equipment	`ProceedsfromSaleofInvestmentPropertyPlantAndEquipment`	$5.90M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.00M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-21.80M	USD	1 Quarter
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-3.60M	USD	1 Quarter
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-4.30M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$100.00K	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$100.00K	USD	1 Quarter
Payments of contingent consideration for acquisitions	`PaymentforContingentConsiderationLiabilityInvestingActivities`	$8.70M	USD	1 Quarter
Payments of contingent consideration for acquisitions	`PaymentforContingentConsiderationLiabilityInvestingActivities`	$12.90M	USD	1 Quarter
Proceeds from share-based awards and other equity transactions	`ProceedsFromShareBasedAwardsAndOtherEquityTransactions`	$33.80M	USD	1 Quarter
Proceeds from share-based awards and other equity transactions	`ProceedsFromShareBasedAwardsAndOtherEquityTransactions`	$3.60M	USD	1 Quarter
Payments to noncontrolling interests	`PaymentsToMinorityShareholders`	$700.00K	USD	1 Quarter
Payments to noncontrolling interests	`PaymentsToMinorityShareholders`	-	USD	1 Quarter
Other share-based award transactions, net	`OtherShareBasedAwardTransactionsNet`	$-16.80M	USD	1 Quarter
Other share-based award transactions, net	`OtherShareBasedAwardTransactionsNet`	$-15.80M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$57.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$50.10M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-77.10M	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-55.60M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$13.70M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$12.30M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$125.90M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-136.80M	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$552.20M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$689.00M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$724.40M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$598.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$552.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$689.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$724.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$598.50M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$2.80M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$6.40M	USD	1 Quarter
Income taxes paid, net	`IncomeTaxesPaidNet`	$15.10M	USD	1 Quarter
Income taxes paid, net	`IncomeTaxesPaidNet`	$16.60M	USD	1 Quarter

Comprehensive Income 26 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$74.40M	USD	1 Quarter
Net earnings	`ProfitLoss`	$97.00M	USD	1 Quarter
Income tax expense (benefit) on translation adjustments on net investment hedge	`DerivativesUsedInNetInvestmentHedgeTaxExpenseBenefit`	$-3.30M	USD	1 Quarter
Income tax expense (benefit) on translation adjustments on net investment hedge	`DerivativesUsedInNetInvestmentHedgeTaxExpenseBenefit`	$-4.80M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$47.70M	USD	1 Quarter
Income tax expense (benefit) on unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$500.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$40.30M	USD	1 Quarter
Income tax expense (benefit) on unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Translation adjustments on net investment hedge, net of income taxes of $(4.8) and $(3.3), respectively	`TranslationAdjustmentForNetInvestmentHedgeNetOfTaxPeriodIncreaseDecrease`	$-5.70M	USD	1 Quarter
Income tax expense (benefit) on defined benefit pension plans and retiree health care plan	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Income tax expense (benefit) on defined benefit pension plans and retiree health care plan	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-200.00K	USD	1 Quarter
Translation adjustments on net investment hedge, net of income taxes of $(4.8) and $(3.3), respectively	`TranslationAdjustmentForNetInvestmentHedgeNetOfTaxPeriodIncreaseDecrease`	$-16.40M	USD	1 Quarter
Income tax expense (benefit) on reclassification adjustment from AOCI for investment	`OtherComprehensiveIncomeLossReclassificationAdjustmentfromAOCIforInvestmentTransferredfromAvailableforsaletoEquityMethodTax`	$3.40M	USD	1 Quarter
Translation adjustments of long-term intercompany loans	`AdjustmentForLongTermIntercompanyTransactionsNetOfTax`	$3.50M	USD	1 Quarter
Translation adjustments of long-term intercompany loans	`AdjustmentForLongTermIntercompanyTransactionsNetOfTax`	$7.60M	USD	1 Quarter
Unrealized loss on investments, net of income taxes of $0.5 for 2017	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.40M	USD	1 Quarter
Unrealized loss on investments, net of income taxes of $0.5 for 2017	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Reclassification of unrealized cumulative gain on investments, net of income taxes of $(3.4), included in retained earnings as of January 1, 2018 upon adoption of new accounting guidance on financial instruments (See Note 11 to the Consolidated Financial Statements)	`OtherComprehensiveIncomeLossReclassificationAdjustmentfromAOCIforInvestmentTransferredfromAvailableforsaletoEquityMethodafterTax`	-	USD	1 Quarter
Reclassification of unrealized cumulative gain on investments, net of income taxes of $(3.4), included in retained earnings as of January 1, 2018 upon adoption of new accounting guidance on financial instruments (See Note 11 to the Consolidated Financial Statements)	`OtherComprehensiveIncomeLossReclassificationAdjustmentfromAOCIforInvestmentTransferredfromAvailableforsaletoEquityMethodafterTax`	$15.30M	USD	1 Quarter
Reclassification of unrealized cumulative gain on investments, net of income taxes of $(3.4), included in retained earnings as of January 1, 2018 upon adoption of new accounting guidance on financial instruments (See Note 11 to the Consolidated Financial Statements)	`OtherComprehensiveIncomeLossReclassificationAdjustmentfromAOCIforInvestmentTransferredfromAvailableforsaletoEquityMethodafterTax`	$15.30M	USD	Point-in-time
Defined benefit pension plans and retiree health care plan, net of income taxes of $0.2 and $0.0, respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-500.00K	USD	1 Quarter
Defined benefit pension plans and retiree health care plan, net of income taxes of $0.2 and $0.0, respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-200.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$24.10M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$40.70M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$115.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$121.10M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.