Company: KELYB
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000055135-25-000007
Chunk: 54

Company: KELLY SERVICES INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 54
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 million.The Company estimates the aggregate range of reasonably possible losses, in excess of amounts accrued, is $0.1 million to $1.2 million.  This range includes matters where a liability has been accrued but it is reasonably possible that the ultimate loss may exceed the amount accrued and for matters where a loss is believed to be reasonably possible, but a liability has not been accrued.  The aggregate range only represents matters in which we are currently able to estimate a range of loss and does not represent our maximum loss exposure.  The estimated range is subject to significant judgment and a variety of assumptions and only based upon currently available information.  For other matters, we are currently not able to estimate the reasonably possible loss or range of loss.While the ultimate outcome of these matters cannot be predicted with certainty, we believe that the resolution of any such proceedings will not have a material adverse effect on our financial condition, results of operations or cash flows.

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KELLY SERVICES, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

23. Segment DisclosuresThe Company’s operating segments, which also represent its reportable segments, are based on the organizational structure for which financial results are regularly evaluated by the Company’s chief operating decision-maker ("CODM", the Company’s CEO) to determine resource allocation and assess performance.  The Company’s four reportable segments in 2024, (1) Professional & Industrial (P&I), (2) Science, Engineering & Technology (SET), (3) Education (EDU), and (4) Outsourcing & Consulting (OCG), reflect the specialty services the Company provides to customers and represent how the business is organized internally.  Prior to 2024, the Company also had an International operating segment.  Beginning in the first quarter of 2024, the Company's organizational structure no longer includes the International segment following the sale of the EMEA staffing operations in January 2024.  Our Mexico operations, which were previously in our International segment, are now included in the Professional & Industrial segment.  Professional & Industrial segment information for the prior years has been recast to conform to the new structure.  Intersegment revenue represents revenue earned between the reportable segments and is eliminated from total segment revenue from services. P&I delivers staffing, outcome-based and permanent placement services, providing administrative, accounting and finance, light industrial and contact center staffing and other workforce solutions in the U.S. and Canada, including our KellyConnect and Skilled