XML 37 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Balance Sheets (USD $)
In Millions
Jun. 30, 2011
Dec. 31, 2010
ASSETS:    
Cash and cash equivalents $ 1,809.8 $ 2,675.7
Marketable securities 14.2 13.7
Accounts receivable, net of allowance of $63.4 and $63.1 4,160.9 4,317.6
Expenditures billable to clients 1,348.7 1,217.1
Other current assets 260.1 229.4
Total current assets 7,593.7 8,453.5
Furniture, equipment and leasehold improvements, net of accumulated depreciation of $1,206.6 and $1,147.1 450.8 454.3
Deferred income taxes 373.0 334.2
Goodwill 3,427.1 3,368.5
Other non-current assets 457.0 460.3
TOTAL ASSETS 12,301.6 13,070.8
LIABILITIES:    
Accounts payable 4,064.7 4,474.5
Accrued liabilities 2,849.4 3,112.7
Short-term borrowings 150.0 114.8
Current portion of long-term debt 448.6 [1] 38.9 [1]
Total current liabilities 7,512.7 7,740.9
Long-term debt 1,167.8 1,583.3
Deferred compensation 451.4 486.1
Other non-current liabilities 402.1 402.4
TOTAL LIABILITIES 9,534.0 10,212.7
Redeemable noncontrolling interests (see Note 4) 272.1 291.2
STOCKHOLDERS' EQUITY:    
Preferred stock 221.5 221.5
Common stock 48.1 47.5
Additional paid-in capital 2,398.0 2,456.8
Accumulated deficit (4.3) (63.7)
Accumulated other comprehensive loss, net of tax (46.6) (119.0)
Stockholders Equity Subtotal Before Treasury Stock 2,616.7 2,543.1
Less: Treasury stock (153.1) (14.1)
Total IPG stockholders' equity 2,463.6 2,529.0
Noncontrolling interests 31.9 37.9
TOTAL STOCKHOLDERS' EQUITY 2,495.5 2,566.9
TOTAL LIABILITIES AND EQUITY $ 12,301.6 $ 13,070.8
[1] On March 15, 2012, holders of our 4.25% Convertible Senior Notes due 2023 (the “4.25% Notes”) may require us to repurchase their notes for cash at par and as such, we included these notes in the current portion of long-tern debt on our June 30, 2011 unaudited Consolidated Balance Sheet. Any 4.25% Notes not repurchased on March 15, 2012 will be reclassified to long-term debt.