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Consolidated Balance Sheets (USD $)
In Millions
Sep. 30, 2011
Dec. 31, 2010
ASSETS:  
Cash and cash equivalents$ 1,785.0$ 2,675.7
Marketable securities13.813.7
Accounts receivable, net of allowance of $62.0 and $63.13,654.44,317.6
Expenditures billable to clients1,525.31,217.1
Other current assets250.8229.4
Total current assets7,229.38,453.5
Furniture, equipment and leasehold improvements, net of accumulated depreciation of $1,180.1 and $1,147.1441.5454.3
Deferred income taxes309.2334.2
Goodwill3,405.43,368.5
Other non-current assets440.5460.3
TOTAL ASSETS11,825.913,070.8
LIABILITIES:  
Accounts payable5,934.26,806.7
Accrued liabilities624.0780.5
Short-term borrowings149.9114.8
Current portion of long-term debt408.5[1]38.9[1]
Total current liabilities7,116.67,740.9
Long-term debt1,166.21,583.3
Deferred compensation447.3486.1
Other non-current liabilities424.6402.4
TOTAL LIABILITIES9,154.710,212.7
Redeemable noncontrolling interests (see Note 4)257.7291.2
STOCKHOLDERS' EQUITY:  
Preferred stock221.5221.5
Common stock48.247.5
Additional paid-in capital2,397.42,456.8
Retained earnings (accumulated deficit)176.2(63.7)
Accumulated other comprehensive loss, net of tax(181.6)(119.0)
Stockholders Equity Subtotal Before Treasury Stock2,661.72,543.1
Less: Treasury stock(283.1)(14.1)
Total IPG stockholders' equity2,378.62,529.0
Noncontrolling interests34.937.9
TOTAL STOCKHOLDERS' EQUITY2,413.52,566.9
TOTAL LIABILITIES AND EQUITY$ 11,825.9$ 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-term debt on our September 30, 2011 unaudited Consolidated Balance Sheet. Any 4.25% Notes not repurchased on March 15, 2012 will be reclassified to long-term debt.