Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Dec. 31, 2011		Dec. 31, 2010
ASSETS:
Cash and cash equivalents	$ 2,302.7		$ 2,675.7
Marketable securities	12.9		13.7
Accounts receivable, net of allowance of $55.4 and $63.1	4,425.4		4,317.6
Expenditures billable to clients	1,247.2		1,217.1
Other current assets	298.6		229.4
Total current assets	8,286.8		8,453.5
Furniture, equipment and leasehold improvements, net	459.8		454.3
Deferred income taxes	214.5		334.2
Goodwill	3,444.3	[1]	3,368.5	[1]
Other non-current assets	471.2		460.3
TOTAL ASSETS	12,876.6		13,070.8
LIABILITIES:
Accounts payable	6,647.2		6,806.7
Accrued liabilities	827.1		780.5
Short-term borrowings	153.5		114.8
Current portion of long-term debt	404.8	[2]	38.9	[2]
Total current liabilities	8,032.6		7,740.9
Long-term debt	1,210.9		1,583.3
Deferred compensation	440.3		486.1
Other non-current liabilities	452.1		402.4
TOTAL LIABILITIES	10,135.9		10,212.7
Redeemable noncontrolling interests (see Note 5)	243.4		291.2
STOCKHOLDERS' EQUITY:
Preferred stock	221.5		221.5
Common stock	48.2		47.5
Additional paid-in capital	2,427.5		2,456.8
Retained earnings (accumulated deficit)	405.1		(63.7)
Accumulated other comprehensive loss, net of tax	(225.7)		(119.0)
Stockholders Equity Subtotal Before Treasury Stock	2,876.6		2,543.1
Less: Treasury stock	(414.9)		(14.1)
Total IPG stockholders' equity	2,461.7		2,529.0
Noncontrolling interests	35.6		37.9
TOTAL STOCKHOLDERS' EQUITY	2,497.3		2,566.9
TOTAL LIABILITIES AND EQUITY	$ 12,876.6		$ 13,070.8

[1] For all periods presented we have not recorded a goodwill impairment charge.

[2] 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 accordingly, we included these notes in the current portion of long-term debt on our December 31, 2011 Consolidated Balance Sheet. The 4.25% Notes are redeemable in whole or in part at our option beginning March 15, 2012. Any 4.25% Notes not repurchased on March 15, 2012 and not called for redemption by us will be reclassified to long-term debt. On August 15, 2011, our 7.25% Senior Unsecured Notes due 2011 (the "2011 Notes") matured. Therefore we included these notes in current portion of long-term debt on our December 31, 2010 Consolidated Balance Sheet.