Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013
ASSETS:
Cash and cash equivalents	$ 1,660.6		$ 1,636.8
Marketable securities	6.6		5.3
Accounts receivable, net of allowance of $59.5 and $64.9	4,376.6		4,565.4
Expenditures billable to clients	1,424.2		1,536.4
Other current assets	342.2		340.1
Total current assets	7,810.2		8,084.0
Property and equipment, net	548.2		540.0
Deferred income taxes	192.9		144.0
Goodwill	3,669.2		3,629.0
Other non-current assets	526.7		508.0
TOTAL ASSETS	12,747.2		12,905.0
LIABILITIES:
Accounts payable	6,558.0		6,914.2
Accrued liabilities	796.0		718.4
Short-term borrowings	107.2		179.1
Long-term Debt, Current Maturities	2.1	[1]	353.6	[1]
Total current liabilities	7,463.3		8,165.3
Long-term debt	1,623.5		1,129.8
Deferred compensation	527.9		514.3
Other non-current liabilities	723.9		595.7
TOTAL LIABILITIES	10,338.6		10,405.1
Commitments and contingencies (see Note 14)
Redeemable noncontrolling interests (see Note 4)	257.4		249.1
STOCKHOLDERS' EQUITY:
Common stock, $0.10 par value, shares authorized: 800.0 shares issued: 2014 – 414.6; 2013 – 532.3 shares outstanding: 2014 – 413.8; 2013 – 424.5	41.2		53.0
Additional paid-in capital	1,547.5		2,975.2
Retained earnings	1,183.3		864.5
Accumulated other comprehensive loss, net of tax	(636.7)		(411.2)
Stockholders Equity Subtotal Before Treasury Stock	2,135.3		3,481.5
Less: Treasury stock, at cost: 2014 - 0.8 shares; 2013 - 107.8 shares	(19.0)		(1,266.3)
Total IPG stockholders' equity	2,116.3		2,215.2
Noncontrolling interests	34.9		35.6
TOTAL STOCKHOLDERS' EQUITY	2,151.2		2,250.8
TOTAL LIABILITIES AND EQUITY	$ 12,747.2		$ 12,905.0

[1] We included our 6.25% Senior Unsecured Notes due 2014 (the "6.25% Notes") in the current portion of long-debt on our December 31, 2013 Consolidated Balance Sheet because the 6.25% Notes were scheduled to mature on November 15, 2014. We redeemed the 6.25% Notes prior to their scheduled maturity during the second quarter of 2014.