Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
ASSETS:
Cash and cash equivalents	$ 1,502.9	$ 1,660.6
Marketable securities	6.8	6.6
Accounts receivable, net of allowance of $54.2 and $59.5	4,361.0	4,376.6
Expenditures billable to clients	1,594.4	1,424.2
Other current assets	228.0	342.2
Total current assets	7,693.1	7,810.2
Property and equipment, net	567.2	548.2
Deferred income taxes	228.4	192.9
Goodwill	3,608.5	3,669.2
Other non-current assets	487.9	516.1
TOTAL ASSETS	12,585.1	12,736.6
LIABILITIES:
Accounts payable	6,672.0	6,558.0
Accrued liabilities	760.3	796.0
Short-term borrowings	150.1	107.2
Current portion of long-term debt	1.9	2.1
Total current liabilities	7,584.3	7,463.3
Long-term debt	1,610.3	1,612.9
Deferred compensation	464.2	527.9
Other non-current liabilities	672.6	723.9
TOTAL LIABILITIES	$ 10,331.4	$ 10,328.0
Commitments and contingencies (see Note 14)
Redeemable noncontrolling interests (see Note 4)	$ 251.9	$ 257.4
STOCKHOLDERS' EQUITY:
Common stock, $0.10 par value, shares authorized: 800.0 shares issued: 2015 – 406.3; 2014 – 414.6 shares outstanding: 2015 – 403.2; 2014 – 413.8	40.4	41.2
Additional paid-in capital	1,404.1	1,547.5
Retained earnings	1,437.6	1,183.3
Accumulated other comprehensive loss, net of tax	(845.6)	(636.7)
Stockholders Equity Subtotal Before Treasury Stock	2,036.5	2,135.3
Less: Treasury stock, at cost: 2015 - 3.1 shares; 2014 - 0.8 shares	(71.0)	(19.0)
Total IPG stockholders' equity	1,965.5	2,116.3
Noncontrolling interests	36.3	34.9
TOTAL STOCKHOLDERS' EQUITY	2,001.8	2,151.2
TOTAL LIABILITIES AND EQUITY	$ 12,585.1	$ 12,736.6