Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
ASSETS:
Cash and cash equivalents	$ 657.6	$ 1,097.6
Marketable securities	3.2	3.0
Accounts receivable, net of allowance of $56.8 and $55.7, respectively	3,762.2	4,389.7
Expenditures billable to clients	1,720.7	1,518.1
Assets held for sale	19.7	203.2
Other current assets	323.1	226.4
Total current assets	6,486.5	7,438.0
Property and equipment, net of accumulated depreciation of $1,020.7 and $961.6, respectively	635.0	622.0
Deferred income taxes	260.9	220.3
Goodwill	3,753.1	3,674.4
Other non-current assets	542.7	530.5
TOTAL ASSETS	11,678.2	12,485.2
LIABILITIES:
Accounts payable	5,872.0	6,303.6
Accrued liabilities	513.1	794.0
Short-term borrowings	237.7	85.7
Current portion of long-term debt	301.7	323.9
Liabilities held for sale	21.7	198.8
Total current liabilities	6,946.2	7,706.0
Long-term debt	1,283.1	1,280.7
Deferred compensation	461.8	480.7
Other non-current liabilities	731.4	708.3
TOTAL LIABILITIES	9,422.5	10,175.7
Redeemable noncontrolling interests (see Note 4)	243.4	252.8
STOCKHOLDERS' EQUITY:
Common stock	39.9	39.4
Additional paid-in capital	1,220.2	1,199.2
Retained earnings	1,774.9	1,804.3
Accumulated other comprehensive loss, net of tax	(874.2)	(962.5)
Stockholders Equity Subtotal Before Treasury Stock	2,160.8	2,080.4
Less: Treasury stock	(178.3)	(63.3)
Total IPG stockholders' equity	1,982.5	2,017.1
Noncontrolling interests	29.8	39.6
TOTAL STOCKHOLDERS' EQUITY	2,012.3	2,056.7
TOTAL LIABILITIES AND EQUITY	11,678.2	12,485.2
Parentheticals:
Allowance for Doubtful Accounts Receivable	56.8	55.7
Accumulated Depreciation, Property and Equipment	$ 1,020.7	$ 961.6

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.