Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
ASSETS:
Cash and cash equivalents	$ 790.9	$ 1,097.6
Accounts receivable, net of allowance of $42.7 and $55.7, respectively	4,585.0	4,389.7
Expenditures billable to clients	1,747.4	1,518.1
Assets held for sale	5.7	203.2
Other current assets	335.1	229.4
Total current assets	7,464.1	7,438.0
Property and equipment, net	650.4	622.0
Deferred income taxes	236.0	220.3
Goodwill	3,820.4	3,674.4
Other non-current assets	524.3	530.5
TOTAL ASSETS	12,695.2	12,485.2
LIABILITIES:
Accounts payable	6,907.8	6,303.6
Accrued liabilities	674.7	794.0
Short-term borrowings	84.9	85.7
Current portion of long-term debt	2.0	323.9
Liabilities held for sale	8.8	198.8
Total current liabilities	7,678.2	7,706.0
Long-term debt	1,285.6	1,280.7
Deferred compensation	476.6	480.7
Other non-current liabilities	766.9	708.3
TOTAL LIABILITIES	10,207.3	10,175.7
Redeemable noncontrolling interests (see Note 4)	252.1	252.8
STOCKHOLDERS' EQUITY:
Common stock, $0.10 par value, shares authorized: 800.0 shares issued: 2017 – 386.2; 2016 – 394.3 shares outstanding: 2017 – 383.2; 2016 – 391.6	38.6	39.4
Additional paid-in capital	955.2	1,199.2
Retained earnings	2,093.6	1,804.3
Accumulated other comprehensive loss, net of tax	(827.4)	(962.5)
Stockholders Equity Subtotal Before Treasury Stock	2,260.0	2,080.4
Less: Treasury stock, at cost: 2017 – 3.0 shares; 2016 – 2.7 shares	(59.0)	(63.3)
Total IPG stockholders' equity	2,201.0	2,017.1
Noncontrolling interests	34.8	39.6
TOTAL STOCKHOLDERS' EQUITY	2,235.8	2,056.7
TOTAL LIABILITIES AND EQUITY	$ 12,695.2	$ 12,485.2

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).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
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.