Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
ASSETS:
Cash and cash equivalents	$ 614.0	$ 673.4
Accounts receivable, net of allowance of $43.6 and $42.5, respectively	4,389.5	5,126.6
Accounts receivable, billable to clients	1,977.6	1,900.6
Assets held for sale	26.4	5.7
Other current assets	467.9	476.6
Total current assets	7,475.4	8,182.9
Property and equipment, net of accumulated depreciation of $1,103.4 and $1,034.9, respectively	767.1	790.9
Deferred income taxes	297.8	247.0
Goodwill	4,884.1	4,875.9
Other intangible assets	1,052.0	1,094.7
Operating lease right-of-use asset	1,596.5	0.0
Other non-current assets	454.0	428.9
TOTAL ASSETS	16,526.9	15,620.3
LIABILITIES:
Accounts payable	6,022.3	6,698.1
Accrued liabilities	626.4	806.9
Contract liabilities	585.2	533.9
Short-term borrowings	207.1	73.7
Current portion of long-term debt	0.3	0.1
Current portion of operating leases	261.0	0.0
Liabilities held for sale	29.0	11.2
Total current liabilities	7,731.3	8,123.9
Long-term debt	3,563.8	3,660.2
Non-current operating leases	1,463.2	0.0
Deferred compensation	401.6	422.7
Other non-current liabilities	720.3	812.8
TOTAL LIABILITIES	13,880.2	13,019.6
Redeemable noncontrolling interests	188.3	167.9
STOCKHOLDERS' EQUITY:
Common stock	38.6	38.3
Additional paid-in capital	921.4	895.9
Retained earnings	2,381.8	2,400.1
Accumulated other comprehensive loss, net of tax	(917.9)	(941.1)
Total IPG stockholders' equity	2,423.9	2,393.2
Noncontrolling interests	34.5	39.6
TOTAL STOCKHOLDERS' EQUITY	2,458.4	2,432.8
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	16,526.9	15,620.3
Parentheticals:
Allowance for doubtful accounts receivable	43.6	42.5
Accumulated depreciation, property and equipment	$ 1,103.4	$ 1,034.9