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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
ASSETS:    
Cash and cash equivalents $ 1,085.4 $ 1,192.2
Accounts receivable, net of allowance of $81.3 and $40.2, respectively 3,146.6 5,209.2
Accounts receivable, billable to clients 1,463.7 1,934.1
Assets held for sale 26.6 22.8
Other current assets 492.0 412.4
Total current assets 6,214.3 8,770.7
Property and equipment, net of accumulated depreciation and amortization of $1,163.7 and $1,116.4, respectively 717.8 778.1
Deferred Income Tax Assets, Net 287.7 252.1
Goodwill 4,842.4 4,894.4
Other intangible assets 968.1 1,014.3
Operating lease right-of-use asset 1,435.8 1,574.4
Other non-current assets 430.8 467.9
TOTAL ASSETS 14,896.9 17,751.9
LIABILITIES:    
Accounts payable 4,328.1 7,205.4
Accrued liabilities 599.3 742.8
Contract liabilities 557.6 585.6
Short-term borrowings 51.9 52.4
Current portion of long-term debt 503.0 502.0
Current portion of operating leases 258.5 267.2
Liabilities held for sale 68.1 65.0
Total current liabilities 6,366.5 9,420.4
Long-term debt 3,411.7 2,771.9
Non-current operating leases 1,347.7 1,429.6
Deferred compensation 375.5 425.0
Other non-current liabilities 749.2 714.7
TOTAL LIABILITIES 12,250.6 14,761.6
Redeemable noncontrolling interests 155.2 164.7
STOCKHOLDERS' EQUITY:    
Common stock 38.9 38.7
Additional paid-in capital 996.3 977.3
Retained earnings 2,444.3 2,689.9
Accumulated other comprehensive loss, net of tax (1,029.1) (930.0)
Total IPG stockholders' equity 2,450.4 2,775.9
Noncontrolling interests 40.7 49.7
TOTAL STOCKHOLDERS' EQUITY 2,491.1 2,825.6
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 14,896.9 17,751.9
Parentheticals:    
Allowance for doubtful accounts receivable 81.3 40.2
Accumulated depreciation, property and equipment $ 1,163.7 $ 1,116.4