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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
ASSETS:    
Cash and cash equivalents $ 1,931.2 $ 2,386.1
Accounts receivable, net of allowance of $45.1 and $46.4, respectively 4,329.6 5,768.8
Accounts receivable, billable to clients 2,145.0 2,229.2
Prepaid Expense, Current 524.3 415.8
Assets held for sale 7.8 21.9
Other current assets 88.0 128.6
Total current assets 9,025.9 10,950.4
Property and equipment, net of accumulated depreciation and amortization of $1,247.7 and $1,224.9, respectively 624.1 636.7
Deferred Income Tax Assets, Net 277.5 265.0
Goodwill 5,063.7 5,080.9
Other intangible assets 722.3 743.6
Operating lease right-of-use asset 1,131.0 1,162.6
Other non-current assets 441.6 428.1
TOTAL ASSETS 17,286.1 19,267.3
LIABILITIES:    
Accounts payable 6,729.7 8,355.0
Accrued liabilities 527.9 705.8
Contract liabilities 707.7 684.7
Short-term borrowings 21.9 34.2
Current portion of long-term debt 250.2 250.1
Current portion of operating leases 247.9 252.6
Liabilities held for sale 13.0 48.5
Total current liabilities 8,498.3 10,330.9
Long-term debt 2,918.4 2,917.5
Non-current operating leases 1,181.4 1,216.8
Deferred compensation 193.7 223.6
Other non-current liabilities 575.2 532.4
TOTAL LIABILITIES 13,367.0 15,221.2
Redeemable noncontrolling interests 36.0 42.3
STOCKHOLDERS' EQUITY:    
Common stock 38.3 38.3
Additional paid-in capital 737.8 728.5
Retained earnings 4,239.1 4,254.5
Accumulated other comprehensive loss, net of tax (995.7) (946.2)
Stockholders' Equity before Treasury Stock 4,019.5 4,075.1
Treasury Stock, Value 195.4 132.5
Total IPG stockholders' equity 3,824.1 3,942.6
Noncontrolling interests 59.0 61.2
TOTAL STOCKHOLDERS' EQUITY 3,883.1 4,003.8
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 17,286.1 19,267.3
Parentheticals:    
Allowance for doubtful accounts receivable 45.1 46.4
Accumulated depreciation, property and equipment $ 1,247.4 $ 1,224.9