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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
ASSETS:    
Cash and cash equivalents $ 2,187.1 $ 2,386.1
Accounts receivable, net of allowance of $37.0 and $46.4, respectively 5,649.7 5,768.8
Accounts receivable, billable to clients 2,088.4 2,229.2
Prepaid Expense, Current 552.4 415.8
Assets held for sale 51.4 21.9
Other current assets 77.0 128.6
Total current assets 10,606.0 10,950.4
Property and equipment, net of accumulated depreciation of $1,258.1 and $1,224.9 respectively 566.8 636.7
Deferred Income Tax Assets, Net 249.2 265.0
Goodwill 4,689.4 5,080.9
Other intangible assets 659.9 743.6
Operating Lease, Right-of-Use Asset 1,037.8 1,162.6
Other non-current assets 516.7 428.1
TOTAL ASSETS 18,325.8 19,267.3
LIABILITIES:    
Accounts payable 8,286.1 8,355.0
Accrued liabilities 661.6 705.8
Contract liabilities 509.0 684.7
Short-term borrowings 40.5 34.2
Current portion of long-term debt 0.1 250.1
Operating Lease, Liability, Current 237.2 252.6
Liabilities held for sale 23.5 48.5
Total current liabilities 9,758.0 10,330.9
Long-term debt 2,920.5 2,917.5
Operating Lease, Liability, Noncurrent 1,056.3 1,216.8
Deferred compensation 202.3 223.6
Other non-current liabilities 478.6 532.4
TOTAL LIABILITIES 14,415.7 15,221.2
Redeemable noncontrolling interests 45.6 42.3
STOCKHOLDERS' EQUITY:    
Common stock, $0.10 par value, shares authorized: 800.0 shares issued: 2024 - 372.4; 2023 - 383.0 shares outstanding: 2024 - 372.4; 2023 - 378.7 37.2 38.3
Additional paid-in capital 432.6 728.5
Retained earnings 4,440.2 4,254.5
Accumulated other comprehensive loss, net of tax (1,112.6) (946.2)
Stockholders' Equity before Treasury Stock 3,797.4 4,075.1
Treasury Stock, Value 0.0 132.5
Total IPG stockholders' equity 3,797.4 3,942.6
Noncontrolling interests 67.1 61.2
TOTAL STOCKHOLDERS' EQUITY 3,864.5 4,003.8
TOTAL LIABILITIES AND EQUITY $ 18,325.8 $ 19,267.3