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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
ASSETS:    
Cash and cash equivalents $ 1,869.0 $ 2,187.1
Accounts receivable, net of allowance of $35.5 and $37.0, respectively 4,644.1 5,649.7
Accounts receivable, billable to clients 2,163.4 2,088.4
Prepaid Expense, Current 670.3 552.4
Assets held for sale 6.5 51.4
Other current assets 73.1 77.0
Total current assets 9,426.4 10,606.0
Property and equipment, net of accumulated depreciation and amortization of $1,275.9 and $1,258.1, respectively 540.0 566.8
Deferred Income Tax Assets, Net 272.5 249.2
Goodwill 4,756.1 4,689.4
Other intangible assets 665.7 659.9
Operating lease right-of-use asset 932.0 1,037.8
Other non-current assets 532.8 516.7
TOTAL ASSETS 17,125.5 18,325.8
LIABILITIES:    
Accounts payable 7,406.5 8,286.1
Accrued liabilities 561.4 661.6
Contract liabilities 598.4 509.0
Short-term borrowings 34.0 40.5
Current portion of long-term debt 0.1 0.1
Current portion of operating leases 240.4 237.2
Liabilities held for sale 0.0 23.5
Total current liabilities 8,840.8 9,758.0
Long-term debt 2,921.3 2,920.5
Non-current operating leases 1,010.0 1,056.3
Deferred compensation 180.7 202.3
Other non-current liabilities 479.2 478.6
TOTAL LIABILITIES 13,432.0 14,415.7
Redeemable noncontrolling interests 48.6 45.6
STOCKHOLDERS' EQUITY:    
Common stock 37.3 37.2
Additional paid-in capital 433.8 432.6
Retained earnings 4,230.7 4,440.2
Accumulated other comprehensive loss, net of tax (1,027.1) (1,112.6)
Stockholders' Equity before Treasury Stock 3,674.7 3,797.4
Treasury Stock, Value 90.6 0.0
Total IPG stockholders' equity 3,584.1 3,797.4
Noncontrolling interests 60.8 67.1
TOTAL STOCKHOLDERS' EQUITY 3,644.9 3,864.5
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 17,125.5 18,325.8
Parentheticals:    
Allowance for doubtful accounts receivable 35.5 37.0
Accumulated depreciation, property and equipment $ 1,275.9 $ 1,258.1