CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
ASSETS:
Cash and cash equivalents	$ 1,564.4	$ 2,187.1
Accounts receivable, net of allowance of $37.4 and $37.0, respectively	4,850.7	5,649.7
Accounts receivable, billable to clients	2,103.0	2,088.4
Prepaid expenses	702.6	552.4
Assets held for sale	1.8	51.4
Other current assets	78.6	77.0
Total current assets	9,301.1	10,606.0
Property and equipment, net of accumulated depreciation and amortization of $1,312.7 and $1,258.1, respectively	529.2	566.8
Deferred income taxes	299.7	249.2
Goodwill	4,798.1	4,689.4
Other intangible assets	646.2	659.9
Operating lease right-of-use assets	891.8	1,037.8
Other non-current assets	561.0	516.7
TOTAL ASSETS	17,027.1	18,325.8
LIABILITIES:
Accounts payable	7,185.9	8,286.1
Accrued liabilities	580.0	661.6
Contract liabilities	654.9	509.0
Short-term borrowings	37.6	40.5
Current portion of long-term debt	0.1	0.1
Current portion of operating leases	247.9	237.2
Liabilities held for sale	0.0	23.5
Total current liabilities	8,706.4	9,758.0
Long-term debt	2,922.1	2,920.5
Non-current operating leases	977.0	1,056.3
Deferred compensation	187.1	202.3
Other non-current liabilities	449.5	478.6
TOTAL LIABILITIES	13,242.1	14,415.7
Redeemable non-controlling interests (see Note 6)	20.0	45.6
STOCKHOLDERS’ EQUITY:
Common stock	37.4	37.2
Additional paid-in capital	460.0	432.6
Retained earnings	4,294.3	4,440.2
Accumulated other comprehensive loss, net of tax	(889.5)	(1,112.6)
Stockholders' equity before treasury stock	3,902.2	3,797.4
Less: Treasury stock	189.8	0.0
Total IPG stockholders’ equity	3,712.4	3,797.4
Non-controlling interests	52.6	67.1
TOTAL STOCKHOLDERS’ EQUITY	3,765.0	3,864.5
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 17,027.1	$ 18,325.8