CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
ASSETS:
Cash and cash equivalents	$ 1,531.2	$ 2,187.1
Accounts receivable, net of allowance of $39.7 and $37.0, respectively	4,946.4	5,649.7
Accounts receivable, billable to clients	2,073.6	2,088.4
Prepaid expenses	587.0	552.4
Assets held for sale	196.0	51.4
Other current assets	77.1	77.0
Total current assets	9,411.3	10,606.0
Property and equipment, net of accumulated depreciation and amortization of $1,309.8 and $1,258.1, respectively	502.7	566.8
Deferred income taxes	299.2	249.2
Goodwill	4,750.4	4,689.4
Other intangible assets	615.0	659.9
Operating lease right-of-use assets	831.1	1,037.8
Other non-current assets	555.6	516.7
TOTAL ASSETS	16,965.3	18,325.8
LIABILITIES:
Accounts payable	7,108.5	8,286.1
Accrued liabilities	615.5	661.6
Contract liabilities	595.7	509.0
Short-term borrowings	56.8	40.5
Current portion of long-term debt	0.1	0.1
Current portion of operating leases	246.0	237.2
Liabilities held for sale	121.3	23.5
Total current liabilities	8,743.9	9,758.0
Long-term debt	2,923.0	2,920.5
Non-current operating leases	919.0	1,056.3
Deferred compensation	186.1	202.3
Other non-current liabilities	481.3	478.6
TOTAL LIABILITIES	13,253.3	14,415.7
Redeemable non-controlling interests (see Note 6)	17.0	45.6
STOCKHOLDERS’ EQUITY:
Common stock	37.4	37.2
Additional paid-in capital	478.1	432.6
Retained earnings	4,294.7	4,440.2
Accumulated other comprehensive loss, net of tax	(893.9)	(1,112.6)
Stockholders' equity before treasury stock	3,916.3	3,797.4
Less: Treasury stock	259.5	0.0
Total IPG stockholders’ equity	3,656.8	3,797.4
Non-controlling interests	38.2	67.1
TOTAL STOCKHOLDERS’ EQUITY	3,695.0	3,864.5
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 16,965.3	$ 18,325.8