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v3.20.2

Segment Information (Notes) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Segment Reporting Disclosure | Segment Information As of September 30, 2020, we have two reportable segments: IAN and CMG. IAN is comprised of McCann Worldgroup, FCB (Foote, Cone & Belding), MullenLowe Group, Media, Data Services and Tech, which includes IPG Mediabrands, Acxiom and Kinesso, our digital specialist agencies and our domestic integrated agencies. CMG is comprised of a number of our specialist marketing services offerings including Weber Shandwick, DeVries, Golin, FutureBrand, Jack Morton and Octagon Worldwide. We also report results for the “Corporate and other” group. We continue to evaluate our financial reporting structure, and the profitability measure, employed by our chief operating decision maker for allocating resources to operating divisions and assessing operating division performance, is segment EBITA. Summarized financial information concerning our reportable segments is shown in the following table.
| Three months ended September 30, |  |  |  | Nine months ended September 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Total revenue: |  |  |  |  |  |  |
IAN | $ | 1,783.6 |  |  | $ | 1,896.3 |  |  | $ | 5,274.9 |  |  | $ | 5,718.1 |
CMG | 341.9 |  |  | 541.8 |  |  | 1,236.1 |  |  | 1,601.4 |
Total | $ | 2,125.5 |  |  | $ | 2,438.1 |  |  | $ | 6,511.0 |  |  | $ | 7,319.5 |
Net revenue: |  |  |  |  |  |  |
IAN | $ | 1,685.5 |  |  | $ | 1,739.2 |  |  | $ | 4,935.7 |  |  | $ | 5,246.4 |
CMG | 269.1 |  |  | 322.2 |  |  | 844.4 |  |  | 945.7 |
Total | $ | 1,954.6 |  |  | $ | 2,061.4 |  |  | $ | 5,780.1 |  |  | $ | 6,192.1 |
Segment EBITA 1: |  |  |  |  |  |  |
IAN | $ | 260.0 |  |  | $ | 262.3 |  |  | $ | 459.4 |  |  | $ | 640.7 |
CMG | 25.9 |  |  | 50.7 |  |  | 21.9 |  |  | 94.0 |
Corporate and other | (16.0) |  |  | (11.0) |  |  | (51.9) |  |  | (75.4) |
Total | $ | 269.9 |  |  | $ | 302.0 |  |  | $ | 429.4 |  |  | $ | 659.3 |
Amortization of acquired intangibles: |  |  |  |  |  |  |
IAN | $ | 20.2 |  |  | $ | 20.6 |  |  | $ | 61.2 |  |  | $ | 61.3 |
CMG | 1.1 |  |  | 1.1 |  |  | 3.2 |  |  | 3.3 |
Corporate and other | 0.0 |  |  | 0.0 |  |  | 0.0 |  |  | 0.0 |
Total | $ | 21.3 |  |  | $ | 21.7 |  |  | $ | 64.4 |  |  | $ | 64.6 |
Depreciation and amortization 2: |  |  |  |  |  |  |
IAN | $ | 43.8 |  |  | $ | 40.9 |  |  | $ | 133.8 |  |  | $ | 127.9 |
CMG | 5.0 |  |  | 5.2 |  |  | 15.5 |  |  | 15.2 |
Corporate and other | 0.9 |  |  | 1.2 |  |  | 3.2 |  |  | 5.4 |
Total | $ | 49.7 |  |  | $ | 47.3 |  |  | $ | 152.5 |  |  | $ | 148.5 |
Capital expenditures: |  |  |  |  |  |  |
IAN | $ | 31.7 |  |  | $ | 44.5 |  |  | $ | 85.2 |  |  | $ | 106.9 |
CMG | 1.2 |  |  | 4.0 |  |  | 4.1 |  |  | 7.9 |
Corporate and other | 7.2 |  |  | 5.2 |  |  | 22.7 |  |  | 19.0 |
Total | $ | 40.1 |  |  | $ | 53.7 |  |  | $ | 112.0 |  |  | $ | 133.8 |
1 Adjusted EBITA is calculated as net income available to IPG common stockholders before (benefit of) provision for incomes taxes, total (expenses) and other income, equity in net (loss) income of unconsolidated affiliates, net loss (income) attributable to noncontrolling interests and amortization of acquired intangibles. 2 Excludes amortization of acquired intangibles.
| September 30, 2020 |  | December 31, 2019
Total assets: |  |  |
IAN | $ | 13,307.4 |  |  | $ | 15,155.2 |
CMG | 1,505.4 |  |  | 1,725.5 |
Corporate and other | 1,261.9 |  |  | 871.2 |
Total | $ | 16,074.7 |  |  | $ | 17,751.9 |
The following table presents the reconciliation of segment EBITA to Income before income taxes.
| Three months ended September 30, |  |  |  | Nine months ended September 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
IAN EBITA | $ | 260.0 |  |  | $ | 262.3 |  |  | $ | 459.4 |  |  | $ | 640.7 |
CMG EBITA | 25.9 |  |  | 50.7 |  |  | 21.9 |  |  | 94.0 |
Corporate and other EBITA | (16.0) |  |  | (11.0) |  |  | (51.9) |  |  | (75.4) |
Less: consolidated amortization of acquired intangibles | 21.3 |  |  | 21.7 |  |  | 64.4 |  |  | 64.6 |
Operating income | 248.6 |  |  | 280.3 |  |  | 365.0 |  |  | 594.7 |
Total (expenses) and other income | (56.0) |  |  | (47.6) |  |  | (177.3) |  |  | (144.2) |
Income before income taxes | $ | 192.6 |  |  | $ | 232.7 |  |  | $ | 187.7 |  |  | $ | 450.5 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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