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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
ASSETS:    
Cash and cash equivalents $ 2,340.6 $ 2,509.0
Accounts receivable, net of allowance of $90.2 and $98.3, respectively 3,893.6 4,646.4
Accounts receivable, billable to clients 2,043.4 1,820.7
Assets held for sale 4.6 0.8
Other current assets 500.3 390.7
Total current assets 8,782.5 9,367.6
Property and equipment, net of accumulated depreciation and amortization of $1,197.5 and $1,133.9, respectively 658.2 690.3
Deferred Income Tax Assets, Net 296.6 302.0
Goodwill 4,944.3 4,945.5
Other intangible assets 892.7 933.6
Operating lease right-of-use asset 1,336.3 1,379.3
Other non-current assets 411.1 424.4
TOTAL ASSETS 17,321.7 18,042.7
LIABILITIES:    
Accounts payable 6,605.9 7,269.7
Accrued liabilities 679.8 832.4
Contract liabilities 678.5 657.8
Short-term borrowings 56.7 48.0
Current portion of long-term debt 503.1 502.5
Current portion of operating leases 267.9 268.5
Liabilities held for sale 4.8 1.6
Total current liabilities 8,796.7 9,580.5
Long-term debt 2,907.9 2,915.8
Non-current operating leases 1,379.5 1,441.0
Deferred compensation 382.6 413.2
Other non-current liabilities 671.5 655.2
TOTAL LIABILITIES 14,138.2 15,005.7
Redeemable noncontrolling interests 72.2 93.1
STOCKHOLDERS' EQUITY:    
Common stock 39.3 39.0
Additional paid-in capital 1,132.4 1,099.3
Retained earnings 2,777.5 2,636.9
Accumulated other comprehensive loss, net of tax (886.3) (880.2)
Total IPG stockholders' equity 3,062.9 2,895.0
Noncontrolling interests 48.4 48.9
TOTAL STOCKHOLDERS' EQUITY 3,111.3 2,943.9
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 17,321.7 18,042.7
Parentheticals:    
Allowance for doubtful accounts receivable 90.2 98.3
Accumulated depreciation, property and equipment $ 1,197.5 $ 1,133.9