<SEC-DOCUMENT>0000000000-22-010230.txt : 20230215
<SEC-HEADER>0000000000-22-010230.hdr.sgml : 20230215
<ACCEPTANCE-DATETIME>20220919153004
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-22-010230
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20220919

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERPUBLIC GROUP OF COMPANIES, INC.
		CENTRAL INDEX KEY:			0000051644
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING AGENCIES [7311]
		IRS NUMBER:				131024020
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		909 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-704-1200

	MAIL ADDRESS:	
		STREET 1:		909 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERPUBLIC GROUP OF COMPANIES INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MCCANN ERICKSON INC
		DATE OF NAME CHANGE:	19710715
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
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<TEXT>
United States securities and exchange commission logo





                             September 19, 2022

       Philippe Krakowsky
       Chief Executive Officer
       The Interpublic Group of Companies, Inc.
       909 Third Avenue
       New York, New York 10022

                                                        Re: The Interpublic
Group of Companies, Inc.
                                                            Form 10-K for the
Fiscal Year Ended December 31, 2021
                                                            Form 8-K Filed
February 10, 2022
                                                            Response dated
September 9, 2022
                                                            File No. 001-06686

       Dear Mr. Krakowsky:

              We have reviewed your September 9, 2022 response to our comment
letter and have the
       following comments. In some of our comments, we may ask you to provide
us with information
       so we may better understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

             After reviewing your response to these comments, we may have
additional
       comments. Unless we note otherwise, our references to prior comments are
to comments in our
       August 18, 2022 letter.

       Form 10-K for the Fiscal Year Ended December 31, 2021

       Item 7. Management's Discussion and Analysis of Financial Condition and
Results of
       Operations, page 19

   1.                                                   We note your response
to comment 1. Please identify "Credit Agreement EBITDA" as a
                                                        non-GAAP measure or
explain why you do not believe the measure represents a non-
                                                        GAAP measure. Refer to
Item 10(e) of Regulation S-K.
   2.                                                   We have reviewed your
response to comment 2 but continue to believe that your
                                                        presentation of
operating expense ratios based on revenue before billable expenses is not
                                                        appropriate. Please
revise to eliminate the presentation of operating expenses as a
                                                        percentage of revenues
before billable expenses. Please note that we will not object to
 Philippe Krakowsky
The Interpublic Group of Companies, Inc.
September 19, 2022
Page 2
         your presentation of segment EBITA and segment EBITA margin as a
percentage of
         revenue before billable expenses since this is your segment measure of
profitability as
         long as no totals or subtotals for your combined segment operations
are provided.
Form 8-K Filed February 10, 2022
Exhibit 99.1, page E-11

3.       We note your response to comment 3 but do not believe your response
addressed the
         concern raised in our comment. Removing the impact of your valuation
allowance
         appears to be an individually tailored income tax recognition method.
Please revise your
         presentation to remove this adjustment or tell us why you believe it
is not an individually
         tailored recognition method. Refer to Question 100.04 of the staff's
Compliance and
         Disclosure Interpretations on Non-GAAP Financial Measures.
       You may contact Tony Watson at (202) 551-3318 or Linda Cvrkel at (202)
551-3813 if
you have questions regarding comments on the financial statements and related
matters.



FirstName LastNamePhilippe Krakowsky                  Sincerely,
Comapany NameThe Interpublic Group of Companies, Inc.
                                                      Division of Corporation
Finance
September 19, 2022 Page 2                             Office of Trade &
Services
FirstName LastName
</TEXT>
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