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SEC Filings

10-K
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 10-K on 02/21/2017
Entire Document
 
Notes to Consolidated Financial Statements – (continued)
(Amounts in Millions, Except Per Share Amounts)

The following table provides a summary of other intangible assets, which are included in other assets on our Consolidated Balance Sheets.
 
 
December 31,
 
 
2016
 
2015
 
 
Gross Amount
 
Accumulated
Amortization
 
Net Amount
 
Gross Amount
 
Accumulated
Amortization
 
Net Amount
Customer lists
 
$
252.4

 
$
(151.4
)
 
$
101.0

 
$
249.0

 
$
(150.0
)
 
$
99.0

Trade names
 
65.5

 
(28.9
)
 
36.6

 
65.0

 
(25.7
)
 
39.3

Other
 
14.3

 
(3.8
)
 
10.5

 
13.7

 
(3.7
)
 
10.0

Total
 
$
332.2

 
$
(184.1
)
 
$
148.1

 
$
327.7

 
$
(179.4
)
 
$
148.3


The estimated annual amortization expense for other intangible assets for the next five years as of December 31, 2016 is listed below.
 
 
2017
 
2018
 
2019
 
2020
 
2021
Estimated amortization expense
 
$
22.6

 
$
21.7

 
$
20.0

 
$
18.0

 
$
17.8


Note 7:  Income Taxes
The components of income before income taxes are listed below.
 
Years ended December 31,
 
2016
 
2015
 
2014
Domestic
$
504.7

 
$
461.0

 
$
387.7

Foreign
325.5

 
301.2

 
333.0

Total
$
830.2

 
$
762.2

 
$
720.7

The provision for income taxes is listed below.
 
Years ended December 31,
 
2016
 
2015
 
2014
U.S. federal income taxes (including foreign withholding taxes):
 
 
 
 
 
Current
$
54.3

 
$
117.8

 
$
8.0

Deferred
36.6

 
46.9

 
130.7

 
90.9

 
164.7

 
138.7

State and local income taxes:
 
 
 
 
 
Current
8.2

 
15.1

 
9.7

Deferred
(1.5
)
 
13.0

 
23.8

 
6.7

 
28.1

 
33.5

Foreign income taxes:
 
 
 
 
 
Current
89.8

 
100.4

 
115.3

Deferred
10.6

 
(10.4
)
 
(71.0
)
 
100.4

 
90.0

 
44.3

Total
$
198.0

 
$
282.8

 
$
216.5


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