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SEC Filings

10-Q
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 10-Q on 04/21/2017
Entire Document
 
Notes to Consolidated Financial Statements – (continued)
(Amounts in Millions, Except Per Share Amounts)
(Unaudited)


We are effectively settled with respect to U.S. federal income tax audits through 2012, with the exception of 2009. With limited exceptions, we are no longer subject to state and local income tax audits for years prior to 2007 or non-U.S. income tax audits for years prior to 2006.

Note 6:  Incentive Compensation Plans
We issue stock-based compensation and cash awards to our employees under a plan established by the Compensation and Leadership Talent Committee of the Board of Directors (the “Compensation Committee”) and approved by our shareholders.
We issued the following stock-based awards under the 2014 Performance Incentive Plan (the "2014 PIP") during the three months ended March 31, 2017.
 
Awards
 
Weighted-average
grant-date fair value
(per award)
Stock-settled awards
0.7

 
$
24.29

Performance-based awards
4.8

 
$
20.06

Total stock-based compensation awards
5.5

 
 
During the three months ended March 31, 2017, the Compensation Committee granted performance cash awards and restricted cash awards under the 2014 PIP with a total target value of $53.9 and $2.2, respectively. Cash awards are expensed over the vesting period, which is typically three years.

Note 7:  Accumulated Other Comprehensive Loss, Net of Tax
The following tables present the changes in accumulated other comprehensive loss, net of tax, by component.
 
Foreign Currency
Translation Adjustments
 
Available-for-Sale
Securities
 
Derivative
Instruments
 
Defined Benefit Pension and Other Postretirement Plans
 
Total
Balance as of December 31, 2016
$
(716.7
)
 
$
0.6

 
$
(8.4
)
 
$
(238.0
)
 
$
(962.5
)
Other comprehensive income before reclassifications
50.1

 
0.1

 
0.0

 
0.1

 
50.3

Amount reclassified from accumulated other comprehensive loss, net of tax
1.2

 
0.0

 
0.3

 
1.3

 
2.8

Balance as of March 31, 2017
$
(665.4
)
 
$
0.7

 
$
(8.1
)
 
$
(236.6
)
 
$
(909.4
)
 
Foreign Currency
Translation Adjustments
 
Available-for-Sale
Securities
 
Derivative
Instruments
 
Defined Benefit Pension and Other Postretirement Plans
 
Total
Balance as of December 31, 2015
$
(665.6
)
 
$
1.3

 
$
(9.6
)
 
$
(171.7
)
 
$
(845.6
)
Other comprehensive income before reclassifications
56.4

 
0.1

 
0.0

 
0.5

 
57.0

Amount reclassified from accumulated other comprehensive loss, net of tax
(1.0
)
 
0.0

 
0.3

 
1.8

 
1.1

Balance as of March 31, 2016
$
(610.2
)
 
$
1.4

 
$
(9.3
)
 
$
(169.4
)
 
$
(787.5
)

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