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SEC Filings

10-Q
INTERPUBLIC GROUP OF COMPANIES, INC. filed this Form 10-Q on 04/21/2017
Entire Document
 

THE INTERPUBLIC GROUP OF COMPANIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Amounts in Millions)
(Unaudited)
 
Three months ended
March 31,
 
2017
 
2016
NET INCOME
$
18.1

 
$
2.7

 
 
 
 
OTHER COMPREHENSIVE INCOME
 
 
 
Foreign currency translation:
 
 
 
Foreign currency translation adjustments
50.6

 
56.9

Reclassification adjustments recognized in net income
1.2

 
(1.0
)
 
51.8

 
55.9

 
 
 
 
Available-for-sale securities:
 
 
 
Changes in fair value of available-for-sale securities
0.1

 
0.1

 
0.1

 
0.1

 
 
 
 
Derivative instruments:
 
 
 
Recognition of previously unrealized losses in net income
0.5

 
0.5

Income tax effect
(0.2
)
 
(0.2
)
 
0.3

 
0.3

 
 
 
 
Defined benefit pension and other postretirement plans:
 
 
 
Net actuarial gains for the period
0.0

 
0.2

Amortization of unrecognized losses, transition obligation and prior service cost included in net income
1.7

 
2.7

Other
(0.2
)
 
0.1

Income tax effect
(0.1
)
 
(0.7
)
 
1.4

 
2.3

 
 
 
 
Other comprehensive income, net of tax
53.6

 
58.6

TOTAL COMPREHENSIVE INCOME
71.7

 
61.3

Less: comprehensive loss attributable to noncontrolling interests
(2.9
)
 
(2.2
)
COMPREHENSIVE INCOME ATTRIBUTABLE TO IPG
$
74.6

 
$
63.5


The accompanying notes are an integral part of these unaudited financial statements.

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