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Results by Quarter (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information  Results by Quarter (Unaudited) 
 
Three Months Ended
March 31,
 
Three Months Ended
June 30,
 
Three Months Ended
September 30,
 
Three Months Ended
December 31,
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Revenue:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
$
2,004.8

 
$
1,774.0

 
$
2,125.9

 
$
1,948.2

 
$
2,061.4

 
$
1,895.7

 
$
2,433.0

 
$
2,413.7

Billable expenses
356.4

 
395.1

 
394.3

 
443.6

 
376.7

 
401.8

 
468.8

 
442.3

Total Revenue
2,361.2

 
2,169.1

 
2,520.2

 
2,391.8

 
2,438.1

 
2,297.5

 
2,901.8

 
2,856.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Salaries and related expenses
1,421.1

 
1,330.3

 
1,381.2

 
1,292.9

 
1,334.4

 
1,251.4

 
1,432.1

 
1,423.7

Office and other direct expenses
389.2

 
323.8

 
387.3

 
333.3

 
367.9

 
317.0

 
419.7

 
381.0

Billable expenses
356.4

 
395.1

 
394.3

 
443.6

 
376.7

 
401.8

 
468.8

 
442.3

Cost of services
2,166.7

 
2,049.2

 
2,162.8

 
2,069.8

 
2,079.0

 
1,970.2

 
2,320.6

 
2,247.0

Selling, general and administrative expenses 1
41.4

 
35.1

 
18.1

 
28.8

 
9.8

 
21.6

 
24.5

 
81.0

Depreciation and amortization
71.1

 
46.0

 
73.0

 
44.0

 
69.0

 
44.0

 
65.4

 
68.9

Restructuring Charges 2
31.8

 
0.0

 
2.1

 
0.0

 
0.0

 
0.0

 
0.0

 
0.0

Total operating expenses
2,311.0

 
2,130.3

 
2,256.0

 
2,142.6

 
2,157.8

 
2,035.8

 
2,410.5

 
2,396.9

Operating income
50.2

 
38.8

 
264.2

 
249.2

 
280.3

 
261.7

 
491.3

 
459.1

Other (expense) income, net 3
(6.9
)
 
(24.4
)
 
(3.8
)
 
(16.3
)
 
(7.4
)
 
(15.3
)
 
(24.8
)
 
(13.6
)
Total (expenses) and other income
(48.9
)
 
(40.3
)
 
(47.7
)
 
(37.7
)
 
(47.6
)
 
(37.6
)
 
(63.5
)
 
(55.2
)
Provision for income taxes 4
10.5

 
12.7

 
43.6

 
63.6

 
64.6

 
60.7

 
86.1

 
62.2

Net (loss) income
(9.5
)
 
(16.1
)
 
172.8

 
147.8

 
168.4

 
163.5

 
342.2

 
342.5

Net (loss) income available to IPG common stockholders
$
(8.0
)
 
$
(14.1
)
 
$
169.5

 
$
145.8

 
$
165.6

 
$
161.0

 
$
328.9

 
$
326.2

(Loss) earnings per share available to IPG common stockholders:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
(0.02
)
 
$
(0.04
)
 
$
0.44

 
$
0.38

 
$
0.43

 
$
0.42

 
$
0.85

 
$
0.85

Diluted
$
(0.02
)
 
$
(0.04
)
 
$
0.43

 
$
0.37

 
$
0.42

 
$
0.41

 
$
0.84

 
$
0.84

Dividends declared per common share
$
0.235

 
$
0.210

 
$
0.235

 
$
0.210

 
$
0.235

 
$
0.210

 
$
0.235

 
$
0.210

 

1
The three months ended June 30, September 30 and December 31, 2018 included transaction costs of $1.4, $11.0, and $22.6, respectively, related to the acquisition of Acxiom. See "Acquisitions" Note 6 for further information.
2
The three months ended March 31, 2019 and June 30, 2019 included restructuring charges of $31.8 and $2.1, respectively. See "Restructuring Charges" Note 11 for further information.
3
The three months ended March 31, June 30, September 30 and December 31, 2019 included pre-tax net losses of $8.6, $3.2, $7.7, and $23.9, respectively, on sales of businesses. The three months ended March 31, June 30, September 30 and December 31, 2018 included pre-tax net losses of $24.4, $19.8, $5.8, and $11.9, respectively, on sales of businesses.
4
The three months ended June 30 and December 31, 2019 included a tax benefit of $13.9 related to the settlement of certain tax positions and $25.3 related to valuation allowance reversals, respectively. The three months ended December 31, 2018 included a tax benefit of $23.4 related to various discrete tax items.