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Earnings Per Share (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net income available to IPG common stockholders - basic $ 68.7 $ 208.1 $ 121.8 $ 261.7
Preferred stock dividends 0 2.9 0 0
Net income available to IPG common stockholders - diluted 69.7 212.4 125.2 265.8
Weighted-average number of common shares outstanding - basic 431.3 464.7 435.5 471.3
Restricted stock, stock options and other equity awards 8.1 7.6 7.1 7.7
Preferred stock outstanding 0 16.5 0 0
Weighted-average number of common shares outstanding - diluted 456.1 537.6 469.7 527.8
Earnings per share available to IPG common stockholders - basic $ 0.16 $ 0.45 $ 0.28 $ 0.56
Earnings per share available to IPG common stockholders - diluted $ 0.15 $ 0.40 $ 0.27 $ 0.50
4.25% Notes
       
Interest on convertible debt 0 0.4 0.3 1.0
Convertible debt securities 0 [1] 32.5 10.4 [1] 32.5
4.75% Notes
       
Interest on convertible debt $ 1.0 $ 1.0 $ 3.1 $ 3.1
Convertible debt securities 16.7 16.3 16.7 16.3
[1] We retired all of our outstanding 4.25% Notes in March 2012. For purposes of calculating diluted earnings per share for the first nine months of 2012, the potentially dilutive shares are pro-rated based on the period they were outstanding.