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Earnings Per Share Basic and Diluted (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Net income available to IPG common stockholders - basic $ 313.3 $ 68.7 [1] $ 99.0 $ (45.9) $ 259.0 $ 208.1 $ 101.7 $ (48.1) $ 435.1 $ 520.7 $ 271.2
Preferred stock dividends                 11.6 11.6 0
Benefit from preferred stock repurchased                 0 0 (21.7) [2]
Net income available to IPG common stockholders - diluted                 451.1 537.8 254.9
Weighted-average number of common shares outstanding - basic                 432.5 465.5 473.6
Restricted stock, stock options and other equity awards                 7.2 9.1 11.3
Preferred stock outstanding                 16.9 16.5 0
Preferred stock repurchased                 0 0 8.9
Weighted-average number of common shares outstanding - diluted                 481.4 540.6 542.1
Earnings per share available to IPG common stockholders - basic $ 0.74 $ 0.16 $ 0.23 $ (0.10) $ 0.58 $ 0.45 $ 0.21 $ (0.10) $ 1.01 $ 1.12 $ 0.57
Earnings per share available to IPG common stockholders - diluted $ 0.68 $ 0.15 $ 0.22 $ (0.10) $ 0.50 $ 0.40 $ 0.19 $ (0.10) $ 0.94 $ 0.99 $ 0.47
Dividends declared and associated with preferred stock repurchased                     4.0
4.25% Notes
                     
Interest on convertible debt                 0.3 [3] 1.4 1.4
Convertible debt securities                 7.9 [3] 33.0 32.2
4.75% Notes
                     
Interest on convertible debt                 $ 4.1 $ 4.1 $ 4.0
Convertible debt securities                 16.9 16.5 16.1
[1] The three months ended December 31, 2012 and the three months ended September 30, 2011, include a pre-tax gain of $93.6 and $132.2, respectively, related to the sale of our holdings in Facebook.
[2] For the year ended December 31, 2010, the benefit from the preferred stock repurchased is excluded from net income available to IPG common stockholders for purposes of calculating diluted earnings per share since the associated common shares, if converted, were dilutive. In addition, the benefit is also net of $4.0 of preferred dividends that were declared during the first quarter of 2010 and associated with the preferred stock repurchased.
[3] We retired all of our outstanding 4.25% Notes in March 2012. For purposes of calculating diluted earnings per share for 2012, the potentially dilutive shares are pro-rated based on the period they were outstanding.