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Results by Quarter (Unaudited) (Notes)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
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,
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Revenue:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue 1,2
$
1,774.0

 
$
1,675.3

 
$
1,948.2

 
$
1,834.6

 
$
1,895.7

 
$
1,832.5

 
$
2,413.7

 
$
2,131.1

Billable expenses 1,2
395.1

 
388.5

 
443.6

 
351.2

 
401.8

 
375.7

 
442.3

 
458.7

Total Revenue 1,2
2,169.1

 
2,063.8

 
2,391.8

 
2,185.8

 
2,297.5

 
2,208.2

 
2,856.0

 
2,589.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Salaries and related expenses 2
1,330.3

 
1,251.7

 
1,292.9

 
1,228.9

 
1,251.4

 
1,218.8

 
1,423.7

 
1,291.3

Office and other direct 2 expenses
323.8

 
312.7

 
333.3

 
318.4

 
317.0

 
302.9

 
381.0

 
334.8

Billable expenses 1,2
395.1

 
388.5

 
443.6

 
351.2

 
401.8

 
375.7

 
442.3

 
458.7

Cost of services 2
2,049.2

 
1,952.9

 
2,069.8

 
1,898.5

 
1,970.2

 
1,897.4

 
2,247.0

 
2,084.8

Selling, general and administrative expenses 2
35.1

 
35.2

 
28.8

 
20.3

 
21.6

 
13.6

 
81.0

 
49.4

Depreciation and amortization 2
46.0

 
41.0

 
44.0

 
41.3

 
44.0

 
42.2

 
68.9

 
32.6

Total operating expenses 1,2
2,130.3

 
2,029.1

 
2,142.6

 
1,960.1

 
2,035.8

 
1,953.2

 
2,396.9

 
2,166.8

Operating income 1
38.8

 
34.7

 
249.2

 
225.7

 
261.7

 
255.0

 
459.1

 
423.0

Other (expense) income, net 3
(24.4
)
 
0.8

 
(16.3
)
 
(15.4
)
 
(15.3
)
 
(9.9
)
 
(13.6
)
 
(1.7
)
Total (expenses) and other income
(40.3
)
 
(14.9
)
 
(37.7
)
 
(36.4
)
 
(37.6
)
 
(26.8
)
 
(55.2
)
 
(19.5
)
Provision for (benefit of) income taxes 1,4
12.7

 
(0.3
)
 
63.6

 
81.6

 
60.7

 
54.9

 
62.2

 
135.1

Net (loss) income 1
(16.1
)
 
21.3

 
147.8

 
107.6

 
163.5

 
172.3

 
342.5

 
269.2

Net (loss) income available to IPG common stockholders 1
$
(14.1
)
 
$
24.7

 
$
145.8

 
$
107.7

 
$
161.0

 
$
169.7

 
$
326.2

 
$
252.3

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) earnings per share available to IPG common stockholders:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic 1
$
(0.04
)
 
$
0.06

 
$
0.38

 
$
0.27

 
$
0.42

 
$
0.44

 
$
0.85

 
$
0.66

Diluted 1
$
(0.04
)
 
$
0.06

 
$
0.37

 
$
0.27

 
$
0.41

 
$
0.43

 
$
0.84

 
$
0.64

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividends declared per common share
$
0.21

 
$
0.18

 
$
0.21

 
$
0.18

 
$
0.21

 
$
0.18

 
$
0.21

 
$
0.18


 


1
Effective January 1, 2018, the Company adopted Accounting Standards Codification Topic 606, Revenue from Contracts with Customers, ("ASC 606") using the full retrospective transition method and revised its Consolidated financial statements for the years ended December 31, 2017. See Note 1 and 2 for further detail on the ASC 606 adoption.
2
The Company has revised the presentation of its Consolidated Statements of Operations, which disaggregates net revenue and billable expenses within total revenue and separately presents cost of services; selling, general and administrative expenses; and depreciation and amortization within operating expenses. The revised presentation does not impact total revenue, total operating expenses or operating income.
3
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. The three months ended June 30 and September 30, 2017 included pre-tax net losses of $13.1 and $8.7, respectively, on sales of businesses.
4
The three months ended December 31, 2018 included a tax benefit of $23.4 related to various discrete tax items. The three months ended September 30, 2017 included a tax benefit of $31.2 related to foreign tax credits from distributions of unremitted earnings, which was reversed during the three months ended December 31, 2017 as a result of the enactment of the Tax Cuts and Jobs Act. The three months ended December 31, 2017 included a net tax benefit of $36.0 as a result of the enactment of the Tax Cuts and Jobs Act.