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Earnings Per Share (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net income available to IPG common stockholders - basic $ 99.0 $ 101.7 $ 53.1 $ 53.6
Preferred stock dividends 2.9 2.9 0 0
Net income available to IPG common stockholders - diluted 102.9 106.0 53.4 54.3
Weighted-average number of common shares outstanding - basic 437.4 473.1 437.5 474.6
Restricted stock, stock options and other equity awards 6.9 8.8 6.6 8.5
Preferred stock outstanding 16.7 16.2 0 0
Weighted-average number of common shares outstanding - diluted 477.7 546.9 459.7 515.6
Earnings per share available to IPG common stockholders - basic $ 0.23 $ 0.21 $ 0.12 $ 0.11
Earnings per share available to IPG common stockholders - diluted $ 0.22 $ 0.19 $ 0.12 $ 0.11
4.25% Notes
       
Interest on convertible debt 0 0.4 0.3 0.7
Convertible debt securities 0 [1] 32.5 15.6 [1] 32.5
4.75% Notes
       
Interest on convertible debt $ 1.0 $ 1.0 $ 0 $ 0
Convertible debt securities 16.7 16.3 0 0
[1] We retired all of our outstanding 4.25% Notes in March 2012. For purposes of calculating diluted earnings per share for the first half of 2012, the potentially dilutive shares are pro-rated based on the period they were outstanding.