XML 65 R20.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Debt and Credit Arrangements (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2012
Debt and Credit Arrangements [Abstract] |
Summary of Carrying Amounts and Fair Values of Long-term Debt | A summary of the carrying amounts and fair values of our long-term debt is listed below.
| Effective Interest Rate |  | March 31, 2012 |  | December 31, 2011
Book Value |  | Fair Value 1 |  | Book Value |  | Fair Value
6.25% Senior Unsecured Notes due 2014 (less unamortized discount of $0.3) | 6.29 | % |  | $ | 353.9 |  |  | $ | 382.4 |  |  | $ | 354.3 |  |  | $ | 374.5 |
10.00% Senior Unsecured Notes due 2017 (less unamortized discount of $9.1) | 10.38 | % |  | 590.9 |  |  | 688.5 |  |  | 590.6 |  |  | 690.0 |
4.00% Senior Notes due 2022 (less unamortized discount of $3.1) | 4.13 | % |  | 246.9 |  |  | 245.0 |  |  | 0.0 |  |  | 0.0 |
4.75% Convertible Senior Notes due 2023 (plus unamortized premium of $2.2) | 3.50 | % |  | 202.2 |  |  | 226.5 |  |  | 202.7 |  |  | 220.5 |
4.25% Convertible Senior Notes due 2023 |  |  | 0.0 |  |  | 0.0 |  |  | 403.0 |  |  | 405.5 |
Other notes payable and capitalized leases |  |  | 65.6 |  |  | 64.5 |  |  | 65.1 |  |  |
Total long-term debt |  |  | 1,459.5 |  |  |  |  | 1,615.7 |  |  |
Less: current portion 2 |  |  | 219.8 |  |  |  |  | 404.8 |  |  |
Long-term debt, excluding current portion |  |  | $ | 1,239.7 |  |  |  |  | $ | 1,210.9 |  |  |
1 | See Note 10 for information on the fair value measurement of our long-term debt.
2 | On March 15, 2013, holders of our 4.75% Convertible Senior Notes due 2023 (the “4.75% Notes”) may require us to repurchase their notes for cash at par and as such, we included these notes in the current portion of long-term debt on our March 31, 2012 unaudited Consolidated Balance Sheet. The 4.75% Notes are redeemable in whole or in part at our option beginning March 15, 2013. Any 4.75% Notes not repurchased on March 15, 2013 and not called for redemption by us will be reclassified to long-term debt.
Schedule of Interest Rate Derivatives | The fair value of our interest rate swap agreements and the impact on other comprehensive income and earnings related to our interest rate swap agreements are as follows:
Fair Value of Derivatives
| March 31, 2012 |  | Balance Sheet Classification
Derivative liabilities |  |  |
Interest rate swap agreements | $ | 2.8 |  |  | Non-current liabilities
Impact on Other Comprehensive Income and Earnings
| Three months ended March 31, 2012
| Loss recognized in OCI (effective portion) |  | Gain (loss) recognized in earnings (ineffective portion)
Derivative liabilities |  |  |
Interest rate swap agreements | $ | (2.8 | ) |  | $ | 0.0 |

X
- Details
Name: | ipg_DebtAndCreditArrangementsAbstract
Namespace Prefix: | ipg_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 815 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 4C -Section 50 -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration