XML 73 R45.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Debt and Credit Agreements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments [Table Text Block] | A summary of the carrying amounts and fair values of our long-term debt is listed below.
| Effective Interest Rate |  | December 31,
2014 |  | 2013
| Book Value |  | Fair Value 1 |  | Book Value |  | Fair Value
6.25% Senior Unsecured Notes due 2014 | 6.29 | % |  | $ | 0.0 |  |  | $ | 0.0 |  |  | $ | 351.3 |  |  | $ | 365.6 |
2.25% Senior Notes due 2017 (less unamortized discount of $0.4) | 2.30 | % |  | 299.6 |  |  | 301.2 |  |  | 299.4 |  |  | 293.0 |
4.00% Senior Notes due 2022 (less unamortized discount of $2.3) | 4.13 | % |  | 247.7 |  |  | 255.2 |  |  | 247.4 |  |  | 241.6 |
3.75% Senior Notes due 2023 (less unamortized discount of $1.2) | 4.32 | % |  | 498.8 |  |  | 499.8 |  |  | 498.6 |  |  | 467.3 |
4.20% Senior Notes due 2024 (less unamortized discount of $0.9) | 4.24 | % |  | 499.1 |  |  | 509.8 |  |  | 0.0 |  |  | 0.0 |
Other notes payable and capitalized leases |  |  | 80.4 |  |  | 80.4 |  |  | 86.7 |  |  | 87.8 |
Total long-term debt |  |  | 1,625.6 |  |  |  |  | 1,483.4 |  |  |
Less: current portion 2 |  |  | 2.1 |  |  |  |  | 353.6 |  |  |
Long-term debt, excluding current portion |  |  | $ | 1,623.5 |  |  |  |  | $ | 1,129.8 |  |  |
1 | See Note 11 for information on the fair value measurement of our long-term debt.
2 | We included our 6.25% Senior Unsecured Notes due 2014 (the "6.25% Notes") in the current portion of long-debt on our December 31, 2013 Consolidated Balance Sheet because the 6.25% Notes were scheduled to mature on November 15, 2014. We redeemed the 6.25% Notes prior to their scheduled maturity during the second quarter of 2014.
Schedule of Maturities of Long-term Debt [Table Text Block] | Annual maturities are scheduled as follows based on the book value as of December 31, 2014.
2015 | $ | 2.1 |
2016 | 2.2 |
2017 | 324.2 |
2018 | 2.0 |
2019 | 2.0 |
Thereafter | 1,293.1 |
Total long-term debt | $ | 1,625.6 |
Schedule of Line of Credit Facilities [Table Text Block] | A summary of our credit facilities is presented below.
|  | December 31,
|  | 2014 |  | 2013
|  | Total Facility |  | Amount Outstanding |  | Letters of Credit |  | Total Available |  | Total Facility |  | Amount Outstanding |  | Letters of Credit |  | Total Available
Committed credit agreement |  | $ | 1,000.0 |  |  | $ | 0.0 |  |  | $ | 16.0 |  |  | $ | 984.0 |  |  | $ | 1,000.0 |  |  | $ | 0.0 |  |  | $ | 14.3 |  |  | $ | 985.7 |
Uncommitted credit agreements |  | $ | 740.3 |  |  | $ | 107.2 |  |  | $ | 3.9 |  |  | $ | 629.2 |  |  | $ | 700.2 |  |  | $ | 179.1 |  |  | $ | 4.2 |  |  | $ | 516.9 |
Schedule of Financial Covenants in Credit Agreement [Table Text Block] | The financial covenants in the Credit Agreement require that we maintain the following financial covenants listed below as of December 31, 2014 and thereafter.
Interest coverage ratio (not less than): 1 |  | 5.00x
Leverage ratio (not greater than): 2 |  | 3.25x
1 | The interest coverage ratio is defined as EBITDA, as defined in the Credit Agreement, to net interest expense.
2 | The leverage ratio is defined as debt as of the last day of such fiscal quarter to EBITDA, as defined in the Credit Agreement, for the four quarters then ended.

X
- Definition Tabular disclosure of financial covenants in the credit agreement by quarter, including interest coverage ratio, leverage ratio and minimum EBITDA. + References No definition available. + Details
Name: | ipg_ScheduleOfFinancialCovenantsInCreditAgreementTableTextBlock
Namespace Prefix: | ipg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
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 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 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=26873400&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 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 5: 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 6: 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 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 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: 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 10: 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 11: 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 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: 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=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph f -Article 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration