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Results by Quarter (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Schedule of 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,
| 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018 |  | 2019 |  | 2018
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenue | $ | 2,004.8 |  |  | $ | 1,774.0 |  |  | $ | 2,125.9 |  |  | $ | 1,948.2 |  |  | $ | 2,061.4 |  |  | $ | 1,895.7 |  |  | $ | 2,433.0 |  |  | $ | 2,413.7 |
Billable expenses | 356.4 |  |  | 395.1 |  |  | 394.3 |  |  | 443.6 |  |  | 376.7 |  |  | 401.8 |  |  | 468.8 |  |  | 442.3 |
Total Revenue | 2,361.2 |  |  | 2,169.1 |  |  | 2,520.2 |  |  | 2,391.8 |  |  | 2,438.1 |  |  | 2,297.5 |  |  | 2,901.8 |  |  | 2,856.0 |
Operating Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and related expenses | 1,421.1 |  |  | 1,330.3 |  |  | 1,381.2 |  |  | 1,292.9 |  |  | 1,334.4 |  |  | 1,251.4 |  |  | 1,432.1 |  |  | 1,423.7 |
Office and other direct expenses | 389.2 |  |  | 323.8 |  |  | 387.3 |  |  | 333.3 |  |  | 367.9 |  |  | 317.0 |  |  | 419.7 |  |  | 381.0 |
Billable expenses | 356.4 |  |  | 395.1 |  |  | 394.3 |  |  | 443.6 |  |  | 376.7 |  |  | 401.8 |  |  | 468.8 |  |  | 442.3 |
Cost of services | 2,166.7 |  |  | 2,049.2 |  |  | 2,162.8 |  |  | 2,069.8 |  |  | 2,079.0 |  |  | 1,970.2 |  |  | 2,320.6 |  |  | 2,247.0 |
Selling, general and administrative expenses 1 | 41.4 |  |  | 35.1 |  |  | 18.1 |  |  | 28.8 |  |  | 9.8 |  |  | 21.6 |  |  | 24.5 |  |  | 81.0 |
Depreciation and amortization | 71.1 |  |  | 46.0 |  |  | 73.0 |  |  | 44.0 |  |  | 69.0 |  |  | 44.0 |  |  | 65.4 |  |  | 68.9 |
Restructuring Charges 2 | 31.8 |  |  | 0.0 |  |  | 2.1 |  |  | 0.0 |  |  | 0.0 |  |  | 0.0 |  |  | 0.0 |  |  | 0.0 |
Total operating expenses | 2,311.0 |  |  | 2,130.3 |  |  | 2,256.0 |  |  | 2,142.6 |  |  | 2,157.8 |  |  | 2,035.8 |  |  | 2,410.5 |  |  | 2,396.9 |
Operating income | 50.2 |  |  | 38.8 |  |  | 264.2 |  |  | 249.2 |  |  | 280.3 |  |  | 261.7 |  |  | 491.3 |  |  | 459.1 |
Other (expense) income, net 3 | (6.9 | ) |  | (24.4 | ) |  | (3.8 | ) |  | (16.3 | ) |  | (7.4 | ) |  | (15.3 | ) |  | (24.8 | ) |  | (13.6 | )
Total (expenses) and other income | (48.9 | ) |  | (40.3 | ) |  | (47.7 | ) |  | (37.7 | ) |  | (47.6 | ) |  | (37.6 | ) |  | (63.5 | ) |  | (55.2 | )
Provision for income taxes 4 | 10.5 |  |  | 12.7 |  |  | 43.6 |  |  | 63.6 |  |  | 64.6 |  |  | 60.7 |  |  | 86.1 |  |  | 62.2 |
Net (loss) income | (9.5 | ) |  | (16.1 | ) |  | 172.8 |  |  | 147.8 |  |  | 168.4 |  |  | 163.5 |  |  | 342.2 |  |  | 342.5 |
Net (loss) income available to IPG common stockholders | $ | (8.0 | ) |  | $ | (14.1 | ) |  | $ | 169.5 |  |  | $ | 145.8 |  |  | $ | 165.6 |  |  | $ | 161.0 |  |  | $ | 328.9 |  |  | $ | 326.2 |
(Loss) earnings per share available to IPG common stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | (0.02 | ) |  | $ | (0.04 | ) |  | $ | 0.44 |  |  | $ | 0.38 |  |  | $ | 0.43 |  |  | $ | 0.42 |  |  | $ | 0.85 |  |  | $ | 0.85 |
Diluted | $ | (0.02 | ) |  | $ | (0.04 | ) |  | $ | 0.43 |  |  | $ | 0.37 |  |  | $ | 0.42 |  |  | $ | 0.41 |  |  | $ | 0.84 |  |  | $ | 0.84 |
Dividends declared per common share | $ | 0.235 |  |  | $ | 0.210 |  |  | $ | 0.235 |  |  | $ | 0.210 |  |  | $ | 0.235 |  |  | $ | 0.210 |  |  | $ | 0.235 |  |  | $ | 0.210 |
1 | The three months ended June 30, September 30 and December 31, 2018 included transaction costs of $1.4, $11.0, and $22.6, respectively, related to the acquisition of Acxiom. See "Acquisitions" Note 6 for further information.
2 | The three months ended March 31, 2019 and June 30, 2019 included restructuring charges of $31.8 and $2.1, respectively. See "Restructuring Charges" Note 11 for further information.
3 | The three months ended March 31, June 30, September 30 and December 31, 2019 included pre-tax net losses of $8.6, $3.2, $7.7, and $23.9, respectively, on sales of businesses. 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.
4 The three months ended June 30 and December 31, 2019 included a tax benefit of $13.9 related to the settlement of certain tax positions and $25.3 related to valuation allowance reversals, respectively. The three months ended December 31, 2018 included a tax benefit of $23.4 related to various discrete tax items.

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