Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
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| REVENUE: | ||||||
| Net revenue | $ 2,309.0 | $ 2,296.2 | $ 6,814.4 | $ 6,898.9 | ||
| Billable expenses | 369.5 | 341.5 | 1,051.6 | 1,043.0 | ||
| Total revenue | 2,678.5 | 2,637.7 | 7,866.0 | 7,941.9 | | |
| OPERATING EXPENSES: | ||||||
| Salaries and related expenses | 1,531.1 | 1,546.8 | 4,707.0 | 4,701.4 | ||
| Office and other direct expenses | 318.8 | 327.9 | 989.6 | 1,001.1 | ||
| Billable expenses | 369.5 | 341.5 | 1,051.6 | 1,043.0 | ||
| Cost of services | 2,219.4 | 2,216.2 | 6,748.2 | 6,745.5 | ||
| Selling, general and administrative expenses | 16.9 | 18.5 | 43.7 | 57.2 | ||
| Depreciation and amortization | 66.0 | 67.0 | 199.0 | 201.9 | ||
| Restructuring charges | (0.6) | (5.8) | (0.7) | 0.7 | ||
| Total operating expenses | 2,301.7 | 2,295.9 | 6,990.2 | 7,005.3 | | |
| OPERATING INCOME | 376.8 | 341.8 | 875.8 | 936.6 | | |
| EXPENSES AND OTHER INCOME: | | |||||
| Interest expense | (58.7) | (42.6) | (164.2) | (121.2) | | |
| Interest income | 35.1 | 14.7 | 97.3 | 33.9 | | |
| Other (Expense) Income, Net | (13.7) | 17.5 | (24.8) | 6.8 | | |
| Total (expenses) and other income | (37.3) | (10.4) | (91.7) | (80.5) | | |
| Total Other Income Expenses | -74.6 | -20.8 | -183.4 | -161.0 | 0.0 | |
| Income before income taxes | 339.5 | 331.4 | 784.1 | 856.1 | | |
| Provision for income taxes | 91.5 | 76.4 | 135.9 | 209.2 | | |
| Income of consolidated companies | 248.0 | 255.0 | 648.2 | 646.9 | ||
| Equity in net (loss) income of unconsolidated affiliates | (2.3) | 2.5 | (1.7) | 3.3 | | |
| NET INCOME | 245.7 | 257.5 | 646.5 | 650.2 | | |
| Net income attributable to noncontrolling interests | (2.0) | (5.7) | (11.3) | (9.4) | | |
| NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS | $ 243.7 | $ 251.8 | $ 635.2 | $ 640.8 | ||
| Earnings per share, Basic | $ 0.64 | $ 0.64 | $ 1.65 | $ 1.63 | ||
| Earnings per share, Diluted | $ 0.63 | $ 0.64 | $ 1.64 | $ 1.62 | ||
| Weighted-average number of common shares outstanding, Basic | 383.6 | 390.6 | 385.0 | 392.7 | ||
| Weighted-average number of common shares outstanding, Diluted | 385.5 | 394.1 | 386.8 | 396.2 | ||
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations before income (loss) attributable to noncontrolling interest and addition of income (loss) from equity method investments. No definition available.
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- Definition Recovery of Direct Costs Expenses No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Interest income derived from funds deposited with both domestic and foreign financial institutions including funds in money market and other accounts. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Return of or reimbursements received in relation to direct costs and expenses previously paid or incurred. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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