Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2011	Apr. 15, 2011
Document and Entity Information
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2011
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q1
Entity Registrant Name	INTERPUBLIC GROUP OF COMPANIES, INC.
Entity Central Index Key	0000051644
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		488,694,439

Consolidated Statements of Operations (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2011	Mar. 31, 2010
Consolidated Statements of Operations
REVENUE	$ 1,474.8	$ 1,337.0
OPERATING EXPENSES:
Salaries and related expenses	1,080.1	979.3
Office and general expenses	439.2	416.8
Restructuring and other reorganization-related charges, net	0.8	0.3
Total operating expenses	1,520.1	1,396.4
OPERATING LOSS	(45.3)	(59.4)
EXPENSES AND OTHER INCOME:
Interest expense	(31.9)	(32.6)
Interest income	8.3	6.5
Other (expense) income, net	(6.1)	0.5
Total (expenses) and other income	(29.7)	(25.6)
Loss before income taxes	(75.0)	(85.0)
Benefit of income taxes	(21.5)	(15.3)
Loss of consolidated companies	(53.5)	(69.7)
Equity in net income (loss) of unconsolidated affiliates	0.3	(0.6)
NET LOSS	(53.2)	(70.3)
Net loss attributable to noncontrolling interests	8.0	5.7
NET LOSS ATTRIBUTABLE TO IPG	(45.2)	(64.6)
Dividends on preferred stock	(2.9)	(6.9)
NET LOSS AVAILABLE TO IPG COMMON STOCKHOLDERS	$ (48.1)	$ (71.5)
Loss per share available to IPG common stockholders - basic and diluted	$ (0.10)	$ (0.15)
Weighted-average number of common shares outstanding - basic and diluted	476.0	471.3
Dividends declared per common share	$ 0.06	$ 0

Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Mar. 31, 2011	Dec. 31, 2010
ASSETS:
Cash and cash equivalents	$ 1,840.2	$ 2,675.7
Marketable securities	14.1	13.7
Accounts receivable, net of allowance of $63.4 and $63.1	3,995.4	4,317.6
Expenditures billable to clients	1,357.8	1,217.1
Other current assets	266.6	229.4
Total current assets	7,474.1	8,453.5
Furniture, equipment and leasehold improvements, net of accumulated depreciation of $1,181.8 and $1,147.1	445.5	454.3
Deferred income taxes	398.9	334.2
Goodwill	3,407.7	3,368.5
Other non-current assets	451.0	460.3
TOTAL ASSETS	12,177.2	13,070.8
LIABILITIES:
Accounts payable	4,010.6	4,474.5
Accrued liabilities	2,733.6	3,112.7
Short-term borrowings	116.2	114.8
Current portion of long-term debt	452.4	38.9
Total current liabilities	7,312.8	7,740.9
Long-term debt	1,165.9	1,583.3
Deferred compensation	477.0	486.1
Other non-current liabilities	402.8	402.4
TOTAL LIABILITIES	9,358.5	10,212.7
Redeemable noncontrolling interests (see Note 4)	285.9	291.2
STOCKHOLDERS' EQUITY:
Preferred stock	221.5	221.5
Common stock	47.7	47.5
Additional paid-in capital	2,436.0	2,456.8
Accumulated deficit	(108.9)	(63.7)
Accumulated other comprehensive loss, net of tax	(73.8)	(119.0)
Stockholders' equity before treasury stock	2,522.5	2,543.1
Less: Treasury stock	(24.6)	(14.1)
Total IPG stockholders' equity	2,497.9	2,529.0
Noncontrolling interests	34.9	37.9
TOTAL STOCKHOLDERS' EQUITY	2,532.8	2,566.9
TOTAL LIABILITIES AND EQUITY	$ 12,177.2	$ 13,070.8

Consolidated Balance Sheets (Parenthetical) (USD $) In Millions, unless otherwise specified	Mar. 31, 2011	Dec. 31, 2010
Consolidated Balance Sheets
Accounts receivable, allowance	$ 63.4	$ 63.1
Furniture, equipment and leasehold improvements, accumulated depreciation	$ 1,181.8	$ 1,147.1

Consolidated Statements of Cash Flows (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2011	Mar. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (53.2)	$ (70.3)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization of fixed assets and intangible assets	35.6	37.4
Provision for uncollectible receivables	3.5	1.1
Amortization of restricted stock and other non-cash compensation	15.7	13.7
Net amortization of bond premiums and deferred financing costs	(1.9)	(1.0)
Deferred income tax benefit	(53.0)	(38.7)
Other	10.2	10.9
Changes in assets and liabilities, net of acquisitions and dispositions, providing (using) cash:
Accounts receivable	369.4	271.6
Expenditures billable to clients	(123.2)	(39.1)
Other current assets	(28.6)	(26.5)
Accounts payable	(429.6)	(347.8)
Accrued liabilities	(523.8)	(340.7)
Other non-current assets and liabilities	(22.8)	(26.1)
Net cash used in operating activities	(801.7)	(555.5)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(16.9)	(9.4)
Proceeds from sales of businesses and investments, net of cash sold	2.4	30.1
Acquisitions, including deferred payments, net of cash acquired	(2.1)	(5.6)
Other investing activities	(0.2)	(2.1)
Net cash (used in) provided by investing activities	(16.8)	13.0
CASH FLOWS FROM FINANCING ACTIVITIES:
Repurchase of common stock	(10.5)	0
Common stock dividends	(28.5)	0
Exercise of stock options	8.4	0
Preferred stock dividends	(2.9)	(6.9)
Net decrease in short-term bank borrowings	(5.0)	(7.8)
Distributions to noncontrolling interests	(3.1)	(4.5)
Other financing activities	(3.8)	3.0
Net cash used in financing activities	(45.4)	(16.2)
Effect of foreign exchange rate changes on cash and cash equivalents	28.4	(7.7)
Net decrease in cash and cash equivalents	(835.5)	(566.4)
Cash and cash equivalents at beginning of period	2,675.7	2,495.2
Cash and cash equivalents at end of period	$ 1,840.2	$ 1,928.8

Consolidated Statements of Stockholders' Equity and Comprehensive Loss (USD $) In Millions	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss, Net of Tax [Member]	Treasury Stock [Member]	Total IPG Stockholders' Equity [Member]	Noncontrolling Interests [Member]
Beginning balance at Dec. 31, 2009	$ 2,536.3	$ 525.0	$ 47.1	$ 2,441.0	$ (324.8)	$ (176.6)	$ (14.0)	$ 2,497.7	$ 38.6
Beginning balance, shares at Dec. 31, 2009			486.5
Net loss	(70.3)				(64.6)			(64.6)	(5.7)
Foreign currency translation adjustments, net of tax	(15.3)					(15.2)		(15.2)	(0.1)
Changes in market value of securities available-for-sale, net of tax	0.1					0.1		0.1
Unrecognized losses, transition obligation and prior service cost, net of tax	1.0					1.0		1.0
Total comprehensive loss	(84.5)							(78.7)	(5.8)
Reclassifications related to redeemable noncontrolling interests	12.8								12.8
Noncontrolling interest transactions	(0.3)			(0.2)				(0.2)	(0.1)
Distributions to noncontrolling interests	(4.5)								(4.5)
Change in redemption value of redeemable noncontrolling interests	(2.3)			(2.3)				(2.3)
Preferred stock dividends	(6.9)			(6.9)				(6.9)
Stock-based compensation	15.7			15.7				15.7
Restricted stock, net of forfeitures, shares			(0.4)
Restricted stock, net of forfeitures	(3.2)		0.1	(3.3)				(3.2)
Other, shares			0.1
Other	1.4		0	1.9			(0.1)	1.8	(0.4)
Ending balance at Mar. 31, 2010	2,464.5	525.0	47.2	2,445.9	(389.4)	(190.7)	(14.1)	2,423.9	40.6
Ending balance, shares at Mar. 31, 2010			486.2
Beginning balance at Dec. 31, 2010	2,566.9	221.5	47.5	2,456.8	(63.7)	(119.0)	(14.1)	2,529.0	37.9
Beginning balance, shares at Dec. 31, 2010			489.5
Net loss	(53.2)				(45.2)			(45.2)	(8.0)
Foreign currency translation adjustments, net of tax	43.7					43.5		43.5	0.2
Changes in market value of securities available-for-sale, net of tax	0.5					0.5		0.5
Unrecognized losses, transition obligation and prior service cost, net of tax	1.2					1.2		1.2
Total comprehensive loss	(7.8)							0	(7.8)
Reclassifications related to redeemable noncontrolling interests	11.2								11.2
Noncontrolling interest transactions	(3.3)			(0.1)				(0.1)	(3.2)
Distributions to noncontrolling interests	(3.1)								(3.1)
Change in redemption value of redeemable noncontrolling interests	(9.4)			(9.4)				(9.4)
Repurchase of common stock	(10.5)						(10.5)	(10.5)
Common stock dividends	(28.5)			(28.5)				(28.5)
Preferred stock dividends	(2.9)			(2.9)				(2.9)
Stock-based compensation	15.9			15.9				15.9
Exercise of stock options, shares			0.9
Exercise of stock options	8.5		0.1	8.4				8.5
Restricted stock, net of forfeitures, shares			0.4
Restricted stock, net of forfeitures	(6.2)		0.1	(6.3)				(6.2)
Other, shares			0.1
Other	2.0		0	2.1				2.1	(0.1)
Ending balance at Mar. 31, 2011	$ 2,532.8	$ 221.5	$ 47.7	$ 2,436.0	$ (108.9)	$ (73.8)	$ (24.6)	$ 2,497.9	$ 34.9
Ending balance, shares at Mar. 31, 2011			490.9

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2011
Basis of Presentation
Basis of Presentation	Note 1: Basis of Presentation The unaudited Consolidated Financial Statements have been prepared by The Interpublic Group of Companies, Inc. and subsidiaries (the "Company," "IPG," "we," "us" or "our") in accordance with accounting principles generally accepted in the United States of America and pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC") for reporting interim financial information on Form 10-Q. Accordingly, they do not include certain information and disclosures required for complete financial statements. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make judgments, assumptions and estimates that affect the amounts reported and disclosed. Actual results could differ from these estimates and assumptions. The consolidated results for interim periods are not necessarily indicative of results for the full year and should be read in conjunction with our 2010 Annual Report on Form 10-K. In the opinion of management, these unaudited Consolidated Financial Statements include all adjustments of a normal and recurring nature necessary for a fair statement of the information for each period contained therein. Certain reclassifications have been made to prior period financial statements to conform to the current period presentation. During the first quarter of 2011, we changed the classification of taxes assessed by governmental authorities that are directly imposed on our revenue-producing transactions from a gross to a net basis in a country. This change, which was applied retrospectively and does not change previously reported operating loss or net loss, decreased revenue and office and general expense by $6.6 and $4.3 for the quarters ended March 31, 2011 and 2010, respectively. We believe this presentation better aligns the Company's internal financial and operational management reporting as well as increases consistency in our external reporting across the countries in which we operate.

- Definition

Description containing the entire organization, consolidation and basis of presentation of financial statements disclosure. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements.

+ References+ Details

Debt and Credit Arrangements

3 Months Ended

Mar. 31, 2011

Debt and Credit Arrangements

Debt and Credit Arrangements

Note 2: Debt and Credit Arrangements

Long-Term Debt

A summary of the carrying amounts and fair values of our long-term debt is listed below.


				March 31, 2011				December 31, 2010
	Effective Interest Rate			Book Value		Fair Value ²		Book Value		Fair Value ²
7.25% Senior Unsecured Notes due 2011		7.25	%¹	$	36.3	$	36.6	$	36.3	$	37.0
6.25% Senior Unsecured Notes due 2014 (less unamortized discount of $0.4)		6.29	%¹		352.7		382.4		353.3		378.0
10.00% Senior Unsecured Notes due 2017 (less unamortized discount of $10.3)		10.38	%		589.7		714.0		589.4		705.0
4.75% Convertible Senior Notes due 2023 (plus unamortized premium of $4.4)		3.50	%		204.4		252.9		205.0		235.0
4.25% Convertible Senior Notes due 2023 (plus unamortized premium of $13.8)		0.58	%		413.8		461.6		417.4		444.4
Other notes payable and capitalized leases					21.4				20.8

Total long-term debt					1,618.3				1,622.2
Less: current portion ³					452.4				38.9

Long-term debt, excluding current portion				$	1,165.9			$	1,583.3

¹	Excludes the effect of related gains/losses on interest rate swaps.

²	Fair values are derived from trading quotes by institutions making a market in the securities and estimations of value by those institutions using proprietary models.

On March 15, 2012, holders of our 4.25% Convertible Senior Notes due 2023 (the "4.25% 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, 2011 unaudited Consolidated Balance Sheet. Any 4.25% Notes not repurchased on March 15, 2012 will be reclassified to long-term debt.

Interest Rate Swaps

In March 2011, we entered into an interest rate swap agreement related to our 6.25% Senior Unsecured Notes due 2014 (the "2014 Notes") to convert $100.0 notional amount of our $350.0 2014 Notes from fixed rate to floating rate debt. In April 2011, we entered into an additional interest rate swap agreement related to the 2014 Notes to convert an additional $100.0 notional amount of our 2014 Notes from fixed rate to floating rate debt.

We enter into interest rate swaps for risk management purposes to manage our exposure to changes in interest rates. The interest rate swap agreements mature on November 15, 2014, coinciding with the maturity of the 2014 Notes. We pay a variable interest rate based upon the three-month U.S. LIBOR rate plus a fixed spread and receive a fixed interest rate of 6.25%. The variable interest rate is reset quarterly, and we make our interest payments semi-annually on May 15th and November 15th. We receive fixed payments semi-annually on May 15th and November 15th. These interest rate swap agreements qualify for hedge accounting as fair value hedges. We evaluate the appropriateness of hedge accounting at inception and throughout the hedge period.

The following table presents the fair value of our interest rate swap agreement and related debt and the associated gains/(losses) recognized in net loss due to changes in fair value of our interest rate swap agreement and the underlying debt.


	Consolidated Balance Sheet
March 31, 2011	Caption	Fair value
Interest rate swap agreements	Other non-current liabilities	$	0.3
Hedged debt	Long-term debt		(0.3	)

	Consolidated Statement of Operations
Three months ended March 31, 2011	Caption	Gains / (losses) recognized in net loss
Three months ended March 31, 2011	Caption	Gains / (losses) recognized in net loss
Interest rate swap agreements	Other (expense) income, net	$	(0.3	)
Hedged debt	Other (expense) income, net		0.3

Credit Facilities

We maintain a committed corporate credit facility to increase our financial flexibility. The credit facility is a revolving facility expiring July 18, 2013, under which amounts borrowed by us or any of our subsidiaries designated under the credit facility may be repaid and reborrowed, subject to an aggregate lending limit of $650.0 or the equivalent in other currencies. The aggregate available amount of letters of credit outstanding may decrease or increase, subject to a limit on letters of credit of $200.0 or the equivalent in other currencies. Our obligations under the credit facility are unsecured. We have not drawn on any of our corporate credit facilities since 2003, although we use them for letters of credit primarily to support obligations of our subsidiaries.

We were in compliance with all of our covenants in the credit facility as of March 31, 2011.

Loss Per Share

3 Months Ended

Mar. 31, 2011

Loss Per Share

Loss Per Share

Note 3: Loss Per Share

The following sets forth basic and diluted loss per common share available to IPG common stockholders.


	Three months ended March 31,
	2011			2010
Net loss available to IPG common stockholders	$	(48.1	)	$	(71.5	)
Weighted-average number of common shares outstanding – basic and diluted		476.0			471.3
Loss per share available to IPG common stockholders – basic and diluted	$	(0.10	)	$	(0.15	)

Basic and diluted shares outstanding and loss per share are equal for the three months ended March 31, 2011 and 2010 because our potentially dilutive securities are antidilutive as a result of the net loss available to IPG common stockholders in each period presented. The following table presents the potential shares excluded from the diluted loss per share calculation because the effect of including these potential shares would be antidilutive.


	Three months ended March 31,
	2011		2010
Restricted stock, stock options and other equity awards		13.3		10.8
4.75% Notes		16.1		16.1
4.25% Notes		32.2		32.2
Preferred stock outstanding		16.2		38.4

Total		77.8		97.5

Also excluded from the diluted loss per share calculation for the three months ended March 31, 2011 and 2010 were 8.1 and 20.7, respectively, of outstanding stock options whose exercise price was greater than the average market price. In any period in which the exercise price is less than the average market price, these options have the potential to be dilutive, though the application of the treasury stock method would reduce this amount.

Supplementary Data

3 Months Ended

Mar. 31, 2011

Supplementary Data

Supplementary Data

Note 4: Supplementary Data

Accrued Liabilities

The following table presents the components of accrued liabilities.


	March 31, 2011		December 31, 2010
Media and production expenses	$	2,115.0	$	2,332.2
Salaries, benefits and related expenses		326.4		470.0
Office and related expenses		56.3		62.0
Acquisition obligations		69.6		63.5
Interest		24.4		41.5
Professional fees		22.2		24.6
Other		119.7		118.9

Total accrued liabilities	$	2,733.6	$	3,112.7

2004 Restatement Liabilities

As part of the restatement we presented in our 2004 Annual Report on Form 10-K (the "2004 Restatement"), we recognized liabilities related to vendor discounts and credits where we had a contractual or legal obligation to rebate such amounts to our clients or vendors. Reductions to these liabilities are achieved through settlements with clients and vendors, but also may occur if the applicable statute of limitations in a jurisdiction has lapsed. As of March 31, 2011 and December 31, 2010, we had vendor discounts and credit liabilities of $85.6 and $82.5, respectively, related to the 2004 Restatement.

Other (Expense) Income, net

Results of operations for the three months ended March 31, 2011 and 2010 include certain items which are not directly associated with our revenue-producing operations.


	Three months ended March 31,
	2011			2010
(Losses) gains on sales of businesses and investments	$	(6.6	)	$	0.2
Other income, net		0.5			0.3

Total other (expense) income, net	$	(6.1	)	$	0.5

Sales of Businesses and Investments – During the three months ended March 31, 2011, we recognized a loss relating to the sale of a business in the domestic market within our Integrated Agency Networks ("IAN") segment.

Share Repurchase Program

On February 24, 2011 our Board of Directors (the "Board") authorized a program to repurchase from time to time up to $300.0 of our common stock. We may effect such repurchases through open market purchases, trading plans established in accordance with SEC rules, derivative transactions or other means. The timing and amount of repurchases under the authorization will depend on market conditions and our other funding requirements. The share repurchase program has no expiration date. During the period from the Board's authorization through March 31, 2011, we repurchased 0.9 shares at an average price of $12.36 per share and an aggregate cost of $10.5.

Redeemable Noncontrolling Interests

The following table presents changes in our redeemable noncontrolling interests.


	Three months ended March 31,
	2011			2010
Balance at beginning of period	$	291.2		$	277.8
Noncontrolling interest balance related to redeemable noncontrolling interests		(11.2	)		(12.8	)
Changes in redemption value of redeemable noncontrolling interests:
Additions		3.6			2.4
Redemptions and reclassifications		(7.4	)		(16.7	)
Redemption value adjustments ¹		9.7			4.4

Balance at end of period	$	285.9		$	255.1

1	Redeemable noncontrolling interests are reported at their estimated redemption value in each reporting period, but not less than their initial fair value. Any adjustment to the redemption value impacts additional paid-in capital, except adjustments as a result of currency translation.

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2011
Income Taxes
Income Taxes	Note 5: Income Taxes For the three months ended March 31, 2011, our effective tax rate of 28.7% was negatively impacted by losses in certain foreign locations for which we receive no benefit due to 100% valuation allowances and the establishment of a valuation allowance in the United Kingdom. Our effective tax rate was positively impacted due to tax efficiencies from entity consolidation in the Asia Pacific region and the loss relating to the sale of a business in the domestic market. We have various tax years under examination by tax authorities in various countries, such as the United Kingdom, and in various states, such as New York, in which we have significant business operations. It is not yet known whether these examinations will, in the aggregate, result in our paying additional taxes. We believe our tax reserves are adequate in relation to the potential for additional assessments in each of the jurisdictions in which we are subject to taxation. We regularly assess the likelihood of additional tax assessments in those jurisdictions and, if necessary, adjust our reserves as additional information or events require. With respect to all tax years open to examination by U.S. federal and various state, local and non-U.S. tax authorities, we currently anticipate that total unrecognized tax benefits will decrease by an amount between $5.0 and $15.0 in the next twelve months, a portion of which will affect the effective tax rate, primarily as a result of the settlement of tax examinations and the lapsing of statutes of limitations. This net decrease is related to various items of income and expense, primarily transfer pricing adjustments. We are effectively settled with respect to U.S. income tax audits for years prior to 2007. With limited exceptions, we are no longer subject to state and local income tax audits for years prior to 1999, or non-U.S. income tax audits for years prior to 2000.

Incentive Compensation Plans

3 Months Ended

Mar. 31, 2011

Incentive Compensation Plans

Incentive Compensation Plans

Note 6: Incentive Compensation Plans

We issue stock-based compensation and cash awards to our employees under a plan established by the Compensation and Leadership Talent Committee of the Board of Directors (the "Compensation Committee") and approved by our shareholders.

We issued the following stock-based awards under the 2009 Performance Incentive Plan (the "2009 PIP") during the three months ended March 31, 2011.


	Awards		Weighted-average grant-date fair value (per award)
Stock options		0.7	$	4.73
Stock-settled awards		0.6	$	12.94
Performance-based awards		1.4	$	11.87

Total stock-based compensation awards		2.7

During the three months ended March 31, 2011, the Compensation Committee granted performance cash awards of $70.6 under the 2009 PIP. Of this amount, awards with a total target value of $31.6 will be settled in shares upon vesting, which is three years from the grant date. The number of shares to be settled on the vesting date will be calculated as the cash value adjusted for performance divided by our stock price on the vesting date. The remaining awards will be amortized over the vesting period, typically three years.

Employee Benefits

3 Months Ended

Mar. 31, 2011

Employee Benefits

Employee Benefits

Note 7: Employee Benefits

We have a domestic pension plan which covers certain U.S. employees. We also have numerous foreign pension plans outside the U.S., some of which are funded, while others provide payments at the time of retirement or termination under applicable labor laws or agreements. Some of our domestic and foreign agencies also provide postretirement benefits to eligible employees and their dependents. Certain immaterial foreign pension and postretirement plans have been excluded from the table below. The components of net periodic cost for the domestic pension plan, the principal foreign pension plans and the postretirement benefit plan are listed below.


	Domestic Pension Plan						Foreign Pension Plans						Postretirement Benefit Plan
Three months ended March 31,	2011			2010			2011			2010			2011		2010
Service cost	$	0.0		$	0.0		$	2.2		$	3.2		$	0.1	$	0.1
Interest cost		1.7			1.8			5.8			5.9			0.7		0.8
Expected return on plan assets		(1.8	)		(1.6	)		(4.7	)		(4.4	)		0.0		0.0
Settlement losses		0.0			0.0			0.0			0.4			0.0		0.0
Amortization of:
Prior service cost		0.0			0.0			0.0			0.1			0.0		0.0
Unrecognized actuarial losses		1.7			2.3			0.2			0.5			0.0		0.0

Net periodic cost	$	1.6		$	2.5		$	3.5		$	5.7		$	0.8	$	0.9

During the three months ended March 31, 2011, we contributed $11.7 of cash to our domestic pension plan and $5.8 of cash to our foreign pension plans. For the remainder of 2011, we expect to contribute approximately $2.4 and $19.0 of cash to our domestic and foreign pension plans, respectively.

Segment Information

3 Months Ended

Mar. 31, 2011

Segment Information

Segment Information

Note 8: Segment Information

We have two reportable segments: IAN, which is comprised of McCann Worldgroup, Draftfcb, Lowe, Mediabrands and our domestic integrated agencies, and Constituency Management Group ("CMG"), which is comprised of a number of our specialist marketing services offerings. We also report results for the "Corporate and other" group. The profitability measure employed by our chief operating decision maker for allocating resources to operating divisions and assessing operating division performance is operating income (loss), excluding the impact of restructuring and other reorganization-related charges, net and long-lived asset impairment and other charges, if applicable. Other than certain reclassifications, the segment information is presented consistently with the basis described in our 2010 Annual Report on Form 10-K.

Summarized financial information concerning our reportable segments is shown in the following table.


	Three months ended March 31,
	2011			2010
Revenue:
IAN	$	1,235.9		$	1,109.2
CMG		238.9			227.8

Total	$	1,474.8		$	1,337.0


Segment operating income (loss):
IAN	$	(21.4	)	$	(33.3	)
CMG		10.7			7.7
Corporate and other		(33.8	)		(33.5	)

Total		(44.5	)		(59.1	)


Restructuring and other reorganization-related charges, net		(0.8	)		(0.3	)
Interest expense		(31.9	)		(32.6	)
Interest income		8.3			6.5
Other (expense) income, net		(6.1	)		0.5

Loss before income taxes	$	(75.0	)	$	(85.0	)


Depreciation and amortization of fixed assets and intangible assets:
IAN	$	29.3		$	28.7
CMG		3.1			3.6
Corporate and other		3.2			5.1

Total	$	35.6		$	37.4


Capital expenditures:
IAN	$	14.0		$	8.6
CMG		1.3			0.3
Corporate and other		1.6			0.5

Total	$	16.9		$	9.4


	March 31, 2011			December 31, 2010
Total assets:
IAN	$	10,271.3		$	10,481.7
CMG		930.3			930.5
Corporate and other		975.6			1,658.6

Total	$	12,177.2		$	13,070.8

Fair Value Measurements

3 Months Ended

Mar. 31, 2011

Fair Value Measurements

Fair Value Measurements

Note 9: Fair Value Measurements

Authoritative guidance for fair value measurements establishes a fair value hierarchy that requires us to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. We primarily apply the market approach for recurring fair value measurements. There are three levels of inputs that may be used to measure fair value:


Level 1		Unadjusted quoted prices in active markets for identical assets or liabilities. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2		Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3		Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

There were no changes to our valuation techniques used to measure the fair value of assets and liabilities on a recurring basis during the three months ended March 31, 2011. The following tables present information about our assets and liabilities measured at fair value on a recurring basis as of March 31, 2011 and March 31, 2010, and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value.


	March 31, 2011
	Level 1			Level 2			Level 3			Total			Balance Sheet Classification
Assets
Cash equivalents	$	1,100.2		$	0.0		$	0.0		$	1,100.2		Cash and cash equivalents
Short-term marketable securities		14.1			0.0			0.0			14.1		Marketable securities
Long-term investments		1.4			13.9			0.0			15.3		Other assets

Total	$	1,115.7		$	13.9		$	0.0		$	1,129.6

As a percentage of total assets		9.2	%		0.1	%		0.0	%		9.3	%

Liabilities
Interest rate swap agreements ¹	$	0.0		$	0.3		$	0.0		$	0.3		Other non-current liabilities
Mandatorily redeemable noncontrolling interests ²		0.0			0.0			57.9			57.9

	March 31, 2010
	Level 1			Level 2			Level 3			Total			Balance Sheet Classification
Assets
Cash equivalents	$	1,239.1		$	0.0		$	0.0		$	1,239.1		Cash and cash equivalents
Short-term marketable securities		12.7			0.0			0.0			12.7		Marketable securities
Long-term investments		1.3			13.8			0.0			15.1		Other assets
Foreign currency derivatives ³		0.0			0.0			0.6			0.6		Other assets

Total	$	1,253.1		$	13.8		$	0.6		$	1,267.5


As a percentage of total assets		11.0	%		0.1	%		0.0	%		11.1	%
Liabilities
Mandatorily redeemable noncontrolling interests ²	$	0.0		$	0.0		$	63.5		$	63.5

1	Our interest rate swap agreements are fair value hedges whose fair value was derived from the present value of future cash flows using valuation models that were based on readily observable market data such as interest rates and yield curves.

Relates to unconditional obligations to purchase additional noncontrolling equity shares of consolidated subsidiaries. Fair value measurement of the obligation was based upon the amount payable as if the forward contracts were settled. The amount redeemable within the next twelve months is classified in accrued liabilities; any interests redeemable thereafter are classified in other non-current liabilities.

3	Fair value is derived from changes in market value of obligations denominated in foreign currency based on an internal valuation model.

The following tables present additional information about assets and liabilities measured at fair value on a recurring basis and for which we utilize Level 3 inputs to determine fair value.


	Three months ended March 31, 2011			Three months ended March 31, 2010
	Liabilities			Assets		Liabilities
	Mandatorily redeemable noncontrolling interests			Foreign currency derivatives		Mandatorily redeemable noncontrolling interests
Balance at beginning of period	$	52.0		$	0.6	$	47.8
Level 3 additions		7.4			0.0		15.8
Level 3 reductions		(1.5	)		0.0		0.0
Realized gains included in net loss		0.1			0.0		0.1
Foreign currency translation		0.1			0.0		0.0

Balance at end of period	$	57.9		$	0.6	$	63.5

Level 3 additions relate to unconditional obligations to purchase additional equity interests in previous acquisitions for cash in future periods. Level 3 reductions relate to cash payments made for unconditional obligations to purchase additional equity interests in previous acquisitions. Realized gains included in net loss for mandatorily redeemable noncontrolling interests are reported as a component of interest expense in the unaudited Consolidated Statements of Operations.

- Definition

This element represents the disclosure related to the fair value measurement of assets and liabilities which includes [financial] instruments measured at fair value that are classified in stockholders' equity. Such assets and liabilities may be measured on a recurring or nonrecurring basis. The disclosures which may be required or desired include: (1) for assets and liabilities measured on a recurring basis, disclosure may include: (a) the fair value measurements at the reporting date; (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); (c) for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (ii) purchases, sales, issuances, and settlements (net); (iii) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs); (d) the amount of the total gains or losses for the period in subparagraph (c) (i) above included in earnings (or changes in net assets) that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of income (or activities); (e) the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period and (2) for assets and liabilities that are measured at fair value on a nonrecurring basis (for example, impaired assets) disclosure may include, in addition to (a) above: (a) the reasons for the fair value measurements recorded; (b) the same as (b) above; (c) for fair value measurements using significant unobservable inputs (Level 3), a description of the inputs and the information used to develop the inputs; and (d) the valuation technique(s) used to measure fair value and a discussion of changes, if any, in the valuation technique(s) used to measure similar assets and/or liabilities in prior periods.

+ References+ Details

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2011
Commitments and Contingencies
Commitments and Contingencies	Note 10: Commitments and Contingencies *Legal Matters* We are involved in legal proceedings, and subject to investigations, inspections, audits, inquiries and similar actions by governmental authorities, arising in the normal course of our business. While any litigation or such governmental proceeding contains an element of uncertainty, we do not believe that the outcome of such proceedings will have a material adverse effect on our financial condition, results of operations or cash flows. *Guarantees* As discussed in our 2010 Annual Report on Form 10-K, we have guarantees of certain obligations of our subsidiaries relating principally to credit facilities, certain media payables and operating leases of certain subsidiaries. The amount of parent company guarantees on lease obligations was $364.0 and $376.8 as of March 31, 2011 and December 31, 2010, respectively, and the amount of parent company guarantees primarily relating to credit facilities was $332.0 and $395.0 as of March 31, 2011 and December 31, 2010, respectively.

Recent Accounting Standards	3 Months Ended
Recent Accounting Standards	Mar. 31, 2011
Recent Accounting Standards
Recent Accounting Standards	Note 11: Recent Accounting Standards *Goodwill* In December 2010, the Financial Accounting Standards Board ("FASB") issued amended guidance for performing goodwill impairment tests, which was effective for us January 1, 2011. The amended guidance requires reporting units with zero or negative carrying amounts to be assessed to determine if it is more likely than not that goodwill impairment exists. As part of this assessment, entities should consider all qualitative factors that could impact the carrying value. The adoption of this amended guidance did not have a significant impact on our unaudited Consolidated Financial Statements. *Revenue Recognition – Milestone Method* In March 2010, the Emerging Issues Task Force ("EITF") reached a consensus related to guidance when applying the milestone method of revenue recognition. The consensus was issued by the FASB as an update to authoritative guidance for revenue recognition and was effective for us January 1, 2011. The amended guidance provides criteria for identifying those deliverables in an arrangement that meet the definition of a milestone. In addition, the amended guidance includes enhanced quantitative and qualitative disclosures about the arrangements when an entity recognizes revenue using the milestone method. The adoption of this amended guidance did not have a significant impact on our unaudited Consolidated Financial Statements. *Fair Value Measurements* In January 2010, the FASB issued amended guidance to enhance disclosure requirements related to fair value measurements. The amended guidance for Level 1 and Level 2 fair value measurements was effective for us January 1, 2010. The amended guidance for Level 3 fair value measurements was effective for us January 1, 2011. The guidance requires disclosures of amounts and reasons for transfers in and out of Level 1 and Level 2 recurring fair value measurements as well as additional information related to activities in the reconciliation of Level 3 fair value measurements. The guidance expanded the disclosures related to the level of disaggregation of assets and liabilities and information about inputs and valuation techniques. The adoption of this amended guidance did not have a significant impact on our unaudited Consolidated Financial Statements. *Revenue Recognition – Multiple Deliverables* In September 2009, the EITF reached a consensus related to revenue arrangements with multiple deliverables. The consensus was issued by the FASB as an update to authoritative guidance for revenue recognition and was effective for us January 1, 2011. The updated guidance revises how the estimated selling price of each deliverable in a multiple element arrangement is determined when the deliverables do not have stand-alone value. In addition, the guidance requires additional disclosures about the methods and assumptions used to evaluate multiple element arrangements and to identify the significant deliverables within those arrangements. The amended guidance did not have a significant impact on our unaudited Consolidated Financial Statements.