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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net sales      
Net sales $ 3,923.4 $ 3,985.8 $ 3,951.2
Cost of sales      
Cost of sales 3,192.2 3,221.4 3,091.3
Operating expenses      
Selling, general and administrative expenses 397.6 358.9 408.7
Depreciation and amortization 209.5 214.9 218.5
Restructuring, impairment and transaction-related charges 89.4 103.3 59.9
Total operating expenses 3,888.7 3,898.5 3,778.4
Operating income from continuing operations 34.7 87.3 172.8
Interest expense 90.0 73.2 70.9
Net pension income (6.0) (12.4) (9.6)
Loss on debt extinguishment 30.5 0.0 2.6
Earnings (loss) from continuing operations before income taxes and equity in (earnings) loss of unconsolidated entity (79.8) 26.5 108.9
Income tax benefit (24.4) (2.4) (9.2)
Earnings (loss) from continuing operations before equity in (earnings) loss of unconsolidated entity (55.4) 28.9 118.1
Equity in (earnings) loss of unconsolidated entity 0.3 (1.0) 0.0
Net earnings (loss) from continuing operations (55.7) 29.9 118.1
Loss from discontinued operations, net of tax (100.6) (22.0) (10.9)
Net earnings (loss) (156.3) 7.9 107.2
Less: net loss attributable to noncontrolling interests 0.0 (0.6) 0.0
Net earnings (loss) attributable to Quad common shareholders $ (156.3) $ 8.5 $ 107.2
Earnings (loss) per share attributable to Quad common shareholders      
Basic (in dollars per share) $ (3.12) $ 0.17 $ 2.16
Basic, continuing operations (in dollars per share) (1.11) 0.61 2.38
Basic, discontinued operations (in dollars per share) (2.01) (0.44) (0.22)
Diluted (in dollars per share) (3.12) 0.16 2.07
Diluted, continuing operations (in dollars per share) (1.11) 0.59 2.28
Diluted, discontinued operations (in dollars per share) $ (2.01) $ (0.43) $ (0.21)
Weighted average number of common shares outstanding      
Basic (in shares) 50.0 49.8 49.6
Diluted (in shares) 50.0 51.6 51.8
Product      
Net sales      
Net sales $ 3,098.3 $ 3,184.4 $ 3,348.8
Cost of sales      
Cost of sales 2,615.6 2,621.1 2,659.2
Service      
Net sales      
Net sales 825.1 801.4 602.4
Cost of sales      
Cost of sales $ 576.6 $ 600.3 $ 432.1