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Segment Information
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Information Segment Information

Quad is a worldwide marketing solutions partner dedicated to creating a better way for its clients through a data-driven, integrated marketing platform that helps reduce complexity, increase efficiency and enhance marketing spend effectiveness. The Company’s operating and reportable segments are aligned with how the chief operating decision maker of the Company currently manages the business. The Company’s operating and reportable segments, including their product and service offerings, and a “Corporate” category are as follows:

•United States Print and Related Services
•International
•Corporate

United States Print and Related Services

The United States Print and Related Services segment is predominantly comprised of the Company’s United States printing operations and is managed as one integrated platform. This includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products and global paper procurement, together with marketing and other complementary services, including consumer insights, audience targeting, personalization, media planning and placement, process optimization, campaign planning and creation, pre-media production, videography, photography, digital execution, print execution and logistics. This segment also includes the manufacture of ink.

International

The International segment consists of the Company’s printing operations in Europe and Latin America, including operations in England, France, Germany, Poland, Argentina, Colombia, Mexico and Peru, as well as investments in printing operations in Brazil and India. This segment provides printed products and marketing and other complementary services consistent with the United States Print and Related Services segment. As of December 31, 2019, the Company has no unrestricted subsidiaries as defined in the Company’s Senior Unsecured Notes indenture.

Corporate

Corporate consists of unallocated general and administrative activities and associated expenses including, in part, executive, legal and finance, as well as certain expenses and income from frozen employee retirement plans, such as pension benefit plans.

The following is a summary of segment information for the years ended December 31, 2019, 2018 and 2017:
 
 
 
 
 
 
 
 
 
 
 
Restructuring, Impairment and Transaction-Related Charges
 
Net Sales
 
Operating Income (Loss)
 
Depreciation and Amortization
 
Capital Expenditures
 
 
Products
 
Services
 
 
 
 
Year ended December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
United States Print and Related Services
$
2,713.3

 
$
807.7

 
$
130.1

 
$
188.1

 
$
104.6

 
$
24.6

International
385.0

 
17.4

 
8.6

 
20.1

 
6.4

 
10.0

Total operating segments
3,098.3

 
825.1

 
138.7

 
208.2

 
111.0

 
34.6

Corporate
—

 
—

 
(104.0
)
 
1.3

 
—

 
54.8

Total
$
3,098.3

 
$
825.1

 
$
34.7

 
$
209.5

 
$
111.0

 
$
89.4

 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
United States Print and Related Services
$
2,815.9

 
$
782.8

 
$
183.3

 
$
193.2

 
$
69.3

 
$
37.5

International
368.5

 
18.6

 
1.5

 
20.8

 
27.0

 
22.2

Total operating segments
3,184.4

 
801.4

 
184.8

 
214.0

 
96.3

 
59.7

Corporate
—

 
—

 
(97.5
)
 
0.9

 
—

 
43.6

Total
$
3,184.4

 
$
801.4

 
$
87.3

 
$
214.9

 
$
96.3

 
$
103.3

 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
United States Print and Related Services
$
2,976.7

 
$
583.2

 
$
211.8

 
$
196.8

 
$
73.3

 
$
53.1

International
372.1

 
19.2

 
19.6

 
21.0

 
12.6

 
3.3

Total operating segments
3,348.8

 
602.4

 
231.4

 
217.8

 
85.9

 
56.4

Corporate
—

 
—

 
(58.6
)
 
0.7

 
—

 
3.5

Total
$
3,348.8

 
$
602.4

 
$
172.8

 
$
218.5

 
$
85.9

 
$
59.9



Capital expenditures shown in the above table includes capital expenditures from discontinued operations for all periods presented. Restructuring, impairment and transaction-related charges for the years ended December 31, 2019, 2018 and 2017, are further described in Note 5, “Restructuring, Impairment and Transaction-Related Charges,” and are included in the operating income (loss) results by segment above.

A reconciliation of operating income from continuing operations to earnings (loss) from continuing operations before income taxes and equity in (earnings) loss of unconsolidated entity as reported in the consolidated statements of operations for the years ended December 31, 2019, 2018 and 2017, was as follows:
 
2019
 
2018
 
2017
Operating income from continuing operations
$
34.7

 
$
87.3

 
$
172.8

Less: interest expense
90.0

 
73.2

 
70.9

Less: net pension income
(6.0
)
 
(12.4
)
 
(9.6
)
Less: loss on debt extinguishment
30.5

 
—

 
2.6

Earnings (loss) from continuing operations before income taxes and equity in (earnings) loss of unconsolidated entity
$
(79.8
)
 
$
26.5

 
$
108.9



Total assets by segment at December 31, 2019, 2018 and 2017, are shown in the following table. Total assets from discontinued operations are included within the United States Print and Related Services segment for all periods presented:
 
2019
 
2018
 
2017
United States Print and Related Services
$
2,038.7

 
$
2,057.8

 
$
2,060.9

International
302.5

 
341.5

 
329.5

Total operating segments
2,341.2

 
2,399.3

 
2,390.4

Corporate
75.9

 
69.8

 
62.0

Total
$
2,417.1

 
$
2,469.1

 
$
2,452.4