Guarantor Financial Information - (Tables)

9 Months Ended

Sep. 30, 2018

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Guarantor Financial Information Condensed Consolidating Statements of Operations

Condensed Consolidating Statements of Operations

For the Three Months Ended September 30, 2018

	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated

Services net sales	$	—		$	115.6		$	24.9		$	(2.0	)	$	138.5
Products net sales		—			72.3			7.0			(0.9	)		78.4
Total net sales		—			187.9			31.9			(2.9	)		216.9
Services cost of sales (exclusive of depreciation and amortization)		—			60.4			16.9			(1.8	)		75.5
Products cost of sales (exclusive of depreciation and amortization)		—			54.3			4.6			(1.1	)		57.8
Total cost of sales		—			114.7			21.5			(2.9	)		133.3
Selling, general and administrative expenses (exclusive of depreciation and amortization)		—			53.2			9.4			—			62.6
Restructuring, impairment and other charges-net		—			0.7			0.1			—			0.8
Depreciation and amortization		—			10.4			1.2			—			11.6
Other operating (income) expense		—			(26.6	)		(26.9	)		—			(53.5	)
Income from operations		—			35.5			26.6			—			62.1
Interest expense (income)-net		8.6			—			(0.2	)		—			8.4
Intercompany interest (income) expense - net		(6.1	)		6.1			—			—			—
Investment and other income-net		—			(12.6	)		(1.4	)		—			(14.0	)
Earnings (loss) before income taxes and equity in net income of subsidiaries		(2.5	)		42.0			28.2			—			67.7
Income tax (benefit) expense		(0.8	)		13.2			7.3			—			19.7
Earnings (loss) before equity in net income of subsidiaries		(1.7	)		28.8			20.9			—			48.0
Equity in net income of subsidiaries		49.7			20.9			—			(70.6	)		—
Net earnings	$	48.0		$	49.7		$	20.9		$	(70.6	)	$	48.0
Comprehensive income (loss)	$	48.8		$	50.5		$	21.5		$	(72.0	)	$	48.8

Condensed Consolidating Statements of Operations

For the Nine Months Ended September 30, 2018

	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated

Services net sales	$	—		$	397.7		$	94.1		$	(5.9	)	$	485.9
Products net sales		—			251.0			29.0			(3.2	)		276.8
Total net sales		—			648.7			123.1			(9.1	)		762.7
Services cost of sales (exclusive of depreciation and amortization)		—			196.9			61.6			(5.1	)		253.4
Products cost of sales (exclusive of depreciation and amortization)		—			187.2			20.9			(4.0	)		204.1
Total cost of sales		—			384.1			82.5			(9.1	)		457.5
Selling, general and administrative expenses (exclusive of depreciation and amortization)		—			172.9			30.9			—			203.8
Restructuring, impairment and other charges-net		—			2.2			1.9			—			4.1
Depreciation and amortization		—			29.1			4.0			—			33.1
Other operating (income) expense		—			(26.6	)		(26.9	)		—			(53.5	)
Income from operations		—			87.0			30.7			—			117.7
Interest expense (income)-net		27.9			(0.3	)		(0.4	)		—			27.2
Intercompany interest (income) expense - net		(19.4	)		19.4			—			—			—
Investment and other income-net		—			(14.2	)		(1.4	)		—			(15.6	)
Earnings (loss) before income taxes and equity in net income of subsidiaries		(8.5	)		82.1			32.5			—			106.1
Income tax (benefit) expense		(2.6	)		25.5			8.6			—			31.5
Earnings (loss) before equity in net income of subsidiaries		(5.9	)		56.6			23.9			—			74.6
Equity in net income of subsidiaries		80.5			23.9			—			(104.4	)		—
Net earnings (loss)	$	74.6		$	80.5		$	23.9		$	(104.4	)	$	74.6
Comprehensive income (loss)	$	73.7		$	79.6		$	21.7		$	(101.3	)	$	73.7

Condensed Consolidating Statements of Operations

For the Three Months Ended September 30, 2017

	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated

Services net sales	$	—		$	112.3		$	30.1		$	(2.1	)	$	140.3
Products net sales		—			76.6			7.0			(1.3	)		82.3
Total net sales		—			188.9			37.1			(3.4	)		222.6
Services cost of sales (exclusive of depreciation and amortization)		—			63.6			20.1			(2.0	)		81.7
Products cost of sales (exclusive of depreciation and amortization)		—			56.0			4.3			(1.4	)		58.9
Total cost of sales		—			119.6			24.4			(3.4	)		140.6
Selling, general and administrative expenses (exclusive of depreciation and amortization)		—			45.0			9.8			—			54.8
Restructuring, impairment and other charges-net		—			(0.7	)		0.1			—			(0.6	)
Depreciation and amortization		—			9.2			1.4			—			10.6
Income from operations		—			15.8			1.4			—			17.2
Interest expense-net		10.2			0.4			—			—			10.6
Investment and other income-net		—			(0.8	)		—			—			(0.8	)
Earnings (loss) before income taxes and equity in net income of subsidiaries		(10.2	)		16.2			1.4			—			7.4
Income tax (benefit) expense		(5.1	)		8.4			(1.2	)		—			2.1
Earnings (loss) before equity in net income of subsidiaries		(5.1	)		7.8			2.6			—			5.3
Equity in net income of subsidiaries		10.4			2.6			—			(13.0	)		—
Net earnings (loss)	$	5.3		$	10.4		$	2.6		$	(13.0	)	$	5.3
Comprehensive income (loss)	$	7.8		$	12.9		$	4.8		$	(17.7	)	$	7.8

*Beginning in the quarter ended June 30, 2017, LSC no longer qualified as a related party, therefore the amounts disclosed related to LSC are presented through March 31, 2017 only. Beginning in the quarter ended September 30, 2017, RRD no longer qualified as a related party, therefore the amounts disclosed related to RRD are presented through June 30, 2017 only.

Condensed Consolidating Statements of Operations

For the Nine Months Ended September 30, 2017

	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries		Eliminations			Consolidated

Services net sales	$	—		$	386.7		$	91.2	$	(6.5	)	$	471.4
Products net sales		—			279.1			33.6		(4.0	)		308.7
Total net sales		—			665.8			124.8		(10.5	)		780.1
Services cost of sales (exclusive of depreciation and amortization)		—			186.9			59.2		(5.9	)		240.2
Services cost of sales with R.R. Donnelley affiliates (exclusive of depreciation and amortization)*		—			18.4			1.1		—			19.5
Products cost of sales (exclusive of depreciation and amortization)		—			174.6			20.7		(4.6	)		190.7
Products cost of sales with R.R. Donnelley affiliates (exclusive of depreciation and amortization)*		—			30.1			2.2		—			32.3
Total cost of sales		—			410.0			83.2		(10.5	)		482.7
Selling, general and administrative expenses (exclusive of depreciation and amortization)		—			145.1			28.6		—			173.7
Restructuring, impairment and other charges-net		—			5.1			1.3		—			6.4
Depreciation and amortization		—			27.5			4.2		—			31.7
Income from operations		—			78.1			7.5		—			85.6
Interest expense-net		32.7			—			—		—			32.7
Investment and other income-net		—			(2.5	)		—		—			(2.5	)
Earnings (loss) before income taxes and equity in net income of subsidiaries		(32.7	)		80.6			7.5		—			55.4
Income tax (benefit) expense		(14.4	)		35.0			1.4		—			22.0
Earnings (loss) before equity in net income of subsidiaries		(18.3	)		45.6			6.1		—			33.4
Equity in net income of subsidiaries		51.7			6.1			—		(57.8	)		—
Net earnings (loss)	$	33.4		$	51.7		$	6.1	$	(57.8	)	$	33.4
Comprehensive income (loss)	$	39.0		$	57.3		$	10.7	$	(68.0	)	$	39.0

Guarantor Financial Information Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

As of September 30, 2018

	Parent		Guarantor Subsidiaries		Non-guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	20.5	$	5.6	$	30.1	$	—		$	56.2
Receivables, less allowances		—		183.5		38.0		—			221.5
Intercompany receivables		—		116.1		—		(116.1	)		—
Intercompany short-term note receivable-net		—		—		45.0		(45.0	)		—
Inventories		—		10.9		2.9		—			13.8
Prepaid expenses and other current assets		—		14.1		2.3		—			16.4
Total current assets		20.5		330.2		118.3		(161.1	)		307.9
Property, plant and equipment-net		—		28.7		3.0		—			31.7
Goodwill		—		425.7		11.8		—			437.5
Other intangible assets-net		—		24.0		5.3		—			29.3
Software-net		—		46.4		—		—			46.4
Deferred income taxes		—		34.6		2.8		(23.4	)		14.0
Intercompany long-term note receivable		326.0		—		—		(326.0	)		—
Other noncurrent assets		2.7		37.8		6.1		—			46.6
Investments in consolidated subsidiaries		456.2		109.0		—		(565.2	)		—
Total assets	$	805.4	$	1,036.4	$	147.3	$	(1,075.7	)	$	913.4
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	$	—	$	53.1	$	14.4	$	—		$	67.5
Intercompany payables		111.1		—		5.0		(116.1	)		—
Intercompany short-term note payable-net		45.0		—		—		(45.0	)		—
Accrued liabilities		18.1		103.3		15.9		—			137.3
Total current liabilities		174.2		156.4		35.3		(161.1	)		204.8
Long-term debt		397.2		—		—		—			397.2
Intercompany long-term note payable		—		326.0		—		(326.0	)		—
Deferred compensation liabilities		—		21.7		—		—			21.7
Pension and other postretirement benefits plan liabilities		—		46.6		1.1		—			47.7
Other noncurrent liabilities		2.3		29.5		1.9		(23.4	)		10.3
Total liabilities		573.7		580.2		38.3		(510.5	)		681.7
Total equity		231.7		456.2		109.0		(565.2	)		231.7
Total liabilities and equity	$	805.4	$	1,036.4	$	147.3	$	(1,075.7	)	$	913.4

Condensed Consolidating Balance Sheet

As of December 31, 2017

	Parent		Guarantor Subsidiaries		Non-guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	8.3	$	27.9	$	15.8	$	—		$	52.0
Receivables, less allowances		—		131.3		33.9		—			165.2
Intercompany receivables		—		146.4		—		(146.4	)		—
Intercompany short-term note receivable-net		—		—		30.0		(30.0	)		—
Inventories		—		21.3		2.0		—			23.3
Prepaid expenses and other current assets		37.1		14.8		2.8		(25.1	)		29.6
Total current assets		45.4		341.7		84.5		(201.5	)		270.1
Property, plant and equipment-net		—		31.2		3.5		—			34.7
Goodwill		—		429.2		18.2		—			447.4
Other intangible assets-net		—		32.4		7.5		—			39.9
Software-net		—		40.6		0.5		—			41.1
Deferred income taxes		—		40.5		3.4		(21.7	)		22.2
Other noncurrent assets		3.4		30.0		4.7		—			38.1
Investments in consolidated subsidiaries		728.4		85.2		—		(813.6	)		—
Total assets	$	777.2	$	1,030.8	$	122.3	$	(1,036.8	)	$	893.5
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	$	—	$	57.9	$	9.9	$	—		$	67.8
Intercompany payable		139.5		—		6.9		(146.4	)		—
Intercompany short-term note payable-net		30.0		—		—		(30.0	)		—
Accrued liabilities		—		127.6		16.7		(25.1	)		119.2
Total current liabilities		169.5		185.5		33.5		(201.5	)		187.0
Long-term debt		458.3		—		—		—			458.3
Deferred compensation liabilities		—		22.8		—		—			22.8
Pension and other postretirement benefits plan liabilities		—		51.3		1.2		—			52.5
Other noncurrent liabilities		—		42.8		2.4		(21.7	)		23.5
Total liabilities		627.8		302.4		37.1		(223.2	)		744.1
Total equity		149.4		728.4		85.2		(813.6	)		149.4
Total liabilities and equity	$	777.2	$	1,030.8	$	122.3	$	(1,036.8	)	$	893.5

Guarantor Financial Information Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows

For the Nine Months Ended September 30, 2018

	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	59.3		$	(38.0	)	$	(10.9	)				$	10.4
INVESTING ACTIVITIES
Capital expenditures		—			(21.9	)		(0.9	)		—			(22.8	)
Sale of investment		—			3.1			—			—			3.1
Proceeds from disposition		—			34.5			42.6			—			77.1
Intercompany note receivable, net		—			—			(15.0	)		15.0			—
Net cash provided by (used in) investing activities		—			15.7			26.7			15.0			57.4
FINANCING ACTIVITIES
Revolving facility borrowings		255.0			—			—			—			255.0
Payments on revolving facility borrowings		(255.0	)		—			—			—			(255.0	)
Payments on long-term debt		(62.5	)		—			—			—			(62.5	)
Intercompany note payable, net		15.0			—			—			(15.0	)		—
Proceeds from the issuance of common stock		1.2			—			—			—			1.2
Treasury stock repurchases		(0.8	)		—			—			—			(0.8	)
Net cash used in financing activities		(47.1	)		—			—			(15.0	)		(62.1	)
Effect of exchange rate on cash and cash equivalents		—			—			(1.5	)		—			(1.5	)
Net increase (decrease) in cash and cash equivalents		12.2			(22.3	)		14.3			—			4.2
Cash and cash equivalents at beginning of year		8.3			27.9			15.8			—			52.0
Cash and cash equivalents at end of period	$	20.5		$	5.6		$	30.1		$	—		$	56.2

Supplemental non-cash disclosure:
Intercompany debt allocation	$	(326.0	)	$	326.0		$	—		$	—		$	—

Condensed Consolidating Statements of Cash Flows

For the Nine Months Ended September 30, 2017

	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
OPERATING ACTIVITIES
Net cash (used in) provided by operating activities	$	(4.3	)	$	21.8		$	13.8		$	2.4		$	33.7
INVESTING ACTIVITIES
Capital expenditures		—			(19.2	)		(0.8	)		—			(20.0	)
Purchase of investment		—			(3.4	)		—			—			(3.4	)
Intercompany note receivable		—			—			(19.7	)		19.7			—
Other investing activities		—			0.3			—			—			0.3
Net cash provided by (used in) investing activities		—			(22.3	)		(20.5	)		19.7			(23.1	)
FINANCING ACTIVITIES
Revolving facility borrowings		230.0			—			—			—			230.0
Payments on revolving facility borrowings		(230.0	)		—			—			—			(230.0	)
Payments on long-term debt		(100.0	)		—			—			—			(100.0	)
Debt issuance costs		(1.5	)		—			—			—			(1.5	)
Separation-related payment from R.R. Donnelley		68.0			—			—			—			68.0
Proceeds from the issuance of common stock		18.8			—			—			—			18.8
Treasury stock repurchases		(0.9	)		—			—			—			(0.9	)
Intercompany note payable		19.7			—			—			(19.7	)		—
Other financing activities		0.4			—			—			—			0.4
Net cash provided by (used in) financing activities		4.5			—			—			(19.7	)		(15.2	)
Effect of exchange rate on cash and cash equivalents		—			—			0.6			—			0.6
Net increase (decrease) in cash and cash equivalents		0.2			(0.5	)		(6.1	)		2.4			(4.0	)
Cash and cash equivalents at beginning of year		—			21.8			16.8			(2.4	)		36.2
Cash and cash equivalents at end of period	$	0.2		$	21.3		$	10.7		$	—		$	32.2