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Restructuring and Impairment Charges (Tables)
9 Months Ended
Sep. 30, 2013
Net Restructuring and Impairment Charges

For the three months ended September 30, 2013 and 2012, the Company recorded the following net restructuring, impairment and other charges: 

 

 

  

Three Months Ended

September 30, 2013 

Employee
Terminations

 

  

Other Restructuring
Charges

 

  

Total Restructuring Charges

 

 

Impairment

 

  

Other

Charges

 

 

Total

 

U.S. Print and Related Services             

$

  13.9

 

 

$

  6.6

 

 

$

  20.5

 

 

$

  7.6

 

  

$

  4.7

 

 

$

  32.8

 

International             

 

  4.0

 

 

 

  0.6

 

 

 

  4.6

 

 

 

  0.3

 

  

 

 

 

 

  4.9

 

Corporate             

 

 

 

 

  0.4

 

 

 

  0.4

 

 

 

 

  

 

 

 

 

  0.4

 

Total             

$

  17.9

 

 

$

  7.6

 

 

$

  25.5

 

 

$

  7.9

 

  

$

  4.7

 

 

$

  38.1

 

 

  

Three Months Ended

September 30, 2012

Employee
Terminations

 

  

Other Restructuring
Charges

 

  

Total Restructuring Charges

 

 

Impairment

 

  

Other

Charges

 

 

Total

 

U.S. Print and Related Services             

$

  5.1

 

 

$

  2.7

 

 

$

  7.8

 

 

$

  1.6

 

  

$

-

 

 

$

  9.4

 

International             

 

  2.3

 

 

 

  2.1

 

 

 

  4.4

 

 

 

-

 

  

 

-

 

 

 

  4.4

 

Corporate             

 

  0.1

 

 

 

-

 

 

 

  0.1

 

 

 

-

 

  

 

-

 

 

 

  0.1

 

Total             

$

  7.5

 

 

$

  4.8

 

 

$

  12.3

 

 

$

  1.6

 

  

$

-

 

 

$

  13.9

 

 

For the nine months ended September 30, 2013 and 2012, the Company recorded the following net restructuring, impairment and other charges:

 

 

 

Nine Months Ended

September 30, 2013 

Employee
Terminations

 

 

Other Restructuring
Charges

 

 

Total Restructuring Charges

 

 

Impairment

 

 

Other
Charges

 

  

Total

 

U.S. Print and Related Services             

$

  23.4

 

 

$

  23.1

 

 

$

  46.5

 

 

$

  14.3

 

 

$

  4.7

 

 

$

  65.5

 

International             

 

  9.8

 

 

 

  1.9

 

 

 

  11.7

 

 

 

  1.0

 

 

 

 

 

 

  12.7

 

Corporate             

 

  0.8

 

 

 

  1.2

 

 

 

  2.0

 

 

 

  0.4

 

 

 

 

 

 

  2.4

 

Total             

$

  34.0

 

 

$

  26.2

 

 

$

  60.2

 

 

$

  15.7

 

 

$

  4.7

 

 

$

  80.6

 

 

 

 

Nine Months Ended

September 30, 2012 

Employee
Terminations

 

 

Other Restructuring
Charges

 

 

Total Restructuring Charges

 

 

Impairment

 

 

Other
Charges

 

  

Total

 

U.S. Print and Related Services             

$

  44.0

 

 

$

  14.6

 

 

$

  58.6

 

 

$

  16.6

 

 

$

-

 

 

$

  75.2

 

International             

 

  9.1

 

 

 

  3.2

 

 

 

  12.3

 

 

 

  1.0

 

 

 

-

 

 

 

  13.3

 

Corporate             

 

  5.0

 

 

 

  2.8

 

 

 

  7.8

 

 

 

  1.6

 

 

 

-

 

 

 

  9.4

 

Total             

$

  58.1

 

 

$

  20.6

 

 

$

  78.7

 

 

$

  19.2

 

 

$

-

 

 

$

  97.9

 

 

Restructuring Reserve

The restructuring reserve as of December 31, 2012 and September 30, 2013, and changes during the nine months ended September 30, 2013, were as follows:

 

 

December 31,
2012

 

  

Restructuring
Charges

 

  

Foreign
Exchange and
Other

 

  

Cash
Paid

 

 

September 30,
2013

 

Employee terminations             

$

  23.4

 

  

$

  34.0

 

  

$

(0.4

)

  

$

(28.8

)

 

$

  28.2

 

Multi-employer pension plan withdrawal obligations             

 

  25.1

 

  

 

  14.5

 

  

 

 

  

 

(1.9

)

 

 

  37.7

 

Lease terminations and other             

 

  30.0

 

  

 

  11.7

 

  

 

  0.6

 

  

 

(19.8

)

 

 

  22.5

 

Total             

$

  78.5

 

  

$

  60.2

 

  

$

  0.2

 

  

$

(50.5

)

 

$

  88.4