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Segment Information
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segment Information
Segment Information

The Company operates primarily in the commercial print portion of the printing industry, with related product and service offerings designed to offer clients complete solutions for communicating their message to target audiences. The Company's operating and reportable segments are aligned with how the chief operating decision maker of the Company manages the business. The Company's reportable and operating segments and their product and service offerings are summarized below.

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, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products and global paper procurement, together with the complementary service offerings, including marketing strategy, media planning and placement, data insights, segmentation and response analytics services, creative services, videography, photography, workflow solutions, digital imaging, facilities management services, digital publishing, interactive print solutions including image recognition and near field communication technology, mailing, distribution, logistics, and data optimization and hygiene services. 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 strategic investments in printing operations in Brazil and India. This segment provides printed products and complementary service offerings consistent with the United States Print and Related Services segment. Unrestricted subsidiaries as defined in the Company's Senior Unsecured Notes indenture represent less than 2.0% of total consolidated assets as of March 31, 2016, and less than 2.0% of total consolidated net sales for the three months ended March 31, 2016.

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 three months ended March 31, 2016 and 2015:

 
Net Sales
 
Operating Income (Loss)
 
Restructuring, Impairment and Transaction-
Related Charges
 
Goodwill Impairment
 
Products
 
Services
 
 
 
Three months ended March 31, 2016
 
 
 
 
 
 
 
 
 
United States Print and Related Services
$
810.3

 
$
140.2

 
$
26.5

 
$
27.3

 
$
—

International
87.0

 
5.0

 
3.4

 
0.3

 
—

Total operating segments
897.3

 
145.2

 
29.9

 
27.6

 
—

Corporate
—

 
—

 
(16.9
)
 
1.3

 
—

Total
$
897.3

 
$
145.2

 
$
13.0

 
$
28.9

 
$
—

 
 
 
 
 
 
 
 
 
 
Three months ended March 31, 2015
 
 
 
 
 
 
 
 
 
United States Print and Related Services
$
839.2

 
$
152.2

 
$
17.7

 
$
14.6

 
$
—

International
91.1

 
5.5

 
(27.5
)
 
2.9

 
23.3

Total operating segments
930.3

 
157.7

 
(9.8
)
 
17.5

 
23.3

Corporate
—

 
—

 
(2.0
)
 
(7.4
)
 
—

Total
$
930.3

 
$
157.7

 
$
(11.8
)
 
$
10.1

 
$
23.3



Restructuring, impairment and transaction-related charges for the three months ended March 31, 2016 and 2015, are further described in Note 3, "Restructuring, Impairment and Transaction-Related Charges," and are included in the operating income (loss) results by segment above. Goodwill impairment for the three months ended March 31, 2015, is further described in Note 4, "Goodwill and Other Intangible Assets," and is included in the operating income (loss) results by segment above.

A reconciliation of operating income (loss) to earnings (loss) before income taxes and equity in loss of unconsolidated entities as reported in the condensed consolidated statements of operations for the three months ended March 31, 2016 and 2015, was as follows:

 
Three Months Ended March 31,
 
2016
 
2015
Operating income (loss)
$
13.0

 
$
(11.8
)
Less: interest expense
20.7

 
22.5

Less: gain on debt extinguishment
(14.1
)
 
—

Earnings (loss) before income taxes and equity in loss of unconsolidated entities
$
6.4

 
$
(34.3
)