The Company’s equity as of December 31, 2013 and March 31, 2014, and changes during the three months ended March 31, 2014, were as follows:


	RR Donnelley Shareholders’ Equity			Noncontrolling Interest				Total Equity
Balance at December 31, 2013	$	631.8			$	21.9			$	653.7
Net loss		(29.0	)			(4.2	)			(33.2	)
Other comprehensive income (loss)		(8.0	)			(0.1	)			(8.1	)
Share-based compensation		3.8				—				3.8
Issuances of common stock		300.7				—				300.7
Issuances of treasury stock		18.3				—				18.3
Issuance of share-based awards, net of withholdings and other		(4.4	)			—				(4.4	)
Cash dividends paid		(47.3	)			—				(47.3	)
Noncontrolling interests in acquired business		—				2.7				2.7
Distributions to noncontrolling interests		—				(0.7	)			(0.7	)
Balance at March 31, 2014	$	865.9			$	19.6			$	885.5

During the three months ended March 31, 2014, the Company issued stock in conjunction with the Consolidated Graphics and Esselte acquisitions with closing date values of $300.7 million and $18.3 million, respectively.

The Company’s equity as of December 31, 2012 and March 31, 2013, and changes during the three months ended March 31, 2013, were as follows:


	RR Donnelley Shareholders’ Equity			Noncontrolling Interest			Total Equity
Balance at December 31, 2012	$	52.8		$	15.9		$	68.7
Net earnings (loss)		27.1			(1.8	)		25.3
Other comprehensive income		6.3			—			6.3
Share-based compensation		4.0			—			4.0
Issuance of share-based awards, net of withholdings and other		(6.2	)		—			(6.2	)
Cash dividends paid		(46.9	)		—			(46.9	)
Distributions to noncontrolling interests		—			(0.8	)		(0.8	)
Balance at March 31, 2013	$	37.1		$	13.3		$	50.4