Equity

6 Months Ended

Jun. 30, 2014

Equity

9. Equity

The Company’s equity as of December 31, 2013 and June 30, 2014, and changes during the six months ended June 30, 2014, were as follows:

	RR Donnelley
	Shareholders'			Noncontrolling
	Equity			Interest			Total Equity
Balance at December 31, 2013	$	631.8		$	21.9		$	653.7
Net earnings (loss)		35.7			(3.3	)		32.4
Other comprehensive income (loss)		2.3			(0.2	)		2.1
Share-based compensation		9.9			—			9.9
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		(5.1	)		—			(5.1	)
Cash dividends paid		(99.2	)		—			(99.2	)
Noncontrolling interests in acquired business		—			2.7			2.7
Distributions to noncontrolling interests		—			(0.7	)		(0.7	)
Balance at June 30, 2014	$	894.4		$	20.4		$	914.8

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 June 30, 2013, and changes during the six months ended June 30, 2013, were as follows:

	RR Donnelley
	Shareholders'			Noncontrolling
	Equity			Interest			Total Equity
Balance at December 31, 2012	$	52.8		$	15.9		$	68.7
Net earnings (loss)		92.5			(0.7	)		91.8
Other comprehensive income (loss)		(14.8	)		0.1			(14.7	)
Share-based compensation		11.1			—			11.1
Issuance of share-based awards, net of withholdings and other		(6.7	)		—			(6.7	)
Cash dividends paid		(94.0	)		—			(94.0	)
Distributions to noncontrolling interests		—			(1.1	)		(1.1	)
Balance at June 30, 2013	$	40.9		$	14.2		$	55.1