XML 30 R33.htm IDEA: XBRL DOCUMENT v2.4.1.9
Restructuring, Impairment and Other Charges (Tables)
12 Months Ended
Dec. 31, 2014
Restructuring And Related Activities [Abstract]  
Schedule of Net Restructuring, Impairment and Other Charges

Restructuring, Impairment and Other Charges Recognized in Results of Operations

 

2014

Employee

Terminations

 

 

Other

Restructuring

Charges

 

 

Total

Restructuring

Charges

 

 

Impairment

 

 

Other

Charges

 

 

Total

 

Publishing and Retail Services

$

(0.2

)

 

$

6.4

 

 

$

6.2

 

 

$

20.8

 

 

$

23.7

 

 

$

50.7

 

Variable Print

 

17.2

 

 

 

9.2

 

 

 

26.4

 

 

 

10.8

 

 

 

7.6

 

 

 

44.8

 

Strategic Services

 

3.5

 

 

 

2.1

 

 

 

5.6

 

 

 

1.8

 

 

 

4.2

 

 

 

11.6

 

International

 

7.3

 

 

 

1.3

 

 

 

8.6

 

 

 

13.7

 

 

 

 

 

 

22.3

 

Corporate

 

2.5

 

 

 

1.8

 

 

 

4.3

 

 

 

 

 

 

 

 

 

4.3

 

Total

$

30.3

 

 

$

20.8

 

 

$

51.1

 

 

$

47.1

 

 

$

35.5

 

 

$

133.7

 

 

 

2013

Employee

Terminations

 

 

Other

Restructuring

Charges

 

 

Total

Restructuring

Charges

 

 

Impairment

 

 

Other

Charges

 

 

Total

 

Publishing and Retail Services

$

17.0

 

 

$

14.1

 

 

$

31.1

 

 

$

12.3

 

 

$

30.3

 

 

$

73.7

 

Variable Print

 

2.2

 

 

 

12.5

 

 

 

14.7

 

 

 

0.9

 

 

 

 

 

 

15.6

 

Strategic Services

 

2.8

 

 

 

2.0

 

 

 

4.8

 

 

 

6.3

 

 

 

8.1

 

 

 

19.2

 

International

 

14.3

 

 

 

3.6

 

 

 

17.9

 

 

 

1.0

 

 

 

 

 

 

18.9

 

Corporate

 

4.1

 

 

 

1.6

 

 

 

5.7

 

 

 

0.4

 

 

 

 

 

 

6.1

 

Total

$

40.4

 

 

$

33.8

 

 

$

74.2

 

 

$

20.9

 

 

$

38.4

 

 

$

133.5

 

 

 

2012

Employee

Terminations

 

 

Other

Restructuring

Charges

 

 

Total

Restructuring

Charges

 

 

Impairment

 

 

Other

Charges

 

 

Total

 

Publishing and Retail Services

$

13.3

 

 

$

5.2

 

 

$

18.5

 

 

$

827.7

 

 

$

 

 

$

846.2

 

Variable Print

 

14.2

 

 

 

5.6

 

 

 

19.8

 

 

 

9.8

 

 

 

 

 

 

29.6

 

Strategic Services

 

7.7

 

 

 

6.0

 

 

 

13.7

 

 

 

132.9

 

 

 

 

 

 

146.6

 

International

 

11.0

 

 

 

4.0

 

 

 

15.0

 

 

 

50.7

 

 

 

 

 

 

65.7

 

Corporate

 

20.4

 

 

 

4.5

 

 

 

24.9

 

 

 

5.5

 

 

 

 

 

 

30.4

 

Total

$

66.6

 

 

$

25.3

 

 

$

91.9

 

 

$

1,026.6

 

 

$

 

 

$

1,118.5

 

 

 

Schedule of Changes in the Restructuring Reserve

The restructuring reserve as of December 31, 2014 and 2013, and changes during the year ended December 31, 2014, were as follows:

 

 

December 31,

2013

 

 

Restructuring

Charges

 

 

Foreign

Exchange and

Other

 

 

Cash

Paid

 

 

December 31,

2014

 

Employee terminations

$

19.7

 

 

$

30.3

 

 

$

0.4

 

 

$

(37.4

)

 

$

13.0

 

Multi-employer pension plan withdrawal obligations

 

36.8

 

 

 

3.0

 

 

 

(0.6

)

 

 

(4.6

)

 

 

34.6

 

Lease terminations and other

 

21.1

 

 

 

17.8

 

 

 

1.3

 

 

 

(25.1

)

 

 

15.1

 

Total

$

77.6

 

 

$

51.1

 

 

$

1.1

 

 

$

(67.1

)

 

$

62.7

 

 

The restructuring reserve as of December 31, 2013 and 2012, and changes during the year ended December 31, 2013, were as follows:

 

 

December 31,

2012

 

 

Restructuring

Charges

 

 

Foreign

Exchange and

Other

 

 

Cash

Paid

 

 

December 31,

2013

 

Employee terminations

$

23.4

 

 

$

40.4

 

 

$

(2.1

)

 

$

(42.0

)

 

$

19.7

 

Multi-employer pension plan withdrawal obligations

 

25.1

 

 

 

14.7

 

 

 

 

 

 

(3.0

)

 

 

36.8

 

Lease terminations and other

 

30.0

 

 

 

19.1

 

 

 

1.1

 

 

 

(29.1

)

 

 

21.1

 

Total

$

78.5

 

 

$

74.2

 

 

$

(1.0

)

 

$

(74.1

)

 

$

77.6