Segment Information

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Information

11. Segment Information

The Company’s segments and their product and service offerings are summarized below:

Publishing and Retail Services

The Publishing and Retail Services segment’s primary product offerings include magazines, catalogs, retail inserts, books, directories and packaging.

Variable Print

The Variable Print segment includes the Company’s U.S. short-run and transactional printing operations. This segment’s primary product offerings include commercial and digital print, office products, direct mail, labels, statement printing, forms and packaging.

Strategic Services

The Strategic Services segment includes the Company’s logistics services, financial print products and related services, print management offerings, digital and creative solutions and publishing services.

International

The International segment includes the Company’s non-U.S. printing operations in Asia, Europe, Latin America and Canada. This segment’s primary product and service offerings include magazines, catalogs, retail inserts, books, directories, direct mail, packaging, forms, labels, manuals, statement printing, commercial and digital print, logistics services and digital and creative solutions. Additionally, this segment includes the Company’s business process outsourcing and Global Turnkey Solutions operations. Business process outsourcing provides transactional print and outsourcing services, statement printing, direct mail and print management offerings through its operations in Europe, Asia and North America. Global Turnkey Solutions provides outsourcing capabilities, including product configuration, customized kitting and order fulfillment for technology, medical device and other companies around the world through its operations in Europe, North America and Asia.

Corporate

Corporate consists of unallocated selling, general and administrative activities and associated expenses including, in part, executive, legal, finance, communications, certain facility costs and LIFO inventory provisions. In addition, certain costs and earnings of employee benefit plans, such as pension and other postretirement benefits plan expense (income) and share-based compensation, are included in Corporate and not allocated to the operating segments. Corporate also manages the Company’s cash pooling structures, which enables participating international locations to draw on the Company’s overseas cash resources to meet local liquidity needs.

Information by Segment

The Company has disclosed income (loss) from operations as the primary measure of segment earnings (loss). This is the measure of profitability used by the Company’s chief operating decision-maker and is most consistent with the presentation of profitability reported within the Condensed Consolidated Financial Statements.

								Income(Loss)			Depreciation
	Total		Intersegment			Net		from			and		Capital
	Sales		Sales			Sales		Operations			Amortization		Expenditures
Three Months Ended September 30, 2015
Publishing and Retail Services	$	694.8	$	(9.9	)	$	684.9	$	33.4		$	40.1	$	5.9
Variable Print		949.4		(13.5	)		935.9		58.0			38.0		18.7
Strategic Services		685.6		(50.0	)		635.6		51.5			15.8		4.8
International		599.0		(27.4	)		571.6		(8.4	)		20.5		16.7
Total operating segments		2,928.8		(100.8	)		2,828.0		134.5			114.4		46.1
Corporate		—		—			—		(11.2	)		0.9		5.6
Total operations	$	2,928.8	$	(100.8	)	$	2,828.0	$	123.3		$	115.3	$	51.7

								Income(Loss)			Depreciation
	Total		Intersegment			Net		from			and		Capital
	Sales		Sales			Sales		Operations			Amortization		Expenditures
Three Months Ended September 30, 2014
Publishing and Retail Services	$	685.3	$	(4.3	)	$	681.0	$	34.1		$	35.8	$	9.8
Variable Print		1,003.8		(15.7	)		988.1		68.8			40.8		15.2
Strategic Services		665.1		(34.4	)		630.7		56.5			16.1		10.5
International		684.3		(26.3	)		658.0		24.7			25.2		19.9
Total operating segments		3,038.5		(80.7	)		2,957.8		184.1			117.9		55.4
Corporate		—		—			—		(10.4	)		1.7		2.8
Total operations	$	3,038.5	$	(80.7	)	$	2,957.8	$	173.7		$	119.6	$	58.2

								Income(Loss)					Depreciation
	Total		Intersegment			Net		from			Assets of		and		Capital
	Sales		Sales			Sales		Operations			Operations		Amortization		Expenditures
Nine Months Ended September 30, 2015
Publishing and Retail Services	$	1,861.3	$	(20.9	)	$	1,840.4	$	47.8		$	1,434.1	$	109.1	$	27.9
Variable Print		2,837.6		(41.6	)		2,796.0		183.6			2,542.3		115.5		43.1
Strategic Services		2,119.1		(118.6	)		2,000.5		189.3			1,420.4		50.4		33.0
International		1,768.5		(83.2	)		1,685.3		25.9			1,655.3		63.7		36.7
Total operating segments		8,586.5		(264.3	)		8,322.2		446.6			7,052.1		338.7		140.7
Corporate		—		—			—		(50.0	)		418.5		2.8		12.1
Total operations	$	8,586.5	$	(264.3	)	$	8,322.2	$	396.6		$	7,470.6	$	341.5	$	152.8

								Income(Loss)					Depreciation
	Total		Intersegment			Net		from			Assets of		and		Capital
	Sales		Sales			Sales		Operations			Operations		Amortization		Expenditures
Nine Months Ended September 30, 2014
Publishing and Retail Services	$	1,958.3	$	(8.7	)	$	1,949.6	$	71.8		$	1,337.4	$	110.7	$	32.0
Variable Print		2,784.8		(47.2	)		2,737.6		158.2			2,719.6		117.4		44.3
Strategic Services		2,035.0		(97.1	)		1,937.9		193.0			1,403.4		48.5		28.4
International		1,979.8		(70.8	)		1,909.0		79.6			1,939.7		75.0		50.3
Total operating segments		8,757.9		(223.8	)		8,534.1		502.6			7,400.1		351.6		155.0
Corporate		—		—			—		(54.7	)		166.8		5.4		9.5
Total operations	$	8,757.9	$	(223.8	)	$	8,534.1	$	447.9		$	7,566.9	$	357.0	$	164.5

Restructuring, impairment and other charges by segment for the three and nine months ended September 30, 2015 and 2014 are described in Note 6, Restructuring, Impairment and Other Charges.