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Restructuring, Impairment and Other Charges (Tables)
9 Months Ended
Sep. 30, 2015
Restructuring And Related Activities [Abstract]  
Schedule of Net Restructuring, Impairment and Other Charges

For the three months ended September 30, 2015 and 2014, the Company recorded the following net restructuring, impairment and other charges:

 

Three Months Ended

 

Employee

 

 

Other

Restructuring

 

 

Total

Restructuring

 

 

 

 

 

 

Other

 

 

 

 

 

September 30, 2015

 

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Publishing and Retail Services

 

$

2.1

 

 

$

1.0

 

 

$

3.1

 

 

$

2.0

 

 

$

0.7

 

 

$

5.8

 

Variable Print

 

 

0.5

 

 

 

2.1

 

 

 

2.6

 

 

 

(0.1

)

 

 

0.4

 

 

 

2.9

 

Strategic Services

 

 

1.9

 

 

 

0.5

 

 

 

2.4

 

 

 

0.9

 

 

 

0.2

 

 

 

3.5

 

International

 

 

13.1

 

 

 

0.8

 

 

 

13.9

 

 

 

25.4

 

 

 

 

 

 

39.3

 

Corporate

 

 

1.2

 

 

 

0.2

 

 

 

1.4

 

 

 

 

 

 

 

 

 

1.4

 

Total

 

$

18.8

 

 

$

4.6

 

 

$

23.4

 

 

$

28.2

 

 

$

1.3

 

 

$

52.9

 

 

Three Months Ended

 

Employee

 

 

Other

Restructuring

 

 

Total

Restructuring

 

 

 

 

 

 

Other

 

 

 

 

 

September 30, 2014

 

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Publishing and Retail Services

 

$

(0.2

)

 

$

1.8

 

 

$

1.6

 

 

$

(1.2

)

 

$

7.4

 

 

$

7.8

 

Variable Print

 

 

1.6

 

 

 

2.8

 

 

 

4.4

 

 

 

1.7

 

 

 

2.2

 

 

 

8.3

 

Strategic Services

 

 

0.9

 

 

 

0.2

 

 

 

1.1

 

 

 

 

 

 

0.1

 

 

 

1.2

 

International

 

 

1.9

 

 

 

0.2

 

 

 

2.1

 

 

 

(0.2

)

 

 

 

 

 

1.9

 

Corporate

 

 

0.6

 

 

 

0.1

 

 

 

0.7

 

 

 

 

 

 

 

 

 

0.7

 

Total

 

$

4.8

 

 

$

5.1

 

 

$

9.9

 

 

$

0.3

 

 

$

9.7

 

 

$

19.9

 

 

For the nine months ended September 30, 2015 and 2014, the Company recorded the following net restructuring, impairment and other charges:

 

Nine Months Ended

 

Employee

 

 

Other

Restructuring

 

 

Total

Restructuring

 

 

 

 

 

 

Other

 

 

 

 

 

September 30, 2015

 

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Publishing and Retail Services

 

$

5.3

 

 

$

2.5

 

 

$

7.8

 

 

$

1.5

 

 

$

18.5

 

 

$

27.8

 

Variable Print

 

 

3.6

 

 

 

5.4

 

 

 

9.0

 

 

 

1.6

 

 

 

1.3

 

 

 

11.9

 

Strategic Services

 

 

5.7

 

 

 

1.6

 

 

 

7.3

 

 

 

0.9

 

 

 

3.3

 

 

 

11.5

 

International

 

 

22.3

 

 

 

2.5

 

 

 

24.8

 

 

 

25.0

 

 

 

 

 

 

49.8

 

Corporate

 

 

2.9

 

 

 

1.0

 

 

 

3.9

 

 

 

 

 

 

 

 

 

3.9

 

Total

 

$

39.8

 

 

$

13.0

 

 

$

52.8

 

 

$

29.0

 

 

$

23.1

 

 

$

104.9

 

 

Nine Months Ended

 

Employee

 

 

Other

Restructuring

 

 

Total

Restructuring

 

 

 

 

 

 

Other

 

 

 

 

 

September 30, 2014

 

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Publishing and Retail Services

 

$

0.2

 

 

$

5.6

 

 

$

5.8

 

 

$

2.4

 

 

$

23.7

 

 

$

31.9

 

Variable Print

 

 

15.7

 

 

 

6.2

 

 

 

21.9

 

 

 

6.9

 

 

 

6.3

 

 

 

35.1

 

Strategic Services

 

 

3.3

 

 

 

1.7

 

 

 

5.0

 

 

 

 

 

 

4.0

 

 

 

9.0

 

International

 

 

5.9

 

 

 

0.8

 

 

 

6.7

 

 

 

0.8

 

 

 

 

 

 

7.5

 

Corporate

 

 

2.7

 

 

 

1.7

 

 

 

4.4

 

 

 

 

 

 

 

 

 

4.4

 

Total

 

$

27.8

 

 

$

16.0

 

 

$

43.8

 

 

$

10.1

 

 

$

34.0

 

 

$

87.9

 

 

Schedule of Changes in the Restructuring Reserve

The restructuring reserve as of December 31, 2014 and September 30, 2015, and changes during the nine months ended September 30, 2015, were as follows:

 

 

 

 

 

 

 

 

 

 

 

Foreign

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

Restructuring

 

 

Exchange and

 

 

Cash

 

 

September 30,

 

 

 

2014

 

 

Charges

 

 

Other

 

 

Paid

 

 

2015

 

Employee terminations

 

$

13.0

 

 

$

39.8

 

 

$

(1.3

)

 

$

(27.4

)

 

$

24.1

 

Multi-employer pension withdrawal obligations

 

 

34.6

 

 

 

1.4

 

 

 

1.4

 

 

 

(3.8

)

 

 

33.6

 

Lease terminations and other

 

 

15.1

 

 

 

11.6

 

 

 

(0.1

)

 

 

(15.8

)

 

 

10.8

 

Total

 

$

62.7

 

 

$

52.8

 

 

$

0.0

 

 

$

(47.0

)

 

$

68.5