Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2015

Business Acquisition [Line Items]

Fair Values, Valuation Techniques and Related Unobservable Inputs of Level Three

The following table presents the fair value, valuation techniques and related unobservable inputs for these Level 3 measurements for the years ended December 31, 2015, 2014 and 2013:

	Fair Value		Valuation Technique	Unobservable Input	Range
2015
Customer relationships	$	—	Excess earnings	Attrition rate		2.7%
2014
Customer relationships	$	—	Excess earnings	Discount rate	12.0%-18.0%
				Attrition rate	6.6% - 12.0%
2013
Customer relationships	$	—	With and without method	Discount rate		16.0%

Pro Forma Financial Information

The unaudited pro forma net sales are not intended to represent or be indicative of the Company’s consolidated results of operations or financial condition that would have been reported had these acquisitions been completed as of the beginning of the periods presented and should not be taken as indicative of the Company’s future consolidated results of operations or financial condition. Pro forma adjustments are tax-effected at the applicable statutory tax rates.

	Year ended
	December 31,
	2015		2014
Net sales	$	11,380.1	$	12,033.7
Net earnings attributable to RR Donnelley common shareholders		190.7		131.7
Net earnings per share attributable to RR Donnelley common shareholders:
Basic	$	0.91	$	0.63
Diluted	$	0.91	$	0.63

The following table outlines unaudited pro forma financial information for the years ended December 31, 2015 and 2014:

	Year ended
	December 31,
	2015		2014
Amortization of purchased intangibles	$	82.9	$	89.6
Restructuring, impairment and other charges		93.7		129.6

Pro Forma Adjustments Affecting Net Earnings (Loss)

Additionally, the pro forma adjustments affecting net earnings attributable to RR Donnelley common shareholders for the years ended December 31, 2015 and 2014 were as follows:

	Year ended
	December 31,
	2015			2014
Depreciation and amortization of purchased assets, pre-tax	$	3.9		$	1.4
Acquisition-related expenses, pre-tax		18.9			16.0
Restructuring, impairment and other charges, pre-tax		29.4			8.1
Inventory fair value adjustments, pre-tax		10.8			3.5
Other pro forma adjustments, pre-tax		1.2			(3.2	)
Income taxes		(16.6	)		(1.9	)

Courier Corporation

Business Acquisition [Line Items]

Schedule of Final Purchase Price Allocation for Acquisitions

Based on the valuations, the final purchase price allocation for the Courier acquisition as well as the purchase price allocation for three insignificant acquisitions was as follows:

Accounts receivable	$	36.2
Inventories		59.0
Prepaid expenses and other current assets		38.8
Property, plant and equipment		163.8
Other intangible assets		108.8
Other noncurrent assets		7.9
Goodwill		66.3
Accounts payable and accrued liabilities		(24.6	)
Other noncurrent liabilities		(10.5	)
Deferred taxes-net		(83.7	)
Total purchase price-net of cash acquired		362.0
Less: debt assumed		80.2
Less: settlement of accounts receivable for acquisition of a business		8.6
Less: value of common stock issued		155.2
Net cash paid	$	118.0

Fair Values, Valuation Techniques and Related Unobservable Inputs of Level Three

The fair values of other intangible assets, technology and goodwill associated with the acquisition of Courier were determined to be Level 3 under the fair value hierarchy.  The following table presents the fair value, valuation techniques and related unobservable inputs for these Level 3 measurements:

	Fair Value		Valuation Technique	Unobservable Input	Range
Customer relationships	$	98.4	Excess earnings	Discount rate Attrition rate	14.0% - 17.0% 0.0% - 7.5%
Trade names		10.1	Relief-from-royalty method	Discount rate Royalty rate (pre-tax)	12.0% 0.3% - 1.0%
Technology	1.6		Relief-from-royalty method	Discount rate Royalty rate (pre-tax)	11.0% 15.0%
Non-compete agreement		0.3	Excess earnings	Discount rate		17.0%

Consolidated Graphics, Esselte and MultiCorpora

Business Acquisition [Line Items]

Schedule of Final Purchase Price Allocation for Acquisitions

Based on the valuations, the final purchase price allocations for these acquisitions as well as the purchase price allocation for an insignificant acquisition were as follows:

Accounts receivable	$	242.0
Inventories		89.6
Prepaid expenses and other current assets		17.5
Property, plant and equipment		337.0
Other intangible assets		205.0
Other noncurrent assets		11.9
Goodwill		300.1
Accounts payable and accrued liabilities		(221.0	)
Other noncurrent liabilities		(57.5	)
Deferred taxes-net		(96.6	)
Total purchase price-net of cash acquired		828.0
Less: debt assumed		118.4
Less: value of common stock issued		319.0
Less: gain on bargain purchase		9.5
Net cash paid	$	381.1

Fair Values, Valuation Techniques and Related Unobservable Inputs of Level Three

The fair values of other intangible assets, technology and goodwill associated with the acquisitions of Esselte, MultiCorpora and Consolidated Graphics were determined to be Level 3 under the fair value hierarchy. The following table presents the fair values, valuation techniques and related unobservable inputs for these Level 3 measurements:

	Fair Value	Valuation Technique	Unobservable Input	Range
Customer relationships	$      178.2	Excess earnings	Discount rate Attrition rate	17.0% - 21.0% 5.0% - 9.5%
Trade names	26.5	Relief-from-royalty method	Discount rate Royalty rate (pre-tax)	19.0% 0.5% - 1.5%
Technology	1.1	Excess earnings	Discount rate	17.0%