Equity

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Equity

8. Equity

The Company’s equity as of December 31, 2015 and June 30, 2016, and changes during the six months ended June 30, 2016, were as follows:

	RR Donnelley
	Shareholders'			Noncontrolling
	Equity			Interest			Total Equity
Balance at December 31, 2015	$	682.7		$	13.9		$	696.6
Net earnings		25.3			0.5			25.8
Other comprehensive income		1.3			0.2			1.5
Share-based compensation		10.0			—			10.0
Issuance of share-based awards, net of withholdings and other		(4.8	)		—			(4.8	)
Cash dividends paid		(108.7	)		—			(108.7	)
Distributions to noncontrolling interests		—			(0.9	)		(0.9	)
Balance at June 30, 2016	$	605.8		$	13.7		$	619.5

On May 31, 2016, the Company reduced the par value of the authorized shares of RR Donnelley’s common stock from $1.25 per share to $0.01 per share.

The Company’s equity as of December 31, 2014 and June 30, 2015, and changes during the six months ended June 30, 2015, were as follows:

	RR Donnelley
	Shareholders'			Noncontrolling
	Equity			Interest			Total Equity
Balance at December 31, 2014	$	593.8		$	26.6		$	620.4
Net earnings (loss)		65.8			(10.3	)		55.5
Other comprehensive income		3.2			—			3.2
Share-based compensation		9.8			—			9.8
Issuance of common stock		154.2			—			154.2
Issuance of share-based awards, net of withholdings and other		(3.4	)		—			(3.4	)
Cash dividends paid		(104.1	)		—			(104.1	)
Noncontrolling interest in acquired business		—			4.6			4.6
Noncontrolling interests in disposed businesses		—			(1.6	)		(1.6	)
Distributions to noncontrolling interests		—			(1.0	)		(1.0	)
Balance at June 30, 2015	$	719.3		$	18.3		$	737.6

During the three months ended June 30, 2015, the Company issued stock in conjunction with the Courier acquisition with a closing date value of $154.2 million.