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Restructuring, Impairment and Other Charges (Tables)
9 Months Ended
Sep. 30, 2016
Restructuring And Related Activities [Abstract]  
Schedule of Net Restructuring, Impairment and Other Charges

For the three months ended September 30, 2016 and 2015, the Company recorded the following net restructuring, impairment and other charges:

 

Three Months Ended

 

Employee

 

 

Other

Restructuring

 

 

Total

Restructuring

 

 

 

 

 

 

Other

 

 

 

 

 

September 30, 2016

 

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Publishing and Retail Services

 

$

 

 

$

1.2

 

 

$

1.2

 

 

$

 

 

$

0.8

 

 

$

2.0

 

Variable Print

 

 

1.2

 

 

 

0.3

 

 

 

1.5

 

 

 

 

 

 

0.6

 

 

 

2.1

 

Strategic Services

 

 

2.6

 

 

 

0.4

 

 

 

3.0

 

 

 

 

 

 

0.1

 

 

 

3.1

 

International

 

 

0.9

 

 

 

0.3

 

 

 

1.2

 

 

 

 

 

 

 

 

 

1.2

 

Corporate

 

 

6.5

 

 

 

0.1

 

 

 

6.6

 

 

 

 

 

 

 

 

 

6.6

 

Total

 

$

11.2

 

 

$

2.3

 

 

$

13.5

 

 

$

 

 

$

1.5

 

 

$

15.0

 

 

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

 

 

For the nine months ended September 30, 2016 and 2015, the Company recorded the following net restructuring, impairment and other charges:

 

Nine Months Ended

 

Employee

 

 

Other

Restructuring

 

 

Total

Restructuring

 

 

 

 

 

 

Other

 

 

 

 

 

September 30, 2016

 

Terminations

 

 

Charges

 

 

Charges

 

 

Impairment

 

 

Charges

 

 

Total

 

Publishing and Retail Services

 

$

2.1

 

 

$

2.8

 

 

$

4.9

 

 

$

1.1

 

 

$

2.4

 

 

$

8.4

 

Variable Print

 

 

1.5

 

 

 

1.8

 

 

 

3.3

 

 

 

0.1

 

 

 

1.5

 

 

 

4.9

 

Strategic Services

 

 

4.1

 

 

 

1.1

 

 

 

5.2

 

 

 

0.6

 

 

 

0.4

 

 

 

6.2

 

International

 

 

7.0

 

 

 

2.9

 

 

 

9.9

 

 

 

(2.5

)

 

 

 

 

 

7.4

 

Corporate

 

 

10.2

 

 

 

0.1

 

 

 

10.3

 

 

 

1.2

 

 

 

 

 

 

11.5

 

Total

 

$

24.9

 

 

$

8.7

 

 

$

33.6

 

 

$

0.5

 

 

$

4.3

 

 

$

38.4

 

 

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

 

 

Schedule of Changes in the Restructuring Reserve

The restructuring reserve as of December 31, 2015 and September 30, 2016, and changes during the nine months ended September 30, 2016, were as follows:

 

 

 

 

 

 

 

 

 

 

 

Foreign

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

Restructuring

 

 

Exchange and

 

 

Cash

 

 

September 30,

 

 

 

2015

 

 

Charges

 

 

Other

 

 

Paid

 

 

2016

 

Employee terminations

 

$

20.2

 

 

$

24.9

 

 

$

0.3

 

 

$

(27.6

)

 

$

17.8

 

Multi-employer pension withdrawal obligations

 

 

32.9

 

 

 

1.6

 

 

 

 

 

 

(3.6

)

 

 

30.9

 

Lease terminations and other

 

 

10.6

 

 

 

7.1

 

 

 

(0.1

)

 

 

(9.9

)

 

 

7.7

 

Total

 

$

63.7

 

 

$

33.6

 

 

$

0.2

 

 

$

(41.1

)

 

$

56.4