Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2017

Discontinued Operations And Disposal Groups [Abstract]

Schedule of Financial Results of Discontinued Operations

The following details the financial results of discontinued operations:

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2016		2016
Net sales	$	1,133.4	$	2,180.8
Cost of sales		845.0		1,655.6
Operating expenses (a)		260.9		422.0
Interest and other expense (income), net (b)		17.6		35.5
Earnings before income taxes		9.9		67.7
Income tax expense		1.2		22.8
Net earnings from discontinued operations	$	8.7	$	44.9

(a) Includes spinoff transaction costs incurred of $18.4 million and $30.3 million during the three and six month period ended June 30, 2016.  

(b) Includes the related interest expense of the corporate level debt which was retired in connection with the Separation totaling $17.8 million and $35.8 million for the three and six months ended June 30, 2016.

Schedule of Non-Cash Items and Capital Expenditures of Discontinued Operations

The significant non-cash items and capital expenditures of discontinued operations were as follows:

	Six Months Ended
	June 30,
	2016
Depreciation and amortization	$	108.5
Pension settlement charges		76.5
Impairment charges		1.4
Assumption of warehousing equipment related to customer contract		8.8
Purchase of property, plant and equipment		31.2

Schedule of Transactions with LSC and Donnelley Financial

The Company also entered into various commercial agreements which govern sales transactions between the companies. Under these commercial agreements, the Company recognized the following transactions with LSC and Donnelley Financial during the three and six months ended June 30, 2017:

	Three Months Ended		Six Months Ended
	June 30, 2017		June 30, 2017
Net sales to LSC and Donnelley Financial	$	86.2	$	169.1
Purchases from LSC and Donnelley Financial		31.9		69.0

Schedule of Balances Recorded within Condensed Consolidated Balance Sheets

Additionally, the Company had the following balances recorded within the Condensed Consolidated Balance Sheets associated with LSC and Donnelley Financial:  

	June 30,		December 31,
	2017(b)		2016
Accounts receivable	$	17.5	$	78.1
Accounts payable		12.5		62.6
Accrued liabilities (a)		—		78.0

(a) The balance as of December 31, 2016 consisted of the final cash settlement required by a provision in the Separation and Distribution agreement which was paid in April 2017.

(b) The balance as of June 30, 2017 relates only to Donnelley Financial.