Discontinued Operations (Tables)

9 Months Ended

Sep. 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			Nine Months Ended
	September 30, 2016			September 30, 2016
Net sales	$	1,122.6		$	3,303.4
Cost of sales		879.1			2,534.7
Operating expenses (a)		170.0			592.0
Interest and other expense net (b)		104.0			139.5
(Loss) earnings before income taxes		(30.5	)		37.2
Income tax (benefit) expense		(1.4	)		21.4
Net (loss) earnings from discontinued operations	$	(29.1	)	$	15.8

(a) Includes spinoff transaction costs incurred of $27.0 million and $57.3 million during the three and nine month periods ended September 30, 2016, respectively.  

(b) Includes the related interest expense of the corporate level debt which was retired in connection with the Separation totaling $17.8 million and $53.6 million for the three and nine months ended September 30, 2016, respectively. Also includes the losses on the extinguishment of corporate level debt executed in conjunction with the spinoff transactions totaling $85.3 million, for the three and nine months ended September 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:

	Nine Months Ended
	September 30, 2016
Depreciation and amortization	$	159.0
Pension settlement charges		77.7
Impairment charges		1.5
Loss on debt extinguishments		85.3
Assumption of warehousing equipment related to customer contract		8.8
Purchase of property, plant and equipment		49.0

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 nine months ended September 30, 2017:

	Three Months Ended		Nine Months Ended
	September 30, 2017		September 30, 2017
Net sales to LSC and Donnelley Financial	$	67.2	$	236.3
Purchases from LSC and Donnelley Financial		36.2		105.2