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Segment and Geographic Area Information (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

We have disclosed income (loss) from operations as the primary measure of segment earnings (loss). This is the measure of profitability used by our chief operating decision-maker and is most consistent with the presentation of profitability reported within the consolidated financial statements.

 

 

 

Total

Sales

 

 

Intersegment

Sales

 

 

Net

Sales

 

 

Income

(Loss)

from

Operations

 

 

Assets of

Operations

 

 

Depreciation

and

Amortization

 

 

Capital

Expenditures

 

Year ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Services

$

5,720.4

 

 

$

(101.3

)

 

$

5,619.1

 

 

$

242.3

 

 

$

2,764.5

 

 

$

128.4

 

 

$

69.4

 

Marketing Solutions

 

1,218.6

 

 

 

(37.5

)

 

 

1,181.1

 

 

 

54.6

 

 

 

674.6

 

 

 

47.4

 

 

 

11.6

 

Total operating segments

 

6,939.0

 

 

 

(138.8

)

 

 

6,800.2

 

 

 

296.9

 

 

 

3,439.1

 

 

 

175.8

 

 

 

81.0

 

Corporate

 

—

 

 

 

—

 

 

 

—

 

 

 

(88.3

)

 

 

201.7

 

 

 

5.6

 

 

 

23.4

 

Total operations

$

6,939.0

 

 

$

(138.8

)

 

$

6,800.2

 

 

$

208.6

 

 

$

3,640.8

 

 

$

181.4

 

 

$

104.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Services

$

5,890.4

 

 

$

(127.7

)

 

$

5,762.7

 

 

$

248.6

 

 

$

2,989.5

 

 

$

139.9

 

 

$

70.3

 

Marketing Solutions

 

1,215.7

 

 

 

(38.8

)

 

 

1,176.9

 

 

 

30.8

 

 

 

717.0

 

 

 

47.4

 

 

 

14.6

 

Total operating segments

 

7,106.1

 

 

 

(166.5

)

 

 

6,939.6

 

 

 

279.4

 

 

 

3,706.5

 

 

 

187.3

 

 

 

84.9

 

Corporate

 

—

 

 

 

—

 

 

 

—

 

 

 

(68.0

)

 

 

198.0

 

 

 

4.1

 

 

 

23.6

 

Total operations

$

7,106.1

 

 

$

(166.5

)

 

$

6,939.6

 

 

$

211.4

 

 

$

3,904.5

 

 

$

191.4

 

 

$

108.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Services

$

5,810.0

 

 

$

(128.9

)

 

$

5,681.1

 

 

$

(73.8

)

 

$

2,874.4

 

 

$

153.6

 

 

$

63.2

 

Marketing Solutions

 

1,185.7

 

 

 

(33.8

)

 

 

1,151.9

 

 

 

(99.4

)

 

 

747.2

 

 

 

48.3

 

 

 

39.2

 

Total operating segments

 

6,995.7

 

 

 

(162.7

)

 

 

6,833.0

 

 

 

(173.2

)

 

 

3,621.6

 

 

 

201.9

 

 

 

102.4

 

Corporate

 

—

 

 

 

—

 

 

 

—

 

 

 

(151.7

)

 

 

647.2

 

 

 

2.3

 

 

 

20.7

 

Total operations

$

6,995.7

 

 

$

(162.7

)

 

$

6,833.0

 

 

$

(324.9

)

 

$

4,268.8

 

 

$

204.2

 

 

$

123.1

 

 
Schedule of Corporate Assets

Corporate assets consisted of the following items at December 31, 2018, 2017 and 2016:

 

 

2018

 

 

2017

 

 

2016

 

Cash and cash equivalents

$

(31.8

)

 

$

(37.5

)

 

$

19.3

 

Deferred income tax assets, net of valuation allowances

 

37.1

 

 

 

36.7

 

 

 

67.5

 

Software, net

 

49.0

 

 

 

41.6

 

 

 

43.0

 

Deferred compensation plan and Company owned life insurance assets

 

89.3

 

 

 

88.6

 

 

 

75.3

 

Investment in LSC and Donnelley Financial

 

—

 

 

 

—

 

 

 

328.7

 

Property, plant and equipment, net

 

32.3

 

 

 

29.6

 

 

 

30.2

 

Other

 

25.8

 

 

 

39.0

 

 

 

83.2

 

Total Corporate assets

$

201.7

 

 

$

198.0

 

 

$

647.2

 

 
Net Sales by Geographic Region

The following table presents net sales by geographic region for the years ended December 31, 2018, 2017 and 2016. Net sales by geographic region are based upon the sales location.

 

 

2018

 

 

2017

 

 

2016

 

U.S.

$

4,990.4

 

 

$

5,233.0

 

 

$

5,250.3

 

Asia

 

968.5

 

 

 

857.3

 

 

 

703.5

 

Europe

 

485.9

 

 

 

455.0

 

 

 

482.8

 

Other

 

355.4

 

 

 

394.3

 

 

 

396.4

 

Consolidated net sales

$

6,800.2

 

 

$

6,939.6

 

 

$

6,833.0

 
Long-Lived Assets by Geographic Region

The following table presents long-lived assets by geographic region at December 31, 2018, 2017 and 2016. Long-lived assets include net property, plant and equipment, noncurrent deferred tax assets and other noncurrent assets.

 

 

2018

 

 

2017

 

 

2016

 

U.S.

$

621.9

 

 

$

642.0

 

 

$

720.1

 

Asia

 

113.8

 

 

 

127.6

 

 

 

102.6

 

Europe

 

75.5

 

 

 

81.0

 

 

 

65.3

 

Other

 

63.2

 

 

 

105.2

 

 

 

105.9

 

Consolidated long-lived assets

$

874.4

 

 

$

955.8

 

 

$

993.9