Segment Information

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segment Information

12. Segment Information

Our segments and their product and service offerings are summarized below:

Business Services

Business Services provides customized solutions at scale to help clients inform, service and transact with their customers. The segment’s primary product and service offerings include commercial print, logistics, packaging, labels, statement printing, supply chain management, forms and business process outsourcing. This segment also includes all of our operations in Asia, Europe, Canada and Latin America.

Marketing Solutions

Marketing Solutions leverages an integrated portfolio of data analytics, creative services and multichannel execution to deliver comprehensive, end-to-end solutions. The segment’s primary product and service offerings include direct marketing, in-store marketing, digital print, kitting, fulfillment, digital and creative solutions and list services.

Corporate

Corporate consists of unallocated selling, general and administrative activities and associated expenses including, in part, executive, legal, finance, communications, certain facility costs and last-in-first-out inventory provisions. In addition, certain costs and earnings of employee benefit plans, such as pension and OPEB expense (income) and share-based compensation, are included in Corporate and not allocated to the operating segments. Corporate also manages our cash pooling structures, which enables participating international locations to draw on our international cash resources to meet local liquidity needs.

Information by Segment

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 Condensed Consolidated Financial Statements.

	Three Months Ended
	June 30, 2020
															Assets of
								Income (Loss)			Depreciation				Operations
	Total		Intersegment			Net		from			and		Capital		As of
	Sales		Sales			Sales		Operations			Amortization		Expenditures		June 30, 2020
Business Services	$	963.0	$	(14.8	)	$	948.2	$	19.5		$	25.1	$	9.1	$	2,123.4
Marketing Solutions		219.3		(5.3	)		214.0		(1.8	)		12.0		4.8		622.9
Total operating segments		1,182.3		(20.1	)		1,162.2		17.7			37.1		13.9		2,746.3
Corporate		—		—			—		(33.6	)		1.1		6.5		457.2
Total operations	$	1,182.3	$	(20.1	)	$	1,162.2	$	(15.9	)	$	38.2	$	20.4	$	3,203.5

	Three Months Ended
	June 30, 2019
															Assets of
								Income (Loss)			Depreciation				Operations
	Total		Intersegment			Net		from			and		Capital		As of
	Sales		Sales			Sales		Operations			Amortization		Expenditures		December 31, 2019
Business Services	$	1,253.8	$	(22.6	)	$	1,231.2	$	41.6		$	26.6	$	19.3	$	2,329.7
Marketing Solutions		287.0		(9.5	)		277.5		6.0			11.4		14.4		748.1
Total operating segments		1,540.8		(32.1	)		1,508.7		47.6			38.0		33.7		3,077.8
Corporate		—		—			—		(26.7	)		2.0		5.3		252.3
Total operations	$	1,540.8	$	(32.1	)	$	1,508.7	$	20.9		$	40.0	$	39.0	$	3,330.1

	Six Months Ended
	June 30, 2020
								Income (Loss)			Depreciation
	Total		Intersegment			Net		from			and		Capital
	Sales		Sales			Sales		Operations			Amortization		Expenditures
Business Services	$	2,065.2	$	(31.3	)	$	2,033.9	$	39.1		$	51.1	$	19.8
Marketing Solutions		549.7		(11.9	)		537.8		23.1			26.2		6.4
Total operating segments		2,614.9		(43.2	)		2,571.7		62.2			77.3		26.2
Corporate		—		—			—		(69.3	)		1.7		11.9
Total operations	$	2,614.9	$	(43.2	)	$	2,571.7	$	(7.1	)	$	79.0	$	38.1

	Six Months Ended
	June 30, 2019
								Income (Loss)			Depreciation
	Total		Intersegment			Net		from			and		Capital
	Sales		Sales			Sales		Operations			Amortization		Expenditures
Business Services	$	2,509.7	$	(42.2	)	$	2,467.5	$	70.2		$	55.9	$	42.8
Marketing Solutions		578.9		(15.8	)		563.1		14.5			23.5		23.6
Total operating segments		3,088.6		(58.0	)		3,030.6		84.7			79.4		66.4
Corporate		—		—			—		(40.5	)		3.3		10.0
Total operations	$	3,088.6	$	(58.0	)	$	3,030.6	$	44.2		$	82.7	$	76.4

Net restructuring, impairment and other expenses by segment are described in Note 6, Restructuring, Impairment and Other.