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Equity
 6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Equity

10. Equity

Our equity as of December 31, 2020 and June 30, 2021, and changes during the three and six months ended June 30, 2021, were as follows:

 

Common

 

 

Additional

Paid-in-

 

 

Treasury

 

 

Accumulated

 

 

Accumulated

Other

Comprehensive

 

 

Total RRD's

Stockholders'

 

 

Noncontrolling

 

 

Total

 

 

Stock

 

 

Capital

 

 

Stock

 

 

Deficit

 

 

Loss

 

 

Equity

 

 

Interests

 

 

Equity

 

Balance at December 31, 2020

$

0.9

 

 

$

3,263.6

 

 

$

(1,127.6

)

 

$

(2,240.7

)

 

$

(153.9

)

 

$

(257.7

)

 

$

13.9

 

 

$

(243.8

)

Net (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.3

)

 

 

 

 

 

 

(1.3

)

 

 

0.2

 

 

 

(1.1

)

Other comprehensive loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(6.4

)

 

 

(6.4

)

 

 

(0.2

)

 

 

(6.6

)

Share-based compensation

 

 

 

 

 

0.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.2

 

 

 

 

 

 

 

0.2

 

Issuance of share-based awards, net of withholdings and other

 

 

 

 

 

(158.4

)

 

 

156.0

 

 

 

 

 

 

 

 

 

 

 

(2.4

)

 

 

 

 

 

 

(2.4

)

Distributions to noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—

 

 

 

(0.7

)

 

 

(0.7

)

Balance at March 31, 2021

$

0.9

 

 

$

3,105.4

 

 

$

(971.6

)

 

$

(2,242.0

)

 

$

(160.3

)

 

$

(267.6

)

 

$

13.2

 

 

$

(254.4

)

Net (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

 

(9.4

)

 

 

 

 

 

 

(9.4

)

 

 

0.2

 

 

 

(9.2

)

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17.4

 

 

 

17.4

 

 

 

0.1

 

 

 

17.5

 

Share-based compensation

 

 

 

 

 

2.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.4

 

 

 

 

 

 

 

2.4

 

Issuance of share-based awards, net of withholdings and other

 

 

 

 

 

(77.8

)

 

 

77.7

 

 

 

 

 

 

 

 

 

 

 

(0.1

)

 

 

 

 

 

 

(0.1

)

Balance at June 30, 2021

$

0.9

 

 

$

3,030.0

 

 

$

(893.9

)

 

$

(2,251.4

)

 

$

(142.9

)

 

$

(257.3

)

 

$

13.5

 

 

$

(243.8

)

On May 17, 2021, our Board of Directors approved an amendment to the Stockholder Rights Agreement. The amendment raises from 10% to 15% the level of beneficial ownership of RRD common stock the acquisition of which by a person or group (other than certain passive institutional investors) would result in the rights becoming exercisable.

Our equity as of December 31, 2019 and June 30, 2020, and changes during three and six months ended June 30, 2020, were as follows:

 

 

Common

 

 

Additional

Paid-in-

 

 

Treasury

 

 

Accumulated

 

 

Accumulated

Other

Comprehensive

 

 

Total RRD's

Stockholders'

 

 

Noncontrolling

 

 

Total

 

 

Stock

 

 

Capital

 

 

Stock

 

 

Deficit

 

 

Loss

 

 

Equity

 

 

Interests

 

 

Equity

 

Balance at December 31, 2019

$

0.9

 

 

$

3,348.0

 

 

$

(1,219.6

)

 

$

(2,336.8

)

 

$

(176.2

)

 

$

(383.7

)

 

$

13.4

 

 

$

(370.3

)

Net (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

 

(13.0

)

 

 

 

 

 

 

(13.0

)

 

 

0.1

 

 

 

(12.9

)

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(31.0

)

 

 

(31.0

)

 

 

(0.2

)

 

 

(31.2

)

Share-based compensation

 

 

 

 

 

1.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.4

 

 

 

 

 

 

 

1.4

 

Issuance of share-based awards, net of withholdings and other

 

 

 

 

 

(82.3

)

 

 

81.8

 

 

 

 

 

 

 

 

 

 

 

(0.5

)

 

 

 

 

 

 

(0.5

)

Cash dividends paid

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.1

)

 

 

 

 

 

 

(2.1

)

 

 

 

 

 

 

(2.1

)

Cumulative impact of adopting ASU 2016-03, net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.3

)

 

 

 

 

 

 

(0.3

)

 

 

 

 

 

 

(0.3

)

Distributions to noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—

 

 

 

(0.7

)

 

 

(0.7

)

Balance at March 31, 2020

$

0.9

 

 

$

3,267.1

 

 

$

(1,137.8

)

 

$

(2,352.2

)

 

$

(207.2

)

 

$

(429.2

)

 

$

12.6

 

 

$

(416.6

)

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

(57.2

)

 

 

 

 

 

 

(57.2

)

 

 

 

 

 

 

(57.2

)

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.2

 

 

 

6.2

 

 

 

 

 

 

 

6.2

 

Share-based compensation

 

 

 

 

 

1.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.8

 

 

 

 

 

 

 

1.8

 

Issuance of share-based awards, net of withholdings and other

 

 

 

 

 

(7.7

)

 

 

7.6

 

 

 

 

 

 

 

 

 

 

 

(0.1

)

 

 

 

 

 

 

(0.1

)

Balance at June 30, 2020

$

0.9

 

 

$

3,261.2

 

 

$

(1,130.2

)

 

$

(2,409.4

)

 

$

(201.0

)

 

$

(478.5

)

 

$

12.6

 

 

$

(465.9

)

`