Segment Information

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Information

13. 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, 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

Certain selling general and administrative expenses are not directly attributable to our operating segments and are therefore reported at Corporate. These expenses include 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
	September 30, 2021
				Income (Loss)	Depreciation
	Total	Intersegment	Net	from	and	Capital
	Sales	Sales	Sales	Operations	Amortization	Expenditures
Business Services	$1,018.8	$(15.2)	$1,003.6	$84.8	$22.1	$11.8
Marketing Solutions	268.5	(4.3)	264.2	17.1	7.8	2.6
Total operating segments	1,287.3	(19.5)	1,267.8	101.9	29.9	14.4
Corporate	—	—	—	(28.8)	2.4	4.3
Total operations	$1,287.3	$(19.5)	$1,267.8	$73.1	$32.3	$18.7

	Three Months Ended
	September 30, 2020
				Income (Loss)	Depreciation
	Total	Intersegment	Net	from	and	Capital
	Sales	Sales	Sales	Operations	Amortization	Expenditures
Business Services	$953.0	$(16.2)	$936.8	$69.1	$23.5	$10.2
Marketing Solutions	258.7	(4.2)	254.5	10.3	11.4	2.6
Total operating segments	1,211.7	(20.4)	1,191.3	79.4	34.9	12.8
Corporate	—	—	—	(63.5)	1.3	3.5
Total operations	$1,211.7	$(20.4)	$1,191.3	$15.9	$36.2	$16.3

	Nine Months Ended
	September 30, 2021
															Assets of
								Income (Loss)			Depreciation				Operations
	Total		Intersegment			Net		from			and		Capital		As of
	Sales		Sales			Sales		Operations			Amortization		Expenditures		September 30, 2021
Business Services	$	2,879.5	$	(44.2	)	$	2,835.3	$	193.2		$	67.4	$	32.1	$	2,263.7
Marketing Solutions		765.1		(13.9	)		751.2		39.9			23.9		7.2		651.8
Total operating segments		3,644.6		(58.1	)		3,586.5		233.1			91.3		39.3		2,915.5
Corporate		—		—			—		(106.7	)		7.7		9.3		177.9
Total operations	$	3,644.6	$	(58.1	)	$	3,586.5	$	126.4		$	99.0	$	48.6	$	3,093.4

	Nine Months Ended
	September 30, 2020
															Assets of
								Income (Loss)			Depreciation				Operations
	Total		Intersegment			Net		from			and		Capital		As of
	Sales		Sales			Sales		Operations			Amortization		Expenditures		December 31, 2020
Business Services	$	2,667.4	$	(42.0	)	$	2,625.4	$	123.9		$	71.7	$	30.0	$	2,220.9
Marketing Solutions		808.4		(16.1	)		792.3		33.4			37.6		9.0		674.3
Total operating segments		3,475.8		(58.1	)		3,417.7		157.3			109.3		39.0		2,895.2
Corporate		—		—			—		(127.3	)		3.0		15.4		235.7
Total operations	$	3,475.8	$	(58.1	)	$	3,417.7	$	30.0		$	112.3	$	54.4	$	3,130.9

Net restructuring, impairment and other expenses by segment are described in Note 7, Restructuring, Impairment and Other.