Separate Financial Information of Subsidiary Guarantors of Indebtedness (Tables)

12 Months Ended

Dec. 31, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidated Statement of Operations

Condensed Consolidating Statement of Operations

For the Year Ended December 31, 2016



	Quad/Graphics, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	1,863.6		$	2,429.0		$	454.6		$	(417.7	)	$	4,329.5
Cost of sales	1,381.1			2,067.3			364.1			(417.7		)	3,394.8
Selling, general and administrative expenses	257.8			164.6			44.3			—			466.7
Depreciation and amortization	146.8			100.1			30.2			—			277.1
Restructuring, impairment and transaction-related charges	56.8			18.2			(1.4		)	—			73.6
Goodwill impairment	—			—			—			—			—
Total operating expenses	1,842.5			2,350.2			437.2			(417.7		)	4,212.2
Operating income (loss)	21.1			78.8			17.4			—			117.3
Interest expense (income)	76.0			(4.1		)	5.3			—			77.2
Net pension income	—			(5.1		)	—			—			(5.1		)
Loss (gain) on debt extinguishment	(14.1		)	—			—			—			(14.1		)
Earnings (loss) before income taxes and equity in (earnings) loss of consolidated and unconsolidated entities	(40.8		)	88.0			12.1			—			59.3
Income tax expense (benefit)	15.2			(4.8		)	2.6			—			13.0
Earnings (loss) before equity in (earnings) loss of consolidated and unconsolidated entities	(56.0		)	92.8			9.5			—			46.3
Equity in (earnings) loss of consolidated entities	(100.9		)	(6.0		)	—			106.9			—
Equity in (earnings) loss of unconsolidated entity	—			—			1.4			—			1.4
Net earnings (loss)	44.9			98.8			8.1			(106.9		)	44.9
Less: net earnings (loss) attributable to noncontrolling interests	—			—			—			—			—
Net earnings (loss) attributable to Quad common shareholders	$	44.9		$	98.8		$	8.1		$	(106.9	)	$	44.9

Condensed Consolidating Statement of Operations

For the Year Ended December 31, 2017



	Quad/Graphics, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	1,759.7		$	2,342.5		$	424.2		$	(395.0	)	$	4,131.4
Cost of sales	1,292.2			2,018.9			336.1			(387.8		)	3,259.4
Selling, general and administrative expenses	264.7			127.0			39.3			(7.2		)	423.8
Depreciation and amortization	107.0			103.4			22.1			—			232.5
Restructuring, impairment and transaction-related charges	44.3			13.0			3.1			—			60.4
Total operating expenses	1,708.2			2,262.3			400.6			(395.0		)	3,976.1
Operating income (loss)	51.5			80.2			23.6			—			155.3
Interest expense (income)	70.4			(3.1		)	3.8			—			71.1
Net pension income	—			(9.6		)	—			—			(9.6		)
Loss (gain) on debt extinguishment	2.6			—			—			—			2.6
Earnings (loss) before income taxes and equity in (earnings) loss of consolidated and unconsolidated entities	(21.5		)	92.9			19.8			—			91.2
Income tax expense (benefit)	(32.6		)	30.7			(14.1		)	—			(16.0		)
Earnings (loss) before equity in (earnings) loss of consolidated and unconsolidated entities	11.1			62.2			33.9			—			107.2
Equity in (earnings) loss of consolidated entities	(96.1		)	(2.9		)	—			99.0			—
Equity in (earnings) loss of unconsolidated entity	—			—			—			—			—
Net earnings (loss)	107.2			65.1			33.9			(99.0		)	107.2
Less: net earnings (loss) attributable to noncontrolling interests	—			—			—			—			—
Net earnings (loss) attributable to Quad common shareholders	$	107.2		$	65.1		$	33.9		$	(99.0	)	$	107.2

Condensed Consolidating Statement of Operations

For the Year Ended December 31, 2018



	Quad/Graphics, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	1,748.7		$	2,457.6		$	463.9		$	(476.5	)	$	4,193.7
Cost of sales	1,378.2			2,156.2			361.2			(466.3		)	3,429.3
Selling, general and administrative expenses	232.3			101.9			48.1			(10.2		)	372.1
Depreciation and amortization	99.5			104.7			26.5			—			230.7
Restructuring, impairment and transaction-related charges	9.1			72.3			22.2			—			103.6
Total operating expenses	1,719.1			2,435.1			458.0			(476.5		)	4,135.7
Operating income (loss)	29.6			22.5			5.9			—			58.0
Interest expense (income)	64.9			3.1			5.3			—			73.3
Net pension income	—			(12.4		)	—			—			(12.4		)
Loss (gain) on debt extinguishment	—			—			—			—			—
Earnings (loss) before income taxes and equity in (earnings) loss of consolidated and unconsolidated entities	(35.3		)	31.8			0.6			—			(2.9		)
Income tax expense (benefit)	13.9			(18.7		)	(5.0		)	—			(9.8		)
Earnings (loss) before equity in (earnings) loss of consolidated and unconsolidated entities	(49.2		)	50.5			5.6			—			6.9
Equity in (earnings) loss of consolidated entities	(57.7		)	(5.7		)	—			63.4			—
Equity in (earnings) loss of unconsolidated entity	—			—			(1.0		)	—			(1.0		)
Net earnings (loss)	8.5			56.2			6.6			(63.4		)	7.9
Less: net earnings (loss) attributable to noncontrolling interests	—			—			(0.6		)	—			(0.6		)
Net earnings (loss) attributable to Quad common shareholders	$	8.5		$	56.2		$	7.2		$	(63.4	)	$	8.5

Condensed Consolidated Statement of Comprehensive Income (Loss)

Condensed Consolidating Statement of Comprehensive Income (Loss)

For the Year Ended December 31, 2018



	Quad/Graphics, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net earnings (loss)	$	8.5		$	56.2		$	6.6		$	(63.4	)	$	7.9
Other comprehensive income (loss), net of tax	(24.9		)	(17.8		)	(12.7		)	30.5			(24.9		)
Total comprehensive income (loss)	(16.4		)	38.4			(6.1		)	(32.9		)	(17.0		)
Less: comprehensive income (loss) attributable to noncontrolling interests	—			—			(0.6		)	—			(0.6		)
Comprehensive income (loss) attributable to Quad common shareholders	$	(16.4	)	$	38.4		$	(5.5	)	$	(32.9	)	$	(16.4	)

Condensed Consolidating Statement of Comprehensive Income (Loss)

For the Year Ended December 31, 2016



	Quad/Graphics, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Net earnings (loss)	$	44.9		$	98.8	$	8.1		$	(106.9	)	$	44.9
Other comprehensive income (loss), net of tax	(0.1		)	1.7		(4.7		)	3.0			(0.1		)
Total comprehensive income (loss)	44.8			100.5		3.4			(103.9		)	44.8
Less: comprehensive income (loss) attributable to noncontrolling interests	—			—		—			—			—
Comprehensive income (loss) attributable to Quad common shareholders	$	44.8		$	100.5	$	3.4		$	(103.9	)	$	44.8

Condensed Consolidating Statement of Comprehensive Income (Loss)

For the Year Ended December 31, 2017



	Quad/Graphics, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
Net earnings (loss)	$	107.2	$	65.1	$	33.9	$	(99.0	)	$	107.2
Other comprehensive income (loss), net of tax	28.2		13.0		12.0		(25.0		)	28.2
Total comprehensive income (loss)	135.4		78.1		45.9		(124.0		)	135.4
Less: comprehensive income (loss) attributable to noncontrolling interests	—		—		—		—			—
Comprehensive income (loss) attributable to Quad common shareholders	$	135.4	$	78.1	$	45.9	$	(124.0	)	$	135.4

Condensed Consolidating Balance Sheet

As of December 31, 2018



	Quad/Graphics, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
ASSETS
Cash and cash equivalents	$	60.3	$	2.9	$	6.3	$	—		$	69.5
Receivables, less allowances for doubtful accounts	378.0		63.3		87.4		—			528.7
Intercompany receivables	—		153.9		28.8		(182.7		)	—
Inventories	108.6		121.0		71.0		—			300.6
Other current assets	34.3		4.3		9.2		—			47.8
Total current assets	581.2		345.4		202.7		(182.7		)	946.6

Property, plant and equipment—net	647.7		451.6		158.1		—			1,257.4
Investment in consolidated entities	757.0		16.7		—		(773.7		)	—
Goodwill and intangible assets—net	1.7		111.3		54.2		—			167.2
Intercompany loan receivable	109.7		—		—		(109.7		)	—
Other long-term assets	42.5		10.4		45.0		—			97.9
Total assets	$	2,139.8	$	935.4	$	460.0	$	(1,066.1	)	$	2,469.1

LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	$	265.5	$	137.8	$	107.7	$	—		$	511.0
Intercompany accounts payable	182.7		—		—		(182.7		)	—
Short-term debt and current portion of long-term debt and capital lease obligations	29.7		0.7		17.6		—			48.0
Other current liabilities	182.6		64.7		45.0		—			292.3
Total current liabilities	660.5		203.2		170.3		(182.7		)	851.3

Long-term debt and capital lease obligations	878.8		1.0		13.1		—			892.9
Intercompany loan payable	—		42.0		67.7		(109.7		)	—
Other long-term liabilities	140.3		115.4		9.0		—			264.7
Total liabilities	1,679.6		361.6		260.1		(292.4		)	2,008.9

Total shareholders' equity and noncontrolling interests	460.2		573.8		199.9		(773.7		)	460.2
Total liabilities and shareholders' equity	$	2,139.8	$	935.4	$	460.0	$	(1,066.1	)	$	2,469.1

Condensed Consolidating Balance Sheet

As of December 31, 2017



	Quad/Graphics, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total
ASSETS
Cash and cash equivalents	$	51.7	$	2.0	$	10.7	$	—		$	64.4
Receivables, less allowances for doubtful accounts	427.9		40.6		84.0		—			552.5
Intercompany receivables	—		85.3		—		(85.3		)	—
Inventories	97.0		108.6		40.9		—			246.5
Other current assets	35.2		2.6		7.3		—			45.1
Total current assets	611.8		239.1		142.9		(85.3		)	908.5

Property, plant and equipment—net	706.5		508.6		162.5		—			1,377.6
Investment in consolidated entities	578.3		12.1		—		(590.4		)	—
Goodwill and intangible assets—net	6.9		25.5		11.0		—			43.4
Intercompany loan receivable	106.3		—		1.7		(108.0		)	—
Other long-term assets	60.5		13.5		48.9		—			122.9
Total assets	$	2,070.3	$	798.8	$	367.0	$	(783.7	)	$	2,452.4

LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	$	201.6	$	115.9	$	64.1	$	—		$	381.6
Intercompany accounts payable	75.1		—		10.2		(85.3		)	—
Short-term debt and current portion of long-term debt and capital lease obligations	31.9		1.0		14.7		—			47.6
Other current liabilities	213.9		74.9		27.9		—			316.7
Total current liabilities	522.5		191.8		116.9		(85.3		)	745.9

Long-term debt and capital lease obligations	904.3		1.4		11.5		—			917.2
Intercompany loan payable	—		40.9		67.1		(108.0		)	—
Other long-term liabilities	121.1		133.4		12.4		—			266.9
Total liabilities	1,547.9		367.5		207.9		(193.3		)	1,930.0

Total shareholders' equity and noncontrolling interests	522.4		431.3		159.1		(590.4		)	522.4
Total liabilities and shareholders' equity	$	2,070.3	$	798.8	$	367.0	$	(783.7	)	$	2,452.4

Condensed Consolidated Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2018



	Quad/Graphics, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
OPERATING ACTIVITIES
Net cash from (used in) operating activities	$	145.1		$	65.6		$	49.9		$	—		$	260.6

INVESTING ACTIVITIES
Purchases of property, plant and equipment	(23.7		)	(45.3		)	(27.3		)	—			(96.3		)
Acquisition related investing activities—net of cash acquired	—			(76.4		)	5.0			—			(71.4		)
Intercompany investing activities	(151.0		)	(81.2		)	(0.6		)	232.8			—
Other investing activities	29.4			13.3			4.5			—			47.2
Net cash from (used in) investing activities	(145.3		)	(189.6		)	(18.4		)	232.8			(120.5		)

FINANCING ACTIVITIES
Proceeds from issuance of long-term debt	—			—			7.8			—			7.8
Payments of long-term debt and capital lease obligations	(31.7		)	(2.1		)	(5.7		)	—			(39.5		)
Borrowings on revolving credit facilities	2,536.3			—			27.4			—			2,563.7
Payments on revolving credit facilities	(2,536.3		)	—			(24.8		)	—			(2,561.1		)
Purchases of treasury stock	(36.7		)	—			—			—			(36.7		)
Payment of cash dividends	(62.9		)	—			—			—			(62.9		)
Intercompany financing activities	144.9			127.0			(39.1		)	(232.8		)	—
Other financing activities	(4.8		)	—			—			—			(4.8		)
Net cash from (used in) financing activities	8.8			124.9			(34.4		)	(232.8		)	(133.5		)

Effect of exchange rates on cash and cash equivalents	—			—			(1.5		)	—			(1.5		)
Net increase (decrease) in cash and cash equivalents	8.6			0.9			(4.4		)	—			5.1
Cash and cash equivalents at beginning of year	51.7			2.0			10.7			—			64.4
Cash and cash equivalents at end of year	$	60.3		$	2.9		$	6.3		$	—		$	69.5

Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2017



	Quad/Graphics, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
OPERATING ACTIVITIES
Net cash from (used in) operating activities	$	974.5		$	(647.3	)	$	16.8		$	—		$	344.0

INVESTING ACTIVITIES
Purchases of property, plant and equipment	(27.5		)	(43.9		)	(14.5		)	—			(85.9		)
Divestiture related investing activities	8.4			5.7			—			—			14.1
Acquisition related investing activities—net of cash acquired	—			—			—			—			—
Intercompany investing activities	(18.1		)	632.7			(0.3		)	(614.3		)	—
Other investing activities	0.9			21.6			2.1			—			24.6
Net cash from (used in) investing activities	(36.3		)	616.1			(12.7		)	(614.3		)	(47.2		)

FINANCING ACTIVITIES
Proceeds from issuance of long-term debt	375.0			—			—			—			375.0
Payments of long-term debt and capital lease obligations	(523.3		)	(2.9		)	(4.3		)	—			(530.5		)
Borrowings on revolving credit facilities	706.7			—			11.8			—			718.5
Payments on revolving credit facilities	(725.7		)	—			(10.3		)	—			(736.0		)
Purchases of treasury stock	(3.8		)	—			—			—			(3.8		)
Payment of cash dividends	(62.5		)	—			—			—			(62.5		)
Intercompany financing activities	(645.1		)	30.2			0.6			614.3			—
Other financing activities	(8.1		)	(4.3		)	—			—			(12.4		)
Net cash from (used in) financing activities	(886.8		)	23.0			(2.2		)	614.3			(251.7		)

Effect of exchange rates on cash and cash equivalents	—			—			0.1			—			0.1
Net increase (decrease) in cash and cash equivalents	51.4			(8.2		)	2.0			—			45.2
Cash and cash equivalents at beginning of year	0.3			10.2			8.7			—			19.2
Cash and cash equivalents at end of year	$	51.7		$	2.0		$	10.7		$	—		$	64.4

Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2016



	Quad/Graphics, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
OPERATING ACTIVITIES
Net cash from (used in) operating activities	$	676.2		$	(340.8	)	$	18.2		$	—		$	353.6

INVESTING ACTIVITIES
Purchases of property, plant and equipment	(35.9		)	(46.8		)	(23.4		)	—			(106.1		)
Acquisition related investing activities—net of cash acquired	(0.9		)	0.9			—			—			—
Intercompany investing activities	(62.4		)	368.1			3.8			(309.5		)	—
Other investing activities	(4.5		)	18.1			3.7			—			17.3
Net cash from (used in) investing activities	(103.7		)	340.3			(15.9		)	(309.5		)	(88.8		)

FINANCING ACTIVITIES
Proceeds from issuance of long-term debt	—			—			19.7			—			19.7
Payments of long-term debt and capital lease obligations	(195.7		)	(3.5		)	(2.3		)	—			(201.5		)
Borrowings on revolving credit facilities	806.1			—			65.8			—			871.9
Payments on revolving credit facilities	(857.9		)	—			(60.1		)	—			(918.0		)
Purchases of treasury stock	(8.8		)	—			—			—			(8.8		)
Payment of cash dividends	(61.1		)	—			—			—			(61.1		)
Intercompany financing activities	(285.9		)	0.2			(23.8		)	309.5			—
Other financing activities	28.8			(0.3		)	—			—			28.5
Net cash from (used in) financing activities	(574.5		)	(3.6		)	(0.7		)	309.5			(269.3		)

Effect of exchange rates on cash and cash equivalents	—			—			(0.6		)	—			(0.6		)
Net increase (decrease) in cash and cash equivalents	(2.0		)	(4.1		)	1.0			—			(5.1		)
Cash and cash equivalents at beginning of year	2.3			14.3			7.7			—			24.3
Cash and cash equivalents at end of year	$	0.3		$	10.2		$	8.7		$	—		$	19.2