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Segment Information | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Segment Information | Segment Information As a worldwide marketing solutions partner dedicated to creating a better way, Quad uses its data-driven, integrated marketing solutions platform to help clients reduce complexity, increase efficiency and enhance marketing spend effectiveness. The Company’s operating and reportable segments are aligned with how the chief operating decision maker of the Company currently manages the business. The Company’s operating and reportable segments, including their product and service offerings, and a “Corporate” category are as follows: •United States Print and Related Services •International •Corporate United States Print and Related Services The United States Print and Related Services segment is predominantly comprised of the Company’s United States printing operations and is managed as one integrated platform. This includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products and global paper procurement, together with marketing and other complementary services, including consumer insights, audience targeting, personalization, media planning and placement, process optimization, campaign planning and creation, pre-media production, videography, photography, digital execution, print execution and logistics. This segment also includes the manufacture of ink. International The International segment consists of the Company’s printing operations in Europe and Latin America, including operations in England, France, Germany, Poland, Argentina, Colombia, Mexico and Peru, as well as investments in printing operations in Brazil and India. This segment provides printed products and marketing and other complementary services consistent with the United States Print and Related Services segment. As of September 30, 2020, the Company has no unrestricted subsidiaries as defined in the Company’s Senior Unsecured Notes indenture. Corporate Corporate consists of unallocated general and administrative activities and associated expenses including, in part, executive, legal and finance, as well as certain expenses and income from frozen employee retirement plans, such as pension benefit plans. The following is a summary of segment information for the three and nine months ended September 30, 2020 and 2019:
| Net Sales |  | Operating Income (Loss) from Continuing Operations |  | Restructuring, Impairment and Transaction- Related Charges |  |
| Products |  | Services |  |  |
Three months ended September 30, 2020 |  |  |  |  |  |  |  |  |
United States Print and Related Services | $ | 425.6 |  |  | $ | 181.6 |  |  | $ | 20.0 |  |  | $ | 3.8 |  |  |
International | 67.9 |  |  | 4.2 |  |  | (1.7) |  |  | 5.2 |  |  |
Total operating segments | 493.5 |  |  | 185.8 |  |  | 18.3 |  |  | 9.0 |  |  |
Corporate | — |  |  | — |  |  | (12.0) |  |  | 0.8 |  |  |
Total | $ | 493.5 |  |  | $ | 185.8 |  |  | $ | 6.3 |  |  | $ | 9.8 |  |  |
Three months ended September 30, 2019 |  |  |  |  |  |  |  |  |
United States Print and Related Services | $ | 649.8 |  |  | $ | 197.2 |  |  | $ | 27.1 |  |  | $ | 7.3 |  |  |
International | 92.7 |  |  | 3.9 |  |  | 2.6 |  |  | 2.5 |  |  |
Total operating segments | 742.5 |  |  | 201.1 |  |  | 29.7 |  |  | 9.8 |  |  |
Corporate | — |  |  | — |  |  | (59.1) |  |  | 46.9 |  |  |
Total | $ | 742.5 |  |  | $ | 201.1 |  |  | $ | (29.4) |  |  | $ | 56.7 |  |  |
Nine months ended September 30, 2020 |  |  |  |  |  |  |  |  |
United States Print and Related Services | $ | 1,382.2 |  |  | $ | 488.1 |  |  | $ | 44.6 |  |  | $ | 38.0 |  |  |
International | 204.0 |  |  | 12.0 |  |  | (2.1) |  |  | 9.3 |  |  |
Total operating segments | 1,586.2 |  |  | 500.1 |  |  | 42.5 |  |  | 47.3 |  |  |
Corporate | — |  |  | — |  |  | (34.0) |  |  | 1.7 |  |  |
Total | $ | 1,586.2 |  |  | $ | 500.1 |  |  | $ | 8.5 |  |  | $ | 49.0 |  |  |
Nine months ended September 30, 2019 |  |  |  |  |  |  |  |  |
United States Print and Related Services | $ | 1,962.4 |  |  | $ | 593.6 |  |  | $ | 89.8 |  |  | $ | 15.1 |  |  |
International | 285.0 |  |  | 12.5 |  |  | 4.9 |  |  | 7.5 |  |  |
Total operating segments | 2,247.4 |  |  | 606.1 |  |  | 94.7 |  |  | 22.6 |  |  |
Corporate | — |  |  | — |  |  | (89.0) |  |  | 51.1 |  |  |
Total | $ | 2,247.4 |  |  | $ | 606.1 |  |  | $ | 5.7 |  |  | $ | 73.7 |  |  |
Restructuring, impairment and transaction-related charges for the three and nine months ended September 30, 2020 and 2019, are further described in Note 5, “Restructuring, Impairment and Transaction-Related Charges,” and are included in the operating income (loss) from continuing operations results by segment above. A reconciliation of operating income (loss) from continuing operations to loss from continuing operations before income taxes and equity in loss of unconsolidated entity as reported in the condensed consolidated statements of operations for the three and nine months ended September 30, 2020 and 2019, was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Operating income (loss) from continuing operations | $ | 6.3 |  |  | $ | (29.4) |  |  | $ | 8.5 |  |  | $ | 5.7 |
Less: interest expense | 17.9 |  |  | 22.0 |  |  | 52.2 |  |  | 69.6 |
Less: net pension income | (2.7) |  |  | (1.5) |  |  | (8.0) |  |  | (4.5) |
Less: loss on debt extinguishment | — |  |  | 14.6 |  |  | 1.8 |  |  | 30.5 |
Loss from continuing operations before income taxes and equity in loss of unconsolidated entity | $ | (8.9) |  |  | $ | (64.5) |  |  | $ | (37.5) |  |  | $ | (89.9) |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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