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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total net sales $ 679.3 $ 943.6 $ 2,086.3 $ 2,853.5
Total cost of sales 543.3 764.5 1,651.9 2,324.3
Operating expenses        
Selling, general and administrative expenses 75.1 99.6 238.0 290.5
Depreciation and amortization 44.8 52.2 138.9 159.3
Restructuring, impairment and transaction-related charges 9.8 56.7 49.0 73.7
Total operating expenses 673.0 973.0 2,077.8 2,847.8
Operating income (loss) from continuing operations 6.3 (29.4) 8.5 5.7
Interest expense 17.9 22.0 52.2 69.6
Net pension income (2.7) (1.5) (8.0) (4.5)
Loss on debt extinguishment 0.0 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)
Income tax benefit (12.0) (17.6) (17.5) (28.0)
Earnings (loss) from continuing operations before equity in loss of unconsolidated entity 3.1 (46.9) (20.0) (61.9)
Equity in loss of unconsolidated entity 0.4 0.1 0.9 0.9
Net earnings (loss) from continuing operations 1.6 (126.4) (34.5) (163.9)
Net earnings (loss) from continuing operations 2.7 (47.0) (20.9) (62.8)
Loss from discontinued operations, net of tax (1.1) (79.4) (13.6) (101.1)
Less: net earnings (loss) attributable to noncontrolling interests 0.0 0.1 (0.2) (0.1)
Net earnings (loss) attributable to Quad common shareholders $ 1.6 $ (126.5) $ (34.3) $ (163.8)
Earnings Per Share [Abstract]        
Earnings (loss) per share attributable to Quad common shareholders, basic, continuing operations (USD per share) $ 0.05 $ (0.94) $ (0.41) $ (1.26)
Earnings (loss) per share attributable to Quad common shareholders, basic, discontinued operations (USD per share) (0.02) (1.58) (0.27) (2.02)
Basic earnings (loss) per share attributable to Quad common shareholders (USD per share) 0.03 (2.52) (0.68) (3.28)
Earnings (loss) per share attributable to Quad common shareholders, diluted, continuing operations (USD per share) 0.05 (0.94) (0.41) (1.26)
Earnings (loss) per share attributable to Quad common shareholders, diluted, discontinued operations (USD per share) (0.02) (1.58) (0.27) (2.02)
Diluted earnings (loss) per share attributable to Quad common shareholders (USD per share) $ 0.03 $ (2.52) $ (0.68) $ (3.28)
Weighted average number of common shares outstanding, basic (in shares) 50.7 50.1 50.6 50.0
Weighted average number of common shares outstanding, diluted (in shares) 51.1 50.1 50.6 50.0
Products        
Total net sales $ 493.5 $ 742.5 $ 1,586.2 $ 2,247.4
Total cost of sales 410.1 625.3 1,296.7 1,896.0
Services        
Total net sales 185.8 201.1 500.1 606.1
Total cost of sales $ 133.2 $ 139.2 $ 355.2 $ 428.3