Quad/Graphics (QUAD) 10-Q 5 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 2020
Entity Information [Line Items]
Entity Central Index Key	0001481792
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-34806
Entity Registrant Name	Quad/Graphics, Inc.
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-1152983
Title of 12(b) Security	Class A Common Stock, par value $0.025 per share
Trading Symbol	QUAD
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Address, Address Line One	N61 W23044 Harry’s Way
City Area Code	414
Entity Address, City or Town	Sussex
Local Phone Number	566-6000
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53089-3995
Entity Small Business	false
Entity Emerging Growth Company	false
Common Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		40,136,015
Common Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		13,556,858
Common Class C
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Total net sales	$ 584.5	$ 948.9	$ 1,407	$ 1,909.9
Total cost of sales	460.9	771.5	1,108.6	1,559.8
Operating expenses
Selling, general and administrative expenses	63.3	96.4	162.9	190.9
Depreciation and amortization	46.7	52.9	94.1	107.1
Restructuring, impairment and transaction-related charges	16.4	9.4	39.2	17
Total operating expenses	587.3	930.2	1,404.8	1,874.8
Operating income (loss) from continuing operations	(2.8)	18.7	2.2	35.1
Interest expense	16.2	25.8	34.3	47.6
Net pension income	(2.6)	(1.5)	(5.3)	(3)
Loss on debt extinguishment	2.4	0	1.8	15.9
Loss from continuing operations before income taxes and equity in loss of unconsolidated entity	(18.8)	(5.6)	(28.6)	(25.4)
Income tax benefit	(4.3)	(3.2)	(5.5)	(10.4)
Loss from continuing operations before equity in loss of unconsolidated entity	(14.5)	(2.4)	(23.1)	(15)
Equity in loss of unconsolidated entity	0.5	0.7	0.5	0.8
Net loss from continuing operations	(23.7)	(14.7)	(36.1)	(37.5)
Net loss from continuing operations	(15)	(3.1)	(23.6)	(15.8)
Loss from discontinued operations, net of tax	(8.7)	(11.6)	(12.5)	(21.7)
Less: net earnings (loss) attributable to noncontrolling interests	(0.2)	0.1	(0.2)	(0.2)
Net loss attributable to Quad common shareholders	$ (23.5)	$ (14.8)	$ (35.9)	$ (37.3)
Earnings Per Share [Abstract]
Earnings (loss) per share attributable to Quad common shareholders, basic, continuing operations (USD per share)	$ (0.29)	$ (0.07)	$ (0.46)	$ (0.31)
Earnings (loss) per share attributable to Quad common shareholders, basic, discontinued operations (USD per share)	(0.17)	(0.23)	(0.25)	(0.44)
Basic earnings (loss) per share attributable to Quad common shareholders (USD per share)	$ (0.46)	$ (0.30)	$ (0.71)	$ (0.75)
Weighted average number of common shares outstanding, basic (in shares)	50.7	50.1	50.6	49.9
Weighted average number of common shares outstanding, diluted (in shares)	50.7	50.1	50.6	49.9
Products
Total net sales	$ 447.7	$ 743.5	$ 1,092.7	$ 1,504.9
Total cost of sales	362.9	624.5	886.6	1,270.7
Services
Total net sales	136.8	205.4	314.3	405
Total cost of sales	$ 98	$ 147	$ 222	$ 289.1

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net loss	$ (23.7)	$ (14.7)	$ (36.1)	$ (37.5)
Other comprehensive income (loss)
Translation adjustments	2.1	2.1	(13.2)	1.8
Interest rate swap adjustments	0	(6.9)	(11.1)	(10.6)
Other comprehensive income (loss), before tax	2.1	(4.8)	(24.3)	(8.8)
Income tax impact related to items of other comprehensive income (loss)	0	1.8	2.8	2.7
Other comprehensive income (loss), net of tax	2.1	(3)	(21.5)	(6.1)
Total comprehensive loss	(21.6)	(17.7)	(57.6)	(43.6)
Less: comprehensive income (loss) attributable to noncontrolling interests	(0.2)	0.1	(0.2)	(0.2)
Comprehensive loss attributable to Quad common shareholders	$ (21.4)	$ (17.8)	$ (57.4)	$ (43.4)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 70.2	$ 78.7
Receivables, less allowance for credit losses of $36.7 million at June 30, 2020, and $25.0 million at December 31, 2019	331.1	456.1
Inventories	169.5	210.5
Prepaid expenses and other current assets	88.3	109
Current assets of discontinued operations	35.2	56.6
Total current assets	694.3	910.9
Property, plant and equipment—net	977.9	1,036.5
Operating lease right-of-use assets—net	86.5	97.9
Goodwill	103	103
Other intangible assets—net	122.5	137.2
Equity method investment in unconsolidated entity	2.1	3.6
Other long-term assets	116.8	127.5
Long-term assets of discontinued operations	0	0.5
Total assets	2,103.1	2,417.1
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	309.4	416.7
Other current liabilities	247.2	303
Short-term debt and current portion of long-term debt	57.9	40
Current portion of finance lease obligations	3.3	7.7
Current portion of operating lease obligations	28.9	30.2
Current liabilities of discontinued operations	13.2	15.8
Liabilities, Current, Total	659.9	813.4
Long-term debt	983.7	1,058.5
Finance lease obligations	2.7	6
Operating lease obligations	59.9	70.4
Deferred income taxes	3.4	2.8
Other long-term liabilities	238	221.1
Long-term liabilities of discontinued operations	0.6	0.6
Liabilities, Total	1,948.2	2,172.8
Commitments and contingencies (Note 10)
Shareholders’ equity
Preferred stock	0	0
Additional paid-in capital	828	847.4
Treasury stock, at cost	(12.9)	(31.5)
Accumulated deficit	(473.6)	(423.5)
Accumulated other comprehensive loss	(188.7)	(167.2)
Quad’s shareholders’ equity	154.2	226.6
Noncontrolling interests	0.7	17.7
Total shareholders’ equity and noncontrolling interests	154.9	244.3
Total liabilities and shareholders’ equity	2,103.1	2,417.1
Common Class A
Shareholders’ equity
Common stock	1	1
Common Class B
Shareholders’ equity
Common stock	0.4	0.4
Common Class C
Shareholders’ equity
Common stock	$ 0	$ 0

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowances for doubtful accounts	$ 36.7	$ 25

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Statement of Cash Flows [Abstract]
Net loss	$ (36.1)	$ (37.5)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	94.1	116.4
Employee stock ownership plan contribution	0	0
Impairment charges	15.5	2.1
Amortization of debt issuance costs and original issue discount	1.3	2.3
Loss on debt extinguishment	1.8	15.9
Stock-based compensation	5.6	7.7
Gain from property insurance claims	0	(0.8)
Loss on the sale of a business	2.9	0
Gain on the sale or disposal of property, plant and equipment	(0.9)	(5.5)
Deferred income taxes	6.8	(21.2)
Equity in loss of unconsolidated entity	0.5	0.8
Changes in operating assets and liabilities—net of acquisitions	(24.3)	(63.9)
Net cash provided by operating activities	67.2	16.3
INVESTING ACTIVITIES
Payments to Acquire Property, Plant, and Equipment	(38)	(74.6)
Proceeds from the sale of property, plant and equipment	4	14.7
Proceeds from the sale of business	40.1	0
Proceeds from property insurance claims	0	0.3
Acquisition of businesses—net of cash acquired	(1.8)	(121)
Other investing activities	1.8	0
Net cash provided by (used in) investing activities	6.1	(180.6)
FINANCING ACTIVITIES
Proceeds from issuance of long-term debt	0.1	491.5
Payments of long-term debt	(56.3)	(551.4)
Payments of finance lease obligations	(5.1)	(2.9)
Borrowings on revolving credit facilities	311.7	2,495.5
Payments on revolving credit facilities	(312.4)	(2,261.7)
Payments of debt issuance costs and financing fees	(2.7)	(20.2)
Change in ownership of noncontrolling interests	(6.4)	0
Equity awards redeemed to pay employees’ tax obligations	(1)	(6.6)
Payment of cash dividends	(9.5)	(34.3)
Other financing activities	0.1	(5.3)
Net cash provided by (used in) financing activities	(81.5)	104.6
Effect of exchange rates on cash and cash equivalents	(0.3)	0.2
Net decrease in cash and cash equivalents	(8.5)	(59.5)
Cash and cash equivalents at beginning of period	78.7	69.5
Cash and cash equivalents at end of period	$ 70.2	$ 10

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity and Noncontrolling Interests - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Common StockCumulative Effect, Period Of Adoption, Adjusted Balance	Additional Paid-in Capital	Additional Paid-in CapitalCumulative Effect, Period Of Adoption, Adjusted Balance	Treasury Stock	Treasury StockCumulative Effect, Period Of Adoption, Adjusted Balance	Accumulated Deficit	Accumulated DeficitCumulative Effect, Period Of Adoption, Adjustment	Accumulated DeficitCumulative Effect, Period Of Adoption, Adjusted Balance	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive LossCumulative Effect, Period Of Adoption, Adjusted Balance	Quad’s Shareholders’ Equity	Quad’s Shareholders’ EquityCumulative Effect, Period Of Adoption, Adjustment	Quad’s Shareholders’ EquityCumulative Effect, Period Of Adoption, Adjusted Balance	Noncontrolling Interests	Noncontrolling InterestsCumulative Effect, Period Of Adoption, Adjusted Balance
Beginning balance, shares at Dec. 31, 2018		54.3				(2.7)
Beginning balance, Quad's shareholders equity at Dec. 31, 2018		$ 1.4		$ 861.3		$ (56.6)		$ (211.4)			$ (152.2)		$ 442.5
Beginning balance, noncontrolling interests at Dec. 31, 2018																$ 17.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss) attributable to Quad common shareholders								(22.5)					(22.5)
Less: net earnings (loss) attributable to noncontrolling interests																0.3
Foreign currency translation adjustments											(0.3)		(0.3)
Interest rate swap adjustments, net of tax											(2.8)		(2.8)
Cash dividends declared								(16)					(16)
Stock-based compensation				5									5
Issuance of share-based awards, net of other activity, shares						1.7
Issuance of share-based awards, net of other activity				30.1		$ (33.3)							(3.2)
Awards redeemed to pay employees' tax obligations, shares						(0.5)
Awards redeemed to pay employees’ tax obligations						$ (6.6)							(6.6)
Ending balance, shares at Mar. 31, 2019		54.3				(1.5)
Ending balance, Quad's shareholders' equity at Mar. 31, 2019		$ 1.4		836.2		$ (29.9)		(249.9)			(155.3)		402.5
Ending balance, noncontrolling interests at Mar. 31, 2019																17.4
Beginning balance, shares at Dec. 31, 2018		54.3				(2.7)
Beginning balance, Quad's shareholders equity at Dec. 31, 2018		$ 1.4		861.3		$ (56.6)		(211.4)			(152.2)		442.5
Beginning balance, noncontrolling interests at Dec. 31, 2018																17.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss) attributable to Quad common shareholders	$ (37.3)
Less: net earnings (loss) attributable to noncontrolling interests	(0.2)
Ending balance, shares at Jun. 30, 2019		54.3				(1.5)
Ending balance, Quad's shareholders' equity at Jun. 30, 2019		$ 1.4		839.6		$ (30)		(280.7)			(158.3)		372
Ending balance, noncontrolling interests at Jun. 30, 2019																17.5
Beginning balance, shares at Mar. 31, 2019		54.3				(1.5)
Beginning balance, Quad's shareholders equity at Mar. 31, 2019		$ 1.4		836.2		$ (29.9)		(249.9)			(155.3)		402.5
Beginning balance, noncontrolling interests at Mar. 31, 2019																17.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss) attributable to Quad common shareholders	(14.8)							(14.8)					(14.8)
Less: net earnings (loss) attributable to noncontrolling interests	0.1															(0.1)
Foreign currency translation adjustments											2.1		2.1
Interest rate swap adjustments, net of tax											(5.1)		(5.1)
Cash dividends declared								(16)					(16)
Stock-based compensation				3.3									3.3
Issuance of share-based awards, net of other activity				(0.1)		$ 0.1							0
Ending balance, shares at Jun. 30, 2019		54.3				(1.5)
Ending balance, Quad's shareholders' equity at Jun. 30, 2019		$ 1.4		839.6		$ (30)		(280.7)			(158.3)		372
Ending balance, noncontrolling interests at Jun. 30, 2019																17.5
Beginning balance, shares at Dec. 31, 2019		54.3	54.3			(1.6)	(1.6)
Beginning balance, Quad's shareholders equity at Dec. 31, 2019	226.6	$ 1.4	$ 1.4	847.4	$ 847.4	$ (31.5)	$ (31.5)	(423.5)	$ (6.3)	$ (429.8)	(167.2)	$ (167.2)	226.6	$ (6.3)	$ 220.3
Beginning balance, noncontrolling interests at Dec. 31, 2019	17.7															17.7	$ 17.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss) attributable to Quad common shareholders								(12.4)					(12.4)
Change in ownership of noncontrolling interests																(0.1)
Foreign currency translation adjustments											(15.3)		(15.3)
Interest rate swap adjustments, net of tax											(8.3)		(8.3)
Cash dividends declared								(7.9)					(7.9)
Stock-based compensation				3.1									3.1
Issuance of share-based awards, net of other activity, shares		0.1				1.1
Issuance of share-based awards, net of other activity				19.8		$ (19.8)							0
Awards redeemed to pay employees' tax obligations, shares						(0.2)
Awards redeemed to pay employees’ tax obligations						$ (1)							(1)
Ending balance, shares at Mar. 31, 2020		54.4				(0.7)
Ending balance, Quad's shareholders' equity at Mar. 31, 2020		$ 1.4		830.7		$ (12.7)		(450.1)			(190.8)		178.5
Ending balance, noncontrolling interests at Mar. 31, 2020																17.8
Beginning balance, shares at Dec. 31, 2019		54.3	54.3			(1.6)	(1.6)
Beginning balance, Quad's shareholders equity at Dec. 31, 2019	226.6	$ 1.4	$ 1.4	847.4	$ 847.4	$ (31.5)	$ (31.5)	(423.5)	$ (6.3)	$ (429.8)	(167.2)	$ (167.2)	226.6	$ (6.3)	$ 220.3
Beginning balance, noncontrolling interests at Dec. 31, 2019	17.7															17.7	$ 17.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss) attributable to Quad common shareholders	(35.9)
Less: net earnings (loss) attributable to noncontrolling interests	(0.2)
Ending balance, shares at Jun. 30, 2020		54.4				(0.7)
Ending balance, Quad's shareholders' equity at Jun. 30, 2020	154.2	$ 1.4		828		$ (12.9)		(473.6)			(188.7)		154.2
Ending balance, noncontrolling interests at Jun. 30, 2020	0.7															0.7
Beginning balance, shares at Mar. 31, 2020		54.4				(0.7)
Beginning balance, Quad's shareholders equity at Mar. 31, 2020		$ 1.4		830.7		$ (12.7)		(450.1)			(190.8)		178.5
Beginning balance, noncontrolling interests at Mar. 31, 2020																17.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings (loss) attributable to Quad common shareholders	(23.5)							(23.5)					(23.5)
Less: net earnings (loss) attributable to noncontrolling interests	(0.2)															0.2
Change in ownership of noncontrolling interests	(5.4)			(5.4)												(16.9)
Foreign currency translation adjustments											2.1		2.1
Stock-based compensation				2.7									2.7
Issuance of share-based awards, net of other activity				0		$ 0.2							0.2
Ending balance, shares at Jun. 30, 2020		54.4				(0.7)
Ending balance, Quad's shareholders' equity at Jun. 30, 2020	154.2	$ 1.4		$ 828		$ (12.9)		$ (473.6)			$ (188.7)		$ 154.2
Ending balance, noncontrolling interests at Jun. 30, 2020	$ 0.7															$ 0.7

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Shareholders' Equity and Noncontroling Interests (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividend declared (USD per share)	$ 0.15	$ 0.15	$ 0.30	$ 0.30

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements for Quad/Graphics, Inc. and its subsidiaries (the “Company” or “Quad”) have been prepared by the Company pursuant to the rules and regulations for interim financial information of the United States Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted pursuant to such SEC rules and regulations. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated annual financial statements as of and for the year ended December 31, 2019, and notes thereto included in the Company’s latest Annual Report on Form 10-K filed with the SEC on February 19, 2020. The Company is subject to seasonality in its quarterly results as net sales and operating income are higher in the third and fourth quarters of the calendar year as compared to the first and second quarters. The fourth quarter is typically the highest seasonal quarter for cash flows from operating activities due to the reduction of working capital requirements that reach peak levels during the third quarter. Seasonality is driven by increased magazine advertising page counts, retail inserts and catalogs primarily due to back-to-school and holiday-related advertising and promotions. The Company expects this seasonality impact to continue in future years. The financial information contained herein reflects all adjustments, in the opinion of management, necessary for a fair presentation of the Company’s results of operations for the three and six months ended June 30, 2020 and 2019. All of these adjustments are of a normal recurring nature, except as otherwise noted. All intercompany transactions have been eliminated in consolidation. These unaudited condensed consolidated financial statements include estimates and assumptions of management that affect the amounts reported in the condensed consolidated financial statements. Actual results could differ from these estimates. Discontinued Operations The results of operations of the Company’s United States Book business (“Book business”) have been reported as discontinued operations for all periods presented, in accordance with Accounting Standards Codification (“ASC”) 205-20 — Discontinued Operations . The corresponding current and long-term assets and liabilities of the Book business have been classified as held for sale in the condensed consolidated balance sheets in accordance with ASC 205-20 as of June 30, 2020, and December 31, 2019. The financial information pertaining to discontinued operations has been excluded from all relevant notes to the condensed consolidated financial statements, unless otherwise noted. See all required disclosures and further information in Note 4, “Discontinued Operations” about the Company’s intent to sell its Book business. Receivables On January 1, 2020, the Company adopted Accounting Standards Update 2016-13 “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”), which changes the impairment model for most financial assets and certain other instruments. This new impairment model, also known as the current expected credit loss (“CECL”) model, is based on expected losses rather than incurred losses. Under ASC 326— Financial Instruments — Credit Losses (“ASC 326”), the Company is required to measure expected credit losses for financial instruments, including trade receivables, based on historical experience, current conditions and reasonable forecasts. The Company has adopted ASU 2016-13 using a modified retrospective transition approach and has recorded a cumulative-effect transition adjustment to accumulated deficit to increase the allowance for credit losses balance as of January 1, 2020. See Note 7, “Receivables,” for additional accounting policy and transition disclosures. Coronavirus (“COVID-19”) Pandemic Impacts and Response The COVID-19 pandemic has had, and will continue to have, a negative impact on the Company’s business, financial condition, cash flows, results of operations and supply chain, although the full extent is uncertain. The Company implemented cost reduction and cash conservation initiatives in response to the impact of the COVID-19 pandemic on its business, including implementing a COVID-19 Temporary Furlough Program through which employees take an unpaid leave of absence – the length of which varies upon business needs; temporary salary reductions for leaders through the end of July, including a 50% salary reduction for the Chief Executive Officer and a 35% salary reduction for named executive officers; a temporary 50% reduction in retainer fees for the Company’s non-employee directors; temporarily suspending use of vacation and vacation payouts through the end of June; temporarily suspending production at several manufacturing facilities where declining client volume or other effects of the pandemic impacted the Company’s ability to operate; suspending quarterly dividend payments until further notice; and delaying capital spending projects. While the Company has resumed, or expects to resume, production at most of its manufacturing facilities, it has also announced the permanent closure of the retail facility in Taunton, Massachusetts, during the second quarter of 2020. The Company also amended its Senior Secured Credit Facility to provide for certain financial covenant relief through the fiscal quarter ending September 30, 2021. The Company is continuing to evaluate its cost structure and expects to implement additional cost reduction measures as necessary. As the pandemic continues to rapidly evolve, the extent of the impact on the Company’s business, financial condition, cash flows, results of operations and supply chain will depend on future developments, all of which are highly uncertain and cannot be predicted.

Revenue Recognition Revenue Rec

Revenue Recognition Revenue Recognition	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Revenue Disaggregation The following table provides information about disaggregated revenue by the Company’s operating segments and major products and services offerings for the three and six months ended June 30, 2020 and 2019: United States Print and Related Services International Total Three months ended June 30, 2020 Catalog, publications, retail inserts, and directories $ 285.8 $ 44.2 $ 330.0 Direct mail and other printed products 106.5 10.3 116.8 Other 0.7 0.2 0.9 Total products 393.0 54.7 447.7 Logistics services 61.7 3.3 65.0 Imaging, marketing services and other services 71.8 — 71.8 Total services 133.5 3.3 136.8 Total net sales $ 526.5 $ 58.0 $ 584.5 Three months ended June 30, 2019 Catalog, publications, retail inserts, and directories $ 475.3 $ 74.4 $ 549.7 Direct mail and other printed products 171.8 16.0 187.8 Other 5.9 0.1 6.0 Total products 653.0 90.5 743.5 Logistics services 103.4 4.4 107.8 Imaging, marketing services and other services 97.6 — 97.6 Total services 201.0 4.4 205.4 Total net sales $ 854.0 $ 94.9 $ 948.9 Revenue Disaggregation (Continued) United States Print International Total Six months ended June 30, 2020 Catalog, publications, retail inserts, and directories $ 697.9 $ 108.9 $ 806.8 Direct mail and other printed products 256.9 26.7 283.6 Other 1.8 0.5 2.3 Total products 956.6 136.1 1,092.7 Logistics services 151.7 7.7 159.4 Imaging, marketing services and other services 154.8 0.1 154.9 Total services 306.5 7.8 314.3 Total net sales $ 1,263.1 $ 143.9 $ 1,407.0 Six months ended June 30, 2019 Catalog, publications, retail inserts, and directories $ 961.0 $ 145.7 $ 1,106.7 Direct mail and other printed products 339.2 46.4 385.6 Other 12.4 0.2 12.6 Total products 1,312.6 192.3 1,504.9 Logistics services 203.7 8.5 212.2 Imaging, marketing services and other services 192.7 0.1 192.8 Total services 396.4 8.6 405.0 Total net sales $ 1,709.0 $ 200.9 $ 1,909.9 Nature of Products and Services The Company recognizes its products and services revenue based on when the transfer of control passes to the client or when the service is completed and accepted by the client. The products offering is predominantly comprised of the Company’s print operations which 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. The Company considers its logistic operations as services, which include the delivery of printed material. The Services offering also includes revenues related to the Company’s imaging operations, which include digital content management, photography, color services, page production, marketing services, media planning and placement, facilities management and medical services. Costs to Obtain Contracts In accordance with ASC 606 — Revenue from Contracts with Customers , the Company capitalizes certain sales incentives of the sales compensation packages for costs that are directly attributed to being awarded a client contract or renewal and would not have been incurred had the contract not been obtained. The Company also defers certain contract acquisition costs paid to the client at contract inception. Costs to obtain contracts with a duration of less than one year are expensed as incurred. For all contract costs with contracts over one year, the Company amortizes the costs to obtain contracts on a straight-line basis over the estimated life of the contract and reviews quarterly for impairment. Activity impacting costs to obtain contracts for the six months ended June 30, 2020, was as follows: Costs to Obtain Contracts Balance at December 31, 2019 $ 12.7 Costs to obtain contracts 0.6 Amortization of costs to obtain contracts (2.5) Balance at June 30, 2020 $ 10.8

Acquisitions and Strategic Inve

Acquisitions and Strategic Investments Acquisitions and Strategic Investments	6 Months Ended
	Jun. 30, 2020
Acquisitions and Strategic Investments [Abstract]
Acquisitions and Strategic Investments	Acquisitions and Strategic Investments 2020 Change of Ownership in Rise Interactive On June 15, 2020, the Company purchased units of equity in Rise Interactive Media & Analytics, LLC (“Rise”) from a previous holder in the form of a $15.9 million note payable and $1.0 million cash paid. In addition, on June 15, 2020, Rise purchased and retired units of equity from previous holders of Rise for $5.4 million in cash. These transactions result in the Company’s ownership interest to change from 57% to 99%. The Company began consolidating the results of Rise in the Company’s condensed consolidated financial statements when its equity ownership increased to 57% on March 14, 2018. The portion of Rise’s operating results not owned by the Company of 43% through June 15, 2020 and of 1% after June 15, 2020 is recorded as net earnings (loss) attributable to noncontrolling interests on the condensed consolidated statement of operations. The portion of net assets not owned by the Company is recorded as noncontrolling interests as of the respective dates shown on the condensed consolidated balance sheets. 2019 Acquisition of Periscope On January 3, 2019, the Company completed the acquisition of Periscope, Inc. (“Periscope”), a creative agency headquartered in Minneapolis, Minnesota, for $121.0 million cash paid. Periscope provides a comprehensive service offering, including media buying and analytics, creative and account management. Periscope also has packaging design and premedia services that complement Quad’s print-production capabilities. The purchase price of $134.0 million includes $9.8 million of acquired cash and non-cash equity incentive awards with a grant date fair value of $3.2 million. Included in the purchase price allocation are $69.8 million of identifiable other intangible assets, which are amortized over their estimated useful lives, ranging from five

Discontinued Operations (Notes)

Discontinued Operations (Notes)	6 Months Ended
	Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations During the third quarter of 2019, the Company made a decision to sell its United States Book business as a part of an ongoing process to review its business portfolio and divest assets not core to the Quad 3.0 transformation. Accordingly, the Company has classified the Book business as a discontinued operation, as required by ASC 205-20 — Discontinued Operations . The Book business primarily consists of three facilities: Versailles, Kentucky; Fairfield, Pennsylvania; and Martinsburg, West Virginia. The Company’s Book business has historically been included within the United States Print and Related Services segment and the Core Print and Related Services reporting unit. The Company sold the facility and its book operations in Versailles on July 1, 2020 for $7.9 million in cash and the assumption of approximately $3.0 million in finance lease obligations, subject to final working capital adjustments (see Note 22, “Subsequent Events” for more details). The following table summarizes the results of operations of the Company’s United States Book business , which are included in the loss from discontinued operations in the condensed consolidated statements of operations for the three and six months ended June 30, 2020 and 2019: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Total net sales $ 21.3 $ 54.8 $ 61.6 $ 98.5 Total cost of sales, excluding depreciation and amortization 22.0 57.3 63.1 106.1 Selling, general and administrative expenses 1.1 3.2 3.0 6.6 Depreciation and amortization — 4.3 — 9.3 Restructuring, impairment and transaction-related charges (1) 10.3 — 12.5 — Other expenses, net 0.1 0.1 0.1 0.1 Loss from discontinued operations before income taxes (12.2) (10.1) (17.1) (23.6) Income tax expense (benefit) (3.5) 1.5 (4.6) (1.9) Loss from discontinued operations, net of tax $ (8.7) $ (11.6) $ (12.5) $ (21.7) ______________________________ (1) The Company recognized $10.0 million and $11.3 million of impairment charges for tangible property, plant and equipment during the three and six months ended June 30, 2020, respectively, to reduce the carrying value of the Book business to its fair va lue. The condensed consolidated statements of cash flows for all periods have not been adjusted to separately disclose cash flows related to discontinued operations. Cash flows provided by operating activities related to the Book business were $0.4 million during the six months ended June 30, 2020, cash flows used in operating activities related to the Book business were $11.8 million during the six months ended June 30, 2019, and cash flows used in investing activities related to the Book business were $1.6 million and $11.1 million during the six months ended June 30, 2020 and 2019, respectively. The following table summarizes the current and long-term assets and liabilities of the discontinued United States Book business that were classified as held for sale in the condensed consolidated balance sheets at June 30, 2020, and December 31, 2019: June 30, December 31, Receivables—net $ 12.8 $ 19.6 Inventories 9.4 14.0 Prepaid expenses and other current assets 13.0 23.0 Current assets of discontinued operations 35.2 56.6 Property, plant and equipment—net — — Operating lease right-of-use assets—net — 0.2 Other long-term assets — 0.3 Long-term assets of discontinued operations — 0.5 Accounts payable 5.9 7.0 Other current liabilities 4.3 8.5 Current portion of finance lease obligations 3.0 0.1 Current portion of operating lease obligations — 0.2 Current liabilities of discontinued operations 13.2 15.8 Finance lease obligations — — Other long-term liabilities 0.6 0.6 Long-term liabilities of discontinued operations 0.6 0.6

Restructuring, Impairment and T

Restructuring, Impairment and Transaction-Related Charges	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Restructuring, Impairment and Transaction-Related Charges	Restructuring, Impairment and Transaction-Related Charges The Company recorded restructuring, impairment and transaction-related charges for the three and six months ended June 30, 2020 and 2019, as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Employee termination charges $ 9.5 $ 3.3 $ 22.1 $ 7.6 Impairment charges 1.7 0.4 4.2 2.1 Transaction-related charges 0.3 2.7 0.8 4.2 Integration costs 0.4 0.8 1.1 1.6 Other restructuring charges 4.5 2.2 11.0 1.5 Total $ 16.4 $ 9.4 $ 39.2 $ 17.0 The costs related to these activities have been recorded in the condensed consolidated statements of operations as restructuring, impairment and transaction-related charges. See Note 20, “Segment Information,” for restructuring, impairment and transaction-related charges by segment. Restructuring Charges The Company began a restructuring program in 2010 related to eliminating excess manufacturing capacity and properly aligning its cost structure and has since announced a total of 47 plant closures through June 30, 2020, including the announced closures of the Charlotte, North Carolina facility during the first quarter of 2020 and the Taunton, Massachusetts retail facility during the second quarter of 2020. The Company classifies the following charges as restructuring: • Employee termination charges are incurred when the Company reduces its workforce through separation programs and facility consolidations. • Integration costs are incurred primarily for the integration of acquired companies (see Note 3, “Acquisitions and Strategic Investments,” for descriptions of the Company’s recent acquisitions and strategic investments). • Other restructuring charges are presented net of the gains on the sale of facilities and businesses, including a gain on the sale of the Shakopee, Minnesota facility during the first quarter of 2020, a gain on the sale of the Franklin, Kentucky facility during the second quarter of 2019 and a gain on the sale of the Hazleton, Pennsylvania facility during the first quarter of 2019. The Company also recognized a $2.9 million loss on the sale of a business during the first quarter of 2020, as well as $2.3 million in charges related to a value-added tax assessment for a closed facility during the second quarter of 2019, which are included within other restructuring activities below. The components of other restructuring charges consisted of the following during the three and six months ended June 30, 2020 and 2019: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Vacant facility carrying costs and lease exit charges $ 2.4 $ 1.9 $ 5.1 $ 3.2 Equipment and infrastructure removal costs 0.4 — 1.0 0.1 Gains on the sale of facilities — (2.5) (0.8) (6.0) Other restructuring activities 1.7 2.8 5.7 4.2 Other restructuring charges $ 4.5 $ 2.2 $ 11.0 $ 1.5 The restructuring charges recorded were based on plans that have been committed to by management and were, in part, based upon management’s best estimates of future events. Changes to the estimates may require future restructuring charges and adjustments to the restructuring liabilities. The Company expects to incur additional restructuring charges related to these and other initiatives. Impairment Charges The Company recognized impairment charges of $1.7 million and $4.2 million during the three and six months ended June 30, 2020, respectively, and $0.4 million and $2.1 million during the three and six months ended June 30, 2019, respectively. The impairment charges were primarily for machinery and equipment no longer being utilized in production as a result of facility consolidations, as well as other capacity reduction restructuring activities. The fair values of the impaired assets were determined by the Company to be Level 3 under the fair value hierarchy (see Note 13, “Financial Instruments and Fair Value Measurements,” for the definition of Level 3 inputs) and were estimated based on broker quotes, internal expertise related to current marketplace conditions and estimated future discounted cash flows. These assets were adjusted to their estimated fair values at the time of impairment. If estimated fair values subsequently decline, the carrying values of the assets are adjusted accordingly. Transaction-Related Charges The Company incurs transaction-related charges primarily consisting of professional service fees related to business acquisition and divestiture activities. Transaction-related charges of $0.3 million and $0.8 million were recorded during the three and six months ended June 30, 2020, respectively, and $2.7 million and $4.2 million were recorded during the three and six months ended June 30, 2019, respectively. Restructuring Reserves Activity impacting the Company’s restructuring reserves for the six months ended June 30, 2020, was as follows: Employee Impairment Transaction-Related Integration Other Total Balance at December 31, 2019 $ 9.9 $ — $ 0.8 $ 0.2 $ 13.6 $ 24.5 Expense, net 22.1 4.2 0.8 1.1 11.0 39.2 Cash payments, net (16.8) — (1.1) (1.1) (6.6) (25.6) Non-cash adjustments/reclassifications and translation 0.1 (4.2) — — (0.4) (4.5) Balance at June 30, 2020 $ 15.3 $ — $ 0.5 $ 0.2 $ 17.6 $ 33.6

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in a business combination. Goodwill is assigned to specific reporting units and is tested annually for impairment as of October 31 or more frequently if events or changes in circumstances indicate that it is more likely than not that the fair value of a reporting unit is below its carrying value. Due to the decline in the Company’s stock price and the uncertainty and impacts of the COVID-19 pandemic on the Company and the global economy, an interim goodwill impairment test was completed on the goodwill in the Core Print and Related Services reporting unit during the first quarter of 2020. Fair value was determined using an equal weighting of both the income and market approaches. Under the income approach, the Company determined fair value based on estimated future cash flows discounted by an estimated weighted-average cost of capital, which reflects the overall level of inherent risk and the rate of return an outside investor would expect to earn. Under the market approach, the Company derived the fair value of the reporting units based on market multiples of comparable publicly-traded companies. This fair value determination was categorized as Level 3 in the fair value hierarchy (see Note 13, “Financial Instruments and Fair Value Measurements,” for the definition of Level 3 inputs). As a result of the interim goodwill impairment test performed during the first quarter of 2020, the Company determined the fair value of the Core Print and Related Services reporting unit exceeded the carrying value, and therefore no impairment was recorded. No indicators of impairment were identified in any of the Company's reporting units during the three months ended June 30, 2020. The accumulated goodwill impairment losses and the carrying value of goodwill at June 30, 2020, and December 31, 2019, were as follows: United States Print and Related Services International Total Goodwill $ 881.3 $ 30.0 $ 911.3 Accumulated goodwill impairment loss (778.3) (30.0) (808.3) Goodwill, net of accumulated goodwill impairment loss $ 103.0 $ — $ 103.0 Other Intangible Assets The components of finite-lived intangible assets at June 30, 2020, and December 31, 2019, were as follows: June 30, 2020 December 31, 2019 Weighted Gross Accumulated Net Book Weighted Gross Accumulated Net Book Trademarks, patents, licenses and agreements 6 $ 67.7 $ (37.0) $ 30.7 6 $ 68.6 $ (33.6) $ 35.0 Capitalized software 5 16.6 (10.1) 6.5 5 16.1 (8.5) 7.6 Acquired Technology 5 2.9 (0.2) 2.7 — — — — Customer relationships 6 561.4 (478.8) 82.6 6 562.1 (467.5) 94.6 Total $ 648.6 $ (526.1) $ 122.5 $ 646.8 $ (509.6) $ 137.2 The gross carrying amount and accumulated amortization within other intangible assets—net in the condensed consolidated balance sheets at June 30, 2020, and December 31, 2019, differs from the value originally recorded at acquisition due to impairment charges recorded in prior years and the effects of currency fluctuations since the purchase date. Other intangible assets are evaluated for potential impairment whenever events or circumstances indicate that the carrying value may not be recoverable. There were no impairment charges recorded on finite-lived intangible assets for the three and six months ended June 30, 2020 and 2019. Amortization expense for other intangible assets was $9.9 million and $19.8 million for the three and six months ended June 30, 2020, respectively, and $11.3 million and $22.9 million for the three and six months ended June 30, 2019, respectively. The estimated future amortization expense related to other intangible assets as of June 30, 2020, was as follows: Amortization Expense Remainder of 2020 $ 20.2 2021 31.6 2022 28.9 2023 25.0 2024 14.4 2025 and thereafter 2.4 Total $ 122.5

Receivables

Receivables	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Receivables	Receivables The Company adopted ASU 2016-13 as of January 1, 2020, using a modified retrospective transition approach and has recorded a cumulative-effect transition adjustment to accumulated deficit as of January 1, 2020. The transition adjustment of $6.3 million to accumulated deficit included an $8.4 million increase in the allowance for credit losses, partially offset by a $2.1 million increase in deferred tax benefit. The transition had no impact to the condensed consolidated statement of operations. Prior to granting credit, the Company evaluates each client in an underwriting process, taking into consideration the prospective client’s financial condition, past payment experience, credit bureau information and other financial and qualitative factors that may affect the client’s ability to pay. Specific credit reviews and standard industry credit scoring models are used in performing this evaluation. Clients’ financial condition is continuously monitored as part of the normal course of business. Some of the Company’s clients are highly leveraged or otherwise subject to their own operating and regulatory risks. Specific client provisions are made when a review of significant outstanding amounts, utilizing information about client creditworthiness, as well as current and future economic trends based on reasonable forecasts, indicates that collection is doubtful. The Company also records a general provision based on the overall risk profile of the receivables and through the assessment of reasonable economic forecasts. The risk profile is assessed on a quarterly basis using various methods, including external resources and credit scoring models. Accounts that are deemed uncollectible are written off when all reasonable collection efforts have been exhausted. The Company has recorded credit loss expense of $1.0 million and $6.0 million during the three and six months ended June 30, 2020, respectively, and $0.9 million and $1.7 million during the three and six months ended June 30, 2019, respectively, which is included in selling, general and administrative expenses in the condensed consolidated statements of operations. Receivables are stated net of allowances for credit losses in the condensed consolidated balance sheets. Based on the clients’ account reviews and the continued uncertainty of the global economy, the Company has established an allowance for credit losses of $36.7 million as of June 30, 2020, and $25.0 million as of December 31, 2019. Activity impacting the allowance for credit losses for the six months ended June 30, 2020, was as follows: Allowance for Credit Losses Balance at December 31, 2019 $ 25.0 Transition adjustment for adoption of ASU 2016-13 8.4 Balance at January 1, 2020 33.4 Provisions 6.0 Write-offs (3.2) Translation and other 0.5 Balance at June 30, 2020 $ 36.7

Inventories

Inventories	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories at June 30, 2020, and December 31, 2019, were as follows: June 30, December 31, Raw materials and manufacturing supplies $ 99.7 $ 112.2 Work in process 30.6 41.2 Finished goods 39.2 57.1 Total $ 169.5 $ 210.5

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment The components of property, plant and equipment at June 30, 2020, and December 31, 2019, were as follows: June 30, December 31, Land $ 101.2 $ 102.5 Buildings 844.5 846.1 Machinery and equipment 3,312.9 3,337.1 Other (1) 177.7 175.7 Construction in progress 26.8 35.0 Property, plant and equipment—gross $ 4,463.1 $ 4,496.4 Less: accumulated depreciation (3,485.2) (3,459.9) Property, plant and equipment—net $ 977.9 $ 1,036.5 ______________________________ (1) Other consists of computer equipment, vehicles, furniture and fixtures, leasehold improvements and communication-related equipment. The Company recorded impairment charges of $1.7 million and $4.2 million during the three and six months ended June 30, 2020, respectively, and $0.4 million and $2.1 million during the three and six months ended June 30, 2019, respectively, to reduce the carrying amounts of certain property, plant and equipment no longer utilized in production to fair value (see Note 5, “Restructuring, Impairment and Transaction-Related Charges,” for further discussion on impairment charges). The Company recognized depreciation expense of $36.8 million and $74.3 million for the three and six months ended June 30, 2020, respectively, and $41.6 million and $84.2 million for the three and six months ended June 30, 2019, respectively. Assets Held for Sale from Continuing Operations

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation The Company is named as a defendant in various lawsuits in which claims are asserted against the Company in the normal course of business. The liabilities, if any, which ultimately result from such lawsuits are not expected by management to have a material impact on the condensed consolidated financial statements of the Company. Environmental Reserves The Company is subject to various laws, regulations and government policies relating to health and safety, to the generation, storage, transportation, and disposal of hazardous substances, and to environmental protection in general. The Company provides for expenses associated with environmental remediation obligations when such amounts are probable and can be reasonably estimated. Such reserves are adjusted as new information develops or as circumstances change. The environmental reserves are not discounted. The Company believes it is in compliance with such laws, regulations and government policies in all material respects. Furthermore, the Company does not anticipate that maintaining compliance with such environmental statutes will have a material impact upon the Company’s condensed consolidated financial position.

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt	Debt The components of long-term debt as of June 30, 2020, and December 31, 2019, were as follows: June 30, December 31, Master note and security agreement $ 21.3 $ 70.7 Term Loan A 768.3 768.3 Revolving credit facility — — Senior unsecured notes 238.7 243.5 International term loans 13.8 16.5 International revolving credit facilities 5.0 5.7 Other 2.6 3.1 Debt issuance costs (8.1) (9.3) Total debt $ 1,041.6 $ 1,098.5 Less: short-term debt and current portion of long-term debt (57.9) (40.0) Long-term debt $ 983.7 $ 1,058.5 Fair Value of Debt Based upon the interest rates available to the Company for borrowings with similar terms and maturities, the fair value of the Company’s total debt was approximately $1.0 billion and $1.1 billion at June 30, 2020 and December 31, 2019, respectively. The fair value determination of the Company’s total debt was categorized as Level 2 in the fair value hierarchy (see Note 13, “Financial Instruments and Fair Value Measurements,” for the definition of Level 2 inputs). Senior Secured Credit Facility Amendment The Company completed the fourth amendment to the April 28, 2014 Senior Secured Credit Facility on June 29, 2020. The Senior Secured Credit Facility was amended to (a) provide for certain financial covenant relief through the fiscal quarter ending September 30, 2021 (the “Covenant Relief Period”); (b) reduce the aggregate amount of the existing revolving credit facility from $800.0 million to $500.0 million; (c) make certain adjustments to pricing such as the addition of a 0.75% London Interbank Offered Rate (“LIBOR”) floor; and (d) prohibit repurchases of capital stock and payments of cash dividends during the Covenant Relief Period. Certain amendments were also made to the quarterly financial covenants to which the Company is subject, which are further described below. The Senior Secured Credit Facility remains secured by substantially all of the unencumbered assets of the Company. The Senior Secured Credit Facility also requires the Company to provide additional collateral to the lenders in certain limited circumstances. Master Note and Security Agreement Tender The Company redeemed $37.6 million of its senior notes under the Master Note and Security Agreement, at par (the outstanding principal balance as of the date of payment), during the six months ended June 30, 2020. There was no direct gain or loss recognized as a result of the tender as all notes were redeemed at par; however, $0.2 million of unamortized debt issuance costs related to the tendered notes were recognized as a loss on debt extinguishment during the six months ended June 30, 2020. All tendered senior notes under the Master Note and Security Agreement were canceled. The Company used cash flows from operating activities and borrowings under its revolving credit facility to fund the tender. The tender was primarily completed to reallocate debt to the lower interest rate revolving credit facility and thereby reduce interest expense based on current LIBOR rates. Senior Unsecured Notes Repurchases The Company repurchased $4.7 million of its outstanding unsecured 7.0% senior notes due May 1, 2022 (the “Senior Unsecured Notes”) in the open market, resulting in a net gain on debt extinguishment of $0.8 million during the six months ended June 30, 2020. All repurchased Senior Unsecured Notes were canceled. The Company used cash flows from operating activities and borrowings under its revolving credit facility to fund the repurchases. These repurchases were primarily completed to reallocate debt to the lower interest rate revolving credit facility and thereby reduce interest expense based on current LIBOR rates. Debt Issuance Costs Activity impacting the Company’s debt issuance costs for the six months ended June 30, 2020, was as follows: Capitalized Debt Balance at December 31, 2019 $ 9.3 Debt issuance costs from June 29, 2020 debt financing arrangement 2.6 Loss on debt extinguishment from January 31, 2019 debt financing arrangement (2.3) Loss on debt extinguishment from Master Note and Security Tender (0.2) Amortization of debt issuance costs (1.3) Balance at June 30, 2020 $ 8.1 Loss on Debt Extinguishment The loss on debt extinguishment recorded during the six months ended June 30, 2020, was comprised of the following: 2020 Loss on Debt Extinguishment Debt issuance costs from January 31, 2019 debt financing arrangement $ 2.3 Debt issuance costs from June 29, 2020 debt financing arrangement 0.1 Loss on debt extinguishment from Master Note and Security Tender 0.2 Gain on debt extinguishment from Senior Unsecured Note Repurchases (0.8) Total $ 1.8 The Company completed the third amendment to the April 28, 2014 Senior Secured Credit Facility on January 31, 2019, which resulted in a loss on debt extinguishment recorded during the six months ended June 30, 2019, and was comprised of the following: 2019 Loss on Debt Extinguishment Debt issuance costs: Debt issuance costs from February 10, 2017 debt financing arrangement $ 0.7 Debt issuance costs from January 31, 2019 debt financing arrangement 14.2 Original issue discount: Original issue discount from February 10, 2017 debt financing arrangement 1.0 Total $ 15.9 Covenants and Compliance The Company’s various lending arrangements include certain financial covenants (all financial terms, numbers and ratios are as defined in the Company’s debt agreements, as amended to date). Among these covenants, the Company was required to maintain the following as of June 30, 2020: • Maximum Total Net Leverage Ratio. On a rolling twelve-month basis, the Maximum Total Net Leverage Ratio, defined as consolidated total indebtedness, net of no more than $75.0 million of unrestricted cash, to consolidated EBITDA, shall not exceed (i) 4.25 to 1.00 for the quarters ending June 30, 2020 and September 30, 2020, (ii) 4.50 to 1.00 for the quarters ending December 31, 2020 and March 31, 2021, (iii) 4.25 to 1.00 for the quarter ending June 30, 2021, and (iv) 4.125 to 1.00 for the quarter ending September 30, 2021 (for the twelve months ended June 30, 2020, the Company’s Maximum Total Net Leverage Ratio was 3.12 to 1.00). After the Covenant Relief Period, the Company will be required to comply with the Total Leverage Ratio covenant, defined as consolidated total indebtedness to consolidated EBITDA which shall not exceed 3.75 to 1.00. • If there is any amount outstanding on the Revolving Credit Facility or Term Loan A, or if any lender has any revolving credit exposure or Term Loan A credit exposure, the Company is required to maintain the following: ◦ Senior Secured Leverage Ratio. On a rolling twelve-month basis, the Senior Secured Leverage Ratio, defined as consolidated senior secured net indebtedness to consolidated EBITDA, shall not exceed 3.50 to 1.00 (for the twelve months ended June 30, 2020, the Company’s Senior Secured Leverage Ratio was 2.38 to 1.00). ◦ Interest Coverage Ratio. On a rolling twelve-month basis, the Interest Coverage Ratio, defined as consolidated EBITDA to cash consolidated interest expense, shall not be less than 3.00 to 1.00 (for the twelve months ended June 30, 2020, the Company’s Interest Coverage Ratio was 4.89 to 1.00). The indenture underlying the Senior Unsecured Notes contains various covenants, including, but not limited to, covenants that, subject to certain exceptions, limit the Company’s and its restricted subsidiaries’ ability to incur and/or guarantee additional debt; pay dividends, repurchase stock or make certain other restricted payments; enter into agreements limiting dividends and certain other restricted payments; prepay, redeem or repurchase subordinated debt; grant liens on assets; enter into sale and leaseback transactions; merge, consolidate, transfer or dispose of substantially all of the Company’s consolidated assets; sell, transfer or otherwise dispose of property and assets; and engage in transactions with affiliates. In addition to those covenants, the Senior Secured Credit Facility also includes certain limitations on acquisitions, indebtedness, liens, dividends and repurchases of capital stock. The following limitations utilize a Total Net Leverage Ratio calculation, which, on a rolling twelve-month basis, is defined as consolidated net indebtedness to consolidated EBITDA (for the twelve months ended June 30, 2020, the Company’s Total Net Leverage Ratio was 3.12 to 1.00). • If the Company’s Total Net Leverage Ratio is greater than 2.75 to 1.00, the Company is prohibited from making greater than $60.0 million of annual dividend payments, capital stock repurchases and certain other payments. If the Total Net Leverage Ratio is less than 2.75 to 1.00, there are no such restrictions, provided, however, that no such restricted payments shall be made during the Covenant Relief Period. As the Company’s Total Net Leverage Ratio as of June 30, 2020, was 3.12 to 1.00, and we are in the Covenant Relief Period, the limitations described above are currently applicable. • If the Company’s Senior Secured Leverage Ratio is greater than 3.00 to 1.00 or the Company’s Total Net Leverage Ratio is greater than 3.50 to 1.00, the Company is prohibited from voluntarily prepaying any of the Senior Unsecured Notes and from voluntarily prepaying any other unsecured or subordinated indebtedness, with certain exceptions (including any mandatory prepayments on the Senior Unsecured Notes or any other unsecured or subordinated debt). If the senior Secured Leverage Ratio is less than 3.00 to 1.00 and the Total Net Leverage Ratio is less than 3.50 to 1.00, there are no such restrictions. The limitations described above are currently not applicable, as the Company’s Senior Secured Leverage Ratio was 2.38 to 1.00 and the Total Net Leverage Ratio was 3.12 to 1.00, as of June 30, 2020.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company records income tax expense (benefit) on an interim basis. The estimated effective income tax rate is adjusted quarterly, and items discrete to a specific quarter are reflected in income tax expense (benefit) for that interim period. Tax allocable to continuing operations is calculated without regard to the tax effects of income and losses allocable to discontinued operations under the incremental approach. The effective income tax rate for the interim period can differ from the statutory tax rate, as it reflects discrete items, such as changes in the liability for unrecognized tax benefits related to the establishment and settlement of income tax exposures and benefits related to share-based compensation. The Company currently has various open tax audits in multiple jurisdictions. From time to time, the Company will receive tax assessments as part of the process. Based on the information available as of June 30, 2020, the Company has recorded its best estimate of the potential settlements of these audits. Actual results could differ from the estimated amounts. The Company’s liability for unrecognized tax benefits as of June 30, 2020, was $40.1 million, an increase of $22.3 million from $17.8 million as of December 31, 2019, primarily related to a 2019 tax return filing position. As of June 30, 2020, $18.9 million of unrecognized tax benefits would impact the Company’s effective tax rate, if recognized. The Company anticipates a $1.3 million decrease to its liability for unrecognized tax benefits within the next twelve months due to the resolution of income tax audits or statute expirations.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	Financial Instruments and Fair Value Measurements Certain assets and liabilities are required to be recorded at fair value on a recurring basis, while other assets and liabilities are recorded at fair value on a nonrecurring basis, generally as a result of acquisitions or impairment charges. Fair value is determined based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. GAAP also classifies the inputs used to measure fair value into the following hierarchy: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. Level 3: Unobservable inputs for the asset or liability. There were no recurring Level 3 fair value measurements of assets or liabilities as of June 30, 2020. Interest Rate Swaps The Company currently holds two interest rate swap contracts. The purpose of entering into the contracts was to reduce the variability of cash flows from interest payments related to a portion of Quad’s variable-rate debt. The interest rate swaps were previously designated as cash flow hedges as they effectively converted the notional value of the Company’s variable rate debt based on one-month LIBOR to a fixed rate, including a spread on underlying debt, and a monthly reset in the variable interest rate. However, the Company amended its Senior Secured Credit Facility during the second quarter of 2020, which added a 0.75% LIBOR floor to the Company’s variable rate debt, changing the critical terms of the hedged instrument. Due to this change in critical terms, the Company has elected to de-designate the swaps as cash flow hedges, resulting in future changes in fair value being recognized in interest expense. The balance of the accumulated other comprehensive loss attributable to the interest rate swaps as of June 30, 2020, will be amortized to interest expense on a straight-line basis over the remaining lives of the swap contracts. The Company expects to reclassify $7.1 million of this balance to interest expense over the next twelve months. The key terms of the interest rate swaps are as follows: March 19, 2019 February 7, 2017 Effective date March 29, 2019 February 28, 2017 Termination date March 28, 2024 February 28, 2022 Term 5 years 5 years Notional amount $130.0 $250.0 Fixed swap rate 2.43% 1.89% The Company classifies the interest rate swaps as Level 2 because the inputs into the valuation model are observable or can be derived or corroborated utilizing observable market data at commonly quoted intervals. The fair value of the interest rate swaps classified as Level 2 as of June 30, 2020, and December 31, 2019, were as follows: Balance Sheet Location June 30, 2020 December 31, 2019 Interest rate swap assets Prepaid expenses and other current assets $ — $ — Interest rate swap liabilities Other long-term liabilities $ (17.6) $ (6.4) Prior to the Company’s de-designation of the interest rate swaps as cash flow hedges, the interest rate swaps were considered highly effective, with no amount of ineffectiveness recorded into earnings. The changes in the fair value of the interest rate swaps have been included in other comprehensive loss in the condensed consolidated statements of comprehensive loss through the first quarter of 2020, and have been recorded as an adjustment to interest expense in the condensed consolidated statements of operations in the periods thereafter. The cash flows associated with the interest rate swaps have been recognized as an adjustment to interest expense in the condensed consolidated statements of operations: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Cash Flow Impacts Net interest paid (received) $ 1.5 $ (0.4) $ 1.9 $ (0.8) Impacts with Swaps as Hedging Instruments Loss recognized in other comprehensive loss — (6.9) (11.1) (10.6) Impacts with Swaps as Nonhedging Instruments Loss recognized in interest expense excluded from hedge effectiveness assessments (0.1) — (0.1) — Foreign Exchange Contracts The Company has operations in countries that have transactions outside their functional currencies and periodically enters into foreign exchange contracts. These contracts are used to hedge the net exposures of changes in foreign currency exchange rates and are designated as either cash flow hedges or fair value hedges. Gains or losses on net foreign currency hedges are intended to offset losses or gains on the underlying net exposures in an effort to reduce the earnings volatility resulting from fluctuating foreign currency exchange rates. There were no open foreign currency exchange contracts as of June 30, 2020. Natural Gas Forward Contracts The Company periodically enters into natural gas forward purchase contracts to hedge against increases in commodity costs. The Company’s commodity contracts qualified for the exception related to normal purchases and sales during the three and six months ended June 30, 2020 and 2019, as the Company takes delivery in the normal course of business. Debt The Company measures fair value on its debt instruments using interest rates available to the Company for borrowings with similar terms and maturities and is categorized as Level 2. See Note 11, “Debt,” for the fair value of the Company’s debt as of June 30, 2020. Nonrecurring Fair Value Measurements In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company is required to record certain assets and liabilities at fair value on a nonrecurring basis, generally as a result of acquisitions or the remeasurement of assets resulting in impairment charges. See Note 3, “Acquisitions and Strategic Investments,” for further discussion on acquisitions. See Note 4, “Discontinued Operations”; Note 5, “Restructuring, Impairment and Transaction-Related Charges”; Note 6, “Goodwill and Other Intangible Assets”; and Note 9, “Property, Plant and Equipment” for further discussion on impairment charges recorded as a result of the remeasurement of certain long-lived assets. Other Estimated Fair Value Measurements The Company records the fair value of its forward contracts and pension plan assets on a recurring basis. The fair value of cash and cash equivalents, receivables, inventories, accounts payable and other current liabilities approximate their carrying values as of June 30, 2020, and December 31, 2019.

Accrued Liabilities and Other L

Accrued Liabilities and Other Long-Term Liabilities	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Accrued Liabilities and Other Long-Term Liabilities	Other Current and Long-Term Liabilities The components of other current and long-term liabilities as of June 30, 2020, and December 31, 2019, were as follows: June 30, 2020 December 31, 2019 Other Current Liabilities Other Total Other Current Liabilities Other Total Employee-related liabilities (1) $ 99.1 $ 58.5 $ 157.6 $ 129.4 $ 61.9 $ 191.3 Single employer pension plan obligations 1.8 69.4 71.2 1.8 77.1 78.9 Multiemployer pension plans – withdrawal liability 4.9 34.0 38.9 8.4 35.7 44.1 Tax-related liabilities 23.7 33.6 57.3 24.6 10.7 35.3 Restructuring liabilities 25.8 6.7 32.5 15.8 7.4 23.2 Interest and rent liabilities 4.1 0.2 4.3 4.9 0.2 5.1 Interest rate swap liabilities — 17.6 17.6 — 6.4 6.4 Liabilities held for sale from continuing operations (2) — — — 17.9 — 17.9 Other 87.8 18.0 105.8 100.2 21.7 121.9 Total $ 247.2 $ 238.0 $ 485.2 $ 303.0 $ 221.1 $ 524.1 ______________________________ (1) Employee-related liabilities consist primarily of payroll, bonus, vacation, health and workers’ compensation.

Employee Retirement Plans

Employee Retirement Plans	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Employee Retirement Plans	Employee Retirement Plans Defined Contribution Plans The Quad/Graphics, Inc. Employee Stock Ownership Plan (“ESOP”) holds profit sharing contributions of Company stock, which are made at the discretion of the Company’s Board of Directors. There were no profit sharing contributions during the three and six months ended June 30, 2020 and 2019. Pension Plans The Company assumed various funded and unfunded frozen pension plans for a portion of its full-time employees in the United States as part of the acquisition of World Color Press Inc. (“World Color Press”) in 2010. Benefits are generally based upon years of service and compensation. These plans are funded in conformity with the applicable government regulations. The Company funds at least the minimum amount required for all qualified plans using actuarial cost methods and assumptions acceptable under government regulations. The components of net pension income for the three and six months ended June 30, 2020 and 2019, were as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Interest cost $ (3.4) $ (4.4) $ (6.8) $ (8.8) Expected return on plan assets 6.0 5.9 12.1 11.8 Net pension income $ 2.6 $ 1.5 $ 5.3 $ 3.0 The Company made $1.0 million in benefit payments to its non-qualified defined benefit pension plans and made $1.3 million in contributions to its qualified defined benefit pension plans during the six months ended June 30, 2020. The CARES Act allows organizations to delay required 2020 quarterly contributions until January 1, 2021, with interest, but without penalty. The Company expects to delay its future quarterly contributions to its qualified defined benefit plan until January 1, 2021. Multiemployer Pension Plans (“MEPPs”)

Earnings (Loss) Per Share Attri

Earnings (Loss) Per Share Attributable to Quad/Graphics Common Shareholders	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings (Loss) Per Share Attributable to Quad/Graphics Common Shareholders	Loss Per Share Attributable to Quad Common Shareholders Basic earnings (loss) per share attributable to Quad common shareholders is computed as net earnings (loss) attributable to Quad common shareholders divided by the basic weighted average common shares outstanding. The calculation of diluted earnings (loss) per share attributable to Quad common shareholders includes the effect of any dilutive equity incentive instruments. The Company uses the treasury stock method to calculate the effect of outstanding dilutive equity incentive instruments, which requires the Company to compute total proceeds as the sum of the amount the employee must pay upon exercise of the award and the amount of unearned stock-based compensation costs attributable to future services. Equity incentive instruments for which the total employee proceeds from exercise exceed the average fair value of the same equity incentive instrument over the period have an anti-dilutive effect on earnings per share during periods with net earnings from continuing operations, and accordingly, the Company excludes them from the calculation. Due to the net loss incurred during the three and six months ended June 30, 2020 and 2019, the assumed exercise of all equity incentive instruments was anti-dilutive and therefore, not included in the diluted loss per share calculation. Reconciliations of the numerator and the denominator of the basic and diluted per share computations for the Company’s common stock, including the impact of discontinued operations, for the three and six months ended June 30, 2020 and 2019, are summarized as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Numerator Net loss from continuing operations $ (15.0) $ (3.1) $ (23.6) $ (15.8) Less: net earnings (loss) attributable to noncontrolling interests (0.2) 0.1 (0.2) (0.2) Net loss from continuing operations attributable to Quad common shareholders (14.8) (3.2) (23.4) (15.6) Loss from discontinued operations, net of tax (8.7) (11.6) (12.5) (21.7) Net loss attributable to Quad common shareholders $ (23.5) $ (14.8) $ (35.9) $ (37.3) Denominator Basic weighted average number of common shares outstanding for all classes of common shares 50.7 50.1 50.6 49.9 Plus: effect of dilutive equity incentive instruments — — — — Diluted weighted average number of common shares outstanding for all classes of common shares 50.7 50.1 50.6 49.9 Loss per share attributable to Quad common shareholders Basic and diluted: Continuing operations $ (0.29) $ (0.07) $ (0.46) $ (0.31) Discontinued operations (0.17) (0.23) (0.25) (0.44) Basic and diluted loss per share attributable to Quad common shareholders $ (0.46) $ (0.30) $ (0.71) $ (0.75) Cash dividends paid per common share for all classes of common shares $ — $ 0.30 $ 0.15 $ 0.60

Equity Incentive Programs

Equity Incentive Programs	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Equity Incentive Programs	Equity Incentive ProgramsThe shareholders of the Company approved the Quad/Graphics, Inc. 2020 Omnibus Incentive Plan (the “2020 Plan”) at the Company’s annual meeting of shareholders held on May 18, 2020, (the “Annual Meeting”) for two complementary purposes: (1) to attract and retain outstanding individuals to serve as directors, officers and employees; and (2) to increase shareholder value. The Company’s previous plan, the Quad/Graphics, Inc. 2010 Omnibus Plan (the “2010 Plan”), was terminated on the date of approval of the 2020 Plan, and no new awards will be granted under the 2010 Plan. All awards that were granted under the 2010 Plan that were outstanding as of May 18, 2020, will remain outstanding and will continue to be governed by the 2010 Plan. The 2020 Plan provides for an aggregate 3,000,000 shares of class A common stock reserved for issuance, plus shares still available for issuance or re-credited under the 2010 Plan. Awards under the 2020 Plan may consist of incentive awards, stock options, stock appreciation rights, performance shares, performance share units, shares of class A common stock, restricted stock (“RS”), restricted stock units (“RSU”), deferred stock units (“DSU”) or other stock-based awards as determined by the Company’s Board of Directors. Each stock option granted has an exercise price of no less than 100% of the fair market value of the class A common stock on the date of grant. There were 3,481,420 shares of class A common stock reserved for issuance under the 2020 Plan as of June 30, 2020, including 3,000,000 shares of class A common stock that were approved for issuance at the Annual Meeting and 481,420 shares of class A common stock that were remaining and available for issuance that transferred from the 2010 Plan. Authorized unissued shares or treasury shares may be used for issuance under the Company’s equity incentive programs. The Company plans to either use treasury shares of its class A common stock or issue shares of class A common stock to meet the stock requirements of its awards in the future. The Company recognizes compensation expense based on estimated grant date fair values for all share-based awards issued to employees and non-employee directors, including stock options, performance shares, performance share units, RS awards, RSU awards and DSU awards. The Company recognizes these compensation costs for only those awards expected to vest, on a straight-line basis over the requisite three four Equity Incentive Compensation Expense Equity incentive compensation expense was recorded primarily in selling, general and administrative expenses in the condensed consolidated statements of operations and includes expense (income) recognized for liability awards that are remeasured on a quarterly basis. The total compensation expense recognized related to all equity incentive programs for the three and six months ended June 30, 2020, was as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 RS and RSU equity awards expense $ 2.7 $ 3.3 $ 4.8 $ 7.4 RSU liability awards expense (income) 0.1 (0.6) (0.2) (0.6) DSU awards expense — — 1.0 0.9 Total equity incentive compensation expense $ 2.8 $ 2.7 $ 5.6 $ 7.7 Total future compensation expense related to all equity incentive programs granted as of June 30, 2020, was estimated to be $14.4 million, which consists entirely of expense for RS and RSU awards. Estimated future compensation expense is $5.2 million for the remainder of 2020, $6.7 million for 2021, $2.2 million for 2022 and $0.3 million for 2023. Stock Options Options vest over four years, with no vesting in the first year and one-third vesting upon the second, third and fourth anniversary dates. As defined in the individual grant agreements, acceleration of vesting may occur under a change in control, death, disability or normal retirement of the grantee. Options expire no later than the tenth anniversary of the grant date, 24 months after termination for death, 36 months after termination for normal retirement or disability and 90 days after termination of employment for any other reason. Options are not credited with dividend declarations, except for the November 18, 2011 grants. Stock options are only to be granted to employees. There were no stock options granted, and no compensation expense was recognized related to stock options for the three and six months ended June 30, 2020 and 2019. There is no future compensation expense for stock options as of June 30, 2020. The following table is a summary of the stock option activity for the six months ended June 30, 2020: Shares Under Weighted Average Weighted Average Aggregate Outstanding at December 31, 2019 790,237 $ 25.27 1.1 $ — Granted — — Exercised — — Canceled/forfeited/expired (226,762) 16.79 Outstanding and exercisable at June 30, 2020 563,475 $ 28.68 0.9 $ — The intrinsic value of options outstanding and exercisable at June 30, 2020, and December 31, 2019, was based on the fair value of the stock price. All outstanding options are vested as of June 30, 2020. There were no stock options exercised during the three and six months ended June 30, 2020 and 2019. Restricted Stock and Restricted Stock Units Restricted stock and restricted stock unit awards consist of shares or the rights to shares of the Company’s class A common stock which are awarded to employees of the Company. The awards are restricted such that they are subject to substantial risk of forfeiture and to restrictions on their sale or other transfer by the employee. RSU awards are typically granted to eligible employees outside of the United States. As defined in the individual grant agreements, acceleration of vesting may occur under a change in control, death, disability or normal retirement of the grantee. Grantees receiving RS awards are able to exercise full voting rights and receive full credit for dividends during the vesting period. All such dividends will be paid to the RS grantee within 45 days of full vesting. Grantees receiving RSU awards are not entitled to vote, but do earn dividends. Upon vesting, RSU awards will be settled either through cash payment equal to the fair market value of the RSU awards on the vesting date or through issuance of the Company’s class A common stock. In general, RS and RSU awards will vest on the third anniversary of the grant date, provided the holder of the share is continuously employed by the Company until the vesting date. The following table is a summary of RS and RSU award activity for the six months ended June 30, 2020: Restricted Stock Restricted Stock Units Shares Weighted- Weighted- Units Weighted- Weighted- Nonvested at December 31, 2019 2,623,971 $ 17.82 1.5 230,621 $ 14.75 1.9 Granted 1,091,299 4.67 45,353 4.67 Vested (547,883) 26.88 (25,228) 26.88 Forfeited (152,515) 14.23 (1,208) 12.32 Nonvested at June 30, 2020 3,014,872 $ 11.60 1.8 249,538 $ 11.70 1.8 In the first quarter of 2019, the Company issued RSU awards in connection with the acquisition of Periscope that are accounted for as liability awards that will vest on March 1, 2022. The awards were recorded at fair value on the initial issuance date and are remeasured to fair value at each reporting period, with the change in fair value being recorded in selling, general and administrative expense in the condensed consolidated statements of operations. As of June 30, 2020, the fair value of the RSU awards classified as liabilities was $0.4 million and was included in other long-term liabilities on the condensed consolidated balance sheets. Deferred Stock Units Deferred stock units are awards of rights to shares of the Company’s class A common stock and are awarded to non-employee directors of the Company. The following table is a summary of DSU award activity for the six months ended June 30, 2020: Deferred Stock Units Units Weighted-Average Grant Date Fair Value Per Share Outstanding at December 31, 2019 314,658 $ 16.22 Granted 204,088 4.67 Dividend equivalents granted 21,145 3.40 Settled (38,930) 19.81 Outstanding at June 30, 2020 500,961 $ 10.69 Each DSU award entitles the grantee to receive one share of class A common stock upon the earlier of the separation date of the grantee or the second anniversary of the grant date, but could be subject to acceleration for a change in control, death or disability as defined in the individual DSU grant agreement. Grantees of DSU awards may not exercise voting rights, but are credited with dividend equivalents, and those dividend equivalents will be converted into additional DSU awards based on the closing price of the class A common stock. As DSU awards are fully vested on the grant date, all compensation expense is recognized at the date of grant.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity The Company has three classes of common stock as follows (share data in millions): Issued Common Stock Authorized Shares Outstanding Treasury Total Issued Shares Class A stock ($0.025 par value) June 30, 2020 105.0 40.2 0.2 40.4 December 31, 2019 105.0 39.2 1.1 40.3 Class B stock ($0.025 par value) June 30, 2020 80.0 13.5 — 13.5 December 31, 2019 80.0 13.5 — 13.5 Class C stock ($0.025 par value) June 30, 2020 20.0 — 0.5 0.5 December 31, 2019 20.0 — 0.5 0.5 In accordance with the Articles of Incorporation, each class A common share has one vote per share and each class B and class C common share has ten votes per share on all matters voted upon by the Company’s shareholders. Liquidation rights are the same for all three classes of common stock. The Company also has 0.5 million shares of $0.01 par value preferred stock authorized, of which none were issued at June 30, 2020, and December 31, 2019. The Company has no present plans to issue any preferred stock. On July 30, 2018, the Company’s Board of Directors authorized a share repurchase program of up to $100.0 million of the Company’s outstanding class A common stock. There were no shares repurchased during the three and six months ended June 30, 2020, or during the three and six months ended June 30, 2019. As of June 30, 2020, there were $100.0 million of authorized repurchases remaining under the program. The Company is currently prohibited from repurchasing capital stock through the Covenant Relief Period, in accordance with the fourth amendment to the April 28, 2014 Senior Secured Credit Facility, completed on June 29, 2020 (see Note 11. “Debt,” for more details on the amendment and timing of the Covenant Relief Period). In accordance with the Articles of Incorporation, dividends are paid equally for all three classes of common shares. Due to uncertainty in client demand as a result of the COVID-19 pandemic, the Company’s Board of Directors proactively suspended the Company’s quarterly dividends beginning in the second quarter of 2020, and the Company is currently prohibited from making dividend payments during the Covenant Relief Period. The dividend activity related to the then outstanding shares for the six months ended June 30, 2020 and 2019, was as follows: Declaration Date Record Date Payment Date Dividend Amount 2020 Q1 Dividend February 18, 2020 February 28, 2020 March 9, 2020 $ 0.15 2019 Q2 Dividend April 30, 2019 May 20, 2019 June 7, 2019 0.30 Q1 Dividend February 19, 2019 February 25, 2019 March 8, 2019 0.30

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss by component, net of tax, for the six months ended June 30, 2020, were as follows: Translation Adjustments Interest Rate Swap Adjustments Pension Benefit Plan Adjustments Total Balance at December 31, 2019 $ (131.0) $ (4.7) $ (31.5) $ (167.2) Other comprehensive loss before reclassifications (13.2) (8.3) — (21.5) Amounts reclassified from accumulated other comprehensive loss to net loss — — — — Net other comprehensive loss (13.2) (8.3) — (21.5) Balance at June 30, 2020 $ (144.2) $ (13.0) $ (31.5) $ (188.7) The changes in accumulated other comprehensive loss by component, net of tax, for the six months ended June 30, 2019, were as follows: Translation Adjustments Interest Rate Swap Adjustments Pension Benefit Plan Adjustments Total Balance at December 31, 2018 $ (130.0) $ 3.3 $ (25.5) $ (152.2) Other comprehensive income (loss) before reclassifications 1.8 (7.9) — (6.1) Amounts reclassified from accumulated other comprehensive loss to net loss — — — — Net other comprehensive income (loss) 1.8 (7.9) — (6.1) Balance at June 30, 2019 $ (128.2) $ (4.6) $ (25.5) $ (158.3)

Segment Information

Segment Information	6 Months Ended
	Jun. 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 June 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 six months ended June 30, 2020 and 2019: Net Sales Operating Income (Loss) from Continuing Operations Restructuring, Impairment and Transaction- Products Services Three months ended June 30, 2020 United States Print and Related Services $ 393.0 $ 133.5 $ 8.3 $ 13.4 International 54.7 3.3 (0.7) 2.8 Total operating segments 447.7 136.8 7.6 16.2 Corporate — — (10.4) 0.2 Total $ 447.7 $ 136.8 $ (2.8) $ 16.4 Three months ended June 30, 2019 United States Print and Related Services $ 653.0 $ 201.0 $ 33.5 $ 3.3 International 90.5 4.4 0.3 3.4 Total operating segments 743.5 205.4 33.8 6.7 Corporate — — (15.1) 2.7 Total $ 743.5 $ 205.4 $ 18.7 $ 9.4 Six months ended June 30, 2020 United States Print and Related Services $ 956.6 $ 306.5 $ 24.6 $ 34.2 International 136.1 7.8 (0.4) 4.1 Total operating segments 1,092.7 314.3 24.2 38.3 Corporate — — (22.0) 0.9 Total $ 1,092.7 $ 314.3 $ 2.2 $ 39.2 Six months ended June 30, 2019 United States Print and Related Services $ 1,312.6 $ 396.4 $ 62.8 $ 7.8 International 192.3 8.6 2.2 5.0 Total operating segments 1,504.9 405.0 65.0 12.8 Corporate — — (29.9) 4.2 Total $ 1,504.9 $ 405.0 $ 35.1 $ 17.0 Restructuring, impairment and transaction-related charges for the three and six months ended June 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 six months ended June 30, 2020 and 2019, was as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Operating income (loss) from continuing operations $ (2.8) $ 18.7 $ 2.2 $ 35.1 Less: interest expense 16.2 25.8 34.3 47.6 Less: net pension income (2.6) (1.5) (5.3) (3.0) Less: loss on debt extinguishment 2.4 — 1.8 15.9 Loss from continuing operations before income taxes and equity in loss of unconsolidated entity $ (18.8) $ (5.6) $ (28.6) $ (25.4)

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2020
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”), which provides optional guidance for a limited period of time to ease the potential burden in accounting for reference rate reform. ASU 2020-04 permits entities to apply certain expedients and exceptions for contracts, hedging relationships, and other transactions impacted by the anticipated transition away from the use of LIBOR or other interbank offered rates to alternative reference rates. This optional guidance is effective as of March 12, 2020, through December 31, 2022. The Company is evaluating the impact of the adoption of ASU 2020-04 on the condensed consolidated financial statements. In December 2019, the FASB issued Accounting Standards Update 2019-12 “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” (“ASU 2019-12”), which enhances and simplifies various aspects of the income tax accounting guidance, including requirements such as tax basis step-up in goodwill obtained in a transaction that is not a business combination, ownership changes in investments, accounting for hybrid tax regimes, interim-period accounting for enacted changes in tax law and limitation of tax benefit on year-to-date losses. This guidance is effective for interim and annual periods beginning after December 15, 2020, with early adoption permitted. The Company is evaluating the impact of the adoption of ASU 2019-12 on the condensed consolidated financial statements. In August 2018, the FASB issued Accounting Standards Update 2018-14 “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans” (“ASU 2018-14”), which adds, removes and clarifies year-end disclosure requirements related to defined benefit pension and other postretirement plans. This guidance is effective for annual periods ending after December 15, 2020, with early adoption permitted. This new guidance will require a retrospective adoption approach. The Company is evaluating the impact of the adoption of ASU 2018-14 on the notes to the condensed consolidated financial statements.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsSale of Versailles Book PlantOn July 1, 2020, the Company completed the sale of its Versailles, Kentucky book manufacturing plant to CJK Group, Inc., which serves book, magazine, catalog and journal publishers, for $7.9 million in cash and the assumption of approximately $3.0 million in finance lease obligations, subject to final working capital adjustments. This initiative was the first step in the previously announced strategic decision to divest the Company’s Book business to optimize its product portfolio. The Company used the proceeds from the sale to reduce debt.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fair Value Measurement	Certain assets and liabilities are required to be recorded at fair value on a recurring basis, while other assets and liabilities are recorded at fair value on a nonrecurring basis, generally as a result of acquisitions or impairment charges. Fair value is determined based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. GAAP also classifies the inputs used to measure fair value into the following hierarchy: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 2: Quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. Level 3: Unobservable inputs for the asset or liability. There were no recurring Level 3 fair value measurements of assets or liabilities as of June 30, 2020.
Earnings Per Share	The calculation of diluted earnings (loss) per share attributable to Quad common shareholders includes the effect of any dilutive equity incentive instruments. The Company uses the treasury stock method to calculate the effect of outstanding dilutive equity incentive instruments, which requires the Company to compute total proceeds as the sum of the amount the employee must pay upon exercise of the award and the amount of unearned stock-based compensation costs attributable to future services.Equity incentive instruments for which the total employee proceeds from exercise exceed the average fair value of the same equity incentive instrument over the period have an anti-dilutive effect on earnings per share during periods with net earnings from continuing operations, and accordingly, the Company excludes them from the calculation.
Share-based Compensation, Option and Incentive Plans	The Company recognizes compensation expense based on estimated grant date fair values for all share-based awards issued to employees and non-employee directors, including stock options, performance shares, performance share units, RS awards, RSU awards and DSU awards. The Company recognizes these compensation costs for only those awards expected to vest, on a straight-line basis over the requisite three four
New Accounting Pronouncements	In December 2019, the FASB issued Accounting Standards Update 2019-12 “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes” (“ASU 2019-12”), which enhances and simplifies various aspects of the income tax accounting guidance, including requirements such as tax basis step-up in goodwill obtained in a transaction that is not a business combination, ownership changes in investments, accounting for hybrid tax regimes, interim-period accounting for enacted changes in tax law and limitation of tax benefit on year-to-date losses. This guidance is effective for interim and annual periods beginning after December 15, 2020, with early adoption permitted. The Company is evaluating the impact of the adoption of ASU 2019-12 on the condensed consolidated financial statements. In August 2018, the FASB issued Accounting Standards Update 2018-14 “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans” (“ASU 2018-14”), which adds, removes and clarifies year-end disclosure requirements related to defined benefit pension and other postretirement plans. This guidance is effective for annual periods ending after December 15, 2020, with early adoption permitted. This new guidance will require a retrospective adoption approach. The Company is evaluating the impact of the adoption of ASU 2018-14 on the notes to the condensed consolidated financial statements.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table provides information about disaggregated revenue by the Company’s operating segments and major products and services offerings for the three and six months ended June 30, 2020 and 2019: United States Print and Related Services International Total Three months ended June 30, 2020 Catalog, publications, retail inserts, and directories $ 285.8 $ 44.2 $ 330.0 Direct mail and other printed products 106.5 10.3 116.8 Other 0.7 0.2 0.9 Total products 393.0 54.7 447.7 Logistics services 61.7 3.3 65.0 Imaging, marketing services and other services 71.8 — 71.8 Total services 133.5 3.3 136.8 Total net sales $ 526.5 $ 58.0 $ 584.5 Three months ended June 30, 2019 Catalog, publications, retail inserts, and directories $ 475.3 $ 74.4 $ 549.7 Direct mail and other printed products 171.8 16.0 187.8 Other 5.9 0.1 6.0 Total products 653.0 90.5 743.5 Logistics services 103.4 4.4 107.8 Imaging, marketing services and other services 97.6 — 97.6 Total services 201.0 4.4 205.4 Total net sales $ 854.0 $ 94.9 $ 948.9 Revenue Disaggregation (Continued) United States Print International Total Six months ended June 30, 2020 Catalog, publications, retail inserts, and directories $ 697.9 $ 108.9 $ 806.8 Direct mail and other printed products 256.9 26.7 283.6 Other 1.8 0.5 2.3 Total products 956.6 136.1 1,092.7 Logistics services 151.7 7.7 159.4 Imaging, marketing services and other services 154.8 0.1 154.9 Total services 306.5 7.8 314.3 Total net sales $ 1,263.1 $ 143.9 $ 1,407.0 Six months ended June 30, 2019 Catalog, publications, retail inserts, and directories $ 961.0 $ 145.7 $ 1,106.7 Direct mail and other printed products 339.2 46.4 385.6 Other 12.4 0.2 12.6 Total products 1,312.6 192.3 1,504.9 Logistics services 203.7 8.5 212.2 Imaging, marketing services and other services 192.7 0.1 192.8 Total services 396.4 8.6 405.0 Total net sales $ 1,709.0 $ 200.9 $ 1,909.9
Costs to Obtain Contracts with Customers	Activity impacting costs to obtain contracts for the six months ended June 30, 2020, was as follows: Costs to Obtain Contracts Balance at December 31, 2019 $ 12.7 Costs to obtain contracts 0.6 Amortization of costs to obtain contracts (2.5) Balance at June 30, 2020 $ 10.8

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	The following table summarizes the results of operations of the Company’s United States Book business , which are included in the loss from discontinued operations in the condensed consolidated statements of operations for the three and six months ended June 30, 2020 and 2019: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Total net sales $ 21.3 $ 54.8 $ 61.6 $ 98.5 Total cost of sales, excluding depreciation and amortization 22.0 57.3 63.1 106.1 Selling, general and administrative expenses 1.1 3.2 3.0 6.6 Depreciation and amortization — 4.3 — 9.3 Restructuring, impairment and transaction-related charges (1) 10.3 — 12.5 — Other expenses, net 0.1 0.1 0.1 0.1 Loss from discontinued operations before income taxes (12.2) (10.1) (17.1) (23.6) Income tax expense (benefit) (3.5) 1.5 (4.6) (1.9) Loss from discontinued operations, net of tax $ (8.7) $ (11.6) $ (12.5) $ (21.7) ______________________________ (1) The Company recognized $10.0 million and $11.3 million of impairment charges for tangible property, plant and equipment during the three and six months ended June 30, 2020, respectively, to reduce the carrying value of the Book business to its fair va lue. The following table summarizes the current and long-term assets and liabilities of the discontinued United States Book business that were classified as held for sale in the condensed consolidated balance sheets at June 30, 2020, and December 31, 2019: June 30, December 31, Receivables—net $ 12.8 $ 19.6 Inventories 9.4 14.0 Prepaid expenses and other current assets 13.0 23.0 Current assets of discontinued operations 35.2 56.6 Property, plant and equipment—net — — Operating lease right-of-use assets—net — 0.2 Other long-term assets — 0.3 Long-term assets of discontinued operations — 0.5 Accounts payable 5.9 7.0 Other current liabilities 4.3 8.5 Current portion of finance lease obligations 3.0 0.1 Current portion of operating lease obligations — 0.2 Current liabilities of discontinued operations 13.2 15.8 Finance lease obligations — — Other long-term liabilities 0.6 0.6 Long-term liabilities of discontinued operations 0.6 0.6

Restructuring, Impairment and_2

Restructuring, Impairment and Transaction-Related Charges (Tables)	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Schedule of Restructuring, Impairment and Transaction-Related Charges	The Company recorded restructuring, impairment and transaction-related charges for the three and six months ended June 30, 2020 and 2019, as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Employee termination charges $ 9.5 $ 3.3 $ 22.1 $ 7.6 Impairment charges 1.7 0.4 4.2 2.1 Transaction-related charges 0.3 2.7 0.8 4.2 Integration costs 0.4 0.8 1.1 1.6 Other restructuring charges 4.5 2.2 11.0 1.5 Total $ 16.4 $ 9.4 $ 39.2 $ 17.0 Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Vacant facility carrying costs and lease exit charges $ 2.4 $ 1.9 $ 5.1 $ 3.2 Equipment and infrastructure removal costs 0.4 — 1.0 0.1 Gains on the sale of facilities — (2.5) (0.8) (6.0) Other restructuring activities 1.7 2.8 5.7 4.2 Other restructuring charges $ 4.5 $ 2.2 $ 11.0 $ 1.5
Activity Impacting Reserves for Restructuring, Impairment and Transaction-Related Charges	Activity impacting the Company’s restructuring reserves for the six months ended June 30, 2020, was as follows: Employee Impairment Transaction-Related Integration Other Total Balance at December 31, 2019 $ 9.9 $ — $ 0.8 $ 0.2 $ 13.6 $ 24.5 Expense, net 22.1 4.2 0.8 1.1 11.0 39.2 Cash payments, net (16.8) — (1.1) (1.1) (6.6) (25.6) Non-cash adjustments/reclassifications and translation 0.1 (4.2) — — (0.4) (4.5) Balance at June 30, 2020 $ 15.3 $ — $ 0.5 $ 0.2 $ 17.6 $ 33.6

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Accumulated Goodwill Impairment	The accumulated goodwill impairment losses and the carrying value of goodwill at June 30, 2020, and December 31, 2019, were as follows: United States Print and Related Services International Total Goodwill $ 881.3 $ 30.0 $ 911.3 Accumulated goodwill impairment loss (778.3) (30.0) (808.3) Goodwill, net of accumulated goodwill impairment loss $ 103.0 $ — $ 103.0
Schedule of Intangible Assets	The components of finite-lived intangible assets at June 30, 2020, and December 31, 2019, were as follows: June 30, 2020 December 31, 2019 Weighted Gross Accumulated Net Book Weighted Gross Accumulated Net Book Trademarks, patents, licenses and agreements 6 $ 67.7 $ (37.0) $ 30.7 6 $ 68.6 $ (33.6) $ 35.0 Capitalized software 5 16.6 (10.1) 6.5 5 16.1 (8.5) 7.6 Acquired Technology 5 2.9 (0.2) 2.7 — — — — Customer relationships 6 561.4 (478.8) 82.6 6 562.1 (467.5) 94.6 Total $ 648.6 $ (526.1) $ 122.5 $ 646.8 $ (509.6) $ 137.2
Schedule of Estimated Future Amortization Expense Related to Intangible Assets	The estimated future amortization expense related to other intangible assets as of June 30, 2020, was as follows: Amortization Expense Remainder of 2020 $ 20.2 2021 31.6 2022 28.9 2023 25.0 2024 14.4 2025 and thereafter 2.4 Total $ 122.5

Receivables (Tables)

Receivables (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Activity Impacting Allowance for Credit Losses	Activity impacting the allowance for credit losses for the six months ended June 30, 2020, was as follows: Allowance for Credit Losses Balance at December 31, 2019 $ 25.0 Transition adjustment for adoption of ASU 2016-13 8.4 Balance at January 1, 2020 33.4 Provisions 6.0 Write-offs (3.2) Translation and other 0.5 Balance at June 30, 2020 $ 36.7

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Schedule of Components of Inventory	The components of inventories at June 30, 2020, and December 31, 2019, were as follows: June 30, December 31, Raw materials and manufacturing supplies $ 99.7 $ 112.2 Work in process 30.6 41.2 Finished goods 39.2 57.1 Total $ 169.5 $ 210.5

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Components of Property, Plant and Equipment	The components of property, plant and equipment at June 30, 2020, and December 31, 2019, were as follows: June 30, December 31, Land $ 101.2 $ 102.5 Buildings 844.5 846.1 Machinery and equipment 3,312.9 3,337.1 Other (1) 177.7 175.7 Construction in progress 26.8 35.0 Property, plant and equipment—gross $ 4,463.1 $ 4,496.4 Less: accumulated depreciation (3,485.2) (3,459.9) Property, plant and equipment—net $ 977.9 $ 1,036.5 ______________________________ (1) Other consists of computer equipment, vehicles, furniture and fixtures, leasehold improvements and communication-related equipment.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule Components of Long-Term Debt	The components of long-term debt as of June 30, 2020, and December 31, 2019, were as follows: June 30, December 31, Master note and security agreement $ 21.3 $ 70.7 Term Loan A 768.3 768.3 Revolving credit facility — — Senior unsecured notes 238.7 243.5 International term loans 13.8 16.5 International revolving credit facilities 5.0 5.7 Other 2.6 3.1 Debt issuance costs (8.1) (9.3) Total debt $ 1,041.6 $ 1,098.5 Less: short-term debt and current portion of long-term debt (57.9) (40.0) Long-term debt $ 983.7 $ 1,058.5
Schedule of Debt Issuance Costs	Activity impacting the Company’s debt issuance costs for the six months ended June 30, 2020, was as follows: Capitalized Debt Balance at December 31, 2019 $ 9.3 Debt issuance costs from June 29, 2020 debt financing arrangement 2.6 Loss on debt extinguishment from January 31, 2019 debt financing arrangement (2.3) Loss on debt extinguishment from Master Note and Security Tender (0.2) Amortization of debt issuance costs (1.3) Balance at June 30, 2020 $ 8.1
Schedule of Loss on Debt Extinguishment	The Company completed the third amendment to the April 28, 2014 Senior Secured Credit Facility on January 31, 2019, which resulted in a loss on debt extinguishment recorded during the six months ended June 30, 2019, and was comprised of the following: 2019 Loss on Debt Extinguishment Debt issuance costs: Debt issuance costs from February 10, 2017 debt financing arrangement $ 0.7 Debt issuance costs from January 31, 2019 debt financing arrangement 14.2 Original issue discount: Original issue discount from February 10, 2017 debt financing arrangement 1.0 Total $ 15.9

Accrued Liabilities and Other_2

Accrued Liabilities and Other Long-Term Liabilities (Tables)	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Schedule of Components of Other Long-Term Liabilities	The components of other current and long-term liabilities as of June 30, 2020, and December 31, 2019, were as follows: June 30, 2020 December 31, 2019 Other Current Liabilities Other Total Other Current Liabilities Other Total Employee-related liabilities (1) $ 99.1 $ 58.5 $ 157.6 $ 129.4 $ 61.9 $ 191.3 Single employer pension plan obligations 1.8 69.4 71.2 1.8 77.1 78.9 Multiemployer pension plans – withdrawal liability 4.9 34.0 38.9 8.4 35.7 44.1 Tax-related liabilities 23.7 33.6 57.3 24.6 10.7 35.3 Restructuring liabilities 25.8 6.7 32.5 15.8 7.4 23.2 Interest and rent liabilities 4.1 0.2 4.3 4.9 0.2 5.1 Interest rate swap liabilities — 17.6 17.6 — 6.4 6.4 Liabilities held for sale from continuing operations (2) — — — 17.9 — 17.9 Other 87.8 18.0 105.8 100.2 21.7 121.9 Total $ 247.2 $ 238.0 $ 485.2 $ 303.0 $ 221.1 $ 524.1 ______________________________ (1) Employee-related liabilities consist primarily of payroll, bonus, vacation, health and workers’ compensation.

Employee Retirement Plans (Tabl

Employee Retirement Plans (Tables)	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Schedule of Components of Net Pension Income	The components of net pension income for the three and six months ended June 30, 2020 and 2019, were as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Interest cost $ (3.4) $ (4.4) $ (6.8) $ (8.8) Expected return on plan assets 6.0 5.9 12.1 11.8 Net pension income $ 2.6 $ 1.5 $ 5.3 $ 3.0

Earnings (Loss) Per Share Att_2

Earnings (Loss) Per Share Attributable to Quad/Graphics Common Shareholders (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Calculation of Numerator and Denominator in Earnings Per Share	Reconciliations of the numerator and the denominator of the basic and diluted per share computations for the Company’s common stock, including the impact of discontinued operations, for the three and six months ended June 30, 2020 and 2019, are summarized as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Numerator Net loss from continuing operations $ (15.0) $ (3.1) $ (23.6) $ (15.8) Less: net earnings (loss) attributable to noncontrolling interests (0.2) 0.1 (0.2) (0.2) Net loss from continuing operations attributable to Quad common shareholders (14.8) (3.2) (23.4) (15.6) Loss from discontinued operations, net of tax (8.7) (11.6) (12.5) (21.7) Net loss attributable to Quad common shareholders $ (23.5) $ (14.8) $ (35.9) $ (37.3) Denominator Basic weighted average number of common shares outstanding for all classes of common shares 50.7 50.1 50.6 49.9 Plus: effect of dilutive equity incentive instruments — — — — Diluted weighted average number of common shares outstanding for all classes of common shares 50.7 50.1 50.6 49.9 Loss per share attributable to Quad common shareholders Basic and diluted: Continuing operations $ (0.29) $ (0.07) $ (0.46) $ (0.31) Discontinued operations (0.17) (0.23) (0.25) (0.44) Basic and diluted loss per share attributable to Quad common shareholders $ (0.46) $ (0.30) $ (0.71) $ (0.75) Cash dividends paid per common share for all classes of common shares $ — $ 0.30 $ 0.15 $ 0.60

Equity Incentive Programs (Tabl

Equity Incentive Programs (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Summary of Stock Option Activity	The following table is a summary of the stock option activity for the six months ended June 30, 2020: Shares Under Weighted Average Weighted Average Aggregate Outstanding at December 31, 2019 790,237 $ 25.27 1.1 $ — Granted — — Exercised — — Canceled/forfeited/expired (226,762) 16.79 Outstanding and exercisable at June 30, 2020 563,475 $ 28.68 0.9 $ —
Summary of RS and RSU Award Activity	The following table is a summary of RS and RSU award activity for the six months ended June 30, 2020: Restricted Stock Restricted Stock Units Shares Weighted- Weighted- Units Weighted- Weighted- Nonvested at December 31, 2019 2,623,971 $ 17.82 1.5 230,621 $ 14.75 1.9 Granted 1,091,299 4.67 45,353 4.67 Vested (547,883) 26.88 (25,228) 26.88 Forfeited (152,515) 14.23 (1,208) 12.32 Nonvested at June 30, 2020 3,014,872 $ 11.60 1.8 249,538 $ 11.70 1.8
Summary of DSU Award Activity	The following table is a summary of DSU award activity for the six months ended June 30, 2020: Deferred Stock Units Units Weighted-Average Grant Date Fair Value Per Share Outstanding at December 31, 2019 314,658 $ 16.22 Granted 204,088 4.67 Dividend equivalents granted 21,145 3.40 Settled (38,930) 19.81 Outstanding at June 30, 2020 500,961 $ 10.69

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Schedule of Stock by Class	The Company has three classes of common stock as follows (share data in millions): Issued Common Stock Authorized Shares Outstanding Treasury Total Issued Shares Class A stock ($0.025 par value) June 30, 2020 105.0 40.2 0.2 40.4 December 31, 2019 105.0 39.2 1.1 40.3 Class B stock ($0.025 par value) June 30, 2020 80.0 13.5 — 13.5 December 31, 2019 80.0 13.5 — 13.5 Class C stock ($0.025 par value) June 30, 2020 20.0 — 0.5 0.5 December 31, 2019 20.0 — 0.5 0.5
Schedule of Dividend Activity Related to the Outstanding Shares	The dividend activity related to the then outstanding shares for the six months ended June 30, 2020 and 2019, was as follows: Declaration Date Record Date Payment Date Dividend Amount 2020 Q1 Dividend February 18, 2020 February 28, 2020 March 9, 2020 $ 0.15 2019 Q2 Dividend April 30, 2019 May 20, 2019 June 7, 2019 0.30 Q1 Dividend February 19, 2019 February 25, 2019 March 8, 2019 0.30

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss By Component, Net of Tax	The changes in accumulated other comprehensive loss by component, net of tax, for the six months ended June 30, 2020, were as follows: Translation Adjustments Interest Rate Swap Adjustments Pension Benefit Plan Adjustments Total Balance at December 31, 2019 $ (131.0) $ (4.7) $ (31.5) $ (167.2) Other comprehensive loss before reclassifications (13.2) (8.3) — (21.5) Amounts reclassified from accumulated other comprehensive loss to net loss — — — — Net other comprehensive loss (13.2) (8.3) — (21.5) Balance at June 30, 2020 $ (144.2) $ (13.0) $ (31.5) $ (188.7) The changes in accumulated other comprehensive loss by component, net of tax, for the six months ended June 30, 2019, were as follows: Translation Adjustments Interest Rate Swap Adjustments Pension Benefit Plan Adjustments Total Balance at December 31, 2018 $ (130.0) $ 3.3 $ (25.5) $ (152.2) Other comprehensive income (loss) before reclassifications 1.8 (7.9) — (6.1) Amounts reclassified from accumulated other comprehensive loss to net loss — — — — Net other comprehensive income (loss) 1.8 (7.9) — (6.1) Balance at June 30, 2019 $ (128.2) $ (4.6) $ (25.5) $ (158.3)

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Summary of Segment Information	The following is a summary of segment information for the three and six months ended June 30, 2020 and 2019: Net Sales Operating Income (Loss) from Continuing Operations Restructuring, Impairment and Transaction- Products Services Three months ended June 30, 2020 United States Print and Related Services $ 393.0 $ 133.5 $ 8.3 $ 13.4 International 54.7 3.3 (0.7) 2.8 Total operating segments 447.7 136.8 7.6 16.2 Corporate — — (10.4) 0.2 Total $ 447.7 $ 136.8 $ (2.8) $ 16.4 Three months ended June 30, 2019 United States Print and Related Services $ 653.0 $ 201.0 $ 33.5 $ 3.3 International 90.5 4.4 0.3 3.4 Total operating segments 743.5 205.4 33.8 6.7 Corporate — — (15.1) 2.7 Total $ 743.5 $ 205.4 $ 18.7 $ 9.4 Six months ended June 30, 2020 United States Print and Related Services $ 956.6 $ 306.5 $ 24.6 $ 34.2 International 136.1 7.8 (0.4) 4.1 Total operating segments 1,092.7 314.3 24.2 38.3 Corporate — — (22.0) 0.9 Total $ 1,092.7 $ 314.3 $ 2.2 $ 39.2 Six months ended June 30, 2019 United States Print and Related Services $ 1,312.6 $ 396.4 $ 62.8 $ 7.8 International 192.3 8.6 2.2 5.0 Total operating segments 1,504.9 405.0 65.0 12.8 Corporate — — (29.9) 4.2 Total $ 1,504.9 $ 405.0 $ 35.1 $ 17.0
Reconciliation of Operating Income (Loss) to Earnings (Loss) Before Income Taxes and Equity in Loss of Unconsolidated Entities	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 six months ended June 30, 2020 and 2019, was as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Operating income (loss) from continuing operations $ (2.8) $ 18.7 $ 2.2 $ 35.1 Less: interest expense 16.2 25.8 34.3 47.6 Less: net pension income (2.6) (1.5) (5.3) (3.0) Less: loss on debt extinguishment 2.4 — 1.8 15.9 Loss from continuing operations before income taxes and equity in loss of unconsolidated entity $ (18.8) $ (5.6) $ (28.6) $ (25.4)

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) - COVID-19 Pandemic	Apr. 01, 2020
Chief Executive Officer
Unusual or Infrequent Item, or Both [Line Items]
Salary reduction, percent	0.50
Executive Officer
Unusual or Infrequent Item, or Both [Line Items]
Salary reduction, percent	0.35
Non-Employee Director
Unusual or Infrequent Item, or Both [Line Items]
Retainer fee reduction, percent	0.50

Revenue Recognition (Disaggrega

Revenue Recognition (Disaggregation of Revenue) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 584.5	$ 948.9	$ 1,407	$ 1,909.9
Catalog, publications, retail inserts, books and directories
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	330	549.7	806.8	1,106.7
Direct mail and other printed products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	116.8	187.8	283.6	385.6
Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0.9	6	2.3	12.6
Total Products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	447.7	743.5	1,092.7	1,504.9
Logistics services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	65	107.8	159.4	212.2
Imaging, marketing services and other services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	71.8	97.6	154.9	192.8
Total Services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	136.8	205.4	314.3	405
United States Print and Related Services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	526.5	854	1,263.1	1,709
United States Print and Related Services | Catalog, publications, retail inserts, books and directories
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	285.8	475.3	697.9	961
United States Print and Related Services | Direct mail and other printed products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	106.5	171.8	256.9	339.2
United States Print and Related Services | Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0.7	5.9	1.8	12.4
United States Print and Related Services | Total Products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	393	653	956.6	1,312.6
United States Print and Related Services | Logistics services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	61.7	103.4	151.7	203.7
United States Print and Related Services | Imaging, marketing services and other services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	71.8	97.6	154.8	192.7
United States Print and Related Services | Total Services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	133.5	201	306.5	396.4
International
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	58	94.9	143.9	200.9
International | Catalog, publications, retail inserts, books and directories
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	44.2	74.4	108.9	145.7
International | Direct mail and other printed products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	10.3	16	26.7	46.4
International | Other
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0.2	0.1	0.5	0.2
International | Total Products
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	54.7	90.5	136.1	192.3
International | Logistics services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	3.3	4.4	7.7	8.5
International | Imaging, marketing services and other services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	0	0	0.1	0.1
International | Total Services
Disaggregation of Revenue [Line Items]
Revenue from contract with customer	$ 3.3	$ 4.4	$ 7.8	$ 8.6

Revenue Recognition (Costs to O

Revenue Recognition (Costs to Obtain Contracts) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Change in Capitalized Contract Costs [Roll Forward]
Balance at January 1, 2020	$ 12.7
Costs to obtain contracts	0.6
Amortization of costs to obtain contracts	(2.5)
Balance at June 30, 2020	$ 10.8

Acquisitions and Strategic In_2

Acquisitions and Strategic Investments (Change in Ownership in Rise Interactive) (Details) - Rise Interactive - USD ($) $ in Millions	Jun. 15, 2020	Jun. 16, 2020
Business Acquisition [Line Items]
Notes payable issued for purchase price	$ 15.9
Cash paid for acquisition	$ 1
Other Owner
Business Acquisition [Line Items]
Ownership interest by noncontrolling interests	43.00%	1.00%
Minimum | Quad/Graphics, Inc.
Business Acquisition [Line Items]
Ownership interest	57.00%
Maximum | Quad/Graphics, Inc.
Business Acquisition [Line Items]
Ownership interest	99.00%
Rise Interactive
Business Acquisition [Line Items]
Stock repurchased and retired during period, value	$ 5.4

Acquisitions and Strategic In_3

Acquisitions and Strategic Investments (Periscope) (Details) - USD ($) $ in Millions	Jan. 03, 2019	Jun. 30, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill		$ 103	$ 103
Periscope Acquisition
Business Acquisition [Line Items]
Cash paid for acquisition	$ 121
Preliminary purchase price	134
Acquired cash	9.8
Non-cash equity incentive awards	3.2
Identifiable finite-lived intangibles acquired	69.8
Goodwill	58.5
Goodwill, tax deductible portion	$ 52.7
Minimum | Periscope Acquisition
Business Acquisition [Line Items]
Finite-lived intangible assets useful life	5 years
Maximum | Periscope Acquisition
Business Acquisition [Line Items]
Finite-lived intangible assets useful life	6 years

Acquisitions and Strategic In_4

Acquisitions and Strategic Investments (Ivie and Associates Acquisition) (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill	$ 103	$ 103

Discontinued Operations (Detail

Discontinued Operations (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)facility	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Assets, Current [Abstract]
Current assets of discontinued operations	$ 35.2		$ 35.2		$ 56.6
Assets, Noncurrent [Abstract]
Long-term assets of discontinued operations	0		0		0.5
Liabilities, Current [Abstract]
Current liabilities of discontinued operations	13.2		13.2		15.8
Liabilities, Noncurrent [Abstract]
Long-term liabilities of discontinued operations	$ 0.6		0.6		0.6
United States Book Business | Discontinued Operations, Held-for-sale
Loss from Discontinued Operations
Number of facilities | facility	3
Total net sales	$ 21.3	$ 54.8	61.6	$ 98.5
Total cost of sales, excluding depreciation and amortization	22	57.3	63.1	106.1
Selling, general and administrative expenses	1.1	3.2	3	6.6
Depreciation and amortization	0	4.3	0	9.3
Restructuring, impairment and transaction-related charges	10.3	0	12.5	0
Loss from discontinued operations before income taxes	(12.2)	(10.1)	(17.1)	(23.6)
Income tax expense (benefit)	(3.5)	1.5	(4.6)	(1.9)
Other expenses, net	0.1	0.1	0.1	0.1
Loss from discontinued operations, net of tax	(8.7)	$ (11.6)	(12.5)	(21.7)
Impairment of tangible property, plant, and equipment	10		11.3
Cash Flows from Discontinued Operations
Cash flows used in operating activities			(0.4)	11.8
Cash flows used in investing activities			1.6	$ 11.1
Assets, Current [Abstract]
Receivables—net	12.8		12.8		19.6
Inventories	9.4		9.4		14
Prepaid expenses and other current assets	13		13		23
Current assets of discontinued operations	35.2		35.2		56.6
Assets, Noncurrent [Abstract]
Property, plant and equipment—net	0		0		0
Operating lease right-of-use assets—net	0		0		0.2
Other long-term assets	0		0		0.3
Long-term assets of discontinued operations	0		0		0.5
Liabilities, Current [Abstract]
Accounts payable	5.9		5.9		7
Other current liabilities	4.3		4.3		8.5
Current portion of finance lease obligations	3		3		0.1
Current portion of operating lease obligations	0		0		0.2
Current liabilities of discontinued operations	13.2		13.2		15.8
Liabilities, Noncurrent [Abstract]
Finance lease obligations	0		0		0
Other long-term liabilities	0.6		0.6		0.6
Long-term liabilities of discontinued operations	$ 0.6		$ 0.6		$ 0.6

Restructuring, Impairment and_3

Restructuring, Impairment and Transaction-Related Charges (Schedule of Restructuring, Impairment and Transaction-Related Charges) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
Employee termination charges	$ 9.5	$ 3.3	$ 22.1	$ 7.6
Impairment charges	1.7	0.4	4.2	2.1
Transaction-related charges	0.3	2.7	0.8	4.2
Integration costs	0.4	0.8	1.1	1.6
Other restructuring charges	4.5	2.2	11	1.5
Total	$ 16.4	$ 9.4	$ 39.2	$ 17

Restructuring, Impairment and_4

Restructuring, Impairment and Transaction-Related Charges (Restructuring, Impairment and Transaction-Related Charges) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)plant	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)plant	Jun. 30, 2019USD ($)
Restructuring Cost and Reserve [Line Items]
Gain from sale of properties	$ 2.9
Value-added tax assessment			$ 39.2
Impairment charges	1.7	$ 0.4	4.2	$ 2.1
Transaction-related charges	0.3	2.7	0.8	4.2
Employee termination charges	$ 9.5	3.3	$ 22.1	$ 7.6
Value Added Tax Assessment
Restructuring Cost and Reserve [Line Items]
Value-added tax assessment		$ 2.3
2010 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Number of plant closures | plant	47		47

Restructuring, Impairment and_5

Restructuring, Impairment and Transaction-Related Charges (Schedule of Other Restructuring (Income) Charges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restructuring Cost and Reserve [Line Items]
Gain from sale of properties	$ (2.9)
Other restructuring charges	4.5	$ 2.2	$ 11	$ 1.5
Facilities Idled
Restructuring Cost and Reserve [Line Items]
Vacant facility carrying costs and lease exit charges	2.4	1.9	5.1	3.2
Equipment and Infrastructure Removal Charges
Restructuring Cost and Reserve [Line Items]
Equipment and infrastructure removal costs	0.4	0	1	0.1
Sale of facilities
Restructuring Cost and Reserve [Line Items]
Gain from sale of properties	0	(2.5)	(0.8)	(6)
Other restructuring charges
Restructuring Cost and Reserve [Line Items]
Other restructuring activities	$ 1.7	$ 2.8	$ 5.7	$ 4.2

Restructuring, Impairment and_6

Restructuring, Impairment and Transaction-Related Charges (Schedule of Restructuring Reserves) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Restructuring Reserve [Roll Forward]
Balance, beginning of period	$ 24.5
Expense, net	39.2
Cash payments, net	(25.6)
Non-cash adjustments/reclassifications and translation	(4.5)
Balance, end of period	33.6
Other Current Liabilities
Restructuring Reserve [Roll Forward]
Balance, beginning of period	15.8
Balance, end of period	25.8
Short-term restructuring reserve	(25.8)
Accounts Payable
Restructuring Reserve [Roll Forward]
Short-term restructuring reserve	(1.1)
Other Long-Term Liabilities
Restructuring Reserve [Roll Forward]
Balance, beginning of period	7.4
Balance, end of period	6.7
Long-term restructuring reserve	(6.7)
Employee Termination Charges
Restructuring Reserve [Roll Forward]
Balance, beginning of period	9.9
Expense, net	22.1
Cash payments, net	(16.8)
Non-cash adjustments/reclassifications and translation	0.1
Balance, end of period	15.3
Impairment Charges
Restructuring Reserve [Roll Forward]
Balance, beginning of period	0
Expense, net	4.2
Cash payments, net	0
Non-cash adjustments/reclassifications and translation	(4.2)
Balance, end of period	0
Transaction-Related Charges
Restructuring Reserve [Roll Forward]
Balance, beginning of period	0.8
Expense, net	0.8
Cash payments, net	(1.1)
Non-cash adjustments/reclassifications and translation	0
Balance, end of period	0.5
Integration Costs
Restructuring Reserve [Roll Forward]
Balance, beginning of period	0.2
Expense, net	1.1
Cash payments, net	(1.1)
Non-cash adjustments/reclassifications and translation	0
Balance, end of period	0.2
Other Restructuring Charges
Restructuring Reserve [Roll Forward]
Balance, beginning of period	13.6
Expense, net	11
Cash payments, net	(6.6)
Non-cash adjustments/reclassifications and translation	(0.4)
Balance, end of period	$ 17.6

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Goodwill [Line Items]
Impairment of intangible assets			$ 0	$ 0
Amortization expense of intangible assets	$ 9,900,000	$ 11,300,000	$ 19,800,000	$ 22,900,000

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Schedule of Goodwill) (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Goodwill [Line Items]
Goodwill, Gross	$ 911.3
Accumulated goodwill impairment loss	(808.3)
Goodwill	103	$ 103
United States Print and Related Services
Goodwill [Line Items]
Goodwill, Gross	881.3
Accumulated goodwill impairment loss	(778.3)
Goodwill	103
International
Goodwill [Line Items]
Goodwill, Gross	30
Accumulated goodwill impairment loss	(30)
Goodwill	$ 0

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Schedule of Intangible Assets, Excluding Goodwill) (Details) - USD ($) $ in Millions	6 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2019	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 648.6			$ 646.8
Accumulated Amortization	(526.1)			(509.6)
Net Book Value	$ 122.5			137.2
Trademarks, patents, licenses and agreements
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	6 years	6 years
Gross Carrying Amount	$ 67.7			68.6
Accumulated Amortization	(37)			(33.6)
Net Book Value	$ 30.7			35
Capitalized software
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	5 years	5 years
Gross Carrying Amount	$ 16.6			16.1
Accumulated Amortization	(10.1)			(8.5)
Net Book Value	$ 6.5			7.6
Acquired Technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	5 years		0 years
Gross Carrying Amount	$ 2.9			0
Accumulated Amortization	(0.2)			0
Net Book Value	$ 2.7			0
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	6 years	6 years
Gross Carrying Amount	$ 561.4			562.1
Accumulated Amortization	(478.8)			(467.5)
Net Book Value	$ 82.6			$ 94.6

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Schedule of Finite-Lived Intangible Assets, Future Amortization Expense) (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2020	$ 20.2
2021	31.6
2022	28.9
2023	25
2024	14.4
2025 and thereafter	2.4
Net Book Value	$ 122.5	$ 137.2

Receivables (Details)

Receivables (Details) - USD ($) $ in Millions	Jan. 01, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accumulated deficit		$ 473.6		$ 473.6		$ 423.5
Allowances for doubtful accounts		36.7		36.7		$ 25
Deferred income taxes				6.8	$ (21.2)
Provisions		$ 1	$ 0.9	$ 6	$ 1.7
Accounting Standards Update 2016-13
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accumulated deficit	$ 6.3
Allowances for doubtful accounts	8.4
Deferred income taxes	$ (2.1)

Receivables - Rollforward (Deta

Receivables - Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period			$ 25
Provisions	$ 1	$ 0.9	6	$ 1.7
Write-offs			(3.2)
Translation and other			0.5
Balance at end of period	$ 36.7		36.7
Cumulative Effect, Period Of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period			8.4
Cumulative Effect, Period Of Adoption, Adjusted Balance
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period			$ 33.4

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials and manufacturing supplies	$ 99.7	$ 112.2
Work in process	30.6	41.2
Finished goods	39.2	57.1
Total	$ 169.5	$ 210.5

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 4,463.1		$ 4,463.1		$ 4,496.4
Less: accumulated depreciation	(3,485.2)		(3,485.2)		(3,459.9)
Property, plant and equipment—net	977.9		977.9		1,036.5
Tangible asset impairment charges	1.7	$ 0.4	4.2	$ 2.1
Depreciation expense	36.8	$ 41.6	74.3	$ 84.2
Current assets of discontinued operations	0		0		59.3
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	101.2		101.2		102.5
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	844.5		844.5		846.1
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	3,312.9		3,312.9		3,337.1
Other
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	177.7		177.7		175.7
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 26.8		$ 26.8		$ 35

Debt (Schedule of Long-term Deb

Debt (Schedule of Long-term Debt) (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total debt	$ 1,041.6	$ 1,098.5
Debt issuance costs	(8.1)	(9.3)
Less: short-term debt and current portion of long-term debt	(57.9)	(40)
Long-term debt	983.7	1,058.5
Master note and security agreement
Debt Instrument [Line Items]
Total debt	21.3	70.7
Term Loan A
Debt Instrument [Line Items]
Total debt	768.3	768.3
Revolving credit facility
Debt Instrument [Line Items]
Total debt	0	0
Senior unsecured notes
Debt Instrument [Line Items]
Total debt	238.7	243.5
International term loans
Debt Instrument [Line Items]
Total debt	13.8	16.5
International revolving credit facilities
Debt Instrument [Line Items]
Total debt	5	5.7
Other
Debt Instrument [Line Items]
Total debt	$ 2.6	$ 3.1

Debt (Debt Transactions Narrati

Debt (Debt Transactions Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 29, 2020	Jun. 28, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Fair value of company debt	$ 1,000,000,000		$ 1,000,000,000				$ 1,100,000,000
Loss on debt extinguishment	2,400,000	$ 0	1,800,000	$ 15,900,000
Master note and security agreement
Debt Instrument [Line Items]
Debt redeemed			37,600,000
Loss on debt extinguishment			200,000
Senior Unsecured Notes
Debt Instrument [Line Items]
Loss on debt extinguishment			(800,000)
Amount of debt repurchased	$ 4,700,000		$ 4,700,000
Interest rate, percentage	7.00%		7.00%
Financing Arrangement, January 2019
Debt Instrument [Line Items]
Loss on debt extinguishment			$ 2,300,000	$ 14,200,000
Third Amendment To Senior Secured Credit Facility | Revolving credit facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity						$ 800,000,000
Fourth Amendment To Senior Secured Credit Facility | Revolving credit facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					$ 500,000,000
LIBOR interest rate floor					0.75%

Debt (Schedule of Debt Issuance

Debt (Schedule of Debt Issuance Costs) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Debt Issuance Costs [Roll Forward]
Balance at December 31, 2019			$ 9.3
Debt issuance costs from June 29, 2020 debt financing arrangement			2.7	$ 20.2
Loss on debt extinguishment	$ 2.4	$ 0	1.8	15.9
Amortization of debt issuance costs			(1.3)
Balance at June 30, 2020	$ 8.1		8.1
Financing Arrangement, January 2019
Debt Issuance Costs [Roll Forward]
Loss on debt extinguishment			2.3	14.2
Financing Arrangement, February 2017
Debt Issuance Costs [Roll Forward]
Loss on debt extinguishment				$ 0.7
Master note and security agreement
Debt Issuance Costs [Roll Forward]
Loss on debt extinguishment			0.2
Financing Arrangement, June 2020
Debt Issuance Costs [Roll Forward]
Debt issuance costs from June 29, 2020 debt financing arrangement			2.6
Loss on debt extinguishment			$ 0.1

Debt (Schedule of Loss on Debt

Debt (Schedule of Loss on Debt Extinguishment) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Extinguishment of Debt [Line Items]
Less: loss on debt extinguishment	$ 2.4	$ 0	$ 1.8	$ 15.9
Total				15.9
Financing Arrangement, January 2019
Extinguishment of Debt [Line Items]
Less: loss on debt extinguishment			2.3	14.2
Financing Arrangement, June 2020
Extinguishment of Debt [Line Items]
Less: loss on debt extinguishment			0.1
Master note and security agreement
Extinguishment of Debt [Line Items]
Less: loss on debt extinguishment			0.2
Senior Unsecured Notes
Extinguishment of Debt [Line Items]
Less: loss on debt extinguishment			$ (0.8)
Financing Arrangement, February 2017
Extinguishment of Debt [Line Items]
Less: loss on debt extinguishment				0.7
Original issue discount from January 31, 2019 debt financing arrangement				$ 1

Debt (Debt Covenants and Compli

Debt (Debt Covenants and Compliance) (Details)	6 Months Ended
	Jun. 30, 2020USD ($)	Oct. 01, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Cash and cash equivalents	$ 70,200,000							$ 78,700,000
Senior secured leverage ratio to consolidated EBITDA	2.38
Ratio of interest coverage	4.89
Actual total leverage ratio	3.12
Financing Agreement Senior Secured Credit Facility
Debt Instrument [Line Items]
Maximum annual dividend payment	$ 60,000,000
Maximum
Debt Instrument [Line Items]
Senior secured leverage ratio to consolidated EBITDA	3.50
Maximum | Financing Agreement Senior Secured Credit Facility
Debt Instrument [Line Items]
Total leverage ratio	2.75
Senior secured leverage ratio	3
Total leverage ratio on unsecured debt	3.50
Minimum
Debt Instrument [Line Items]
Ratio of interest coverage, covenant compliance	3
Senior Unsecured Notes
Debt Instrument [Line Items]
Interest rate, percentage	7.00%
Senior Secured Credit Facility
Debt Instrument [Line Items]
Cash and cash equivalents	$ 75,000,000
Total leverage ratio, covenant compliance	3.12
Senior Secured Credit Facility | Subsequent Event
Debt Instrument [Line Items]
Total leverage ratio, covenant compliance			4.125	4.25	4.50	4.50	4.25
Senior Secured Credit Facility | Maximum | Subsequent Event
Debt Instrument [Line Items]
Total leverage ratio, covenant compliance		3.75

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Unusual or Infrequent Item, or Both [Line Items]
Liability for unrecognized tax benefits	$ 40.1		$ 40.1		$ 17.8
Increase in unrecognized tax benefits			22.3
Unrecognized tax benefits that would impact effective tax rate	18.9		18.9
Anticipated decrease in unrecognized tax benefits within the next twelve months	1.3		1.3
Income tax benefit	$ 4.3	$ 3.2	5.5	$ 10.4
Coronavirus Aid, Relief, And Economic Security Act (CARES Act)
Unusual or Infrequent Item, or Both [Line Items]
Income tax benefit			$ 5.2

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements - Interest Rate Swaps (Details) - USD ($)	Mar. 29, 2019	Feb. 28, 2017	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 29, 2020	Dec. 31, 2019	Mar. 19, 2019	Feb. 07, 2017
Derivative [Line Items]
Balance of accumulated other comprehensive loss related to interest rate swaps expected to be reclassified during next twelve months			$ 7,100,000		$ 7,100,000
Change in fair value of interest rate swap			0	$ (6,900,000)	(11,100,000)	$ (10,600,000)
Revolving credit facility | Fourth Amendment To Senior Secured Credit Facility
Derivative [Line Items]
LIBOR interest rate floor							0.75%
Interest Rate Swap
Derivative [Line Items]
Term	5 years	5 years
Derivative, Notional Amount									$ 130,000,000	$ 250,000,000
Fixed swap rate									2.43%	1.89%
Cash flow hedge ineffectiveness recorded in earnings					0
Prepaid Expenses and Other Current Assets | Interest Rate Swap
Derivative [Line Items]
Interest rate swap assets			0		0			$ 0
Other Long Term Liabilities | Interest Rate Swap
Derivative [Line Items]
Interest rate swap liabilities			(17,600,000)		(17,600,000)			$ (6,400,000)
Interest Expense | Interest Rate Swap
Derivative [Line Items]
Interest income (expense) on interest rate swap			1,500,000	(400,000)	1,900,000	(800,000)
Loss recognized in interest expense excluded from hedge effectiveness assessments			(100,000)	0	(100,000)	0
Other Comprehensive Income (Loss) | Interest Rate Swap
Derivative [Line Items]
Change in fair value of interest rate swap			$ 0	$ (6,900,000)	$ (11,100,000)	$ (10,600,000)

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements - Foreign Exchange Contracts (Details)	Jun. 30, 2020contract
Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	0

Accrued Liabilities and Other_3

Accrued Liabilities and Other Long-Term Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Schedule of Accrued Liabilities and Other Long-Term Liabilities [Line Items]
Multiemployer pension plans – withdrawal liability	$ 38.9
Restructuring liabilities	33.6	$ 24.5
Other Current Liabilities
Schedule of Accrued Liabilities and Other Long-Term Liabilities [Line Items]
Employee-related liabilities	99.1	129.4
Single employer pension plan obligations	1.8	1.8
Multiemployer pension plans – withdrawal liability	4.9	8.4
Tax-related liabilities	23.7	24.6
Restructuring liabilities	25.8	15.8
Interest and rent liabilities	4.1	4.9
Interest rate swap liabilities	0	0
Liabilities held for sale from continuing operations	0	17.9
Other	87.8	100.2
Total	247.2	303
Other Long-Term Liabilities
Schedule of Accrued Liabilities and Other Long-Term Liabilities [Line Items]
Employee-related liabilities	58.5	61.9
Single employer pension plan obligations	69.4	77.1
Multiemployer pension plans – withdrawal liability	34	35.7
Tax-related liabilities	33.6	10.7
Restructuring liabilities	6.7	7.4
Interest and rent liabilities	0.2	0.2
Interest rate swap liabilities	17.6	6.4
Liabilities held for sale from continuing operations	0	0
Other	18	21.7
Total	238	221.1
Total
Schedule of Accrued Liabilities and Other Long-Term Liabilities [Line Items]
Employee-related liabilities	157.6	191.3
Single employer pension plan obligations	71.2	78.9
Multiemployer pension plans – withdrawal liability	38.9	44.1
Tax-related liabilities	57.3	35.3
Restructuring liabilities	32.5	23.2
Interest and rent liabilities	4.3	5.1
Interest rate swap liabilities	17.6	6.4
Liabilities held for sale from continuing operations	0	17.9
Other	105.8	121.9
Total	$ 485.2	$ 524.1

Employee Retirement Plans (Defi

Employee Retirement Plans (Defined Contribution Plans) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Retirement Benefits [Abstract]
Employee stock ownership plan contribution expense	$ 0	$ 0	$ 0	$ 0

Employee Retirement Plans (Pens

Employee Retirement Plans (Pension Plans) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net pension income	$ 2.6	$ 1.5	$ 5.3	$ 3
Pension Plans
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Interest cost	(3.4)	(4.4)	(6.8)	(8.8)
Expected return on plan assets	6	5.9	12.1	11.8
Net pension income	$ 2.6	$ 1.5	5.3	$ 3
Pension Plans | Non-qualified
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Benefit payments on non-qualified pension plans			1
Pension Plans | Qualified
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Contributions on qualified pension plans			$ 1.3

Employee Retirement Plans (Mult

Employee Retirement Plans (Multiemployer Pension Plans) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)plan	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Multiemployer Plans [Line Items]
Number of underfunded plans | plan	2
Withdrawal obligation	$ 38.9
Payments to multiemployer pension plans	6.8	$ 5.2
Other Long-Term Liabilities
Multiemployer Plans [Line Items]
Withdrawal obligation	34		$ 35.7
Other Current Liabilities
Multiemployer Plans [Line Items]
Withdrawal obligation	$ 4.9		$ 8.4

Earnings (Loss) Per Share Att_3

Earnings (Loss) Per Share Attributable to Quad/Graphics Common Shareholders (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net loss from continuing operations	$ (15)	$ (3.1)	$ (23.6)	$ (15.8)
Less: net earnings (loss) attributable to noncontrolling interests	(0.2)	0.1	(0.2)	(0.2)
Net loss from continuing operations attributable to Quad common shareholders	(14.8)	(3.2)	(23.4)	(15.6)
Numerator
Net loss attributable to Quad common shareholders	(23.5)	(14.8)	(35.9)	(37.3)
Loss from discontinued operations, net of tax	$ (8.7)	$ (11.6)	$ (12.5)	$ (21.7)
Denominator
Basic weighted average number of common shares outstanding for all classes of common shares (in shares)	50.7	50.1	50.6	49.9
Plus: effect of dilutive equity incentive instruments (in shares)	0	0	0	0
Diluted weighted average number of common shares outstanding for all classes of common shares (in shares)	50.7	50.1	50.6	49.9
Loss per share attributable to Quad common shareholders
Earnings (loss) per share attributable to Quad common shareholders, basic, continuing operations (USD per share)	$ (0.29)	$ (0.07)	$ (0.46)	$ (0.31)
Earnings (loss) per share attributable to Quad common shareholders, basic, discontinued operations (USD per share)	(0.17)	(0.23)	(0.25)	(0.44)
Cash dividends paid per common share for all classes of common shares (USD per share)	$ 0	$ 0.30	$ 0.15	$ 0.60

Equity Incentive Programs (Equi

Equity Incentive Programs (Equity Incentive Programs and Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 2.8	$ 2.7	$ 5.6	$ 7.7
Income from remeasurement of liabilities	(0.1)	$ 0.6	0.2	$ 0.6
Estimated future compensation expense	14.4		$ 14.4
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			4 years
Estimated Future Expense in 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated future compensation expense	5.2		$ 5.2
Estimated Future Expense in 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated future compensation expense	6.7		6.7
Estimated Future Expense in 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated future compensation expense	2.2		2.2
Estimated Future Expense in 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated future compensation expense	$ 0.3		$ 0.3
2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate shares of common stock reserved (in shares)	3,000,000		3,000,000
Stock option exercise price floor of fair market value of class A common stock (percent)			100.00%
Shares available for issuance (in shares)	3,481,420		3,481,420
2020 Plan, Transferred From 2010 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance (in shares)	481,420		481,420

Equity Incentive Programs (Stoc

Equity Incentive Programs (Stock Options Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated future compensation expense	$ 14,400,000		$ 14,400,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			4 years
Options granted (in shares)	0	0	0	0
Compensation expense	$ 0	$ 0	$ 0	$ 0
Estimated future compensation expense	0		0
Proceeds from stock options exercised	$ 0	$ 0	$ 0	$ 0
Annual Anniversary Grant Date of Award | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Earliest expiration period of award after event			10 years
Termination for Death | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Earliest expiration period of award after event			24 months
Termination for Retirement or Disability | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Earliest expiration period of award after event			36 months
Employment Terminated, Any Other Reason | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Earliest expiration period of award after event			90 days
Vested in the first year | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of options vested			0.00%
Vested in the second year | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of options vested			33.33%
Vested in third year | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of options vested			33.33%
Vested in fourth year | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of options vested			33.33%

Equity Incentive Programs (Sche

Equity Incentive Programs (Schedule of Stock Option Activity Roll Forward) (Details) - Stock Options - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Shares Under Option
Outstanding at beginning of period (in shares)			790,237
Granted (in shares)	0	0	0	0
Exercised (in shares)			0
Canceled/forfeited/expired (in shares)			(226,762)
Outstanding at end of period (in shares)	563,475		563,475
Weighted Average Exercise Price
Outstanding at beginning of period (in dollars per share)			$ 25.27
Granted (in dollars per share)			0
Exercised (in dollars per share)			0
Canceled/forfeited/expired (in dollars per share)			16.79
Outstanding at end of period (in dollars per share)	$ 28.68		$ 28.68
Weighted Average Remaining Contractual Term (years)
Outstanding at beginning of period (in years)			10 months 24 days	1 year 1 month 6 days
Outstanding at end of period (in years)			10 months 24 days	1 year 1 month 6 days
Aggregate Intrinsic Value (millions)
Outstanding at beginning of period			$ 0
Outstanding at end of period	$ 0		$ 0

Equity Incentive Programs (Rest

Equity Incentive Programs (Restricted Stock and Restricted Stock Unit Activity Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Income from remeasurement of liabilities	$ (0.1)	$ 0.6	$ 0.2	$ 0.6
Restricted Stock and Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of days dividends will be paid after vesting, maximum			45 days
Award vesting period			3 years
Compensation expense	2.7	$ 3.3	$ 4.8	$ 7.4
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs classified as liability	$ 0.4		$ 0.4

Equity Incentive Programs (Sc_2

Equity Incentive Programs (Schedule of Restricted Stock and Restricted Stock Unit Award Activity) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested at beginning of period (in shares)		2,623,971
Granted (in shares)		1,091,299
Vested (in shares)		(547,883)
Forfeited (in shares)		(152,515)
Nonvested at end of period (in shares)	3,014,872	3,014,872		2,623,971
Weighted- Average Grant Date Fair Value Per Share
Nonvested at beginning of period (in dollars per share)		$ 17.82
Granted (in dollars per share)		4.67
Vested (in dollars per share)		26.88
Forfeited (in dollars per share)		14.23
Nonvested at end of period (in dollars per share)	$ 11.60	$ 11.60		$ 17.82
Weighted- Average Remaining Contractual Term (years)
Nonvested at beginning of period		1 year 9 months 18 days		1 year 6 months
Nonvested at end of period		1 year 9 months 18 days		1 year 6 months
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested at beginning of period (in shares)		230,621
Granted (in shares)		45,353
Vested (in shares)		(25,228)
Forfeited (in shares)		(1,208)
Nonvested at end of period (in shares)	249,538	249,538		230,621
Weighted- Average Grant Date Fair Value Per Share
Nonvested at beginning of period (in dollars per share)		$ 14.75
Granted (in dollars per share)		4.67
Vested (in dollars per share)		26.88
Forfeited (in dollars per share)		12.32
Nonvested at end of period (in dollars per share)	$ 11.70	$ 11.70		$ 14.75
Weighted- Average Remaining Contractual Term (years)
Nonvested at beginning of period		1 year 9 months 18 days		1 year 10 months 24 days
Nonvested at end of period		1 year 9 months 18 days		1 year 10 months 24 days
Deferred Stock Units (DSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (in shares)		204,088
Weighted- Average Grant Date Fair Value Per Share
Granted (in dollars per share)		$ 4.67
Weighted- Average Remaining Contractual Term (years)
Compensation expense	$ 0	$ 1	$ 0.9

Equity Incentive Programs (Defe

Equity Incentive Programs (Deferred Stock Unit Activity) (Details) - Deferred Stock Units (DSUs)	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Units
Outstanding at beginning of period (in shares)	314,658
Granted (in shares)	204,088
Dividend equivalents granted (in shares)	21,145
Settled (in shares)	(38,930)
Outstanding at end of period (in shares)	500,961
Weighted-Average Grant Date Fair Value Per Share
Outstanding at beginning of period (in dollars per share) | $ / shares	$ 16.22
Granted (in dollars per share) | $ / shares	4.67
Dividend equivalents granted (in dollars per share) | $ / shares	3.40
Settled (in dollars per share) | $ / shares	19.81
Outstanding at end of period (in dollars per share) | $ / shares	$ 10.69
Number of DSU to class A common share conversion (in shares)	1

Shareholders' Equity (Schedule

Shareholders' Equity (Schedule of Stock by Class) (Details)	Jun. 30, 2020vote$ / sharesshares	Dec. 31, 2019$ / sharesshares
Common Class A
Class of Stock [Line Items]
Common stock, par value (in dollars per share) | $ / shares	$ 0.025	$ 0.025
Authorized Shares	105,000,000	105,000,000
Outstanding	40,200,000	39,200,000
Treasury	200,000	1,100,000
Total Issued Shares	40,400,000	40,300,000
Number of votes | vote	1
Common Class B
Class of Stock [Line Items]
Common stock, par value (in dollars per share) | $ / shares	$ 0.025	$ 0.025
Authorized Shares	80,000,000	80,000,000
Outstanding	13,500,000	13,500,000
Treasury	0	0
Total Issued Shares	13,500,000	13,500,000
Number of votes | vote	10
Common Class C
Class of Stock [Line Items]
Common stock, par value (in dollars per share) | $ / shares	$ 0.025	$ 0.025
Authorized Shares	20,000,000	20,000,000
Outstanding	0	0
Treasury	500,000	500,000
Total Issued Shares	500,000	500,000
Number of votes | vote	10

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative and Dividends) (Details)	3 Months Ended				6 Months Ended
	Jun. 30, 2020USD ($)stock_classvote$ / sharesshares	Mar. 31, 2020$ / shares	Jun. 30, 2019USD ($)$ / sharesshares	Mar. 31, 2019$ / shares	Jun. 30, 2020USD ($)stock_classvote$ / sharesshares	Jun. 30, 2019USD ($)shares	Dec. 31, 2019$ / sharesshares	Jul. 30, 2018USD ($)
Shareholders' Equity [Line Items]
Number of classes of common stock | stock_class	3				3
Preferred stock, authorized shares	500,000				500,000		500,000
Preferred stock, par value (in dollars per share) | $ / shares	$ 0.01				$ 0.01		$ 0.01
Preferred stock, issued shares	0				0		0
Employee stock ownership plan contribution expense | $	$ 0		$ 0		$ 0	$ 0
Cash dividend declared (USD per share) | $ / shares	$ 0.15	$ 0.15	$ 0.30	$ 0.30
Common Class A
Shareholders' Equity [Line Items]
Number of votes | vote	1				1
Common stock, authorized shares	105,000,000				105,000,000		105,000,000
Share repurchase program, authorized amount | $								$ 100,000,000
Shares repurchased (in shares)	0		0		0	0
Remaining authorized repurchases | $	$ 100,000,000				$ 100,000,000
Common Class B
Shareholders' Equity [Line Items]
Number of votes | vote	10				10
Common stock, authorized shares	80,000,000				80,000,000		80,000,000
Common Class C
Shareholders' Equity [Line Items]
Number of votes | vote	10				10
Common stock, authorized shares	20,000,000				20,000,000		20,000,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (By Component) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive income (loss), net of tax, beginning of period			$ (167.2)	$ (152.2)
Other comprehensive income (loss) before reclassifications			(21.5)	(6.1)
Amounts reclassified from accumulated other comprehensive loss to net earnings (loss)			0	0
Other comprehensive income (loss), net of tax	$ 2.1	$ (3)	(21.5)	(6.1)
Accumulated other comprehensive income (loss), net of tax, end of period	(188.7)	(158.3)	(188.7)	(158.3)
Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive income (loss), net of tax, beginning of period			(131)	(130)
Other comprehensive income (loss) before reclassifications			(13.2)	1.8
Amounts reclassified from accumulated other comprehensive loss to net earnings (loss)			0	0
Other comprehensive income (loss), net of tax			(13.2)	1.8
Accumulated other comprehensive income (loss), net of tax, end of period	(144.2)	(128.2)	(144.2)	(128.2)
Interest Rate Swap Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive income (loss), net of tax, beginning of period			(4.7)	3.3
Other comprehensive income (loss) before reclassifications			(8.3)	(7.9)
Amounts reclassified from accumulated other comprehensive loss to net earnings (loss)			0	0
Other comprehensive income (loss), net of tax			(8.3)	(7.9)
Accumulated other comprehensive income (loss), net of tax, end of period	(13)	(4.6)	(13)	(4.6)
Pension Benefit Plan Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive income (loss), net of tax, beginning of period			(31.5)	(25.5)
Other comprehensive income (loss) before reclassifications			0	0
Amounts reclassified from accumulated other comprehensive loss to net earnings (loss)			0	0
Other comprehensive income (loss), net of tax			0	0
Accumulated other comprehensive income (loss), net of tax, end of period	$ (31.5)	$ (25.5)	$ (31.5)	$ (25.5)

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Total net sales	$ 584.5	$ 948.9	$ 1,407	$ 1,909.9
Operating Income (Loss) from Continuing Operations	(2.8)	18.7	2.2	35.1
Restructuring, Impairment and Transaction- Related Charges	16.4	9.4	39.2	17
United States Print and Related Services
Segment Reporting Information [Line Items]
Total net sales	526.5	854	1,263.1	1,709
Operating Income (Loss) from Continuing Operations	8.3	33.5	24.6	62.8
Restructuring, Impairment and Transaction- Related Charges	13.4	3.3	34.2	7.8
International
Segment Reporting Information [Line Items]
Total net sales	58	94.9	143.9	200.9
Operating Income (Loss) from Continuing Operations	(0.7)	0.3	(0.4)	2.2
Restructuring, Impairment and Transaction- Related Charges	2.8	3.4	4.1	5
Operating Segments
Segment Reporting Information [Line Items]
Operating Income (Loss) from Continuing Operations	7.6	33.8	24.2	65
Restructuring, Impairment and Transaction- Related Charges	16.2	6.7	38.3	12.8
Corporate
Segment Reporting Information [Line Items]
Operating Income (Loss) from Continuing Operations	(10.4)	(15.1)	(22)	(29.9)
Restructuring, Impairment and Transaction- Related Charges	0.2	2.7	0.9	4.2
Products
Segment Reporting Information [Line Items]
Total net sales	447.7	743.5	1,092.7	1,504.9
Products | United States Print and Related Services
Segment Reporting Information [Line Items]
Total net sales	393	653	956.6	1,312.6
Products | International
Segment Reporting Information [Line Items]
Total net sales	54.7	90.5	136.1	192.3
Products | Operating Segments
Segment Reporting Information [Line Items]
Total net sales	447.7	743.5	1,092.7	1,504.9
Products | Corporate
Segment Reporting Information [Line Items]
Total net sales	0	0	0	0
Services
Segment Reporting Information [Line Items]
Total net sales	136.8	205.4	314.3	405
Services | United States Print and Related Services
Segment Reporting Information [Line Items]
Total net sales	133.5	201	306.5	396.4
Services | International
Segment Reporting Information [Line Items]
Total net sales	3.3	4.4	7.8	8.6
Services | Operating Segments
Segment Reporting Information [Line Items]
Total net sales	136.8	205.4	314.3	405
Services | Corporate
Segment Reporting Information [Line Items]
Total net sales	$ 0	$ 0	$ 0	$ 0

Segment Information (Reconcilia

Segment Information (Reconciliation of Operating Profit from Segment to Consolidated) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting [Abstract]
Operating income (loss) from continuing operations	$ (2.8)	$ 18.7	$ 2.2	$ 35.1
Less: interest expense	16.2	25.8	34.3	47.6
Less: net pension income	(2.6)	(1.5)	(5.3)	(3)
Less: loss on debt extinguishment	2.4	0	1.8	15.9
Loss before income taxes and equity in loss (earnings) of unconsolidated entity	$ (18.8)	$ (5.6)	$ (28.6)	$ (25.4)

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event $ in Millions	Jul. 01, 2020USD ($)
Subsequent Event [Line Items]
Disposal Group, Including Discontinued Operation, Cash Consideration	$ 7.9
Liabilities Assumed	$ 3