Outfront Media (OUT) 10-Q 3 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	Mar. 31, 2018	May 02, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	OUTFRONT Media Inc.
Entity Central Index Key	1,579,877
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		139,184,010

Consolidated Statement of Finan

Consolidated Statement of Financial Position (Unaudited) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 52.5	$ 48.3
Receivables, less allowance ($10.3 in 2018 and $11.5 in 2017)	188.8	231.1
Prepaid lease and transit franchise costs	73.9	68.6
Prepaid MTA equipment deployment costs	11.9	4.7
Other prepaid expenses	16.5	13.5
Other current assets	10.8	9.8
Total current assets	354.4	376
Noncurrent assets:
Property and equipment, net	660.6	662.1
Goodwill	2,126.3	2,128
Intangible assets	568.5	580.9
Other assets	60.9	61.2
Total assets	3,770.7	3,808.2
Current liabilities:
Accounts payable	51.2	56.1
Accrued compensation	17	34.6
Accrued interest	24	16.1
Accrued lease costs	26.5	30.5
Other accrued expenses	40.4	42.3
Deferred revenues	34.9	21.3
Short-term debt	92	80
Other current liabilities	18.7	18.7
Total current liabilities	304.7	299.6
Noncurrent liabilities:
Long-term debt, net	2,156.4	2,145.3
Deferred income tax liabilities, net	16.9	19.6
Asset retirement obligation	34.7	34.7
Other liabilities	80.6	82.4
Total liabilities	2,593.3	2,581.6
Commitments and contingencies
Stockholders’ equity:
Common stock (2018 - 450.0 shares authorized, and 139.2 shares issued and outstanding; 2017 - 450.0 shares authorized, and 138.6 issued and outstanding)	1.4	1.4
Additional paid-in capital	1,960.6	1,963
Distribution in excess of earnings	(817.4)	(775.6)
Accumulated other comprehensive loss	(12.8)	(7.7)
Total stockholders' equity	1,131.8	1,181.1
Non-controlling interests	45.6	45.5
Total equity	1,177.4	1,226.6
Total liabilities and equity	$ 3,770.7	$ 3,808.2

Consolidated Statement of Fina3

Consolidated Statement of Financial Position (Parenthetical) (Unaudited) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Allowance for receivables	$ 10.3	$ 11.5
Common Stock, Shares Authorized	450,000,000	450,000,000
Common Stock, Shares Issued	139,183,587	138,644,917
Common Stock, Shares Outstanding	139,183,587	138,644,917

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Billboard	$ 239.3	$ 236
Transit and other	98.6	94.6
Total revenues	337.9	330.6
Expenses:
Operating	197.1	191.9
Selling, general and administrative	64.6	63.9
Restructuring charges	1.1	1.8
Net (gain) loss on dispositions	(0.2)	0.4
Depreciation	21.1	22.9
Amortization	22.5	23.7
Total expenses	306.2	304.6
Operating income	31.7	26
Interest expense, net	(30)	(28.1)
Other expense, net	(0.1)	0
Income (loss) before benefit for income taxes and equity in earnings of investee companies	1.6	(2.1)
Benefit for income taxes	6.7	3.7
Equity in earnings of investee companies, net of tax	0.8	0.9
Net income	$ 9.1	$ 2.5
Net income per common share:
Basic (in dollars per share)	$ 0.06	$ 0.02
Diluted (in dollars per share)	$ 0.06	$ 0.02
Weighted average shares outstanding:
Basic (in shares)	138.8	138.3
Diluted (in shares)	139.1	138.9
Dividends declared per common share (in dollars per share)	$ 0.36	$ 0.36

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 9.1	$ 2.5
Other comprehensive income (loss), net of tax:
Cumulative translation adjustments	(5.4)	1.1
Net actuarial gain	0.3	0
Total other comprehensive income (loss), net of tax	(5.1)	1.1
Total comprehensive income	$ 4	$ 3.6

Consolidated Statements of Equi

Consolidated Statements of Equity (Unaudited) - USD ($) $ in Millions	Total	Common Stock	Additional Paid-In Capital	Distribution in Excess of Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total stockholders' equity	$ 1,232.9
Non-controlling interests						$ 0.1
Total equity, Beginning Balance at Dec. 31, 2016	1,233	$ 1.4	$ 1,949.5	$ (699.5)	$ (18.5)
Shares of Common Stock at Dec. 31, 2016		138,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2.5			2.5
Other comprehensive income (loss)	1.1				1.1
Other comprehensive income (loss) - total equity	1.1
Stock-based payments: Vested (shares)		700,000
Share-based payments: Exercise of stock options	1.2		1.2
Share-based payments: Exercise of stock options (shares)		200,000
Stock-based payments: Amortization	5.4		5.4
Stock-based payments: Amortization | Adjustments for New Accounting Pronouncement			0.5	(0.5)
Shares paid for tax withholding for stock-based payments (shares)		(300,000)
Shares paid for tax withholding for stock-based payments	(8)		(8)
Dividends	(49.9)			(49.9)
Shares of Common Stock at Mar. 31, 2017		138,600,000
Total equity, Ending Balance at Mar. 31, 2017	1,185.3	$ 1.4	1,948.6	(747.4)	(17.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total stockholders' equity	1,185.2
Non-controlling interests						0.1
Total stockholders' equity	1,181.1
Non-controlling interests	45.5					45.5
Total equity, Beginning Balance at Dec. 31, 2017	$ 1,226.6	$ 1.4	1,963	(775.6)	(7.7)
Shares of Common Stock at Dec. 31, 2017	138,644,917	138,600,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 9.1			9.1
Other comprehensive income (loss)	(5.1)				(5.1)
Other comprehensive income (loss) - total equity	(5.1)
Stock-based payments: Vested (shares)		900,000
Stock-based payments: Amortization	5		5
Shares paid for tax withholding for stock-based payments (shares)		(300,000)
Shares paid for tax withholding for stock-based payments	(7.4)		(7.4)
Dividends	(50.9)			(50.9)
Issuance of shares of a subsidiary	$ 0.1					0.1
Shares of Common Stock at Mar. 31, 2018	139,183,587	139,200,000
Total equity, Ending Balance at Mar. 31, 2018	$ 1,177.4	$ 1.4	$ 1,960.6	$ (817.4)	$ (12.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total stockholders' equity	1,131.8
Non-controlling interests	$ 45.6					$ 45.6

Consolidated Statements of Equ7

Consolidated Statements of Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Statement of Stockholders' Equity [Abstract]
Common stock, par value per share	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Dividends declared per common share (in dollars per share)	$ 0.36	$ 0.36

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating Activities:
Net income	$ 9.1	$ 2.5
Adjustments to reconcile net income to net cash flow provided by operating activities:
Depreciation and amortization	43.6	46.6
Deferred tax benefit	(2.3)	(1.8)
Stock-based compensation	5	5.4
Provision for doubtful accounts	(0.8)	0.1
Accretion expense	0.6	0.6
Net (gain) loss on dispositions	(0.2)	0.4
Equity in earnings of investee companies, net of tax	(0.8)	(0.9)
Distributions from investee companies	0.2	1.6
Amortization of deferred financing costs and debt discount and premium	1.4	1.9
Cash paid for direct lease acquisition costs	(12.5)	(11.7)
Change in assets and liabilities, net of investing and financing activities:
Decrease in receivables	42.8	40.2
Increase in prepaid MTA equipment deployment costs	(7.2)	0
Increase in prepaid expenses and other current assets	(7.4)	(9.5)
Decrease in accounts payable and accrued expenses	(18.9)	(54.3)
Increase in deferred revenues	13.6	12.9
Decrease in income taxes	(4.5)	(2.5)
Other, net	0.4	0.7
Net cash flow provided by (used for) operating activities	62.1	32.2
Investing Activities:
Capital expenditures	(16.8)	(16.6)
Acquisitions	(4.1)	(0.9)
MTA franchise rights	1.4	0
Net proceeds from dispositions	0.2	0.1
Net cash flow provided by (used for) investing activities	(22.1)	(17.4)
Financing Activities:
Proceeds from long-term debt borrowings	10	8.3
Proceeds from borrowings under short-term debt facilities	57	0
Repayments of borrowings under short-term debt facilities	(45)	0
Payments of deferred financing costs	0	(7)
Proceeds from stock option exercises	0	1.2
Taxes withheld for stock-based compensation	(6.5)	(6)
Dividends	(51.1)	(50.2)
Other	0	(0.2)
Net cash flow provided by (used for) financing activities	(35.6)	(53.9)
Effect of exchange rate changes on cash and cash equivalents	(0.2)	0.2
Net increase (decrease) in cash and cash equivalents	4.2	(38.9)
Cash and cash equivalents at beginning of period	48.3	65.2
Cash and cash equivalents at end of period	52.5	26.3
Supplemental disclosure of cash flow Information:
Cash paid for income taxes	0.2	0.6
Cash paid for interest	20.8	18.3
Non-cash investing and financing activities:
Accrued purchases of property and equipment	11	10.5
Taxes withheld for stock-based compensation	$ 1	$ 0

Description of Business and Bas

Description of Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business OUTFRONT Media Inc. (the “Company”) and its subsidiaries (collectively, “we,” “us” or “our”) is a real estate investment trust (“REIT”), which provides advertising space (“displays”) on out-of-home advertising structures and sites in the United States (the “U.S.”) and Canada. Our inventory consists of billboard displays, which are primarily located on the most heavily traveled highways and roadways in top Nielsen Designated Market Areas (“DMAs”), and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S. and Canada. We also have marketing and multimedia rights agreements with colleges, universities and other educational institutions, which entitle us to operate on-campus advertising displays, as well as manage marketing opportunities, media rights and experiential entertainment at sports events. In total, we have displays in all of the 25 largest markets in the U.S. and approximately 140 markets across the U.S. and Canada. We manage our operations through three operating segments—(1) U.S. Billboard and Transit, which is included in our U.S. Media reportable segment, (2) International and (3) Sports Marketing. Basis of Presentation and Use of Estimates The accompanying unaudited consolidated financial statements have been prepared pursuant to the rules of the Securities and Exchange Commission (the “SEC”). In the opinion of our management, the accompanying unaudited consolidated financial statements reflect all adjustments, consisting of normal and recurring adjustments, necessary for a fair statement of our financial position, results of operations and cash flows for the periods presented. Certain reclassifications of prior year’s data have been made to conform to the current period’s presentation. These financial statements should be read in conjunction with the more detailed financial statements and notes thereto, included in our Annual Report on Form 10-K for the year ended December 31, 2017 , filed with the SEC on February 28, 2018 .

New Accounting Standards

New Accounting Standards	3 Months Ended
	Mar. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Standards	New Accounting Standards Adoption of New Accounting Standards Revenue from Contracts with Customers In the first quarter of 2018, we adopted the Financial Accounting Standards Board’s (the “FASB’s”) principles-based guidance addressing revenue recognition issues, applying the modified retrospective method of adoption. The guidance is being applied to all contracts with customers regardless of industry-specific or transaction-specific fact patterns. The guidance requires that the amount of revenue a company should recognize reflect the consideration it expects to be entitled to in exchange for goods and services. The revenue recognition guidance is primarily applicable to our multi-year transit advertising contracts with municipalities in the U.S. and Canada, and marketing and multimedia rights agreements with colleges, universities and other educational institutions. Our billboard lease revenues are recognized under the lease accounting standard. The adoption of this guidance did not impact revenues from our multi-year transit advertising contracts, but resulted in the recognition of additional revenues of $1.8 million , additional operating expenses of $1.2 million and additional selling, general and administrative expenses of $0.6 million in our Sports Marketing operating segment in the three months ended March 31, 2018 , related to revenues that would have been recognized on a net basis under the old standard. Adoption of this guidance did not have a material effect on our consolidated financial statements. (See Note 9. Revenues to the Consolidated Financial Statements.) Recent Pronouncements Goodwill In January 2017, the FASB issued guidance simplifying the test for goodwill impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. The guidance is to be applied on a prospective basis and is effective for interim and annual periods beginning after December 15, 2019. Early adoption is permitted for interim and annual impairment tests performed on testing dates after January 1, 2017. We do not expect this guidance to have a material effect on our consolidated financial statements. Leases In February 2016, the FASB issued guidance addressing the recognition, measurement, presentation and disclosure of leases for both lessees and lessors. The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. Lessors will account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. This guidance is to be applied on a modified retrospective basis and is effective for interim and annual periods beginning after December 15, 2018. Early adoption is permitted for financial statements that have not been previously issued. As of March 31, 2018 , we had approximately 21,300 lease agreements in the U.S. and approximately 3,200

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment The table below presents the balances of major classes of assets and accumulated depreciation. As of (in millions) Estimated Useful Lives March 31, December 31, Land $ 96.9 $ 94.4 Buildings 20 to 40 years 51.3 51.3 Advertising structures 5 to 20 years 1,759.7 1,750.8 Furniture, equipment and other 3 to 10 years 121.0 120.7 Construction in progress 26.4 27.4 2,055.3 2,044.6 Less: accumulated depreciation 1,394.7 1,382.5 Property and equipment, net $ 660.6 $ 662.1 Depreciation expense was $21.1 million in the three months ended March 31, 2018 , and $22.9 million in the three months ended March 31, 2017

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets For the three months ended March 31, 2018 and the year ended December 31, 2017 , the changes in the book value of goodwill by segment were as follows: (in millions) U.S. Media Other Total As of December 31, 2016 $ 2,054.0 $ 35.4 $ 2,089.4 Currency translation adjustments — 4.3 4.3 Additions (a) — 34.3 34.3 As of December 31, 2017 2,054.0 74.0 2,128.0 Currency translation adjustments — (1.7 ) (1.7 ) As of March 31, 2018 $ 2,054.0 $ 72.3 $ 2,126.3 (a) Non-tax deductible addition associated with the Transaction (as defined below, see Note 8. Equity and Note 11. Acquisitions to the Consolidated Financial Statements). Our identifiable intangible assets primarily consist of acquired permits and leasehold agreements and franchise agreements which grant us the right to operate out-of-home structures in specified locations and the right to provide advertising space on railroad and municipal transit properties. Identifiable intangible assets are amortized on a straight-line basis over their estimated useful life, which is the respective life of the agreement that in some cases includes historical experience of renewals. Our identifiable intangible assets consist of the following: (in millions) Gross Accumulated Amortization Net As of March 31, 2018: Permits and leasehold agreements $ 1,110.4 $ (670.7 ) $ 439.7 Franchise agreements (a) 457.6 (348.8 ) 108.8 Other intangible assets 47.1 (27.1 ) 20.0 Total intangible assets $ 1,615.1 $ (1,046.6 ) $ 568.5 As of December 31, 2017: Permits and leasehold agreements $ 1,111.3 $ (661.6 ) $ 449.7 Franchise agreements (a) 455.4 (346.2 ) 109.2 Other intangible assets 47.1 (25.1 ) 22.0 Total intangible assets $ 1,613.8 $ (1,032.9 ) $ 580.9 (a) As of March 31, 2018 , includes $2.3 million and as of December 31, 2017 , includes $0.9 million related to MTA equipment deployment costs. (See Note 16. Commitments and Contingencies to the Consolidated Financial Statements.) All of our intangible assets, except goodwill, are subject to amortization. Amortization expense was $22.5 million in the three months ended March 31, 2018 , and $23.7 million in the three months ended March 31, 2017 , which includes the amortization of direct lease acquisition costs of $8.7 million in each of the three months ended March 31, 2018

Asset Retirement Obligation

Asset Retirement Obligation	3 Months Ended
	Mar. 31, 2018
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation	Asset Retirement Obligation The following table sets forth the change in the asset retirement obligations associated with our advertising structures located on leased properties. The obligation is calculated based on the assumption that all of our advertising structures will be removed within the next 50 years. The estimated annual costs to dismantle and remove the structures upon the termination or non-renewal of our leases are consistent with our historical experience. (in millions) As of December 31, 2017 $ 34.7 Accretion expense 0.6 Liabilities settled (0.5 ) Foreign currency translation adjustments (0.1 ) As of March 31, 2018 $ 34.7

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions We have a 50% ownership interest in two joint ventures that operate transit shelters in the greater Los Angeles area and Vancouver, and four joint ventures which currently operate a total of 15 billboard displays in New York and Boston. All of these joint ventures are accounted for as equity investments. These investments totaled $20.1 million as of March 31, 2018 , and $19.5 million as of December 31, 2017 , and are included in Other assets on the Consolidated Statements of Financial Position. We provided sales and management services to these joint ventures and recorded management fees in Revenues on the Consolidated Statement of Operations of $1.6 million in the three months ended March 31, 2018 , and $1.5 million in the three months ended March 31, 2017

Debt

Debt	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt	Debt Debt, net, consists of the following: As of (in millions, except percentages) March 31, December 31, Short-term debt: AR Facility $ 92.0 $ 80.0 Total short-term debt 92.0 80.0 Long-term debt: Revolving credit facility 10.0 — Term loan, due 2024 667.9 667.8 Senior unsecured notes: 5.250% senior unsecured notes, due 2022 549.6 549.6 5.625% senior unsecured notes, due 2024 502.5 502.6 5.875% senior unsecured notes, due 2025 450.0 450.0 Total senior unsecured notes 1,502.1 1,502.2 Debt issuance costs (23.6 ) (24.7 ) Total long-term debt, net 2,156.4 2,145.3 Total debt, net $ 2,248.4 $ 2,225.3 Weighted average cost of debt 4.9 % 4.8 % Term Loan The interest rate on the term loan due in 2024 (the “Term Loan”) was 3.9% per annum as of March 31, 2018 . As of March 31, 2018 , a discount of $2.1 million on the Term Loan remains unamortized. The discount is being amortized through Interest expense, net , on the Consolidated Statement of Operations. Revolving Credit Facility We also have a $430.0 million revolving credit facility, which matures in 2022 (the “Revolving Credit Facility,” together with the Term Loan, the “Senior Credit Facilities”). As of March 31, 2018 , there were $10.0 million of outstanding borrowings under the Revolving Credit Facility. As of May 2, 2018 , there were $24.0 million of outstanding borrowings under the Revolving Credit Facility. The commitment fee based on the amount of unused commitments under the Revolving Credit Facility was $0.3 million in the three months ended March 31, 2018 , and $0.2 million in the three months ended March 31, 2017 . As of March 31, 2018 , we had issued letters of credit totaling approximately $88.5 million against the letter of credit facility sublimit under the Revolving Credit Facility. Standalone Letter of Credit Facilities As of March 31, 2018 , we had issued letters of credit totaling approximately $119.6 million under our aggregate $150.0 million standalone letter of credit facilities. The total fees under the letter of credit facilities were immaterial in each of the three months ended March 31, 2018 and 2017 . Accounts Receivable Securitization Facility As of March 31, 2018 , there were $92.0 million of outstanding borrowings under our three -year $100.0 million revolving accounts receivable securitization facility (the “AR Facility”) at a borrowing rate of approximately 2.7% . As of March 31, 2018 , we had no borrowing capacity remaining under the AR Facility, based on approximately $173.9 million of eligible accounts receivables used as collateral for the AR Facility, in accordance with the agreement governing the AR Facility. The commitment fee based on the amount of unused commitments under the AR Facility was immaterial for the three months ended March 31, 2018 . As of May 2, 2018 , there were $86.5 million of outstanding borrowings under the AR Facility at a borrowing rate of approximately 2.9% . In connection with the AR Facility, Outfront Media LLC, a wholly-owned subsidiary of the Company, will sell and/or contribute its existing and future accounts receivable and certain related assets to Outfront Media Receivables LLC, a special purpose vehicle and wholly-owned subsidiary of the Company (the “SPV”). The SPV is a separate legal entity with its own separate creditors who will be entitled to access the SPV’s assets before the assets become available to the Company. Accordingly, the SPV’s assets are not available to pay creditors of the Company or any of its subsidiaries, although collections from the receivables in excess of amounts required to repay the Purchasers and other creditors of the SPV may be remitted to the Company. Senior Unsecured Notes As of March 31, 2018 , a discount of $0.4 million on $150.0 million aggregate principal amount of the 5.250% Senior Unsecured Notes due 2022, remains unamortized. The discount is being amortized through Interest expense, net, on the Consolidated Statement of Operations. As of March 31, 2018 , a premium of $2.5 million on $100.0 million aggregate principal amount of the 5.625% Senior Unsecured Notes due 2024, remains unamortized. The premium is being amortized through Interest expense, net , on the Consolidated Statement of Operations. Debt Covenants Our credit agreement, dated as of January 31, 2014 (as amended, supplemented or otherwise modified, the “Credit Agreement”), governing the Senior Credit Facilities, the agreements governing the AR Facility, and the indentures governing our senior unsecured notes contain customary affirmative and negative covenants, subject to certain exceptions, including but not limited to those that limit the Company’s and our subsidiaries’ abilities to (i) pay dividends on, repurchase or make distributions in respect to the Company’s or its wholly-owned subsidiary, Outfront Media Capital LLC’s (“Finance LLC’s”) capital stock or make other restricted payments other than dividends or distributions necessary for us to maintain our REIT status, subject to certain conditions, and (ii) enter into agreements restricting certain subsidiaries’ ability to pay dividends or make other intercompany third party transfers. The terms of the Credit Agreement (and under certain circumstances, the agreements governing the AR Facility) require that we maintain a Consolidated Net Secured Leverage Ratio, which is the ratio of (i) our consolidated secured debt (less up to $150.0 million of unrestricted cash) to (ii) our Consolidated EBITDA (as defined in the Credit Agreement) for the trailing four consecutive quarters, of no greater than 4.0 to 1.0. As of March 31, 2018 , our Consolidated Net Secured Leverage Ratio was 1.4 to 1.0, as adjusted to give pro forma effect to an acquisition, in accordance with the Credit Agreement. The Credit Agreement also requires that, in connection with the incurrence of certain indebtedness, we satisfy a Consolidated Total Leverage Ratio, which is the ratio of our consolidated total debt to our Consolidated EBITDA for the trailing four consecutive quarters, of no greater than 6.0 to 1.0. As of March 31, 2018 , our Consolidated Total Leverage Ratio was 4.8 to 1.0, as adjusted to give pro forma effect to an acquisition, in accordance with the Credit Agreement. As of March 31, 2018 , we are in compliance with our debt covenants. Deferred Financing Costs As of March 31, 2018 , we had deferred $28.1 million in fees and expenses associated with the Term Loan, Revolving Credit Facility, AR Facility and our senior unsecured notes. We are amortizing the deferred fees through Interest expense, net, on the Consolidated Statement of Operations over the respective terms of the Term Loan, Revolving Credit Facility, AR Facility and our senior unsecured notes. Fair Value Under the fair value hierarchy, observable inputs such as unadjusted quoted prices in active markets for identical assets or liabilities are defined as Level 1; observable inputs other than quoted prices included within Level 1 that are either directly or indirectly observable for the asset or liability are defined as Level 2; and unobservable inputs for the asset or liability are defined as Level 3. The aggregate fair value of our debt, which is estimated based on quoted market prices of similar liabilities, was approximately $2.3 billion as of both March 31, 2018 , and December 31, 2017 . The fair value of our debt as of both March 31, 2018

Equity

Equity	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Equity	Equity On June 13, 2017, certain subsidiaries of OUTFRONT Media Inc. acquired the equity interests of certain subsidiaries of All Vision LLC (“All Vision”), which hold substantially all of All Vision’s existing outdoor advertising assets in Canada, and effectuated an amalgamation of All Vision’s Canadian business with our Canadian business (the “Transaction”) (see Note 11. Acquisitions ). In connection with the Transaction, the Company issued 1,953,407 shares of Class A equity interests of a subsidiary of the Company that controls its Canadian business (“Outfront Canada”). The Class A equity interests are entitled to receive priority cash distributions from Outfront Canada at the same time and in the same per share amount as the dividends paid on shares of the Company’s common stock. The Class A equity interests may be redeemed by the holders in exchange for shares of the Company’s common stock on a one-for-one basis (subject to anti-dilution adjustments) or, at the Company’s option, cash equal to the then fair market value of the shares of the Company’s common stock commencing (i) one year after closing, with respect to 55% of the Class A equity interests, and (ii) 18 months after closing, with respect to the remaining 45% of the Class A equity interests. In connection with the Transaction, the Company has agreed to limitations on its ability to sell or otherwise dispose of the assets acquired from All Vision for a period of five years, unless it pays holders of the Class A equity interests in Outfront Canada an amount intended to approximate their resulting tax liability . During the three months ended March 31, 2018 , we made distributions of $0.7 million to holders of the Class A equity interests, which are recorded in Dividends on our Consolidated Statements of Equity and Consolidated Statements of Cash Flows. As of March 31, 2018 , 450,000,000 shares of our common stock, par value $0.01 per share, were authorized; 139,183,587 shares were issued and outstanding; and 50,000,000 shares of our preferred stock, par value $0.01 per share, were authorized with no shares issued and outstanding. On November 21, 2017, we entered into a sales agreement in connection with an “at-the-market” equity offering program (the “ATM Program”), under which we may, from time to time, issue and sell shares of our common stock up to an aggregate offering price of $300.0 million . We have no obligation to sell any of our common stock under the sales agreement and may at any time suspend solicitations and offers under the sales agreement. As of May 2, 2018 , no shares of our common stock have been sold under the ATM Program, and accordingly, as of May 2, 2018 , $300.0 million remained available to be sold under the sales agreement. On April 25, 2018 , we announced that our board of directors approved a quarterly cash dividend of $0.36 per share on our common stock, payable on June 29, 2018 , to stockholders of record at the close of business on June 8, 2018

Revenues

Revenues	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Effective January 1, 2018, we adopted the FASB’s principles-based guidance addressing revenue recognition issues, applying the modified retrospective method of adoption. Accordingly, historical financial information has not been affected (see Note 2. New Accounting Standards to the Consolidated Financial Statements). We derive Revenues from the following sources: (i) billboard displays, (ii) transit displays, and (iii) other. Billboard display revenues are derived from providing advertising space to customers on our physical billboards or other outdoor structures. We generally (i) own the physical structures on which we display advertising copy for our customers, (ii) hold the legal permits to display advertising thereon, and (iii) lease the underlying sites. Billboard display revenues are recognized under the lease accounting standard as rental income on a straight-line basis over the customer lease term. Transit display revenues are derived from agreements with municipalities and transit operators, which entitle us to operate advertising displays within their transit systems, including on the interior and exterior of rail and subway cars and buses, as well as on benches, transit shelters, street kiosks and transit platforms. Transit display contracts typically require the installation and delivery of multiple advertising displays, for which locations are not specifically identified. Installation services are highly interdependent with the provision of advertising space, and therefore the installation and display of advertising is recognized as a single performance obligation. Transit display revenues are recognized based on the level of units displayed in proportion to the total units to be displayed over the contract period. Other revenues are derived primarily from (i) the production of advertisements to be displayed on our billboards or other outdoor sites, or on displays that we operate within transit systems, and (ii) revenues from marketing and multimedia rights agreements with colleges, universities and other educational institutions, which entitle us to operate on-campus advertising displays, as well as manage marketing opportunities, media rights and experiential entertainment at sports events. Production services are not interrelated with the provision of advertising space and are considered a distinct performance obligation. Production revenue is recognized over the production period, which is typically very short in duration. Revenues from our Sports Marketing operating segment are principally derived from advertising and marketing arrangements and are recognized over the contract period. Our billboard display and transit display contracts with customers range from four weeks to one year and billing commences at the beginning of the contract term, with payment generally due within 30 days of billing. For the majority of our contracts, transaction prices are explicitly stated. Any contracts with transaction prices that contain multiple performance obligations, are allocated primarily based on the residual approach, as we sell our services at a broad range of amounts depending on seasonality, the packaging of various advertising displays within a contract, and other economic factors. We do not disclose the value of unsatisfied performance obligations for contracts with an original expected term of one year or less, which primarily represent the transaction price allocated to the remaining display period for unsatisfied transit franchise contracts. Unsatisfied performance obligations with an original expected term of over one year relate to multi-year marketing and multimedia rights agreements with customers of our Sports Marketing operating segment, the value of which is $55.9 million as of March 31, 2018 , are expected to be satisfied over the next 5 years. For all revenue sources, we evaluate whether we should be considered the principal (i.e., report revenues on a gross basis) or an agent (i.e., report revenues on a net basis). Except for an insignificant number of smaller sports marketing contracts, we are considered the principal in our arrangements and report revenues on a gross basis, wherein the amounts billed to customers are recorded as revenues, and amounts paid to municipalities, transit operators, educational institutions and suppliers are recorded as expenses. We are considered the principal because we control the advertising space and multi-media rights before and after the contract term, are primarily responsible to our customers, have discretion in pricing and typically, have inventory risk. For space provided to advertisers through the use of an advertising agency whose commission is calculated based on a stated percentage of gross advertising spending, our Revenues are reported net of agency commissions. The following table summarizes revenues by source: Three Months Ended March 31, (in millions) 2018 2017 Billboard: Static displays $ 189.5 $ 189.1 Digital displays 41.9 33.3 Other 7.9 13.6 Billboard revenues 239.3 236.0 Transit: Static displays 67.8 69.2 Digital displays 10.7 8.4 Other 7.3 6.6 Total transit revenues 85.8 84.2 Sports marketing and other 12.8 10.4 Transit and other revenues 98.6 94.6 Total revenues $ 337.9 $ 330.6 Rental income was $231.4 million in the three months ended March 31, 2018 , and $222.4 million in the three months ended March 31, 2017 , and is recorded in Billboard revenues on the Consolidated Statement of Operations. The following table summarizes revenues by geography. Three Months Ended March 31, (in millions) 2018 2017 United States: Billboard $ 226.3 $ 225.1 Transit and other 83.6 82.0 Sports marketing and other 12.8 10.4 Total United States revenues 322.7 317.5 Canada 15.2 13.1 Total revenues $ 337.9 $ 330.6 Our revenues are sensitive to fluctuations in advertising expenditures, general economic conditions and other external events beyond our control. Contract Costs and Balances Variable sales commission costs directly associated with billboard display revenues are considered direct lease acquisition costs in accordance with the lease accounting standard and are capitalized and amortized on a straight-line basis over the related customer lease term (see Note 4. Goodwill and Other Intangible Assets to the Consolidated Financial Statements). Amortization of direct lease acquisition costs is presented within Amortization expense in the accompanying Consolidated Statements of Operations. Variable sales commission costs which are directly associated with transit display and other revenues are included in Selling, general, and administrative expenses on the Consolidated Statement of Operations, and are expensed as incurred since the amortization period of the asset would have been less than one year. Amounts to be collected from customers for revenues recognized in previous periods are included in Receivables, less allowance , on the Consolidated Statement of Financial Position. Amounts collected from customers for revenues to be recognized in future periods are included in Deferred revenues on the Consolidated Statement of Financial Position. We recognized substantially all of the Deferred revenues on the Consolidated Statement of Financial Position as of December 31, 2017 , during the three months ended March 31, 2018

Restructuring Charges

Restructuring Charges	3 Months Ended
	Mar. 31, 2018
Restructuring and Related Activities [Abstract]
Restructuring charges	Restructuring Charges For the three months ended March 31, 2018 , we recorded restructuring charges of $1.1 million , of which $0.6 million was recorded in Other for severance charges associated with the reorganization of our Sports Marketing operating segment management team and $0.5 million was recorded in our U.S. Media segment for severance charges associated with the reorganization of various departments. For the three months ended March 31, 2017 , we recorded restructuring charges of $1.8 million in our U.S. Media segment for severance charges associated with the reorganization of our sales management functions. As of March 31, 2018 , $4.3 million in restructuring reserves remain outstanding and is included in Other current liabilities

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Acquisitions	Acquisitions In connection with the Transaction, the Company paid approximately $94.4 million for the assets, comprised of $50.0 million in cash and $44.4 million , or 1,953,407 shares, of Class A equity interests of Outfront Canada, subject to post-closing adjustments (upward or downward) for closing date working capital and indebtedness, and for the achievement of certain operating income before depreciation and amortization targets relating to the acquired assets in 2017 and 2018. The issued Class A equity interests of Outfront Canada are redeemable non-controlling interests and are included in Non-controlling interests on our Consolidated Statement of Financial Position based on actual foreign currency exchange rates on the closing date of the Transaction compared to the negotiated foreign currency exchange rate used in the valuation described above. The preliminary allocation of the purchase price of approximately $94.4 million is based on management’s estimate of the fair value of the assets acquired and liabilities assumed on the closing date of the Transaction, which was $68.0 million of identified intangible assets, $34.3 million of goodwill, $17.0 million of deferred tax liabilities and $9.1 million of other assets and liabilities (primarily property and equipment). These preliminary estimates may be revised in future periods as we obtain additional information regarding fixed assets, intangible assets and certain liabilities. Any changes to the initial estimates of the fair value of the assets and liabilities will be recorded as adjustments to those assets and liabilities and residual amounts will be allocated to goodwill. We completed several acquisitions for a total purchase price of approximately $4.1 million in the three months ended March 31, 2018 , and $0.9 million in the three months ended March 31, 2017

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation The following table summarizes our stock-based compensation expense for the three months ended March 31, 2018 and 2017 . Three Months Ended March 31, (in millions) 2018 2017 Restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”) $ 5.0 $ 5.3 Stock options — 0.1 Stock-based compensation expense, before income taxes 5.0 5.4 Tax benefit (0.3 ) (0.5 ) Stock-based compensation expense, net of tax $ 4.7 $ 4.9 As of March 31, 2018 , total unrecognized compensation cost related to non-vested RSUs and PRSUs was $38.3 million , which is expected to be recognized over a weighted average period of 2.4 years . RSUs and PRSUs The following table summarizes activity for the three months ended March 31, 2018 , of RSUs and PRSUs issued to our employees. Activity Weighted Average Per Share Grant Date Fair Market Value Non-vested as of December 31, 2017 1,632,120 $ 24.43 Granted: RSUs 785,691 21.52 PRSUs 383,913 21.52 Vested: RSUs (521,058 ) 24.59 PRSUs (259,819 ) 24.97 Forfeitures: RSUs (7,158 ) 24.63 PRSUs (45,849 ) 27.17 Non-vested as of March 31, 2018 1,967,840 22.52 Stock Options The following table summarizes activity for the three months ended March 31, 2018 , of stock options issued to our employees. Activity Weighted Average Exercise Price Outstanding as of December 31, 2017 165,293 $ 20.69 Exercised (23,446 ) 6.25 Outstanding as of March 31, 2018 141,847 23.08 Exercisable as of March 31, 2018 141,847 23.08

Retirement Benefits

Retirement Benefits	3 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
Retirement Benefits	Retirement Benefits The following table presents the components of net periodic pension cost and amounts recognized in other comprehensive income (loss) for our pension plans: Three Months Ended March 31, (in millions) 2018 2017 Components of net periodic pension cost: Service cost $ 0.4 $ 0.3 Interest cost 0.5 0.5 Expected return on plan assets (0.6 ) (0.5 ) Amortization of net actuarial losses (a) 0.1 0.1 Net periodic pension cost $ 0.4 $ 0.4 (a) Reflects amounts reclassified from accumulated other comprehensive income to net income. In the three months ended March 31, 2018 , we contributed $0.4 million to our pension plans. In 2018 , we expect to contribute approximately $2.5 million

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We are organized in conformity with the requirements for qualification and taxation as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”) and, accordingly, we have not provided for U.S. federal income tax on our REIT taxable income that we distribute to our stockholders. We have elected to treat our subsidiaries that participate in certain non-REIT qualifying activities, and our foreign subsidiaries, as taxable REIT subsidiaries (“TRSs”). As such, we have provided for their federal, state and foreign income taxes. On December 22, 2017, the President of the United States signed into law the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act amends the Code to reduce tax rates and modify policies, credits and deductions. The Tax Act reduced the federal tax rate from a maximum of 35% to a flat 21% rate, as well as added many new provisions including changes to bonus depreciation, the deduction for executive compensation and interest expense. From an international tax perspective, a tax on global intangible low-taxed income and a base erosion anti-abuse tax were added. Our effective income tax rate represents a combined annual effective tax rate for federal, state, local and foreign taxes applied to interim operating results. In the three months ended March 31, 2018

Earnings Per Share ("EPS")

Earnings Per Share ("EPS")	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share (EPS)	Earnings Per Share (“EPS”) Three Months Ended March 31, (in millions) 2018 2017 Net income available for common stockholders $ 9.1 $ 2.5 Less: Distributions to holders of Class A equity interests of a subsidiary 0.7 — Net income available for common stockholders, basic and diluted $ 8.4 $ 2.5 Weighted average shares for basic EPS 138.8 138.3 Dilutive potential shares from grants of RSUs, PRSUs and stock options (a) 0.3 0.6 Weighted average shares for diluted EPS 139.1 138.9 (a) The potential impact of an aggregate 0.8 million granted RSUs, PRSUs and stock options in the three months ended March 31, 2018 , and 0.3 million granted RSUs, PRSUs and stock options in the three months ended March 31, 2017 , were antidilutive. (b) The potential impact of 2.0 million shares of Class A equity interests of Outfront Canada in the three months ended March 31, 2018 , was antidilutive. (See Note 8. Equity

Commitment and Contingencies

Commitment and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Off-Balance Sheet Arrangements Our off-balance sheet commitments primarily consist of operating lease arrangements and guaranteed minimum annual payments. These arrangements result from our normal course of business and represent obligations that are payable over several years. Contractual Obligations We have long-term operating leases for office space, billboard sites and equipment, which expire at various dates. Certain leases contain renewal and escalation clauses. We have agreements with municipalities and transit operators which entitle us to operate advertising displays within their transit systems, including on the interior and exterior of rail and subway cars and buses, as well as on benches, transit shelters, street kiosks, and transit platforms. Under most of these franchise agreements, the franchisor is entitled to receive the greater of a percentage of the relevant revenues, net of agency fees, or a specified guaranteed minimum annual payment. We also have marketing and multimedia rights agreements with colleges, universities and other educational institutions, which entitle us to operate on-campus advertising displays, as well as manage marketing opportunities, media rights and experiential entertainment at sports events. Under most of these agreements, the school is entitled to receive the greater of a percentage of the relevant revenue, net of agency commissions, or a specified guaranteed minimum annual payment. On December 8, 2017, we entered into a transit advertising and communications concession agreement with the New York Metropolitan Transportation Authority (the “MTA”) for subway, commuter rail and buses for a 10 -year term, with an additional 5 -year extension at our option. Under the agreement, we are obligated to deploy over 50,000 digital displays for advertising and MTA communications across the transit system over a number of years and the MTA is entitled to receive the greater of a percentage of revenues or a guaranteed minimum annual payment. Incremental revenues that exceed an annual base revenue amount will be retained by us for the cost of deploying advertising and communications screens throughout the transit system. Our currently estimated deployment cost is approximately $800 million for the full 15-year term and approximately $600 million for the first eight years of the term, and these deployment costs will be recorded as Prepaid MTA equipment deployment costs and Intangible assets on our Consolidated Statement of Financial Position. We expect to utilize third party financing to fund deployment costs, and have increased our letters of credit for the benefit of the MTA from approximately $30.0 million to $136.0 million , which is subject to change as equipment installations are completed and revenues are generated. During the three months ended March 31, 2018 , several transit franchise contracts were renewed, resulting in additional guaranteed minimum annual payments. As of March 31, 2018 , guaranteed minimum annual payments are as follows: (in millions) Guaranteed Minimum Annual Payments 2018 $ 174.2 2019 197.7 2020 178.4 2021 176.8 2022 175.6 2023 and thereafter 858.1 Total minimum payments $ 1,760.8 Letters of Credit We have indemnification obligations with respect to letters of credit and surety bonds primarily used as security against non-performance in the normal course of business. As of March 31, 2018 , the outstanding letters of credit were approximately $208.1 million and outstanding surety bonds were approximately $24.5 million , and were not recorded on the Consolidated Statements of Financial Position. Legal Matters

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information We manage our operations through three operating segments—(1) U.S. Billboard and Transit, which is included in our U.S. Media reportable segment, (2) International and (3) Sports Marketing. International and Sports Marketing do not meet the criteria to be a reportable segment and accordingly, are both included in Other . The following tables set forth our financial performance by segment. Three Months Ended March 31, (in millions) 2018 2017 Revenues: U.S. Media $ 309.9 $ 307.1 Other 28.0 23.5 Total revenues $ 337.9 $ 330.6 We present Operating income before Depreciation , Amortization , Net gain (loss) on dispositions, Stock-based compensation and Restructuring charges (“Adjusted OIBDA”) as the primary measure of profit and loss for our operating segments. Three Months Ended March 31, (in millions) 2018 2017 Net income $ 9.1 $ 2.5 Benefit for income taxes (6.7 ) (3.7 ) Equity in earnings of investee companies, net of tax (0.8 ) (0.9 ) Interest expense, net 30.0 28.1 Other expense, net 0.1 — Operating income 31.7 26.0 Restructuring charges 1.1 1.8 Net (gain) loss on dispositions (0.2 ) 0.4 Depreciation and amortization 43.6 46.6 Stock-based compensation 5.0 5.4 Total Adjusted OIBDA $ 81.2 $ 80.2 Adjusted OIBDA: U.S. Media $ 88.9 $ 92.4 Other (0.8 ) (1.1 ) Corporate (6.9 ) (11.1 ) Total Adjusted OIBDA $ 81.2 $ 80.2 Three Months Ended March 31, (in millions) 2018 2017 Operating income (loss): U.S. Media $ 50.6 $ 47.5 Other (7.0 ) (5.0 ) Corporate (11.9 ) (16.5 ) Total operating income $ 31.7 $ 26.0 Net (gain) loss on dispositions: U.S. Media $ (0.2 ) $ 0.4 Total (gain) loss on dispositions $ (0.2 ) $ 0.4 Depreciation and amortization: U.S. Media $ 38.0 $ 42.7 Other 5.6 3.9 Total depreciation and amortization $ 43.6 $ 46.6 Capital expenditures: U.S. Media $ 14.4 $ 15.8 Other 2.4 0.8 Total capital expenditures $ 16.8 $ 16.6 As of (in millions) March 31, 2018 December 31, 2017 Assets: U.S. Media $ 3,496.0 $ 3,528.8 Other 251.2 263.8 Corporate 23.5 15.6 Total assets $ 3,770.7 $ 3,808.2

Condensed Consolidating Financi

Condensed Consolidating Financial Information	3 Months Ended
	Mar. 31, 2018
Condensed Consolidating Financial Information [Abstract]
Condensed Consolidating Financial Information	Condensed Consolidating Financial Information We and our material existing and future direct and indirect 100% owned domestic subsidiaries (except Finance LLC and Outfront Media Capital Corporation, the borrowers under the Term Loan and the Revolving Credit Facility) guarantee the obligations under the Term Loan and the Revolving Credit Facility. Our senior unsecured notes are fully and unconditionally, and jointly and severally guaranteed on a senior unsecured basis by us and each of our direct and indirect wholly-owned domestic subsidiaries that guarantees the Term Loan and the Revolving Credit Facility (see Note 7. Debt to the Consolidated Financial Statements). The following condensed consolidating schedules present financial information on a combined basis in conformity with the SEC’s Regulation S-X, Rule 3-10 for: (i) OUTFRONT Media Inc. (the “Parent Company”); (ii) Finance LLC (the “Subsidiary Issuer”); (iii) the guarantor subsidiaries; (iv) the non-guarantor subsidiaries, including the SPV; (v) elimination entries necessary to consolidate the Parent Company and the Subsidiary Issuer, the guarantor subsidiaries and non-guarantor subsidiaries; and (vi) the Parent Company on a consolidated basis. Outfront Media Capital Corporation is a co-issuer finance subsidiary with no assets or liabilities, and therefore has not been included in the tables below. As of March 31, 2018 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Current assets: Cash and cash equivalents $ — $ 18.5 $ 2.0 $ 32.0 $ — $ 52.5 Receivables, less allowance — — 31.6 180.0 (22.8 ) 188.8 Other current assets — 1.2 95.6 128.4 (112.1 ) 113.1 Total current assets — 19.7 129.2 340.4 (134.9 ) 354.4 Property and equipment, net — — 608.4 52.2 — 660.6 Goodwill — — 2,059.9 66.4 — 2,126.3 Intangible assets — — 502.0 66.5 — 568.5 Investment in subsidiaries 1,131.8 3,294.6 369.0 — (4,795.4 ) — Other assets — 3.1 54.9 2.9 — 60.9 Intercompany — — 123.8 148.3 (272.1 ) — Total assets $ 1,131.8 $ 3,317.4 $ 3,847.2 $ 676.7 $ (5,202.4 ) $ 3,770.7 Total current liabilities $ — $ 29.2 $ 299.1 $ 111.3 $ (134.9 ) $ 304.7 Long-term debt, net — 2,156.4 — — — 2,156.4 Deferred income tax liabilities, net — — — 16.9 — 16.9 Asset retirement obligation — — 29.9 4.8 — 34.7 Deficit in excess of investment of subsidiaries — — 2,162.8 — (2,162.8 ) — Other liabilities — — 75.3 5.3 — 80.6 Intercompany — — 148.3 123.8 (272.1 ) — Total liabilities — 2,185.6 2,715.4 262.1 (2,569.8 ) 2,593.3 Total stockholders’ equity 1,131.8 1,131.8 1,131.8 369.0 (2,632.6 ) 1,131.8 Non-controlling interests — — — 45.6 — 45.6 Total equity 1,131.8 1,131.8 1,131.8 414.6 (2,632.6 ) 1,177.4 Total liabilities and equity $ 1,131.8 $ 3,317.4 $ 3,847.2 $ 676.7 $ (5,202.4 ) $ 3,770.7 As of December 31, 2017 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Current assets: Cash and cash equivalents $ — $ 10.2 $ 3.7 $ 34.4 $ — $ 48.3 Receivables, less allowance — — 42.1 202.7 (13.7 ) 231.1 Other current assets — 1.0 89.0 20.0 (13.4 ) 96.6 Total current assets — 11.2 134.8 257.1 (27.1 ) 376.0 Property and equipment, net — — 609.1 53.0 — 662.1 Goodwill — — 2,059.9 68.1 — 2,128.0 Intangible assets — — 511.5 69.4 — 580.9 Investment in subsidiaries 1,181.1 3,333.6 293.4 — (4,808.1 ) — Other assets — 3.3 55.1 2.8 — 61.2 Intercompany — — 123.9 148.3 (272.2 ) — Total assets $ 1,181.1 $ 3,348.1 $ 3,787.7 $ 598.7 $ (5,107.4 ) $ 3,808.2 Total current liabilities $ — $ 21.7 $ 199.4 $ 105.6 $ (27.1 ) $ 299.6 Long-term debt, net — 2,145.3 — — — 2,145.3 Deferred income tax liabilities, net — — — 19.6 — 19.6 Asset retirement obligation — — 29.7 5.0 — 34.7 Deficit in excess of investment of subsidiaries — — 2,152.5 — (2,152.5 ) — Other liabilities — — 76.7 5.7 — 82.4 Intercompany — — 148.3 123.9 (272.2 ) — Total liabilities — 2,167.0 2,606.6 259.8 (2,451.8 ) 2,581.6 Total stockholders’ equity 1,181.1 1,181.1 1,181.1 293.4 (2,655.6 ) 1,181.1 Non-controlling interests — — — 45.5 — 45.5 Total equity 1,181.1 1,181.1 1,181.1 338.9 (2,655.6 ) 1,226.6 Total liabilities and equity $ 1,181.1 $ 3,348.1 $ 3,787.7 $ 598.7 $ (5,107.4 ) $ 3,808.2 Three Months Ended March 31, 2018 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenues: Billboard $ — $ — $ 226.2 $ 13.1 $ — $ 239.3 Transit and other — — 96.4 2.2 — 98.6 Total revenues — — 322.6 15.3 — 337.9 Expenses: Operating — — 184.2 12.9 — 197.1 Selling, general and administrative 0.4 0.1 62.9 1.2 — 64.6 Restructuring charges — — 1.1 — — 1.1 Net gain on dispositions — — (0.2 ) — — (0.2 ) Depreciation — — 17.7 3.4 — 21.1 Amortization — — 20.7 1.8 — 22.5 Total expenses 0.4 0.1 286.4 19.3 — 306.2 Operating income (loss) (0.4 ) (0.1 ) 36.2 (4.0 ) — 31.7 Interest expense, net — (28.6 ) (0.9 ) (0.5 ) — (30.0 ) Other expense, net — — — (0.1 ) — (0.1 ) Income (loss) before benefit for income taxes and equity in earnings of investee companies (0.4 ) (28.7 ) 35.3 (4.6 ) — 1.6 Benefit for income taxes — — 1.3 5.4 — 6.7 Equity in earnings of investee companies, net of tax 9.5 38.2 (27.1 ) 0.1 (19.9 ) 0.8 Net income $ 9.1 $ 9.5 $ 9.5 $ 0.9 $ (19.9 ) $ 9.1 Net income $ 9.1 $ 9.5 $ 9.5 $ 0.9 $ (19.9 ) $ 9.1 Total other comprehensive income, net of tax (5.1 ) (5.1 ) (5.1 ) (5.1 ) 15.3 (5.1 ) Total comprehensive income $ 4.0 $ 4.4 $ 4.4 $ (4.2 ) $ (4.6 ) $ 4.0 Three Months Ended March 31, 2017 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenues: Billboard $ — $ — $ 225.1 $ 10.9 $ — $ 236.0 Transit and other — — 92.3 2.3 — 94.6 Total revenues — — 317.4 13.2 — 330.6 Expenses: Operating — — 180.4 11.5 — 191.9 Selling, general and administrative 0.4 0.7 59.3 3.5 — 63.9 Restructuring charges — — 1.8 — — 1.8 Net loss on dispositions — — 0.4 — — 0.4 Depreciation — — 20.0 2.9 — 22.9 Amortization — — 23.2 0.5 — 23.7 Total expenses 0.4 0.7 285.1 18.4 — 304.6 Operating income (loss) (0.4 ) (0.7 ) 32.3 (5.2 ) — 26.0 Interest expense, net — (28.0 ) (0.1 ) — — (28.1 ) Income (loss) before benefit for income taxes and equity in earnings of investee companies (0.4 ) (28.7 ) 32.2 (5.2 ) — (2.1 ) Benefit for income taxes — — 1.9 1.8 — 3.7 Equity in earnings of investee companies, net of tax 2.9 31.6 (31.2 ) 0.1 (2.5 ) 0.9 Net income (loss) $ 2.5 $ 2.9 $ 2.9 $ (3.3 ) $ (2.5 ) $ 2.5 Net income (loss) $ 2.5 $ 2.9 $ 2.9 $ (3.3 ) $ (2.5 ) $ 2.5 Total other comprehensive income, net of tax 1.1 1.1 1.1 1.1 (3.3 ) 1.1 Total comprehensive income $ 3.6 $ 4.0 $ 4.0 $ (2.2 ) $ (5.8 ) $ 3.6 Three Months Ended March 31, 2018 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash flow provided by (used for) operating activities $ (0.4 ) $ (19.5 ) $ 81.8 $ 0.2 $ — $ 62.1 Investing activities: Capital expenditures — — (14.5 ) (2.3 ) — (16.8 ) Acquisitions — — (4.1 ) — — (4.1 ) MTA franchise rights — — (1.4 ) — — (1.4 ) Net proceeds from dispositions — — 0.2 — — 0.2 Net cash flow used for investing activities — — (19.8 ) (2.3 ) — (22.1 ) Financing activities: Proceeds from long-term debt borrowings — 10.0 — — — 10.0 Proceeds from borrowings under short-term debt facilities — — — 57.0 — 57.0 Repayments of borrowings under short-term debt facilities — — — (45.0 ) — (45.0 ) Taxes withheld for stock-based compensation — — (6.5 ) — — (6.5 ) Dividends (50.4 ) — — (0.7 ) — (51.1 ) Intercompany 50.8 17.8 (57.2 ) (11.4 ) — — Net cash flow provided by (used for) financing activities 0.4 27.8 (63.7 ) (0.1 ) — (35.6 ) Effect of exchange rate changes on cash and cash equivalents — — — (0.2 ) — (0.2 ) Net increase (decrease) in cash and cash equivalents — 8.3 (1.7 ) (2.4 ) — 4.2 Cash and cash equivalents at beginning of period — 10.2 3.7 34.4 — 48.3 Cash and cash equivalents at end of period $ — $ 18.5 $ 2.0 $ 32.0 $ — $ 52.5 Three Months Ended March 31, 2017 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash flow provided by (used for) operating activities $ (0.4 ) $ (18.9 ) $ 49.6 $ 1.9 $ — $ 32.2 Investing activities: Capital expenditures — — (15.8 ) (0.8 ) — (16.6 ) Acquisitions — — (0.9 ) — — (0.9 ) Net proceeds from dispositions — — 0.1 — — 0.1 Net cash flow used for investing activities — — (16.6 ) (0.8 ) — (17.4 ) Financing activities: Proceeds from long-term debt borrowings — 8.3 — — — 8.3 Payments of deferred financing costs — (7.0 ) — — — (7.0 ) Proceeds from stock option exercises 1.2 — — — — 1.2 Taxes withheld for stock-based compensation — — (6.0 ) — — (6.0 ) Dividends (50.2 ) — — — — (50.2 ) Intercompany 49.4 22.4 (59.4 ) (12.4 ) — — Other — — (0.2 ) — — (0.2 ) Net cash flow provided by (used for) financing activities 0.4 23.7 (65.6 ) (12.4 ) — (53.9 ) Effect of exchange rate changes on cash and cash equivalents — — — 0.2 — 0.2 Net increase (decrease) in cash and cash equivalents — 4.8 (32.6 ) (11.1 ) — (38.9 ) Cash and cash equivalents at beginning of period — 11.4 35.8 18.0 — 65.2 Cash and cash equivalents at end of period $ — $ 16.2 $ 3.2 $ 6.9 $ — $ 26.3

Description of Business and B27

Description of Business and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of Estimates	The preparation of our financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amount of revenues and expenses during the reporting period. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

New Accounting Standards (Polic

New Accounting Standards (Policies)	3 Months Ended
	Mar. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	Adoption of New Accounting Standards Revenue from Contracts with Customers In the first quarter of 2018, we adopted the Financial Accounting Standards Board’s (the “FASB’s”) principles-based guidance addressing revenue recognition issues, applying the modified retrospective method of adoption. The guidance is being applied to all contracts with customers regardless of industry-specific or transaction-specific fact patterns. The guidance requires that the amount of revenue a company should recognize reflect the consideration it expects to be entitled to in exchange for goods and services. The revenue recognition guidance is primarily applicable to our multi-year transit advertising contracts with municipalities in the U.S. and Canada, and marketing and multimedia rights agreements with colleges, universities and other educational institutions. Our billboard lease revenues are recognized under the lease accounting standard. The adoption of this guidance did not impact revenues from our multi-year transit advertising contracts, but resulted in the recognition of additional revenues of $1.8 million , additional operating expenses of $1.2 million and additional selling, general and administrative expenses of $0.6 million in our Sports Marketing operating segment in the three months ended March 31, 2018 , related to revenues that would have been recognized on a net basis under the old standard. Adoption of this guidance did not have a material effect on our consolidated financial statements. (See Note 9. Revenues to the Consolidated Financial Statements.)

Revenues Revenue from Contract

Revenues Revenue from Contract with Customers (Policies)	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenues	We derive Revenues from the following sources: (i) billboard displays, (ii) transit displays, and (iii) other. Billboard display revenues are derived from providing advertising space to customers on our physical billboards or other outdoor structures. We generally (i) own the physical structures on which we display advertising copy for our customers, (ii) hold the legal permits to display advertising thereon, and (iii) lease the underlying sites. Billboard display revenues are recognized under the lease accounting standard as rental income on a straight-line basis over the customer lease term. Transit display revenues are derived from agreements with municipalities and transit operators, which entitle us to operate advertising displays within their transit systems, including on the interior and exterior of rail and subway cars and buses, as well as on benches, transit shelters, street kiosks and transit platforms. Transit display contracts typically require the installation and delivery of multiple advertising displays, for which locations are not specifically identified. Installation services are highly interdependent with the provision of advertising space, and therefore the installation and display of advertising is recognized as a single performance obligation. Transit display revenues are recognized based on the level of units displayed in proportion to the total units to be displayed over the contract period. Other revenues are derived primarily from (i) the production of advertisements to be displayed on our billboards or other outdoor sites, or on displays that we operate within transit systems, and (ii) revenues from marketing and multimedia rights agreements with colleges, universities and other educational institutions, which entitle us to operate on-campus advertising displays, as well as manage marketing opportunities, media rights and experiential entertainment at sports events. Production services are not interrelated with the provision of advertising space and are considered a distinct performance obligation. Production revenue is recognized over the production period, which is typically very short in duration. Revenues from our Sports Marketing operating segment are principally derived from advertising and marketing arrangements and are recognized over the contract period. Our billboard display and transit display contracts with customers range from four weeks to one year and billing commences at the beginning of the contract term, with payment generally due within 30 days

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment	The table below presents the balances of major classes of assets and accumulated depreciation. As of (in millions) Estimated Useful Lives March 31, December 31, Land $ 96.9 $ 94.4 Buildings 20 to 40 years 51.3 51.3 Advertising structures 5 to 20 years 1,759.7 1,750.8 Furniture, equipment and other 3 to 10 years 121.0 120.7 Construction in progress 26.4 27.4 2,055.3 2,044.6 Less: accumulated depreciation 1,394.7 1,382.5 Property and equipment, net $ 660.6 $ 662.1

Goodwill and Other Intangible31

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	For the three months ended March 31, 2018 and the year ended December 31, 2017 , the changes in the book value of goodwill by segment were as follows: (in millions) U.S. Media Other Total As of December 31, 2016 $ 2,054.0 $ 35.4 $ 2,089.4 Currency translation adjustments — 4.3 4.3 Additions (a) — 34.3 34.3 As of December 31, 2017 2,054.0 74.0 2,128.0 Currency translation adjustments — (1.7 ) (1.7 ) As of March 31, 2018 $ 2,054.0 $ 72.3 $ 2,126.3 (a) Non-tax deductible addition associated with the Transaction (as defined below, see Note 8. Equity and Note 11. Acquisitions
Schedule of Finite-Lived Intangible Assets	Our identifiable intangible assets consist of the following: (in millions) Gross Accumulated Amortization Net As of March 31, 2018: Permits and leasehold agreements $ 1,110.4 $ (670.7 ) $ 439.7 Franchise agreements (a) 457.6 (348.8 ) 108.8 Other intangible assets 47.1 (27.1 ) 20.0 Total intangible assets $ 1,615.1 $ (1,046.6 ) $ 568.5 As of December 31, 2017: Permits and leasehold agreements $ 1,111.3 $ (661.6 ) $ 449.7 Franchise agreements (a) 455.4 (346.2 ) 109.2 Other intangible assets 47.1 (25.1 ) 22.0 Total intangible assets $ 1,613.8 $ (1,032.9 ) $ 580.9 (a) As of March 31, 2018 , includes $2.3 million and as of December 31, 2017 , includes $0.9 million related to MTA equipment deployment costs. (See Note 16. Commitments and Contingencies

Asset Retirement Obligation (Ta

Asset Retirement Obligation (Tables)	3 Months Ended
	Mar. 31, 2018
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Change in Asset Retirement Obligation	The following table sets forth the change in the asset retirement obligations associated with our advertising structures located on leased properties. The obligation is calculated based on the assumption that all of our advertising structures will be removed within the next 50 years. The estimated annual costs to dismantle and remove the structures upon the termination or non-renewal of our leases are consistent with our historical experience. (in millions) As of December 31, 2017 $ 34.7 Accretion expense 0.6 Liabilities settled (0.5 ) Foreign currency translation adjustments (0.1 ) As of March 31, 2018 $ 34.7

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Debt, net, consists of the following: As of (in millions, except percentages) March 31, December 31, Short-term debt: AR Facility $ 92.0 $ 80.0 Total short-term debt 92.0 80.0 Long-term debt: Revolving credit facility 10.0 — Term loan, due 2024 667.9 667.8 Senior unsecured notes: 5.250% senior unsecured notes, due 2022 549.6 549.6 5.625% senior unsecured notes, due 2024 502.5 502.6 5.875% senior unsecured notes, due 2025 450.0 450.0 Total senior unsecured notes 1,502.1 1,502.2 Debt issuance costs (23.6 ) (24.7 ) Total long-term debt, net 2,156.4 2,145.3 Total debt, net $ 2,248.4 $ 2,225.3 Weighted average cost of debt 4.9 % 4.8 %

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table summarizes revenues by source: Three Months Ended March 31, (in millions) 2018 2017 Billboard: Static displays $ 189.5 $ 189.1 Digital displays 41.9 33.3 Other 7.9 13.6 Billboard revenues 239.3 236.0 Transit: Static displays 67.8 69.2 Digital displays 10.7 8.4 Other 7.3 6.6 Total transit revenues 85.8 84.2 Sports marketing and other 12.8 10.4 Transit and other revenues 98.6 94.6 Total revenues $ 337.9 $ 330.6
Revenue from External Customers by Geographic Areas	The following table summarizes revenues by geography. Three Months Ended March 31, (in millions) 2018 2017 United States: Billboard $ 226.3 $ 225.1 Transit and other 83.6 82.0 Sports marketing and other 12.8 10.4 Total United States revenues 322.7 317.5 Canada 15.2 13.1 Total revenues $ 337.9 $ 330.6

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation expense	The following table summarizes our stock-based compensation expense for the three months ended March 31, 2018 and 2017 . Three Months Ended March 31, (in millions) 2018 2017 Restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”) $ 5.0 $ 5.3 Stock options — 0.1 Stock-based compensation expense, before income taxes 5.0 5.4 Tax benefit (0.3 ) (0.5 ) Stock-based compensation expense, net of tax $ 4.7 $ 4.9
Activity of RSUs and PRSUs Issued to Our Employees	The following table summarizes activity for the three months ended March 31, 2018 , of RSUs and PRSUs issued to our employees. Activity Weighted Average Per Share Grant Date Fair Market Value Non-vested as of December 31, 2017 1,632,120 $ 24.43 Granted: RSUs 785,691 21.52 PRSUs 383,913 21.52 Vested: RSUs (521,058 ) 24.59 PRSUs (259,819 ) 24.97 Forfeitures: RSUs (7,158 ) 24.63 PRSUs (45,849 ) 27.17 Non-vested as of March 31, 2018 1,967,840 22.52
Activity of Stock Options Issued to Our Employees	The following table summarizes activity for the three months ended March 31, 2018 , of stock options issued to our employees. Activity Weighted Average Exercise Price Outstanding as of December 31, 2017 165,293 $ 20.69 Exercised (23,446 ) 6.25 Outstanding as of March 31, 2018 141,847 23.08 Exercisable as of March 31, 2018 141,847 23.08

Retirement Benefits (Tables)

Retirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The following table presents the components of net periodic pension cost and amounts recognized in other comprehensive income (loss) for our pension plans: Three Months Ended March 31, (in millions) 2018 2017 Components of net periodic pension cost: Service cost $ 0.4 $ 0.3 Interest cost 0.5 0.5 Expected return on plan assets (0.6 ) (0.5 ) Amortization of net actuarial losses (a) 0.1 0.1 Net periodic pension cost $ 0.4 $ 0.4 (a)

Earnings Per Share ("EPS") (Tab

Earnings Per Share ("EPS") (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended March 31, (in millions) 2018 2017 Net income available for common stockholders $ 9.1 $ 2.5 Less: Distributions to holders of Class A equity interests of a subsidiary 0.7 — Net income available for common stockholders, basic and diluted $ 8.4 $ 2.5 Weighted average shares for basic EPS 138.8 138.3 Dilutive potential shares from grants of RSUs, PRSUs and stock options (a) 0.3 0.6 Weighted average shares for diluted EPS 139.1 138.9 (a) The potential impact of an aggregate 0.8 million granted RSUs, PRSUs and stock options in the three months ended March 31, 2018 , and 0.3 million granted RSUs, PRSUs and stock options in the three months ended March 31, 2017 , were antidilutive. (b) The potential impact of 2.0 million shares of Class A equity interests of Outfront Canada in the three months ended March 31, 2018 , was antidilutive. (See Note 8. Equity

Commitment and Contingencies Co

Commitment and Contingencies Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Contractual obligation, fiscal year maturity schedule	During the three months ended March 31, 2018 , several transit franchise contracts were renewed, resulting in additional guaranteed minimum annual payments. As of March 31, 2018 , guaranteed minimum annual payments are as follows: (in millions) Guaranteed Minimum Annual Payments 2018 $ 174.2 2019 197.7 2020 178.4 2021 176.8 2022 175.6 2023 and thereafter 858.1 Total minimum payments $ 1,760.8

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	The following tables set forth our financial performance by segment. Three Months Ended March 31, (in millions) 2018 2017 Revenues: U.S. Media $ 309.9 $ 307.1 Other 28.0 23.5 Total revenues $ 337.9 $ 330.6
Adjusted OIBDA by Segment and Reconciliation to Consolidated Net Income	Three Months Ended March 31, (in millions) 2018 2017 Net income $ 9.1 $ 2.5 Benefit for income taxes (6.7 ) (3.7 ) Equity in earnings of investee companies, net of tax (0.8 ) (0.9 ) Interest expense, net 30.0 28.1 Other expense, net 0.1 — Operating income 31.7 26.0 Restructuring charges 1.1 1.8 Net (gain) loss on dispositions (0.2 ) 0.4 Depreciation and amortization 43.6 46.6 Stock-based compensation 5.0 5.4 Total Adjusted OIBDA $ 81.2 $ 80.2 Adjusted OIBDA: U.S. Media $ 88.9 $ 92.4 Other (0.8 ) (1.1 ) Corporate (6.9 ) (11.1 ) Total Adjusted OIBDA $ 81.2 $ 80.2
Tabular Disclosure by Reportable Segments	Three Months Ended March 31, (in millions) 2018 2017 Operating income (loss): U.S. Media $ 50.6 $ 47.5 Other (7.0 ) (5.0 ) Corporate (11.9 ) (16.5 ) Total operating income $ 31.7 $ 26.0 Net (gain) loss on dispositions: U.S. Media $ (0.2 ) $ 0.4 Total (gain) loss on dispositions $ (0.2 ) $ 0.4 Depreciation and amortization: U.S. Media $ 38.0 $ 42.7 Other 5.6 3.9 Total depreciation and amortization $ 43.6 $ 46.6 Capital expenditures: U.S. Media $ 14.4 $ 15.8 Other 2.4 0.8 Total capital expenditures $ 16.8 $ 16.6
Reconciliation of Assets from Segment to Consolidated	As of (in millions) March 31, 2018 December 31, 2017 Assets: U.S. Media $ 3,496.0 $ 3,528.8 Other 251.2 263.8 Corporate 23.5 15.6 Total assets $ 3,770.7 $ 3,808.2

Condensed Consolidating Finan40

Condensed Consolidating Financial Information (Tables)	3 Months Ended
	Mar. 31, 2018
Condensed Consolidating Financial Information [Abstract]
Condensed Statement of Financial Position	As of March 31, 2018 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Current assets: Cash and cash equivalents $ — $ 18.5 $ 2.0 $ 32.0 $ — $ 52.5 Receivables, less allowance — — 31.6 180.0 (22.8 ) 188.8 Other current assets — 1.2 95.6 128.4 (112.1 ) 113.1 Total current assets — 19.7 129.2 340.4 (134.9 ) 354.4 Property and equipment, net — — 608.4 52.2 — 660.6 Goodwill — — 2,059.9 66.4 — 2,126.3 Intangible assets — — 502.0 66.5 — 568.5 Investment in subsidiaries 1,131.8 3,294.6 369.0 — (4,795.4 ) — Other assets — 3.1 54.9 2.9 — 60.9 Intercompany — — 123.8 148.3 (272.1 ) — Total assets $ 1,131.8 $ 3,317.4 $ 3,847.2 $ 676.7 $ (5,202.4 ) $ 3,770.7 Total current liabilities $ — $ 29.2 $ 299.1 $ 111.3 $ (134.9 ) $ 304.7 Long-term debt, net — 2,156.4 — — — 2,156.4 Deferred income tax liabilities, net — — — 16.9 — 16.9 Asset retirement obligation — — 29.9 4.8 — 34.7 Deficit in excess of investment of subsidiaries — — 2,162.8 — (2,162.8 ) — Other liabilities — — 75.3 5.3 — 80.6 Intercompany — — 148.3 123.8 (272.1 ) — Total liabilities — 2,185.6 2,715.4 262.1 (2,569.8 ) 2,593.3 Total stockholders’ equity 1,131.8 1,131.8 1,131.8 369.0 (2,632.6 ) 1,131.8 Non-controlling interests — — — 45.6 — 45.6 Total equity 1,131.8 1,131.8 1,131.8 414.6 (2,632.6 ) 1,177.4 Total liabilities and equity $ 1,131.8 $ 3,317.4 $ 3,847.2 $ 676.7 $ (5,202.4 ) $ 3,770.7 As of December 31, 2017 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Current assets: Cash and cash equivalents $ — $ 10.2 $ 3.7 $ 34.4 $ — $ 48.3 Receivables, less allowance — — 42.1 202.7 (13.7 ) 231.1 Other current assets — 1.0 89.0 20.0 (13.4 ) 96.6 Total current assets — 11.2 134.8 257.1 (27.1 ) 376.0 Property and equipment, net — — 609.1 53.0 — 662.1 Goodwill — — 2,059.9 68.1 — 2,128.0 Intangible assets — — 511.5 69.4 — 580.9 Investment in subsidiaries 1,181.1 3,333.6 293.4 — (4,808.1 ) — Other assets — 3.3 55.1 2.8 — 61.2 Intercompany — — 123.9 148.3 (272.2 ) — Total assets $ 1,181.1 $ 3,348.1 $ 3,787.7 $ 598.7 $ (5,107.4 ) $ 3,808.2 Total current liabilities $ — $ 21.7 $ 199.4 $ 105.6 $ (27.1 ) $ 299.6 Long-term debt, net — 2,145.3 — — — 2,145.3 Deferred income tax liabilities, net — — — 19.6 — 19.6 Asset retirement obligation — — 29.7 5.0 — 34.7 Deficit in excess of investment of subsidiaries — — 2,152.5 — (2,152.5 ) — Other liabilities — — 76.7 5.7 — 82.4 Intercompany — — 148.3 123.9 (272.2 ) — Total liabilities — 2,167.0 2,606.6 259.8 (2,451.8 ) 2,581.6 Total stockholders’ equity 1,181.1 1,181.1 1,181.1 293.4 (2,655.6 ) 1,181.1 Non-controlling interests — — — 45.5 — 45.5 Total equity 1,181.1 1,181.1 1,181.1 338.9 (2,655.6 ) 1,226.6 Total liabilities and equity $ 1,181.1 $ 3,348.1 $ 3,787.7 $ 598.7 $ (5,107.4 ) $ 3,808.2
Condensed Statement of Operations	Three Months Ended March 31, 2018 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenues: Billboard $ — $ — $ 226.2 $ 13.1 $ — $ 239.3 Transit and other — — 96.4 2.2 — 98.6 Total revenues — — 322.6 15.3 — 337.9 Expenses: Operating — — 184.2 12.9 — 197.1 Selling, general and administrative 0.4 0.1 62.9 1.2 — 64.6 Restructuring charges — — 1.1 — — 1.1 Net gain on dispositions — — (0.2 ) — — (0.2 ) Depreciation — — 17.7 3.4 — 21.1 Amortization — — 20.7 1.8 — 22.5 Total expenses 0.4 0.1 286.4 19.3 — 306.2 Operating income (loss) (0.4 ) (0.1 ) 36.2 (4.0 ) — 31.7 Interest expense, net — (28.6 ) (0.9 ) (0.5 ) — (30.0 ) Other expense, net — — — (0.1 ) — (0.1 ) Income (loss) before benefit for income taxes and equity in earnings of investee companies (0.4 ) (28.7 ) 35.3 (4.6 ) — 1.6 Benefit for income taxes — — 1.3 5.4 — 6.7 Equity in earnings of investee companies, net of tax 9.5 38.2 (27.1 ) 0.1 (19.9 ) 0.8 Net income $ 9.1 $ 9.5 $ 9.5 $ 0.9 $ (19.9 ) $ 9.1 Net income $ 9.1 $ 9.5 $ 9.5 $ 0.9 $ (19.9 ) $ 9.1 Total other comprehensive income, net of tax (5.1 ) (5.1 ) (5.1 ) (5.1 ) 15.3 (5.1 ) Total comprehensive income $ 4.0 $ 4.4 $ 4.4 $ (4.2 ) $ (4.6 ) $ 4.0 Three Months Ended March 31, 2017 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Revenues: Billboard $ — $ — $ 225.1 $ 10.9 $ — $ 236.0 Transit and other — — 92.3 2.3 — 94.6 Total revenues — — 317.4 13.2 — 330.6 Expenses: Operating — — 180.4 11.5 — 191.9 Selling, general and administrative 0.4 0.7 59.3 3.5 — 63.9 Restructuring charges — — 1.8 — — 1.8 Net loss on dispositions — — 0.4 — — 0.4 Depreciation — — 20.0 2.9 — 22.9 Amortization — — 23.2 0.5 — 23.7 Total expenses 0.4 0.7 285.1 18.4 — 304.6 Operating income (loss) (0.4 ) (0.7 ) 32.3 (5.2 ) — 26.0 Interest expense, net — (28.0 ) (0.1 ) — — (28.1 ) Income (loss) before benefit for income taxes and equity in earnings of investee companies (0.4 ) (28.7 ) 32.2 (5.2 ) — (2.1 ) Benefit for income taxes — — 1.9 1.8 — 3.7 Equity in earnings of investee companies, net of tax 2.9 31.6 (31.2 ) 0.1 (2.5 ) 0.9 Net income (loss) $ 2.5 $ 2.9 $ 2.9 $ (3.3 ) $ (2.5 ) $ 2.5 Net income (loss) $ 2.5 $ 2.9 $ 2.9 $ (3.3 ) $ (2.5 ) $ 2.5 Total other comprehensive income, net of tax 1.1 1.1 1.1 1.1 (3.3 ) 1.1 Total comprehensive income $ 3.6 $ 4.0 $ 4.0 $ (2.2 ) $ (5.8 ) $ 3.6
Condensed Statements of Cash Flows	Three Months Ended March 31, 2018 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash flow provided by (used for) operating activities $ (0.4 ) $ (19.5 ) $ 81.8 $ 0.2 $ — $ 62.1 Investing activities: Capital expenditures — — (14.5 ) (2.3 ) — (16.8 ) Acquisitions — — (4.1 ) — — (4.1 ) MTA franchise rights — — (1.4 ) — — (1.4 ) Net proceeds from dispositions — — 0.2 — — 0.2 Net cash flow used for investing activities — — (19.8 ) (2.3 ) — (22.1 ) Financing activities: Proceeds from long-term debt borrowings — 10.0 — — — 10.0 Proceeds from borrowings under short-term debt facilities — — — 57.0 — 57.0 Repayments of borrowings under short-term debt facilities — — — (45.0 ) — (45.0 ) Taxes withheld for stock-based compensation — — (6.5 ) — — (6.5 ) Dividends (50.4 ) — — (0.7 ) — (51.1 ) Intercompany 50.8 17.8 (57.2 ) (11.4 ) — — Net cash flow provided by (used for) financing activities 0.4 27.8 (63.7 ) (0.1 ) — (35.6 ) Effect of exchange rate changes on cash and cash equivalents — — — (0.2 ) — (0.2 ) Net increase (decrease) in cash and cash equivalents — 8.3 (1.7 ) (2.4 ) — 4.2 Cash and cash equivalents at beginning of period — 10.2 3.7 34.4 — 48.3 Cash and cash equivalents at end of period $ — $ 18.5 $ 2.0 $ 32.0 $ — $ 52.5 Three Months Ended March 31, 2017 (in millions) Parent Company Subsidiary Issuer Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash flow provided by (used for) operating activities $ (0.4 ) $ (18.9 ) $ 49.6 $ 1.9 $ — $ 32.2 Investing activities: Capital expenditures — — (15.8 ) (0.8 ) — (16.6 ) Acquisitions — — (0.9 ) — — (0.9 ) Net proceeds from dispositions — — 0.1 — — 0.1 Net cash flow used for investing activities — — (16.6 ) (0.8 ) — (17.4 ) Financing activities: Proceeds from long-term debt borrowings — 8.3 — — — 8.3 Payments of deferred financing costs — (7.0 ) — — — (7.0 ) Proceeds from stock option exercises 1.2 — — — — 1.2 Taxes withheld for stock-based compensation — — (6.0 ) — — (6.0 ) Dividends (50.2 ) — — — — (50.2 ) Intercompany 49.4 22.4 (59.4 ) (12.4 ) — — Other — — (0.2 ) — — (0.2 ) Net cash flow provided by (used for) financing activities 0.4 23.7 (65.6 ) (12.4 ) — (53.9 ) Effect of exchange rate changes on cash and cash equivalents — — — 0.2 — 0.2 Net increase (decrease) in cash and cash equivalents — 4.8 (32.6 ) (11.1 ) — (38.9 ) Cash and cash equivalents at beginning of period — 11.4 35.8 18.0 — 65.2 Cash and cash equivalents at end of period $ — $ 16.2 $ 3.2 $ 6.9 $ — $ 26.3

Description of Business and B41

Description of Business and Basis of Presentation - Narrative (Details)	3 Months Ended
	Mar. 31, 2018marketssegment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of largest domestic markets in which the entity operates	25
Approximate number of markets in which the entity operates	140
Number of operating segments | segment	3

New Accounting Standards Narrat

New Accounting Standards Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)leases	Mar. 31, 2017USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Transit and other	$ 98.6	$ 94.6
Operating	197.1	191.9
Selling, general and administrative	64.6	$ 63.9
Adjustments for New Accounting Pronouncement
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Transit and other	1.8
Operating	1.2
Selling, general and administrative	$ 0.6
UNITED STATES
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of leases | leases	21,300
CANADA
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of leases | leases	3,200

Property and Equipment - Summar

Property and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Property and Equipment [Line Items]
Property and equipment	$ 2,055.3	$ 2,044.6
Less: accumulated depreciation	1,394.7	1,382.5
Property and equipment, net	660.6	662.1
Land
Property and Equipment [Line Items]
Property and equipment	96.9	94.4
Buildings
Property and Equipment [Line Items]
Property and equipment	$ 51.3	51.3
Buildings | Minimum
Property and Equipment [Line Items]
Property and equipment, useful life	20 years
Buildings | Maximum
Property and Equipment [Line Items]
Property and equipment, useful life	40 years
Advertising structures
Property and Equipment [Line Items]
Property and equipment	$ 1,759.7	1,750.8
Advertising structures | Minimum
Property and Equipment [Line Items]
Property and equipment, useful life	5 years
Advertising structures | Maximum
Property and Equipment [Line Items]
Property and equipment, useful life	20 years
Furniture, equipment and other
Property and Equipment [Line Items]
Property and equipment	$ 121	120.7
Furniture, equipment and other | Minimum
Property and Equipment [Line Items]
Property and equipment, useful life	3 years
Furniture, equipment and other | Maximum
Property and Equipment [Line Items]
Property and equipment, useful life	10 years
Construction in progress
Property and Equipment [Line Items]
Property and equipment	$ 26.4	$ 27.4

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Depreciation	$ 21.1	$ 22.9

Goodwill and Other Intangible45

Goodwill and Other Intangible Assets Schedule of Goodwill (Details) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
		Mar. 31, 2018	Dec. 31, 2017
Goodwill [Roll Forward]
Goodwill, Beginning Balance		$ 2,128	$ 2,089.4
Currency translation adjustments		(1.7)	4.3
Additions	[1]		34.3
Goodwill, Ending Balance		2,126.3	2,128
U.S. Media
Goodwill [Roll Forward]
Goodwill, Beginning Balance		2,054	2,054
Currency translation adjustments		0	0
Additions			0
Goodwill, Ending Balance		2,054	2,054
Other
Goodwill [Roll Forward]
Goodwill, Beginning Balance		74	35.4
Currency translation adjustments		(1.7)	4.3
Additions	[1]	34.3	34.3
Goodwill, Ending Balance		$ 72.3	$ 74
[1]	Non-tax deductible addition associated with the Transaction (as defined below, see Note 8. Equity and Note 11. Acquisitions

Goodwill and Other Intangible46

Goodwill and Other Intangible Assets Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Gross		$ 1,615.1	$ 1,613.8
Accumulated amortization		(1,046.6)	(1,032.9)
Intangible assets		568.5	580.9
Permits and leasehold agreements
Finite-Lived Intangible Assets [Line Items]
Gross		1,110.4	1,111.3
Accumulated amortization		(670.7)	(661.6)
Intangible assets		439.7	449.7
Franchise agreements
Finite-Lived Intangible Assets [Line Items]
Gross	[1]	457.6	455.4
Accumulated amortization		(348.8)	(346.2)
Intangible assets		108.8	109.2
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross		47.1	47.1
Accumulated amortization		(27.1)	(25.1)
Intangible assets		$ 20	$ 22
[1]	As of March 31, 2018 , includes $2.3 million and as of December 31, 2017 , includes $0.9 million related to MTA equipment deployment costs. (See Note 16. Commitments and Contingencies to the Consolidated Financial Statements.)

Goodwill and Other Intangible47

Goodwill and Other Intangible Assets Narrative (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets		$ 1,615.1		$ 1,613.8
Amortization of intangible assets		22.5	$ 23.7
Amortization of direct lease acquisition costs		8.7	$ 8.7
Franchise agreements
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	[1]	$ 457.6		455.4
Direct lease acquisition costs | Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life		28 days
Direct lease acquisition costs | Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life		1 year
MTA equipment deployment costs | Franchise agreements
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets		$ 2.3		$ 0.9
[1]	As of March 31, 2018 , includes $2.3 million and as of December 31, 2017 , includes $0.9 million related to MTA equipment deployment costs. (See Note 16. Commitments and Contingencies to the Consolidated Financial Statements.)

Asset Retirement Obligation - N

Asset Retirement Obligation - Narrative (Details)	3 Months Ended
	Mar. 31, 2018
Asset Retirement Obligation Disclosure [Abstract]
Asset retirement obligation, expected term	50 years
Asset retirement obligations, description	The obligation is calculated based on the assumption that all of our advertising structures will be removed within the next 50 years.

Asset Retirement Obligation - S

Asset Retirement Obligation - Schedule of Change in Asset Retirement Obligation (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
As of December 31, 2017	$ 34.7
Accretion expense	0.6
Liabilities settled	(0.5)
Foreign currency translation adjustments	(0.1)
As of March 31, 2018	$ 34.7

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)joint_ventureDisplays	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Related Party Transaction [Line Items]
Equity method investment, ownership percentage	50.00%
Equity method investments | $	$ 20.1		$ 19.5
Management fee revenue | $	$ 1.6	$ 1.5
Transit shelter joint ventures
Related Party Transaction [Line Items]
Equity method investment, number of investments | joint_venture	2
Acquired businesses
Related Party Transaction [Line Items]
Equity method investment, number of investments | joint_venture	4
Equity method investment, number of displays | Displays	15

Debt - Schedule of Long-Term De

Debt - Schedule of Long-Term Debt Instruments (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total short-term debt	$ 92	$ 80
Long-term debt, net	2,156.4	2,145.3
Debt issuance costs	(23.6)	(24.7)
Total debt, net	$ 2,248.4	$ 2,225.3
Weighted average cost of debt	4.90%	4.80%
Secured debt | Term loan, due 2024
Debt Instrument [Line Items]
Long-term debt, net	$ 667.9	$ 667.8
Maturity date	Mar. 16, 2024	Mar. 16, 2024
Senior unsecured notes
Debt Instrument [Line Items]
Long-term debt, net	$ 1,502.1	$ 1,502.2
Senior unsecured notes | 5.250% senior unsecured notes, due 2022
Debt Instrument [Line Items]
Long-term debt, net	$ 549.6	$ 549.6
Stated interest rate	5.25%	5.25%
Maturity date	Jan. 31, 2022	Jan. 31, 2022
Senior unsecured notes | 5.625% senior unsecured notes, due 2024
Debt Instrument [Line Items]
Long-term debt, net	$ 502.5	$ 502.6
Stated interest rate	5.625%	5.625%
Maturity date	Jan. 31, 2024	Jan. 31, 2024
Senior unsecured notes | 5.875% senior unsecured notes, due 2025
Debt Instrument [Line Items]
Long-term debt, net	$ 450	$ 450
Stated interest rate	5.875%	5.875%
Maturity date	Mar. 15, 2025	Mar. 15, 2025
Short-term debt | AR Facility
Debt Instrument [Line Items]
Credit facility, outstanding amount	$ 92	$ 80
Long-term debt | Revolving credit facility
Debt Instrument [Line Items]
Credit facility, outstanding amount	$ 10	$ 0

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Millions	Jun. 30, 2017	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)	May 02, 2018USD ($)
Line of Credit Facility [Line Items]
Debt instrument, covenant description		The Credit Agreement also requires that, in connection with the incurrence of certain indebtedness, we satisfy a Consolidated Total Leverage Ratio, which is the ratio of our consolidated total debt to our Consolidated EBITDA for the trailing four consecutive quarters, of no greater than 6.0 to 1.0.
Maximum consolidated total leverage ratio		6
Consolidated total leverage ratio		4.8
Debt Instrument [Line Items]
Deferred financing costs		$ 28.1
Secured debt | Term loan, due 2024
Debt Instrument [Line Items]
Interest rate at period end		3.90%
Unamortized debt discount		$ 2.1
Maturity date		Mar. 16, 2024		Mar. 16, 2024
Senior unsecured notes | 5.250% senior unsecured notes, due 2022
Debt Instrument [Line Items]
Unamortized debt discount		$ 0.4
Debt face amount		$ 150
Stated interest rate		5.25%		5.25%
Maturity date		Jan. 31, 2022		Jan. 31, 2022
Senior unsecured notes | 5.625% senior unsecured notes, due 2024
Debt Instrument [Line Items]
Debt face amount		$ 100
Unamortized premium		$ 2.5
Stated interest rate		5.625%		5.625%
Maturity date		Jan. 31, 2024		Jan. 31, 2024
Senior unsecured notes | 5.875% senior unsecured notes, due 2025
Debt Instrument [Line Items]
Stated interest rate		5.875%		5.875%
Maturity date		Mar. 15, 2025		Mar. 15, 2025
Fair Value, Inputs, Level 2
Debt Instrument [Line Items]
Long-term debt at fair value		$ 2,300		$ 2,300
Revolving credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 430
Credit facility, expiration date		Mar. 16, 2022		Mar. 16, 2022
Commitment fee for unused commitments		$ 0.3	$ 0.2
Debt instrument, covenant description		The terms of the Credit Agreement (and under certain circumstances, the agreements governing the AR Facility) require that we maintain a Consolidated Net Secured Leverage Ratio, which is the ratio of (i) our consolidated secured debt (less up to $150.0 million of unrestricted cash) to (ii) our Consolidated EBITDA (as defined in the Credit Agreement) for the trailing four consecutive quarters, of no greater than 4.0 to 1.0.
Maximum consolidated net secured coverage ratio		4
Consolidated net secured leverage ratio		1.4
Revolving credit facility | Long-term debt
Line of Credit Facility [Line Items]
Credit facility, outstanding amount		$ 10		$ 0
Revolving credit facility | Maximum
Line of Credit Facility [Line Items]
Debt covenant, restricted cash limit		150
Letter Of Credit Sublimit To Revolving Credit Facility
Line of Credit Facility [Line Items]
Letters of Credit Outstanding, Amount		88.5
AR Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 100
Line of credit facility, expiration period	3 years
Credit facility, expiration date		Jun. 30, 2020
AR Facility | Short-term debt
Line of Credit Facility [Line Items]
Credit facility, outstanding amount		$ 92		$ 80
Short-term debt, weighted average interest rate, at point in time		2.70%
Line of Credit Facility, Remaining Borrowing Capacity		$ 0
AR Facility | Maximum
Line of Credit Facility [Line Items]
Debt Instrument, Collateral Amount		173.9
Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity		150
Letters of Credit Outstanding, Amount		$ 119.6
Subsequent Event | Revolving credit facility | Long-term debt
Line of Credit Facility [Line Items]
Credit facility, outstanding amount					$ 24
Subsequent Event | AR Facility | Short-term debt
Line of Credit Facility [Line Items]
Credit facility, outstanding amount					$ 86.5
Short-term debt, weighted average interest rate, at point in time					2.90%

Equity - Narrative (Details)

Equity - Narrative (Details) $ / shares in Units, $ in Millions	Jun. 29, 2018	Jun. 08, 2018	May 02, 2018USD ($)shares	Apr. 25, 2018$ / shares	Jun. 13, 2017shares	Mar. 31, 2018USD ($)$ / sharesshares	Mar. 31, 2017USD ($)$ / shares	Dec. 31, 2017$ / sharesshares	Nov. 21, 2017USD ($)	Dec. 31, 2016$ / shares
Class of Stock [Line Items]
Temporary equity, contract terms						The Class A equity interests may be redeemed by the holders in exchange for shares of the Company’s common stock on a one-for-one basis (subject to anti-dilution adjustments) or, at the Company’s option, cash equal to the then fair market value of the shares of the Company’s common stock commencing (i) one year after closing, with respect to 55% of the Class A equity interests, and (ii) 18 months after closing, with respect to the remaining 45% of the Class A equity interests. In connection with the Transaction, the Company has agreed to limitations on its ability to sell or otherwise dispose of the assets acquired from All Vision for a period of five years, unless it pays holders of the Class A equity interests in Outfront Canada an amount intended to approximate their resulting tax liability
Exchange ratio Class A Equity Interests for common stock						1
Restriction for disposition of assets acquired						5 years
Distributions to holders of Class A equity interests of a subsidiary | $						$ 51.1	$ 50.2
Common Stock, Shares Authorized						450,000,000		450,000,000
Common stock, par value per share | $ / shares						$ 0.01	$ 0.01	$ 0.01		$ 0.01
Common Stock, Shares Issued						139,183,587		138,644,917
Common Stock, Shares Outstanding						139,183,587		138,644,917
Preferred Stock, Shares Authorized						50,000,000
Preferred stock, par value per share | $ / shares						$ 0.01
Preferred Stock, Shares Issued						0
Preferred Stock, Shares Outstanding						0
At-The-Market Equity Offering Program, Authorized Amount Outstanding | $									$ 300
Dividends declared per common share (in dollars per share) | $ / shares						$ 0.36	$ 0.36
Subsequent Event
Class of Stock [Line Items]
At-The-Market Equity Offering Program, Authorized Amount Outstanding | $			$ 300
Dividends Payable, Date Declared				Apr. 25, 2018
Dividends declared per common share (in dollars per share) | $ / shares				$ 0.36
Ordinary dividend | Subsequent Event
Class of Stock [Line Items]
Dividends Payable, Date to be Paid	Jun. 29, 2018
Dividends Payable, Date of Record		Jun. 8, 2018
At-The-Market Equity Offering Program | Subsequent Event
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues			0
Noncontrolling Interest
Class of Stock [Line Items]
Equity interest issued for an acquisition (in shares)					1,953,407	1,953,407
Distributions to holders of Class A equity interests of a subsidiary | $						$ 0.7	$ 0
Noncontrolling Interest | Tranche 1
Class of Stock [Line Items]
Redemption restriction period						1 year
Percentage of redeemable equity interests						55.00%
Noncontrolling Interest | Tranche 2
Class of Stock [Line Items]
Redemption restriction period						18 months
Percentage of redeemable equity interests						45.00%

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2018	Mar. 31, 2018	Mar. 31, 2017
Revenue from Contract with Customer [Abstract]
Customer Billing Term		30 days
Revenue, Remaining Performance Obligation	$ 55.9	$ 55.9
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	5 years
Rental income		$ 231.4	$ 222.4

Revenues Disaggregation of Reve

Revenues Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Billboard	$ 239.3	$ 236
Transit and other	98.6	94.6
Revenues	337.9	330.6
Static displays
Disaggregation of Revenue [Line Items]
Billboard	189.5	189.1
Transit and other	67.8	69.2
Digital displays
Disaggregation of Revenue [Line Items]
Billboard	41.9	33.3
Transit and other	10.7	8.4
Other
Disaggregation of Revenue [Line Items]
Billboard	7.9	13.6
Transit and other	7.3	6.6
Transit
Disaggregation of Revenue [Line Items]
Transit and other	85.8	84.2
Sports marketing and other
Disaggregation of Revenue [Line Items]
Transit and other	$ 12.8	$ 10.4

Revenues Revenue from External

Revenues Revenue from External Customers by Geographic Areas (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Billboard	$ 239.3	$ 236
Transit and other	98.6	94.6
Revenues	337.9	330.6
UNITED STATES
Disaggregation of Revenue [Line Items]
Billboard	226.3	225.1
Revenues	322.7	317.5
CANADA
Disaggregation of Revenue [Line Items]
Revenues	15.2	13.1
Transit
Disaggregation of Revenue [Line Items]
Transit and other	85.8	84.2
Transit | UNITED STATES
Disaggregation of Revenue [Line Items]
Transit and other	83.6	82
Sports marketing and other
Disaggregation of Revenue [Line Items]
Transit and other	12.8	10.4
Sports marketing and other | UNITED STATES
Disaggregation of Revenue [Line Items]
Transit and other	$ 12.8	$ 10.4

Restructuring Charges - Narrati

Restructuring Charges - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 1.1	$ 1.8
Restructuring Reserve	4.3
Operating segments | Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.6
Operating segments | U.S. Media
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 0.5	$ 1.8

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ in Millions		Jun. 13, 2017	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Business Acquisition [Line Items]
Noncash or part noncash acquisition, value of assets acquired			$ 4.1	$ 0.9
Payments to acquire businesses, net of cash acquired			(4.1)	$ (0.9)
Finite-lived intangible assets acquired			68
Goodwill acquired during period	[1]				$ 34.3
Acquired deferred tax liabilities			17
Acquired other assets and liabilities			9.1
Other
Business Acquisition [Line Items]
Goodwill acquired during period	[1]		$ 34.3		$ 34.3
Noncontrolling Interest
Business Acquisition [Line Items]
Equity interest of a subsidiary issued for an acquisition (value)		$ 44.4
Equity interest issued for an acquisition (in shares)		1,953,407	1,953,407
Acquired businesses
Business Acquisition [Line Items]
Noncash or part noncash acquisition, value of assets acquired		$ 94.4
Payments to acquire businesses, net of cash acquired		$ (50)
[1]	Non-tax deductible addition associated with the Transaction (as defined below, see Note 8. Equity and Note 11. Acquisitions

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - Restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation not yet recognized, share-based awards other than options	$ 38.3
Compensation cost not yet recognized, period for recognition	2 years 4 months 24 days

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Allocation of Share-based Compensation Costs by Plan (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, before income taxes	$ 5	$ 5.4
Tax benefit	(0.3)	(0.5)
Stock-based compensation expense, net of tax	4.7	4.9
Restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, before income taxes	5	5.3
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, before income taxes	$ 0	$ 0.1

Stock-Based Compensation - Sc61

Stock-Based Compensation - Schedule of RSU and PRSU Award Activity (Details)	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Restricted share units (“RSUs”) and performance-based RSUs (“PRSUs”)
RSUs and PRSUs, Nonvested, Number of Shares [Roll Forward]
Non-vested as of December 31, 2017 | shares	1,632,120
Non-vested as of March 31, 2018 | shares	1,967,840
RSUs and PRSUs, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Non-Vested, as of December 31, 2017 (per share) | $ / shares	$ 24.43
Weighted Average Grant Date Fair Value, Non-Vested, as of March 31, 2018 (per share) | $ / shares	$ 22.52
Restricted Stock Units (RSUs)
RSUs and PRSUs, Nonvested, Number of Shares [Roll Forward]
Granted | shares	785,691
Vested | shares	(521,058)
Forfeitures | shares	(7,158)
RSUs and PRSUs, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Grants (per share) | $ / shares	$ 21.52
Weighted Average Grant Date Fair Value, Vested (per share) | $ / shares	24.59
Weighted Average Grant Date Fair Value, Forfeited (per share) | $ / shares	$ 24.63
Performance Restricted Stock Units (PRSUs)
RSUs and PRSUs, Nonvested, Number of Shares [Roll Forward]
Granted | shares	383,913
Vested | shares	(259,819)
Forfeitures | shares	(45,849)
RSUs and PRSUs, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Grants (per share) | $ / shares	$ 21.52
Weighted Average Grant Date Fair Value, Vested (per share) | $ / shares	24.97
Weighted Average Grant Date Fair Value, Forfeited (per share) | $ / shares	$ 27.17

Stock-Based Compensation - Sc62

Stock-Based Compensation - Schedule of Stock Options Roll Forward (Details) - Stock options	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding as of December 31, 2017 | shares	165,293
Exercised | shares	(23,446)
Outstanding as of March 31, 2018 | shares	141,847
Exercisable as of March 31, 2018 | shares	141,847
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted average exercise price, options outstanding, as of December 31, 2017 | $ / shares	$ 20.69
Weighted average exercise price, options exercised | $ / shares	6.25
Weighted average exercise price, options outstanding, as of March 31, 2018 | $ / shares	23.08
Weighted average exercise price, options exercisable, as of March 31, 2018 | $ / shares	$ 23.08

Retirement Benefits - Schedule

Retirement Benefits - Schedule of Net Benefit Costs (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost		$ 0.4	$ 0.3
Interest cost		0.5	0.5
Expected return on plan assets		(0.6)	(0.5)
Amortization of net actuarial losses	[1]	0.1	0.1
Net periodic pension cost		$ 0.4	$ 0.4
[1]	Reflects amounts reclassified from accumulated other comprehensive income to net income.

Retirement Benefits - Narrative

Retirement Benefits - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Retirement Benefits [Abstract]
Pension contributions	$ 0.4
Estimated future employer contributions in current fiscal year	$ 2.5

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Maximum
Operating Loss Carryforwards [Line Items]
Federal statutory income tax rate	21.00%	35.00%

Earnings Per Share ("EPS") (Det

Earnings Per Share ("EPS") (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income	$ 9.1	$ 2.5
Payments of dividends	(51.1)	(50.2)
Net income available for common shareholders, basic and diluted	$ 8.4	$ 2.5
Weighted average shares for basic EPS	138,800,000	138,300,000
Dilutive potential shares from grants of RSUs, PRSUs and stock options	300,000	600,000
Weighted average shares for diluted EPS	139,100,000	138,900,000
Noncontrolling Interest
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Payments of dividends	$ (0.7)	$ 0
Noncontrolling Interest
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, number of shares	2,000,000
Stock compensation plan
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, number of shares	800,000	300,000

Commitment and Contingencies -

Commitment and Contingencies - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)Displays
2,025
Other Commitments [Line Items]
Deployment costs	$ 600
2,032
Other Commitments [Line Items]
Deployment costs	$ 800
Transit Franchise Contract
Other Commitments [Line Items]
Franchise Contract Term	10 years
Franchise Contract Term Extension	5 years
Number Of Displays | Displays	50,000
Minimum | Letter of Credit
Other Commitments [Line Items]
Letters of Credit Outstanding, Amount	$ 30
Maximum | Letter of Credit
Other Commitments [Line Items]
Letters of Credit Outstanding, Amount	136
Standalone letters of credit and sublimit to revolving credit facility [Member]
Other Commitments [Line Items]
Letters of Credit Outstanding, Amount	208.1
Surety Bond
Other Commitments [Line Items]
Surety Bonds Outstanding	$ 24.5

Commitment and Contingencies 68

Commitment and Contingencies Contractual Obligation, Fiscal Year Maturity Schedule (Details) - Guaranteed Minimum Contractual Payments $ in Millions	Mar. 31, 2018USD ($)
Other Commitment, Fiscal Year Maturity [Abstract]
2,018	$ 174.2
2,019	197.7
2,020	178.4
2,021	176.8
2,022	175.6
2023 and thereafter	858.1
Guaranteed minimum annual payments	$ 1,760.8

Segment Information - Narrative

Segment Information - Narrative (Details)	3 Months Ended
	Mar. 31, 2018segment
Segment Reporting [Abstract]
Number of operating segments	3

Segment Information - Reconcili

Segment Information - Reconciliation of Revenue from Segments to Consolidated (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Revenues	$ 337.9	$ 330.6
Operating segments | U.S. Media
Segment Reporting Information [Line Items]
Revenues	309.9	307.1
Operating segments | Other
Segment Reporting Information [Line Items]
Revenues	$ 28	$ 23.5

Segment Information - Adjusted

Segment Information - Adjusted OIBDA by Segment and Reconciliation to Consolidated Net Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Net income	$ 9.1	$ 2.5
Benefit for income taxes	(6.7)	(3.7)
Equity in earnings of investee companies, net of tax	(0.8)	(0.9)
Interest expense, net	30	28.1
Other expense, net	0.1	0
Operating income	31.7	26
Restructuring charges	1.1	1.8
Net (gain) loss on dispositions	(0.2)	0.4
Depreciation and amortization	43.6	46.6
Stock-based compensation	5	5.4
Adjusted OIBDA	81.2	80.2
Capital expenditures	16.8	16.6
Operating segments
Segment Reporting Information [Line Items]
Net (gain) loss on dispositions	(0.2)	0.4
Depreciation and amortization	43.6	46.6
Capital expenditures	16.8	16.6
Operating segments | U.S. Media
Segment Reporting Information [Line Items]
Operating income	50.6	47.5
Restructuring charges	0.5	1.8
Net (gain) loss on dispositions	(0.2)	0.4
Depreciation and amortization	38	42.7
Adjusted OIBDA	88.9	92.4
Capital expenditures	14.4	15.8
Operating segments | Other
Segment Reporting Information [Line Items]
Operating income	(7)	(5)
Restructuring charges	0.6
Depreciation and amortization	5.6	3.9
Adjusted OIBDA	(0.8)	(1.1)
Capital expenditures	2.4	0.8
Corporate
Segment Reporting Information [Line Items]
Operating income	(11.9)	(16.5)
Adjusted OIBDA	$ (6.9)	$ (11.1)

Segment Information - Reconci72

Segment Information - Reconciliation of Assets from Segment to Consolidated (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Total assets	$ 3,770.7	$ 3,808.2
Operating segments | U.S. Media
Segment Reporting Information [Line Items]
Total assets	3,496	3,528.8
Operating segments | Other
Segment Reporting Information [Line Items]
Total assets	251.2	263.8
Corporate
Segment Reporting Information [Line Items]
Total assets	$ 23.5	$ 15.6

Condensed Consolidating Finan73

Condensed Consolidating Financial Information - Narrative (Details)	Mar. 31, 2018
Wholly Owned Domestic Subsidiaries [Line Items]
Equity method investment, ownership percentage	50.00%
Parent Company
Wholly Owned Domestic Subsidiaries [Line Items]
Equity method investment, ownership percentage	100.00%

Condensed Consolidating Finan74

Condensed Consolidating Financial Information - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Condensed Statements of Financial Position, Captions [Line Items]
Cash and cash equivalents	$ 52.5	$ 48.3	$ 26.3	$ 65.2
Receivables, less allowance	188.8	231.1
Other current assets	113.1	96.6
Total current assets	354.4	376
Property and equipment, net	660.6	662.1
Goodwill	2,126.3	2,128		2,089.4
Intangible assets	568.5	580.9
Investment in subsidiaries	0	0
Other assets	60.9	61.2
Intercompany	0	0
Total assets	3,770.7	3,808.2
Total current liabilities	304.7	299.6
Long-term debt, net	2,156.4	2,145.3
Deferred income tax liabilities, net	16.9	19.6
Asset retirement obligation	34.7	34.7
Deficit in excess of investment in subsidiaries	0	0
Other liabilities	80.6	82.4
Intercompany	0	0
Total liabilities	2,593.3	2,581.6
Total stockholders' equity	1,131.8	1,181.1	1,185.2	1,232.9
Non-controlling interests	45.6	45.5
Total equity	1,177.4	1,226.6	1,185.3	1,233
Total liabilities and equity	3,770.7	3,808.2
Eliminations
Condensed Statements of Financial Position, Captions [Line Items]
Cash and cash equivalents	0	0	0	0
Receivables, less allowance	(22.8)	(13.7)
Other current assets	(112.1)	(13.4)
Total current assets	(134.9)	(27.1)
Property and equipment, net	0	0
Goodwill	0	0
Intangible assets	0	0
Investment in subsidiaries	(4,795.4)	(4,808.1)
Other assets	0	0
Intercompany	(272.1)	(272.2)
Total assets	(5,202.4)	(5,107.4)
Total current liabilities	(134.9)	(27.1)
Long-term debt, net	0	0
Deferred income tax liabilities, net	0	0
Asset retirement obligation	0	0
Deficit in excess of investment in subsidiaries	(2,162.8)	(2,152.5)
Other liabilities	0	0
Intercompany	(272.1)	(272.2)
Total liabilities	(2,569.8)	(2,451.8)
Total stockholders' equity	(2,632.6)	(2,655.6)
Non-controlling interests	0	0
Total equity	(2,632.6)	(2,655.6)
Total liabilities and equity	(5,202.4)	(5,107.4)
Parent Company
Condensed Statements of Financial Position, Captions [Line Items]
Cash and cash equivalents	0	0	0	0
Receivables, less allowance	0	0
Other current assets	0	0
Total current assets	0	0
Property and equipment, net	0	0
Goodwill	0	0
Intangible assets	0	0
Investment in subsidiaries	1,131.8	1,181.1
Other assets	0	0
Intercompany	0	0
Total assets	1,131.8	1,181.1
Total current liabilities	0	0
Long-term debt, net	0	0
Deferred income tax liabilities, net	0	0
Asset retirement obligation	0	0
Deficit in excess of investment in subsidiaries	0	0
Other liabilities	0	0
Intercompany	0	0
Total liabilities	0	0
Total stockholders' equity	1,131.8	1,181.1
Non-controlling interests	0	0
Total equity	1,131.8	1,181.1
Total liabilities and equity	1,131.8	1,181.1
Subsidiary Issuer
Condensed Statements of Financial Position, Captions [Line Items]
Cash and cash equivalents	18.5	10.2	16.2	11.4
Receivables, less allowance	0	0
Other current assets	1.2	1
Total current assets	19.7	11.2
Property and equipment, net	0	0
Goodwill	0	0
Intangible assets	0	0
Investment in subsidiaries	3,294.6	3,333.6
Other assets	3.1	3.3
Intercompany	0	0
Total assets	3,317.4	3,348.1
Total current liabilities	29.2	21.7
Long-term debt, net	2,156.4	2,145.3
Deferred income tax liabilities, net	0	0
Asset retirement obligation	0	0
Deficit in excess of investment in subsidiaries	0	0
Other liabilities	0	0
Intercompany	0	0
Total liabilities	2,185.6	2,167
Total stockholders' equity	1,131.8	1,181.1
Non-controlling interests	0	0
Total equity	1,131.8	1,181.1
Total liabilities and equity	3,317.4	3,348.1
Guarantor Subsidiaries
Condensed Statements of Financial Position, Captions [Line Items]
Cash and cash equivalents	2	3.7	3.2	35.8
Receivables, less allowance	31.6	42.1
Other current assets	95.6	89
Total current assets	129.2	134.8
Property and equipment, net	608.4	609.1
Goodwill	2,059.9	2,059.9
Intangible assets	502	511.5
Investment in subsidiaries	369	293.4
Other assets	54.9	55.1
Intercompany	123.8	123.9
Total assets	3,847.2	3,787.7
Total current liabilities	299.1	199.4
Long-term debt, net	0	0
Deferred income tax liabilities, net	0	0
Asset retirement obligation	29.9	29.7
Deficit in excess of investment in subsidiaries	2,162.8	2,152.5
Other liabilities	75.3	76.7
Intercompany	148.3	148.3
Total liabilities	2,715.4	2,606.6
Total stockholders' equity	1,131.8	1,181.1
Non-controlling interests	0	0
Total equity	1,131.8	1,181.1
Total liabilities and equity	3,847.2	3,787.7
Non-Guarantor Subsidiaries
Condensed Statements of Financial Position, Captions [Line Items]
Cash and cash equivalents	32	34.4	$ 6.9	$ 18
Receivables, less allowance	180	202.7
Other current assets	128.4	20
Total current assets	340.4	257.1
Property and equipment, net	52.2	53
Goodwill	66.4	68.1
Intangible assets	66.5	69.4
Investment in subsidiaries	0	0
Other assets	2.9	2.8
Intercompany	148.3	148.3
Total assets	676.7	598.7
Total current liabilities	111.3	105.6
Long-term debt, net	0	0
Deferred income tax liabilities, net	16.9	19.6
Asset retirement obligation	4.8	5
Deficit in excess of investment in subsidiaries	0	0
Other liabilities	5.3	5.7
Intercompany	123.8	123.9
Total liabilities	262.1	259.8
Total stockholders' equity	369	293.4
Non-controlling interests	45.6	45.5
Total equity	414.6	338.9
Total liabilities and equity	$ 676.7	$ 598.7

Condensed Consolidating Finan75

Condensed Consolidating Financial Information - Condensed Consolidating Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Condensed Statements of Operations, Captions [Line Items]
Billboard	$ 239.3	$ 236
Transit and other	98.6	94.6
Total revenues	337.9	330.6
Operating	197.1	191.9
Selling, general and administrative	64.6	63.9
Restructuring charges	1.1	1.8
Net (gain) loss on dispositions	(0.2)	0.4
Depreciation	21.1	22.9
Amortization	22.5	23.7
Total expenses	306.2	304.6
Operating income (loss)	31.7	26
Interest income (expense), net	(30)	(28.1)
Other expense, net	(0.1)	0
Income (loss) before benefit for income taxes and equity in earnings of investee companies	1.6	(2.1)
Benefit for income taxes	6.7	3.7
Equity in earnings of investee companies, net of tax	0.8	0.9
Net income (loss)	9.1	2.5
Total other comprehensive income (loss), net of tax	(5.1)	1.1
Total comprehensive income	4	3.6
Eliminations
Condensed Statements of Operations, Captions [Line Items]
Billboard	0	0
Transit and other	0	0
Total revenues	0	0
Operating	0	0
Selling, general and administrative	0	0
Restructuring charges	0	0
Net (gain) loss on dispositions	0	0
Depreciation	0	0
Amortization	0	0
Total expenses	0	0
Operating income (loss)	0	0
Interest income (expense), net	0	0
Other expense, net	0
Income (loss) before benefit for income taxes and equity in earnings of investee companies	0	0
Benefit for income taxes	0	0
Equity in earnings of investee companies, net of tax	(19.9)	(2.5)
Net income (loss)	(19.9)	(2.5)
Total other comprehensive income (loss), net of tax	15.3	(3.3)
Total comprehensive income	(4.6)	(5.8)
Parent Company
Condensed Statements of Operations, Captions [Line Items]
Billboard	0	0
Transit and other	0	0
Total revenues	0	0
Operating	0	0
Selling, general and administrative	0.4	0.4
Restructuring charges	0	0
Net (gain) loss on dispositions	0	0
Depreciation	0	0
Amortization	0	0
Total expenses	0.4	0.4
Operating income (loss)	(0.4)	(0.4)
Interest income (expense), net	0	0
Other expense, net	0
Income (loss) before benefit for income taxes and equity in earnings of investee companies	(0.4)	(0.4)
Benefit for income taxes	0	0
Equity in earnings of investee companies, net of tax	9.5	2.9
Net income (loss)	9.1	2.5
Total other comprehensive income (loss), net of tax	(5.1)	1.1
Total comprehensive income	4	3.6
Subsidiary Issuer
Condensed Statements of Operations, Captions [Line Items]
Billboard	0	0
Transit and other	0	0
Total revenues	0	0
Operating	0	0
Selling, general and administrative	0.1	0.7
Restructuring charges	0	0
Net (gain) loss on dispositions	0	0
Depreciation	0	0
Amortization	0	0
Total expenses	0.1	0.7
Operating income (loss)	(0.1)	(0.7)
Interest income (expense), net	(28.6)	(28)
Other expense, net	0
Income (loss) before benefit for income taxes and equity in earnings of investee companies	(28.7)	(28.7)
Benefit for income taxes	0	0
Equity in earnings of investee companies, net of tax	38.2	31.6
Net income (loss)	9.5	2.9
Total other comprehensive income (loss), net of tax	(5.1)	1.1
Total comprehensive income	4.4	4
Guarantor Subsidiaries
Condensed Statements of Operations, Captions [Line Items]
Billboard	226.2	225.1
Transit and other	96.4	92.3
Total revenues	322.6	317.4
Operating	184.2	180.4
Selling, general and administrative	62.9	59.3
Restructuring charges	1.1	1.8
Net (gain) loss on dispositions	(0.2)	0.4
Depreciation	17.7	20
Amortization	20.7	23.2
Total expenses	286.4	285.1
Operating income (loss)	36.2	32.3
Interest income (expense), net	(0.9)	(0.1)
Other expense, net	0
Income (loss) before benefit for income taxes and equity in earnings of investee companies	35.3	32.2
Benefit for income taxes	1.3	1.9
Equity in earnings of investee companies, net of tax	(27.1)	(31.2)
Net income (loss)	9.5	2.9
Total other comprehensive income (loss), net of tax	(5.1)	1.1
Total comprehensive income	4.4	4
Non-Guarantor Subsidiaries
Condensed Statements of Operations, Captions [Line Items]
Billboard	13.1	10.9
Transit and other	2.2	2.3
Total revenues	15.3	13.2
Operating	12.9	11.5
Selling, general and administrative	1.2	3.5
Restructuring charges	0	0
Net (gain) loss on dispositions	0	0
Depreciation	3.4	2.9
Amortization	1.8	0.5
Total expenses	19.3	18.4
Operating income (loss)	(4)	(5.2)
Interest income (expense), net	(0.5)	0
Other expense, net	(0.1)
Income (loss) before benefit for income taxes and equity in earnings of investee companies	(4.6)	(5.2)
Benefit for income taxes	5.4	1.8
Equity in earnings of investee companies, net of tax	0.1	0.1
Net income (loss)	0.9	(3.3)
Total other comprehensive income (loss), net of tax	(5.1)	1.1
Total comprehensive income	$ (4.2)	$ (2.2)

Condensed Consolidating Finan76

Condensed Consolidating Financial Information - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Condensed Statements of Cash Flows, Captions [Line Items]
Net cash flow provided by (used for) operating activities	$ 62.1	$ 32.2
Capital expenditures	(16.8)	(16.6)
Acquisitions	(4.1)	(0.9)
MTA franchise rights	1.4	0
Net proceeds from dispositions	0.2	0.1
Net cash flow provided by (used for) investing activities	(22.1)	(17.4)
Proceeds from long-term debt borrowings	10	8.3
Proceeds from borrowings under short-term debt facilities	57	0
Repayments of borrowings under short-term debt facilities	(45)	0
Payments of deferred financing costs	0	(7)
Proceeds from stock option exercises	0	1.2
Taxes withheld for stock-based compensation	(6.5)	(6)
Dividends	(51.1)	(50.2)
Intercompany	0	0
Other	0	(0.2)
Net cash flow provided by (used for) financing activities	(35.6)	(53.9)
Effect of exchange rate changes on cash and cash equivalents	(0.2)	0.2
Net increase (decrease) in cash and cash equivalents	4.2	(38.9)
Cash and cash equivalents at beginning of period	48.3	65.2
Cash and cash equivalents at end of period	52.5	26.3
Eliminations
Condensed Statements of Cash Flows, Captions [Line Items]
Net cash flow provided by (used for) operating activities	0	0
Capital expenditures	0	0
Acquisitions	0	0
MTA franchise rights	0
Net proceeds from dispositions	0	0
Net cash flow provided by (used for) investing activities	0	0
Proceeds from long-term debt borrowings	0	0
Proceeds from borrowings under short-term debt facilities	0
Repayments of borrowings under short-term debt facilities	0
Payments of deferred financing costs		0
Proceeds from stock option exercises		0
Taxes withheld for stock-based compensation	0	0
Dividends	0	0
Intercompany	0	0
Other		0
Net cash flow provided by (used for) financing activities	0	0
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Parent Company
Condensed Statements of Cash Flows, Captions [Line Items]
Net cash flow provided by (used for) operating activities	(0.4)	(0.4)
Capital expenditures	0	0
Acquisitions	0	0
MTA franchise rights	0
Net proceeds from dispositions	0	0
Net cash flow provided by (used for) investing activities	0	0
Proceeds from long-term debt borrowings	0	0
Proceeds from borrowings under short-term debt facilities	0
Repayments of borrowings under short-term debt facilities	0
Payments of deferred financing costs		0
Proceeds from stock option exercises		1.2
Taxes withheld for stock-based compensation	0	0
Dividends	(50.4)	(50.2)
Intercompany	50.8	49.4
Other		0
Net cash flow provided by (used for) financing activities	0.4	0.4
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Subsidiary Issuer
Condensed Statements of Cash Flows, Captions [Line Items]
Net cash flow provided by (used for) operating activities	(19.5)	(18.9)
Capital expenditures	0	0
Acquisitions	0	0
MTA franchise rights	0
Net proceeds from dispositions	0	0
Net cash flow provided by (used for) investing activities	0	0
Proceeds from long-term debt borrowings	10	8.3
Proceeds from borrowings under short-term debt facilities	0
Repayments of borrowings under short-term debt facilities	0
Payments of deferred financing costs		(7)
Proceeds from stock option exercises		0
Taxes withheld for stock-based compensation	0	0
Dividends	0	0
Intercompany	17.8	22.4
Other		0
Net cash flow provided by (used for) financing activities	27.8	23.7
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	8.3	4.8
Cash and cash equivalents at beginning of period	10.2	11.4
Cash and cash equivalents at end of period	18.5	16.2
Guarantor Subsidiaries
Condensed Statements of Cash Flows, Captions [Line Items]
Net cash flow provided by (used for) operating activities	81.8	49.6
Capital expenditures	(14.5)	(15.8)
Acquisitions	(4.1)	(0.9)
MTA franchise rights	1.4
Net proceeds from dispositions	0.2	0.1
Net cash flow provided by (used for) investing activities	(19.8)	(16.6)
Proceeds from long-term debt borrowings	0	0
Proceeds from borrowings under short-term debt facilities	0
Repayments of borrowings under short-term debt facilities	0
Payments of deferred financing costs		0
Proceeds from stock option exercises		0
Taxes withheld for stock-based compensation	(6.5)	(6)
Dividends	0	0
Intercompany	(57.2)	(59.4)
Other		(0.2)
Net cash flow provided by (used for) financing activities	(63.7)	(65.6)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase (decrease) in cash and cash equivalents	(1.7)	(32.6)
Cash and cash equivalents at beginning of period	3.7	35.8
Cash and cash equivalents at end of period	2	3.2
Non-Guarantor Subsidiaries
Condensed Statements of Cash Flows, Captions [Line Items]
Net cash flow provided by (used for) operating activities	0.2	1.9
Capital expenditures	(2.3)	(0.8)
Acquisitions	0	0
MTA franchise rights	0
Net proceeds from dispositions	0	0
Net cash flow provided by (used for) investing activities	(2.3)	(0.8)
Proceeds from long-term debt borrowings	0	0
Proceeds from borrowings under short-term debt facilities	57
Repayments of borrowings under short-term debt facilities	(45)
Payments of deferred financing costs		0
Proceeds from stock option exercises		0
Taxes withheld for stock-based compensation	0	0
Dividends	(0.7)	0
Intercompany	(11.4)	(12.4)
Other		0
Net cash flow provided by (used for) financing activities	(0.1)	(12.4)
Effect of exchange rate changes on cash and cash equivalents	(0.2)	0.2
Net increase (decrease) in cash and cash equivalents	(2.4)	(11.1)
Cash and cash equivalents at beginning of period	34.4	18
Cash and cash equivalents at end of period	$ 32	$ 6.9