Veritiv (VRTV) 10-Q14 Nov 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2014	Nov. 13, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'VERITIV CORPORATION	'
Entity Central Index Key	'0001599489	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	16,000,000

Condensed_Consolidated_and_Com

Condensed Consolidated and Combined Statements of Operations (USD $)	3 Months Ended		9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]	'	'	'	'
Net sales (including sales to related parties of $9.2 and $12.8 for the three months ended September 30, 2014 and 2013, respectively, and $33.5 and $40.3 for the nine months ended September 30, 2014 and 2013, respectively)	$2,390.30	$1,442.80	$5,026.70	$4,234.10
Cost of products sold (including purchases from related parties of $62.7 and $158.6 for the three months ended September 30, 2014 and 2013, respectively, and $339.2 and $465.6 for the nine months ended September 30, 2014 and 2013, respectively) (exclusive of depreciation and amortization shown separately below)	1,987.10	1,214.10	4,192.20	3,545.50
Distribution expenses	138.2	75.4	289.5	234.8
Selling and administrative expenses	212.9	134	469.2	408.9
Depreciation and amortization	14.2	4.4	23.1	12.8
Merger and integration expenses	54.8	0	56.9	0
Restructuring charges (income)	0.1	6	-1	30.4
Operating income (loss)	-17	8.9	-3.2	1.7
Interest expense, net	6.8	0	6.8	0
Other expense (income), net	0.6	-0.2	0.1	-2.3
Income (loss) from continuing operations before income taxes	-24.4	9.1	-10.1	4
Income tax (benefit) expense	-10.4	3.9	-4.6	2
Income (loss) from continuing operations	-14	5.2	-5.5	2
Loss from discontinued operations, net of income taxes	0	-0.1	-0.1	0
Net income (loss)	($14)	$5.10	($5.60)	$2
Earnings (loss) per share: Basic and Diluted	'	'	'	'
Continuing operations (in dollars per share)	($0.88)	$0.64	($0.51)	$0.25
Discontinued operations (in dollars per share)	$0	($0.01)	($0.01)	$0
Basic and diluted earnings (loss) per share (in dollars per share)	($0.88)	$0.63	($0.52)	$0.25
Weighted-average shares outstanding - basic and diluted (in shares)	16,000,000	8,160,000	10,773,333	8,160,000

Condensed_Consolidated_and_Com1

Condensed Consolidated and Combined Statements of Operations (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]	'	'	'	'
Related party sales	$9.20	$12.80	$33.50	$40.30
Related party cost of products sold	$62.70	$158.60	$339.20	$465.60

Condensed_Consolidated_and_Com2

Condensed Consolidated and Combined Statements of Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income (loss)	($14)	$5.10	($5.60)	$2
Other comprehensive income (loss), net of tax:	'	'	'	'
Foreign currency translation adjustments	-4.5	0.1	-3.9	0.5
Other comprehensive income, net of tax	-4.5	0.1	-3.9	0.5
Total comprehensive income (loss), net of tax	($18.50)	$5.20	($9.50)	$2.50

Condensed_Consolidated_and_Com3

Condensed Consolidated and Combined Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$61	$5.70
Accounts receivable, less allowances of $35.4 and $22.7 in 2014 and 2013, respectively	1,162.80	669.7
Related party receivable	3.4	10.1
Inventories	697.6	360.9
Other current assets	102.6	26.3
Assets held for sale	0	9.3
Total current assets	2,027.40	1,082
Property and equipment, net	379.2	107.1
Goodwill	55.1	26.4
Other intangible assets, net	36.5	9.3
Deferred income tax assets	122.3	22.7
Other non-current assets	46.2	9.4
Total assets	2,666.70	1,256.90
Current liabilities:	'	'
Accounts payable	667.2	357.3
Related party payable	14.9	2.6
Accrued payroll and benefits	109	54.9
Deferred income tax liabilities	31.1	13.5
Other accrued liabilities	94.3	36.5
Current maturities of long-term debt	3.3	0
Financing obligations to related party, current portion	15.8	0
Total current liabilities	935.6	464.8
Long-term debt, net of current maturities	803.3	0
Financing obligations to related party, less current portion	218.5	0
Defined benefit pension obligations	28.3	0
Other non-current liabilities	113	12.5
Total liabilities	2,098.70	477.3
Commitments and contingencies (Note 14)	'	'
Equity:	'	'
Parent company investment, prior to Spin-off	'	784.3
Shareholders' equity:	'	'
Preferred stock, $0.01 par value, 10.0 million shares authorized, none issued	0	'
Common stock, $0.01 par value, 100.0 million shares authorized, 16.0 million shares issued and outstanding	0.2	'
Additional paid-in capital	590.4	'
Accumulated deficit	-14	'
Accumulated other comprehensive loss	-8.6	-4.7
Total shareholders' equity	568	-4.7
Total equity	568	779.6
Total liabilities and equity	$2,666.70	$1,256.90

Condensed_Consolidated_and_Com4

Condensed Consolidated and Combined Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Jul. 01, 2014	Dec. 31, 2013
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Jul. 01, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'	'
Allowance for doubtful accounts (in US dollars)	$35.40	'	$22.70
Preferred stock par value (in Dollars per share)	$0.01	'	'
Preferred stock, shares authorized (in Shares)	10,000,000	'	'
Preferred stock, shares issued (in Shares)	0	'	'
Common stock par value (in Dollars per share)	$0.01	'	'
Common stock, shares authorized (in Shares)	100,000,000	'	'
Common stock, shares issued (in Shares)	16,000,000	16,000,000	'
Common stock shares outstanding (in shares)	16,000,000	16,000,000	'

Condensed_Consolidated_and_Com5

Condensed Consolidated and Combined Statements of Cash Flows (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Net Cash Provided by (Used in) Operating Activities [Abstract]	'	'
Net income (loss)	($5.60)	$2
Loss from discontinued operations, net of income taxes	-0.1	0
Income (loss) from continuing operations	-5.5	2
Depreciation and amortization	23.1	12.8
Amortization of deferred financing fees	1.1	0
Net gains on sales of property and equipment	-1.8	-9
Provision for allowance for doubtful accounts	6.2	2.5
Deferred income tax provision	-9.3	3.5
Stock-based compensation	4.3	11.8
Other noncash items, net	1	0
Changes in operating assets and liabilities, net of Merger	'	'
Accounts receivable and related party receivable	-53.2	-36.2
Inventories	6	17.7
Accounts payable and related party payable	55.4	10
Accrued payroll and benefits	16.9	3.5
Other accrued liabilities	2.3	-1
Other	-16.9	-5.6
Net cash provided by operating activities b continuing operations	29.6	12
Net cash used for operating activities b discontinued operations	-1.1	-0.1
Net cash provided by operating activities	28.5	11.9
Investing Activities	'	'
Net cash acquired in Merger	37	0
Property and equipment additions	-5.7	-8.7
Proceeds from asset sales	4.8	20.9
Other	0.3	0.4
Net cash provided by investing activities	36.4	12.6
Financing Activities	'	'
Net cash transfers to Parent	-61.5	-16.9
Change in bank and book overdrafts	9.1	-9.2
Transfer to Parent in connection with Spin-off	-404.2	0
Borrowings of long-term debt	1,774.10	0
Repayments of long-term debt	-1,302.40	0
Payments under financing obligations to related party	-3.9	0
Deferred financing fees	-22.5	0
Other	-0.6	0.1
Net cash used for financing activities b continuing operations	-11.9	-26
Net cash provided by (used for) financing activities b discontinued operations	1.1	-1.9
Net cash used for financing activities	-10.8	-27.9
Effect of exchange rate changes on cash	1.2	1.1
Net change in cash and cash equivalents	55.3	-2.3
Cash and cash equivalents at beginning of period	5.7	15.4
Cash and cash equivalents at end of period	61	13.1
Supplemental Cash Flow Information	'	'
Cash paid for income taxes, net of refunds	1.4	0.5
Cash paid for interest	5.2	0
Non-Cash Transactions	'	'
Common stock issued in connection with Spin-off	302.3	0
Common stock issued in connection with Merger	284.7	0
Contingent liability associated with the Tax Receivable Agreement	60.9	0
Non-cash transfers (to) from Parent	($21.10)	$10.40

Condensed_Consolidated_and_Com6

Condensed Consolidated and Combined Statements of Shareholders' Equity (USD $)	Total	Common Stock	Additional Paid-in Capital	Parent Company Investment	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
In Millions, except Share data, unless otherwise specified	Total	Common Stock	Additional Paid-in Capital	Parent Company Investment	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning of period at Dec. 31, 2013	$779.60	'	'	$784.30	$0	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'
Net income (loss)	8.4	'	'	8.4	'	'
End of period at Jun. 30, 2014	'	'	'	'	'	'
Beginning of period at Dec. 31, 2013	779.6	0	0	784.3	0	-4.7
Beginning Balance (in shares) at Dec. 31, 2013	'	0	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'
Net income (loss)	-5.6	'	'	'	'	'
Other comprehensive income, net of tax	-3.9	'	'	'	'	-3.9
Net transfers to Parent	-82.6	'	'	-82.6	'	'
Conversion of parent company investment in connection with Spin-off (in shares)	'	8,200,000	'	'	'	'
Conversion of Parent Company Investment in connection with Spin-off	0	0.1	710	-710.1	'	'
Transfer to Parent in connection with Spin-off	-404.2	'	-404.2	'	'	'
Issuance of common stock for Merger (in shares)	'	7,800,000	'	'	'	'
Issuance of common stock for Merger	284.7	0.1	284.6	'	'	'
End of period at Sep. 30, 2014	568	0.2	590.4	0	'	-8.6
Ending Balance (in shares) at Sep. 30, 2014	'	16,000,000	'	'	'	'
Beginning of period at Jun. 30, 2014	'	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'
Net income (loss)	-14	'	'	'	-14	'
Other comprehensive income, net of tax	-4.5	'	'	'	'	'
Net transfers to Parent	'	'	'	-50.2	'	'
End of period at Sep. 30, 2014	$568	'	'	$0	($14)	'

Description_of_Business_and_Ba

Description of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Description of Business and Basis of Presentation	'
	1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

	Description of Business

	Veritiv Corporation ("Veritiv" or the "Company") is a leading North American business-to-business distributor of print, publishing, packaging, facility and logistics solutions. Established in 2014, following the merger of International Paper Company’s ("International Paper" or "Parent") xpedx division ("xpedx") and UWW Holdings, Inc., the Company operates from approximately 170 distribution centers throughout the U.S., Canada and Mexico.

	xpedx was a business-to-business distributor of paper, publishing, packaging and facility supplies products in North America that operated 85 distribution centers in the U.S. and Mexico. xpedx distributed products and services to various customer markets, including printers, publishers, data centers, manufacturers, higher education institutions, healthcare facilities, sporting and performance arenas, retail, government agencies, property managers and building service contractors.

	UWW Holdings, Inc., operating through Unisource Worldwide, Inc. and its other consolidated subsidiaries (collectively, "Unisource"), was a leading distributor of printing and business paper, publishing solutions, packaging supplies and equipment, facility supplies and equipment and logistics services primarily in the U.S. and Canada. Unisource sold its products to a diverse customer base that included commercial printing, retail, hospitality, healthcare, governmental, distribution and manufacturing sectors.

	The Spin-off and Merger

	On July 1, 2014 (the "Distribution Date"), International Paper completed the previously announced spin-off of its distribution solutions business, xpedx, to its shareholders (the "Spin-off"), forming a new public company called Veritiv. Immediately following the Spin-off, UWW Holdings, Inc. merged (the "Merger") with and into Veritiv. The primary reason for the business combination was to create a North American business-to-business distribution company with a broad geographic reach, an extensive product offering and a differentiated and leading service platform. The Merger has been reflected in Veritiv’s financial statements using the acquisition method of accounting, with Veritiv as the accounting acquirer of UWW Holdings, Inc.

	On the Distribution Date:


	•	8,160,000 shares of Veritiv common stock were distributed on a pro rata basis to the International Paper shareholders of record as of the close of business on June 20, 2014. Immediately following the Spin-off, but prior to the Merger, International Paper’s shareholders owned all of the shares of Veritiv common stock outstanding, and

	•	A cash payment of $404.2 million was distributed to International Paper, which was comprised of: (i) a special payment of $400.0 million, (ii) reduced by a $15.3 million preliminary working capital adjustment and (iii) increased by $19.5 million of transaction expense-related adjustments. These payments have been reflected by Veritiv as a reduction to equity. Subsequent to September 30, 2014, the working capital and transaction expense-related adjustments were finalized, resulting in an additional cash payment of $30.7 million to International Paper. This payment will be reflected as a reduction to equity in the fourth quarter of 2014.

	In addition to the above payment, International Paper also has a potential earnout payment of up to $100.0 million that would become due in 2020 if Veritiv's aggregate EBITDA for fiscal years 2017, 2018 and 2019 exceeds an agreed-upon target of $759.0 million, subject to certain adjustments. The $100.0 million potential earnout payment would be reflected by Veritiv as a reduction to equity at the time of payment.

	Immediately following the Spin-off on the Distribution Date:


	•	UWW Holdings, LLC, the sole shareholder of UWW Holdings, Inc., received 7,840,000 shares of Veritiv common stock for all outstanding shares of UWW Holdings, Inc. common stock that it held on the Distribution Date, in a private placement transaction,

	•	Veritiv and UWW Holdings, LLC entered into a registration rights agreement (the "Registration Rights Agreement") that provides UWW Holdings, LLC with certain demand registration rights and piggyback registration rights. The agreement also entitles UWW Holdings, LLC to transfer its Veritiv common stock to one or more of its affiliates or equity-holders, and UWW Holdings, LLC may exercise registration rights on behalf of such transferees if such transferees become a party to the Registration Rights Agreement,

	•	Veritiv and UWW Holdings, LLC entered into a tax receivable agreement (the "Tax Receivable Agreement") that sets forth the terms by which Veritiv generally will be obligated to pay UWW Holdings, LLC an amount equal to 85% of the U.S. federal, state and Canadian income tax savings that Veritiv actually realizes as a result of the utilization of Unisource’s net operating losses attributable to taxable periods prior to the date of the Merger, and

	•	UWW Holdings, LLC received approximately $33.9 million of cash proceeds associated with preliminary working capital and net indebtedness adjustments, as well as cash proceeds of $4.7 million associated with transaction expense-related adjustments. The $33.9 million payment was recorded as part of the purchase price consideration for Unisource, and the $4.7 million payment was recorded within merger and integration expenses in the Condensed Consolidated and Combined Statements of Operations.

	Immediately following the completion of the Spin-off and Merger, International Paper shareholders owned approximately 51%, and UWW Holdings, LLC owned approximately 49%, of the shares of Veritiv common stock on a fully-diluted basis. International Paper does not own any shares of Veritiv common stock. See Note 2, Merger with Unisource, for further details on the Merger.

	Veritiv’s common stock began regular-way trading on the New York Stock Exchange on July 2, 2014 under the ticker symbol VRTV.


	References in the Notes to the Condensed Consolidated and Combined Financial Statements to International Paper or Parent refer to International Paper Company and its consolidated subsidiaries (other than Veritiv).

	Basis of Presentation

	Prior to the Distribution Date, Veritiv’s financial position, results of operations and cash flows consisted of only the xpedx business of International Paper and have been derived from International Paper’s historical accounting records. The financial results of xpedx have been presented on a carve-out basis through the Distribution Date, while the financial results for Veritiv, post Spin-off, are prepared on a stand-alone basis. As such, the unaudited interim Condensed Consolidated and Combined Statements of Operations, Condensed Consolidated and Combined Statements of Comprehensive Income and Condensed Consolidated and Combined Statements of Cash Flows for the nine months ended September 30, 2014 consist of the consolidated results of Veritiv on a stand-alone basis for the three months ended September 30, 2014, and the combined results of operations of xpedx for the six months ended June 30, 2014 on a carve-out basis. The condensed combined financial statements as of December 31, 2013 and for the three and nine months ended September 30, 2013 consist entirely of the combined results of xpedx on a carve-out basis.

	The unaudited interim Condensed Consolidated and Combined Financial Statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). Accordingly, certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles ("GAAP") in the United States have been omitted. These unaudited interim Condensed Consolidated and Combined Financial Statements should be read in conjunction with the xpedx audited combined financial statements and notes thereto included in the Company’s Registration Statement on Form S-1.

	In the opinion of management, such unaudited interim Condensed Consolidated and Combined Financial Statements include all normal recurring adjustments necessary to present fairly the results of operations, financial position and cash flows. Net sales and net earnings for any interim period are not necessarily indicative of future or annual results. The Company's business is subject to seasonal influences. Generally, the Company's highest volume of net sales occurs in the third fiscal quarter, and the lowest volume of net sales occurs during the first fiscal quarter.

	The preparation of the unaudited interim Condensed Consolidated and Combined Financial Statements requires management to make use of estimates and assumptions that affect the reported amount of assets and liabilities, revenue and expenses, and certain financial statement disclosures. Significant estimates in these unaudited interim Condensed Consolidated and Combined Financial Statements include revenue recognition, accounts receivable valuation, inventory valuation, employee benefit plans, income tax and goodwill and other intangible asset valuation. Estimates are revised as additional information becomes available.

	For periods prior to the Spin-off, the condensed combined financial statements include expense allocations for certain functions previously provided by International Paper, including, but not limited to, general corporate expenses related to finance, legal, information technology, human resources, communications, insurance and stock-based compensation. These expenses have been allocated on the basis of direct usage when identifiable, with the remainder principally allocated on the basis of percent of capital employed, headcount, sales or other measures. Management considers the basis on which the expenses have been allocated to reasonably reflect the utilization of services provided to or for the benefit received by xpedx during those periods. The allocations may not, however, reflect the expenses xpedx would have incurred as an independent company for the periods presented. Actual costs that may have been incurred if xpedx had been a stand-alone company would depend on a number of factors, including the organizational structure, whether functions were outsourced or performed by employees and strategic decisions made in areas such as information technology and infrastructure. Veritiv is unable to determine what such costs would have been had xpedx been independent. See Note 16, Related Party Transactions, for further information.

	Following the Spin-off, certain corporate and other related functions described above continue to be provided by International Paper under a transition services agreement. For the three months ended September 30, 2014, the Condensed Consolidated and Combined Statements of Operations reflects $8.0 million in selling and administrative expenses related to this agreement.

	The Company operates on a calendar year-end.

	Recently Issued Accounting Standards Not Yet Adopted

	In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue From Contracts with Customers. ASU 2014-09 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. ASU 2014-09 is effective for interim and annual reporting periods beginning after December 15, 2016 for public entities. Early adoption is not permitted. Entities have the option of using either a full retrospective or a modified approach to adopt the guidance in ASU 2014-09. Veritiv is currently in the process of evaluating the potential impact of adopting ASU 2014-09.

Merger_with_Unisource

Merger with Unisource	9 Months Ended
Merger with Unisource	Sep. 30, 2014
Business Combinations [Abstract]	'
Merger with Unisource	'
	2. MERGER WITH UNISOURCE

	As more fully described in Note 1, Description of Business and Basis of Presentation, on July 1, 2014, Unisource merged with and into Veritiv. During the three and nine months ended September 30, 2014, the Company incurred merger and integration-related expenses of $54.8 million and $56.9 million, respectively, which were expensed as incurred. These costs related primarily to third-party fees and costs associated with change-in-control agreements.

	The Merger was accounted for in the Company’s financial statements using the acquisition method of accounting, with Veritiv as the accounting acquirer of Unisource. The preliminary estimated purchase price of $379.5 million was determined in accordance with the Merger Agreement. The preliminary purchase price is allocated to tangible and identifiable intangible assets and liabilities based upon their respective fair values.

	The following table summarizes the components of the preliminary estimated purchase price for Unisource and the preliminary allocation of the purchase price to assets acquired and liabilities assumed as of the date of the Merger:



	Preliminary estimated purchase price:	(in millions)
	Fair value of Veritiv shares transferred	$	284.7
	Fair value of Veritiv shares transferred	$	284.7
	Cash payment associated with customary working capital and net indebtedness adjustments	33.9
		33.9
	Fair value of contingent liability associated with the Tax Receivable Agreement	60.9
		60.9
	Total preliminary estimated purchase price	$	379.5
	Total preliminary estimated purchase price	$	379.5



	Preliminary Allocation:	(in millions)
	Cash	$	70.9
	Cash	$	70.9
	Accounts receivable	448.4
	Accounts receivable	448.4
	Inventories	351.9
	Inventories	351.9
	Deferred income tax assets	79.8
	Deferred income tax assets	79.8
	Property and equipment	301.2
	Property and equipment	301.2
	Goodwill	28.7
	Goodwill	28.7
	Other intangible assets	29.9
	Other intangible assets	29.9
	Other current and non-current assets (including below market leasehold agreements)	61.7
		61.7
	Accounts payable	(263.8		)
	Long-term debt (including equipment capital leases)	(333.2		)
	Financing obligations to related party	(238.2		)
	Defined benefit pension obligations	(31.0		)
	Other current and non-current liabilities (including above market leasehold agreements)	(126.8		)
	Total purchase price	$	379.5
	Total purchase price	$	379.5

	The fair value of Veritiv shares transferred represents the aggregate value of 7,840,000 shares issued at the closing “when-issued” market price of the Company’s stock on June 30, 2014, the day prior to the Merger, less a discount for lack of marketability.

	The purchase price allocated to the identifiable intangible assets acquired is as follows:


		Value				Estimated Useful Life (*in years)*
		(in millions)				Estimated Useful Life (*in years)*
	Customer relationships	$	23.1			10 — 12
	Customer relationships	$	23.1			10 — 12
	Trademarks/Trade names	3.9				1 — 5
	Trademarks/Trade names	3.9				1 — 5
	Non-compete agreements	2.9				1
	Non-compete agreements	2.9				1
	Total identifiable intangible assets acquired	$	29.9
	Total identifiable intangible assets acquired	$	29.9

The amounts shown above may change as the purchase price will be based upon finalization of customary working capital adjustments and valuation of the contingent liability associated with the Tax Receivable Agreement. See Note 7, Fair Value Measurements, regarding the valuation of the contingent liability. The allocation of the purchase price above is considered preliminary and was based on valuation information, estimates and assumptions available on September 30, 2014. The Company is still in the process of verifying data and finalizing information related to the valuation and expects to finalize these matters within the measurement period as final asset and liability valuations are completed.

Preliminary goodwill of $28.7 million arising from the Merger consists largely of the synergies and other benefits expected from combining the operations and is not expected to be deductible for income tax purposes. See Note 6, Goodwill and Other Intangible Assets, for the preliminary allocation of goodwill to the Company's reportable segments.

Actual and Pro Forma Impact

The operating results for Unisource are included in the Company’s financial statements from July 1, 2014 through September 30, 2014. Net sales and pre-tax income attributable to Unisource during this period and included in the Company’s Condensed Consolidated and Combined Statements of Operations were $1,021.8 million and $3.0 million, respectively.

The following unaudited pro forma financial information presents results as if the Merger and the related financing, further described in Note 10, Debt, occurred on January 1, 2013. The historical consolidated financial information of the Company and Unisource has been adjusted in the pro forma information to give effect to pro forma events that are directly attributable to the transactions and factually supportable. The unaudited pro forma results do not reflect events that have occurred or may occur after the transactions, including the impact of any synergies expected to result from the Merger. Accordingly, the unaudited pro forma financial information is not necessarily indicative of the results of operations as they would have been had the transactions been effected on the assumed date, nor is it necessarily an indication of future operating results.


(Unaudited)	Three Months Ended						Nine Months Ended
(Unaudited)	September 30,						September 30,
(in millions, except share and per share data)	2014				2013		2014		2013
Net sales	$	2,390.30			$	2,471.80	$	6,934.20	$	7,246.80
Net sales	$	2,390.30			$	2,471.80	$	6,934.20	$	7,246.80
Net income(1)	$	21.2			$	244.7	$	22.8	$	189.2
Net income(1)	$	21.2			$	244.7	$	22.8	$	189.2
Earnings per share - basic and diluted	$	1.33			$	15.29	$	1.43	$	11.83
Earnings per share - basic and diluted	$	1.33			$	15.29	$	1.43	$	11.83
Weighted-average shares outstanding - basic and diluted	16,000,000				16,000,000		16,000,000		16,000,000
Weighted-average shares outstanding - basic and diluted	16,000,000				16,000,000		16,000,000		16,000,000
(1) Unisource's historical results for the three and nine months ended September 30, 2013 include the reversal of a $238.7 million valuation allowance against its U.S. federal and a substantial portion of its state net deferred tax assets.

The unaudited pro forma information reflects primarily the following pre-tax adjustments for the respective periods:


•	Merger and integration expenses: Merger and integration expenses of $54.8 million and $3.8 million incurred during the three months ended September 30, 2014 and 2013, respectively, and $56.9 million incurred during the nine months ended September 30, 2014 have been eliminated. Pro forma net income for the nine months ended September 30, 2013 includes merger and integration expenses of $76.3 million.

•	Incremental depreciation and amortization expense: Pro forma net income for the three months ended September 30, 2013 and nine months ended September 30, 2014 and 2013 includes $3.2 million, $5.2 million and $9.8 million, respectively, of incremental depreciation and amortization expense related to the fair value adjustments to property and equipment and identifiable intangible assets.

A combined effective U.S. federal statutory and state rate of 39.0% was used to determine the after-tax impact on net income of the pro forma adjustments.

Restructuring_Charges

Restructuring Charges	9 Months Ended
	Sep. 30, 2014
Restructuring and Related Activities [Abstract]	'
Restructuring Charges	'
	3. RESTRUCTURING CHARGES

	Veritiv Restructuring

	As part of the Spin-off and Merger, the Company is executing on a multi-year integration and restructuring of its North American operations to integrate the legacy xpedx and Unisource operations, generate cost savings and capture synergies across the combined company. As of September 30, 2014, no major initiatives were commenced as part of this effort.

	xpedx Restructuring Plan

	During 2010, xpedx completed a strategic assessment of its operating model, resulting in the decision to begin a multi-year restructuring plan. The restructuring plan involved the establishment of a lower cost operating model in connection with the repositioning of the Print segment in response to changing market considerations. The restructuring plan included initiatives to (i) optimize the warehouse network, (ii) improve the efficiency of the sales team and (iii) reorganize the procurement function. xpedx management launched the plan in 2011. This plan was substantially completed as of June 30, 2014.

	The restructuring plan identified locations to be affected and a range of time for specific undertakings. A severance liability was established when positions to be eliminated were identified and communicated to the respective affected employees. Generally, severance arrangements were based on years of employee service. As of the Spin-off date, International Paper retained all liabilities associated with such restructuring actions.

	During the three and nine months ended September 30, 2013, restructuring charges of $6.0 million and $30.4 million, respectively, were recorded and primarily comprised of shut-down costs and employee termination benefits. During the nine months ended September 30, 2014, restructuring income of $1.1 million was recorded under this plan, primarily related to a gain on sale of assets.

	The corresponding liability and activity during the current year are detailed in the table below. In connection with the Spin-off on July 1, 2014, the remaining liability at June 30, 2014 was transferred to International Paper. See Note 16, Related Party Transactions, for more details.


	(in millions)	Total
	Liability at December 31, 2013	$	7.7

	Additional provision	0.1

	Payments	(3.9		)
	Adjustment of prior year's estimate	(0.3		)
	Liability transferred to Parent in connection with Spin-off	(3.6		)
	Liability at September 30, 2014	$	—

Discontinued_Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Discontinued Operations	'
	4. DISCONTINUED OPERATIONS

	During 2011, xpedx ceased its Canadian operations, which had provided distribution of printing supplies to Canadian-based customers. Additionally, xpedx ceased its printing press distribution business, which was located in the U.S. Both of these businesses were historically included in xpedx’s Print segment. The operations and cash flows of these components have been eliminated from the ongoing operations of xpedx, and going forward Veritiv will not have any significant continuing involvement in the operations of these components, as any assets and related obligations were retained by International Paper as part of the Spin-off. Prior to the Spin-off, these components were included in discontinued operations for all periods presented.

	Results of discontinued operations were as follows:


		Three Months Ended					Nine Months Ended
		September 30,					September 30,
	(in millions)	2014		2013			2014			2013
	Loss from operations	$	—	$	(0.1	)	$	(0.1	)	$	(0.3	)

	Restructuring and disposal income	—		—			—			0.3

	Loss from discontinued operations	$	—	$	(0.1	)	$	(0.1	)	$	—

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	5. EARNINGS PER SHARE

	Basic earnings (loss) per share for Veritiv common stock is calculated by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share is similarly calculated, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued, except where the inclusion of such common shares would have an anti-dilutive impact.

	On the Distribution Date, Veritiv had 16,000,000 shares of common stock issued and outstanding, including 7,840,000 shares issued in a private placement to UWW Holdings, LLC. The calculation of both basic and diluted earnings (loss) per share for the three and nine months ended September 30, 2013 utilized 8,160,000
	shares as no equity-based awards were outstanding prior to the Distribution Date, and Veritiv was a wholly-owned subsidiary of International Paper prior to that date. The calculation of both basic and diluted earnings (loss) per share for the three months ended September 30, 2014 utilized 16,000,000 shares as the private placement of 7,840,000 shares to UWW Holdings, LLC occurred on the Distribution Date. The calculation of both basic and diluted earnings (loss) per share for the nine months ended September 30, 2014 utilized 10,773,333 shares based on the weighted-average shares outstanding during this period, reflecting the impact of the private placement of shares to UWW Holdings, LLC on the Distribution Date. Also, as the Company has not issued or granted any dilutive securities since the Distribution Date, there was no dilutive impact to shares outstanding for the three and nine months ended September 30, 2014.

	For the three and nine months ended September 30, 2014 and 2013, basic and diluted earnings (loss) per share were as follows:


		Three Months Ended						Nine Months Ended
		September 30,						September 30,
	(in millions, except share and per share data)	2014			2013			2014			2013
	Income (loss) from continuing operations	$	(14.0	)	$	5.2		$	(5.5	)	$	2

	Income (loss) from discontinued operations	—			(0.1		)	(0.1		)	—

	Net income (loss)	$	(14.0	)	$	5.1		$	(5.6	)	$	2


	Weighted-average number of shares outstanding - basic and diluted	16,000,000			8,160,000			10,773,333			8,160,000


	Earnings (loss) per share:
	Basic and diluted
	Continuing operations	$	(0.88	)	$	0.64		$	(0.51	)	$	0.25

	Discontinued operations	—			(0.01		)	(0.01		)	—

	Basic and diluted earnings (loss) per share	$	(0.88	)	$	0.63		$	(0.52	)	$	0.25

Goodwill_and_Other_Intangible_

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill and Other Intangible Assets	'
	6. GOODWILL AND OTHER INTANGIBLE ASSETS

	Goodwill

	Goodwill represents the excess of the purchase price over the fair value of net assets acquired in connection with the Company’s acquisitions. Goodwill is reviewed by Veritiv for impairment on a reporting unit basis annually on October 1st or more frequently if indicators are present or changes in circumstances suggest that impairment may exist. The impairment test performed by xpedx during the fourth quarter of 2013 indicated the fair value of the reporting units containing goodwill was in excess of the related carrying value of the net assets.

	The following table sets forth the changes in the carrying amount of goodwill:


	(in millions)	Print				Publishing				Packaging				Facility Solutions				Corporate & Other				Total
	Balance at December 31, 2013	$	—			$	—			$	26.4			$	—			$	—			$	26.4

	Additions to goodwill	—				—				22.7				1.9				4.1				28.7

	Balance at September 30, 2014	$	—			$	—			$	49.1			$	1.9			$	4.1			$	55.1


	Additions to goodwill represent the preliminary goodwill resulting from the Merger. See Note 2, Merger with Unisource, for further details.

	Other Intangible Assets

	The components of the Company's other intangible assets were as follows:


				September 30, 2014												December 31, 2013
	(in millions)	Estimated Useful Lives (in years)		Gross Carrying Amount				Accumulated Amortization				Net				Gross Carrying Amount				Accumulated Amortization				Net
	Customer relationships	1 — 12		$	53.8			$	23			$	30.8			$	30.7			$	21.5			$	9.2

	Trademarks/Trade names	1 — 11		4.1				0.6				3.5				0.2				0.1				0.1

	Non-compete agreements	1		2.9				0.7				2.2				—				—				—

	Total			$	60.8			$	24.3			$	36.5			$	30.9			$	21.6			$	9.3


	Additions to other intangible assets represent the preliminary identifiable intangible assets resulting from the Merger, as discussed in Note 2, Merger with Unisource.

	The Company recorded amortization expense of $2.1 million and $0.4 million during the three months ended September 30, 2014 and 2013, respectively, and $2.7 million and $1.1 million during the nine months ended September 30, 2014 and 2013, respectively.

	The estimated aggregate amortization expense for each of the five succeeding years is as follows (in millions):


	Year-Ended		Total
	2014(1)		$	2.1

	2015		6.2

	2016		4.1

	2017		4.1

	2018		4.1

	(1) Reflects remaining three months of 2014.

Fair_Value_Measurements_Fair_V

Fair Value Measurements Fair Value Measurements	9 Months Ended
Fair Value Measurements Fair Value Measurements	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements	'
	7. FAIR VALUE MEASUREMENTS

	Fair value is the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The following fair value hierarchy is used in selecting inputs, with the highest priority given to Level 1, as these are the most transparent or reliable.

	Level 1 - Quoted market prices in active markets for identical assets or liabilities.

	Level 2 - Observable market-based inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

	Level 3 - Unobservable inputs for the asset or liability reflecting the reporting entity’s own assumptions or external inputs from inactive markets.

	At September 30, 2014, the Company’s financial instruments consisted primarily of working capital-related accounts, the ABL Facility (as defined in Note 10, Debt), capital lease obligations and deferred compensation for which the carrying value approximated fair value.

	At September 30, 2014, the contingent liability associated with the Tax Receivable Agreement, described in Note 16, Related Party Transactions, was recorded at fair value, using a discounted cash flow model that reflected management’s expectations about probability of payment. Key assumptions utilized in the discounted cash flow model include projected revenues and taxable income, as well as a discount rate of 4.8%. At September 30, 2014, the Company’s discounted cash flow model used significant unobservable (Level 3) inputs that were tied to the utilization of Unisource’s net operating losses, attributable to taxable periods prior to the Merger, by the Company. There were no changes to the underlying inputs and the model during the three months ended September 30, 2014. Any change in the fair value of the contingent liability will be reflected in other expense (income), net in the Company’s Condensed Consolidated and Combined Statements of Operations.

	There have been no transfers of assets or liabilities between the fair value measurement levels. The Company’s policy regarding the timing for recording transfers between the fair value measurement levels is to do so at the end of the reporting period.

Supplementary_Financial_Statem

Supplementary Financial Statement Information	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Supplementary Financial Statement Information	'
	8. SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION

	Accounts Receivable

	Accounts receivable were recognized net of allowances that primarily consisted of allowances for doubtful accounts of $28.4 million and $22.5 million as of September 30, 2014 and December 31, 2013, respectively, with the remaining balance of $7.0 million and $0.2 million being comprised of other allowances as of September 30, 2014 and December 31, 2013, respectively. The allowance for doubtful accounts reflects the best estimate of losses inherent in the Company’s accounts receivable portfolio determined on the basis of historical experience, specific allowances for known troubled accounts and other available evidence. The other allowances balance is inclusive of credit risks, returns, discounts and any other items affecting the realization of these assets. Accounts receivable are written off when management determines they are uncollectible.

	Inventories

	The Company’s inventories are comprised of finished goods and are primarily valued at cost as determined by the last-in, first-out method ("LIFO"). Such valuations are not in excess of market. Elements of cost in inventories include the purchase price invoiced by a supplier, plus inbound freight and related costs, and are reduced by estimated volume-based rebates and purchase discounts available from certain suppliers. Approximately 86% and 97% of inventories were valued using the LIFO method as of September 30, 2014 and December 31, 2013, respectively. If the first-in, first-out method had been used, total inventory balances would have increased by approximately $74.0 million and $76.6 million at September 30, 2014 and December 31, 2013, respectively.

	Other Current Assets

	The components of other current assets were as follows:


	(in millions)	September 30,				December 31,
		2014				2013
	Rebates receivable	$	50.8			$	18.4

	Prepaid expenses	32				5.6

	Other	19.8				2.3

	Other current assets	$	102.6			$	26.3


	Property and Equipment, Net

	The components of property and equipment, net were as follows:


	(in millions)	September 30,				December 31,
		2014				2013
	Land, buildings and improvements	$	132			$	143.8

	Machinery and equipment	109.9				72.5

	Equipment capital leases and assets related to financing obligations with related party	229.3				—

	Internally developed software	104.3				84.5

	Other	14.9				4.9

	Less: Accumulated depreciation	(211.2		)		(198.6		)
	Property and equipment, net	$	379.2			$	107.1


	Other Non-Current Assets

	The components of other non-current assets were as follows:


	(in millions)	September 30,				December 31,
		2014				2013
	Deferred financing costs	$	21.2			$	—

	Investments in real estate joint ventures	5.7				—

	Below market leasehold agreements	6.2				—

	Other	13.1				9.4

	Other non-current assets	$	46.2			$	9.4


Accrued Payroll and Benefits

The components of accrued payroll and benefits were as follows:


(in millions)	September 30,				December 31,
	2014				2013
Accrued payroll and related taxes	$	32.7			$	11.2

Accrued commissions	36.6				25.9

Other	39.7				17.8

Accrued payroll and benefits	$	109			$	54.9


Other Accrued Liabilities

The components of other accrued liabilities were as follows:


(in millions)	September 30,				December 31,
	2014				2013
Accrued taxes	$	15.5			$	6.4

Accrued customer incentives	22.6				12.8

Accrued freight	9.7				2.4

Accrued professional fees	5.2				—

Customer deposits	4.4				—

Accrued interest	2.3				—

Other	34.6				14.9

Other accrued liabilities	$	94.3			$	36.5


Other Non-Current Liabilities

The components of other non-current liabilities were as follows:


(in millions)	September 30,				December 31,
	2014				2013
Contingent liability associated with Tax Receivable Agreement	$	60.9			$	—

Deferred compensation	24.5				—

Above market leasehold agreements	7.5				—

Asset retirement obligations	6.5				—

Other	13.6				12.5

Other non-current liabilities	$	113			$	12.5

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	9. INCOME TAXES

	The Company’s provision for income tax (benefit) expense for the three and nine months ended September 30, 2014 and 2013 is based on the estimated annual effective tax rate, plus any discrete items.

	The following table presents the provision for income tax (benefit) expense and the effective tax rates for the three and nine months ended September 30, 2014 and 2013:



		Three Months Ended September 30,						Nine Months Ended
								September 30,
	(in millions)	2014			2013			2014			2013
	Income (loss) from continuing operations before income taxes	$	(24.4	)	$	9.1		$	(10.1	)	$	4

	Income tax (benefit) expense	(10.4		)	3.9			(4.6		)	2

	Effective income tax rate	42.6		%	42.9		%	45.5		%	50		%

	The difference between the Company’s effective tax rate for the three and nine months ended September 30, 2014 and 2013 and the U.S. statutory tax rate of 35% is principally related to nondeductible transaction-related costs and other expenses.

	As a result of the Merger, a significant change in the ownership of the Company occurred which, pursuant to the Internal Revenue Code, will limit on an annual basis the Company’s ability to utilize its U.S. federal and state net operating loss carryforwards ("NOLs"). The Company’s NOLs will continue to be available to offset taxable income and tax liabilities (until such NOLs and credits are either used or expire) subject to the Section 382 annual limitation. If the annual limitation amount is not fully utilized in a particular tax year, then the unused portion from that particular tax year will be added to the annual limitation in subsequent years. In connection with the Merger, Veritiv established a valuation allowance of $40.8 million against its federal, state and foreign net deferred tax assets.

	As of September 30, 2014, the gross amount of uncertain tax positions was $1.6 million. Substantially all of the gross uncertain tax positions, if recognized, would impact Veritiv’s effective tax rate in the period of recognition. The Company accrues interest on unrecognized tax benefits as a component of interest expense, net. Penalties, if incurred, are recognized as a component of income tax expense. The corresponding liabilities are reflected in other non-current liabilities within the Condensed Consolidated and Combined Balance Sheets. As a result of the expiration of statutes of limitation, the Company currently estimates that the amount of unrecognized tax benefits could be reduced by up to $0.6 million during the next twelve months.

	Undistributed earnings of the Company’s foreign subsidiaries are considered permanently reinvested and, accordingly, no provision for U.S. income taxes have been provided thereon.

Debt_Debt

Debt Debt	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Debt	'
	10. DEBT

	The Company did not have any long-term debt obligations as of December 31, 2013. As of September 30, 2014, the Company's long-term debt obligations were as follows:


	(in millions)	30-Sep-14
	ABL Facility(1)	$	796.9

	Equipment capital lease obligations	9.7

	Less: current portion of long-term debt	(3.3		)
	Long-term debt, net	$	803.3

	(1) Includes $22.8 million of Canadian bank overdrafts as of September 30, 2014.

	ABL Facility

	In conjunction with the Spin-off and Merger, Veritiv entered into a commitment with a group of lenders for a $1.4 billion asset-backed lending facility ("ABL Facility"). The ABL Facility is comprised of four sub-facilities: (i) a $1,180.0 million revolving facility to be made available to Unisource Worldwide, Inc. and xpedx, LLC (collectively, the "U.S. Borrowers"); (ii) a $70.0 million first-in, last-out facility to be made available to the U.S. Borrowers (such facility, along with the facility described in clause (i), the "U.S. Facilities"); (iii) a $140.0 million revolving facility to be made available to Unisource Canada, Inc. (the "Canadian Borrower" and, collectively with the U.S. Borrowers, the "Borrowers"); and (iv) a $10.0 million first-in, last-out facility made available to the Canadian Borrower (such facility, along with the facility described in clause (iii), the "Canadian Facilities"). The ABL Facility is available to be drawn in U.S. dollars, in the case of the U.S. Facilities, and in U.S. dollars or Canadian dollars, in the case of the Canadian Facilities, or in other currencies that are mutually agreeable.

	The ABL Facility will mature and the commitments thereunder will terminate after July 1, 2019, however, it provides for the right of the individual lenders to extend the maturity date of their respective commitments and loans upon the request of the Borrowers and without the consent of any other lenders. The ABL Facility may be prepaid at the Borrowers' option at any time without premium or penalty and is subject to mandatory prepayment if the amount outstanding under the ABL Facility exceeds either the aggregate commitments with respect thereto or the current borrowing base, in an amount equal to such excess.

	The ABL Facility requires a springing minimum fixed charge coverage ratio of at least 1.00 to 1.00 on a trailing four-quarter basis, which will be tested only when specified availability is less than the greater of (i) $90.0 million and (ii) 10.0% of the lesser of (x) the then applicable borrowing base and (y) the then total effective commitments under the ABL Facility, and continuing until such time as specified availability has been in excess of such threshold for a period of 20 consecutive calendar days. At September 30, 2014, the above test was not applicable.

	Availability under the ABL Facility is determined based upon a monthly borrowing base calculation which includes eligible customer receivables and inventory, less outstanding borrowings, letters of credit and certain designated reserves. As of September 30, 2014, the available borrowing capacity under the ABL Facility was approximately $509.1 million.

	Financing and other related costs incurred in connection with the ABL Facility are reflected in other non-current assets in the Condensed Consolidated and Combined Balance Sheets and are being amortized over the ABL Facility term. For the three months ended September 30, 2014, interest expense, net in the Condensed Consolidated and Combined Statements of Operations included $1.1 million of amortization of deferred financing fees.

	Senior Credit Facility

	On March 15, 2011, Unisource entered into an asset-based senior credit facility agreement (the "Senior Credit Facility") which had an original maturity date of March 15, 2016. The Senior Credit Facility provided for a borrowing limit of up to $600.0 million as of July 1, 2014, of which $323.8 million was drawn and outstanding as of July 1, 2014. On July 1, 2014, Veritiv assumed the Senior Credit Facility debt in connection with the Merger and used a portion of the proceeds borrowed against the ABL Facility to repay all of the outstanding balance under the Senior Credit Facility. Accordingly, the Senior Credit Facility expired on July 1, 2014 as a result of the prepayment.

	Equipment Capital Lease Obligations

	Capital lease obligations consist of delivery equipment, material handling equipment, computer hardware and office equipment which are leased through third parties under non-cancelable leases with terms ranging from three to eight years. Many of the delivery equipment leases include annual rate increases based on the Consumer Price Index which are included in the calculation of the initial lease obligation. The carrying value of the related equipment associated with these capital leases is included within property and equipment, net in the Condensed Consolidated and Combined Balance Sheets at September 30, 2014.

EquityBased_Incentive_Plans

Equity-Based Incentive Plans	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Equity-Based Incentive Plans	'
	11. EQUITY-BASED INCENTIVE PLANS

	Veritiv Incentive Plans

	2014 Omnibus Incentive Plan - In conjunction with the Spin-off and the Merger, Veritiv adopted the Veritiv Corporation 2014 Omnibus Incentive Plan (the "Omnibus Incentive Plan"). A total of 2,080,000 shares of Veritiv common stock may be issued under the Omnibus Incentive Plan, subject to certain adjustment provisions. Veritiv may grant options, stock appreciation rights, stock purchase rights, restricted shares, restricted stock units, dividend equivalents, deferred share units, performance shares, performance units and other equity-based awards under the Omnibus Incentive Plan. Awards may be granted under the Omnibus Incentive Plan to any employee, director, consultant or other service provider of Veritiv or a subsidiary of Veritiv. As of September 30, 2014, no awards had been granted pursuant to the Omnibus Incentive Plan.

	International Paper Incentive Plans

	At the time of the Spin-off, all equity awards held by employees of xpedx were granted under International Paper’s 2009 Incentive Compensation Plan ("ICP") or predecessor plans. The ICP authorizes grants of restricted stock, restricted or deferred stock units, performance awards payable in cash or stock upon the attainment of specified performance goals, dividend equivalents, stock options, stock appreciation rights, other stock-based awards, and cash-based awards at the discretion of the Management Development and Compensation Committee of the Board of Directors of International Paper that administers the ICP (the "Committee"). Restricted stock units were also awarded to certain non-U.S. employees. The following disclosures represented xpedx’s portion of such plans:

	Performance Share Plan (PSP) - The PSP provided for grants of performance-based restricted stock units (PSUs). International Paper ceased granting awards under the PSP to xpedx employees as of July 1, 2014 as a result of the Spin-off and Merger.

	Restricted Stock Award Program - The service-based Restricted Stock Award program, designed for recruitment, retention and special recognition purposes, provided for awards of restricted stock to key employees. International Paper ceased granting awards under this program to xpedx employees as of July 1, 2014 as a result of the Spin-off and Merger.

	In conjunction with the Spin-off, International Paper retained all rights and obligations of the above incentive plans.

	Stock-based compensation expense and related income tax benefits associated with these International Paper plans were as follows:


		Three Months Ended September 30,				Nine Months Ended September 30,
	(in millions)	2014		2013		2014		2013
	Total stock-based compensation expense	$	—	$	4	$	4.3	$	11.8

	Income tax benefit related to stock-based compensation	$	—	$	3.8	$	1.3	$	4.7

Employee_Benefit_Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
Employee Benefit Plans	'
	12. EMPLOYEE BENEFIT PLANS

	Defined Benefit Plans

	At September 30, 2014, Veritiv did not maintain any active defined benefit plans for its nonunion employees.

	Certain of xpedx’s employees participated in defined benefit pension and other post-retirement benefit plans sponsored by International Paper and accounted for by International Paper in accordance with accounting guidance for defined benefit pension and other post-employment benefit plans. In conjunction with the Spin-off, the above plans were frozen for the xpedx employees, and International Paper retained the associated liabilities and any potential costs for future periods. The amount of net pension and other post-employment benefit expense attributable to xpedx related to the International Paper sponsored plans was $1.5 million for the three months ended September 30, 2013, and $8.0 million and $9.1 million for the nine months ended September 30, 2014 and 2013, respectively.

	In conjunction with the Merger, Veritiv assumed responsibility for Unisource’s defined benefit plans and Supplemental Executive Retirement Plan ("SERP") in the U.S. and Canada. These plans were frozen prior to the Merger, as further discussed below.

	Unisource sponsored a defined benefit pension plan for its nonunion and union employees and a SERP for certain highly compensated employees. Effective February 15, 2008, Unisource elected to freeze its U.S. defined benefit pension plan for its nonunion employees and its SERP, although vested participants in such plans continue to receive interest credits on account balances earned prior to the freeze date. During the period from April 1, 2009 through September 25, 2013, the U.S. defined benefit pension plan for nonunion employees was prevented from making lump sum distributions to its participants, based on restrictions imposed by Internal Revenue Code Section 436, relating to the funded status of the plan. On September 26, 2013, the U.S. defined benefit pension plan received actuarial certification that the restrictions were lifted and eligible U.S. nonunion participants were permitted to receive lump sum payments for their full cash balance accounts. Expected benefit payments in the U.S. plan for 2014 assume that 10% of vested terminated participants will take lump sum payments; however, the timing of when the actual account balances will be paid is dependent on when participants elect to receive payment of their accounts. Union employees continue to accrue benefits under the U.S. defined benefit pension plan in accordance with collective bargaining agreements.

	In Canada, Unisource sponsored one nonunion and two union defined benefit plans also known as Registered Pension Plans. Unisource also maintained a nonregistered SERP for certain highly compensated employees in Canada that provides pension benefits in excess of the registered plan compensation limits. Effective December 31, 2009, the nonunion defined benefit plan and the SERP plan were frozen for service credit. However, the participants are still eligible for early retirement benefits, and final average earnings continue to be used for calculating retirement benefits. Effective 2010, the Unisource Canadian union defined benefit plans were frozen for new participants under the two collective bargaining agreements.

	Total net periodic pension credit associated with the defined benefit pension and SERP plans is summarized below:


	(in millions)	Three Months Ended September 30, 2014
	Service cost	$	0.4

	Interest cost	1.8

	Expected return on plan assets	(2.5		)
	Net periodic pension credit	$	(0.3	)

	Multiemployer Plans

	Veritiv contributes to multiemployer pension plans for certain collective bargaining employees. The risks of participating in these multiemployer pension plans are different from a single employer plan in the following aspects:


	•	Assets contributed to the multiemployer plans by one employer may be used to provide benefits to employees of other participating employers,

	•	If a participating employer ceases contributing to the plan, the unfunded obligations of the plan may be inherited by the remaining participating employers, and

	•	If the Company stops participating in any of the multiemployer plans, the Company may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability.

	Contributions to the bargaining unit supported multiemployer pension plans were $1.1 million and $0.8 million for the three months ended September 30, 2014 and 2013, respectively, and $2.3 million and $1.9 million for the nine months ended September 30, 2014 and 2013, respectively. It is reasonably possible that changes to Veritiv employees covered under these plans might result in additional contribution obligations to the plans. Any such obligations would be governed by the specific agreement between Veritiv and any such plan.

Shareholders_Equity

Shareholders' Equity	9 Months Ended
Shareholders' Equity	Sep. 30, 2014
Equity [Abstract]	'
Shareholders' Equity	'
	13. SHAREHOLDERS' EQUITY

	On the Distribution Date, Veritiv amended and restated its Certificate of Incorporation and its Bylaws. The following summarizes information concerning Veritiv's capital stock.

	Authorized Capital Stock

	As a result of the Spin-off, the Company’s authorized capital stock consists of 100,000,000 shares of common stock, par value $0.01 per share, and 10,000,000 shares of preferred stock, par value $0.01 per share.

	Common Stock

	Shares Outstanding: On the Distribution Date, 8,160,000 shares of Veritiv common stock were distributed on a pro rata basis to the International Paper shareholders of record as of the close of business on June 20, 2014. Furthermore, UWW Holdings, LLC, the sole shareholder of UWW Holdings, Inc., received 7,840,000 shares of Veritiv common stock for all outstanding shares of UWW Holdings, Inc. common stock that it held on the Distribution Date. Following these distributions, Veritiv had 16,000,000 shares of common stock issued and outstanding.

	Dividends: Each holder of common stock shall be entitled to participate equally in all dividends payable with respect to the common stock.

	Voting Rights: The holders of the Company’s common stock are entitled to vote only in the circumstances set forth in Veritiv's Amended and Restated Certificate of Incorporation. Each holder of common stock shall be entitled to one vote for each share of common stock held of record by such holder upon all matters to be voted on by the holders of the common stock.

	Other Rights: Each holder of common stock shall be entitled to share equally, subject to any rights and preferences of the preferred stock (as fixed by resolutions, if any, of the Board of Directors), in the assets of the Company available for distribution, in the event of any voluntary or involuntary liquidation, dissolution or winding up of the affairs of Veritiv, or upon any distribution of the assets of the Company.

	Preferred Stock

	Subject to the provisions of the Amended and Restated Certificate of Incorporation, the Board of Directors of Veritiv is authorized to provide for the issuance of up to 10,000,000 shares of preferred stock in one or more series. The Board of Directors may fix the number of shares constituting any series and determine the designation of the series, the dividend rates, rights of priority of dividend payment, the voting powers (if any) of the shares of the series, and the preferences and relative, participating, optional and other rights, if any, and any qualifications, limitations or restrictions, applicable to the shares of such series. No preferred stock was issued and outstanding as of September 30, 2014.

Commitments_and_Contingencies_

Commitments and Contingencies Disclosure	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	14. COMMITMENTS AND CONTINGENCIES

	Guarantees

	In connection with sales of property, equipment and other assets, the Company commonly makes representations and warranties relating to such assets and, in some instances, may agree to indemnify buyers with respect to tax and environmental liabilities, breaches of representations and warranties and other matters. Liabilities for such matters are evaluated and accrued upon being probable and subject to reasonable estimation at the end of each reporting period. There were no such accruals at September 30, 2014 or December 31, 2013.

	Legal Proceedings

	From time to time, the Company is involved in various lawsuits, claims, and regulatory and administrative proceedings arising out of its business relating to general commercial and contractual matters, governmental regulations, intellectual property rights, labor and employment matters, tax and other actions.

	Although the ultimate outcome of any legal proceeding or investigation cannot be predicted with certainty, based on present information, including the Company's assessment of the merits of the particular claim, the Company does not expect that any asserted or unasserted legal claims or proceedings, individually or in the aggregate, will have a material adverse effect on its cash flow, results of operations or financial condition.

	Operating Leases

	Certain properties and equipment are leased under cancelable and non-cancelable agreements. At September 30, 2014, total future minimum commitments under existing non-cancelable operating leases were as follows:



	(in millions)	2014(1)			2015			2016			2017			2018			Thereafter
	Lease obligations	$	23.6		$	79.5		$	66.2		$	55.2		$	46.2		$	95.1

	Sublease income	(0.1		)	(0.3		)	(0.2		)	(0.1		)	(0.1		)	—

	Total	$	23.5		$	79.2		$	66		$	55.1		$	46.1		$	95.1

	(1) Reflects remaining three months of 2014.

	The Company recorded rent expense of $23.5 million and $12.0 million for the three months ended September 30, 2014 and 2013, respectively, and $48.6 million and $35.7 million for the nine months ended September 30, 2014 and 2013, respectively. For the three months ended September 30, 2014, rent expense included $0.3 million of net amortization accretion related to the above and below market leasehold agreements that were acquired in conjunction with the Merger. The expected future amortization of such agreements is as follows:



	(in millions)	2014(1)			2015			2016			2017			2018			Thereafter
	Above market agreements	$	(0.5	)	$	(1.9	)	$	(1.5	)	$	(1.2	)	$	(1.0	)	$	(1.4	)
	Below market agreements	0.2			0.6			0.5			0.4			0.4			4.1

	Net amortization expense (accretion)	$	(0.3	)	$	(1.3	)	$	(1.0	)	$	(0.8	)	$	(0.6	)	$	2.7

	(1) Reflects remaining three months of 2014.

	Escheat Audit

	During 2013, Unisource was notified by the State of Delaware that they intended to examine the books and records of Unisource to determine compliance with Delaware escheat laws. Since that date, seven other states have joined with Delaware in the audit process which is conducted by an outside firm on behalf of the states and covers the period from 1981 to present. The Company has been informed that similar audits have generally taken two to four years to complete. Due to the preliminary stage of this audit, the Company has determined that the ultimate outcome cannot be estimated at this time. Any claims or liabilities resulting from these audits could have a material impact on the Company’s financial position, results of operations and cash flows.

Segment_Information

Segment Information	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Segment Information	'
	15. SEGMENT INFORMATION

	Effective July 1, 2014, in connection with the Spin-off and Merger, the Company reorganized its reportable segments as a result of a change in the way the Chief Executive Officer, who serves as the Chief Operating Decision Maker ("CODM"), manages and evaluates the business. Previously, the Company had three reportable segments: Print, Packaging and Facility Solutions. During the three months ended September 30, 2014, the Company realigned and expanded the Print segment into two separate reportable segments, Print and Publishing, and, therefore, expanded the number of reportable segments to four. In addition, as a result of the change in how the CODM manages and evaluates the business, certain costs such as executive costs, corporate affairs, finance, human resources, IT and legal that were previously allocated to the reportable segments are no longer allocated. The Company’s consolidated financial results now include a "Corporate & Other" category which includes certain assets and costs not directly related to any of the reportable segments. Corporate & Other also includes the Veritiv Logistics Solutions business which provides transportation and warehousing solutions. As a result of these changes in segment reporting, all historical segment information has been revised to conform to the new presentation, with no resulting impact on the consolidated and combined results of operations. The following is a brief description of the four reportable segments:

	Print - The Print segment sells and distributes commercial printing, writing, copying, digital, wide format, and specialty paper products, graphics consumables, and graphics equipment primarily in the U.S., Canada and Mexico. This segment also includes customized paper conversion services of commercial printing paper for distribution to document centers and form printers.

	Publishing - The Publishing segment sells and distributes coated and uncoated commercial printing papers to printers, converters, publishers, retailers and specialty businesses for use in magazines, catalogs, books, directories, gaming, couponing and retail inserts and direct mail. This segment also provides print management, e-commerce procurement and supply chain management solutions to simplify paper procurement processes for its customers.

	Packaging - The Packaging segment sells and distributes consumer goods packaging, packaging for industrial or manufacturing components and point-of-sale displays, as well as the sale and distribution of single function or fully automated packaging machines in the U.S., Canada and Mexico. This segment also includes packaging design centers that design and test packaging, fulfillment and contract packaging services, and international operations focused on packaging design, development, testing and sourcing of packaging products for its customers primarily in the U.S. and Canada.

	Facility Solutions - The Facility Solutions segment sells and distributes products such as towels, tissues, wipers and dispensers, can liners, commercial cleaning chemicals, soaps and sanitizers, sanitary maintenance supplies and equipment, safety and hazard supplies, and shampoos and amenities primarily in the U.S., Canada and Mexico. Products sold by this segment are primarily sourced from leading manufacturers in the U.S. and Canada.

	In conjunction with the change in reportable segments, management re-evaluated its use of key performance metrics. Historically, xpedx presented operating profit, excluding certain charges, as its measure of operating performance for presentation of segment results. Based on the recent evaluation, Veritiv management has concluded that Adjusted EBITDA is the primary metric management uses to assess operating performance. Therefore, the current and prior period segment presentations reflect Adjusted EBITDA as the operating performance measure.

	The following tables present net sales, Adjusted EBITDA and certain other measures for each of the reportable segments and total continuing operations for the periods presented:


	(in millions)	Print				Publishing			Packaging				Facility Solutions				Corporate & Other				Total

	Three Months Ended September 30, 2014

	Net sales	$	947.2			$	338.2		$	725			$	357			$	22.9			$	2,390.30

	Adjusted EBITDA	$	20.5			$	9.2		$	53			$	15.5			$	(46.7	)		$	51.5

	Depreciation and amortization	$	3.7			$	0.5		$	4.2			$	1.8			$	4			$	14.2

	Restructuring charges	$	—			$	—		$	—			$	—			$	0.1			$	0.1



	Three Months Ended September 30, 2013

	Net sales	$	613.2			$	215		$	404.5			$	210.1			$	—			$	1,442.80

	Adjusted EBITDA	$	14.8			$	5		$	32.1			$	5.3			$	(30.0	)		$	27.2

	Depreciation and amortization	$	1			$	0.1		$	0.7			$	0.4			$	2.2			$	4.4

	Restructuring charges	$	2.5			$	—		$	1.8			$	1.1			$	0.6			$	6



	Nine Months Ended September 30, 2014

	Net sales	$	2,038.30			$	715.4		$	1,529.50			$	720.6			$	22.9			$	5,026.70

	Adjusted EBITDA	$	38.1			$	16.6		$	104.4			$	18.4			$	(95.7	)		$	81.8

	Depreciation and amortization	$	6.1			$	0.6		$	5.9			$	2.6			$	7.9			$	23.1

	Restructuring charges (income)	$	(0.4	)		$	—		$	(0.2	)		$	(0.5	)		$	0.1			$	(1.0	)



	Nine Months Ended September 30, 2013

	Net sales	$	1,812.50			$	596.8		$	1,189.40			$	635.4			$	—			$	4,234.10

	Adjusted EBITDA	$	35.7			$	12		$	91.4			$	10.3			$	(89.6	)		$	59.8

	Depreciation and amortization	$	3.3			$	0.2		$	2.2			$	1.2			$	5.9			$	12.8

Restructuring charges	$	12.9			$	1.1		$	9			$	5.7			$	1.7			$	30.4


The table below presents a reconciliation of income (loss) from continuing operations before income taxes reflected in the Condensed Consolidated and Combined Statements of Operations to Total Adjusted EBITDA:


	Three Months Ended							Nine Months Ended
	September 30,							September 30,
(in millions)	2014				2013			2014				2013
Income (loss) from continuing operations before income taxes	$	(24.4	)		$	9.1		$	(10.1	)		$	4

Interest expense	6.8				—			6.8				—

Depreciation and amortization	14.2				4.4			23.1				12.8

Restructuring charges (income)	0.1				6			(1.0		)		30.4

Non-restructuring stock-based compensation	—				3.2			4				9.8

LIFO (income) expense	(0.5		)		4.2			(0.8		)		1.9

Non-restructuring severance charges	—				0.3			2.4				0.9

Merger and integration expenses	54.8				—			56.9				—

Other	0.5				—			0.5				—

Total Adjusted EBITDA	$	51.5			$	27.2		$	81.8			$	59.8


The table below summarizes total assets as of September 30, 2014 and December 31, 2013:


(in millions)	30-Sep-14				31-Dec-13
Print	$	1,025.80			$	517.1

Publishing	207				77.2

Packaging	802.5				401.7

Facility Solutions	380.2				201.7

Corporate & Other	251.2				59.2

Total assets	$	2,666.70			$	1,256.90

RelatedParty_Transactions

Related-Party Transactions	9 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	16. RELATED PARTY TRANSACTIONS

	Agreements with UWW Holdings, LLC

	As described in Note 1, Description of Business and Basis of Presentation, on the Distribution Date UWW Holdings, LLC, the sole shareholder of UWW Holdings, Inc., received 7,840,000 shares of Veritiv common stock for all outstanding shares of UWW Holdings, Inc. common stock that it held, in a private placement transaction. Additionally, Veritiv and UWW Holdings, LLC executed the following agreements:


	•	Registration Rights Agreement: The Registration Rights Agreement provides UWW Holdings, LLC with certain demand and piggyback registration rights. Under this Agreement, UWW Holdings, LLC is also entitled to transfer its Veritiv common stock to one or more of its affiliates or equity-holders and may exercise registration rights on behalf of such transferees if such transferees become a party to the Registration Rights Agreement. UWW Holdings, LLC, on behalf of the holders of shares of Veritiv’s common stock that are party to the Registration Rights Agreement, under certain circumstances and provided certain thresholds described in the Registration Rights Agreement are met, may make a written request to the Company for the registration of the offer and sale of all or part of the shares subject to such registration rights. If the Company registers the offer and sale of its common stock (other than pursuant to a demand registration or in connection with registration on Form S-4 and Form S-8 or any successor or similar forms, or relating solely to the sale of debt or convertible debt instruments) either on its behalf or on the behalf of other security holders, the holders of the registration rights under the Registration Rights Agreement are entitled to include their shares in such registration. The demand rights described will commence 180 days after the Distribution Date. Veritiv is not required to effect more than one demand registration in any 150-day period or more than two demand registrations in any 365-day period. If Veritiv believes that a registration or an offering would materially affect a significant transaction or would require it to disclose confidential information which it in good faith believes would be adverse to its interest, then Veritiv may delay a registration or filing for no more than 120 days in a 360-day period.


	•	Tax Receivable Agreement: The Tax Receivable Agreement sets forth the terms by which Veritiv generally will be obligated to pay UWW Holdings, LLC an amount equal to 85% of the U.S. federal, state and Canadian income tax savings that Veritiv actually realizes as a result of the utilization of Unisource Worldwide, Inc.’s net operating losses attributable to taxable periods prior to the date of the Merger. For purposes of the Tax Receivable Agreement, Veritiv’s income tax savings will generally be computed by comparing Veritiv’s actual aggregate U.S. federal, state and Canadian income tax liability for taxable periods (or portions thereof) beginning after the date of the Merger to the amount of Veritiv’s aggregate U.S. federal, state and Canadian income tax liability for the same periods had Veritiv not been able to utilize Unisource Worldwide, Inc.’s net operating losses attributable to taxable periods prior to the date of the Merger. Veritiv will pay to UWW Holdings, LLC an amount equal to 85% of such tax savings, plus interest at a rate of LIBOR plus 1.00%, computed from the earlier of the date that Veritiv filed its U.S. federal income tax return for the applicable taxable year and the date that such tax return was due (without extensions) until payments are made. Under the Tax Receivable Agreement, UWW Holdings, LLC will not be required to reimburse Veritiv for any payments previously made if such tax benefits are subsequently disallowed or adjusted (although future payments under the Tax Receivable Agreement would be adjusted to the extent possible to reflect the result of such disallowance or adjustment). The Tax Receivable Agreement will be binding on and adapt to the benefit of any permitted assignees of UWW Holdings, LLC and to any successors to any of the parties of the Tax Receivable Agreement to the same extent as if such permitted assignee or successor had been an original party to the Tax Receivable Agreement.

	Transactions with Georgia-Pacific

	Veritiv purchases certain inventory items from, and sells certain inventory items to, Georgia-Pacific ("GP"), joint owner of UWW Holdings, LLC, in the normal course of business. Purchases from GP, net of applicable discounts, were $62.7 million, reflected in cost of products sold for the three months ended September 30, 2014. The aggregate amount of inventories purchased from GP that remained on Veritiv's Condensed Consolidated Balance Sheet was $27.0 million as of September 30, 2014. Net sales to GP were $9.2 million, reflected in net sales, for the three months ended September 30, 2014. Related party payable to GP and receivable from GP were $14.9 million and $3.4 million, as of September 30, 2014, respectively.

	Financing Obligations to Related Party
	In connection with Bain Capital Fund VII, L.P.’s acquisition of its 60% interest in UWW Holdings, Inc. on November 27, 2002, Unisource transferred 42 of its U.S. warehouse and distribution facilities (the "Properties") to GP, who then sold 38 of the Properties to an unrelated third party (the "Purchaser/Landlord"). Contemporaneously with the sale, GP entered into lease agreements with the Purchaser/Landlord with respect to the individual 38 Properties and concurrently entered into sublease agreements with Unisource, which are set to expire in June 2018. As a result of certain forms of continuing involvement, these transactions did not qualify for sale-leaseback accounting. Accordingly, the leases were classified as financing transactions. At the end of the lease term, the net remaining financing obligation of $174.0 million will be settled by the return of the assets.

	The lease and sublease agreements also include rent schedules and escalation clauses throughout the lease and sublease terms. Subject to certain conditions, Unisource has the right to sublease any of the Properties. Under the terms of the lease and sublease agreements, GP and Unisource are responsible for all costs and expenses associated with the Properties, including the operation, maintenance and repair, taxes and insurances. Unisource leases from GP the remaining four Properties that are directly owned by GP and has classified them as capital or operating leases in accordance with the accounting guidance.

	Relationship between Veritiv and International Paper

	Transactions with International Paper

	Prior to the Spin-off, xpedx purchased certain inventory items from, and sold certain inventory items to, International Paper in the normal course of business. For the three and nine months ended September 30, 2013, the Company sold products to International Paper in the amount of $12.8 million and $40.3 million, respectively, reflected in net sales. For the nine months ended September 30, 2014, the Company sold products to International Paper in the amount of $24.3 million, reflected in net sales. For the three and nine months ended September 30, 2013, the Company purchased and recognized in cost of products sold inventory from International Paper of $158.6 million and $465.6 million, respectively. For the nine months ended September 30, 2014, the Company purchased and recognized in cost of products sold inventory from International Paper of $276.5 million. As of December 31, 2013, the aggregate amount of inventories purchased from International Paper that remained on the Company’s Condensed Combined Balance Sheet was $48.5 million. Related party payable to International Paper and receivable from International Paper were $2.6 million and $10.1 million as of December 31, 2013, respectively. After the Spin-off and the Merger, Veritiv continues to purchase and sell certain inventory items to International Paper that are considered transactions in the normal course of the Company’s operations. While the Company and International Paper have entered into a transition services agreement, the Company has concluded that International Paper is not a related party.

	Parent Company Investment

	Net transfers (to) from International Paper are included within Parent company equity on the Condensed Combined Balance Sheet as of December 31, 2013. All significant intercompany transactions between xpedx and International Paper have been included for the periods prior to the Spin-off and are considered to be effectively settled for cash at the time the transaction is recorded. The total net effect of the settlement of these intercompany transactions is reflected in the Condensed Consolidated and Combined Statements of Cash Flows as a financing activity and in the Condensed Consolidated and Combined Balance Sheets as Parent company investment. The components of net transfers (to) from Parent for the three and nine months ended September 30, 2014 and 2013, were as follows:


		Three Months Ended						For the Nine Months
		September 30,						Ended September 30,
	(in millions)	2014			2013			2014			2013
	Intercompany sales and purchases, net	$	—		$	157.7		$	255.4		$	431.6

	Cash pooling and general financing activities	—			(165.7		)	(322.5		)	(503.2		)

	Corporate allocations including income taxes	—			27.6			34.7			65.1

	Net adjustments in conjunction with the Spin-off	(50.2		)	—			(50.2		)	—

	Total net transfers (to) from International Paper	$	(50.2	)	$	19.6		$	(82.6	)	$	(6.5	)


	In conjunction with the Spin-off, certain xpedx assets and liabilities were retained by International Paper. Such assets and liabilities were identified and quantified in accordance with the terms agreed to in the Contribution and Distribution Agreement ("C&DA") dated January 28, 2014, entered into by International Paper, xpedx Holding Company, UWW Holdings, Inc. and UWW Holdings, LLC. Additionally, in accordance with the C&DA, the parties agreed to settle, within 30 days of the Distribution Date, all intercompany balances outstanding between International Paper and xpedx as of the Distribution Date, determined based on an agreed-upon formula. The net effect of assets and liabilities retained and adjustments to intercompany balances as of the Distribution Date are reflected in the table above in the net adjustments in conjunction with the Spin-off. These primarily include $24.3 million of net assets transferred to International Paper and settlement of intercompany balances of $24.6 million as of the Distribution Date.

	Allocation of General Corporate Expenses

	Prior to the Spin-off, the xpedx financial statements included expense allocations for certain functions previously provided by International Paper, including, but not limited to, general corporate expenses related to finance, legal, information technology, human resources, communications, insurance and stock-based compensation. These expenses were allocated on the basis of direct usage when identifiable, with the remainder principally allocated on the basis of percent of capital employed, headcount, sales or other measures. During the three and nine months ended September 30, 2013, $20.6 million and $60.4 million of expenses were allocated to xpedx and were included within selling and administrative expenses in the Condensed Consolidated and Combined Statements of Operations. For the nine months ended September 30, 2014, the Condensed Consolidated and Combined Statements of Operations reflect approximately $25.5 million of expenses allocated to xpedx prior to the Spin-off.

	Separation Agreements with Former Unisource CEO

	Effective as of the Distribution Date, Allan R. Dragone, Jr. ceased to be the Chief Executive Officer of Unisource and became a member of Veritiv’s Board of Directors. Under his then existing employment agreement with Unisource, Mr. Dragone was entitled to receive severance benefits, subject to his execution and non-revocation of a general release of claims against Unisource, the Company and International Paper. Under a Separation and Non-Competition Agreement entered into between the Company and Mr. Dragone as of June 30, 2014 (the “Separation Agreement”), Mr. Dragone received an additional $3.0 million in severance pay and agreed to be bound by the restrictive covenants set forth in the Separation Agreement. During the three months ended September 30, 2014, the Company recognized $5.4 million in expense related to Mr. Dragone's employment agreement and the Separation Agreement, which is reflected in merger and integration expenses in the Condensed Consolidated and Combined Statements of Operations. In addition, as part of his employment agreement, Mr. Dragone exercised his right to sell his personal residence to the Company.

Restatement_of_Previously_Issu

Restatement of Previously Issued Financial Statements	9 Months Ended
	Sep. 30, 2014
Accounting Changes and Error Corrections [Abstract]	'
Restatement of Previously Issued Financial Statements	'
	17. RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

	Subsequent to the issuance of the 2013 combined financial statements, xpedx management discovered an error related to the deferred tax effect of the LIFO reserve. xpedx incorrectly recognized a deferred tax asset instead of a deferred tax liability.

	The following are previously reported and restated balances of affected line items in the Condensed Combined Balance Sheets as of December 31, 2013 and Condensed Combined Statements of Cash Flows for the nine months ended September 30, 2013.

	Condensed Combined Balance Sheets


		As of December 31, 2013
	(in millions)	As			Adjustments			As
		Reported						Restated
	Deferred income tax assets	$	55.3		$	(55.3	)	$	—

	Total current assets	1,137.30			(55.3		)	1,082.00

	Total assets	1,312.20			(55.3		)	1,256.90

	Deferred income tax liabilities	—			13.5			13.5

	Total current liabilities	451.3			13.5			464.8

	Total liabilities	463.8			13.5			477.3

	Parent company investment	853.1			(68.8		)	784.3

	Total equity	848.4			(68.8		)	779.6

	Total liabilities and equity	1,312.20			(55.3		)	1,256.90


	Condensed Combined Statements of Cash Flows


		Nine Months Ended September 30, 2013
	(in millions)	As			Adjustments			As
		Reported						Restated
	Deferred income tax provision	$	4.2		$	(0.7	)	$	3.5

	Cash provided by operating activities - continuing operations	12.7			(0.7		)	12

	Cash provided by operating activities	12.6			(0.7		)	11.9


	Net transfers to Parent	(17.6		)	0.7			(16.9		)

	Cash used for financing activities - continuing operations	(26.7		)	0.7			(26.0		)

	Cash used for financing activities	(28.6		)	0.7			(27.9		)


	The Condensed Combined Balance Sheets as of December 31, 2013, the Condensed Combined Statements of Cash Flows for the nine months ended September 30, 2013 and Note 15, Segment Information, as of and for the year ended December 31, 2013, have been restated to correct for this error. This error did not have an impact on the Condensed Combined Statements of Operations and Condensed Combined Statements of Comprehensive Income for the three and nine months ended September 30, 2013.

Description_of_Business_and_Ba1

Description of Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Combination	'
	Basis of Presentation

	Prior to the Distribution Date, Veritiv’s financial position, results of operations and cash flows consisted of only the xpedx business of International Paper and have been derived from International Paper’s historical accounting records. The financial results of xpedx have been presented on a carve-out basis through the Distribution Date, while the financial results for Veritiv, post Spin-off, are prepared on a stand-alone basis. As such, the unaudited interim Condensed Consolidated and Combined Statements of Operations, Condensed Consolidated and Combined Statements of Comprehensive Income and Condensed Consolidated and Combined Statements of Cash Flows for the nine months ended September 30, 2014 consist of the consolidated results of Veritiv on a stand-alone basis for the three months ended September 30, 2014, and the combined results of operations of xpedx for the six months ended June 30, 2014 on a carve-out basis. The condensed combined financial statements as of December 31, 2013 and for the three and nine months ended September 30, 2013 consist entirely of the combined results of xpedx on a carve-out basis.

	The unaudited interim Condensed Consolidated and Combined Financial Statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). Accordingly, certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles ("GAAP") in the United States have been omitted. These unaudited interim Condensed Consolidated and Combined Financial Statements should be read in conjunction with the xpedx audited combined financial statements and notes thereto included in the Company’s Registration Statement on Form S-1.

	In the opinion of management, such unaudited interim Condensed Consolidated and Combined Financial Statements include all normal recurring adjustments necessary to present fairly the results of operations, financial position and cash flows. Net sales and net earnings for any interim period are not necessarily indicative of future or annual results. The Company's business is subject to seasonal influences. Generally, the Company's highest volume of net sales occurs in the third fiscal quarter, and the lowest volume of net sales occurs during the first fiscal quarter.

	The preparation of the unaudited interim Condensed Consolidated and Combined Financial Statements requires management to make use of estimates and assumptions that affect the reported amount of assets and liabilities, revenue and expenses, and certain financial statement disclosures. Significant estimates in these unaudited interim Condensed Consolidated and Combined Financial Statements include revenue recognition, accounts receivable valuation, inventory valuation, employee benefit plans, income tax and goodwill and other intangible asset valuation. Estimates are revised as additional information becomes available.

	For periods prior to the Spin-off, the condensed combined financial statements include expense allocations for certain functions previously provided by International Paper, including, but not limited to, general corporate expenses related to finance, legal, information technology, human resources, communications, insurance and stock-based compensation. These expenses have been allocated on the basis of direct usage when identifiable, with the remainder principally allocated on the basis of percent of capital employed, headcount, sales or other measures. Management considers the basis on which the expenses have been allocated to reasonably reflect the utilization of services provided to or for the benefit received by xpedx during those periods. The allocations may not, however, reflect the expenses xpedx would have incurred as an independent company for the periods presented. Actual costs that may have been incurred if xpedx had been a stand-alone company would depend on a number of factors, including the organizational structure, whether functions were outsourced or performed by employees and strategic decisions made in areas such as information technology and infrastructure. Veritiv is unable to determine what such costs would have been had xpedx been independent. See Note 16, Related Party Transactions, for further information.

	Following the Spin-off, certain corporate and other related functions described above continue to be provided by International Paper under a transition services agreement. For the three months ended September 30, 2014, the Condensed Consolidated and Combined Statements of Operations reflects $8.0 million in selling and administrative expenses related to this agreement.

	The Company operates on a calendar year-end.
Accounts Receivable	'
Accounts Receivable	Accounts receivable were recognized net of allowances that primarily consisted of allowances for doubtful accounts of $28.4 million and $22.5 million as of September 30, 2014 and December 31, 2013, respectively, with the remaining balance of $7.0 million and $0.2 million being comprised of other allowances as of September 30, 2014 and December 31, 2013, respectively. The allowance for doubtful accounts reflects the best estimate of losses inherent in the Company’s accounts receivable portfolio determined on the basis of historical experience, specific allowances for known troubled accounts and other available evidence. The other allowances balance is inclusive of credit risks, returns, discounts and any other items affecting the realization of these assets. Accounts receivable are written off when management determines they are uncollectible.
Inventories, Net	'
Inventories, Net	are primarily valued at cost as determined by the last-in, first-out method ("LIFO"). Such valuations are not in excess of market. Elements of cost in inventories include the purchase price invoiced by a supplier, plus inbound freight and related costs, and are reduced by estimated volume-based rebates and purchase discounts available from certain suppliers.

Merger_with_Unisource_Tables

Merger with Unisource (Tables)	9 Months Ended
Merger with Unisource (Tables)	Sep. 30, 2014
Business Combinations [Abstract]	'
Schedule of Business Acquisition Purchase Price	'
	The following table summarizes the components of the preliminary estimated purchase price for Unisource and the preliminary allocation of the purchase price to assets acquired and liabilities assumed as of the date of the Merger:



	Preliminary estimated purchase price:	(in millions)
	Fair value of Veritiv shares transferred	$	284.7
	Fair value of Veritiv shares transferred	$	284.7
	Cash payment associated with customary working capital and net indebtedness adjustments	33.9
		33.9
	Fair value of contingent liability associated with the Tax Receivable Agreement	60.9
		60.9
	Total preliminary estimated purchase price	$	379.5
	Total preliminary estimated purchase price	$	379.5
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	'


	Preliminary Allocation:	(in millions)
	Cash	$	70.9
	Cash	$	70.9
	Accounts receivable	448.4
	Accounts receivable	448.4
	Inventories	351.9
	Inventories	351.9
	Deferred income tax assets	79.8
	Deferred income tax assets	79.8
	Property and equipment	301.2
	Property and equipment	301.2
	Goodwill	28.7
	Goodwill	28.7
	Other intangible assets	29.9
	Other intangible assets	29.9
	Other current and non-current assets (including below market leasehold agreements)	61.7
		61.7
	Accounts payable	(263.8		)
	Long-term debt (including equipment capital leases)	(333.2		)
	Financing obligations to related party	(238.2		)
	Defined benefit pension obligations	(31.0		)
	Other current and non-current liabilities (including above market leasehold agreements)	(126.8		)
	Total purchase price	$	379.5
	Total purchase price	$	379.5
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	'
	The purchase price allocated to the identifiable intangible assets acquired is as follows:


		Value			Estimated Useful Life (*in years)*
		(in millions)			Estimated Useful Life (*in years)*
	Customer relationships	$	23.1		10 — 12
	Customer relationships	$	23.1		10 — 12
	Trademarks/Trade names	3.9			1 — 5
	Trademarks/Trade names	3.9			1 — 5
	Non-compete agreements	2.9			1
	Non-compete agreements	2.9			1
	Total identifiable intangible assets acquired	$	29.9
	Total identifiable intangible assets acquired	$	29.9
Business Acquisition, Pro Forma Information	'
	The following unaudited pro forma financial information presents results as if the Merger and the related financing, further described in Note 10, Debt, occurred on January 1, 2013. The historical consolidated financial information of the Company and Unisource has been adjusted in the pro forma information to give effect to pro forma events that are directly attributable to the transactions and factually supportable. The unaudited pro forma results do not reflect events that have occurred or may occur after the transactions, including the impact of any synergies expected to result from the Merger. Accordingly, the unaudited pro forma financial information is not necessarily indicative of the results of operations as they would have been had the transactions been effected on the assumed date, nor is it necessarily an indication of future operating results.


	(Unaudited)	Three Months Ended					Nine Months Ended
	(Unaudited)	September 30,					September 30,
	(in millions, except share and per share data)	2014			2013		2014		2013
	Net sales	$	2,390.30		$	2,471.80	$	6,934.20	$	7,246.80
	Net sales	$	2,390.30		$	2,471.80	$	6,934.20	$	7,246.80
	Net income(1)	$	21.2		$	244.7	$	22.8	$	189.2
	Net income(1)	$	21.2		$	244.7	$	22.8	$	189.2
	Earnings per share - basic and diluted	$	1.33		$	15.29	$	1.43	$	11.83
	Earnings per share - basic and diluted	$	1.33		$	15.29	$	1.43	$	11.83
	Weighted-average shares outstanding - basic and diluted	16,000,000			16,000,000		16,000,000		16,000,000
	Weighted-average shares outstanding - basic and diluted	16,000,000			16,000,000		16,000,000		16,000,000
	(1) Unisource's historical results for the three and nine months ended September 30, 2013 include the reversal of a $238.7 million valuation allowance against its U.S. federal and a substantial portion of its state net deferred tax assets.

Restructuring_Charges_Tables

Restructuring Charges (Tables)	9 Months Ended
	Sep. 30, 2014
Restructuring and Related Activities [Abstract]	'
Schedule of Restructuring Reserve	'
	The corresponding liability and activity during the current year are detailed in the table below. In connection with the Spin-off on July 1, 2014, the remaining liability at June 30, 2014 was transferred to International Paper. See Note 16, Related Party Transactions, for more details.


	(in millions)	Total
	Liability at December 31, 2013	$	7.7

	Additional provision	0.1

	Payments	(3.9		)
	Adjustment of prior year's estimate	(0.3		)
	Liability transferred to Parent in connection with Spin-off	(3.6		)
	Liability at September 30, 2014	$	—

Discontinued_Operations_Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Schedule of Net Sales, Income from Operations and Loss on Disposition for Discontinued Operations	'
	Results of discontinued operations were as follows:


		Three Months Ended					Nine Months Ended
		September 30,					September 30,
	(in millions)	2014		2013			2014			2013
	Loss from operations	$	—	$	(0.1	)	$	(0.1	)	$	(0.3	)

	Restructuring and disposal income	—		—			—			0.3

	Loss from discontinued operations	$	—	$	(0.1	)	$	(0.1	)	$	—

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted	'
	For the three and nine months ended September 30, 2014 and 2013, basic and diluted earnings (loss) per share were as follows:


		Three Months Ended						Nine Months Ended
		September 30,						September 30,
	(in millions, except share and per share data)	2014			2013			2014			2013
	Income (loss) from continuing operations	$	(14.0	)	$	5.2		$	(5.5	)	$	2

	Income (loss) from discontinued operations	—			(0.1		)	(0.1		)	—

	Net income (loss)	$	(14.0	)	$	5.1		$	(5.6	)	$	2


	Weighted-average number of shares outstanding - basic and diluted	16,000,000			8,160,000			10,773,333			8,160,000


	Earnings (loss) per share:
	Basic and diluted
	Continuing operations	$	(0.88	)	$	0.64		$	(0.51	)	$	0.25

	Discontinued operations	—			(0.01		)	(0.01		)	—

	Basic and diluted earnings (loss) per share	$	(0.88	)	$	0.63		$	(0.52	)	$	0.25

Goodwill_and_Other_Intangible_1

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of Goodwill	'
	The following table sets forth the changes in the carrying amount of goodwill:


	(in millions)	Print				Publishing				Packaging				Facility Solutions				Corporate & Other				Total
	Balance at December 31, 2013	$	—			$	—			$	26.4			$	—			$	—			$	26.4

	Additions to goodwill	—				—				22.7				1.9				4.1				28.7

	Balance at September 30, 2014	$	—			$	—			$	49.1			$	1.9			$	4.1			$	55.1

Schedule of Finite-Lived Intangible Assets	'
	The components of the Company's other intangible assets were as follows:


				September 30, 2014												December 31, 2013
	(in millions)	Estimated Useful Lives (in years)		Gross Carrying Amount				Accumulated Amortization				Net				Gross Carrying Amount				Accumulated Amortization				Net
	Customer relationships	1 — 12		$	53.8			$	23			$	30.8			$	30.7			$	21.5			$	9.2

	Trademarks/Trade names	1 — 11		4.1				0.6				3.5				0.2				0.1				0.1

	Non-compete agreements	1		2.9				0.7				2.2				—				—				—

	Total			$	60.8			$	24.3			$	36.5			$	30.9			$	21.6			$	9.3

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	'
	The estimated aggregate amortization expense for each of the five succeeding years is as follows (in millions):


	Year-Ended		Total
	2014(1)		$	2.1

	2015		6.2

	2016		4.1

	2017		4.1

	2018		4.1

	(1) Reflects remaining three months of 2014.

Supplementary_Financial_Statem1

Supplementary Financial Statement Information (Tables)	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Schedule of Other Current Assets	'
	The components of other current assets were as follows:


	(in millions)	September 30,			December 31,
		2014			2013
	Rebates receivable	$	50.8		$	18.4

	Prepaid expenses	32			5.6

	Other	19.8			2.3

	Other current assets	$	102.6		$	26.3

Property and Equipment, Net	'
	The components of property and equipment, net were as follows:


	(in millions)	September 30,			December 31,
		2014			2013
	Land, buildings and improvements	$	132		$	143.8

	Machinery and equipment	109.9			72.5

	Equipment capital leases and assets related to financing obligations with related party	229.3			—

	Internally developed software	104.3			84.5

	Other	14.9			4.9

	Less: Accumulated depreciation	(211.2		)	(198.6		)
	Property and equipment, net	$	379.2		$	107.1

Other Non-Current Assets	'
	The components of other non-current assets were as follows:


	(in millions)	September 30,			December 31,
		2014			2013
	Deferred financing costs	$	21.2		$	—

	Investments in real estate joint ventures	5.7			—

	Below market leasehold agreements	6.2			—

	Other	13.1			9.4

	Other non-current assets	$	46.2		$	9.4

Accrued Payroll and Benefits	'
	Accrued Payroll and Benefits

	The components of accrued payroll and benefits were as follows:


	(in millions)	September 30,			December 31,
		2014			2013
	Accrued payroll and related taxes	$	32.7		$	11.2

	Accrued commissions	36.6			25.9

	Other	39.7			17.8

	Accrued payroll and benefits	$	109		$	54.9

Other Accrued Liabilities	'
	The components of other accrued liabilities were as follows:


	(in millions)	September 30,			December 31,
		2014			2013
	Accrued taxes	$	15.5		$	6.4

	Accrued customer incentives	22.6			12.8

	Accrued freight	9.7			2.4

	Accrued professional fees	5.2			—

	Customer deposits	4.4			—

	Accrued interest	2.3			—

	Other	34.6			14.9

	Other accrued liabilities	$	94.3		$	36.5

Other Non-Current Liabilities	'
	The components of other non-current liabilities were as follows:


	(in millions)	September 30,			December 31,
		2014			2013
	Contingent liability associated with Tax Receivable Agreement	$	60.9		$	—

	Deferred compensation	24.5			—

	Above market leasehold agreements	7.5			—

	Asset retirement obligations	6.5			—

	Other	13.6			12.5

	Other non-current liabilities	$	113		$	12.5

Income_Taxes_Income_Taxes_Tabl

Income Taxes Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Schedule of Provision for Income Tax (Benefit) Expense	'
	The following table presents the provision for income tax (benefit) expense and the effective tax rates for the three and nine months ended September 30, 2014 and 2013:



		Three Months Ended September 30,						Nine Months Ended
								September 30,
	(in millions)	2014			2013			2014			2013
	Income (loss) from continuing operations before income taxes	$	(24.4	)	$	9.1		$	(10.1	)	$	4

	Income tax (benefit) expense	(10.4		)	3.9			(4.6		)	2

	Effective income tax rate	42.6		%	42.9		%	45.5		%	50		%

Debt_Tables

Debt (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Obligations	'
	The Company did not have any long-term debt obligations as of December 31, 2013. As of September 30, 2014, the Company's long-term debt obligations were as follows:


	(in millions)	30-Sep-14
	ABL Facility(1)	$	796.9

	Equipment capital lease obligations	9.7

	Less: current portion of long-term debt	(3.3		)
	Long-term debt, net	$	803.3

	(1) Includes $22.8 million of Canadian bank overdrafts as of September 30, 2014.

EquityBased_Incentive_Plans_Ta

Equity-Based Incentive Plans (Tables)	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan	'
	Stock-based compensation expense and related income tax benefits associated with these International Paper plans were as follows:


		Three Months Ended September 30,				Nine Months Ended September 30,
	(in millions)	2014		2013		2014		2013
	Total stock-based compensation expense	$	—	$	4	$	4.3	$	11.8

	Income tax benefit related to stock-based compensation	$	—	$	3.8	$	1.3	$	4.7

Employee_Benefit_Plans_Tables

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
Schedule of Net Benefit Costs	'
	otal net periodic pension credit associated with the defined benefit pension and SERP plans is summarized below:


	(in millions)	Three Months Ended September 30, 2014
	Service cost	$	0.4

	Interest cost	1.8

	Expected return on plan assets	(2.5		)
	Net periodic pension credit	$	(0.3	)

Commitments_and_Contingencies_1

Commitments and Contingencies Disclosure (Tables)	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of Future Minimum Rental Payments for Operating Leases	'
	At September 30, 2014, total future minimum commitments under existing non-cancelable operating leases were as follows:



	(in millions)	2014(1)			2015			2016			2017			2018			Thereafter
	Lease obligations	$	23.6		$	79.5		$	66.2		$	55.2		$	46.2		$	95.1

	Sublease income	(0.1		)	(0.3		)	(0.2		)	(0.1		)	(0.1		)	—

	Total	$	23.5		$	79.2		$	66		$	55.1		$	46.1		$	95.1

	(1) Reflects remaining three months of 2014.
Above and Below Market Leases, Amortization Expense (Accretion) Disclosure	'
	The expected future amortization of such agreements is as follows:



	(in millions)	2014(1)			2015			2016			2017			2018			Thereafter
	Above market agreements	$	(0.5	)	$	(1.9	)	$	(1.5	)	$	(1.2	)	$	(1.0	)	$	(1.4	)
	Below market agreements	0.2			0.6			0.5			0.4			0.4			4.1

	Net amortization expense (accretion)	$	(0.3	)	$	(1.3	)	$	(1.0	)	$	(0.8	)	$	(0.6	)	$	2.7

	(1) Reflects remaining three months of 2014.

Segment_Information_Tables

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information, by Segment	'
	The following tables present net sales, Adjusted EBITDA and certain other measures for each of the reportable segments and total continuing operations for the periods presented:


	(in millions)	Print			Publishing		Packaging			Facility Solutions			Corporate & Other			Total

	Three Months Ended September 30, 2014

	Net sales	$	947.2		$	338.2	$	725		$	357		$	22.9		$	2,390.30

	Adjusted EBITDA	$	20.5		$	9.2	$	53		$	15.5		$	(46.7	)	$	51.5

	Depreciation and amortization	$	3.7		$	0.5	$	4.2		$	1.8		$	4		$	14.2

	Restructuring charges	$	—		$	—	$	—		$	—		$	0.1		$	0.1



	Three Months Ended September 30, 2013

	Net sales	$	613.2		$	215	$	404.5		$	210.1		$	—		$	1,442.80

	Adjusted EBITDA	$	14.8		$	5	$	32.1		$	5.3		$	(30.0	)	$	27.2

	Depreciation and amortization	$	1		$	0.1	$	0.7		$	0.4		$	2.2		$	4.4

	Restructuring charges	$	2.5		$	—	$	1.8		$	1.1		$	0.6		$	6



	Nine Months Ended September 30, 2014

	Net sales	$	2,038.30		$	715.4	$	1,529.50		$	720.6		$	22.9		$	5,026.70

	Adjusted EBITDA	$	38.1		$	16.6	$	104.4		$	18.4		$	(95.7	)	$	81.8

	Depreciation and amortization	$	6.1		$	0.6	$	5.9		$	2.6		$	7.9		$	23.1

	Restructuring charges (income)	$	(0.4	)	$	—	$	(0.2	)	$	(0.5	)	$	0.1		$	(1.0	)



	Nine Months Ended September 30, 2013

	Net sales	$	1,812.50		$	596.8	$	1,189.40		$	635.4		$	—		$	4,234.10

	Adjusted EBITDA	$	35.7		$	12	$	91.4		$	10.3		$	(89.6	)	$	59.8

	Depreciation and amortization	$	3.3		$	0.2	$	2.2		$	1.2		$	5.9		$	12.8

	Restructuring charges	$	12.9		$	1.1	$	9		$	5.7		$	1.7		$	30.4

Reconciliation of Total Adjusted EBITDA to Net Income (Loss)	'
	The table below presents a reconciliation of income (loss) from continuing operations before income taxes reflected in the Condensed Consolidated and Combined Statements of Operations to Total Adjusted EBITDA:


		Three Months Ended					Nine Months Ended
		September 30,					September 30,
	(in millions)	2014			2013		2014			2013
	Income (loss) from continuing operations before income taxes	$	(24.4	)	$	9.1	$	(10.1	)	$	4

	Interest expense	6.8			—		6.8			—

	Depreciation and amortization	14.2			4.4		23.1			12.8

	Restructuring charges (income)	0.1			6		(1.0		)	30.4

	Non-restructuring stock-based compensation	—			3.2		4			9.8

	LIFO (income) expense	(0.5		)	4.2		(0.8		)	1.9

	Non-restructuring severance charges	—			0.3		2.4			0.9

	Merger and integration expenses	54.8			—		56.9			—

	Other	0.5			—		0.5			—

	Total Adjusted EBITDA	$	51.5		$	27.2	$	81.8		$	59.8

Reconciliation of Assets from Segment to Consolidated	'
	The table below summarizes total assets as of September 30, 2014 and December 31, 2013:


	(in millions)	30-Sep-14			31-Dec-13
	Print	$	1,025.80		$	517.1

	Publishing	207			77.2

	Packaging	802.5			401.7

	Facility Solutions	380.2			201.7

	Corporate & Other	251.2			59.2

	Total assets	$	2,666.70		$	1,256.90

RelatedParty_Transactions_Tabl

Related-Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Parent Company Investment	'
	The components of net transfers (to) from Parent for the three and nine months ended September 30, 2014 and 2013, were as follows:


		Three Months Ended						For the Nine Months
		September 30,						Ended September 30,
	(in millions)	2014			2013			2014			2013
	Intercompany sales and purchases, net	$	—		$	157.7		$	255.4		$	431.6

	Cash pooling and general financing activities	—			(165.7		)	(322.5		)	(503.2		)

	Corporate allocations including income taxes	—			27.6			34.7			65.1

	Net adjustments in conjunction with the Spin-off	(50.2		)	—			(50.2		)	—

	Total net transfers (to) from International Paper	$	(50.2	)	$	19.6		$	(82.6	)	$	(6.5	)

Restatement_of_Previously_Issu1

Restatement of Previously Issued Financial Statements (Tables)	9 Months Ended
	Sep. 30, 2014
Accounting Changes and Error Corrections [Abstract]	'
Schedule of Error Corrections and Prior Period Adjustments	'
	The following are previously reported and restated balances of affected line items in the Condensed Combined Balance Sheets as of December 31, 2013 and Condensed Combined Statements of Cash Flows for the nine months ended September 30, 2013.

	Condensed Combined Balance Sheets


		As of December 31, 2013
	(in millions)	As			Adjustments			As
		Reported						Restated
	Deferred income tax assets	$	55.3		$	(55.3	)	$	—

	Total current assets	1,137.30			(55.3		)	1,082.00

	Total assets	1,312.20			(55.3		)	1,256.90

	Deferred income tax liabilities	—			13.5			13.5

	Total current liabilities	451.3			13.5			464.8

	Total liabilities	463.8			13.5			477.3

	Parent company investment	853.1			(68.8		)	784.3

	Total equity	848.4			(68.8		)	779.6

	Total liabilities and equity	1,312.20			(55.3		)	1,256.90


	Condensed Combined Statements of Cash Flows


		Nine Months Ended September 30, 2013
	(in millions)	As			Adjustments			As
		Reported						Restated
	Deferred income tax provision	$	4.2		$	(0.7	)	$	3.5

	Cash provided by operating activities - continuing operations	12.7			(0.7		)	12

	Cash provided by operating activities	12.6			(0.7		)	11.9


	Net transfers to Parent	(17.6		)	0.7			(16.9		)

	Cash used for financing activities - continuing operations	(26.7		)	0.7			(26.0		)

	Cash used for financing activities	(28.6		)	0.7			(27.9		)

Description_of_Business_and_Ba2

Description of Business and Basis of Presentation - Narrative (Details) (USD $)

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Jul. 01, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Jun. 30, 2014

Jul. 01, 2014

Sep. 30, 2014

Jul. 01, 2014

Nov. 14, 2014

Jul. 01, 2014

Distribution_Center

UWW Holdings, Inc. XPEDX Merger

International Paper

Veritiv

Common Stock

International Paper Shareholders

UWW Holdings, LLC

Selling, General and Administrative Expenses

Distribution_Center

UWW Holdings, LLC

Subsequent Event

Common Stock

UWW Holdings, Inc. XPEDX Merger

Merger and Integration Expense

Business Acquisition [Line Items]

Number of distribution centers

170

Conversion of parent company investment in connection with Spin-off (in shares)

8,200,000

8,160,000

Payment of Special Payment During Spinoff

$400,000,000

Payment of cash during spinoff

404,200,000

Working capital adjustment

15,300,000

30,700,000

Transaction expense related adjustment

19,500,000

4,700,000

Spinoff potential earnout payment

100,000,000

Spinoff, contingent consideration liability, aggregate EBITDA target

759,000,000

Business acquisition, equity issued, number of shares

7,840,000

Merger utilization of operating losses, percentage of tax savings payable to affiliate

85.00%

Cash payment associated with customary working capital and net indebtedness adjustments

33,900,000

Equity method investment, ownership percentage

49.00%

Shareholder ownership percentage

51.00%

General corporate expenses

$8,000,000

$20,600,000

$25,500,000

$60,400,000

Merger_with_Unisource_Narrativ

Merger with Unisource - Narrative (Details) (USD $)	3 Months Ended		9 Months Ended			0 Months Ended	3 Months Ended	9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Jul. 01, 2014	Sep. 30, 2014	Sep. 30, 2014	Jul. 01, 2014
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	UWW Holdings, Inc. XPEDX Merger	UWW Holdings, Inc. XPEDX Merger	UWW Holdings, Inc. XPEDX Merger	UWW Holdings, Inc. XPEDX Merger
Business Acquisition [Line Items]	'	'	'	'	'	'	'	'	'
Merger and integration expenses	$54.80	$0	$56.90	$0	'	'	$54.80	$56.90	'
Preliminary estimated purchase price	'	'	'	'	'	379.5	'	'	'
Goodwill	55.1	'	55.1	'	26.4	'	'	'	28.7
Business acquisition, equity issued, number of shares	'	'	'	'	'	7,840,000	'	'	'
Revenue of acquiree since acquisition date, actual	'	'	'	'	'	'	1,021.80	'	'
Earnings or loss of acquiree since acquisition date, actual	'	'	'	'	'	'	$3	'	'

Merger_with_Unisource_Assets_A

Merger with Unisource - Assets Acquired and Liabilites Assumed (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Jul. 01, 2014	Jul. 01, 2014
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	UWW Holdings, Inc. XPEDX Merger	UWW Holdings, Inc. XPEDX Merger
Preliminary estimated purchase price:	'	'	'	'
Fair value of Veritiv shares transferred	'	'	$284.70	'
Cash payment associated with customary working capital and net indebtedness adjustments	'	'	33.9	'
Fair value of contingent liability associated with the Tax Receivable Agreement	'	'	60.9	'
Total preliminary estimated purchase price	'	'	379.5	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]	'	'	'	'
Cash	'	'	'	70.9
Accounts receivable	'	'	'	448.4
Inventories	'	'	'	351.9
Deferred income tax assets	'	'	'	79.8
Property and equipment	'	'	'	301.2
Goodwill	55.1	26.4	'	28.7
Other intangible assets	'	'	'	29.9
Other current and non-current assets (including below market leasehold agreements)	'	'	'	61.7
Accounts payable	'	'	'	-263.8
Long-term debt (including equipment capital leases)	'	'	'	-333.2
Financing obligations to related party	'	'	'	-238.2
Defined benefit pension obligations	'	'	'	-31
Other current and non-current liabilities (including above market leasehold agreements)	'	'	'	-126.8
Total purchase price	'	'	'	$379.50

Merger_with_Unisource_Intangib

Merger with Unisource - Intangible Assets Acquired (Details) (USD $)

9 Months Ended

0 Months Ended

In Millions, unless otherwise specified

Sep. 30, 2014

Jul. 01, 2014

Non-compete agreements

Minimum

Maximum

UWW Holdings, Inc. XPEDX Merger

Customer relationships

Trademarks/Trade names

Customer relationships

Trademarks/Trade names

Customer relationships

Trademarks/Trade names

Non-compete agreements

Minimum

Maximum

Customer relationships

Trademarks/Trade names

Customer relationships

Trademarks/Trade names

Acquired Finite-Lived Intangible Assets [Line Items]

Estimated Useful Lives (in years)

'1 year

'12 years

'11 years

'1 year

'10 years

'1 year

'12 years

'5 years

Value (in millions)

$29.90

$23.10

$3.90

$2.90

Merger_with_Unisource_Pro_Form

Merger with Unisource - Pro Forma (Details) (USD $)	3 Months Ended				9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Business Acquisition, Pro Forma Information [Abstract]	'		'		'		'
Earnings (loss) per share - diluted (in dollars per share)	'		$15.29		'		$11.83
UWW Holdings, Inc. XPEDX Merger	'		'		'		'
Business Acquisition, Pro Forma Information [Abstract]	'		'		'		'
Net sales (in US dollars)	$2,390.30		$2,471.80		$6,934.20		$7,246.80
Net income (loss) (in US dollars)	21.2	[1]	244.7	[1]	22.8	[1]	189.2	[1]
Earnings (loss) per share - basic (in dollars per share)	$1.33		$15.29		$1.43		$11.83
Earnings (loss) per share - diluted (in dollars per share)	$1.33		'		$1.43		'
Weighted-average shares outstanding - basic and diluted (in shares)	16,000,000		16,000,000		16,000,000		16,000,000
Pro forma adjustments, effective income tax rate	39.00%		'		39.00%		'
UWW Holdings, Inc. XPEDX Merger \| Valuation Allowance Adjustment	'		'		'		'
Business Acquisition, Pro Forma Information [Abstract]	'		'		'		'
Net income (loss) (in US dollars)	'		-238.7		'		-238.7
UWW Holdings, Inc. XPEDX Merger \| Acquisition-related Costs	'		'		'		'
Business Acquisition, Pro Forma Information [Abstract]	'		'		'		'
Net income (loss) (in US dollars)	54.8	[1]	3.8	[1]	56.9	[1]	-76.3	[1]
UWW Holdings, Inc. XPEDX Merger \| Fair Value Adjustment to Property, Plant and Equipment and Intangible Assets	'		'		'		'
Business Acquisition, Pro Forma Information [Abstract]	'		'		'		'
Net income (loss) (in US dollars)	'		($3.20)		($5.20)		($9.80)

[1]	Unisource's historical results for the three and nine months ended September 30, 2013 include the reversal of a $238.7 million valuation allowance against its U.S. federal and a substantial portion of its state net deferred tax assets.

Restructuring_Charges_Restruct

Restructuring Charges - Restructuring Liability (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges (income)	$0.10	$6	($1)	$30.40
xpedx Restructuring Plan	'	'	'	'
Restructuring Cost and Reserve [Line Items]	'	'	'	'
Restructuring charges (income)	'	6	-1.1	30.4
Restructuring Reserve [Roll Forward]	'	'	'	'
Restructuring reserve	'	'	7.7	'
Restructuring charges	'	'	0.1	'
Payments	'	'	-3.9	'
Adjustment of prior year's estimate	'	'	-0.3	'
Liability transferred to Parent in connection with Spin-off	'	'	-3.6	'
Restructuring reserve	$0	'	$0	'

Discontinued_Operations_Result

Discontinued Operations - Results of Discontinued Operations (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]	'	'	'	'
Loss from operations	$0	($0.10)	($0.10)	($0.30)
Restructuring and disposal income	0	0	0	0.3
Loss from discontinued operations	$0	($0.10)	($0.10)	$0

Earnings_Per_Share_Narrative_D

Earnings Per Share - Narrative (Details)	3 Months Ended		9 Months Ended			0 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Jul. 01, 2014	Jul. 01, 2014
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Jul. 01, 2014	UWW Holdings, Inc. XPEDX Merger
Business Acquisition [Line Items]	'	'	'	'	'	'
Equity based awards outstanding (in shares)	0	'	0	'	'	'
Dilutive shares issued (in shares)	0	'	0	'	'	'
Dilutive shares granted (in shares)	0	'	0	'	'	'
Dilutive share impact (in shares)	0	'	0	'	'	'
Common stock, shares issued (in Shares)	16,000,000	'	16,000,000	'	16,000,000	'
Common stock shares outstanding (in shares)	16,000,000	'	16,000,000	'	16,000,000	'
Weighted-average shares outstanding - basic and diluted (in shares)	16,000,000	8,160,000	10,773,333	8,160,000	'	'
Business acquisition, equity issued, number of shares	'	'	'	'	'	7,840,000

Earnings_Per_Share_Schedule_of

Earnings Per Share - Schedule of Earnings Per Share Basic and Diluated (Details) (USD $)	3 Months Ended		6 Months Ended	9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'	'
Income (loss) from continuing operations	($14)	$5.20	'	($5.50)	$2
Loss from discontinued operations, net of income taxes	0	-0.1	'	-0.1	0
Net income (loss)	($14)	$5.10	$8.40	($5.60)	$2
Weighted-average shares outstanding - basic and diluted (in shares)	16,000,000	8,160,000	'	10,773,333	8,160,000
Earnings (loss) per share: Basic and Diluted	'	'	'	'	'
Continuing operations (in dollars per share)	($0.88)	$0.64	'	($0.51)	$0.25
Discontinued operations (in dollars per share)	$0	($0.01)	'	($0.01)	$0
Basic and diluted earnings (loss) per share (in dollars per share)	($0.88)	$0.63	'	($0.52)	$0.25

Goodwill_and_Other_Intangible_2

Goodwill and Other Intangible Assets - Goodwill Roll-Forward (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014
Goodwill [Roll Forward]	'
Balance at December 31, 2013	$26.40
Additions to goodwill	28.7
Balance at September 30, 2014	55.1
Operating Segments \| Print	'
Goodwill [Roll Forward]	'
Balance at December 31, 2013	0
Additions to goodwill	0
Balance at September 30, 2014	0
Operating Segments \| Publishing	'
Goodwill [Roll Forward]	'
Balance at December 31, 2013	0
Additions to goodwill	0
Balance at September 30, 2014	0
Operating Segments \| Packaging	'
Goodwill [Roll Forward]	'
Balance at December 31, 2013	26.4
Additions to goodwill	22.7
Balance at September 30, 2014	49.1
Operating Segments \| Facility Solutions	'
Goodwill [Roll Forward]	'
Balance at December 31, 2013	0
Additions to goodwill	1.9
Balance at September 30, 2014	1.9
Corporate and Other	'
Goodwill [Roll Forward]	'
Balance at December 31, 2013	0
Additions to goodwill	4.1
Balance at September 30, 2014	$4.10

Goodwill_and_Other_Intangible_3

Goodwill and Other Intangible Assets - Other Intagible Assets (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets, Net [Abstract]	'	'
Gross Carrying Amount	$60.80	$30.90
Accumulated Amortization	24.3	21.6
Net	36.5	9.3
Customer relationships	'	'
Finite-Lived Intangible Assets, Net [Abstract]	'	'
Gross Carrying Amount	53.8	30.7
Accumulated Amortization	23	21.5
Net	30.8	9.2
Customer relationships \| Minimum	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Estimated Useful Lives (in years)	'1 year	'
Customer relationships \| Maximum	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Estimated Useful Lives (in years)	'12 years	'
Trademarks/Trade names	'	'
Finite-Lived Intangible Assets, Net [Abstract]	'	'
Gross Carrying Amount	4.1	0.2
Accumulated Amortization	0.6	0.1
Net	3.5	0.1
Trademarks/Trade names \| Minimum	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Estimated Useful Lives (in years)	'1 year	'
Trademarks/Trade names \| Maximum	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Estimated Useful Lives (in years)	'11 years	'
Non-compete agreements	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Estimated Useful Lives (in years)	'1 year	'
Finite-Lived Intangible Assets, Net [Abstract]	'	'
Gross Carrying Amount	2.9	0
Accumulated Amortization	0.7	0
Net	$2.20	$0

Goodwill_and_Other_Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets - Future Amortization (Details) (USD $)	Sep. 30, 2014
In Millions, unless otherwise specified	Sep. 30, 2014
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]	'
2014	$2.10	[1]
2015	6.2
2016	4.1
2017	4.1
2018	$4.10

[1]	Reflects remaining three months of 2014.

Goodwill_and_Other_Intangible_5

Goodwill and Other Intangible Assets - Narrative (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Goodwill [Line Items]	'	'	'	'
Amortization of intangible assets	$2.10	$0.40	$2.70	$1.10

Fair_Value_Measurements_Detail

Fair Value Measurements (Details)	9 Months Ended
Fair Value Measurements (Details)	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair value inputs, discount rate	4.80%

Supplementary_Financial_Statem2

Supplementary Financial Statement Information - Narrative (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Allowance for doubtful accounts	$35.40	$22.70
Inventory, Net [Abstract]	'	'
Percentage of LIFO inventory	86.00%	97.00%
Excess of replacement or current costs over stated LIFO value	74	76.6
Allowance for Trade Receivables	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Allowance for doubtful accounts	28.4	22.5
Allowance for Sales Returns	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Allowance for doubtful accounts	$7	$0.20

Supplementary_Financial_Statem3

Supplementary Financial Statement Information - Other Current Assets (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'	'
Rebates receivable	$50.80	$18.40
Prepaid expenses	32	5.6
Other	19.8	2.3
Other current assets	$102.60	$26.30

Supplementary_Financial_Statem4

Supplementary Financial Statement Information - Property and Equipment, Net (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]	'	'
Less: Accumulated depreciation	($211.20)	($198.60)
Property and equipment, net	379.2	107.1
Land, buildings and improvements	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	132	143.8
Machinery and equipment	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	109.9	72.5
Equipment capital leases and assets related to financing obligations with related party	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	229.3	0
Internally developed software	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	104.3	84.5
Other	'	'
Property, Plant and Equipment [Line Items]	'	'
Property and equipment, gross	$14.90	$4.90

Supplementary_Financial_Statem5

Supplementary Financial Statement Information - Other Non-Current Assets (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Other Non-Current Assets:	'	'
Deferred financing costs	$21.20	$0
Investments in real estate joint ventures	5.7	0
Below market leasehold agreements	6.2	0
Other	13.1	9.4
Other non-current assets	$46.20	$9.40

Supplementary_Financial_Statem6

Supplementary Financial Statement Information - Accrued Payroll and Benefits (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Accrued Payroll and Benefits:	'	'
Accrued payroll and related taxes	$32.70	$11.20
Accrued commissions	36.6	25.9
Other	39.7	17.8
Accrued payroll and benefits	$109	$54.90

Supplementary_Financial_Statem7

Supplementary Financial Statement Information - Other Accrued Liabilities (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Other Accrued Liabilities:	'	'
Accrued taxes	$15.50	$6.40
Accrued customer incentives	22.6	12.8
Accrued freight	9.7	2.4
Accrued professional fees	5.2	0
Customer deposits	4.4	0
Accrued interest	2.3	0
Other	34.6	14.9
Other accrued liabilities	$94.30	$36.50

Supplementary_Financial_Statem8

Supplementary Financial Statement Information - Other Non-Current Liabilities (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Other Non-Current Liabilities:	'	'
Contingent liability associated with Tax Receivable Agreement	$60.90	$0
Deferred compensation	24.5	0
Above market leasehold agreements	7.5	0
Asset retirement obligations	6.5	0
Other	13.6	12.5
Other non-current liabilities	$113	$12.50

Income_Taxes_Provision_for_Inc

Income Taxes - Provision for Income Tax (Benefit) Expense (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'	'	'	'
Income (loss) from continuing operations before income taxes	($24.40)	$9.10	($10.10)	$4
Income tax (benefit) expense	($10.40)	$3.90	($4.60)	$2
Effective income tax rate	42.60%	42.90%	45.50%	50.00%

Income_Taxes_Narrative_Details

Income Taxes - Narrative (Details) (USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'	'	'
Federal statutory income rate, percent	35.00%	35.00%	'
Deferred tax assets, valuation allowance	$40.80	$40.80	'
Unrecognized tax benefits	1.6	1.6	0.6
Expected decrease in unrecognized tax benefits in the next 12 months	$0.60	$0.60	'

Debt_LongTerm_Debt_Obligations

Debt - Long-Term Debt Obligations (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013
Debt Instrument [Line Items]	'		'
Equipment capital lease obligations	$9.70		'
Less: current portion of long-term debt	-3.3		0
Long-term debt, net	803.3		0
Canadian Bank	'		'
Debt Instrument [Line Items]	'		'
Bank overdrafts	22.8		'
Line of Credit \| Asset-Backed Lending Facility	'		'
Debt Instrument [Line Items]	'		'
ABL Facility	$796.90	[1]	'

[1]	Includes $22.8 million of Canadian bank overdrafts as of SeptemberB 30, 2014.

Debt_Narrative_Details

Debt - Narrative (Details) (USD $)

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Jul. 01, 2014

Sep. 30, 2014

Jul. 01, 2014

Mar. 15, 2011

Capital Lease Obligations

Asset-Backed Lending Facility

Senior Credit Facility

Minimum

Maximum

Line of Credit

Revolving Credit Facility

First-In, Last-Out Facility

Line of Credit, Senior Facility

Subfacility

Interest Expense

Maximum

U.S. Borrowers Line of Credit

Canadian Borrower Line of Credit

U.S. Borrowers Line of Credit

Canadian Borrower Line of Credit

Line of Credit Facility [Line Items]

Maximum borrowing capacity

$1,400,000,000

$1,180,000,000

$140,000,000

$70,000,000

$10,000,000

$600,000,000

Number of sub-facilities

Minimum fixed charge coverage ratio

100.00%

Minimum fixed charge coverage ratio, borrowing base

90,000,000

Minimum fixed charge coverage ratio, lessor of borrowing base and total effective commitments, percent

10.00%

Minimum fixed charge coverage ratio, consecutive days in excess of facility threshold

'20 days

Remaining borrowing capacity

509,100,000

Amortization of deferred financing fees

1,100,000

Line of credit outstanding

$323,800,000

Debt Instrument, Term

'3 years

'8 years

EquityBased_Incentive_Plans_Na

Equity-Based Incentive Plans - Narrative (Details) (Omnibus Incentive Plan)	Sep. 30, 2014
Omnibus Incentive Plan	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Number of shares authorized	2,080,000
Awards granted	0

EquityBased_Incentive_Plans_St

Equity-Based Incentive Plans - Stock Based Compensation Expense (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'	'	'	'
Total stock-based compensation expense	$0	$4	$4.30	$11.80
Income tax benefit related to stock-based compensation	$0	$3.80	$1.30	$4.70

Employee_Benefit_Plans_Pension

Employee Benefit Plans - Pension Plans (Details) (USD $)	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 29, 2013	Sep. 30, 2014	Dec. 31, 2010
		plan		U.S. Defined Benefit Pension PLan	Registered Pension Plans	Registered Pension Plans
					plan	agreement
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]	'	'	'	'	'	'
Number of active defined benefit plans	'	0	'	'	'	'
Net pension and other post-employment benefit expense	$1.50	$8	$9.10	'	'	'
Percentage of vested terminated pension participants taking lump sum payments	'	'	'	10.00%	'	'
Number of nonunion benefit plans	'	'	'	'	1	'
Number of union benefit plans	'	'	'	'	2	'
Number of collective bargaining agreements freezing benefit plans	'	'	'	'	'	2

Employee_Benefit_Plans_Net_Ben

Employee Benefit Plans - Net Benefit Costs (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]	'
Service cost	$0.40
Interest cost	1.8
Expected return on plan assets	-2.5
Net periodic pension credit	($0.30)

Employee_Benefit_Plans_Multiem

Employee Benefit Plans - Multiemployer Plans (Details) (US employee collective bargaining agreement, Multiemployer plans, pension, USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
US employee collective bargaining agreement \| Multiemployer plans, pension	'	'	'	'
Multiemployer Plans [Line Items]	'	'	'	'
Multiemployer plan contributions	$1.10	$0.80	$2.30	$1.90

Shareholders_Equity_Narrative_

Shareholders' Equity - Narrative (Details) (USD $)	Sep. 30, 2014	Jul. 01, 2014	Sep. 30, 2014	Jul. 01, 2014	Jul. 01, 2014
			Common Stock	International Paper Shareholders	UWW Holdings, Inc. XPEDX Merger
				Common Stock
Class of Stock [Line Items]	'	'	'	'	'
Common stock, shares authorized (in Shares)	100,000,000	'	'	'	'
Common stock par value (in Dollars per share)	$0.01	'	'	'	'
Preferred stock, shares authorized (in Shares)	10,000,000	'	'	'	'
Preferred stock par value (in Dollars per share)	$0.01	'	'	'	'
Conversion of parent company investment in connection with Spin-off (in shares)	'	'	8,200,000	8,160,000	'
Business acquisition, equity issued, number of shares	'	'	'	'	7,840,000
Common stock, shares issued (in Shares)	16,000,000	16,000,000	'	'	'
Common stock votes per share owned (in votes per share)	1	'	'	'	'
Common stock shares outstanding (in shares)	16,000,000	16,000,000	'	'	'
Preferred stock, shares outstanding (in shares)	0	'	'	'	'
Preferred stock, shares issued (in Shares)	0	'	'	'	'

Commitments_and_Contingencies_2

Commitments and Contingencies Disclosure - Narrative (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	state
Loss Contingencies [Line Items]	'	'	'	'	'
Product warranty accrual	$0	'	$0	'	$0
Operating leases, rent expense	23,500,000	12,000,000	48,600,000	35,700,000	'
Amortization of above and below market leases	$300,000	'	'	'	'
Additional states joining escheat audit	'	'	'	'	7
Minimum	'	'	'	'	'
Loss Contingencies [Line Items]	'	'	'	'	'
Escheat audit period	'	'	'	'	'2 years
Maximum	'	'	'	'	'
Loss Contingencies [Line Items]	'	'	'	'	'
Escheat audit period	'	'	'	'	'4 years

Commitments_and_Contingencies_3

Commitments and Contingencies Disclosure - Future Minimum Commitments for Operating Leases (Details) (USD $)	Sep. 30, 2014
In Millions, unless otherwise specified	Sep. 30, 2014
Lease obligations	'
2014	$23.60	[1]
2015	79.5
2016	66.2
2017	55.2
2018	46.2
Thereafter	95.1
Sublease income	'
2014	-0.1	[1]
2015	-0.3
2016	-0.2
2017	-0.1
2018	-0.1
Thereafter	0
Total	'
2014	23.5	[1]
2015	79.2
2016	66
2017	55.1
2018	46.1
Thereafter	$95.10

[1]	Reflects remaining three months of 2014.

Commitments_and_Contingencies_4

Commitments and Contingencies Disclosure - Future Net Amortization Expense (Details) (USD $)	Sep. 30, 2014
In Millions, unless otherwise specified	Sep. 30, 2014
Above market agreements	'
2014	($0.50)	[1]
2015	-1.9
2016	-1.5
2017	-1.2
2018	-1
Thereafter	-1.4
Below market agreements	'
2014	0.2	[1]
2015	0.6
2016	0.5
2017	0.4
2018	0.4
Thereafter	4.1
Net amortization expense (accretion)	'
2014	-0.3	[1]
2015	-1.3
2016	-1
2017	-0.8
2018	-0.6
Thereafter	$2.70

[1]	Reflects remaining three months of 2014.

Segment_Information_Net_Sales_

Segment Information - Net Sales by Reportable Segment (Details) (USD $)	3 Months Ended		6 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2013
	segment	Sep. 30, 2013	segment	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting Information [Line Items]	'	'	'	'	'
Number of reportable segments	4	'	3	'	'
Segment split number of segments	2	'	'	'	'
Net sales	$2,390.30	$1,442.80	'	$5,026.70	$4,234.10
Adjusted EBITDA	51.5	27.2	'	81.8	59.8
Depreciation and amortization	14.2	4.4	'	23.1	12.8
Restructuring charges (income)	0.1	6	'	-1	30.4
Operating Segments \| Print	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net sales	947.2	613.2	'	2,038.30	1,812.50
Adjusted EBITDA	20.5	14.8	'	38.1	35.7
Depreciation and amortization	3.7	1	'	6.1	3.3
Restructuring charges (income)	0	2.5	'	-0.4	12.9
Operating Segments \| Publishing	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net sales	338.2	215	'	715.4	596.8
Adjusted EBITDA	9.2	5	'	16.6	12
Depreciation and amortization	0.5	0.1	'	0.6	0.2
Restructuring charges (income)	0	0	'	0	1.1
Operating Segments \| Packaging	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net sales	725	404.5	'	1,529.50	1,189.40
Adjusted EBITDA	53	32.1	'	104.4	91.4
Depreciation and amortization	4.2	0.7	'	5.9	2.2
Restructuring charges (income)	0	1.8	'	-0.2	9
Operating Segments \| Facility Solutions	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net sales	357	210.1	'	720.6	635.4
Adjusted EBITDA	15.5	5.3	'	18.4	10.3
Depreciation and amortization	1.8	0.4	'	2.6	1.2
Restructuring charges (income)	0	1.1	'	-0.5	5.7
Corporate and Other	'	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'	'
Net sales	22.9	0	'	22.9	0
Adjusted EBITDA	-46.7	-30	'	-95.7	-89.6
Depreciation and amortization	4	2.2	'	7.9	5.9
Restructuring charges (income)	$0.10	$0.60	'	$0.10	$1.70

Segment_Information_Operating_

Segment Information - Operating Profit by Reportable Segment (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Segment Reporting [Abstract]	'	'	'	'
Income (loss) from continuing operations before income taxes	($24.40)	$9.10	($10.10)	$4
Interest expense, net	6.8	0	6.8	0
Depreciation and amortization	14.2	4.4	23.1	12.8
Restructuring charges (income)	0.1	6	-1	30.4
Non-restructuring stock-based compensation	0	3.2	4	9.8
LIFO (income) expense	-0.5	4.2	-0.8	1.9
Non-restructuring severance charges	0	0.3	2.4	0.9
Merger and integration expenses	54.8	0	56.9	0
Other	0.5	0	0.5	0
Adjusted EBITDA	$51.50	$27.20	$81.80	$59.80

Segment_Information_Assets_by_

Segment Information - Assets by Reportable Segment (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]	'	'
Total assets	$2,666.70	$1,256.90
Operating Segments \| Print	'	'
Segment Reporting Information [Line Items]	'	'
Total assets	1,025.80	517.1
Operating Segments \| Publishing	'	'
Segment Reporting Information [Line Items]	'	'
Total assets	207	77.2
Operating Segments \| Packaging	'	'
Segment Reporting Information [Line Items]	'	'
Total assets	802.5	401.7
Operating Segments \| Facility Solutions	'	'
Segment Reporting Information [Line Items]	'	'
Total assets	380.2	201.7
Corporate and Other	'	'
Segment Reporting Information [Line Items]	'	'
Total assets	$251.20	$59.20

RelatedParty_Transactions_Pare

Related-Party Transactions Parent Company Investment (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Parent Company Investment [Line Items]	'	'	'	'
Total net transfers (to) from International Paper	'	'	($82.60)	'
Parent Company Investment	'	'	'	'
Parent Company Investment [Line Items]	'	'	'	'
Intercompany sales and purchases, net	0	157.7	255.4	431.6
Cash pooling and general financing activities	0	-165.7	-322.5	-503.2
Corporate allocations including income taxes	0	27.6	34.7	65.1
Net adjustments in conjunction with the Spin-off	-50.2	0	-50.2	0
Total net transfers (to) from International Paper	($50.20)	$19.60	($82.60)	($6.50)

RelatedParty_Transactions_Narr

Related-Party Transactions Narrative (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

In Millions, except Share data, unless otherwise specified

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Jul. 01, 2014

Sep. 30, 2014

Nov. 27, 2002

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Jun. 30, 2014

Sep. 30, 2014

Jul. 01, 2014

UWW Holdings, LLC

Georgia-Pacific

International Paper

CEO of Merged Company [Member]

UWW Holdings, Inc. XPEDX Merger

Demand_Registration

LIBOR

Unisource

Sales

Cost of products sold

UWW Holdings Inc

Sales

Cost of products sold

Selling, General and Administrative Expenses

Merger and Integration Expense

Property

Other International Paper Businesses

Related Party Transaction [Line Items]

Business acquisition, equity issued, number of shares

7,840,000

Registration rights agreement, period demand rights commence following distribution date

'180 days

Registration rights agreement, maximum demand registration in 150 day period

Registration rights agreement, maximum demand registration in 365 day period

Registration rights agreement, material transaction, period allowed to delay registration in 360 day period

'120 days

Merger utilization of operating losses, percentage of tax savings payable to affiliate

85.00%

Tax receivable agreement, basis spread on variable rate

1.00%

Purchases from related party

$62.70

$158.60

$276.50

$465.60

Related party sales

9.2

12.8

33.5

40.3

9.2

12.8

24.3

40.3

Related party payable

14.9

2.6

14.9

2.6

Related party receivable

3.4

10.1

3.4

10.1

Inventories

697.6

360.9

48.5

General corporate expenses

20.6

25.5

60.4

Percentage of voting interest sold

60.00%

Number of properties transferred to related party

Number of properties transferred to related party and subsequently sold to unrelated third party

Sublease agreements, number of properties

Financing obligation at end of lease term

174

Number of properties transferred to related party not sold

Net adjustments related to spin-off, tangible assets

24.3

Net adjustments of intercompany settlements

24.6

Related party transaction

Severance costs

$5.40

Restatement_of_Previously_Issu2

Restatement of Previously Issued Financial Statements - Balance Sheet (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Deferred income tax assets	'	$0
Total current assets	2,027.40	1,082
Total assets	2,666.70	1,256.90
Deferred income tax liabilities	31.1	13.5
Total current liabilities	935.6	464.8
Total liabilities	2,098.70	477.3
Parent company investment, prior to Spin-off	'	784.3
Total equity	568	779.6
Total liabilities and equity	2,666.70	1,256.90
Adjustments	'	'
Deferred income tax assets	'	-55.3
Total current assets	'	-55.3
Total assets	'	-55.3
Deferred income tax liabilities	'	13.5
Total current liabilities	'	13.5
Total liabilities	'	13.5
Parent company investment, prior to Spin-off	'	-68.8
Total equity	'	-68.8
Total liabilities and equity	'	-55.3
As Reported	'	'
Deferred income tax assets	'	55.3
Total current assets	'	1,137.30
Total assets	'	1,312.20
Deferred income tax liabilities	'	0
Total current liabilities	'	451.3
Total liabilities	'	463.8
Parent company investment, prior to Spin-off	'	853.1
Total equity	'	848.4
Total liabilities and equity	'	$1,312.20

Restatement_of_Previously_Issu3

Restatement of Previously Issued Financial Statements - Cash Flow Statement (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Deferred income tax provision	($9.30)	$3.50
Cash provided by operating activities - continuing operations	29.6	12
Cash provided by operating activities	28.5	11.9
Net cash transfers to Parent	-61.5	-16.9
Cash used for financing activities - continuing operations	-11.9	-26
Cash used for financing activities	-10.8	-27.9
Adjustments	'	'
Deferred income tax provision	'	-0.7
Cash provided by operating activities - continuing operations	'	-0.7
Cash provided by operating activities	'	-0.7
Net cash transfers to Parent	'	0.7
Cash used for financing activities - continuing operations	'	0.7
Cash used for financing activities	'	0.7
As Reported	'	'
Deferred income tax provision	'	4.2
Cash provided by operating activities - continuing operations	'	12.7
Cash provided by operating activities	'	12.6
Net cash transfers to Parent	'	-17.6
Cash used for financing activities - continuing operations	'	-26.7
Cash used for financing activities	'	($28.60)