Donnelley Financial Solutions (DFIN) 10-Q 2 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 27, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Trading Symbol	DFIN
Entity Registrant Name	Donnelley Financial Solutions, Inc.
Entity Central Index Key	1,669,811
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		34,000,000

Condensed Consolidated and Comb

Condensed Consolidated and Combined Statements of Operations (UNAUDITED) - USD ($) shares in Millions, $ in Millions		3 Months Ended			6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017		Jun. 30, 2018	Jun. 30, 2017
Total net sales		$ 290.6	$ 290.2		$ 545.8	$ 557.5
Services cost of sales (exclusive of depreciation and amortization)		92	80.8		177.9	158.5
Products cost of sales (exclusive of depreciation and amortization)		73.6	68.8		146.3	131.8
Total cost of sales		165.6	172.7		324.2	342.1
Selling, general and administrative expenses (exclusive of depreciation and amortization)		75.1	61.4		141.2	118.9
Restructuring, impairment and other charges-net		2.6	3.2		3.3	7
Depreciation and amortization		11.1	10.9		21.5	21.1
Income from operations		36.2	42		55.6	68.4
Interest expense-net		9.8	11		18.8	22.1
Investment and other income-net		(0.8)	(0.9)		(1.6)	(1.7)
Earnings before income taxes		27.2	31.9		38.4	48
Income tax expense		8.3	13.1		11.8	19.9
Net earnings		$ 18.9	$ 18.8		$ 26.6	$ 28.1
Net earnings per share (Note 11):
Basic net earnings per share		$ 0.56	$ 0.57		$ 0.79	$ 0.86
Diluted net earnings per share		$ 0.56	$ 0.57		$ 0.78	$ 0.86
Weighted average number of common shares outstanding
Basic		33.8	32.7		33.7	32.6
Diluted		34	32.9		33.9	32.8
Services Net Sales
Total net sales		$ 187.9	$ 177.1		$ 347.4	$ 331.1
Products Net Sales
Total net sales		102.7	113.1		198.4	226.4
R.R. Donnelley Affiliates
Services cost of sales (exclusive of depreciation and amortization)	[1]	0	9.6	[2]	0	19.5	[3]
Products cost of sales (exclusive of depreciation and amortization)	[1]	$ 0	$ 13.5	[2]	$ 0	$ 32.3	[3]
[1]	Beginning in the quarter ended June 30, 2017, LSC Communications (“LSC”) no longer qualified as a related party, therefore the amounts disclosed related to LSC are presented through March 31, 2017 only. Beginning in the quarter ended September 30, 2017, R.R. Donnelley & Sons Company (“RRD”) no longer qualified as a related party, therefore the amounts disclosed related to RRD are presented through June 30, 2017 only.
[2]	Beginning in the quarter ended June 30, 2017, LSC no longer qualified as a related party, therefore the amounts disclosed related to LSC are presented through March 31, 2017 only. Beginning in the quarter ended September 30, 2017, RRD no longer qualified as a related party, therefore the amounts disclosed related to RRD are presented through June 30, 2017 only.
[3]	Beginning in the quarter ended June 30, 2017, LSC no longer qualified as a related party, therefore the amounts disclosed related to LSC are presented through March 31, 2017 only. Beginning in the quarter ended September 30, 2017, RRD no longer qualified as a related party, therefore the amounts disclosed related to RRD are presented through June 30, 2017 only.

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net earnings	$ 18.9	$ 18.8	$ 26.6	$ 28.1
Other comprehensive (loss) income, net of tax:
Translation adjustments	(3.4)	2.3	(2.7)	2.4
Adjustment for net periodic pension and other postretirement benefits plan cost	0.5	0.3	1	0.7
Other comprehensive (loss) income, net of tax	(2.9)	2.6	(1.7)	3.1
Comprehensive income	$ 16	$ 21.4	$ 24.9	$ 31.2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 11.8	$ 52
Receivables, less allowances for doubtful accounts of $8.5 in 2018 (2017 - $7.3)	251.3	165.2
Inventories	16.3	23.3
Prepaid expenses and other current assets	16.4	29.6
Assets held for sale	32.8	0
Total current assets	328.6	270.1
Property, plant and equipment-net	31.6	34.7
Goodwill	437.4	447.4
Other intangible assets-net	32.7	39.9
Software-net	43.2	41.1
Deferred income taxes	19.2	22.2
Other noncurrent assets	36.5	38.1
Total assets	929.2	893.5
LIABILITIES
Accounts payable	77.1	67.8
Accrued liabilities	95.2	119.2
Liabilities held for sale	7.1	0
Total current liabilities	179.4	187
Long-term debt (Note 14)	486.3	458.3
Deferred compensation liabilities	22.1	22.8
Pension and other postretirement benefits plan liabilities	49.3	52.5
Other noncurrent liabilities	11.3	23.5
Total liabilities	748.4	744.1
Commitments and Contingencies (Note 15)
EQUITY
Preferred stock, $0.01 par value Authorized: 1.0 shares; Issued: None	0	0
Common stock, $0.01 par value Authorized: 65.0 shares Issued: 34.1 shares in 2018 (2017 - 33.8 shares)	0.3	0.3
Treasury stock, at cost: 0.1 shares in 2018 (2017 - less than 0.1 shares)	(1.7)	(0.9)
Additional paid-in-capital	212.1	205.7
Retained earnings	36.4	8.9
Accumulated other comprehensive loss	(66.3)	(64.6)
Total equity	180.8	149.4
Total liabilities and equity	$ 929.2	$ 893.5

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Receivables, allowance for doubtful accounts	$ 8.5	$ 7.3
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized	1,000,000	1,000,000
Preferred stock, Issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, Authorized	65,000,000	65,000,000
Common stock, Issued	34,100,000	33,800,000
Treasury stock, Shares	100,000
Maximum
Treasury stock, Shares		100,000

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (UNAUDITED) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
OPERATING ACTIVITIES
Net earnings	$ 26.6	$ 28.1
Adjustments to reconcile net earnings to net cash used in operating activities:
Impairment charges	0	0.2
Depreciation and amortization	21.5	21.1
Provision for doubtful accounts receivable	3.5	3.6
Share-based compensation	5.1	3.5
Deferred income taxes	1.7	(3.2)
Net pension plan income	(1.6)	(1.7)
Other	1.7	1.2
Changes in operating assets and liabilities - net of acquisitions:
Accounts receivable - net	(102.1)	(89.6)
Inventories	(4.8)	(1.9)
Prepaid expenses and other current assets	0.8	(1.3)
Accounts payable	13.3	(2.3)
Income taxes payable and receivable	3.9	8.8
Accrued liabilities and other	(18.3)	(4.4)
Pension and other postretirement benefits plan contributions	(1.5)	(1.5)
Net cash used in operating activities	(50.2)	(39.4)
INVESTING ACTIVITIES
Capital expenditures	(15.6)	(12)
Purchase of investment	0	(3.4)
Other investing activities	0	0.2
Net cash used in investing activities	(15.6)	(15.2)
FINANCING ACTIVITIES
Revolving facility borrowings	206.5	174
Payments on revolving facility borrowings	(179.5)	(169)
Payments on current maturities and long-term debt	0	(68)
Debt issuance costs	0	(1.5)
Separation-related payment from R.R. Donnelley	0	68
Proceeds from the issuance of common stock	1.2	18.8
Net transfers related to the Separation	0	3
Net change in short-term debt	0	1
Treasury share repurchases	(0.8)	0
Net cash provided by financing activities	27.4	26.3
Effect of exchange rate on cash and cash equivalents	(1.8)	0.2
Net decrease in cash and cash equivalents	(40.2)	(28.1)
Cash and cash equivalents at beginning of year	52	36.2
Cash and cash equivalents at end of period	$ 11.8	$ 8.1

Overview and Basis of Presentat

Overview and Basis of Presentation	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Overview and Basis of Presentation	Note 1. Overview and Basis of Presentation Description of Business Donnelley Financial Solutions, Inc. (the Donnelley Financial’s Registration Statement on Form 10, as amended, was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on September 20, 2016. On October 1, 2016, Donnelley Financial became an independent publicly traded company through the distribution by R.R. Donnelley & Sons Company (“RRD”) of approximately 26.2 million shares, or 80.75%, of Donnelley Financial common stock to RRD shareholders (the “Separation”). Holders of RRD common stock received one share of Donnelley Financial common stock for every eight shares of RRD common stock held on September 23, 2016. As part of the Separation, RRD retained approximately 6.2 million shares of Donnelley Financial common stock, or a 19.25% interest in Donnelley Financial. Donnelley Financial’s common stock began regular-way trading under the ticker symbol “DFIN” on the New York Stock Exchange on October 3, 2016. On October 1, 2016, RRD also completed the previously announced separation of LSC Communications, Inc. (“LSC”), its publishing and retail-centric print services and office products business. On March 28, 2017, RRD completed the sale of 6.2 million shares of LSC common stock (RRD’s remaining ownership stake in LSC) in an underwritten public offering. As a result, beginning in the quarter ended June 30, 2017, LSC no longer qualified as a related party of the Company. On March 24, 2017, pursuant to the Stockholder and Registration Rights Agreement, dated as of September 30, 2016, by and between the Company and RRD, the Company filed a Registration Statement on Form S-1 to register the offering and sale of shares of the Company’s common stock retained by RRD. The Registration Statement on Form S-1, as amended, was declared effective by the SEC on June 13, 2017. On June 21, 2017, RRD completed the sale of approximately 6.1 million shares of the Company’s common stock in an underwritten public offering. Upon the consummation of the offering, RRD retained approximately 0.1 million shares of the Company’s common stock which were subsequently sold by RRD on August 4, 2017. In conjunction with the underwritten public offering, the underwriters exercised their option to purchase approximately 0.9 million of the Company’s shares (the “Option Shares”). The Company received approximately $18.8 million in net proceeds from the sale of the Option Shares, after deducting estimated underwriting discounts and commissions. The proceeds were used to reduce outstanding debt under the Revolving Facility (as defined in Note 14, Debt ). Beginning in the quarter ended September 30, 2017, RRD no longer qualified as a related party, therefore amounts disclosed related to RRD are presented through June 30, 2017 only. Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Donnelley Financial and have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in accordance with the rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The financial data presented herein should be read in conjunction with the audited consolidated and combined financial statements and accompanying notes included in the Company’s latest Annual Report on Form 10-K for the year ended December 31, 2017 filed with the SEC on February 28, 2018. In the opinion of management, the financial data presented includes all adjustments necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented. Results of interim periods should not be considered indicative of the results for the full year. These unaudited condensed consolidated interim financial statements include estimates and assumptions of management that affect the amounts reported in the unaudited condensed consolidated financial statements. Actual results could differ from these estimates.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2018
Revenue Recognition [Abstract]
Revenue	Note 2. Revenue Revenue Recognition The Company manages highly-customized data and materials, such as Exchange Act, Securities Act and Investment Company Act filings with the SEC on behalf of our customers, manages virtual data rooms and performs XBRL and related services. Clients are provided with EDGAR filing services, XBRL compliance services and translation, editing, interpreting, proof-reading and multilingual typesetting services, among others. Our software-as-a-service solutions (“SaaS”) include the Venue Virtual Data Room, the FundSuiteArc software platform, ActiveDisclosure and data and analytics, among others. Substantially all of the Company’s revenue is derived from contracts with an initial expected duration of one year or less. Generally, customer payment is due within ten days upon invoicing. Revenue is recognized upon transfer of control of promised services or products to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those services or products. The Company’s arrangements with customers often include promises to transfer multiple services or products to a customer. Determining whether services and products are considered distinct performance obligations that should be accounted for separately requires significant judgment. Certain customer arrangements have multiple performance obligations as certain promises are both capable of being distinct and are distinct within the context of the contract. Other customer arrangements have a single performance obligation as the promise to transfer the individual goods or services is not separately identifiable from other promises in the contracts, and therefore are not distinct. Revenue for the Company’s services and products is recognized either over time or at a point in time, as outlined below. Over time The Company recognizes revenue for certain services over time. • The Company’s SaaS solutions, including the Venue Virtual Data Room, the FundSuiteArc software platform, ActiveDisclosure, data and analytics and others, are generally provided on a subscription basis and allow customers access to use the products over the contract period. As a result, revenue for SaaS solutions are recognized ratably over time as the customer receives the benefit throughout the contract period. The timing of invoicing varies, however the customer may be invoiced before the end of the contract period, resulting in a deferred revenue balance. • Revenue for warehousing services are recognized ratably over time as the customer receives the benefit throughout the storage period. Point in time All remaining revenue arrangements are generally recognized at a point in time and are primarily invoiced upon completion of all services or upon shipment to the customer. • Certain of these arrangements include multiple performance obligations and revenue is recognized upon completion of each performance obligation, such as when a document is filed with a regulatory agency and upon completion of printing the related document. For arrangements with multiple performance obligations, the transaction price is allocated to the separate performance obligations. The Company provides customer specific solutions and as such, observable standalone selling price is rarely available. Standalone selling price is more frequently determined using an estimate of the standalone selling price of each distinct service or product, taking into consideration historical selling price by customer for each distinct service or product. These estimates may vary from the final amounts invoiced to the customer and are adjusted upon completion of all performance obligations. Customers may be invoiced subsequent to the recognition of revenue for completed performance obligations , resulting in contract asset balances. • Revenue for arrangements which include assisting customers in completing regulatory filings for transactions, such as mergers and acquisitions or other public capital market transactions, is recognized upon completion of all promises, including the services performed and printing of the related document, if applicable. • Revenue for arrangements without a regulatory filing generally have a single performance obligation, as the services and products provided are not distinct within the context of the contract, and are recognized upon completion of the services performed or upon completion of printing of the related product . • Warehousing, fulfillment services and shipping and handling are each separate performance obligations. As a result, when the Company provides warehousing and future fulfillment services, revenue for the composition services performed and printing of the product is recognized upon completion of the performance obligation(s), as control of the inventory has transferred to the customer and the inventory is being stored at the customer’s request. Because substantially all of the Company’s products are customized, product returns are not significant; however, the Company accrues for the estimated amount of customer credits at the time of sale. The Company records deferred revenue when amounts are invoiced but the revenue recognition criteria are not yet met. Such revenue is recognized when all criteria are subsequently met. Certain revenues earned by the Company require significant judgment to determine if revenue should be recorded gross, as a principal, or net of related costs, as an agent. Billings for shipping and handling costs as well as certain postage costs, and out-of-pocket expenses are recorded gross. Revenue is not recognized for customer-supplied postage. The Company’s printing operations process paper that may be supplied directly by customers or may be purchased by the Company from third parties and sold to customers. Revenue is not recognized for customer-supplied paper, however revenues for Company-supplied paper are recognized on a gross basis. Revenue is recognized net of any taxes collected from customers, which are subsequently remitted to authorities. Adoption of ASU 2014-09 In May 2014, the FASB issued Accounting Standards Update No. 2014-09 “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”), which outlines a single comprehensive model for entities to use in accounting for revenue using a five-step process that supersedes virtually all existing revenue guidance. ASU 2014-09 also requires additional quantitative and qualitative disclosures. On January 1, 2018, the Company adopted the standard and all related amendments, using the modified retrospective approach applied to contracts that were not completed as of January 1, 2018. The Company recognized the cumulative effect of applying the standard as an opening transition adjustment to retained earnings. The comparative periods have not been restated and continue to be reported under the accounting standards in effect for those periods (“Previous Revenue Standard”). As a result of the adoption of ASU 2014-09, revenue recognition has been accelerated for certain arrangements with multiple performance obligations as revenue is now recognized upon the completion of each performance obligation rather than upon completion of all services and shipment of the related document, if applicable. Revenue has also been accelerated for certain inventory which has been invoiced but not yet shipped at the customer’s request. Additionally, certain revenues related to virtual data room services have been deferred to be recognized over the term of the contract. As substantially all of the Company’s revenue is derived from contracts with an initial expected duration of one year or less, the Company has applied the practical expedient for performance obligations related to contracts with an initial duration of less than one year and is therefore not required to disclose information regarding remaining performance obligations at the end of the reporting period. The Company has also elected the practical expedient to recognize costs to obtain the contract, primarily commissions, as incurred. The cumulative effect of the changes made to the Company’s consolidated January 1, 2018 balance sheet for the adoption of ASU 2014-09 were as follows: Balance at December 31, 2017 Adoption of ASU 2014-09 Balance at January 1, 2018 Assets Receivables, less allowances for doubtful accounts $ 165.2 $ 8.9 $ 174.1 Inventories 23.3 (10.6 ) 12.7 Deferred income taxes 22.2 (0.5 ) 21.7 Total assets 893.5 (2.2 ) 891.3 Liabilities Accrued liabilities 119.2 (3.1 ) 116.1 Equity Retained earnings 8.9 0.9 9.8 Total liabilities and equity $ 893.5 $ (2.2 ) $ 891.3 The impact of the adoption of ASU 2014-09 on the Company’s condensed consolidated statement of operations for the three months and six months ended June 30, 2018 and condensed consolidated balance sheet as of June 30, 2018 was as follows: Three Months Ended June 30, 2018 Previous Revenue Standard Adoption of ASU 2014-09 As Reported Services net sales $ 188.9 $ (1.0 ) $ 187.9 Products net sales 101.6 1.1 102.7 Total net sales 290.5 0.1 290.6 Services cost of sales (exclusive of depreciation and amortization) 92.0 — 92.0 Products costs of sales (exclusive of depreciation and amortization) 70.9 2.7 73.6 Total cost of sales 162.9 2.7 165.6 Selling, general and administrative expenses (exclusive of depreciation and amortization) 75.4 (0.3 ) 75.1 Income tax expense (benefit) 9.0 (0.7 ) 8.3 Net earnings $ 20.5 $ (1.6 ) $ 18.9 Earnings per share Basic 0.61 (0.05 ) 0.56 Diluted 0.61 (0.05 ) 0.56 Six Months Ended June 30, 2018 Previous Revenue Standard Adoption of ASU 2014-09 As Reported Services net sales $ 345.8 $ 1.6 $ 347.4 Products net sales 198.3 0.1 198.4 Total net sales 544.1 1.7 545.8 Services cost of sales (exclusive of depreciation and amortization) 177.5 0.4 177.9 Products costs of sales (exclusive of depreciation and amortization) 145.0 1.3 146.3 Total cost of sales 322.5 1.7 324.2 Selling, general and administrative expenses (exclusive of depreciation and amortization) 141.2 — 141.2 Income tax expense 11.8 — 11.8 Net earnings $ 26.6 $ — $ 26.6 Earnings per share Basic 0.79 — 0.79 Diluted 0.78 — 0.78 June 30, 2018 Previous Revenue Standard Adoption of ASU 2014-09 As Reported Assets Receivables, less allowances for doubtful accounts $ 242.6 8.7 $ 251.3 Inventories 28.4 (12.1 ) 16.3 Deferred income taxes 19.7 (0.5 ) 19.2 Total assets 933.1 (3.9 ) 929.2 Liabilities Accrued liabilities 100.0 (4.8 ) 95.2 Equity Retained earnings 35.5 0.9 36.4 Total liabilities and equity $ 933.1 (3.9 ) $ 929.2 Disaggregation of revenue The following tables disaggregates revenue by reporting unit and timing of revenue recognition for the three and six months ended June 30, 2018: Three Months Ended June 30, 2018 Point in time Over time Total U.S. Capital Markets $ 120.5 $ 24.1 $ 144.6 Investment Markets 73.9 13.4 87.3 Language Solutions and other 10.6 — 10.6 Total U.S. 205.0 37.5 242.5 International 43.3 4.8 48.1 Total net sales $ 248.3 $ 42.3 $ 290.6 Six Months Ended June 30, 2018 Point in time Over time Total U.S. Capital Markets $ 214.0 $ 48.1 $ 262.1 Investment Markets 145.0 26.9 171.9 Language Solutions and other 21.6 — 21.6 Total U.S. 380.6 75.0 455.6 International 81.2 9.0 90.2 Total net sales $ 461.8 $ 84.0 $ 545.8 Contract Balances Contract assets represent revenue recognized for performance obligations completed before an unconditional right to payment exists, and therefore invoicing has not yet occurred. Contract assets were $ 9.0 Contract liabilities consist of deferred revenue and progress billings which are included in accrued liabilities on the condensed consolidated balance sheet. Changes in contract liabilities were as follows: Balance at January 1, 2018 $ 14.2 Deferral of revenue 22.8 Revenue recognized (23.8 ) Reclassified to liabilities held for sale (1.7 ) Balance at June 30, 2018 $ 11.5

Disposition

Disposition	6 Months Ended
	Jun. 30, 2018
Discontinued Operations And Disposal Groups [Abstract]
Disposition	Note 3. Disposition On July 16, 2018, the Company announced that it had entered into a definitive agreement to divest its Language Solutions business, which helps companies adapt their business content into different languages for specific countries, markets and regions, for $77.5 million in cash. The transaction subsequently closed on July 22, 2018. Language Solutions' operating results are included within the Language Solutions and Other reporting unit within the U.S. segment as well as the International segment. As of June 30, 2018, the net assets and liabilities expected to be included in the divestiture were classified as held for sale. The assets held for sale are presented in current assets held for sale in the condensed consolidated balance sheet and the liabilities held for sale are presented in current liabilities held for sale in the condensed consolidated balance sheet. The following table presents the aggregate carrying amount of the major classes of assets and liabilities related to the assets and liabilities held for sale as of June 30, 2018: Assets Receivables, less allowances for doubtful accounts $ 20.2 Inventories 1.0 Prepaid expenses and other current assets 0.2 Property, plant and equipment-net 0.7 Goodwill 9.3 Other noncurrent assets 1.4 Total assets $ 32.8 Liabilities Accounts payable $ 2.8 Accrued liabilities 4.0 Other noncurrent liabilities 0.3 Total liabilities $ 7.1

Inventories

Inventories	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Inventories	Note 4. Inventories The components of the Company’s inventories, net of excess and obsolescence reserves for raw materials and finished goods, at June 30, 2018 and December 31, 2017 were as follows: June 30, 2018 December 31, 2017 Raw materials and manufacturing supplies $ 4.6 $ 3.3 Work in process 11.7 13.7 Finished goods — 6.3 Total $ 16.3 $ 23.3

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2018
Property Plant And Equipment [Abstract]
Property, Plant and Equipment	Note 5. Property, Plant and Equipment The components of the Company’s property, plant and equipment at June 30, 2018 and December 31, 2017 were as follows: June 30, 2018 December 31, 2017 Land $ 10.0 $ 10.0 Buildings 36.0 36.1 Machinery and equipment 103.9 104.0 149.9 150.1 Less: Accumulated depreciation (118.3 ) (115.4 ) Total $ 31.6 $ 34.7 Depreciation expense was $1.9 million and $1.8 million for the three months ended June 30, 2018 and 2017, respectively, and $3.8 million and $3.1 million for the six months ended June 30, 2018 and 2017, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 6. Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill by segment for the six months ended June 30, 2018 were as follows: U.S. International Total Net book value as of December 31, 2017 $ 429.2 $ 18.2 $ 447.4 Reclassified to assets held for sale (3.5 ) (5.8 ) (9.3 ) Foreign exchange and other adjustments — (0.7 ) (0.7 ) Net book value as of June 30, 2018 $ 425.7 $ 11.7 $ 437.4 The components of other intangible assets at June 30, 2018 and December 31, 2017 were as follows: June 30, 2018 December 31, 2017 Gross Gross Carrying Accumulated Net Book Carrying Accumulated Net Amount Amortization Value Amount Amortization Value Customer relationships $ 139.3 $ (106.6 ) $ 32.7 $ 140.6 $ (100.7 ) $ 39.9 Trade names 2.9 (2.9 ) — 2.9 (2.9 ) — Total other intangible assets $ 142.2 $ (109.5 ) $ 32.7 $ 143.5 $ (103.6 ) $ 39.9 Amortization expense for other intangible assets was $3.5 million and $3.5 million for the three months ended June 30, 2018 and 2017, respectively, and $6.9 million and $7.1 million for the six months ended June 30, 2018 and 2017, respectively. The following table outlines the estimated annual amortization expense related to other intangible assets as of June 30, 2018: For the year ending December 31, Amount 2018 $ 13.7 2019 13.7 2020 12.2 2021 — 2022 — 2023 and thereafter — Total $ 39.6

Restructuring, Impairment and O

Restructuring, Impairment and Other Charges	6 Months Ended
	Jun. 30, 2018
Restructuring And Related Activities [Abstract]
Restructuring, Impairment and Other Charges	Note 7. Restructuring, Impairment and Other Charges Restructuring, Impairment and Other Charges recognized in Results of Operations For the three months ended June 30, 2018 and 2017, the Company recorded the following net restructuring, impairment and other charges: Three Months Ended Employee Other Restructuring Total Restructuring June 30, 2018 Terminations Charges Charges Total U.S. $ 0.4 $ 0.2 $ 0.6 $ 0.6 International 1.9 — 1.9 1.9 Corporate 0.1 — 0.1 0.1 Total $ 2.4 $ 0.2 $ 2.6 $ 2.6 Three Months Ended Employee Other Restructuring Total Restructuring June 30, 2017 Terminations Charges Charges Impairment Total U.S. $ 1.0 $ 1.5 $ 2.5 $ 0.2 $ 2.7 International 0.5 — 0.5 — 0.5 Corporate — — — — — Total $ 1.5 $ 1.5 $ 3.0 $ 0.2 $ 3.2 For the six months ended June 30, 2018 and 2017, the Company recorded the following net restructuring, impairment and other charges: Six Months Ended Employee Other Restructuring Total Restructuring Other June 30, 2018 Terminations Charges Charges Charges Total U.S. $ 0.5 $ 0.7 $ 1.2 $ 0.1 $ 1.3 International 1.8 — 1.8 — 1.8 Corporate 0.2 — 0.2 — 0.2 Total $ 2.5 $ 0.7 $ 3.2 $ 0.1 $ 3.3 Six Months Ended Employee Other Restructuring Total Restructuring Other June 30, 2017 Terminations Charges Charges Impairment Charges Total U.S. $ 3.0 $ 1.9 $ 4.9 $ 0.2 $ 0.1 $ 5.2 International 1.2 — 1.2 — — 1.2 Corporate 0.6 — 0.6 — — 0.6 Total $ 4.8 $ 1.9 $ 6.7 $ 0.2 $ 0.1 $ 7.0 Restructuring and Impairment Charges For the three and six months ended June 30, 2018, the Company recorded net restructuring charges of $2.4 million and $2.5 million, respectively, for employee termination costs for 47 employees, substantially all of whom were terminated as of June 30, 2018. These charges primarily related to the reorganization of certain operations. Additionally, the Company incurred net lease termination and other restructuring charges of $0.2 million and $0.7 million, respectively, for the three and six months ended June 30, 2018. For the three and six months ended June 30, 2017, the Company recorded net restructuring charges of $1.5 million and $4.8 million, respectively, for employee termination costs for 148 employees, all of whom were terminated as of June 30, 2018. These charges primarily related to the reorganization of certain operations. Additionally, the Company incurred net lease termination and other restructuring charges of $1.5 million and $1.9 million, respectively, for the three and six months ended June 30, 2017. For the three and six months ended June 30, 2017, the Company also recorded $0.2 million of net impairment charges primarily related to leasehold improvements associated with facility closures. Restructuring Reserve The restructuring reserve as of December 31, 2017 and June 30, 2018, and changes during the six months ended June 30, 2018, were as follows: December 31, Restructuring Cash June 30, 2017 Charges Reversals Paid 2018 Employee terminations $ 1.3 $ 2.7 $ (0.2 ) $ (1.6 ) $ 2.2 Lease terminations and other 2.1 0.7 — (1.0 ) 1.8 Total $ 3.4 $ 3.4 $ (0.2 ) $ (2.6 ) $ 4.0 The current portion of restructuring reserves of $3.4 million at June 30, 2018 was included in accrued liabilities, while the long-term portion of $0.6 million, primarily related to lease termination costs, was included in other noncurrent liabilities at June 30, 2018. The Company anticipates that payments associated with the employee terminations reflected in the table above will be substantially completed by December 31, 2018. The restructuring liabilities classified as “lease terminations and other” consisted of lease terminations, other facility closing costs and contract termination costs. Payments on certain of the lease obligations are scheduled to continue until 2021. Market conditions and the Company’s ability to sublease these properties could affect the ultimate charges related to the lease obligations. Any potential recoveries or additional charges could affect amounts reported in the Company’s financial statements.

Retirement Plans

Retirement Plans	6 Months Ended
	Jun. 30, 2018
Compensation And Retirement Disclosure [Abstract]
Retirement Plans	Note 8. Retirement Plans The components of the estimated net pension plan income for Donnelley Financial’s pension plans for the three and six months ended June 30, 2018 and 2017 were as follows: Three Months Ended Six Months Ended June 30, June 30, 2018 2017 2018 2017 Pension expense (income) Interest cost $ 2.5 $ 2.6 $ 5.1 $ 5.3 Expected return on assets (4.0 ) (4.0 ) (8.0 ) (8.0 ) Amortization, net 0.7 0.5 1.3 1.0 Net pension income $ (0.8 ) $ (0.9 ) $ (1.6 ) $ (1.7 ) During the first quarter of 2018, the Company adopted Accounting Standards Update No. 2017-07 “Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” (“ASU 2017-07”), which requires an employer to report the service cost component of net periodic benefit cost in the same line item(s) as other employee compensation costs arising from services rendered during the period. The other components of net periodic benefit cost are presented in the income statement separately from the line item(s) that includes the service cost and outside of any subtotal of operating income. ASU 2017-07 was adopted on a retrospective basis. The adoption of ASU 2017-07 resulted in the presentation of net pension income within investment and other income in the condensed consolidated statement of operations instead of selling, general and administrative expenses. Prior period net pension income was also reclassified.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Note 9. Income Taxes The Company’s provision for income taxes for the three and six months ended June 30, 2018 and 2017 is based on the estimated annual effective tax rate, plus discrete items. The following table presents the provision for income taxes and the effective income tax rates for the three and six months ended June 30, 2018 and 2017: Three Months Ended June 30, 2018 2017 $ Change % Change (in millions, except percentages) Earnings before income taxes $ 27.2 $ 31.9 $ (4.7 ) (14.7 %) Income tax expense 8.3 13.1 (4.8 ) (36.6 %) Effective income tax rate 30.5 % 41.1 % Six Months Ended June 30, 2018 2017 $ Change % Change (in millions, except percentages) Earnings before income taxes $ 38.4 $ 48.0 $ (9.6 ) (20.0 %) Income tax expense 11.8 19.9 (8.1 ) (40.7 %) Effective income tax rate 30.7 % 41.5 % Cash payments (net of refunds) for U.S. federal, states and foreign income taxes were $3.9 million and $11.6 million for the three months ended June 30, 2018 and 2017, respectively, and $6.1 million and $12.9 million for the six months ended June 30, 2018 and 2017, respectively. The decrease in the effective income tax rate to 30.7% for the six months ended June 30, 2018 compared to 41.5% for the six months ended June 30, 2017 was primarily due to changes in U.S. corporate tax law pursuant to the enactment of the U.S. Federal Tax Cut and Jobs Act (“the Tax Act”) on December 22, 2017. The Tax Act, among other items, reduced the corporate income tax rate from a maximum 35% to a flat 21% rate, broadened the tax base and created a territorial tax system. Due to the timing of the enactment and the complexity involved in applying the provisions of the Tax Act, the Company made reasonable estimates of the tax effects and recorded provisional amounts in its consolidated financial statements for the year ended December 31, 2017. Staff Accounting Bulletin No. 118 (“SAB 118”) provided a measurement period of one year from the Tax Act enactment date for companies to complete their accounting for the enactment-date effects of the Tax Act that were considered provisional estimates at December 31, 2017. During the first quarter of 2018, the Company recognized a measurement-period adjustment of $0.4 million to decrease the transition tax liability with a corresponding $0.4 million state income tax benefit related to the one-time transition tax on foreign subsidiaries’ untaxed accumulated earnings (“the deemed repatriation tax”). The Company is continuing to gather and review additional information needed to complete the accounting for the tax effects of the Tax Act. As a result, the Company has not made any additional measurement-period adjustments during the three months ended June 30, 2018 with respect to the deemed repatriation tax, re-measurement of deferred tax assets and liabilities or indefinite reinvestment assertion. The Company will complete its accounting for these items within the prescribed measurement period.

Equity

Equity	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Equity	Note 10. Equity The Company’s equity as of December 31, 2017 and June 30, 2018, and changes during the six months ended June 30, 2018, were as follows: Total Equity Balance at December 31, 2017 $ 149.4 Net earnings 26.6 Other comprehensive income (1.7 ) Adoption of ASU 2014-09 0.9 Share-based compensation 5.1 Issuance of share-based awards, net of withholdings and other 0.5 Balance at June 30, 2018 $ 180.8 The Company’s equity as of December 31, 2016 and June 30, 2017, and changes during the six months ended June 30, 2017, were as follows: Total Equity Balance at December 31, 2016 $ 111.1 Net earnings 28.1 Other comprehensive income 3.1 Separation-related adjustments 3.0 Share-based compensation 3.5 Issuance of common stock 18.8 Issuance of share-based awards, net of withholdings and other (1.0 ) Balance at June 30, 2017 $ 166.6 Separation-related adjustments primarily relate to the settlement of balances due to or from RRD for activity prior to the Separation.

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Earnings per Share	Note 11. Earnings per Share Basic earnings per share is calculated by dividing net earnings by the weighted average number of common shares outstanding for the period. In computing diluted earnings per share, basic earnings per share is adjusted for the assumed issuance of all potentially dilutive share-based awards, including restricted stock units and restricted stock. The reconciliation of the numerator and denominator of the basic and diluted earnings per share calculation and the anti-dilutive share-based awards for the three and six months ended June 30, 2018 and 2017 were as follows: Three Months Ended Six Months Ended June 30, June 30, 2018 2017 2018 2017 Net earnings per share: Basic $ 0.56 $ 0.57 $ 0.79 $ 0.86 Diluted $ 0.56 $ 0.57 $ 0.78 $ 0.86 Numerator: Net earnings $ 18.9 $ 18.8 $ 26.6 $ 28.1 Denominator: Weighted average number of common shares outstanding 33.8 32.7 33.7 32.6 Dilutive awards 0.2 0.2 0.2 0.2 Diluted weighted average number of common shares outstanding 34.0 32.9 33.9 32.8 Weighted average number of anti-dilutive share-based awards: Restricted stock units 0.2 — 0.4 0.1 Stock options 0.6 0.4 0.6 0.3 Total 0.8 0.4 1.0 0.4

Comprehensive Income

Comprehensive Income	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Comprehensive Income	Note 12. Comprehensive Income The components of other comprehensive (loss) income and income tax expense allocated to each component for the three and six months ended June 30, 2018 and 2017 were as follows: Three Months Ended Six Months Ended June 30, 2018 June 30, 2018 Before Tax Income Tax Net of Tax Before Tax Income Tax Net of Tax Amount Expense Amount Amount Expense Amount Translation adjustments $ (3.4 ) $ — $ (3.4 ) $ (2.7 ) $ — $ (2.7 ) Adjustment for net periodic pension plan and other postretirement benefits plan cost 0.7 0.2 0.5 1.3 0.3 1.0 Other comprehensive (loss) income $ (2.7 ) $ 0.2 $ (2.9 ) $ (1.4 ) $ 0.3 $ (1.7 ) Three Months Ended Six Months Ended June 30, 2017 June 30, 2017 Before Tax Income Tax Net of Tax Before Tax Income Tax Net of Tax Amount Expense Amount Amount Expense Amount Translation adjustments $ 2.3 $ — $ 2.3 $ 2.4 $ — $ 2.4 Adjustment for net periodic pension plan and other postretirement benefits plan cost 0.5 0.2 0.3 1.0 0.3 0.7 Other comprehensive income $ 2.8 $ 0.2 $ 2.6 $ 3.4 $ 0.3 $ 3.1 Accumulated other comprehensive loss by component as of December 31, 2017 and June 30, 2018 were as follows: Pension and Other Postretirement Benefits Plan Cost Translation Adjustments Total Balance at December 31, 2017 $ (52.9 ) $ (11.7 ) $ (64.6 ) Other comprehensive income before reclassifications — (2.7 ) (2.7 ) Amounts reclassified from accumulated other comprehensive loss 1.0 — 1.0 Net change in accumulated other comprehensive loss 1.0 (2.7 ) (1.7 ) Balance at June 30, 2018 $ (51.9 ) $ (14.4 ) $ (66.3 ) Accumulated other comprehensive loss by component as of December 31, 2016 and June 30, 2017 were as follows: Pension and Other Postretirement Benefits Plan Cost Translation Adjustments Total Balance at December 31, 2016 $ (52.2 ) $ (16.1 ) $ (68.3 ) Other comprehensive income before reclassifications — 2.4 2.4 Amounts reclassified from accumulated other comprehensive loss 0.7 — 0.7 Net change in accumulated other comprehensive loss 0.7 2.4 3.1 Balance at June 30, 2017 $ (51.5 ) $ (13.7 ) $ (65.2 ) Reclassifications from accumulated other comprehensive loss for the three and six months ended June 30, 2018 and 2017 were as follows: Three Months Ended Six Months Ended Classification in the Condensed June 30, June 30, Consolidated 2018 2017 2018 2017 Statements of Operations Amortization of pension and other postretirement benefits plan cost: Net actuarial income (loss) $ 0.7 $ 0.5 $ 1.3 $ 1.0 (a) Reclassifications before tax 0.7 0.5 1.3 1.0 Income tax expense 0.2 0.2 0.3 0.3 Reclassifications, net of tax $ 0.5 $ 0.3 $ 1.0 $ 0.7 (a) This accumulated other comprehensive loss component is included in the calculation of net periodic pension and other postretirement benefits plan income recognized in investment and other income in the unaudited condensed consolidated statements of operations (see Note 8, Retirement Plans

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Segment Information	Note 13. Segment Information The Company’s segments are summarized below: United States The U.S. segment serves capital market and investment market clients in the U.S. by delivering products and services to help create, manage, and deliver, accurate and timely financial communications to investors and regulators. The Company also provides virtual data rooms to facilitate the deal management requirements of capital markets and mergers and acquisitions transactions, and provides data and analytics services that help professionals uncover intelligence from disclosures contained within public filings made with the SEC. The U.S. segment also includes language solutions capabilities, through which the Company can translate documents and create content in up to 140 different languages for its clients, and commercial print. International The International segment includes the Company’s operations in Asia, Europe, Canada and Latin America. The international business is primarily focused on working with international capital markets clients on capital markets offerings and regulatory compliance related activities into or within the United States. In addition, the international segment provides language translation services and shareholder communication services to investment market clients. Corporate Corporate consists of unallocated general and administrative activities and associated expenses including, in part, executive, legal, finance, communications and certain facility costs. In addition, certain costs and earnings of employee benefit plans, such as pension and other postretirement benefit plan expense (income) and allocated costs for share-based compensation, are included in Corporate and not allocated to the operating segments. Information by Segment The Company has disclosed income (loss) from operations as the primary measure of segment earnings (loss). This is the measure of profitability used by the Company’s chief operating decision-maker and is most consistent with the presentation of profitability reported within the consolidated financial statements. Income Depreciation Total Intersegment Net from and Capital Sales Sales Sales Operations Amortization Expenditures Three Months Ended June 30, 2018 U.S. $ 246.2 $ (3.7 ) $ 242.5 $ 46.9 $ 9.5 $ 8.3 International 48.5 (0.4 ) 48.1 1.6 1.4 0.8 Total operating segments 294.7 (4.1 ) 290.6 48.5 10.9 9.1 Corporate — — — (12.3 ) 0.2 0.1 Total operations $ 294.7 $ (4.1 ) $ 290.6 $ 36.2 $ 11.1 $ 9.2 Income Depreciation Total Intersegment Net from and Capital Sales Sales Sales Operations Amortization Expenditures Three Months Ended June 30, 2017 U.S. $ 244.0 $ (2.3 ) $ 241.7 $ 48.1 $ 9.5 $ 6.5 International 50.4 (1.9 ) 48.5 5.9 1.4 0.3 Total operating segments 294.4 (4.2 ) 290.2 54.0 10.9 6.8 Corporate — — — (12.0 ) — 0.9 Total operations $ 294.4 $ (4.2 ) $ 290.2 $ 42.0 $ 10.9 $ 7.7 Income Depreciation Total Intersegment Net from Assets of and Capital Sales Sales Sales Operations Operations Amortization Expenditures Six Months Ended June 30, 2018 U.S. $ 460.8 $ (5.2 ) $ 455.6 $ 73.3 $ 726.5 $ 18.4 $ 14.4 International 91.2 (1.0 ) 90.2 4.1 102.9 2.8 0.9 Total operating segments 552.0 (6.2 ) 545.8 77.4 829.4 21.2 15.3 Corporate — — — (21.8 ) 99.8 0.3 0.3 Total operations $ 552.0 $ (6.2 ) $ 545.8 $ 55.6 $ 929.2 $ 21.5 $ 15.6 Income Depreciation Total Intersegment Net from Assets of and Capital Sales Sales Sales Operations Operations Amortization Expenditures Six Months Ended June 30, 2017 U.S. $ 476.9 $ (4.8 ) $ 472.1 $ 85.1 $ 750.1 $ 18.3 $ 10.4 International 87.7 (2.3 ) 85.4 6.1 104.1 2.8 0.7 Total operating segments 564.6 (7.1 ) 557.5 91.2 854.2 21.1 11.1 Corporate — — — (22.8 ) 114.2 — 0.9 Total operations $ 564.6 $ (7.1 ) $ 557.5 $ 68.4 $ 968.4 $ 21.1 $ 12.0

Debt

Debt	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Debt	Note 14. Debt The Company’s debt as of June 30, 2018 and December 31, 2017 consisted of the following: June 30, December 31, 2018 2017 8.25% senior notes due October 15, 2024 $ 300.0 $ 300.0 Term Loan Credit Facility 168.7 168.6 Borrowings under the Revolving Facility 27.0 — Unamortized debt issuance costs (9.4 ) (10.3 ) Total debt 486.3 458.3 Less: current portion — — Long-term debt $ 486.3 $ 458.3 The fair value of the senior notes, which was determined using the market approach based upon interest rates available to the Company for borrowings with similar terms and maturities, were determined to be Level 2 under the fair value hierarchy. The fair value of the Company’s senior notes was $314.4 million and $321.5 million at June 30, 2018 and December 31, 2017, respectively. The Company has a Credit Agreement (“the Credit Agreement”) which provides for a $ 350.0 300.0 15.0 27.0 The weighted average interest rate on borrowings under the Revolving Facility was 4.5% and 4.2% at June 30, 2018 and 2017, respectively. Interest paid was $17.8 million and $20.7 million for the six months ended June 30, 2018 and 2017, respectively. The Company’s 8.25% senior unsecured notes due October 15, 2024 (the “Notes”) were issued pursuant to an indenture where certain wholly-owned domestic subsidiaries of the Company guarantee the Notes (the “Guarantors”). The Notes are jointly and severally guaranteed, on an unsecured basis, by the Guarantors, which are comprised of each of the Company’s existing and future direct and indirect wholly-owned U.S. subsidiaries that guarantee the Company’s obligations under the Credit Facilities. The Notes are not guaranteed by the Company’s foreign subsidiaries or unrestricted subsidiaries. The Notes and the related guarantees will be the Company and the Guarantors’, respective, senior unsecured obligations and will rank equally in right of payment to all present and future senior debt, including the obligations under the Company’s Credit Facilities, senior in right of payment to all present and future subordinated debt, and effectively subordinated in right of payment to any of the Company and the Guarantors’ secured debt, to the extent of the value of the assets securing such debt. The indenture governing the Notes contains certain covenants applicable to the Company and its restricted subsidiaries, including limitations on: (1) liens; (2) indebtedness; (3) mergers, consolidations and acquisitions; (4) sales, transfers and other dispositions of assets; (5) loans and other investments; (6) dividends and other distributions, stock repurchases and redemptions and other restricted payments; (7) restrictions affecting subsidiaries; (8) transactions with affiliates; and (9) designations of unrestricted subsidiaries. Each of these covenants is subject to important exceptions and qualifications.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 15. Commitments and Contingencies Litigation From time to time, the Company’s customers and others file voluntary petitions for reorganization under United States bankruptcy laws. In such cases, certain pre-petition payments received by the Company from these parties could be considered preference items and subject to return. In addition, the Company may be party to certain litigation arising in the ordinary course of business. Management believes that the final resolution of these preference items and litigation will not have a material effect on the Company’s consolidated results of operations, financial position or cash flows.

Related Parties

Related Parties	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Related Parties	Note 16. Related Parties On March 28, 2017, RRD completed the sale of 6.2 million shares of LSC common stock (RRD’s remaining ownership stake in LSC) in an underwritten public offering. As a result, beginning in the quarter ended June 30, 2017, LSC no longer qualified as a related party of the Company and the amounts disclosed related to LSC are presented through March 31, 2017 only. On June 21, 2017, RRD completed the sale of approximately 6.1 million shares of the Company’s common. RRD retained approximately 0.1 million shares of the Company’s common stock which RRD sold on August 4, 2017. Beginning in the quarter ended September 30, 2017, RRD no longer qualified as a related party and the amounts disclosed related to RRD are presented through June 30, 2017 only. Transition Services Agreements In connection with the Separation, the Company entered into transition services agreements separately with RRD and LSC, under which, in exchange for the fees specified in the arrangements, RRD and LSC agree to provide certain services to the Company and the Company agrees to provide certain services to RRD, respectively, for up to 24 months following the Separation. These services include, but are not limited to, information technology, accounts receivable, accounts payable, payroll and other financial and administrative services and functions. These agreements facilitate the separation by allowing the Company to operate independently prior to establishing stand-alone back office systems across its organization. Commercial Arrangements The Company entered into a number of commercial and other arrangements with RRD and its subsidiaries. These include, among other things, arrangements for the provision of services, including global outsourcing and logistics services, printing and binding, digital printing, composition and access to technology. The terms of the arrangements with RRD do not exceed 36 months. Subsequent to the Separation, RRD and LSC are clients of the Company and expect to utilize SaaS solutions and services that the Company provides to all of its clients. Sublease Agreement In connection with the Separation, the Company assumed an operating lease through 2024 for the Company’s headquarters. There is a related non-cancelable sublease rental to RRD for the same period. The Company remains secondarily liable under this lease in the event that the sub-lessee defaults under the sublease terms. The Company does not believe that material payments will be required as a result of the secondary liability provisions of the primary lease agreement.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2018
Accounting Changes And Error Corrections [Abstract]
New Accounting Pronouncements	Note 17. New Accounting Pronouncements Recently Adopted Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, which outlines a single comprehensive model for entities to use in accounting for revenue using a five-step process that supersedes virtually all existing revenue guidance. ASU 2014-09 also requires additional quantitative and qualitative disclosures. In August 2015, the FASB issued Accounting Standards Update No. 2015-14 “Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date” (“ASU 2015-14”), which deferred the effective date of ASU 2014-09 to January 1, 2018. The Company adopted the standard on January 1, 2018 using the modified retrospective approach. The Company recognized the cumulative effect of applying the standard as an opening transition adjustment to retained earnings. The comparative periods have not been restated and continue to be reported under the accounting standards in effect for those periods. Refer to Note 2, Revenue In March 2017, the FASB issued ASU 2017-07, which the Company adopted retrospectively in the first quarter of 2018. Refer to Note 8, Retirement Plans , for further information. Recently Issued Accounting Pronouncements In February 2018, the FASB issued Accounting Standards Update No. 2018-02 “Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Income Tax Effects from Accumulated Other Comprehensive Income” (“ASU 2018-02”), which provides entities the option to reclassify tax effects stranded in accumulated other comprehensive income as a result of the Tax Act to retained earnings. ASU 2018-02 may be applied either in the period of adoption or retrospectively to each period in which the effect of the Tax Act is recognized. ASU 2018-02 is effective in the first quarter of 2019. Early adoption is permitted. The Company is evaluating the impact of ASU 2018-02. In February 2016, the FASB issued Accounting Standards Update No. 2016-02 “Leases (Topic 842)” (“ASU 2016-02”), which requires lessees to put most leases on the balance sheet but recognize expense on the income statement in a manner similar to current accounting. For lessors, ASU 2016-02 also modifies the classification criteria and the accounting for sales-type and direct financing leases. The standard requires a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements and is effective in the first quarter of 2019. In July 2018, the FASB issued Accounting Standards Update 2018-11 (“ASU 2018-11”), which provides an optional transition method to apply ASU 2016-02 in the period of adoption and recognize a cumulative-effect opening transition adjustment to retained earnings, without applying the standard to comparative periods. ASU 2018-11 also provides lessors with a practical expedient to account for lease and associated non-lease components as a single component when certain criteria are met. Early adoption of ASU 2016-02 is permitted; however, the Company will adopt the standard in the first quarter of 2019 and plans to apply the optional transition method upon adoption. The Company is in the process of reviewing its existing lease portfolio, which is primarily comprised of real estate leases, to evaluate the impact of ASU 2016-02 on the consolidated financial statements. The Company currently expects to recognize a lease liability and corresponding right-of-use asset for substantially all operating lease agreements, which will have a significant impact on the Company’s consolidated balance sheet. The Company currently plans to elect the optional package of practical expedients to not reassess prior conclusions related to contracts containing leases, lease classification and initial direct costs and therefore, does not expect the adoption of ASU 2016-02 to have a significant impact on the consolidated statement of operations for existing operating leases. The ultimate impact of the standard will depend on the Company’s lease portfolio at the date of adoption. Additionally, the Company is evaluating the processes and internal controls needed to support the changes resulting from the new lease accounting standard.

Guarantor Financial Information

Guarantor Financial Information	6 Months Ended
	Jun. 30, 2018
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Guarantor Financial Information	Note 18. Guarantor Financial Information As described in Note 14, Debt The guarantee of the Notes by a subsidiary guarantor will be automatically released under certain situations, including upon the sale or disposition of such subsidiary guarantor to a person that is not Donnelley Financial or a subsidiary guarantor of the notes, the liquidation or dissolution of such subsidiary guarantor, and if such subsidiary guarantor is released from its guarantee obligations under the Company’s Credit Facilities. The following tables set forth condensed consolidating statements of income for the three and six months ended June 30, 2018 and 2017, condensed consolidating statements of financial position as of June 30, 2018 and December 31, 2017, and condensed consolidating statements of cash flows for the six months ended June 30, 2018 and 2017. The principal consolidating adjustments are to eliminate the investment in subsidiaries and intercompany balances and transactions. For purposes of the tables below, the Company is referred to as “Parent” and the Guarantors are referred to as “Guarantor Subsidiaries.” Condensed Consolidating Statements of Operations For the Three Months Ended June 30, 2018 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Services net sales $ — $ 153.4 $ 37.1 $ (2.6 ) $ 187.9 Products net sales — 92.8 11.4 (1.5 ) 102.7 Total net sales — 246.2 48.5 (4.1 ) 290.6 Services cost of sales (exclusive of depreciation and amortization) — 69.0 25.1 (2.1 ) 92.0 Products cost of sales (exclusive of depreciation and amortization) — 67.8 7.8 (2.0 ) 73.6 Total cost of sales — 136.8 32.9 (4.1 ) 165.6 Selling, general and administrative expenses (exclusive of depreciation and amortization) — 64.4 10.7 — 75.1 Restructuring, impairment and other charges-net — 0.7 1.9 — 2.6 Depreciation and amortization — 9.7 1.4 — 11.1 Income from operations — 34.6 1.6 — 36.2 Interest expense (income)-net 10.1 (0.1 ) (0.2 ) — 9.8 Intercompany interest (income) expense – net (6.7 ) 6.7 — — — Investment and other income-net — (0.8 ) — — (0.8 ) Earnings (loss) before income taxes and equity in net income of subsidiaries (3.4 ) 28.8 1.8 — 27.2 Income tax (benefit) expense (1.0 ) 8.8 0.5 — 8.3 Earnings (loss) before equity in net income of subsidiaries (2.4 ) 20.0 1.3 — 18.9 Equity in net income of subsidiaries 21.3 1.3 — (22.6 ) — Net earnings $ 18.9 $ 21.3 $ 1.3 $ (22.6 ) $ 18.9 Comprehensive income (loss) $ 16.0 $ 18.3 $ (2.2 ) $ (16.1 ) 16.0 Condensed Consolidating Statements of Operations For the Six Months Ended June 30, 2018 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Services net sales $ — $ 282.1 $ 69.2 $ (3.9 ) $ 347.4 Products net sales — 178.7 22.0 (2.3 ) 198.4 Total net sales — 460.8 91.2 (6.2 ) 545.8 Services cost of sales (exclusive of depreciation and amortization) — 136.5 44.7 (3.3 ) 177.9 Products cost of sales (exclusive of depreciation and amortization) — 132.9 16.3 (2.9 ) 146.3 Total cost of sales — 269.4 61.0 (6.2 ) 324.2 Selling, general and administrative expenses (exclusive of depreciation and amortization) — 119.7 21.5 — 141.2 Restructuring, impairment and other charges-net — 1.5 1.8 — 3.3 Depreciation and amortization — 18.7 2.8 — 21.5 Income from operations — 51.5 4.1 — 55.6 Interest expense (income)-net 19.3 (0.3 ) (0.2 ) — 18.8 Intercompany interest (income) expense - net (13.3 ) 13.3 — — — Investment and other income-net — (1.6 ) — — (1.6 ) Earnings (loss) before income taxes and equity in net income of subsidiaries (6.0 ) 40.1 4.3 — 38.4 Income tax (benefit) expense (1.8 ) 12.3 1.3 — 11.8 Earnings (loss) before equity in net income of subsidiaries (4.2 ) 27.8 3.0 — 26.6 Equity in net income of subsidiaries 30.8 3.0 — (33.8 ) — Net earnings (loss) $ 26.6 $ 30.8 $ 3.0 $ (33.8 ) $ 26.6 Comprehensive income (loss) $ 24.9 $ 29.1 $ 0.2 $ (29.3 ) $ 24.9 Condensed Consolidating Statements of Operations For the Three Months Ended June 30, 2017 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Services net sales $ — $ 145.8 $ 34.1 $ (2.8 ) $ 177.1 Products net sales — 98.2 16.3 (1.4 ) 113.1 Total net sales — 244.0 50.4 (4.2 ) 290.2 Services cost of sales (exclusive of depreciation and amortization) — 62.0 21.3 (2.5 ) 80.8 Services cost of sales with R.R. Donnelley affiliates (exclusive of depreciation and amortization)* — 9.0 0.5 0.1 9.6 Products cost of sales (exclusive of depreciation and amortization) — 61.6 9.0 (1.8 ) 68.8 Products cost of sales with R.R. Donnelley affiliates (exclusive of depreciation and amortization)* — 11.4 2.1 — 13.5 Total cost of sales — 144.0 32.9 (4.2 ) 172.7 Selling, general and administrative expenses (exclusive of depreciation and amortization) — 51.7 9.7 — 61.4 Restructuring, impairment and other charges-net — 2.7 0.5 — 3.2 Depreciation and amortization — 9.5 1.4 — 10.9 Income from operations — 36.1 5.9 — 42.0 Interest expense-net 11.2 (0.2 ) — — 11.0 Investment and other income-net — (0.9 ) — — (0.9 ) Earnings before income taxes and equity in net income of subsidiaries (11.2 ) 37.2 5.9 — 31.9 Income tax expense (4.6 ) 15.2 2.5 — 13.1 Earnings before equity in net income of subsidiaries (6.6 ) 22.0 3.4 — 18.8 Equity in net income of subsidiaries 25.4 3.4 — (28.8 ) — Net earnings (loss) $ 18.8 $ 25.4 $ 3.4 $ (28.8 ) $ 18.8 Comprehensive income (loss) $ 21.4 $ 28.0 $ 5.7 $ (33.7 ) $ 21.4 *Beginning in the quarter ended June 30, 2017, LSC no longer qualified as a related party, therefore the amounts disclosed related to LSC are presented through March 31, 2017 only. Beginning in the quarter ended September 30, 2017, RRD no longer qualified as a related party, therefore the amounts disclosed related to RRD are presented through June 30, 2017 only. Condensed Consolidating Statements of Operations For the Six Months Ended June 30, 2017 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Services net sales $ — $ 274.4 $ 61.1 $ (4.4 ) $ 331.1 Products net sales — 202.5 26.6 (2.7 ) 226.4 Total net sales — 476.9 87.7 (7.1 ) 557.5 Services cost of sales (exclusive of depreciation and amortization) — 123.3 39.2 (4.0 ) 158.5 Services cost of sales with R.R. Donnelley affiliates (exclusive of depreciation and amortization)* — 18.4 1.0 0.1 19.5 Products cost of sales (exclusive of depreciation and amortization) — 118.6 16.4 (3.2 ) 131.8 Products cost of sales with R.R. Donnelley affiliates (exclusive of depreciation and amortization)* — 30.1 2.2 — 32.3 Total cost of sales — 290.4 58.8 (7.1 ) 342.1 Selling, general and administrative expenses (exclusive of depreciation and amortization) — 100.1 18.8 — 118.9 Restructuring, impairment and other charges-net — 5.8 1.2 — 7.0 Depreciation and amortization — 18.3 2.8 — 21.1 Income from operations — 62.3 6.1 — 68.4 Interest expense-net 22.5 (0.4 ) — — 22.1 Investment and other income-net — (1.7 ) — — (1.7 ) Earnings before income taxes and equity in net income of subsidiaries (22.5 ) 64.4 6.1 — 48.0 Income tax expense (9.3 ) 26.6 2.6 — 19.9 Earnings before equity in net income of subsidiaries (13.2 ) 37.8 3.5 — 28.1 Equity in net income of subsidiaries 41.3 3.5 — (44.8 ) — Net earnings (loss) $ 28.1 $ 41.3 $ 3.5 $ (44.8 ) $ 28.1 Comprehensive income (loss) $ 31.2 $ 44.4 $ 5.9 $ (50.3 ) $ 31.2 *Beginning in the quarter ended June 30, 2017, LSC no longer qualified as a related party, therefore the amounts disclosed related to LSC are presented through March 31, 2017 only. Beginning in the quarter ended September 30, 2017, RRD no longer qualified as a related party, therefore the amounts disclosed related to RRD are presented through June 30, 2017 only. Condensed Consolidating Balance Sheet As of June 30, 2018 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 2.3 $ 9.5 $ — $ 11.8 Receivables, less allowances — 212.4 38.9 — 251.3 Intercompany receivables — 83.0 — (83.0 ) — Intercompany short-term note receivable-net — — 18.5 (18.5 ) — Inventories — 12.1 4.2 — 16.3 Prepaid expenses and other current assets — 14.2 3.0 (0.8 ) 16.4 Assets held for sale — 12.4 20.4 — 32.8 Total current assets — 336.4 94.5 (102.3 ) 328.6 Property, plant and equipment-net — 28.8 2.8 — 31.6 Goodwill — 425.7 11.7 — 437.4 Other intangible assets-net — 26.8 5.9 — 32.7 Software-net — 43.2 — — 43.2 Deferred income taxes — 38.3 4.3 (23.4 ) 19.2 Intercompany long-term note receivable 376.0 — — (376.0 ) — Other noncurrent assets 3.0 29.4 4.1 — 36.5 Investments in consolidated subsidiaries 391.8 84.7 — (476.5 ) — Total assets $ 770.8 $ 1,013.3 $ 123.3 $ (978.2 ) $ 929.2 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable $ — $ 65.9 $ 11.2 $ — $ 77.1 Intercompany payables 76.9 — 6.1 (83.0 ) — Intercompany short-term note payable-net 18.5 — — (18.5 ) — Accrued liabilities 6.0 75.6 14.4 (0.8 ) 95.2 Liabilities held for sale — 3.0 4.1 — 7.1 Total current liabilities 101.4 144.5 35.8 (102.3 ) 179.4 Long-term debt 486.3 — — — 486.3 Intercompany long-term note payable — 376.0 — (376.0 ) — Deferred compensation liabilities — 22.1 — — 22.1 Pension and other postretirement benefits plan liabilities — 48.2 1.1 — 49.3 Other noncurrent liabilities 2.3 30.7 1.7 (23.4 ) 11.3 Total liabilities 590.0 621.5 38.6 (501.7 ) 748.4 Total equity 180.8 391.8 84.7 (476.5 ) 180.8 Total liabilities and equity $ 770.8 $ 1,013.3 $ 123.3 $ (978.2 ) $ 929.2 Condensed Consolidating Balance Sheet As of December 31, 2017 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ 8.3 $ 27.9 $ 15.8 $ — $ 52.0 Receivables, less allowances — 131.3 33.9 — 165.2 Intercompany receivables — 146.4 — (146.4 ) — Intercompany short-term note receivable-net — — 30.0 (30.0 ) — Inventories — 21.3 2.0 — 23.3 Prepaid expenses and other current assets 37.1 14.8 2.8 (25.1 ) 29.6 Total current assets 45.4 341.7 84.5 (201.5 ) 270.1 Property, plant and equipment-net — 31.2 3.5 — 34.7 Goodwill — 429.2 18.2 — 447.4 Other intangible assets-net — 32.4 7.5 — 39.9 Software-net — 40.6 0.5 — 41.1 Deferred income taxes — 40.5 3.4 (21.7 ) 22.2 Other noncurrent assets 3.4 30.0 4.7 — 38.1 Investments in consolidated subsidiaries 728.4 85.2 — (813.6 ) — Total assets $ 777.2 $ 1,030.8 $ 122.3 $ (1,036.8 ) $ 893.5 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable $ — $ 57.9 $ 9.9 $ — $ 67.8 Intercompany payable 139.5 — 6.9 (146.4 ) — Intercompany short-term note payable-net 30.0 — — (30.0 ) — Accrued liabilities — 127.6 16.7 (25.1 ) 119.2 Total current liabilities 169.5 185.5 33.5 (201.5 ) 187.0 Long-term debt 458.3 — — — 458.3 Deferred compensation liabilities — 22.8 — — 22.8 Pension and other postretirement benefits plan liabilities — 51.3 1.2 — 52.5 Other noncurrent liabilities — 42.8 2.4 (21.7 ) 23.5 Total liabilities 627.8 302.4 37.1 (223.2 ) 744.1 Total equity 149.4 728.4 85.2 (813.6 ) 149.4 Total liabilities and equity $ 777.2 $ 1,030.8 $ 122.3 $ (1,036.8 ) $ 893.5 Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2018 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated OPERATING ACTIVITIES Net cash used in operating activities $ (24.2 ) $ (10.3 ) $ (15.7 ) $ — $ (50.2 ) INVESTING ACTIVITIES Capital expenditures — (14.7 ) (0.9 ) — (15.6 ) Intercompany note receivable, net — — 11.5 (11.5 ) — Other investing activities — (0.6 ) — 0.6 — Net cash (used in) provided by investing activities — (15.3 ) 10.6 (10.9 ) (15.6 ) FINANCING ACTIVITIES Revolving facility borrowings 206.5 — — — 206.5 Payments on revolving facility borrowings (179.5 ) — — — (179.5 ) Intercompany note payable, net (11.5 ) — — 11.5 — Proceeds from the issuance of common stock 1.2 — — — 1.2 Treasury stock repurchases (0.8 ) — — — (0.8 ) Other financing activities — — 0.6 (0.6 ) — Net cash provided by financing activities 15.9 — 0.6 10.9 27.4 Effect of exchange rate on cash and cash equivalents — — (1.8 ) — (1.8 ) Net decrease in cash and cash equivalents (8.3 ) (25.6 ) (6.3 ) — (40.2 ) Cash and cash equivalents at beginning of year 8.3 27.9 15.8 — 52.0 Cash and cash equivalents at end of period $ — $ 2.3 $ 9.5 $ — $ 11.8 Supplemental non-cash disclosure: Intercompany debt allocation $ (376.0 ) $ 376.0 $ — $ — $ — Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2017 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated OPERATING ACTIVITIES Net cash (used in) provided by operating activities $ (35.5 ) $ 12.4 $ (1.2 ) $ (15.1 ) $ (39.4 ) INVESTING ACTIVITIES Capital expenditures — (11.3 ) (0.7 ) — (12.0 ) Purchase of investment — (3.4 ) — — (3.4 ) Other investing activities — 0.2 — — 0.2 Net cash used in investing activities — (14.5 ) (0.7 ) — (15.2 ) FINANCING ACTIVITIES Revolving facility borrowings 174.0 — — — 174.0 Payments on revolving facility borrowings (169.0 ) — — — (169.0 ) Payments on current maturities and long-term debt (68.0 ) — — — (68.0 ) Debt issuance costs (1.5 ) — — — (1.5 ) Separation-related payment from R.R. Donnelley 68.0 — — — 68.0 Proceeds from the issuance of common stock 18.8 — — — 18.8 Net transfers related to the Separation 3.0 — — — 3.0 Net change in short-term debt 1.0 — — — 1.0 Intercompany note payable (receivable) 9.2 — (9.2 ) — — Net cash provided by (used in) financing activities 35.5 — (9.2 ) — 26.3 Effect of exchange rate on cash and cash equivalents — — 0.2 — 0.2 Net increase (decrease) in cash and cash equivalents — (2.1 ) (10.9 ) (15.1 ) (28.1 ) Cash and cash equivalents at beginning of year — 21.8 16.8 (2.4 ) 36.2 Cash and cash equivalents at end of period $ — $ 19.7 $ 5.9 $ (17.5 ) $ 8.1

Overview and Basis of Present25

Overview and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition The Company manages highly-customized data and materials, such as Exchange Act, Securities Act and Investment Company Act filings with the SEC on behalf of our customers, manages virtual data rooms and performs XBRL and related services. Clients are provided with EDGAR filing services, XBRL compliance services and translation, editing, interpreting, proof-reading and multilingual typesetting services, among others. Our software-as-a-service solutions (“SaaS”) include the Venue Virtual Data Room, the FundSuiteArc software platform, ActiveDisclosure and data and analytics, among others. Substantially all of the Company’s revenue is derived from contracts with an initial expected duration of one year or less. Generally, customer payment is due within ten days upon invoicing. Revenue is recognized upon transfer of control of promised services or products to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those services or products. The Company’s arrangements with customers often include promises to transfer multiple services or products to a customer. Determining whether services and products are considered distinct performance obligations that should be accounted for separately requires significant judgment. Certain customer arrangements have multiple performance obligations as certain promises are both capable of being distinct and are distinct within the context of the contract. Other customer arrangements have a single performance obligation as the promise to transfer the individual goods or services is not separately identifiable from other promises in the contracts, and therefore are not distinct. Revenue for the Company’s services and products is recognized either over time or at a point in time, as outlined below. Over time The Company recognizes revenue for certain services over time. • The Company’s SaaS solutions, including the Venue Virtual Data Room, the FundSuiteArc software platform, ActiveDisclosure, data and analytics and others, are generally provided on a subscription basis and allow customers access to use the products over the contract period. As a result, revenue for SaaS solutions are recognized ratably over time as the customer receives the benefit throughout the contract period. The timing of invoicing varies, however the customer may be invoiced before the end of the contract period, resulting in a deferred revenue balance. • Revenue for warehousing services are recognized ratably over time as the customer receives the benefit throughout the storage period. Point in time All remaining revenue arrangements are generally recognized at a point in time and are primarily invoiced upon completion of all services or upon shipment to the customer. • Certain of these arrangements include multiple performance obligations and revenue is recognized upon completion of each performance obligation, such as when a document is filed with a regulatory agency and upon completion of printing the related document. For arrangements with multiple performance obligations, the transaction price is allocated to the separate performance obligations. The Company provides customer specific solutions and as such, observable standalone selling price is rarely available. Standalone selling price is more frequently determined using an estimate of the standalone selling price of each distinct service or product, taking into consideration historical selling price by customer for each distinct service or product. These estimates may vary from the final amounts invoiced to the customer and are adjusted upon completion of all performance obligations. Customers may be invoiced subsequent to the recognition of revenue for completed performance obligations , resulting in contract asset balances. • Revenue for arrangements which include assisting customers in completing regulatory filings for transactions, such as mergers and acquisitions or other public capital market transactions, is recognized upon completion of all promises, including the services performed and printing of the related document, if applicable. • Revenue for arrangements without a regulatory filing generally have a single performance obligation, as the services and products provided are not distinct within the context of the contract, and are recognized upon completion of the services performed or upon completion of printing of the related product . • Warehousing, fulfillment services and shipping and handling are each separate performance obligations. As a result, when the Company provides warehousing and future fulfillment services, revenue for the composition services performed and printing of the product is recognized upon completion of the performance obligation(s), as control of the inventory has transferred to the customer and the inventory is being stored at the customer’s request. Because substantially all of the Company’s products are customized, product returns are not significant; however, the Company accrues for the estimated amount of customer credits at the time of sale. The Company records deferred revenue when amounts are invoiced but the revenue recognition criteria are not yet met. Such revenue is recognized when all criteria are subsequently met. Certain revenues earned by the Company require significant judgment to determine if revenue should be recorded gross, as a principal, or net of related costs, as an agent. Billings for shipping and handling costs as well as certain postage costs, and out-of-pocket expenses are recorded gross. Revenue is not recognized for customer-supplied postage. The Company’s printing operations process paper that may be supplied directly by customers or may be purchased by the Company from third parties and sold to customers. Revenue is not recognized for customer-supplied paper, however revenues for Company-supplied paper are recognized on a gross basis. Revenue is recognized net of any taxes collected from customers, which are subsequently remitted to authorities.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2018
Revenue Recognition [Abstract]
Impact of Adoption of ASU on Condensed Consolidated Statement of Operations and Condensed Consolidated Balance Sheet	The cumulative effect of the changes made to the Company’s consolidated January 1, 2018 balance sheet for the adoption of ASU 2014-09 were as follows: Balance at December 31, 2017 Adoption of ASU 2014-09 Balance at January 1, 2018 Assets Receivables, less allowances for doubtful accounts $ 165.2 $ 8.9 $ 174.1 Inventories 23.3 (10.6 ) 12.7 Deferred income taxes 22.2 (0.5 ) 21.7 Total assets 893.5 (2.2 ) 891.3 Liabilities Accrued liabilities 119.2 (3.1 ) 116.1 Equity Retained earnings 8.9 0.9 9.8 Total liabilities and equity $ 893.5 $ (2.2 ) $ 891.3 The impact of the adoption of ASU 2014-09 on the Company’s condensed consolidated statement of operations for the three months and six months ended June 30, 2018 and condensed consolidated balance sheet as of June 30, 2018 was as follows: Three Months Ended June 30, 2018 Previous Revenue Standard Adoption of ASU 2014-09 As Reported Services net sales $ 188.9 $ (1.0 ) $ 187.9 Products net sales 101.6 1.1 102.7 Total net sales 290.5 0.1 290.6 Services cost of sales (exclusive of depreciation and amortization) 92.0 — 92.0 Products costs of sales (exclusive of depreciation and amortization) 70.9 2.7 73.6 Total cost of sales 162.9 2.7 165.6 Selling, general and administrative expenses (exclusive of depreciation and amortization) 75.4 (0.3 ) 75.1 Income tax expense (benefit) 9.0 (0.7 ) 8.3 Net earnings $ 20.5 $ (1.6 ) $ 18.9 Earnings per share Basic 0.61 (0.05 ) 0.56 Diluted 0.61 (0.05 ) 0.56 June 30, 2018 Previous Revenue Standard Adoption of ASU 2014-09 As Reported Assets Receivables, less allowances for doubtful accounts $ 242.6 8.7 $ 251.3 Inventories 28.4 (12.1 ) 16.3 Deferred income taxes 19.7 (0.5 ) 19.2 Total assets 933.1 (3.9 ) 929.2 Liabilities Accrued liabilities 100.0 (4.8 ) 95.2 Equity Retained earnings 35.5 0.9 36.4 Total liabilities and equity $ 933.1 (3.9 ) $ 929.2 Six Months Ended June 30, 2018 Previous Revenue Standard Adoption of ASU 2014-09 As Reported Services net sales $ 345.8 $ 1.6 $ 347.4 Products net sales 198.3 0.1 198.4 Total net sales 544.1 1.7 545.8 Services cost of sales (exclusive of depreciation and amortization) 177.5 0.4 177.9 Products costs of sales (exclusive of depreciation and amortization) 145.0 1.3 146.3 Total cost of sales 322.5 1.7 324.2 Selling, general and administrative expenses (exclusive of depreciation and amortization) 141.2 — 141.2 Income tax expense 11.8 — 11.8 Net earnings $ 26.6 $ — $ 26.6 Earnings per share Basic 0.79 — 0.79 Diluted 0.78 — 0.78
Schedule of Disaggregation of Revenue by Reporting Unit and Timing of Revenue Recognition	The following tables disaggregates revenue by reporting unit and timing of revenue recognition for the three and six months ended June 30, 2018: Three Months Ended June 30, 2018 Point in time Over time Total U.S. Capital Markets $ 120.5 $ 24.1 $ 144.6 Investment Markets 73.9 13.4 87.3 Language Solutions and other 10.6 — 10.6 Total U.S. 205.0 37.5 242.5 International 43.3 4.8 48.1 Total net sales $ 248.3 $ 42.3 $ 290.6 Six Months Ended June 30, 2018 Point in time Over time Total U.S. Capital Markets $ 214.0 $ 48.1 $ 262.1 Investment Markets 145.0 26.9 171.9 Language Solutions and other 21.6 — 21.6 Total U.S. 380.6 75.0 455.6 International 81.2 9.0 90.2 Total net sales $ 461.8 $ 84.0 $ 545.8
Changes in Contract Liabilities	Contract liabilities consist of deferred revenue and progress billings which are included in accrued liabilities on the condensed consolidated balance sheet. Changes in contract liabilities were as follows: Balance at January 1, 2018 $ 14.2 Deferral of revenue 22.8 Revenue recognized (23.8 ) Reclassified to liabilities held for sale (1.7 ) Balance at June 30, 2018 $ 11.5

Disposition (Tables)

Disposition (Tables)	6 Months Ended
	Jun. 30, 2018
Discontinued Operations And Disposal Groups [Abstract]
Summary of Aggregate Carrying Amount of Major Class of Assets and Liabilities Held for Sale	The following table presents the aggregate carrying amount of the major classes of assets and liabilities related to the assets and liabilities held for sale as of June 30, 2018: Assets Receivables, less allowances for doubtful accounts $ 20.2 Inventories 1.0 Prepaid expenses and other current assets 0.2 Property, plant and equipment-net 0.7 Goodwill 9.3 Other noncurrent assets 1.4 Total assets $ 32.8 Liabilities Accounts payable $ 2.8 Accrued liabilities 4.0 Other noncurrent liabilities 0.3 Total liabilities $ 7.1

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Components of Inventories	The components of the Company’s inventories, net of excess and obsolescence reserves for raw materials and finished goods, at June 30, 2018 and December 31, 2017 were as follows: June 30, 2018 December 31, 2017 Raw materials and manufacturing supplies $ 4.6 $ 3.3 Work in process 11.7 13.7 Finished goods — 6.3 Total $ 16.3 $ 23.3

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2018
Property Plant And Equipment [Abstract]
Components of Company's Property, Plant and Equipment	The components of the Company’s property, plant and equipment at June 30, 2018 and December 31, 2017 were as follows: June 30, 2018 December 31, 2017 Land $ 10.0 $ 10.0 Buildings 36.0 36.1 Machinery and equipment 103.9 104.0 149.9 150.1 Less: Accumulated depreciation (118.3 ) (115.4 ) Total $ 31.6 $ 34.7

Goodwill and Other Intangible30

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Changes in the Carrying Amount of Goodwill by Segment	The changes in the carrying amount of goodwill by segment for the six months ended June 30, 2018 were as follows: U.S. International Total Net book value as of December 31, 2017 $ 429.2 $ 18.2 $ 447.4 Reclassified to assets held for sale (3.5 ) (5.8 ) (9.3 ) Foreign exchange and other adjustments — (0.7 ) (0.7 ) Net book value as of June 30, 2018 $ 425.7 $ 11.7 $ 437.4
Components of Other Intangible Assets	The components of other intangible assets at June 30, 2018 and December 31, 2017 were as follows: June 30, 2018 December 31, 2017 Gross Gross Carrying Accumulated Net Book Carrying Accumulated Net Amount Amortization Value Amount Amortization Value Customer relationships $ 139.3 $ (106.6 ) $ 32.7 $ 140.6 $ (100.7 ) $ 39.9 Trade names 2.9 (2.9 ) — 2.9 (2.9 ) — Total other intangible assets $ 142.2 $ (109.5 ) $ 32.7 $ 143.5 $ (103.6 ) $ 39.9
Schedule of Estimated Annual Amortization Expense Related to Other Intangible Assets	The following table outlines the estimated annual amortization expense related to other intangible assets as of June 30, 2018: For the year ending December 31, Amount 2018 $ 13.7 2019 13.7 2020 12.2 2021 — 2022 — 2023 and thereafter — Total $ 39.6

Restructuring, Impairment and31

Restructuring, Impairment and Other Charges (Tables)	6 Months Ended
	Jun. 30, 2018
Restructuring And Related Activities [Abstract]
Schedule of Restructuring, Impairment and Other Charges Recognized in Results of Operations	For the three months ended June 30, 2018 and 2017, the Company recorded the following net restructuring, impairment and other charges: Three Months Ended Employee Other Restructuring Total Restructuring June 30, 2018 Terminations Charges Charges Total U.S. $ 0.4 $ 0.2 $ 0.6 $ 0.6 International 1.9 — 1.9 1.9 Corporate 0.1 — 0.1 0.1 Total $ 2.4 $ 0.2 $ 2.6 $ 2.6 Three Months Ended Employee Other Restructuring Total Restructuring June 30, 2017 Terminations Charges Charges Impairment Total U.S. $ 1.0 $ 1.5 $ 2.5 $ 0.2 $ 2.7 International 0.5 — 0.5 — 0.5 Corporate — — — — — Total $ 1.5 $ 1.5 $ 3.0 $ 0.2 $ 3.2 For the six months ended June 30, 2018 and 2017, the Company recorded the following net restructuring, impairment and other charges: Six Months Ended Employee Other Restructuring Total Restructuring Other June 30, 2018 Terminations Charges Charges Charges Total U.S. $ 0.5 $ 0.7 $ 1.2 $ 0.1 $ 1.3 International 1.8 — 1.8 — 1.8 Corporate 0.2 — 0.2 — 0.2 Total $ 2.5 $ 0.7 $ 3.2 $ 0.1 $ 3.3 Six Months Ended Employee Other Restructuring Total Restructuring Other June 30, 2017 Terminations Charges Charges Impairment Charges Total U.S. $ 3.0 $ 1.9 $ 4.9 $ 0.2 $ 0.1 $ 5.2 International 1.2 — 1.2 — — 1.2 Corporate 0.6 — 0.6 — — 0.6 Total $ 4.8 $ 1.9 $ 6.7 $ 0.2 $ 0.1 $ 7.0
Schedule of Changes in the Restructuring Reserve	The restructuring reserve as of December 31, 2017 and June 30, 2018, and changes during the six months ended June 30, 2018, were as follows: December 31, Restructuring Cash June 30, 2017 Charges Reversals Paid 2018 Employee terminations $ 1.3 $ 2.7 $ (0.2 ) $ (1.6 ) $ 2.2 Lease terminations and other 2.1 0.7 — (1.0 ) 1.8 Total $ 3.4 $ 3.4 $ (0.2 ) $ (2.6 ) $ 4.0

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Jun. 30, 2018
Compensation And Retirement Disclosure [Abstract]
Components of Estimated Net Pension Plan Income	The components of the estimated net pension plan income for Donnelley Financial’s pension plans for the three and six months ended June 30, 2018 and 2017 were as follows: Three Months Ended Six Months Ended June 30, June 30, 2018 2017 2018 2017 Pension expense (income) Interest cost $ 2.5 $ 2.6 $ 5.1 $ 5.3 Expected return on assets (4.0 ) (4.0 ) (8.0 ) (8.0 ) Amortization, net 0.7 0.5 1.3 1.0 Net pension income $ (0.8 ) $ (0.9 ) $ (1.6 ) $ (1.7 )

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Schedule of Provision for Income Taxes and Effective Income Tax Rates	The following table presents the provision for income taxes and the effective income tax rates for the three and six months ended June 30, 2018 and 2017: Three Months Ended June 30, 2018 2017 $ Change % Change (in millions, except percentages) Earnings before income taxes $ 27.2 $ 31.9 $ (4.7 ) (14.7 %) Income tax expense 8.3 13.1 (4.8 ) (36.6 %) Effective income tax rate 30.5 % 41.1 % Six Months Ended June 30, 2018 2017 $ Change % Change (in millions, except percentages) Earnings before income taxes $ 38.4 $ 48.0 $ (9.6 ) (20.0 %) Income tax expense 11.8 19.9 (8.1 ) (40.7 %) Effective income tax rate 30.7 % 41.5 %

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Schedule of the Company's Equity Activity	The Company’s equity as of December 31, 2017 and June 30, 2018, and changes during the six months ended June 30, 2018, were as follows: Total Equity Balance at December 31, 2017 $ 149.4 Net earnings 26.6 Other comprehensive income (1.7 ) Adoption of ASU 2014-09 0.9 Share-based compensation 5.1 Issuance of share-based awards, net of withholdings and other 0.5 Balance at June 30, 2018 $ 180.8 The Company’s equity as of December 31, 2016 and June 30, 2017, and changes during the six months ended June 30, 2017, were as follows: Total Equity Balance at December 31, 2016 $ 111.1 Net earnings 28.1 Other comprehensive income 3.1 Separation-related adjustments 3.0 Share-based compensation 3.5 Issuance of common stock 18.8 Issuance of share-based awards, net of withholdings and other (1.0 ) Balance at June 30, 2017 $ 166.6

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator of Basic and Diluted Earnings per Share Calculation and Anti-dilutive Share-based Awards	The reconciliation of the numerator and denominator of the basic and diluted earnings per share calculation and the anti-dilutive share-based awards for the three and six months ended June 30, 2018 and 2017 were as follows: Three Months Ended Six Months Ended June 30, June 30, 2018 2017 2018 2017 Net earnings per share: Basic $ 0.56 $ 0.57 $ 0.79 $ 0.86 Diluted $ 0.56 $ 0.57 $ 0.78 $ 0.86 Numerator: Net earnings $ 18.9 $ 18.8 $ 26.6 $ 28.1 Denominator: Weighted average number of common shares outstanding 33.8 32.7 33.7 32.6 Dilutive awards 0.2 0.2 0.2 0.2 Diluted weighted average number of common shares outstanding 34.0 32.9 33.9 32.8 Weighted average number of anti-dilutive share-based awards: Restricted stock units 0.2 — 0.4 0.1 Stock options 0.6 0.4 0.6 0.3 Total 0.8 0.4 1.0 0.4

Comprehensive Income (Tables)

Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Schedule of Components of Other Comprehensive (Loss) Income and Income Tax Expense Allocated to Each Component	The components of other comprehensive (loss) income and income tax expense allocated to each component for the three and six months ended June 30, 2018 and 2017 were as follows: Three Months Ended Six Months Ended June 30, 2018 June 30, 2018 Before Tax Income Tax Net of Tax Before Tax Income Tax Net of Tax Amount Expense Amount Amount Expense Amount Translation adjustments $ (3.4 ) $ — $ (3.4 ) $ (2.7 ) $ — $ (2.7 ) Adjustment for net periodic pension plan and other postretirement benefits plan cost 0.7 0.2 0.5 1.3 0.3 1.0 Other comprehensive (loss) income $ (2.7 ) $ 0.2 $ (2.9 ) $ (1.4 ) $ 0.3 $ (1.7 ) Three Months Ended Six Months Ended June 30, 2017 June 30, 2017 Before Tax Income Tax Net of Tax Before Tax Income Tax Net of Tax Amount Expense Amount Amount Expense Amount Translation adjustments $ 2.3 $ — $ 2.3 $ 2.4 $ — $ 2.4 Adjustment for net periodic pension plan and other postretirement benefits plan cost 0.5 0.2 0.3 1.0 0.3 0.7 Other comprehensive income $ 2.8 $ 0.2 $ 2.6 $ 3.4 $ 0.3 $ 3.1
Schedule of Changes in Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss by component as of December 31, 2017 and June 30, 2018 were as follows: Pension and Other Postretirement Benefits Plan Cost Translation Adjustments Total Balance at December 31, 2017 $ (52.9 ) $ (11.7 ) $ (64.6 ) Other comprehensive income before reclassifications — (2.7 ) (2.7 ) Amounts reclassified from accumulated other comprehensive loss 1.0 — 1.0 Net change in accumulated other comprehensive loss 1.0 (2.7 ) (1.7 ) Balance at June 30, 2018 $ (51.9 ) $ (14.4 ) $ (66.3 ) Accumulated other comprehensive loss by component as of December 31, 2016 and June 30, 2017 were as follows: Pension and Other Postretirement Benefits Plan Cost Translation Adjustments Total Balance at December 31, 2016 $ (52.2 ) $ (16.1 ) $ (68.3 ) Other comprehensive income before reclassifications — 2.4 2.4 Amounts reclassified from accumulated other comprehensive loss 0.7 — 0.7 Net change in accumulated other comprehensive loss 0.7 2.4 3.1 Balance at June 30, 2017 $ (51.5 ) $ (13.7 ) $ (65.2 )
Reclassifications from Accumulated Other Comprehensive Loss, Amortization of Pension Plan Cost	Reclassifications from accumulated other comprehensive loss for the three and six months ended June 30, 2018 and 2017 were as follows: Three Months Ended Six Months Ended Classification in the Condensed June 30, June 30, Consolidated 2018 2017 2018 2017 Statements of Operations Amortization of pension and other postretirement benefits plan cost: Net actuarial income (loss) $ 0.7 $ 0.5 $ 1.3 $ 1.0 (a) Reclassifications before tax 0.7 0.5 1.3 1.0 Income tax expense 0.2 0.2 0.3 0.3 Reclassifications, net of tax $ 0.5 $ 0.3 $ 1.0 $ 0.7 (a) This accumulated other comprehensive loss component is included in the calculation of net periodic pension and other postretirement benefits plan income recognized in investment and other income in the unaudited condensed consolidated statements of operations (see Note 8, Retirement Plans

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The Company has disclosed income (loss) from operations as the primary measure of segment earnings (loss). This is the measure of profitability used by the Company’s chief operating decision-maker and is most consistent with the presentation of profitability reported within the consolidated financial statements. Income Depreciation Total Intersegment Net from and Capital Sales Sales Sales Operations Amortization Expenditures Three Months Ended June 30, 2018 U.S. $ 246.2 $ (3.7 ) $ 242.5 $ 46.9 $ 9.5 $ 8.3 International 48.5 (0.4 ) 48.1 1.6 1.4 0.8 Total operating segments 294.7 (4.1 ) 290.6 48.5 10.9 9.1 Corporate — — — (12.3 ) 0.2 0.1 Total operations $ 294.7 $ (4.1 ) $ 290.6 $ 36.2 $ 11.1 $ 9.2 Income Depreciation Total Intersegment Net from and Capital Sales Sales Sales Operations Amortization Expenditures Three Months Ended June 30, 2017 U.S. $ 244.0 $ (2.3 ) $ 241.7 $ 48.1 $ 9.5 $ 6.5 International 50.4 (1.9 ) 48.5 5.9 1.4 0.3 Total operating segments 294.4 (4.2 ) 290.2 54.0 10.9 6.8 Corporate — — — (12.0 ) — 0.9 Total operations $ 294.4 $ (4.2 ) $ 290.2 $ 42.0 $ 10.9 $ 7.7 Income Depreciation Total Intersegment Net from Assets of and Capital Sales Sales Sales Operations Operations Amortization Expenditures Six Months Ended June 30, 2018 U.S. $ 460.8 $ (5.2 ) $ 455.6 $ 73.3 $ 726.5 $ 18.4 $ 14.4 International 91.2 (1.0 ) 90.2 4.1 102.9 2.8 0.9 Total operating segments 552.0 (6.2 ) 545.8 77.4 829.4 21.2 15.3 Corporate — — — (21.8 ) 99.8 0.3 0.3 Total operations $ 552.0 $ (6.2 ) $ 545.8 $ 55.6 $ 929.2 $ 21.5 $ 15.6 Income Depreciation Total Intersegment Net from Assets of and Capital Sales Sales Sales Operations Operations Amortization Expenditures Six Months Ended June 30, 2017 U.S. $ 476.9 $ (4.8 ) $ 472.1 $ 85.1 $ 750.1 $ 18.3 $ 10.4 International 87.7 (2.3 ) 85.4 6.1 104.1 2.8 0.7 Total operating segments 564.6 (7.1 ) 557.5 91.2 854.2 21.1 11.1 Corporate — — — (22.8 ) 114.2 — 0.9 Total operations $ 564.6 $ (7.1 ) $ 557.5 $ 68.4 $ 968.4 $ 21.1 $ 12.0

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of the Company's Debt	The Company’s debt as of June 30, 2018 and December 31, 2017 consisted of the following: June 30, December 31, 2018 2017 8.25% senior notes due October 15, 2024 $ 300.0 $ 300.0 Term Loan Credit Facility 168.7 168.6 Borrowings under the Revolving Facility 27.0 — Unamortized debt issuance costs (9.4 ) (10.3 ) Total debt 486.3 458.3 Less: current portion — — Long-term debt $ 486.3 $ 458.3

Guarantor Financial Informati39

Guarantor Financial Information - (Tables)	6 Months Ended
	Jun. 30, 2018
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Guarantor Financial Information Condensed Consolidating Statements of Operations	Condensed Consolidating Statements of Operations For the Three Months Ended June 30, 2018 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Services net sales $ — $ 153.4 $ 37.1 $ (2.6 ) $ 187.9 Products net sales — 92.8 11.4 (1.5 ) 102.7 Total net sales — 246.2 48.5 (4.1 ) 290.6 Services cost of sales (exclusive of depreciation and amortization) — 69.0 25.1 (2.1 ) 92.0 Products cost of sales (exclusive of depreciation and amortization) — 67.8 7.8 (2.0 ) 73.6 Total cost of sales — 136.8 32.9 (4.1 ) 165.6 Selling, general and administrative expenses (exclusive of depreciation and amortization) — 64.4 10.7 — 75.1 Restructuring, impairment and other charges-net — 0.7 1.9 — 2.6 Depreciation and amortization — 9.7 1.4 — 11.1 Income from operations — 34.6 1.6 — 36.2 Interest expense (income)-net 10.1 (0.1 ) (0.2 ) — 9.8 Intercompany interest (income) expense – net (6.7 ) 6.7 — — — Investment and other income-net — (0.8 ) — — (0.8 ) Earnings (loss) before income taxes and equity in net income of subsidiaries (3.4 ) 28.8 1.8 — 27.2 Income tax (benefit) expense (1.0 ) 8.8 0.5 — 8.3 Earnings (loss) before equity in net income of subsidiaries (2.4 ) 20.0 1.3 — 18.9 Equity in net income of subsidiaries 21.3 1.3 — (22.6 ) — Net earnings $ 18.9 $ 21.3 $ 1.3 $ (22.6 ) $ 18.9 Comprehensive income (loss) $ 16.0 $ 18.3 $ (2.2 ) $ (16.1 ) 16.0 Condensed Consolidating Statements of Operations For the Six Months Ended June 30, 2018 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Services net sales $ — $ 282.1 $ 69.2 $ (3.9 ) $ 347.4 Products net sales — 178.7 22.0 (2.3 ) 198.4 Total net sales — 460.8 91.2 (6.2 ) 545.8 Services cost of sales (exclusive of depreciation and amortization) — 136.5 44.7 (3.3 ) 177.9 Products cost of sales (exclusive of depreciation and amortization) — 132.9 16.3 (2.9 ) 146.3 Total cost of sales — 269.4 61.0 (6.2 ) 324.2 Selling, general and administrative expenses (exclusive of depreciation and amortization) — 119.7 21.5 — 141.2 Restructuring, impairment and other charges-net — 1.5 1.8 — 3.3 Depreciation and amortization — 18.7 2.8 — 21.5 Income from operations — 51.5 4.1 — 55.6 Interest expense (income)-net 19.3 (0.3 ) (0.2 ) — 18.8 Intercompany interest (income) expense - net (13.3 ) 13.3 — — — Investment and other income-net — (1.6 ) — — (1.6 ) Earnings (loss) before income taxes and equity in net income of subsidiaries (6.0 ) 40.1 4.3 — 38.4 Income tax (benefit) expense (1.8 ) 12.3 1.3 — 11.8 Earnings (loss) before equity in net income of subsidiaries (4.2 ) 27.8 3.0 — 26.6 Equity in net income of subsidiaries 30.8 3.0 — (33.8 ) — Net earnings (loss) $ 26.6 $ 30.8 $ 3.0 $ (33.8 ) $ 26.6 Comprehensive income (loss) $ 24.9 $ 29.1 $ 0.2 $ (29.3 ) $ 24.9 Condensed Consolidating Statements of Operations For the Three Months Ended June 30, 2017 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Services net sales $ — $ 145.8 $ 34.1 $ (2.8 ) $ 177.1 Products net sales — 98.2 16.3 (1.4 ) 113.1 Total net sales — 244.0 50.4 (4.2 ) 290.2 Services cost of sales (exclusive of depreciation and amortization) — 62.0 21.3 (2.5 ) 80.8 Services cost of sales with R.R. Donnelley affiliates (exclusive of depreciation and amortization)* — 9.0 0.5 0.1 9.6 Products cost of sales (exclusive of depreciation and amortization) — 61.6 9.0 (1.8 ) 68.8 Products cost of sales with R.R. Donnelley affiliates (exclusive of depreciation and amortization)* — 11.4 2.1 — 13.5 Total cost of sales — 144.0 32.9 (4.2 ) 172.7 Selling, general and administrative expenses (exclusive of depreciation and amortization) — 51.7 9.7 — 61.4 Restructuring, impairment and other charges-net — 2.7 0.5 — 3.2 Depreciation and amortization — 9.5 1.4 — 10.9 Income from operations — 36.1 5.9 — 42.0 Interest expense-net 11.2 (0.2 ) — — 11.0 Investment and other income-net — (0.9 ) — — (0.9 ) Earnings before income taxes and equity in net income of subsidiaries (11.2 ) 37.2 5.9 — 31.9 Income tax expense (4.6 ) 15.2 2.5 — 13.1 Earnings before equity in net income of subsidiaries (6.6 ) 22.0 3.4 — 18.8 Equity in net income of subsidiaries 25.4 3.4 — (28.8 ) — Net earnings (loss) $ 18.8 $ 25.4 $ 3.4 $ (28.8 ) $ 18.8 Comprehensive income (loss) $ 21.4 $ 28.0 $ 5.7 $ (33.7 ) $ 21.4 *Beginning in the quarter ended June 30, 2017, LSC no longer qualified as a related party, therefore the amounts disclosed related to LSC are presented through March 31, 2017 only. Beginning in the quarter ended September 30, 2017, RRD no longer qualified as a related party, therefore the amounts disclosed related to RRD are presented through June 30, 2017 only. Condensed Consolidating Statements of Operations For the Six Months Ended June 30, 2017 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated Services net sales $ — $ 274.4 $ 61.1 $ (4.4 ) $ 331.1 Products net sales — 202.5 26.6 (2.7 ) 226.4 Total net sales — 476.9 87.7 (7.1 ) 557.5 Services cost of sales (exclusive of depreciation and amortization) — 123.3 39.2 (4.0 ) 158.5 Services cost of sales with R.R. Donnelley affiliates (exclusive of depreciation and amortization)* — 18.4 1.0 0.1 19.5 Products cost of sales (exclusive of depreciation and amortization) — 118.6 16.4 (3.2 ) 131.8 Products cost of sales with R.R. Donnelley affiliates (exclusive of depreciation and amortization)* — 30.1 2.2 — 32.3 Total cost of sales — 290.4 58.8 (7.1 ) 342.1 Selling, general and administrative expenses (exclusive of depreciation and amortization) — 100.1 18.8 — 118.9 Restructuring, impairment and other charges-net — 5.8 1.2 — 7.0 Depreciation and amortization — 18.3 2.8 — 21.1 Income from operations — 62.3 6.1 — 68.4 Interest expense-net 22.5 (0.4 ) — — 22.1 Investment and other income-net — (1.7 ) — — (1.7 ) Earnings before income taxes and equity in net income of subsidiaries (22.5 ) 64.4 6.1 — 48.0 Income tax expense (9.3 ) 26.6 2.6 — 19.9 Earnings before equity in net income of subsidiaries (13.2 ) 37.8 3.5 — 28.1 Equity in net income of subsidiaries 41.3 3.5 — (44.8 ) — Net earnings (loss) $ 28.1 $ 41.3 $ 3.5 $ (44.8 ) $ 28.1 Comprehensive income (loss) $ 31.2 $ 44.4 $ 5.9 $ (50.3 ) $ 31.2 *Beginning in the quarter ended June 30, 2017, LSC no longer qualified as a related party, therefore the amounts disclosed related to LSC are presented through March 31, 2017 only. Beginning in the quarter ended September 30, 2017, RRD no longer qualified as a related party, therefore the amounts disclosed related to RRD are presented through June 30, 2017 only.
Guarantor Financial Information Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet As of June 30, 2018 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 2.3 $ 9.5 $ — $ 11.8 Receivables, less allowances — 212.4 38.9 — 251.3 Intercompany receivables — 83.0 — (83.0 ) — Intercompany short-term note receivable-net — — 18.5 (18.5 ) — Inventories — 12.1 4.2 — 16.3 Prepaid expenses and other current assets — 14.2 3.0 (0.8 ) 16.4 Assets held for sale — 12.4 20.4 — 32.8 Total current assets — 336.4 94.5 (102.3 ) 328.6 Property, plant and equipment-net — 28.8 2.8 — 31.6 Goodwill — 425.7 11.7 — 437.4 Other intangible assets-net — 26.8 5.9 — 32.7 Software-net — 43.2 — — 43.2 Deferred income taxes — 38.3 4.3 (23.4 ) 19.2 Intercompany long-term note receivable 376.0 — — (376.0 ) — Other noncurrent assets 3.0 29.4 4.1 — 36.5 Investments in consolidated subsidiaries 391.8 84.7 — (476.5 ) — Total assets $ 770.8 $ 1,013.3 $ 123.3 $ (978.2 ) $ 929.2 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable $ — $ 65.9 $ 11.2 $ — $ 77.1 Intercompany payables 76.9 — 6.1 (83.0 ) — Intercompany short-term note payable-net 18.5 — — (18.5 ) — Accrued liabilities 6.0 75.6 14.4 (0.8 ) 95.2 Liabilities held for sale — 3.0 4.1 — 7.1 Total current liabilities 101.4 144.5 35.8 (102.3 ) 179.4 Long-term debt 486.3 — — — 486.3 Intercompany long-term note payable — 376.0 — (376.0 ) — Deferred compensation liabilities — 22.1 — — 22.1 Pension and other postretirement benefits plan liabilities — 48.2 1.1 — 49.3 Other noncurrent liabilities 2.3 30.7 1.7 (23.4 ) 11.3 Total liabilities 590.0 621.5 38.6 (501.7 ) 748.4 Total equity 180.8 391.8 84.7 (476.5 ) 180.8 Total liabilities and equity $ 770.8 $ 1,013.3 $ 123.3 $ (978.2 ) $ 929.2 Condensed Consolidating Balance Sheet As of December 31, 2017 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ 8.3 $ 27.9 $ 15.8 $ — $ 52.0 Receivables, less allowances — 131.3 33.9 — 165.2 Intercompany receivables — 146.4 — (146.4 ) — Intercompany short-term note receivable-net — — 30.0 (30.0 ) — Inventories — 21.3 2.0 — 23.3 Prepaid expenses and other current assets 37.1 14.8 2.8 (25.1 ) 29.6 Total current assets 45.4 341.7 84.5 (201.5 ) 270.1 Property, plant and equipment-net — 31.2 3.5 — 34.7 Goodwill — 429.2 18.2 — 447.4 Other intangible assets-net — 32.4 7.5 — 39.9 Software-net — 40.6 0.5 — 41.1 Deferred income taxes — 40.5 3.4 (21.7 ) 22.2 Other noncurrent assets 3.4 30.0 4.7 — 38.1 Investments in consolidated subsidiaries 728.4 85.2 — (813.6 ) — Total assets $ 777.2 $ 1,030.8 $ 122.3 $ (1,036.8 ) $ 893.5 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable $ — $ 57.9 $ 9.9 $ — $ 67.8 Intercompany payable 139.5 — 6.9 (146.4 ) — Intercompany short-term note payable-net 30.0 — — (30.0 ) — Accrued liabilities — 127.6 16.7 (25.1 ) 119.2 Total current liabilities 169.5 185.5 33.5 (201.5 ) 187.0 Long-term debt 458.3 — — — 458.3 Deferred compensation liabilities — 22.8 — — 22.8 Pension and other postretirement benefits plan liabilities — 51.3 1.2 — 52.5 Other noncurrent liabilities — 42.8 2.4 (21.7 ) 23.5 Total liabilities 627.8 302.4 37.1 (223.2 ) 744.1 Total equity 149.4 728.4 85.2 (813.6 ) 149.4 Total liabilities and equity $ 777.2 $ 1,030.8 $ 122.3 $ (1,036.8 ) $ 893.5
Guarantor Financial Information Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2018 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated OPERATING ACTIVITIES Net cash used in operating activities $ (24.2 ) $ (10.3 ) $ (15.7 ) $ — $ (50.2 ) INVESTING ACTIVITIES Capital expenditures — (14.7 ) (0.9 ) — (15.6 ) Intercompany note receivable, net — — 11.5 (11.5 ) — Other investing activities — (0.6 ) — 0.6 — Net cash (used in) provided by investing activities — (15.3 ) 10.6 (10.9 ) (15.6 ) FINANCING ACTIVITIES Revolving facility borrowings 206.5 — — — 206.5 Payments on revolving facility borrowings (179.5 ) — — — (179.5 ) Intercompany note payable, net (11.5 ) — — 11.5 — Proceeds from the issuance of common stock 1.2 — — — 1.2 Treasury stock repurchases (0.8 ) — — — (0.8 ) Other financing activities — — 0.6 (0.6 ) — Net cash provided by financing activities 15.9 — 0.6 10.9 27.4 Effect of exchange rate on cash and cash equivalents — — (1.8 ) — (1.8 ) Net decrease in cash and cash equivalents (8.3 ) (25.6 ) (6.3 ) — (40.2 ) Cash and cash equivalents at beginning of year 8.3 27.9 15.8 — 52.0 Cash and cash equivalents at end of period $ — $ 2.3 $ 9.5 $ — $ 11.8 Supplemental non-cash disclosure: Intercompany debt allocation $ (376.0 ) $ 376.0 $ — $ — $ — Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2017 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated OPERATING ACTIVITIES Net cash (used in) provided by operating activities $ (35.5 ) $ 12.4 $ (1.2 ) $ (15.1 ) $ (39.4 ) INVESTING ACTIVITIES Capital expenditures — (11.3 ) (0.7 ) — (12.0 ) Purchase of investment — (3.4 ) — — (3.4 ) Other investing activities — 0.2 — — 0.2 Net cash used in investing activities — (14.5 ) (0.7 ) — (15.2 ) FINANCING ACTIVITIES Revolving facility borrowings 174.0 — — — 174.0 Payments on revolving facility borrowings (169.0 ) — — — (169.0 ) Payments on current maturities and long-term debt (68.0 ) — — — (68.0 ) Debt issuance costs (1.5 ) — — — (1.5 ) Separation-related payment from R.R. Donnelley 68.0 — — — 68.0 Proceeds from the issuance of common stock 18.8 — — — 18.8 Net transfers related to the Separation 3.0 — — — 3.0 Net change in short-term debt 1.0 — — — 1.0 Intercompany note payable (receivable) 9.2 — (9.2 ) — — Net cash provided by (used in) financing activities 35.5 — (9.2 ) — 26.3 Effect of exchange rate on cash and cash equivalents — — 0.2 — 0.2 Net increase (decrease) in cash and cash equivalents — (2.1 ) (10.9 ) (15.1 ) (28.1 ) Cash and cash equivalents at beginning of year — 21.8 16.8 (2.4 ) 36.2 Cash and cash equivalents at end of period $ — $ 19.7 $ 5.9 $ (17.5 ) $ 8.1

Overview and Basis of Present40

Overview and Basis of Presentation - Additional Information (Details) - USD ($) shares in Millions, $ in Millions	Aug. 04, 2017	Jun. 21, 2017	Mar. 28, 2017	Oct. 01, 2016	Jun. 30, 2018	Jun. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Distribution of common shares during spinoff				26.2
Percentage of distribution of common shares during spinoff				80.75%
Description of distribution of common shares during spinoff					Holders of RRD common stock received one share of Donnelley Financial common stock for every eight shares of RRD common stock held on September 23, 2016.
Proceeds from the issuance of common stock					$ 1.2	$ 18.8
R.R. Donnelley & Sons Company
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of common stock retained		0.1		6.2
Ownership percentage				19.25%
Underwritten Public Offering | R.R. Donnelley & Sons Company
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of common stock sold	0.1	6.1	6.2
Proceeds from the issuance of common stock		$ 18.8
Underwritten Public Offering | R.R. Donnelley & Sons Company | Common Stock
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Stock issued upon exercise of underwriters options		0.9

Revenue - Additional Informatio

Revenue - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jan. 01, 2018
Revenue Recognition [Abstract]
Period due on customer payment upon invoicing	10 days
Contract assets	$ 9	$ 9
Invoiced to customers amount that exceeded estimates of standalone selling price	$ 0.7

Revenue - Cumulative Effect of

Revenue - Cumulative Effect of Changes Made to Consolidated Balance Sheet for Adoption of ASU (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jan. 01, 2018	Dec. 31, 2017	Jun. 30, 2017
ASSETS
Receivables, less allowances for doubtful accounts	$ 251.3		$ 165.2
Inventories	16.3		23.3
Deferred income taxes	19.2		22.2
Total assets	929.2		893.5	$ 968.4
LIABILITIES
Accrued liabilities	95.2		119.2
EQUITY
Retained earnings	36.4		8.9
Total liabilities and equity	929.2		$ 893.5
ASU 2014-09
ASSETS
Receivables, less allowances for doubtful accounts		$ 174.1
Inventories		12.7
Deferred income taxes		21.7
Total assets		891.3
LIABILITIES
Accrued liabilities		116.1
EQUITY
Retained earnings		9.8
Total liabilities and equity		891.3
Adoption of ASU 2014-09 | ASU 2014-09
ASSETS
Receivables, less allowances for doubtful accounts	8.7	8.9
Inventories	(12.1)	(10.6)
Deferred income taxes	(0.5)	(0.5)
Total assets	(3.9)	(2.2)
LIABILITIES
Accrued liabilities	(4.8)	(3.1)
EQUITY
Retained earnings	0.9	0.9
Total liabilities and equity	$ (3.9)	$ (2.2)

Revenue - Impact of Adoption of

Revenue - Impact of Adoption of ASU on Condensed Consolidated Statement of Operations (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Total net sales	$ 290.6	$ 290.2	$ 545.8	$ 557.5
Services cost of sales (exclusive of depreciation and amortization)	92	80.8	177.9	158.5
Products cost of sales (exclusive of depreciation and amortization)	73.6	68.8	146.3	131.8
Total cost of sales	165.6	172.7	324.2	342.1
Selling, general and administrative expenses (exclusive of depreciation and amortization)	75.1	61.4	141.2	118.9
Income tax expense	8.3	13.1	11.8	19.9
Net earnings	$ 18.9	$ 18.8	$ 26.6	$ 28.1
Net earnings per share (Note 11):
Basic net earnings per share	$ 0.56	$ 0.57	$ 0.79	$ 0.86
Diluted net earnings per share	$ 0.56	$ 0.57	$ 0.78	$ 0.86
Previous Revenue Standard | ASU 2014-09
Total net sales	$ 290.5		$ 544.1
Services cost of sales (exclusive of depreciation and amortization)	92		177.5
Products cost of sales (exclusive of depreciation and amortization)	70.9		145
Total cost of sales	162.9		322.5
Selling, general and administrative expenses (exclusive of depreciation and amortization)	75.4		141.2
Income tax expense	9		11.8
Net earnings	$ 20.5		$ 26.6
Net earnings per share (Note 11):
Basic net earnings per share	$ 0.61		$ 0.79
Diluted net earnings per share	$ 0.61		$ 0.78
Adoption of ASU 2014-09
Total net sales	$ 0.1		$ 1.7
Services cost of sales (exclusive of depreciation and amortization)			0.4
Products cost of sales (exclusive of depreciation and amortization)	2.7		1.3
Total cost of sales	2.7		1.7
Selling, general and administrative expenses (exclusive of depreciation and amortization)	(0.3)
Income tax expense	(0.7)
Net earnings	$ (1.6)
Net earnings per share (Note 11):
Basic net earnings per share	$ (0.05)
Diluted net earnings per share	$ (0.05)
Services Net Sales
Total net sales	$ 187.9	$ 177.1	347.4	$ 331.1
Services Net Sales | Previous Revenue Standard | ASU 2014-09
Total net sales	188.9		345.8
Services Net Sales | Adoption of ASU 2014-09
Total net sales	(1)		1.6
Products Net Sales
Total net sales	102.7	$ 113.1	198.4	$ 226.4
Products Net Sales | Previous Revenue Standard | ASU 2014-09
Total net sales	101.6		198.3
Products Net Sales | Adoption of ASU 2014-09
Total net sales	$ 1.1		$ 0.1

Revenue - Impact of Adoption 44

Revenue - Impact of Adoption of ASU on Condensed Consolidated Balance Sheet (Details) - USD ($) $ in Millions	Jun. 30, 2018	Jan. 01, 2018	Dec. 31, 2017	Jun. 30, 2017
ASSETS
Receivables, less allowances for doubtful accounts	$ 251.3		$ 165.2
Inventories	16.3		23.3
Deferred income taxes	19.2		22.2
Total assets	929.2		893.5	$ 968.4
LIABILITIES
Accrued liabilities	95.2		119.2
EQUITY
Retained earnings	36.4		8.9
Total liabilities and equity	929.2		$ 893.5
ASU 2014-09
ASSETS
Receivables, less allowances for doubtful accounts		$ 174.1
Inventories		12.7
Deferred income taxes		21.7
Total assets		891.3
LIABILITIES
Accrued liabilities		116.1
EQUITY
Retained earnings		9.8
Total liabilities and equity		891.3
Previous Revenue Standard
ASSETS
Receivables, less allowances for doubtful accounts	242.6
Inventories	28.4
Deferred income taxes	19.7
Total assets	933.1
LIABILITIES
Accrued liabilities	100
EQUITY
Retained earnings	35.5
Total liabilities and equity	933.1
Adoption of ASU 2014-09 | ASU 2014-09
ASSETS
Receivables, less allowances for doubtful accounts	8.7	8.9
Inventories	(12.1)	(10.6)
Deferred income taxes	(0.5)	(0.5)
Total assets	(3.9)	(2.2)
LIABILITIES
Accrued liabilities	(4.8)	(3.1)
EQUITY
Retained earnings	0.9	0.9
Total liabilities and equity	$ (3.9)	$ (2.2)

Revenue - Schedule of Disaggreg

Revenue - Schedule of Disaggregation of Revenue by Reporting Unit and Timing of Revenue Recognition (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Total net sales	$ 290.6	$ 545.8
U.S.
Total net sales	242.5	455.6
International
Total net sales	48.1	90.2
Capital Markets | U.S.
Total net sales	144.6	262.1
Investment Markets | U.S.
Total net sales	87.3	171.9
Language Solutions And Other | U.S.
Total net sales	10.6	21.6
Point in time
Total net sales	248.3	461.8
Point in time | U.S.
Total net sales	205	380.6
Point in time | International
Total net sales	43.3	81.2
Point in time | Capital Markets | U.S.
Total net sales	120.5	214
Point in time | Investment Markets | U.S.
Total net sales	73.9	145
Point in time | Language Solutions And Other | U.S.
Total net sales	10.6	21.6
Over time
Total net sales	42.3	84
Over time | U.S.
Total net sales	37.5	75
Over time | International
Total net sales	4.8	9
Over time | Capital Markets | U.S.
Total net sales	24.1	48.1
Over time | Investment Markets | U.S.
Total net sales	$ 13.4	$ 26.9

Revenue - Changes in Contract L

Revenue - Changes in Contract Liabilities (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
Statement Of Financial Position [Abstract]
Balance beginning	$ 14.2
Deferral of revenue	22.8
Revenue recognized	(23.8)
Reclassified to liabilities held for sale	(1.7)
Balance ending	$ 11.5

Disposition - Additional Inform

Disposition - Additional Information (Details) - Subsequent Event - Discontinued Operations, Disposed of by Sale - Language Solutions $ in Millions	Jul. 16, 2018USD ($)
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Definitive agreement date	Jul. 16, 2018
Proceeds from divestiture of Business	$ 77.5
Definitive agreement transaction closing date	Jul. 22, 2018

Disposition - Summary of Aggreg

Disposition - Summary of Aggregate Carrying Amount of Major Class of Assets and Liabilities Held for Sale (Details) - Discontinued Operations, Disposed of by Sale - Language Solutions $ in Millions	Jun. 30, 2018USD ($)
Assets
Receivables, less allowances for doubtful accounts	$ 20.2
Inventories	1
Prepaid expenses and other current assets	0.2
Property, plant and equipment-net	0.7
Goodwill	9.3
Other noncurrent assets	1.4
Total assets	32.8
Liabilities
Accounts payable	2.8
Accrued liabilities	4
Other noncurrent liabilities	0.3
Total liabilities	$ 7.1

Inventories - Components of Inv

Inventories - Components of Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Inventory Net [Abstract]
Raw materials and manufacturing supplies	$ 4.6	$ 3.3
Work in process	11.7	13.7
Finished goods	0	6.3
Total	$ 16.3	$ 23.3

Property, Plant and Equipment -

Property, Plant and Equipment - Components of Company's Property, Plant and Equipment (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 149.9	$ 150.1
Less: Accumulated depreciation	(118.3)	(115.4)
Total	31.6	34.7
Land
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	10	10
Buildings
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	36	36.1
Machinery and Equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 103.9	$ 104

Property, Plant and Equipment51

Property, Plant and Equipment - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Property Plant And Equipment [Abstract]
Depreciation expense	$ 1.9	$ 1.8	$ 3.8	$ 3.1

Goodwill and Other Intangible52

Goodwill and Other Intangible Assets - Schedule of Changes in the Carrying Amount of Goodwill by Segment (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
Goodwill [Line Items]
Goodwill net book value, beginning balance	$ 447.4
Reclassified to assets held for sale	(9.3)
Foreign exchange and other adjustments	(0.7)
Goodwill net book value, ending balance	437.4
U.S.
Goodwill [Line Items]
Goodwill net book value, beginning balance	429.2
Reclassified to assets held for sale	(3.5)
Foreign exchange and other adjustments	0
Goodwill net book value, ending balance	425.7
International
Goodwill [Line Items]
Goodwill net book value, beginning balance	18.2
Reclassified to assets held for sale	(5.8)
Foreign exchange and other adjustments	(0.7)
Goodwill net book value, ending balance	$ 11.7

Goodwill and Other Intangible53

Goodwill and Other Intangible Assets - Components of Other Intangible Assets (Detail) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 142.2	$ 143.5
Accumulated Amortization	(109.5)	(103.6)
Net Book Value	32.7	39.9
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	139.3	140.6
Accumulated Amortization	(106.6)	(100.7)
Net Book Value	32.7	39.9
Trade Names
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	2.9	2.9
Accumulated Amortization	(2.9)	(2.9)
Net Book Value	$ 0	$ 0

Goodwill and Other Intangible54

Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization expense for other intangible assets	$ 3.5	$ 3.5	$ 6.9	$ 7.1

Goodwill and Other Intangible55

Goodwill and Other Intangible Assets - Schedule of Estimated Annual Amortization Expense Related to Other Intangible Assets (Detail) $ in Millions	Jun. 30, 2018USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2,018	$ 13.7
2,019	13.7
2,020	12.2
2,021	0
2,022	0
2023 and thereafter	0
Total	$ 39.6

Restructuring, Impairment and56

Restructuring, Impairment and Other Charges - Schedule of Restructuring, Impairment and Other Charges Recognized in Results of Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Restructuring Cost And Reserve [Line Items]
Employee Terminations	$ 2.4	$ 1.5	$ 2.5	$ 4.8
Other Restructuring Charges	0.2	1.5	0.7	1.9
Total Restructuring Charges	2.6	3	3.2	6.7
Other Charges			0.1	0.1
Impairment		0.2	0	0.2
Total	2.6	3.2	3.3	7
U.S.
Restructuring Cost And Reserve [Line Items]
Employee Terminations	0.4	1	0.5	3
Other Restructuring Charges	0.2	1.5	0.7	1.9
Total Restructuring Charges	0.6	2.5	1.2	4.9
Other Charges			0.1	0.1
Impairment		0.2		0.2
Total	0.6	2.7	1.3	5.2
International
Restructuring Cost And Reserve [Line Items]
Employee Terminations	1.9	0.5	1.8	1.2
Other Restructuring Charges	0	0	0	0
Total Restructuring Charges	1.9	0.5	1.8	1.2
Other Charges			0	0
Impairment		0		0
Total	1.9	0.5	1.8	1.2
Corporate
Restructuring Cost And Reserve [Line Items]
Employee Terminations	0.1	0	0.2	0.6
Other Restructuring Charges	0	0	0	0
Total Restructuring Charges	0.1	0	0.2	0.6
Other Charges			0	0
Impairment		0		0
Total	$ 0.1	$ 0	$ 0.2	$ 0.6

Restructuring, Impairment and57

Restructuring, Impairment and Other Charges - Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)Employee	Jun. 30, 2017USD ($)Employee	Jun. 30, 2018USD ($)Employee	Jun. 30, 2017USD ($)Employee
Restructuring And Related Activities [Abstract]
Employee termination costs	$ 2.4	$ 1.5	$ 2.5	$ 4.8
Number of employees used to determine employee termination costs | Employee	47	148	47	148
Other restructuring charges	$ 0.2	$ 1.5	$ 0.7	$ 1.9
Impairment charges		$ 0.2	$ 0	$ 0.2

Restructuring, Impairment and58

Restructuring, Impairment and Other Charges - Schedule of Changes in the Restructuring Reserve (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
Restructuring Cost And Reserve [Line Items]
Balance at the beginning	$ 3.4
Restructuring Charges	3.4
Reversals	(0.2)
Cash Paid	(2.6)
Balance at the end	4
Employee terminations
Restructuring Cost And Reserve [Line Items]
Balance at the beginning	1.3
Restructuring Charges	2.7
Reversals	(0.2)
Cash Paid	(1.6)
Balance at the end	2.2
Lease terminations and other
Restructuring Cost And Reserve [Line Items]
Balance at the beginning	2.1
Restructuring Charges	0.7
Reversals	0
Cash Paid	(1)
Balance at the end	$ 1.8

Restructuring, Impairment and59

Restructuring, Impairment and Other Charges - Restructuring Reserve - Additional Information (Details) $ in Millions	Jun. 30, 2018USD ($)
Accrued Liabilities
Restructuring Cost And Reserve [Line Items]
Current restructuring reserve (included in accrued liabilities)	$ 3.4
Contract Termination | Other Noncurrent Liabilities
Restructuring Cost And Reserve [Line Items]
Noncurrent restructuring reserve (included in other noncurrent liabilities)	$ 0.6

Retirement Plans - Components o

Retirement Plans - Components of Estimated Net Pension Plan Income (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Pension expense (income)
Net pension income			$ (1.6)	$ (1.7)
Pension Plan
Pension expense (income)
Interest cost	$ 2.5	$ 2.6	5.1	5.3
Expected return on assets	(4)	(4)	(8)	(8)
Amortization, net	0.7	0.5	1.3	1
Net pension income	$ (0.8)	$ (0.9)	$ (1.6)	$ (1.7)

Income Taxes - Schedule of Prov

Income Taxes - Schedule of Provision for Income Taxes and Effective Income Tax Rates (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Earnings before income taxes	$ 27.2	$ 31.9	$ 38.4	$ 48
Income tax expense	$ 8.3	$ 13.1	$ 11.8	$ 19.9
Effective income tax rate	30.50%	41.10%	30.70%	41.50%
Earnings before income taxes, $ Change	$ (4.7)		$ (9.6)
Income tax expense, $ Change	$ (4.8)		$ (8.1)
Earnings before income taxes, % Change	(14.70%)		(20.00%)
Income tax expense, % Change	(36.60%)		(40.70%)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Cash payments (net of refunds) for income taxes	$ 3.9		$ 11.6	$ 6.1	$ 12.9
Effective income tax rate	30.50%		41.10%	30.70%	41.50%
Income tax rate	21.00%					35.00%
Measurement period adjustment, decrease in transition tax liability		$ 0.4
One-time transition tax on foreign subsidiaries' untaxed accumulated earnings, state income tax benefit		$ 0.4

Equity - Schedule of the Compan

Equity - Schedule of the Company's Equity Activity (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Equity [Abstract]
Balance			$ 149.4	$ 111.1
Net earnings	$ 18.9	$ 18.8	26.6	28.1
Other comprehensive income	(2.9)	2.6	(1.7)	3.1
Separation-related adjustments				3
Adoption of ASU 2014-09			0.9
Share-based compensation			5.1	3.5
Issuance of common stock				18.8
Issuance of share-based awards, net of withholdings and other			0.5	(1)
Balance	$ 180.8	$ 166.6	$ 180.8	$ 166.6

Earnings per Share - Reconcilia

Earnings per Share - Reconciliation of Numerator and Denominator of Basic and Diluted Earnings per Share Calculation and Anti-dilutive Share-based Awards (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share Basic And Diluted [Line Items]
Basic	$ 0.56	$ 0.57	$ 0.79	$ 0.86
Diluted	$ 0.56	$ 0.57	$ 0.78	$ 0.86
Net earnings	$ 18.9	$ 18.8	$ 26.6	$ 28.1
Weighted average number of common shares outstanding	33.8	32.7	33.7	32.6
Dilutive awards	0.2	0.2	0.2	0.2
Diluted weighted average number of common shares outstanding	34	32.9	33.9	32.8
Total weighted average number of anti-dilutive share-based awards	0.8	0.4	1	0.4
Restricted stock units
Earnings Per Share Basic And Diluted [Line Items]
Total weighted average number of anti-dilutive share-based awards	0.2	0	0.4	0.1
Stock options
Earnings Per Share Basic And Diluted [Line Items]
Total weighted average number of anti-dilutive share-based awards	0.6	0.4	0.6	0.3

Comprehensive Income - Schedule

Comprehensive Income - Schedule of Components of Other Comprehensive (Loss) Income and Income Tax Expense Allocated to Each Component (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income, Before Tax Amount	$ (2.7)	$ 2.8	$ (1.4)	$ 3.4
Other comprehensive (loss) income, Income Tax Expense	0.2	0.2	0.3	0.3
Other comprehensive (loss) income, net of tax	(2.9)	2.6	(1.7)	3.1
Translation adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income, Before Tax Amount	(3.4)	2.3	(2.7)	2.4
Other comprehensive (loss) income, Income Tax Expense	0	0	0	0
Other comprehensive (loss) income, net of tax	(3.4)	2.3	(2.7)	2.4
Adjustment for Net Periodic Pension Plan and Other Postretirement Benefits Plan Cost
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive (loss) income, Before Tax Amount	0.7	0.5	1.3	1
Other comprehensive (loss) income, Income Tax Expense	0.2	0.2	0.3	0.3
Other comprehensive (loss) income, net of tax	$ 0.5	$ 0.3	$ 1	$ 0.7

Comprehensive Income - Schedu66

Comprehensive Income - Schedule of Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	$ 149.4	$ 111.1
Balance	180.8	166.6
Pension and Other Postretirement Benefits Plan Cost
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(52.9)	(52.2)
Other comprehensive income before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive loss	1	0.7
Net change in accumulated other comprehensive loss	1	0.7
Balance	(51.9)	(51.5)
Translation adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(11.7)	(16.1)
Other comprehensive income before reclassifications	(2.7)	2.4
Amounts reclassified from accumulated other comprehensive loss	0	0
Net change in accumulated other comprehensive loss	(2.7)	2.4
Balance	(14.4)	(13.7)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(64.6)	(68.3)
Other comprehensive income before reclassifications	(2.7)	2.4
Amounts reclassified from accumulated other comprehensive loss	1	0.7
Net change in accumulated other comprehensive loss	(1.7)	3.1
Balance	$ (66.3)	$ (65.2)

Comprehensive Income - Reclassi

Comprehensive Income - Reclassifications from Accumulated Other Comprehensive Loss Amortization of Pension Plan Cost (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Accumulated Defined Benefit Plans Adjustment, Net Actuarial Income (loss)
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amortization of pension and other postretirement benefits plan cost: Reclassifications before tax	[1]	$ 0.7	$ 0.5	$ 1.3	$ 1
Pension and Other Postretirement Benefits Plan Cost
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amortization of pension and other postretirement benefits plan cost: Reclassifications before tax		0.7	0.5	1.3	1
Income tax expense		0.2	0.2	0.3	0.3
Reclassifications, net of tax		$ 0.5	$ 0.3	$ 1	$ 0.7
[1]	This accumulated other comprehensive loss component is included in the calculation of net periodic pension and other postretirement benefits plan income recognized in investment and other income in the unaudited condensed consolidated statements of operations (see Note 8, Retirement Plans

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Net Sales	$ 290.6	$ 290.2	$ 545.8	$ 557.5
Assets of Operations	929.2	968.4	929.2	968.4	$ 893.5
Income (Loss) from Operations	36.2	42	55.6	68.4
Depreciation and amortization	11.1	10.9	21.5	21.1
Capital Expenditures	9.2	7.7	15.6	12
Total Operating Segments
Segment Reporting Information [Line Items]
Net Sales	294.7	294.4	552	564.6
Assets of Operations	829.4	854.2	829.4	854.2
Income (Loss) from Operations	48.5	54	77.4	91.2
Depreciation and amortization	10.9	10.9	21.2	21.1
Capital Expenditures	9.1	6.8	15.3	11.1
Intersegment Sales
Segment Reporting Information [Line Items]
Net Sales	(4.1)	(4.2)	(6.2)	(7.1)
Corporate
Segment Reporting Information [Line Items]
Assets of Operations	99.8	114.2	99.8	114.2
Income (Loss) from Operations	(12.3)	(12)	(21.8)	(22.8)
Depreciation and amortization	0.2	0	0.3	0
Capital Expenditures	0.1	0.9	0.3	0.9
U.S.
Segment Reporting Information [Line Items]
Net Sales	242.5	241.7	455.6	472.1
U.S. | Total Operating Segments
Segment Reporting Information [Line Items]
Net Sales	246.2	244	460.8	476.9
Assets of Operations	726.5	750.1	726.5	750.1
Income (Loss) from Operations	46.9	48.1	73.3	85.1
Depreciation and amortization	9.5	9.5	18.4	18.3
Capital Expenditures	8.3	6.5	14.4	10.4
U.S. | Intersegment Sales
Segment Reporting Information [Line Items]
Net Sales	(3.7)	(2.3)	(5.2)	(4.8)
International
Segment Reporting Information [Line Items]
Net Sales	48.1	48.5	90.2	85.4
International | Total Operating Segments
Segment Reporting Information [Line Items]
Net Sales	48.5	50.4	91.2	87.7
Assets of Operations	102.9	104.1	102.9	104.1
Income (Loss) from Operations	1.6	5.9	4.1	6.1
Depreciation and amortization	1.4	1.4	2.8	2.8
Capital Expenditures	0.8	0.3	0.9	0.7
International | Intersegment Sales
Segment Reporting Information [Line Items]
Net Sales	$ (0.4)	$ (1.9)	$ (1)	$ (2.3)

Debt - Schedule of the Company'

Debt - Schedule of the Company's Debt (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ (9.4)	$ (10.3)
Total debt	486.3	458.3
Less: current portion	0	0
Long-term debt	486.3	458.3
8.25% Senior Notes Due October 15, 2024
Debt Instrument [Line Items]
Senior Unsecured notes	300	300
Senior Secured Term Loan B Facility
Debt Instrument [Line Items]
Credit facility	168.7	168.6
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility	$ 27	$ 0

Debt - Schedule of the Compan70

Debt - Schedule of the Company's Debt (Parenthetical) (Details) - 8.25% Senior Notes Due October 15, 2024	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Interest rate, stated percentage	8.25%	8.25%
Maturity date	Oct. 15, 2024	Oct. 15, 2024

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Debt Instrument [Line Items]
Interest paid	$ 17,800,000	$ 20,700,000
Senior Secured Term Loan B Facility
Debt Instrument [Line Items]
Credit facility	350,000,000
Borrowings	168,700,000		$ 168,600,000
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility	300,000,000
Borrowings	$ 27,000,000		0
Weighted average interest rate on borrowings	4.50%	4.20%
Credit Agreement
Debt Instrument [Line Items]
Allowable annual dividend payment under credit agreement	$ 15,000,000
8.25% Senior Notes Due October 15, 2024
Debt Instrument [Line Items]
Fair value of senior notes	$ 314,400,000		$ 321,500,000

Related Parties - Additional In

Related Parties - Additional Information (Details) - shares shares in Millions	Aug. 04, 2017	Jun. 21, 2017	Mar. 28, 2017	Jun. 30, 2018
Transition Services Agreements
Related Party Transaction [Line Items]
Intercompany agreements, description				In connection with the Separation, the Company entered into transition services agreements separately with RRD and LSC, under which, in exchange for the fees specified in the arrangements, RRD and LSC agree to provide certain services to the Company and the Company agrees to provide certain services to RRD, respectively, for up to 24 months following the Separation. These services include, but are not limited to, information technology, accounts receivable, accounts payable, payroll and other financial and administrative services and functions. These agreements facilitate the separation by allowing the Company to operate independently prior to establishing stand-alone back office systems across its organization.
Term of agreement				24 months
Commercial and Other Arrangements
Related Party Transaction [Line Items]
Intercompany agreements, description				The Company entered into a number of commercial and other arrangements with RRD and its subsidiaries. These include, among other things, arrangements for the provision of services, including global outsourcing and logistics services, printing and binding, digital printing, composition and access to technology. The terms of the arrangements with RRD do not exceed 36 months. Subsequent to the Separation, RRD and LSC are clients of the Company and expect to utilize SaaS solutions and services that the Company provides to all of its clients.
Term of agreement				36 months
R.R. Donnelley & Sons Company | Underwritten Public Offering
Related Party Transaction [Line Items]
Number of common stock sold	0.1	6.1	6.2
Sale of common stock transaction date	Aug. 4, 2017

Guarantor Financial Informati73

Guarantor Financial Information - Additional Information (Details)	Jun. 30, 2018
Guarantor Subsidiaries
Condensed Income Statements Captions [Line Items]
Percentage of ownership in directly owned subsidiaries	100.00%

Guarantor Financial Informati74

Guarantor Financial Information - Condensed Consolidating Statements of Operations (Details) - USD ($) $ in Millions		3 Months Ended			6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017		Jun. 30, 2018	Jun. 30, 2017
Condensed Income Statements Captions [Line Items]
Total net sales		$ 290.6	$ 290.2		$ 545.8	$ 557.5
Services cost of sales (exclusive of depreciation and amortization)		92	80.8		177.9	158.5
Products cost of sales (exclusive of depreciation and amortization)		73.6	68.8		146.3	131.8
Total cost of sales		165.6	172.7		324.2	342.1
Selling, general and administrative expenses (exclusive of depreciation and amortization)		75.1	61.4		141.2	118.9
Restructuring, impairment and other charges-net		2.6	3.2		3.3	7
Depreciation and amortization		11.1	10.9		21.5	21.1
Income from operations		36.2	42		55.6	68.4
Interest expense (income)-net		9.8	11		18.8	22.1
Intercompany interest (income) expense – net		0			0
Investment and other income-net		(0.8)	(0.9)		(1.6)	(1.7)
Earnings (loss) before income taxes and equity in net income of subsidiaries		27.2	31.9		38.4	48
Income tax expense		8.3	13.1		11.8	19.9
Earnings (loss) before equity in net income of subsidiaries		18.9	18.8		26.6	28.1
Equity in net income of subsidiaries		0	0		0	0
Net earnings		18.9	18.8		26.6	28.1
Comprehensive income (loss)		16	21.4		24.9	31.2
R.R. Donnelley Affiliates
Condensed Income Statements Captions [Line Items]
Services cost of sales (exclusive of depreciation and amortization)	[1]	0	9.6	[2]	0	19.5	[3]
Products cost of sales (exclusive of depreciation and amortization)	[1]	0	13.5	[2]	0	32.3	[3]
Eliminations
Condensed Income Statements Captions [Line Items]
Total net sales		(4.1)	(4.2)		(6.2)	(7.1)
Services cost of sales (exclusive of depreciation and amortization)		(2.1)	(2.5)		(3.3)	(4)
Products cost of sales (exclusive of depreciation and amortization)		(2)	(1.8)		(2.9)	(3.2)
Total cost of sales		(4.1)	(4.2)		(6.2)	(7.1)
Selling, general and administrative expenses (exclusive of depreciation and amortization)		0	0		0	0
Restructuring, impairment and other charges-net		0	0		0	0
Depreciation and amortization		0	0		0	0
Income from operations		0	0		0	0
Interest expense (income)-net		0	0		0	0
Intercompany interest (income) expense – net		0			0
Investment and other income-net		0	0		0	0
Earnings (loss) before income taxes and equity in net income of subsidiaries		0	0		0	0
Income tax expense		0	0		0	0
Earnings (loss) before equity in net income of subsidiaries		0	0		0	0
Equity in net income of subsidiaries		(22.6)	(28.8)		(33.8)	(44.8)
Net earnings		(22.6)	(28.8)		(33.8)	(44.8)
Comprehensive income (loss)		(16.1)	(33.7)		(29.3)	(50.3)
Eliminations | R.R. Donnelley Affiliates
Condensed Income Statements Captions [Line Items]
Services cost of sales (exclusive of depreciation and amortization)			0.1	[2]		0.1	[3]
Products cost of sales (exclusive of depreciation and amortization)			0	[2]		0	[3]
Services Net Sales
Condensed Income Statements Captions [Line Items]
Total net sales		187.9	177.1		347.4	331.1
Services Net Sales | Eliminations
Condensed Income Statements Captions [Line Items]
Total net sales		(2.6)	(2.8)		(3.9)	(4.4)
Products Net Sales
Condensed Income Statements Captions [Line Items]
Total net sales		102.7	113.1		198.4	226.4
Products Net Sales | Eliminations
Condensed Income Statements Captions [Line Items]
Total net sales		(1.5)	(1.4)		(2.3)	(2.7)
Parent
Condensed Income Statements Captions [Line Items]
Total net sales		0	0		0	0
Services cost of sales (exclusive of depreciation and amortization)		0	0		0	0
Products cost of sales (exclusive of depreciation and amortization)		0	0		0	0
Total cost of sales		0	0		0	0
Selling, general and administrative expenses (exclusive of depreciation and amortization)		0	0		0	0
Restructuring, impairment and other charges-net		0	0		0	0
Depreciation and amortization		0	0		0	0
Income from operations		0	0		0	0
Interest expense (income)-net		10.1	11.2		19.3	22.5
Intercompany interest (income) expense – net		(6.7)			(13.3)
Investment and other income-net		0	0		0	0
Earnings (loss) before income taxes and equity in net income of subsidiaries		(3.4)	(11.2)		(6)	(22.5)
Income tax expense		(1)	(4.6)		(1.8)	(9.3)
Earnings (loss) before equity in net income of subsidiaries		(2.4)	(6.6)		(4.2)	(13.2)
Equity in net income of subsidiaries		21.3	25.4		30.8	41.3
Net earnings		18.9	18.8		26.6	28.1
Comprehensive income (loss)		16	21.4		24.9	31.2
Parent | R.R. Donnelley Affiliates
Condensed Income Statements Captions [Line Items]
Services cost of sales (exclusive of depreciation and amortization)			0	[2]		0	[3]
Products cost of sales (exclusive of depreciation and amortization)			0	[2]		0	[3]
Parent | Services Net Sales
Condensed Income Statements Captions [Line Items]
Total net sales		0	0		0	0
Parent | Products Net Sales
Condensed Income Statements Captions [Line Items]
Total net sales		0	0		0	0
Guarantor Subsidiaries
Condensed Income Statements Captions [Line Items]
Total net sales		246.2	244		460.8	476.9
Services cost of sales (exclusive of depreciation and amortization)		69	62		136.5	123.3
Products cost of sales (exclusive of depreciation and amortization)		67.8	61.6		132.9	118.6
Total cost of sales		136.8	144		269.4	290.4
Selling, general and administrative expenses (exclusive of depreciation and amortization)		64.4	51.7		119.7	100.1
Restructuring, impairment and other charges-net		0.7	2.7		1.5	5.8
Depreciation and amortization		9.7	9.5		18.7	18.3
Income from operations		34.6	36.1		51.5	62.3
Interest expense (income)-net		(0.1)	(0.2)		(0.3)	(0.4)
Intercompany interest (income) expense – net		6.7			13.3
Investment and other income-net		(0.8)	(0.9)		(1.6)	(1.7)
Earnings (loss) before income taxes and equity in net income of subsidiaries		28.8	37.2		40.1	64.4
Income tax expense		8.8	15.2		12.3	26.6
Earnings (loss) before equity in net income of subsidiaries		20	22		27.8	37.8
Equity in net income of subsidiaries		1.3	3.4		3	3.5
Net earnings		21.3	25.4		30.8	41.3
Comprehensive income (loss)		18.3	28		29.1	44.4
Guarantor Subsidiaries | R.R. Donnelley Affiliates
Condensed Income Statements Captions [Line Items]
Services cost of sales (exclusive of depreciation and amortization)			9	[2]		18.4	[3]
Products cost of sales (exclusive of depreciation and amortization)			11.4	[2]		30.1	[3]
Guarantor Subsidiaries | Services Net Sales
Condensed Income Statements Captions [Line Items]
Total net sales		153.4	145.8		282.1	274.4
Guarantor Subsidiaries | Products Net Sales
Condensed Income Statements Captions [Line Items]
Total net sales		92.8	98.2		178.7	202.5
Non-guarantor Subsidiaries
Condensed Income Statements Captions [Line Items]
Total net sales		48.5	50.4		91.2	87.7
Services cost of sales (exclusive of depreciation and amortization)		25.1	21.3		44.7	39.2
Products cost of sales (exclusive of depreciation and amortization)		7.8	9		16.3	16.4
Total cost of sales		32.9	32.9		61	58.8
Selling, general and administrative expenses (exclusive of depreciation and amortization)		10.7	9.7		21.5	18.8
Restructuring, impairment and other charges-net		1.9	0.5		1.8	1.2
Depreciation and amortization		1.4	1.4		2.8	2.8
Income from operations		1.6	5.9		4.1	6.1
Interest expense (income)-net		(0.2)	0		(0.2)	0
Intercompany interest (income) expense – net		0			0
Investment and other income-net		0	0		0	0
Earnings (loss) before income taxes and equity in net income of subsidiaries		1.8	5.9		4.3	6.1
Income tax expense		0.5	2.5		1.3	2.6
Earnings (loss) before equity in net income of subsidiaries		1.3	3.4		3	3.5
Equity in net income of subsidiaries		0	0		0	0
Net earnings		1.3	3.4		3	3.5
Comprehensive income (loss)		(2.2)	5.7		0.2	5.9
Non-guarantor Subsidiaries | R.R. Donnelley Affiliates
Condensed Income Statements Captions [Line Items]
Services cost of sales (exclusive of depreciation and amortization)			0.5	[2]		1	[3]
Products cost of sales (exclusive of depreciation and amortization)			2.1	[2]		2.2	[3]
Non-guarantor Subsidiaries | Services Net Sales
Condensed Income Statements Captions [Line Items]
Total net sales		37.1	34.1		69.2	61.1
Non-guarantor Subsidiaries | Products Net Sales
Condensed Income Statements Captions [Line Items]
Total net sales		$ 11.4	$ 16.3		$ 22	$ 26.6
[1]	Beginning in the quarter ended June 30, 2017, LSC Communications (“LSC”) no longer qualified as a related party, therefore the amounts disclosed related to LSC are presented through March 31, 2017 only. Beginning in the quarter ended September 30, 2017, R.R. Donnelley & Sons Company (“RRD”) no longer qualified as a related party, therefore the amounts disclosed related to RRD are presented through June 30, 2017 only.
[2]	Beginning in the quarter ended June 30, 2017, LSC no longer qualified as a related party, therefore the amounts disclosed related to LSC are presented through March 31, 2017 only. Beginning in the quarter ended September 30, 2017, RRD no longer qualified as a related party, therefore the amounts disclosed related to RRD are presented through June 30, 2017 only.
[3]	Beginning in the quarter ended June 30, 2017, LSC no longer qualified as a related party, therefore the amounts disclosed related to LSC are presented through March 31, 2017 only. Beginning in the quarter ended September 30, 2017, RRD no longer qualified as a related party, therefore the amounts disclosed related to RRD are presented through June 30, 2017 only.

Guarantor Financial Informati75

Guarantor Financial Information - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 11.8	$ 52	$ 8.1	$ 36.2
Receivables, less allowances	251.3	165.2
Intercompany receivables	0	0
Intercompany short-term note receivable-net	0	0
Inventories	16.3	23.3
Prepaid expenses and other current assets	16.4	29.6
Assets held for sale	32.8	0
Total current assets	328.6	270.1
Property, plant and equipment-net	31.6	34.7
Goodwill	437.4	447.4
Other intangible assets-net	32.7	39.9
Software-net	43.2	41.1
Deferred income taxes	19.2	22.2
Intercompany long-term note receivable	0
Other noncurrent assets	36.5	38.1
Investments in consolidated subsidiaries	0	0
Total assets	929.2	893.5	968.4
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	77.1	67.8
Intercompany payables	0	0
Intercompany short-term note payable-net	0	0
Accrued liabilities	95.2	119.2
Liabilities held for sale	7.1	0
Total current liabilities	179.4	187
Long-term debt	486.3	458.3
Intercompany long-term note payable	0
Deferred compensation liabilities	22.1	22.8
Pension and other postretirement benefits plan liabilities	49.3	52.5
Other noncurrent liabilities	11.3	23.5
Total liabilities	748.4	744.1
Total equity	180.8	149.4	166.6	111.1
Total liabilities and equity	929.2	893.5
Eliminations
ASSETS
Cash and cash equivalents	0	0	(17.5)	(2.4)
Receivables, less allowances	0	0
Intercompany receivables	(83)	(146.4)
Intercompany short-term note receivable-net	(18.5)	(30)
Inventories	0	0
Prepaid expenses and other current assets	(0.8)	(25.1)
Assets held for sale	0
Total current assets	(102.3)	(201.5)
Property, plant and equipment-net	0	0
Goodwill	0	0
Other intangible assets-net	0	0
Software-net	0	0
Deferred income taxes	(23.4)	(21.7)
Intercompany long-term note receivable	(376)
Other noncurrent assets	0	0
Investments in consolidated subsidiaries	(476.5)	(813.6)
Total assets	(978.2)	(1,036.8)
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	0	0
Intercompany payables	(83)	(146.4)
Intercompany short-term note payable-net	(18.5)	(30)
Accrued liabilities	(0.8)	(25.1)
Liabilities held for sale	0
Total current liabilities	(102.3)	(201.5)
Long-term debt	0	0
Intercompany long-term note payable	(376)
Deferred compensation liabilities	0	0
Pension and other postretirement benefits plan liabilities	0	0
Other noncurrent liabilities	(23.4)	(21.7)
Total liabilities	(501.7)	(223.2)
Total equity	(476.5)	(813.6)
Total liabilities and equity	(978.2)	(1,036.8)
Parent
ASSETS
Cash and cash equivalents	0	8.3	0	0
Receivables, less allowances	0	0
Intercompany receivables	0	0
Intercompany short-term note receivable-net	0	0
Inventories	0	0
Prepaid expenses and other current assets	0	37.1
Assets held for sale	0
Total current assets	0	45.4
Property, plant and equipment-net	0	0
Goodwill	0	0
Other intangible assets-net	0	0
Software-net	0	0
Deferred income taxes	0	0
Intercompany long-term note receivable	376
Other noncurrent assets	3	3.4
Investments in consolidated subsidiaries	391.8	728.4
Total assets	770.8	777.2
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	0	0
Intercompany payables	76.9	139.5
Intercompany short-term note payable-net	18.5	30
Accrued liabilities	6	0
Liabilities held for sale	0
Total current liabilities	101.4	169.5
Long-term debt	486.3	458.3
Intercompany long-term note payable	0
Deferred compensation liabilities	0	0
Pension and other postretirement benefits plan liabilities	0	0
Other noncurrent liabilities	2.3	0
Total liabilities	590	627.8
Total equity	180.8	149.4
Total liabilities and equity	770.8	777.2
Guarantor Subsidiaries
ASSETS
Cash and cash equivalents	2.3	27.9	19.7	21.8
Receivables, less allowances	212.4	131.3
Intercompany receivables	83	146.4
Intercompany short-term note receivable-net	0	0
Inventories	12.1	21.3
Prepaid expenses and other current assets	14.2	14.8
Assets held for sale	12.4
Total current assets	336.4	341.7
Property, plant and equipment-net	28.8	31.2
Goodwill	425.7	429.2
Other intangible assets-net	26.8	32.4
Software-net	43.2	40.6
Deferred income taxes	38.3	40.5
Intercompany long-term note receivable	0
Other noncurrent assets	29.4	30
Investments in consolidated subsidiaries	84.7	85.2
Total assets	1,013.3	1,030.8
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	65.9	57.9
Intercompany payables	0	0
Intercompany short-term note payable-net	0	0
Accrued liabilities	75.6	127.6
Liabilities held for sale	3
Total current liabilities	144.5	185.5
Long-term debt	0	0
Intercompany long-term note payable	376
Deferred compensation liabilities	22.1	22.8
Pension and other postretirement benefits plan liabilities	48.2	51.3
Other noncurrent liabilities	30.7	42.8
Total liabilities	621.5	302.4
Total equity	391.8	728.4
Total liabilities and equity	1,013.3	1,030.8
Non-guarantor Subsidiaries
ASSETS
Cash and cash equivalents	9.5	15.8	$ 5.9	$ 16.8
Receivables, less allowances	38.9	33.9
Intercompany receivables	0	0
Intercompany short-term note receivable-net	18.5	30
Inventories	4.2	2
Prepaid expenses and other current assets	3	2.8
Assets held for sale	20.4
Total current assets	94.5	84.5
Property, plant and equipment-net	2.8	3.5
Goodwill	11.7	18.2
Other intangible assets-net	5.9	7.5
Software-net	0	0.5
Deferred income taxes	4.3	3.4
Intercompany long-term note receivable	0
Other noncurrent assets	4.1	4.7
Investments in consolidated subsidiaries	0	0
Total assets	123.3	122.3
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	11.2	9.9
Intercompany payables	6.1	6.9
Intercompany short-term note payable-net	0	0
Accrued liabilities	14.4	16.7
Liabilities held for sale	4.1
Total current liabilities	35.8	33.5
Long-term debt	0	0
Intercompany long-term note payable	0
Deferred compensation liabilities	0	0
Pension and other postretirement benefits plan liabilities	1.1	1.2
Other noncurrent liabilities	1.7	2.4
Total liabilities	38.6	37.1
Total equity	84.7	85.2
Total liabilities and equity	$ 123.3	$ 122.3

Guarantor Financial Informati76

Guarantor Financial Information - Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
OPERATING ACTIVITIES
Net cash (used in) provided by operating activities			$ (50.2)	$ (39.4)
INVESTING ACTIVITIES
Capital expenditures	$ (9.2)	$ (7.7)	(15.6)	(12)
Purchase of investment			0	(3.4)
Intercompany note receivable, net			0
Other investing activities			0	0.2
Net cash used in investing activities			(15.6)	(15.2)
FINANCING ACTIVITIES
Revolving facility borrowings			206.5	174
Payments on revolving facility borrowings			(179.5)	(169)
Payments on current maturities and long-term debt			0	(68)
Debt issuance costs			0	(1.5)
Separation-related payment from R.R. Donnelley			0	68
Intercompany note payable, net			0
Proceeds from the issuance of common stock			1.2	18.8
Net transfers related to the Separation			0	3
Net change in short-term debt			0	1
Intercompany note payable (receivable)				0
Treasury stock repurchases			(0.8)	0
Other financing activities			0
Net cash provided by financing activities			27.4	26.3
Effect of exchange rate on cash and cash equivalents			(1.8)	0.2
Net decrease in cash and cash equivalents			(40.2)	(28.1)
Cash and cash equivalents at beginning of year			52	36.2
Cash and cash equivalents at end of period	11.8	8.1	11.8	8.1
Supplemental non-cash disclosure:
Intercompany debt allocation			0
Eliminations
OPERATING ACTIVITIES
Net cash (used in) provided by operating activities			0	(15.1)
INVESTING ACTIVITIES
Capital expenditures			0	0
Purchase of investment				0
Intercompany note receivable, net			(11.5)
Other investing activities			0.6	0
Net cash used in investing activities			(10.9)	0
FINANCING ACTIVITIES
Revolving facility borrowings			0	0
Payments on revolving facility borrowings			0	0
Payments on current maturities and long-term debt				0
Debt issuance costs				0
Separation-related payment from R.R. Donnelley				0
Intercompany note payable, net			11.5
Proceeds from the issuance of common stock			0	0
Net transfers related to the Separation				0
Net change in short-term debt				0
Intercompany note payable (receivable)				0
Treasury stock repurchases			0
Other financing activities			(0.6)
Net cash provided by financing activities			10.9	0
Effect of exchange rate on cash and cash equivalents			0	0
Net decrease in cash and cash equivalents			0	(15.1)
Cash and cash equivalents at beginning of year			0	(2.4)
Cash and cash equivalents at end of period	0	(17.5)	0	(17.5)
Supplemental non-cash disclosure:
Intercompany debt allocation			0
Parent
OPERATING ACTIVITIES
Net cash (used in) provided by operating activities			(24.2)	(35.5)
INVESTING ACTIVITIES
Capital expenditures			0	0
Purchase of investment				0
Intercompany note receivable, net			0
Other investing activities			0	0
Net cash used in investing activities			0	0
FINANCING ACTIVITIES
Revolving facility borrowings			206.5	174
Payments on revolving facility borrowings			(179.5)	(169)
Payments on current maturities and long-term debt				(68)
Debt issuance costs				(1.5)
Separation-related payment from R.R. Donnelley				68
Intercompany note payable, net			(11.5)
Proceeds from the issuance of common stock			1.2	18.8
Net transfers related to the Separation				3
Net change in short-term debt				1
Intercompany note payable (receivable)				9.2
Treasury stock repurchases			(0.8)
Other financing activities			0
Net cash provided by financing activities			15.9	35.5
Effect of exchange rate on cash and cash equivalents			0	0
Net decrease in cash and cash equivalents			(8.3)	0
Cash and cash equivalents at beginning of year			8.3	0
Cash and cash equivalents at end of period	0	0	0	0
Supplemental non-cash disclosure:
Intercompany debt allocation			(376)
Guarantor Subsidiaries
OPERATING ACTIVITIES
Net cash (used in) provided by operating activities			(10.3)	12.4
INVESTING ACTIVITIES
Capital expenditures			(14.7)	(11.3)
Purchase of investment				(3.4)
Intercompany note receivable, net			0
Other investing activities			(0.6)	0.2
Net cash used in investing activities			(15.3)	(14.5)
FINANCING ACTIVITIES
Revolving facility borrowings			0	0
Payments on revolving facility borrowings			0	0
Payments on current maturities and long-term debt				0
Debt issuance costs				0
Separation-related payment from R.R. Donnelley				0
Intercompany note payable, net			0
Proceeds from the issuance of common stock			0	0
Net transfers related to the Separation				0
Net change in short-term debt				0
Intercompany note payable (receivable)				0
Treasury stock repurchases			0
Other financing activities			0
Net cash provided by financing activities			0	0
Effect of exchange rate on cash and cash equivalents			0	0
Net decrease in cash and cash equivalents			(25.6)	(2.1)
Cash and cash equivalents at beginning of year			27.9	21.8
Cash and cash equivalents at end of period	2.3	19.7	2.3	19.7
Supplemental non-cash disclosure:
Intercompany debt allocation			376
Non-guarantor Subsidiaries
OPERATING ACTIVITIES
Net cash (used in) provided by operating activities			(15.7)	(1.2)
INVESTING ACTIVITIES
Capital expenditures			(0.9)	(0.7)
Purchase of investment				0
Intercompany note receivable, net			11.5
Other investing activities			0	0
Net cash used in investing activities			10.6	(0.7)
FINANCING ACTIVITIES
Revolving facility borrowings			0	0
Payments on revolving facility borrowings			0	0
Payments on current maturities and long-term debt				0
Debt issuance costs				0
Separation-related payment from R.R. Donnelley				0
Intercompany note payable, net			0
Proceeds from the issuance of common stock			0	0
Net transfers related to the Separation				0
Net change in short-term debt				0
Intercompany note payable (receivable)				(9.2)
Treasury stock repurchases			0
Other financing activities			0.6
Net cash provided by financing activities			0.6	(9.2)
Effect of exchange rate on cash and cash equivalents			(1.8)	0.2
Net decrease in cash and cash equivalents			(6.3)	(10.9)
Cash and cash equivalents at beginning of year			15.8	16.8
Cash and cash equivalents at end of period	$ 9.5	$ 5.9	9.5	$ 5.9
Supplemental non-cash disclosure:
Intercompany debt allocation			$ 0