LSC Communications (LKSDQ) 10-K 23 Feb 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Feb. 17, 2017	Jun. 30, 2016
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Trading Symbol	LKSD
Entity Registrant Name	LSC Communications, Inc.
Entity Central Index Key	1,669,812
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		32,449,762
Entity Public Float			$ 0

CONSOLIDATED AND COMBINED STATE

CONSOLIDATED AND COMBINED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Net sales	$ 3,654	$ 3,743	$ 3,853
Cost of sales (exclusive of depreciation and amortization)	2,823	2,874	2,953
Cost of sales with RRD and affiliates (exclusive of depreciation and amortization)	208	216	244
Total cost of sales	3,031	3,090	3,197
Selling, general and administrative expenses (exclusive of depreciation and amortization)	259	280	268
Restructuring, impairment and other charges-net (Note 4)	18	57	132
Depreciation and amortization	171	181	181
Income from operations	175	135	75
Interest expense (income)-net (Note 12)	18	(3)	(4)
Investment and other income-net	0	0	(9)
Income before income taxes	157	138	88
Income tax expense (Note 15)	51	64	30
Net income	$ 106	$ 74	$ 58
Net income per common share (Note 13)
Basic net earnings per share	$ 3.25	$ 2.27	$ 1.79
Diluted net earnings per share	$ 3.23	$ 2.27	$ 1.79
Weighted average number of common shares outstanding
Basic	32.5	32.4	32.4
Diluted	32.8	32.4	32.4

CONSOLIDATED AND COMBINED STAT3

CONSOLIDATED AND COMBINED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 106	$ 74	$ 58
Other comprehensive income (loss), net of tax (Note 16)
Translation adjustments	5	(28)	(33)
Adjustments for net pension and other post-retirement benefits plan cost	35	(9)	1
Other comprehensive income (loss)	40	(37)	(32)
Comprehensive income	$ 146	$ 37	$ 26

CONSOLIDATED AND COMBINED BALAN

CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 95	$ 95
Receivables, less allowances for doubtful accounts of $10 in 2016 (2015: $11)	667	617
Inventories (Note 7)	193	218
Prepaid expenses and other current assets	21	30
Total current assets	976	960
Property, plant and equipment-net (Note 8)	608	718
Goodwill (Note 5)	84	81
Other intangible assets-net (Note 5)	131	148
Deferred income taxes	57	36
Other noncurrent assets	96	68
Total assets	1,952	2,011
LIABILITIES
Accounts payable	294	289
Accrued liabilities (Note 10)	237	203
Short-term and current portion of long-term debt (Note 12)	52	2
Total current liabilities	583	494
Long-term debt (Note 12)	742	3
Pension liabilities	279	1
Deferred income taxes	2	152
Other noncurrent liabilities	106	84
Total liabilities	1,712	734
Commitments and Contingencies (Note 11)
LSC Communications' shareholders' equity
Common stock, $0.01 par value Authorized: 65 shares; Issued: 33 shares in 2016	0	0
Additional paid-in-capital	770	0
Retained earnings	1	0
Accumulated other comprehensive loss	(531)	(205)
Net parent company investment	0	1,482
Total equity	240	1,277
Total liabilities and equity	$ 1,952	$ 2,011

CONSOLIDATED AND COMBINED BALA5

CONSOLIDATED AND COMBINED BALANCE SHEETS (Parenthetical) $ in Millions	Dec. 31, 2016USD ($)$ / sharesshares
Statement Of Financial Position [Abstract]
Receivables, allowance for doubtful accounts | $	$ 10
Common stock, par value | $ / shares	$ 0.01
Common stock, Authorized	65,000,000
Common stock, Issued	32,449,669

CONSOLIDATED AND COMBINED STAT6

CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash Flows from Operating Activities
Net income	$ 106	$ 74	$ 58
Adjustments to reconcile net income to net cash provided by operating activities:
Impairment charges	0	8	103
Depreciation and amortization	171	181	181
Provision for doubtful accounts receivable	6	3	5
Share-based compensation	8	6	6
Deferred income taxes	(18)	(38)	(59)
Changes in uncertain tax positions	0	7	0
Gain on bargain purchase	0	0	(10)
Other	(2)	(1)	0
Changes in operating assets and liabilities - net of acquisitions:
Accounts receivable- net	(52)	(2)	37
Inventories	29	24	(7)
Prepaid expenses and other current assets	(7)	21	1
Accounts payable	13	2	(11)
Income taxes payable and receivable	1	11	(1)
Accrued liabilities and other	(24)	(21)	4
Net cash provided by operating activities	231	275	307
Cash Flows from Investing Activities
Capital expenditures	(48)	(42)	(60)
Acquisition of businesses, net of cash acquired	(8)	(111)	(76)
Proceeds from sales of other assets	6	8	13
Transfers from (to) restricted cash	9	0	(12)
Other investing activities	0	24	0
Net cash used in investing activities	(41)	(121)	(135)
Cash Flows from Financing Activities
Proceeds from issuance of long-term debt	816	0	0
Payments of current maturities and long-term debt	(17)	(72)	0
Debt issuance costs	(20)	0	0
Dividends paid	(8)	0	0
Payments to RRD	(13)	0	0
Net transfers to Parent and affiliates	(945)	(100)	(178)
Net cash used in financing activities	(187)	(172)	(178)
Effect of exchange rate on cash and cash equivalents	(3)	(12)	(14)
Net decrease in cash and cash equivalents	0	(30)	(20)
Cash and cash equivalents at beginning of year	95	125	145
Cash and cash equivalents at end of period	95	95	125
Supplemental non-cash disclosure:
Assumption of warehousing equipment related to customer contract	9	0	0
R.R. Donnelley & Sons | Courier Corporation
Supplemental non-cash disclosure:
Issuance of shares of R.R. Donnelley & Sons stock for acquisition of a business	0	154	0
R.R. Donnelley & Sons | Esselte Corporation
Supplemental non-cash disclosure:
Issuance of shares of R.R. Donnelley & Sons stock for acquisition of a business	$ 0	$ 0	$ 18

CONSOLIDATED AND COMBINED STAT7

CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (Parenthetical) - R.R. Donnelley & Sons - shares shares in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Courier Corporation
Issuance of stock for acquisitions of businesses	8
Esselte Corporation
Issuance of stock for acquisitions of businesses		1

CONSOLIDATED AND COMBINED STAT8

CONSOLIDATED AND COMBINED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-in-Capital	Net Parent Company Investment	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Loss
Balance at Dec. 31, 2013	$ 1,315	$ 0	$ 0	$ 1,451	$ 0	$ (136)
Balance (in shares) at Dec. 31, 2013		0
Net income	58	$ 0	0	58	0	0
Net transfers (to) from parent company	(166)	0	0	(166)	0	0
Other comprehensive (loss) income	(32)	0	0	0	0	(32)
Balance at Dec. 31, 2014	1,175	$ 0	0	1,343	0	(168)
Balance (in shares) at Dec. 31, 2014		0
Net income	74	$ 0	0	74	0	0
Net transfers (to) from parent company	65	0	0	65	0	0
Other comprehensive (loss) income	(37)	0	0	0	0	(37)
Balance at Dec. 31, 2015	1,277	$ 0	0	1,482	0	(205)
Balance (in shares) at Dec. 31, 2015		0
Net income	106	$ 0	0	97	9	0
Net transfers (to) from parent company	(934)	0	0	(934)	0	0
Separation-related adjustments	(244)	0	0	122	0	(366)
Reclassification of net parent investment to additional paid-in capital	0	0	767	(767)	0	0
Issuance of common stock upon separation	0	$ 0	0	0	0	0
Issuance of common stock upon separation (in shares)		32
Share-based compensation	3	$ 0	3	0	0	0
Cash dividends paid	(8)	0	0	0	(8)	0
Other comprehensive (loss) income	40	0	0	0	0	40
Balance at Dec. 31, 2016	$ 240	$ 0	$ 770	$ 0	$ 1	$ (531)
Balance (in shares) at Dec. 31, 2016		32

Overview and Basis of Presentat

Overview and Basis of Presentation	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Overview and Basis of Presentation	Note 1. Overview and Basis of Presentation Description of Business and Separation The principal business of LSC Communications, Inc., a Delaware corporation, and its direct or indirect wholly-owned subsidiaries (“LSC Communications,” “the Company,” “we,” “our” and “us”) is to offer a broad scope of traditional and digital print, print-related services and office products. The Company serves the needs of publishers, merchandisers and retailers worldwide with a service offering that includes e-services, warehousing and fulfillment and supply chain management. The Company utilizes a broad portfolio of technology capabilities coupled with consultative attention to clients' needs to increase speed to market, reduce costs, provide postal savings to customers and improve efficiencies. On October 1, 2016 (the “separation date”), R. R. Donnelley & Sons Company (“RRD” or the “Parent”) completed the previously announced separation (the “separation”) into three separate independent publicly-traded companies: (i) its publishing and retail-centric print services and office products business (“LSC Communications”); (ii) its financial communications services business (“Donnelley Financial Solutions, Inc.” or “Donnelley Financial”) and (iii) a global, customized multichannel communications management company, which is the business of RRD after the separation. To effect the separation, RRD undertook a series of transactions to separate net assets and legal entities. RRD completed the distribution (the “distribution”) of 80.75%, of the outstanding common stock of LSC Communications and Donnelley Financial to RRD shareholders on October 1, 2016. RRD retained a 19.25% ownership stake in both LSC Communications and Donnelley Financial. On October 1, 2016, RRD shareholders of record as of the close of business on September 23, 2016 received one share of LSC Communications common stock and one share of Donnelley Financial common stock for every eight shares of RRD common stock held as of the record date. As a result of the separation, LSC Communications and Donnelley Financial are now independent publicly-traded companies and began regular way trading under the symbols “LKSD” and “DFIN,” respectively, on the New York Stock Exchange on October 3, 2016. RRD remains an independent publicly-traded company trading under the symbol “RRD” on the New York Stock Exchange. In connection with the separation, LSC Communications, RRD and Donnelley Financial entered into commercial arrangements and transition services agreements. Under the terms of the commercial arrangements, RRD continues to provide, among other things, logistics, premedia, production and sales services to LSC Communications. RRD will also provide LSC Communications certain global outsourcing, technical support and other services. LSC Communications also continues to provide print and bind services for Donnelley Financial. In addition, LSC Communications continues to provide sales support services to RRD’s Asia and Mexico print and graphics management businesses in order to facilitate sales of books and related products to the U.S. Under the terms of the transition services agreements, RRD provides certain services to LSC Communications, including, but not limited to, in such areas as tax, information technology, treasury, internal audit, human resources, accounting, purchasing, communications, security and compensation and benefits. These agreements facilitated the separation by allowing LSC Communications to operate independently prior to establishing stand-alone back office systems across its organization. Transition services may be provided for up to twenty-four months following the separation. LSC Communications provides certain services to RRD and Donnelley Financial including, but not limited to, information technology and credit services. The Company and RRD also entered into: • A • A Tax Disaffiliation Agreement that allocates responsibility for taxes between LSC Communications and RRD and includes indemnification rights with respect to tax matters and restrictions to preserve the tax-free status of the separation; and • A Patent Assignment and License Agreement, a Trademark Assignment and License Agreement, a Data Assignment and License Agreement and a Software, Copyright and Trade Secret Assignment and License Agreement, in each case, that will provide for ownership, licensing and other arrangements to facilitate RRD’s, Donnelley Financial’s and the Company’s ongoing use of intellectual property, as applicable. Final copies of such agreements are filed as exhibits to this annual report on Form 10-K. Basis of Presentation The accompanying consolidated and combined financial statements reflect the consolidated statements of income and balance sheets of the Company as an independent, publicly traded company for the periods after the separation, and the combined statements of income and balance sheets of the Company as a combined reporting entity of RRD for the periods prior to the separation. The consolidated and combined financial statements include the statements of income, balance sheets, and cash flows in conformity with accounting principles generally accepted in the United States (“GAAP”). Certain prior year amounts were restated to conform to the Company’s current consolidated and combined balance sheet classifications. Prior to the Separation The combined financial statements were prepared on a stand-alone basis and were derived from RRD’s consolidated financial statements and accounting records. They include certain expenses of RRD which were allocated to LSC Communications for certain corporate functions, including healthcare and pension benefits, information technology, finance, legal, human resources, internal audit, treasury, tax, investor relations and executive oversight. These expenses were allocated to the Company on the basis of direct usage, when available, with the remainder allocated on a pro rata basis by revenue, employee headcount, or other measures. The Company considered the allocation methodologies and results to be reasonable for all periods presented; however, these allocations may not be indicative of the actual expenses that LSC Communications would have incurred as an independent public company or the costs it may incur in the future. The income tax amounts in these combined financial statements were calculated based on a separate income tax return methodology and presented as if the Company’s operations were separate taxpayers in the respective jurisdictions. All intercompany transactions and accounts have been eliminated. All intracompany transactions between LSC Communications, RRD and Donnelley Financial are considered to be effectively settled in the consolidated and combined financial statements at the time the transaction is recorded. The total net effect of the settlement of these intracompany transactions is reflected in the consolidated and combined statements of cash flows as a financing activity and in the consolidated and combined balance sheets as net parent company investment. Net parent company investment is primarily impacted by contributions from RRD which are the result of treasury activities and net funding provided by or distributed to RRD. In connection with the separation, the net parent investment balance was transferred to additional paid-in-capital in the consolidated and combined balance sheets. After the Separation On October 1, 2016, the Company recorded certain separation-related adjustments primarily related to certain assets and liabilities which were distributed as part of the separation from RRD, resulting in a net $244 million decrease to equity. The adjustments primarily related to the assumption of certain pension obligations and plan assets in single employer plans for the Company’s employees and certain former employees and retirees of RRD. The Company recorded a net benefit obligation of $358 million as of October 1, 2016 for these plans. In addition, the Company recorded separation-related adjustments for certain workers’ compensation liabilities of $39 million, of which $11 million was short-term and $28 million was long-term, and a workers’ compensation recovery asset of $5 million. Refer to the separation-related adjustments disclosed in consolidated and combined statement of equity. Additional separation-related adjustments may be recorded in future periods. LSC Communications generates a portion of its net sales from sales to RRD and its subsidiaries. Additionally, LSC Communications utilizes RRD for freight and logistics when shipping finished goods to its customers, premedia services and printing products. Refer to Note 20, Related Parties

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2. Significant Accounting Policies Use of Estimates —The preparation of the consolidated and combined financial statements, in conformity with GAAP, requires the extensive use of management’s estimates and assumptions that affect the reported amounts of assets and liabilities disclosure of contingent assets and liabilities at the date of the financial statements, and reported amounts of revenue and expenses during the reporting periods. Actual results could differ from these estimates. Estimates are used when accounting for items and matters including, but not limited to, allowance for uncollectible accounts receivable, inventory obsolescence, asset valuations and useful lives, employee benefits, self-insurance reserves, taxes, restructuring and other provisions and contingencies. Foreign Operations —Assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the exchange rates existing at the respective balance sheet dates. Income and expense items are translated at the average rates during the respective periods. Translation adjustments resulting from fluctuations in exchange rates are recorded as a separate component of other comprehensive income (loss) while transaction gains and losses are recorded in net earnings. Deferred taxes are not provided on cumulative foreign currency translation adjustments when the Company expects foreign earnings to be permanently reinvested. Fair Value Measurements— Certain assets and liabilities are required to be recorded at fair value on a recurring basis. Fair value is determined based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The Company records the fair value of its pension plan assets on a recurring basis. Assets measured at fair value on a nonrecurring basis include long-lived assets held and used, long-lived assets held for sale, goodwill and other intangible assets. The fair value of cash and cash equivalents, accounts receivable, short-term debt and accounts payable approximate their carrying values. The three-tier value hierarchy, which prioritizes valuation methodologies based on the reliability of the inputs, is: Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2 —Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3 —Valuations based on unobservable inputs reflecting the Company’s own assumptions, consistent with reasonably available assumptions made by other market participants. Revenue Recognition —The Company recognizes revenue for the majority of its products upon transfer of title and the passage of the risk of ownership, which is generally upon shipment to the customer. Contracts generally specify F.O.B. shipping point terms. Under agreements with certain customers, custom products may be stored by the Company for future delivery. In these situations, the Company may also receive a logistics or warehouse management fee for the services it provides. In certain of these cases, delivery and billing schedules are outlined in the customer agreement and product revenue is recognized when manufacturing is complete, title and risk of ownership transfer to the customer, and there is a reasonable assurance as to collectability. Because the majority of products are customized, product returns are not significant; however, the Company accrues for the estimated amount of customer credits at the time of sale. Revenue from the Company’s co-mail and list services operations is recognized when services are completed. The Company records deferred revenue in situations where amounts are invoiced but the revenue recognition criteria outlined above are not met. Such revenue is recognized when all criteria are subsequently met. Billings for shipping and handling costs are recorded gross. Many of the Company’s operations process materials, primarily paper, that may be supplied directly by customers or may be purchased by the Company and sold to customers. No revenue is recognized for customer-supplied paper, but revenues for Company-supplied paper are recognized on a gross basis. The Company records taxes collected from customers and remitted to governmental authorities on a net basis. By-product recoveries —The Company records the sale of by-products as a reduction of cost of sales. Cash and cash equivalents —The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Short-term securities consist of investment grade instruments of governments, financial institutions and corporations. Receivables— Receivables are stated net of allowances for doubtful accounts and primarily include trade receivables, notes receivable and miscellaneous receivables from suppliers. No single customer comprised more than 10% of our net sales in 2016, 2015 or 2014. Specific customer provisions are made when a review of significant outstanding amounts, utilizing information about customer creditworthiness and current economic trends, indicates that collection is doubtful. In addition, provisions are made at differing rates, based upon the age of the receivable and the Company’s historical collection experience. Refer to Note 6, for details of activity affecting the allowance for doubtful accounts receivable. Inventories —Inventories include material, labor and factory overhead and are stated at the lower of cost or market and net of excess and obsolescence reserves for raw materials and finished goods. Provisions for excess and obsolete inventories are made at differing rates, utilizing historical data and current economic trends, based upon the age and type of the inventory. Specific excess and obsolescence provisions are also made when a review of specific balances indicates that the inventories will not be utilized in production or sold. The cost of 85.5% and 78.9% of the inventories at December 31, 2016 and 2015, respectively, has been determined using the Last-In, First-Out (“LIFO”) method. This method is intended to reflect the effect of inventory replacement costs within the consolidated and combined statements of income; accordingly, charges to cost of sales generally reflect recent costs of material, labor and factory overhead. The Company uses an external-index method of valuing LIFO inventories. The remaining inventories, primarily related to certain acquired and international operations, are valued using the First-In, First-Out (“FIFO”) or specific identification methods. Long-Lived Assets —The Company assesses potential impairments to its long-lived assets if events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Indefinite-lived intangible assets are reviewed annually for impairment or more frequently if events or changes in circumstances indicate that the carrying value may not be recoverable. An impaired asset is written down to its estimated fair value based upon the most recent information available. Estimated fair market value is generally measured by discounting estimated future cash flows. Long-lived assets, other than goodwill and other intangible assets, that are held for sale, are recorded at the lower of the carrying value or the fair market value less the estimated cost to sell. Property, plant and equipment —Property, plant and equipment are recorded at cost and depreciated on a straight-line basis over their estimated useful lives. Useful lives range from 15 to 40 years for buildings, the lesser of 7 years or the lease term for leasehold improvements and from 3 to 15 years for machinery and equipment. Maintenance and repair costs are charged to expense as incurred. Major overhauls that extend the useful lives of existing assets are capitalized. When properties are retired or disposed, the costs and accumulated depreciation are eliminated and the resulting profit or loss is recognized in the results of operations. Goodwill —Goodwill is either assigned to a specific reporting unit or allocated between reporting units based on the relative fair value of each reporting unit. Prior to the separation, the Company’s goodwill balances for certain reporting units were reallocated based on the relative fair values of the businesses. Goodwill is reviewed for impairment annually as of October 31 or more frequently if events or changes in circumstances indicate that it is more likely than not that the fair value of a reporting unit is below its carrying value. For certain reporting units, the Company may perform a qualitative, rather than quantitative, assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. In performing this qualitative analysis, the Company considers various factors, including the excess of prior year estimates of fair value compared to carrying value, the effect of market or industry changes and the reporting unit’s actual results compared to projected results. Based on this qualitative analysis, if management determines that it is more likely than not that the fair value of the reporting unit is greater than its carrying value, no further impairment testing is performed. For the remaining reporting units, the Company compares each reporting unit’s fair value, estimated based on comparable company market valuations and expected future discounted cash flows to be generated by the reporting unit, to its carrying value. If the carrying value exceeds the reporting unit’s fair value, the Company performs an additional fair value measurement calculation to determine the impairment loss, which is charged to operations in the period identified. Refer to Note 4, Restructuring, Impairment and Other Charges, The Company also performs an interim review for indicators of impairment at each quarter-end to assess whether an interim impairment review is required for any reporting unit. In the Company’s impairment review at October 31, 2016, and its interim review for indicators of impairment as of December 31, 2016, management concluded that there were no indicators that the fair value of any of the reporting units with goodwill was more likely than not below its carrying value. Amortization —Certain costs to acquire and develop internal-use computer software are capitalized and amortized over their estimated useful life using the straight-line method, up to a maximum of five years. Amortization expense, primarily related to internally-developed software and excluding amortization expense related to other intangible assets, was $5 million, $5 million and $3 million for the years ended December 31, 2016, 2015 and 2014, respectively. Deferred debt issuance costs are amortized over the term of the related debt. Other intangible assets, except for those intangible assets with indefinite lives, are recognized separately from goodwill and are amortized over their estimated useful lives. Other intangible assets with indefinite lives are not amortized. Refer to Note 5 , Goodwill and Other Intangible Assets, Share-Based Compensation —Prior to the separation, RRD maintained an incentive share-based compensation program for the benefit of its officers, directors, and certain employees, including certain LSC Communications employees. The share-based compensation expense was allocated to the Company based on the awards and terms previously granted to the Company’s employees, as well as an allocation of expense related to RRD’s corporate and shared functional employees. After the separation, the Company recognizes share-based compensation expense based on estimated fair values for all share-based awards made to employees and directors. The Company recognizes compensation expense for share-based awards expected to vest on a straight-line basis over the requisite service period of the award based on their grant date fair value. Refer to Note 17, for further discussion. Pension and Other Postretirement Benefits Plans —Prior to the separation, certain employees of the Company participated in various pension and postretirement health care plans sponsored by RRD. In the company’s combined financial statements, these plans were accounted for as multiemployer benefit plans and no net liabilities were reflected in the Company’s combined balance sheets as there were no unfunded contributions due at the end of any reporting period. The Company’s statements of income included expense allocations for these benefits. These expenses were funded through intercompany transactions with RRD and were reflected within net parent company investment in LSC Communications. Certain plans in LSC Communications’ Mexico and U.S. operations were direct obligations of LSC Communications and were recorded in the consolidated and combined financial statements. At the separation date, the Company recorded net benefit obligations transferred from RRD. T he Company records annual income and expense amounts relating to its pension plans based on calculations which include various actuarial assumptions, including discount rates, mortality, assumed rates of return, compensation increases, and turnover rates. The Company reviews its actuarial assumptions on an annual basis and makes modifications to the assumptions based on current rates and trends when it is deemed appropriate to do so. The effect of modifications on the value of plan obligations and assets is recognized immediately within other comprehensive income (loss) and amortized into operating earnings over future periods. The Company believes that the assumptions utilized in recording its obligations under its plans are reasonable based on its experience, market conditions and input from its actuaries and investment advisors. Refer to Note 14, Retirement Plans , for further discussion. Taxes on Income —Prior to the separation, in the Company’s combined financial statements, income tax expense and deferred tax balances were calculated on a separate return basis, although with respect to certain entities, the Company’s operations were historically included in the tax returns filed by the respective RRD entities of which the Company’s business was formerly a part. For periods after the separation, the Company will file tax returns on its own behalf. The provision for income tax and income tax balances after the separation represent the Company's tax liabilities as an independent company. The Company has recorded deferred tax assets related to future deductible items, including domestic and foreign tax loss and credit carryforwards. The Company evaluates these deferred tax assets by tax jurisdiction. The utilization of these tax assets is limited by the amount of taxable income expected to be generated within the allowable carryforward period and other factors. Accordingly, management has provided a valuation allowance to reduce certain of these deferred tax assets when management has concluded that, based on the weight of available evidence, it is more likely than not that the deferred tax assets will not be fully realized. If actual results differ from these estimates, or the estimates are adjusted in future periods, adjustments to the valuation allowance might need to be recorded. Deferred U.S. income taxes and foreign taxes are not provided on the excess of the investment value for financial reporting over the tax basis of investments in foreign subsidiaries because such excess is considered to be permanently reinvested in those operations. Management regularly evaluates whether foreign earnings are expected to be permanently reinvested. This evaluation requires judgment about the future operating and liquidity needs of the Company’s foreign subsidiaries. Changes in economic and business conditions, foreign or U.S. tax laws, or the Company’s financial situation could result in changes to these judgments and the need to record additional tax liabilities. Significant judgment is required in determining the provision for income taxes and related accruals, deferred tax assets and liabilities and any valuation allowance recorded against deferred tax assets. In the ordinary course of business, there are transactions and calculations where the ultimate tax outcome is uncertain. Additionally, the Company’s tax returns are subject to audit by various U.S. and foreign tax authorities. The Company recognizes a tax position in its financial statements when it is more likely than not (a likelihood of more than fifty percent) that the position would be sustained upon examination by tax authorities. This recognized tax position is then measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Although management believes that its estimates are reasonable, the final outcome of uncertain tax positions may be materially different from that which is reflected in the Company’s consolidated and combined financial statements. The Company classifies interest expense and any related penalties related to income tax uncertainties as a component of income tax expense. , Income Taxes, Comprehensive Income (Loss) —Comprehensive income (loss) for the Company consists of net earnings, unrecognized actuarial gains and losses and foreign currency translation adjustments. Refer to Note 16 for further discussion.

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Business Combinations	Note 3. Business Combinations 2016 Acquisition On December 2, 2016, the Company acquired Continuum Management Company, LLC (“Continuum”), a print procurement and management business. The acquisition enhanced the Company’s print management’s capabilities. The purchase price for Continuum was $7 million in cash, of which $3 million was recorded in goodwill, based on preliminary acquisition accounting. The allocation of purchase price will be completed as soon as it is practicable, but no later than one year from the acquisition date. 2015 Acquisition On June 8, 2015, RRD acquired Courier Corporation (“Courier”), a leader in digital printing and publishing primarily in the United States, specializing in educational, religious and trade books. The acquisition expanded the Company’s digital printing capabilities. Courier’s book manufacturing operations and publishing operations are included in LSC Communications’ consolidated and combined financial statements. Courier‘s Brazilian operations are not part of LSC Communications; therefore, the Company’s consolidated and combined financial statements do not include Courier’s Brazilian operations. The purchase price for Courier was $137 million in cash and 8 million shares of RRD common stock, or a total transaction value of $292 million (including $6 million related to Brazil) based on RRD’s closing share price on June 5, 2015, plus the assumption of Courier’s debt of $78 million (including $2 million related to Brazil). Courier had $21 million (including $0.4 million related to Brazil) of cash as of the date of acquisition. Immediately following the acquisition, substantially all of the debt assumed was repaid. For the year ended December 31, 2015, the Company’s combined financial statements included net sales of $184 million and a loss before income taxes of $3 million related to the Courier acquisition, including restructuring, impairment and other charges of $25 million and a charge of $11 million resulting from an inventory purchase accounting adjustment. The Courier acquisition was recorded by allocating the cost of the acquisition to the assets acquired, including other intangible assets, based on their estimated fair values at the acquisition date. The excess of the cost over the net amounts assigned to the fair value of the assets acquired was recorded as goodwill. The goodwill associated with this acquisition is primarily attributable to the synergies expected to arise as a result of the acquisition. Accounts receivable $ 33 Inventories 59 Prepaid expenses and other current assets 38 Property, plant and equipment 158 Other intangible assets 104 Other noncurrent assets 8 Goodwill 51 Accounts payable and accrued liabilities (19 ) Other noncurrent liabilities (6 ) Deferred taxes-net (84 ) Total purchase price-net of cash acquired 342 Less: debt assumed 77 Less: value of common stock issued by RRD 154 Net cash paid $ 111 The fair values of other intangible assets, technology (included in other noncurrent assets) and goodwill associated with the acquisition of Courier were determined to be Level 3 under the fair value hierarchy. The following table presents the fair value, valuation techniques and related unobservable inputs for these Level 3 measurements: Fair Value Valuation Technique Unobservable Input Range Customer relationships $ 94 Excess earnings Discount rate Attrition rate 14.0% - 17.0% 0.0% - 5.0% Trade names 10 Relief-from-royalty method Discount rate Royalty rate (pre-tax) 12.0% 0.3% - 1.0% Technology 2 Relief-from-royalty method Discount rate 11.0% Royalty rate (pre-tax) 15.0% The fair values of property, plant and equipment associated with the Courier acquisition were determined to be Level 3 under the fair value hierarchy and were estimated using either the market approach, if a secondhand market existed, or cost approach. 2014 Acquisition On March 25, 2014, the Company acquired substantially all of the North American operations of Esselte Corporation (“Esselte”), a developer and manufacturer of nationally branded and private label office and stationery products. The acquisition, combined with the Company’s existing products, created a more competitive and efficient office products supplier capable of supplying enhanced offerings across the combined customer base. The purchase price for Esselte included $82 million in cash and 1 million shares of RRD common stock, or a total transaction value of $101 million based on RRD’s closing share price on March 24, 2014. Esselte had $6 million of cash as of the date of acquisition. The fair value of the identifiable net assets acquired of approximately $110 million exceeded the purchase price of $101 million, resulting in a bargain purchase gain of $10 million for the year ended December 31, 2014, which was recorded in net investment and other (income) expense. The gain on the bargain purchase was primarily attributable to RRD’s ability to use certain tax operating losses. The tax deductible goodwill related to the Esselte acquisition was $7 million. Based on the valuation, the final purchase price allocation for the Esselte acquisition was as follows: Accounts receivable $ 54 Inventories 24 Prepaid expenses and other current assets 2 Property, plant and equipment 40 Other intangible assets 25 Accounts payable and accrued liabilities (45 ) Other noncurrent liabilities (16 ) Deferred taxes-net 20 Total purchase price-net of cash acquired 104 Less: value of common stock issued by RRD 18 Less: Gain on bargain purchase 10 Net cash paid $ 76 The fair values of other intangible assets associated with the acquisition of Esselte were determined to be Level 3 under the fair value hierarchy. The following table presents the fair value, valuation techniques and related unobservable inputs for these Level 3 measurements: Fair Value Valuation Technique Unobservable Input Range Customer relationships $ 16 Excess earnings Discount rate Attrition rate 21.0% 5.0% Trade names 9 Relief-from-royalty method Discount rate Royalty rate (pre-tax) 19.0% 1.5% The fair values of property, plant and equipment associated with the Esselte acquisition were determined to be Level 3 under the fair value hierarchy and were estimated using either the market approach, if a secondhand market existed, or cost approach. For the year ended December 31, 2016, there were de minimis acquisition-related expenses associated with the completed acquisition. For the years ended December 31, 2015 and 2014, the Company recorded $14 million and $1 million, respectively, of acquisition-related expenses, associated with completed acquisitions, within selling, general and administrative expenses in the consolidated and combined statements of income. Pro forma results The following unaudited pro forma financial information for the year ended December 31, 2016 presents the consolidated and combined statements of income of the Company and the acquisitions of Continuum and Courier described above, as if the acquisitions had occurred as of January 1 of the year prior to acquisition. The unaudited pro forma financial information is not intended to represent or be indicative of the Company’s consolidated future statements of income and balance sheets that would have been reported had these acquisitions been completed as of the beginning of the period presented and should not be taken as indicative of the Company’s consolidated future statements of income or balance sheets. Pro forma adjustments are tax-effected at the applicable statutory tax rates. Year ended December 31, 2016 2015 Net sales $ 3,698 $ 3,911 Net income 106 107 The following table outlines unaudited pro forma financial information for the year ended December 31, 2015: Year ended December 31, 2015 Amortization of purchased intangibles $ 21 Restructuring, impairment and other charges 31 Additionally, the pro forma adjustments affecting net income for the year ended December 31, 2015 were as follows: Year ended December 31, 2015 Depreciation and amortization of purchased assets, pre-tax $ (3 ) Acquisition-related expenses, pre-tax 19 Restructuring, impairment and other charges, pre-tax 26 Inventory fair value adjustments, pre-tax 11 Other pro forma adjustments, pre-tax 1 Income taxes (13 )

Restructuring, Impairment and O

Restructuring, Impairment and Other Charges	12 Months Ended
	Dec. 31, 2016
Restructuring And Related Activities [Abstract]
Restructuring, Impairment and Other Charges	Note 4. Restructuring, Impairment and Other Charges 2016 Restructuring, Impairment and Other Charges 2016 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 6 $ 6 $ 12 $ — $ 3 $ 15 Corporate 2 1 3 — — 3 Total $ 8 $ 7 $ 15 $ — $ 3 $ 18 Restructuring and Impairment Charges For the year ended December 31, 2016, the Company recorded net restructuring charges of $8 million for employee termination costs for an aggregate of 222 employees, of whom 64 were terminated as of or prior to December 31, 2016. These charges primarily related to one facility closure in the Print segment, the expected closure of another facility in the first quarter of 2017 in the Print segment and the reorganization of certain operations. Additionally, the Company recorded lease termination and other restructuring charges of $7 million. The fair values of the buildings and machinery and equipment were determined to be Level 3 under the fair value hierarchy and were estimated based on discussions with real estate brokers, review of comparable properties, if available, discussions with machinery and equipment brokers, dealer quotes and internal expertise related to the current marketplace conditions. Other Charges For the year ended December 31, 2016, the Company recorded other charges of $3 million for multi-employer pension plan withdrawal obligations unrelated to facility closures. The total liability for the withdrawal obligations associated with the Company’s decision to withdraw from certain multi-employer pension plans included in accrued liabilities and other noncurrent liabilities are $6 million and $39 million, respectively, at December 31, 2016. Refer to Note 14, Retirement Plans The Company’s withdrawal liabilities could be affected by the financial stability of other employers participating in such plans and any decisions by those employers to withdraw from such plans in the future. While it is not possible to quantify the potential impact of future events or circumstances, reductions in other employers’ participation in multi-employer pension plans, including certain plans from which the Company has previously withdrawn, could have a material effect on the Company’s previously estimated withdrawal liabilities, consolidated and combined statements of income, balance sheets or cash flows. 2015 Restructuring, Impairment and Other Charges 2015 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 19 $ 5 $ 24 $ 7 $ 22 $ 53 Office Products 1 2 3 1 — 4 Total $ 20 $ 7 $ 27 $ 8 $ 22 $ 57 Restructuring and Impairment Charges For the year ended December 31, 2015, the Company recorded net restructuring charges of $20 million for employee termination costs for 766 employees, of whom 536 were terminated as of December 31, 2015. These charges primarily related to the closure of two facilities in the Print segment, the integration of Courier and the reorganization of certain operations. Additionally, the Company incurred lease termination and other restructuring charges of $7 million for the year ended December 31, 2015, including charges related to multiemployer pension plan withdrawal obligations as a result of facility closures. For the year ended December 31, 2015, the Company also recorded $8 million of impairment charges primarily related to buildings and machinery and equipment associated with facility closings. The fair values of the buildings and machinery and equipment were determined to be Level 3 under the fair value hierarchy and were estimated based on discussions with real estate brokers, review of comparable properties, if available, discussions with machinery and equipment brokers, dealer quotes and internal expertise related to the current marketplace conditions. Other Charges For the year ended December 31, 2015, the Company recorded charges of $22 million, including Retirement Plans, 2014 Restructuring, Impairment and Other Charges 2014 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 1 $ 6 $ 7 $ 103 $ 17 $ 127 Office Products 4 2 6 (1 ) — 5 Total $ 5 $ 8 $ 13 $ 102 $ 17 $ 132 Restructuring and Impairment Charges For the year ended December 31, 2014, the Company recorded net restructuring charges of $5 million for employee termination costs for 96 employees, substantially all of whom were terminated as of December 31, 2016. These charges primarily related to the integration of Esselte as well as one facility closure within the Print segment, continuing charges related to a facility closure in the prior year and the reorganization of certain operations. Additionally, the Company incurred lease termination and other restructuring charges of $8 million for the year ended December 31, 2014, including charges related to multi-employer pension plan withdrawal obligations as a result of facility closures. For the year ended December 31, 2014, the Company also recorded $2 million of impairment charges primarily related to buildings and machinery and equipment associated with facility closings. The impairment charges are net of gains related to the sale of previously impaired other long lived assets. The fair values of the buildings and machinery and equipment were determined to be Level 3 under the fair value hierarchy and were estimated based on discussions with real estate brokers, review of comparable properties, if available, discussions with machinery and equipment brokers, dealer quotes and internal expertise related to the current marketplace conditions. As a result of the Company’s annual goodwill impairment test, the Company recorded non-cash charges of $100 million to recognize the impairment of goodwill in the magazines, catalogs and retail inserts reporting unit within the Print segment. The goodwill impairment charges resulted from a reduction in the estimated fair value of the reporting unit based on lower expectations of future revenue, profitability and cash flows as compared to expectations as of the last annual goodwill impairment test. The lower expectations for the magazines, catalogs and retail inserts reporting unit were due to accelerating volume declines and increasing price pressures resulting from declining demand, primarily in catalogs and magazines. Revenue and income from operations in the magazines, catalogs and retail inserts reporting unit for the year ended December 31, 2014 were lower than previous expectations due to volume declines and price pressures. The negative trends experienced in 2014 were expected to continue in future years. The goodwill impairment charges were determined using Level 3 inputs, including discounted cash flow analyses, comparable marketplace fair value data and management’s assumptions in valuing the significant tangible and intangible assets. Other Charges For the year ended December 31, 2014, the Company recorded charges of $17 million as a result of its decision to withdraw from all multi-employer pension plans serving facilities that are currently operating. These charges for multi-employer pension plan withdrawal obligations, unrelated to facility closures, represent the Company’s best estimate of the expected settlement of these withdrawal liabilities. Refer to Note 14 , Retirement Plans, Restructuring Reserve The restructuring reserve as of December 31, 2016 and 2015, and changes during the year ended December 31, 2016, were as follows: December 31, 2015 Restructuring Charges Foreign Exchange and Other Cash Paid December 31, 2016 Employee terminations $ 13 $ 8 $ 2 $ (15 ) $ 8 Multi-employer pension plan withdrawal obligations 20 2 — (4 ) 18 Lease terminations and other 4 5 — (7 ) 2 Total $ 37 $ 15 $ 2 $ (26 ) $ 28 The current portion of restructuring reserves of $13 million at December 31, 2016 was included in accrued liabilities, while the long-term portion of $15 million, which primarily related to multi-employer pension plan withdrawal obligations related to facility closures and lease termination costs, was included in other noncurrent liabilities at December 31, 2016. Payments on all of the Company’s multi-employer pension plan withdrawal obligations are scheduled to be completed by 2034. Changes based on uncertainties in these estimated withdrawal obligations could affect the ultimate charges related to multi-employer pension plan withdrawals. Refer to Note 14 , Retirement Plans, The restructuring liabilities classified as “lease terminations and other” consisted of lease terminations and other facility closing costs. Payments on certain of the lease obligations are scheduled to continue until 2018. 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. The restructuring reserve as of December 31, 2015 and 2014, and changes during the year ended December 31, 2015, were as follows: December 31, 2014 Restructuring Charges Foreign Exchange and Other Cash Paid December 31, 2015 Employee terminations $ 4 $ 20 $ 1 $ (12 ) $ 13 Multi-employer pension plan withdrawal obligations 21 1 2 (4 ) 20 Lease terminations and other 5 6 — (7 ) 4 Total $ 30 $ 27 $ 3 $ (23 ) $ 37 The current portion of restructuring reserves of $19 million at December 31, 2015 was included in accrued liabilities, while the long-term portion of $18 million, primarily related to multi-employer pension plan withdrawal obligations related to facility closures and lease termination costs, was included in other noncurrent liabilities at December 31, 2015.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 5. Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill for the years ended December 31, 2016 and 2015 were as follows: Print Office Products Total Net book value as of January 1, 2015 Goodwill $ 800 $ 109 $ 909 Accumulated impairment losses (800 ) (79 ) (879 ) Total — 30 30 Acquisition 51 — 51 Net book value as of December 31, 2015 Goodwill $ 845 $ 109 $ 954 Accumulated impairment losses (794 ) (79 ) (873 ) Total 51 30 81 Acquisition 3 — 3 Net book value as of December 31, 2016 Goodwill 852 109 961 Accumulated impairment losses (798 ) (79 ) (877 ) Total $ 54 $ 30 $ 84 There was no impairment of goodwill during the years ended December 31, 2016 and 2015. The goodwill and accumulated impairment balances are impacted by changes in foreign exchanges. The components of other intangible assets at December 31, 2016 and 2015 were as follows: December 31, 2016 December 31, 2015 Gross Carrying Accumulated Net Book Gross Carrying Accumulated Net Book Amount Amortization Value Amount Amortization Value Customer relationships $ 205 $ (109 ) $ 96 $ 206 $ (94 ) $ 112 Trade names 5 (2 ) 3 5 (1 ) 4 Total amortizable other intangible assets 210 (111 ) 99 211 (95 ) 116 Indefinite-lived trade names 32 — 32 32 — 32 Total other intangible assets $ 242 $ (111 ) $ 131 $ 243 $ (95 ) $ 148 During the year ended December 31, 2015, the Company recorded additions to other intangible assets of $104 million for the acquisition of Courier, the components of which were as follows: December 31, 2015 Amount Weighted Average Amortization Period (in years) Customer relationships $ 94 12.0 Trade names (amortizable) 5 3.0 Trade names (indefinite-lived) 5 N/A Total additions $ 104 Amortization expense for other intangible assets was $16 million, $17 million and $11 million for the years ended December 31, 2016, 2015 and 2014, respectively. The following table outlines the estimated annual amortization expense related to other intangible assets as of December 31, 2016: For the year ending December 31, Amount 2017 $ 16 2018 11 2019 10 2020 10 2021 9 2022 and thereafter 43 Total $ 99

Accounts Receivable

Accounts Receivable	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Accounts Receivable	Note 6. Accounts Receivable Transactions affecting the allowances for doubtful accounts receivable balance during the years ended December 31, 2016, 2015 and 2014 were as follows: 2016 2015 2014 Balance, beginning of year $ 11 $ 13 $ 12 Provisions charged to expense 6 3 5 Write-offs and other (7 ) (5 ) (4 ) Balance, end of year $ 10 $ 11 $ 13

Inventories

Inventories	12 Months Ended
	Dec. 31, 2016
Inventory Disclosure [Abstract]
Inventories	Note 7. Inventories The components of the Company’s inventories, net of excess and obsolescence reserves for raw materials and finished goods, at December 31, 2016 and 2015 were as follows: 2016 2015 Raw materials and manufacturing supplies $ 100 $ 102 Work in process 58 62 Finished goods 93 121 LIFO reserve (58 ) (67 ) Total $ 193 $ 218 During the years ended December 31, 2016 and 2015, the Company recognized a LIFO benefit of $1 million and $7 million, respectively. The Company recognized a de minimis amount of expense in the year ended December 31, 2014.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2016
Property Plant And Equipment [Abstract]
Property, Plant and Equipment	Note 8. Property, Plant and Equipment The components of the Company’s property, plant and equipment at December 31, 2016 and 2015 were as follows: 2016 2015 Land $ 42 $ 49 Buildings 762 774 Machinery and equipment 4,173 4,283 4,977 5,106 Accumulated depreciation (4,369 ) (4,388 ) Total $ 608 $ 718 During the years ended December 31, 2016, 2015 and 2014, depreciation expense was

Fair Value Measurement

Fair Value Measurement	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurement	Note 9. Fair Value Measurement Certain assets and liabilities are required to be recorded at fair value on a recurring basis. The Company’s assets and liabilities required to be adjusted to fair value on a recurring basis are pension plan assets. Refer to Note 14 , Retirement Plans, , Debt, In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company is required to record certain assets and liabilities at fair value on a nonrecurring basis, generally as a result of acquisitions or the remeasurement of assets resulting in impairment charges. Refer to Note 3 , Business Combinations, There was a de minimis amount of impairment charges during the year ended December 31, 2016. The fair value as of the measurement date, net book value as of the end of the year and related impairment charge for assets measured at fair value on a nonrecurring basis subsequent to initial recognition during the years ended December 31, 2015 and 2014 were as follows: Year Ended December 31, 2015 As of December 31, 2015 Impairment Charge Fair Value Measurement (Level 3) Net Book Value Long-lived assets held for sale or disposal $ 9 $ 15 $ 14 Total $ 9 $ 15 $ 14 Year Ended December 31, 2014 As of December 31, 2014 Impairment Charge Fair Value Measurement (Level 3) Net Book Value Long-lived assets held and used $ 1 $ 1 $ 1 Long-lived assets held for sale or disposal 3 11 1 Goodwill 100 — — Total $ 104 $ 12 $ 2 The fair values of assets held for sale that were remeasured during the years ended December 31, 2016, 2015 and 2014 were reduced by estimated costs to sell of $0 million, $0 million and $1 million, respectively. During the year ended December 31, 2014, goodwill for the magazines, catalogs and retail inserts reporting unit was written down to an implied fair value of zero. Refer to Note 4 , Restructuring, Impairment and Other Charges, The Company’s accounting and finance management determines the valuation policies and procedures for Level 3 fair value measurements and is responsible for the development and determination of unobservable inputs. The fair values of the long-lived assets held and used and long-lived assets held for sale or disposal were determined using Level 3 inputs and were estimated based on discussions with real estate brokers, review of comparable properties, if available, discussions with machinery and equipment brokers, dealer quotes and internal expertise related to the current marketplace conditions. Unobservable inputs obtained from third parties are adjusted as necessary for the condition and attributes of the specific asset.

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Dec. 31, 2016
Accrued Liabilities Current [Abstract]
Accrued Liabilities	Note 10. Accrued Liabilities The components of the Company’s accrued liabilities at December 31, 2016 and 2015 were as follows: 2016 2015 Employee-related liabilities $ 87 $ 55 Customer-related liabilities 37 36 Deferred revenue 33 34 Restructuring liabilities 13 19 Other 67 59 Total accrued liabilities $ 237 $ 203 Employee-related liabilities consist primarily of payroll, workers’ compensation, employee benefits, deferred compensation, and incentive compensation. Refer to Note 1, Overview and Basis of Presentation

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 11. Commitments and Contingencies As of December 31, 2016, the Company had commitments of $8 million for severance payments related to employee restructuring activities. In addition, as of December 31, 2016, the Company had commitments of approximately $15 million for the purchase of property, plant and equipment related to incomplete projects. The Company also has contractual commitments of approximately $35 million for outsourced services, including professional, maintenance and other services. The Company has natural gas commitments that are at fixed prices of $3 million. Future minimum rental commitments under operating leases are as follows: Year Ended December 31 Amount 2017 $ 40 2018 35 2019 31 2020 21 2021 17 2022 and thereafter 23 $ 167 The Company has operating lease commitments, including those for vacated facilities, totaling $167 million extending through various periods to 2028. Future rental commitments for leases have not been reduced by minimum non-cancelable sublease rentals aggregating approximately $12 million. The Company remains secondarily liable under these leases 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 agreements. Rent expense for facilities in use and equipment was $39 million, $29 million and $27 million for the years ended December 31, 2016, 2015 and 2014 respectively. Rent expense for vacated facilities was recognized as restructuring, impairment and other charges. Refer to Note 4 , Restructuring, Impairment and Other Charges Litigation The Company is subject to laws and regulations relating to the protection of the environment. The Company accrues for expenses associated with environmental remediation obligations when such amounts are probable and can be reasonably estimated. Such accruals are adjusted as new information develops or circumstances change and are generally not discounted. The Company has been designated as a potentially responsible party or has received claims in nine active federal and state Superfund and other multiparty remediation sites. In addition to these sites, the Company may also have the obligation to remediate four other previously and currently owned facilities. At the Superfund sites, the Comprehensive Environmental Response, Compensation and Liability Act provides that the Company’s liability could be joint and several, meaning that the Company could be required to pay an amount in excess of its proportionate share of the remediation costs. The Company’s understanding of the financial strength of other potentially responsible parties at the multiparty sites and of other liable parties at the previously owned facilities has been considered, where appropriate, in the determination of the Company’s estimated liability. The Company established reserves, recorded in accrued liabilities and other noncurrent liabilities, that it believes are adequate to cover its share of the potential costs of remediation at each of the multiparty sites and the previously and currently owned facilities. It is not possible to quantify with certainty the potential impact of actions regarding environmental matters, particularly remediation and other compliance efforts that the Company may undertake in the future. However, in the opinion of management, compliance with the present environmental protection laws, before taking into account estimated recoveries from third parties, will not have a material effect on the Company’s combined results of operations, financial position or cash flows. 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 and combined statements of income, balance sheets and cash flows.

Debt

Debt	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Debt	Note 12. Debt The Company’s debt at December 31, 2016 consisted of the following: 2016 Term Loan Facility due September 30, 2022 (a) $ 353 8.75% Senior Secured Notes due October 15, 2023 450 Capital lease obligations 6 Unamortized debt issuance costs (15 ) Total debt 794 Less: current portion (52 ) Long-term debt $ 742 (a) The borrowings under the term loan facility are subject to a variable interest rate. As of December 31, 2016 the interest rate was 7.00 %. __________________________________ The fair values of the senior notes and term loan facility, which were 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 debt was greater than its book value by approximately $22 million at December 31, 2016. On September 30, 2016, the Company issued $450 million of 8.75% Senior Secured Notes (the “Senior Notes”) due October 15, 2023. Interest on the Senior Notes is due semi-annually on April 15 and October 15, commencing on April 15, 2017. Net proceeds from the offering of the Senior Notes (“the Notes Offering”) were distributed to RRD in the form of a dividend. The Company did not retain any proceeds from the Notes Offering. The Senior Notes were issued pursuant to an indenture where certain wholly-owned domestic subsidiaries of the Company guarantee the Senior Notes (the “Guarantors”). The Senior Notes are fully and unconditionally guaranteed, on a senior secured basis, jointly and severally, 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. The Senior Notes are not guaranteed by the Company’s foreign subsidiaries or unrestricted subsidiaries. The Senior Notes and the related guarantees are secured on a first-priority lien basis by substantially all assets of the Company and the Guarantors, subject to certain exceptions and permitted liens. The Indenture governing the Senior 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. On September 30, 2016 the Company entered into a credit agreement (the “Credit Agreement”) which provides for (i) a new senior secured term loan B facility in an aggregate principal amount of $375 million (the “Term Loan Facility”) and (ii) a new senior secured revolving credit facility in an aggregate principal amount of $400 million (the “Revolving Credit Facility,”). The interest rate per annum applicable to the Term Loan Facility is equal to, at the Company’s option, either a base rate plus a margin of 5.00% or LIBOR plus a margin of 6.00%. The LIBOR rate is subject to a “floor” of 1%. The interest rate per annum applicable to the Revolving Credit Facility is equal to a base rate plus a margin ranging from 1.75% to 2.25%, or LIBOR plus a margin ranging from 2.75% to 3.25%, in either case based upon the Consolidated Leverage Ratio of the Company and its restricted subsidiaries. Interest on the Credit Agreement is due at least quarterly commencing on December 31, 2016. The Term Loan Facility will amortize in quarterly installments of $13 million for the first eight quarters and $11 million for subsequent quarters. The debt issuance costs and original issue discount are being amortized over the life of the facilities using the effective interest method. The Term Loan Facility will mature on September 30, 2022 and the Revolving Credit Facility will mature on September 30, 2021. The proceeds of any collection or other realization of collateral received in connection with the exercise of remedies and any distribution in respect of collateral in any bankruptcy proceeding will be applied first to repay amounts due under the Revolving Credit Facility before the lenders under the Term Loan Facility or the holders of the Senior Notes receive such proceeds. The Credit Agreement is subject to a number of covenants, including, but not limited to, a minimum Interest Coverage Ratio and the Consolidated Leverage Ratio, as defined in and calculated pursuant to the Credit Agreement, that, in part, restrict the Company’s ability to incur additional indebtedness, create liens, engage in mergers and consolidations, make restricted payments and dispose of certain assets. The Credit Agreement generally allows annual dividend payments of up to $50 million in aggregate, though additional dividends may be allowed subject to certain conditions. Each of these covenants is subject to important exceptions and qualifications. The Company has used the net proceeds from the Term Loan Facility to fund a cash dividend to RRD in connection with the spin off and to pay fees and expenses related to the spin off from RRD. The Company intends to use any additional borrowings under the Credit Facilities for general corporate purposes, including the financing of permitted investments. The weighted-average interest rate on borrowings under the Company’s $400 million Revolving Credit Facility was 3.5% during the three months ended December 31, 2016. As of December 31, 2016, the Company had $12 million in outstanding letters of credit issued under the Credit Agreement. As of December 31, 2016, the Company also had $16 million in other uncommitted credit facilities, primarily outside the U.S., (the “Other Facilities”). As of December 31, 2016, letters of credit and guarantees of a de minimis amount were issued and reduced availability under the Company’s Other Facilities. As of December 31, 2016, there were no borrowings under the Revolving Credit Facility and the Other Facilities (the “Combined Facilities”). At December 31, 2016, the future maturities of debt, including capitalized leases, were as follows: Amount 2017 $ 54 2018 49 2019 43 2020 43 2021 43 2022 and thereafter 586 Total (a) $ 818 (a) Excludes unamortized debt issuance costs of $6 million and $9 million related to the Company’s Term Loan Facility and 8.75% Senior Notes due October 15, 2023, respectively, and a discount of $9 million related to the Company’s Term Loan Facility. These amounts do not represent contractual obligations with a fixed amount or maturity date. The following table summarizes interest expense included in the Consolidated and Combined Statements of Income: 2016 2015 2014 Interest incurred $ 19 $ — $ — Less: interest income (1 ) (3 ) (4 ) Interest expense (income), net $ 18 $ (3 ) $ (4 ) Interest paid, net of interest received, was $7 million for the year ended December 31, 2016. Interest received, net of interest paid, was $1 million and $2 million for the years ended December 31, 2015 and 2014, respectively, as interest received was greater than interest payments for these years.

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Note 13. Earnings Per Share On October 1, 2016, RRD distributed approximately 26.2 million shares of LSC Communications common stock to RRD shareholders. RRD retained an additional 6.2 million shares. In connection with the total distribution of 26.2 million shares, each RRD shareholder received one share of LSC Communications common stock for every eight shares of RRD common stock held at the close of business on September 23, 2016, the record date. For the period after the separation, basic earnings per share (“EPS”) is calculated by dividing net earnings attributable to the Company’s shareholders by the weighted average number of common shares outstanding for the period. In computing diluted EPS, basic EPS is adjusted for the assumed issuance of all potentially dilutive share-based awards, including stock options, restricted stock units and performance share units. The computations of basic and diluted EPS for periods prior to the separation were calculated using the shares distributed and retained by RRD on October 1, 2016. The same number of shares was used to calculate basic and diluted earnings per share since there were no LSC Communications equity awards outstanding prior to the spinoff. Stock options are considered anti-dilutive when the exercise price exceeds the average market value of the Company’s stock price during the applicable period. The following table shows the calculation of basic and diluted EPS, as well as a reconciliation of basic shares to diluted shares: 2016 2015 2014 Net income per common share: Basic $ 3.25 $ 2.27 $ 1.79 Diluted $ 3.23 $ 2.27 $ 1.79 Numerator: Net income $ 106 $ 74 $ 58 Denominator: Weighted-average number of common shares outstanding 32.5 32.4 32.4 Dilutive options and awards 0.3 — — Dilutive weighted-average number of common shares outstanding 32.8 32.4 32.4 After the separation through the year ended December 31, 2016, no shares of common stock were purchased by the Company; however, shares were withheld for tax liabilities upon the vesting of equity awards. In the fourth quarter of 2016, a dividend of $0.25 per common share was declared.

Retirement Plans

Retirement Plans	12 Months Ended
	Dec. 31, 2016
Compensation And Retirement Disclosure [Abstract]
Retirement Plans	Note 14. Retirement Plans Benefit Plans Sponsored by RRD Prior to the separation, certain employees of the Company participated in certain pension and postretirement healthcare plans sponsored by RRD. In the Company’s combined financial statements prior to the separation, these plans were accounted for as multiemployer benefit plans, and as a result, the related net benefit obligations are not reflected in LSC Communications’ combined balance sheets as there were no unfunded contributions due at the end of the reporting period. Effective October 1, 2016 in connection with the separation, these plans were separated and the Company assumed certain net benefit plan obligations and plan assets that were previously recorded by RRD. For RRD sponsored defined benefit and post-employment plans, the Company recorded net pension and postretirement income of $28 million for the nine months ended September 30, 2016, and $22 million and $24 million for the years ended December 31, 2015 and 2014, respectively. These amounts are reflected in cost of sales and selling, general and administrative expenses in the consolidated and combined statements of income. LSC Communications’ Sponsored Benefit Plans The Company is the sole sponsor of certain defined benefit pension plans, which have been reflected in the consolidated balance sheet as of December 31, 2016 and the combined balance sheet as of December 31, 2015. At the separation date, the Company assumed and recorded certain pension obligations and plan assets in single employer plans for the Company’s employees and certain former employees and retirees of RRD. The Company recorded a net benefit plan obligation of $358 million as of October 1, 2016 related to these plans. Additionally, the Company’s United Kingdom pension plan was transferred to RRD at the separation date, and as a result, the Company recorded a reduction in its net benefit plan asset of $7 million as of October 1, 2016. The Company’s primary single employer defined benefit pension plans are frozen. No new employees will be permitted to enter those plans and participants will earn no additional benefits. The assets and certain obligations of the defined benefit pension plans transferred to the Company include a plan qualified under Section 401(a) of the Internal Revenue Code of 1986, as amended (the “Qualified Plans”) and related non-qualified benefits (the “Non-Qualified Plan”). The Qualified Plans will be funded in conformity with the applicable government regulations, such that the Company from time to time contributes at least the minimum amount required using actuarial cost methods and assumptions acceptable under government regulations. The Non-Qualified Plan is unfunded, and the Company pays retiree benefits as they become due. The Company engages outside actuaries to assist in the determination of the obligations and costs under these plans. The Company records annual income and expense amounts relating to its pension plans based on calculations which include various actuarial assumptions such as discount rates, mortality, assumed rate of return, compensation increases, and turnover rates. The Company reviews its actuarial assumptions on an annual basis and makes modifications to the assumptions based on current rates and trends when it is deemed appropriate to do so. The effect of modifications on the value of plan obligations and assets is recognized immediately within other comprehensive income (loss) and amortized into operating earnings over future periods. The Company believes that the assumptions utilized in recording its obligations under its plans are reasonable based on its experience, market conditions and input from its actuaries and investment advisors. As of December 31, 2015, the Company changed the method used to estimate the interest cost components of net pension plan expense for its defined benefit pension plans. Historically, the interest cost components were estimated using a single weighted-average discount rate derived from the yield curve used to measure the projected benefit obligation at the beginning of the period. The Company has elected to use a full yield curve approach in the estimation of these interest components of net pension plan expense by applying the specific spot rates along the yield curve used in the determination of the projected benefit obligation to the relevant projected cash flows. The Company made this change to improve the correlation between projected benefit cash flows and the corresponding yield curve spot rates and to provide a more precise measurement of interest costs. This change does not affect the measurement and calculation of the Company’s total benefit obligations. The Company accounted for this change as a change in estimate and accordingly accounted for it prospectively starting in the first quarter of 2016. In the fourth quarter of 2015, the Company communicated to certain former Esselte employees the option to receive a lump-sum pension payment or commence annuity payments computed in accordance with statutory requirements, beginning in the second quarter of 2016. Payments to eligible participants who elected to receive a lump-sum pension payment or annuity were funded from existing pension plan assets and constituted a complete settlement of the Company’s pension liabilities with respect to these participants. The Company’s pension assets and liabilities were remeasured as of the payout date. The discount rates and actuarial assumptions used to calculate the payouts were determined in accordance with federal regulations. As of the remeasurement date, the reduction in the reported pension obligation for these participants was $35 million, compared to payout amounts of approximately $30 million . The Company recorded non-cash settlement charges of $1 million in selling, general and administrative expenses in the year ended December 31, 2016 in connection with the settlement payments. These charges resulted from the recognition in earnings of a portion of the actuarial losses recorded in accumulated other comprehensive loss based on the proportion of the obligation settled. The Company made contributions of $5 million to its pension plans during the year ended December 31, 2016. Based on the plans’ regulatory funded status, there are no required contributions for the Company’s two primary Qualified Plans in 2017. The required contributions in 2017, primarily for the Non-Qualified Plan, are expected to be approximately $5 million to $7 million to its pension plans in 2017. The benefit plan obligations are calculated using generally accepted actuarial methods and are measured as of December 31. Prior to the plan freezes, actuarial gains and losses were amortized using the corridor method over the average remaining service life of active plan participants. Actuarial gains and losses for frozen plans are amortized using the corridor method over the average remaining expected life of active plan participants. The components of the net periodic benefit (income) expense were as follows: Pension Benefits 2016 2015 2014 Qualified Non-Qualified & International Qualified Non-Qualified & International Qualified Non-Qualified & International Service cost $ — $ — $ — $ — $ — $ — Interest cost 24 6 7 9 6 11 Expected return on plan assets (48 ) (7 ) (11 ) (13 ) (8 ) (15 ) Amortization of actuarial loss 6 1 — 1 — 1 Settlement 1 — — — — — Net periodic benefit income $ (17 ) $ — $ (4 ) $ (3 ) $ (2 ) $ (3 ) Weighted average assumption used to calculate net periodic benefit expense: Discount rate 3.8 % 3.8 % 4.2 % 3.8 % 4.7 % 4.6 % Expected return on plan assets 7.2 % 7.2 % 6.5 % 6.3 % 6.5 % 7.0 % The accumulated benefit obligation for the LSC Communications sponsored defined qualified benefit pension plans was $2,439 million and $168 million at December 31, 2016 and December 31, 2015, respectively. The accumulated benefit obligation for the LSC Communications sponsored defined non-qualified and international benefit pension plans was $90 million and $218 million at December 31, 2016 and 2015, respectively. Pension Benefits 2016 2015 Qualified Non-Qualified & International Qualified Non-Qualified & International Benefit obligation at beginning of year $ 168 $ 220 181 241 Service cost — — — — Interest cost 24 6 7 9 Actuarial gain (186 ) (7 ) (14 ) (3 ) Settlement (30 ) — — — Foreign currency translation — (27 ) — (11 ) Benefits paid (39 ) (10 ) (9 ) (10 ) Plan transfers prior to separation — — — (6 ) Plan transfers from parent company 2,502 97 — — Plan transfers to parent company — (187 ) — — Acquisitions — — 3 — Benefit obligation at end of year $ 2,439 $ 92 $ 168 $ 220 Fair value of plan assets at beginning of year $ 169 $ 220 $ 182 $ 235 Actual return on assets (93 ) 9 (6 ) 1 Settlement (30 ) — — — Employer contributions 1 4 — 6 Acquisitions — — 2 — Foreign currency translation — (27 ) — (12 ) Plan transfers from parent company 2,241 — — — Plan transfers to parent company — (194 ) — — Benefits paid (39 ) (10 ) (9 ) (10 ) Fair value of plan assets at end of year $ 2,249 2 $ 169 $ 220 (Unfunded) funded status at end of year $ (190 ) $ (90 ) $ 1 $ — Pension Benefits 2016 2015 Qualified Non-Qualified & International Qualified Non-Qualified & International Prepaid pension cost (included in other noncurrent assets) $ 4 $ — $ 2 $ — Accrued benefit cost (included in accrued liabilities) — (5 ) — — Pension liabilities (194 ) (85 ) (1) — Net (liabilities) assets recognized in the consolidated and combined balance sheets $ (190 ) $ (90 ) $ 1 $ — The amounts included in accumulated other comprehensive loss in the consolidated and combined balance sheets, excluding tax effects, that have not been recognized as components of net periodic cost at December 31, 2016 and 2015 were as follows: Pension Benefits 2016 2015 Qualified Non-Qualified & International Qualified Non-Qualified & International Accumulated other comprehensive loss Net actuarial loss $ (727 ) $ (25 ) $ (3 ) $ (60 ) Total $ (727 ) $ (25 ) $ (3 ) $ (60 ) The pre-tax amounts recognized in other comprehensive loss in 2016 as components of net periodic costs were as follows: Pension Benefits Qualified Non-Qualified & International Amortization of: Net actuarial loss $ 6 $ 1 Amounts arising during the period: Net actuarial gain 46 9 Settlement 1 — Total $ 53 $ 10 Actuarial gains and losses in excess of 10.0% of the greater of the projected benefit obligation or the market-related value of plan assets were recognized as a component of net periodic benefit costs over the average remaining service period of a plan’s active employees. Unrecognized prior service costs or credits are also recognized as a component of net periodic benefit cost over the average remaining service period of a plan’s active employees. The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit costs in 2017 are shown below: Pension Benefits Qualified Non-Qualified & International Amortization of: Net actuarial loss $ 17 $ 1 The weighted-average assumptions used to determine the net benefit obligation at the measurement date were as follows: Pension Benefits 2016 2015 Qualified Non-Qualified & International Qualified Non-Qualified & International Discount rate 4.3 % 4.3 % 4.6 % 3.8 % The following table provides a summary of pension plans with projected benefit obligations in excess of plan assets as of December 31, 2016 and 2015: Pension Benefits 2016 2015 Qualified Non-Qualified & International Qualified Non-Qualified & International Projected benefit obligation $ 2,306 $ 92 $ 3 $ 3 Fair value of plan assets 2,112 2 2 2 The following table provides a summary of pension plans with accumulated benefit obligations in excess of plan assets as of December 31, 2016 and 2015: Pension Benefits 2016 2015 Qualified Non-Qualified & International Qualified Non-Qualified & International Accumulated benefit obligation $ 2,306 $ 90 $ 3 $ — Fair value of plan assets 2,112 1 2 — The Company determines its assumption for the discount rate to be used for purposes of computing annual service and interest costs based on an index of high-quality corporate bond yields and matched-funding yield curve analysis as of the measurement date. Benefit payments are expected to be paid as follows: Pension Benefits Qualified Non-Qualified & International 2017 $ 123 5 2018 127 5 2019 132 5 2020 135 6 2021 139 6 2022-2026 740 30 Plan Assets The Company’s overall investment approach for its primary Qualified Plan, is to reduce the risk of significant decreases in the plan’s funded status by allocating a larger portion of the plan’s assets to investments expected to hedge the impact of interest rate risks on the plan’s obligation. Over time, the target asset allocation percentage for the pension plan is expected to decrease for equity and other “return seeking” investments and increase for fixed income and other “hedging” investments. The assumed long-term rate of return for plan assets, which is determined annually, is likely to decrease as the asset allocation shifts over time. The expected long-term rate of return for plan assets is based upon many factors including asset allocation, historical asset returns, current and expected future market conditions, risk and active management premiums. The target asset allocation percentage as of December 31, 2016 for the primary Qualified Plan was approximately 60.0% for return seeking investments and approximately 40.0% for hedging investments. During the year ended December 31, 2016, the Company adopted ASU 2015-07 “Fair Value Measurement: Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share (or Its Equivalent)”. The new guidance requires for investments valued using net asset value (“NAV”) to be classified as a reconciling item between the fair value hierarchy table shown below and the amount of investments in the balance sheet. The new pronouncement was adopted retroactively to the disclosure of 2015 assets. The Company segregated its plan assets by the following major categories and levels for determining their fair value as of December 31, 2016 and 2015: Cash and cash equivalents —Carrying value approximates fair value. As such, these assets were classified as Level 1. The Company also invests in certain short-term investments which are valued using the amortized cost method. As such, these assets were classified as Level 2. Equity— The value of individual equity securities were based on quoted prices in active markets. As such, these assets are classified as Level 1. Additionally, this category includes underlying securities in trust-owned life insurance policies which are invested in certain equity securities. These investments are not quoted on active markets; therefore, they are classified as Level 2. Fixed income— Fixed income securities are typically priced based on a valuation model rather than a last trade basis and are not exchange-traded. These valuation models involve utilizing dealer quotes, analyzing market information, estimating prepayment speeds and evaluating underlying collateral. Accordingly, the Company classified these fixed income securities as Level 2. Fixed income securities also include investments in various asset-backed securities that are part of a government sponsored program. The prices of these asset-backed securities were obtained by independent third parties using multi-dimensional, collateral specific prepayments tables. Inputs include monthly payment information and collateral performance. As the values of these assets was determined based on models incorporating observable inputs, these assets were classified as Level 2. Additionally, this category includes underlying securities in trust owned life insurance policies which are invested in certain fixed income securities. These investments are not quoted on active markets; therefore, they are classified as Level 2. Derivatives and other— This category includes investments in commodity and structured credit funds that are not quoted on active markets; therefore, they are classified as Level 2. Real estate —The fair market value of real estate investment trusts is based on observable inputs for similar assets in active markets, for instance, appraisals and market comparables. Accordingly, the real estate investments were categorized as Level 2. Investments measured at NAV as a practical expedient— The Company invests in certain equity, real estate and private equity funds that are valued at calculated NAV per share. In accordance with FASB guidance investments that are measured at fair value using the NAV per share as a practical expedient have not been classified in the fair value hierarchy. For Level 2 plan assets, management reviews significant investments on a quarterly basis including investigation of unusual fluctuations in price or returns and obtaining an understanding of the pricing methodology to assess the reliability of third-party pricing estimates. The valuation methodologies described above may generate a fair value calculation that may not be indicative of net realizable value or future fair values. While the Company believes the valuation methodologies used are appropriate, the use of different methodologies or assumptions in calculating fair value could result in different amounts. The Company invests in various assets in which valuation is determined by NAV. The Company believes that the NAV is representative of fair value at the reporting date, as there are no significant restrictions on redemption of these investments or other reasons to indicate that the investment would be redeemed at an amount different than the NAV. The fair values of the Company’s pension plan assets at December 31, 2016 and 2015, by asset category were as follows: December 31, 2016 December 31, 2015 Asset Category Total Level 1 Level 2 Total Level 1 Level 2 Cash and cash equivalents $ 80 $ 50 $ 30 $ 12 $ 12 $ — Equity 595 595 — — — — Fixed income 802 — 802 44 — 44 Derivatives and other — — — 18 2 16 Investments measurement at NAV as a practical expedient 774 — — 315 — — Total $ 2,251 $ 645 $ 832 $ 389 $ 14 $ 60 Employer 401(k) Savings Plan— Prior to the separation, RRD maintained a defined contribution retirement savings plan (401(k)) that is intended to be qualified under Section 401(a) of the Internal Revenue Code in which eligible employees of the Company were allowed to participate for the period beginning July 1, 2016 through September 1, 2016. Under this plan, employees had the option to contribute a percentage of eligible compensation on both a before-tax and after-tax basis. RRD could have provided a 401(k) discretionary match to participants, but did not in 2016, 2015 or 2014. Effective September 2, 2017, LSC Communications initiated its own 401(k) plan. Under the LSC Savings Plan (the “Plan”), eligible employees have the option to contribute a percentage of eligible compensation on both a before-tax and after-tax basis. Effective January 1, 2017, LSC Communications amended the Plan to provide a company match equal to $0.50 of every pre-tax and Roth 401(k) dollar a participating employee contributes to the Plan on up to the first 3.0% of such participant’s pay. Multi-Employer Pension Plans —Multi-employer plans receive contributions from two or more unrelated employers pursuant to one or more collective bargaining agreements and the assets contributed by one employer may be used to fund the benefits of all employees covered within the plan. The risk and level of uncertainty related to participating in these multi-employer pension plans differs significantly from the risk associated with the Company-sponsored defined benefit plans. For example, investment decisions are made by parties unrelated to the Company and the financial stability of other employers participating in a plan may affect the Company’s obligations under the plan. During the year ended December 31, 2016, the Company recorded restructuring, impairment and other charges of $5 million for multi-employer pension plan withdrawal obligations. Of these charges, $3 million were unrelated to facility closures and $2 million were primarily related to facility closures. During the year ended December 31, 2015, the Company recorded restructuring, impairment and other charges of $4 million for multi-employer pension plan withdrawal obligations. Of these charges, $3 million were unrelated to facility closures and $1 million were primarily related to facility closures. For the year ended December 31, 2014, the Company recorded restructuring, impairment and other charges of $18 million associated with its estimated liability for withdrawing from two defined benefit multi-employer pension plans. Of these charges, $17 million were due to the Company’s decision to withdraw from the two defined benefit multiemployer pension plans and $1 million were primarily related to facility closures. Refer to Note 4 , Restructuring, Impairment and Other Charges, The Company’s withdrawal liabilities could be affected by the financial stability of other employers participating in the plans and any decisions by those employers to withdraw from the plans in the future. While it is not possible to quantify the potential impact of future events or circumstances, reductions in other employers’ participation in multi-employer pension plans, including certain plans from which the Company has previously withdrawn, could have a material impact on the Company’s previously estimated withdrawal liabilities, may affect consolidated and combined statements of income, balance sheets or cash flows. As a result of the acquisition of Courier, the Company participates in two multi-employer pension plans, one of which the Company’s contributions are approximately 85% of the total plan contributions. Both plans are estimated to be underfunded and have a red zone status, designated as a result of low contribution funding levels, under the Pension Protection Act. During the years ended December 31, 2016, December 31, 2015 and December 31, 2014, the Company made de minimis contributions to these multi-employer pension plans and other plans from which the Company has completely withdrawn as of December 31, 2016.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 15. Income Taxes Prior to the separation, in the Company’s combined financial statements, income tax expense and deferred tax balances were calculated on a separate return basis, although with respect to certain entities, the Company’s operations have historically been included in the tax returns filed by the respective RRD entities of which the Company’s business was a part. After the separation, the Company will file tax returns on its own behalf. The provision for income tax and income tax balances represent the Company's tax liabilities as an independent company. Income taxes have been based on the following components of earnings from operations before income taxes for the years ended December 31, 2016, 2015 and 2014: 2016 2015 2014 U.S. $ 129 $ 136 $ 61 Foreign 28 2 27 Total $ 157 $ 138 $ 88 The components of income tax expense (benefit) from operations for the years ended December 31, 2016, 2015 and 2014 were as follows: 2016 2015 2014 Current U.S. federal $ 54 $ 76 $ 71 U.S. state and local 10 13 13 Foreign 5 13 5 Current income tax expense 69 102 89 Deferred U.S. federal (17 ) (31 ) (43 ) U.S. state and local (3 ) (5 ) (7 ) Foreign 2 (2 ) (9 ) Deferred income tax benefit (18 ) (38 ) (59 ) Income tax expense $ 51 $ 64 $ 30 Refer to Note 16, Comprehensive Income The following table outlines the reconciliation of differences between the Federal statutory tax rate and the Company’s effective income tax rate: 2016 2015 2014 Federal statutory tax rate 35.0 % 35.0 % 35.0 % State and local income taxes, net of U.S. federal income tax benefit 3.1 3.8 4.3 Change in valuation allowances 0.9 2.5 (5.6 ) Foreign tax rate differential (1.4 ) 0.8 (3.1 ) International investment tax credit (1.6 ) (1.8 ) (7.4 ) Domestic manufacturing deduction (3.1 ) (4.4 ) (6.7 ) Adjustment of uncertain tax positions and interest — 4.4 — Acquisition-related expenses — 3.0 0.5 Impairment charges — — 17.9 Other (0.4 ) 3.2 (0.7 ) Effective income tax rate 32.5 % 46.5 % 34.2 % Included in 2015 is a tax expense of $6 million that was recorded due to the receipt of an unfavorable court decision related to payment of prior year taxes in an international jurisdiction. Deferred income taxes The significant deferred tax assets and liabilities at December 31, 2016 and 2015 were as follows: 2016 2015 Deferred tax assets: Pension benefits plan liabilities $ 126 $ 19 Net operating losses and other tax carryforwards 106 126 Accrued liabilities 57 31 Foreign depreciation 10 12 Other 6 8 Total deferred tax assets 305 196 Valuation allowances (87 ) (106 ) Net deferred tax assets $ 218 $ 90 Deferred tax liabilities: Accelerated depreciation $ (91 ) $ (126 ) Other intangible assets (56 ) (62 ) Inventories (11 ) (14 ) Other (5 ) (4 ) Total deferred tax liabilities (163 ) (206 ) Net deferred tax assets (liabilities) $ 55 $ (116 ) In the fourth quarter of 2015, the Company adopted Accounting Standards Update No. 2015-17 “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes” (“ASU 2015-17”), which requires all deferred tax liabilities and assets to be classified as noncurrent on the balance sheet. The Company adopted the standard prospectively. Therefore, deferred tax balances above are classified as noncurrent in the consolidated and combined balance sheets as of December 31, 2016 and 2015. Included in 2016 is a deferred tax asset balance related to the Company’s assumption of certain pension obligations and plan assets in single employer plans for the Company’s employees and certain employees and former employees and retirees of RRD. The Company recorded a deferred tax asset of $139 million on October 1, 2016 for these plans. Transactions affecting the valuation allowances on deferred tax assets during the years ended December 31, 2016, 2015 and 2014 were as follows: 2016 2015 2014 Balance, beginning of year $ 106 $ 111 $ 135 Current year expense-net 1 3 (5 ) Write-offs — — — Transfer of U.K. entity to parent company (7 ) — — Foreign exchange and other (13 ) (8 ) (19 ) Balance, end of year $ 87 $ 106 $ 111 As of December 31, 2016, the Company had domestic and foreign net operating loss deferred tax assets and other tax carryforwards of approximately $5 million and $101 million ($6 million and $120 million, respectively, at December 31, 2015), of which $105 million expires between 2017 and 2026. Limitations on the utilization of these tax assets may apply. The Company has provided valuation allowances to reduce the carrying value of certain deferred tax assets, as management has concluded that, based on the weight of available evidence, it is more likely than not that the deferred tax assets will not be fully realized. Deferred income taxes are not provided on the excess of the investment value for financial reporting over the tax basis of investments in those foreign subsidiaries for which such excess is considered to be permanently reinvested in those operations. Undistributed earnings of foreign subsidiaries that are considered indefinitely reinvested outside of the U.S. were approximately $92 million as of December 31, 2016. Upon repatriation of these earnings to the U.S. in the form of dividends or otherwise, the Company may be subject to U.S. income taxes and foreign taxes. The tax cost would depend on income tax laws and circumstances at the time of distribution. Cash payments for income taxes were $14 million, $3 million and $4 million during the years ended December 31, 2016, 2015 and 2014, respectively. Total amounts settled with RRD were $57 million, $88 million, and $86 million for 2016, 2015, and 2014, respectively. Cash refunds for income taxes were $3 million and $5 million during the years ended December 31, 2016 and 2015, respectively. Cash refunds were de minimis in 2014. Uncertain tax positions Changes in the Company’s unrecognized tax benefits at December 31, 2016 and 2015 were as follows: 2016 2015 Balance, beginning of year $ 5 $ — Additions for tax positions of prior years — 5 Settlements during the year (5 ) — Foreign exchange and other — — Balance, end of year $ — $ 5 There were no uncertain tax positions during the year ended December 31, 2014. The Company classifies interest expense and any related penalties related to income tax uncertainties as a component of income tax expense. The total interest expense, net of tax benefits, related to tax uncertainties recognized in the consolidated and combined statements of income was expense of $0 million, $1 million and $0 million for the years ended December 31, 2016, 2015 and 2014. No benefits were recognized for the years ended December 31, 2016, 2015, and 2014, from the reversal of accrued penalties. Accrued interest of $2 million related to income tax uncertainties was reported as a component of other noncurrent liabilities in the consolidated and combined balance sheets at December 31, 2015. There was no interest accrued at December 31, 2016. There were no accrued penalties related to income tax uncertainties for years ended December 31, 2016 and 2015. The Company has tax years from 2012 that remain open and subject to examination by the IRS, certain state taxing authorities or certain foreign tax jurisdictions.

Comprehensive Income

Comprehensive Income	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Comprehensive Income	Note 16. Comprehensive Income The components of other comprehensive income (loss) and income tax expense allocated to each component for the years ended December 31, 2016, 2015 and 2014 were as follows: 2016 2015 2014 Before Tax Amount Income Tax Expense Net of Tax Amount Before Tax Amount Income Tax Expense Net of Tax Amount Before Tax Amount Income Tax Expense Net of Tax Amount Translation adjustments $ 5 $ — $ 5 $ (28 ) $ — $ (28 ) $ (33 ) $ — $ (33 ) Adjustment for net periodic pension plan cost 63 28 35 (10 ) (1 ) (9 ) 1 — 1 Other comprehensive income (loss) $ 68 $ 28 $ 40 $ (38 ) $ (1 ) $ (37 ) $ (32 ) $ — $ (32 ) The following table summarizes the change in the component in accumulated other comprehensive loss by component for the years ended December 31, 2016, 2015 and 2014. Pension and Other Postretirement Benefits Plan Cost Translation Adjustments Total Balance at December 31, 2013 $ (38 ) $ (98 ) $ (136 ) Other comprehensive loss before reclassifications — (33 ) (33 ) Amounts reclassified from accumulated other comprehensive loss 1 — 1 Net change in accumulated other comprehensive loss 1 (33 ) (32 ) Balance at December 31, 2014 $ (37 ) $ (131 ) $ (168 ) Other comprehensive loss before reclassifications (10 ) (28 ) (38 ) Amounts reclassified from accumulated other comprehensive loss 1 — 1 Net change in accumulated other comprehensive loss (9 ) (28 ) (37 ) Balance at December 31, 2015 $ (46 ) $ (159 ) $ (205 ) Other comprehensive income before reclassifications 29 5 34 Amounts reclassified from accumulated other comprehensive loss 6 — 6 Transfer of pension plan from parent company, net (495 ) — (495 ) Transfer of U.K. entity to parent company, net 44 85 129 Net change in accumulated other comprehensive loss (416 ) 90 (326 ) Balance at December 31, 2016 $ (462 ) $ (69 ) $ (531 ) On October 1, 2016, the other comprehensive loss balances related to the primary qualified and non-qualified pension plans were transferred from RRD to the Company. Additionally, the other comprehensive loss balance related to the United Kingdom pension plan was transferred from the Company to RRD. Refer to Note 14, Retirement Plans Reclassifications from accumulated other comprehensive loss for the year ended December 31, 2016, 2015 and 2014 were as follows: Classification in the Consolidated and Combined 2016 2015 2014 Statements of Income Amortization of pension and other postretirement benefits plan cost: Net actuarial loss $ 7 $ 1 $ 1 (a) Settlement 1 — — Reclassifications before tax $ 8 $ 1 1 Income tax expense 2 — — Reclassifications, net of tax $ 6 $ 1 $ 1 (a) These accumulated other comprehensive income components are included in the calculation of net periodic pension benefits plan (income) expense recognized in cost of sales and selling, general and administrative expenses in the consolidated and combined statements of income (see Note 14, Retirement Plans

Stock and Incentive Programs

Stock and Incentive Programs	12 Months Ended
	Dec. 31, 2016
Share Based Compensation [Abstract]
Stock and Incentive Programs	Note 17. Stock and Incentive Programs Prior to the separation, RRD maintained an incentive stock program for the benefit of its officers, directors, and certain employees, including the Company’s employees. A portion of the Company’s employees have participated in RRD’s non-qualified stock options, restricted stock units (“RSUs”) and performance share units (“PSUs”) programs. Share based compensation expense included expense attributable to the Company based on the award terms previously granted to the Company’s employees and an allocation of compensation expense associated with RRD’s corporate and shared functional employees. As the share-based compensation plans were RRD’s plans, the amounts were recognized through net parent company investment on the combined balance sheets. In periods after the separation, the Company records share-based compensation expense relating to LSC Communications, RRD and Donnelley Financial awards held by its employees, officers and directors. In connection with the separation, outstanding RRD stock options, RSUs and PSUs previously issued under RRD’s incentive stock program were adjusted and converted into new LSC Communications, RRD, or Donnelley Financial stock-based awards using a formula designed to preserve the intrinsic value and fair value of the awards immediately prior to the separation. As the separation date, the outstanding RRD options related to the 2009, 2010, 2011, and 2012 grants were modified and converted into stock options in all three companies at a conversion rate outlined in the separation and distribution agreement. The outstanding shares related to the 2013 and 2014 RRD RSUs were modified and converted into RSUs in all three companies as outlined in the separation and distribution agreement. The outstanding shares related to the 2015 and 2016 RRD RSUs were converted into RSUs in the company that the grantees were employed by at the separation date. Modifications were made to the RRD PSUs so that as of the separation date, the performance period for the 2014 and 2015 PSU grants ended. The applicable performance was measured as of the separation date against revised cumulative free cash flow targets approved by the RRD Board of Directors. The 2014 PSUs converted into RSUs in all three companies in accordance with the separation and distribution agreement. The 2015 PSUs converted into RSUs in the company that the grantees were employed by at the separation date. Total compensation expense related to all share based compensation plans for the Company’s employees, officers and directors was $8 million for the year ended December 31, 2016, which includes $5 million of expense allocated from RRD prior to the separation. The Company was allocated share-based compensation expense from RRD related to all share-based compensation plans of $6 million each for the years ended December 31, 2015 and 2014. General Terms of the Awards The Company’s employees participate in the Company’s 2016 Performance Incentive Plan (the “2016 PIP”). Under the 2016 PIP, the Company may grant cash or bonus awards, stock options, stock appreciation rights, restricted stock awards, RSUs, performance awards or combinations thereof to certain officers, directors and key employees. Options generally vest over four years or less from the date of grant, upon retirement or upon a change in control. Options generally expire ten years from the date of grant or five years after the date of retirement, whichever is earlier. The rights granted to the recipient of RSUs generally accrue ratably over the restriction or vesting period, which is generally four years. RSUs are subject to forfeiture upon termination of employment prior to vesting, subject in some cases to early vesting upon specified events, including death or permanent disability of the grantee, termination of the grantee’s employment under certain circumstances or a change in control of the Company. Compensation expense is based on the fair market value of the awards on the date of grant expensed ratably over the periods during which restrictions lapse. Stock Options There were no options granted during the years ended December 2016, 2015 and 2014. A summary of the Company’s stock option activity for LSC Communications, RRD and Donnelley Financial employees, officers and directors for the period after the separation is presented below. Shares Under Option (thousands) Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value (millions) Awards converted on October 1, 2016 299 $ 25.32 Outstanding at December 31, 2016 299 25.32 3.32 $ 2 Vested and expected to vest at December 31, 2016 299 25.32 3.32 2 Exercisable at December 31, 2016 299 $ 25.32 3.32 $ 2 The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on December 31, 2016 and October 1, 2016, respectively, and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their in-the-money options on December 31, 2016 and October 1, 2016. This amount will change in future periods based on the fair market value of LSC’s stock and the number of options outstanding. Total intrinsic value of options exercised for the year ended December 31, 2016 was de minimis. Compensation expense related to stock options for the years ended December 31, 2016, 2015 and 2014 was de minimis. Restricted Stock Units A summary of the Company’s RSU activity for LSC Communications, RRD and Donnelley Financial employees, officers and directors for the period after the separation is presented below. Shares (thousands) Weighted Average Grant Date Fair Value Awards converted on October 1, 2016 652 $ 28.39 Granted 19 26.26 Vested (19 ) 26.26 Nonvested at December 31, 2016 652 28.39 Compensation expense related to LSC Communications, RRD and Donnelley Financial RSUs held by Company employees, officers and directors was $7 million, $4 million and $4 million for the years ended December 31, 2016, 2015 and 2014, respectively. As of December 31, 2016, there was $10 million of unrecognized share-based compensation expense related to approximately 800 thousand RSUs, with a weighted-average grant date fair value of $27.14, that is expected to vest over a weighted average period of 1.7 years. The fair value of these awards was determined based on the Company’s stock price on the grant date reduced by the present value of expected dividends through the vesting period. Performance Restricted Stock A summary of performance restricted stock (“PRS”) activity for the period after the separation is presented below. Shares (thousands) Weighted Average Grant Date Fair Value Awards converted on October 1, 2016 — $ — Granted 434 26.26 Nonvested at December 31, 2016 434 $ 26.26 As of October 1, 2016, 434,463 shares of PRS were granted to certain executive officers and senior management, payable upon the achievement of certain established performance targets. The performance periods for the shares are October 1, 2016 through September 30, 2017, October 1, 2017 through September 30, 2018 and October 1, 2018 through September 30, 2019. In addition to being subject to achievement of the performance target, the shares are also subject to time-based vesting and will vest one-third on each anniversary of the grant date. Both the performance-based vesting and the time-based vesting must be met for the restricted stock to vest. The total potential payout for the awards is 434,463 shares. The fair value of these awards was determined on the date of grant based on the Company’s stock price. These awards are subject to forfeiture upon termination of employment prior to vesting, subject in some cases to early vesting upon specified events, including death, permanent disability or retirement of the grantee or change of control of the Company. Compensation expense for the awards is being recognized based on 100% estimated payout of 434,463 shares. Compensation expense related to PRS for the year ended December 31, 2016 was $1 million. As of December 31, 2016, there was $10 million of unrecognized compensation expense related to PRS, which is expected to be recognized over a weighted average period of 2.8 years.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Segment Information	Note 18. Segment Information The Company’s segment and product and service offerings are summarized below: Print The Print segment produces magazines, catalogs, retail inserts, books, and directories. The segment also provides supply-chain management and certain other print-related services, including mail-list management and sortation, e-book formatting and distribution. The segment has operations in the U.S., Europe and Mexico. The Print segment is divided into the magazines, catalog and retail inserts, book, Europe and directories reporting units. The Print segment accounted for approximately 86% of the Company’s consolidated and combined net sales in 2016. Office Products The Office Products segment manufactures and sell branded and private label products in five core categories: filing products, note-taking products, binder products, forms and envelopes. The Office Products segment accounted for approximately 14% of the Company’s consolidated and combined net sales in 2016. Corporate Corporate consists of unallocated selling, general and administrative activities and associated expenses including, in part, executive, legal, finance, communications, certain facility costs and LIFO inventory provisions. In addition, certain costs and earnings of employee benefit plans, such as pension and other postretirement benefit plan income and share-based compensation, are included in Corporate and not allocated to the operating segments. Prior to the separation, many of these costs were based on allocations from RRD; however, the Company has incurred such costs directly after the separation. 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 with the Consolidated and Combined Financial Statements. Net Sales Income (Loss) from Operations Assets of Operations Depreciation and Amortization Capital Expenditures Year ended December 31, 2016 Print $ 3,127 $ 141 $ 1,501 $ 154 39 Office Products 527 54 323 15 3 Total operating segments 3,654 195 1,824 169 42 Corporate — (20 ) 128 2 6 Total operations $ 3,654 $ 175 $ 1,952 $ 171 $ 48 Net Sales Income (Loss) from Operations Assets of Operations Depreciation and Amortization Capital Expenditures Year ended December 31, 2015 Print $ 3,181 $ 96 $ 1,647 $ 164 $ 38 Office Products 562 47 324 16 4 Total operating segments 3,743 143 1,971 180 42 Corporate — (8 ) 40 1 — Total operations $ 3,743 $ 135 $ 2,011 $ 181 $ 42 Net Sales Income (Loss) from Operations Assets of Operations Depreciation and Amortization Capital Expenditures Year ended December 31, 2014 Print $ 3,353 $ 47 $ 1,579 $ 164 $ 55 Office Products 500 40 331 15 5 Total operating segments 3,853 87 $ 1,910 179 60 Corporate — (12 ) (41 ) 2 — Total operations $ 3,853 $ 75 $ 1,869 $ 181 $ 60 Corporate assets primarily consisted of the following items at December 31, 2016, 2015 and 2014: 2016 2015 2014 Receivables, less allowances for doubtful accounts $ 54 $ (8 ) $ (5 ) Cash and cash equivalents 45 — 1 Long-term investments 19 10 11 Property, plant and equipment, net 15 13 13 LIFO reserves (58 ) (67 ) (74 ) Current and deferred income tax assets, net of valuation allowances 24 83 (1 ) Restructuring, impairment and other charges by segment for the year ended December 31, 2016, 2015 and 2014 are described in Note 4, Restructuring, Impairment and Other Charges.

Geographic Areas

Geographic Areas	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Geographic Areas	Note 19. Geographic Areas The table below presents net sales and long-lived assets by geographic region. North America (b) Europe Mexico Consolidated & Combined 2016 Net Sales $ 3,286 $ 272 $ 96 $ 3,654 Long-lived assets (a) 651 30 23 704 2015 Net Sales $ 3,319 $ 305 $ 119 $ 3,743 Long-lived assets (a) 722 43 21 786 2014 Net Sales $ 3,350 $ 381 $ 122 $ 3,853 Long-lived assets (a) 692 61 23 776 (a) Includes net property, plant and equipment and other noncurrent assets. (b) North America includes the United States and Canada.

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Parties	Note 20. Related Parties Prior to the separation, the Company had not historically operated as a stand-alone business. After the separation, the Company has entered into commercial arrangements with both RRD and Donnelley Financial. Under the terms of the commercial arrangements, RRD continues to provide, among other things, logistics, premedia, production and sales services to LSC Communications. In addition, LSC Communications continues to provide sales support services to RRD’s Asia and Mexico print and graphics management businesses in order to facilitate the importing of books and related products to the U.S. RRD also provides LSC Communications certain global outsourcing, technical support and other services. LSC Communications also continues to provide print and bind services for Donnelley Financial. Allocations from RRD Prior to the separation, RRD provided LSC Communications certain services, which included, but were not limited to, information technology, finance, legal, human resources, internal audit, treasury, tax, investor relations and executive oversight. RRD charged the Company for these services based on direct usage, when available, with the remainder allocated on a pro rata basis by revenue, headcount, or other measures. These allocations were reflected as follows in the consolidated and combined financial statements: Nine months ended September 30, Year ended December 31, 2016 2015 2014 Costs of goods sold $ 67 $ 78 $ 84 Selling, general and administrative 114 158 178 Depreciation and amortization 5 7 8 Total allocations from RRD $ 186 $ 243 $ 270 The Company considered the expense methodologies and financial results to be reasonable for all periods presented. However, these allocations may not be indicative of the actual expenses that may have been incurred as an independent public company or the costs LSC Communications may incur in the future. After the separation, the Company no longer records allocations from RRD. The Company records transactions with RRD as external arms-length transactions in the Company’s consolidated and combined financial statements. Related Party Receivables and Payables As of December 31, 2016, the Company had $62 million and $56 million of trade receivables and payables, respectively, with RRD. The Company also had $3 million and $1 million of trade receivables and payables, respectively, with Donnelley Financial. As of December 31, 2015, the Company had no trade receivables or payables due from or to RRD or Donnelley Financial. In addition, receivables as of December 31, 2016 included a $10 million non-trade receivable owed by RRD that is expected to be paid in 2017. Related Party Revenues LSC Communications generates a portion of net revenue from sales to RRD’s subsidiaries and Donnelley Financial. Net revenues from related party sales were $103 million, $64 million, and $63 million for the years ended December 31, 2016, 2015 and 2014, respectively. These amounts are included in the consolidated and combined statements of income. Related Party Purchases LSC Communications utilizes RRD for freight, logistics and premedia services. Included in the consolidated and combined financial statements were costs of sales related to freight, logistics and premedia services purchased from RRD of $208 million, $216 million and $244 million for the years ended December 31, 2016, 2015 and 2014, respectively. Prior to the separation, related party receivables and payables with RRD were reflected within net parent company investment.

New Accounting Pronouncements

New Accounting Pronouncements	12 Months Ended
	Dec. 31, 2016
Accounting Changes And Error Corrections [Abstract]
New Accounting Pronouncements	Note 21: New Accounting Pronouncements In August 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2016-15 “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” (“ASU2016-15”), which provided guidance on eight specific cash flow classification issues to reduce existing diversity in practice. The standard becomes effective in the first quarter of 2018. Early adoption of ASU 2016-15 is permitted; however the Company plans to adopt the standard in the first quarter of 2018. The Company does not expect a significant impact to presentation on its Consolidated Combined Statements of Cash Flows. In March 2016, the FASB issued Accounting Standards Update No. 2016-09 “Stock Compensation (Topic 718) – Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”) which simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures and statutory withholding requirements, as well as the classification of share-based payment transactions on the statement of cash flows. The standard becomes effective in the first quarter of 2017. As early adoption of ASU 2016-09 is permitted, the Company adopted the standard in the fourth quarter of 2016. The election to early adopt ASU 2016-09 requires any adjustments as of January 1, 2016, the beginning of the annual period that includes the interim period of adoption, to be reflected. The requirements of ASU 2016-09 had no impact to any of the periods presented. In February 2016, the FASB issued Accounting Standards Update No. 2016-02 “Leases (Topic 842) Section A—Leases: Amendments to the FASB Accounting Standards Codification” (“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. Early adoption of ASU 2016-02 is permitted; however the Company plans to adopt the standard in the first quarter of 2019. The Company is evaluating the impact of ASU 2016-02. 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. 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 defers the effective date of ASU 2014-09 to January 1, 2018. Early adoption of ASU 2014-09 is permitted in the first quarter of 2017. The Company plans to adopt the standard in the first quarter of 2018. The standard allows the option of either a full retrospective adoption, meaning the standard is applied to all periods presented, or a modified retrospective adoption, meaning the standard is applied only to the most current period. The Company currently anticipates adopting the standard using the modified retrospective approach. While the Company is continuing to assess all potential impacts of the standard, the Company currently believes the most significant impacts relate to: • Whether the accounting for the revenue of customized products is over time or at a point in time. Currently, the Company’s Print operating segment produces a substantial amount of customized product. Under current revenue recognition guidance, revenue is recognized when the products are completed and shipped to the customer (dependent upon specific shipping terms). The Company is currently evaluating whether, under the new guidance, revenue would be recognized over the time the goods are produced and not necessarily dependent upon shipment to the customer. Should the Company conclude that revenue should be recognized over time, rather than at a point in time under current guidance, this could have a material impact on the timing of revenue recognition and might require significant changes in internal processes and controls. However, the Company anticipates that this would not impact the timing of cash flows, given that invoicing and payment thereof is usually associated with the delivery of product. • The accounting for inventory billed but not yet shipped. Under current guidance, the Company defers revenue for inventory billed but not yet shipped. Under the new standard, in certain situations the Company may be able to recognize revenue for inventory billed but not yet shipped, which could accelerate the timing, but not the total amount, of revenue recognized and would not impact the timing of cash flows, given that invoicing and payment thereof is usually associated with the delivery of product. Due to the complexity of certain of the Company’s contracts, the actual revenue recognition treatment required under the new standard will be dependent on contract specific terms. The Company anticipates it will be able to complete its analysis of the above items, implement any system and process changes that might be necessary and educate the appropriate employees with respect to the new standard in order to effectively adopt the standard beginning in the first quarter of 2018.

Significant Accounting Polici30

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates —The preparation of the consolidated and combined financial statements, in conformity with GAAP, requires the extensive use of management’s estimates and assumptions that affect the reported amounts of assets and liabilities disclosure of contingent assets and liabilities at the date of the financial statements, and reported amounts of revenue and expenses during the reporting periods. Actual results could differ from these estimates. Estimates are used when accounting for items and matters including, but not limited to, allowance for uncollectible accounts receivable, inventory obsolescence, asset valuations and useful lives, employee benefits, self-insurance reserves, taxes, restructuring and other provisions and contingencies.
Foreign Operations	Foreign Operations —Assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the exchange rates existing at the respective balance sheet dates. Income and expense items are translated at the average rates during the respective periods. Translation adjustments resulting from fluctuations in exchange rates are recorded as a separate component of other comprehensive income (loss) while transaction gains and losses are recorded in net earnings. Deferred taxes are not provided on cumulative foreign currency translation adjustments when the Company expects foreign earnings to be permanently reinvested.
Fair Value Measurements	Fair Value Measurements— Ce rtain assets and liabilities are required to be recorded at fair value on a recurring basis. Fair value is determined based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. The Company records the fair value of its pension plan assets on a recurring basis. Assets measured at fair value on a nonrecurring basis include long-lived assets held and used, long-lived assets held for sale, goodwill and other intangible assets. The fair value of cash and cash equivalents, accounts receivable, short-term debt and accounts payable approximate their carrying values. The three-tier value hierarchy, which prioritizes valuation methodologies based on the reliability of the inputs, is: Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2 —Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3 —Valuations based on unobservable inputs reflecting the Company’s own assumptions, consistent with reasonably available assumptions made by other market participants.
Revenue Recognition	Revenue Recognition — The Company recognizes revenue for the majority of its products upon transfer of title and the passage of the risk of ownership, which is generally upon shipment to the customer. Contracts generally specify F.O.B. shipping point terms. Under agreements with certain customers, custom products may be stored by the Company for future delivery. In these situations, the Company may also receive a logistics or warehouse management fee for the services it provides. In certain of these cases, delivery and billing schedules are outlined in the customer agreement and product revenue is recognized when manufacturing is complete, title and risk of ownership transfer to the customer, and there is a reasonable assurance as to collectability. Because the majority of products are customized, product returns are not significant; however, the Company accrues for the estimated amount of customer credits at the time of sale. Revenue from the Company’s co-mail and list services operations is recognized when services are completed. The Company records deferred revenue in situations where amounts are invoiced but the revenue recognition criteria outlined above are not met. Such revenue is recognized when all criteria are subsequently met. Billings for shipping and handling costs are recorded gross. Many of the Company’s operations process materials, primarily paper, that may be supplied directly by customers or may be purchased by the Company and sold to customers. No revenue is recognized for customer-supplied paper, but revenues for Company-supplied paper are recognized on a gross basis. The Company records taxes collected from customers and remitted to governmental authorities on a net basis.
By-Product Recoveries	By-product recoveries —The Company records the sale of by-products as a reduction of cost of sales.
Cash and Cash Equivalents	Cash and cash equivalents —The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Short-term securities consist of investment grade instruments of governments, financial institutions and corporations.
Receivables	Receivables— Receivables are stated net of allowances for doubtful accounts and primarily include trade receivables, notes receivable and miscellaneous receivables from suppliers. No single customer comprised more than 10% of our net sales in 2016, 2015 or 2014. Specific customer provisions are made when a review of significant outstanding amounts, utilizing information about customer creditworthiness and current economic trends, indicates that collection is doubtful. In addition, provisions are made at differing rates, based upon the age of the receivable and the Company’s historical collection experience. Refer to Note 6, for details of activity affecting the allowance for doubtful accounts receivable.
Inventories	Inventories —Inventories include material, labor and factory overhead and are stated at the lower of cost or market and net of excess and obsolescence reserves for raw materials and finished goods. Provisions for excess and obsolete inventories are made at differing rates, utilizing historical data and current economic trends, based upon the age and type of the inventory. Specific excess and obsolescence provisions are also made when a review of specific balances indicates that the inventories will not be utilized in production or sold. The cost of 85.5% and 78.9% of the inventories at December 31, 2016 and 2015, respectively, has been determined using the Last-In, First-Out (“LIFO”) method. This method is intended to reflect the effect of inventory replacement costs within the consolidated and combined statements of income; accordingly, charges to cost of sales generally reflect recent costs of material, labor and factory overhead. The Company uses an external-index method of valuing LIFO inventories. The remaining inventories, primarily related to certain acquired and international operations, are valued using the First-In, First-Out (“FIFO”) or specific identification methods.
Long-Lived Assets	Long-Lived Assets — The Company assesses potential impairments to its long-lived assets if events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Indefinite-lived intangible assets are reviewed annually for impairment or more frequently if events or changes in circumstances indicate that the carrying value may not be recoverable. An impaired asset is written down to its estimated fair value based upon the most recent information available. Estimated fair market value is generally measured by discounting estimated future cash flows. Long-lived assets, other than goodwill and other intangible assets, that are held for sale, are recorded at the lower of the carrying value or the fair market value less the estimated cost to sell.
Property, Plant and Equipment	Property, plant and equipment —Property, plant and equipment are recorded at cost and depreciated on a straight-li ne basis over their estimated useful lives. Useful lives range from 15 to 40 years for buildings, the lesser of 7 years or the lease term for leasehold improvements and from 3 to 15 years for machinery and equipment. Maintenance and repair costs are charged to expense as incurred. Major overhauls that extend the useful lives of existing assets are capitalized. When properties are retired or disposed, the costs and accumulated depreciation are eliminated and the resulting profit or loss is recognized in the results of operations.
Goodwill	Goodwill —Goodwill is either assigned to a specific reporting unit or allocated between reporting units based on the relative fair value of each reporting unit. Prior to the separation, the Company’s goodwill balances f or certain reporting units were reallocated based on the relative fair values of the businesses. Goodwill is reviewed for impairment annually as of October 31 or more frequently if events or changes in circumstances indicate that it is more likely than not that the fair value of a reporting unit is below its carrying value. For certain reporting units, the Company may perform a qualitative, rather than quantitative, assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. In performing this qualitative analysis, the Company considers various factors, including the excess of prior year estimates of fair value compared to carrying value, the effect of market or industry changes and the reporting unit’s actual results compared to projected results. Based on this qualitative analysis, if management determines that it is more likely than not that the fair value of the reporting unit is greater than its carrying value, no further impairment testing is performed. For the remaining reporting units, the Company compares each reporting unit’s fair value, estimated based on comparable company market valuations and expected future discounted cash flows to be generated by the reporting unit, to its carrying value. If the carrying value exceeds the reporting unit’s fair value, the Company performs an additional fair value measurement calculation to determine the impairment loss, which is charged to operations in the period identified. Refer to Note 4, Restructuring, Impairment and Other Charges, The Company also performs an interim review for indicators of impairment at each quarter-end to assess whether an interim impairment review is required for any reporting unit. In the Company’s impairment review at October 31, 2016, and its interim review for indicators of impairment as of December 31, 2016, management concluded that there were no indicators that the fair value of any of the reporting units with goodwill was more likely than not below its carrying value.
Amortization	Amortization — Certain costs to acquire and develop internal-use computer software are capitalized and amortized over their estimated useful life using the straight-line method, up to a maximum of five years. Amortization expense, primarily related to internally-developed software and excluding amortization expense related to other intangible assets, was $5 million, $5 million and $3 million for the years ended December 31, 2016, 2015 and 2014, respectively. Deferred debt issuance costs are amortized over the term of the related debt. Other intangible assets, except for those intangible assets with indefinite lives, are recognized separately from goodwill and are amortized over their estimated useful lives. Other intangible assets with indefinite lives are not amortized. Refer to Note 5 , Goodwill and Other Intangible Assets,
Share-Based Compensation	Share-Based Compensation —Prior to the separation, RRD maintained an incentive share-based compensation program for the benefit of its officers, directors, and certain employees, including certain LSC Communications employees. The share-based compensation expense was allocated to the Company based on the awards and terms previously granted to the Company’s employees, as well as an allocation of expense related to RRD’s corporate and shared functional employees. After the separation, the Company recognizes share-based compensation expense based on estimated fair values for all share-based awards made to employees and directors. The Company recognizes compensation expense for share-based awards expected to vest on a straight-line basis over the requisite service period of the award based on their grant date fair value. Refer to Note 17, for further discussion.
Pension and Other Postretirement Benefits Plans	Pension and Other Postretirement Benefits Plans — Prior to the separation, certain employees of the Company participated in various pension and postretirement health care plans sponsored by RRD. In the company’s combined financial statements, these plans were accounted for as multiemployer benefit plans and no net liabilities were reflected in the Company’s combined balance sheets as there were no unfunded contributions due at the end of any reporting period. The Company’s statements of income included expense allocations for these benefits. These expenses were funded through intercompany transactions with RRD and were reflected within net parent company investment in LSC Communications. Certain plans in LSC Communications’ Mexico and U.S. operations were direct obligations of LSC Communications and were recorded in the consolidated and combined financial statements. At the separation date, the Company recorded net benefit obligations transferred from RRD. T he Company records annual income and expense amounts relating to its pension plans based on calculations which include various actuarial assumptions, including discount rates, mortality, assumed rates of return, compensation increases, and turnover rates. The Company reviews its actuarial assumptions on an annual basis and makes modifications to the assumptions based on current rates and trends when it is deemed appropriate to do so. The effect of modifications on the value of plan obligations and assets is recognized immediately within other comprehensive income (loss) and amortized into operating earnings over future periods. The Company believes that the assumptions utilized in recording its obligations under its plans are reasonable based on its experience, market conditions and input from its actuaries and investment advisors. Refer to Note 14, Retirement Plans , for further discussion.
Taxes on Income	Taxes on Income —Prior to the sep aration, in the Company’s combined financial statements, income tax expense and deferred tax balances were calculated on a separate return basis, although with respect to certain entities, the Company’s operations were historically included in the tax returns filed by the respective RRD entities of which the Company’s business was formerly a part. For periods after the separation, the Company will file tax returns on its own behalf. The provision for income tax and income tax balances after the separation represent the Company's tax liabilities as an independent company. The Company has recorded deferred tax assets related to future deductible items, including domestic and foreign tax loss and credit carryforwards. The Company evaluates these deferred tax assets by tax jurisdiction. The utilization of these tax assets is limited by the amount of taxable income expected to be generated within the allowable carryforward period and other factors. Accordingly, management has provided a valuation allowance to reduce certain of these deferred tax assets when management has concluded that, based on the weight of available evidence, it is more likely than not that the deferred tax assets will not be fully realized. If actual results differ from these estimates, or the estimates are adjusted in future periods, adjustments to the valuation allowance might need to be recorded. Deferred U.S. income taxes and foreign taxes are not provided on the excess of the investment value for financial reporting over the tax basis of investments in foreign subsidiaries because such excess is considered to be permanently reinvested in those operations. Management regularly evaluates whether foreign earnings are expected to be permanently reinvested. This evaluation requires judgment about the future operating and liquidity needs of the Company’s foreign subsidiaries. Changes in economic and business conditions, foreign or U.S. tax laws, or the Company’s financial situation could result in changes to these judgments and the need to record additional tax liabilities. Significant judgment is required in determining the provision for income taxes and related accruals, deferred tax assets and liabilities and any valuation allowance recorded against deferred tax assets. In the ordinary course of business, there are transactions and calculations where the ultimate tax outcome is uncertain. Additionally, the Company’s tax returns are subject to audit by various U.S. and foreign tax authorities. The Company recognizes a tax position in its financial statements when it is more likely than not (a likelihood of more than fifty percent) that the position would be sustained upon examination by tax authorities. This recognized tax position is then measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Although management believes that its estimates are reasonable, the final outcome of uncertain tax positions may be materially different from that which is reflected in the Company’s consolidated and combined financial statements. The Company classifies interest expense and any related penalties related to income tax uncertainties as a component of income tax expense. , Income Taxes,
Comprehensive Income (Loss)	Comprehensive Income (Loss) —Comprehensive income (loss) for the Company consists of net earnings, unrecognized actuaria l gains and losses and foreign currency translation adjustments. Refer to Note 16 for further discussion.

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2016
Business Acquisition [Line Items]
Pro Forma Financial Information	The unaudited pro forma financial information is not intended to represent or be indicative of the Company’s consolidated future statements of income and balance sheets that would have been reported had these acquisitions been completed as of the beginning of the period presented and should not be taken as indicative of the Company’s consolidated future statements of income or balance sheets. Pro forma adjustments are tax-effected at the applicable statutory tax rates. Year ended December 31, 2016 2015 Net sales $ 3,698 $ 3,911 Net income 106 107 The following table outlines unaudited pro forma financial information for the year ended December 31, 2015: Year ended December 31, 2015 Amortization of purchased intangibles $ 21 Restructuring, impairment and other charges 31
Pro Forma Adjustments Affecting Net Income	Additionally, the pro forma adjustments affecting net income for the year ended December 31, 2015 were as follows: Year ended December 31, 2015 Depreciation and amortization of purchased assets, pre-tax $ (3 ) Acquisition-related expenses, pre-tax 19 Restructuring, impairment and other charges, pre-tax 26 Inventory fair value adjustments, pre-tax 11 Other pro forma adjustments, pre-tax 1 Income taxes (13 )
Courier Corporation
Business Acquisition [Line Items]
Schedule of Final Purchase Price Allocation for Acquisitions	Based on the valuation, the final purchase price allocation for the Courier acquisition was as follows: Accounts receivable $ 33 Inventories 59 Prepaid expenses and other current assets 38 Property, plant and equipment 158 Other intangible assets 104 Other noncurrent assets 8 Goodwill 51 Accounts payable and accrued liabilities (19 ) Other noncurrent liabilities (6 ) Deferred taxes-net (84 ) Total purchase price-net of cash acquired 342 Less: debt assumed 77 Less: value of common stock issued by RRD 154 Net cash paid $ 111
Fair Values, Valuation Techniques and Related Unobservable Inputs of Level Three	The fair values of other intangible assets, technology (included in other noncurrent assets) and goodwill associated with the acquisition of Courier were determined to be Level 3 under the fair value hierarchy. The following table presents the fair value, valuation techniques and related unobservable inputs for these Level 3 measurements: Fair Value Valuation Technique Unobservable Input Range Customer relationships $ 94 Excess earnings Discount rate Attrition rate 14.0% - 17.0% 0.0% - 5.0% Trade names 10 Relief-from-royalty method Discount rate Royalty rate (pre-tax) 12.0% 0.3% - 1.0% Technology 2 Relief-from-royalty method Discount rate 11.0% Royalty rate (pre-tax) 15.0%
Esselte Corporation
Business Acquisition [Line Items]
Schedule of Final Purchase Price Allocation for Acquisitions	Based on the valuation, the final purchase price allocation for the Esselte acquisition was as follows: Accounts receivable $ 54 Inventories 24 Prepaid expenses and other current assets 2 Property, plant and equipment 40 Other intangible assets 25 Accounts payable and accrued liabilities (45 ) Other noncurrent liabilities (16 ) Deferred taxes-net 20 Total purchase price-net of cash acquired 104 Less: value of common stock issued by RRD 18 Less: Gain on bargain purchase 10 Net cash paid $ 76
Fair Values, Valuation Techniques and Related Unobservable Inputs of Level Three	The fair values of other intangible assets associated with the acquisition of Esselte were determined to be Level 3 under the fair value hierarchy. The following table presents the fair value, valuation techniques and related unobservable inputs for these Level 3 measurements: Fair Value Valuation Technique Unobservable Input Range Customer relationships $ 16 Excess earnings Discount rate Attrition rate 21.0% 5.0% Trade names 9 Relief-from-royalty method Discount rate Royalty rate (pre-tax) 19.0% 1.5%

Restructuring, Impairment and32

Restructuring, Impairment and Other Charges (Tables)	12 Months Ended
	Dec. 31, 2016
Restructuring And Related Activities [Abstract]
Schedule of Net Restructuring, Impairment and Other Charges	2016 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 6 $ 6 $ 12 $ — $ 3 $ 15 Corporate 2 1 3 — — 3 Total $ 8 $ 7 $ 15 $ — $ 3 $ 18 2015 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 19 $ 5 $ 24 $ 7 $ 22 $ 53 Office Products 1 2 3 1 — 4 Total $ 20 $ 7 $ 27 $ 8 $ 22 $ 57 2014 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 1 $ 6 $ 7 $ 103 $ 17 $ 127 Office Products 4 2 6 (1 ) — 5 Total $ 5 $ 8 $ 13 $ 102 $ 17 $ 132
Schedule of Changes in the Restructuring Reserve	The restructuring reserve as of December 31, 2016 and 2015, and changes during the year ended December 31, 2016, were as follows: December 31, 2015 Restructuring Charges Foreign Exchange and Other Cash Paid December 31, 2016 Employee terminations $ 13 $ 8 $ 2 $ (15 ) $ 8 Multi-employer pension plan withdrawal obligations 20 2 — (4 ) 18 Lease terminations and other 4 5 — (7 ) 2 Total $ 37 $ 15 $ 2 $ (26 ) $ 28 The restructuring reserve as of December 31, 2015 and 2014, and changes during the year ended December 31, 2015, were as follows: December 31, 2014 Restructuring Charges Foreign Exchange and Other Cash Paid December 31, 2015 Employee terminations $ 4 $ 20 $ 1 $ (12 ) $ 13 Multi-employer pension plan withdrawal obligations 21 1 2 (4 ) 20 Lease terminations and other 5 6 — (7 ) 4 Total $ 30 $ 27 $ 3 $ (23 ) $ 37

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Changes in the Carrying Amount of Goodwill	The changes in the carrying amount of goodwill for the years ended December 31, 2016 and 2015 were as follows: Print Office Products Total Net book value as of January 1, 2015 Goodwill $ 800 $ 109 $ 909 Accumulated impairment losses (800 ) (79 ) (879 ) Total — 30 30 Acquisition 51 — 51 Net book value as of December 31, 2015 Goodwill $ 845 $ 109 $ 954 Accumulated impairment losses (794 ) (79 ) (873 ) Total 51 30 81 Acquisition 3 — 3 Net book value as of December 31, 2016 Goodwill 852 109 961 Accumulated impairment losses (798 ) (79 ) (877 ) Total $ 54 $ 30 $ 84
Components of Other Intangible Assets	The components of other intangible assets at December 31, 2016 and 2015 were as follows: December 31, 2016 December 31, 2015 Gross Carrying Accumulated Net Book Gross Carrying Accumulated Net Book Amount Amortization Value Amount Amortization Value Customer relationships $ 205 $ (109 ) $ 96 $ 206 $ (94 ) $ 112 Trade names 5 (2 ) 3 5 (1 ) 4 Total amortizable other intangible assets 210 (111 ) 99 211 (95 ) 116 Indefinite-lived trade names 32 — 32 32 — 32 Total other intangible assets $ 242 $ (111 ) $ 131 $ 243 $ (95 ) $ 148
Schedule of Other Intangible Assets Additions by Component	December 31, 2015 Amount Weighted Average Amortization Period (in years) Customer relationships $ 94 12.0 Trade names (amortizable) 5 3.0 Trade names (indefinite-lived) 5 N/A Total additions $ 104
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 December 31, 2016: For the year ending December 31, Amount 2017 $ 16 2018 11 2019 10 2020 10 2021 9 2022 and thereafter 43 Total $ 99

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Transactions Affecting Allowance for Doubtful Accounts	Transactions affecting the allowances for doubtful accounts receivable balance during the years ended December 31, 2016, 2015 and 2014 were as follows: 2016 2015 2014 Balance, beginning of year $ 11 $ 13 $ 12 Provisions charged to expense 6 3 5 Write-offs and other (7 ) (5 ) (4 ) Balance, end of year $ 10 $ 11 $ 13

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2016
Inventory Disclosure [Abstract]
Components of the Company's Inventories	The components of the Company’s inventories, net of excess and obsolescence reserves for raw materials and finished goods, at December 31, 2016 and 2015 were as follows: 2016 2015 Raw materials and manufacturing supplies $ 100 $ 102 Work in process 58 62 Finished goods 93 121 LIFO reserve (58 ) (67 ) Total $ 193 $ 218

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Property Plant And Equipment [Abstract]
Components of Company's Property, Plant and Equipment	The components of the Company’s property, plant and equipment at December 31, 2016 and 2015 were as follows: 2016 2015 Land $ 42 $ 49 Buildings 762 774 Machinery and equipment 4,173 4,283 4,977 5,106 Accumulated depreciation (4,369 ) (4,388 ) Total $ 608 $ 718

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Assets Measured at Fair Value on a Nonrecurring Basis	The fair value as of the measurement date, net book value as of the end of the year and related impairment charge for assets measured at fair value on a nonrecurring basis subsequent to initial recognition during the years ended December 31, 2015 and 2014 were as follows: Year Ended December 31, 2015 As of December 31, 2015 Impairment Charge Fair Value Measurement (Level 3) Net Book Value Long-lived assets held for sale or disposal $ 9 $ 15 $ 14 Total $ 9 $ 15 $ 14 Year Ended December 31, 2014 As of December 31, 2014 Impairment Charge Fair Value Measurement (Level 3) Net Book Value Long-lived assets held and used $ 1 $ 1 $ 1 Long-lived assets held for sale or disposal 3 11 1 Goodwill 100 — — Total $ 104 $ 12 $ 2

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2016
Accrued Liabilities Current [Abstract]
Components of Accrued Liabilities	The components of the Company’s accrued liabilities at December 31, 2016 and 2015 were as follows: 2016 2015 Employee-related liabilities $ 87 $ 55 Customer-related liabilities 37 36 Deferred revenue 33 34 Restructuring liabilities 13 19 Other 67 59 Total accrued liabilities $ 237 $ 203

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments And Contingencies Disclosure [Abstract]
Future Minimum Rental Commitments Under Operating Leases	Future minimum rental commitments under operating leases are as follows: Year Ended December 31 Amount 2017 $ 40 2018 35 2019 31 2020 21 2021 17 2022 and thereafter 23 $ 167

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of the Company's Debt	The Company’s debt at December 31, 2016 consisted of the following: 2016 Term Loan Facility due September 30, 2022 (a) $ 353 8.75% Senior Secured Notes due October 15, 2023 450 Capital lease obligations 6 Unamortized debt issuance costs (15 ) Total debt 794 Less: current portion (52 ) Long-term debt $ 742 (a) The borrowings under the term loan facility are subject to a variable interest rate. As of December 31, 2016 the interest rate was 7.00 %.
Future Maturities of Debt	At December 31, 2016, the future maturities of debt, including capitalized leases, were as follows: Amount 2017 $ 54 2018 49 2019 43 2020 43 2021 43 2022 and thereafter 586 Total (a) $ 818 (a) Excludes unamortized debt issuance costs of $6 million and $9 million related to the Company’s Term Loan Facility and 8.75% Senior Notes due October 15, 2023, respectively, and a discount of $9 million related to the Company’s Term Loan Facility. These amounts do not represent contractual obligations with a fixed amount or maturity date.
Summary Of Interest Expense	The following table summarizes interest expense included in the Consolidated and Combined Statements of Income: 2016 2015 2014 Interest incurred $ 19 $ — $ — Less: interest income (1 ) (3 ) (4 ) Interest expense (income), net $ 18 $ (3 ) $ (4 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Calculation of Basic and Diluted EPS as Well as Reconciliation of Basic Shares to Diluted Shares	The following table shows the calculation of basic and diluted EPS, as well as a reconciliation of basic shares to diluted shares: 2016 2015 2014 Net income per common share: Basic $ 3.25 $ 2.27 $ 1.79 Diluted $ 3.23 $ 2.27 $ 1.79 Numerator: Net income $ 106 $ 74 $ 58 Denominator: Weighted-average number of common shares outstanding 32.5 32.4 32.4 Dilutive options and awards 0.3 — — Dilutive weighted-average number of common shares outstanding 32.8 32.4 32.4

Retirement Plans (Tables)

Retirement Plans (Tables)	12 Months Ended
	Dec. 31, 2016
Compensation And Retirement Disclosure [Abstract]
Components of Net Periodic Benefit (Income) Expense	The components of the net periodic benefit (income) expense were as follows: Pension Benefits 2016 2015 2014 Qualified Non-Qualified & International Qualified Non-Qualified & International Qualified Non-Qualified & International Service cost $ — $ — $ — $ — $ — $ — Interest cost 24 6 7 9 6 11 Expected return on plan assets (48 ) (7 ) (11 ) (13 ) (8 ) (15 ) Amortization of actuarial loss 6 1 — 1 — 1 Settlement 1 — — — — — Net periodic benefit income $ (17 ) $ — $ (4 ) $ (3 ) $ (2 ) $ (3 ) Weighted average assumption used to calculate net periodic benefit expense: Discount rate 3.8 % 3.8 % 4.2 % 3.8 % 4.7 % 4.6 % Expected return on plan assets 7.2 % 7.2 % 6.5 % 6.3 % 6.5 % 7.0 %
Reconciliation of Benefit Obligation, Plan Assets and (Unfunded) Funded Status of Plans	Pension Benefits 2016 2015 Qualified Non-Qualified & International Qualified Non-Qualified & International Benefit obligation at beginning of year $ 168 $ 220 181 241 Service cost — — — — Interest cost 24 6 7 9 Actuarial gain (186 ) (7 ) (14 ) (3 ) Settlement (30 ) — — — Foreign currency translation — (27 ) — (11 ) Benefits paid (39 ) (10 ) (9 ) (10 ) Plan transfers prior to separation — — — (6 ) Plan transfers from parent company 2,502 97 — — Plan transfers to parent company — (187 ) — — Acquisitions — — 3 — Benefit obligation at end of year $ 2,439 $ 92 $ 168 $ 220 Fair value of plan assets at beginning of year $ 169 $ 220 $ 182 $ 235 Actual return on assets (93 ) 9 (6 ) 1 Settlement (30 ) — — — Employer contributions 1 4 — 6 Acquisitions — — 2 — Foreign currency translation — (27 ) — (12 ) Plan transfers from parent company 2,241 — — — Plan transfers to parent company — (194 ) — — Benefits paid (39 ) (10 ) (9 ) (10 ) Fair value of plan assets at end of year $ 2,249 2 $ 169 $ 220 (Unfunded) funded status at end of year $ (190 ) $ (90 ) $ 1 $ —
Amounts Recognized on Consolidated and Combined Balance Sheets	Pension Benefits 2016 2015 Qualified Non-Qualified & International Qualified Non-Qualified & International Prepaid pension cost (included in other noncurrent assets) $ 4 $ — $ 2 $ — Accrued benefit cost (included in accrued liabilities) — (5 ) — — Pension liabilities (194 ) (85 ) (1) — Net (liabilities) assets recognized in the consolidated and combined balance sheets $ (190 ) $ (90 ) $ 1 $ —
Amounts in Accumulated Other Comprehensive Loss	The amounts included in accumulated other comprehensive loss in the consolidated and combined balance sheets, excluding tax effects, that have not been recognized as components of net periodic cost at December 31, 2016 and 2015 were as follows: Pension Benefits 2016 2015 Qualified Non-Qualified & International Qualified Non-Qualified & International Accumulated other comprehensive loss Net actuarial loss $ (727 ) $ (25 ) $ (3 ) $ (60 ) Total $ (727 ) $ (25 ) $ (3 ) $ (60 )
Amounts Recognized in Other Comprehensive Loss	The pre-tax amounts recognized in other comprehensive loss in 2016 as components of net periodic costs were as follows: Pension Benefits Qualified Non-Qualified & International Amortization of: Net actuarial loss $ 6 $ 1 Amounts arising during the period: Net actuarial gain 46 9 Settlement 1 — Total $ 53 $ 10
Amounts in Accumulated Other Comprehensive Loss Expected to be Recognized Next Fiscal Year	Actuarial gains and losses in excess of 10.0% of the greater of the projected benefit obligation or the market-related value of plan assets were recognized as a component of net periodic benefit costs over the average remaining service period of a plan’s active employees. Unrecognized prior service costs or credits are also recognized as a component of net periodic benefit cost over the average remaining service period of a plan’s active employees. The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit costs in 2017 are shown below: Pension Benefits Qualified Non-Qualified & International Amortization of: Net actuarial loss $ 17 $ 1
Weighted-Average Assumptions Used to Determine Net Benefit Obligation	The weighted-average assumptions used to determine the net benefit obligation at the measurement date were as follows: Pension Benefits 2016 2015 Qualified Non-Qualified & International Qualified Non-Qualified & International Discount rate 4.3 % 4.3 % 4.6 % 3.8 %
Summary of Projected Benefit Obligations in Excess of Plan Assets	The following table provides a summary of pension plans with projected benefit obligations in excess of plan assets as of December 31, 2016 and 2015: Pension Benefits 2016 2015 Qualified Non-Qualified & International Qualified Non-Qualified & International Projected benefit obligation $ 2,306 $ 92 $ 3 $ 3 Fair value of plan assets 2,112 2 2 2
Accumulated Benefit Obligations in Excess of Plan Assets	The following table provides a summary of pension plans with accumulated benefit obligations in excess of plan assets as of December 31, 2016 and 2015: Pension Benefits 2016 2015 Qualified Non-Qualified & International Qualified Non-Qualified & International Accumulated benefit obligation $ 2,306 $ 90 $ 3 $ — Fair value of plan assets 2,112 1 2 —
Expected Benefit Payments	Benefit payments are expected to be paid as follows: Pension Benefits Qualified Non-Qualified & International 2017 $ 123 5 2018 127 5 2019 132 5 2020 135 6 2021 139 6 2022-2026 740 30
Allocation of Plan Assets, Pension Plan	The fair values of the Company’s pension plan assets at December 31, 2016 and 2015, by asset category were as follows: December 31, 2016 December 31, 2015 Asset Category Total Level 1 Level 2 Total Level 1 Level 2 Cash and cash equivalents $ 80 $ 50 $ 30 $ 12 $ 12 $ — Equity 595 595 — — — — Fixed income 802 — 802 44 — 44 Derivatives and other — — — 18 2 16 Investments measurement at NAV as a practical expedient 774 — — 315 — — Total $ 2,251 $ 645 $ 832 $ 389 $ 14 $ 60

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Components of Earnings from Operations Before Income Taxes	Income taxes have been based on the following components of earnings from operations before income taxes for the years ended December 31, 2016, 2015 and 2014: 2016 2015 2014 U.S. $ 129 $ 136 $ 61 Foreign 28 2 27 Total $ 157 $ 138 $ 88
Components of Income Tax Expense (Benefit) from Operations	The components of income tax expense (benefit) from operations for the years ended December 31, 2016, 2015 and 2014 were as follows: 2016 2015 2014 Current U.S. federal $ 54 $ 76 $ 71 U.S. state and local 10 13 13 Foreign 5 13 5 Current income tax expense 69 102 89 Deferred U.S. federal (17 ) (31 ) (43 ) U.S. state and local (3 ) (5 ) (7 ) Foreign 2 (2 ) (9 ) Deferred income tax benefit (18 ) (38 ) (59 ) Income tax expense $ 51 $ 64 $ 30
Reconciliation of Differences Between Federal Statutory and Effective Income Tax Rate	The following table outlines the reconciliation of differences between the Federal statutory tax rate and the Company’s effective income tax rate: 2016 2015 2014 Federal statutory tax rate 35.0 % 35.0 % 35.0 % State and local income taxes, net of U.S. federal income tax benefit 3.1 3.8 4.3 Change in valuation allowances 0.9 2.5 (5.6 ) Foreign tax rate differential (1.4 ) 0.8 (3.1 ) International investment tax credit (1.6 ) (1.8 ) (7.4 ) Domestic manufacturing deduction (3.1 ) (4.4 ) (6.7 ) Adjustment of uncertain tax positions and interest — 4.4 — Acquisition-related expenses — 3.0 0.5 Impairment charges — — 17.9 Other (0.4 ) 3.2 (0.7 ) Effective income tax rate 32.5 % 46.5 % 34.2 %
Significant Deferred Tax Assets and Liabilities	The significant deferred tax assets and liabilities at December 31, 2016 and 2015 were as follows: 2016 2015 Deferred tax assets: Pension benefits plan liabilities $ 126 $ 19 Net operating losses and other tax carryforwards 106 126 Accrued liabilities 57 31 Foreign depreciation 10 12 Other 6 8 Total deferred tax assets 305 196 Valuation allowances (87 ) (106 ) Net deferred tax assets $ 218 $ 90 Deferred tax liabilities: Accelerated depreciation $ (91 ) $ (126 ) Other intangible assets (56 ) (62 ) Inventories (11 ) (14 ) Other (5 ) (4 ) Total deferred tax liabilities (163 ) (206 ) Net deferred tax assets (liabilities) $ 55 $ (116 )
Transactions Affecting Valuation Allowance On Deferred Tax Assets	Transactions affecting the valuation allowances on deferred tax assets during the years ended December 31, 2016, 2015 and 2014 were as follows: 2016 2015 2014 Balance, beginning of year $ 106 $ 111 $ 135 Current year expense-net 1 3 (5 ) Write-offs — — — Transfer of U.K. entity to parent company (7 ) — — Foreign exchange and other (13 ) (8 ) (19 ) Balance, end of year $ 87 $ 106 $ 111
Unrecognized Tax Benefits	Changes in the Company’s unrecognized tax benefits at December 31, 2016 and 2015 were as follows: 2016 2015 Balance, beginning of year $ 5 $ — Additions for tax positions of prior years — 5 Settlements during the year (5 ) — Foreign exchange and other — — Balance, end of year $ — $ 5

Comprehensive Income (Tables)

Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Schedule of Components of Other Comprehensive Income (Loss) and Income Tax Expense Allocated to Each Component	The components of other comprehensive income (loss) and income tax expense allocated to each component for the years ended December 31, 2016, 2015 and 2014 were as follows: 2016 2015 2014 Before Tax Amount Income Tax Expense Net of Tax Amount Before Tax Amount Income Tax Expense Net of Tax Amount Before Tax Amount Income Tax Expense Net of Tax Amount Translation adjustments $ 5 $ — $ 5 $ (28 ) $ — $ (28 ) $ (33 ) $ — $ (33 ) Adjustment for net periodic pension plan cost 63 28 35 (10 ) (1 ) (9 ) 1 — 1 Other comprehensive income (loss) $ 68 $ 28 $ 40 $ (38 ) $ (1 ) $ (37 ) $ (32 ) $ — $ (32 )
Summary of Changes in Accumulated Other Comprehensive Loss	The following table summarizes the change in the component in accumulated other comprehensive loss by component for the years ended December 31, 2016, 2015 and 2014. Pension and Other Postretirement Benefits Plan Cost Translation Adjustments Total Balance at December 31, 2013 $ (38 ) $ (98 ) $ (136 ) Other comprehensive loss before reclassifications — (33 ) (33 ) Amounts reclassified from accumulated other comprehensive loss 1 — 1 Net change in accumulated other comprehensive loss 1 (33 ) (32 ) Balance at December 31, 2014 $ (37 ) $ (131 ) $ (168 ) Other comprehensive loss before reclassifications (10 ) (28 ) (38 ) Amounts reclassified from accumulated other comprehensive loss 1 — 1 Net change in accumulated other comprehensive loss (9 ) (28 ) (37 ) Balance at December 31, 2015 $ (46 ) $ (159 ) $ (205 ) Other comprehensive income before reclassifications 29 5 34 Amounts reclassified from accumulated other comprehensive loss 6 — 6 Transfer of pension plan from parent company, net (495 ) — (495 ) Transfer of U.K. entity to parent company, net 44 85 129 Net change in accumulated other comprehensive loss (416 ) 90 (326 ) Balance at December 31, 2016 $ (462 ) $ (69 ) $ (531 )
Reclassifications from Accumulated Other Comprehensive Loss Amortization of Pension Plan Cost	Reclassifications from accumulated other comprehensive loss for the year ended December 31, 2016, 2015 and 2014 were as follows: Classification in the Consolidated and Combined 2016 2015 2014 Statements of Income Amortization of pension and other postretirement benefits plan cost: Net actuarial loss $ 7 $ 1 $ 1 (a) Settlement 1 — — Reclassifications before tax $ 8 $ 1 1 Income tax expense 2 — — Reclassifications, net of tax $ 6 $ 1 $ 1 (a) These accumulated other comprehensive income components are included in the calculation of net periodic pension benefits plan (income) expense recognized in cost of sales and selling, general and administrative expenses in the consolidated and combined statements of income (see Note 14, Retirement Plans

Stock and Incentive Programs (T

Stock and Incentive Programs (Tables)	12 Months Ended
	Dec. 31, 2016
Share Based Compensation [Abstract]
Summary of Stock Option Activity	A summary of the Company’s stock option activity for LSC Communications, RRD and Donnelley Financial employees, officers and directors for the period after the separation is presented below. Shares Under Option (thousands) Weighted Average Exercise Price Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value (millions) Awards converted on October 1, 2016 299 $ 25.32 Outstanding at December 31, 2016 299 25.32 3.32 $ 2 Vested and expected to vest at December 31, 2016 299 25.32 3.32 2 Exercisable at December 31, 2016 299 $ 25.32 3.32 $ 2
Summary of Restricted Stock Units Activity	A summary of the Company’s RSU activity for LSC Communications, RRD and Donnelley Financial employees, officers and directors for the period after the separation is presented below. Shares (thousands) Weighted Average Grant Date Fair Value Awards converted on October 1, 2016 652 $ 28.39 Granted 19 26.26 Vested (19 ) 26.26 Nonvested at December 31, 2016 652 28.39
Summary of Performance Restricted Stock Activity	A summary of performance restricted stock (“PRS”) activity for the period after the separation is presented below. Shares (thousands) Weighted Average Grant Date Fair Value Awards converted on October 1, 2016 — $ — Granted 434 26.26 Nonvested at December 31, 2016 434 $ 26.26

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2016
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 with the Consolidated and Combined Financial Statements. Net Sales Income (Loss) from Operations Assets of Operations Depreciation and Amortization Capital Expenditures Year ended December 31, 2016 Print $ 3,127 $ 141 $ 1,501 $ 154 39 Office Products 527 54 323 15 3 Total operating segments 3,654 195 1,824 169 42 Corporate — (20 ) 128 2 6 Total operations $ 3,654 $ 175 $ 1,952 $ 171 $ 48 Net Sales Income (Loss) from Operations Assets of Operations Depreciation and Amortization Capital Expenditures Year ended December 31, 2015 Print $ 3,181 $ 96 $ 1,647 $ 164 $ 38 Office Products 562 47 324 16 4 Total operating segments 3,743 143 1,971 180 42 Corporate — (8 ) 40 1 — Total operations $ 3,743 $ 135 $ 2,011 $ 181 $ 42 Net Sales Income (Loss) from Operations Assets of Operations Depreciation and Amortization Capital Expenditures Year ended December 31, 2014 Print $ 3,353 $ 47 $ 1,579 $ 164 $ 55 Office Products 500 40 331 15 5 Total operating segments 3,853 87 $ 1,910 179 60 Corporate — (12 ) (41 ) 2 — Total operations $ 3,853 $ 75 $ 1,869 $ 181 $ 60
Schedule of Corporate Assets	Corporate assets primarily consisted of the following items at December 31, 2016, 2015 and 2014: 2016 2015 2014 Receivables, less allowances for doubtful accounts $ 54 $ (8 ) $ (5 ) Cash and cash equivalents 45 — 1 Long-term investments 19 10 11 Property, plant and equipment, net 15 13 13 LIFO reserves (58 ) (67 ) (74 ) Current and deferred income tax assets, net of valuation allowances 24 83 (1 )

Geographic Areas (Tables)

Geographic Areas (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Net Sales and Long-Lived Assets by Geographic Region	The table below presents net sales and long-lived assets by geographic region. North America (b) Europe Mexico Consolidated & Combined 2016 Net Sales $ 3,286 $ 272 $ 96 $ 3,654 Long-lived assets (a) 651 30 23 704 2015 Net Sales $ 3,319 $ 305 $ 119 $ 3,743 Long-lived assets (a) 722 43 21 786 2014 Net Sales $ 3,350 $ 381 $ 122 $ 3,853 Long-lived assets (a) 692 61 23 776 (a) Includes net property, plant and equipment and other noncurrent assets. (b) North America includes the United States and Canada.

Related Parties (Tables)

Related Parties (Tables)	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Allocation of Expense Reflected in the Consolidated and Combined Financial Statements	These allocations were reflected as follows in the consolidated and combined financial statements: Nine months ended September 30, Year ended December 31, 2016 2015 2014 Costs of goods sold $ 67 $ 78 $ 84 Selling, general and administrative 114 158 178 Depreciation and amortization 5 7 8 Total allocations from RRD $ 186 $ 243 $ 270

Overview and Basis of Present49

Overview and Basis of Presentation - Narrative (Detail) $ in Millions	Oct. 02, 2016USD ($)Entity	Dec. 31, 2016	Oct. 01, 2016USD ($)shares
Overview And Basis Of Presentation [Line Items]
Percentage of distribution of common shares during spinoff			80.75%
Decrease in equity	$ (244)
Net benefit obligation			$ 358
Workers' compensation liability			39
Short-term workers’ compensation liabilities			11
Long-term workers’ compensation liabilities			28
Workers’ compensation recovery asset			$ 5
Transition Services Agreements | Maximum
Overview And Basis Of Presentation [Line Items]
Agreement extended period		24 months
Donnelley Financial Solutions
Overview And Basis Of Presentation [Line Items]
Percentage of distribution of common shares during spinoff			80.75%
RRD
Overview And Basis Of Presentation [Line Items]
Number of entities resulted from spinoff of an entity | Entity	3
Ownership percentage	19.25%
Ownership percentage in Donnelley Financial solutions by related party	19.25%
Number of share distributed to each stockholder in spinoff transaction in Donnelley Financial solutions by related party | shares			0.125
Number of share distributed to each stockholder in spinoff transaction | shares			0.125

Significant Accounting Polici50

Significant Accounting Policies - Narrative (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)Customer	Dec. 31, 2015USD ($)Customer	Dec. 31, 2014USD ($)Customer
Significant Accounting Policies [Line Items]
Number of single customers comprising more than 10% of consolidated net sales | Customer	0	0	0
Percentage of net sales per customer, maximum	10.00%	10.00%	10.00%
Percentage of inventory valued at LIFO	85.50%	78.90%
Annual goodwill impairment testing date	--10-31
Net liabilities recognized in the consolidated balance sheets	$ 0
Computer Software, Intangible Asset
Significant Accounting Policies [Line Items]
Amortization expense, primarily related to internally-developed software	$ 5,000,000	$ 5,000,000	$ 3,000,000
Maximum | Computer Software, Intangible Asset
Significant Accounting Policies [Line Items]
Estimated useful life of computer software	5 years
Buildings | Minimum
Significant Accounting Policies [Line Items]
Estimated useful life	15 years
Buildings | Maximum
Significant Accounting Policies [Line Items]
Estimated useful life	40 years
Leasehold Improvements | Maximum
Significant Accounting Policies [Line Items]
Estimated useful life	7 years
Machinery and Equipment | Minimum
Significant Accounting Policies [Line Items]
Estimated useful life	3 years
Machinery and Equipment | Maximum
Significant Accounting Policies [Line Items]
Estimated useful life	15 years

Business Combinations - Narrati

Business Combinations - Narrative (Detail) - USD ($) shares in Millions, $ in Millions	Dec. 02, 2016	Jun. 08, 2015	Mar. 25, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill				$ 84	$ 81	$ 30
Business acquisition, loss before income taxes				106	107
Restructuring, impairment and other charges				18	57	132
Gain on bargain purchase				$ 0	0	10
Acquisition-related expenses					14	$ 1
Continuum
Business Acquisition [Line Items]
Purchase price of acquisition, cash	$ 7
Goodwill	$ 3
Courier Corporation
Business Acquisition [Line Items]
Purchase price of acquisition, cash		$ 137
Goodwill		$ 51
Issuance of common stock shares for acquisitions of businesses		8
Transaction value of acquisition		$ 292
Debt assumed		78
Cash acquired from acquisition		21
Business acquisition, net sales					184
Business acquisition, loss before income taxes					(3)
Restructuring, impairment and other charges					25
Inventory purchase accounting, adjustment reversal					$ 11
Tax deductible goodwill		8
Courier Corporation | Brazil
Business Acquisition [Line Items]
Transaction value of acquisition		6
Debt assumed		2
Cash acquired from acquisition		$ 0.4
Esselte Corporation
Business Acquisition [Line Items]
Purchase price of acquisition, cash			$ 82
Issuance of common stock shares for acquisitions of businesses			1
Transaction value of acquisition			$ 101
Cash acquired from acquisition			6
Tax deductible goodwill			7
Fair value of the identifiable net assets acquired			110
Gain on bargain purchase			$ 10

Business Combinations - Schedul

Business Combinations - Schedule of Purchase Price Allocation for Acquisitions (Detail) - USD ($) $ in Millions	Mar. 25, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Jun. 08, 2015
Business Acquisition [Line Items]
Goodwill		$ 84	$ 81	$ 30
Less: Gain on bargain purchase		$ 0	$ 0	$ 10
Courier Corporation
Business Acquisition [Line Items]
Accounts receivable					$ 33
Inventories					59
Prepaid expenses and other current assets					38
Property, plant and equipment					158
Other intangible assets					104
Other noncurrent assets					8
Goodwill					51
Accounts payable and accrued liabilities					(19)
Other noncurrent liabilities					(6)
Deferred taxes-net					(84)
Total purchase price-net of cash acquired					342
Less: debt assumed					77
Less: value of common stock issued by RRD					154
Net cash paid					$ 111
Esselte Corporation
Business Acquisition [Line Items]
Accounts receivable	$ 54
Inventories	24
Prepaid expenses and other current assets	2
Property, plant and equipment	40
Other intangible assets	25
Accounts payable and accrued liabilities	(45)
Other noncurrent liabilities	(16)
Deferred taxes-net	20
Total purchase price-net of cash acquired	104
Less: value of common stock issued by RRD	18
Less: Gain on bargain purchase	10
Net cash paid	$ 76

Business Combinations - Fair Va

Business Combinations - Fair Value, Valuation Techniques and Related Unobservable Inputs (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Customer Relationships | Courier Corporation
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair Value		$ 94
Customer Relationships | Fair Value, Measurements, Nonrecurring | Courier Corporation | Fair Value, Inputs, Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair Value	$ 94
Valuation Technique	Excess earnings
Customer Relationships | Fair Value, Measurements, Nonrecurring | Esselte Corporation | Fair Value, Inputs, Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Discount rate	21.00%
Attrition rate	5.00%
Fair Value	$ 16
Valuation Technique	Excess earnings
Customer Relationships | Minimum | Fair Value, Measurements, Nonrecurring | Courier Corporation | Fair Value, Inputs, Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Discount rate	14.00%
Attrition rate	0.00%
Customer Relationships | Maximum | Fair Value, Measurements, Nonrecurring | Courier Corporation | Fair Value, Inputs, Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Discount rate	17.00%
Attrition rate	5.00%
Trade Names | Courier Corporation
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair Value		$ 5
Trade Names | Fair Value, Measurements, Nonrecurring | Courier Corporation | Fair Value, Inputs, Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Discount rate	12.00%
Fair Value	$ 10
Valuation Technique	Relief-from-royalty method
Trade Names | Fair Value, Measurements, Nonrecurring | Esselte Corporation | Fair Value, Inputs, Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Discount rate	19.00%
Royalty rate (pre-tax)	1.50%
Fair Value	$ 9
Valuation Technique	Relief-from-royalty method
Trade Names | Minimum | Fair Value, Measurements, Nonrecurring | Courier Corporation | Fair Value, Inputs, Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Royalty rate (pre-tax)	0.30%
Trade Names | Maximum | Fair Value, Measurements, Nonrecurring | Courier Corporation | Fair Value, Inputs, Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Royalty rate (pre-tax)	1.00%
Technology | Fair Value, Measurements, Nonrecurring | Courier Corporation | Fair Value, Inputs, Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Discount rate	11.00%
Royalty rate (pre-tax)	15.00%
Fair Value	$ 2
Valuation Technique	Relief-from-royalty method

Business Combinations - Pro For

Business Combinations - Pro Forma Financial Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Business Combinations [Abstract]
Net sales	$ 3,698	$ 3,911
Net income	$ 106	107
Amortization of purchased intangibles		21
Restructuring, impairment and other charges		$ 31

Business Combinations - Pro F55

Business Combinations - Pro Forma Adjustments Affecting Net Income (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Business Combinations [Abstract]
Depreciation and amortization of purchased assets, pre-tax	$ (3)
Acquisition-related expenses, pre-tax	19
Restructuring, impairment and other charges, pre-tax	26
Inventory fair value adjustments, pre-tax	11
Other pro forma adjustments, pre-tax	1
Income taxes	$ (13)

Restructuring, Impairment and56

Restructuring, Impairment and Other Charges - Schedule of Net Restructuring, Impairment and Other Charges (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Restructuring Cost And Reserve [Line Items]
Employee Terminations	$ 8	$ 20	$ 5
Other Restructuring Charges	7	7	8
Total Restructuring Charges	15	27	13
Impairment	0	8	102
Other Charges	3	22	17
Total	18	57	132
Total Operating Segments | Print
Restructuring Cost And Reserve [Line Items]
Employee Terminations	6	19	1
Other Restructuring Charges	6	5	6
Total Restructuring Charges	12	24	7
Impairment	0	7	103
Other Charges	3	22	17
Total	15	53	127
Total Operating Segments | Office Products
Restructuring Cost And Reserve [Line Items]
Employee Terminations		1	4
Other Restructuring Charges		2	2
Total Restructuring Charges		3	6
Impairment		1	(1)
Other Charges		0	0
Total		$ 4	$ 5
Corporate
Restructuring Cost And Reserve [Line Items]
Employee Terminations	2
Other Restructuring Charges	1
Total Restructuring Charges	3
Impairment	0
Other Charges	0
Total	$ 3

Restructuring, Impairment and57

Restructuring, Impairment and Other Charges - Narrative (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)EmployeeFacility	Dec. 31, 2015USD ($)EmployeeFacility	Dec. 31, 2014USD ($)EmployeeFacility
Restructuring Cost And Reserve [Line Items]
Employee termination costs	$ 8	$ 20	$ 5
Number of employees used to determine employee termination costs | Employee	222	766	96
Other Restructuring Charges	$ 7	$ 7	$ 8
Impairment charges, net		8	2
Goodwill impairment non-cash charges	$ 0	$ 0	$ 100
Termination Two
Restructuring Cost And Reserve [Line Items]
Number of employees who were terminated as of date | Employee	64
Termination One
Restructuring Cost And Reserve [Line Items]
Number of employees who were terminated as of date | Employee		536
Print
Restructuring Cost And Reserve [Line Items]
Number of facilities closed | Facility	1	2	1

Restructuring, Impairment and58

Restructuring, Impairment and Other Charges - Other Charges - Narrative (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Restructuring Cost And Reserve [Line Items]
Other Charges	$ 3	$ 22	$ 17
Accrued liabilities	237	203
Other noncurrent liabilities	106	84
Courier Corporation
Restructuring Cost And Reserve [Line Items]
Restructuring, integration charges		19
Multi-employer pension plan withdrawal obligations
Restructuring Cost And Reserve [Line Items]
Other Charges	5	4	18
Accrued liabilities	6	6
Other noncurrent liabilities	39	42
Multiemployer Plans, Pension
Restructuring Cost And Reserve [Line Items]
Other Charges			17
Multiemployer Plans, Pension | Multi-employer pension plan withdrawal obligations
Restructuring Cost And Reserve [Line Items]
Other Charges	$ 3	$ 3	$ 17

Restructuring, Impairment and59

Restructuring, Impairment and Other Charges - Schedule of Changes in the Restructuring Reserve (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Restructuring Cost And Reserve [Line Items]
Balance at the beginning	$ 37	$ 30
Restructuring Charges	15	27	$ 13
Foreign Exchange and Other	2	3
Cash Paid	(26)	(23)
Balance at the end	28	37	30
Employee terminations
Restructuring Cost And Reserve [Line Items]
Balance at the beginning	13	4
Restructuring Charges	8	20
Foreign Exchange and Other	2	1
Cash Paid	(15)	(12)
Balance at the end	8	13	4
Lease terminations and other
Restructuring Cost And Reserve [Line Items]
Balance at the beginning	4	5
Restructuring Charges	5	6
Foreign Exchange and Other	0	0
Cash Paid	(7)	(7)
Balance at the end	2	4	5
Multi-employer pension plan withdrawal obligations
Restructuring Cost And Reserve [Line Items]
Balance at the beginning	20	21
Restructuring Charges	2	1
Foreign Exchange and Other	0	2
Cash Paid	(4)	(4)
Balance at the end	$ 18	$ 20	$ 21

Restructuring, Impairment and60

Restructuring, Impairment and Other Charges - Restructuring Reserve - Narrative (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Restructuring And Related Activities [Abstract]
Current restructuring reserve (included in accrued liabilities)	$ 13	$ 19
Noncurrent restructuring reserve (included in noncurrent liabilities)	$ 15	$ 18

Goodwill and Other Intangible61

Goodwill and Other Intangible Assets - Schedule of Changes in the Carrying Amount of Goodwill (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016
Goodwill [Line Items]
Goodwill gross	$ 954	$ 909	$ 961
Accumulated impairment losses	(873)	(879)	(877)
Goodwill	81	30	84
Acquisition	3	51
Print
Goodwill [Line Items]
Goodwill gross	845	800	852
Accumulated impairment losses	(794)	(800)	(798)
Goodwill	51	0	54
Acquisition	3	51
Office Products
Goodwill [Line Items]
Goodwill gross	109	109	109
Accumulated impairment losses	(79)	(79)	(79)
Goodwill	30	30	$ 30
Acquisition	$ 0	$ 0

Goodwill and Other Intangible62

Goodwill and Other Intangible Assets - Narrative (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Other Intangible Assets [Line Items]
Impairment of goodwill	$ 0	$ 0	$ 100
Amortization expense for other intangible assets	$ 16	17	$ 11
Courier
Schedule Of Other Intangible Assets [Line Items]
Additions to other intangible assets		$ 104

Goodwill and Other Intangible63

Goodwill and Other Intangible Assets - Components of Other Intangible Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Schedule Of Other Intangible Assets [Line Items]
Gross Carrying Amount, amortizable intangible assets	$ 210	$ 211
Accumulated Amortization, amortizable intangible assets	(111)	(95)
Net Book Value, amortizable intangible assets	99	116
Gross Carrying Amount, total other intangible assets	242	243
Net Book Value, total other intangible assets	131	148
Trade Names
Schedule Of Other Intangible Assets [Line Items]
Net Book Value, indefinite-lived trade names	32	32
Customer Relationships
Schedule Of Other Intangible Assets [Line Items]
Gross Carrying Amount, amortizable intangible assets	205	206
Accumulated Amortization, amortizable intangible assets	(109)	(94)
Net Book Value, amortizable intangible assets	96	112
Trade Names
Schedule Of Other Intangible Assets [Line Items]
Gross Carrying Amount, amortizable intangible assets	5	5
Accumulated Amortization, amortizable intangible assets	(2)	(1)
Net Book Value, amortizable intangible assets	$ 3	$ 4

Goodwill and Other Intangible64

Goodwill and Other Intangible Assets - Schedule of Other Intangible Assets Additions by Component (Detail) - Courier $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Schedule Of Other Intangible Assets [Line Items]
Total additions	$ 104
Trade Names
Schedule Of Other Intangible Assets [Line Items]
Amount (indefinite-lived)	5
Customer Relationships
Schedule Of Other Intangible Assets [Line Items]
Amount	$ 94
Weighted Average Amortization Period	12 years
Trade Names
Schedule Of Other Intangible Assets [Line Items]
Amount	$ 5
Weighted Average Amortization Period	3 years

Goodwill and Other Intangible65

Goodwill and Other Intangible Assets - Schedule of Estimated Annual Amortization Expense Related to Other Intangible Assets (Detail) $ in Millions	Dec. 31, 2016USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2,017	$ 16
2,018	11
2,019	10
2,020	10
2,021	9
2022 and thereafter	43
Total	$ 99

Accounts Receivable - Transacti

Accounts Receivable - Transactions Affecting Allowance for Doubtful Accounts (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Receivables [Abstract]
Balance, beginning of year	$ 11	$ 13	$ 12
Provisions charged to expense	6	3	5
Write-offs and other	(7)	(5)	(4)
Balance, end of year	$ 10	$ 11	$ 13

Inventories - Components of Inv

Inventories - Components of Inventories (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Inventory Net [Abstract]
Raw materials and manufacturing supplies	$ 100	$ 102
Work in process	58	62
Finished goods	93	121
LIFO reserve	(58)	(67)
Total	$ 193	$ 218

Inventories - Narrative (Detail

Inventories - Narrative (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Inventory Net [Abstract]
LIFO benefit	$ 1	$ 7

Property, Plant and Equipment -

Property, Plant and Equipment - Components of Property, Plant and Equipment (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Property Plant And Equipment [Abstract]
Land	$ 42	$ 49
Buildings	762	774
Machinery and equipment	4,173	4,283
Property, plant and equipment, gross	4,977	5,106
Accumulated depreciation	(4,369)	(4,388)
Total	$ 608	$ 718

Property, Plant and Equipment70

Property, Plant and Equipment - Narrative (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property Plant And Equipment [Abstract]
Depreciation expense	$ 149	$ 160	$ 167

Fair Value Measurement - Assets

Fair Value Measurement - Assets Measured at Fair Value on a Nonrecurring Basis (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impairment of goodwill	$ 0	$ 0	$ 100
Total, impairment charge	0	8	103
Goodwill, net book value	$ 84	81	30
Fair Value, Measurements, Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Long-lived assets held and used, impairment charge			1
Long-lived assets held for sale or disposal, impairment charge		9	3
Impairment of goodwill			100
Total, impairment charge		9	104
Long-lived assets held and used, net book value			1
Long-lived assets held for sale or disposal, net book value		14	1
Goodwill, net book value			0
Total, net book value		14	2
Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Long-lived assets held and used, fair value measurement			1
Long-lived assets held for sale or disposal, fair value measurement		15	11
Goodwill, fair value measurement			0
Total, fair value measurement		$ 15	$ 12

Fair Value Measurement - Narrat

Fair Value Measurement - Narrative (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair values reduced by estimated costs to sell	$ 0	$ 0	$ 1
Magazines, catalogs and retail inserts
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Goodwill, fair value measurement			$ 0

Accrued Liabilities - Component

Accrued Liabilities - Components of Accrued Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Accrued Liabilities Current [Abstract]
Employee-related liabilities	$ 87	$ 55
Customer-related liabilities	37	36
Deferred revenue	33	34
Restructuring liabilities	13	19
Other	67	59
Total accrued liabilities	$ 237	$ 203

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)Facility	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Commitments And Contingencies Disclosure [Abstract]
Severance payments related to restructuring	$ 8
Committed total of property, plant and equipment expenditure	15
Commitments for outsourced services	35
Commitment to purchase natural gas	3
Operating lease commitments	167
Minimum non-cancelable sublease rental commitments	12
Rent expense	$ 39	$ 29	$ 27
Number of sites cited as potentially responsible party | Facility	9
Number of previously and currently owned sites with potential remediation obligations | Facility	4

Commitments and Contingencies75

Commitments and Contingencies - Future Minimum Rental Commitments Under Operating Leases (Detail) $ in Millions	Dec. 31, 2016USD ($)
Commitments And Contingencies Disclosure [Abstract]
2,017	$ 40
2,018	35
2,019	31
2,020	21
2,021	17
2022 and thereafter	23
Future minimum rental commitments under operating leases	$ 167

Debt - Schedule of the Company'

Debt - Schedule of the Company's Debt Obligations (Detail) - USD ($) $ in Millions		Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Capital lease obligations		$ 6
Unamortized debt issuance costs		(15)
Total debt		794
Less: current portion		(52)		$ (2)
Long-term debt (Note 12)		742		$ 3
Term Loan Facility due September 30, 2022
Debt Instrument [Line Items]
Term Loan Facility	[1]	353
Unamortized debt issuance costs		(6)
8.75% Senior Secured Notes due October 15, 2023
Debt Instrument [Line Items]
Senior Secured Notes		450	$ 450
Unamortized debt issuance costs		$ (9)
[1]	The borrowings under the term loan facility are subject to a variable interest rate. As of December 31, 2016 the interest rate was 7.00%.

Debt - Schedule of the Compan77

Debt - Schedule of the Company's Debt (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016
Debt Instrument [Line Items]
Debt instrument, interest rate	8.75%
Debt instrument, maturity date	Oct. 15, 2023
Term Loan Facility due September 30, 2022
Debt Instrument [Line Items]
Debt instrument, maturity date	Sep. 30, 2022
Debt instrument, variable interest rate	7.00%
8.75% Senior Secured Notes due October 15, 2023
Debt Instrument [Line Items]
Debt instrument, interest rate	8.75%	8.75%
Debt instrument, maturity date	Oct. 15, 2023

Debt - Narrative (Detail)

Debt - Narrative (Detail) - USD ($)		Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Debt instrument, interest rate			8.75%	8.75%
Debt instrument, maturity date				Oct. 15, 2023
Amount of difference between fair value and book value			$ 22,000,000	$ 22,000,000
Weighted average interest rate on borrowings			3.50%
Interest paid, net of interest received				7,000,000	$ 1,000,000	$ 2,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Total amount of revolving credit agreement			$ 400,000,000	$ 400,000,000
Credit Agreements
Debt Instrument [Line Items]
Debt instrument, interest payment terms				Interest on the Credit Agreement is due at least quarterly commencing on December 31, 2016.
Debt instrument, frequency of periodic interest payment				quarterly
Debt instrument, initial date of interest payment				Dec. 31, 2016
Allowable annual dividend payment under credit agreement		$ 50,000,000
Outstanding letters of credit			12,000,000	$ 12,000,000
Credit Agreements | Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, maturity date				Sep. 30, 2021
Debt instrument, principal amount		$ 400,000,000
Credit Agreements | Base Rate | Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Debt instrument, applicable margin rate		1.75%
Credit Agreements | Base Rate | Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Debt instrument, applicable margin rate		2.25%
Credit Agreements | LIBOR Rate | Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Debt instrument, applicable margin rate		2.75%
Credit Agreements | LIBOR Rate | Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Debt instrument, applicable margin rate		3.25%
Foreign Facilities
Debt Instrument [Line Items]
Total amount of revolving credit agreement			16,000,000	$ 16,000,000
Combined Facilities
Debt Instrument [Line Items]
Credit facility borrowings			0	0
8.75% Senior Secured Notes due October 15, 2023
Debt Instrument [Line Items]
Senior Secured Notes		$ 450,000,000	$ 450,000,000	$ 450,000,000
Debt instrument, interest rate		8.75%	8.75%	8.75%
Debt instrument, maturity date				Oct. 15, 2023
Debt instrument, interest payment terms				Interest on the Senior Notes is due semi-annually on April 15 and October 15, commencing on April 15, 2017.
Debt instrument, frequency of periodic interest payment				semi-annually
Debt instrument, initial date of interest payment				Apr. 15, 2017
Senior Secured Term Loan B Facility
Debt Instrument [Line Items]
Debt instrument, maturity date				Sep. 30, 2022
Credit facility borrowings	[1]		$ 353,000,000	$ 353,000,000
Senior Secured Term Loan B Facility | Credit Agreements
Debt Instrument [Line Items]
Debt instrument, maturity date				Sep. 30, 2022
Debt instrument, principal amount		$ 375,000,000
LIBOR floor rate		1.00%
Senior Secured Term Loan B Facility | Credit Agreements | Quarterly Installment for First Eight Quarters
Debt Instrument [Line Items]
Debt instrument, amortize in quarterly installment		$ 13,000,000
Senior Secured Term Loan B Facility | Credit Agreements | Quarterly Installment for Subsequent Quarters
Debt Instrument [Line Items]
Debt instrument, amortize in quarterly installment		$ 11,000,000
Senior Secured Term Loan B Facility | Credit Agreements | Base Rate
Debt Instrument [Line Items]
Debt instrument, applicable margin rate		5.00%
Senior Secured Term Loan B Facility | Credit Agreements | LIBOR Rate
Debt Instrument [Line Items]
Debt instrument, applicable margin rate		6.00%
[1]	The borrowings under the term loan facility are subject to a variable interest rate. As of December 31, 2016 the interest rate was 7.00%.

Debt - Future Maturities Of Deb

Debt - Future Maturities Of Debt (Detail) $ in Millions	Dec. 31, 2016USD ($)
Long Term Debt Maturities
2,017	$ 54
2,018	49
2,019	43
2,020	43
2,021	43
2022 and thereafter	586
Total	$ 818	[1]
[1]	Excludes unamortized debt issuance costs of $6 million and $9 million related to the Company’s Term Loan Facility and 8.75% Senior Notes due October 15, 2023, respectively, and a discount of $9 million related to the Company’s Term Loan Facility. These amounts do not represent contractual obligations with a fixed amount or maturity date.

Debt - Future Maturities Of D80

Debt - Future Maturities Of Debt (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 15
Interest rate	8.75%
Maturity date	Oct. 15, 2023
Term Loan Facility due September 30, 2022
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 6
Discount on senior notes	$ 9
Maturity date	Sep. 30, 2022
8.75% Senior Secured Notes due October 15, 2023
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 9
Interest rate	8.75%	8.75%
Maturity date	Oct. 15, 2023

Debt - Summary Of Interest Expe

Debt - Summary Of Interest Expense (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Debt Instruments [Abstract]
Interest incurred	$ 19	$ 0	$ 0
Less: interest income	(1)	(3)	(4)
Interest expense (income), net	$ 18	$ (3)	$ (4)

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Detail) - $ / shares	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2016	Oct. 01, 2016
Earnings Per Share [Line Items]
Number of subsidiary shares distributed to parent company stockholders			26,200,000
Number of subsidiary shares retained by parent company			6,200,000
Number of total distribution of subsidiary shares by parent company			26,200,000
Treasury stock, shares acquired		0
Dividend declared per common share	$ 0.25
RRD
Earnings Per Share [Line Items]
Common stock distribution conversion terms		one share of LSC Communications common stock for every eight shares of RRD common stock held at the close of business on September 23, 2016, the record date.
Number of share distributed to each stockholder in spinoff transaction			0.125

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Basic and Diluted EPS as Well as Reconciliation of Basic Shares to Diluted Shares (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net income per common share:
Basic	$ 3.25	$ 2.27	$ 1.79
Diluted	$ 3.23	$ 2.27	$ 1.79
Numerator:
Net income	$ 106	$ 74	$ 58
Denominator:
Weighted-average number of common shares outstanding	32.5	32.4	32.4
Dilutive options and awards	0.3	0	0
Dilutive weighted-average number of common shares outstanding	32.8	32.4	32.4

Retirement Plans - Narrative (D

Retirement Plans - Narrative (Detail)	Oct. 02, 2016USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)Pension_Plan	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)Pension_Plan	Oct. 01, 2016USD ($)
Defined Benefit Plan Disclosure [Line Items]
Net benefit Plan obligation						$ 358,000,000
Reduction in net benefit plan asset	$ 7,000,000
Reduction in pension obligation			$ 35,000,000
Threshold for recognition in net periodic benefit costs, percentage of projected benefit obligation or fair value of plan assets			10.00%
Defined contribution plan employer matching contribution pre tax amount per employee			$ 0.50
Defined contribution plan, maximum percentage of participation pay			3.00%
Other Charges			$ 3,000,000	$ 22,000,000	$ 17,000,000
Courier Corporation
Defined Benefit Plan Disclosure [Line Items]
Multi-employer pension plan company's contributions percentage			85.00%
Number of multi-employer pension plans | Pension_Plan			2
Multi-employer pension plan withdrawal obligations
Defined Benefit Plan Disclosure [Line Items]
Other Charges			$ 5,000,000	4,000,000	18,000,000
Multiemployer Plans, Pension
Defined Benefit Plan Disclosure [Line Items]
Other Charges					$ 17,000,000
Number of multi-employer Pension plans withdrawn from | Pension_Plan					2
Multiemployer Plans, Pension | Multi-employer pension plan withdrawal obligations
Defined Benefit Plan Disclosure [Line Items]
Other Charges			3,000,000	3,000,000	$ 17,000,000
Multiemployer Plans, Pension | Multi-employer pension plan withdrawal obligations | Facility closures
Defined Benefit Plan Disclosure [Line Items]
Other Charges			$ 2,000,000	1,000,000	1,000,000
Return Seeking Securities
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation percentage for qualified plan			60.00%
Hedging Investments
Defined Benefit Plan Disclosure [Line Items]
Target asset allocation percentage for qualified plan			40.00%
Selling, General and Administrative Expenses
Defined Benefit Plan Disclosure [Line Items]
Pension non-cash settlement expense			$ 1,000,000
Lump Sum Pension Payment Or Annuity
Defined Benefit Plan Disclosure [Line Items]
Benefits Paid			30,000,000
Qualified Plan
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plans, accumulated benefit obligation			2,439,000,000	168,000,000
Non-Qualified and International Plan
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plans, accumulated benefit obligation			90,000,000	218,000,000
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Net pension and postretirement income		$ 28,000,000		22,000,000	24,000,000
Pension plan contributions for current year			5,000,000
Pension Plan | Qualified Plan
Defined Benefit Plan Disclosure [Line Items]
Net benefit Plan obligation			2,439,000,000	168,000,000	181,000,000
Benefits Paid			39,000,000	9,000,000
Pension plan expected required contributions in 2017			$ 0
Number of pension plans expected required contributions in 2017 | Pension_Plan			2
Pension Plan | Non-Qualified Plan | Minimum
Defined Benefit Plan Disclosure [Line Items]
Pension plan expected required contributions in 2017			$ 5,000,000
Pension Plan | Non-Qualified Plan | Maximum
Defined Benefit Plan Disclosure [Line Items]
Pension plan expected required contributions in 2017			7,000,000
Pension Plan | Non-Qualified and International Plan
Defined Benefit Plan Disclosure [Line Items]
Net benefit Plan obligation			92,000,000	220,000,000	$ 241,000,000
Benefits Paid			$ 10,000,000	$ 10,000,000

Retirement Plans - Components o

Retirement Plans - Components of Net Periodic Benefit (Income) Expense (Detail) - Pension Benefits - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Qualified
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0	$ 0
Interest cost	24	7	6
Expected return on plan assets	(48)	(11)	(8)
Amortization of actuarial loss	6	0	0
Settlement	1	0	0
Net periodic benefit income	$ (17)	$ (4)	$ (2)
Weighted average assumption used to calculate net periodic benefit expense:
Discount rate	3.80%	4.20%	4.70%
Expected return on plan assets	7.20%	6.50%	6.50%
Non-Qualified & International
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0	$ 0
Interest cost	6	9	11
Expected return on plan assets	(7)	(13)	(15)
Amortization of actuarial loss	1	1	1
Settlement	0	0	0
Net periodic benefit income	$ 0	$ (3)	$ (3)
Weighted average assumption used to calculate net periodic benefit expense:
Discount rate	3.80%	3.80%	4.60%
Expected return on plan assets	7.20%	6.30%	7.00%

Retirement Plans - Reconciliati

Retirement Plans - Reconciliation of Benefit Obligation, Plan Assets and (Unfunded) Funded Status of Plans (Detail) - Pension Benefits - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	$ 389
Fair value of plan assets at end of year	2,251	$ 389
Qualified
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	168	181
Service cost	0	0	$ 0
Interest cost	24	7	6
Actuarial gain	(186)	(14)
Settlement	(30)	0
Foreign currency translation	0	0
Benefits paid	(39)	(9)
Plan transfers prior to separation	0	0
Plan transfers from parent company	2,502	0
Plan transfers to parent company	0	0
Acquisitions	0	3
Benefit obligation at end of year	2,439	168	181
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	169	182
Actual return on assets	(93)	(6)
Settlement	(30)	0
Employer contributions	1	0
Acquisitions	0	2
Foreign currency translation	0	0
Plan transfers from parent company	2,241	0
Plan transfers to parent company	0	0
Benefits paid	(39)	(9)
Fair value of plan assets at end of year	2,249	169	182
(Unfunded) funded status at end of year	(190)	1
Non-Qualified & International
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	220	241
Service cost	0	0	0
Interest cost	6	9	11
Actuarial gain	(7)	(3)
Settlement	0	0
Foreign currency translation	(27)	(11)
Benefits paid	(10)	(10)
Plan transfers prior to separation	0	(6)
Plan transfers from parent company	97	0
Plan transfers to parent company	(187)	0
Acquisitions	0	0
Benefit obligation at end of year	92	220	241
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	220	235
Actual return on assets	9	1
Settlement	0	0
Employer contributions	4	6
Acquisitions	0	0
Foreign currency translation	(27)	(12)
Plan transfers from parent company	0	0
Plan transfers to parent company	(194)	0
Benefits paid	(10)	(10)
Fair value of plan assets at end of year	2	220	$ 235
(Unfunded) funded status at end of year	$ (90)	$ 0

Retirement Plans - Amounts Reco

Retirement Plans - Amounts Recognized on Consolidated and Combined Balance Sheets (Detail) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Accrued benefit cost (included in accrued liabilities)	$ (237,000,000)	$ (203,000,000)
Pension liabilities	(279,000,000)	(1,000,000)
Net (liabilities) assets recognized in the consolidated and combined balance sheets	0
Pension Benefits | Qualified
Defined Benefit Plan Disclosure [Line Items]
Prepaid pension cost (included in other noncurrent assets)	4,000,000	2,000,000
Accrued benefit cost (included in accrued liabilities)	0	0
Pension liabilities	(194,000,000)	(1,000,000)
Net (liabilities) assets recognized in the consolidated and combined balance sheets	(190,000,000)	1,000,000
Pension Benefits | Non-Qualified & International
Defined Benefit Plan Disclosure [Line Items]
Prepaid pension cost (included in other noncurrent assets)	0	0
Accrued benefit cost (included in accrued liabilities)	(5,000,000)	0
Pension liabilities	(85,000,000)	0
Net (liabilities) assets recognized in the consolidated and combined balance sheets	$ (90,000,000)	$ 0

Retirement Plans - Amounts in A

Retirement Plans - Amounts in Accumulated Other Comprehensive Loss (Detail) - Pension Benefits - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Qualified
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	$ (727)	$ (3)
Total	(727)	(3)
Non-Qualified & International
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	(25)	(60)
Total	$ (25)	$ (60)

Retirement Plans - Amounts Re89

Retirement Plans - Amounts Recognized in Other Comprehensive Loss (Detail) - Pension Benefits $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
Qualified
Defined Benefit Plan Disclosure [Line Items]
Amortization of Net actuarial loss	$ 6
Amounts arising during the period, Net actuarial gain	46
Amounts arising during the period, Settlement	1
Total	53
Non-Qualified & International
Defined Benefit Plan Disclosure [Line Items]
Amortization of Net actuarial loss	1
Amounts arising during the period, Net actuarial gain	9
Amounts arising during the period, Settlement	0
Total	$ 10

Retirement Plans - Amounts in90

Retirement Plans - Amounts in Accumulated Other Comprehensive Loss Expected to be Recognized Next Fiscal Year (Detail) - Pension Benefits $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
Qualified
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	$ 17
Non-Qualified & International
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	$ 1

Retirement Plans - Weighted-Ave

Retirement Plans - Weighted-Average Assumptions Used to Determine Net Benefit Obligation (Detail) - Pension Benefits	Dec. 31, 2016	Dec. 31, 2015
Qualified
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.30%	4.60%
Non-Qualified & International
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.30%	3.80%

Retirement Plans - Summary of P

Retirement Plans - Summary of Projected Benefit Obligations in Excess of Plan Assets (Detail) - Pension Benefits - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Qualified
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 2,306	$ 3
Fair value of plan assets	2,112	2
Non-Qualified & International
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	92	3
Fair value of plan assets	$ 2	$ 2

Retirement Plans - Accumulated

Retirement Plans - Accumulated Benefit Obligations in Excess of Plan Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Qualified
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 2,306	$ 3
Fair value of plan assets	2,112	2
Non-Qualified & International
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	90	0
Fair value of plan assets	$ 1	$ 0

Retirement Plans - Expected Ben

Retirement Plans - Expected Benefit Payments (Detail) - Pension Benefits $ in Millions	Dec. 31, 2016USD ($)
Qualified
Defined Benefit Plan Disclosure [Line Items]
2,017	$ 123
2,018	127
2,019	132
2,020	135
2,021	139
2022-2026	740
Non-Qualified & International
Defined Benefit Plan Disclosure [Line Items]
2,017	5
2,018	5
2,019	5
2,020	6
2,021	6
2022-2026	$ 30

Retirement Plans - Allocation o

Retirement Plans - Allocation of Plan Assets, Pension Plan (Detail) - Pension Benefits - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	$ 2,251	$ 389
Cash and Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	80	12
Equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	595	0
Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	802	44
Derivatives and Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	0	18
Investments Measurement at NAV as a Practical Expedient
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	774	315
Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	645	14
Fair Value, Inputs, Level 1 | Cash and Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	50	12
Fair Value, Inputs, Level 1 | Equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	595	0
Fair Value, Inputs, Level 1 | Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	0	0
Fair Value, Inputs, Level 1 | Derivatives and Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	0	2
Fair Value, Inputs, Level 1 | Investments Measurement at NAV as a Practical Expedient
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	0	0
Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	832	60
Fair Value, Inputs, Level 2 | Cash and Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	30	0
Fair Value, Inputs, Level 2 | Equity
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	0	0
Fair Value, Inputs, Level 2 | Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	802	44
Fair Value, Inputs, Level 2 | Derivatives and Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	0	16
Fair Value, Inputs, Level 2 | Investments Measurement at NAV as a Practical Expedient
Defined Benefit Plan Disclosure [Line Items]
Fair value of the company's benefit plan assets	$ 0	$ 0

Income Taxes - Components of Ea

Income Taxes - Components of Earnings from Operations Before Income Taxes (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Components Of Income Tax Expense Benefit Continuing Operations [Abstract]
U.S.	$ 129	$ 136	$ 61
Foreign	28	2	27
Income before income taxes	$ 157	$ 138	$ 88

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Benefit) From Operations (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
U S Federal, Current	$ 54	$ 76	$ 71
U S State and Local, Current	10	13	13
Foreign, Current	5	13	5
Current income tax expense	69	102	89
U S Federal, Deferred	(17)	(31)	(43)
U S State and Local, Deferred	(3)	(5)	(7)
Foreign, Deferred	2	(2)	(9)
Deferred income tax benefit	(18)	(38)	(59)
Income tax expense	$ 51	$ 64	$ 30

Income Taxes - Reconciliation F

Income Taxes - Reconciliation From Federal Statutory Tax Rate to Effective Tax Rate (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Effective Income Tax Rate Continuing Operations Tax Rate Reconciliation [Abstract]
Federal statutory tax rate	35.00%	35.00%	35.00%
State and local income taxes, net of U.S. federal income tax benefit	3.10%	3.80%	4.30%
Change in valuation allowances	0.90%	2.50%	(5.60%)
Foreign tax rate differential	(1.40%)	0.80%	(3.10%)
International investment tax credit	(1.60%)	(1.80%)	(7.40%)
Domestic manufacturing deduction	(3.10%)	(4.40%)	(6.70%)
Adjustment of uncertain tax positions and interest	0.00%	4.40%	0.00%
Acquisition-related expenses	0.00%	3.00%	0.50%
Impairment charges	0.00%	0.00%	17.90%
Other	(0.40%)	3.20%	(0.70%)
Effective income tax rate	32.50%	46.50%	34.20%

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Oct. 01, 2016
Income Tax [Line Items]
Income tax expense settlement related to prior year taxes in international jurisdiction		$ 6,000,000
Deferred tax asset	$ 305,000,000	196,000,000		$ 139,000,000
Net operating loss and other carryforwards expiring between 2017 and 2026	105,000,000
Undistributed earnings of foreign subsidiaries	92,000,000
Cash payments for income taxes	14,000,000	3,000,000	$ 4,000,000
Cash refunds for income taxes	3,000,000	5,000,000
Uncertain tax positions	0	5,000,000	0
Total interest expense, net of tax benefits related to remaining tax uncertainties	0	1,000,000	0
Penalty amounts recognized	0	0	0
Accrued interest related to income tax uncertainties	0	2,000,000
Accrued penalties related to income tax uncertainties	0	0
RRD
Income Tax [Line Items]
Cash payments for income taxes	57,000,000	88,000,000	$ 86,000,000
Domestic
Income Tax [Line Items]
Operating loss carryforwards	5,000,000	6,000,000
Foreign
Income Tax [Line Items]
Operating loss carryforwards	$ 101,000,000	$ 120,000,000

Income Taxes - Schedule of Sign

Income Taxes - Schedule of Significant Deferred Tax Assets And Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Oct. 01, 2016	Dec. 31, 2015
Components Of Deferred Tax Assets And Liabilities [Abstract]
Pension benefits plan liabilities	$ 126		$ 19
Net operating losses and other tax carryforwards	106		126
Accrued liabilities	57		31
Foreign depreciation	10		12
Other	6		8
Total deferred tax assets	305	$ 139	196
Valuation allowances	(87)		(106)
Net deferred tax assets	218		90
Accelerated depreciation	(91)		(126)
Other intangible assets	(56)		(62)
Inventories	(11)		(14)
Other	(5)		(4)
Total deferred tax liabilities	(163)		(206)
Net deferred tax assets	$ 55
Net deferred tax liabilities			$ (116)

Income Taxes - Schedule of Tran

Income Taxes - Schedule of Transactions Affecting Valuation Allowance on Deferred Tax Assets (Detail) - Valuation Allowance of Deferred Tax Assets - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Valuation Allowance [Line Items]
Balance, beginning of year	$ 106	$ 111	$ 135
Current year expense-net	1	3	(5)
Write-offs	0	0	0
Foreign exchange and other	(13)	(8)	(19)
Balance, end of year	87	106	111
U.K
Valuation Allowance [Line Items]
Transfer of entity to parent company	$ (7)	$ 0	$ 0

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Reconciliation Of Unrecognized Tax Benefits Excluding Amounts Pertaining To Examined Tax Returns Roll Forward
Balance, beginning of year	$ 5	$ 0
Additions for tax positions of prior years	0	5
Settlements during the year	(5)	0
Foreign exchange and other	0	0
Balance, end of year	$ 0	$ 5

Comprehensive Income - Schedule

Comprehensive Income - Schedule of Components of Other Comprehensive Income (Loss) and Income Tax Expense Allocated to Each Component (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income (loss), Before Tax Amount	$ 68	$ (38)	$ (32)
Other comprehensive income (loss), Income Tax Expense	28	(1)	0
Other comprehensive income (loss)	40	(37)	(32)
Translation adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income (loss), Before Tax Amount	5	(28)	(33)
Other comprehensive income (loss), Income Tax Expense	0	0	0
Other comprehensive income (loss)	5	(28)	(33)
Pension and Other Postretirement Benefits Plan Cost
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income (loss), Before Tax Amount	63	(10)	1
Other comprehensive income (loss), Income Tax Expense	28	(1)	0
Other comprehensive income (loss)	$ 35	$ (9)	$ 1

Comprehensive Income - Sched104

Comprehensive Income - Schedule of Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	$ 1,277	$ 1,175	$ 1,315
Balance	240	1,277	1,175
Pension and Other Postretirement Benefits Plan Cost
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(46)	(37)	(38)
Other comprehensive income (loss) before reclassifications	29	(10)	0
Amounts reclassified from accumulated other comprehensive loss	6	1	1
Transfer of pension plan from parent company, net	(495)
Net change in accumulated other comprehensive loss	(416)	(9)	1
Balance	(462)	(46)	(37)
Pension and Other Postretirement Benefits Plan Cost | U.K
Accumulated Other Comprehensive Income Loss [Line Items]
Transfer of entity to parent company, net	44
Translation adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(159)	(131)	(98)
Other comprehensive income (loss) before reclassifications	5	(28)	(33)
Amounts reclassified from accumulated other comprehensive loss	0	0	0
Transfer of pension plan from parent company, net	0
Net change in accumulated other comprehensive loss	90	(28)	(33)
Balance	(69)	(159)	(131)
Translation adjustments | U.K
Accumulated Other Comprehensive Income Loss [Line Items]
Transfer of entity to parent company, net	85
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(205)	(168)	(136)
Other comprehensive income (loss) before reclassifications	34	(38)	(33)
Amounts reclassified from accumulated other comprehensive loss	6	1	1
Transfer of pension plan from parent company, net	(495)
Net change in accumulated other comprehensive loss	(326)	(37)	(32)
Balance	(531)	$ (205)	$ (168)
Accumulated Other Comprehensive Loss | U.K
Accumulated Other Comprehensive Income Loss [Line Items]
Transfer of entity to parent company, net	$ 129

Comprehensive Income - Sched105

Comprehensive Income - Schedule of Reclassification From Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Amortization of Pension Plan Cost: Net Actuarial Loss
Reclassification from Accumulated Other Comprehensive Loss
Reclassifications before tax	[1]	$ 7	$ 1	$ 1
Amortization of Pension Plan Cost: Settlement
Reclassification from Accumulated Other Comprehensive Loss
Reclassifications before tax		1	0	0
Accumulated Defined Benefit Plans Adjustment
Reclassification from Accumulated Other Comprehensive Loss
Reclassifications before tax		8	1	1
Income tax expense		2	0	0
Reclassifications, net of tax		$ 6	$ 1	$ 1
[1]	These accumulated other comprehensive income components are included in the calculation of net periodic pension benefits plan (income) expense recognized in cost of sales and selling, general and administrative expenses in the consolidated and combined statements of income (see Note 14, Retirement Plans).

Stock and Incentive Programs -

Stock and Incentive Programs - Narrative (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Oct. 01, 2016Entity
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of entities outstanding RRD options related to 2009, 2010, 2011, and 2012 grants modified and converted into stock options				3
Number of entities outstanding shares related to 2013 and 2014 RRD RSUs modified and converted to RSU				3
Number of entities PSUs for 2014 converted to RSUs				3
Share-based compensation | $	$ 8	$ 6	$ 6
Maximum | Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award term (in years)	10 years
Award vesting term	4 years
Maximum | Stock Options | After Retirement Date
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award term (in years)	5 years
Maximum | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award vesting term	4 years
Maximum | 2016 Performance Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Award term (in years)	10 years
RRD Prior To Separation
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation | $	$ 5

Stock and Incentive Programs107

Stock and Incentive Programs - Stock Options - Narrative (Detail) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock options granted	0	0	0

Stock and Incentive Programs108

Stock and Incentive Programs - Summary of Stock Option Activity (Detail) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Dec. 31, 2016USD ($)$ / sharesshares
Shares Under Option
Outstanding at beginning of period | shares	299
Outstanding at end of period | shares	299
Vested and expected to vest at end of period | shares	299
Exercisable at end of period | shares	299
Weighted Average Exercise Price
Outstanding at beginning of period | $ / shares	$ 25.32
Outstanding at end of period | $ / shares	25.32
Vested and expected to vest at end of period | $ / shares	25.32
Exercisable at end of period | $ / shares	$ 25.32
Weighted Average Remaining Contractual Term (years)
Outstanding	3 years 3 months 26 days
Vested and expected to vest at end of period	3 years 3 months 26 days
Exercisable at end of period	3 years 3 months 26 days
Aggregate Intrinsic Value
Outstanding at end of period | $	$ 2
Vested and expected to vest at end of period | $	2
Exercisable at end of period | $	$ 2

Stock and Incentive Programs109

Stock and Incentive Programs - Summary of Restricted Stock Units Activity (Detail) - Restricted Stock Units shares in Thousands	3 Months Ended
	Dec. 31, 2016$ / sharesshares
Shares
Nonvested at beginning of period, Shares | shares	652
Granted, Shares | shares	19
Vested, Shares | shares	(19)
Nonvested at end of period, Shares | shares	652
Weighted Average Grant Date Fair Value
Nonvested at beginning of period, Weighted Average Grant Date Fair Value | $ / shares	$ 28.39
Date Fair Value | $ / shares	26.26
Vested, Weighted Average Grant Date Fair Value | $ / shares	26.26
Nonvested at end of period, Weighted Average Grant Date Fair Value | $ / shares	$ 28.39

Stock and Incentive Programs110

Stock and Incentive Programs - Restricted Stock Units - Narrative (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 8	$ 6	$ 6
LSC Communications, RRD and Donnelley Financial Restricted Stock Units | Employees, Officers and Directors
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	7	$ 4	$ 4
Unrecognized share-based compensation cost	$ 10
Equity instruments other than options expected to vest, Shares	800
Equity instruments other than options expected to vest, weighted-average grant date fair value	$ 27.14
Unrecognized compensation expense, weighted average period of recognition	1 year 8 months 12 days

Stock and Incentive Programs111

Stock and Incentive Programs - Summary of Performance Restricted Stock Activity (Detail) - Performance Restricted Stock - $ / shares	Oct. 02, 2016	Dec. 31, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Nonvested at beginning of period, Shares		0
Granted, Shares	434,463	434,000
Nonvested at end of period, Shares		434,000
Nonvested at beginning of period, Weighted Average Grant Date Fair Value		$ 0
Granted, Weighted Average Grant Date Fair Value		26.26
Nonvested at end of period, Weighted Average Grant Date Fair Value		$ 26.26

Stock and Incentive Programs112

Stock and Incentive Programs - Performance Restricted Stock - Narrative (Detail) - USD ($) $ in Millions	Oct. 02, 2016	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation			$ 8	$ 6	$ 6
Performance Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance restricted stock granted to certain executive officers and senior management	434,463	434,000
Vesting percentage on achievement of performance target, description			Vest one-third on each anniversary of the grant date
Potential payout for awards			434,463
Equity instruments other than options, percentage of expected payout			100.00%
Share-based compensation			$ 1		$ 0
Unrecognized share-based compensation cost		$ 10	$ 10
Unrecognized compensation expense, weighted average period of recognition			2 years 9 months 18 days
Performance Restricted Stock | October 1, 2016 through September 30, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage on achievement of performance target	33.33%
Performance Restricted Stock | October 1, 2017 through September 30, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage on achievement of performance target	33.33%
Performance Restricted Stock | October 1, 2018 through September 30, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting percentage on achievement of performance target	33.33%

Segment Information - Narrative

Segment Information - Narrative (Detail)	12 Months Ended
	Dec. 31, 2016Category
Office Products
Segment Reporting Information [Line Items]
Number of core product categories	5
Sales Revenue Segment | Product Concentration Risk | Print
Segment Reporting Information [Line Items]
Percentage of net sales by segment	86.00%
Sales Revenue Segment | Product Concentration Risk | Office Products
Segment Reporting Information [Line Items]
Percentage of net sales by segment	14.00%

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net Sales	$ 3,654	$ 3,743	$ 3,853
Income (Loss) from Operations	175	135	75
Assets of Operations	1,952	2,011	1,869
Depreciation and amortization	171	181	181
Capital Expenditures	48	42	60
Total Operating Segments
Segment Reporting Information [Line Items]
Net Sales	3,654	3,743	3,853
Income (Loss) from Operations	195	143	87
Assets of Operations	1,824	1,971	1,910
Depreciation and amortization	169	180	179
Capital Expenditures	42	42	60
Total Operating Segments | Print
Segment Reporting Information [Line Items]
Net Sales	3,127	3,181	3,353
Income (Loss) from Operations	141	96	47
Assets of Operations	1,501	1,647	1,579
Depreciation and amortization	154	164	164
Capital Expenditures	39	38	55
Total Operating Segments | Office Products
Segment Reporting Information [Line Items]
Net Sales	527	562	500
Income (Loss) from Operations	54	47	40
Assets of Operations	323	324	331
Depreciation and amortization	15	16	15
Capital Expenditures	3	4	5
Corporate
Segment Reporting Information [Line Items]
Net Sales	0	0	0
Income (Loss) from Operations	(20)	(8)	(12)
Assets of Operations	128	40	(41)
Depreciation and amortization	2	1	2
Capital Expenditures	$ 6	$ 0	$ 0

Segment Information - Schedu115

Segment Information - Schedule of Corporate Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Receivables, less allowances for doubtful accounts	$ 667	$ 617
Cash and cash equivalents	95	95	$ 125	$ 145
Property, plant and equipment-net (Note 8)	608	718
LIFO reserve	(58)	(67)
Corporate
Segment Reporting Information [Line Items]
Receivables, less allowances for doubtful accounts	54	(8)	(5)
Cash and cash equivalents	45		1
Long-term investments	19	10	11
Property, plant and equipment-net (Note 8)	15	13	13
LIFO reserve	(58)	(67)	(74)
Current and deferred income tax assets, net of valuation allowances	$ 24	$ 83	$ (1)

Geographic Areas - Net Sales an

Geographic Areas - Net Sales and Long-Lived Assets by Geographic Region (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues From External Customers And Long Lived Assets [Line Items]
Net Sales		$ 3,654	$ 3,743	$ 3,853
Long-lived assets	[1]	704	786	776
North America
Revenues From External Customers And Long Lived Assets [Line Items]
Net Sales	[2]	3,286	3,319	3,350
Long-lived assets	[1],[2]	651	722	692
Europe
Revenues From External Customers And Long Lived Assets [Line Items]
Net Sales		272	305	381
Long-lived assets	[1]	30	43	61
Mexico
Revenues From External Customers And Long Lived Assets [Line Items]
Net Sales		96	119	122
Long-lived assets	[1]	$ 23	$ 21	$ 23
[1]	Includes net property, plant and equipment and other noncurrent assets.
[2]	North America includes the United States and Canada.

Related Parties - Allocation of

Related Parties - Allocation of Expense Reflected in the Consolidated and Combined Financial Statements (Detail) - RRD - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Total allocations from RRD	$ 186	$ 243	$ 270
Costs of Goods Sold
Related Party Transaction [Line Items]
Total allocations from RRD	67	78	84
Selling, General and Administrative Expenses
Related Party Transaction [Line Items]
Total allocations from RRD	114	158	178
Depreciation and Amortization
Related Party Transaction [Line Items]
Total allocations from RRD	$ 5	$ 7	$ 8

Related Parties - Narrative (De

Related Parties - Narrative (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
RRD
Related Party Transaction [Line Items]
Related party, trade receivables	$ 62	$ 0
Related party, trade payables	56	0
Related party, non-trade receivables	10
Donnelley Financial Solutions
Related Party Transaction [Line Items]
Related party, trade receivables	3	0
Related party, trade payables	1	0
RRD’s subsidiaries. and Donnelley Financial Solutions
Related Party Transaction [Line Items]
Net revenues from related party sales	103	64	$ 63
RRD
Related Party Transaction [Line Items]
Freight, logistics and premedia services purchased	$ 208	$ 216	$ 244