LSC Communications (LKSDQ) 10-Q 3 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 28, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Trading Symbol	LKSD
Entity Registrant Name	LSC Communications, Inc.
Entity Central Index Key	1,669,812
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		34,891,274

CONDENSED CONSOLIDATED AND COMB

CONDENSED CONSOLIDATED AND COMBINED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 98	$ 95
Receivables, less allowances for doubtful accounts of $10 in 2017 (2016: $10)	582	667
Inventories (Note 3)	200	193
Prepaid expenses and other current assets	30	21
Total current assets	910	976
Property, plant and equipment-net (Note 4)	575	608
Goodwill (Note 5)	88	84
Other intangible assets-net (Note 5)	123	131
Deferred income taxes	58	57
Other noncurrent assets	97	96
Total assets	1,851	1,952
LIABILITIES
Accounts payable	277	294
Accrued liabilities	211	237
Short-term and current portion of long-term debt (Note 13)	26	52
Total current liabilities	514	583
Long-term debt (Note 13)	718	742
Pension liabilities	253	279
Deferred income taxes	1	2
Other noncurrent liabilities	102	106
Total liabilities	1,588	1,712
Commitments and Contingencies (Note 12)
EQUITY (Note 8)
Common stock, $0.01 par value Authorized: 65,000,000 shares; Issued:33,482,459 shares in 2017 (2016: 32,449,669)	0	0
Additional paid-in-capital	784	770
(Accumulated deficit) retained earnings	(12)	1
Accumulated other comprehensive loss (Note 10)	(508)	(531)
Treasury stock, at cost: 34,727 shares in 2017	(1)	0
Total equity	263	240
Total liabilities and equity	$ 1,851	$ 1,952

CONDENSED CONSOLIDATED AND COM3

CONDENSED CONSOLIDATED AND COMBINED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Statement Of Financial Position [Abstract]
Receivables, allowance for doubtful accounts	$ 10	$ 10
Common stock, par value	$ 0.01	$ 0.01
Common stock, Authorized	65,000,000	65,000,000
Common stock, Issued	33,482,459	32,449,669
Treasury stock, shares	34,727	0

CONDENSED CONSOLIDATED AND COM4

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Net sales	$ 848	$ 906	$ 1,669	$ 1,786
Cost of sales	705	745	1,397	1,467
Selling, general and administrative expenses (exclusive of depreciation and amortization)	64	68	129	130
Restructuring, impairment and other charges-net (Note 6)	21	5	27	8
Depreciation and amortization	39	44	79	90
Income from operations	19	44	37	91
Interest expense (income)-net	16	(1)	33	(1)
Investment and other expense-net	0	1	0	1
Income before income taxes	3	44	4	91
Income tax (benefit) expense	(2)	16	0	32
Net income	$ 5	$ 28	$ 4	$ 59
Net earnings per common share (Note 9):
Basic net earnings per share	$ 0.13	$ 0.87	$ 0.11	$ 1.82
Diluted net earnings per share	0.12	0.87	0.11	1.82
Dividends declared per common share	$ 0.25	$ 0	$ 0.50	$ 0
Weighted average number of common shares outstanding:
Basic	33.5	32.4	33.1	32.4
Diluted	33.8	32.4	33.4	32.4

CONDENSED CONSOLIDATED AND COM5

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 5	$ 28	$ 4	$ 59
Other comprehensive income (loss), net of tax (Note 10)
Translation adjustments	9	(11)	18	(1)
Adjustments for net periodic pension plan cost	2	2	5	(2)
Other comprehensive income (loss)	11	(9)	23	(3)
Comprehensive income	$ 16	$ 19	$ 27	$ 56

CONDENSED CONSOLIDATED AND COM6

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash Flows from Operating Activities
Net income	$ 4	$ 59
Adjustments to reconcile net income to net cash provided by operating activities:
Impairment charges	0	2
Depreciation and amortization	79	90
Provision for doubtful accounts receivable	1	4
Share-based compensation	7	3
Deferred income taxes	(1)	(16)
Other	(2)	0
Changes in operating assets and liabilities - net of acquisitions:
Accounts receivable- net	66	34
Inventories	(4)	(21)
Prepaid expenses and other current assets	(3)	(7)
Accounts payable	(4)	(52)
Income taxes payable and receivable	(10)	(2)
Accrued liabilities and other	(55)	(39)
Net cash provided by operating activities	78	55
Cash Flows from Investing Activities
Capital expenditures	(36)	(19)
Acquisitions of businesses, net of cash acquired	(5)	0
Proceeds from sales of investments	3	0
Proceeds from sales of other assets	6	1
Transfers from restricted cash	0	10
Net cash used in investing activities	(32)	(8)
Cash Flows from Financing Activities
Payments of current maturities and long-term debt	(52)	(2)
Proceeds from issuance of common stock	18	0
Dividends paid	(16)	0
Payments from RRD - net	3	0
Net transfers to Parent and affiliates	0	(73)
Net cash used in financing activities	(47)	(75)
Effect of exchange rate on cash and cash equivalents	4	(2)
Net increase (decrease) in cash and cash equivalents	3	(30)
Cash and cash equivalents at beginning of year	95	95
Cash and cash equivalents at end of period	98	65
Supplemental non-cash disclosure:
Assumption of warehousing equipment related to customer contract	$ 0	$ 9

Overview and Basis of Presentat

Overview and Basis of Presentation	6 Months Ended
	Jun. 30, 2017
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 stockholders on October 1, 2016. RRD retained a 19.25% ownership stake in both LSC Communications and Donnelley Financial. On October 1, 2016, RRD stockholders 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. On March 28, 2017, RRD completed the sale of 6.2 million shares of LSC Communications common stock, representing its entire 19.25% retained ownership . In connection with the over-allotment option granted to the underwriters as part of the secondary sale by RRD, LSC Communications also sold 0.9 million shares of common stock, receiving proceeds of $18 million, which were used for general corporate purposes. In connection with the separation, LSC Communications, RRD and Donnelley Financial entered into commercial arrangements, transition services agreements and various other agreements related to the separation that remain in effect. Final copies of such agreements are filed as exhibits to this quarterly report on Form 10-Q. Basis of Presentation The accompanying condensed consolidated and combined financial statements reflect the consolidated balance sheets and statements of income of the Company as an independent, publicly traded company for the period after the separation, and the condensed combined balance sheets and statements of income of the Company as a combined reporting entity of RRD for the periods prior to the separation. The condensed consolidated and combined financial statements include the balance sheets, statements of income and cash flows in conformity with accounting principles generally accepted in the United States (“GAAP”). These unaudited condensed consolidated and combined interim financial statements include estimates and assumptions of management that affect the amounts reported in the condensed consolidated and combined financial statements. Actual results could differ from these estimates. On October 1, 2016, the Company recorded certain separation-related adjustments primarily for certain assets and liabilities that were distributed as part of the separation from RRD. 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. Refer to Note 8, Equity Prior to the Separation The condensed 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 that 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 condensed 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 condensed combined statement of cash flows as a financing activity.

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Business Combinations	Note 2. Business Combinations 2017 Acquisition On March 1, 2017, the Company acquired HudsonYards Studios (“HudsonYards”), a leading digital and print premedia production company that provides high-quality creative retouching, computer-generated imagery, mechanical creation, press-ready file preparation, and interactive production services. The acquisition enhances the Company’s digital and premedia capabilities. The purchase price for HudsonYards was $3 million, of which $2 million was recorded in goodwill. For both the three and six months ended June 30, 2017, the Company recorded $1 million of acquisition-related expenses associated with completed and contemplated acquisitions within selling, general and administrative expenses in the condensed consolidated and combined statements of income. 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 Company paid $7 million in cash in 2016. An additional $2 million was paid during the three months ended March 31, 2017 as part of a final working capital adjustment for a total purchase price of $9 million, of which $5 million was recorded in goodwill. There were no acquisition-related expenses during the three and six months ended June 30, 2016. Pro forma results The following unaudited pro forma financial information for the three and six months ended June 30, 2017 and 2016 presents the condensed consolidated and combined statements of income of the Company and the acquisitions described above, as if the acquisitions had occurred as of January 1 of the year prior to the acquisitions. The unaudited pro forma financial information is not intended to represent or be indicative of the Company’s condensed consolidated and combined statements of income 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 future condensed consolidated statements of income. Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Net sales $ 848 $ 920 $ 1,670 $ 1,815 Net income 5 28 3 59

Inventories

Inventories	6 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Inventories	Note 3. Inventories The components of the Company’s inventories, net of excess and obsolescence reserves for raw materials and finished goods, at June 30, 2017 and December 31, 2016 were as follows: June 30, December 31, 2017 2016 Raw materials and manufacturing supplies $ 105 $ 100 Work in process 59 58 Finished goods 93 93 Last in, First out reserve (“LIFO”) (57 ) (58 ) Total $ 200 $ 193

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2017
Property Plant And Equipment [Abstract]
Property, Plant and Equipment	Note 4. Property, Plant and Equipment The components of the Company’s property, plant and equipment at June 30, 2017 and December 31, 2016 were as follows: June 30, December 31, 2017 2016 Land $ 42 $ 42 Buildings 767 762 Machinery and equipment 4,127 4,173 4,936 4,977 Accumulated depreciation (4,361 ) (4,369 ) Total $ 575 $ 608 During the three and six months ended June 30, 2017, depreciation expense was $33 million and

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2017
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 six months ended June 30, 2017 were as follows: Print Office Products Total Net book value as of December 31, 2016 Goodwill $ 852 $ 109 $ 961 Accumulated impairment losses (798 ) (79 ) (877 ) Total 54 30 84 Acquisitions 4 — 4 Net book value as of June 30, 2017 Goodwill 864 109 973 Accumulated impairment losses (806 ) (79 ) (885 ) Total $ 58 $ 30 $ 88 The components of other intangible assets at June 30, 2017 and December 31, 2016 were as follows: June 30, 2017 December 31, 2016 Gross Carrying Accumulated Net Book Gross Carrying Accumulated Net Book Amount Amortization Value Amount Amortization Value Customer relationships $ 206 $ (117 ) $ 89 $ 205 $ (109 ) $ 96 Trade names 5 (3 ) 2 5 (2 ) 3 Total amortizable other intangible assets 211 (120 ) 91 210 (111 ) 99 Indefinite-lived trade names 32 — 32 32 — 32 Total other intangible assets $ 243 $ (120 ) $ 123 $ 242 $ (111 ) $ 131 During the three and six months ended June 30, 2017, amortization expense for other intangible assets was $4 million and $8 million, respectively. During the three and six months ended June 30, 2016, amortization expense for other intangible assets was $4 million and $9 million, respectively. The following table outlines the estimated annual amortization expense related to other intangible assets as of June 30, 2017: For the twelve months ending December 31, Amount 2017 $ 16 2018 11 2019 10 2020 10 2021 9 2022 and thereafter 43 Total $ 99

Restructuring, Impairment and O

Restructuring, Impairment and Other Charges	6 Months Ended
	Jun. 30, 2017
Restructuring And Related Activities [Abstract]
Restructuring, Impairment and Other Charges	Note 6. Restructuring, Impairment and Other Charges For the three months ended June 30, 2017 and 2016, the Company recorded the following net restructuring, impairment and other charges: Three Months Ended June 30, 2017 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 3 $ 2 $ 5 $ — $ 1 $ 6 Corporate — 15 15 — — 15 Total $ 3 $ 17 $ 20 $ — $ 1 $ 21 Three Months Ended June 30, 2016 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 2 $ 1 $ 3 $ 1 $ 1 $ 5 Total $ 2 $ 1 $ 3 $ 1 $ 1 $ 5 For the six months ended June 30, 2017 and 2016, the Company recorded the following net restructuring, impairment and other charges: Six Months Ended June 30, 2017 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 6 $ 3 $ 9 $ — $ 2 $ 11 Office Products 1 — 1 — — 1 Corporate — 15 15 — — 15 Total $ 7 $ 18 $ 25 $ — $ 2 $ 27 Six Months Ended June 30, 2016 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 2 $ 3 $ 5 $ 1 $ 2 $ 8 Total $ 2 $ 3 $ 5 $ 1 $ 2 $ 8 Restructuring and Impairment Charges For the three and six months ended June 30, 2017, the Company incurred employee-related restructuring charges of $3 million and $7 million for an aggregate of 504 employees, of whom 266 were terminated as of or prior to June 30, 2017. These charges primarily related to the announcement of one facility closure in the Print segment and the reorganization of certain business units and corporate functions. For the three and six months ended June 30, 2016, the Company incurred lease termination and other restructuring charges of $1 million and $3 million, respectively. Additionally, the three and six months ended June 30, 2016 both included net restructuring charges of $2 million for employee termination costs for an aggregate of 37 employees, all of whom were terminated as of June 30, 2017. These charges primarily related to the announcement of one facility closure in the Print segment and the reorganization of certain operations. The Company also recorded $1 million for both the three and six months ended June 30, 2016 of net impairment charges related to buildings, machinery and equipment associated with facility closings. Other Charges For the three and six months ended June 30, 2017, the Company recorded other charges of $1 million and $2 million, respectively, for multiemployer 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 multiemployer pension plans included in accrued liabilities and other noncurrent liabilities are $6 million and $38 million, respectively, at June 30, 2017. 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 multiemployer 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 and condensed consolidated and combined balance sheets, statements of income or cash flows. For the three and six months ended June 30, 2016, the Company recorded other charges of $1 million and $2 million, respectively, for multiemployer pension plan withdrawal obligations unrelated to facility closures. Restructuring Reserve The restructuring reserve as of December 31, 2016 and June 30, 2017, and changes during the six months ended June 30, 2017, were as follows: December 31, 2016 Restructuring Charges Foreign Exchange and Other Cash Paid June 30, 2017 Employee terminations $ 8 $ 7 $ — $ (7 ) $ 8 Multiemployer pension plan withdrawal obligations 18 1 — (2 ) 17 Lease terminations and other 2 11 — (11 ) 2 Total $ 28 $ 19 $ — $ (20 ) $ 27 The current portion of restructuring reserves of $13 million at June 30, 2017 was included in accrued liabilities, while the long-term portion of $14 million, which primarily related to multiemployer pension plan withdrawal obligations related to facility closures and lease termination costs, was included in other noncurrent liabilities at June 30, 2017. The Company anticipates that payments associated with the employee terminations reflected in the above table will be substantially completed by June 30, 2018. Payments on all of the Company’s multiemployer 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 multiemployer pension plan withdrawals. 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 condensed consolidated and combined financial statements.

Retirement Plans

Retirement Plans	6 Months Ended
	Jun. 30, 2017
Compensation And Retirement Disclosure [Abstract]
Retirement Plans	Note 7. Retirement Plans The Company is the sole sponsor of certain defined benefit pension plans, which have been reflected in the condensed consolidated and combined balance sheets as of June 30, 2017 and December 31, 2016. 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. The Company recorded a net benefit plan obligation of $358 million as of October 1, 2016 related to these plans. On June 30, 2017, the Company recorded a $6 million increase to this net obligation as a result of the final actuarial valuation of the Company’s qualified plan assets that was completed in June 2017. 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 assets of $7 million as of October 1, 2016. The components of the estimated net pension benefits plan income for the three and six months ended June 30, 2017 and 2016 are disclosed in the table below. Amounts shown for the three and six months ended June 30, 2017 include pension income for the Company’s qualified and non-qualified plans, certain plans in Mexico and from the acquisitions of Esselte Corporation (“Esselte”) and Courier Corporation (“Courier”). Amounts shown for the three and six months ended June 30, 2016 include pension income for certain plans in the United Kingdom and Mexico and from the acquisitions of Esselte and Courier. Prior to the separation, certain employees of the Company participated in certain pension and postretirement healthcare plans sponsored by RRD. For RRD-sponsored defined benefit and postemployment plans, the Company recorded net pension and postretirement income of $10 million and $20 million for the three and six months ended June 30, 2016 in addition to the amounts disclosed below. Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Qualified Non-Qualified & International Qualified Non-Qualified & International Interest cost $ 21 $ 1 $ 43 $ 2 Expected return on plan assets (38 ) — (76 ) — Amortization, net 4 — 8 — Net periodic benefit (income) loss $ (13 ) $ 1 $ (25 ) $ 2 Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Qualified Non-Qualified & International Qualified Non-Qualified & International Interest cost $ 1 $ 1 $ 3 $ 3 Expected return on plan assets (2 ) (2 ) (5 ) (5 ) Amortization, net — 1 — 1 Settlement 1 — 1 — Net periodic benefit income $ — $ — $ (1 ) $ (1 ) The Company recorded non-cash settlement charges of $1 million in selling, general and administrative expenses in the three months ended June 30, 2016 in connection with settlement payments from an early buyout of certain former Esselte employees. 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.

Equity

Equity	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Equity	Note 8. Equity The Company’s equity as of December 31, 2016 and June 30, 2017 and changes during the six months ended June 30, 2017 were as follows: Total Equity Balance at December 31, 2016 $ 240 Net income 4 Other comprehensive income 23 Share-based compensation 7 Issuance of share-based awards, net of withholdings and other (1 ) Cash dividends paid (16 ) Issuance of common stock 18 Separation-related adjustments (12 ) Balance at June 30, 2017 $ 263 On March 28, 2017, in connection with the over-allotment option granted to the underwriters as part of the secondary sale by RRD, LSC Communications also completed the sale of 0.9 million shares of common stock. During the six months ended June 30, 2017, the Company recorded certain separation-related adjustments related to the adjustment of assets and liabilities resulting from transactions with RRD. The Company’s equity as of December 31, 2015 and June 30, 2016 and changes during the six months ended June 30, 2016 were as follows: Total Equity Balance at December 31, 2015 $ 1,277 Net income 59 Net transfers to parent company (72 ) Other comprehensive loss (3 ) Balance at June 30, 2016 $ 1,261

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Note 9. Earnings Per Share On October 1, 2016 in connection with the separation, RRD distributed approximately 26.2 million shares of LSC Communications common stock to RRD stockholders and retained 6.2 million shares. On March 28, 2017, RRD completed the sale of its 6.2 million shares of LSC Communications common stock. Additionally, on March 28, 2017, in connection with the over-allotment option granted to the underwriters as part of the secondary sale by RRD, LSC Communications completed the sale of 0.9 million shares of common stock. Basic earnings per share (“EPS”) is calculated by dividing net earnings attributable to the Company’s stockholders 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, RSUs, and PSUs. 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 separation. During the six months ended June 30, 2017, no shares of common stock were purchased by the Company, however, shares were withheld for tax liabilities upon vesting of equity awards. The following table shows the calculation of basic and diluted EPS, as well as a reconciliation of basic shares to diluted shares: Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Net earnings per common share: Basic $ 0.13 $ 0.87 $ 0.11 $ 1.82 Diluted $ 0.12 $ 0.87 $ 0.11 $ 1.82 Dividends declared per common share $ 0.25 $ — $ 0.50 $ — Numerator: Net income $ 5 $ 28 $ 4 $ 59 Denominator: Weighted average number of common shares outstanding 33.5 32.4 33.1 32.4 Dilutive options and awards 0.3 — 0.3 — Diluted weighted average number of common shares outstanding 33.8 32.4 33.4 32.4 Weighted average number of anti-dilutive share-based awards: Restricted stock units 0.1 — — —

Comprehensive Income

Comprehensive Income	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Comprehensive Income	Note 10. Comprehensive Income The components of other comprehensive income (loss) and income tax expense allocated to each component for the three and six months ended June 30, 2017 and 2016 were as follows: Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Before Tax Amount Income Tax Expense Net of Tax Amount Before Tax Amount Income Tax Expense Net of Tax Amount Translation adjustments $ 9 $ — $ 9 $ 18 $ — $ 18 Adjustment for net periodic pension plan cost 4 2 2 8 3 5 Other comprehensive income $ 13 $ 2 $ 11 $ 26 $ 3 $ 23 Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Before Tax Amount Income Tax Expense Net of Tax Amount Before Tax Amount Income Tax Expense Net of Tax Amount Translation adjustments $ (11 ) $ — $ (11 ) $ (1 ) $ — $ (1 ) Adjustment for net periodic pension plan cost 3 1 2 3 5 (2 ) Other comprehensive (loss) income $ (8 ) $ 1 $ (9 ) $ 2 $ 5 $ (3 ) During the six months ended June 30, 2016, translation adjustments and income tax expense on pension plan cost were adjusted to reflect previously recorded deferred taxes at their historical exchange rates. Accumulated other comprehensive loss by component as of December 31, 2016 and June 30, 2017 and changes during the six months ended June 30, 2017 were as follows: Pension Plan Cost Translation Adjustments Total Balance at December 31, 2016 $ (462 ) $ (69 ) $ (531 ) Other comprehensive income before reclassifications — 18 18 Amounts reclassified from accumulated other comprehensive loss 5 — 5 Net change in accumulated other comprehensive loss 5 18 23 Balance at June 30, 2017 $ (457 ) $ (51 ) $ (508 ) Accumulated other comprehensive loss by component as of December 31, 2015 and June 30, 2016 and changes during the six months ended June 30, 2016, were as follows: Pension Plan Cost Translation Adjustments Total Balance at December 31, 2015 $ (46 ) $ (159 ) $ (205 ) Other comprehensive loss before reclassifications — (1 ) (1 ) Amounts reclassified from accumulated other comprehensive loss (2 ) — (2 ) Net change in accumulated other comprehensive loss (2 ) (1 ) (3 ) Balance at June 30, 2016 $ (48 ) $ (160 ) $ (208 ) Reclassification from accumulated other comprehensive loss for the three and six months ended June 30, 2017 and 2016 were as follows: Three Months Ended June 30, Six Months Ended June 30, Classification in the Condensed Consolidated & Combined 2017 2016 2017 2016 Statements of Income Amortization of pension plan cost: Net actuarial loss $ 4 $ 1 $ 8 $ 1 (a) Settlement — 1 — 1 Reclassifications before tax 4 2 8 2 Income tax expense 2 — 3 4 Reclassifications, net of tax $ 2 $ 2 $ 5 $ (2 ) (a) These accumulated other comprehensive income components are included in the calculation of net periodic pension plan (income) expense recognized substantially all in selling, general and administrative expenses in the condensed consolidated and combined statements of income (see Note 7, Retirement Plans

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Segment Information	Note 11. 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. Office Products The Office Products segment manufactures and sells branded and private label products in five core categories: filing products, note-taking products, binder products, forms and envelopes. 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 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 condensed consolidated and combined financial statements. Net Sales Income (loss) from Operations Depreciation and Amortization Capital Expenditures Three months ended June 30, 2017 Print $ 723 $ 22 $ 36 $ 12 Office Products 125 12 3 2 Total operating segments 848 34 39 14 Corporate — (15 ) — 1 Total operations $ 848 $ 19 $ 39 $ 15 Net Sales Income (loss) from Operations Depreciation and Amortization Capital Expenditures Three months ended June 30, 2016 Print $ 764 $ 34 $ 39 $ 6 Office Products 142 13 4 1 Total operating segments 906 47 43 7 Corporate — (3 ) 1 — Total operations $ 906 $ 44 $ 44 $ 7 Net Sales Income (loss) from Operations Assets of Operations Depreciation and Amortization Capital Expenditures Six months ended June 30, 2017 Print $ 1,433 $ 34 $ 1,440 $ 71 $ 32 Office Products 236 21 297 7 2 Total operating segments 1,669 55 1,737 78 34 Corporate — (18 ) 114 1 2 Total operations $ 1,669 $ 37 $ 1,851 $ 79 $ 36 Net Sales Income (loss) from Operations Assets of Operations Depreciation and Amortization Capital Expenditures Six months ended June 30, 2016 Print $ 1,516 $ 66 $ 1,515 $ 80 $ 14 Office Products 270 27 353 8 2 Total operating segments 1,786 93 1,868 88 16 Corporate — (2 ) 36 2 3 Total operations $ 1,786 $ 91 $ 1,904 $ 90 $ 19 Restructuring, impairment and other charges by segment for the three and six months ended June 30, 2017 and 2016 are disclosed in Note 6, Restructuring, Impairment and Other Charges.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 12. Commitments and Contingencies 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 five 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 condensed consolidated and combined balance sheets, statements of income and 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 condensed consolidated and combined balance sheets, statements of income and cash flows.

Debt

Debt	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Debt	Note 13. Debt The Company’s debt at June 30, 2017 and December 31, 2016 consisted of the following: June 30, 2017 December 31, 2016 Term Loan Facility due September 30, 2022 (a) $ 304 $ 353 8.75% Senior Secured Notes due October 15, 2023 450 450 Capital lease obligations 4 6 Unamortized debt issuance costs (14 ) (15 ) Total debt 744 794 Less: current portion (26 ) (52 ) Long-term debt $ 718 $ 742 (a) The borrowings under the Term Loan Facility are subject to a variable interest rate. As of June 30, 2017 and December 31, 2016, the interest rate was 7.23% and 7.00%, respectively. __________________________________ 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 the collateral, 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 and commenced 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 a 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 used the net proceeds from the Term Loan Facility to fund a cash dividend to RRD and to pay fees and expenses both related to the separation from RRD in October 2016. The Company intends to use any additional borrowings under the Credit Facilities for general corporate purposes, including the financing of permitted investments. On February 2, 2017, the Company paid in advance the full amount of required amortization payments, $50 million, for the year ended December 31, 2017 for the Term Loan Facility. 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 $31 million and $22 million at June 30, 2017 and December 31, 2016, respectively. There were de minimis amounts of interest income during the three and six months ended June 30, 2017. Interest income was $1 million during both the three and six months ended June 30, 2016. There were no borrowings under the Revolving Credit Facility as of June 30, 2017 and December 31, 2016.

Related Parties

Related Parties	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Related Parties	Note 14. Related Parties On March 28, 2017, RRD completed the sale of 6.2 million shares of LSC Communications common stock, representing its entire 19.25% retained ownership. Prior to the separation, the Company had not historically operated as a stand-alone business. In connection with the separation, the Company entered into commercial arrangements with RRD. 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. 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 condensed combined financial statements for the three and six months ended June 30, 2016: Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Costs of goods sold $ 20 $ 42 Selling, general and administrative 40 72 Depreciation and amortization 2 4 Total allocations from RRD $ 62 $ 118 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 receives or records allocations from RRD. The Company records transactions with RRD as external arms-length transactions in the Company’s condensed consolidated financial statements. Transactions with RR Donnelley Revenues and Purchases Given that RRD sold its remaining stake in LSC Communications on March 28, 2017, the following information is presented through March 31, 2017 only. LSC Communications generates net revenue from sales to RRD’s subsidiaries. Net revenues from related party sales were $32 million for the three months ended March 31, 2017. Net revenues from related party sales were $11 million and $21 million for the three and six months ended June 30, 2016, respectively. These amounts are included in the condensed consolidated and combined statements of income. LSC Communications utilizes RRD for freight, logistics and premedia services. Included in the condensed consolidated and combined financial statements were costs of sales related to freight, logistics and premedia services purchased from RRD of $51 million for the three months ended March 31, 2017. $45 million and $92 million for the three and six months ended June 30, 2016, respectively.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2017
Accounting Changes And Error Corrections [Abstract]
New Accounting Pronouncements	Note 15. New Accounting Pronouncements In March 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2017-07 “Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost” (“ASU 2017-07”). This ASU requires entities to disaggregate the service cost component from other components of net benefit cost and present it with other employee compensation costs. All other components of net benefit cost will need to be presented elsewhere on the income statement outside of income from operations. Only the service cost component would be eligible for capitalization into inventory. The standard is effective in the first quarter 2018. As a result of the adoption of ASU 2017-07, the Company expects to reclassify approximately $46 million and $45 million related to the years ended December 31, 2017 and 2016, respectively, of net pension income out of income from operations to a line item outside of income from operations, resulting in no net impact to net income. In January 2017, the FASB issued Accounting Standards Update No. 2017-04 “Intangibles – Goodwill and Other (Topic 350) Simplifying the Test for Goodwill Impairment” (“ASU 2017-04”). The standard eliminates Step 2 of the goodwill impairment test, and instead, recognizes an impairment charge for the amount by which the carrying value exceeds the reporting unit’s fair value not to exceed the total amount of goodwill allocated. The standard is effective in the first quarter 2020, with early adoption permitted on testing dates after January 1, 2017. The Company is evaluating the impact of ASU 2017-04. In January 2017, the FASB issued Accounting Standards Update No. 2017-01 "Business Combinations (Topic 805): Clarifying the Definition of a Business" (“ASU 2017-01”) in order to clarify the definition of a business as it relates to whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The standard becomes effective in the first quarter of 2018. The Company plans to adopt the standard in the first quarter of 2018. The impact is not expected to be material. In August 2016, the 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 condensed consolidated and 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 became 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 did not have a material 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 approach, meaning the standard is applied only to the most current period. The Company currently anticipates adopting the standard using the modified retrospective adoption approach. During the second quarter of 2017, the Company completed the evaluation of whether the accounting for revenue of customized products should be over time or at a point in time under the new standard. Based on analysis of specific terms associated with current customer contracts, the Company has concluded that revenue should be recognized at a point in time for customized products. This treatment is consistent with revenue recognition under the current guidance, where revenue is recognized when the products are completed and shipped to the customer (dependent upon specific shipping terms). The Company will continue its evaluation of any new or amended contracts entered into through the date of adoption, including contracts that the Company might assume as a result of acquisition activity. The Company is continuing to assess all other potential impacts of the standard, including disclosure requirements and the accounting for inventory billed but not yet shipped. Under the 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. The Company anticipates it will be able to complete its analysis of all potential impacts of the standard, 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.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	Note 16. Subsequent Events On July 28, 2017, the Company acquired Fairrington Transportation Corp., F.T.C. Transport, Inc. and F.T.C. Services, Inc. (“Fairrington”), a full-service, printer-independent mailing logistics provider in the United States. The purchase price was $20 million in cash and approximately 1.0 million shares of LSC Communications common stock, or a total transaction value of $40 million. The Company is still in process of completing the purchase price allocation. On July 17, 2017, the Company announced that it has entered into a definitive agreement to acquire CREEL Printing (“CREEL”), a leading privately-owned offset and digital printing company based in Las Vegas, Nevada. CREEL’s capabilities include full-color web and sheetfed printing, regionally distributed variable digital production, large-format printing, and integrated digital solutions. The acquisition had not been completed as of August 3, 2017, the date of the filing of the Form 10-Q for the quarter ended June 30, 2017.

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Pro Forma Financial Information	The unaudited pro forma financial information is not intended to represent or be indicative of the Company’s condensed consolidated and combined statements of income 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 future condensed consolidated statements of income. Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Net sales $ 848 $ 920 $ 1,670 $ 1,815 Net income 5 28 3 59

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2017
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 June 30, 2017 and December 31, 2016 were as follows: June 30, December 31, 2017 2016 Raw materials and manufacturing supplies $ 105 $ 100 Work in process 59 58 Finished goods 93 93 Last in, First out reserve (“LIFO”) (57 ) (58 ) Total $ 200 $ 193

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2017
Property Plant And Equipment [Abstract]
Components of the Company's Property, Plant and Equipment	The components of the Company’s property, plant and equipment at June 30, 2017 and December 31, 2016 were as follows: June 30, December 31, 2017 2016 Land $ 42 $ 42 Buildings 767 762 Machinery and equipment 4,127 4,173 4,936 4,977 Accumulated depreciation (4,361 ) (4,369 ) Total $ 575 $ 608

Goodwill and Other Intangible26

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2017
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 six months ended June 30, 2017 were as follows: Print Office Products Total Net book value as of December 31, 2016 Goodwill $ 852 $ 109 $ 961 Accumulated impairment losses (798 ) (79 ) (877 ) Total 54 30 84 Acquisitions 4 — 4 Net book value as of June 30, 2017 Goodwill 864 109 973 Accumulated impairment losses (806 ) (79 ) (885 ) Total $ 58 $ 30 $ 88
Components of Other Intangible Assets	The components of other intangible assets at June 30, 2017 and December 31, 2016 were as follows: June 30, 2017 December 31, 2016 Gross Carrying Accumulated Net Book Gross Carrying Accumulated Net Book Amount Amortization Value Amount Amortization Value Customer relationships $ 206 $ (117 ) $ 89 $ 205 $ (109 ) $ 96 Trade names 5 (3 ) 2 5 (2 ) 3 Total amortizable other intangible assets 211 (120 ) 91 210 (111 ) 99 Indefinite-lived trade names 32 — 32 32 — 32 Total other intangible assets $ 243 $ (120 ) $ 123 $ 242 $ (111 ) $ 131
Schedule of Estimated Annual Amortization Expense Related to Other Intangible Assets	The following table outlines the estimated annual amortization expense related to other intangible assets as of June 30, 2017: For the twelve months ending December 31, Amount 2017 $ 16 2018 11 2019 10 2020 10 2021 9 2022 and thereafter 43 Total $ 99

Restructuring, Impairment and27

Restructuring, Impairment and Other Charges (Tables)	6 Months Ended
	Jun. 30, 2017
Restructuring And Related Activities [Abstract]
Schedule of Net Restructuring, Impairment and Other Charges	For the three months ended June 30, 2017 and 2016, the Company recorded the following net restructuring, impairment and other charges: Three Months Ended June 30, 2017 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 3 $ 2 $ 5 $ — $ 1 $ 6 Corporate — 15 15 — — 15 Total $ 3 $ 17 $ 20 $ — $ 1 $ 21 Three Months Ended June 30, 2016 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 2 $ 1 $ 3 $ 1 $ 1 $ 5 Total $ 2 $ 1 $ 3 $ 1 $ 1 $ 5 For the six months ended June 30, 2017 and 2016, the Company recorded the following net restructuring, impairment and other charges: Six Months Ended June 30, 2017 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 6 $ 3 $ 9 $ — $ 2 $ 11 Office Products 1 — 1 — — 1 Corporate — 15 15 — — 15 Total $ 7 $ 18 $ 25 $ — $ 2 $ 27 Six Months Ended June 30, 2016 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 2 $ 3 $ 5 $ 1 $ 2 $ 8 Total $ 2 $ 3 $ 5 $ 1 $ 2 $ 8
Schedule of Changes in the Restructuring Reserve	December 31, 2016 Restructuring Charges Foreign Exchange and Other Cash Paid June 30, 2017 Employee terminations $ 8 $ 7 $ — $ (7 ) $ 8 Multiemployer pension plan withdrawal obligations 18 1 — (2 ) 17 Lease terminations and other 2 11 — (11 ) 2 Total $ 28 $ 19 $ — $ (20 ) $ 27

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Jun. 30, 2017
Compensation And Retirement Disclosure [Abstract]
Components of Estimated Net Pension Benefits Plan Income	The components of the estimated net pension benefits plan income for the three and six months ended June 30, 2017 and 2016 are disclosed in the table below. Amounts shown for the three and six months ended June 30, 2017 include pension income for the Company’s qualified and non-qualified plans, certain plans in Mexico and from the acquisitions of Esselte Corporation (“Esselte”) and Courier Corporation (“Courier”). Amounts shown for the three and six months ended June 30, 2016 include pension income for certain plans in the United Kingdom and Mexico and from the acquisitions of Esselte and Courier. Prior to the separation, certain employees of the Company participated in certain pension and postretirement healthcare plans sponsored by RRD. For RRD-sponsored defined benefit and postemployment plans, the Company recorded net pension and postretirement income of $10 million and $20 million for the three and six months ended June 30, 2016 in addition to the amounts disclosed below. Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Qualified Non-Qualified & International Qualified Non-Qualified & International Interest cost $ 21 $ 1 $ 43 $ 2 Expected return on plan assets (38 ) — (76 ) — Amortization, net 4 — 8 — Net periodic benefit (income) loss $ (13 ) $ 1 $ (25 ) $ 2 Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Qualified Non-Qualified & International Qualified Non-Qualified & International Interest cost $ 1 $ 1 $ 3 $ 3 Expected return on plan assets (2 ) (2 ) (5 ) (5 ) Amortization, net — 1 — 1 Settlement 1 — 1 — Net periodic benefit income $ — $ — $ (1 ) $ (1 )

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Schedule of the Company's Equity Activity	The Company’s equity as of December 31, 2016 and June 30, 2017 and changes during the six months ended June 30, 2017 were as follows: Total Equity Balance at December 31, 2016 $ 240 Net income 4 Other comprehensive income 23 Share-based compensation 7 Issuance of share-based awards, net of withholdings and other (1 ) Cash dividends paid (16 ) Issuance of common stock 18 Separation-related adjustments (12 ) Balance at June 30, 2017 $ 263 The Company’s equity as of December 31, 2015 and June 30, 2016 and changes during the six months ended June 30, 2016 were as follows: Total Equity Balance at December 31, 2015 $ 1,277 Net income 59 Net transfers to parent company (72 ) Other comprehensive loss (3 ) Balance at June 30, 2016 $ 1,261

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2017
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: Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Net earnings per common share: Basic $ 0.13 $ 0.87 $ 0.11 $ 1.82 Diluted $ 0.12 $ 0.87 $ 0.11 $ 1.82 Dividends declared per common share $ 0.25 $ — $ 0.50 $ — Numerator: Net income $ 5 $ 28 $ 4 $ 59 Denominator: Weighted average number of common shares outstanding 33.5 32.4 33.1 32.4 Dilutive options and awards 0.3 — 0.3 — Diluted weighted average number of common shares outstanding 33.8 32.4 33.4 32.4 Weighted average number of anti-dilutive share-based awards: Restricted stock units 0.1 — — —

Comprehensive Income (Tables)

Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2017
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 three and six months ended June 30, 2017 and 2016 were as follows: Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Before Tax Amount Income Tax Expense Net of Tax Amount Before Tax Amount Income Tax Expense Net of Tax Amount Translation adjustments $ 9 $ — $ 9 $ 18 $ — $ 18 Adjustment for net periodic pension plan cost 4 2 2 8 3 5 Other comprehensive income $ 13 $ 2 $ 11 $ 26 $ 3 $ 23 Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Before Tax Amount Income Tax Expense Net of Tax Amount Before Tax Amount Income Tax Expense Net of Tax Amount Translation adjustments $ (11 ) $ — $ (11 ) $ (1 ) $ — $ (1 ) Adjustment for net periodic pension plan cost 3 1 2 3 5 (2 ) Other comprehensive (loss) income $ (8 ) $ 1 $ (9 ) $ 2 $ 5 $ (3 )
Schedule of Changes in Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss by component as of December 31, 2016 and June 30, 2017 and changes during the six months ended June 30, 2017 were as follows: Pension Plan Cost Translation Adjustments Total Balance at December 31, 2016 $ (462 ) $ (69 ) $ (531 ) Other comprehensive income before reclassifications — 18 18 Amounts reclassified from accumulated other comprehensive loss 5 — 5 Net change in accumulated other comprehensive loss 5 18 23 Balance at June 30, 2017 $ (457 ) $ (51 ) $ (508 ) Accumulated other comprehensive loss by component as of December 31, 2015 and June 30, 2016 and changes during the six months ended June 30, 2016, were as follows: Pension Plan Cost Translation Adjustments Total Balance at December 31, 2015 $ (46 ) $ (159 ) $ (205 ) Other comprehensive loss before reclassifications — (1 ) (1 ) Amounts reclassified from accumulated other comprehensive loss (2 ) — (2 ) Net change in accumulated other comprehensive loss (2 ) (1 ) (3 ) Balance at June 30, 2016 $ (48 ) $ (160 ) $ (208 )
Schedule of Reclassification From Accumulated Other Comprehensive Loss	Reclassification from accumulated other comprehensive loss for the three and six months ended June 30, 2017 and 2016 were as follows: Three Months Ended June 30, Six Months Ended June 30, Classification in the Condensed Consolidated & Combined 2017 2016 2017 2016 Statements of Income Amortization of pension plan cost: Net actuarial loss $ 4 $ 1 $ 8 $ 1 (a) Settlement — 1 — 1 Reclassifications before tax 4 2 8 2 Income tax expense 2 — 3 4 Reclassifications, net of tax $ 2 $ 2 $ 5 $ (2 ) (a) These accumulated other comprehensive income components are included in the calculation of net periodic pension plan (income) expense recognized substantially all in selling, general and administrative expenses in the condensed consolidated and combined statements of income (see Note 7, Retirement Plans

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2017
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 condensed consolidated and combined financial statements. Net Sales Income (loss) from Operations Depreciation and Amortization Capital Expenditures Three months ended June 30, 2017 Print $ 723 $ 22 $ 36 $ 12 Office Products 125 12 3 2 Total operating segments 848 34 39 14 Corporate — (15 ) — 1 Total operations $ 848 $ 19 $ 39 $ 15 Net Sales Income (loss) from Operations Depreciation and Amortization Capital Expenditures Three months ended June 30, 2016 Print $ 764 $ 34 $ 39 $ 6 Office Products 142 13 4 1 Total operating segments 906 47 43 7 Corporate — (3 ) 1 — Total operations $ 906 $ 44 $ 44 $ 7 Net Sales Income (loss) from Operations Assets of Operations Depreciation and Amortization Capital Expenditures Six months ended June 30, 2017 Print $ 1,433 $ 34 $ 1,440 $ 71 $ 32 Office Products 236 21 297 7 2 Total operating segments 1,669 55 1,737 78 34 Corporate — (18 ) 114 1 2 Total operations $ 1,669 $ 37 $ 1,851 $ 79 $ 36 Net Sales Income (loss) from Operations Assets of Operations Depreciation and Amortization Capital Expenditures Six months ended June 30, 2016 Print $ 1,516 $ 66 $ 1,515 $ 80 $ 14 Office Products 270 27 353 8 2 Total operating segments 1,786 93 1,868 88 16 Corporate — (2 ) 36 2 3 Total operations $ 1,786 $ 91 $ 1,904 $ 90 $ 19

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of the Company's Debt	The Company’s debt at June 30, 2017 and December 31, 2016 consisted of the following: June 30, 2017 December 31, 2016 Term Loan Facility due September 30, 2022 (a) $ 304 $ 353 8.75% Senior Secured Notes due October 15, 2023 450 450 Capital lease obligations 4 6 Unamortized debt issuance costs (14 ) (15 ) Total debt 744 794 Less: current portion (26 ) (52 ) Long-term debt $ 718 $ 742 (a) The borrowings under the Term Loan Facility are subject to a variable interest rate. As of June 30, 2017 and December 31, 2016, the interest rate was 7.23% and 7.00%, respectively.

Related Parties (Tables)

Related Parties (Tables)	6 Months Ended
	Jun. 30, 2017
Related Party Transactions [Abstract]
Allocation of Expense Reflected in the Condensed Combined Financial Statements	These allocations were reflected as follows in the condensed combined financial statements for the three and six months ended June 30, 2016: Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Costs of goods sold $ 20 $ 42 Selling, general and administrative 40 72 Depreciation and amortization 2 4 Total allocations from RRD $ 62 $ 118

Overview and Basis of Present35

Overview and Basis of Presentation - Narrative (Detail) $ in Millions	Mar. 28, 2017USD ($)shares	Oct. 01, 2016Entityshares	Jun. 30, 2017USD ($)
Overview And Basis Of Presentation [Line Items]
Percentage of distribution of common shares during spinoff		80.75%
Number of subsidiary shares sold by parent company	6,200,000
Issuance of common stock, value | $			$ 18
Over-allotment Option
Overview And Basis Of Presentation [Line Items]
Issuance of common stock, shares	900,000
Issuance of common stock, value | $	$ 18
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]
Ownership percentage	19.25%	19.25%
Ownership percentage in Donnelley Financial solutions by related party		19.25%
Number of subsidiary shares sold by parent company	6,200,000
RR Donnelley
Overview And Basis Of Presentation [Line Items]
Number of entities resulted from spinoff of an entity | Entity		3
Number of share distributed to each stockholder in spinoff transaction in Donnelley Financial solutions by related party		0.125
Number of share distributed to each stockholder in spinoff transaction		0.125

Business Combinations - Narrati

Business Combinations - Narrative (Detail) - USD ($)	Mar. 01, 2017	Jun. 30, 2017	Mar. 31, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Business Acquisition [Line Items]
Goodwill		$ 88,000,000			$ 88,000,000		$ 84,000,000
Acquisition-related expenses		$ 1,000,000		$ 0	$ 1,000,000	$ 0
HudsonYards
Business Acquisition [Line Items]
Purchase price of acquisition, cash	$ 3,000,000
Goodwill	$ 2,000,000
Continuum
Business Acquisition [Line Items]
Purchase price of acquisition, cash			$ 2,000,000				$ 7,000,000
Goodwill			5,000,000
Aggregate purchase price of acquisition			$ 9,000,000

Business Combinations - Pro For

Business Combinations - Pro Forma Financial Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Business Combinations [Abstract]
Net sales	$ 848	$ 920	$ 1,670	$ 1,815
Net income	$ 5	$ 28	$ 3	$ 59

Inventories - Components of the

Inventories - Components of the Company's Inventories (Detail) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Inventory Net [Abstract]
Raw materials and manufacturing supplies	$ 105	$ 100
Work in process	59	58
Finished goods	93	93
Last in, First out reserve (“LIFO”)	(57)	(58)
Total	$ 200	$ 193

Property, Plant and Equipment -

Property, Plant and Equipment - Components of the Company's Property, Plant and Equipment (Detail) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Property Plant And Equipment [Abstract]
Land	$ 42	$ 42
Buildings	767	762
Machinery and equipment	4,127	4,173
Property, plant and equipment, gross	4,936	4,977
Accumulated depreciation	(4,361)	(4,369)
Total	$ 575	$ 608

Property, Plant and Equipment40

Property, Plant and Equipment - Narrative (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Property Plant And Equipment [Abstract]
Depreciation expense	$ 33	$ 38	$ 68	$ 77

Goodwill and Other Intangible41

Goodwill and Other Intangible Assets - Schedule of Changes in the Carrying Amount of Goodwill (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Jun. 30, 2017
Goodwill [Line Items]
Goodwill gross	$ 961	$ 973
Accumulated impairment losses	(877)	(885)
Goodwill	84	88
Acquisitions	4
Print
Goodwill [Line Items]
Goodwill gross	852	864
Accumulated impairment losses	(798)	(806)
Goodwill	54	58
Acquisitions	4
Office Products
Goodwill [Line Items]
Goodwill gross	109	109
Accumulated impairment losses	(79)	(79)
Goodwill	30	$ 30
Acquisitions	$ 0

Goodwill and Other Intangible42

Goodwill and Other Intangible Assets - Components of Other Intangible Assets (Detail) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Schedule Of Other Intangible Assets [Line Items]
Gross Carrying Amount, amortizable intangible assets	$ 211	$ 210
Accumulated Amortization, amortizable intangible assets	(120)	(111)
Net Book Value, amortizable intangible assets	91	99
Gross Carrying Amount, total other intangible assets	243	242
Net Book Value, total other intangible assets	123	131
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	206	205
Accumulated Amortization, amortizable intangible assets	(117)	(109)
Net Book Value, amortizable intangible assets	89	96
Trade Names
Schedule Of Other Intangible Assets [Line Items]
Gross Carrying Amount, amortizable intangible assets	5	5
Accumulated Amortization, amortizable intangible assets	(3)	(2)
Net Book Value, amortizable intangible assets	$ 2	$ 3

Goodwill and Other Intangible43

Goodwill and Other Intangible Assets - Narrative (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization expense for other intangible assets	$ 4	$ 4	$ 8	$ 9

Goodwill and Other Intangible44

Goodwill and Other Intangible Assets - Schedule of Estimated Annual Amortization Expense Related to Other Intangible Assets (Detail) $ in Millions	Jun. 30, 2017USD ($)
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

Restructuring, Impairment and45

Restructuring, Impairment and Other Charges - Schedule of Net Restructuring, Impairment and Other Charges (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Restructuring Cost And Reserve [Line Items]
Employee Terminations	$ 3	$ 2	$ 7	$ 2
Other Restructuring Charges	17	1	18	3
Total Restructuring Charges	20	3	25	5
Impairment	0	1	0	1
Other Charges	1	1	2	2
Total	21	5	27	8
Total Operating Segments | Print
Restructuring Cost And Reserve [Line Items]
Employee Terminations	3	2	6	2
Other Restructuring Charges	2	1	3	3
Total Restructuring Charges	5	3	9	5
Impairment	0	1	0	1
Other Charges	1	1	2	2
Total	6	$ 5	11	$ 8
Total Operating Segments | Office Products
Restructuring Cost And Reserve [Line Items]
Employee Terminations			1
Other Restructuring Charges			0
Total Restructuring Charges			1
Impairment			0
Other Charges			0
Total			1
Corporate
Restructuring Cost And Reserve [Line Items]
Employee Terminations	0		0
Other Restructuring Charges	15		15
Total Restructuring Charges	15		15
Impairment	0		0
Other Charges	0		0
Total	$ 15		$ 15

Restructuring, Impairment and46

Restructuring, Impairment and Other Charges - Narrative (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)Employee	Jun. 30, 2016USD ($)Employee	Jun. 30, 2017USD ($)Employee	Jun. 30, 2016USD ($)Employee
Restructuring Cost And Reserve [Line Items]
Other Restructuring Charges | $	$ 17	$ 1	$ 18	$ 3
Employee-related termination costs | $	$ 3	2	$ 7	2
Number of employees used to determine employee termination costs | Employee			504
Impairment charges, net | $		$ 1		$ 1
Termination One
Restructuring Cost And Reserve [Line Items]
Number of employees who were terminated as of date | Employee	266		266
Termination Two
Restructuring Cost And Reserve [Line Items]
Number of employees who were terminated as of date | Employee		37		37

Restructuring, Impairment and47

Restructuring, Impairment and Other Charges - Other Charges - Narrative (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Restructuring Cost And Reserve [Line Items]
Other Charges	$ 1	$ 1	$ 2	$ 2
Accrued liabilities	211		211		$ 237
Other noncurrent liabilities	102		102		$ 106
Multiemployer pension plan withdrawal obligations
Restructuring Cost And Reserve [Line Items]
Other Charges	1	$ 1	2	$ 2
Accrued liabilities	6		6
Other noncurrent liabilities	$ 38		$ 38

Restructuring, Impairment and48

Restructuring, Impairment and Other Charges - Schedule of Changes in the Restructuring Reserve (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2017USD ($)
Restructuring Cost And Reserve [Line Items]
Balance at the beginning	$ 28
Restructuring Charges	19
Foreign Exchange and Other	0
Cash Paid	(20)
Balance at the end	27
Employee terminations
Restructuring Cost And Reserve [Line Items]
Balance at the beginning	8
Restructuring Charges	7
Foreign Exchange and Other	0
Cash Paid	(7)
Balance at the end	8
Lease terminations and other
Restructuring Cost And Reserve [Line Items]
Balance at the beginning	2
Restructuring Charges	11
Foreign Exchange and Other	0
Cash Paid	(11)
Balance at the end	2
Multiemployer pension plan withdrawal obligations
Restructuring Cost And Reserve [Line Items]
Balance at the beginning	18
Restructuring Charges	1
Foreign Exchange and Other	0
Cash Paid	(2)
Balance at the end	$ 17

Restructuring, Impairment and49

Restructuring, Impairment and Other Charges - Restructuring Reserve - Narrative (Detail) $ in Millions	Jun. 30, 2017USD ($)
Restructuring And Related Activities [Abstract]
Current restructuring reserve (included in accrued liabilities)	$ 13
Noncurrent restructuring reserve (included in noncurrent liabilities)	$ 14

Retirement Plans - Narrative (D

Retirement Plans - Narrative (Detail) - USD ($) $ in Millions	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Oct. 01, 2016
Defined Benefit Plan Disclosure [Line Items]
Net benefit plan obligation assumed					$ 358
Increase in net obligation	$ 6
Reduction in net benefit plan assets			$ 7
Net pension and postretirement income		$ 10		$ 20
Selling, General and Administrative Expenses
Defined Benefit Plan Disclosure [Line Items]
Pension non-cash settlement expense		$ 1

Retirement Plans - Components o

Retirement Plans - Components of Estimated Net Pension Benefits Plan Income (Detail) - Pension Benefits - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Qualified
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 21	$ 1	$ 43	$ 3
Expected return on plan assets	(38)	(2)	(76)	(5)
Amortization, net	4	0	8	0
Settlement		1		1
Net periodic benefit (income) loss	(13)	0	(25)	(1)
Non-Qualified
Defined Benefit Plan Disclosure [Line Items]
Interest cost	1	1	2	3
Expected return on plan assets	0	(2)	0	(5)
Amortization, net	0	1	0	1
Settlement		0		0
Net periodic benefit (income) loss	$ 1	$ 0	$ 2	$ (1)
Defined Contribution Plan, Sponsor Location [Extensible List]	us-gaap:ForeignPlanMember	us-gaap:ForeignPlanMember	us-gaap:ForeignPlanMember	us-gaap:ForeignPlanMember

Equity - Schedule of the Compan

Equity - Schedule of the Company's Equity Activity (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Equity [Abstract]
Balance			$ 240	$ 1,277
Net income	$ 5	$ 28	4	59
Net transfers to parent company				(72)
Other comprehensive income (loss)	11	(9)	23	(3)
Share-based compensation			7
Issuance of share-based awards, net of withholdings and other			(1)
Cash dividends paid			(16)
Issuance of common stock			18
Separation-related adjustments			(12)
Balance	$ 263	$ 1,261	$ 263	$ 1,261

Equity - Narrative (Detail)

Equity - Narrative (Detail) shares in Millions	Mar. 28, 2017shares
Over-allotment Option
Equity [Line Items]
Issuance of common stock, shares	0.9

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Detail) - shares	Mar. 28, 2017	Jun. 30, 2017	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 subsidiary shares sold by parent company	6,200,000
Treasury stock, shares acquired		0
Over-allotment Option
Earnings Per Share [Line Items]
Issuance of common stock, shares	900,000

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	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net earnings per common share:
Basic	$ 0.13	$ 0.87	$ 0.11	$ 1.82
Diluted	0.12	0.87	0.11	1.82
Dividends declared per common share	$ 0.25	$ 0	$ 0.50	$ 0
Numerator:
Net income	$ 5	$ 28	$ 4	$ 59
Denominator:
Weighted average number of common shares outstanding	33.5	32.4	33.1	32.4
Dilutive options and awards	0.3	0	0.3	0
Diluted weighted average number of common shares outstanding	33.8	32.4	33.4	32.4
Restricted stock units
Weighted average number of anti-dilutive share-based awards:
Weighted average number of anti-dilutive share-based awards	0.1	0	0	0

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	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income, Before Tax Amount	$ 13	$ (8)	$ 26	$ 2
Other comprehensive income, Income Tax Expense	2	1	3	5
Other comprehensive income (loss)	11	(9)	23	(3)
Translation adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income, Before Tax Amount	9	(11)	18	(1)
Other comprehensive income, Income Tax Expense	0	0	0	0
Other comprehensive income (loss)	9	(11)	18	(1)
Pension Plan Cost
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income, Before Tax Amount	4	3	8	3
Other comprehensive income, Income Tax Expense	2	1	3	5
Other comprehensive income (loss)	$ 2	$ 2	$ 5	$ (2)

Comprehensive Income - Schedu57

Comprehensive Income - Schedule of Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	$ 240	$ 1,277
Balance	263	1,261
Pension Plan Cost
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(462)	(46)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive loss	5	(2)
Net change in accumulated other comprehensive loss	5	(2)
Balance	(457)	(48)
Translation adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(69)	(159)
Other comprehensive income (loss) before reclassifications	18	(1)
Amounts reclassified from accumulated other comprehensive loss	0	0
Net change in accumulated other comprehensive loss	18	(1)
Balance	(51)	(160)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(531)	(205)
Other comprehensive income (loss) before reclassifications	18	(1)
Amounts reclassified from accumulated other comprehensive loss	5	(2)
Net change in accumulated other comprehensive loss	23	(3)
Balance	$ (508)	$ (208)

Comprehensive Income - Schedu58

Comprehensive Income - Schedule of Reclassification From Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Amortization of Pension Plan Cost: Net Actuarial Loss
Reclassification from Accumulated Other Comprehensive Loss
Reclassifications before tax	[1]	$ 4	$ 1	$ 8	$ 1
Amortization of Pension Plan Cost: Settlement
Reclassification from Accumulated Other Comprehensive Loss
Reclassifications before tax		0	1	0	1
Accumulated Defined Benefit Plans Adjustment
Reclassification from Accumulated Other Comprehensive Loss
Reclassifications before tax		4	2	8	2
Income tax expense		2	0	3	4
Reclassifications, net of tax		$ 2	$ 2	$ 5	$ (2)
[1]	These accumulated other comprehensive income components are included in the calculation of net periodic pension plan (income) expense recognized substantially all in selling, general and administrative expenses in the condensed consolidated and combined statements of income (see Note 7, Retirement Plans).

Segment Information - Narrative

Segment Information - Narrative (Detail)	6 Months Ended
	Jun. 30, 2017Category
Office Products
Segment Reporting Information [Line Items]
Number of core product categories	5

Segment Information - Schedule

Segment Information - Schedule of Segment Reporting Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Segment Reporting Information [Line Items]
Net Sales	$ 848	$ 906	$ 1,669	$ 1,786
Income (loss) from Operations	19	44	37	91
Assets of Operations	1,851	1,904	1,851	1,904
Depreciation and Amortization	39	44	79	90
Capital Expenditures	15	7	36	19
Total Operating Segments
Segment Reporting Information [Line Items]
Net Sales	848	906	1,669	1,786
Income (loss) from Operations	34	47	55	93
Assets of Operations	1,737	1,868	1,737	1,868
Depreciation and Amortization	39	43	78	88
Capital Expenditures	14	7	34	16
Total Operating Segments | Print
Segment Reporting Information [Line Items]
Net Sales	723	764	1,433	1,516
Income (loss) from Operations	22	34	34	66
Assets of Operations	1,440	1,515	1,440	1,515
Depreciation and Amortization	36	39	71	80
Capital Expenditures	12	6	32	14
Total Operating Segments | Office Products
Segment Reporting Information [Line Items]
Net Sales	125	142	236	270
Income (loss) from Operations	12	13	21	27
Assets of Operations	297	353	297	353
Depreciation and Amortization	3	4	7	8
Capital Expenditures	2	1	2	2
Corporate
Segment Reporting Information [Line Items]
Net Sales	0	0	0	0
Income (loss) from Operations	(15)	(3)	(18)	(2)
Assets of Operations	114	36	114	36
Depreciation and Amortization	0	1	1	2
Capital Expenditures	$ 1	$ 0	$ 2	$ 3

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Detail)	Jun. 30, 2017Facility
Commitments And Contingencies Disclosure [Abstract]
Number of sites cited as potentially responsible party	9
Number of previously and currently owned sites with potential remediation obligations	5

Debt - Schedule of the Company'

Debt - Schedule of the Company's Debt Obligations (Detail) - USD ($) $ in Millions		Jun. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Debt Instrument [Line Items]
Capital lease obligations		$ 4	$ 6
Unamortized debt issuance costs		(14)	(15)
Total debt		744	794
Less: current portion		(26)	(52)
Long-term debt		718	742
Term Loan Facility due September 30, 2022
Debt Instrument [Line Items]
Term Loan Facility	[1]	304	353
8.75% Senior Secured Notes due October 15, 2023
Debt Instrument [Line Items]
Senior Secured Notes		$ 450	$ 450	$ 450
[1]	The borrowings under the Term Loan Facility are subject to a variable interest rate. As of June 30, 2017 and December 31, 2016, the interest rate was 7.23% and 7.00%, respectively.

Debt - Schedule of the Compan63

Debt - Schedule of the Company's Debt (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Term Loan Facility due September 30, 2022
Debt Instrument [Line Items]
Debt instrument, maturity date	Sep. 30, 2022
Debt instrument, variable interest rate	7.23%	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 ($)		Feb. 02, 2017	Sep. 30, 2016	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Debt Instrument [Line Items]
Amount of difference between fair value and book value					$ 31,000,000		$ 22,000,000
Interest income				$ 1,000,000		$ 1,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility borrowings					$ 0		0
Credit Agreements
Debt Instrument [Line Items]
Debt instrument, interest payment terms					Interest on the Credit Agreement is due at least quarterly and commenced 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
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%
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%
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
Amortization payments paid in advance		$ 50,000,000
Credit facility borrowings	[1]				$ 304,000,000		$ 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 June 30, 2017 and December 31, 2016, the interest rate was 7.23% and 7.00%, respectively.

Related Parties - Narrative (De

Related Parties - Narrative (Detail) - USD ($) shares in Millions, $ in Millions	Mar. 28, 2017	Oct. 01, 2016	Mar. 31, 2017	Jun. 30, 2016	Jun. 30, 2016
Related Party Transaction [Line Items]
Number of common stock shares sold	6.2
RRD
Related Party Transaction [Line Items]
Number of common stock shares sold	6.2
Ownership percentage	19.25%	19.25%
Freight, logistics and premedia services purchased			$ 51	$ 45	$ 92
RRD’s subsidiaries
Related Party Transaction [Line Items]
Net revenues from related party sales			$ 32	$ 11	$ 21

Related Parties - Allocation of

Related Parties - Allocation of Expense Reflected in the Condensed Combined Financial Statements (Detail) - RRD - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Related Party Transaction [Line Items]
Total allocations from RRD	$ 62	$ 118
Costs of Goods Sold
Related Party Transaction [Line Items]
Total allocations from RRD	20	42
Selling, General and Administrative Expenses
Related Party Transaction [Line Items]
Total allocations from RRD	40	72
Depreciation and Amortization
Related Party Transaction [Line Items]
Total allocations from RRD	$ 2	$ 4

New Accounting Pronouncements -

New Accounting Pronouncements - Narrative (Detail) - ASU 2017-07 - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Expected net pension income upon adoption of accounting standard		$ 45
Scenario Forecast
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Expected net pension income upon adoption of accounting standard	$ 46

Subsequent Events - Narrative (

Subsequent Events - Narrative (Detail) - Subsequent Event - USD ($) shares in Millions, $ in Millions	Jul. 28, 2017	Jul. 17, 2017
Fairrington
Subsequent Event [Line Items]
Purchase price of acquisition, cash	$ 20
Issuance of common stock shares for acquisitions of businesses	1
Aggregate purchase price of acquisition	$ 40
CREEL Printing
Subsequent Event [Line Items]
Date of acquisition agreement		Jul. 17, 2017