LSC Communications (LKSDQ) 10-Q 2 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 27, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
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		34,845,077

CONDENSED CONSOLIDATED AND COMB

CONDENSED CONSOLIDATED AND COMBINED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 23	$ 95
Receivables, less allowances for doubtful accounts of $10 in 2017 (2016: $10)	741	667
Income taxes receivable	24	1
Inventories (Note 3)	237	193
Prepaid expenses and other current assets	25	20
Total current assets	1,050	976
Property, plant and equipment-net (Note 4)	612	608
Goodwill (Note 5)	82	84
Other intangible assets-net (Note 5)	158	131
Deferred income taxes	65	57
Other noncurrent assets	106	96
Total assets	2,073	1,952
LIABILITIES
Accounts payable	325	294
Accrued liabilities	237	237
Short-term and current portion of long-term debt (Note 13)	177	52
Total current liabilities	739	583
Long-term debt (Note 13)	707	742
Pension liabilities	237	279
Deferred income taxes	1	2
Other noncurrent liabilities	103	106
Total liabilities	1,787	1,712
Commitments and contingencies (Note 12)
EQUITY (Note 8)
Common stock, $0.01 par value Authorized: 65,000,000 shares; Issued: 34,446,778 shares in 2017 (2016: 32,449,669)	0	0
Additional paid-in-capital	813	770
(Accumulated deficit) retained earnings	(23)	1
Accumulated other comprehensive loss (Note 10)	(503)	(531)
Treasury stock, at cost: 34,727 shares in 2017	(1)	0
Total equity	286	240
Total liabilities and equity	$ 2,073	$ 1,952

CONDENSED CONSOLIDATED AND COM3

CONDENSED CONSOLIDATED AND COMBINED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Sep. 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	34,446,778	32,449,669
Treasury stock, shares	34,727	0

CONDENSED CONSOLIDATED AND COM4

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Net sales	$ 935	$ 949	$ 2,604	$ 2,735
Cost of sales	778	783	2,175	2,250
Selling, general and administrative expenses (exclusive of depreciation and amortization)	65	66	194	196
Restructuring, impairment and other charges-net (Note 6)	60	3	87	11
Depreciation and amortization	39	40	118	130
(Loss) income from operations	(7)	57	30	148
Interest expense-net	19	1	52	0
Investment and other expense-net	0	0	0	1
(Loss) income before income taxes	(26)	56	(22)	147
Income tax (benefit) expense	(23)	18	(23)	50
Net (loss) income	$ (3)	$ 38	$ 1	$ 97
Net (loss) earnings per common share (Note 9):
Basic net (loss) earnings per share	$ (0.07)	$ 1.17	$ 0.03	$ 2.99
Diluted net (loss) earnings per share	(0.07)	1.17	0.03	2.99
Dividends declared per common share	$ 0.25	$ 0	$ 0.75	$ 0
Weighted average number of common shares outstanding:
Basic	34.2	32.4	33.5	32.4
Diluted	34.2	32.4	33.8	32.4

CONDENSED CONSOLIDATED AND COM5

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Statement Of Income And Comprehensive Income [Abstract]
Net (loss) income	$ (3)	$ 38	$ 1	$ 97
Other comprehensive income (loss), net of tax (Note 10)
Translation adjustments	2	(2)	20	(3)
Adjustments for net periodic pension plan cost	3	1	8	(1)
Other comprehensive income (loss)	5	(1)	28	(4)
Comprehensive income	$ 2	$ 37	$ 29	$ 93

CONDENSED CONSOLIDATED AND COM6

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash Flows from Operating Activities
Net income	$ 1	$ 97
Adjustments to reconcile net income to net cash provided by operating activities:
Impairment charges	55	0
Depreciation and amortization	118	130
Provision for doubtful accounts receivable	3	11
Share-based compensation	10	4
Deferred income taxes	(14)	(14)
Other	3	(3)
Changes in operating assets and liabilities - net of acquisitions:
Accounts receivable- net	(48)	(45)
Inventories	(20)	(12)
Prepaid expenses and other current assets	(3)	(4)
Accounts payable	36	(11)
Income taxes payable and receivable	(29)	(2)
Accrued liabilities and other	(54)	(15)
Net cash provided by operating activities	58	136
Cash Flows from Investing Activities
Capital expenditures	(51)	(35)
Acquisitions of businesses, net of cash acquired	(175)	0
Net proceeds from sales and purchase of investments	1	0
Proceeds from sales of other assets	7	1
Transfers from restricted cash	0	9
Net cash used in investing activities	(218)	(25)
Cash Flows from Financing Activities
Proceeds from issuance of long-term debt	0	816
Payments of current maturities and long-term debt	(53)	(4)
Net proceeds from credit facility borrowings	140	0
Debt issuance costs	0	(18)
Proceeds from issuance of common stock	18	0
Dividends paid	(25)	0
Payments from RRD – net	3	0
Net transfers to Parent and affiliates	0	(945)
Net cash provided by (used in) financing activities	83	(151)
Effect of exchange rate on cash and cash equivalents	5	0
Net decrease in cash and cash equivalents	(72)	(40)
Cash and cash equivalents at beginning of year	95	95
Cash and cash equivalents at end of period	23	55
Supplemental non-cash disclosure:
Assumption of warehousing equipment related to customer contract	0	9
Fairrington
Supplemental non-cash disclosure:
Issuance of shares of LSC Communications, Inc. common stock for acquisition of a business	$ 20	$ 0

CONDENSED CONSOLIDATED AND COM7

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (UNAUDITED) (Parenthetical) shares in Millions	9 Months Ended
	Sep. 30, 2017shares
Fairrington
Issuance of stock for acquisitions of businesses	1

Overview and Basis of Presentat

Overview and Basis of Presentation	9 Months Ended
	Sep. 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 (“the record date”) 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 approximately 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 approximately 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 operations of the Company as an independent, publicly traded company for the periods after the separation, and the condensed combined balance sheets and statements of operations 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 operations 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	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Business Combinations	Note 2. Business Combinations 2017 Acquisitions On September 7, 2017, the Company acquired Publishers Press, a printing solutions provider with capabilities such as web-offset printing, prepress and distribution services for magazines and retail brands. The acquisition enhanced the Company’s printing capabilities. The total purchase price was $70 million in cash, of which $1 million was recorded in goodwill. For the three and nine months ended September 30, 2017, the Company’s condensed consolidated statement of operations included net sales of $11 million and a de minimis amount of income from operations On August 21, 2017, the Company acquired the assets of NECI, LLC (“NECI”), a supplier of commodity and specialty filing supplies On 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 acquisition enhanced the Company’s logistics service offering. The purchase price was $20 million in cash and approximately 1.0 million shares of LSC Communications common stock, for a total transaction value of $40 million. Of the total purchase price, $22 million was recorded in goodwill. On March 1, 2017, the Company acquired HudsonYards Studios (“HudsonYards”), a 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 enhanced the Company’s digital and premedia capabilities. The purchase price for HudsonYards was $3 million in cash, of which $2 million was recorded in goodwill. For the three months ended September 30, 2017, the Company’s condensed consolidated statement of operations included net sales of $2 million and a de minimis operating loss attributable to the acquisition of HudsonYards. For the nine months ended September 30, 2017, the Company’s condensed consolidated statement of operations included net sales of $5 million and a loss from operations of $1 million attributable to the acquisition of HudsonYards. The operations of Publishers Press, CREEL, Fairrington, and HudsonYards are included in the Print segment; specifically the magazines, catalogs and retail inserts reporting unit. The operations of NECI are included in the Office Products segment. The acquisitions were recorded by allocating the cost of the acquisitions to the assets acquired, including other intangible assets, based on their estimated fair values at the acquisition date. The excess of the cost of the acquisitions over the net amounts assigned to the fair value of the assets acquired was recorded in goodwill. The goodwill is primarily attributable to the synergies expected to arise as a result of the acquisitions. The preliminary tax deductible goodwill related to the Publishers Press, NECI, CREEL, Fairrington, and HudsonYards acquisitions was $33 million. Based on the acquisition-date valuations, the preliminary purchase price allocations for Publishers Press, CREEL and Fairrington in the Print segment are as follows: Publishers Press CREEL Fairrington Accounts Receivable $ 25 $ 13 $ 6 Inventories 13 5 — Prepaid expenses and other current assets 2 1 — Property, plant and equipment 36 19 6 Other intangible assets — 22 17 Other noncurrent assets — — 1 Goodwill 1 25 22 Accounts payable and accrued liabilities (8 ) (7 ) (4 ) Deferred taxes-net — — (9 ) Total purchase price, net of cash acquired 69 78 39 Less: value of common stock issued — — 20 Net cash paid: $ 69 $ 78 $ 19 Given the historical valuations of the magazines, catalogs and retail inserts reporting unit that have resulted in goodwill impairment in prior years, combined with the change in the composition of the carrying value of the reporting unit due to the recent acquisitions, the Company determined it necessary to perform an interim goodwill impairment review on this reporting unit as of September 30, 2017. As a result, for the three months ended September, 2017, the Company recorded a non-cash charge of $55 million to recognize the impairment of goodwill for the magazines, catalogs and retail inserts reporting unit in the Print segment. Refer to Note 6, Restructuring, Impairment and Other Charges , for further details on this non-cash charge. The purchase price allocations for Publishers Press, NECI, CREEL, and Fairrington are preliminary because the valuations necessary to assess the fair values of the net assets and liabilities acquired are still in process. The primary areas that are not yet finalized relate to the valuation of certain assets and liabilities. The final purchase price allocations may differ from what is currently reflected in the condensed consolidated financial statements, and could affect goodwill impairment in the future. The fair values of other intangible assets and goodwill associated with the acquisitions were determined to be Level 3 under the fair value hierarchy. The following table presents the fair value, valuation techniques and related unobservable inputs for these Level 3 measurements: Fair Value Valuation Technique Unobservable Input Range Customer relationships $ 36 Relief-from-royalty-method Growth rate (3.0)% - 0.9% Attrition rate 6.0% - 6.5% Discount rate 15.0% - 23.0% Trade names 3 Multi-period excess earnings method Royalty rate 1.0% - 1.5% Discount rate 15.0% - 19.0% The fair values of property, plant and equipment associated with the acquisitions were determined to be Level 3 under the fair value hierarchy. Property, plant and equipment values were estimated using either the cost or market approach, if a secondhand market existed. For the three and nine months ended September 30, 2017, the Company recorded $2 million and $3 million of acquisition-related expenses associated with the completed and contemplated acquisitions described above within selling, general and administrative expenses in the condensed consolidated statements of operations. 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 in cash 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 nine months ended September 30, 2016. Pro forma results The following unaudited pro forma financial information for the three and nine months ended September 30, 2017 and 2016 presents the condensed consolidated and combined statements of operations 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 operations 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 operations. Three Months Ended Nine Months Ended September 30 September 30 2017 2016 2017 2016 Net sales $ 978 $ 1,052 $ 2,808 $ 3,034 Net (loss) income (6 ) 40 (8 ) 97 Net (loss) earnings per common share Basic $ (0.18 ) $ 1.20 $ (0.24 ) $ 2.90 Diluted $ (0.18 ) $ 1.20 $ (0.24 ) $ 2.90 The following table outlines unaudited pro forma financial information for the three and nine months ended September 30, 2017 and 2016: Three Months Ended Nine Months Ended September 30 September 30 2017 2016 2017 2016 Amortization of purchased intangibles $ 5 $ 5 $ 15 $ 16 Additionally, the nonrecurring pro forma adjustments affecting net income for the three and nine months ended September 30, 2017 and 2016 were as follows: Three Months Ended Nine Months Ended September 30 September 30 2017 2016 2017 2016 Acquisition-related expenses, pre-tax $ (1 ) $ — $ (1 ) $ — Restructuring, impairment and other charges — — (1 ) — Inventory fair value adjustments, pre-tax 1 — 1 (1 ) Other pro forma adjustments, pre-tax — 1 2 2 Income taxes — — 1 (1 ) Note: A negative number in the table above represents a decrease to income in pro forma net income.

Inventories

Inventories	9 Months Ended
	Sep. 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 September 30, 2017 and December 31, 2016 were as follows: September 30, December 31, 2017 2016 Raw materials and manufacturing supplies $ 121 $ 100 Work in process 74 58 Finished goods 99 93 Last in, First out reserve ("LIFO") (57 ) (58 ) Total $ 237 $ 193

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 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 September 30, 2017 and December 31, 2016 were as follows: September 30, December 31, 2017 2016 Land $ 46 $ 42 Buildings 783 762 Machinery and equipment 4,133 4,173 4,962 4,977 Accumulated depreciation (4,350 ) (4,369 ) Total $ 612 $ 608 During the three and nine months ended September 30, 2017, depreciation expense was $34 million and

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 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 nine months ended September 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 52 1 53 Impairment charges (55 ) — (55 ) Net book value as of September 30, 2017 Goodwill 914 110 1,024 Accumulated impairment losses (863 ) (79 ) (942 ) Total $ 51 $ 31 $ 82 During the three months ended September 30, 2017, the Company recorded a non-cash charge of $55 million to recognize the impairment of goodwill for the magazines, catalogs and retail inserts reporting unit in the Print segment. See Note 6, Restructuring, Impairment and Other Charges The components of other intangible assets at September 30, 2017 and December 31, 2016 were as follows: September 30, 2017 December 31, 2016 Gross Carrying Accumulated Net Book Gross Carrying Accumulated Net Book Amount Amortization Value Amount Amortization Value Customer relationships $ 242 $ (120 ) $ 122 $ 205 $ (109 ) $ 96 Trade names 7 (3 ) 4 5 (2 ) 3 Total amortizable other intangible assets 249 (123 ) 126 210 (111 ) 99 Indefinite-lived trade names 32 — 32 32 — 32 Total other intangible assets $ 281 $ (123 ) $ 158 $ 242 $ (111 ) $ 131 The Company recorded additions to other intangible assets of $39 million for acquisitions during the three months ended September 30, 2017. The components of other intangible assets added during the three months ended September 30, 2017 were as follows: September 30, 2017 Weighted-Average Amortization Period Amount (years) Customer relationships $ 36 10.6 Trade names (amortizable) 3 5.0 $ 39 During the three and nine months ended September 30, 2017, amortization expense for other intangible assets was $4 million and $12 million, respectively. During the three and nine months ended September 30, 2016, amortization expense for other intangible assets was $4 million and $13 million, respectively. The following table outlines the estimated annual amortization expense related to other intangible assets: For the year ending December 31, Amount 2017 $ 17 2018 15 2019 15 2020 14 2021 13 2022 and thereafter 64 Total $ 138

Restructuring, Impairment and O

Restructuring, Impairment and Other Charges	9 Months Ended
	Sep. 30, 2017
Restructuring And Related Activities [Abstract]
Restructuring, Impairment and Other Charges	Note 6. Restructuring, Impairment and Other Charges For the three months ended September 30, 2017 and 2016, the Company recorded the following net restructuring, impairment and other charges: Three Months Ended September 30, 2017 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ — $ 2 $ 2 $ 55 $ 1 $ 58 Corporate — 2 2 — — 2 Total $ — $ 4 $ 4 $ 55 $ 1 $ 60 Three Months Ended September 30, 2016 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ — $ 1 $ 1 $ (1 ) $ 1 $ 1 Corporate 2 — 2 — — 2 Total $ 2 $ 1 $ 3 $ (1 ) $ 1 $ 3 For the nine months ended September 30, 2017 and 2016, the Company recorded the following net restructuring, impairment and other charges: Nine Months Ended September 30, 2017 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 6 $ 5 $ 11 $ 55 $ 3 $ 69 Office Products 1 — 1 — — 1 Corporate — 17 17 — — 17 Total $ 7 $ 22 $ 29 $ 55 $ 3 $ 87 Nine Months Ended September 30, 2016 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 2 $ 4 $ 6 $ — $ 3 $ 9 Corporate 2 — 2 — — 2 Total $ 4 $ 4 $ 8 $ — $ 3 $ 11 Restructuring and Impairment Charges For the three and nine months ended September 30, 2017, the Company incurred employee-related restructuring charges of a de minimis amount and $7 million for an aggregate of 516 employees, of whom 450 were terminated as of or prior to September 30, 2017. These charges primarily related to one facility closure in the Print segment and the reorganization of certain business units. As explained in Note 2, Business Combinations Business Combinations In accordance with ASC 350, Intangibles — Goodwill and Other The Company’s policy is to perform its annual test of goodwill for impairment as of October 31 of each year. Prior to the acquisitions completed within the last twelve months, the magazines, catalogs and retail inserts reporting unit had zero goodwill recorded, as goodwill associated with this reporting unit had been fully impaired in prior years. Given the historical valuations of the magazines, catalogs and retail inserts reporting unit that have resulted in goodwill impairment in prior years, combined with the change in the composition of the carrying value of the reporting unit due to the recent acquisitions, the Company determined it necessary to perform an interim goodwill impairment review on this reporting unit as of September 30, 2017. As a result of the interim goodwill impairment test, and consistent with prior goodwill impairment tests, the magazines, catalogs and retail inserts reporting unit’s fair value continued to be at a value below its carrying value. This is primarily due to the negative revenue trends experienced in recent years that are only partially offset by the impact of the new acquisitions. As such, the Company recorded a non-cash charge of $55 million during the three and nine months ended September 30, 2017 to recognize the impairment of goodwill in this reporting unit. The goodwill impairment charges were determined using Level 3 inputs, including discounted cash flow analyses, comparable marketplace fair value data and management’s assumptions. For the three and nine months ended September 30, 2016, the Company incurred other restructuring charges of $1 million and $4 million, respectively. Additionally, the three and nine months ended September 30, 2016 included net restructuring charges of $2 million and $4 million, respectively, for employee termination costs for an aggregate of 48 employees, substantially all of whom were terminated as of or prior to September 30, 2017. These charges primarily related to one facility closure in the Print segment and the reorganization of certain operations. The Company also recorded a reversal of previously recorded impairment charges of $1 million for the three months ended September 30, 2016. There was also a de minimis amount of net impairment charges during the nine months ended September 30, 2016. Restructuring Reserve The restructuring reserve as of December 31, 2016 and September 30, 2017, and changes during the nine months ended September 30, 2017, were as follows: December 31, 2016 Restructuring Charges Foreign Exchange and Other Cash Paid September 30, 2017 Employee terminations $ 8 $ 7 $ — $ (11 ) $ 4 Multiemployer pension plan withdrawal obligations 18 1 — (3 ) 16 Lease terminations and other 2 16 — (14 ) 4 Total $ 28 $ 24 $ — $ (28 ) $ 24 The current portion of restructuring reserves of $11 million at September 30, 2017 was included in accrued liabilities, while the long-term portion of $13 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 September 30, 2017. The Company anticipates that payments associated with the employee terminations reflected in the above table will be substantially completed by September 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. Other Charges For the three and nine months ended September 30, 2017, the Company recorded other charges of $1 million and $3 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 $37 million, respectively, at September 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 operations and cash flows. For the three and nine months ended September 30, 2016, the Company recorded other charges of $1 million and $3 million, respectively, for multiemployer pension plan withdrawal obligations unrelated to facility closures.

Retirement Plans

Retirement Plans	9 Months Ended
	Sep. 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 balance sheets as of September 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 nine months ended September 30, 2017 and 2016 are disclosed in the table below. Amounts shown for the three and nine months ended September 30, 2017 include pension income for the Company’s qualified and non-qualified plans, certain plans in Mexico and plans acquired as a result of the acquisitions of Esselte Corporation (“Esselte”) and Courier Corporation (“Courier”). Amounts shown for the three and nine months ended September 30, 2016 include pension income for certain plans in the United Kingdom and Mexico and plans acquired as a result of the the acquisitions of Esselte and Courier. Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Qualified Non-Qualified & International Qualified Non-Qualified & International Interest cost $ 22 $ — $ 65 $ 2 Expected return on plan assets (38 ) — (114 ) — Amortization, net 4 1 12 1 Net periodic benefit (income) loss $ (12 ) $ 1 $ (37 ) $ 3 Three Months Ended September 30, 2016 Nine Months Ended September 30, 2016 Qualified Non-Qualified & International Qualified Non-Qualified & International Interest cost $ 2 $ 2 $ 5 $ 5 Expected return on plan assets (3 ) (2 ) (8 ) (7 ) Amortization, net — — — 1 Settlement — — 1 — Net periodic benefit income $ (1 ) $ — $ (2 ) $ (1 ) 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 $8 million and $28 million for the three and nine months ended September 30, 2016 in addition to the amounts disclosed above. 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	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Equity	Note 8. Equity The Company’s equity as of December 31, 2016 and September 30, 2017 and changes during the nine months ended September 30, 2017 were as follows: Total Equity Balance at December 31, 2016 $ 240 Net income 1 Other comprehensive income 28 Share-based compensation 10 Issuance of share-based awards, net of withholdings and other (1 ) Cash dividends paid (25 ) Issuance of common stock 38 Separation-related adjustments (5 ) Balance at September 30, 2017 $ 286 On July 28, 2017, the Company issued approximately 1.0 million shares of common stock in conjunction with the Fairrington acquisition, which shares had a closing date value of $20 million. 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 approximately 0.9 million shares of common stock with a value of $18 million. During the nine months ended September 30, 2017, the Company recorded certain separation-related adjustments due to the adjustment of assets and liabilities recorded as of the separation date. The Company’s equity as of December 31, 2015 and September 30, 2016 and changes during the nine months ended September 30, 2016 were as follows: Total Equity Balance at December 31, 2015 $ 1,277 Net income 97 Net transfers to parent company (933 ) Other comprehensive loss (4 ) Balance at September 30, 2016 $ 437 During the three months ended September 30, 2016, the Company used the net proceeds from the debt issuances to fund an $806 million cash dividend to RRD in connection with the separation. The cash dividend is included in net transfers to parent company balance. Refer to Note 13, Debt , for more information.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Note 9. Earnings Per Share During the three months ended September 30, 2017, the Company issued approximately 1.0 million shares of common stock in conjunction with the Fairrington acquisition. During the nine months ended September 30, 2017, no shares of common stock were purchased by the Company, however, shares were withheld from employees for tax liabilities upon vesting of equity awards. 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 approximately 6.2 million shares. On March 28, 2017, RRD completed the sale of its approximately 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. 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 Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Net (loss) earnings per common share: Basic $ (0.07 ) $ 1.17 $ 0.03 $ 2.99 Diluted $ (0.07 ) $ 1.17 $ 0.03 $ 2.99 Dividends declared per common share $ 0.25 $ — $ 0.75 $ — Numerator: Net (loss) income $ (3 ) $ 38 $ 1 $ 97 Denominator: Weighted average number of common shares outstanding 34.2 32.4 33.5 32.4 Dilutive options and awards — — 0.3 — Diluted weighted average number of common shares outstanding 34.2 32.4 33.8 32.4

Comprehensive Income

Comprehensive Income	9 Months Ended
	Sep. 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 nine months ended September 30, 2017 and 2016 were as follows: Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Before Tax Amount Income Tax Expense Net of Tax Amount Before Tax Amount Income Tax Expense Net of Tax Amount Translation adjustments $ 2 $ — $ 2 $ 20 $ — $ 20 Adjustment for net periodic pension plan cost 5 2 3 13 5 8 Other comprehensive income $ 7 $ 2 $ 5 $ 33 $ 5 $ 28 Three Months Ended September 30, 2016 Nine Months Ended September 30, 2016 Before Tax Amount Income Tax Expense Net of Tax Amount Before Tax Amount Income Tax Expense Net of Tax Amount Translation adjustments $ (2 ) $ — $ (2 ) $ (3 ) $ — $ (3 ) Adjustment for net periodic pension plan cost 1 — 1 4 5 (1 ) Other comprehensive (loss) income $ (1 ) $ — $ (1 ) $ 1 $ 5 $ (4 ) During the nine months ended September 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 September 30, 2017 and changes during the nine months ended September 30, 2017 were as follows: Pension Plan Cost Translation Adjustments Total Balance at December 31, 2016 $ (462 ) $ (69 ) $ (531 ) Other comprehensive income before reclassifications — 20 20 Amounts reclassified from accumulated other comprehensive loss 8 — 8 Net change in accumulated other comprehensive loss 8 20 28 Balance at September 30, 2017 $ (454 ) $ (49 ) $ (503 ) Accumulated other comprehensive loss by component as of December 31, 2015 and September 30, 2016 and changes during the nine months ended September 30, 2016, were as follows: Pension Plan Cost Translation Adjustments Total Balance at December 31, 2015 $ (46 ) $ (159 ) $ (205 ) Other comprehensive loss before reclassifications — (3 ) (3 ) Amounts reclassified from accumulated other comprehensive loss (1 ) — (1 ) Net change in accumulated other comprehensive loss (1 ) (3 ) (4 ) Balance at September 30, 2016 $ (47 ) $ (162 ) $ (209 ) Reclassification from accumulated other comprehensive loss for the three and nine months ended September 30, 2017 and 2016 were as follows: Three Months Ended September 30, Nine Months Ended September 30, Classification in the Condensed Consolidated & Combined 2017 2016 2017 2016 Statements of Operations Amortization of pension plan cost: Net actuarial loss $ 5 $ — $ 13 $ 1 (a) Settlement — — — 1 Reclassifications before tax 5 — 13 2 Income tax expense (benefit) 2 (1 ) 5 3 Reclassifications, net of tax $ 3 $ 1 $ 8 $ (1 ) (a) These accumulated other comprehensive income components are included in the calculation of net periodic pension plan (income) expense that is recognized substantially all in selling, general and administrative expenses in the condensed consolidated and combined statements of operations (see Note 7, Retirement Plans

Segment Information

Segment Information	9 Months Ended
	Sep. 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, catalogs 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 September 30, 2017 Print $ 819 $ (10 ) $ 35 $ 9 Office Products 116 11 4 1 Total operating segments 935 1 39 10 Corporate — (8 ) — 5 Total operations $ 935 $ (7 ) $ 39 $ 15 Net Sales Income (loss) from Operations Depreciation and Amortization Capital Expenditures Three months ended September 30, 2016 Print $ 822 $ 48 $ 36 $ 14 Office Products 127 11 4 1 Total operating segments 949 59 40 15 Corporate — (2 ) — 1 Total operations $ 949 $ 57 $ 40 $ 16 Net Sales Income (loss) from Operations Assets of Operations Depreciation and Amortization Capital Expenditures Nine months ended September 30, 2017 Print $ 2,252 $ 24 $ 1,667 $ 106 $ 41 Office Products 352 32 316 11 3 Total operating segments 2,604 56 1,983 117 44 Corporate — (26 ) 90 1 7 Total operations $ 2,604 $ 30 $ 2,073 $ 118 $ 51 Net Sales Income (loss) from Operations Assets of Operations Depreciation and Amortization Capital Expenditures Nine months ended September 30, 2016 Print $ 2,338 $ 114 $ 1,602 $ 118 $ 28 Office Products 397 38 323 12 3 Total operating segments 2,735 152 1,925 130 31 Corporate — (4 ) 23 — 4 Total operations $ 2,735 $ 148 $ 1,948 $ 130 $ 35 Restructuring, impairment and other charges by segment for the three and nine months ended September 30, 2017 and 2016 are disclosed in Note 6, Restructuring, Impairment and Other Charges.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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 ten active federal and state Superfund and other multiparty remediation sites. In addition to these sites, the Company may also have the obligation to remediate four other previously and currently owned facilities. At the Superfund sites, the Comprehensive Environmental Response, Compensation and Liability Act provides that the Company’s liability could be joint and several, meaning that the Company could be required to pay an amount in excess of its proportionate share of the remediation costs. The Company’s understanding of the financial strength of other potentially responsible parties at the multiparty sites and of other liable parties at the previously owned facilities has been considered, where appropriate, in the determination of the Company’s estimated liability. The Company established reserves, recorded in accrued liabilities and other noncurrent liabilities, that it believes are adequate to cover its share of the potential costs of remediation at each of the multiparty sites and the previously and currently owned facilities. It is not possible to quantify with certainty the potential impact of actions regarding environmental matters, particularly remediation and other compliance efforts that the Company may undertake in the future. However, in the opinion of management, compliance with the present environmental protection laws, before taking into account estimated recoveries from third parties, will not have a material effect on the Company’s condensed consolidated and combined balance sheets, statements of operations 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 operations and cash flows.

Debt

Debt	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Debt	Note 13. Debt The Company’s debt at September 30, 2017 and December 31, 2016 consisted of the following: September 30, 2017 December 31, 2016 Borrowings under the Revolving Credit Facility $ 140 $ — Term Loan Facility due September 30, 2022 (a) 304 353 8.75% Senior Secured Notes due October 15, 2023 450 450 Capital lease obligations 3 6 Unamortized debt issuance costs (13 ) (15 ) Total debt 884 794 Less: current portion (177 ) (52 ) Long-term debt $ 707 $ 742 (a) The borrowings under the Term Loan Facility are subject to a variable interest rate. As of September 30, 2017 and December 31, 2016, the interest rate was 7.24% 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 $24 million and $22 million at September 30, 2017 and December 31, 2016, respectively. There was $19 million and $52 million of net interest expense during the three and nine months ended September 30, 2017, respectively. There was $1 million and a de minimis amount of net interest expense during the three and nine months ended September 30, 2016, respectively. There were $140 million of borrowings under the Revolving Credit Facility as of September 30, 2017 and no borrowings as of December 31, 2016. The weighted average interest rate on borrowings under the Credit Agreement was 4.31% during the nine months ended September 30, 2017.

Related Parties

Related Parties	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Related Parties	Note 14. Related Parties On March 28, 2017, RRD completed the sale of approximately 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 statements of operations for the three and nine months ended September 30, 2016: Three Months Ended September 30, 2016 Nine Months Ended September 30, 2016 Costs of goods sold $ 25 $ 67 Selling, general and administrative 42 114 Depreciation and amortization 1 5 Total allocations from RRD $ 68 $ 186 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 $19 million and $40 million for the three and nine months ended September 30, 2016, respectively. These amounts are included in the condensed consolidated and combined statements of operations. 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. $43 million and $135 million for the three and nine months ended September 30, 2016, respectively.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Sep. 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 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 of 2020, with early adoption permitted on testing dates after January 1, 2017. The Company adopted ASU 2017-04 during the third quarter of 2017 and applied the standard to the interim goodwill impairment review of the magazines, catalogs and retail inserts reporting unit included in the Print segment as of September 30, 2017. 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” (“ASU 2016-15”), 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.

Business Combinations (Tables)

Business Combinations (Tables)	9 Months Ended
	Sep. 30, 2017
Business Acquisition [Line Items]
Pro Forma Financial Information	The unaudited pro forma financial information is not intended to represent or be indicative of the Company’s condensed consolidated and combined statements of operations 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 operations. Three Months Ended Nine Months Ended September 30 September 30 2017 2016 2017 2016 Net sales $ 978 $ 1,052 $ 2,808 $ 3,034 Net (loss) income (6 ) 40 (8 ) 97 Net (loss) earnings per common share Basic $ (0.18 ) $ 1.20 $ (0.24 ) $ 2.90 Diluted $ (0.18 ) $ 1.20 $ (0.24 ) $ 2.90 The following table outlines unaudited pro forma financial information for the three and nine months ended September 30, 2017 and 2016: Three Months Ended Nine Months Ended September 30 September 30 2017 2016 2017 2016 Amortization of purchased intangibles $ 5 $ 5 $ 15 $ 16
Nonrecurring Pro Forma Adjustments Affecting Net Income	Additionally, the nonrecurring pro forma adjustments affecting net income for the three and nine months ended September 30, 2017 and 2016 were as follows: Three Months Ended Nine Months Ended September 30 September 30 2017 2016 2017 2016 Acquisition-related expenses, pre-tax $ (1 ) $ — $ (1 ) $ — Restructuring, impairment and other charges — — (1 ) — Inventory fair value adjustments, pre-tax 1 — 1 (1 ) Other pro forma adjustments, pre-tax — 1 2 2 Income taxes — — 1 (1 ) Note: A negative number in the table above represents a decrease to income in pro forma net income.
2017 Acquisitions
Business Acquisition [Line Items]
Schedule of Preliminary Purchase Price Allocation for Acquisitions	Based on the acquisition-date valuations, the preliminary purchase price allocations for Publishers Press, CREEL and Fairrington in the Print segment are as follows: Publishers Press CREEL Fairrington Accounts Receivable $ 25 $ 13 $ 6 Inventories 13 5 — Prepaid expenses and other current assets 2 1 — Property, plant and equipment 36 19 6 Other intangible assets — 22 17 Other noncurrent assets — — 1 Goodwill 1 25 22 Accounts payable and accrued liabilities (8 ) (7 ) (4 ) Deferred taxes-net — — (9 ) Total purchase price, net of cash acquired 69 78 39 Less: value of common stock issued — — 20 Net cash paid: $ 69 $ 78 $ 19
Fair Values, Valuation Techniques and Related Unobservable Inputs of Level Three	The fair values of other intangible assets and goodwill associated with the acquisitions were determined to be Level 3 under the fair value hierarchy. The following table presents the fair value, valuation techniques and related unobservable inputs for these Level 3 measurements: Fair Value Valuation Technique Unobservable Input Range Customer relationships $ 36 Relief-from-royalty-method Growth rate (3.0)% - 0.9% Attrition rate 6.0% - 6.5% Discount rate 15.0% - 23.0% Trade names 3 Multi-period excess earnings method Royalty rate 1.0% - 1.5% Discount rate 15.0% - 19.0%

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 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 September 30, 2017 and December 31, 2016 were as follows: September 30, December 31, 2017 2016 Raw materials and manufacturing supplies $ 121 $ 100 Work in process 74 58 Finished goods 99 93 Last in, First out reserve ("LIFO") (57 ) (58 ) Total $ 237 $ 193

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 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 September 30, 2017 and December 31, 2016 were as follows: September 30, December 31, 2017 2016 Land $ 46 $ 42 Buildings 783 762 Machinery and equipment 4,133 4,173 4,962 4,977 Accumulated depreciation (4,350 ) (4,369 ) Total $ 612 $ 608

Goodwill and Other Intangible26

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 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 nine months ended September 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 52 1 53 Impairment charges (55 ) — (55 ) Net book value as of September 30, 2017 Goodwill 914 110 1,024 Accumulated impairment losses (863 ) (79 ) (942 ) Total $ 51 $ 31 $ 82
Schedule Of Finite And Indefinite Lived Intangible Assets Acquisition Table Text Block	The components of other intangible assets at September 30, 2017 and December 31, 2016 were as follows: September 30, 2017 December 31, 2016 Gross Carrying Accumulated Net Book Gross Carrying Accumulated Net Book Amount Amortization Value Amount Amortization Value Customer relationships $ 242 $ (120 ) $ 122 $ 205 $ (109 ) $ 96 Trade names 7 (3 ) 4 5 (2 ) 3 Total amortizable other intangible assets 249 (123 ) 126 210 (111 ) 99 Indefinite-lived trade names 32 — 32 32 — 32 Total other intangible assets $ 281 $ (123 ) $ 158 $ 242 $ (111 ) $ 131
Schedule of Other Intangible Assets Additions by Component	The components of other intangible assets added during the three months ended September 30, 2017 were as follows: September 30, 2017 Weighted-Average Amortization Period Amount (years) Customer relationships $ 36 10.6 Trade names (amortizable) 3 5.0 $ 39
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: For the year ending December 31, Amount 2017 $ 17 2018 15 2019 15 2020 14 2021 13 2022 and thereafter 64 Total $ 138

Restructuring, Impairment and27

Restructuring, Impairment and Other Charges (Tables)	9 Months Ended
	Sep. 30, 2017
Restructuring And Related Activities [Abstract]
Schedule of Net Restructuring, Impairment and Other Charges	For the three months ended September 30, 2017 and 2016, the Company recorded the following net restructuring, impairment and other charges: Three Months Ended September 30, 2017 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ — $ 2 $ 2 $ 55 $ 1 $ 58 Corporate — 2 2 — — 2 Total $ — $ 4 $ 4 $ 55 $ 1 $ 60 Three Months Ended September 30, 2016 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ — $ 1 $ 1 $ (1 ) $ 1 $ 1 Corporate 2 — 2 — — 2 Total $ 2 $ 1 $ 3 $ (1 ) $ 1 $ 3 For the nine months ended September 30, 2017 and 2016, the Company recorded the following net restructuring, impairment and other charges: Nine Months Ended September 30, 2017 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 6 $ 5 $ 11 $ 55 $ 3 $ 69 Office Products 1 — 1 — — 1 Corporate — 17 17 — — 17 Total $ 7 $ 22 $ 29 $ 55 $ 3 $ 87 Nine Months Ended September 30, 2016 Employee Terminations Other Restructuring Charges Total Restructuring Charges Impairment Other Charges Total Print $ 2 $ 4 $ 6 $ — $ 3 $ 9 Corporate 2 — 2 — — 2 Total $ 4 $ 4 $ 8 $ — $ 3 $ 11
Schedule of Changes in the Restructuring Reserve	The restructuring reserve as of December 31, 2016 and September 30, 2017, and changes during the nine months ended September 30, 2017, were as follows: December 31, 2016 Restructuring Charges Foreign Exchange and Other Cash Paid September 30, 2017 Employee terminations $ 8 $ 7 $ — $ (11 ) $ 4 Multiemployer pension plan withdrawal obligations 18 1 — (3 ) 16 Lease terminations and other 2 16 — (14 ) 4 Total $ 28 $ 24 $ — $ (28 ) $ 24

Retirement Plans (Tables)

Retirement Plans (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2017 and 2016 are disclosed in the table below. Amounts shown for the three and nine months ended September 30, 2017 include pension income for the Company’s qualified and non-qualified plans, certain plans in Mexico and plans acquired as a result of the acquisitions of Esselte Corporation (“Esselte”) and Courier Corporation (“Courier”). Amounts shown for the three and nine months ended September 30, 2016 include pension income for certain plans in the United Kingdom and Mexico and plans acquired as a result of the the acquisitions of Esselte and Courier. Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Qualified Non-Qualified & International Qualified Non-Qualified & International Interest cost $ 22 $ — $ 65 $ 2 Expected return on plan assets (38 ) — (114 ) — Amortization, net 4 1 12 1 Net periodic benefit (income) loss $ (12 ) $ 1 $ (37 ) $ 3 Three Months Ended September 30, 2016 Nine Months Ended September 30, 2016 Qualified Non-Qualified & International Qualified Non-Qualified & International Interest cost $ 2 $ 2 $ 5 $ 5 Expected return on plan assets (3 ) (2 ) (8 ) (7 ) Amortization, net — — — 1 Settlement — — 1 — Net periodic benefit income $ (1 ) $ — $ (2 ) $ (1 )

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Schedule of the Company's Equity Activity	The Company’s equity as of December 31, 2016 and September 30, 2017 and changes during the nine months ended September 30, 2017 were as follows: Total Equity Balance at December 31, 2016 $ 240 Net income 1 Other comprehensive income 28 Share-based compensation 10 Issuance of share-based awards, net of withholdings and other (1 ) Cash dividends paid (25 ) Issuance of common stock 38 Separation-related adjustments (5 ) Balance at September 30, 2017 $ 286 The Company’s equity as of December 31, 2015 and September 30, 2016 and changes during the nine months ended September 30, 2016 were as follows: Total Equity Balance at December 31, 2015 $ 1,277 Net income 97 Net transfers to parent company (933 ) Other comprehensive loss (4 ) Balance at September 30, 2016 $ 437

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Net (loss) earnings per common share: Basic $ (0.07 ) $ 1.17 $ 0.03 $ 2.99 Diluted $ (0.07 ) $ 1.17 $ 0.03 $ 2.99 Dividends declared per common share $ 0.25 $ — $ 0.75 $ — Numerator: Net (loss) income $ (3 ) $ 38 $ 1 $ 97 Denominator: Weighted average number of common shares outstanding 34.2 32.4 33.5 32.4 Dilutive options and awards — — 0.3 — Diluted weighted average number of common shares outstanding 34.2 32.4 33.8 32.4

Comprehensive Income (Tables)

Comprehensive Income (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2017 and 2016 were as follows: Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Before Tax Amount Income Tax Expense Net of Tax Amount Before Tax Amount Income Tax Expense Net of Tax Amount Translation adjustments $ 2 $ — $ 2 $ 20 $ — $ 20 Adjustment for net periodic pension plan cost 5 2 3 13 5 8 Other comprehensive income $ 7 $ 2 $ 5 $ 33 $ 5 $ 28 Three Months Ended September 30, 2016 Nine Months Ended September 30, 2016 Before Tax Amount Income Tax Expense Net of Tax Amount Before Tax Amount Income Tax Expense Net of Tax Amount Translation adjustments $ (2 ) $ — $ (2 ) $ (3 ) $ — $ (3 ) Adjustment for net periodic pension plan cost 1 — 1 4 5 (1 ) Other comprehensive (loss) income $ (1 ) $ — $ (1 ) $ 1 $ 5 $ (4 )
Schedule of Changes in Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss by component as of December 31, 2016 and September 30, 2017 and changes during the nine months ended September 30, 2017 were as follows: Pension Plan Cost Translation Adjustments Total Balance at December 31, 2016 $ (462 ) $ (69 ) $ (531 ) Other comprehensive income before reclassifications — 20 20 Amounts reclassified from accumulated other comprehensive loss 8 — 8 Net change in accumulated other comprehensive loss 8 20 28 Balance at September 30, 2017 $ (454 ) $ (49 ) $ (503 ) Accumulated other comprehensive loss by component as of December 31, 2015 and September 30, 2016 and changes during the nine months ended September 30, 2016, were as follows: Pension Plan Cost Translation Adjustments Total Balance at December 31, 2015 $ (46 ) $ (159 ) $ (205 ) Other comprehensive loss before reclassifications — (3 ) (3 ) Amounts reclassified from accumulated other comprehensive loss (1 ) — (1 ) Net change in accumulated other comprehensive loss (1 ) (3 ) (4 ) Balance at September 30, 2016 $ (47 ) $ (162 ) $ (209 )
Schedule of Reclassification From Accumulated Other Comprehensive Loss	Reclassification from accumulated other comprehensive loss for the three and nine months ended September 30, 2017 and 2016 were as follows: Three Months Ended September 30, Nine Months Ended September 30, Classification in the Condensed Consolidated & Combined 2017 2016 2017 2016 Statements of Operations Amortization of pension plan cost: Net actuarial loss $ 5 $ — $ 13 $ 1 (a) Settlement — — — 1 Reclassifications before tax 5 — 13 2 Income tax expense (benefit) 2 (1 ) 5 3 Reclassifications, net of tax $ 3 $ 1 $ 8 $ (1 ) (a) These accumulated other comprehensive income components are included in the calculation of net periodic pension plan (income) expense that is recognized substantially all in selling, general and administrative expenses in the condensed consolidated and combined statements of operations (see Note 7, Retirement Plans

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 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 September 30, 2017 Print $ 819 $ (10 ) $ 35 $ 9 Office Products 116 11 4 1 Total operating segments 935 1 39 10 Corporate — (8 ) — 5 Total operations $ 935 $ (7 ) $ 39 $ 15 Net Sales Income (loss) from Operations Depreciation and Amortization Capital Expenditures Three months ended September 30, 2016 Print $ 822 $ 48 $ 36 $ 14 Office Products 127 11 4 1 Total operating segments 949 59 40 15 Corporate — (2 ) — 1 Total operations $ 949 $ 57 $ 40 $ 16 Net Sales Income (loss) from Operations Assets of Operations Depreciation and Amortization Capital Expenditures Nine months ended September 30, 2017 Print $ 2,252 $ 24 $ 1,667 $ 106 $ 41 Office Products 352 32 316 11 3 Total operating segments 2,604 56 1,983 117 44 Corporate — (26 ) 90 1 7 Total operations $ 2,604 $ 30 $ 2,073 $ 118 $ 51 Net Sales Income (loss) from Operations Assets of Operations Depreciation and Amortization Capital Expenditures Nine months ended September 30, 2016 Print $ 2,338 $ 114 $ 1,602 $ 118 $ 28 Office Products 397 38 323 12 3 Total operating segments 2,735 152 1,925 130 31 Corporate — (4 ) 23 — 4 Total operations $ 2,735 $ 148 $ 1,948 $ 130 $ 35

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of the Company's Debt	The Company’s debt at September 30, 2017 and December 31, 2016 consisted of the following: September 30, 2017 December 31, 2016 Borrowings under the Revolving Credit Facility $ 140 $ — Term Loan Facility due September 30, 2022 (a) 304 353 8.75% Senior Secured Notes due October 15, 2023 450 450 Capital lease obligations 3 6 Unamortized debt issuance costs (13 ) (15 ) Total debt 884 794 Less: current portion (177 ) (52 ) Long-term debt $ 707 $ 742 (a) The borrowings under the Term Loan Facility are subject to a variable interest rate. As of September 30, 2017 and December 31, 2016, the interest rate was 7.24% and 7.00%, respectively.

Related Parties (Tables)

Related Parties (Tables)	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Allocation of Expense Reflected in the Condensed Combined Statements of Operations	These allocations were reflected as follows in the condensed combined statements of operations for the three and nine months ended September 30, 2016: Three Months Ended September 30, 2016 Nine Months Ended September 30, 2016 Costs of goods sold $ 25 $ 67 Selling, general and administrative 42 114 Depreciation and amortization 1 5 Total allocations from RRD $ 68 $ 186

Overview and Basis of Present35

Overview and Basis of Presentation - Narrative (Detail) $ in Millions	Mar. 28, 2017USD ($)shares	Oct. 01, 2016Entityshares	Sep. 30, 2017USD ($)
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 | $			$ 38
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 ($) shares in Millions	Sep. 07, 2017	Aug. 21, 2017	Aug. 17, 2017	Jul. 28, 2017	Mar. 01, 2017	Sep. 30, 2017	Mar. 31, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Business Acquisition [Line Items]
Goodwill						$ 82,000,000			$ 82,000,000		$ 84,000,000
Goodwill impairment non-cash charge						55,000,000			55,000,000
Acquisition-related expenses						2,000,000		$ 0	3,000,000	$ 0
Publishers Press
Business Acquisition [Line Items]
Purchase price of acquisition, cash	$ 70,000,000
Goodwill	$ 1,000,000
Business acquisition, net sales of acquiree since acquisition date						11,000,000			11,000,000
NECI
Business Acquisition [Line Items]
Purchase price of acquisition, cash		$ 5,000,000							0
Goodwill		$ 1,000,000
Business acquisition, net sales of acquiree since acquisition date						1,000,000			1,000,000
CREEL
Business Acquisition [Line Items]
Goodwill			$ 25,000,000
Business acquisition, net sales of acquiree since acquisition date						18,000,000			18,000,000
Purchase price, included in estimated contingent consideration			78,000,000
Estimated fair value of contingent consideration			1,000,000
Business acquisition, income (loss) from operations of acquiree since acquisition date						3,000,000			3,000,000
CREEL | Maximum
Business Acquisition [Line Items]
Contingent consideration in cash payments			$ 10,000,000						0
Fairrington
Business Acquisition [Line Items]
Purchase price of acquisition, cash				$ 20,000,000
Goodwill				$ 22,000,000
Business acquisition, net sales of acquiree since acquisition date						$ 11,000,000			11,000,000
Issuance of common stock shares for acquisitions of businesses				1		1
Aggregate purchase price of acquisition				$ 40,000,000
HudsonYards
Business Acquisition [Line Items]
Purchase price of acquisition, cash					$ 3,000,000
Goodwill					$ 2,000,000
Business acquisition, net sales of acquiree since acquisition date						$ 2,000,000			5,000,000
Business acquisition, income (loss) from operations of acquiree since acquisition date									(1,000,000)
2017 Acquisitions
Business Acquisition [Line Items]
Tax deductible goodwill						$ 33,000,000			$ 33,000,000
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 - Schedul

Business Combinations - Schedule of Preliminary Purchase Price Allocation for Acquisitions (Detail) - USD ($) $ in Millions	Sep. 30, 2017	Sep. 07, 2017	Aug. 17, 2017	Jul. 28, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Goodwill	$ 82				$ 84
Publishers Press
Business Acquisition [Line Items]
Accounts Receivable		$ 25
Inventories		13
Prepaid expenses and other current assets		2
Property, plant and equipment		36
Other intangible assets		0
Other noncurrent assets		0
Goodwill		1
Accounts payable and accrued liabilities		(8)
Deferred taxes-net		0
Total purchase price, net of cash acquired		69
Less: value of common stock issued		0
Net cash paid:		$ 69
CREEL
Business Acquisition [Line Items]
Accounts Receivable			$ 13
Inventories			5
Prepaid expenses and other current assets			1
Property, plant and equipment			19
Other intangible assets			22
Other noncurrent assets			0
Goodwill			25
Accounts payable and accrued liabilities			(7)
Deferred taxes-net			0
Total purchase price, net of cash acquired			78
Less: value of common stock issued			0
Net cash paid:			$ 78
Fairrington
Business Acquisition [Line Items]
Accounts Receivable				$ 6
Inventories				0
Prepaid expenses and other current assets				0
Property, plant and equipment				6
Other intangible assets				17
Other noncurrent assets				1
Goodwill				22
Accounts payable and accrued liabilities				(4)
Deferred taxes-net				(9)
Total purchase price, net of cash acquired				39
Less: value of common stock issued				20
Net cash paid:				$ 19

Business Combinations - Fair Va

Business Combinations - Fair Value, Valuation Techniques and Related Unobservable Inputs (Detail) - 2017 Acquisitions $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)
Customer Relationships
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair Value	$ 36
Customer Relationships | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair Value	$ 36
Valuation Technique	Relief-from-royalty-method
Customer Relationships | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring | Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Growth rate	(3.00%)
Attrition rate	6.00%
Discount rate	15.00%
Customer Relationships | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Growth rate	0.90%
Attrition rate	6.50%
Discount rate	23.00%
Trade Names
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair Value	$ 3
Trade Names | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair Value	$ 3
Valuation Technique	Multi-period excess earnings method
Trade Names | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring | Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Discount rate	15.00%
Royalty rate	1.00%
Trade Names | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Nonrecurring | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Discount rate	19.00%
Royalty rate	1.50%

Business Combinations - Pro For

Business Combinations - Pro Forma Financial Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Business Combinations [Abstract]
Net sales	$ 978	$ 1,052	$ 2,808	$ 3,034
Net (loss) income	$ (6)	$ 40	$ (8)	$ 97
Net (loss) earnings per common share
Basic	$ (0.18)	$ 1.20	$ (0.24)	$ 2.90
Diluted	$ (0.18)	$ 1.20	$ (0.24)	$ 2.90
Amortization of purchased intangibles	$ 5	$ 5	$ 15	$ 16

Business Combinations - Nonrecu

Business Combinations - Nonrecurring Pro Forma Adjustments Affecting Net Income (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Business Combinations [Abstract]
Acquisition-related expenses, pre-tax	$ (1)	$ 0	$ (1)	$ 0
Restructuring, impairment and other charges	0	0	(1)	0
Inventory fair value adjustments, pre-tax	1	0	1	(1)
Other pro forma adjustments, pre-tax	0	1	2	2
Income taxes	$ 0	$ 0	$ 1	$ (1)

Inventories - Components of the

Inventories - Components of the Company's Inventories (Detail) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Inventory Net [Abstract]
Raw materials and manufacturing supplies	$ 121	$ 100
Work in process	74	58
Finished goods	99	93
Last in, First out reserve ("LIFO")	(57)	(58)
Total	$ 237	$ 193

Property, Plant and Equipment -

Property, Plant and Equipment - Components of the Company's Property, Plant and Equipment (Detail) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Property Plant And Equipment [Abstract]
Land	$ 46	$ 42
Buildings	783	762
Machinery and equipment	4,133	4,173
Property, plant and equipment, gross	4,962	4,977
Accumulated depreciation	(4,350)	(4,369)
Total	$ 612	$ 608

Property, Plant and Equipment43

Property, Plant and Equipment - Narrative (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Property Plant And Equipment [Abstract]
Depreciation expense	$ 34	$ 35	$ 102	$ 112

Goodwill and Other Intangible44

Goodwill and Other Intangible Assets - Schedule of Changes in the Carrying Amount of Goodwill (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Goodwill [Line Items]
Goodwill gross	$ 1,024,000,000	$ 1,024,000,000	$ 961,000,000
Accumulated impairment losses	(942,000,000)	(942,000,000)	(877,000,000)
Goodwill	82,000,000	82,000,000	84,000,000
Acquisitions		53,000,000
Impairment charges	(55,000,000)	(55,000,000)
Print
Goodwill [Line Items]
Goodwill gross	914,000,000	914,000,000	852,000,000
Accumulated impairment losses	(863,000,000)	(863,000,000)	(798,000,000)
Goodwill	51,000,000	51,000,000	54,000,000	$ 0
Acquisitions		52,000,000
Impairment charges	(55,000,000)	(55,000,000)
Office Products
Goodwill [Line Items]
Goodwill gross	110,000,000	110,000,000	109,000,000
Accumulated impairment losses	(79,000,000)	(79,000,000)	(79,000,000)
Goodwill	$ 31,000,000	31,000,000	$ 30,000,000
Acquisitions		1,000,000
Impairment charges		$ 0

Goodwill and Other Intangible45

Goodwill and Other Intangible Assets - Narrative (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Schedule Of Other Intangible Assets [Line Items]
Goodwill impairment non-cash charge	$ 55		$ 55
Amortization expense for other intangible assets	4	$ 4	12	$ 13
2017 Acquisitions
Schedule Of Other Intangible Assets [Line Items]
Additions to other intangible assets	39		39
Print
Schedule Of Other Intangible Assets [Line Items]
Goodwill impairment non-cash charge	$ 55		$ 55

Goodwill and Other Intangible46

Goodwill and Other Intangible Assets - Components of Other Intangible Assets (Detail) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Schedule Of Other Intangible Assets [Line Items]
Gross Carrying Amount, amortizable intangible assets	$ 249	$ 210
Accumulated Amortization, amortizable intangible assets	(123)	(111)
Net Book Value, amortizable intangible assets	126	99
Gross Carrying Amount, total other intangible assets	281	242
Net Book Value, total other intangible assets	158	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	242	205
Accumulated Amortization, amortizable intangible assets	(120)	(109)
Net Book Value, amortizable intangible assets	122	96
Trade Names
Schedule Of Other Intangible Assets [Line Items]
Gross Carrying Amount, amortizable intangible assets	7	5
Accumulated Amortization, amortizable intangible assets	(3)	(2)
Net Book Value, amortizable intangible assets	$ 4	$ 3

Goodwill and Other Intangible47

Goodwill and Other Intangible Assets - Schedule of Other Intangible Assets Additions by Component (Detail) - 2017 Acquisitions - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Schedule Of Other Intangible Assets [Line Items]
Total additions	$ 39	$ 39
Customer Relationships
Schedule Of Other Intangible Assets [Line Items]
Amount		$ 36
Weighted Average Amortization Period		10 years 7 months 6 days
Trade Names
Schedule Of Other Intangible Assets [Line Items]
Amount		$ 3
Weighted Average Amortization Period		5 years

Goodwill and Other Intangible48

Goodwill and Other Intangible Assets - Schedule of Estimated Annual Amortization Expense Related to Other Intangible Assets (Detail) $ in Millions	Sep. 30, 2017USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2,017	$ 17
2,018	15
2,019	15
2,020	14
2,021	13
2022 and thereafter	64
Total	$ 138

Restructuring, Impairment and49

Restructuring, Impairment and Other Charges - Schedule of Net Restructuring, Impairment and Other Charges (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Restructuring Cost And Reserve [Line Items]
Employee Terminations	$ 0	$ 2	$ 7	$ 4
Other Restructuring Charges	4	1	22	4
Total Restructuring Charges	4	3	29	8
Impairment	55	(1)	55	0
Other Charges	1	1	3	3
Total	60	3	87	11
Total Operating Segments | Print
Restructuring Cost And Reserve [Line Items]
Employee Terminations	0	0	6	2
Other Restructuring Charges	2	1	5	4
Total Restructuring Charges	2	1	11	6
Impairment	55	(1)	55	0
Other Charges	1	1	3	3
Total	58	1	69	9
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	2	0	2
Other Restructuring Charges	2	0	17	0
Total Restructuring Charges	2	2	17	2
Impairment	0	0	0	0
Other Charges	0	0	0	0
Total	$ 2	$ 2	$ 17	$ 2

Restructuring, Impairment and50

Restructuring, Impairment and Other Charges - Narrative (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)Employee	Sep. 30, 2016USD ($)Employee	Sep. 30, 2017USD ($)Employee	Sep. 30, 2016USD ($)Employee	Dec. 31, 2016USD ($)
Restructuring Cost And Reserve [Line Items]
Other Restructuring Charges	$ 4,000,000	$ 1,000,000	$ 22,000,000	$ 4,000,000
Employee-related termination costs	0	2,000,000	$ 7,000,000	4,000,000
Number of employees used to determine employee termination costs | Employee			516
Goodwill	82,000,000		$ 82,000,000		$ 84,000,000
Goodwill impairment non-cash charge	55,000,000		55,000,000
Reversal of previously recorded impairment charges		1,000,000		0
Print
Restructuring Cost And Reserve [Line Items]
Goodwill	51,000,000	$ 0	51,000,000	$ 0	$ 54,000,000
Goodwill impairment non-cash charge	$ 55,000,000		$ 55,000,000
Termination One
Restructuring Cost And Reserve [Line Items]
Number of employees who were terminated as of date | Employee	450		450
Termination Two
Restructuring Cost And Reserve [Line Items]
Number of employees who were terminated as of date | Employee		48		48

Restructuring, Impairment and51

Restructuring, Impairment and Other Charges - Schedule of Changes in the Restructuring Reserve (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)
Restructuring Cost And Reserve [Line Items]
Balance at the beginning	$ 28
Restructuring Charges	24
Foreign Exchange and Other	0
Cash Paid	(28)
Balance at the end	24
Employee terminations
Restructuring Cost And Reserve [Line Items]
Balance at the beginning	8
Restructuring Charges	7
Foreign Exchange and Other	0
Cash Paid	(11)
Balance at the end	4
Lease terminations and other
Restructuring Cost And Reserve [Line Items]
Balance at the beginning	2
Restructuring Charges	16
Foreign Exchange and Other	0
Cash Paid	(14)
Balance at the end	4
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	(3)
Balance at the end	$ 16

Restructuring, Impairment and52

Restructuring, Impairment and Other Charges - Restructuring Reserve - Narrative (Detail) $ in Millions	Sep. 30, 2017USD ($)
Restructuring And Related Activities [Abstract]
Current restructuring reserve (included in accrued liabilities)	$ 11
Noncurrent restructuring reserve (included in noncurrent liabilities)	$ 13

Restructuring, Impairment and53

Restructuring, Impairment and Other Charges - Other Charges - Narrative (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Restructuring Cost And Reserve [Line Items]
Other Charges	$ 1	$ 1	$ 3	$ 3
Accrued liabilities	237		237		$ 237
Other noncurrent liabilities	103		103		$ 106
Multiemployer pension plan withdrawal obligations
Restructuring Cost And Reserve [Line Items]
Other Charges	1	$ 1	3	$ 3
Accrued liabilities	6		6
Other noncurrent liabilities	$ 37		$ 37

Retirement Plans - Narrative (D

Retirement Plans - Narrative (Detail) - USD ($) $ in Millions	Jun. 30, 2017	Oct. 01, 2016	Sep. 30, 2016	Jun. 30, 2016	Sep. 30, 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			$ 8		$ 28
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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Qualified
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 22	$ 2	$ 65	$ 5
Expected return on plan assets	(38)	(3)	(114)	(8)
Amortization, net	4	0	12	0
Settlement		0		1
Net periodic benefit (income) loss	(12)	(1)	(37)	(2)
Non-Qualified and International
Defined Benefit Plan Disclosure [Line Items]
Interest cost	0	2	2	5
Expected return on plan assets	0	(2)	0	(7)
Amortization, net	1	0	1	1
Settlement		0		0
Net periodic benefit (income) loss	$ 1	$ 0	$ 3	$ (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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Equity [Abstract]
Balance			$ 240	$ 1,277
Net income	$ (3)	$ 38	1	97
Net transfers to parent company				(933)
Other comprehensive income (loss)	5	(1)	28	(4)
Share-based compensation			10
Issuance of share-based awards, net of withholdings and other			(1)
Cash dividends paid			(25)
Issuance of common stock			38
Separation-related adjustments			(5)
Balance	$ 286	$ 437	$ 286	$ 437

Equity - Narrative (Detail)

Equity - Narrative (Detail) - USD ($) shares in Millions, $ in Millions	Jul. 28, 2017	Mar. 28, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017
Equity [Line Items]
Issuance of common stock, value					$ 38
Fairrington
Equity [Line Items]
Issuance of common stock, shares, acquisition	1		1
Issuance of common stock, value, acquisition	$ 20
Over-allotment Option
Equity [Line Items]
Issuance of common stock, shares		0.9
Issuance of common stock, value		$ 18
RRD
Equity [Line Items]
Cash dividend paid in connection with separation				$ 806

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Detail) - shares	Jul. 28, 2017	Mar. 28, 2017	Sep. 30, 2017	Sep. 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
Fairrington
Earnings Per Share [Line Items]
Issuance of common stock shares for acquisitions of businesses	1,000,000		1,000,000

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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net (loss) earnings per common share:
Basic	$ (0.07)	$ 1.17	$ 0.03	$ 2.99
Diluted	(0.07)	1.17	0.03	2.99
Dividends declared per common share	$ 0.25	$ 0	$ 0.75	$ 0
Numerator:
Net (loss) income	$ (3)	$ 38	$ 1	$ 97
Denominator:
Weighted average number of common shares outstanding	34.2	32.4	33.5	32.4
Dilutive options and awards	0	0	0.3	0
Diluted weighted average number of common shares outstanding	34.2	32.4	33.8	32.4

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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income, Before Tax Amount	$ 7	$ (1)	$ 33	$ 1
Other comprehensive income, Income Tax Expense	2	0	5	5
Other comprehensive income (loss)	5	(1)	28	(4)
Translation adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income, Before Tax Amount	2	(2)	20	(3)
Other comprehensive income, Income Tax Expense	0	0	0	0
Other comprehensive income (loss)	2	(2)	20	(3)
Pension Plan Cost
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive income, Before Tax Amount	5	1	13	4
Other comprehensive income, Income Tax Expense	2	0	5	5
Other comprehensive income (loss)	$ 3	$ 1	$ 8	$ (1)

Comprehensive Income - Schedu61

Comprehensive Income - Schedule of Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	$ 240	$ 1,277
Balance	286	437
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	8	(1)
Net change in accumulated other comprehensive loss	8	(1)
Balance	(454)	(47)
Translation adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(69)	(159)
Other comprehensive income (loss) before reclassifications	20	(3)
Amounts reclassified from accumulated other comprehensive loss	0	0
Net change in accumulated other comprehensive loss	20	(3)
Balance	(49)	(162)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Balance	(531)	(205)
Other comprehensive income (loss) before reclassifications	20	(3)
Amounts reclassified from accumulated other comprehensive loss	8	(1)
Net change in accumulated other comprehensive loss	28	(4)
Balance	$ (503)	$ (209)

Comprehensive Income - Schedu62

Comprehensive Income - Schedule of Reclassification From Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Amortization of Pension Plan Cost: Net Actuarial Loss
Reclassification from Accumulated Other Comprehensive Loss
Reclassifications before tax	[1]	$ 5	$ 0	$ 13	$ 1
Amortization of Pension Plan Cost: Settlement
Reclassification from Accumulated Other Comprehensive Loss
Reclassifications before tax		0	0	0	1
Accumulated Defined Benefit Plans Adjustment
Reclassification from Accumulated Other Comprehensive Loss
Reclassifications before tax		5	0	13	2
Income tax expense (benefit)		2	(1)	5	3
Reclassifications, net of tax		$ 3	$ 1	$ 8	$ (1)
[1]	These accumulated other comprehensive income components are included in the calculation of net periodic pension plan (income) expense that is recognized substantially all in selling, general and administrative expenses in the condensed consolidated and combined statements of operations (see Note 7, Retirement Plans).

Segment Information - Narrative

Segment Information - Narrative (Detail)	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting Information [Line Items]
Net Sales	$ 935	$ 949	$ 2,604	$ 2,735
Income (loss) from Operations	(7)	57	30	148
Assets of Operations	2,073	1,948	2,073	1,948
Depreciation and Amortization	39	40	118	130
Capital Expenditures	15	16	51	35
Total Operating Segments
Segment Reporting Information [Line Items]
Net Sales	935	949	2,604	2,735
Income (loss) from Operations	1	59	56	152
Assets of Operations	1,983	1,925	1,983	1,925
Depreciation and Amortization	39	40	117	130
Capital Expenditures	10	15	44	31
Total Operating Segments | Print
Segment Reporting Information [Line Items]
Net Sales	819	822	2,252	2,338
Income (loss) from Operations	(10)	48	24	114
Assets of Operations	1,667	1,602	1,667	1,602
Depreciation and Amortization	35	36	106	118
Capital Expenditures	9	14	41	28
Total Operating Segments | Office Products
Segment Reporting Information [Line Items]
Net Sales	116	127	352	397
Income (loss) from Operations	11	11	32	38
Assets of Operations	316	323	316	323
Depreciation and Amortization	4	4	11	12
Capital Expenditures	1	1	3	3
Corporate
Segment Reporting Information [Line Items]
Net Sales	0	0	0	0
Income (loss) from Operations	(8)	(2)	(26)	(4)
Assets of Operations	90	23	90	23
Depreciation and Amortization	0	0	1	0
Capital Expenditures	$ 5	$ 1	$ 7	$ 4

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Detail)	Sep. 30, 2017Facility
Commitments And Contingencies Disclosure [Abstract]
Number of sites cited as potentially responsible party	10
Number of previously and currently owned sites with potential remediation obligations	4

Debt - Schedule of the Company'

Debt - Schedule of the Company's Debt Obligations (Detail) - USD ($)		Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Debt Instrument [Line Items]
Capital lease obligations		$ 3,000,000	$ 6,000,000
Unamortized debt issuance costs		(13,000,000)	(15,000,000)
Total debt		884,000,000	794,000,000
Less: current portion		(177,000,000)	(52,000,000)
Long-term debt		707,000,000	742,000,000
Borrowings under the Revolving Credit Facility
Debt Instrument [Line Items]
Term Loan Facility		140,000,000	0
Term Loan Facility due September 30, 2022
Debt Instrument [Line Items]
Term Loan Facility	[1]	304,000,000	353,000,000
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
[1]	The borrowings under the Term Loan Facility are subject to a variable interest rate. As of September 30, 2017 and December 31, 2016, the interest rate was 7.24% and 7.00%, respectively.

Debt - Schedule of the Compan67

Debt - Schedule of the Company's Debt (Parenthetical) (Detail)	9 Months Ended
	Sep. 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	7.24%	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	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Debt Instrument [Line Items]
Amount of difference between fair value and book value				$ 24,000,000		$ 24,000,000		$ 22,000,000
Net interest expense				19,000,000	$ 1,000,000	$ 52,000,000	$ 0
Weighted average interest rate on borrowings						4.31%
Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility borrowings				140,000,000		$ 140,000,000		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		50,000,000		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		400,000,000		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	$ 450,000,000	$ 450,000,000	450,000,000
Debt instrument, interest rate			8.75%	8.75%	8.75%	8.75%	8.75%
Debt instrument, maturity date						Oct. 15, 2023
Debt instrument, interest payment terms						Interest on the Senior Notes is due semi-annually on April 15 and October 15, commencing on April 15, 2017.
Debt instrument, frequency of periodic interest payment						semi-annually
Debt instrument, initial date of interest payment						Apr. 15, 2017
Senior Secured Term Loan B Facility
Debt Instrument [Line Items]
Debt instrument, maturity date						Sep. 30, 2022
Amortization payments paid in advance		$ 50,000,000
Credit facility borrowings	[1]			$ 304,000,000		$ 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		$ 375,000,000		$ 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 September 30, 2017 and December 31, 2016, the interest rate was 7.24% 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	Sep. 30, 2016	Sep. 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	$ 43	$ 135
RRD’s subsidiaries
Related Party Transaction [Line Items]
Net revenues from related party sales			$ 32	$ 19	$ 40

Related Parties - Allocation of

Related Parties - Allocation of Expense Reflected in the Condensed Combined Statements of Operations (Detail) - RRD - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016
Related Party Transaction [Line Items]
Total allocations from RRD	$ 68	$ 186
Costs of Goods Sold
Related Party Transaction [Line Items]
Total allocations from RRD	25	67
Selling, General and Administrative Expenses
Related Party Transaction [Line Items]
Total allocations from RRD	42	114
Depreciation and Amortization
Related Party Transaction [Line Items]
Total allocations from RRD	$ 1	$ 5

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