v3.20.2

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2020

Mar. 31, 2020

Jun. 30, 2019

^[1]

Mar. 31, 2019

Jun. 30, 2020

Jun. 30, 2019

^[1]

Income Statement [Abstract]

Net sales

$ 532

$ 869

$ 1,233

$ 1,714

Type of Revenue [Extensible List]

lksd:ProductsAndServicesMember

lksd:ProductAndServicesMember

Cost of sales

$ 468

$ 750

$ 1,084

$ 1,485

Type of Cost, Good or Service [Extensible List]

lksd:ProductsAndServicesMember

lksd:ProductAndServicesMember

Selling, general and administrative expenses (exclusive of depreciation and amortization)

$ 61

$ 80

$ 136

$ 165

Restructuring, impairment and other charges-net (Note 8)

Depreciation and amortization

(Loss) from operations

(57)

(16)

(100)

(35)

Interest expense-net (Note 10)

Settlement of retirement benefit obligations (Note 12)

133

Investment and other (income)-net

(11)

(8)

(21)

(16)

Reorganization items, net (Note 2)

(Loss) before income taxes

(63)

(28)

(114)

(190)

Income tax (benefit) expense

(3)

(40)

Net (loss)

$ (63)

$ (52)

$ (25)

$ (125)

$ (115)

$ (150)

^[2]

Net (loss) per common share (Note 11)

Basic net (loss) per share

$ (1.86)

$ (0.72)

$ (3.42)

$ (4.49)

^[2]

Diluted net (loss) per share

$ (1.86)

$ (0.72)

$ (3.42)

$ (4.49)

^[2]

Weighted-average number of common shares outstanding:

Basic

33.7

33.5

33.6

33.4

^[2]

Diluted

33.7

33.5

33.6

33.4

^[2]

[1]	As Adjusted, see Impact of Change in Accounting Principle in Note 1
[2]	Overview and Basis of Presentation, for information on the restated balances for the three and six months ended June 30, 2019.

- Definition

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.2(a),(d))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

LSC Communications, Inc. 10-Q