User Configuration > Administrative Templates > Microsoft Word 2016 > Word Options > Display
User
HKCU\software\policies\microsoft\office\16.0\word\options\vprsu
This policy setting allows you to configure the "Print drawings created in Word" setting found under File tab | Options | Display | Printing options. If you enable this policy setting, Word will print graphics and floating text boxes. If you disable or do not configure this policy setting, Word will not print graphics or floating text boxes. Instead, Word will print a blank box in the place of each graphic and floating text box.