2024 Q3 Form 10-K Financial Statement

#000174879024000022 Filed on August 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024
Revenue $3.353B $3.535B $13.64B
YoY Change -2.61% -3.76% -7.17%
Cost Of Revenue $2.694B $2.781B $10.93B
YoY Change -3.72% -5.76% -8.7%
Gross Profit $659.0M $754.0M $2.712B
YoY Change 2.17% 4.43% -0.48%
Gross Profit Margin 19.65% 21.33% 19.88%
Selling, General & Admin $315.0M $329.0M $1.260B
YoY Change 4.3% 0.0% 1.12%
% of Gross Profit 47.8% 43.63% 46.46%
Research & Development $28.00M $26.00M $106.0M
YoY Change 3.7% 4.0% 4.95%
% of Gross Profit 4.25% 3.45% 3.91%
Depreciation & Amortization $141.0M $147.0M $595.0M
YoY Change -5.37% -6.96% 1.54%
% of Gross Profit 21.4% 19.5% 21.94%
Operating Expenses $343.0M $344.0M $1.366B
YoY Change 4.26% 1.47% 1.41%
Operating Profit $312.0M $410.0M $1.214B
YoY Change 15.56% 7.05% -19.5%
Interest Expense -$75.00M -$78.00M $348.0M
YoY Change -188.24% 11.43% 20.0%
% of Operating Profit -24.04% -19.02% 28.67%
Other Income/Expense, Net -$1.000M $1.000M $3.000M
YoY Change 0.0% -133.33% 50.0%
Pretax Income $236.0M $318.0M $907.0M
YoY Change 21.65% 26.19% -27.5%
Income Tax $43.00M $56.00M $163.0M
% Of Pretax Income 18.22% 17.61% 17.97%
Net Earnings $191.0M $256.0M $730.0M
YoY Change 25.66% 43.02% -30.34%
Net Earnings / Revenue 5.7% 7.24% 5.35%
Basic Earnings Per Share $0.13 $0.51
Diluted Earnings Per Share $0.13 $0.18 $0.51
COMMON SHARES
Basic Shares Outstanding 1.445B shares 1.445B shares 1.445B shares
Diluted Shares Outstanding 1.444B shares 1.441B shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $432.0M $588.0M $588.0M
YoY Change -17.56% -14.66% -14.66%
Cash & Equivalents $432.0M $588.0M
Short-Term Investments
Other Short-Term Assets $605.0M $500.0M $500.0M
YoY Change 8.62% -5.84% -5.84%
Inventory $2.228B $2.031B $2.031B
Prepaid Expenses
Receivables $1.973B $1.846B $1.846B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.238B $4.965B $4.965B
YoY Change 3.01% -6.46% -6.46%
LONG-TERM ASSETS
Property, Plant & Equipment $4.412B $4.330B $4.330B
YoY Change 3.89% 0.81% 0.81%
Goodwill $5.385B $5.345B
YoY Change 0.65% -0.39%
Intangibles $1.368B $1.391B
YoY Change -7.69% -8.73%
Long-Term Investments
YoY Change
Other Assets $329.0M $311.0M $493.0M
YoY Change 3.46% 0.65% -3.33%
Total Long-Term Assets $11.67B $11.56B $11.56B
YoY Change 0.64% -1.16% -1.16%
TOTAL ASSETS
Total Short-Term Assets $5.238B $4.965B $4.965B
Total Long-Term Assets $11.67B $11.56B $11.56B
Total Assets $16.91B $16.52B $16.52B
YoY Change 1.36% -2.82% -2.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.380B $2.580B $2.580B
YoY Change 7.3% -4.09%
Accrued Expenses $333.0M $399.0M $513.0M
YoY Change 2.46% 0.76% 3.22%
Deferred Revenue
YoY Change
Short-Term Debt $115.0M $84.00M $84.00M
YoY Change 7.48% 5.0% 5.0%
Long-Term Debt Due $13.00M $12.00M $12.00M
YoY Change 18.18% -7.69% -7.69%
Total Short-Term Liabilities $4.068B $4.261B $4.261B
YoY Change 1.57% -4.8% -4.8%
LONG-TERM LIABILITIES
Long-Term Debt $7.176B $6.603B $6.603B
YoY Change 2.82% -0.75% -0.75%
Other Long-Term Liabilities $414.0M $418.0M $1.123B
YoY Change -8.2% -13.1% -3.85%
Total Long-Term Liabilities $8.849B $8.310B $7.726B
YoY Change 1.55% -1.51% -1.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.068B $4.261B $4.261B
Total Long-Term Liabilities $8.849B $8.310B $7.726B
Total Liabilities $12.92B $12.57B $12.64B
YoY Change 1.56% -2.65% -2.57%
SHAREHOLDERS EQUITY
Retained Earnings $890.0M $879.0M
YoY Change 5.83% 1.62%
Common Stock $4.044B $4.033B
YoY Change 1.18% -0.05%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.000M $11.00M
YoY Change -25.0% -8.33%
Treasury Stock Shares
Shareholders Equity $3.919B $3.881B $3.881B
YoY Change
Total Liabilities & Shareholders Equity $16.91B $16.52B $16.52B
YoY Change 1.36% -2.82% -2.82%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024
OPERATING ACTIVITIES
Net Income $191.0M $256.0M $730.0M
YoY Change 25.66% 43.02% -30.34%
Depreciation, Depletion And Amortization $141.0M $147.0M $595.0M
YoY Change -5.37% -6.96% 1.54%
Cash From Operating Activities -$269.0M $943.0M $1.321B
YoY Change 99.26% 1.18% 4.76%
INVESTING ACTIVITIES
Capital Expenditures $145.0M $134.0M $492.0M
YoY Change 16.94% -6.94% -6.46%
Acquisitions $11.00M $20.00M
YoY Change -42.11% -83.47%
Other Investing Activities -$10.00M $27.00M $16.00M
YoY Change -44.44% -268.75% -92.63%
Cash From Investing Activities -$155.0M -$107.0M -$476.0M
YoY Change 9.15% -33.13% 54.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $30.00M
YoY Change -89.93%
Debt Paid & Issued, Net $2.000M $16.00M
YoY Change -88.24% -95.15%
Cash From Financing Activities $237.0M -651.0M -$857.0M
YoY Change 68.09% -0.31% -16.39%
NET CHANGE
Cash From Operating Activities -$269.0M 943.0M $1.321B
Cash From Investing Activities -$155.0M -107.0M -$476.0M
Cash From Financing Activities $237.0M -651.0M -$857.0M
Net Change In Cash -$156.0M 185.0M -$101.0M
YoY Change -5.45% 55.46% -37.27%
FREE CASH FLOW
Cash From Operating Activities -$269.0M $943.0M $1.321B
Capital Expenditures $145.0M $134.0M $492.0M
Free Cash Flow -$414.0M $809.0M $829.0M
YoY Change 59.85% 2.66% 12.79%

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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Estimates and Assumptions Required:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    These estimates are based on historical experience and various assumptions believed to be reasonable under the circumstances. Management evaluates these estimates on an ongoing basis and adjusts or revises them as circumstances change. As future events and their impacts cannot be determined with precision, actual results may differ from these estimates. In the opinion of management, the consolidated financial statements reflect all adjustments necessary to fairly present the results of the periods presented.</span></div>
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FinanceLeaseRightOfUseAssetAmortization
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CY2024 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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CY2024 us-gaap Lease Cost
LeaseCost
154000000 usd
CY2023 us-gaap Lease Cost
LeaseCost
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CY2022 us-gaap Lease Cost
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150000000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
567000000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
533000000 usd
CY2024Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
57000000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
57000000 usd
CY2024Q2 amcr Lease Assets Total
LeaseAssetsTotal
624000000 usd
CY2023Q2 amcr Lease Assets Total
LeaseAssetsTotal
590000000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
114000000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
101000000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
488000000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
463000000 usd
CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
11000000 usd
CY2023Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
10000000 usd
CY2024Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
32000000 usd
CY2023Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
40000000 usd
CY2024Q2 amcr Lease Liabilities Total
LeaseLiabilitiesTotal
645000000 usd
CY2023Q2 amcr Lease Liabilities Total
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614000000 usd
CY2024Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
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CY2023Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
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CY2024 us-gaap Operating Lease Payments
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CY2023 us-gaap Operating Lease Payments
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118000000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
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CY2024 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
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CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
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CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
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CY2024 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
11000000 usd
CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
11000000 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5000000 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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44000000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
26000000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
55000000 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
3000000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
34000000 usd
CY2024 amcr Operating Lease Assets Obtained In Exchange For Lease Obligations Non Cash Modifications
OperatingLeaseAssetsObtainedInExchangeForLeaseObligationsNonCashModifications
73000000 usd
CY2023 amcr Operating Lease Assets Obtained In Exchange For Lease Obligations Non Cash Modifications
OperatingLeaseAssetsObtainedInExchangeForLeaseObligationsNonCashModifications
33000000 usd
CY2022 amcr Operating Lease Assets Obtained In Exchange For Lease Obligations Non Cash Modifications
OperatingLeaseAssetsObtainedInExchangeForLeaseObligationsNonCashModifications
88000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
132000000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
12000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
121000000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
7000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
104000000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
92000000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
2000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
74000000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
2000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
182000000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
24000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
705000000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
50000000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
103000000 usd
CY2024Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
7000000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
602000000 usd
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
43000000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y2M12D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2024Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y6M
CY2023Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y3M18D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036
CY2024Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.030
CY2023Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.030
CY2024Q2 us-gaap Forward Contract Indexed To Issuers Equity Indexed Shares
ForwardContractIndexedToIssuersEquityIndexedShares
6000000 shares
CY2024 us-gaap Forward Contract Indexed To Issuers Equity Forward Rate
ForwardContractIndexedToIssuersEquityForwardRate
12.11
CY2023Q2 us-gaap Forward Contract Indexed To Issuers Equity Indexed Shares
ForwardContractIndexedToIssuersEquityIndexedShares
9000000 shares
CY2023 us-gaap Forward Contract Indexed To Issuers Equity Forward Rate
ForwardContractIndexedToIssuersEquityForwardRate
12.39
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
907000000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1251000000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1115000000 usd
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
200000000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
250000000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
333000000 usd
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-57000000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
163000000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
193000000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000000 usd
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
226000000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
256000000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
212000000 usd
CY2024 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
54000000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
43000000 usd
CY2024 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
0 usd
CY2023 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
63000000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
0 usd
CY2024 amcr Effective Income Tax Rate Reconciliation Nondeductible Expense Nontaxable Items Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseNontaxableItemsAmount
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CY2023 amcr Effective Income Tax Rate Reconciliation Nondeductible Expense Nontaxable Items Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseNontaxableItemsAmount
16000000 usd
CY2022 amcr Effective Income Tax Rate Reconciliation Nondeductible Expense Nontaxable Items Amount
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseNontaxableItemsAmount
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CY2024 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3000000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4000000 usd
CY2024 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
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CY2023 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
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CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
62000000 usd
CY2024 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-6000000 usd
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-24000000 usd
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-19000000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
163000000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
193000000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000000 usd
CY2024 amcr Effective Income Tax Rate Reconciliation Tax Reform Increase Decrease Amount
EffectiveIncomeTaxRateReconciliationTaxReformIncreaseDecreaseAmount
15000000 usd
CY2024 amcr Effective Income Tax Rate Reconciliation Inflation Increase Decrease Amount
EffectiveIncomeTaxRateReconciliationInflationIncreaseDecreaseAmount
14000000 usd
CY2023 amcr Effective Income Tax Rate Reconciliation Foreign Currency Exchange Increase Decrease Amount
EffectiveIncomeTaxRateReconciliationForeignCurrencyExchangeIncreaseDecreaseAmount
25000000 usd
CY2022 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
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CY2024Q2 amcr Number Of Tax Jurisdictions In Which Entity Operates
NumberOfTaxJurisdictionsInWhichEntityOperates
40 tax_jurisdiction
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.180
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.154
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.269
CY2024Q2 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
15000000 usd
CY2023Q2 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
20000000 usd
CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
78000000 usd
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
70000000 usd
CY2024Q2 amcr Deferred Tax Assets Provisions
DeferredTaxAssetsProvisions
9000000 usd
CY2023Q2 amcr Deferred Tax Assets Provisions
DeferredTaxAssetsProvisions
4000000 usd
CY2024Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
345000000 usd
CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
332000000 usd
CY2024Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
31000000 usd
CY2023Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
37000000 usd
CY2024Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
50000000 usd
CY2023Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
46000000 usd
CY2024Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
528000000 usd
CY2023Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
509000000 usd
CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
403000000 usd
CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
400000000 usd
CY2024Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
125000000 usd
CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
109000000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
267000000 usd
CY2023Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
294000000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
245000000 usd
CY2023Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
259000000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
26000000 usd
CY2023Q2 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
25000000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
23000000 usd
CY2023Q2 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
13000000 usd
CY2024Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
561000000 usd
CY2023Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
591000000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
436000000 usd
CY2023Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
482000000 usd
CY2024Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
148000000 usd
CY2023Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
134000000 usd
CY2024Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
584000000 usd
CY2023Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
616000000 usd
CY2024Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
436000000 usd
CY2023Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
482000000 usd
CY2024 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
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CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
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CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
4000000 usd
CY2024Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
31000000 usd
CY2023Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
37000000 usd
CY2024Q2 amcr Deferred Taxes Not Provided For Dueto Indefinitely Reinvested Earnings
DeferredTaxesNotProvidedForDuetoIndefinitelyReinvestedEarnings
1700000000 usd
CY2024Q2 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfForeignSubsidiaries
23000000 usd
CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
104000000 usd
CY2024 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
17000000 usd
CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
13000000 usd
CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
12000000 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
155000000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
195000000 usd
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
133000000 usd
CY2024 amcr Unrecognized Tax Benefit Additions Basedon Current Year Tax Position
UnrecognizedTaxBenefitAdditionsBasedonCurrentYearTaxPosition
10000000 usd
CY2023 amcr Unrecognized Tax Benefit Additions Basedon Current Year Tax Position
UnrecognizedTaxBenefitAdditionsBasedonCurrentYearTaxPosition
12000000 usd
CY2022 amcr Unrecognized Tax Benefit Additions Basedon Current Year Tax Position
UnrecognizedTaxBenefitAdditionsBasedonCurrentYearTaxPosition
50000000 usd
CY2024 amcr Unrecognized Tax Benefit Additions For Tax Positionsof Prior Years
UnrecognizedTaxBenefitAdditionsForTaxPositionsofPriorYears
7000000 usd
CY2023 amcr Unrecognized Tax Benefit Additions For Tax Positionsof Prior Years
UnrecognizedTaxBenefitAdditionsForTaxPositionsofPriorYears
24000000 usd
CY2022 amcr Unrecognized Tax Benefit Additions For Tax Positionsof Prior Years
UnrecognizedTaxBenefitAdditionsForTaxPositionsofPriorYears
19000000 usd
CY2024 amcr Unrecognized Tax Benefit Reductions For Tax Positionsof Prior Years
UnrecognizedTaxBenefitReductionsForTaxPositionsofPriorYears
39000000 usd
CY2023 amcr Unrecognized Tax Benefit Reductions For Tax Positionsof Prior Years
UnrecognizedTaxBenefitReductionsForTaxPositionsofPriorYears
69000000 usd
CY2022 amcr Unrecognized Tax Benefit Reductions For Tax Positionsof Prior Years
UnrecognizedTaxBenefitReductionsForTaxPositionsofPriorYears
6000000 usd
CY2024 amcr Unrecognized Tax Benefit Reduction For Settlements
UnrecognizedTaxBenefitReductionForSettlements
2000000 usd
CY2023 amcr Unrecognized Tax Benefit Reduction For Settlements
UnrecognizedTaxBenefitReductionForSettlements
5000000 usd
CY2022 amcr Unrecognized Tax Benefit Reduction For Settlements
UnrecognizedTaxBenefitReductionForSettlements
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CY2024 amcr Unrecognized Tax Benefit Reductions Dueto Lapseof Statuteof Limitations
UnrecognizedTaxBenefitReductionsDuetoLapseofStatuteofLimitations
27000000 usd
CY2023 amcr Unrecognized Tax Benefit Reductions Dueto Lapseof Statuteof Limitations
UnrecognizedTaxBenefitReductionsDuetoLapseofStatuteofLimitations
2000000 usd
CY2022 amcr Unrecognized Tax Benefit Reductions Dueto Lapseof Statuteof Limitations
UnrecognizedTaxBenefitReductionsDuetoLapseofStatuteofLimitations
1000000 usd
CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
104000000 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
155000000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
195000000 usd
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
34000000 shares
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
32000000 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
54000000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
63000000 usd
CY2024Q2 amcr Unrecognized Share Based Compensation Expense
UnrecognizedShareBasedCompensationExpense
70000000 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
33000000 shares
CY2023Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
11.29
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
8000000 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
9.35
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
8000000 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
11.20
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
33000000 shares
CY2024Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
10.86
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
13000000 shares
CY2024Q2 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
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