$GPK
GRAPHIC PACKAGING HOLDING CO

2021 Q1 Form 10-Q Financial Statement

#000140807521000024 Filed on April 27, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $1.649B $1.599B
YoY Change 3.13% 6.18%
Cost Of Revenue $1.400B $1.278B
YoY Change 9.55% 3.08%
Gross Profit $249.0M $320.8M
YoY Change -22.38% 20.56%
Gross Profit Margin 15.1% 20.06%
Selling, General & Admin $126.0M $136.0M
YoY Change -7.35% 9.06%
% of Gross Profit 50.6% 42.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $117.0M $114.0M
YoY Change 2.63% -2.65%
% of Gross Profit 46.99% 35.54%
Operating Expenses $126.0M $136.0M
YoY Change -7.35% 9.06%
Operating Profit $108.0M $160.0M
YoY Change -32.5% 19.4%
Interest Expense $30.00M $34.00M
YoY Change -11.76% -2.86%
% of Operating Profit 27.78% 21.25%
Other Income/Expense, Net $2.000M $900.0K
YoY Change 122.22% -1000.0%
Pretax Income $80.00M -$25.00M
YoY Change -420.0% -125.28%
Income Tax $18.00M -$5.000M
% Of Pretax Income 22.5%
Net Earnings $54.00M -$13.00M
YoY Change -515.38% -122.45%
Net Earnings / Revenue 3.27% -0.81%
Basic Earnings Per Share $0.20 -$0.04
Diluted Earnings Per Share $0.19 -$0.04
COMMON SHARES
Basic Shares Outstanding 275.8M shares 288.9M shares
Diluted Shares Outstanding 277.2M shares 288.9M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $116.0M $110.2M
YoY Change 5.26% 76.89%
Cash & Equivalents $116.0M $110.2M
Short-Term Investments
Other Short-Term Assets $84.00M $60.30M
YoY Change 39.3% 10.24%
Inventory $1.125B $1.143B
Prepaid Expenses
Receivables $586.0M $624.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.911B $1.938B
YoY Change -1.41% 5.52%
LONG-TERM ASSETS
Property, Plant & Equipment $3.631B $3.288B
YoY Change 10.43% 2.6%
Goodwill $1.478B $1.464B
YoY Change 0.95% -0.27%
Intangibles $423.0M $460.5M
YoY Change -8.14% -9.31%
Long-Term Investments
YoY Change
Other Assets $304.0M $295.2M
YoY Change 2.98% 7.86%
Total Long-Term Assets $5.836B $5.508B
YoY Change 5.96% 0.98%
TOTAL ASSETS
Total Short-Term Assets $1.911B $1.938B
Total Long-Term Assets $5.836B $5.508B
Total Assets $7.747B $7.446B
YoY Change 4.04% 2.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $781.0M $625.7M
YoY Change 24.82% 2.11%
Accrued Expenses $485.0M $359.5M
YoY Change 34.91% 0.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $52.00M $49.10M
YoY Change 5.91% 0.2%
Total Short-Term Liabilities $1.318B $1.044B
YoY Change 26.25% 2.13%
LONG-TERM LIABILITIES
Long-Term Debt $3.787B $3.435B
YoY Change 10.26% 9.74%
Other Long-Term Liabilities $299.0M $279.2M
YoY Change 7.09% 5.6%
Total Long-Term Liabilities $4.086B $3.714B
YoY Change 10.03% 9.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.318B $1.044B
Total Long-Term Liabilities $4.086B $3.714B
Total Liabilities $5.404B $4.758B
YoY Change 13.58% 7.73%
SHAREHOLDERS EQUITY
Retained Earnings -$15.00M -$49.10M
YoY Change -69.45% -461.03%
Common Stock $1.782B $1.853B
YoY Change -3.81% -3.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.533B $1.507B
YoY Change
Total Liabilities & Shareholders Equity $7.747B $7.446B
YoY Change 4.04% 2.13%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $54.00M -$13.00M
YoY Change -515.38% -122.45%
Depreciation, Depletion And Amortization $117.0M $114.0M
YoY Change 2.63% -2.65%
Cash From Operating Activities $53.00M -$79.00M
YoY Change -167.09% -54.1%
INVESTING ACTIVITIES
Capital Expenditures -$146.0M -$153.1M
YoY Change -4.64% 91.38%
Acquisitions $0.00 $42.00M
YoY Change -100.0% 2000.0%
Other Investing Activities $2.000M $1.000M
YoY Change 100.0% 0.0%
Cash From Investing Activities -$120.0M -$176.0M
YoY Change -31.82% -507.41%
FINANCING ACTIVITIES
Cash Dividend Paid $24.00M $27.00M
YoY Change -11.11% -10.3%
Common Stock Issuance & Retirement, Net $0.00 $119.0M
YoY Change -100.0% 98.33%
Debt Paid & Issued, Net $1.221B $0.00
YoY Change -100.0%
Cash From Financing Activities $5.000M $218.0M
YoY Change -97.71% 80.91%
NET CHANGE
Cash From Operating Activities $53.00M -$79.00M
Cash From Investing Activities -$120.0M -$176.0M
Cash From Financing Activities $5.000M $218.0M
Net Change In Cash -$63.00M -$43.00M
YoY Change 46.51% 424.39%
FREE CASH FLOW
Cash From Operating Activities $53.00M -$79.00M
Capital Expenditures -$146.0M -$153.1M
Free Cash Flow $199.0M $74.10M
YoY Change 168.56% -180.46%

Facts In Submission

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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
1533000000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1424000000 USD
CY2021Q1 us-gaap Minority Interest
MinorityInterest
204000000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1737000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1840000000 USD
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7747000000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7805000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1840000000 USD
CY2021Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
62000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
4000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-10000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5000000 USD
CY2021Q1 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
15307000 shares
CY2021Q1 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
146000000 USD
CY2021Q1 us-gaap Dividends
Dividends
21000000 USD
CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
4000000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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-3000000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1737000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2057000000 USD
CY2020Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-15000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-1000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-146000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-56000000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
124000000 USD
CY2020Q1 us-gaap Dividends
Dividends
21000000 USD
CY2020Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
18000000 USD
CY2020Q1 gpk Noncontrolling Interest Tax Effect From Redemption
NoncontrollingInterestTaxEffectFromRedemption
7000000 USD
CY2020Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5000000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4000000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2010000000 USD
CY2020Q1 gpk Stock Repurchased During Period Not Settled Shares
StockRepurchasedDuringPeriodNotSettledShares
410400 shares
CY2021Q1 us-gaap Profit Loss
ProfitLoss
62000000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-20000000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
117000000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
114000000 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7000000 USD
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-19000000 USD
CY2021Q1 gpk Postretirement Benefit Period Expense Greater Less Than Funding
PostretirementBenefitPeriodExpenseGreaterLessThanFunding
-11000000 USD
CY2020Q1 gpk Postretirement Benefit Period Expense Greater Less Than Funding
PostretirementBenefitPeriodExpenseGreaterLessThanFunding
154000000 USD
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-23000000 USD
CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2021Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
145000000 USD
CY2020Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
337000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
53000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2021Q1 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
137000000 USD
CY2020Q1 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
147000000 USD
CY2021Q1 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
9000000 USD
CY2020Q1 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
7000000 USD
CY2021Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2020Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
42000000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
33000000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
24000000 USD
CY2021Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
5000000 USD
CY2020Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
3000000 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2000000 USD
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-120000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-176000000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
119000000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1225000000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
450000000 USD
CY2021Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1221000000 USD
CY2020Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2021Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
9000000 USD
CY2020Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
9000000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
150000000 USD
CY2020Q1 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
250000000 USD
CY2021Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
885000000 USD
CY2020Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1179000000 USD
CY2021Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
677000000 USD
CY2020Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
987000000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14000000 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
9000000 USD
CY2021Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5000000 USD
CY2020Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7000000 USD
CY2021Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
24000000 USD
CY2020Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
27000000 USD
CY2021Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2020Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
218000000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q1 gpk Stocks Repurchased During The Period Tax Receivable Agreement Expected Tax Basis Increase Percentage Of Tax Benefit Payable
StocksRepurchasedDuringThePeriodTaxReceivableAgreementExpectedTaxBasisIncreasePercentageOfTaxBenefitPayable
0.50
CY2021Q1 gpk Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
43000000 USD
CY2021Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
9300000 shares
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-43000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
179000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
153000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
116000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
110000000 USD
CY2021Q1 us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset
30000000 USD
CY2020Q1 us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset
30000000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
22000000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
14000000 USD
CY2021Q1 gpk Non Cash Or Part Non Cash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed Financing Activities
NonCashOrPartNonCashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedFinancingActivities
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CY2020Q1 gpk Non Cash Or Part Non Cash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed Financing Activities
NonCashOrPartNonCashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedFinancingActivities
0 USD
CY2020 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
32500000 shares
CY2020Q4 gpk Stock Repurchased During The Period Shares Units Required To Be Redeemed In Cash
StockRepurchasedDuringThePeriodSharesUnitsRequiredToBeRedeemedInCash
18200000 shares
CY2021Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
150000000 USD
CY2021Q1 gpk Increase Decrease In Deferred Tax Liability
IncreaseDecreaseInDeferredTaxLiability
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us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
44200000 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
44200000 shares
CY2021Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain reclassifications have been made to prior year amounts to conform to current year presentation.
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
In addition, the preparation of the Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual amounts could differ from those estimates and changes in these estimates are recorded when known.
CY2021Q1 gpk Revenue Recognition Number Of Revenue Generating Activities
RevenueRecognitionNumberOfRevenueGeneratingActivities
2 revenueGeneratingActivity
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1644000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1595000000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
16000000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
15000000 USD
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
50000000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
56000000 USD
CY2021Q1 us-gaap Transfer Of Financial Assets Accounted For As Sales Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesAmountDerecognized
758000000 USD
CY2020Q1 us-gaap Transfer Of Financial Assets Accounted For As Sales Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesAmountDerecognized
610000000 USD
CY2021Q1 gpk Transfer Of Financial Assets Accounted For As Sales Amount Collected By Financial Institution
TransferOfFinancialAssetsAccountedForAsSalesAmountCollectedByFinancialInstitution
685000000 USD
CY2020Q1 gpk Transfer Of Financial Assets Accounted For As Sales Amount Collected By Financial Institution
TransferOfFinancialAssetsAccountedForAsSalesAmountCollectedByFinancialInstitution
609000000 USD
CY2021Q1 gpk Transfer Of Financial Assets Accounted For As Sales Amount Funded By Paid To Financial Institution
TransferOfFinancialAssetsAccountedForAsSalesAmountFundedByPaidToFinancialInstitution
62000000 USD
CY2020Q1 gpk Transfer Of Financial Assets Accounted For As Sales Amount Funded By Paid To Financial Institution
TransferOfFinancialAssetsAccountedForAsSalesAmountFundedByPaidToFinancialInstitution
-5000000 USD
CY2021Q1 gpk Transfer Of Financial Assets Accounted For As Sales Receivable
TransferOfFinancialAssetsAccountedForAsSalesReceivable
9000000 USD
CY2020Q1 gpk Transfer Of Financial Assets Accounted For As Sales Receivable
TransferOfFinancialAssetsAccountedForAsSalesReceivable
7000000 USD
CY2021Q1 gpk Transfer Of Financial Assets Accounted For As Sales Pledged Receivable
TransferOfFinancialAssetsAccountedForAsSalesPledgedReceivable
160000000 USD
CY2020Q1 gpk Transfer Of Financial Assets Accounted For As Sales Pledged Receivable
TransferOfFinancialAssetsAccountedForAsSalesPledgedReceivable
264000000 USD
CY2021Q1 gpk Transfer Of Financial Assets Accounted For As Sales Amount Sold
TransferOfFinancialAssetsAccountedForAsSalesAmountSold
125000000 USD
CY2020Q1 gpk Transfer Of Financial Assets Accounted For As Sales Amount Sold
TransferOfFinancialAssetsAccountedForAsSalesAmountSold
72000000 USD
CY2021Q1 gpk Factoring Arrangement Amount Transferred Subject To Continuing Involvement
FactoringArrangementAmountTransferredSubjectToContinuingInvolvement
689000000 USD
CY2020Q4 gpk Factoring Arrangement Amount Transferred Subject To Continuing Involvement
FactoringArrangementAmountTransferredSubjectToContinuingInvolvement
621000000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.075
CY2021Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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CY2020Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2000000 USD
CY2021Q1 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
8000000 USD
CY2020Q1 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
4000000 USD
CY2021Q1 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
4000000 USD
CY2020Q1 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
13000000 USD
CY2021Q1 gpk Business Combinations And Shutdown And Other Special Charges Net
BusinessCombinationsAndShutdownAndOtherSpecialChargesNet
12000000 USD
CY2020Q1 gpk Business Combinations And Shutdown And Other Special Charges Net
BusinessCombinationsAndShutdownAndOtherSpecialChargesNet
19000000 USD
gpk Restructuring And Related Costs Term Of Program
RestructuringAndRelatedCostsTermOfProgram
P3Y
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
471000000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
471000000 USD
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
138000000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
133000000 USD
CY2021Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
337000000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
349000000 USD
CY2021Q1 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
179000000 USD
CY2020Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
175000000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
1125000000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
1128000000 USD
CY2021Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
138000000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
139000000 USD
CY2021Q1 us-gaap Other Long Term Debt
OtherLongTermDebt
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CY2020Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
5000000 USD
CY2021Q1 gpk Long Term Debt Gross And Finance Lease Liability Including Current Maturities
LongTermDebtGrossAndFinanceLeaseLiabilityIncludingCurrentMaturities
3858000000 USD
CY2020Q4 gpk Long Term Debt Gross And Finance Lease Liability Including Current Maturities
LongTermDebtGrossAndFinanceLeaseLiabilityIncludingCurrentMaturities
3663000000 USD
CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
45000000 USD
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
1200000 shares
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
494000000 USD
CY2021Q1 gpk Long Term Debt Gross And Finance Lease Liability
LongTermDebtGrossAndFinanceLeaseLiability
3813000000 USD
CY2020Q4 gpk Long Term Debt Gross And Finance Lease Liability
LongTermDebtGrossAndFinanceLeaseLiability
3169000000 USD
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
26000000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
22000000 USD
CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3787000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3147000000 USD
CY2021Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1689000000 USD
CY2021Q1 us-gaap Line Of Credit
LineOfCredit
297000000 USD
CY2021Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
1371000000 USD
CY2021Q1 gpk Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPlans
1 compensationPlan
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11000000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13000000 USD
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
800000 shares
CY2020Q1 us-gaap Defined Benefit Plan Settlements Plan Assets
DefinedBenefitPlanSettlementsPlanAssets
713000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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153000000 USD
CY2021Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3770000000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3625000000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
3720000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
3524000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
3000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-6000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-2000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-4000000 USD
CY2021Q1 us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
-2000000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18000000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
80000000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-25000000 USD
CY2021Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1000000 USD
CY2021Q1 gpk Increase Decrease In Deferred Tax Liability
IncreaseDecreaseInDeferredTaxLiability
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CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
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CY2021Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
8 paperboard_mill
CY2021Q1 us-gaap Revenues
Revenues
1649000000 USD
CY2020Q1 us-gaap Revenues
Revenues
1599000000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
108000000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
160000000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
117000000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
114000000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
54000000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
275800000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
288900000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1400000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
277200000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
288900000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1085683 shares
CY2021Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
6000000 USD
CY2021Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-3000000 USD
CY2021Q1 gpk Other Comprehensive Income Loss Net Of Tax Including Redeemable Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxIncludingRedeemableNoncontrollingInterest
9000000 USD
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
9000000 USD
CY2020Q1 us-gaap Restructuring Charges
RestructuringCharges
18000000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
12000000 USD
CY2021Q1 us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
4000000 USD
CY2021Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
4000000 USD
CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
12000000 USD
CY2021Q1 gpk Restructuring And Related Activities Number Of Mills Expected To Close
RestructuringAndRelatedActivitiesNumberOfMillsExpectedToClose
2 mill

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