2021 Q4 Form 10-K Financial Statement

#000140807522000009 Filed on February 22, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $1.988B $1.782B $7.156B
YoY Change 20.33% 4.95% 9.09%
Cost Of Revenue $1.701B $1.502B $6.085B
YoY Change 22.35% 4.16% 11.45%
Gross Profit $287.0M $280.0M $1.071B
YoY Change 9.63% 9.59% -2.65%
Gross Profit Margin 14.44% 15.71% 14.97%
Selling, General & Admin $149.0M $128.0M $528.0M
YoY Change 25.74% 1.59% 2.92%
% of Gross Profit 51.92% 45.71% 49.3%
Research & Development $10.00M
YoY Change 0.0%
% of Gross Profit 0.93%
Depreciation & Amortization $133.0M $122.0M $489.0M
YoY Change 11.48% 0.83% 2.73%
% of Gross Profit 46.34% 43.57% 45.66%
Operating Expenses $145.0M $128.0M $538.0M
YoY Change 22.57% 1.59% 2.87%
Operating Profit $142.0M $121.0M $407.0M
YoY Change 8.9% 1.68% -22.33%
Interest Expense -$35.00M $29.00M $123.0M
YoY Change 8.02% -9.38% -4.65%
% of Operating Profit -24.65% 23.97% 30.22%
Other Income/Expense, Net $1.000M $1.000M $5.000M
YoY Change -242.86% 400.0% 400.0%
Pretax Income $49.00M $93.00M $289.0M
YoY Change -49.64% 6.9% 18.44%
Income Tax $10.00M $20.00M $74.00M
% Of Pretax Income 20.41% 21.51% 25.61%
Net Earnings $39.00M $73.00M $204.0M
YoY Change -39.25% 14.06% 22.16%
Net Earnings / Revenue 1.96% 4.1% 2.85%
Basic Earnings Per Share $0.24 $0.69
Diluted Earnings Per Share $126.0K $0.24 $0.68
COMMON SHARES
Basic Shares Outstanding 307.1M shares 308.3M shares 297.1M shares
Diluted Shares Outstanding 309.0M shares 297.9M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $172.0M $67.00M $172.0M
YoY Change -3.91% 20.72% -3.91%
Cash & Equivalents $172.0M $67.00M $172.0M
Short-Term Investments
Other Short-Term Assets $84.00M $78.00M $84.00M
YoY Change 42.37% 18.72% 41.89%
Inventory $1.387B $1.181B $1.387B
Prepaid Expenses
Receivables $785.0M $643.0M $785.0M
Other Receivables $74.00M $0.00 $74.00M
Total Short-Term Assets $2.502B $1.969B $2.502B
YoY Change 23.86% -2.45% 23.85%
LONG-TERM ASSETS
Property, Plant & Equipment $4.677B $4.020B $4.935B
YoY Change 31.38% 16.95% 30.96%
Goodwill $2.015B $68.00M
YoY Change 36.33% -95.37%
Intangibles $868.0M $446.0M
YoY Change 98.63% -0.4%
Long-Term Investments
YoY Change
Other Assets $395.0M $314.0M $137.0M
YoY Change 27.42% 1.78% 34.84%
Total Long-Term Assets $7.955B $6.319B $7.955B
YoY Change 37.51% 11.57% 37.53%
TOTAL ASSETS
Total Short-Term Assets $2.502B $1.969B $2.502B
Total Long-Term Assets $7.955B $6.319B $7.955B
Total Assets $10.46B $8.288B $10.46B
YoY Change 33.98% 7.89% 33.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.125B $890.0M $1.125B
YoY Change 36.36% 20.51% 36.36%
Accrued Expenses $645.0M $587.0M $593.0M
YoY Change 20.7% 20.93% 22.34%
Deferred Revenue
YoY Change
Short-Term Debt $9.000M $0.00 $9.000M
YoY Change 200.0% 172.73%
Long-Term Debt Due $263.0M $22.00M $270.0M
YoY Change -46.22% -95.56% -45.33%
Total Short-Term Liabilities $2.049B $1.499B $2.049B
YoY Change 10.4% -12.83% 10.36%
LONG-TERM LIABILITIES
Long-Term Debt $5.515B $4.132B $5.515B
YoY Change 75.25% 29.25% 75.25%
Other Long-Term Liabilities $282.0M $285.0M $421.0M
YoY Change -3.42% -3.65% -0.02%
Total Long-Term Liabilities $5.797B $4.417B $5.936B
YoY Change 68.57% 26.46% 66.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.049B $1.499B $2.049B
Total Long-Term Liabilities $5.797B $4.417B $5.936B
Total Liabilities $7.846B $5.916B $8.566B
YoY Change 48.18% 13.5% 34.26%
SHAREHOLDERS EQUITY
Retained Earnings $66.00M $51.00M
YoY Change -237.5% -198.08%
Common Stock $2.046B $2.032B
YoY Change 19.3% 17.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.891B $1.854B $1.891B
YoY Change
Total Liabilities & Shareholders Equity $10.46B $8.288B $10.46B
YoY Change 33.98% 7.89% 33.99%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income $39.00M $73.00M $204.0M
YoY Change -39.25% 14.06% 22.16%
Depreciation, Depletion And Amortization $133.0M $122.0M $489.0M
YoY Change 11.48% 0.83% 2.73%
Cash From Operating Activities $150.0M $154.0M $609.0M
YoY Change -65.56% -37.25% -26.18%
INVESTING ACTIVITIES
Capital Expenditures -$214.0M -$242.0M -$802.0M
YoY Change -2.99% 103.19% 24.09%
Acquisitions $1.704B
YoY Change 1308.26%
Other Investing Activities -$1.386B -$261.0M $5.000M
YoY Change -2888.73% -944.66% -37.5%
Cash From Investing Activities -$1.600B -$503.0M -$2.392B
YoY Change 836.22% 470.29% 269.14%
FINANCING ACTIVITIES
Cash Dividend Paid $92.00M
YoY Change -10.68%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $1.626B
YoY Change
Cash From Financing Activities 1.555B 328.0M $1.778B
YoY Change -1176.12% -274.56% -1269.74%
NET CHANGE
Cash From Operating Activities 150.0M 154.0M $609.0M
Cash From Investing Activities -1.600B -503.0M -$2.392B
Cash From Financing Activities 1.555B 328.0M $1.778B
Net Change In Cash 105.0M -21.00M -$7.000M
YoY Change -12.57% -31.6% -126.92%
FREE CASH FLOW
Cash From Operating Activities $150.0M $154.0M $609.0M
Capital Expenditures -$214.0M -$242.0M -$802.0M
Free Cash Flow $364.0M $396.0M $1.411B
YoY Change -44.52% 8.64% -4.1%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
26000000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
82000000 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
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
172000000 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
CY2021 gpk Noncash Consideration Beneficial Interest Sold In Exchange For Trade Receivables
NoncashConsiderationBeneficialInterestSoldInExchangeForTradeReceivables
121000000 USD
CY2020 gpk Noncash Consideration Beneficial Interest Sold In Exchange For Trade Receivables
NoncashConsiderationBeneficialInterestSoldInExchangeForTradeReceivables
135000000 USD
CY2019 gpk Noncash Consideration Beneficial Interest Sold In Exchange For Trade Receivables
NoncashConsiderationBeneficialInterestSoldInExchangeForTradeReceivables
-69000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
118000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
118000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
71000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
71000000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
73000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
11000000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
11000000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
16000000 USD
CY2021 gpk Non Cash Or Part Non Cash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed Financing Activities
NonCashOrPartNonCashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedFinancingActivities
-652000000 USD
CY2020 gpk Non Cash Or Part Non Cash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed Financing Activities
NonCashOrPartNonCashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedFinancingActivities
0 USD
CY2019 gpk Non Cash Or Part Non Cash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed Financing Activities
NonCashOrPartNonCashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumedFinancingActivities
0 USD
CY2020Q4 gpk Stock Repurchased During The Period Shares Units Required To Be Redeemed In Cash
StockRepurchasedDuringThePeriodSharesUnitsRequiredToBeRedeemedInCash
18200000 shares
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
CY2021Q2 gpk Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
66000000 USD
CY2021Q1 gpk Increase Decrease In Deferred Tax Liability
IncreaseDecreaseInDeferredTaxLiability
-175000000 USD
CY2021Q2 gpk Increase Decrease In Deferred Tax Liability
IncreaseDecreaseInDeferredTaxLiability
-175000000 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of net sales and expenses during the reporting periods. Actual results could differ from these estimates, and changes in these estimates are recorded when known. Estimates are used in accounting for, among other things, pension benefits, retained insurable risks, slow-moving and obsolete inventory, allowance for doubtful accounts, useful lives for depreciation and amortization, impairment testing of goodwill and long-lived assets, fair values related to acquisition accounting, fair value of derivative financial instruments, share based compensation, deferred income tax assets and potential income tax assessments, and loss contingencies.
CY2021Q4 us-gaap Transfer Of Financial Assets Accounted For As Sales Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesAmountDerecognized
2947000000 USD
CY2020Q4 us-gaap Transfer Of Financial Assets Accounted For As Sales Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesAmountDerecognized
2850000000 USD
CY2021Q4 gpk Transfer Of Financial Assets Accounted For As Sales Amount Collected By Financial Institution
TransferOfFinancialAssetsAccountedForAsSalesAmountCollectedByFinancialInstitution
2970000000 USD
CY2020Q4 gpk Transfer Of Financial Assets Accounted For As Sales Amount Collected By Financial Institution
TransferOfFinancialAssetsAccountedForAsSalesAmountCollectedByFinancialInstitution
2787000000 USD
CY2021Q4 gpk Transfer Of Financial Assets Accounted For As Sales Amount Funded By Financial Institution
TransferOfFinancialAssetsAccountedForAsSalesAmountFundedByFinancialInstitution
-6000000 USD
CY2020Q4 gpk Transfer Of Financial Assets Accounted For As Sales Amount Funded By Financial Institution
TransferOfFinancialAssetsAccountedForAsSalesAmountFundedByFinancialInstitution
55000000 USD
CY2021Q4 gpk Transfer Of Financial Assets Accounted For As Sales Receivable
TransferOfFinancialAssetsAccountedForAsSalesReceivable
4000000 USD
CY2020Q4 gpk Transfer Of Financial Assets Accounted For As Sales Receivable
TransferOfFinancialAssetsAccountedForAsSalesReceivable
5000000 USD
CY2021Q4 gpk Transfer Of Financial Assets Accounted For As Sales Pledged Receivable
TransferOfFinancialAssetsAccountedForAsSalesPledgedReceivable
180000000 USD
CY2020Q4 gpk Transfer Of Financial Assets Accounted For As Sales Pledged Receivable
TransferOfFinancialAssetsAccountedForAsSalesPledgedReceivable
201000000 USD
CY2021 gpk Transfer Of Financial Assets Accounted For As Sales Amount Sold
TransferOfFinancialAssetsAccountedForAsSalesAmountSold
693000000 USD
CY2020 gpk Transfer Of Financial Assets Accounted For As Sales Amount Sold
TransferOfFinancialAssetsAccountedForAsSalesAmountSold
368000000 USD
CY2021Q4 gpk Factoring Arrangement Amount Transferred Subject To Continuing Involvement
FactoringArrangementAmountTransferredSubjectToContinuingInvolvement
613000000 USD
CY2020Q4 gpk Factoring Arrangement Amount Transferred Subject To Continuing Involvement
FactoringArrangementAmountTransferredSubjectToContinuingInvolvement
621000000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Concentration of Credit Risk</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:11.25pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The Company’s cash, cash equivalents, and accounts receivable are potentially subject to concentration of credit risk. Cash and cash equivalents are placed with financial institutions that management believes are of high credit quality. Accounts receivable are derived from revenue earned from customers located in the U.S. and internationally and generally do not require collateral. For the years ended December 31, 2021, 2020, and 2019, no customer accounted for more than 10% of net sales.</span></div>
CY2021Q4 gpk Interest Costs Capitalization Threshold
InterestCostsCapitalizationThreshold
1000000 USD
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
14000000 USD
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
7000000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3000000 USD
CY2021 us-gaap Depreciation
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420000000 USD
CY2020 us-gaap Depreciation
Depreciation
414000000 USD
CY2019 us-gaap Depreciation
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388000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1602000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
734000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
868000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1106000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
669000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
437000000 USD
CY2021 us-gaap Adjustment For Amortization
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69000000 USD
CY2020 us-gaap Adjustment For Amortization
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62000000 USD
CY2019 us-gaap Adjustment For Amortization
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59000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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95000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
92000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
90000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
86000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
86000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
1478000000 USD
CY2020 us-gaap Goodwill Acquired During Period
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0 USD
CY2020Q4 us-gaap Asset Retirement Obligation
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11000000 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
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0 USD
CY2020Q4 us-gaap Goodwill
Goodwill
1478000000 USD
CY2021 us-gaap Goodwill Acquired During Period
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543000000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-6000000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
2015000000 USD
CY2021Q4 us-gaap Asset Retirement Obligation
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12000000 USD
CY2021 gpk Revenue Recognition Number Of Revenue Generating Activities
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2 revenueGeneratingActivity
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7131000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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6537000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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6141000000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
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17000000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
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15000000 USD
CY2021Q4 us-gaap Contract With Customer Liability
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61000000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
56000000 USD
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10000000 USD
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10000000 USD
CY2020Q2 gpk Multiemployer Plan Withdrawal Obligation Increase Decrease Amount
MultiemployerPlanWithdrawalObligationIncreaseDecreaseAmount
12000000 USD
CY2019 us-gaap Research And Development Expense
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9000000 USD
CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
84000000 USD
CY2020 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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CY2019 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
4000000 USD
CY2021 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
33000000 USD
CY2020 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
38000000 USD
CY2019 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
24000000 USD
CY2021 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
21000000 USD
CY2020 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
25000000 USD
CY2019 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
10000000 USD
CY2021 gpk Business Combinations And Shutdown And Other Special Charges Net
BusinessCombinationsAndShutdownAndOtherSpecialChargesNet
138000000 USD
CY2020 gpk Business Combinations And Shutdown And Other Special Charges Net
BusinessCombinationsAndShutdownAndOtherSpecialChargesNet
61000000 USD
CY2019 gpk Business Combinations And Shutdown And Other Special Charges Net
BusinessCombinationsAndShutdownAndOtherSpecialChargesNet
38000000 USD
CY2019 gpk Restructuring And Related Costs Term Of Program
RestructuringAndRelatedCostsTermOfProgram
P3Y
CY2021Q3 gpk Business Combination Number Of Converting Facilities Acquired
BusinessCombinationNumberOfConvertingFacilitiesAcquired
7 facility
CY2020Q2 gpk Number Of Converting Facilities
NumberOfConvertingFacilities
7 facility
CY2020 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
23420010 shares
CY2020Q4 us-gaap Share Price
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13.48
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
128000000 USD
CY2019 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
10191257 shares
CY2020Q4 us-gaap Multiemployer Plan Pension Insignificant Plan Contribution
MultiemployerPlanPensionInsignificantPlanContribution
4000000 USD
CY2019Q3 gpk Business Combination Number Of Facilities Acquired
BusinessCombinationNumberOfFacilitiesAcquired
2 facility
CY2019Q3 gpk Business Acquisition Number Of Mills Acquired
BusinessAcquisitionNumberOfMillsAcquired
1 mill
CY2017Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000 USD
CY2020 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
316000000 USD
CY2019Q4 us-gaap Share Price
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12.55
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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147000000 USD
CY2021 gpk Dividends Paid To External Parties
DividendsPaidToExternalParties
87000000 USD
CY2020 gpk Dividends Paid To External Parties
DividendsPaidToExternalParties
85000000 USD
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
803000000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
609000000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
18000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
12000000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
785000000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
597000000 USD
CY2021Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
74000000 USD
CY2020Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
57000000 USD
CY2021Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
859000000 USD
CY2020Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
654000000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
528000000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
1387000000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
1128000000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
471000000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
194000000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
133000000 USD
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
473000000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
349000000 USD
CY2021Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
192000000 USD
CY2020Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
175000000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
8718000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
7368000000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
4041000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
3808000000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
4677000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
3560000000 USD
CY2021Q4 us-gaap Derivative Liabilities Current
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0 USD
CY2020Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
9000000 USD
CY2021Q4 gpk Supply Commitment Liability Current
SupplyCommitmentLiabilityCurrent
7000000 USD
CY2020Q4 gpk Supply Commitment Liability Current
SupplyCommitmentLiabilityCurrent
0 USD
CY2021Q4 gpk Accrued Severance
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10000000 USD
CY2020Q4 gpk Accrued Severance
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3000000 USD
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
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23000000 USD
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
20000000 USD
CY2021Q4 us-gaap Deferred Revenue Current
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29000000 USD
CY2020Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
21000000 USD
CY2021Q4 us-gaap Customer Refund Liability Current
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41000000 USD
CY2020Q4 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
40000000 USD
CY2021Q4 gpk Accrued Income And Other Taxes Current
AccruedIncomeAndOtherTaxesCurrent
50000000 USD
CY2020Q4 gpk Accrued Income And Other Taxes Current
AccruedIncomeAndOtherTaxesCurrent
57000000 USD
CY2021Q4 gpk Other Accrued Payables
OtherAccruedPayables
56000000 USD
CY2020Q4 gpk Other Accrued Payables
OtherAccruedPayables
38000000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
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73000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
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61000000 USD
CY2021Q4 us-gaap Other Sundry Liabilities Current
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110000000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Current
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42000000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
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399000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
291000000 USD
CY2021Q4 us-gaap Deferred Revenue Noncurrent
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8000000 USD
CY2020Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
7000000 USD
CY2021Q4 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
8000000 USD
CY2020Q4 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
9000000 USD
CY2021Q4 gpk Supply Commitment Liability Noncurrent
SupplyCommitmentLiabilityNoncurrent
8000000 USD
CY2020Q4 gpk Supply Commitment Liability Noncurrent
SupplyCommitmentLiabilityNoncurrent
27000000 USD
CY2021Q4 gpk Multiemployer Plans Withdrawal Obligation Noncurrent
MultiemployerPlansWithdrawalObligationNoncurrent
19000000 USD
CY2020Q4 gpk Multiemployer Plans Withdrawal Obligation Noncurrent
MultiemployerPlansWithdrawalObligationNoncurrent
20000000 USD
CY2021Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
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21000000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
16000000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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193000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
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157000000 USD
CY2021Q4 us-gaap Other Sundry Liabilities Noncurrent
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25000000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Noncurrent
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56000000 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
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282000000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
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292000000 USD
CY2021 us-gaap Increase Decrease In Receivables
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106000000 USD
CY2020 us-gaap Increase Decrease In Receivables
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216000000 USD
CY2019 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
108000000 USD
CY2021 us-gaap Increase Decrease In Inventories
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80000000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-35000000 USD
CY2019 us-gaap Increase Decrease In Inventories
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73000000 USD
CY2021 us-gaap Increase Decrease In Other Current Assets
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12000000 USD
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
5000000 USD
CY2019 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
9000000 USD
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
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22000000 USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
22000000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
8000000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
77000000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
71000000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-9000000 USD
CY2021 us-gaap Increase Decrease In Employee Related Liabilities
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-15000000 USD
CY2020 us-gaap Increase Decrease In Employee Related Liabilities
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40000000 USD
CY2019 us-gaap Increase Decrease In Employee Related Liabilities
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13000000 USD
CY2021 us-gaap Increase Decrease In Income Taxes
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-6000000 USD
CY2020 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
7000000 USD
CY2019 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-4000000 USD
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
4000000 USD
CY2020 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
6000000 USD
CY2019 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
8000000 USD
CY2021 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
3000000 USD
CY2020 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
31000000 USD
CY2019 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
5000000 USD
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-72000000 USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
34000000 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
11000000 USD
CY2021 us-gaap Increase Decrease In Operating Capital
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229000000 USD
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CY2019 us-gaap Increase Decrease In Operating Capital
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CY2019 us-gaap Income Taxes Paid Net
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292000000 USD
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CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
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236000000 USD
CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
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CY2021Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2021Q4 us-gaap Finance Lease Liability Payments Due
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CY2020Q1 us-gaap Defined Benefit Plan Settlements Plan Assets
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154000000 USD
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20000000 USD
CY2021Q4 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
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1
CY2020Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
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1
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CY2020Q4 us-gaap Multiemployer Plans Withdrawal Obligation
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37000000 USD
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69000000 USD
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62000000 USD
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58000000 USD
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237000000 USD
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305000000 USD
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52000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
63000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
49000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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289000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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244000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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354000000 USD
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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CY2020 us-gaap Current Foreign Tax Expense Benefit
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CY2019 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2020 us-gaap Current Income Tax Expense Benefit
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CY2019 us-gaap Current Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
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61000000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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51000000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
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CY2020 gpk Effective Income Tax Rate Reconciliation Provision To Income Tax Return Adjustments Amount
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CY2020 gpk Effective Income Tax Rate Reconciliation Provision To Income Tax Return Adjustments Percent
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CY2019 gpk Effective Income Tax Rate Reconciliation Provision To Income Tax Return Adjustments Amount
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0 USD
CY2019 gpk Effective Income Tax Rate Reconciliation Provision To Income Tax Return Adjustments Percent
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.004
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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