2012 Q4 Form 8-K Financial Statement

#000007567714000025 Filed on May 09, 2014

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2012 Q2
Revenue $736.6M $723.5M $712.5M
YoY Change 12.57% 7.85% 7.06%
Cost Of Revenue $561.7M $560.9M $554.4M
YoY Change 8.0% 5.22% 4.88%
Gross Profit $170.8M $162.9M $159.2M
YoY Change 27.33% 18.28% 16.26%
Gross Profit Margin 23.19% 22.52% 22.34%
Selling, General & Admin $55.70M $51.53M $52.87M
YoY Change -14.44% 5.35% 9.7%
% of Gross Profit 32.61% 31.63% 33.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.40M $42.90M $42.50M
YoY Change 13.4% 4.38% 4.68%
% of Gross Profit 27.75% 26.33% 26.7%
Operating Expenses $59.30M $51.53M $52.87M
YoY Change -10.69% 5.35% 9.7%
Operating Profit $94.90M $91.89M $85.00M
YoY Change 39.95% 29.1% 25.26%
Interest Expense -$26.60M -$30.59M -$9.600M
YoY Change 186.02% 356.57% 52.38%
% of Operating Profit -28.03% -33.29% -11.29%
Other Income/Expense, Net
YoY Change
Pretax Income $89.00M $61.48M $70.60M
YoY Change 52.14% -4.61% 14.73%
Income Tax $28.00M $21.69M $25.45M
% Of Pretax Income 31.46% 35.28% 36.04%
Net Earnings $58.88M $39.68M $45.85M
YoY Change 49.19% -5.02% 16.48%
Net Earnings / Revenue 7.99% 5.48% 6.44%
Basic Earnings Per Share $0.61 $0.41 $0.48
Diluted Earnings Per Share $0.60 $0.41 $0.47
COMMON SHARES
Basic Shares Outstanding 98.20M shares 96.36M shares 96.27M shares
Diluted Shares Outstanding 97.35M shares 97.41M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $207.4M $140.9M $515.1M
YoY Change 32.69% 251.37% 332.13%
Cash & Equivalents $207.4M $140.9M $515.1M
Short-Term Investments
Other Short-Term Assets $43.20M $60.90M $72.60M
YoY Change -46.73% 29.85% 17.67%
Inventory $332.3M $260.8M $258.6M
Prepaid Expenses
Receivables $352.1M $379.7M $353.5M
Other Receivables $65.50M $82.60M $85.80M
Total Short-Term Assets $978.2M $924.8M $1.286B
YoY Change 20.46% 38.06% 73.2%
LONG-TERM ASSETS
Property, Plant & Equipment $1.366B $1.376B $1.394B
YoY Change -7.49% -4.04% -0.55%
Goodwill $67.20M $71.56M $71.56M
YoY Change 15.44%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $45.22M $47.55M $44.93M
YoY Change 11.59% -16.29% 0.28%
Total Long-Term Assets $1.517B $1.530B $1.546B
YoY Change -7.67% -2.08% 1.91%
TOTAL ASSETS
Total Short-Term Assets $978.2M $924.8M $1.286B
Total Long-Term Assets $1.517B $1.530B $1.546B
Total Assets $2.495B $2.455B $2.831B
YoY Change 1.63% 9.96% 25.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $117.5M $147.3M $134.1M
YoY Change -24.12% -16.63% -29.34%
Accrued Expenses $122.7M $114.8M $103.0M
YoY Change -24.85% -0.3% -2.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M $15.00M $414.7M
YoY Change 0.0% -86.33% 277.99%
Total Short-Term Liabilities $262.3M $307.3M $689.9M
YoY Change -30.34% -27.19% 62.07%
LONG-TERM LIABILITIES
Long-Term Debt $778.6M $782.4M $786.1M
YoY Change -1.87% 37.09% 37.72%
Other Long-Term Liabilities $29.23M $28.82M $28.39M
YoY Change -2.13% -89.19% -87.79%
Total Long-Term Liabilities $1.224B $1.208B $1.219B
YoY Change 10.6% 44.25% 51.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $262.3M $307.3M $689.9M
Total Long-Term Liabilities $1.224B $1.208B $1.219B
Total Liabilities $1.487B $1.515B $1.909B
YoY Change 0.21% 20.32% 54.18%
SHAREHOLDERS EQUITY
Retained Earnings $742.5M $670.2M $661.6M
YoY Change 10.17%
Common Stock $379.8M $371.9M $364.2M
YoY Change 7.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.008B $940.1M $922.7M
YoY Change
Total Liabilities & Shareholders Equity $2.495B $2.455B $2.831B
YoY Change 3.42% 9.96% 25.33%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income $58.88M $39.68M $45.85M
YoY Change 49.19% -5.02% 16.48%
Depreciation, Depletion And Amortization $47.40M $42.90M $42.50M
YoY Change 13.4% 4.38% 4.68%
Cash From Operating Activities $152.4M $101.8M $115.1M
YoY Change 40.2% 42.18% 13.74%
INVESTING ACTIVITIES
Capital Expenditures -$34.00M -$24.70M -$34.70M
YoY Change -49.55% -66.71% -59.13%
Acquisitions
YoY Change
Other Investing Activities $100.0K $0.00 $57.50M
YoY Change -100.46% -100.0% -314.55%
Cash From Investing Activities -$34.00M -$24.60M $22.80M
YoY Change -61.84% -70.33% -120.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -51.90M -451.4M 293.2M
YoY Change -153.78% 566.77% -775.58%
NET CHANGE
Cash From Operating Activities 152.4M 101.8M 115.1M
Cash From Investing Activities -34.00M -24.60M 22.80M
Cash From Financing Activities -51.90M -451.4M 293.2M
Net Change In Cash 66.50M -374.2M 431.1M
YoY Change -42.72% 373.67% -899.81%
FREE CASH FLOW
Cash From Operating Activities $152.4M $101.8M $115.1M
Capital Expenditures -$34.00M -$24.70M -$34.70M
Free Cash Flow $186.4M $126.5M $149.8M
YoY Change 5.85% -13.24% -19.51%

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19521000 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2715000 USD
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2012Q4 us-gaap Deferred Tax Liabilities
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245147000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
663339000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Current
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2414000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
0 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
111865000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
7267000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
1026000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates
1119000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
125109000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
434835000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
2208000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
0 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
519718000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
210486000 USD
CY2013 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1
-483000 USD
CY2013 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Service And Interest Cost Components1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1
-45000 USD
CY2013 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation
540000 USD
CY2013 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
52000 USD
CY2012Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
238359000 USD
CY2013Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
772082000 USD
CY2013 us-gaap Defined Benefit Plan Future Amortization Of Prior Service Cost Credit
DefinedBenefitPlanFutureAmortizationOfPriorServiceCostCredit
7100000 USD
CY2011 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear
0.08
CY2012 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear
0.08
CY2013 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear
0.0775
CY2013Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
798000000 USD
CY2011 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0 USD
CY2012 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0 USD
CY2013 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
-10908000 USD
CY2013 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
0.05
CY2011 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
0.055
CY2012 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
0.05
CY2011Q4 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearThatRateReachesUltimateTrendRate
2016
CY2013Q4 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearThatRateReachesUltimateTrendRate
2020
CY2012Q4 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearThatRateReachesUltimateTrendRate
2020
CY2012 us-gaap Depreciation
Depreciation
166000000 USD
CY2011 us-gaap Depreciation
Depreciation
161500000 USD
CY2013 us-gaap Depreciation
Depreciation
191200000 USD
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
163600000 USD
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
170800000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
201800000 USD
CY2011 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1800000 USD
CY2013 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-5700000 USD
CY2012 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-3000000 USD
CY2013 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Derivative Instruments and Hedging Activities </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company records its derivatives, if any, in accordance with ASC&#160;815, &#8220;Derivatives and Hedging.&#8221; The guidance requires the Company to recognize derivative instruments as either assets or liabilities on the balance sheet at fair value. The accounting for changes in the fair value of a derivative depends on the intended use and designation of the derivative instrument. For a derivative designated as a fair value hedge, the gain or loss on the derivative is recognized in earnings in the period of change in fair value together with the offsetting gain or loss on the hedged item. For a derivative instrument designated as a cash flow hedge, the effective portion of the derivative&#8217;s gain or loss is initially reported as a component of accumulated other comprehensive income (loss) (&#8220;AOCI&#8221;) and is subsequently recognized in earnings when the hedged exposure affects earnings. The ineffective portion of the gain or loss is recognized in earnings. We were not party to any derivative-based arrangements at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2012</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2011 us-gaap Dividends Common Stock Cash
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80307000 USD
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
98128000 USD
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
148404000 USD
CY2012Q4 us-gaap Dividends Payable Current
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0 USD
CY2013Q4 us-gaap Dividends Payable Current
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39297000 USD
CY2013 us-gaap Earnings Per Share Basic
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4.57
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.66
CY2011 us-gaap Earnings Per Share Basic
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1.60
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.65
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.36
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.69
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.41
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.52
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.58
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.64
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.34
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.87
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.60
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.68
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
27441000 USD
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y9M18D
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5728000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4543000 USD
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3784000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
7802000 USD
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
4016000 USD
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1232000 USD
CY2013Q4 us-gaap Extinguishment Of Debt Amount
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953600000 USD
CY2012 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P16Y5M13D
CY2013 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P15Y4M10D
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10968000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17412000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
22100000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
21700000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
21900000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
21900000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
22000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
327951000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
49251000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
310539000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
38283000 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets
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-13192000 USD
CY2011 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-12726000 USD
CY2012 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-10821000 USD
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-7137000 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-9377000 USD
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-7298000 USD
CY2013 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2011 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2012 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-21296000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
67160000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
526789000 USD
CY2011Q4 us-gaap Goodwill
Goodwill
58214000 USD
CY2012 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
14098000 USD
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
459629000 USD
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
85671000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
131147000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
148260000 USD
CY2013 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-1836000 USD
CY2012 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-5152000 USD
CY2012 us-gaap Gross Profit
GrossProfit
634735000 USD
CY2013 us-gaap Gross Profit
GrossProfit
867455000 USD
CY2011 us-gaap Gross Profit
GrossProfit
543295000 USD
CY2013Q1 us-gaap Gross Profit
GrossProfit
185246000 USD
CY2012Q3 us-gaap Gross Profit
GrossProfit
162922000 USD
CY2013Q2 us-gaap Gross Profit
GrossProfit
195250000 USD
CY2013Q3 us-gaap Gross Profit
GrossProfit
227599000 USD
CY2013Q4 us-gaap Gross Profit
GrossProfit
259360000 USD
CY2012Q2 us-gaap Gross Profit
GrossProfit
159160000 USD
CY2012Q1 us-gaap Gross Profit
GrossProfit
141834000 USD
CY2012Q4 us-gaap Gross Profit
GrossProfit
170819000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
244776000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
374703000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
423600000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17729000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
85971000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
214463000 USD
CY2013 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
11712000 USD
CY2011 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
7670000 USD
CY2012 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
7155000 USD
CY2012 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-132000 USD
CY2011 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
417000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
13565000 USD
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7553000 USD
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8908000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
-81695000 USD
CY2011 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
0 USD
CY2013 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
166006000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
52700000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
9700000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
90700000 USD
CY2012Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
65488000 USD
CY2013Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
22958000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-694000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-40448000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
54222000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16946000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
31191000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
24995000 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-54807000 USD
CY2011 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
6052000 USD
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2308000 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6356000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-25036000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9605000 USD
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
616000 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
835000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1914000 USD
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1095000 shares
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1113000 shares
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
968000 shares
CY2013 us-gaap Interest Costs Capitalized
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1700000 USD
CY2012 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
800000 USD
CY2011 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
7100000 USD
CY2013 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-58275000 USD
CY2011 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-29245000 USD
CY2012 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-62900000 USD
CY2012Q4 us-gaap Interest Payable Current
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3676000 USD
CY2013Q4 us-gaap Interest Payable Current
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9722000 USD
CY2012Q4 us-gaap Inventory Finished Goods
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78788000 USD
CY2013Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
209972000 USD
CY2012Q4 us-gaap Inventory Net
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332268000 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
594291000 USD
CY2013Q4 us-gaap Inventory Raw Materials
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212027000 USD
CY2012Q4 us-gaap Inventory Raw Materials
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125909000 USD
CY2012Q4 us-gaap Inventory Work In Process
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8287000 USD
CY2013Q4 us-gaap Inventory Work In Process
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13898000 USD
CY2012 us-gaap Lease And Rental Expense
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49400000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
56000000 USD
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
46100000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
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5243779000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2494941000 USD
CY2012Q4 us-gaap Liabilities Current
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262260000 USD
CY2013Q4 us-gaap Liabilities Current
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660539000 USD
CY2013Q4 us-gaap Liabilities Noncurrent
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3226420000 USD
CY2012Q4 us-gaap Liabilities Noncurrent
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1224461000 USD
CY2013Q4 us-gaap Line Of Credit Facility Expiration Date1
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2016-10-11
CY2012Q4 us-gaap Long Term Debt
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793630000 USD
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
2547845000 USD
CY2012Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
15000000 USD
CY2013Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
39000000 USD
CY2013Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1258300000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1700000000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
39000000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
546500000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
104000000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
71500000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
71500000 USD
CY2012Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
778630000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2508845000 USD
CY2013 us-gaap Long Term Purchase Commitment Time Period
LongTermPurchaseCommitmentTimePeriod
periods ranging from one to 15 years
CY2013Q4 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
1247800000 USD
CY2010Q4 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
5
CY2010Q4 us-gaap Loss Contingency Parties Jointly And Severally Liable In Litigation
LossContingencyPartiesJointlyAndSeverallyLiableInLitigation
PCA and eight other U.S. and Canadian containerboard producers were named as defendants
CY2013 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nature of Operations and Basis of Presentation</font><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Packaging Corporation of America ("we", "us", "our", PCA" or the "Company") was incorporated on January 25, 1999. In April 1999, PCA acquired the containerboard and corrugated packaging products business of Pactiv Corporation ("Pactiv"), formerly known as Tenneco Packaging, Inc., a wholly owned subsidiary of Tenneco Inc. On </font><font style="font-family:inherit;font-size:10pt;">October&#160;25, 2013</font><font style="font-family:inherit;font-size:10pt;">, PCA acquired Boise Inc. ("Boise"). For more information, see Note </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">3</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Acquisitions</font><font style="font-family:inherit;font-size:10pt;">. After the acquisition of Boise, we became a large diverse manufacturer of both packaging and paper products. We are headquartered in Lake Forest, Illinois, and we operate largely in the United States but also have operations in Europe, Mexico, and Canada. We have approximately </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-weight:normal;text-decoration:none;">13,600</font><font style="font-family:inherit;font-size:10pt;"> employees.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">After the acquisition of Boise, we began reporting our business in </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> reportable segments: Packaging, Paper, and Corporate and Other. Our Packaging segment produces a wide variety of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers (collectively, white papers), and market pulp. Corporate and other includes support staff services and related assets and liabilities, transportation assets, and activity related to other ancillary support operations. For more information about our segments, see Note </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">19</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Segment Information</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In these consolidated financial statements, certain amounts in prior periods' consolidated financial statements have been reclassified to conform with the current period presentation. In accordance with Accounting Standards Codification (&#8220;ASC&#8221;) 280, "Segment Reporting," we recast 2012 and 2011 segment information to conform with the current year presentation. For more information see Note </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">19</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">Segment Information</font><font style="font-family:inherit;font-size:10pt;">. In addition, we reclassified amounts previously disclosed in "Corporate overhead" in the 2012 and 2011 Consolidated Statements of Income into "Selling, general, and administrative expenses" given that Corporate and Other is now disclosed separately in our segment information as discussed above. None of the reclassifications affected our results of operations, financial position, or cash flows.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated financial statements include the accounts of PCA and its majority-owned subsidiaries after elimination of intercompany balances and transactions. Boise's results are included in our results for the period of </font><font style="font-family:inherit;font-size:10pt;">October&#160;25, 2013</font><font style="font-family:inherit;font-size:10pt;">, through </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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CY2011 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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CY2011 us-gaap Net Cash Provided By Used In Operating Activities
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CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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CY2013 us-gaap Net Income Loss
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CY2012 us-gaap Net Income Loss
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CY2011 us-gaap Net Income Loss
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CY2013Q2 us-gaap Net Income Loss
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CY2012Q3 us-gaap Net Income Loss
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CY2012Q4 us-gaap Net Income Loss
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CY2013Q4 us-gaap Net Income Loss
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228101000 USD
CY2012Q2 us-gaap Net Income Loss
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45854000 USD
CY2013Q1 us-gaap Net Income Loss
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CY2013 us-gaap Number Of Reportable Segments
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CY2013Q4 us-gaap Other Assets Noncurrent
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CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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32128000 USD
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CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-16264000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
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49018000 USD
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0 USD
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-24134000 USD
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CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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968000 USD
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119284000 USD
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158394000 USD
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29229000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
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CY2011 us-gaap Other Operating Activities Cash Flow Statement
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-4761000 USD
CY2013 us-gaap Other Operating Activities Cash Flow Statement
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CY2012 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-11789000 USD
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-10723000 USD
CY2011 us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
-9910000 USD
CY2013 us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
0 USD
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65500000 USD
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7799000 USD
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125027000 USD
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45162000 USD
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109145000 USD
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117851000 USD
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76012000 USD
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19419000 USD
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2041000 USD
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876000 USD
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10955000 USD
CY2011 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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0 USD
CY2012 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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0 USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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1174506000 USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
35393000 USD
CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
57340000 USD
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1070000 USD
CY2011 us-gaap Payments To Acquire Other Productive Assets
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13055000 USD
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3134000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
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234422000 USD
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128524000 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
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280213000 USD
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20915000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
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32101000 USD
CY2011 us-gaap Proceeds From Issuance Of Long Term Debt
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150000000 USD
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
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397044000 USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
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1998145000 USD
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71000 USD
CY2012 us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
CY2011 us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
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78000 USD
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
443000 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
654000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
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CY2012 us-gaap Proceeds From Stock Options Exercised
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19898000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
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2848000 USD
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5232700000 USD
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3640792000 USD
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2805704000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
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1366069000 USD
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-16890000 USD
CY2013Q4 us-gaap Related Parties Amount In Cost Of Sales
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3700000 USD
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437184000 USD
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670000 USD
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1074774000 USD
CY2012 us-gaap Research And Development Expense
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11300000 USD
CY2011 us-gaap Research And Development Expense
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12500000 USD
CY2013 us-gaap Research And Development Expense
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11500000 USD
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1019101000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
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742487000 USD
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2620100000 USD
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2843900000 USD
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3665300000 USD
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2620111000 USD
CY2012 us-gaap Sales Revenue Net
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2843877000 USD
CY2013 us-gaap Sales Revenue Net
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3665308000 USD
CY2012Q4 us-gaap Sales Revenue Net
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736579000 USD
CY2013Q1 us-gaap Sales Revenue Net
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755207000 USD
CY2013Q4 us-gaap Sales Revenue Net
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1264431000 USD
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845440000 USD
CY2012Q3 us-gaap Sales Revenue Net
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723473000 USD
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671357000 USD
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800230000 USD
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712468000 USD
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258551000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
326602000 USD
CY2012 us-gaap Selling General And Administrative Expense
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280843000 USD
CY2013 us-gaap Share Based Compensation
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14761000 USD
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11687000 USD
CY2011 us-gaap Share Based Compensation
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9736000 USD
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10600000 shares
CY2011 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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512000 USD
CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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1615000 USD
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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6926000 USD
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
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7736000 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3724000 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
22297000 USD
CY2011 us-gaap Stock Repurchase Program Authorized Amount
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150000000 USD
CY2013 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
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98100000 USD
CY2011 us-gaap Stock Repurchased And Retired During Period Shares
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CY2012 us-gaap Stock Repurchased And Retired During Period Shares
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1507659 shares
CY2013 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
171263 shares
CY2012 us-gaap Stock Repurchased And Retired During Period Value
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45162000 USD
CY2011 us-gaap Stock Repurchased And Retired During Period Value
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CY2013 us-gaap Stock Repurchased And Retired During Period Value
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7799000 USD
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CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1356820000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
1050562000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
971249000 USD
CY2013Q4 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
8172000 USD
CY2012Q4 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
0 USD
CY2012 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
29.96
CY2011 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
25.51
CY2013 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
45.54
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5420000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
111303000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
111013000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
64774000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
106187000 USD
CY2012 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
100000 USD
CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
100000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1538000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1267000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
128000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
49000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
400000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
2500000 USD
CY2013 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
3300000 USD
CY2012 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
300000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1667000 USD
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1105000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4000000 USD
CY2012 pkg High Stock Price Per Share
HighStockPricePerShare
38.67
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. These estimates and assumptions are based on management's best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. We adjust such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in these estimates will be reflected in the consolidated financial statements in future periods.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2013Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
5000000 USD
CY2013Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
5000000 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97547000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97497000 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100376000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96384000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96579000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99281000 shares
CY2013Q4 pkg Accrual For Franchise Property Sales And Use Taxes Current
AccrualForFranchisePropertySalesAndUseTaxesCurrent
20232000 USD
CY2012Q4 pkg Accrual For Franchise Property Sales And Use Taxes Current
AccrualForFranchisePropertySalesAndUseTaxesCurrent
9337000 USD
CY2013Q4 pkg Allowance For Doubtful Accounts Receivable And Reserve For Customer Deductions Current
AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent
10567000 USD
CY2012Q4 pkg Allowance For Doubtful Accounts Receivable And Reserve For Customer Deductions Current
AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent
5353000 USD
CY2011 pkg Alternative Fuel Mixture Credit Change
AlternativeFuelMixtureCreditChange
0 USD
CY2013 pkg Alternative Fuel Mixture Credit Change
AlternativeFuelMixtureCreditChange
-76281000 USD
CY2012 pkg Alternative Fuel Mixture Credit Change
AlternativeFuelMixtureCreditChange
76281000 USD
CY2013 pkg Alternative Fuel Mixture Tax Credits
AlternativeFuelMixtureTaxCredits
0 USD
CY2011 pkg Alternative Fuel Mixture Tax Credits
AlternativeFuelMixtureTaxCredits
0 USD
CY2012 pkg Alternative Fuel Mixture Tax Credits
AlternativeFuelMixtureTaxCredits
95500000 USD
CY2013 pkg Amortizationof U.S.Treasury Grant Proceeds
AmortizationofU.S.TreasuryGrantProceeds
3200000 USD
CY2013 pkg Area Leased Under Timberland Cutting Rights
AreaLeasedUnderTimberlandCuttingRights
88000 acre
CY2013 pkg Area Leased Where Fiber Farms Are Operated
AreaLeasedWhereFiberFarmsAreOperated
9000 acre
CY2012 pkg Asset Retirement Obligation Increase Dueto Acquisition
AssetRetirementObligationIncreaseDuetoAcquisition
0 USD
CY2012Q4 pkg Capital Commitments
CapitalCommitments
27000000 USD
CY2013Q4 pkg Capital Commitments
CapitalCommitments
151400000 USD
CY2013Q4 pkg Cellulosic Biofuel Tax Reserve
CellulosicBiofuelTaxReserve
0 USD
CY2012Q4 pkg Cellulosic Biofuel Tax Reserve
CellulosicBiofuelTaxReserve
102051000 USD
CY2013 pkg Common Stock Withheldto Cover Taxeson Vestedand Retired Stock Awards Value
CommonStockWithheldtoCoverTaxesonVestedandRetiredStockAwardsValue
10955000 USD
CY2012 pkg Current Period Purchases Under Long Term Purchase Agreements
CurrentPeriodPurchasesUnderLongTermPurchaseAgreements
27700000 USD
CY2013 pkg Current Period Purchases Under Long Term Purchase Agreements
CurrentPeriodPurchasesUnderLongTermPurchaseAgreements
61700000 USD
CY2011 pkg Current Period Purchases Under Long Term Purchase Agreements
CurrentPeriodPurchasesUnderLongTermPurchaseAgreements
28500000 USD
CY2013 pkg Deferred Compensation Arrangementwith Individual Changein Recorded Liability
DeferredCompensationArrangementwithIndividualChangeinRecordedLiability
8600000 USD
CY2012Q4 pkg Deferred Tax Liabilities Inventories
DeferredTaxLiabilitiesInventories
26275000 USD
CY2013Q4 pkg Deferred Tax Liabilities Inventories
DeferredTaxLiabilitiesInventories
28522000 USD
CY2012 pkg Depreciation Depletion Amortization And Other Cash Flow Impact
DepreciationDepletionAmortizationAndOtherCashFlowImpact
175384000 USD
CY2013 pkg Depreciation Depletion Amortization And Other Cash Flow Impact
DepreciationDepletionAmortizationAndOtherCashFlowImpact
217918000 USD
CY2011 pkg Depreciation Depletion Amortization And Other Cash Flow Impact
DepreciationDepletionAmortizationAndOtherCashFlowImpact
162839000 USD
CY2013 pkg Derivative Instruments Gains Losses Recognized In Accumulated Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainsLossesRecognizedInAccumulatedOtherComprehensiveIncomeEffectivePortionNet
-28562000 USD
CY2012 pkg Derivative Instruments Gains Losses Recognized In Accumulated Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainsLossesRecognizedInAccumulatedOtherComprehensiveIncomeEffectivePortionNet
-32043000 USD
CY2013Q4 pkg Environmental Remediation Expense To Date
EnvironmentalRemediationExpenseToDate
3200000 USD
CY2012Q2 pkg High Stock Price Per Share
HighStockPricePerShare
29.80
CY2012Q4 pkg High Stock Price Per Share
HighStockPricePerShare
38.67
CY2013Q4 pkg High Stock Price Per Share
HighStockPricePerShare
64.39
CY2013Q3 pkg High Stock Price Per Share
HighStockPricePerShare
61.32
CY2013 pkg High Stock Price Per Share
HighStockPricePerShare
64.39
CY2013Q2 pkg High Stock Price Per Share
HighStockPricePerShare
50.78
CY2013Q1 pkg High Stock Price Per Share
HighStockPricePerShare
44.93
CY2012Q3 pkg High Stock Price Per Share
HighStockPricePerShare
36.68
CY2012Q1 pkg High Stock Price Per Share
HighStockPricePerShare
30.62
CY2010Q4 pkg Increase Decrease During Period Reserve For Uncertain Tax Positions
IncreaseDecreaseDuringPeriodReserveForUncertainTaxPositions
102000000 USD
CY2012 pkg Interest Paymentsand Redemption Premium Payments
InterestPaymentsandRedemptionPremiumPayments
66300000 USD
CY2013 pkg Interest Paymentsand Redemption Premium Payments
InterestPaymentsandRedemptionPremiumPayments
105700000 USD
CY2011 pkg Interest Paymentsand Redemption Premium Payments
InterestPaymentsandRedemptionPremiumPayments
35200000 USD
CY2013 pkg Long Term Equity Incentive Plan Termination Date
LongTermEquityIncentivePlanTerminationDate
May 1, 2023
CY2013Q4 pkg Long Term Purchase Commitment Amount Due Thereafter
LongTermPurchaseCommitmentAmountDueThereafter
11536000 USD
CY2013Q4 pkg Long Term Purchase Commitment Amount Due Within Five Years
LongTermPurchaseCommitmentAmountDueWithinFiveYears
2545000 USD
CY2013Q4 pkg Long Term Purchase Commitment Amount Due Within Four Years
LongTermPurchaseCommitmentAmountDueWithinFourYears
3017000 USD
CY2013Q4 pkg Long Term Purchase Commitment Amount Due Within One Year
LongTermPurchaseCommitmentAmountDueWithinOneYear
120971000 USD
CY2013Q4 pkg Long Term Purchase Commitment Amount Due Within Three Years
LongTermPurchaseCommitmentAmountDueWithinThreeYears
14840000 USD
CY2013Q4 pkg Long Term Purchase Commitment Amount Due Within Two Years
LongTermPurchaseCommitmentAmountDueWithinTwoYears
54757000 USD
CY2013Q4 pkg Long Term Purchase Commitment Future Minimum Payments Due
LongTermPurchaseCommitmentFutureMinimumPaymentsDue
207666000 USD
CY2011 pkg Loss On Foreign Currency Cash Flow Hedge Derivatives
LossOnForeignCurrencyCashFlowHedgeDerivatives
700000 USD
CY2013Q4 pkg Low Stock Price Per Share
LowStockPricePerShare
55.66
CY2013 pkg Low Stock Price Per Share
LowStockPricePerShare
37.86
CY2012Q2 pkg Low Stock Price Per Share
LowStockPricePerShare
25.77
CY2012Q1 pkg Low Stock Price Per Share
LowStockPricePerShare
24.82
CY2012 pkg Low Stock Price Per Share
LowStockPricePerShare
24.82
CY2013Q1 pkg Low Stock Price Per Share
LowStockPricePerShare
37.86
CY2013Q2 pkg Low Stock Price Per Share
LowStockPricePerShare
42.36
CY2013Q3 pkg Low Stock Price Per Share
LowStockPricePerShare
48.45
CY2012Q3 pkg Low Stock Price Per Share
LowStockPricePerShare
27.59
CY2012Q4 pkg Low Stock Price Per Share
LowStockPricePerShare
33.89
CY2013Q4 pkg Number Of Shares Available For Future Issuance Under Share Based Payment Plan
NumberOfSharesAvailableForFutureIssuanceUnderShareBasedPaymentPlan
2100000 shares
CY2013Q4 pkg Operating Loss Carryforwards State Taxing Jurisdiction
OperatingLossCarryforwardsStateTaxingJurisdiction
15077000 USD
CY2013Q4 pkg Operating Loss Carryforwards Us Federal And Non Us
OperatingLossCarryforwardsUsFederalAndNonUs
111719000 USD
CY2013 pkg Other Comprehensive Income Amortization Of Defined Benefit Plan Net Prior Service Cost And Net Loss Recognized In Net Periodic Pension Cost Net Of Tax
OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostNetOfTax
-13409000 USD
CY2011 pkg Other Comprehensive Income Amortization Of Defined Benefit Plan Net Prior Service Cost And Net Loss Recognized In Net Periodic Pension Cost Net Of Tax
OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostNetOfTax
-3806000 USD
CY2012 pkg Other Comprehensive Income Amortization Of Defined Benefit Plan Net Prior Service Cost And Net Loss Recognized In Net Periodic Pension Cost Net Of Tax
OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostNetOfTax
-6689000 USD
CY2012 pkg Other Comprehensive Income Amortization Of Defined Benefit Plan Net Prior Service Cost And Net Loss Recognized In Net Periodic Pension Cost Tax
OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax
-4300000 USD
CY2013 pkg Other Comprehensive Income Amortization Of Defined Benefit Plan Net Prior Service Cost And Net Loss Recognized In Net Periodic Pension Cost Tax
OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax
-8500000 USD
CY2011 pkg Other Comprehensive Income Amortization Of Defined Benefit Plan Net Prior Service Cost And Net Loss Recognized In Net Periodic Pension Cost Tax
OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax
-2400000 USD
CY2012 pkg Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss And Net Prior Service Costs Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodNetOfTax
-14612000 USD
CY2013 pkg Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss And Net Prior Service Costs Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodNetOfTax
32264000 USD
CY2011 pkg Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss And Net Prior Service Costs Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodNetOfTax
-31944000 USD
CY2013 pkg Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss And Net Prior Service Costs Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodTax
20400000 USD
CY2011 pkg Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss And Net Prior Service Costs Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodTax
-20300000 USD
CY2012 pkg Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss And Net Prior Service Costs Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodTax
-9300000 USD
CY2012 pkg Pension And Postretirement Benefits Contributions Expense Net
PensionAndPostretirementBenefitsContributionsExpenseNet
-1687000 USD
CY2013 pkg Pension And Postretirement Benefits Contributions Expense Net
PensionAndPostretirementBenefitsContributionsExpenseNet
-18525000 USD
CY2011 pkg Pension And Postretirement Benefits Contributions Expense Net
PensionAndPostretirementBenefitsContributionsExpenseNet
-5726000 USD
CY2013 pkg Percentage Of Customer Returns Allowances And Earned Discounts To Gross Selling Price
PercentageOfCustomerReturnsAllowancesAndEarnedDiscountsToGrossSellingPrice
0.01
CY2013Q4 pkg Percentage Of Hourly Employees Represented By Unions
PercentageOfHourlyEmployeesRepresentedByUnions
0.75
CY2013 pkg Proceeds From Government Grant
ProceedsFromGovernmentGrant
0 USD
CY2012 pkg Proceeds From Government Grant
ProceedsFromGovernmentGrant
57399000 USD
CY2011 pkg Proceeds From Government Grant
ProceedsFromGovernmentGrant
0 USD
CY2012 pkg Reserve For Customer Deductions
ReserveForCustomerDeductions
3400000 USD
CY2013 pkg Reserve For Customer Deductions
ReserveForCustomerDeductions
6700000 USD
CY2013 pkg Reserve Percentage For Customer Deductions
ReservePercentageForCustomerDeductions
0.01
CY2013Q4 pkg Tax Credit Carryforward Us Federal Non Us And State
TaxCreditCarryforwardUsFederalNonUsAndState
1564000 USD
CY2013 pkg Us Treasury Note Maturity Term
USTreasuryNoteMaturityTerm
10
CY2012Q4 pkg Unrecognized Tax Benefit Accrual For Penalties
UnrecognizedTaxBenefitAccrualForPenalties
100000 USD
CY2013Q4 pkg Unrecognized Tax Benefit Accrual For Penalties
UnrecognizedTaxBenefitAccrualForPenalties
100000 USD
CY2013Q4 pkg Us Federal Capital Loss Carryforwards
UsFederalCapitalLossCarryforwards
1088000 USD
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Type
DocumentType
8-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000075677
CY2013Q4 dei Entity Number Of Employees
EntityNumberOfEmployees
13600
CY2013 dei Entity Registrant Name
EntityRegistrantName
PACKAGING CORP OF AMERICA
CY2013 dei Trading Symbol
TradingSymbol
PKG

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