2024 Q4 Form 10-Q Financial Statement
#000095017024122936 Filed on November 07, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
Revenue | $2.182B | |
YoY Change | 12.73% | |
Cost Of Revenue | $1.677B | |
YoY Change | 10.1% | |
Gross Profit | $505.2M | |
YoY Change | 22.41% | |
Gross Profit Margin | 23.15% | |
Selling, General & Admin | $162.0M | |
YoY Change | 12.34% | |
% of Gross Profit | 32.07% | |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $122.7M | |
YoY Change | 3.46% | |
% of Gross Profit | 24.29% | |
Operating Expenses | $178.1M | |
YoY Change | 23.51% | |
Operating Profit | $327.1M | |
YoY Change | 26.49% | |
Interest Expense | -$9.700M | |
YoY Change | -21.14% | |
% of Operating Profit | -2.97% | |
Other Income/Expense, Net | $1.200M | |
YoY Change | -166.67% | |
Pretax Income | $318.6M | |
YoY Change | 30.31% | |
Income Tax | $80.50M | |
% Of Pretax Income | 25.27% | |
Net Earnings | $236.4M | |
YoY Change | 29.04% | |
Net Earnings / Revenue | 10.83% | |
Basic Earnings Per Share | $2.65 | |
Diluted Earnings Per Share | $2.64 | |
COMMON SHARES | ||
Basic Shares Outstanding | 89.80M | 89.81M |
Diluted Shares Outstanding | 89.50M |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $771.6M | |
YoY Change | 13.94% | |
Cash & Equivalents | $676.6M | |
Short-Term Investments | $95.00M | |
Other Short-Term Assets | $191.8M | |
YoY Change | 195.99% | |
Inventory | $1.062B | |
Prepaid Expenses | ||
Receivables | $1.216B | |
Other Receivables | $0.00 | |
Total Short-Term Assets | $3.241B | |
YoY Change | 16.88% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $3.982B | |
YoY Change | 3.08% | |
Goodwill | $922.4M | |
YoY Change | 0.0% | |
Intangibles | ||
YoY Change | ||
Long-Term Investments | $69.70M | |
YoY Change | 41.38% | |
Other Assets | $76.40M | |
YoY Change | 49.8% | |
Total Long-Term Assets | $5.512B | |
YoY Change | 2.0% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $3.241B | |
Total Long-Term Assets | $5.512B | |
Total Assets | $8.754B | |
YoY Change | 7.05% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $459.9M | |
YoY Change | 13.3% | |
Accrued Expenses | $393.3M | |
YoY Change | 60.47% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | |
YoY Change | ||
Long-Term Debt Due | $0.00 | |
YoY Change | -100.0% | |
Total Short-Term Liabilities | $1.101B | |
YoY Change | -13.95% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $2.474B | |
YoY Change | 19.17% | |
Other Long-Term Liabilities | $80.40M | |
YoY Change | 33.33% | |
Total Long-Term Liabilities | $3.390B | |
YoY Change | 12.56% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.101B | |
Total Long-Term Liabilities | $3.390B | |
Total Liabilities | $4.490B | |
YoY Change | 4.66% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $3.669B | |
YoY Change | 8.86% | |
Common Stock | $661.5M | |
YoY Change | 7.84% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $4.264B | |
YoY Change | ||
Total Liabilities & Shareholders Equity | $8.754B | |
YoY Change | 7.05% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $236.4M | |
YoY Change | 29.04% | |
Depreciation, Depletion And Amortization | $122.7M | |
YoY Change | 3.46% | |
Cash From Operating Activities | $327.1M | |
YoY Change | -3.65% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $146.9M | |
YoY Change | 63.04% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $396.2M | |
YoY Change | 32916.67% | |
Cash From Investing Activities | $249.3M | |
YoY Change | -380.43% | |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -513.4M | |
YoY Change | 232.3% | |
NET CHANGE | ||
Cash From Operating Activities | 327.1M | |
Cash From Investing Activities | 249.3M | |
Cash From Financing Activities | -513.4M | |
Net Change In Cash | 63.00M | |
YoY Change | -34.44% | |
FREE CASH FLOW | ||
Cash From Operating Activities | $327.1M | |
Capital Expenditures | $146.9M | |
Free Cash Flow | $180.2M | |
YoY Change | -27.75% |
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Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
78600000 | |
CY2024Q3 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
2100000 | |
CY2023Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
2000000 | |
CY2024Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
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459900000 | |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
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402400000 | |
CY2024Q3 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
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115800000 | |
CY2023Q4 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
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115900000 | |
CY2024Q3 | us-gaap |
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AccruedLiabilitiesCurrent
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393300000 | |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
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253500000 | |
CY2024Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
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32500000 | |
CY2023Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
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13700000 | |
CY2024Q3 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
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15200000 | |
CY2023Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
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CY2024Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
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1100500000 | |
CY2023Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
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1265700000 | |
CY2024Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
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2473700000 | |
CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
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2472200000 | |
CY2024Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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189400000 | |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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212100000 | |
CY2024Q3 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
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7200000 | |
CY2023Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
8700000 | |
CY2024Q3 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
540500000 | |
CY2023Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
558000000 | |
CY2024Q3 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
98500000 | |
CY2023Q4 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
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106400000 | |
CY2024Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
80400000 | |
CY2023Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
60700000 | |
CY2024Q3 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
3389700000 | |
CY2023Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
3418100000 | |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000 | |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000 | |
CY2024Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
89800000 | |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
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89600000 | |
CY2024Q3 | us-gaap |
Common Stock Value
CommonStockValue
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900000 | |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
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900000 | |
CY2024Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
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660600000 | |
CY2023Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
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620100000 | |
CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
3669100000 | |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
3447200000 | |
CY2024Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-67000000 | |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-70900000 | |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4263600000 | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3997300000 | |
CY2024Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8753800000 | |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8681100000 | |
us-gaap |
Profit Loss
ProfitLoss
|
584000000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
576000000 | ||
pkg |
Depreciation Depletion Amortization And Other Cash Flow Impact
DepreciationDepletionAmortizationAndOtherCashFlowImpact
|
389600000 | ||
pkg |
Depreciation Depletion Amortization And Other Cash Flow Impact
DepreciationDepletionAmortizationAndOtherCashFlowImpact
|
386800000 | ||
us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
1800000 | ||
us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
1600000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
39600000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
32500000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-18000000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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-7700000 | ||
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-12900000 | ||
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-5200000 | ||
pkg |
Pension And Postretirement Benefits Contributions Expense Net
PensionAndPostretirementBenefitsContributionsExpenseNet
|
20800000 | ||
pkg |
Pension And Postretirement Benefits Contributions Expense Net
PensionAndPostretirementBenefitsContributionsExpenseNet
|
35800000 | ||
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
23700000 | ||
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
11000000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
182800000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
13400000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
48800000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
8800000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
129700000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
6800000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
36100000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1100000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
158800000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-3800000 | ||
us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-19400000 | ||
us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-44100000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
865800000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
979800000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
468400000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
328600000 | ||
us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
1900000 | ||
us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
2500000 | ||
us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
800000 | ||
us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
1500000 | ||
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
91900000 | ||
us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
76100000 | ||
us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
3800000 | ||
us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
2200000 | ||
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
83100000 | ||
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
72400000 | ||
us-gaap |
Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
400000000 | ||
us-gaap |
Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
0 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-74500000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-331100000 | ||
us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
401400000 | ||
us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
1400000 | ||
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
336500000 | ||
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
336900000 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
41500000 | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
24800000 | ||
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
15700000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-762700000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-395500000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
28600000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
253200000 | ||
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
648000000 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
320000000 | |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
676600000 | |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
573200000 | |
CY2024Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4126600000 | |
CY2024Q3 | pkg |
Common Stock Withheld To Cover Taxes On Vested And Retired Stock Awards Value
CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue
|
700000 | |
CY2024Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
112700000 | |
CY2024Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
10300000 | |
CY2024Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
240100000 | |
CY2024Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4263600000 | |
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3848600000 | |
CY2023Q3 | pkg |
Common Stock Repurchase And Retirements
CommonStockRepurchaseAndRetirements
|
41500000 | |
CY2023Q3 | pkg |
Common Stock Withheld To Cover Taxes On Vested And Retired Stock Awards Value
CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue
|
200000 | |
CY2023Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
112500000 | |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
7600000 | |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
185200000 | |
CY2023Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3887200000 | |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3997300000 | |
pkg |
Common Stock Withheld To Cover Taxes On Vested And Retired Stock Awards Value
CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue
|
24800000 | ||
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
338600000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
41800000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
587900000 | ||
CY2024Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
4263600000 | |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3667100000 | |
pkg |
Common Stock Repurchase And Retirements
CommonStockRepurchaseAndRetirements
|
41500000 | ||
pkg |
Common Stock Withheld To Cover Taxes On Vested And Retired Stock Awards Value
CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue
|
15700000 | ||
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
338700000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
34300000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
581700000 | ||
CY2023Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3887200000 | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">1. Nature of Operations and Basis of Presentation</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Times New Roman;min-width:fit-content;">Packaging Corporation of America ("we," "us," "our," PCA," or the "Company") was incorporated on </span><span style="font-size:9pt;font-family:Times New Roman;"><span style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Times New Roman;min-width:fit-content;">January 25, 1999</span></span><span style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Times New Roman;min-width:fit-content;">. In April 1999, PCA acquired the containerboard and corrugated packaging products business of Pactiv Corporation ("Pactiv"), formerly known as Tenneco Packaging, Inc. We are a large diverse manufacturer of both packaging and paper products. We are headquartered in Lake Forest, Illinois and we operate primarily in the United States.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:8pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Times New Roman;min-width:fit-content;">We report our business in </span><span style="font-size:9pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">three</span><span style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Times New Roman;min-width:fit-content;"> reportable segments: Packaging, Paper, and Corporate and Other. Our Packaging segment produces a wide variety of containerboard and corrugated packaging products. The Paper segment manufactures and sells a range of communication-based papers. 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 18, Segment Information.</span><span style="color:#ff0000;white-space:pre-wrap;font-size:9pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:8pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Times New Roman;min-width:fit-content;">The consolidated financial statements of PCA as of September 30, 2024 and for the three and nine months ended September 30, 2024 and 2023 are unaudited but include all adjustments (consisting only of normal recurring adjustments) that management considers necessary for a fair presentation of such financial statements. The preparation of the consolidated financial statements involves the use of estimates and accruals. Actual results may vary from those estimates. These financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with Article 10 of Regulation S-X of the Securities and Exchange Commission (SEC). Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States for complete audited financial statements. Operating results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. These consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2023.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:8pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:9pt;font-family:Times New Roman;min-width:fit-content;">The consolidated financial statements include the accounts of PCA and its majority-owned subsidiaries after elimination of intercompany balances and transactions.</span></p> | ||
dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
1999-01-25 | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | ||
CY2024Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2182400000 | |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1936000000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6237200000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5864500000 | ||
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
238100000 | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
183200000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
584000000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
576000000 | ||
CY2024Q3 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
1700000 | |
CY2023Q3 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
1400000 | |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
4100000 | ||
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
4800000 | ||
CY2024Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
236400000 | |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
181800000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
579900000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
571200000 | ||
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
89100000 | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
89100000 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
89100000 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
89100000 | ||
CY2024Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
400000 | |
CY2023Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
400000 | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
400000 | ||
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
400000 | ||
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
89500000 | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
89500000 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
89500000 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
89500000 | ||
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.65 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.04 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
6.51 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
6.41 | ||
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.64 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.03 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
6.48 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
6.38 | ||
CY2024Q3 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-11400000 | |
CY2023Q3 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-9000000 | |
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-26900000 | ||
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-22200000 | ||
CY2024Q3 | pkg |
Business Exit And Other Costs
BusinessExitAndOtherCosts
|
300000 | |
CY2023Q3 | pkg |
Business Exit And Other Costs
BusinessExitAndOtherCosts
|
-100000 | |
pkg |
Business Exit And Other Costs
BusinessExitAndOtherCosts
|
300000 | ||
pkg |
Business Exit And Other Costs
BusinessExitAndOtherCosts
|
7000000 | ||
CY2024Q3 | us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
2000000 | |
CY2023Q3 | us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
0 | |
us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
127700000 | ||
us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
0 | ||
CY2024Q3 | us-gaap |
Proceeds From Legal Settlements
ProceedsFromLegalSettlements
|
2000000 | |
CY2023Q3 | us-gaap |
Proceeds From Legal Settlements
ProceedsFromLegalSettlements
|
0 | |
us-gaap |
Proceeds From Legal Settlements
ProceedsFromLegalSettlements
|
127700000 | ||
us-gaap |
Proceeds From Legal Settlements
ProceedsFromLegalSettlements
|
0 | ||
CY2024Q3 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
0 | |
CY2023Q3 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
0 | |
us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
7600000 | ||
us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
1500000 | ||
CY2024Q3 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-4400000 | |
CY2023Q3 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-1000000 | |
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-16200000 | ||
us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-6400000 | ||
CY2024Q3 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
16100000 | |
CY2023Q3 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
9900000 | |
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
51000000 | ||
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
37100000 | ||
CY2024Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
80500000 | |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
61300000 | |
CY2024Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.253 | |
CY2023Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.251 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
188800000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
189600000 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.244 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.248 | ||
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
187300000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
153200000 | ||
CY2024Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
320500000 | |
CY2023Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
326200000 | |
CY2024Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
15600000 | |
CY2023Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
14900000 | |
CY2024Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
219300000 | |
CY2023Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
200500000 | |
CY2024Q3 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
506500000 | |
CY2023Q4 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
471500000 | |
CY2024Q3 | us-gaap |
Inventory Net
InventoryNet
|
1061900000 | |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
1013100000 | |
CY2024Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
9180100000 | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
8807700000 | |
CY2024Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5197800000 | |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
4943900000 | |
CY2024Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3982300000 | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3863800000 | |
CY2024Q3 | us-gaap |
Depreciation
Depreciation
|
122700000 | |
CY2023Q3 | us-gaap |
Depreciation
Depreciation
|
118600000 | |
us-gaap |
Depreciation
Depreciation
|
359500000 | ||
us-gaap |
Depreciation
Depreciation
|
354900000 | ||
us-gaap |
Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
|
1700000 | ||
us-gaap |
Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
|
11900000 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
45700000 | ||
CY2023 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
24200000 | |
CY2024Q3 | us-gaap |
Goodwill
Goodwill
|
922400000 | |
CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
922400000 | |
CY2024Q3 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P6Y9M18D | |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
591700000 | |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
390400000 | |
CY2023Q4 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P7Y3M18D | |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
591700000 | |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
362100000 | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
28300000 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
28700000 | ||
CY2024Q3 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
156800000 | |
CY2023Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
154400000 | |
CY2024Q3 | pkg |
Deridder Litigation
DeridderLitigation
|
127700000 | |
CY2023Q4 | pkg |
Deridder Litigation
DeridderLitigation
|
0 | |
CY2024Q3 | pkg |
Accrual For Franchise Property Sales And Use Taxes Current
AccrualForFranchisePropertySalesAndUseTaxesCurrent
|
34200000 | |
CY2023Q4 | pkg |
Accrual For Franchise Property Sales And Use Taxes Current
AccrualForFranchisePropertySalesAndUseTaxesCurrent
|
18600000 | |
CY2024Q3 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
30700000 | |
CY2023Q4 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
35200000 | |
CY2024Q3 | pkg |
Accrued Medical Insurance And Workers Compensation Current
AccruedMedicalInsuranceAndWorkersCompensationCurrent
|
28700000 | |
CY2023Q4 | pkg |
Accrued Medical Insurance And Workers Compensation Current
AccruedMedicalInsuranceAndWorkersCompensationCurrent
|
28400000 | |
CY2024Q3 | us-gaap |
Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
|
3400000 | |
CY2023Q4 | us-gaap |
Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
|
4000000 | |
CY2024Q3 | us-gaap |
Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
|
2000000 | |
CY2023Q4 | us-gaap |
Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
|
1000000 | |
CY2024Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
9800000 | |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
11900000 | |
CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
393300000 | |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
253500000 | |
CY2024Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
2492100000 | |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
2891700000 | |
CY2024Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | |
CY2023Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
399600000 | |
CY2024Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
18400000 | |
CY2023Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
19900000 | |
CY2024Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2473700000 | |
CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2472200000 | |
us-gaap |
Interest Paid
InterestPaid
|
61400000 | ||
us-gaap |
Interest Paid
InterestPaid
|
49900000 | ||
CY2024Q3 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
500000 | |
CY2023Q3 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
400000 | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1400000 | ||
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1200000 | ||
CY2024Q3 | us-gaap |
Investment Owned At Cost
InvestmentOwnedAtCost
|
840400000 | |
pkg |
Unrealized Gain On Securities1
UnrealizedGainOnSecurities1
|
900000 | ||
pkg |
Unrealized Loss On Securities1
UnrealizedLossOnSecurities1
|
-0 | ||
CY2024Q3 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
841300000 | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
676600000 | |
CY2024Q3 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
95000000 | |
CY2024Q3 | us-gaap |
Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
69700000 | |
CY2023Q4 | us-gaap |
Investment Owned At Cost
InvestmentOwnedAtCost
|
1205800000 | |
CY2023 | pkg |
Unrealized Gain On Securities1
UnrealizedGainOnSecurities1
|
300000 | |
CY2023 | pkg |
Unrealized Loss On Securities1
UnrealizedLossOnSecurities1
|
-500000 | |
CY2023Q4 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
1205600000 | |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
648000000 | |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
493500000 | |
CY2023Q4 | us-gaap |
Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
64100000 | |
pkg |
Impairment Of Marketable Debt Securities
ImpairmentOfMarketableDebtSecurities
|
0 | ||
CY2023 | pkg |
Impairment Of Marketable Debt Securities
ImpairmentOfMarketableDebtSecurities
|
0 | |
CY2024Q3 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
0 | |
CY2023Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
0 | |
CY2024Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
10300000 | |
CY2024Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
|
15 | |
CY2024Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
0 | |
CY2024Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
13000000 | |
CY2024Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
|
15 | |
CY2024Q3 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
0 | |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
47800000 | |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
|
60 | |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
100000 | |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
43900000 | |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
|
61 | |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
400000 | |
CY2024Q3 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
25000000 | |
us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
25000000 | ||
CY2023Q3 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
50000000 | |
us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
50000000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate
|
2034-05-08 | ||
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
2400000 | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
14300000 | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
2700000 | |
CY2024Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
10400000 | |
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
7700000 | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
39600000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
32500000 | ||
CY2024Q3 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
2600000 | |
CY2023Q3 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
1900000 | |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
9900000 | ||
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
8100000 | ||
CY2024Q3 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
7800000 | |
CY2023Q3 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
5800000 | |
us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
29700000 | ||
us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
24400000 | ||
CY2024Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
62000000 | |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y6M | ||
CY2024Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.25 | |
CY2024Q4 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
112300000 | |
CY2022Q1 | srt |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
1000000000 | |
CY2024Q3 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
436000000 | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | ||
CY2024Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
327100000 | |
CY2024Q3 | pkg |
Non Operating Pension Income Expense
NonOperatingPensionIncomeExpense
|
1200000 | |
CY2024Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-9700000 | |
CY2024Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
318600000 | |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
258600000 | |
CY2023Q3 | pkg |
Non Operating Pension Income Expense
NonOperatingPensionIncomeExpense
|
-1800000 | |
CY2023Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-12300000 | |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
244500000 | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
799100000 | ||
pkg |
Non Operating Pension Income Expense
NonOperatingPensionIncomeExpense
|
3400000 | ||
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-29700000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
772800000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
813600000 | ||
pkg |
Non Operating Pension Income Expense
NonOperatingPensionIncomeExpense
|
-5800000 | ||
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-42200000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
765600000 | ||
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |