2018 Q1 Form 10-Q Financial Statement
#000156459018012154 Filed on May 09, 2018
Income Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| Revenue | $1.691B | $1.537B |
| YoY Change | 10.03% | 9.67% |
| Cost Of Revenue | $1.335B | $1.198B |
| YoY Change | 11.37% | 8.74% |
| Gross Profit | $356.1M | $338.2M |
| YoY Change | 5.29% | 13.11% |
| Gross Profit Margin | 21.06% | 22.01% |
| Selling, General & Admin | $134.9M | $127.8M |
| YoY Change | 5.56% | 11.81% |
| % of Gross Profit | 37.88% | 37.79% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $94.60M | $82.40M |
| YoY Change | 14.81% | 2.11% |
| % of Gross Profit | 26.57% | 24.36% |
| Operating Expenses | $134.9M | $127.8M |
| YoY Change | 5.56% | 11.81% |
| Operating Profit | $212.9M | $203.4M |
| YoY Change | 4.67% | 12.5% |
| Interest Expense | -$25.80M | -$24.00M |
| YoY Change | 7.5% | 11.11% |
| % of Operating Profit | -12.12% | -11.8% |
| Other Income/Expense, Net | -$700.0K | |
| YoY Change | ||
| Pretax Income | $186.6M | $179.1M |
| YoY Change | 4.19% | 12.5% |
| Income Tax | $46.50M | $61.70M |
| % Of Pretax Income | 24.92% | 34.45% |
| Net Earnings | $140.1M | $117.4M |
| YoY Change | 19.34% | 13.21% |
| Net Earnings / Revenue | 8.29% | 7.64% |
| Basic Earnings Per Share | $1.48 | $1.25 |
| Diluted Earnings Per Share | $1.48 | $1.24 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 93.60M | 93.40M |
| Diluted Shares Outstanding | 93.80M | 93.60M |
Balance Sheet
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $102.4M | $254.0M |
| YoY Change | -59.69% | 56.5% |
| Cash & Equivalents | $102.4M | $254.0M |
| Short-Term Investments | ||
| Other Short-Term Assets | $55.00M | $47.30M |
| YoY Change | 16.28% | 10.77% |
| Inventory | $766.4M | $744.5M |
| Prepaid Expenses | ||
| Receivables | $860.2M | $733.3M |
| Other Receivables | $48.60M | $0.00 |
| Total Short-Term Assets | $1.833B | $1.779B |
| YoY Change | 3.01% | 16.36% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $2.961B | $2.887B |
| YoY Change | 2.57% | 2.46% |
| Goodwill | $883.2M | $737.1M |
| YoY Change | 19.82% | 35.5% |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $63.00M | $81.20M |
| YoY Change | -22.41% | 13.73% |
| Total Long-Term Assets | $4.307B | $4.064B |
| YoY Change | 5.98% | 9.89% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.833B | $1.779B |
| Total Long-Term Assets | $4.307B | $4.064B |
| Total Assets | $6.140B | $5.843B |
| YoY Change | 5.07% | 11.79% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $427.3M | $367.3M |
| YoY Change | 16.34% | 18.87% |
| Accrued Expenses | $157.0M | $147.1M |
| YoY Change | 6.73% | 1.87% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $0.00 | $156.5M |
| YoY Change | -100.0% | 2307.69% |
| Total Short-Term Liabilities | $673.6M | $776.0M |
| YoY Change | -13.2% | 42.31% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.481B | $2.458B |
| YoY Change | 0.93% | 7.39% |
| Other Long-Term Liabilities | $62.90M | $59.80M |
| YoY Change | 5.18% | -0.99% |
| Total Long-Term Liabilities | $3.192B | $3.243B |
| YoY Change | -1.55% | 4.9% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $673.6M | $776.0M |
| Total Long-Term Liabilities | $3.192B | $3.243B |
| Total Liabilities | $3.866B | $4.019B |
| YoY Change | -3.8% | 10.51% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $1.950B | $1.505B |
| YoY Change | 29.58% | 16.95% |
| Common Stock | $477.2M | $456.9M |
| YoY Change | 4.44% | 5.35% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $2.274B | $1.825B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $6.140B | $5.843B |
| YoY Change | 5.07% | 11.79% |
Cashflow Statement
| Concept | 2018 Q1 | 2017 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $140.1M | $117.4M |
| YoY Change | 19.34% | 13.21% |
| Depreciation, Depletion And Amortization | $94.60M | $82.40M |
| YoY Change | 14.81% | 2.11% |
| Cash From Operating Activities | $202.5M | $164.1M |
| YoY Change | 23.4% | -14.08% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $108.0M | $57.80M |
| YoY Change | 86.85% | 9.26% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$2.600M | -$1.200M |
| YoY Change | 116.67% | 300.0% |
| Cash From Investing Activities | -$107.2M | -$57.80M |
| YoY Change | 85.47% | 4.14% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $0.00 | |
| YoY Change | -100.0% | |
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -209.8M | -91.60M |
| YoY Change | 129.04% | -41.8% |
| NET CHANGE | ||
| Cash From Operating Activities | 202.5M | 164.1M |
| Cash From Investing Activities | -107.2M | -57.80M |
| Cash From Financing Activities | -209.8M | -91.60M |
| Net Change In Cash | -114.5M | 14.70M |
| YoY Change | -878.91% | -167.12% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $202.5M | $164.1M |
| Capital Expenditures | $108.0M | $57.80M |
| Free Cash Flow | $94.50M | $106.3M |
| YoY Change | -11.1% | -23.03% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2018Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
1334500000 | |
| CY2017Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
1198300000 | |
| CY2018Q1 | us-gaap |
Gross Profit
GrossProfit
|
356100000 | |
| CY2017Q1 | us-gaap |
Gross Profit
GrossProfit
|
338200000 | |
| CY2018Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
134900000 | |
| CY2017Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
127800000 | |
| CY2018Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
8300000 | |
| CY2017Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
7000000 | |
| CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
212900000 | |
| CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
203400000 | |
| CY2018Q1 | pkg |
Interest Income Expense And Other Nonoperating Net
InterestIncomeExpenseAndOtherNonoperatingNet
|
-26300000 | |
| CY2017Q1 | pkg |
Interest Income Expense And Other Nonoperating Net
InterestIncomeExpenseAndOtherNonoperatingNet
|
-24300000 | |
| CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
186600000 | |
| CY2017Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
179100000 | |
| CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
46500000 | |
| CY2017Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
61700000 | |
| CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
140100000 | |
| CY2017Q1 | us-gaap |
Profit Loss
ProfitLoss
|
117400000 | |
| CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.48 | |
| CY2017Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.25 | |
| CY2018Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.48 | |
| CY2017Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.24 | |
| CY2018Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.63 | |
| CY2017Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.63 | |
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Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-100000 | |
| CY2017Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-200000 | |
| CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-1000000 | |
| CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-900000 | |
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Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
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3000000 | |
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Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
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2200000 | |
| CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
3900000 | |
| CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
2900000 | |
| CY2018Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
144000000 | |
| CY2017Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
120300000 | |
| CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
|
-400000 | |
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Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
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-500000 | |
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Other Comprehensive Income Amortization Of Defined Benefit Plan Net Prior Service Cost And Net Loss Recognized In Net Periodic Pension Cost Tax
OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax
|
1000000 | |
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Other Comprehensive Income Amortization Of Defined Benefit Plan Net Prior Service Cost And Net Loss Recognized In Net Periodic Pension Cost Tax
OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax
|
1200000 | |
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Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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102400000 | |
| CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
216900000 | |
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Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
860200000 | |
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Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
830700000 | |
| CY2018Q1 | us-gaap |
Inventory Net
InventoryNet
|
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Inventory Net
InventoryNet
|
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Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
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Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
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35500000 | |
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Income Taxes Receivable
IncomeTaxesReceivable
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| CY2017Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
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Assets Current
AssetsCurrent
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Assets Current
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Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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Goodwill
Goodwill
|
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Goodwill
Goodwill
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883200000 | |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
399600000 | |
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Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
410000000 | |
| CY2018Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
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63000000 | |
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Other Assets Noncurrent
OtherAssetsNoncurrent
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64300000 | |
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Assets
Assets
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6139800000 | |
| CY2017Q4 | us-gaap |
Assets
Assets
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6197500000 | |
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Liabilities Current
LiabilitiesCurrent
|
832700000 | |
| CY2017Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
150000000 | |
| CY2018Q1 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
1400000 | |
| CY2017Q4 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
1300000 | |
| CY2018Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
427300000 | |
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Accounts Payable Current
AccountsPayableCurrent
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402900000 | |
| CY2018Q1 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
60600000 | |
| CY2017Q4 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
60500000 | |
| CY2018Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
157000000 | |
| CY2017Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
203200000 | |
| CY2018Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
27300000 | |
| CY2017Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
14800000 | |
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Liabilities Current
LiabilitiesCurrent
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673600000 | |
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Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2481200000 | |
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Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2480400000 | |
| CY2018Q1 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
18600000 | |
| CY2017Q4 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
19000000 | |
| CY2018Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
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256700000 | |
| CY2017Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
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Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
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373000000 | |
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Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
372500000 | |
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Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
62900000 | |
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Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
70800000 | |
| CY2018Q1 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
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3192400000 | |
| CY2017Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
3182200000 | |
| CY2018Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2017Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
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| CY2018Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
900000 | |
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Common Stock Value
CommonStockValue
|
900000 | |
| CY2018Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
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| CY2017Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
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| CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
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| CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1867400000 | |
| CY2018Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-153000000 | |
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Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-156900000 | |
| CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2273800000 | |
| CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
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2182600000 | |
| CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
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Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
6197500000 | |
| CY2018Q1 | pkg |
Allowance For Doubtful Accounts Receivable And Reserve For Customer Deductions Current
AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent
|
13100000 | |
| CY2017Q4 | pkg |
Allowance For Doubtful Accounts Receivable And Reserve For Customer Deductions Current
AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent
|
12600000 | |
| CY2018Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2017Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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0.01 | |
| CY2018Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
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300000000 | |
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Common Stock Shares Authorized
CommonStockSharesAuthorized
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300000000 | |
| CY2018Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
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Common Stock Shares Issued
CommonStockSharesIssued
|
94300000 | |
| CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
140100000 | |
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Net Income Loss
NetIncomeLoss
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117400000 | |
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Depreciation Depletion Amortization And Other Cash Flow Impact
DepreciationDepletionAmortizationAndOtherCashFlowImpact
|
108100000 | |
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Depreciation Depletion Amortization And Other Cash Flow Impact
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92500000 | |
| CY2018Q1 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
2300000 | |
| CY2017Q1 | pkg |
Pension And Postretirement Benefits Contributions Expense Net
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-1100000 | |
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Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
2000000 | |
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Share Based Compensation
ShareBasedCompensation
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Share Based Compensation
ShareBasedCompensation
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4600000 | |
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Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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| CY2017Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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12200000 | |
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Pension And Postretirement Benefits Contributions Expense Net
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-3900000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-48500000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-20300000 | |
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Increase Decrease In Income Taxes Receivable
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-39400000 | |
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Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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202500000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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164100000 | |
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Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-1000000 | |
| CY2017Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-1800000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
22900000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
44100000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
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8400000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
20900000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
17000000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
15400000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1000000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
25600000 | |
| CY2018Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-42900000 | |
| CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
108000000 | |
| CY2017Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
57800000 | |
| CY2018Q1 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
1900000 | |
| CY2017Q1 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
2900000 | |
| CY2018Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
100000 | |
| CY2017Q1 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
1700000 | |
| CY2018Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-2600000 | |
| CY2017Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-1200000 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-107200000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-57800000 | |
| CY2018Q1 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
150300000 | |
| CY2017Q1 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
31700000 | |
| CY2018Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
59400000 | |
| CY2017Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
59400000 | |
| CY2018Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
100000 | |
| CY2017Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
500000 | |
| CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-209800000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-91600000 | |
| CY2018Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-114500000 | |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
14700000 | |
| CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
239300000 | |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
254000000 | |
| CY2018Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:12pt;margin-bottom:0pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td> <td valign="top"> <p style="margin-top:12pt;margin-bottom:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Nature of Operations and Basis of Presentation </p></td></tr></table></div> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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. 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.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We report our business in three 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. 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.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In these consolidated financial statements, certain amounts in prior periods' consolidated financial statements have been reclassified to conform with the current period presentation.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The consolidated financial statements of PCA as of March 31, 2018 and for the three months ended March 31, 2018 and 2017 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 footnotes required by accounting principles generally accepted in the United States for complete audited financial statements. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. These consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2017.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The consolidated financial statements include the accounts of PCA and its majority-owned subsidiaries after elimination of intercompany balances and transactions.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:9pt;"> </p></div> | |
| CY2018Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="margin-top:12pt;margin-bottom:0pt;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of the consolidated financial statements involves the use of estimates and accruals. Actual results may vary from those estimates.</p></div> | |
| CY2018Q1 | pkg |
New Accounting Standards Not Yet Adopted
NewAccountingStandardsNotYetAdopted
|
<div> <p style="margin-top:18pt;margin-bottom:0pt;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;text-indent:4.54%;">New Accounting Standards Not Yet Adopted</p> <p style="margin-top:6pt;margin-bottom:0pt;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;"><font style="Background-color:#FFFFFF;">In February 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-02 (Topic 220): </font><font style="font-style:italic;Background-color:#FFFFFF;">Income Statement – Reporting Comprehensive Income</font><font style="Background-color:#FFFFFF;"> – </font><font style="font-style:italic;Background-color:#FFFFFF;">Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income</font><font style="Background-color:#FFFFFF;">, which allows for optional reclassification from accumulated other comprehensive income to retained earnings for the stranded tax effects resulting from the enactment of H.R.1 (P.L. 115-97), originally known as the “Tax Cuts and Jobs Act,” in December 2017. An entity that elects to reclassify these amounts must reclassify stranded tax effects related to the change in federal tax rate for all items accounted for in other comprehensive income (e.g., pension and postretirement benefits and cash flow hedges). Entities may also elect to reclassify other stranded tax effects that relate to the Act but do not directly relate to the change in the federal tax rate (e.g., state taxes). Upon adoption of ASU 2018-02, entities are required to disclose their policy for releasing the income tax effects from accumulated other comprehensive income. ASU 2018-02 is effective for annual periods beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect this ASU to have a material impact on the Company’s financial position, results of operations, or cash flow.</font></p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In February 2016, the FASB issued ASU 2016-02 (Topic 842): <font style="font-style:italic;">Leases</font>. This ASU amends a number of aspects of lease accounting, including requiring lessees to recognize operating leases with a term greater than one year on their balance sheet as a right-of-use asset and corresponding lease liability, measured at the present value of the lease payments. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, and early adoption is permitted. This ASU is required to be adopted using a modified retrospective approach. We are in the process of implementing changes to our systems and processes in conjunction with our review of existing lease agreements. We will adopt Topic 842 effective January 1, 2019 and expect to elect certain available transitional practical expedients. We are still in the process of determining the effects on our financial statements but do expect to recognize a liability and corresponding asset associated with in-scope operating leases.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">There were no other accounting standards recently issued that had or are expected to have a material impact on our financial position or results of operations.</p></div> | |
| CY2018Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1690600000 | |
| CY2018Q1 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
1999-01-25 | |
| CY2018Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | |
| CY2017Q1 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-1200000 | |
| CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
| CY2017Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1536500000 | |
| CY2018Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
1100000 | |
| CY2017Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
1000000 | |
| CY2018Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
139000000 | |
| CY2017Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
116400000 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
93600000 | |
| CY2017Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
93400000 | |
| CY2018Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
200000 | |
| CY2017Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
200000 | |
| CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
93800000 | |
| CY2017Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
93600000 | |
| CY2018Q1 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-5100000 | |
| CY2017Q1 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-2300000 | |
| CY2018Q1 | pkg |
Business Exit And Other Costs
BusinessExitAndOtherCosts
|
100000 | |
| CY2017Q1 | pkg |
Business Exit And Other Costs
BusinessExitAndOtherCosts
|
800000 | |
| CY2017Q1 | us-gaap |
Disposal Group Including Discontinued Operation Other Income
DisposalGroupIncludingDiscontinuedOperationOtherIncome
|
2300000 | |
| CY2018Q1 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-2400000 | |
| CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
| CY2018Q1 | pkg |
Tax Cuts And Jobs Act Of2017 Maximum Measurement Period To Finalize Accounting Of Tax
TaxCutsAndJobsActOf2017MaximumMeasurementPeriodToFinalizeAccountingOfTax
|
P1Y | |
| CY2018Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.249 | |
| CY2017Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.345 | |
| CY2018Q1 | pkg |
Tax Cuts And Jobs Act Of2017 Decrease In Federal Tax Rate
TaxCutsAndJobsActOf2017DecreaseInFederalTaxRate
|
0.140 | |
| CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
|
0.032 | |
| CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.008 | |
| CY2018Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
10300000 | |
| CY2017Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
9700000 | |
| CY2018Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
293900000 | |
| CY2017Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
279800000 | |
| CY2018Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
14400000 | |
| CY2017Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
12600000 | |
| CY2018Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
202200000 | |
| CY2017Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
217000000 | |
| CY2018Q1 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
255900000 | |
| CY2017Q4 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
253100000 | |
| CY2018Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6414300000 | |
| CY2017Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6311200000 | |
| CY2018Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3452900000 | |
| CY2017Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3386300000 | |
| CY2018Q1 | us-gaap |
Depreciation
Depreciation
|
94600000 | |
| CY2017Q1 | us-gaap |
Depreciation
Depreciation
|
82400000 | |
| CY2018Q1 | us-gaap |
Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
|
8300000 | |
| CY2018Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
55200000 | |
| CY2017 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
29800000 | |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P11Y6M | |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
535000000 | |
| CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
135400000 | |
| CY2017 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P11Y8M12D | |
| CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
535000000 | |
| CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
125000000 | |
| CY2018Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
10400000 | |
| CY2017Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
8300000 | |
| CY2017Q4 | pkg |
Accrual For Franchise Property Sales And Use Taxes Current
AccrualForFranchisePropertySalesAndUseTaxesCurrent
|
16000000 | |
| CY2018Q1 | us-gaap |
Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
|
4400000 | |
| CY2017Q4 | us-gaap |
Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
|
4000000 | |
| CY2018Q1 | us-gaap |
Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
|
3300000 | |
| CY2017Q4 | us-gaap |
Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
|
3100000 | |
| CY2018Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
13100000 | |
| CY2017Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
5300000 | |
| CY2018Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
2495800000 | |
| CY2017Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
2645700000 | |
| CY2018Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | |
| CY2018Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
14600000 | |
| CY2018Q1 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
78400000 | |
| CY2017Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
127500000 | |
| CY2018Q1 | pkg |
Accrued Medical Insurance And Workers Compensation Current
AccruedMedicalInsuranceAndWorkersCompensationCurrent
|
25500000 | |
| CY2017Q4 | pkg |
Accrued Medical Insurance And Workers Compensation Current
AccruedMedicalInsuranceAndWorkersCompensationCurrent
|
23900000 | |
| CY2018Q1 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
16800000 | |
| CY2017Q4 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
23400000 | |
| CY2018Q1 | pkg |
Accrual For Franchise Property Sales And Use Taxes Current
AccrualForFranchisePropertySalesAndUseTaxesCurrent
|
15500000 | |
| CY2017Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
15300000 | |
| CY2018Q1 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.0364 | |
| CY2017Q4 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.0380 | |
| CY2018Q1 | us-gaap |
Interest Paid
InterestPaid
|
12500000 | |
| CY2017Q1 | us-gaap |
Interest Paid
InterestPaid
|
18000000 | |
| CY2018Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
1400000 | |
| CY2017Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
1400000 | |
| CY2018Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
700000 | |
| CY2017Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
500000 | |
| CY2018Q1 | us-gaap |
Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
|
4600000 | |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate
|
2023-05-01 | |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
10600000 | |
| CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
1000000 | |
| CY2018Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5100000 | |
| CY2017Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4600000 | |
| CY2018Q1 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
1300000 | |
| CY2017Q1 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
1800000 | |
| CY2018Q1 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
3800000 | |
| CY2017Q1 | us-gaap |
Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
|
2800000 | |
| CY2018Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
35400000 | |
| CY2018Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y4M24D | |
| CY2018Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.63 | |
| CY2016Q1 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
200000000 | |
| CY2018Q1 | pkg |
Repurchases Of Common Stock Under Stock Repurchase Program
RepurchasesOfCommonStockUnderStockRepurchaseProgram
|
0 | |
| CY2018Q1 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
193000000 | |
| CY2018Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-3900000 | |
| CY2018Q1 | us-gaap |
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
|
-5200000 | |
| CY2018Q1 | pkg |
Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months Net Of Tax
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonthsNetOfTax
|
-3900000 | |
| CY2018Q1 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
2900000 | |
| CY2017Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
3000000 | |
| CY2018Q1 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
2900000 | |
| CY2017Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
3000000 |
