XML 87 R76.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Segment Information - Selected Financial Information by Reportable Segment (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Net sales |  | $ 1,809.9 |  | $ 1,640.1 | [1] | $ 5,268.1 |  | $ 4,760.6 | [1]
Operating Income (Loss) | [2] | 298.5 |  | 242.6 |  | 781.0 |  | 680.1 |
Interest expense, net and other | [2] | (24.4) |  | (25.7) |  | (75.0) |  | (75.5) |
Income before taxes | [2] | 274.1 |  | 216.9 |  | 706.0 |  | 604.6 |
Trade |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Net sales |  | 1,809.9 |  | 1,640.1 |  | 5,268.1 |  | 4,760.6 |
Intersegment Eliminations |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Net sales |  | (39.1) |  | (39.0) |  | (114.4) |  | (109.9) |
Segment Reconciling Items |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Net sales |  | (39.1) |  | (39.0) |  | (114.4) |  | (109.9) |
Packaging |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Net sales |  | 1,535.1 |  | 1,346.6 | [1] | 4,434.2 |  | 3,915.0 | [1]
Operating Income (Loss) | [2] | 284.4 | [3] | 263.2 | [4] | 782.3 | [3] | 681.7 | [4],[5]
Packaging | Trade |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Net sales |  | 1,528.3 |  | 1,340.6 |  | 4,414.7 |  | 3,897.4 |
Packaging | Intersegment Eliminations |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Net sales |  | 6.8 |  | 6.0 |  | 19.5 |  | 17.6 |
Packaging | Operating Segments |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Net sales |  | 1,535.1 |  | 1,346.6 |  | 4,434.2 |  | 3,915.0 |
Paper |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Net sales |  | 254.3 |  | 271.4 | [1] | 774.5 |  | 784.3 | [1]
Operating Income (Loss) | [2] | 32.3 | [3] | (2.6) | [4] | 55.7 | [3] | 52.5 | [4]
Paper | Trade |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Net sales |  | 254.3 |  | 271.4 |  | 774.5 |  | 784.3 |
Paper | Operating Segments |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Net sales |  | 254.3 |  | 271.4 |  | 774.5 |  | 784.3 |
Corporate and Other |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Net sales |  | 20.5 |  | 22.1 | [1] | 59.4 |  | 61.3 | [1]
Operating Income (Loss) | [2] | (18.2) | [3] | (18.0) |  | (57.0) | [3] | (54.1) | [4],[5]
Corporate and Other | Trade |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Net sales |  | 27.3 |  | 28.1 |  | 78.9 |  | 78.9 |
Corporate and Other | Intersegment Eliminations |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Net sales |  | 32.3 |  | 33.0 |  | 94.9 |  | 92.3 |
Corporate and Other | Operating Segments |  |  |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |  |  |
Net sales |  | $ 59.6 |  | $ 61.1 |  | $ 173.8 |  | $ 171.2 |
[1] | Prior periods have not been adjusted under the modified retrospective method for Topic 606.
[2] | (a)Effective January 1, 2018, the Company adopted ASU 2017-07, Compensation: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost and applied this standard retrospectively to the prior period reflected herein. This new standard requires the presentation of non-service cost components of net periodic benefits expense to be shown separately outside the subtotal of operating income in the income statement. See Note 2, New and Recently Adopted Accounting Standards, for more information. The components of our financial statements affected by the change in presentation of operating and non-operating pension expense as originally reported in 2017 and as adjusted for the requirements per the new standard are as follows (dollars in millions): Segment income (loss) Three Months Ended September 30, 2017 As Reported Non-Operating Pension Adjustment Three Months Ended September 30, 2017 Adjusted Packaging $261.5 $1.7 $263.2 Paper (0.7) (1.9) (2.6) Corporate (18.5) 0.5 (18.0) Income from operations 242.3 0.3 242.6 Interest expense, net and other (25.4) (0.3) (25.7) Income before taxes $216.9 $— $216.9 Segment income (loss) Nine Months Ended September 30, 2017 As Reported Non-Operating Pension Adjustment Nine Months Ended September 30, 2017 Adjusted Packaging $676.8 $4.9 $681.7 Paper 58.1 (5.6) 52.5 Corporate (55.7) 1.6 (54.1) Income from operations 679.2 0.9 680.1 Interest expense, net and other (74.6) (0.9) (75.5) Income before taxes $604.6 $— $604.6
[3] | (b)The three and nine months ended September 30, 2018 include: $4.0 million and $26.4 million, respectively, of charges related to the second quarter 2018 discontinuation of uncoated free sheet and coated one-side grades at the Wallula, Washington mill associated with the conversion of the No. 3 paper machine to a high-performance 100% virgin kraft linerboard machine. $1.3 million and $1.8 million, respectively, of charges consisting of closure costs related to corrugated products facilities and a corporate administration facility. $0.5 million of costs for the property damage insurance deductible for a weather-related incident at one of the corrugated products facilities. 4.$0.1 million of charges related to the Sacramento Container acquisition and integration.
[4] | (c)The three and nine months ended September 30, 2017 include: $0.9 million and $1.9 million, respectively, of charges consisting of closure costs related to corrugated products facilities, a paper administration facility, and a lump sum settlement of a multiemployer pension plan withdrawal liability for one of our corrugated products facilities. $0.5 million and $0.8 million, respectively, of charges related to the Sacramento Container Corporation acquisition and integration costs related to other recent acquisitions. $25.3 million of charges related to the second quarter 2018 discontinuation of uncoated free sheet and coated one-side grades at the Wallula, Washington mill associated with the conversion of the No. 3 paper machine to a high-performance 100% virgin kraft linerboard machine.
[5] | (d)The nine months ended September 30, 2017 include: 1.$5.0 million of costs for the property damage and business interruption insurance deductible corresponding to the February 2017 explosion at our DeRidder, Louisiana mill. 2.$2.3 million of income related to a working capital adjustment from the April 2015 sale of our Hexacomb corrugated manufacturing operations in Europe and Mexico.

X
- Definition Interest income (expense) and other nonoperating, net. + References No definition available. + Details
Name: | pkg_InterestIncomeExpenseAndOtherNonoperatingNet
Namespace Prefix: | pkg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 20 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68072869&loc=d3e41242-110953 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(10)) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(8)) -URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(15)) -URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260 + Details
Name: | us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net result for the period of deducting operating expenses from operating revenues. + References No definition available. + Details
Name: | us-gaap_OperatingIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130543-203045 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130539-203045 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_ProductOrServiceAxis=pkg_TradeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_MaterialReconcilingItemsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pkg_PackagingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=pkg_PaperMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=us-gaap_CorporateAndOtherMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |