XML 39 R29.htm IDEA: XBRL DOCUMENT
v3.19.3

Leases (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Leases [Abstract] |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to our leases was as follows (dollars in millions):
| September 30, 2019 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 232.3 |
Current portion of operating lease obligations | $ | 60.4 |
Long-term portion of operating lease obligations |  | 177.3 |
Total operating lease obligations | $ | 237.7 |
Finance leases: |  |  |
Buildings | $ | 0.3 |
Machinery and equipment |  | 28.5 |
Total |  | 28.8 |
Less accumulated amortization |  | (17.8 | )
Total | $ | 11.0 |
Current portion of finance lease obligations | $ | 1.5 |
Long-term portion of finance lease obligations |  | 16.4 |
Total finance lease obligations | $ | 17.9 |
Weighted-average remaining lease term (years): |  |  |
Operating leases |  | 5.8 |
Finance leases |  | 9.0 |
Weighted-average discount rate: |  |  |
Operating leases | 4.33% |
Finance leases | 6.66% |
Components of Lease Expense | The components of lease expense were as follows (dollars in millions):
| Three Months Ended September 30, 2019 |  |  | Nine Months Ended September 30, 2019 |
Finance lease cost: |  |  |  |  |  |  |
Amortization of finance lease assets | $ | 0.4 |  |  | $ | 1.1 |
Interest on lease liabilities |  | 0.3 |  |  |  | 0.9 |
Total finance lease cost |  | 0.7 |  |  |  | 2.0 |
Operating lease cost |  | 17.6 |  |  |  | 52.3 |
Short-term lease cost |  | 4.4 |  |  |  | 15.1 |
Variable lease cost |  | 3.2 |  |  |  | 13.0 |
Total lease cost | $ | 25.9 |  |  | $ | 82.4 |
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases was as follows (dollars in millions):
| Nine Months Ended |
| September 30, 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows for operating leases | $ | (44.6 | )
Operating cash flows for finance leases |  | (1.1 | )
Financing cash flows for finance leases |  | (0.9 | )
Right-of-use assets obtained in exchange for new lease obligations: |  |  |
Operating leases | $ | (20.5 | )
Finance leases |  | — |
Supplemental non-cash information on changes in lease liabilities | $ | 33.8 |
Supplemental non-cash information on changes in right-of-use assets | $ | 16.2 |
Schedule of Maturities of Lease Liabilities for Operating and Finance Leases | The maturities of lease liabilities for operating and finance leases at September 30, 2019 were as follows (dollars in millions):
|  | Operating Leases |  |  | Finance Leases |
2019 |  | $ | 18.1 |  |  | $ | 0.7 |
2020 |  |  | 66.9 |  |  |  | 2.7 |
2021 |  |  | 56.6 |  |  |  | 2.7 |
2022 |  |  | 39.2 |  |  |  | 2.7 |
2023 |  |  | 25.4 |  |  |  | 2.7 |
Thereafter |  |  | 63.8 |  |  |  | 12.4 |
Total lease payments |  |  | 270.0 |  |  |  | 23.9 |
Less imputed interest (a) |  |  | (32.3 | ) |  |  | (6.0 | )
Present value of lease liabilities |  | $ | 237.7 |  |  | $ | 17.9 |
(a) | Calculated using the incremental borrowing rate for each lease applied to the future payments.
Schedule of Maturities of Lease Liabilities Under ASU 840 | The maturities of lease liabilities at December 31, 2018 under ASC 840 were as follows (dollars in millions):
|  | Operating Leases |  |  | Finance Leases |
2019 |  | $ | 70.1 |  |  | $ | 2.7 |
2020 |  |  | 58.7 |  |  |  | 2.7 |
2021 |  |  | 47.4 |  |  |  | 2.7 |
2022 |  |  | 29.9 |  |  |  | 2.7 |
2023 |  |  | 17.8 |  |  |  | 2.7 |
Thereafter |  |  | 46.4 |  |  |  | 12.4 |
Total lease payments |  | $ | 270.3 |  |  |  | 25.9 |
Less imputed interest (b) |  |  |  |  |  |  | (6.9 | )
Present value of lease liabilities |  |  |  |  |  | $ | 19.0 |
(b) | Calculated using the incremental borrowing rate for each lease applied to the future payments.

X
- Definition Lessee operating and finance lease liability maturity. + References No definition available. + Details
Name: | pkg_LesseeOperatingAndFinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | pkg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of future minimum lease payments for operating leases and finance leases. + References No definition available. + Details
Name: | pkg_ScheduleOfFutureMinimumLeasePaymentsForOperatingLeasesAndFinanceLeasesTableTextBlock
Namespace Prefix: | pkg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of supplemental balance sheet information related to leases. + References No definition available. + Details
Name: | pkg_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock
Namespace Prefix: | pkg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of supplemental cash flow information related to leases. + References No definition available. + Details
Name: | pkg_ScheduleOfSupplementalCashFlowInformationRelatedToLeasesTableTextBlock
Namespace Prefix: | pkg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration