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Stockholders' Equity | 3 Months Ended
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Mar. 31, 2021
Equity [Abstract] |
Stockholders' Equity |
1 5. | Stockholders' Equity
Dividends During the three months ended March 31, 2021, we paid $94.8 million of dividends to shareholders. On February 23, 2021, PCA’s Board of Directors declared a regular quarterly cash dividend of $1.00 per share of common stock, which was paid on April 15, 2021 to shareholders of record as of March 15, 2021. The dividend payment was $95.0 million. Repurchases of Common Stock On February 25, 2016, PCA announced that its Board of Directors authorized the repurchase of $200.0 million of the Company’s outstanding common stock. Repurchases may be made from time to time in open market or privately negotiated transactions in accordance with applicable securities regulations. The timing and amount of repurchases will be determined by the Company in its discretion based on factors such as PCA’s stock price and market and business conditions. The Company did not repurchase any shares of its common stock under this authority during the three months ended March 31, 2021. At March 31, 2021, $193.0 million of the authorized amount remained available for repurchase of the Company’s common stock. Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) (AOCI) by component were as follows (dollars in millions). Amounts in parentheses indicate losses:
|  | Foreign Currency Translation Adjustments |  |  | Unrealized Loss on Foreign Exchange Contracts |  |  | Unrealized Loss on Marketable Debt Securities |  |  | Unfunded Employee Benefit Obligations |  |  | Total |
Balance at January 1, 2021 |  | $ | (0.4 | ) |  | $ | (0.2 | ) |  | $ | 0.3 |  |  | $ | (144.2 | ) |  | $ | (144.5 | )
Other comprehensive income before reclassifications, net of tax |  |  | — |  |  |  | — |  |  |  | (0.1 | ) |  |  | — |  |  |  | (0.1 | )
Amounts reclassified from AOCI, net of tax |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2.5 |  |  |  | 2.5 |
Balance at March 31, 2021 |  | $ | (0.4 | ) |  | $ | (0.2 | ) |  | $ | 0.2 |  |  | $ | (141.7 | ) |  | $ | (142.1 | )
Reclassifications out of AOCI were as follows (dollars in millions). Amounts in parentheses indicate expenses in the Consolidated Statements of Income:
|  | Amounts Reclassified from AOCI |  |  |
|  | Three Months Ended March 31, |  |  |
Details about AOCI Components |  | 2021 |  |  | 2020 |  |  |
Unfunded employee benefit obligations (a) |  |  |  |  |  |  |  |  |  |
Amortization of prior service costs |  | $ | (0.8 | ) |  | $ | (1.0 | ) |  | See (a) below
Amortization of actuarial losses |  |  | (2.5 | ) |  |  | (2.6 | ) |  | See (a) below
|  |  | (3.3 | ) |  |  | (3.6 | ) |  | Total before tax
|  |  | 0.8 |  |  |  | 0.9 |  |  | Tax benefit
|  | $ | (2.5 | ) |  | $ | (2.7 | ) |  | Net of tax
(a) | These AOCI components are included in the computation of net pension and postretirement benefit costs. See Note 13, Employee Benefit Plans and Other Postretirement Benefits, for additional information.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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