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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information by Segment | Selected financial information by reportable segment was as follows (dollars in millions):
|  | Sales, net |  |  |  |  |
Three Months Ended March 31, 2024 |  | Trade |  |  | Intersegment |  |  | Total |  |  | Operating Income (Loss) |  |
Packaging |  | $ | 1,793.5 |  |  | $ | 4.8 |  |  | $ | 1,798.3 |  |  | $ | 203.8 |  | (a)
Paper |  |  | 163.8 |  |  |  | — |  |  |  | 163.8 |  |  |  | 29.7 |  | (a)
Corporate and Other |  |  | 22.2 |  |  |  | 39.4 |  |  |  | 61.6 |  |  |  | (37.5 | ) |
Intersegment eliminations |  |  | — |  |  |  | (44.2 | ) |  |  | (44.2 | ) |  |  | — |  |
|  | $ | 1,979.5 |  |  | $ | — |  |  | $ | 1,979.5 |  |  |  | 196.0 |  |
Non-operating pension income |  |  |  |  |  |  |  |  |  |  |  | 1.1 |  |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  | (9.6 | ) |
Income before taxes |  |  |  |  |  |  |  |  |  |  | $ | 187.5 |  |
|  | Sales, net |  |  |  |  |
Three Months Ended March 31, 2023 |  | Trade |  |  | Intersegment |  |  | Total |  |  | Operating Income (Loss) |  |
Packaging |  | $ | 1,803.5 |  |  | $ | 5.1 |  |  | $ | 1,808.6 |  |  | $ | 268.0 |  | (b)
Paper |  |  | 150.9 |  |  |  | — |  |  |  | 150.9 |  |  |  | 34.1 |  | (b)
Corporate and Other |  |  | 21.9 |  |  |  | 38.6 |  |  |  | 60.5 |  |  |  | (31.4 | ) |
Intersegment eliminations |  |  | — |  |  |  | (43.7 | ) |  |  | (43.7 | ) |  |  | — |  |
|  | $ | 1,976.3 |  |  | $ | — |  |  | $ | 1,976.3 |  |  |  | 270.7 |  |
Non-operating pension expense |  |  |  |  |  |  |  |  |  |  |  | (2.0 | ) |
Interest expense, net |  |  |  |  |  |  |  |  |  |  |  | (15.4 | ) |
Income before taxes |  |  |  |  |  |  |  |  |  |  | $ | 253.3 |  |
(a) | The three months ended March 31, 2024 include the following:
| 1. | $10.4 million of charges related to the announced discontinuation of production of UFS paper grades on the No. 3 machine at the Jackson, Alabama mill associated with the permanent conversion of the machine to produce linerboard and other paper-to-containerboard conversion related activities.
| 2. | $0.1 million of income primarily related to a favorable lease buyout for a closed corrugated products facility, partially offset by closure costs related to corrugated products facilities and design centers.
(b) | The three months ended March 31, 2023 include the following:
| 1. | $9.7 million of charges consisting of closure costs related to corrugated products facilities and design centers.
| 2. | $1.2 million of charges related to the announced discontinuation of production of UFS paper grades on the No. 3 machine at the Jackson, Alabama mill associated with the permanent conversion of the machine to produce linerboard and other paper-to-containerboard conversion related activities.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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