XML 21 R14.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Other Income (Expense), Net | 6 Months Ended
--- | ---
Jun. 30, 2024
Other Income and Expenses [Abstract] |
Other Income (Expense), Net | 5. Other Income (Expense), Net The components of other expense, net, were as follows (dollars in millions):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Asset disposals and write-offs |  | $ | (8.0 | ) |  | $ | (6.6 | ) |  | $ | (15.5 | ) |  | $ | (13.2 | )
Jackson mill conversion-related activities (a) |  |  | 0.6 |  |  |  | (1.8 | ) |  |  | (7.6 | ) |  |  | (1.5 | )
Facilities closure and other costs (b) |  |  | (0.1 | ) |  |  | (2.4 | ) |  |  | — |  |  |  | (7.1 | )
DeRidder litigation (c) |  |  | (2.0 | ) |  |  | — |  |  |  | (125.7 | ) |  |  | — |
DeRidder litigation insurance recovery (c) |  |  | 2.0 |  |  |  | — |  |  |  | 125.7 |  |  |  | — |
Other |  |  | (4.7 | ) |  |  | (3.9 | ) |  |  | (11.7 | ) |  |  | (5.4 | )
Total |  | $ | (12.2 | ) |  | $ | (14.7 | ) |  | $ | (34.8 | ) |  | $ | (27.2 | )
(a) Includes items related to the announced discontinuation of production of uncoated freesheet 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. (b) For the three months ended June 30, 2024, includes charges consisting of closure costs related to corrugated products facilities. For the six months ended June 30, 2024, these charges were completely offset by income primarily related to a favorable lease buyout for a closed corrugated products facility during the first quarter of 2024. For 2023, includes charges consisting of closure costs related to corrugated products facilities and design centers. (c) On April 24, 2024, a jury for the remaining DeRidder mill lawsuit that was tried in the U.S. District Court for the Middle District of Louisiana awarded plaintiffs compensatory damages plus interest. The amount of the verdict with interest is within the remaining limits of the Company's liability insurance policies. See Note 19, Commitments, Guarantees, Indemnifications, and Legal Proceedings for additional detail.

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

X
- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/720/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 610 -Publisher FASB -URI https://asc.fasb.org/610/tableOfContent + Details
Name: | us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration