Other Income (Expense), Net (Tables)

9 Months Ended

Sep. 30, 2025

Other Income and Expenses [Abstract]

Components of Other Income (Expense), Net

The components of other expense, net, were as follows (dollars in millions):


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2025			2024			2025			2024
Asset disposals and write-offs	$	(12.0	)	$	(11.4	)	$	(30.8	)	$	(26.9	)
DeRidder litigation and other litigation (a)		(3.5	)		(2.0	)		(3.5	)		(127.7	)
DeRidder litigation and other litigation insurance recovery (a)		3.5			2.0			3.5			127.7
Facilities closure and other (costs) income (b)		(1.3	)		(0.3	)		21.6			(0.3	)
Acquisition and integration-related costs (c)		(5.9	)		—			(7.5	)		—
Jackson mill conversion-related activities (d)		—			—			—			(7.6	)
Other		(6.3	)		(4.4	)		(18.0	)		(16.2	)
Total	$	(25.5	)	$	(16.1	)	$	(34.7	)	$	(51.0	)

(a)

For the three and nine months ended September 30, 2025, includes charges and income related to fully insured settlement amounts. For the three and nine months ended September 30, 2024, includes charges and income related to the DeRidder mill lawsuit for compensatory damages plus interest. For more information on the DeRidder mill lawsuit, see Note 19, Commitments, Guarantees, Indemnifications, and Legal Proceedings, of the Notes to Consolidated Financial Statements in “Part II, Item 8. Financial Statements and Supplementary Data” of our 2024 Annual Report on Form 10-K.

(b)

For the three and nine months ended September 30, 2025, includes charges and income, respectively, related to the closure of certain corrugated products facilities. For the three months ended September 30, 2025, the charges were partially offset by a gain on an asset disposal related to a closed corrugated products facility. For the nine months ended September 30, 2025, these charges were completely offset by gains from the sales of corrugated products facilities during the second quarter of 2025. For the three and nine months ended September 30, 2024, includes charges consisting of closure costs related to corrugated products facilities. For the nine months ended September 30, 2024, these charges were partially offset by income primarily related to a favorable lease buyout for a closed corrugated products facility during the first quarter of 2024.

(c)

Includes charges for acquisition and integration costs related to the September 2025 Greif Acquisition.

(d)

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.