GENERAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Transfer of Financial Assets Accounted for as Sales

The following table summarizes the activity under these programs for the six months ended June 30, 2024 and 2023, respectively:


	Six Months Ended June 30,
In millions	2024		2023
Receivables Sold and Derecognized	$	1,809	$	1,897
Proceeds Collected on Behalf of Financial Institutions	1,796		1,809
Net Proceeds (Paid to) Received from Financial Institutions	(31)		41
Deferred Purchase Price at June 30(a)	27		15
Pledged Receivables at June 30	152		211

(a) Included in Other Current Assets on the Condensed Consolidated Balance Sheets and represents a beneficial interest in the receivables sold to the financial institutions, which is a Level 3 fair value measure.

Schedule Of Share Repurchases During The Period

The following table presents the Company's share repurchases under the 2019 and 2023 share repurchase programs for the six months ended June 30, 2024 and 2023 respectively:


Amount repurchased in millions, except share and per share amounts	Amount Repurchased		Number of Shares Repurchased	Average Price per Share

2024(a)(b)	$	200	7,243,734	$	27.61
2023	$	29	1,224,232	$	24.07

(a) Including $65 million shares repurchased under the 2019 share repurchase program thereby completing that program.

(b) Excluding $2 million of excise taxes incurred in 2024.

Schedule of Dividends Declared

During the first six months of 2024, the Company's board of directors declared two regular quarterly dividends of $0.10 per share of common stock to shareholders of record as follows:


Date Declared	Record Date	Payment Date
February 16, 2024	March 15, 2024	April 5, 2024
May 23, 2024	June 15, 2024	July 5, 2024

Schedule of Restructuring and Other Special Items

The following table summarizes the transactions recorded in Business Combinations, Exit Activities and Other Special Items, Net in the Condensed Consolidated Statements of Operations:


	Three Months Ended June 30,				Six Months Ended June 30,
In millions	2024		2023		2024		2023
Charges Associated with Business Combinations(a)	$	—	$	2	$	1	$	2
Exit Activities(b)	13		6		22		17
(Gains)/Charges Associated with Divestitures(c)	(74)		3		(72)		7
Other Special Items(d)	5		8		10		8
Total	$	(56)	$	19	$	(39)	$	34

(a) These costs relate to the Tama Paperboard, LLC (“Tama”) and Bell Incorporated (“Bell”) acquisitions.

(b) Relates to the Company's closures of its three smaller recycled paperboard manufacturing facilities (which includes Tama), and the closures of multiple packaging facilities (see “Note 13 - Exit Activities”).

(c) Includes the sale of the Augusta, Georgia bleached paperboard manufacturing facility (the “Augusta divestiture”) in 2024 and the sale of the Company's Russian operations in 2023 (see “Note 14 - Divestitures”).

(d) These costs include $3 million related to the devaluation of the Nigerian Naira and $6 million related to the change in terms of the 2024 grant of restricted stock units under the Graphic Packaging Holding Company 2014 Omnibus Stock and Incentive Compensation Plan (see “Note 5 - Stock Incentive Plans”) through June 30, 2024. In 2023, $7 million related to the devaluation of the Nigerian Naira in June 2023.