10-K Filing

PACKAGING CORP OF AMERICA CIK: 75677 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0000950170-23-003990`
Period End Date	20221231
Filing Date	20230223
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	pkg-20221231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 76 Cash Flow Statement 112 Stockholders Equity 24

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for credit losses and customer deductions	`AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent`	$14.30M	USD	Point-in-time
Allowance for credit losses and customer deductions	`AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent`	$19.60M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$320.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$618.70M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	93.50M	shares	Point-in-time
Short-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$86.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	89.70M	shares	Point-in-time
Short-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$85.20M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses and customer deductions of $19.6 million and $14.3 million as of December 31, 2022 and 2021, respectively	`AccountsReceivableNetCurrent`	$1.03B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses and customer deductions of $19.6 million and $14.3 million as of December 31, 2022 and 2021, respectively	`AccountsReceivableNetCurrent`	$1.07B	USD	Point-in-time
Inventories	`InventoryNet`	$902.50M	USD	Point-in-time
Inventories	`InventoryNet`	$977.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$58.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$47.00M	USD	Point-in-time
Federal and state income taxes receivable	`IncomeTaxesReceivable`	$7.40M	USD	Point-in-time
Federal and state income taxes receivable	`IncomeTaxesReceivable`	$35.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.51B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.73B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.53B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.90B	USD	Point-in-time
Goodwill	`Goodwill`	$922.40M	USD	Point-in-time
Goodwill	`Goodwill`	$923.50M	USD	Point-in-time
Goodwill	`Goodwill`	$863.50M	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$308.40M	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$267.90M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$238.30M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$298.30M	USD	Point-in-time
Long-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$60.00M	USD	Point-in-time
Long-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$64.90M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$42.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$44.90M	USD	Point-in-time
Total assets	`Assets`	$7.84B	USD	Point-in-time
Total assets	`Assets`	$8.00B	USD	Point-in-time
Total assets	`Assets`	$7.43B	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityCurrent`	$72.20M	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityCurrent`	$67.10M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityCurrent`	$1.90M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityCurrent`	$1.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$452.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$410.40M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$115.50M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$96.30M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$263.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$255.00M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$11.80M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$12.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$875.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$884.80M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.47B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.47B	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$179.30M	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$234.60M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityNoncurrent`	$12.70M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityNoncurrent`	$10.80M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$543.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$465.90M	USD	Point-in-time
Compensation and benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$157.40M	USD	Point-in-time
Compensation and benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$141.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$58.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$57.40M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.34B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.46B	USD	Point-in-time
Commitments and contingent liabilities (Note 21)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 21)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.01 per share, 300.0 million shares authorized, 89.7 million and 93.5 million shares issued as of December 31, 2022 and 2021, respectively	`CommonStockValue`	$900.00K	USD	Point-in-time
Common stock, par value $0.01 per share, 300.0 million shares authorized, 89.7 million and 93.5 million shares issued as of December 31, 2022 and 2021, respectively	`CommonStockValue`	$900.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$581.80M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$579.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.19B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.10B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-102.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-75.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.67B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.61B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.84B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.00B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Changes in unrealized gains on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-100.00K	USD	Annual
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.66B	USD	Annual
Changes in unrealized gains on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$200.00K	USD	Annual
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.73B	USD	Annual
Changes in unrealized gains on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$500.00K	USD	Annual
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$8.48B	USD	Annual
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$-3.30M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$6.39B	USD	Annual
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$-1.50M	USD	Annual
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$-3.60M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$5.29B	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$5.86B	USD	Annual
Gross profit	`GrossProfit`	$1.37B	USD	Annual
Changes in unfunded employee benefit obligations, tax	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodTax`	$10.10M	USD	Annual
Gross profit	`GrossProfit`	$1.87B	USD	Annual
Changes in unfunded employee benefit obligations, tax	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodTax`	$-1.30M	USD	Annual
Changes in unfunded employee benefit obligations, tax	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodTax`	$-19.90M	USD	Annual
Gross profit	`GrossProfit`	$2.09B	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$539.60M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$576.80M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$608.60M	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	$55.20M	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Other expense, net	`OperatingCostsAndExpenses`	$61.30M	USD	Annual
Other expense, net	`OperatingCostsAndExpenses`	$50.70M	USD	Annual
Other expense, net	`OperatingCostsAndExpenses`	$54.80M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$723.90M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.24B	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.42B	USD	Annual
Non-operating pension income (expense)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-14.50M	USD	Annual
Non-operating pension income (expense)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-19.70M	USD	Annual
Non-operating pension income (expense)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-2.30M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-93.50M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-70.40M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-152.40M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$632.70M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.11B	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.36B	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$171.70M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$267.60M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$335.00M	USD	Annual
Net income	`NetIncomeLoss`	$841.10M	USD	Annual
Net income	`NetIncomeLoss`	$1.03B	USD	Annual
Net income	`NetIncomeLoss`	$461.00M	USD	Annual
Basic	`EarningsPerShareBasic`	$8.87	USD	Annual
Basic	`EarningsPerShareBasic`	$11.08	USD	Annual
Basic	`EarningsPerShareBasic`	$4.86	USD	Annual
Diluted	`EarningsPerShareDiluted`	$11.03	USD	Annual
Diluted	`EarningsPerShareDiluted`	$4.84	USD	Annual
Diluted	`EarningsPerShareDiluted`	$8.83	USD	Annual
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$3.37	USD	Annual
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$4.75	USD	Annual
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$4.00	USD	Annual
Net income	`NetIncomeLoss`	$841.10M	USD	Annual
Net income	`NetIncomeLoss`	$1.03B	USD	Annual
Net income	`NetIncomeLoss`	$461.00M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$400.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	Annual
Changes in unrealized (losses) gains on marketable debt securities, net of tax of $0.5 million, $0.2 million, and ($0.1) million for 2022, 2021, and 2020, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$300.00K	USD	Annual
Changes in unrealized (losses) gains on marketable debt securities, net of tax of $0.5 million, $0.2 million, and ($0.1) million for 2022, 2021, and 2020, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-500.00K	USD	Annual
Changes in unrealized (losses) gains on marketable debt securities, net of tax of $0.5 million, $0.2 million, and ($0.1) million for 2022, 2021, and 2020, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.70M	USD	Annual
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($1.5) million, ($3.3) million, and ($3.6) million for 2022, 2021, and 2020, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$10.70M	USD	Annual
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($1.5) million, ($3.3) million, and ($3.6) million for 2022, 2021, and 2020, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$4.70M	USD	Annual
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($1.5) million, ($3.3) million, and ($3.6) million for 2022, 2021, and 2020, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$10.00M	USD	Annual
Changes in unfunded employee benefit obligations, net of tax of $10.1 million, ($19.9) million, and ($1.3) million for 2022, 2021, and 2020, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodNetOfTax`	$59.40M	USD	Annual
Changes in unfunded employee benefit obligations, net of tax of $10.1 million, ($19.9) million, and ($1.3) million for 2022, 2021, and 2020, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodNetOfTax`	$4.00M	USD	Annual
Changes in unfunded employee benefit obligations, net of tax of $10.1 million, ($19.9) million, and ($1.3) million for 2022, 2021, and 2020, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodNetOfTax`	$-30.20M	USD	Annual
Net current-period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$69.30M	USD	Annual
Net current-period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$15.00M	USD	Annual
Net current-period other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-27.20M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.00B	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$476.00M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$910.40M	USD	Annual

Cash Flow Statement 112 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$841.10M	USD	Annual
Net income	`ProfitLoss`	$1.03B	USD	Annual
Net income	`ProfitLoss`	$461.00M	USD	Annual
Depreciation, depletion, and amortization of intangibles	`DepreciationDepletionAmortizationAndOtherCashFlowImpact`	$417.50M	USD	Annual
Depreciation, depletion, and amortization of intangibles	`DepreciationDepletionAmortizationAndOtherCashFlowImpact`	$409.90M	USD	Annual
Depreciation, depletion, and amortization of intangibles	`DepreciationDepletionAmortizationAndOtherCashFlowImpact`	$456.80M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$4.40M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$2.60M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$2.10M	USD	Annual
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-56.10M	USD	Annual
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$35.60M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$35.50M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$30.00M	USD	Annual
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$59.40M	USD	Annual
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$34.70M	USD	Annual
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$86.00M	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	$55.20M	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Net loss on asset disposals	`GainLossOnDispositionOfAssets1`	$-6.80M	USD	Annual
Net loss on asset disposals	`GainLossOnDispositionOfAssets1`	$-6.10M	USD	Annual
Net loss on asset disposals	`GainLossOnDispositionOfAssets1`	$-15.20M	USD	Annual
Pension and post-retirement benefits expense, net of contributions	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$63.40M	USD	Annual
Pension and post-retirement benefits expense, net of contributions	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$47.40M	USD	Annual
Pension and post-retirement benefits expense, net of contributions	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$50.50M	USD	Annual
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$18.20M	USD	Annual
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$11.90M	USD	Annual
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$2.00M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$227.20M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-13.20M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-39.30M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$105.50M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$75.20M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-6.30M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.70M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.00M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-400.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-18.10M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$12.20M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$39.70M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$8.30M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$37.90M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.20M	USD	Annual
Federal and state income tax payable / receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$28.40M	USD	Annual
Federal and state income tax payable / receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-21.40M	USD	Annual
Federal and state income tax payable / receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$2.10M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.03B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.50B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.09B	USD	Annual
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$824.20M	USD	Annual
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$421.20M	USD	Annual
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$605.10M	USD	Annual
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$194.90M	USD	Annual
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Additions to other long-term assets	`PaymentsToAcquireOtherProductiveAssets`	$1.80M	USD	Annual
Additions to other long-term assets	`PaymentsToAcquireOtherProductiveAssets`	$6.40M	USD	Annual
Additions to other long-term assets	`PaymentsToAcquireOtherProductiveAssets`	$6.20M	USD	Annual
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$7.90M	USD	Annual
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$2.20M	USD	Annual
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$4.60M	USD	Annual
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$127.40M	USD	Annual
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$110.10M	USD	Annual
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$126.10M	USD	Annual
Proceeds from sales of marketable debt securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$26.70M	USD	Annual
Proceeds from sales of marketable debt securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$31.10M	USD	Annual
Proceeds from sales of marketable debt securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$24.20M	USD	Annual
Proceeds from maturities of marketable debt securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$82.80M	USD	Annual
Proceeds from maturities of marketable debt securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$100.20M	USD	Annual
Proceeds from maturities of marketable debt securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$87.60M	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.90M	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-833.70M	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-426.10M	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-794.40M	USD	Annual
Net proceeds received from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	Annual
Net proceeds received from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	Annual
Net proceeds received from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$690.20M	USD	Annual
Repayments of debt and finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.70M	USD	Annual
Repayments of debt and finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.50M	USD	Annual
Repayments of debt and finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$757.70M	USD	Annual
Financing costs paid	`PaymentsOfFinancingCosts`	-	USD	Annual
Financing costs paid	`PaymentsOfFinancingCosts`	$2.40M	USD	Annual
Financing costs paid	`PaymentsOfFinancingCosts`	-	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$117.10M	USD	Point-in-time
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$420.30M	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$299.60M	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$379.80M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$522.60M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$193.00M	USD	Annual
Shares withheld to cover employee restricted stock taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$12.90M	USD	Annual
Shares withheld to cover employee restricted stock taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.50M	USD	Annual
Shares withheld to cover employee restricted stock taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.40M	USD	Annual
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-960.00M	USD	Annual
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-311.60M	USD	Annual
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-655.60M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-355.90M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$295.10M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-298.70M	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$618.70M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$679.50M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$974.60M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$320.00M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$618.70M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$679.50M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$974.60M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$320.00M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.67B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.61B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.07B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.25B	USD	Point-in-time
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$15.40M	USD	Annual
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$10.50M	USD	Annual
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$12.90M	USD	Annual
Common stock dividends declared	`DividendsCommonStockCash`	$320.90M	USD	Annual
Common stock dividends declared	`DividendsCommonStockCash`	$379.90M	USD	Annual
Common stock dividends declared	`DividendsCommonStockCash`	$441.20M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$37.20M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$30.80M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$36.30M	USD	Annual
Common stock repurchases and retirements	`CommonStockRepurchaseAndRetirements`	$193.00M	USD	Annual
Common stock repurchases and retirements	`CommonStockRepurchaseAndRetirements`	$522.60M	USD	Annual
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$-100.00K	USD	Annual
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$-700.00K	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.00B	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$476.00M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$910.40M	USD	Annual
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.67B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.61B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.07B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.25B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.