10-Q Filing

PACKAGING CORP OF AMERICA CIK: 75677 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-038396`
Period End Date	20230630
Filing Date	20230804
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	pkg-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 84 Cash Flow Statement 64 Stockholders Equity 28

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for credit losses and customer deductions	`AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent`	$19.60M	USD	Point-in-time
Allowance for credit losses and customer deductions	`AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent`	$13.10M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$477.10M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	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
Short-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$101.90M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	89.90M	shares	Point-in-time
Accounts receivable, net of allowance for credit losses and customer deductions of $13.8 million and $19.6 million as of June 30, 2023 and December 31, 2022, respectively	`AccountsReceivableNetCurrent`	$1.03B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses and customer deductions of $13.8 million and $19.6 million as of June 30, 2023 and December 31, 2022, respectively	`AccountsReceivableNetCurrent`	$1.02B	USD	Point-in-time
Inventories	`InventoryNet`	$992.20M	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`	$75.50M	USD	Point-in-time
Federal and state income taxes receivable	`IncomeTaxesReceivable`	$35.70M	USD	Point-in-time
Federal and state income taxes receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.67B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.51B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$3.90B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$3.89B	USD	Point-in-time
Goodwill	`Goodwill`	$922.40M	USD	Point-in-time
Goodwill	`Goodwill`	$922.40M	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$267.90M	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$248.70M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$298.30M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$286.20M	USD	Point-in-time
Long-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$50.60M	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`	$41.30M	USD	Point-in-time
Total assets	`Assets`	$8.00B	USD	Point-in-time
Total assets	`Assets`	$8.11B	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityCurrent`	$75.00M	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityCurrent`	$72.20M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityCurrent`	$1.90M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityCurrent`	$1.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$365.80M	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`	$115.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$263.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$219.90M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$11.70M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$11.80M	USD	Point-in-time
Federal and state income taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Federal and state income taxes payable	`TaxesPayableCurrent`	$8.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$875.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$797.70M	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`	$221.90M	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$234.60M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityNoncurrent`	$9.80M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityNoncurrent`	$10.80M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$538.60M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$543.00M	USD	Point-in-time
Compensation and benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$153.50M	USD	Point-in-time
Compensation and benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$141.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$61.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$57.40M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.46B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.46B	USD	Point-in-time
Commitments and contingent liabilities	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.01 per share, 300.0 million shares authorized, 89.9 million and 89.7 million shares issued as of June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$900.00K	USD	Point-in-time
Common stock, par value $0.01 per share, 300.0 million shares authorized, 89.9 million and 89.7 million shares issued as of June 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$900.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$607.40M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$581.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.19B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.34B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-98.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-102.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.85B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.67B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.11B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.00B	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Changes in unrealized losses on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$100.00K	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.93B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.95B	USD	1 Quarter
Changes in unrealized losses on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-200.00K	USD	2 Qtrs
Changes in unrealized losses on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$500.00K	USD	2 Qtrs
Changes in unrealized losses on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.24B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.37B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$3.05B	USD	2 Qtrs
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$-1.10M	USD	2 Qtrs
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$-600.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.51B	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$-400.00K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.65B	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$-700.00K	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$3.25B	USD	2 Qtrs
Gross profit	`GrossProfit`	$588.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$444.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$876.10M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.12B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$317.70M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$145.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$293.90M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$156.70M	USD	1 Quarter
Other expense, net	`OperatingCostsAndExpenses`	$14.70M	USD	1 Quarter
Other expense, net	`OperatingCostsAndExpenses`	$27.20M	USD	2 Qtrs
Other expense, net	`OperatingCostsAndExpenses`	$16.30M	USD	1 Quarter
Other expense, net	`OperatingCostsAndExpenses`	$31.90M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$772.40M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$284.40M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$415.80M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$555.00M	USD	2 Qtrs
Non-operating pension (expense) income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$4.00M	USD	2 Qtrs
Non-operating pension (expense) income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-7.30M	USD	2 Qtrs
Non-operating pension (expense) income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$2.00M	USD	1 Quarter
Non-operating pension (expense) income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-3.60M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-29.90M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-38.70M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-14.60M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-18.80M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$521.10M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$267.80M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$741.00M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$400.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$65.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$128.30M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$99.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$185.30M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$301.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$555.70M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$392.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$202.70M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$5.93	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$3.22	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.25	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$4.37	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$5.91	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$3.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.24	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$4.35	USD	2 Qtrs
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.25	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$2.50	USD	2 Qtrs
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.25	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$2.25	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$301.50M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$555.70M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$392.80M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$202.70M	USD	1 Quarter
Changes in unrealized gains (losses) on marketable debt securities, net of tax of $0.0 million, $0.1 million, ($0.2) million, and $0.5 million, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$500.00K	USD	2 Qtrs
Changes in unrealized gains (losses) on marketable debt securities, net of tax of $0.0 million, $0.1 million, ($0.2) million, and $0.5 million, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.50M	USD	2 Qtrs
Changes in unrealized gains (losses) on marketable debt securities, net of tax of $0.0 million, $0.1 million, ($0.2) million, and $0.5 million, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-300.00K	USD	1 Quarter
Changes in unrealized gains (losses) on marketable debt securities, net of tax of $0.0 million, $0.1 million, ($0.2) million, and $0.5 million, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($0.6) million, ($0.4) million, ($1.1) million, and ($0.7) million, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$2.30M	USD	2 Qtrs
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($0.6) million, ($0.4) million, ($1.1) million, and ($0.7) million, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$3.20M	USD	2 Qtrs
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($0.6) million, ($0.4) million, ($1.1) million, and ($0.7) million, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$1.60M	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($0.6) million, ($0.4) million, ($1.1) million, and ($0.7) million, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$1.10M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.70M	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$800.00K	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.60M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$800.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$302.30M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$396.50M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$204.30M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$556.50M	USD	2 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$392.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$555.70M	USD	2 Qtrs
Depreciation, depletion, and amortization of intangibles	`DepreciationDepletionAmortizationAndOtherCashFlowImpact`	$257.40M	USD	2 Qtrs
Depreciation, depletion, and amortization of intangibles	`DepreciationDepletionAmortizationAndOtherCashFlowImpact`	$224.00M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$1.00M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$1.10M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$21.60M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$24.80M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$28.80M	USD	2 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$-5.40M	USD	2 Qtrs
Loss on asset disposals	`GainLossOnDispositionOfAssets1`	$-12.10M	USD	2 Qtrs
Loss on asset disposals	`GainLossOnDispositionOfAssets1`	$-3.20M	USD	2 Qtrs
Pension and post-retirement benefits expense, net of contributions	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$-9.80M	USD	2 Qtrs
Pension and post-retirement benefits expense, net of contributions	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$-1.70M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$12.70M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$200.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$140.90M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.80M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$51.70M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$14.90M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$27.30M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$17.50M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$25.10M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-32.20M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-18.30M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-43.00M	USD	2 Qtrs
Federal and state income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-12.30M	USD	2 Qtrs
Federal and state income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-43.70M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$644.30M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$640.30M	USD	2 Qtrs
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$397.50M	USD	2 Qtrs
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$238.80M	USD	2 Qtrs
Additions to other long term assets	`PaymentsToAcquireOtherProductiveAssets`	$2.60M	USD	2 Qtrs
Additions to other long term assets	`PaymentsToAcquireOtherProductiveAssets`	$2.20M	USD	2 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$400.00K	USD	2 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$400.00K	USD	2 Qtrs
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$55.70M	USD	2 Qtrs
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$64.20M	USD	2 Qtrs
Proceeds from sales of marketable debt securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$19.90M	USD	2 Qtrs
Proceeds from sales of marketable debt securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$1.20M	USD	2 Qtrs
Proceeds from maturities of marketable debt securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$52.90M	USD	2 Qtrs
Proceeds from maturities of marketable debt securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$44.00M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.90M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-398.10M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-242.20M	USD	2 Qtrs
Repayments of debt and finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$900.00K	USD	2 Qtrs
Repayments of debt and finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$900.00K	USD	2 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$187.20M	USD	2 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$224.50M	USD	2 Qtrs
Shares withheld to cover employee restricted stock taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.60M	USD	2 Qtrs
Shares withheld to cover employee restricted stock taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.50M	USD	2 Qtrs
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-197.60M	USD	2 Qtrs
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-241.00M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$48.60M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$157.10M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$667.30M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$477.10M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$320.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$618.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$667.30M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$477.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$320.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$618.70M	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.96B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.67B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.85B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.61B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.76B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.78B	USD	Point-in-time
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$15.60M	USD	2 Qtrs
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$9.50M	USD	2 Qtrs
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$10.80M	USD	1 Quarter
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$9.20M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$211.90M	USD	2 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$117.70M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$112.90M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$226.10M	USD	2 Qtrs
Share-based compensation and other	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.80M	USD	1 Quarter
Share-based compensation and other	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$26.70M	USD	2 Qtrs
Share-based compensation and other	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$22.20M	USD	2 Qtrs
Share-based compensation and other	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.30M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$302.30M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$396.50M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$204.30M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$556.50M	USD	2 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.96B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.67B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.85B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.61B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.76B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.78B	USD	Point-in-time

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