10-Q Filing

PACKAGING CORP OF AMERICA CIK: 75677 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-058590`
Period End Date	20230930
Filing Date	20231103
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	pkg-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 84 Cash Flow Statement 66 Stockholders Equity 32

Balance Sheet 82 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`	$13.40M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$320.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$573.20M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	89.70M	shares	Point-in-time
Short-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$104.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	89.60M	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 $13.4 million and $19.6 million as of September 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 $13.4 million and $19.6 million as of September 30, 2023 and December 31, 2022, respectively	`AccountsReceivableNetCurrent`	$1.05B	USD	Point-in-time
Inventories	`InventoryNet`	$986.10M	USD	Point-in-time
Inventories	`InventoryNet`	$977.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$64.80M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$58.30M	USD	Point-in-time
Federal and state income taxes receivable	`IncomeTaxesReceivable`	-	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`	$2.77B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$3.90B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$3.86B	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`	$239.20M	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$267.90M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$298.30M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$279.00M	USD	Point-in-time
Long-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$64.90M	USD	Point-in-time
Long-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$49.30M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$42.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$51.00M	USD	Point-in-time
Total assets	`Assets`	$8.00B	USD	Point-in-time
Total assets	`Assets`	$8.18B	USD	Point-in-time
Less current portion	`LongTermDebtCurrent`	$399.50M	USD	Point-in-time
Less current portion	`LongTermDebtCurrent`	-	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityCurrent`	$77.10M	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityCurrent`	$72.20M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityCurrent`	$2.00M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityCurrent`	$1.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$405.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$410.40M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$115.40M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$115.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$245.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$263.70M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$11.80M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$25.50M	USD	Point-in-time
Federal and state income taxes payable	`TaxesPayableCurrent`	$8.40M	USD	Point-in-time
Federal and state income taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.28B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$875.50M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.08B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.47B	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$213.00M	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$234.60M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityNoncurrent`	$9.30M	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`	$536.80M	USD	Point-in-time
Compensation and benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$116.40M	USD	Point-in-time
Compensation and benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$141.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$57.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$60.30M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.46B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.01B	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, 89.6 million and 89.7 million shares issued as of September 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, 89.6 million and 89.7 million shares issued as of September 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$900.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$612.50M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$581.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.37B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.19B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-102.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-96.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.67B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.89B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.18B	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
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.94B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.50B	USD	3 Qtrs
Changes in unrealized losses on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-300.00K	USD	3 Qtrs
Changes in unrealized losses on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$200.00K	USD	1 Quarter
Changes in unrealized losses on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$700.00K	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.13B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.86B	USD	3 Qtrs
Changes in unrealized losses on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-100.00K	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$-500.00K	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$-1.60M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.61B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$4.86B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.52B	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$-1.20M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$4.58B	USD	3 Qtrs
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$-400.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$412.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.64B	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.29B	USD	3 Qtrs
Gross profit	`GrossProfit`	$518.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$144.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$462.90M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$438.10M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$145.20M	USD	1 Quarter
Other expense, net	`OperatingCostsAndExpenses`	$37.10M	USD	3 Qtrs
Other expense, net	`OperatingCostsAndExpenses`	$12.90M	USD	1 Quarter
Other expense, net	`OperatingCostsAndExpenses`	$44.70M	USD	3 Qtrs
Other expense, net	`OperatingCostsAndExpenses`	$9.90M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$258.60M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.13B	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$360.30M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$813.60M	USD	3 Qtrs
Non-operating pension (expense) income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-3.60M	USD	1 Quarter
Non-operating pension (expense) income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$5.80M	USD	3 Qtrs
Non-operating pension (expense) income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-10.90M	USD	3 Qtrs
Non-operating pension (expense) income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$1.80M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-42.20M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-12.30M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-55.30M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-16.50M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$765.60M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$244.50M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$347.40M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.09B	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$189.60M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$61.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$270.10M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$84.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$576.00M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$262.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$183.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$818.20M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$6.41	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$8.74	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$2.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.81	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.80	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$6.38	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$8.70	USD	3 Qtrs
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.25	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$3.75	USD	3 Qtrs
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.25	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$3.50	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$576.00M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$262.50M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$183.20M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$818.20M	USD	3 Qtrs
Changes in unrealized gains (losses) on marketable debt securities,net of tax of ($0.1) million, $0.2 million, ($0.3) million, and $0.7 million, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-600.00K	USD	1 Quarter
Changes in unrealized gains (losses) on marketable debt securities,net of tax of ($0.1) million, $0.2 million, ($0.3) million, and $0.7 million, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$400.00K	USD	1 Quarter
Changes in unrealized gains (losses) on marketable debt securities,net of tax of ($0.1) million, $0.2 million, ($0.3) million, and $0.7 million, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.10M	USD	3 Qtrs
Changes in unrealized gains (losses) on marketable debt securities,net of tax of ($0.1) million, $0.2 million, ($0.3) million, and $0.7 million, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$900.00K	USD	3 Qtrs
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($0.5) million, ($0.4) million, ($1.6) million, and ($1.2) million, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$1.60M	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($0.5) million, ($0.4) million, ($1.6) million, and ($1.2) million, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$3.50M	USD	3 Qtrs
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($0.5) million, ($0.4) million, ($1.6) million, and ($1.2) million, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$1.20M	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($0.5) million, ($0.4) million, ($1.6) million, and ($1.2) million, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$4.80M	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$600.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.70M	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.40M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$819.60M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$263.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$185.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$581.70M	USD	3 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$818.20M	USD	3 Qtrs
Net income	`ProfitLoss`	$576.00M	USD	3 Qtrs
Depreciation, depletion, and amortization of intangibles	`DepreciationDepletionAmortizationAndOtherCashFlowImpact`	$386.80M	USD	3 Qtrs
Depreciation, depletion, and amortization of intangibles	`DepreciationDepletionAmortizationAndOtherCashFlowImpact`	$338.00M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$1.50M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$1.60M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$28.70M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$32.50M	USD	3 Qtrs
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$-7.70M	USD	3 Qtrs
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$47.30M	USD	3 Qtrs
Net loss on asset disposals	`GainLossOnDispositionOfAssets1`	$-5.20M	USD	3 Qtrs
Net loss on asset disposals	`GainLossOnDispositionOfAssets1`	$-11.10M	USD	3 Qtrs
Pension and post-retirement benefits expense, net of contributions	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$48.10M	USD	3 Qtrs
Pension and post-retirement benefits expense, net of contributions	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$35.80M	USD	3 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$4.00M	USD	3 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$11.00M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.40M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$41.60M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$92.80M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$8.80M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$20.10M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.80M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.90M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.10M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.80M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$18.60M	USD	3 Qtrs
Federal and state income taxes payable/receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.20M	USD	3 Qtrs
Federal and state income taxes payable/receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-44.10M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.07B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$979.80M	USD	3 Qtrs
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$328.60M	USD	3 Qtrs
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$577.10M	USD	3 Qtrs
Additions to other long term assets	`PaymentsToAcquireOtherProductiveAssets`	$2.50M	USD	3 Qtrs
Additions to other long term assets	`PaymentsToAcquireOtherProductiveAssets`	$5.80M	USD	3 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$1.80M	USD	3 Qtrs
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$1.50M	USD	3 Qtrs
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$98.00M	USD	3 Qtrs
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$76.10M	USD	3 Qtrs
Proceeds from sales of marketable debt securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$2.20M	USD	3 Qtrs
Proceeds from sales of marketable debt securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$28.40M	USD	3 Qtrs
Proceeds from maturities of marketable debt securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$66.90M	USD	3 Qtrs
Proceeds from maturities of marketable debt securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$72.40M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.90M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-331.10M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-581.90M	USD	3 Qtrs
Repayments of debt and finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.40M	USD	3 Qtrs
Repayments of debt and finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.30M	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$336.90M	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$304.40M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$41.50M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$142.00M	USD	3 Qtrs
Shares withheld to cover employee restricted stock taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.70M	USD	3 Qtrs
Shares withheld to cover employee restricted stock taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.30M	USD	3 Qtrs
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-463.00M	USD	3 Qtrs
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-395.50M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$253.20M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$30.00M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$320.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$648.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$573.20M	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`	$320.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$648.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$573.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$618.70M	USD	Point-in-time

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.96B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.97B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.85B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.67B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.89B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.61B	USD	Point-in-time
Common stock repurchases and retirements	`CommonStockRepurchaseAndRetirements`	$41.50M	USD	1 Quarter
Common stock repurchases and retirements	`CommonStockRepurchaseAndRetirements`	$41.50M	USD	3 Qtrs
Common stock repurchases and retirements	`CommonStockRepurchaseAndRetirements`	$142.00M	USD	3 Qtrs
Common stock repurchases and retirements	`CommonStockRepurchaseAndRetirements`	$142.00M	USD	1 Quarter
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$15.70M	USD	3 Qtrs
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$200.00K	USD	1 Quarter
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$5.90M	USD	1 Quarter
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$15.30M	USD	3 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$116.70M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$338.70M	USD	3 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$328.60M	USD	3 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$112.50M	USD	1 Quarter
Share-based compensation and other	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.20M	USD	1 Quarter
Share-based compensation and other	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$34.30M	USD	3 Qtrs
Share-based compensation and other	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.60M	USD	1 Quarter
Share-based compensation and other	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$30.30M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$819.60M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$263.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$185.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$581.70M	USD	3 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.96B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.97B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.85B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.67B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.89B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.61B	USD	Point-in-time

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