10-K Filing

PACKAGING CORP OF AMERICA CIK: 75677 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0000950170-24-022794`
Period End Date	20231231
Filing Date	20240229
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	pkg-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 72 Cash Flow Statement 110 Stockholders Equity 23

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Allowance for credit losses and customer deductions	`AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent`	$13.10M	USD	Point-in-time
Allowance for credit losses and customer deductions	`AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent`	$19.60M	USD	Point-in-time
Short-term marketable debt securities	`ShortTermMarketableDebtSecurities`	$93.50M	USD	Point-in-time
Short-term marketable debt securities	`ShortTermMarketableDebtSecurities`	$85.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$648.00M	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
Short-term marketable debt securities ($93.5 million and $85.2 million measured atfair value as of December 31, 2023 and 2022, respectively)	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$85.20M	USD	Point-in-time
Short-term marketable debt securities ($93.5 million and $85.2 million measured atfair value as of December 31, 2023 and 2022, respectively)	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$493.50M	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
Common stock, shares issued	`CommonStockSharesIssued`	89.70M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	89.60M	shares	Point-in-time
Accounts receivable, net of allowance for credit losses and customer deductions of $13.1 million and $19.6 million as of December 31, 2023 and 2022, respectively	`AccountsReceivableNetCurrent`	$1.03B	USD	Point-in-time
Accounts receivable, net of allowance for credit losses and customer deductions of $13.1 million and $19.6 million as of December 31, 2023 and 2022, respectively	`AccountsReceivableNetCurrent`	$1.03B	USD	Point-in-time
Inventories	`InventoryNet`	$1.01B	USD	Point-in-time
Inventories	`InventoryNet`	$977.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$62.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$58.30M	USD	Point-in-time
Federal and state income taxes receivable	`IncomeTaxesReceivable`	$35.70M	USD	Point-in-time
Federal and state income taxes receivable	`IncomeTaxesReceivable`	$4.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.51B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.25B	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`	$923.50M	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`	$229.60M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$279.60M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$298.30M	USD	Point-in-time
Long-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$64.90M	USD	Point-in-time
Long-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$64.10M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$67.20M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$42.00M	USD	Point-in-time
Total assets	`Assets`	$8.00B	USD	Point-in-time
Total assets	`Assets`	$8.68B	USD	Point-in-time
Total assets	`Assets`	$7.84B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$399.60M	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityCurrent`	$78.60M	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`	$2.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$410.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$402.40M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$115.50M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$115.90M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$263.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$253.50M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$13.70M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$11.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$875.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.27B	USD	Point-in-time
Total long-term debt	`LongTermDebtNoncurrent`	$2.47B	USD	Point-in-time
Total long-term debt	`LongTermDebtNoncurrent`	$2.47B	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$234.60M	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$212.10M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityNoncurrent`	$8.70M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityNoncurrent`	$10.80M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$558.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$543.00M	USD	Point-in-time
Compensation and benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$106.40M	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`	$60.70M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.42B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.46B	USD	Point-in-time
Commitments and contingent liabilities (Note 19)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 19)	`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 December 31, 2023 and 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 December 31, 2023 and 2022, respectively	`CommonStockValue`	$900.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$620.10M	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`	$3.45B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-70.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-102.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.00B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.67B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.00B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.68B	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$8.48B	USD	Annual
Changes in unrealized gains on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$200.00K	USD	Annual
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.80B	USD	Annual
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.73B	USD	Annual
Changes in unrealized gains on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$500.00K	USD	Annual
Changes in unrealized gains on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$600.00K	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`	$-2.10M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$5.86B	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$6.10B	USD	Annual
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$-3.30M	USD	Annual
Gross profit	`GrossProfit`	$1.87B	USD	Annual
Gross profit	`GrossProfit`	$2.09B	USD	Annual
Changes in unfunded employee benefit obligations, tax	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodTax`	$-19.90M	USD	Annual
Changes in unfunded employee benefit obligations, tax	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodTax`	$7.80M	USD	Annual
Gross profit	`GrossProfit`	$1.70B	USD	Annual
Changes in unfunded employee benefit obligations, tax	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodTax`	$10.10M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$576.80M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$608.60M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$580.90M	USD	Annual
Other expense, net	`OperatingCostsAndExpenses`	$61.30M	USD	Annual
Other expense, net	`OperatingCostsAndExpenses`	$54.80M	USD	Annual
Other expense, net	`OperatingCostsAndExpenses`	$42.90M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.42B	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.08B	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.24B	USD	Annual
Non-operating pension (expense) income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-14.50M	USD	Annual
Non-operating pension (expense) income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-19.70M	USD	Annual
Non-operating pension (expense) income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$7.70M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-152.40M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-53.30M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-70.40M	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.36B	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.11B	USD	Annual
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.01B	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$335.00M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$248.90M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$267.60M	USD	Annual
Net income	`NetIncomeLoss`	$765.20M	USD	Annual
Net income	`NetIncomeLoss`	$841.10M	USD	Annual
Net income	`NetIncomeLoss`	$1.03B	USD	Annual
Basic	`EarningsPerShareBasic`	$11.08	USD	Annual
Basic	`EarningsPerShareBasic`	$8.52	USD	Annual
Basic	`EarningsPerShareBasic`	$8.87	USD	Annual
Diluted	`EarningsPerShareDiluted`	$8.83	USD	Annual
Diluted	`EarningsPerShareDiluted`	$8.48	USD	Annual
Diluted	`EarningsPerShareDiluted`	$11.03	USD	Annual
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$5.00	USD	Annual
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$4.00	USD	Annual
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$4.75	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$765.20M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$841.10M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$1.03B	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$400.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$100.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	Annual
Changes in unrealized gains (losses) gains on marketable debt securities, net of tax of ($0.6) million, $0.5 million, and $0.2 million for 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.80M	USD	Annual
Changes in unrealized gains (losses) gains on marketable debt securities, net of tax of ($0.6) million, $0.5 million, and $0.2 million for 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.70M	USD	Annual
Changes in unrealized gains (losses) gains on marketable debt securities, net of tax of ($0.6) million, $0.5 million, and $0.2 million for 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-500.00K	USD	Annual
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($2.1) million, ($1.5) million, and ($3.3) million for 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$4.70M	USD	Annual
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($2.1) million, ($1.5) million, and ($3.3) million for 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$6.40M	USD	Annual
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($2.1) million, ($1.5) million, and ($3.3) million for 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$10.00M	USD	Annual
Changes in unfunded employee benefit obligations, net of tax of ($7.8) million, $10.1 million, and ($19.9) million for 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodNetOfTax`	$23.20M	USD	Annual
Changes in unfunded employee benefit obligations, net of tax of ($7.8) million, $10.1 million, and ($19.9) million for 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodNetOfTax`	$-30.20M	USD	Annual
Changes in unfunded employee benefit obligations, net of tax of ($7.8) million, $10.1 million, and ($19.9) million for 2023, 2022, and 2021, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodNetOfTax`	$59.40M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-27.20M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$31.50M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$69.30M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$796.70M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.00B	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$910.40M	USD	Annual

Cash Flow Statement 110 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$841.10M	USD	Annual
Net income	`ProfitLoss`	$765.20M	USD	Annual
Net income	`ProfitLoss`	$1.03B	USD	Annual
Depreciation, depletion, and amortization of intangibles	`DepreciationDepletionAmortizationAndOtherCashFlowImpact`	$517.70M	USD	Annual
Depreciation, depletion, and amortization of intangibles	`DepreciationDepletionAmortizationAndOtherCashFlowImpact`	$456.80M	USD	Annual
Depreciation, depletion, and amortization of intangibles	`DepreciationDepletionAmortizationAndOtherCashFlowImpact`	$417.50M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$4.40M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$2.20M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$2.10M	USD	Annual
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-56.10M	USD	Annual
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$35.50M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$35.60M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$40.00M	USD	Annual
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$86.00M	USD	Annual
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$59.40M	USD	Annual
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$5.20M	USD	Annual
Net loss on asset disposals	`GainLossOnDispositionOfAssets1`	$-15.20M	USD	Annual
Net loss on asset disposals	`GainLossOnDispositionOfAssets1`	$-6.10M	USD	Annual
Net loss on asset disposals	`GainLossOnDispositionOfAssets1`	$-9.10M	USD	Annual
Pension and post-retirement benefits expense, net of contributions	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$30.80M	USD	Annual
Pension and post-retirement benefits expense, net of contributions	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$50.50M	USD	Annual
Pension and post-retirement benefits expense, net of contributions	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$47.40M	USD	Annual
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$11.90M	USD	Annual
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$13.30M	USD	Annual
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$2.00M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-39.30M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.40M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$227.20M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$75.20M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$35.80M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$105.50M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.00M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.20M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.70M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$12.20M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.40M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-18.10M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$37.90M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$8.30M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-8.20M	USD	Annual
Federal and state income tax payable / receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-31.40M	USD	Annual
Federal and state income tax payable / receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$28.40M	USD	Annual
Federal and state income tax payable / receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$2.10M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.50B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.09B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.32B	USD	Annual
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$605.10M	USD	Annual
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$469.70M	USD	Annual
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$824.20M	USD	Annual
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$194.90M	USD	Annual
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Acquisitions of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Additions to other long-term assets	`PaymentsToAcquireOtherProductiveAssets`	$2.60M	USD	Annual
Additions to other long-term assets	`PaymentsToAcquireOtherProductiveAssets`	$1.80M	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`	$1.60M	USD	Annual
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$2.20M	USD	Annual
Purchases of held-to-maturity debt securities	`PaymentsToAcquireHeldToMaturitySecurities`	-	USD	Annual
Purchases of held-to-maturity debt securities	`PaymentsToAcquireHeldToMaturitySecurities`	-	USD	Annual
Purchases of held-to-maturity debt securities	`PaymentsToAcquireHeldToMaturitySecurities`	$400.00M	USD	Annual
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$126.10M	USD	Annual
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$127.40M	USD	Annual
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$107.20M	USD	Annual
Proceeds from sales of available-for-sale debt securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$5.50M	USD	Annual
Proceeds from sales of available-for-sale debt securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$31.10M	USD	Annual
Proceeds from sales of available-for-sale debt securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$26.70M	USD	Annual
Proceeds from maturities of available-for-sale debt securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$87.60M	USD	Annual
Proceeds from maturities of available-for-sale debt securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$97.30M	USD	Annual
Proceeds from maturities of available-for-sale debt securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$100.20M	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.90M	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-875.10M	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-833.70M	USD	Annual
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-794.40M	USD	Annual
Repayments of debt and finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$757.70M	USD	Annual
Repayments of debt and finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.70M	USD	Annual
Repayments of debt and finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.90M	USD	Annual
Net proceeds received from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$397.10M	USD	Annual
Net proceeds received from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$690.20M	USD	Annual
Net proceeds received from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	Annual
Financing costs paid	`PaymentsOfFinancingCosts`	$1.10M	USD	Annual
Financing costs paid	`PaymentsOfFinancingCosts`	-	USD	Annual
Financing costs paid	`PaymentsOfFinancingCosts`	$2.40M	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$448.90M	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$420.30M	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`	$193.00M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$41.50M	USD	Annual
Shares withheld to cover employee restricted stock taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.40M	USD	Annual
Shares withheld to cover employee restricted stock taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$12.90M	USD	Annual
Shares withheld to cover employee restricted stock taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.70M	USD	Annual
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-960.00M	USD	Annual
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-112.00M	USD	Annual
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-655.60M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$328.00M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-298.70M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-355.90M	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$320.00M	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`	$618.70M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$648.00M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$320.00M	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`	$618.70M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$648.00M	USD	Point-in-time

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.00B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.67B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.25B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.61B	USD	Point-in-time
Common stock repurchases and retirements	`CommonStockRepurchaseAndRetirements`	$41.50M	USD	Annual
Common stock repurchases and retirements	`CommonStockRepurchaseAndRetirements`	$193.00M	USD	Annual
Common stock repurchases and retirements	`CommonStockRepurchaseAndRetirements`	$522.60M	USD	Annual
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`	$15.70M	USD	Annual
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$12.90M	USD	Annual
Common stock dividends declared	`DividendsCommonStockCash`	$379.90M	USD	Annual
Common stock dividends declared	`DividendsCommonStockCash`	$451.20M	USD	Annual
Common stock dividends declared	`DividendsCommonStockCash`	$441.20M	USD	Annual
Share-based compensation and other	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$36.50M	USD	Annual
Share-based compensation and other	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$36.30M	USD	Annual
Share-based compensation and other	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$41.90M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$796.70M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.00B	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$910.40M	USD	Annual
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.00B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.67B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.25B	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.