10-Q Filing

GRAPHIC PACKAGING HOLDING CO CIK: 1408075 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001408075-23-000041`
Period End Date	20230930
Filing Date	20231031
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	gpk-20230930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 52 Cash Flow Statement 72 Stockholders Equity 62 Comprehensive Income 36

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.00M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$150.00M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Receivables, Net	`ReceivablesNetCurrent`	$879.00M	USD	Point-in-time
Receivables, Net	`ReceivablesNetCurrent`	$881.00M	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
Inventories, Net	`InventoryNet`	$1.61B	USD	Point-in-time
Inventories, Net	`InventoryNet`	$1.74B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$90.00M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$71.00M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.71B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.86B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	307.12M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	306.87M	shares	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$4.80B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$4.58B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	306.87M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	307.12M	shares	Point-in-time
Goodwill	`Goodwill`	$2.07B	USD	Point-in-time
Goodwill	`Goodwill`	$1.98B	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$819.00M	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$717.00M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$357.00M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$347.00M	USD	Point-in-time
Total Assets	`Assets`	$10.90B	USD	Point-in-time
Total Assets	`Assets`	$10.33B	USD	Point-in-time
Short-Term Debt and Current Portion of Long-Term Debt	`DebtCurrent`	$53.00M	USD	Point-in-time
Short-Term Debt and Current Portion of Long-Term Debt	`DebtCurrent`	$762.00M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$1.12B	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$944.00M	USD	Point-in-time
Compensation and Employee Benefits	`EmployeeRelatedLiabilitiesCurrent`	$295.00M	USD	Point-in-time
Compensation and Employee Benefits	`EmployeeRelatedLiabilitiesCurrent`	$254.00M	USD	Point-in-time
Interest Payable	`InterestPayableCurrent`	$45.00M	USD	Point-in-time
Interest Payable	`InterestPayableCurrent`	$51.00M	USD	Point-in-time
Other Accrued Liabilities	`OtherAccruedLiabilitiesCurrent`	$411.00M	USD	Point-in-time
Other Accrued Liabilities	`OtherAccruedLiabilitiesCurrent`	$433.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.93B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.44B	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$4.82B	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$5.20B	USD	Point-in-time
Deferred Income Tax Liabilities	`DeferredIncomeTaxLiabilitiesNet`	$668.00M	USD	Point-in-time
Deferred Income Tax Liabilities	`DeferredIncomeTaxLiabilitiesNet`	$679.00M	USD	Point-in-time
Accrued Pension and Postretirement Benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$111.00M	USD	Point-in-time
Accrued Pension and Postretirement Benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$104.00M	USD	Point-in-time
Other Noncurrent Liabilities	`OtherLiabilitiesNoncurrent`	$322.00M	USD	Point-in-time
Other Noncurrent Liabilities	`OtherLiabilitiesNoncurrent`	$266.00M	USD	Point-in-time
Preferred Stock, par value $0.01 per share; 100,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, par value $0.01 per share; 100,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, par value $0.01 per share; 1,000,000,000 shares authorized; 306,869,053 and 307,116,089 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively	`CommonStockValueOutstanding`	$3.00M	USD	Point-in-time
Common Stock, par value $0.01 per share; 1,000,000,000 shares authorized; 306,869,053 and 307,116,089 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively	`CommonStockValueOutstanding`	$3.00M	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$2.06B	USD	Point-in-time
Capital in Excess of Par Value	`AdditionalPaidInCapitalCommonStock`	$2.05B	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$876.00M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$469.00M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-399.00M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-377.00M	USD	Point-in-time
Total Graphic Packaging Holding Company Shareholders' Equity	`StockholdersEquity`	$2.15B	USD	Point-in-time
Total Graphic Packaging Holding Company Shareholders' Equity	`StockholdersEquity`	$2.54B	USD	Point-in-time
Noncontrolling Interest	`MinorityInterest`	$2.00M	USD	Point-in-time
Noncontrolling Interest	`MinorityInterest`	$1.00M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.89B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.95B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.31B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.45B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.89B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.15B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.90B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.33B	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`Revenues`	$7.18B	USD	3 Qtrs
Net Sales	`Revenues`	$2.45B	USD	1 Quarter
Net Sales	`Revenues`	$7.05B	USD	3 Qtrs
Net Sales	`Revenues`	$2.35B	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$5.71B	USD	3 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$5.56B	USD	3 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$1.94B	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$1.80B	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$569.00M	USD	3 Qtrs
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$622.00M	USD	3 Qtrs
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$220.00M	USD	1 Quarter
Selling, General and Administrative	`SellingGeneralAndAdministrativeExpense`	$203.00M	USD	1 Quarter
Other Expense, Net	`OtherOperatingIncomeExpenseNet`	$-6.00M	USD	1 Quarter
Other Expense, Net	`OtherOperatingIncomeExpenseNet`	$-15.00M	USD	1 Quarter
Other Expense, Net	`OtherOperatingIncomeExpenseNet`	$-6.00M	USD	3 Qtrs
Other Expense, Net	`OtherOperatingIncomeExpenseNet`	$-48.00M	USD	3 Qtrs
Business Combinations, Shutdown and Other Special Charges, and Exit Activities, Net	`BusinessCombinationsBusinessExitShutdownAndOtherSpecialChargesNet`	$126.00M	USD	3 Qtrs
Business Combinations, Shutdown and Other Special Charges, and Exit Activities, Net	`BusinessCombinationsBusinessExitShutdownAndOtherSpecialChargesNet`	$9.00M	USD	1 Quarter
Business Combinations, Shutdown and Other Special Charges, and Exit Activities, Net	`BusinessCombinationsBusinessExitShutdownAndOtherSpecialChargesNet`	$28.00M	USD	1 Quarter
Business Combinations, Shutdown and Other Special Charges, and Exit Activities, Net	`BusinessCombinationsBusinessExitShutdownAndOtherSpecialChargesNet`	$62.00M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$287.00M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$638.00M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$293.00M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$884.00M	USD	3 Qtrs
Nonoperating Pension and Postretirement Benefit (Expense) Income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$1.00M	USD	1 Quarter
Nonoperating Pension and Postretirement Benefit (Expense) Income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-5.00M	USD	3 Qtrs
Nonoperating Pension and Postretirement Benefit (Expense) Income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-2.00M	USD	1 Quarter
Nonoperating Pension and Postretirement Benefit (Expense) Income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$2.00M	USD	3 Qtrs
Interest Expense, Net	`InterestExpense`	$180.00M	USD	3 Qtrs
Interest Expense, Net	`InterestExpense`	$143.00M	USD	3 Qtrs
Interest Expense, Net	`InterestExpense`	$62.00M	USD	1 Quarter
Interest Expense, Net	`InterestExpense`	$53.00M	USD	1 Quarter
Income before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$242.00M	USD	1 Quarter
Income before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$702.00M	USD	3 Qtrs
Income before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$500.00M	USD	3 Qtrs
Income before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$224.00M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$54.00M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$49.00M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$175.00M	USD	3 Qtrs
Income Tax Expense	`IncomeTaxExpenseBenefit`	$134.00M	USD	3 Qtrs
Net Income	`ProfitLoss`	$193.00M	USD	1 Quarter
Net Income	`ProfitLoss`	$527.00M	USD	3 Qtrs
Net Income	`ProfitLoss`	$170.00M	USD	1 Quarter
Net Income	`ProfitLoss`	$366.00M	USD	3 Qtrs
Net Income Per Share Basic (in dollars per share)	`EarningsPerShareBasic`	$1.18	USD	3 Qtrs
Net Income Per Share Basic (in dollars per share)	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Net Income Per Share Basic (in dollars per share)	`EarningsPerShareBasic`	$0.63	USD	1 Quarter
Net Income Per Share Basic (in dollars per share)	`EarningsPerShareBasic`	$1.71	USD	3 Qtrs
Net Income Per Share Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.62	USD	1 Quarter
Net Income Per Share Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.70	USD	3 Qtrs
Net Income Per Share Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Net Income Per Share Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.18	USD	3 Qtrs

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents as held for sale	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.00M	USD	Point-in-time
Cash and cash equivalents as held for sale	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.00M	USD	Point-in-time
Cash and cash equivalents as held for sale	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$16.00M	USD	Point-in-time
Net Income	`ProfitLoss`	$193.00M	USD	1 Quarter
Net Income	`ProfitLoss`	$527.00M	USD	3 Qtrs
Net Income	`ProfitLoss`	$170.00M	USD	1 Quarter
Net Income	`ProfitLoss`	$366.00M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$161.00M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$465.00M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$415.00M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$137.00M	USD	1 Quarter
Deferred Income Taxes	`DeferredIncomeTaxExpenseBenefit`	$67.00M	USD	3 Qtrs
Deferred Income Taxes	`DeferredIncomeTaxExpenseBenefit`	$18.00M	USD	3 Qtrs
Amount of Postretirement Expense Less Than Funding	`PostretirementBenefitPeriodExpenseGreaterLessThanFunding`	$6.00M	USD	3 Qtrs
Amount of Postretirement Expense Less Than Funding	`PostretirementBenefitPeriodExpenseGreaterLessThanFunding`	$17.00M	USD	3 Qtrs
Asset Impairment Charges	`AssetImpairmentCharges`	$93.00M	USD	3 Qtrs
Asset Impairment Charges	`AssetImpairmentCharges`	$23.00M	USD	3 Qtrs
Other, Net	`OtherNoncashIncomeExpense`	$-61.00M	USD	3 Qtrs
Other, Net	`OtherNoncashIncomeExpense`	$-43.00M	USD	3 Qtrs
Changes in Operating Assets and Liabilities	`IncreaseDecreaseInOperatingCapital`	$347.00M	USD	3 Qtrs
Changes in Operating Assets and Liabilities	`IncreaseDecreaseInOperatingCapital`	$386.00M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$620.00M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$702.00M	USD	3 Qtrs
Capital Spending	`PaymentsToAcquireOtherProductiveAssets`	$575.00M	USD	3 Qtrs
Capital Spending	`PaymentsToAcquireOtherProductiveAssets`	$429.00M	USD	3 Qtrs
Packaging Machinery Spending	`PaymentsToAcquireMachineryAndEquipment`	$16.00M	USD	3 Qtrs
Packaging Machinery Spending	`PaymentsToAcquireMachineryAndEquipment`	$17.00M	USD	3 Qtrs
Acquisition of Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$361.00M	USD	3 Qtrs
Acquisition of Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Beneficial Interest on Sold Receivables	`ProceedsFromSaleOfNotesReceivable`	$83.00M	USD	3 Qtrs
Beneficial Interest on Sold Receivables	`ProceedsFromSaleOfNotesReceivable`	$110.00M	USD	3 Qtrs
Beneficial Interest Obtained in Exchange for Proceeds	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$27.00M	USD	3 Qtrs
Beneficial Interest Obtained in Exchange for Proceeds	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$2.00M	USD	3 Qtrs
Other, Net	`PaymentsForProceedsFromOtherInvestingActivities`	$5.00M	USD	3 Qtrs
Other, Net	`PaymentsForProceedsFromOtherInvestingActivities`	$3.00M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-367.00M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-875.00M	USD	3 Qtrs
Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$22.00M	USD	3 Qtrs
Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$37.00M	USD	3 Qtrs
Payments on Debt	`RepaymentsOfDebt`	$18.00M	USD	3 Qtrs
Payments on Debt	`RepaymentsOfDebt`	$10.00M	USD	3 Qtrs
Borrowings under Revolving Credit Facilities	`ProceedsFromLinesOfCredit`	$3.63B	USD	3 Qtrs
Borrowings under Revolving Credit Facilities	`ProceedsFromLinesOfCredit`	$3.17B	USD	3 Qtrs
Payments on Revolving Credit Facilities	`RepaymentsOfLinesOfCredit`	$3.27B	USD	3 Qtrs
Payments on Revolving Credit Facilities	`RepaymentsOfLinesOfCredit`	$3.39B	USD	3 Qtrs
Repurchase of Common Stock related to Share-Based Payments	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$22.00M	USD	3 Qtrs
Repurchase of Common Stock related to Share-Based Payments	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$18.00M	USD	3 Qtrs
Dividends Paid	`PaymentsOfDividends`	$92.00M	USD	3 Qtrs
Dividends Paid	`PaymentsOfDividends`	$69.00M	USD	3 Qtrs
Other, Net	`ProceedsFromPaymentsForOtherFinancingActivities`	$9.00M	USD	3 Qtrs
Other, Net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-8.00M	USD	3 Qtrs
Net Cash Provided by (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$188.00M	USD	3 Qtrs
Net Cash Provided by (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-331.00M	USD	3 Qtrs
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-8.00M	USD	3 Qtrs
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-11.00M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.00M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-89.00M	USD	3 Qtrs
Cash and Cash Equivalents at Beginning of Period (includes $5 million classified as held for sale as of December 31, 2022)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$162.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period (includes $5 million classified as held for sale as of December 31, 2022)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$172.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period (includes $5 million classified as held for sale as of December 31, 2022)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period (includes $5 million classified as held for sale as of December 31, 2022)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$155.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period (includes $16 million and $1 million as classified as held for sale as of September 30, 2023 and 2022 respectively)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$162.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period (includes $16 million and $1 million as classified as held for sale as of September 30, 2023 and 2022 respectively)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$172.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period (includes $16 million and $1 million as classified as held for sale as of September 30, 2023 and 2022 respectively)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$83.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period (includes $16 million and $1 million as classified as held for sale as of September 30, 2023 and 2022 respectively)	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$155.00M	USD	Point-in-time
Beneficial Interest Obtained in Exchange for Trade Receivables	`ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset`	$104.00M	USD	3 Qtrs
Beneficial Interest Obtained in Exchange for Trade Receivables	`ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset`	$86.00M	USD	3 Qtrs
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$36.00M	USD	3 Qtrs
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$51.00M	USD	3 Qtrs
Cash and cash equivalents as held for sale	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$5.00M	USD	Point-in-time
Cash and cash equivalents as held for sale	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.00M	USD	Point-in-time
Cash and cash equivalents as held for sale	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$16.00M	USD	Point-in-time

Stockholders Equity 62 line items

Line Item	Tag	Value	Unit	Period
Shares repurchased not yet settled	`StockRepurchasedDuringPeriodSharesNotYetSettled`	32,000.00	shares	Point-in-time
Shares repurchased not yet settled	`StockRepurchasedDuringPeriodSharesNotYetSettled`	14,706.00	shares	Point-in-time
Shares repurchased not yet settled	`StockRepurchasedDuringPeriodSharesNotYetSettled`	60,000.00	shares	Point-in-time
Shares repurchased not yet settled	`StockRepurchasedDuringPeriodSharesNotYetSettled`	55,000.00	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	306.87M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	307.12M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.89B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.95B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.31B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.45B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.89B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.15B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time
Net Income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$207.00M	USD	1 Quarter
Net Income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$107.00M	USD	1 Quarter
Net Income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$170.00M	USD	1 Quarter
Net Income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$66.00M	USD	1 Quarter
Net Income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$193.00M	USD	1 Quarter
Net Income	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$150.00M	USD	1 Quarter
Derivative Instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$5.00M	USD	1 Quarter
Derivative Instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-5.00M	USD	1 Quarter
Derivative Instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$19.00M	USD	1 Quarter
Derivative Instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$8.00M	USD	1 Quarter
Derivative Instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$3.00M	USD	1 Quarter
Derivative Instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-9.00M	USD	1 Quarter
Pension and Postretirement Benefit Plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$9.00M	USD	1 Quarter
Pension and Postretirement Benefit Plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.00M	USD	1 Quarter
Pension and Postretirement Benefit Plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.00M	USD	1 Quarter
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$25.00M	USD	1 Quarter
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.00M	USD	1 Quarter
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-99.00M	USD	1 Quarter
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-28.00M	USD	1 Quarter
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-52.00M	USD	1 Quarter
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-95.00M	USD	1 Quarter
Repurchase of Common Stock(b)	`StockRepurchasedDuringPeriodValue`	$7.00M	USD	1 Quarter
Repurchase of Common Stock(b)	`StockRepurchasedDuringPeriodValue`	$16.00M	USD	1 Quarter
Repurchase of Common Stock(b)	`StockRepurchasedDuringPeriodValue`	$8.00M	USD	1 Quarter
Repurchase of Common Stock(b)	`StockRepurchasedDuringPeriodValue`	$29.00M	USD	1 Quarter
Repurchase of Common Stock(b)	`StockRepurchasedDuringPeriodValue`	-	USD	1 Quarter
Dividends Declared	`Dividends`	$30.00M	USD	1 Quarter
Dividends Declared	`Dividends`	$31.00M	USD	1 Quarter
Dividends Declared	`Dividends`	$23.00M	USD	1 Quarter
Dividends Declared	`Dividends`	$23.00M	USD	1 Quarter
Dividends Declared	`Dividends`	$31.00M	USD	1 Quarter
Dividends Declared	`Dividends`	$23.00M	USD	1 Quarter
Recognition of Stock-Based Compensation, Net	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.00M	USD	1 Quarter
Recognition of Stock-Based Compensation, Net	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.00M	USD	1 Quarter
Recognition of Stock-Based Compensation, Net	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$-8.00M	USD	1 Quarter
Recognition of Stock-Based Compensation, Net	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$-7.00M	USD	1 Quarter
Recognition of Stock-Based Compensation, Net	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.00M	USD	1 Quarter
Recognition of Stock-Based Compensation, Net	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.00M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	306.87M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	307.12M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.89B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.95B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.31B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.54B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.45B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.89B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.15B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.96B	USD	Point-in-time

Comprehensive Income 36 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$366.00M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$527.00M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$170.00M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$193.00M	USD	1 Quarter
Derivative Instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxParent`	$3.00M	USD	1 Quarter
Derivative Instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxParent`	$5.00M	USD	1 Quarter
Derivative Instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxParent`	$6.00M	USD	3 Qtrs
Derivative Instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTaxParent`	$15.00M	USD	3 Qtrs
Pension and Postretirement Benefit Plans	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-1.00M	USD	3 Qtrs
Pension and Postretirement Benefit Plans	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$8.00M	USD	3 Qtrs
Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-222.00M	USD	3 Qtrs
Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-99.00M	USD	1 Quarter
Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-29.00M	USD	3 Qtrs
Total Other Comprehensive (Loss) Income, Net of Tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-215.00M	USD	3 Qtrs
Total Other Comprehensive (Loss) Income, Net of Tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-50.00M	USD	1 Quarter
Total Other Comprehensive (Loss) Income, Net of Tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-22.00M	USD	3 Qtrs
Total Other Comprehensive (Loss) Income, Net of Tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-94.00M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$151.00M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$505.00M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$99.00M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$120.00M	USD	1 Quarter
Net Income	`NetIncomeLossAttributableToNonredeemableNoncontrollingInterest`	-	USD	3 Qtrs
Net Income	`NetIncomeLossAttributableToNonredeemableNoncontrollingInterest`	-	USD	1 Quarter
Pension and Postretirement Benefit Plans	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$1.00M	USD	3 Qtrs
Total Other Comprehensive (Loss) Income, Net of Tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNonredeemableNoncontrollingInterest`	$1.00M	USD	1 Quarter
Total Other Comprehensive (Loss) Income, Net of Tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNonredeemableNoncontrollingInterest`	$1.00M	USD	3 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeLossNetOfTaxAttributableToNonredeemableNoncontrollingInterest`	$1.00M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeLossNetOfTaxAttributableToNonredeemableNoncontrollingInterest`	$1.00M	USD	3 Qtrs
Pension and Postretirement Benefit Plans	`OtherComprehensiveIncomeLossDefinedBenefitPlanAfterReclassificationAdjustmentAfterTaxIncludingRedeemableNoncontrollingInterest`	$-1.00M	USD	3 Qtrs
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxIncludingRedeemableNoncontrollingInterest`	$-28.00M	USD	3 Qtrs
Currency Translation Adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxIncludingRedeemableNoncontrollingInterest`	$-52.00M	USD	1 Quarter
Total Other Comprehensive (Loss) Income, Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-49.00M	USD	1 Quarter
Total Other Comprehensive (Loss) Income, Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-21.00M	USD	3 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$506.00M	USD	3 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$121.00M	USD	1 Quarter

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