10-Q Filing

PACKAGING CORP OF AMERICA CIK: 75677 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-050944`
Period End Date	20200930
Filing Date	20201105
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	pkg-10q_20200930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 77 Cash Flow Statement 59 Stockholders Equity 29 Comprehensive Income 12

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts and customer deductions	`AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent`	$12.60M	USD	Point-in-time
Allowance for doubtful accounts and customer deductions	`AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent`	$12.60M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$949.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$679.50M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	94.70M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	94.80M	shares	Point-in-time
Short-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$87.90M	USD	Point-in-time
Short-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$101.20M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses and customer deductions of $12.6 million as of both September 30, 2020, and December 31, 2019	`AccountsReceivableNetCurrent`	$845.60M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses and customer deductions of $12.6 million as of both September 30, 2020, and December 31, 2019	`AccountsReceivableNetCurrent`	$864.60M	USD	Point-in-time
Inventories	`InventoryNet`	$777.60M	USD	Point-in-time
Inventories	`InventoryNet`	$794.10M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$44.80M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$51.20M	USD	Point-in-time
Federal and state income taxes receivable	`IncomeTaxesReceivable`	$26.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.74B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.48B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$3.15B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$3.13B	USD	Point-in-time
Goodwill	`Goodwill`	$918.70M	USD	Point-in-time
Goodwill	`Goodwill`	$863.50M	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$305.40M	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$338.80M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$234.30M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$231.70M	USD	Point-in-time
Long-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$58.10M	USD	Point-in-time
Long-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$45.20M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$55.80M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$52.20M	USD	Point-in-time
Total assets	`Assets`	$7.24B	USD	Point-in-time
Total assets	`Assets`	$7.37B	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityCurrent`	$68.00M	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityCurrent`	$62.60M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityCurrent`	$1.60M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityCurrent`	$1.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$352.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$351.90M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$76.60M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$76.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$231.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$217.50M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$13.70M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$28.10M	USD	Point-in-time
Federal and state income taxes payable	`AccruedIncomeTaxesCurrent`	$17.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$775.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$723.80M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.48B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.48B	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$177.60M	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$172.20M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityNoncurrent`	$14.80M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityNoncurrent`	$16.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$363.70M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$340.10M	USD	Point-in-time
Compensation and benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$300.70M	USD	Point-in-time
Compensation and benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$375.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$55.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$61.70M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.44B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.39B	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, 94.8 million and 94.7 million shares issued as of September 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$900.00K	USD	Point-in-time
Common stock, par value $0.01 per share, 300.0 million shares authorized, 94.8 million and 94.7 million shares issued as of September 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$900.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$548.70M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$524.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.70B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.81B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-159.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-150.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.07B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.21B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.24B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.37B	USD	Point-in-time

Income Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.69B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.94B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.24B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.75B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.34B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$3.98B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.35B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$3.91B	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.04B	USD	3 Qtrs
Gross profit	`GrossProfit`	$411.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.26B	USD	3 Qtrs
Gross profit	`GrossProfit`	$345.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$420.60M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$127.10M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$409.30M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$136.90M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$55.20M	USD	3 Qtrs
Other expense, net	`OperatingCostsAndExpenses`	$8.80M	USD	1 Quarter
Other expense, net	`OperatingCostsAndExpenses`	$36.90M	USD	3 Qtrs
Other expense, net	`OperatingCostsAndExpenses`	$21.50M	USD	3 Qtrs
Other expense, net	`OperatingCostsAndExpenses`	$11.70M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$534.70M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$818.60M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$209.50M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$262.80M	USD	1 Quarter
Non-operating pension income (expense)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-600.00K	USD	1 Quarter
Non-operating pension income (expense)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$6.00M	USD	3 Qtrs
Non-operating pension income (expense)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-1.70M	USD	3 Qtrs
Non-operating pension income (expense)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$1.90M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-21.60M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-68.00M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-24.40M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-69.10M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$467.30M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$744.60M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$185.70M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$239.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$129.90M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$184.40M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$59.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$46.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$179.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$337.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$560.20M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$139.10M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.47	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$5.93	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.90	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$3.56	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$3.54	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$5.91	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.89	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.46	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.79	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.79	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$2.37	USD	3 Qtrs
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$2.37	USD	3 Qtrs
Net income	`NetIncomeLoss`	$179.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$337.40M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$560.20M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$139.10M	USD	1 Quarter
Reclassification adjustments to cash flow hedges included in net income, net of tax of $0.0 million, $0.3 million, $0.0 million, and $1.0 million	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-2.90M	USD	3 Qtrs
Reclassification adjustments to cash flow hedges included in net income, net of tax of $0.0 million, $0.3 million, $0.0 million, and $1.0 million	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-1.00M	USD	1 Quarter
Changes in unrealized gains (losses) on marketable debt securities, net of tax of $0.1 million, $0.0 million, $0.2 million, and $0.0 million	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$500.00K	USD	3 Qtrs
Changes in unrealized gains (losses) on marketable debt securities, net of tax of $0.1 million, $0.0 million, $0.2 million, and $0.0 million	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-200.00K	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $0.9 million, $0.8 million, $2.7 million, and $2.4 million	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$8.10M	USD	3 Qtrs
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $0.9 million, $0.8 million, $2.7 million, and $2.4 million	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$2.40M	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $0.9 million, $0.8 million, $2.7 million, and $2.4 million	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$2.70M	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $0.9 million, $0.8 million, $2.7 million, and $2.4 million	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$7.10M	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$10.00M	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.50M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$8.60M	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.40M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$346.00M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$570.20M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$141.60M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$183.20M	USD	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$560.20M	USD	3 Qtrs
Net income	`ProfitLoss`	$337.40M	USD	3 Qtrs
Depreciation, depletion, and amortization of intangibles	`DepreciationDepletionAmortizationAndOtherCashFlowImpact`	$288.60M	USD	3 Qtrs
Depreciation, depletion, and amortization of intangibles	`DepreciationDepletionAmortizationAndOtherCashFlowImpact`	$309.00M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$1.90M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$6.50M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$24.50M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$23.80M	USD	3 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$38.30M	USD	3 Qtrs
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$21.10M	USD	3 Qtrs
Loss on asset disposals	`GainLossOnDispositionOfAssets1`	$-4.10M	USD	3 Qtrs
Loss on asset disposals	`GainLossOnDispositionOfAssets1`	$-6.70M	USD	3 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	$55.20M	USD	3 Qtrs
Pension and post-retirement benefits expense, net of contributions	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$68.10M	USD	3 Qtrs
Pension and post-retirement benefits expense, net of contributions	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$30.40M	USD	3 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$9.60M	USD	3 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$18.80M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.00M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$30.30M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-16.50M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$10.80M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.60M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.60M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.20M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.30M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$15.40M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$29.00M	USD	3 Qtrs
Federal and state income taxes payable / receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-43.80M	USD	3 Qtrs
Federal and state income taxes payable / receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-7.80M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$761.70M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$878.20M	USD	3 Qtrs
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$253.50M	USD	3 Qtrs
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$263.80M	USD	3 Qtrs
Additions to other long term assets	`PaymentsToAcquireOtherProductiveAssets`	$4.50M	USD	3 Qtrs
Additions to other long term assets	`PaymentsToAcquireOtherProductiveAssets`	$6.20M	USD	3 Qtrs
Purchases of marketable debt securities, net of redemptions	`PaymentsToAcquireMarketableSecurities`	$600.00K	USD	3 Qtrs
Proceeds from disposals	`ProceedsFromSaleOfProductiveAssets`	$1.40M	USD	3 Qtrs
Proceeds from disposals	`ProceedsFromSaleOfProductiveAssets`	$4.40M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.40M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-255.90M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-268.30M	USD	3 Qtrs
Repayments of debt and finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.10M	USD	3 Qtrs
Repayments of debt and finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.10M	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$224.60M	USD	3 Qtrs
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$223.90M	USD	3 Qtrs
Shares withheld to cover employee restricted stock taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.10M	USD	3 Qtrs
Shares withheld to cover employee restricted stock taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.50M	USD	3 Qtrs
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-233.10M	USD	3 Qtrs
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-236.20M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$376.80M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$269.60M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$361.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$679.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$949.10M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$738.30M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$361.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$679.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$949.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$738.30M	USD	Point-in-time

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.13B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.07B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.67B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.03B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.92B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.21B	USD	Point-in-time
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$100.00K	USD	1 Quarter
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$10.50M	USD	3 Qtrs
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$300.00K	USD	1 Quarter
Common stock withheld and retired to cover taxes on vested stock awards	`CommonStockWithheldToCoverTaxesOnVestedAndRetiredStockAwardsValue`	$8.10M	USD	3 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$75.00M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$224.70M	USD	3 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$225.80M	USD	3 Qtrs
Common stock dividends declared	`DividendsCommonStockCash`	$75.20M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.60M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$25.10M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$24.70M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.00M	USD	1 Quarter
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$-200.00K	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$346.00M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$570.20M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$141.60M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$183.20M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.13B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.07B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.67B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.03B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.92B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.21B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Reclassification adjustments to cash flow hedges included in net income, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$-300.00K	USD	1 Quarter
Reclassification adjustments to cash flow hedges included in net income, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	-	USD	3 Qtrs
Reclassification adjustments to cash flow hedges included in net income, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	-	USD	1 Quarter
Reclassification adjustments to cash flow hedges included in net income, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$-1.00M	USD	3 Qtrs
Changes in unrealized gains (losses) on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$200.00K	USD	3 Qtrs
Changes in unrealized gains (losses) on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$100.00K	USD	1 Quarter
Changes in unrealized gains (losses) on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	3 Qtrs
Changes in unrealized gains (losses) on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$2.40M	USD	3 Qtrs
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$900.00K	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$800.00K	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostAndNetLossRecognizedInNetPeriodicPensionCostTax`	$2.70M	USD	3 Qtrs

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