10-Q Filing

PACKAGING CORP OF AMERICA CIK: 75677 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-21-023700`
Period End Date	20210331
Filing Date	20210505
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	pkg-10q_20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 42 Cash Flow Statement 61 Stockholders Equity 18

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for credit losses and customer deductions	`AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent`	$12.80M	USD	Point-in-time
Allowance for credit losses and customer deductions	`AllowanceForDoubtfulAccountsReceivableAndReserveForCustomerDeductionsCurrent`	$10.60M	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`	$974.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$983.40M	USD	Point-in-time
Short-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$102.50M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	94.80M	shares	Point-in-time
Short-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$105.60M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	95.00M	shares	Point-in-time
Accounts receivable, net of allowance for credit losses and customer deductions of $12.8 million as of March 31, 2021 and $10.6 million December 31, 2020, respectively	`AccountsReceivableNetCurrent`	$832.40M	USD	Point-in-time
Accounts receivable, net of allowance for credit losses and customer deductions of $12.8 million as of March 31, 2021 and $10.6 million December 31, 2020, respectively	`AccountsReceivableNetCurrent`	$908.60M	USD	Point-in-time
Inventories	`InventoryNet`	$799.60M	USD	Point-in-time
Inventories	`InventoryNet`	$787.90M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$62.80M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$44.70M	USD	Point-in-time
Federal and state income taxes receivable	`IncomeTaxesReceivable`	$5.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.86B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.75B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$3.19B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$3.21B	USD	Point-in-time
Goodwill	`Goodwill`	$863.50M	USD	Point-in-time
Goodwill	`Goodwill`	$863.50M	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$286.30M	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$295.90M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$231.50M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$234.20M	USD	Point-in-time
Long-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$42.70M	USD	Point-in-time
Long-term marketable debt securities	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$47.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$53.20M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$51.30M	USD	Point-in-time
Total assets	`Assets`	$7.43B	USD	Point-in-time
Total assets	`Assets`	$7.55B	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityCurrent`	$69.30M	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityCurrent`	$68.90M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityCurrent`	$1.70M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityCurrent`	$1.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$402.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$387.00M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$97.00M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$97.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$184.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$216.20M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$28.10M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$11.90M	USD	Point-in-time
Federal and state income taxes payable	`AccruedIncomeTaxesCurrent`	$22.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$782.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$805.80M	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`	$170.00M	USD	Point-in-time
Operating lease obligations	`OperatingLeaseLiabilityNoncurrent`	$173.60M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityNoncurrent`	$14.40M	USD	Point-in-time
Finance lease obligations	`FinanceLeaseLiabilityNoncurrent`	$14.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$392.60M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$379.40M	USD	Point-in-time
Compensation and benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$295.80M	USD	Point-in-time
Compensation and benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$298.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$59.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$59.60M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.41B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.40B	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, 95.0 million and 94.8 million shares issued as of March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$1.00M	USD	Point-in-time
Common stock, par value $0.01 per share, 300.0 million shares authorized, 95.0 million and 94.8 million shares issued as of March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$900.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$554.40M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$566.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.84B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.91B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-142.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-144.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.33B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.25B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.43B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.55B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.71B	USD	1 Quarter
Changes in unrealized losses on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Changes in unrealized losses on marketable debt securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$100.00K	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.81B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.40B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.34B	USD	1 Quarter
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
Gross profit	`GrossProfit`	$403.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$365.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$145.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$145.00M	USD	1 Quarter
Other expense, net	`OperatingCostsAndExpenses`	$10.00M	USD	1 Quarter
Other expense, net	`OperatingCostsAndExpenses`	$20.40M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$238.30M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$209.10M	USD	1 Quarter
Non-operating pension income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-600.00K	USD	1 Quarter
Non-operating pension income	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-4.80M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-19.60M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-23.50M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$219.60M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$190.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$53.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$48.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$141.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$166.50M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.75	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.50	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.75	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.49	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.79	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$1.00	USD	1 Quarter
Net income	`NetIncomeLoss`	$141.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$166.50M	USD	1 Quarter
Changes in unrealized losses on marketable debt securities, net of tax of $0.0 million and $0.1 million, for 2021 and 2020, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-100.00K	USD	1 Quarter
Changes in unrealized losses on marketable debt securities, net of tax of $0.0 million and $0.1 million, for 2021 and 2020, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-200.00K	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $0.8 million and $0.9 million, for 2021 and 2020, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$2.70M	USD	1 Quarter
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $0.8 million and $0.9 million, for 2021 and 2020, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$2.50M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.40M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.50M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$144.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$168.90M	USD	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$141.70M	USD	1 Quarter
Net income	`ProfitLoss`	$166.50M	USD	1 Quarter
Depreciation, depletion, and amortization of intangibles	`DepreciationDepletionAmortizationAndOtherCashFlowImpact`	$100.30M	USD	1 Quarter
Depreciation, depletion, and amortization of intangibles	`DepreciationDepletionAmortizationAndOtherCashFlowImpact`	$100.80M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$700.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$600.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$10.10M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$11.60M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$12.00M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$13.50M	USD	1 Quarter
Loss on asset disposals	`GainLossOnDispositionOfAssets1`	$-2.30M	USD	1 Quarter
Loss on asset disposals	`GainLossOnDispositionOfAssets1`	$-3.70M	USD	1 Quarter
Pension and post-retirement benefits expense, net of contributions	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$-1.00M	USD	1 Quarter
Pension and post-retirement benefits expense, net of contributions	`PensionAndPostretirementBenefitsContributionsExpenseNet`	$200.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$3.70M	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$3.20M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$34.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$76.20M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$11.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$15.70M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$23.00M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$19.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$28.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.30M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-22.00M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-15.80M	USD	1 Quarter
Federal and state income taxes payable / receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-27.80M	USD	1 Quarter
Federal and state income taxes payable / receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-30.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$191.60M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$236.70M	USD	1 Quarter
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$85.10M	USD	1 Quarter
Additions to property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$70.50M	USD	1 Quarter
Additions to other long term assets	`PaymentsToAcquireOtherProductiveAssets`	$1.30M	USD	1 Quarter
Additions to other long term assets	`PaymentsToAcquireOtherProductiveAssets`	$2.70M	USD	1 Quarter
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$700.00K	USD	1 Quarter
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$100.00K	USD	1 Quarter
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$31.40M	USD	1 Quarter
Purchases of marketable debt securities	`PaymentsToAcquireMarketableSecurities`	$20.50M	USD	1 Quarter
Proceeds from sales of marketable debt securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$11.40M	USD	1 Quarter
Proceeds from sales of marketable debt securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$6.30M	USD	1 Quarter
Proceeds from maturities of marketable debt securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$10.30M	USD	1 Quarter
Proceeds from maturities of marketable debt securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$18.20M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-77.00M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-87.50M	USD	1 Quarter
Repayments of debt and finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$400.00K	USD	1 Quarter
Repayments of debt and finance lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$400.00K	USD	1 Quarter
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$74.80M	USD	1 Quarter
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$94.80M	USD	1 Quarter
Shares withheld to cover employee restricted stock taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$100.00K	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-75.20M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-95.30M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$8.80M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$84.50M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$679.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$974.60M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$764.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$983.40M	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`	$974.60M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$764.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$983.40M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.33B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.25B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.15B	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.07B	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`	-	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$75.30M	USD	1 Quarter
Common stock dividends declared	`DividendsCommonStockCash`	$95.50M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.70M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.10M	USD	1 Quarter
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$-100.00K	USD	1 Quarter
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$-100.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$144.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$168.90M	USD	1 Quarter
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.33B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.25B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.15B	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.07B	USD	Point-in-time

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