Graphic Packaging Holding (GPK) 10-Q 23 Jul 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 22, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	001-33988
Entity Registrant Name	Graphic Packaging Holding Co
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-0405422
Entity Address, Address Line One	1500 Riveredge Parkway, Suite 100
Entity Address, City or Town	Atlanta
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30328
City Area Code	770
Local Phone Number	240-7200
Entity Central Index Key	0001408075
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		293,970,406
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Net Sales	$ 1,552.8	$ 1,510.9	$ 3,058.7	$ 2,988.3
Cost of Sales	1,265	1,273.4	2,504.8	2,526.9
Selling, General and Administrative	131.8	116.1	256.5	238.8
Other Expense, Net	1.7	2.5	2.9	3.4
Business Combinations, Gain on Sale of Assets and Shutdown and Other Special Charges, Net	9.9	8.6	16.1	34.9
Income from Operations	144.4	110.3	278.4	184.3
Nonoperating Pension and Postretirement Benefit Income (Expense)	0	4.1	(0.1)	8.3
Interest Expense, Net	(35.5)	(30.3)	(70.5)	(59.1)
Loss on Modification or Extinguishment of Debt	0	0	0	(1.9)
Income before Income Taxes and Equity Income of Unconsolidated Entity	108.9	84.1	207.8	131.6
Income Tax Expense	(23)	(18.5)	(44)	(23.6)
Income before Equity Income of Unconsolidated Entity	85.9	65.6	163.8	108
Equity Income of Unconsolidated Entity	0.2	0.4	0.4	0.7
Net Income	86.1	66	164.2	108.7
Net Income Attributable to Noncontrolling Interest	(22.3)	(16.6)	(42.5)	(29.4)
Net Income Attributable to Graphic Packaging Holding Company	$ 63.8	$ 49.4	$ 121.7	$ 79.3
Net Income Per Share Attributable to Graphic Packaging Holding Company — Basic (in dollars per share)	$ 0.22	$ 0.16	$ 0.41	$ 0.26
Net Income Per Share Attributable to Graphic Packaging Holding Company — Diluted (in dollars per share)	0.22	0.16	0.41	0.25
Cash Dividends Declared Per Share (in dollars per share)	$ 0.075	$ 0.075	$ 0.15	$ 0.15

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Graphic Packaging Holding Company
Net Income Attributable to Graphic Packaging Holding Company	$ 63.8	$ 49.4	$ 121.7	$ 79.3
Other Comprehensive Income (Loss), Net of Tax:
Derivative Instruments	(4.4)	2	(4.8)	1.4
Pension and Postretirement Benefit Plans	0.9	0.8	2.1	1.3
Currency Translation Adjustment	(2.6)	(24.8)	1.3	(8.8)
Total Other Comprehensive Loss, Net of Tax	(6.1)	(22)	(1.4)	(6.1)
Total Comprehensive Income	57.7	27.4	120.3	73.2
Noncontrolling Interest
Net Income	17.2	12.8	32.8	22.7
Other Comprehensive Income (Loss), Net of Tax:
Derivative Instruments	(1.3)	0.4	(1.4)	0.2
Pension and Postretirement Benefit Plans	0.4	0.1	0.6	0.2
Currency Translation Adjustment	(0.6)	(4.7)	0.3	(1.5)
Total Other Comprehensive Loss, Net of Tax	(1.5)	(4.2)	(0.5)	(1.1)
Total Comprehensive Income	15.7	8.6	32.3	21.6
Redeemable Noncontrolling Interest
Net Income	5.1	3.8	9.7	6.7
Other Comprehensive Income (Loss), Net of Tax:
Derivative Instruments	(0.4)	0.1	(0.4)	0.1
Pension and Postretirement Benefit Plans	0.1	0	0.2	0.1
Currency Translation Adjustment	(0.2)	(1.4)	0	(0.5)
Total Other Comprehensive Loss, Net of Tax	(0.5)	(1.3)	(0.2)	(0.3)
Total Comprehensive Income	4.6	2.5	9.5	6.4
Total
Net Income	86.1	66	164.2	108.7
Other Comprehensive Income (Loss), Net of Tax:
Derivative Instruments	(6.1)	2.5	(6.6)	1.7
Pension and Postretirement Benefit Plans	(1.4)	(0.9)	(2.9)	(1.6)
Currency Translation Adjustment	(3.4)	(30.9)	1.6	(10.8)
Total Other Comprehensive Loss, Net of Tax	(8.1)	(27.5)	(2.1)	(7.5)
Total Comprehensive Income	$ 78	$ 38.5	$ 162.1	$ 101.2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Current Assets:
Cash and Cash Equivalents	$ 64.7	$ 70.5
Receivables, Net	639.9	572.9
Inventories, Net	1,099.5	1,014.4
Other Current Assets	56.7	106
Total Current Assets	1,860.8	1,763.8
Property, Plant and Equipment, Net	3,199.4	3,239.7
Goodwill	1,467	1,460.6
Intangible Assets, Net	485.4	523.8
Other Assets	272.5	71.3
Total Assets	7,285.1	7,059.2
Current Liabilities:
Short-Term Debt and Current Portion of Long-Term Debt	58.9	52
Accounts Payable	644.7	711.6
Compensation and Employee Benefits	136.7	154.4
Other Accrued Liabilities	253.7	254.3
Total Current Liabilities	1,094	1,172.3
Long-Term Debt	2,997.5	2,905.1
Deferred Income Tax Liabilities	488.4	462.2
Accrued Pension and Postretirement Benefits	109.1	107.5
Other Noncurrent Liabilities	269.6	117.8
Redeemable Noncontrolling Interest (Note 14)	269.6	275.8
SHAREHOLDERS’ EQUITY
Preferred Stock, par value $.01 per share; 100,000,000 shares authorized; no shares issued or outstanding	0	0
Common Stock, par value $.01 per share; 1,000,000,000 shares authorized; 293,970,406 and 299,891,585 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	2.9	3
Capital in Excess of Par Value	1,916.3	1,944.4
Retained Earnings	44.7	10
Accumulated Other Comprehensive Loss	(379.3)	(377.9)
Total Graphic Packaging Holding Company Shareholders' Equity	1,584.6	1,579.5
Noncontrolling Interest	472.3	439
Total Equity	2,056.9	2,018.5
Total Liabilities and Shareholders' Equity	$ 7,285.1	$ 7,059.2

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	293,970,406	299,891,585
Common stock, shares outstanding (in shares)	293,970,406	299,891,585

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity - USD ($) $ in Millions		Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Noncontrolling Interests
Beginning Balance (in shares) at Dec. 31, 2017			309,715,624
Beginning balance at Dec. 31, 2017		$ 1,291.9	$ 3.1	$ 1,683.6	$ (56)	$ (338.8)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
NACP Combination		834.9		395.1			439.8
Net Income Attributable to Graphic Packaging Holding Company					29.9
Net Income, Noncontrolling Interest							9.9
Net Income		39.8
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Derivative Instruments		(0.8)				(0.6)	(0.2)
Pension and Postretirement Benefit Plans		0.6				0.5	0.1
Currency Translation Adjustment		19.2				16	3.2
Dividends Declared		(23.3)			(23.3)
Distribution of Membership Interest		(3.6)					(3.6)
Recognition of Stock-Based Compensation, Net		(0.9)		(0.9)
Issuance of Shares for Stock-Based Awards (in shares)			563,903
Issuance of Shares for Stock-Based Awards		0	$ 0
Ending Balance (in shares) at Mar. 31, 2018			310,279,527
Ending balance at Mar. 31, 2018		2,157.8	$ 3.1	2,077.8	(49.4)	(322.9)	449.2
Beginning Balance (in shares) at Dec. 31, 2017			309,715,624
Beginning balance at Dec. 31, 2017		1,291.9	$ 3.1	1,683.6	(56)	(338.8)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income Attributable to Graphic Packaging Holding Company		79.3
Net Income, Noncontrolling Interest		(29.4)
Ending Balance (in shares) at Jun. 30, 2018			310,343,836
Ending balance at Jun. 30, 2018		2,168.4	$ 3.1	2,077.6	(23.3)	(344.9)	455.9
Beginning Balance (in shares) at Mar. 31, 2018			310,279,527
Beginning balance at Mar. 31, 2018		2,157.8	$ 3.1	2,077.8	(49.4)	(322.9)	449.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
NACP Combination		(1.1)		(5)			3.9
Net Income Attributable to Graphic Packaging Holding Company		49.4			49.4
Net Income, Noncontrolling Interest		(16.6)					12.8
Net Income		62.2
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Derivative Instruments		2.4				2	0.4
Pension and Postretirement Benefit Plans		0.9				0.8	0.1
Currency Translation Adjustment		(29.5)				(24.8)	(4.7)
Dividends Declared		(23.3)			(23.3)
Distribution of Membership Interest		(5.8)					(5.8)
Recognition of Stock-Based Compensation, Net		4.8		4.8
Issuance of Shares for Stock-Based Awards (in shares)			64,309
Issuance of Shares for Stock-Based Awards		0	$ 0
Ending Balance (in shares) at Jun. 30, 2018			310,343,836
Ending balance at Jun. 30, 2018		$ 2,168.4	$ 3.1	2,077.6	(23.3)	(344.9)	455.9
Beginning Balance (in shares) at Dec. 31, 2018		299,891,585	299,807,779
Beginning balance at Dec. 31, 2018		$ 2,018.5	$ 3	1,944.4	10	(377.9)	439
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income Attributable to Graphic Packaging Holding Company					57.9
Net Income, Noncontrolling Interest							15.6
Net Income		73.5
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Derivative Instruments		(0.5)				(0.4)	(0.1)
Pension and Postretirement Benefit Plans		1.4				1.2	0.2
Currency Translation Adjustment		4.8				3.9	0.9
Repurchase of Common Stock (in shares)	[1]		(5,033,426)
Repurchase of Common Stock	[1]	(59.5)	$ (0.1)	(27.2)	(32.2)
Dividends Declared		(22.1)			(22.1)
Reclassification of Redeemable Noncontrolling Interest for Share Repurchases		(6.7)					(6.7)
Distribution of Membership Interest		(5)					(5)
Recognition of Stock-Based Compensation, Net		0.9		0.9
Issuance of Shares for Stock-Based Awards (in shares)			530,196
Issuance of Shares for Stock-Based Awards		0	$ 0
Ending Balance (in shares) at Mar. 31, 2019			295,304,549
Ending balance at Mar. 31, 2019		$ 2,005.3	$ 2.9	1,918.1	13.6	(373.2)	443.9
Beginning Balance (in shares) at Dec. 31, 2018		299,891,585	299,807,779
Beginning balance at Dec. 31, 2018		$ 2,018.5	$ 3	1,944.4	10	(377.9)	439
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income Attributable to Graphic Packaging Holding Company		121.7
Net Income, Noncontrolling Interest		(42.5)
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Reclassification of Redeemable Noncontrolling Interest for Share Repurchases		$ 12.5
Ending Balance (in shares) at Jun. 30, 2019		293,970,406	293,970,406
Ending balance at Jun. 30, 2019		$ 2,056.9	$ 2.9	1,916.3	44.7	(379.3)	472.3
Beginning Balance (in shares) at Mar. 31, 2019			295,304,549
Beginning balance at Mar. 31, 2019		2,005.3	$ 2.9	1,918.1	13.6	(373.2)	443.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income Attributable to Graphic Packaging Holding Company		63.8			63.8
Net Income, Noncontrolling Interest		(22.3)					17.2
Net Income		81
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Derivative Instruments		(5.7)				(4.4)	(1.3)
Pension and Postretirement Benefit Plans		1.3				0.9	0.4
Currency Translation Adjustment		(3.2)				(2.6)	(0.6)
Repurchase of Common Stock (in shares)			(1,428,470)
Repurchase of Common Stock		(18.3)	$ 0	(7.7)	(10.6)
Dividends Declared		(22.1)			(22.1)
Reclassification of Redeemable Noncontrolling Interest for Share Repurchases		19.1					19.1
Distribution of Membership Interest		(6.4)					(6.4)
Recognition of Stock-Based Compensation, Net		5.9		5.9
Issuance of Shares for Stock-Based Awards (in shares)			94,327
Issuance of Shares for Stock-Based Awards		$ 0	$ 0
Ending Balance (in shares) at Jun. 30, 2019		293,970,406	293,970,406
Ending balance at Jun. 30, 2019		$ 2,056.9	$ 2.9	$ 1,916.3	$ 44.7	$ (379.3)	$ 472.3
[1]	Includes 33,263 shares repurchased but not yet settled as of March 31, 2019.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity Parenthetical	6 Months Ended
	Jun. 30, 2019shares
Statement of Stockholders' Equity [Abstract]
Shares repurchased but not yet settled (in shares)	33,263

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Statement of Cash Flows [Abstract]
Noncash Repurchase Of Receivables, Consideration For Beneficial Interest, Asset Securitization Program			$ (102.2)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 86.1	$ 66	164.2	$ 108.7
Adjustments to Reconcile Net Income to Net Cash Used in Operating Activities:
Depreciation and Amortization	110.2	111.3	227.3	221.1
Deferred Income Taxes			26.8	7.6
Amount of Postretirement Expense Greater (Less) Than Funding			5.1	(1.9)
Gain on the Sale of Assets			0	(1.5)
Other, Net			5.9	24.5
Changes in Operating Assets and Liabilities			(369.5)	(658.7)
Net Cash Provided by (Used in) Operating Activities			59.8	(300.2)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital Spending			(146.2)	(167.3)
Packaging Machinery Spending			(12.1)	(6.1)
Acquisition of Businesses, Net of Cash Acquired			(2)	3.4
Beneficial Interest on Sold Receivables			309.6	624
Beneficial Interest Obtained in Exchange for Proceeds			(156.9)	(150.9)
Other, Net			(2.4)	(3.4)
Net Cash (Used in) Provided by Investing Activities			(10)	299.7
CASH FLOWS FROM FINANCING ACTIVITIES:
Repurchase of Common Stock			(78.7)	0
Payments on Debt			(18.3)	(134.1)
Proceeds from Issuance of Debt			300	0
Borrowings under Revolving Credit Facilities			1,303.4	961.1
Payments on Revolving Credit Facilities			(1,495.3)	(779.4)
Repurchase of Common Stock related to Share-Based Payments			(4)	(4.1)
Debt Issuance Costs			(4.2)	(7.9)
Dividends and Distributions Paid to GPIP Partner			(58.3)	(52.5)
Other, Net			(1)	1.7
Net Cash Used in Financing Activities			(56.4)	(15.2)
Effect of Exchange Rate Changes on Cash			0.8	(0.8)
Net Decrease in Cash and Cash Equivalents			(5.8)	(16.5)
Cash and Cash Equivalents at Beginning of Period			70.5	67.4	$ 67.4
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 64.7	$ 50.9	64.7	50.9	$ 70.5
Non-cash Investing Activities:
Beneficial Interest (Sold) Obtained in Exchange for Trade Receivables				583.9
Non-cash Investment in NACP Combination			0	1,235.7
Non-cash Investing Activities			(102.2)	1,819.6
Non-cash Financing Activities:
Non-cash Financing of NACP Combination			0	660
Non-Cash Financing Activities			$ 0	$ 660

General Information

General Information	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General Information	GENERAL INFORMATION Nature of Business and Basis of Presentation Graphic Packaging Holding Company (“GPHC” and, together with its subsidiaries, the “Company”) is committed to providing consumer packaging that makes a world of difference. The Company is a leading provider of paper-based packaging solutions for a wide variety of products to food, beverage, foodservice and other consumer products companies. The Company operates on a global basis, is one of the largest producers of folding cartons in the United States ("U.S.") and holds leading market positions in coated-recycled paperboard ("CRB"), coated unbleached kraft paperboard ("CUK") and solid bleached sulfate paperboard ("SBS"). The Company’s customers include many of the world’s most widely recognized companies and brands with prominent market positions in beverage, food, foodservice, and other consumer products. The Company strives to provide its customers with packaging solutions designed to deliver marketing and performance benefits at a competitive cost by capitalizing on its low-cost paperboard mills and converting facilities, its proprietary carton and packaging designs, and its commitment to quality and service. On January 1, 2018, GPHC, a Delaware corporation, International Paper Company, a New York corporation (“IP”), Graphic Packaging International Partners, LLC, a Delaware limited liability company formerly known as Gazelle Newco LLC and a wholly owned subsidiary of the Company (“GPIP”), and Graphic Packaging International, LLC, a Delaware limited liability company formerly known as Graphic Packaging International, Inc. and a subsidiary of GPIP (“GPIL”), completed a series of transactions pursuant to an agreement dated October 23, 2017, among the foregoing parties (the “Transaction Agreement”). Pursuant to the Transaction Agreement (i) a wholly owned subsidiary of the Company transferred its ownership interest in GPIL to GPIP; (ii) IP transferred its North America Consumer Packaging (“NACP”) business to GPIP, which was then subsequently transferred to GPIL; (iii) GPIP issued membership interests to IP, and IP was admitted as a member of GPIP; and (iv) GPIL assumed certain indebtedness of IP (the "NACP Combination"). For more information regarding the NACP Combination, see " Note 1 — Nature of Business and Summary of Significant Accounting Policies " of the Notes to Consolidated Financial Statements of the Company's 2018 Form 10-K. The Company’s Condensed Consolidated Financial Statements include all subsidiaries in which the Company has the ability to exercise direct or indirect control over operating and financial policies. Intercompany transactions and balances are eliminated in consolidation. In the Company’s opinion, the accompanying Condensed Consolidated Financial Statements contain all normal recurring adjustments necessary to present fairly the financial position, results of operations and cash flows for the interim periods. The Company’s year end Condensed Consolidated Balance Sheet data was derived from audited financial statements. The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with instructions to Form 10-Q and Rule 10-01 of Regulation S-X and do not include all the information required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements. Therefore, these Condensed Consolidated Financial Statements should be read in conjunction with GPHC’s Form 10-K for the year ended December 31, 2018 . In addition, the preparation of the Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual amounts could differ from those estimates and changes in these estimates are recorded when known. The Company has reclassified the presentation of certain prior period information to conform to the current presentation. This reclassification had no impact on operating income. For a summary of the Company’s significant accounting policies, please refer to GPHC’s Annual Report on Form 10-K for the year ended December 31, 2018 . Revenue Recognition The Company has two primary activities, the manufacturing and converting of paperboard, from which it generates revenue from contracts with customers. Revenue is disaggregated primarily by geography and type of activity as further explained in " Note 12-Segments. " All reportable segments and the Australia and Pacific Rim operating segments recognize revenue under the same method, allocate transaction price using similar methods, and have similar economic factors impacting the uncertainty of revenue and related cash flows. Revenue is recognized on the Company's annual and multi-year supply contracts when the Company satisfies the performance obligation by transferring control over the product or service to a customer, which is generally based on shipping terms and passage of title under the point-in-time method of recognition. For the three months ended June 30, 2019 and 2018 , the Company recognized $1,548.1 million and $1,507.8 million , respectively, of revenue from contracts with customers. For the six months ended June 30, 2019 and 2018 , the Company recognized $3,049.7 million and $2,976.0 million , respectively, of revenue from contracts with customers. The transaction price allocated to each performance obligation consists of the stand alone selling price, estimates of rebates and other sales or contract renewal incentives, and cash discounts and sales returns ("Variable Consideration") and excludes sales tax. Estimates are made for Variable Consideration based on contract terms and historical experience of actual results and are applied to the performance obligations as they are satisfied. Purchases by the Company’s principal customers are manufactured and shipped with minimal lead time, therefore performance obligations are generally satisfied shortly after manufacturing and shipment. The Company uses standard payment terms that are consistent with industry practice. The Company's contract assets consist primarily of contract renewal incentive payments to customers which are amortized over the period in which performance obligations related to the contract renewal are satisfied. As of June 30, 2019 and December 31, 2018 contract assets were $21.2 million and $19.6 million , respectively. The Company's contract liabilities consist principally of rebates, and as of June 30, 2019 and December 31, 2018 were $40.6 million and $42.5 million , respectively. The Company did not have a material amount relating to backlog orders at June 30, 2019 or December 31, 2018 . Accounts Receivable and Allowances The Company has entered into agreements to sell, on a revolving basis, certain trade accounts receivable to third party financial institutions. Transfers under these agreements meet the requirements to be accounted for as sales in accordance with the Transfers and Servicing topic of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification (the "Codification"). The loss on sale is not material and is included in Other Expense, Net on the Condensed Consolidated Statement of Operations. The following table summarizes the activity under these programs as of June 30, 2019 and 2018 , respectively: Six Months Ended June 30, In millions 2019 2018 Receivables Sold and Derecognized $ 1,410.2 $ 1,669.6 Proceeds Collected on Behalf of Financial Institutions 1,077.2 1,632.0 Net Proceeds Paid to Financial Institutions (3.6 ) (51.5 ) Deferred Purchase Price (a) 5.2 202.4 Pledged Receivables 124.0 — (a) Included in Other Current Assets and represents a beneficial interest in the receivables sold to the financial institutions, which is a Level 3 fair value measure. The Company has also entered into various factoring and supply chain financing arrangements, which also qualify for sale accounting in accordance with the Transfers and Servicing topic of the FASB Codification. For the six months ended June 30, 2019 and 2018 , the Company sold receivables of approximately $73 million and $57 million , respectively, related to these factoring arrangements. Receivables sold under all programs subject to continuing involvement, which consist principally of collection services, at June 30, 2019 and December 31, 2018 , were approximately $497 million and $602 million , respectively. Capital Allocation Plan On February 21, 2019 and May 22, 2019 , the Company's board of directors declared a regular quarterly dividend of $0.075 per share of common stock paid on April 5, 2019 and July 5, 2019 to shareholders of record as of March 15, 2019 and June 15, 2019 , respectively. On January 28, 2019, the Company's board of directors authorized an additional share repurchase program to allow the Company to purchase up to $500 million of the Company's issued and outstanding shares of common stock through open market purchases, privately negotiated transactions and Rule 10b5-1 plans (the "2019 share repurchase program"). The previous $250 million share repurchase program was authorized on January 10, 2017 (the "2017 share repurchase program"). During the first six months of 2019 , the Company repurchased 6,461,896 shares of its common stock at an average price of $12.04 , under the 2017 share repurchase program. The Company did no t repurchase any shares of its common stock during the six months ended June 30, 2018 . As of June 30, 2019 , the Company has approximately $512 million available for additional repurchases under the 2019 share repurchase program and the 2017 share repurchase program. Business Combinations and Shutdown and Other Special Charges, Net The following table summarizes the transactions recorded in Business Combinations and Shutdown and Other Special Charges, Net in the Condensed Consolidated Statements of Operations: Three Months Ended Six Months Ended June 30, June 30, In millions 2019 2018 2019 2018 Charges Associated with Business Combinations $ 0.5 $ 6.6 $ 2.6 $ 33.6 Shutdown and Other Special Charges 9.4 2.0 13.5 2.8 Gain on Sale of Assets — — — (1.5 ) Total $ 9.9 $ 8.6 $ 16.1 $ 34.9 On September 30, 2018, the Company acquired substantially all the assets of the foodservice business of Letica Corporation, a subsidiary of RPC Group PLC ("Letica Foodservice"), a producer of paperboard-based cold and hot cups and cartons. The acquisition included two facilities located in Clarksville, Tennessee and Pittston, Pennsylvania. Letica Foodservice is included in the Americas Paperboard Packaging reportable segment. On June 12, 2018, the Company acquired substantially all the assets of PFP, LLC and its related entity, PFP Dallas Converting, LLC (collectively, "PFP"), a converter focused on the production of paperboard based air filter frames. The acquisition included two facilities located in Lebanon, Tennessee and Lancaster, Texas. PFP is included in the Americas Paperboard Packaging reportable segment. On January 1, 2018, the Company completed the NACP Combination. The NACP business produces SBS paperboard and paper-based foodservice products. The NACP business included two SBS mills located in Augusta, Georgia and Texarkana, Texas (included in Paperboard Mills reportable segment), three converting facilities in the U.S. (included in Americas Paperboard Packaging reportable segment) and one in the United Kingdom ("U.K.") (included in the Europe Paperboard Packaging reportable segment). PFP and Letica Foodservice are referred to collectively as the "2018 Acquisitions." Charges associated with all acquisitions are included in Charges Associated with Business Combinations in the table above. During 2019 , the Company began a three -year program to dismantle and dispose of idle and abandoned assets primarily at the paperboard mills. Expected charges for this program are approximately $40 million . Charges associated with this program are included in Shutdown and Other Special Charges in the table above. Adoption of New Accounting Standards Effective January 1, 2019, the Company adopted Accounting Standards Update ("ASU") No. 2017-12, Derivatives and Hedging (Topic 815); Targeted Improvements to Accounting for Hedging Activities. The amendments in this ASU better align the risk management activities and financial reporting for these hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and presentation of hedge results. The adoption of this standard did not have a material impact on the Company’s financial position, results of operations and cash flows. Effective January 1, 2019, the Company adopted ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . The amendment allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the 2017 Tax Cuts and Job Act (“The Act”). The Company adopted the amendment effective January 1, 2019 and elected not to reclassify the income tax effects of The Act from other comprehensive income to retained earnings. The Company’s policy with respect to stranded income tax effects in accumulated other comprehensive loss is to release these effects using the aggregate portfolio approach. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ("ASC 842") . The amendments in this ASU require an entity to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. The amendments also require certain quantitative and qualitative disclosures about leasing arrangements. The Company adopted ASC 842 effective January 1, 2019, prospectively. The adoption of this standard had a material impact on the Company’s financial position, with no material impact on the results of operations and cash flows (see "Note 5 - Leases" ). Accounting Standards Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments which amends the FASB's guidance on the impairment of financial instruments. The ASU adds to U.S. GAAP an impairment model (known as the "current expected credit loss model") that is based on expected losses rather than incurred losses. ASU 2016-13 is effective for annual reporting periods beginning after December 15, 2019, including interim periods within those fiscal years. The Company is currently evaluating the impact of adoption on its financial statements. In January 2017, the FASB issued ASU No. 2017-04 Intangibles - Goodwill and Other (Topic 350); Simplifying the Test for Goodwill Impairment which simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 of the goodwill impairment model. Step 2 measures a goodwill impairment loss by comparing the implied value of a reporting unit’s goodwill with the carrying amount of that goodwill. An entity would recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value; however, the loss recognized is limited to the amount of goodwill allocated to that reporting unit. The guidance is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted for any impairment tests performed after January 1, 2017. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement . This amendment modifies the disclosure requirements on fair value measurements. The guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. In August 2018, the FASB issued ASU No. 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20); Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans

Inventories, Net

Inventories, Net	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Inventories, Net	INVENTORIES, NET Inventories, Net by major class: In millions June 30, December 31, 2018 Finished Goods $ 440.3 $ 426.9 Work in Progress 121.4 102.2 Raw Materials 369.0 319.9 Supplies 168.8 165.4 Total $ 1,099.5 $ 1,014.4

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Business Combinations	BUSINESS COMBINATIONS As disclosed in "Note 1 - General Information," the Company completed the NACP Combination, and the PFP and Letica Foodservice acquisitions in 2018. The Company paid approximately $129 million for the PFP and Letica Foodservice acquisitions using existing cash and borrowings under its revolving line of credit. Total consideration for the NACP Combination, including debt assumed of $660 million , was $1.8 billion . The acquisition accounting for the NACP Combination and PFP acquisition was completed on December 31, 2018. During the quarter ended March 31, 2019, the acquisition accounting for Letica Foodservice was finalized, resulting in an approximately $5 million reduction in the value of property, plant and equipment. During 2019, Net Sales and Loss from Operations for the Letica Foodservice and PFP acquisitions were $61.3 million and $4.2 million , respectively.

Debt

Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt	DEBT For more information regarding the Company’s debt, see “ Note 5 — Debt ” of the Notes to Consolidated Financial Statements of the Company’s 2018 Form 10-K. On June 25, 2019, GPIL completed a private offering of $300.0 million aggregate principal amount of its senior unsecured notes due 2027 . The Senior Notes will bear interest at an annual rate of 4.75% . The net proceeds were used by the Company to repay a portion of the outstanding borrowings under GPIL's revolving credit facility under its senior secured credit facility. Long-Term Debt is comprised of the following: In millions June 30, 2019 December 31, 2018 Senior Notes with interest payable semi-annually at 4.75%, effective rate of 4.83%, payable in 2027 $ 300.0 $ — Senior Notes with interest payable semi-annually at 4.125%, effective rate of 4.17%, payable in 2024 300.0 300.0 Senior Notes with interest payable semi-annually at 4.875%, effective rate of 4.92%, payable in 2022 250.0 250.0 Senior Notes with interest payable semi-annually at 4.75%, effective rate of 4.77%, payable in 2021 425.0 425.0 Senior Secured Term Loan Facilities with interest payable at various dates at floating rates (3.89% at June 30, 2019) payable through 2023 1,414.4 1,432.6 Senior Secured Revolving Facilities with interest payable at floating rates (3.05% at June 30, 2019) payable in 2023 220.4 399.0 Finance Leases 136.4 122.9 Other 6.3 26.5 Total Long-Term Debt 3,052.5 2,956.0 Less: Current Portion 40.8 40.3 3,011.7 2,915.7 Less: Unamortized Deferred Debt Issuance Costs 14.2 10.6 Total $ 2,997.5 $ 2,905.1 At June 30, 2019 , the Company and its U.S. and international subsidiaries had the following commitments, amounts outstanding and amounts available under revolving credit facilities: In millions Total Commitments Total Outstanding Total Available Senior Secured Domestic Revolving Credit Facility (a) $ 1,450.0 $ 138.8 $ 1,292.8 Senior Secured International Revolving Credit Facility 179.9 81.6 98.3 Other International Facilities 63.5 24.4 39.1 Total $ 1,693.4 $ 244.8 $ 1,430.2 (a) In accordance with its debt agreements, the Company’s availability under its revolving credit facilities has been reduced by the amount of standby letters of credit issued of $18.4 million as of June 30, 2019 . These letters of credit are primarily used as security against the Company's self-insurance obligations and workers’ compensation obligations. These letters of credit expire at various dates through 2019 and 2020 unless extended. The Credit Agreement and the 4.75% Senior Notes due 2027 are guaranteed by GPIP and certain domestic subsidiaries, and the 4.75% Senior Notes due 2021, 4.875% Senior Notes due 2022 and 4.125% Senior Notes due 2024 are guaranteed by GPHC. For additional information on the financial statements of GPIP, see " Note 14 - Guarantor Condensed Consolidating Financial Statements ” of the Notes to the Condensed Consolidated Financial Statements of GPIL in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 filed with the Securities and Exchange Commission. The Credit Agreement and the indentures governing the 4.75% Senior Notes due 2021, 4.875% Senior Notes due 2022, 4.125% Senior Notes due 2024 and 4.75% Senior Notes due 2027 (the "Indentures") limit the Company's ability to incur additional indebtedness. Additional covenants contained in the Credit Agreement and the Indentures may, among other things, restrict the ability of the Company to dispose of assets, incur guarantee obligations, prepay other indebtedness, repurchase stock, pay dividends and make other restricted payments, create liens, make equity or debt investments, make acquisitions, modify terms of the Indenture, engage in mergers or consolidations, change the business conducted by the Company and its subsidiaries, and engage in certain transactions with affiliates. Such restrictions could limit the Company’s ability to respond to changing market conditions, fund its capital spending program, provide for unexpected capital investments or take advantage of business opportunities. As of June 30, 2019 , the Company was in compliance with the covenants in the Credit Agreement and the Indentures.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	LEASES Effective January 1, 2019 the Company adopted ASC 842, which requires recognition of a right-of-use asset and lease liability for all leases at the commencement date based on the present value of lease payments over the lease term. Additional qualitative and quantitative disclosures regarding the Company's leasing arrangements are also required. The Company adopted ASC 842 prospectively and elected the package of transition practical expedients that does not require reassessment of: (1) whether any existing or expired contracts are or contain leases, (2) lease classification and (3) initial direct costs. In addition, the Company has elected other available practical expedients to not separate lease and nonlease components, which consist principally of common area maintenance charges, for all classes of underlying assets and to exclude leases with an initial term of 12 months or less. The Company determines if a contract is or contains a lease at inception. The Company has operating and finance leases for warehouses, corporate and regional offices, and machinery and equipment. The Company enters into lease contracts ranging from one to 25 years with the majority of leases having terms of three to seven years , many of which include options to extend in various increments. Variable lease costs consist primarily of variable warehousing costs, common area maintenance, taxes, and insurance. The Company’s leases do not have any significant residual value guarantees or restrictive covenants. As the implicit rate is not readily determinable for most of the Company’s leases agreements, the Company uses an estimated incremental borrowing rate to determine the initial present value of lease payments. These discount rates for leases are calculated using the Company's credit spread adjusted for current market factors, including fixed rate swaps, LIBOR, and foreign currency rates. The components of lease costs are as follows: Three Months Ended Six Months Ended In millions June 30, 2019 June 30, 2019 Finance lease costs: Amortization of right-of-use asset $ 1.8 $ 3.6 Interest on lease liabilities 1.9 3.8 Operating lease costs 16.0 32.0 Short-term lease costs 2.9 6.5 Variable lease costs 1.1 2.1 Total lease costs, net $ 23.7 $ 48.0 Supplemental cash flow information related to leases was as follows: Six Months Ended In millions June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 31.3 Operating cash flows from finance leases 3.8 Financing cash flows from finance leases 1.9 Right-of-use assets obtained in exchange for lease obligations: Operating leases 41.6 Finance leases 15.5 Supplemental balance sheet information related to leases was as follows: In millions, except lease term and discount rate Balance Sheet Classification June 30, 2019 Operating Leases: Operating lease right-of-use asset Other Assets $ 200.7 Current operating lease liabilities Other Current Liabilities $ 53.7 Noncurrent operating lease liabilities Other Noncurrent Liabilities 150.6 Total operating lease liabilities $ 204.3 Finance Leases: Property, Plant and Equipment $ 142.1 Accumulated depreciation (8.3 ) Property, Plant and Equipment, net $ 133.8 Current finance lease liabilities Short-Term Debt and Current Portion of Long-Term Debt $ 4.3 Noncurrent finance lease liabilities Long-Term Debt 132.1 Total finance lease liabilities $ 136.4 Weighted Average Remaining Lease Term (Years) Operating leases 5 Finance leases 18 Weighted Average Discount Rate Operating leases 3.68 % Finance leases 5.62 % Maturities of lease liabilities are as follows: In millions Year ending December 31, Operating Leases Finance Leases 2019 (excluding the six months ended June 30, 2019) $ 31.9 $ 6.2 2020 54.1 12.5 2021 41.8 12.6 2022 32.6 12.2 2023 24.4 12.4 Thereafter 39.5 170.6 Total lease payments 224.3 226.5 Less imputed interest (20.0 ) (90.1 ) Total $ 204.3 $ 136.4
Leases	LEASES Effective January 1, 2019 the Company adopted ASC 842, which requires recognition of a right-of-use asset and lease liability for all leases at the commencement date based on the present value of lease payments over the lease term. Additional qualitative and quantitative disclosures regarding the Company's leasing arrangements are also required. The Company adopted ASC 842 prospectively and elected the package of transition practical expedients that does not require reassessment of: (1) whether any existing or expired contracts are or contain leases, (2) lease classification and (3) initial direct costs. In addition, the Company has elected other available practical expedients to not separate lease and nonlease components, which consist principally of common area maintenance charges, for all classes of underlying assets and to exclude leases with an initial term of 12 months or less. The Company determines if a contract is or contains a lease at inception. The Company has operating and finance leases for warehouses, corporate and regional offices, and machinery and equipment. The Company enters into lease contracts ranging from one to 25 years with the majority of leases having terms of three to seven years , many of which include options to extend in various increments. Variable lease costs consist primarily of variable warehousing costs, common area maintenance, taxes, and insurance. The Company’s leases do not have any significant residual value guarantees or restrictive covenants. As the implicit rate is not readily determinable for most of the Company’s leases agreements, the Company uses an estimated incremental borrowing rate to determine the initial present value of lease payments. These discount rates for leases are calculated using the Company's credit spread adjusted for current market factors, including fixed rate swaps, LIBOR, and foreign currency rates. The components of lease costs are as follows: Three Months Ended Six Months Ended In millions June 30, 2019 June 30, 2019 Finance lease costs: Amortization of right-of-use asset $ 1.8 $ 3.6 Interest on lease liabilities 1.9 3.8 Operating lease costs 16.0 32.0 Short-term lease costs 2.9 6.5 Variable lease costs 1.1 2.1 Total lease costs, net $ 23.7 $ 48.0 Supplemental cash flow information related to leases was as follows: Six Months Ended In millions June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 31.3 Operating cash flows from finance leases 3.8 Financing cash flows from finance leases 1.9 Right-of-use assets obtained in exchange for lease obligations: Operating leases 41.6 Finance leases 15.5 Supplemental balance sheet information related to leases was as follows: In millions, except lease term and discount rate Balance Sheet Classification June 30, 2019 Operating Leases: Operating lease right-of-use asset Other Assets $ 200.7 Current operating lease liabilities Other Current Liabilities $ 53.7 Noncurrent operating lease liabilities Other Noncurrent Liabilities 150.6 Total operating lease liabilities $ 204.3 Finance Leases: Property, Plant and Equipment $ 142.1 Accumulated depreciation (8.3 ) Property, Plant and Equipment, net $ 133.8 Current finance lease liabilities Short-Term Debt and Current Portion of Long-Term Debt $ 4.3 Noncurrent finance lease liabilities Long-Term Debt 132.1 Total finance lease liabilities $ 136.4 Weighted Average Remaining Lease Term (Years) Operating leases 5 Finance leases 18 Weighted Average Discount Rate Operating leases 3.68 % Finance leases 5.62 % Maturities of lease liabilities are as follows: In millions Year ending December 31, Operating Leases Finance Leases 2019 (excluding the six months ended June 30, 2019) $ 31.9 $ 6.2 2020 54.1 12.5 2021 41.8 12.6 2022 32.6 12.2 2023 24.4 12.4 Thereafter 39.5 170.6 Total lease payments 224.3 226.5 Less imputed interest (20.0 ) (90.1 ) Total $ 204.3 $ 136.4

Stock Incentive Plans

Stock Incentive Plans	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
Stock Incentive Plans	STOCK INCENTIVE PLANS The Company has one active equity compensation plan from which new grants may be made, the Graphic Packaging Holding Company 2014 Omnibus Stock and Incentive Compensation Plan (the “2014 Plan”). Under the 2014 Plan, the Company may grant stock options, stock appreciation rights, restricted stock, restricted stock units (“RSUs”) and other types of stock-based and cash awards. Awards under the 2014 Plan generally vest and expire in accordance with terms established at the time of grant. Shares issued pursuant to awards under the 2014 Plan are from the Company’s authorized but unissued shares. Compensation costs are recognized on a straight-line basis over the requisite service period of the award. Stock Awards, Restricted Stock and Restricted Stock Units Under the 2014 Plan, all RSUs generally vest and become payable in three years from date of grant. RSUs granted to employees generally contain some combination of service and performance objectives based on various financial targets and relative total shareholder return that must be met for the RSUs to vest. Stock awards granted to non-employee directors as part of their compensation for service on the Board are unrestricted on the grant date. Data concerning RSUs granted in the first six months of 2019 is as follows: RSUs Weighted Average Grant Date Fair Value Per Share RSUs — Employees 2,108,045 $ 12.29 Stock Awards — Board of Directors 74,760 $ 12.84 During the six months ended June 30, 2019 and 2018 , $10.8 million and $8.0 million , respectively, were charged to compensation expense for stock incentive plans. During the six months ended June 30, 2019 and 2018 , 0.5 million and 0.6 million shares were issued, respectively. The shares issued were primarily related to RSUs granted during 2016 and 2015, respectively.

Pensions and Other Postretireme

Pensions and Other Postretirement Benefits	6 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
Pensions and Other Postretirement Benefits	PENSIONS AND OTHER POSTRETIREMENT BENEFITS The Company maintains both defined benefit pension plans and postretirement health care plans that provide medical and life insurance coverage to eligible salaried and hourly retired employees in North America and their dependents. The Company maintains international defined benefit pension plans which are either noncontributory or contributory and are funded in accordance with applicable local laws. Pension or termination benefits are based primarily on years of service and the employee's compensation. Pension and Postretirement Expense The pension and postretirement expenses related to the Company’s plans consisted of the following: Pension Benefits Postretirement Health Care Benefits Three Months Ended Six Months Ended Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, In millions 2019 2018 2019 2018 2019 2018 2019 2018 Components of Net Periodic Cost: Service Cost $ 3.7 $ 4.6 $ 7.0 $ 9.2 $ 0.2 $ 0.1 $ 0.3 $ 0.3 Interest Cost 11.5 10.5 23.0 21.0 0.3 0.3 0.6 0.6 Administrative Expenses 0.1 0.1 0.2 0.2 — — — — Expected Return on Plan Assets (13.7 ) (15.9 ) (27.5 ) (31.9 ) — — — — Amortization: Prior Service Cost (Credit) — 0.1 — 0.2 (0.1 ) — (0.1 ) (0.1 ) Actuarial Loss (Gain) 2.6 1.4 5.1 2.8 (0.7 ) (0.4 ) (1.2 ) (0.9 ) Net Periodic Cost (Benefit) $ 4.2 $ 0.8 $ 7.8 $ 1.5 $ (0.3 ) $ — $ (0.4 ) $ (0.1 ) Employer Contributions The Company made contributions of $1.1 million and $2.0 million to its pension plans during the first six months of 2019 and 2018 , respectively. The Company expects to make contributions of approximately $10 million for the full year 2019 . During 2018 , the Company made $5.8 million of contributions to its pension plans. The Company made postretirement health care benefit payments of $1.2 million and $1.3 million during the first six months of 2019 and 2018 , respectively. The Company estimates its postretirement health care benefit payments for the full year 2019 to be approximately $2 million . During 2018 , the Company made postretirement health care benefit payments of $1.9 million .

Financial Instruments and Fair

Financial Instruments and Fair Value Measurement	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments and Fair Value Measurement	FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENT The Company enters into derivative instruments for risk management purposes only, including derivatives designated as hedging instruments under the Derivatives and Hedging topic of the FASB Codification and those not designated as hedging instruments under this guidance. The Company uses interest rate swaps, natural gas swap contracts, and forward exchange contracts. These derivative instruments are designated as cash flow hedges and, to the extent they are effective in offsetting the variability of the hedged cash flows, changes in the derivatives’ fair value are not included in current earnings but are included in Accumulated Other Comprehensive Loss. These changes in fair value will subsequently be reclassified to earnings, contemporaneously with and offsetting changes in the related hedged exposure, and presented in the same line of the income statement expected for the hedged item. For more information regarding the Company’s financial instruments and fair value measurement, see “ Note 9 — Financial Instruments, Derivatives and Hedging Activities ” and “ Note 10 — Fair Value Measurement ” of the Notes to Consolidated Financial Statements of the Company’s 2018 Form 10-K. Interest Rate Risk The Company uses interest rate swaps to manage interest rate risks on future interest payments caused by interest rate changes on its variable rate term loan facility. Changes in fair value will subsequently be reclassified into earnings as a component of Interest Expense, Net as interest is incurred on amounts outstanding under the term loan facility. The following table summarizes the Company's current interest rate swap positions for each period presented as of June 30, 2019 : Start End (In Millions) Weighted Average Interest Rate 04/03/2018 01/01/2020 $150.0 2.25% 04/03/2018 10/01/2020 $150.0 2.36% 12/03/2018 01/01/2022 $120.0 2.92% 12/03/2018 01/04/2022 $80.0 2.79% During the first six months of 2019 and 2018 , there were no amounts of ineffectiveness related to changes in the fair value of interest rate swap agreements. Additionally, there were no amounts excluded from the measure of effectiveness. Commodity Risk To manage risks associated with future variability in cash flows and price risk attributable to purchases of natural gas, the Company enters into natural gas swap contracts to hedge prices for a designated percentage of its expected natural gas usage. Such contracts are designated as cash flow hedges. The contracts are carried at fair value with changes in fair value recognized in Accumulated Other Comprehensive Loss and resulting gain or loss reclassified into Cost of Sales concurrently with the recognition of the commodity consumed. The Company has hedged approximately 48% and 47% of its expected natural gas usage for the remainder of 2019 and all of 2020 , respectively. During the first six months of 2019 and 2018 , there were no and minimal amounts of ineffectiveness related to changes in the fair value of natural gas swap contracts, respectively. Additionally, there were no amounts excluded from the measure of effectiveness. Foreign Currency Risk The Company enters into forward exchange contracts to manage risks associated with foreign currency transactions and future variability of cash flows arising from those transactions that may be adversely affected by changes in exchange rates. The contracts are carried at fair value with changes in fair value recognized in Accumulated Other Comprehensive Loss and gains/losses related to these contracts are recognized in Other Expense, Net or Net Sales , when appropriate. At June 30, 2019 , multiple forward exchange contracts existed that expire on various dates through the remainder of 2019 . Those purchased forward exchange contracts outstanding at June 30, 2019 and December 31, 2018 , when aggregated and measured in U.S. dollars at contractual rates at June 30, 2019 and December 31, 2018 , had notional amounts totaling $23.4 million and $51.6 million , respectively. No amounts were reclassified to earnings during the first six months of 2019 or during 2018 in connection with forecasted transactions that were considered probable of not occurring and there was no amount of ineffectiveness related to changes in the fair value of foreign currency forward contracts. Additionally, there were no amounts excluded from the measure of effectiveness. Derivatives not Designated as Hedges The Company enters into forward exchange contracts to effectively hedge substantially all of its accounts receivables resulting from sales transactions and intercompany loans denominated in foreign currencies in order to manage risks associated with variability in cash flows that may be adversely affected by changes in exchange rates. At June 30, 2019 and December 31, 2018 , multiple foreign currency forward exchange contracts existed, with maturities ranging up to three months . Those foreign currency exchange contracts outstanding at June 30, 2019 and December 31, 2018 , when aggregated and measured in U.S. dollars at exchange rates at June 30, 2019 and December 31, 2018 , had net notional amounts totaling $90.8 million and $62.2 million , respectively. Unrealized gains and losses resulting from these contracts are recognized in Other Expense, Net and approximately offset corresponding recognized but unrealized gains and losses on the remeasurement of these accounts receivable. Fair Value of Financial Instruments The Company’s derivative instruments are carried at fair value. The Company has determined that the inputs to the valuation of these derivative instruments are Level 2 in the fair value hierarchy. Level 2 inputs are defined as quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. The Company uses valuation techniques based on discounted cash flow analyses, which reflect the terms of the derivatives and use observable market-based inputs, including forward rates, and uses market price quotations obtained from independent derivatives brokers, corroborated with information obtained from independent pricing service providers. As of June 30, 2019 , there has not been any significant impact to the fair value of the Company’s derivative liabilities due to its own credit risk. Similarly, there has not been any significant adverse impact to the Company’s derivative assets based on evaluation of the Company’s counterparties’ credit risks. The following table summarizes the fair value of the Company’s derivative instruments: Derivative Assets (a) Derivative Liabilities (b) June 30, December 31, June 30, December 31, In millions 2019 2018 2019 2018 Derivatives designated as hedging instruments: Interest rate contracts $ 0.2 $ 0.8 $ 7.8 $ 2.7 Foreign currency contracts 0.3 — 0.2 0.5 Commodity contracts — — 2.8 0.2 Total Derivatives $ 0.5 $ 0.8 $ 10.8 $ 3.4 (a) Derivative assets of $0.5 million and $0.7 million are included in Other Current Assets as of June 30, 2019 and December 31, 2018 , respectively. Derivative assets of $0.1 million are included in Other Assets as of December 31, 2018 . (b) Derivative liabilities of $6.0 million and $1.3 million are included in Other Accrued Liabilities as of June 30, 2019 and December 31, 2018 , respectively. Derivative liabilities of $4.8 million and $2.1 million are included in Other Noncurrent Liabilities as of June 30, 2019 and December 31, 2018 , respectively. The fair values of the Company’s other financial assets and liabilities at June 30, 2019 and December 31, 2018 approximately equal the carrying values reported on the Condensed Consolidated Balance Sheets except for Long-Term Debt. The fair value of the Company’s Long-Term Debt (excluding finance leases and deferred financing fees) was $2,951.8 million and $2,762.5 million as compared to the carrying amounts of $2,916.1 million and $2,833.1 million as of June 30, 2019 and December 31, 2018 , respectively. The fair value of the Company’s Total Debt, including the Senior Notes, are based on quoted market prices (Level 2 inputs). Level 2 valuation techniques for Long-Term Debt are based on quotations obtained from independent pricing service providers. Effect of Derivative Instruments The pre-tax effect of derivative instruments in cash flow hedging relationships in the Company’s Condensed Consolidated Statements of Operations is as follows: Amount of Loss (Gain) Recognized in Accumulated Other Comprehensive Loss Location in Statement of Operations Amount of Loss (Gain) Recognized in Statement of Operations Three Months Ended June 30, Six Months Ended June 30, Three Months Ended June 30, Six Months Ended June 30, In millions 2019 2018 2019 2018 2019 2018 2019 2018 Commodity Contracts $ 3.6 $ (0.3 ) $ 2.7 $ (0.9 ) Cost of Sales $ (0.1 ) $ (0.2 ) $ 0.1 $ (0.4 ) Foreign Currency Contracts 0.2 (2.4 ) (0.9 ) (0.3 ) Other Expense, Net — 0.6 (0.7 ) 1.0 Interest Rate Swap Agreements 3.8 — 5.8 (0.7 ) Interest Expense, Net 0.1 (0.1 ) 0.1 (0.4 ) Total $ 7.6 $ (2.7 ) $ 7.6 $ (1.9 ) $ — $ 0.3 $ (0.5 ) $ 0.2 The effect of derivative instruments not designated as hedging instruments on the Company’s Condensed Consolidated Statements of Operations is as follows: Three Months Ended June 30, Six Months Ended June 30, In millions 2019 2018 2019 2018 Foreign Currency Contracts Other Expense, Net $ 1.5 $ 4.9 $ 1.4 $ 3.9 Accumulated Derivative Instruments Income (Loss) The following is a rollforward of pre-tax Accumulated Derivative Instruments Income (Loss) which is included in the Company’s Condensed Consolidated Balance Sheet as of June 30, 2019 : In millions Balance at December 31, 2018 $ (1.9 ) Reclassification to Earnings (0.5 ) Current Period Change in Fair Value (7.6 ) Balance at June 30, 2019 $ (10.0 ) At June 30, 2019 , the Company expects to reclassify $5.2 million of loss in the next twelve months from Accumulated Other Comprehensive Loss to earnings, contemporaneously with and offsetting changes in the related hedged exposure. The actual amount that will be reclassified to future earnings may vary from this amount as a result of changes in market conditions.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Substantially all of the Company’s operations are held through its majority investment in GPIP, a subsidiary that is classified as a partnership for U.S. income tax purposes and is generally not subject to domestic income tax expense. As a result, the consolidated financial statements exclude the domestic tax effect of the earnings attributable to the minority partner’s interest in GPIP. During the six months ended June 30, 2019 , the Company recognized Income Tax Expense of $44.0 million on Income before Income Taxes and Equity Income of Unconsolidated Entity of $207.8 million . The effective tax rate for the six months ended June 30, 2019 is lower than the statutory rate primarily due to the tax effect of income attributable to noncontrolling interests as well as the mix and levels of earnings between foreign and domestic tax jurisdictions. During the six months ended June 30, 2018 , the Company recognized Income Tax Expense of $23.6 million on Income before Income Taxes and Equity Income of Unconsolidated Entity of $131.6 million . The effective tax rate for the six months ended June 30, 2018 was lower than the statutory rate primarily due to the tax effect of income attributable to non-controlling interests as well as the mix and levels of earnings between foreign and domestic tax jurisdictions. In addition, the Company recorded a discrete benefit of approximately $4 million during the six months ended June 30, 2018 to reflect indirect impacts of the NACP Combination. As of December 31, 2018 , the Company had approximately $168 million of Net Operating Losses (“NOLs”) for U.S. federal income tax purposes which may be used to offset future taxable income. Based on these NOLs and other tax benefits, the Company does not expect to be a meaningful U.S. federal cash taxpayer until 2021.

Environmental and Legal Matters

Environmental and Legal Matters	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Environmental and Legal Matters	ENVIRONMENTAL AND LEGAL MATTERS Environmental Matters The Company is subject to a broad range of foreign, federal, state and local environmental, health and safety laws and regulations, including those governing discharges to air, soil and water, the management, treatment and disposal of hazardous substances, solid waste and hazardous wastes, the investigation and remediation of contamination resulting from historical site operations and releases of hazardous substances, and the health and safety of employees. Compliance initiatives could result in significant costs, which could negatively impact the Company’s consolidated financial position, results of operations or cash flows. Any failure to comply with environmental or health and safety laws and regulations or any permits and authorizations required thereunder could subject the Company to fines, corrective action or other sanctions. Some of the Company’s current and former facilities are the subject of environmental investigations and remediations resulting from historic operations and the release of hazardous substances or other constituents. Some current and former facilities have a history of industrial usage for which investigation and remediation obligations may be imposed in the future or for which indemnification claims may be asserted against the Company. Also, closures or sales of facilities may necessitate investigation and may result in remediation activities at those facilities. The Company has established reserves for those facilities or issues where a liability is probable and the costs are reasonably estimable. The Company believes that the amounts accrued for its loss contingencies, and the reasonably possible loss beyond the amounts accrued, are not material to the Company’s consolidated financial position, results of operations or cash flows. The Company cannot estimate with certainty other future compliance, investigation or remediation costs. Some costs relating to historic usage that the Company considers to be reasonably possible of resulting in liability are not quantifiable at this time. The Company will continue to monitor environmental issues at each of its facilities, as well as regulatory developments, and will revise its accruals, estimates and disclosures relating to past, present and future operations, as additional information is obtained. Legal Matters The Company is a party to a number of lawsuits arising in the ordinary conduct of its business. Although the timing and outcome of these lawsuits cannot be predicted with certainty, the Company does not believe that disposition of these lawsuits will have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS In connection with the NACP Combination, the Company entered into agreements with IP for transition services, fiber procurement fees and corrugated products and ink supply. Payments to IP for the six months ended June 30, 2019 under these agreements were $0.1 million , $5.6 million (related to pass through wood purchases of approximately $124 million ) and $12.7 million , respectively. Payments to IP for the six months ended June 30, 2018 under these agreements were $14.6 million , $8.5 million (related to pass through wood purchases of approximately $100 million ) and $14.7 million , respectively. In addition, approximately $2 million and $5 million of payments were made for purchases unrelated to these agreements for the six months ended June 30, 2019 and 2018 , respectively.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION On January 1, 2018, the Company aggregated the three converting plants from the NACP Combination with America's Converting operating segment into one reportable segment. The Company has three reportable segments as follows: Paperboard Mills includes the eight North American paperboard mills which produce primarily CRB, CUK, and SBS, which is consumed internally to produce paperboard packaging for the Americas and Europe Paperboard Packaging segments. The remaining paperboard is sold externally to a wide variety of paperboard packaging converters and brokers. The Paperboard Mills segment Net Sales represent the sale of paperboard only to external customers. The effect of intercompany transfers to the paperboard packaging segments has been eliminated from the Paperboard Mills segment to reflect the economics of the integration of these segments. Americas Paperboard Packaging includes paperboard packaging, primarily folding cartons, sold primarily to Consumer Packaged Goods ("CPG") companies, and cups, lids and food containers sold primarily to foodservice companies and quick-service restaurants ("QSR"), all serving the food, beverage, and consumer product markets in the Americas. Europe Paperboard Packaging includes paperboard packaging, primarily folding cartons, sold primarily to CPG companies serving the food, beverage and consumer product markets in Europe. The Company allocates certain mill and corporate costs to the reportable segments to appropriately represent the economics of these segments. The Corporate and Other caption includes the Pacific Rim and Australia operating segments and unallocated corporate and one-time costs. These segments are evaluated by the chief operating decision maker based primarily on Income from Operations, as adjusted for depreciation and amortization. The accounting policies of the reportable segments are the same as those described above in " Note 1 - General Information. " Segment information is as follows: Three Months Ended Six Months Ended June 30, June 30, In millions 2019 2018 2019 2018 NET SALES: Paperboard Mills $ 279.2 $ 267.2 $ 554.7 $ 545.6 Americas Paperboard Packaging 1,062.7 1,023.9 2,085.5 2,014.7 Europe Paperboard Packaging 177.2 184.8 351.0 359.4 Corporate/Other/Eliminations (a) 33.7 35.0 67.5 68.6 Total $ 1,552.8 $ 1,510.9 $ 3,058.7 $ 2,988.3 INCOME (LOSS) FROM OPERATIONS: Paperboard Mills $ 12.5 $ (8.4 ) $ 8.5 $ (15.1 ) Americas Paperboard Packaging 125.3 114.3 250.9 226.3 Europe Paperboard Packaging 15.5 12.8 34.7 27.5 Corporate and Other (b) (8.9 ) (8.4 ) (15.7 ) (54.4 ) Total $ 144.4 $ 110.3 $ 278.4 $ 184.3 DEPRECIATION AND AMORTIZATION: Paperboard Mills $ 52.4 $ 57.2 $ 108.6 $ 108.7 Americas Paperboard Packaging 40.9 37.3 84.6 78.3 Europe Paperboard Packaging 11.8 12.3 23.6 24.8 Corporate and Other 5.1 4.5 10.5 9.3 Total $ 110.2 $ 111.3 $ 227.3 $ 221.1 (a) Includes Revenue from contracts with customers for the Australia and Pacific Rim operating segments, which is no t material. (b) Includes expenses related to business combinations, gain on sale of assets and shutdown and other special charges. For more information regarding the Company’s business segments, see “ Note 15 — Business Segment and Geographic Area Information ” of the Notes to Consolidated Financial Statements of the Company’s 2018 Form 10-K.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE Three Months Ended Six Months Ended June 30, June 30, In millions, except per share data 2019 2018 2019 2018 Net Income Attributable to Graphic Packaging Holding Company $ 63.8 $ 49.4 $ 121.7 $ 79.3 Weighted Average Shares: Basic 295.2 310.7 296.3 310.6 Dilutive Effect of RSUs 0.5 0.6 0.7 0.7 Diluted 295.7 311.3 297.0 311.3 Income Per Share — Basic $ 0.22 $ 0.16 $ 0.41 $ 0.26 Income Per Share — Diluted $ 0.22 $ 0.16 $ 0.41 $ 0.25

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interest	6 Months Ended
	Jun. 30, 2019
Temporary Equity Disclosure [Abstract]
Redeemable Noncontrolling Interest	REDEEMABLE NONCONTROLLING INTEREST For information regarding the Company's Redeemable Noncontrolling Interest, see " Note 14 — Redeemable Noncontrolling Interest " of the Notes to Consolidated Financial Statements of the Company's 2018 Form 10-K. At June 30, 2019 , the redeemable noncontrolling interest was determined as follows: In millions Balance at December 31, 2018 $ 275.8 Net Income Attributable to Redeemable Noncontrolling Interest 9.7 Other Comprehensive Loss, Net of Tax (0.2 ) Reclassification to Noncontrolling Interest for Share Repurchases (a) (12.5 ) Distributions of Membership Interest (3.2 ) Balance at June 30, 2019 $ 269.6 (a) In the second quarter of 2019, the Company recorded a reversal for a previous reclassification to redeemable noncontrolling interest back to noncontrolling interest related to share repurchases. The Company determined that this reclassification due to the share repurchases was not required.

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Accumulated Other Comprehensive (Loss)	ACCUMULATED OTHER COMPREHENSIVE LOSS The changes in the components of Accumulated Other Comprehensive Loss attributable to GPHC for the six months ended June 30, 2019 are as follows (a) : In millions Derivatives Instruments Pension and Postretirement Benefit Plans Currency Translation Adjustments Total Balance at December 31, 2018 $ (11.3 ) $ (246.1 ) $ (120.5 ) $ (377.9 ) Other Comprehensive (Loss) Income before Reclassifications (6.2 ) (0.2 ) 1.6 (4.8 ) Amounts Reclassified from Accumulated Other Comprehensive (Loss) Income (b) (0.4 ) 3.1 — 2.7 Net Current-period Other Comprehensive (Loss) Income (6.6 ) 2.9 1.6 (2.1 ) Less: Net Current-period Other Comprehensive Loss (Income) Attributable to Noncontrolling Interest (c) 1.8 (0.8 ) (0.3 ) 0.7 Balance at June 30, 2019 $ (16.1 ) $ (244.0 ) $ (119.2 ) $ (379.3 ) (a) All amounts are net-of-tax. (b) See following table for details about these reclassifications. (c) Includes amounts related to redeemable noncontrolling interest which are separately classified outside of permanent equity in the mezzanine section of the Condensed Consolidated Balance Sheets. The following represents reclassifications out of Accumulated Other Comprehensive Loss for the six months ended June 30, 2019 : In millions Details about Accumulated Other Comprehensive Income Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item in the Statement Where Net Income is Presented Derivatives Instruments: Commodity Contracts $ 0.1 Cost of Sales Foreign Currency Contracts (0.7 ) Other Expense, Net Interest Rate Swap Agreements 0.1 Interest Income, Net (0.5 ) Total before Tax 0.1 Tax Expense $ (0.4 ) Net of Tax Amortization of Defined Benefit Pension Plans: Prior Service Costs $ — (a) Actuarial Losses 5.1 (a) 5.1 Total before Tax (1.0 ) Tax Benefit $ 4.1 Net of Tax Amortization of Postretirement Benefit Plans: Prior Service Credits $ (0.1 ) (a) Actuarial Gains (1.2 ) (a) (1.3 ) Total before Tax 0.3 Tax Expense $ (1.0 ) Net of Tax Total Reclassifications for the Period $ 2.7 (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see “ Note 7 — Pensions and Other Postretirement Benefits ").

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On July 23, 2019, the Company announced that it reached an agreement to acquire substantially all the assets of Artistic Carton Company (“Artistic”), through a subsidiary, subject to standard closing conditions. The transaction is expected to close in the third quarter of 2019. The Artistic business includes one CRB mill located in White Pigeon, MI with an annual capacity of approximately 70,000 tons and two

General Information (Policies)

General Information (Policies)	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Consolidation	The Company’s Condensed Consolidated Financial Statements include all subsidiaries in which the Company has the ability to exercise direct or indirect control over operating and financial policies. Intercompany transactions and balances are eliminated in consolidation.
Basis of Accounting	In the Company’s opinion, the accompanying Condensed Consolidated Financial Statements contain all normal recurring adjustments necessary to present fairly the financial position, results of operations and cash flows for the interim periods. The Company’s year end Condensed Consolidated Balance Sheet data was derived from audited financial statements. The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with instructions to Form 10-Q and Rule 10-01 of Regulation S-X and do not include all the information required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements. Therefore, these Condensed Consolidated Financial Statements should be read in conjunction with GPHC’s Form 10-K for the year ended December 31, 2018
Use of Estimates	In addition, the preparation of the Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual amounts could differ from those estimates and changes in these estimates are recorded when known.
Reclassification	The Company has reclassified the presentation of certain prior period information to conform to the current presentation. This reclassification had no impact on operating income.
Revenue Recognition	The Company has two primary activities, the manufacturing and converting of paperboard, from which it generates revenue from contracts with customers. Revenue is disaggregated primarily by geography and type of activity as further explained in " Note 12-Segments. " All reportable segments and the Australia and Pacific Rim operating segments recognize revenue under the same method, allocate transaction price using similar methods, and have similar economic factors impacting the uncertainty of revenue and related cash flows. Revenue is recognized on the Company's annual and multi-year supply contracts when the Company satisfies the performance obligation by transferring control over the product or service to a customer, which is generally based on shipping terms and passage of title under the point-in-time method of recognition. For the three months ended June 30, 2019 and 2018 , the Company recognized $1,548.1 million and $1,507.8 million , respectively, of revenue from contracts with customers. For the six months ended June 30, 2019 and 2018 , the Company recognized $3,049.7 million and $2,976.0 million , respectively, of revenue from contracts with customers. The transaction price allocated to each performance obligation consists of the stand alone selling price, estimates of rebates and other sales or contract renewal incentives, and cash discounts and sales returns ("Variable Consideration") and excludes sales tax. Estimates are made for Variable Consideration based on contract terms and historical experience of actual results and are applied to the performance obligations as they are satisfied. Purchases by the Company’s principal customers are manufactured and shipped with minimal lead time, therefore performance obligations are generally satisfied shortly after manufacturing and shipment. The Company uses standard payment terms that are consistent with industry practice.
Accounting Standards Adopted and Not Yet Adopted	Adoption of New Accounting Standards Effective January 1, 2019, the Company adopted Accounting Standards Update ("ASU") No. 2017-12, Derivatives and Hedging (Topic 815); Targeted Improvements to Accounting for Hedging Activities. The amendments in this ASU better align the risk management activities and financial reporting for these hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and presentation of hedge results. The adoption of this standard did not have a material impact on the Company’s financial position, results of operations and cash flows. Effective January 1, 2019, the Company adopted ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . The amendment allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the 2017 Tax Cuts and Job Act (“The Act”). The Company adopted the amendment effective January 1, 2019 and elected not to reclassify the income tax effects of The Act from other comprehensive income to retained earnings. The Company’s policy with respect to stranded income tax effects in accumulated other comprehensive loss is to release these effects using the aggregate portfolio approach. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ("ASC 842") . The amendments in this ASU require an entity to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. The amendments also require certain quantitative and qualitative disclosures about leasing arrangements. The Company adopted ASC 842 effective January 1, 2019, prospectively. The adoption of this standard had a material impact on the Company’s financial position, with no material impact on the results of operations and cash flows (see "Note 5 - Leases" ). Accounting Standards Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments which amends the FASB's guidance on the impairment of financial instruments. The ASU adds to U.S. GAAP an impairment model (known as the "current expected credit loss model") that is based on expected losses rather than incurred losses. ASU 2016-13 is effective for annual reporting periods beginning after December 15, 2019, including interim periods within those fiscal years. The Company is currently evaluating the impact of adoption on its financial statements. In January 2017, the FASB issued ASU No. 2017-04 Intangibles - Goodwill and Other (Topic 350); Simplifying the Test for Goodwill Impairment which simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 of the goodwill impairment model. Step 2 measures a goodwill impairment loss by comparing the implied value of a reporting unit’s goodwill with the carrying amount of that goodwill. An entity would recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value; however, the loss recognized is limited to the amount of goodwill allocated to that reporting unit. The guidance is effective for fiscal years beginning after December 15, 2019. Early adoption is permitted for any impairment tests performed after January 1, 2017. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement . This amendment modifies the disclosure requirements on fair value measurements. The guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance. In August 2018, the FASB issued ASU No. 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20); Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans . This amendment removes certain disclosures that are not considered cost beneficial, clarifies certain required disclosures and adds additional disclosures. The guidance is effective for fiscal years ending after December 15, 2020 and would be applied on a retrospective basis. The Company is currently evaluating the impact this guidance will have on its related disclosures.

General Information (Tables)

General Information (Tables)	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of the Agreements for Purchasing and Servicing of Receivables	The following table summarizes the activity under these programs as of June 30, 2019 and 2018 , respectively: Six Months Ended June 30, In millions 2019 2018 Receivables Sold and Derecognized $ 1,410.2 $ 1,669.6 Proceeds Collected on Behalf of Financial Institutions 1,077.2 1,632.0 Net Proceeds Paid to Financial Institutions (3.6 ) (51.5 ) Deferred Purchase Price (a) 5.2 202.4 Pledged Receivables 124.0 — (a) Included in Other Current Assets and represents a beneficial interest in the receivables sold to the financial institutions, which is a Level 3 fair value measure.
Schedule of Restructuring and Other Special Charges	The following table summarizes the transactions recorded in Business Combinations and Shutdown and Other Special Charges, Net in the Condensed Consolidated Statements of Operations: Three Months Ended Six Months Ended June 30, June 30, In millions 2019 2018 2019 2018 Charges Associated with Business Combinations $ 0.5 $ 6.6 $ 2.6 $ 33.6 Shutdown and Other Special Charges 9.4 2.0 13.5 2.8 Gain on Sale of Assets — — — (1.5 ) Total $ 9.9 $ 8.6 $ 16.1 $ 34.9

Inventories, Net (Tables)

Inventories, Net (Tables)	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Inventories, Net by major class	Inventories, Net by major class: In millions June 30, December 31, 2018 Finished Goods $ 440.3 $ 426.9 Work in Progress 121.4 102.2 Raw Materials 369.0 319.9 Supplies 168.8 165.4 Total $ 1,099.5 $ 1,014.4

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-Term Debt is comprised of the following: In millions June 30, 2019 December 31, 2018 Senior Notes with interest payable semi-annually at 4.75%, effective rate of 4.83%, payable in 2027 $ 300.0 $ — Senior Notes with interest payable semi-annually at 4.125%, effective rate of 4.17%, payable in 2024 300.0 300.0 Senior Notes with interest payable semi-annually at 4.875%, effective rate of 4.92%, payable in 2022 250.0 250.0 Senior Notes with interest payable semi-annually at 4.75%, effective rate of 4.77%, payable in 2021 425.0 425.0 Senior Secured Term Loan Facilities with interest payable at various dates at floating rates (3.89% at June 30, 2019) payable through 2023 1,414.4 1,432.6 Senior Secured Revolving Facilities with interest payable at floating rates (3.05% at June 30, 2019) payable in 2023 220.4 399.0 Finance Leases 136.4 122.9 Other 6.3 26.5 Total Long-Term Debt 3,052.5 2,956.0 Less: Current Portion 40.8 40.3 3,011.7 2,915.7 Less: Unamortized Deferred Debt Issuance Costs 14.2 10.6 Total $ 2,997.5 $ 2,905.1
Schedule of Revolving Credit Facilities	At June 30, 2019 , the Company and its U.S. and international subsidiaries had the following commitments, amounts outstanding and amounts available under revolving credit facilities: In millions Total Commitments Total Outstanding Total Available Senior Secured Domestic Revolving Credit Facility (a) $ 1,450.0 $ 138.8 $ 1,292.8 Senior Secured International Revolving Credit Facility 179.9 81.6 98.3 Other International Facilities 63.5 24.4 39.1 Total $ 1,693.4 $ 244.8 $ 1,430.2 (a) In accordance with its debt agreements, the Company’s availability under its revolving credit facilities has been reduced by the amount of standby letters of credit issued of $18.4 million as of June 30, 2019 . These letters of credit are primarily used as security against the Company's self-insurance obligations and workers’ compensation obligations. These letters of credit expire at various dates through 2019 and 2020 unless extended.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Components of lease cost	Supplemental cash flow information related to leases was as follows: Six Months Ended In millions June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 31.3 Operating cash flows from finance leases 3.8 Financing cash flows from finance leases 1.9 Right-of-use assets obtained in exchange for lease obligations: Operating leases 41.6 Finance leases 15.5 The components of lease costs are as follows: Three Months Ended Six Months Ended In millions June 30, 2019 June 30, 2019 Finance lease costs: Amortization of right-of-use asset $ 1.8 $ 3.6 Interest on lease liabilities 1.9 3.8 Operating lease costs 16.0 32.0 Short-term lease costs 2.9 6.5 Variable lease costs 1.1 2.1 Total lease costs, net $ 23.7 $ 48.0
Supplemental balance sheet information related to leases	Supplemental balance sheet information related to leases was as follows: In millions, except lease term and discount rate Balance Sheet Classification June 30, 2019 Operating Leases: Operating lease right-of-use asset Other Assets $ 200.7 Current operating lease liabilities Other Current Liabilities $ 53.7 Noncurrent operating lease liabilities Other Noncurrent Liabilities 150.6 Total operating lease liabilities $ 204.3 Finance Leases: Property, Plant and Equipment $ 142.1 Accumulated depreciation (8.3 ) Property, Plant and Equipment, net $ 133.8 Current finance lease liabilities Short-Term Debt and Current Portion of Long-Term Debt $ 4.3 Noncurrent finance lease liabilities Long-Term Debt 132.1 Total finance lease liabilities $ 136.4 Weighted Average Remaining Lease Term (Years) Operating leases 5 Finance leases 18 Weighted Average Discount Rate Operating leases 3.68 % Finance leases 5.62 %
Maturities of lease liabilities, finance leases	Maturities of lease liabilities are as follows: In millions Year ending December 31, Operating Leases Finance Leases 2019 (excluding the six months ended June 30, 2019) $ 31.9 $ 6.2 2020 54.1 12.5 2021 41.8 12.6 2022 32.6 12.2 2023 24.4 12.4 Thereafter 39.5 170.6 Total lease payments 224.3 226.5 Less imputed interest (20.0 ) (90.1 ) Total $ 204.3 $ 136.4
Maturities of lease liabilities, operating leases	Maturities of lease liabilities are as follows: In millions Year ending December 31, Operating Leases Finance Leases 2019 (excluding the six months ended June 30, 2019) $ 31.9 $ 6.2 2020 54.1 12.5 2021 41.8 12.6 2022 32.6 12.2 2023 24.4 12.4 Thereafter 39.5 170.6 Total lease payments 224.3 226.5 Less imputed interest (20.0 ) (90.1 ) Total $ 204.3 $ 136.4

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
Data concerning RSUs and stock awards granted	Data concerning RSUs granted in the first six months of 2019 is as follows: RSUs Weighted Average Grant Date Fair Value Per Share RSUs — Employees 2,108,045 $ 12.29 Stock Awards — Board of Directors 74,760 $ 12.84

Pensions and Other Postretire_2

Pensions and Other Postretirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
Schedule of pension and postretirement expenses	The pension and postretirement expenses related to the Company’s plans consisted of the following: Pension Benefits Postretirement Health Care Benefits Three Months Ended Six Months Ended Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, In millions 2019 2018 2019 2018 2019 2018 2019 2018 Components of Net Periodic Cost: Service Cost $ 3.7 $ 4.6 $ 7.0 $ 9.2 $ 0.2 $ 0.1 $ 0.3 $ 0.3 Interest Cost 11.5 10.5 23.0 21.0 0.3 0.3 0.6 0.6 Administrative Expenses 0.1 0.1 0.2 0.2 — — — — Expected Return on Plan Assets (13.7 ) (15.9 ) (27.5 ) (31.9 ) — — — — Amortization: Prior Service Cost (Credit) — 0.1 — 0.2 (0.1 ) — (0.1 ) (0.1 ) Actuarial Loss (Gain) 2.6 1.4 5.1 2.8 (0.7 ) (0.4 ) (1.2 ) (0.9 ) Net Periodic Cost (Benefit) $ 4.2 $ 0.8 $ 7.8 $ 1.5 $ (0.3 ) $ — $ (0.4 ) $ (0.1 )

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurement (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of interest rate swap positions	The following table summarizes the Company's current interest rate swap positions for each period presented as of June 30, 2019 : Start End (In Millions) Weighted Average Interest Rate 04/03/2018 01/01/2020 $150.0 2.25% 04/03/2018 10/01/2020 $150.0 2.36% 12/03/2018 01/01/2022 $120.0 2.92% 12/03/2018 01/04/2022 $80.0 2.79%
Fair value of derivative instruments	The following table summarizes the fair value of the Company’s derivative instruments: Derivative Assets (a) Derivative Liabilities (b) June 30, December 31, June 30, December 31, In millions 2019 2018 2019 2018 Derivatives designated as hedging instruments: Interest rate contracts $ 0.2 $ 0.8 $ 7.8 $ 2.7 Foreign currency contracts 0.3 — 0.2 0.5 Commodity contracts — — 2.8 0.2 Total Derivatives $ 0.5 $ 0.8 $ 10.8 $ 3.4 (a) Derivative assets of $0.5 million and $0.7 million are included in Other Current Assets as of June 30, 2019 and December 31, 2018 , respectively. Derivative assets of $0.1 million are included in Other Assets as of December 31, 2018 . (b) Derivative liabilities of $6.0 million and $1.3 million are included in Other Accrued Liabilities as of June 30, 2019 and December 31, 2018 , respectively. Derivative liabilities of $4.8 million and $2.1 million are included in Other Noncurrent Liabilities as of June 30, 2019 and December 31, 2018 , respectively.
Pre-tax effect of derivative instruments designated as hedges	The pre-tax effect of derivative instruments in cash flow hedging relationships in the Company’s Condensed Consolidated Statements of Operations is as follows: Amount of Loss (Gain) Recognized in Accumulated Other Comprehensive Loss Location in Statement of Operations Amount of Loss (Gain) Recognized in Statement of Operations Three Months Ended June 30, Six Months Ended June 30, Three Months Ended June 30, Six Months Ended June 30, In millions 2019 2018 2019 2018 2019 2018 2019 2018 Commodity Contracts $ 3.6 $ (0.3 ) $ 2.7 $ (0.9 ) Cost of Sales $ (0.1 ) $ (0.2 ) $ 0.1 $ (0.4 ) Foreign Currency Contracts 0.2 (2.4 ) (0.9 ) (0.3 ) Other Expense, Net — 0.6 (0.7 ) 1.0 Interest Rate Swap Agreements 3.8 — 5.8 (0.7 ) Interest Expense, Net 0.1 (0.1 ) 0.1 (0.4 ) Total $ 7.6 $ (2.7 ) $ 7.6 $ (1.9 ) $ — $ 0.3 $ (0.5 ) $ 0.2
Pre-tax effect of derivative instruments not designated as hedges	The effect of derivative instruments not designated as hedging instruments on the Company’s Condensed Consolidated Statements of Operations is as follows: Three Months Ended June 30, Six Months Ended June 30, In millions 2019 2018 2019 2018 Foreign Currency Contracts Other Expense, Net $ 1.5 $ 4.9 $ 1.4 $ 3.9
Rollforward of pre-tax derivative Accumulated Other Comprehensive Loss	The following is a rollforward of pre-tax Accumulated Derivative Instruments Income (Loss) which is included in the Company’s Condensed Consolidated Balance Sheet as of June 30, 2019 : In millions Balance at December 31, 2018 $ (1.9 ) Reclassification to Earnings (0.5 ) Current Period Change in Fair Value (7.6 ) Balance at June 30, 2019 $ (10.0 )

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Information	Segment information is as follows: Three Months Ended Six Months Ended June 30, June 30, In millions 2019 2018 2019 2018 NET SALES: Paperboard Mills $ 279.2 $ 267.2 $ 554.7 $ 545.6 Americas Paperboard Packaging 1,062.7 1,023.9 2,085.5 2,014.7 Europe Paperboard Packaging 177.2 184.8 351.0 359.4 Corporate/Other/Eliminations (a) 33.7 35.0 67.5 68.6 Total $ 1,552.8 $ 1,510.9 $ 3,058.7 $ 2,988.3 INCOME (LOSS) FROM OPERATIONS: Paperboard Mills $ 12.5 $ (8.4 ) $ 8.5 $ (15.1 ) Americas Paperboard Packaging 125.3 114.3 250.9 226.3 Europe Paperboard Packaging 15.5 12.8 34.7 27.5 Corporate and Other (b) (8.9 ) (8.4 ) (15.7 ) (54.4 ) Total $ 144.4 $ 110.3 $ 278.4 $ 184.3 DEPRECIATION AND AMORTIZATION: Paperboard Mills $ 52.4 $ 57.2 $ 108.6 $ 108.7 Americas Paperboard Packaging 40.9 37.3 84.6 78.3 Europe Paperboard Packaging 11.8 12.3 23.6 24.8 Corporate and Other 5.1 4.5 10.5 9.3 Total $ 110.2 $ 111.3 $ 227.3 $ 221.1 (a) Includes Revenue from contracts with customers for the Australia and Pacific Rim operating segments, which is no t material. (b) Includes expenses related to business combinations, gain on sale of assets and shutdown and other special charges.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of earnings per share	Three Months Ended Six Months Ended June 30, June 30, In millions, except per share data 2019 2018 2019 2018 Net Income Attributable to Graphic Packaging Holding Company $ 63.8 $ 49.4 $ 121.7 $ 79.3 Weighted Average Shares: Basic 295.2 310.7 296.3 310.6 Dilutive Effect of RSUs 0.5 0.6 0.7 0.7 Diluted 295.7 311.3 297.0 311.3 Income Per Share — Basic $ 0.22 $ 0.16 $ 0.41 $ 0.26 Income Per Share — Diluted $ 0.22 $ 0.16 $ 0.41 $ 0.25

Redeemable Noncontrolling Int_2

Redeemable Noncontrolling Interest (Tables)	6 Months Ended
	Jun. 30, 2019
Temporary Equity Disclosure [Abstract]
Summary of Redeemable Noncontrolling Interest	At June 30, 2019 , the redeemable noncontrolling interest was determined as follows: In millions Balance at December 31, 2018 $ 275.8 Net Income Attributable to Redeemable Noncontrolling Interest 9.7 Other Comprehensive Loss, Net of Tax (0.2 ) Reclassification to Noncontrolling Interest for Share Repurchases (a) (12.5 ) Distributions of Membership Interest (3.2 ) Balance at June 30, 2019 $ 269.6 (a)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive (Loss) (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Schedule of changes in Accumulated Other Comprehensive (Loss) Income	The changes in the components of Accumulated Other Comprehensive Loss attributable to GPHC for the six months ended June 30, 2019 are as follows (a) : In millions Derivatives Instruments Pension and Postretirement Benefit Plans Currency Translation Adjustments Total Balance at December 31, 2018 $ (11.3 ) $ (246.1 ) $ (120.5 ) $ (377.9 ) Other Comprehensive (Loss) Income before Reclassifications (6.2 ) (0.2 ) 1.6 (4.8 ) Amounts Reclassified from Accumulated Other Comprehensive (Loss) Income (b) (0.4 ) 3.1 — 2.7 Net Current-period Other Comprehensive (Loss) Income (6.6 ) 2.9 1.6 (2.1 ) Less: Net Current-period Other Comprehensive Loss (Income) Attributable to Noncontrolling Interest (c) 1.8 (0.8 ) (0.3 ) 0.7 Balance at June 30, 2019 $ (16.1 ) $ (244.0 ) $ (119.2 ) $ (379.3 ) (a) All amounts are net-of-tax. (b) See following table for details about these reclassifications. (c) Includes amounts related to redeemable noncontrolling interest which are separately classified outside of permanent equity in the mezzanine section of the Condensed Consolidated Balance Sheets.
Reclassification out of Accumulated Other Comprehensive (Loss) Income	The following represents reclassifications out of Accumulated Other Comprehensive Loss for the six months ended June 30, 2019 : In millions Details about Accumulated Other Comprehensive Income Components Amount Reclassified from Accumulated Other Comprehensive Loss Affected Line Item in the Statement Where Net Income is Presented Derivatives Instruments: Commodity Contracts $ 0.1 Cost of Sales Foreign Currency Contracts (0.7 ) Other Expense, Net Interest Rate Swap Agreements 0.1 Interest Income, Net (0.5 ) Total before Tax 0.1 Tax Expense $ (0.4 ) Net of Tax Amortization of Defined Benefit Pension Plans: Prior Service Costs $ — (a) Actuarial Losses 5.1 (a) 5.1 Total before Tax (1.0 ) Tax Benefit $ 4.1 Net of Tax Amortization of Postretirement Benefit Plans: Prior Service Credits $ (0.1 ) (a) Actuarial Gains (1.2 ) (a) (1.3 ) Total before Tax 0.3 Tax Expense $ (1.0 ) Net of Tax Total Reclassifications for the Period $ 2.7 (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see “ Note 7 — Pensions and Other Postretirement Benefits ").

General Information - Revenue R

General Information - Revenue Recognition (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)revenue_generating_activity	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of revenue generating activities | revenue_generating_activity			2
Net sales	$ 1,548.1	$ 1,507.8	$ 3,049.7	$ 2,976
Contract assets	21.2		21.2		$ 19.6
Contract liabilities	$ 40.6		$ 40.6		$ 42.5

General Information - Accounts

General Information - Accounts Receivable and Allowances (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Receivables Sold and Derecognized	$ 1,410.2	$ 1,669.6
Proceeds Collected on Behalf of Financial Institutions	1,077.2	1,632
Net Proceeds Paid to Financial Institutions	(3.6)	(51.5)
Deferred Purchase Price	5.2	202.4
Pledged Receivables	124	0
Receivables sold	73	$ 57
Amount transferred subject to continuing involvement	$ 497		$ 602

General Information - Capital A

General Information - Capital Allocation Plan (Details) - USD ($)	Jul. 05, 2019	May 22, 2019	Apr. 05, 2019	Feb. 21, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jan. 28, 2019	Jan. 10, 2017
Equity, Class of Treasury Stock [Line Items]
Cash dividends declared per share (in dollars per share)		$ 0.075		$ 0.075	$ 0.075	$ 0.075	$ 0.15	$ 0.15
Stock repurchase program, remaining authorized repurchase amount					$ 512,000,000		$ 512,000,000
Cash dividends paid (in dollars per share)			$ 0.075
Share Repurchase Program 2019
Equity, Class of Treasury Stock [Line Items]
Share repurchase program, authorized amount									$ 500,000,000
2017 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Share repurchase program, authorized amount										$ 250,000,000
Shares repurchased (in shares)							6,461,896	0
Share price (in dollars per share)					$ 12.04		$ 12.04
Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Cash dividends paid (in dollars per share)	$ 0.075

General Information - Business

General Information - Business Combinations and Shutdown and Other Special Charges, Net (Details) $ in Millions	Sep. 30, 2018facility	Jun. 12, 2018facility	Jan. 01, 2018facility	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)
Business Combinations [Abstract]
Charges Associated with Business Combinations | $				$ 0.5	$ 6.6	$ 2.6	$ 33.6
Shutdown and Other Special Charges | $				9.4	2	13.5	2.8
Gain on Sale of Assets | $				0	0	0	(1.5)
Total | $				9.9	$ 8.6	$ 16.1	$ 34.9
Business Acquisition [Line Items]
Number of converting facilities			3
Length of program to dismantle and dispose of abandoned assets						3 years
Leticia Corporation
Business Acquisition [Line Items]
Number of facilities acquired	2
PFP Acquisition
Business Acquisition [Line Items]
Number of facilities acquired		2
NACP Combination | Paperboard Mills
Business Acquisition [Line Items]
Number of mills			2
NACP Combination | U.S. | Americas Paperboard Packaging
Business Acquisition [Line Items]
Number of converting facilities			3
NACP Combination | U.K. | Europe Paperboard Packaging
Business Acquisition [Line Items]
Number of converting facilities			1
Paperboard Mills
Business Acquisition [Line Items]
Expected cost of program to dismantle and dispose of abandoned assets | $				$ 40		$ 40

Inventories, Net (Details)

Inventories, Net (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Finished Goods	$ 440.3	$ 426.9
Work in Progress	121.4	102.2
Raw Materials	369	319.9
Supplies	168.8	165.4
Total	$ 1,099.5	$ 1,014.4

Business Combinations - Additio

Business Combinations - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Business Acquisition [Line Items]
Purchase price			$ 2	$ (3.4)
Net sales	$ 1,548.1	$ 1,507.8	3,049.7	2,976
Loss from operations	$ (144.4)	$ (110.3)	(278.4)	$ (184.3)
Acquisitions in 2018
Business Acquisition [Line Items]
Purchase price					$ 129
Net sales			61.3
Loss from operations			4.2
NACP Combination
Business Acquisition [Line Items]
Debt assumed in acquisition					660
Total purchase consideration					$ 1,800
Leticia Corporation
Business Acquisition [Line Items]
Reduction in property plant and equipment, net			$ 5

Debt - Long-Term Debt (Details)

Debt - Long-Term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 25, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt	$ 2,916.1		$ 2,833.1
Capital Lease and Financing Obligations	136.4		122.9
Other	6.3		26.5
Total Long-Term Debt	3,052.5		2,956
Less: Current Portion	40.8		40.3
Noncurrent Long-Term Debt and Capital Leases	3,011.7		2,915.7
Less: Unamortized Deferred Debt Issuance Costs	14.2		10.6
Total	2,997.5		2,905.1
Senior Notes | Senior Notes with interest payable semi-annually at 4.75%, effective rate of 4.83%, payable in 2027
Debt Instrument [Line Items]
Long-term debt	$ 300	$ 300	0
Stated interest rate	4.75%	4.75%
Effective interest rate	4.83%
Senior Notes | Senior Notes with interest payable semi-annually at 4.125%, effective rate of 4.17%, payable in 2024
Debt Instrument [Line Items]
Long-term debt	$ 300		300
Stated interest rate	4.125%
Effective interest rate	4.17%
Senior Notes | Senior Notes with interest payable semi-annually at 4.875%, effective rate of 4.92%, payable in 2022
Debt Instrument [Line Items]
Long-term debt	$ 250		250
Stated interest rate	4.875%
Effective interest rate	4.92%
Senior Notes | Senior Notes with interest payable semi-annually at 4.75%, effective rate of 4.77%, payable in 2021
Debt Instrument [Line Items]
Long-term debt	$ 425		425
Stated interest rate	4.75%
Effective interest rate	4.77%
Term Loan
Debt Instrument [Line Items]
Long-term debt	$ 1,414.4		1,432.6
Interest rate at period end	3.89%
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt	$ 220.4		$ 399
Interest rate at period end	3.05%

Debt - Revolving Credit Facilit

Debt - Revolving Credit Facilities (Details)	Jun. 30, 2019USD ($)
Line of Credit Facility [Line Items]
Total Commitments	$ 1,693,400,000
Total Outstanding	244,800,000
Total Available	1,430,200,000
Standby letters of credit issued	18,400,000
Senior Secured Domestic Revolving Credit Facility
Line of Credit Facility [Line Items]
Total Commitments	1,450,000,000
Total Outstanding	138,800,000
Total Available	1,292,800,000
Senior Secured International Revolving Credit Facility
Line of Credit Facility [Line Items]
Total Commitments	179,900,000
Total Outstanding	81,600,000
Total Available	98,300,000
Other International Facilities
Line of Credit Facility [Line Items]
Total Commitments	63,500,000
Total Outstanding	24,400,000
Total Available	$ 39,100,000

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 25, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt	$ 2,916.1		$ 2,833.1
Term Loan
Debt Instrument [Line Items]
Long-term debt	1,414.4		1,432.6
Senior Notes | Senior Notes due 2021
Debt Instrument [Line Items]
Long-term debt	$ 425		425
Stated interest rate	4.75%
Senior Notes | Senior Notes due 2022
Debt Instrument [Line Items]
Long-term debt	$ 250		250
Stated interest rate	4.875%
Senior Notes | Senior Notes due 2024
Debt Instrument [Line Items]
Long-term debt	$ 300		300
Stated interest rate	4.125%
Senior Notes | Senior Notes Due 2027
Debt Instrument [Line Items]
Long-term debt	$ 300	$ 300	$ 0
Stated interest rate	4.75%	4.75%

Leases (Details)

Leases (Details)	6 Months Ended
	Jun. 30, 2019
Minimum
Lessee, Lease, Description [Line Items]
Range of lease contract term	1 year
Range of majority of lease contract terms	3 years
Maximum
Lessee, Lease, Description [Line Items]
Range of lease contract term	25 years
Range of majority of lease contract terms	7 years

Leases - Components of lease co

Leases - Components of lease cost (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Finance lease costs:
Amortization of right-of-use asset	$ 1.8	$ 3.6
Interest on lease liabilities	1.9	3.8
Operating lease costs	16	32
Short-term lease costs	2.9	6.5
Variable lease costs	1.1	2.1
Total lease costs, net	$ 23.7	$ 48

Leases - Supplemental cash flow

Leases - Supplemental cash flow information related to leases (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 31.3
Operating cash flows from finance leases	3.8
Financing cash flows from finance leases	1.9
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	41.6
Finance leases	$ 15.5

Leases - Supplemental balance s

Leases - Supplemental balance sheet information related to leases (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Operating Leases:
Operating lease right-of-use asset	$ 200.7
Current operating lease liabilities	53.7
Noncurrent operating lease liabilities	150.6
Total operating lease liabilities	204.3
Finance Leases:
Property, Plant and Equipment	142.1
Accumulated depreciation	(8.3)
Property, Plant and Equipment, net	133.8
Current finance lease liabilities	4.3
Noncurrent finance lease liabilities	132.1
Total finance lease liabilities	$ 136.4	$ 122.9
Weighted Average Remaining Lease Term (Years)
Operating leases	5 years
Finance leases	18 years
Weighted Average Discount Rate
Operating leases	3.68%
Finance leases	5.62%

Leases - Maturities of lease li

Leases - Maturities of lease liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2019 (excluding the six months ended June 30, 2019)	$ 31.9
2020	54.1
2021	41.8
2022	32.6
2023	24.4
Thereafter	39.5
Total lease payments	224.3
Less imputed interest	(20)
Total operating lease liabilities	204.3
Finance Lease, Liability, Payment, Due [Abstract]
2019 (excluding the six months ended June 30, 2019)	6.2
2020	12.5
2021	12.6
2022	12.2
2023	12.4
Thereafter	170.6
Total lease payments	226.5
Less imputed interest	(90.1)
Total finance lease liabilities	$ 136.4	$ 122.9

Stock Incentive Plans - Additio

Stock Incentive Plans - Additional Information (Details) shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)compensation_planshares	Jun. 30, 2018USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of active equity compensation plans | compensation_plan	1
Recognized share-based compensation expense | $	$ 10.8	$ 8
Share-based compensation issued (in shares) | shares	0.5	0.6
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years

Stock Incentive Plans - Data Co

Stock Incentive Plans - Data Concerning RSUs Granted (Details)	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Employees | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU grants during period (in shares) | shares	2,108,045
Weighted Average Grant Date Fair Value Per Share (in dollars per share) | $ / shares	$ 12.29
Director | Stock Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU grants during period (in shares) | shares	74,760
Weighted Average Grant Date Fair Value Per Share (in dollars per share) | $ / shares	$ 12.84

Pensions and Other Postretire_3

Pensions and Other Postretirement Benefits - Pension and Postretirement Expenses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Pension Benefits
Components of Net Periodic Cost:
Service Cost	$ 3.7	$ 4.6	$ 7	$ 9.2
Interest Cost	11.5	10.5	23	21
Administrative Expenses	0.1	0.1	0.2	0.2
Expected Return on Plan Assets	(13.7)	(15.9)	(27.5)	(31.9)
Amortization:
Prior Service Cost (Credit)	0	0.1	0	0.2
Actuarial Loss (Gain)	2.6	1.4	5.1	2.8
Net Periodic Cost (Benefit)	4.2	0.8	7.8	1.5
Postretirement Health Care Benefits
Components of Net Periodic Cost:
Service Cost	0.2	0.1	0.3	0.3
Interest Cost	0.3	0.3	0.6	0.6
Administrative Expenses	0	0	0	0
Expected Return on Plan Assets	0	0	0	0
Amortization:
Prior Service Cost (Credit)	(0.1)	0	(0.1)	(0.1)
Actuarial Loss (Gain)	(0.7)	(0.4)	(1.2)	(0.9)
Net Periodic Cost (Benefit)	$ (0.3)	$ 0	$ (0.4)	$ (0.1)

Pensions and Other Postretire_4

Pensions and Other Postretirement Benefits - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Pension Benefits
Employer Contributions
Company's contributions to its pension plans	$ 1.1	$ 2	$ 5.8
Pension Benefits | Maximum
Employer Contributions
Expected contributions	10
Postretirement Health Care Benefits
Employer Contributions
Benefit payments	1.2	$ 1.3	$ 1.9
Expected benefit payments	$ 2

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurement - Interest Rate Risk (Details) $ in Millions	Jun. 30, 2019USD ($)
Interest Swap Position One
Derivative [Line Items]
Notional amount of derivative	$ 150
Weighted Average Interest Rate	2.25%
Interest Swap Position Two
Derivative [Line Items]
Notional amount of derivative	$ 150
Weighted Average Interest Rate	2.36%
Interest Swap Position Three
Derivative [Line Items]
Notional amount of derivative	$ 120
Weighted Average Interest Rate	2.92%
Interest Swap Position Four
Derivative [Line Items]
Notional amount of derivative	$ 80
Weighted Average Interest Rate	2.79%

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurement - Additional Information (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2020	Dec. 31, 2018
Derivative [Line Items]
Fair value of long-term debt	$ 2,951,800,000			$ 2,762,500,000
Carrying value of long-term debt	2,916,100,000			2,833,100,000
Anticipated reclassification of loss to earnings in the next twelve months	5,200,000
Derivative Contracts Designated as Hedging Instruments | Instruments in a Cash Flow Hedging Relationship | Interest Rate Swap Agreements
Derivative [Line Items]
Amounts excluded from the measure of effectiveness		$ 0
Interest risk derivatives, amount of ineffectiveness		0
Amounts excluded from effectiveness, foreign currency forward contracts	0
Amounts excluded from the measure of effectiveness	0
Derivative Contracts Designated as Hedging Instruments | Instruments in a Cash Flow Hedging Relationship | Commodity Contracts
Derivative [Line Items]
Amounts excluded from the measure of effectiveness		0
Amounts excluded from effectiveness, foreign currency forward contracts	0
Amounts excluded from the measure of effectiveness	$ 0
Percentage of expected natural gas usage hedged, current year	48.00%
Derivative Contracts Designated as Hedging Instruments | Instruments in a Cash Flow Hedging Relationship | Foreign currency contracts
Derivative [Line Items]
Amounts excluded from the measure of effectiveness		0
Amounts excluded from effectiveness, foreign currency forward contracts	$ 0
Amounts excluded from the measure of effectiveness	0
Notional amount of derivative	23,400,000			$ 51,600,000
Amounts forecasted and reclassified into earnings no longer probable	$ 0	0
Gain (Loss) on Foreign Currency Cash Flow Hedge Ineffectiveness		$ 0
Derivative Contracts Not Designated as Hedging Instruments | Maximum
Derivative [Line Items]
Foreign currency forward exchange contract term	3 months			18 months
Derivative Contracts Not Designated as Hedging Instruments | Foreign currency contracts
Derivative [Line Items]
Notional amount of derivative	$ 90,800,000			$ 62,200,000
Forecast | Derivative Contracts Designated as Hedging Instruments | Instruments in a Cash Flow Hedging Relationship | Commodity Contracts
Derivative [Line Items]
Percentage of expected natural gas usage hedged, current year			47.00%

Financial Instruments and Fai_5

Financial Instruments and Fair Value Measurement - Fair value of derivatives (Details) - Derivative Contracts Designated as Hedging Instruments - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Derivatives, Fair Value [Line Items]
Derivative Assets	$ 0.5		$ 0.8
Derivative Liabilities	10.8		3.4
Interest rate contracts
Derivatives, Fair Value [Line Items]
Derivative Assets	0.2		0.8
Derivative Liabilities	7.8		2.7
Foreign currency contracts
Derivatives, Fair Value [Line Items]
Derivative Assets	0.3		0
Derivative Liabilities	0.2		0.5
Commodity contracts
Derivatives, Fair Value [Line Items]
Derivative Assets	0		0
Derivative Liabilities	2.8		$ 0.2
Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Assets	0.5	$ 0.7
Other Assets
Derivatives, Fair Value [Line Items]
Derivative Assets		0.1
Other Current Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	6	1.3
Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities	$ 4.8	$ 2.1

Financial Instruments and Fai_6

Financial Instruments and Fair Value Measurement - Effect of Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Other Expense, Net | Foreign Currency Contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign Currency Contracts	$ 1.5	$ 4.9	$ 1.4	$ 3.9
Derivative Contracts Designated as Hedging Instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Loss (Gain) Recognized in Accumulated Other Comprehensive Loss	7.6	(2.7)	7.6	(1.9)
Amount of Loss (Gain) Recognized in Statement of Operations	0	0.3	(0.5)	0.2
Derivative Contracts Designated as Hedging Instruments | Commodity Contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Loss (Gain) Recognized in Accumulated Other Comprehensive Loss	3.6	(0.3)	2.7	(0.9)
Derivative Contracts Designated as Hedging Instruments | Foreign Currency Contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Loss (Gain) Recognized in Accumulated Other Comprehensive Loss	0.2	(2.4)	(0.9)	(0.3)
Derivative Contracts Designated as Hedging Instruments | Interest Rate Swap Agreements
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Loss (Gain) Recognized in Accumulated Other Comprehensive Loss	3.8	0	5.8	(0.7)
Derivative Contracts Designated as Hedging Instruments | Cost of Sales | Commodity Contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Loss (Gain) Recognized in Statement of Operations	(0.1)	(0.2)	0.1	(0.4)
Derivative Contracts Designated as Hedging Instruments | Other Expense, Net | Foreign Currency Contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Loss (Gain) Recognized in Statement of Operations	0	0.6	(0.7)	1
Derivative Contracts Designated as Hedging Instruments | Interest Expense, Net | Interest Rate Swap Agreements
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Loss (Gain) Recognized in Statement of Operations	$ 0.1	$ (0.1)	$ 0.1	$ (0.4)

Financial Instruments and Fai_7

Financial Instruments and Fair Value Measurement - Pretax Derivative Accumulated Other Comprehensive Loss (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Cumulative Changes in Derivative Net Gain (Loss) [Roll Forward]
Beginning balance	$ 2,018.5
Ending balance	2,056.9
Graphic Packaging Holding Company, Derivative Instruments
Cumulative Changes in Derivative Net Gain (Loss) [Roll Forward]
Beginning balance	(1.9)
Reclassification to Earnings	(0.5)
Current Period Change in Fair Value	(7.6)
Ending balance	$ (10)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ 23	$ 18.5	$ 44	$ 23.6
Income before income taxes and equity income of unconsolidated entity	$ 108.9	$ 84.1	$ 207.8	131.6
Discrete tax benefit, reduction of long-term deferred tax liability				$ 4
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward					$ 168

Related Party Transactions (Det

Related Party Transactions (Details) - NACP Combination - International Paper Company - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Transition Services
Related Party Transaction [Line Items]
Payments to suppliers	$ 0.1	$ 14.6
Fiber Procurement And Corrugated Products
Related Party Transaction [Line Items]
Payments to suppliers	5.6	8.5
Wood
Related Party Transaction [Line Items]
Payments to suppliers	124	100
Ink Supply
Related Party Transaction [Line Items]
Payments to suppliers	12.7	14.7
Unrelated To Agreements
Related Party Transaction [Line Items]
Payments to suppliers	$ 2	$ 5

Segment Information - Additiona

Segment Information - Additional Information (Details)	Jan. 01, 2018facilitysegment	Jun. 30, 2019segmentpaperboard_mill
Segment Reporting [Abstract]
Number of converting facilities | facility	3
Number of reportable segments | segment	1	3
Number of North American paperboard mills | paperboard_mill		8

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Net sales	$ 1,548,100,000	$ 1,507,800,000	$ 3,049,700,000	$ 2,976,000,000
Net Sales	1,552,800,000	1,510,900,000	3,058,700,000	2,988,300,000
Income (Loss) from Operations	144,400,000	110,300,000	278,400,000	184,300,000
Depreciation and Amortization	110,200,000	111,300,000	227,300,000	221,100,000
Australia
Segment Reporting Information [Line Items]
Net sales			0	0
Pacific Rim
Segment Reporting Information [Line Items]
Net sales			0	0
Corporate/Other/Eliminations
Segment Reporting Information [Line Items]
Net Sales	33,700,000	35,000,000	67,500,000	68,600,000
Income (Loss) from Operations	(8,900,000)	(8,400,000)	(15,700,000)	(54,400,000)
Depreciation and Amortization	5,100,000	4,500,000	10,500,000	9,300,000
Paperboard Mills | Operating Segments
Segment Reporting Information [Line Items]
Net sales	279,200,000	267,200,000	554,700,000	545,600,000
Income (Loss) from Operations	12,500,000	(8,400,000)	8,500,000	(15,100,000)
Depreciation and Amortization	52,400,000	57,200,000	108,600,000	108,700,000
Americas Paperboard Packaging | Operating Segments
Segment Reporting Information [Line Items]
Net sales	1,062,700,000	1,023,900,000	2,085,500,000	2,014,700,000
Income (Loss) from Operations	125,300,000	114,300,000	250,900,000	226,300,000
Depreciation and Amortization	40,900,000	37,300,000	84,600,000	78,300,000
Europe Paperboard Packaging | Operating Segments
Segment Reporting Information [Line Items]
Net sales	177,200,000	184,800,000	351,000,000	359,400,000
Income (Loss) from Operations	15,500,000	12,800,000	34,700,000	27,500,000
Depreciation and Amortization	$ 11,800,000	$ 12,300,000	$ 23,600,000	$ 24,800,000

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Net Income Attributable to Graphic Packaging Holding Company	$ 63.8	$ 49.4	$ 121.7	$ 79.3
Weighted Average Shares:
Basic (shares)	295.2	310.7	296.3	310.6
Dilutive effect of RSUs (shares)	0.5	0.6	0.7	0.7
Diluted (shares)	295.7	311.3	297	311.3
Income Per Share - Basic (in dollars per share)	$ 0.22	$ 0.16	$ 0.41	$ 0.26
Income Per Share - Diluted (in dollars per share)	$ 0.22	$ 0.16	$ 0.41	$ 0.25

Redeemable Noncontrolling Int_3

Redeemable Noncontrolling Interest (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Abstract]
Beginning Balance		$ 275.8		$ 275.8
Net Income Attributable to Redeemable Noncontrolling Interest				9.7
Other Comprehensive Loss, Net of Tax	$ (0.5)		$ (1.3)	(0.2)	$ (0.3)
Reclassification to Redeemable Noncontrolling Interest for Share Repurchases	(19.1)	$ 6.7		(12.5)
Distributions of Membership Interest				(3.2)
Ending Balance	$ 269.6			$ 269.6

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive (Loss) - Schedule of Changes in AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 2,005.3	$ 2,157.8	$ 2,018.5	$ 1,291.9
Other Comprehensive Income before Reclassifications			(4.8)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)			2.7
Total Other Comprehensive Loss, Net of Tax	(8.1)	(27.5)	(2.1)	(7.5)
Ending balance	2,056.9	2,168.4	2,056.9	2,168.4
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(373.2)	(322.9)	(377.9)	(338.8)
Ending balance	(379.3)	$ (344.9)	(379.3)	$ (344.9)
Derivatives Instruments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(11.3)
Ending balance	(16.1)		(16.1)
Pension and Postretirement Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(246.1)
Ending balance	(244)		(244)
Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(120.5)
Ending balance	$ (119.2)		(119.2)
Derivative Instruments Including Portion Attributable to NCI and Redeemable NCI
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Other Comprehensive Income before Reclassifications			(6.2)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)			(0.4)
Total Other Comprehensive Loss, Net of Tax			(6.6)
Pension and Postretirement Benefit Plan, Including Portion Attributable to NCI and Redeemable NCI
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Other Comprehensive Income before Reclassifications			(0.2)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)			3.1
Total Other Comprehensive Loss, Net of Tax			2.9
Currency Translation Adjustment, Including Portion Attributable to NCI and Redeemable NCI
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Other Comprehensive Income before Reclassifications			1.6
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)			0
Total Other Comprehensive Loss, Net of Tax			1.6
AOCI Attributable to Noncontrolling Interest And Redeemable Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Total Other Comprehensive Loss, Net of Tax			0.7
Derivative Instruments, Portion Attributable to NCI and Redeemable NCI
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Total Other Comprehensive Loss, Net of Tax			1.8
Pension and Postretirement Benefit Plans, Portion Attributable to NCI and Redeemable NCI
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Total Other Comprehensive Loss, Net of Tax			(0.8)
Currency Translation Adjustment, Portion Attributable to NCI and Redeemable NCI
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Total Other Comprehensive Loss, Net of Tax			$ (0.3)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive (Loss) - Reclassifications Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of Sales	$ (1,265)	$ (1,273.4)	$ (2,504.8)	$ (2,526.9)
Other Expense, Net	(1.7)	(2.5)	(2.9)	(3.4)
Total before Tax	(108.9)	(84.1)	(207.8)	(131.6)
Tax Expense	23	18.5	44	23.6
Total Reclassifications for the Period	$ 85.9	$ 65.6	163.8	$ 108
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total Reclassifications for the Period			2.7
Reclassification out of Accumulated Other Comprehensive Income | Derivative Instruments Including Portion Attributable to NCI and Redeemable NCI
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before Tax			(0.5)
Tax Expense			0.1
Total Reclassifications for the Period			(0.4)
Reclassification out of Accumulated Other Comprehensive Income | Derivative Instruments Including Portion Attributable to NCI and Redeemable NCI | Commodity Contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of Sales			0.1
Reclassification out of Accumulated Other Comprehensive Income | Derivative Instruments Including Portion Attributable to NCI and Redeemable NCI | Foreign Currency Contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other Expense, Net			(0.7)
Reclassification out of Accumulated Other Comprehensive Income | Derivative Instruments Including Portion Attributable to NCI and Redeemable NCI | Interest Rate Swap Agreements
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest Income, Net			0.1
Reclassification out of Accumulated Other Comprehensive Income | Pension and Postretirement Benefit Plan, Including Portion Attributable to NCI and Redeemable NCI | Pension Benefit Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Prior Service Costs (Credits)			0
Actuarial (Losses) Gains			5.1
Total before Tax			5.1
Tax Expense			(1)
Total Reclassifications for the Period			4.1
Reclassification out of Accumulated Other Comprehensive Income | Pension and Postretirement Benefit Plan, Including Portion Attributable to NCI and Redeemable NCI | Postretirement Benefits Plan
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Prior Service Costs (Credits)			(0.1)
Actuarial (Losses) Gains			(1.2)
Total before Tax			(1.3)
Tax Expense			0.3
Total Reclassifications for the Period			$ (1)

Subsequent Event (Details)

Subsequent Event (Details) - Forecast - Artistic Carton Company - Subsequent Event T in Thousands	3 Months Ended
	Sep. 30, 2019facilitymillT
Subsequent Event [Line Items]
Number of CRB mills | mill	1
Approximate annual capacity | T	70
Number of facilities acquired | facility	2