Segment Information (Details) (USD $) | 3 Months Ended | 6 Months Ended | 10 Months Ended |
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Oct. 23, 2013 |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Number of reportable segments | ' | | ' | | 3 | | ' | | 1 |
Trade sales | $1,468,400,000 | [1] | $800,200,000 | | $2,899,700,000 | [1] | $1,555,400,000 | | ' |
Net sales | 1,468,388,000 | | 800,230,000 | | 2,899,713,000 | | 1,555,437,000 | | ' |
Operating income (loss) | 180,248,000 | [1] | 110,197,000 | | 341,156,000 | [1] | 216,197,000 | | ' |
Interest expense, net | -21,409,000 | [1] | -9,232,000 | | -42,200,000 | [1] | -18,483,000 | | ' |
Income before taxes | 158,839,000 | [1] | 100,965,000 | | 298,956,000 | [1] | 197,714,000 | | ' |
DeRidder restructuring | 319,000 | [2] | 0 | | 1,420,000 | [2] | 0 | | ' |
Integration-related and other costs | 4,863,000 | [3] | 0 | | 8,959,000 | [3] | 0 | | ' |
Class action lawsuit settlement | 0 | | 0 | | 17,600,000 | [4] | 0 | | ' |
Curtailment loss | 0 | | 7,776,000 | [5] | 0 | | 7,776,000 | [5] | ' |
Packaging | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Trade sales | 1,144,000,000 | [1] | 800,200,000 | | 2,239,600,000 | [1] | 1,555,400,000 | | ' |
Operating income (loss) | 166,400,000 | [1],[6] | 122,300,000 | [7] | 337,100,000 | [1],[6] | 240,200,000 | [7] | ' |
Paper | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Trade sales | 295,200,000 | [1] | ' | | 604,500,000 | [1] | ' | | ' |
Operating income (loss) | 33,600,000 | [1],[8] | ' | | 61,300,000 | [1],[8] | ' | | ' |
Corporate and Other | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Trade sales | 29,200,000 | [1] | 0 | | 55,600,000 | [1] | 0 | | ' |
Operating income (loss) | -19,800,000 | [1],[9] | -12,100,000 | | -57,200,000 | [1],[9] | -24,000,000 | | ' |
Class action lawsuit settlement | ' | | ' | | 17,600,000 | [4] | ' | | ' |
Intersegment Eliminations | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Intersegment sales | 0 | [1] | 0 | | 0 | [1] | 0 | | ' |
Intersegment Eliminations | Packaging | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Intersegment sales | 1,200,000 | [1] | 0 | | 3,000,000 | [1] | 0 | | ' |
Intersegment Eliminations | Paper | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Intersegment sales | 0 | [1] | ' | | 0 | [1] | ' | | ' |
Intersegment Eliminations | Corporate and Other | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Intersegment sales | 38,100,000 | [1] | 0 | | 75,800,000 | [1] | 0 | | ' |
Intersegment Eliminations | Intersegment Eliminations | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Intersegment sales | -39,300,000 | [1] | ' | | -78,800,000 | [1] | ' | | ' |
Operating Segments | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Net sales | 1,468,400,000 | [1] | 800,200,000 | | 2,899,700,000 | [1] | 1,555,400,000 | | ' |
Operating Segments | Packaging | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Net sales | 1,145,200,000 | [1] | 800,200,000 | | 2,242,600,000 | [1] | 1,555,400,000 | | ' |
Operating Segments | Paper | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Net sales | 295,200,000 | [1] | ' | | 604,500,000 | [1] | ' | | ' |
Operating Segments | Corporate and Other | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Net sales | 67,300,000 | [1] | 0 | | 131,400,000 | [1] | 0 | | ' |
Operating Segments | Intersegment Eliminations | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Net sales | -39,300,000 | [1] | ' | | -78,800,000 | [1] | ' | | ' |
Cost of Sales | Packaging | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
DeRidder restructuring | 17,800,000 | [3] | ' | | 21,800,000 | [3] | ' | | ' |
Other Expense, Net | Paper | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Integration-related and other costs | -1,000,000 | | ' | | -400,000 | | ' | | ' |
Boise Inc. | Other Expense, Net | Packaging | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Integration-related and other costs | 4,400,000 | | ' | | 4,400,000 | | ' | | ' |
Boise Inc. | Other Expense, Net | Corporate and Other | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Integration-related and other costs | 1,500,000 | | ' | | 5,000,000 | | ' | | ' |
Pension Plans | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Curtailment loss | 0 | | 7,776,000 | [10] | 0 | | 7,776,000 | [10] | ' |
Pension Plans | Packaging | ' | | ' | | ' | | ' | | ' |
Segment Reporting Information [Line Items] | ' | | ' | | ' | | ' | | ' |
Curtailment loss | ' | | $7,800,000 | | ' | | $7,800,000 | | ' |
|
[1] | On OctoberB 25, 2013, we acquired Boise. The 2014 results include Boise for the full period. |
[2] | Costs relate primarily to our plans to convert the Number 3 newsprint machine at our DeRidder, Louisiana, mill to produce lightweight linerboard and corrugating medium and exit the newsprint business in September 2014. |
[3] | The three and six months ended JuneB 30, 2014, include Boise acquisition integration-related and other costs. |
[4] | The six months ended JuneB 30, 2014, includes $17.6 million of costs for the settlement of the Kleen Products LLC v Packaging Corp. of America et al class action lawsuit. See Note 18, Commitments, Guarantees, Indemnifications and Legal Proceedings, for more information. |
[5] | The three and six months ended JuneB 30, 2013, both include $7.8 million of non-cash pension curtailment charges related to pension plan changes in which certain hourly corrugated plant employees transitioned from a defined benefit pension plan to a defined contribution (401k) plan. |
[6] | Includes costs related primarily to our plans to convert the Number 3 newsprint machine at our DeRidder, Louisiana, mill to produce lightweight linerboard and corrugating medium and to exit the newsprint business in September 2014. The three and six months ended JuneB 30, 2014, include $17.8 million and $21.8 million, respectively, of restructuring charges, primarily accelerated depreciation, recorded in "Cost of sales". The three and six months ended JuneB 30, 2014, both include $4.4 million of Boise acquisition integration-related and other costs recorded in "Other expense, net". |
[7] | Includes $7.8 million of non-cash pension curtailment charges related to pension plan changes in which certain hourly corrugated plant employees transitioned from a defined benefit pension plan to a defined contribution (401k) plan. |
[8] | Includes $1.0 million and $0.4 million of income, net of expenses, for the three and six months ended JuneB 30, 2014, respectively, of integration related and other costs recorded in "Other expense, net". |
[9] | Includes $1.5 million and $5.0 million, for the three and six months ended JuneB 30, 2014, respectively, of Boise acquisition integration-related and other costs. The six months ended JuneB 30, 2014, includes $17.6 million of costs for the settlement of the Kleen Products LLC v Packaging Corp. of America et al class action lawsuit. See Note 18, Commitments, Guarantees, Indemnifications and Legal Proceedings, for more information. These costs are recorded in "Other expense, net". |
[10] | In June 2013, the United Steelworkers (bUSWb) ratified a master labor agreement with PCA under which we froze certain USW-represented corrugated plant employees pension accruals under PCAbs hourly pension plan. As of the date of the pension freeze, affected USW-represented employees will transition to a defined contribution 401k plan. In accordance with ASC 715, bCompensation b Retirement Benefits,b we recorded a $7.8 million pre-tax pension curtailment charge related to the unrecognized prior service costs of employees impacted by the pension freeze during the second quarter of 2013. We also remeasured the hourly pension plan benefit obligation using current fair values of plan assets and current assumptions, resulting in a decrease in the benefit obligation of $13.8 million with a corresponding decrease in accumulated other comprehensive income (loss) of $8.4 million and deferred taxes of $5.4 million. |