CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2023

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS

The following represents changes in Accumulated Other Comprehensive Loss attributable to Graphic Packaging Holding Company by component for the three months ended March 31, 2023:


In millions, net of tax	Derivative Instruments		Pension and Postretirement Benefit Plans		Currency Translation Adjustments		Total
Balance at December 31, 2022	$	(4)	$	(103)	$	(270)	$	(377)
Other Comprehensive (Loss) Income before Reclassifications	(13)		—		25		12
Amounts Reclassified from Accumulated Other Comprehensive (Loss) (a)	8		—		—		8
Net Current-period Other Comprehensive (Loss) Income	(5)		—		25		20
Less:
Net Current-period Other Comprehensive Income Attributable to Noncontrolling Interest	—		—		(1)		(1)


Balance at March 31, 2023	$	(9)	$	(103)	$	(246)	$	(358)

(a) See following table for details about these reclassifications.

The following represents reclassifications out of Accumulated Other Comprehensive Loss for the three months ended March 31, 2023:


In millions
Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Statement Where Net Income is Presented
Derivatives Instruments:
Commodity Contracts	$	11		Cost of Sales

	11			Total before Tax
	(3)			Tax Expense
	$	8		Total, Net of Tax

Amortization of Defined Benefit Pension Plans:

Actuarial Losses	$	1	(a)



	$	1		Total, Net of Tax

Amortization of Postretirement Benefit Plans:

Actuarial Gains	$	(1)	(a)

	$	(1)		Total, Net of Tax



Total Reclassifications for the Period	$	8		Total Net of Tax

(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see “Note 6 - Pensions and Other Postretirement Benefits").