XML 25 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
Summary Compensation Table Total for PEO
($)(1)
Compensation Actually Paid to PEO(2)(3)
($)
Average Summary Compensation Table Total for Non-PEO NEOs(1)
($)
Average Compensation Actually Paid to Non-PEO NEOs(2)(3)
($)
Value of Initial Fixed $100 Investment Based On:Net Income
($m)
Adjusted EBIT(6)
($m)
Company TSR(4)
($)
Peer Group TSR(4)(5)
($)
20256,722,7255,385,7972,491,8562,397,20190105301532
20248,642,21610,556,9082,032,8942,397,246102123352549
20238,721,0189,414,5952,171,9862,291,67898106298512
20226,805,1613,692,4771,715,9411,096,076106105258429
20215,940,3773,389,5481,480,7061,022,817108114324492
        
Company Selected Measure Name Adjusted EBIT        
Named Executive Officers, Footnote
(1) Scott Huckins was our PEO for all of 2025 and Lance Mitchell was our PEO for all of 2024, 2023, 2022 and 2021. The non-PEO NEOs represent the following individuals for each of the years shown:
•2025: Nathan Lowe, CFO, Jill Barnett, Chief Legal Officer and Corporate Secretary, Ryan Clark, President, Hefty Tableware and Carlen Hooker, Chief Commercial Officer;
•2024: Scott Huckins, who served as CFO (a non-PEO NEO) for the entirety of the reporting year, Rachel Bishop, President, Hefty Tableware, Judith Buckner, President, Reynolds Cooking & Baking and Steve Estes, Chief Administrative Officer;
•2023: Scott Huckins, CFO, Rachel Bishop, President, Hefty Tableware, Judith Buckner, President, Reynolds Cooking & Baking, Lisa Smith, President, Hefty Waste and Storage and Michael Graham, former CFO;
•2022: Michael Graham, CFO, Rachel Bishop, President, Hefty Tableware, Judith Buckner, President, Reynolds Cooking & Baking, Lisa Smith, President, Hefty Waste and Storage and Craig Cappel, former President, Reynolds Cooking & Baking; and
•2021: Michael Graham, CFO, Craig Cappel, former President, Reynolds Cooking & Baking, Stephan Pace, President, Sales and Chief Customer Officer and Steve Estes, Chief Administrative Officer. 		       
Peer Group Issuers, Footnote The complete list of our peer group used for the TSR calculation is the same group of companies used by us for purposes of the performance graph in our Annual Report on Form 10-K and comprises: Church & Dwight Co., Inc., The Clorox Company, Colgate-Palmolive Company, Energizer Holdings, Inc., Kimberly-Clark Corporation, Newell Brands Inc., The Procter & Gamble Company, The Scotts Miracle-Gro Company, Spectrum Brands Holdings, Inc. and WD-40 Company.        
PEO Total Compensation Amount $ 6,722,725 $ 8,642,216 $ 8,721,018 $ 6,805,161 $ 5,940,377
PEO Actually Paid Compensation Amount $ 5,385,797 10,556,908 9,414,595 3,692,477 3,389,548
Adjustment To PEO Compensation, Footnote To calculate compensation actually paid (“CAP”), the following amounts were deducted from and added to the Summary Compensation Table (“SCT”) total compensation for 2025 (the equity adjustments for 2021-2024 were set forth in the proxy statements for our 2024 and 2023 annual meeting of stockholders):
PEO SCT Total to CAP Reconciliation
YearSCT Total
($)
Deductions
from SCT Total
($)(i)
Additions
to SCT Total
($)(ii)
CAP
($)
20256,722,725(4,856,684)3,519,7565,385,797
Represents the following:
YearGrant Date Fair Value of Covered Year Equity Awards
($)		Change in Fair Value at Covered Year End from Prior Year End of Prior Years' Awards that were Unvested at the End of Covered Year
($)		Change in Fair Value at Vesting Date from Prior Year End of Prior Years' Awards that Vested in Covered Year
($)
Deductions
from SCT Total
($)
2025(4,499,988)(316,536)(40,160)(4,856,684)

(ii)    Represents the following:

YearFair Value at Covered Year End of Equity Awards Granted in Covered Year
($)
Additions
to SCT Total
($)
20253,519,7563,519,756
        
Non-PEO NEO Average Total Compensation Amount $ 2,491,856 2,032,894 2,171,986 1,715,941 1,480,706
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,397,201 2,397,246 2,291,678 1,096,076 1,022,817
Adjustment to Non-PEO NEO Compensation Footnote
Average Non-PEO NEO SCT Total to CAP Reconciliation
YearSCT Total
($)
Deductions
from SCT Total
($)(iii)
Additions
to SCT Total
($)(iv)
CAP
($)
20252,491,856(1,618,964)1,524,3092,397,201
(iii)    Represents the following:
YearGrant Date Fair Value of Covered Year Equity Awards
($)		Change in Fair Value at Covered Year End from Prior Year End of Prior Years' Awards that were Unvested at the End of Covered Year
($)
Deductions
from SCT Total
($)
2025(1,604,935)(14,029)(1,618,964)
(iv)    Represents the following:
YearFair Value at Covered Year End of Equity Awards Granted in Covered Year
($)		Change in Fair Value at Vesting Date from Prior Year End of Prior Years' Awards that Vested in Covered Year
($)
Additions
to SCT Total
($)
20251,524,1231861,524,309
        
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid vs. Cumulative Company TSR and Cumulative Peer Group TSR
CAP vs. Cumulative TSR and PG TSR.jpg
        
Compensation Actually Paid vs. Net Income
Compensation Actually Paid vs. Net Income
CAP vs. NI.jpg
        
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid vs. Adjusted EBIT
        
Total Shareholder Return Vs Peer Group
Compensation Actually Paid vs. Cumulative Company TSR and Cumulative Peer Group TSR
CAP vs. Cumulative TSR and PG TSR.jpg
        
Tabular List, Table
Most Important Performance Measures
• Adjusted EBIT
• Revenue
• Adjusted Earnings per Share
• Adjusted Free Cash Flow
        
Total Shareholder Return Amount $ 90 102 98 106 108
Peer Group Total Shareholder Return Amount 105 123 106 105 114
Net Income (Loss) $ 301,000,000 $ 352,000,000 $ 298,000,000 $ 258,000,000 $ 324,000,000
Company Selected Measure Amount 532,000,000 549,000,000 512,000,000 429,000,000 492,000,000
PEO Name Scott Huckins Lance Mitchell Lance Mitchell Lance Mitchell Lance Mitchell
Additional 402(v) Disclosure
None of the NEOs are accruing benefits under a pension plan for services rendered in any of the covered years, and therefore no additions are required for pension plan service cost in determining CAP.
(3)    Assumptions used in the valuation of equity awards for purposes of calculating compensation actually paid were the same as at the grant date except for adjusting for expected and actual performance of PSUs at each measurement date.
        
Measure:: 1          
Pay vs Performance Disclosure          
Non-GAAP Measure Description Our company-selected measure, which is the measure we believe represents the most important financial performance measure not otherwise presented in the table above that we use to link Compensation Actually Paid to our NEOs for fiscal 2025 to our company’s performance is Adjusted EBIT. Adjusted EBIT is a non-GAAP financial measure. Refer to Appendix A to this Proxy Statement for a reconciliation of this non-GAAP financial measure to the corresponding GAAP measure.        
Measure:: 6          
Pay vs Performance Disclosure          
Non-GAAP Measure Description Total shareholder return as calculated based on a fixed investment of $100 measured from the market close on December 31, 2020 through and including the end of the fiscal year for each year reported in the table.        
PEO          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount, Deductions $ (4,856,684)        
Adjustment to Compensation Amount, Additions 3,519,756        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,499,988)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,519,756        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (316,536)        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (40,160)        
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount, Deductions (1,618,964)        
Adjustment to Compensation Amount, Additions $ 1,524,309        
Non-PEO NEO | Measure:: 1          
Pay vs Performance Disclosure          
Name • Adjusted EBIT        
Non-PEO NEO | Measure:: 2          
Pay vs Performance Disclosure          
Name • Revenue        
Non-PEO NEO | Measure:: 3          
Pay vs Performance Disclosure          
Name • Adjusted Earnings per Share        
Non-PEO NEO | Measure:: 5          
Pay vs Performance Disclosure          
Name • Adjusted Free Cash Flow        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,604,935)        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (14,029)        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 186        
Non-PEO NEO | Equity Awards in Current Year, Fair Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 1,524,123