XML 25 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Changes in Equity - USD ($)
$ in Millions
Total
Total Shareholders' Equity
Common Stock
Capital in Excess of Par Value
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interest (“NCI”)
Beginning balance (in shares) at Dec. 31, 2021 [1]     259,000,000          
Beginning balance at Dec. 31, 2021 [1] $ 4,929 $ 4,914 $ 0 $ 3,485 $ (69) $ 2,444 $ (946) $ 15
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 1,035 1,034       1,034   1
Other comprehensive loss, net of tax (263) (263)         (263)  
Share-based compensation 66 66   66        
Issuance of common stock (in shares)     1,000,000          
Shares distributed by Smurfit Kappa Employee Trust 0 0   (23) 23      
Purchases of treasury stock (32) (32)     (32)      
Share buyback (42) (42)     (42)      
Cancellation of common stock (in shares)     (1,000,000)          
Cancellation of common stock 0 0     42 (42)    
Dividends (350) (349)       (349)   (1)
Ending balance (in shares) at Dec. 31, 2022     259,000,000          
Ending balance at Dec. 31, 2022 5,343 5,328 $ 0 3,528 (78) 3,087 (1,209) 15
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 826 825       825   1
Other comprehensive loss, net of tax 362 362         362  
Share-based compensation 64 64   64        
Issuance of common stock (in shares)     1,000,000          
Shares distributed by Smurfit Kappa Employee Trust 0 0   (17) 17      
Purchases of treasury stock (30) (30)     (30)      
Dividends $ (391) (391)       (391)    
Ending balance (in shares) at Dec. 31, 2023 260,354,342   260,000,000          
Ending balance at Dec. 31, 2023 $ 6,174 6,158 $ 0 3,575 (91) 3,521 (847) 16
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 319 319       319    
Other comprehensive loss, net of tax (808) (808)         (808)  
Share-based compensation 200 200   200        
Shares distributed by Smurfit Kappa Employee Trust 0 0   (25) 25      
Purchases of treasury stock (27) (27)     (27)      
Shares of Smurfit Westrock common stock issued to WestRock shareholders and NCI assumed as a result of the Merger (in shares)     258,000,000          
Shares of Smurfit Westrock common stock issued to WestRock shareholders and NCI assumed as a result of the Merger 12,110 12,099 $ 1 12,098       11
Converted WestRock RSUs and Options attributable to pre-Combination services 91 91   91        
Issuance of common stock net of tax paid in connection with shares withheld from employees (in shares)     2,000,000          
Issuance of common stock net of tax paid in connection with shares withheld from employees (22) (22)   4   (26)    
Reclassification from retained earnings to accumulated other comprehensive loss 0 0       (209) 209  
Dividends [2] $ (650) (650)   5   (655)    
Ending balance (in shares) at Dec. 31, 2024 520,444,261   520,000,000          
Ending balance at Dec. 31, 2024 $ 17,387 $ 17,360 $ 1 $ 15,948 $ (93) $ 2,950 $ (1,446) $ 27
[1] Pursuant to the Transaction Agreement, on July 5, 2024 each issued ordinary share, par value €0.001 per share, of Smurfit Kappa (a “Smurfit Kappa Share”) was exchanged for
one ordinary share, par value $0.001 per share, of Smurfit Westrock (a “Smurfit Westrock Share”). The exchange of shares is reflected retroactively to the earliest period
presented.
[2] Includes cash dividends and dividend equivalent units declared on certain unvested share-based payment awards.