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Consolidated Statements of Income and Comprehensive Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]      
Net sales $ 5,852.6us-gaap_SalesRevenueNet $ 3,665.3us-gaap_SalesRevenueNet $ 2,843.9us-gaap_SalesRevenueNet
Cost of sales (4,623.1)us-gaap_CostOfGoodsSold (2,797.8)us-gaap_CostOfGoodsSold (2,209.2)us-gaap_CostOfGoodsSold
Gross profit 1,229.5us-gaap_GrossProfit 867.5us-gaap_GrossProfit 634.7us-gaap_GrossProfit
Selling, general, and administrative expenses (469.5)us-gaap_SellingGeneralAndAdministrativeExpense (326.6)us-gaap_SellingGeneralAndAdministrativeExpense (280.8)us-gaap_SellingGeneralAndAdministrativeExpense
Alternative energy tax credits 0pkg_AlternativeFuelMixtureTaxCredits 0pkg_AlternativeFuelMixtureTaxCredits 95.5pkg_AlternativeFuelMixtureTaxCredits
Other expense, net (57.3)us-gaap_OtherOperatingIncomeExpenseNet (59.0)us-gaap_OtherOperatingIncomeExpenseNet (11.8)us-gaap_OtherOperatingIncomeExpenseNet
Income from operations 702.7us-gaap_OperatingIncomeLoss 481.9us-gaap_OperatingIncomeLoss [1] 437.6us-gaap_OperatingIncomeLoss
Interest expense, net (88.4)us-gaap_InterestIncomeExpenseNonoperatingNet [2] (58.3)us-gaap_InterestIncomeExpenseNonoperatingNet [1],[3] (62.9)us-gaap_InterestIncomeExpenseNonoperatingNet [4]
Income before taxes 614.3us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 423.6us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest [1] 374.7us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
(Provision) benefit for income taxes (221.7)us-gaap_IncomeTaxExpenseBenefit 17.7us-gaap_IncomeTaxExpenseBenefit (214.5)us-gaap_IncomeTaxExpenseBenefit
Net income 392.6us-gaap_NetIncomeLoss 441.3us-gaap_NetIncomeLoss 160.2us-gaap_NetIncomeLoss
Net income per common share      
Basic $ 3.99us-gaap_EarningsPerShareBasic $ 4.57us-gaap_EarningsPerShareBasic $ 1.66us-gaap_EarningsPerShareBasic
Diluted $ 3.99us-gaap_EarningsPerShareDiluted $ 4.52us-gaap_EarningsPerShareDiluted $ 1.64us-gaap_EarningsPerShareDiluted
Dividends declared per common share $ 1.60us-gaap_CommonStockDividendsPerShareDeclared $ 1.51us-gaap_CommonStockDividendsPerShareDeclared $ 1.00us-gaap_CommonStockDividendsPerShareDeclared
Statement of Comprehensive Income:      
Net income 392.6us-gaap_NetIncomeLoss 441.3us-gaap_NetIncomeLoss 160.2us-gaap_NetIncomeLoss
Foreign currency translation adjustment (2.6)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent (0.1)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent 0us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
Fair value adjustments to cash flow hedges, net of tax of $6.5 million for 2012 0us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax 0us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax (10.2)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
Reclassification adjustments to cash flow hedges included in net income, net of tax of $2.2 million, $2.2 million, and $1.2 million for 2014, 2013, and 2012, respectively 3.5us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax 3.5us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax 1.8us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $2.8 million, $8.5 million, and $4.3 million for 2014, 2013, and 2012, respectively 4.2us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax 13.4us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax 6.7us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
Changes in unfunded employee benefit obligations, net of tax of $59.2 million, $20.4 million, and $9.3 million for 2014, 2013, and 2012, respectively (94.0)pkg_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodNetOfTax 32.2pkg_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodNetOfTax (14.5)pkg_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossAndNetPriorServiceCostsArisingDuringPeriodNetOfTax
Other comprehensive income (loss) (88.9)us-gaap_OtherComprehensiveIncomeLossNetOfTax 49.0us-gaap_OtherComprehensiveIncomeLossNetOfTax (16.2)us-gaap_OtherComprehensiveIncomeLossNetOfTax
Comprehensive income $ 303.7us-gaap_ComprehensiveIncomeNetOfTax $ 490.3us-gaap_ComprehensiveIncomeNetOfTax $ 144.0us-gaap_ComprehensiveIncomeNetOfTax
[1] On October 25, 2013, we acquired Boise Inc. (Boise). Our financial results include Boise subsequent to acquisition.
[2] Includes $1.5 million of expense related to the write-off of deferred financing costs in connection with the debt refinancing discussed in Note 10, Debt.
[3] Includes $10.5 million of expenses for financing the acquisition and $1.1 million of expense for the write-off of deferred financing costs.
[4] Includes $24.8 million of debt refinancing charges, including a $21.3 million redemption premium, a $3.4 million charge to settle the treasury lock prior to its maturity, and $0.1 million of other items.