XML 64 R46.htm IDEA: XBRL DOCUMENT v3.6.0.2
Summary of Significant Accounting Policies - Additional Information (Details)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2016
USD ($)
Sep. 30, 2016
USD ($)
[2]
Jun. 30, 2016
USD ($)
[3]
Mar. 31, 2016
USD ($)
[4]
Dec. 31, 2015
USD ($)
Sep. 30, 2015
USD ($)
[6]
Jun. 30, 2015
USD ($)
[7]
Mar. 31, 2015
USD ($)
[8]
Dec. 31, 2016
USD ($)
a
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Summary of Significant Accounting Policies [Line Items]                        
Research and development costs                 $ 13.3 $ 13.1 $ 12.3  
Cash and cash equivalents $ 239.3       $ 184.2       239.3 184.2 124.9 $ 191.0
Cash equivalents 178.4       140.9       178.4 140.9    
Allowance for doubtful accounts 3.8       3.9       $ 3.8 3.9    
Customer returns, allowances and earned discounts as a percentage of gross selling price                 1.00%      
Reserve for customer accounts receivable, percentage                 1.00%      
Reserve for customer deductions                 $ 6.3 6.4    
Net income attributable to Packaging Corporation of America 110.6 [1] $ 119.4 $ 115.9 $ 103.7 104.3 [5] $ 127.8 $ 114.0 $ 90.8 449.6 436.8 392.6  
Inventories 723.6       676.8       723.6 676.8    
Retained earnings 1,447.1       1,317.3       1,447.1 1,317.3    
Interest capitalization, construction in progress                 $ 2.5 $ 2.0 2.8  
Intangible asset, useful life, in years                 12 years 10 months 25 days 13 years 2 months 40 days    
Goodwill 737.9       544.0       $ 737.9 $ 544.0   $ 546.8
Deferred financing costs 12.4       12.3       $ 12.4 12.3    
Area leased under timberland cutting rights (acres) | a                 75,000      
Area leased where fiber farms are operated (acres) | a                 9,000      
Software amortization expense                 $ 2.5 3.0 2.9  
Minimum                        
Summary of Significant Accounting Policies [Line Items]                        
Term of senior credit facilities and notes, in years                 5 years      
Maximum                        
Summary of Significant Accounting Policies [Line Items]                        
Term of senior credit facilities and notes, in years                 10 years      
Foreign operations                        
Summary of Significant Accounting Policies [Line Items]                        
Cash and cash equivalents 3.4       3.1       $ 3.4 $ 3.1    
Customer relationships                        
Summary of Significant Accounting Policies [Line Items]                        
Intangible asset, useful life, in years                 13 years 1 month 5 days 13 years 4 months    
Customer relationships | Minimum                        
Summary of Significant Accounting Policies [Line Items]                        
Intangible asset, useful life, in years                 10 years      
Customer relationships | Maximum                        
Summary of Significant Accounting Policies [Line Items]                        
Intangible asset, useful life, in years                 40 years      
Trademarks and trade names                        
Summary of Significant Accounting Policies [Line Items]                        
Intangible asset, useful life, in years                 10 years 5 months 30 days 12 years 5 months 33 days    
Trademarks and trade names | Minimum                        
Summary of Significant Accounting Policies [Line Items]                        
Intangible asset, useful life, in years                 3 years      
Trademarks and trade names | Maximum                        
Summary of Significant Accounting Policies [Line Items]                        
Intangible asset, useful life, in years                 20 years      
Cutting Rights and Fiber Farms                        
Summary of Significant Accounting Policies [Line Items]                        
Depletion expense                 $ 4.7 $ 7.0 $ 7.3  
Other long-term assets                        
Summary of Significant Accounting Policies [Line Items]                        
Net capitalized software costs 4.5       6.9       4.5 6.9    
Other long-term assets | Cutting Rights and Fiber Farms                        
Summary of Significant Accounting Policies [Line Items]                        
Long-term lease costs capitalization (Cutting rights and Fiber farms) $ 43.9       40.2       $ 43.9 40.2    
Adjustments for New Accounting Pronouncement | Other long-term assets                        
Summary of Significant Accounting Policies [Line Items]                        
Deferred financing costs         (12.3)         (12.3)    
Adjustments for New Accounting Pronouncement | Long-term debt                        
Summary of Significant Accounting Policies [Line Items]                        
Deferred financing costs         $ (12.3)         $ (12.3)    
[1] Includes $4.5 million of closure costs related to a corrugated products facility and a paper products facility ($2.9 million after-tax or $0.03 per diluted share), $2.7 million of costs related to ceased production of softwood market pulp operations at our Wallula, Washington mill and the permanent shutdown of the No.1 machine ($1.8 million after-tax or $0.02 per diluted share), and $1.2 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($0.8 million after-tax or $0.01 per diluted share).
[2] Includes $2.0 million of closure costs related to a corrugated products facility and a paper products facility ($1.4 million after-tax or $0.02 per diluted share) and $2.9 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($1.9 million after-tax or $0.02 per diluted share).
[3] Includes $1.7 million of closure costs related to a corrugated products facility and a paper products facility ($1.0 million after-tax or $0.01 per diluted share), $0.3 million of acquisition-related costs for TimBar Corporation ($0.2 million after-tax or $0.0 per diluted share), and $0.9 million related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities ($0.6 million after-tax or $0.01 per diluted share).
[4] Includes $2.8 million of closure costs related to a corrugated products facility and a paper products facility. ($1.9 million after-tax or $0.02 per diluted share).
[5] Includes $3.5 million of income from DeRidder restructuring ($2.2 million after-tax or $0.02 per diluted share) and $3.8 million of integration-related and other costs ($2.6 million after-tax or $0.03 per diluted share).
[6] Includes $3.8 million of income from DeRidder restructuring ($2.3 million after-tax or $0.02 per diluted share) and $2.4 million of integration-related and other costs ($1.7 million after-tax or $0.02 per diluted share). Also includes $6.7 million gain from the sale of our paper mill site at St. Helens, Oregon ($4.4 million after tax or $0.05 per diluted share).
[7] Includes $1.0 million of income from DeRidder restructuring ($0.7 million after-tax or $0.01 per diluted share) and $3.7 million of integration-related and other costs ($2.3 million after-tax or $0.03 per diluted share).
[8] Includes $10.3 million of DeRidder restructuring charges ($6.6 million after-tax or $0.07 per diluted share) and $3.5 million of integration-related and other costs ($2.2 million after-tax or $0.02 per diluted share). Also includes a $3.6 million tax credit from the State of Louisiana related to our capital investment and the jobs retained at the DeRidder, Louisiana mill.