Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

Selected financial information by reportable segment was as follows (dollars in millions):

	Sales, net
Three Months Ended June 30, 2022	Trade		Intersegment			Total			Operating Income (Loss)
Packaging	$	2,061.7	$	5.2		$	2,066.9		$	419.8		(a)
Paper		149.8		—			149.8			22.7		(a)
Corporate and Other		25.8		37.4			63.2			(26.7	)
Intersegment eliminations		—		(42.6	)		(42.6	)		—
	$	2,237.3	$	—		$	2,237.3			415.8
Non-operating pension income										3.6
Interest expense, net										(18.8	)
Income before taxes									$	400.6

	Sales, net
Three Months Ended June 30, 2021	Trade		Intersegment			Total			Operating Income (Loss)
Packaging	$	1,714.5	$	4.0		$	1,718.5		$	317.2		(b)
Paper		142.3		—			142.3			2.6		(b)
Corporate and Other		23.1		32.0			55.1			(25.2	)	(b)
Intersegment eliminations		—		(36.0	)		(36.0	)		—
	$	1,879.9	$	—		$	1,879.9			294.6
Non-operating pension income										5.0
Interest expense, net										(24.9	)
Income before taxes									$	274.7

	Sales, net
Six Months Ended June 30, 2022	Trade		Intersegment			Total			Operating Income (Loss)
Packaging	$	4,021.6	$	9.7		$	4,031.3		$	782.1		(a)
Paper		303.3		—			303.3			45.1		(a)
Corporate and Other		48.8		72.7			121.5			(54.8	)
Intersegment eliminations		—		(82.4	)		(82.4	)		—
	$	4,373.7	$	—		$	4,373.7			772.4
Non-operating pension income										7.3
Interest expense, net										(38.7	)
Income before taxes									$	741.0

	Sales, net
Six Months Ended June 30, 2021	Trade		Intersegment			Total			Operating Income (Loss)
Packaging	$	3,334.3	$	7.8		$	3,342.1		$	575.1		(b)
Paper		306.7		0.1			306.8			11.3		(b)
Corporate and Other		46.0		64.5			110.5			(53.5	)	(b)
Intersegment eliminations		—		(72.4	)		(72.4	)		—
	$	3,687.0	$	—		$	3,687.0			532.9
Non-operating pension income										9.8
Interest expense, net										(48.4	)
Income before taxes									$	494.3

(a)	The three and six months ended June 30, 2022 include the following:
	1.	$3.9 million and $5.4 million, respectively, of charges related to the announced discontinuation of production of UFS paper grades on the No. 3 machine at the Jackson, Alabama mill associated with the permanent conversion of the machine to produce linerboard and other paper-to containerboard conversion related activities.
	2.	$0.9 million and $0.3 million, respectively, of income primarily consisting of insurance proceeds received for a natural disaster at one of the corrugated products facilities and a favorable lease buyout for a closed corrugated products facility, partially offset by closure costs related to corrugated products facilities and acquisition and integration costs related to the December 2021 Advance Packaging Corporation acquisition.
(b)	The three and six months ended June 30, 2021 include the following:
	1.	$4.7 million and $2.6 million, respectively, of income primarily consisting of an adjustment of the required asset retirement obligation related to the 2020 closure of the San Lorenzo, California facility, a gain on sale of transportation assets, and insurance proceeds received for a natural disaster at one of the corrugated products facilities, partially offset by closure costs related to corrugated products facilities.
	2.	$3.8 million and $4.9 million, respectively, of charges related to the announced discontinuation of production of UFS paper grades on the No. 3 machine at the Jackson, Alabama mill associated with the permanent conversion of the machine to produce linerboard and other paper-to-containerboard conversion related activities.