Packaging Corp of America Files 2023 10-K
Ticker: PKG · Form: 10-K · Filed: 2024-02-29T00:00:00.000Z
Sentiment: neutral
Topics: annual-report, financials, packaging
Related Tickers: PKGB
TL;DR
PKG filed its 2023 10-K, check it for full financial details.
AI Summary
Packaging Corporation of America (PKG) filed its 2023 10-K on February 29, 2024, detailing its financial performance for the fiscal year ending December 31, 2023. The company, operating in the paperboard containers and boxes industry, reported key financial figures and operational segments. The filing provides a comprehensive overview of its business, financial condition, and results of operations for the period.
Why It Matters
This filing provides investors and analysts with a detailed look at Packaging Corporation of America's financial health and operational performance for the past fiscal year, crucial for understanding its market position and future prospects.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks beyond normal business operations.
Key Numbers
- 2023 — Fiscal Year (The year for which the 10-K report provides financial data.)
- 1231 — Fiscal Year End (Indicates the end date of the reporting period.)
- 001-15399 — SEC File Number (The company's SEC file number.)
Key Players & Entities
- PACKAGING CORP OF AMERICA (company) — Filer of the 10-K
- 0000075677 (company) — Central Index Key for Packaging Corp of America
- 20231231 (date) — Fiscal year end date
- 20240229 (date) — Filing date of the 10-K
- 2650 (dollar_amount) — Standard Industrial Classification code for Paperboard Containers & Boxes
FAQ
What was Packaging Corporation of America's primary business activity as indicated by its SIC code?
Packaging Corporation of America's Standard Industrial Classification (SIC) code is 2650, which corresponds to Paperboard Containers & Boxes.
On what date was this 10-K filing submitted to the SEC?
This 10-K filing was submitted to the SEC on February 29, 2024.
What is the Central Index Key (CIK) for Packaging Corporation of America?
The Central Index Key (CIK) for Packaging Corporation of America is 0000075677.
For which fiscal year does this 10-K report provide information?
This 10-K report provides information for the fiscal year ending December 31, 2023.
What is the company's principal business address?
The principal business address for Packaging Corporation of America is 1955 W Field Ct, Lake Forest, IL 60045.
From the Filing
0000950170-24-022794.txt : 20240229 0000950170-24-022794.hdr.sgml : 20240229 20240229121445 ACCESSION NUMBER: 0000950170-24-022794 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 133 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240229 DATE AS OF CHANGE: 20240229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACKAGING CORP OF AMERICA CENTRAL INDEX KEY: 0000075677 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD CONTAINERS & BOXES [2650] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 364277050 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15399 FILM NUMBER: 24701097 BUSINESS ADDRESS: STREET 1: 1955 W FIELD CT CITY: LAKE FOREST STATE: IL ZIP: 60045 BUSINESS PHONE: 8474823000 MAIL ADDRESS: STREET 1: 1955 W FIELD CT CITY: LAKE FOREST STATE: IL ZIP: 60045 10-K 1 pkg-20231231.htm 10-K 10-K 2023 0000075677 false PACKAGING CORP OF AMERICA --12-31 FY 10 P40Y P5Y 2018 2019 2020 2021 2022 2008 2009 2010 2011 2012 2013 September 15, 2024 September 15, 2024 December 15, 2027 December 15, 2027 December 15, 2029 December 15, 2029 December 1, 2033 December 1, 2033 December 15, 2049 December 15, 2049 October 1, 2051 October 1, 2051 P1Y http://fasb.org/us-gaap/2023#InterestIncomeExpenseNet http://fasb.org/us-gaap/2023#InterestIncomeExpenseNet http://fasb.org/us-gaap/2023#InterestIncomeExpenseNet P6Y 0000075677 us-gaap:OperatingSegmentsMember pkg:PaperMember 2023-01-01 2023-12-31 0000075677 us-gaap:FairValueInputsLevel1Member us-gaap:MoneyMarketFundsMember 2022-01-01 2022-12-31 0000075677 pkg:PaperMember pkg:TradeMember 2022-01-01 2022-12-31 0000075677 2020-12-31 0000075677 pkg:ServiceRelatedContributionsMember 2021-01-01 2021-12-31 0000075677 us-gaap:BuildingMember pkg:FinanceLeasesMember 2023-12-31 0000075677 us-gaap:BuildingMember 2022-12-31 0000075677 us-gaap:FairValueInputsLevel2Member us-gaap:PensionPlansDefinedBenefitMember us-gaap:FixedIncomeSecuritiesMember 2023-12-31 0000075677 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2022-01-01 2022-12-31 0000075677 pkg:UnsecuredRevolvingCreditFacilityMember 2023-12-31 0000075677 pkg:RealEstateLeasesMember srt:MinimumMember 2023-12-31 0000075677 us-gaap:AccruedIncomeReceivableMember us-gaap:PensionPlansDefinedBenefitMember 2023-12-31 0000075677 pkg:Years11through20Member 2023-12-31 0000075677 us-gaap:PensionPlansDefinedBenefitMember us-gaap:PrivateEquityFundsMember 2022-12-31 0000075677 pkg:PaperMember us-gaap:IntersegmentEliminationMember 2021-01-01 2021-12-31 0000075677 pkg:SecuritiesAtFairValueMember us-gaap:FairValueInputsLevel2Member us-gaap:PensionPlansDefinedBenefitMember 2023-12-31 0000075677 pkg:WoodProductsIncludingChipsAndLogsMember us-gaap:CoVenturerMember 2021-01-01 2021-12-31 0000075677 us-gaap:CreditConcentrationRiskMember pkg:OfficeDepotMember 2022-12-31 0000075677 srt:MaximumMember 2023-12-31 0000075677 us-gaap:CustomerConcentrationRiskMember pkg:PaperMember pkg:OfficeDepotMember pkg:NetSalesRevenueGoodsMember 2023-01-01 2023-12-31 0000075677 pkg:OtherSecuritiesMember 2022-12-31 0000075677 us-gaap:CustomerConcentrationRiskMember pkg:OfficeDepotMember pkg:NetSalesRevenueGoodsMember 2023-01-01 2023-12-31 0000075677 us-gaap:PensionPlansDefinedBenefitMember us-gaap:DefinedBenefitPlanEquitySecuritiesUsMember 2023-12-31 0000075677 us-gaap:FairValueInputsLevel1Member us-gaap:CorporateDebtSecuritiesMember us-gaap:PensionPlansDefinedBenefitMember 2022-12-31 0000075677 us-gaap:BankTimeDepositsMember 2023-01-01 2023-12-31 0000075677 pkg:MatchingContributionsMember 2022-01-01 2022-12-31 0000075677 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2022-12-31 0000075677 pkg:DomesticAndForeignTaxAuthorityMember 2023-12-31 0000075677 pkg:SecuritiesAtFairValueMember us-gaap:FairValueInputsLevel3Member us-gaap:PensionPlansDefinedBenefitMember 2022-12-31 0000075677 us-gaap:FairValueInputsLevel2Member us-gaap:PensionPlansDefinedBenefitMember us-gaap:PrivateEquityFundsMember 2023-12-31 0000075677 pkg:PackagingCorporation