Packaging Corp of America Files 2024 10-K

TL;DR

PKG filed its 2024 10-K, showing financial details and senior notes, including 4.05% due 2049.

AI Summary

Packaging Corporation of America (PKG) filed its 2024 10-K on February 27, 2025, reporting on its fiscal year ending December 31, 2024. The filing details the company's financial performance and operations, including its senior notes and fixed costs related to its packaging business. Key financial instruments mentioned are the 4.05% Senior Notes due December 15, 2049, and the 3.65% Senior Notes due September 15, 2024.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of Packaging Corporation of America's financial health and strategic positioning for the fiscal year 2024.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Numbers

• 2024 — Fiscal Year (Reporting period for the 10-K)
• 1231 — Fiscal Year End (December 31st is the end of the reporting period)
• 20250227 — Filing Date (Date the 10-K was submitted to the SEC)

Key Players & Entities

• PACKAGING CORP OF AMERICA (company) — Filer
• 0000075677 (company) — Central Index Key
• 20241231 (date) — Fiscal Year End
• 20250227 (date) — Filing Date
• 4.05% (dollar_amount) — Interest rate on Senior Notes due December 15, 2049
• 3.65% (dollar_amount) — Interest rate on Senior Notes due September 15, 2024

FAQ

From the Filing

0000950170-25-028533.txt : 20250227 0000950170-25-028533.hdr.sgml : 20250227 20250227114336 ACCESSION NUMBER: 0000950170-25-028533 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 132 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250227 DATE AS OF CHANGE: 20250227 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: 25675482 BUSINESS ADDRESS: STREET 1: 1 NORTH FIELD CT CITY: LAKE FOREST STATE: IL ZIP: 60045 BUSINESS PHONE: 8474823000 MAIL ADDRESS: STREET 1: 1 NORTH FIELD CT CITY: LAKE FOREST STATE: IL ZIP: 60045 10-K 1 pkg-20241231.htm 10-K 10-K 0000075677 FY false PACKAGING CORP OF AMERICA --12-31 10 P40Y P5Y 2020 2021 2022 2023 2024 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 15, 2029 December 15, 2029 December 15, 2049 December 15, 2049 October 15, 2051 October 15, 2051 September 15, 2024 P1Y http://fasb.org/us-gaap/2024#InterestIncomeExpenseNet http://fasb.org/us-gaap/2024#InterestIncomeExpenseNet http://fasb.org/us-gaap/2024#InterestIncomeExpenseNet 0000075677 pkg:DeRidderLouisianaMember 2022-07-01 2022-09-30 0000075677 us-gaap:SeniorNotesMember pkg:FourPointZeroFivePercentageSeniorNotesDueDecemberTwoThousandAndFortyNineMember 2024-01-01 2024-12-31 0000075677 pkg:FixedCostsMember pkg:PackagingMember 2024-01-01 2024-12-31 0000075677 pkg:ThreePointSixFiveSeniorNotesDueSeptemberTwoThousandAndTwentyFourMember 2023-11-30 0000075677 pkg:OfficeDepotMember us-gaap:AccountsReceivableMember us-gaap:CustomerConcentrationRiskMember 2024-01-01 2024-12-31 0000075677 2024-12-31 0000075677 us-gaap:TechnologyEquipmentMember srt:MinimumMember 2024-12-31 0000075677 us-gaap:USTreasurySecuritiesMember 2023-12-31 0000075677 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FairValueInputsLevel1Member us-gaap:MunicipalBondsMember 2024-12-31 0000075677 us-gaap:RetainedEarningsMember 2021-12-31 0000075677 us-gaap:IntersegmentEliminationMember 2022-01-01 2022-12-31 0000075677 us-gaap:SeniorNotesMember pkg:ThreePointSixFiveSeniorNotesDueSeptemberTwoThousandAndTwentyFourMember 2023-12-31 0000075677 pkg:PackagingMember 2024-12-31 0000075677 us-gaap:PensionPlansDefinedBenefitMember pkg:SecuritiesAtFairValueMember 2023-12-31 0000075677 us-gaap:TechnologyEquipmentMember srt:MaximumMember 2024-12-31 0000075677 us-gaap:RestrictedStockMember 2024-01-01 2024-12-31 0000075677 us-gaap:PensionPlansDefinedBenefitMember pkg:SecuritiesAtFairValueMember 2024-12-31 0000075677 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0000075677 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2023-12-31 0000075677 pkg:PackagingMember pkg:TradeMember 2024-01-01 2024-12-31 0000075677 us-gaap:FairValueInputsLevel2Member us-gaap:USGovernmentAgenciesDebtSecuritiesMember 2024-12-31 0000075677 pkg:ForeignOperationsMember 2024-01-01 2024-12-31 0000075677 us-gaap:CashAndCashEquivalentsMember 2023-12-31 0000075677 pkg:CustomerMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2024-01-01 2024-12-31 0000075677 us-gaap:PensionPlansDefinedBenefitMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:PrivateEquityFundsMember 2024-12-31 0000075677 pkg:Next10YearsMemberMember 2024-12-31 0000075677 pkg:ThreePointSixFiveSeniorNotesDueSeptemberTwoThousandAndTwentyFourMember 2024-09-15 0000075677 pkg:InternationalEquitySecuritiesMember 2023-12-31 0000075677 pkg:ForeignOperationsMember 2022-01-01 2022-12-31 0000075677 us-gaap:RestrictedStockMember 2024-12-31 0000075677 pkg:IndefiniteMember 2024-12-31 0000075677 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member 2023-12-31 0000075677 us-gaap:FairValueInputsLevel1Member us