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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Consumer Packaging | 3,775.0 | 2,373.6 | 2,234.3 | 2,213.9 | 2,363.3 | 2,129.0 | 2,048.6 | 2,126.9 |
| Paper and Industrial Converted Products | | | | | 2,042.7 | 2,007.3 | 1,793.5 | 1,835.9 |
| Display and Packaging | | | | | 595.9 | 511.1 | 523.0 | 608.1 |
| Protective Solutions | | | | | 529.3 | 540.7 | 527.5 | 508.2 |
| Other | 3,475.6 | 3,216.9 | 3,003.2 | 3,160.3 | | | | |
| Total revenues [+] | 7,250.6 | 5,590.4 | 5,237.4 | 5,374.2 | 5,390.9 | 5,036.7 | 4,782.9 | 4,964.4 |
| Products | 7,250.6 | 5,590.4 | 5,237.4 | 5,374.2 | 5,390.9 | 5,036.7 | 4,782.9 | |
| Revenue growth [+] | 29.7% | 6.7% | -2.5% | -0.3% | 7.0% | 5.3% | -3.7% | -1.0% |
| Consumer Packaging | 59.0% | 6.2% | 0.9% | -6.3% | 11.0% | 3.9% | -3.7% | 8.1% |
| Paper and Industrial Converted Products | | | | | 1.8% | 11.9% | -2.3% | -8.7% |
| Display and Packaging | | | | | 16.6% | -2.3% | -14.0% | -9.0% |
| Protective Solutions | | | | | -2.1% | 2.5% | 3.8% | 4.3% |
| Eliminations | 16.3% | 16.4% | -12.1% | -9.4% | -7.4% | | | |
| Cost of goods sold | 5,810.9 | 4,528.5 | 4,191.1 | 4,316.4 | 4,349.9 | 4,078.0 | 3,836.6 | 4,034.9 |
| Gross profit | 1,439.6 | 1,061.9 | 1,046.3 | 1,057.8 | 1,041.0 | 958.7 | 946.3 | 929.4 |
| Gross margin | 19.9% | 19.0% | 20.0% | 19.7% | 19.3% | 19.0% | 19.8% | 18.7% |
| Selling, general and administrative | 707.3 | 558.2 | 528.4 | 530.9 | 563.3 | 507.8 | 503.0 | 496.2 |
| Equity in earnings | 14.2 | 10.8 | 4.7 | 5.2 | 11.2 | 9.5 | 11.2 | 10.4 |
| Other operating expenses | | | | | | | -104.3 | |
| EBITDA [+] | 1,055.3 | 759.8 | 783.9 | 771.3 | 725.2 | 677.9 | 763.9 | 656.8 |
| EBITDA growth | 38.9% | -3.1% | 1.6% | 6.4% | 7.0% | -11.3% | 16.3% | 7.8% |
| EBITDA margin | 14.6% | 13.6% | 15.0% | 14.4% | 13.5% | 13.5% | 16.0% | 13.2% |
| Depreciation | 228.4 | 195.8 | 208.4 | 187.6 | 189.1 | 179.5 | 173.3 | 179.9 |
| EBITA | 827.0 | 564.0 | 575.5 | 583.7 | 536.1 | 498.5 | 590.6 | 476.9 |
| EBITA margin | 11.4% | 10.1% | 11.0% | 10.9% | 9.9% | 9.9% | 12.3% | 9.6% |
| Amortization of intangibles | 80.4 | 49.4 | 52.9 | 51.6 | 47.2 | 38.2 | 31.9 | 33.3 |
| EBIT [+] | 746.5 | 514.6 | 522.6 | 532.1 | 488.9 | 460.3 | 558.8 | 443.6 |
| EBIT growth | 45.1% | -1.5% | -1.8% | 8.8% | 6.2% | -17.6% | 26.0% | 8.0% |
| EBIT margin | 10.3% | 9.2% | 10.0% | 9.9% | 9.1% | 9.1% | 11.7% | 8.9% |
| Non-recurring items [+] | 56.9 | 16.9 | 160.1 | 59.9 | 40.1 | 38.4 | 42.9 | 50.6 |
| Asset impairment | 56.9 | 14.2 | 145.6 | 59.9 | 40.1 | 38.4 | 42.9 | 50.6 |
| Interest expense, net [+] | 97.0 | 59.2 | 72.1 | 61.6 | 58.2 | 52.7 | 51.6 | 54.6 |
| Interest expense | 101.7 | 64.0 | 75.0 | 66.8 | 63.1 | 57.2 | 54.2 | 57.0 |
| Interest income | 4.6 | 4.8 | 3.0 | 5.2 | 5.0 | 4.5 | 2.6 | 2.4 |
| Other income (expense), net [+] | -21.3 | -599.4 | -34.8 | -29.9 | -12.2 | -54.6 | -23.0 | -10.4 |
| Gain (loss) on debt retirement | | -20.2 | | | | | | |
| Pre-tax income | 571.3 | -161.0 | 255.6 | 380.8 | 378.5 | 314.6 | 441.3 | 327.9 |
| Income taxes | 118.5 | -67.4 | 53.0 | 93.3 | 75.0 | 146.6 | 164.6 | 87.7 |
| Tax rate | 20.7% | 41.9% | 20.7% | 24.5% | 19.8% | 46.6% | 37.3% | 26.8% |
| Minority interest | 0.5 | 2.8 | -0.2 | 0.9 | 1.2 | 2.1 | 1.4 | 0.5 |
| Net income | 466.4 | -85.5 | 207.5 | 291.8 | 313.6 | 175.3 | 286.4 | 250.1 |
| Net margin | 6.4% | -1.5% | 4.0% | 5.4% | 5.8% | 3.5% | 6.0% | 5.0% |
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| Basic EPS [+] | $4.76 | ($0.86) | $2.06 | $2.90 | $3.12 | $1.75 | $2.83 | $2.46 |
| Growth | -654.7% | -141.8% | -29.0% | -7.1% | 78.3% | -38.3% | 15.0% | 11.5% |
| Diluted EPS [+] | $4.72 | ($0.86) | $2.05 | $2.88 | $3.10 | $1.74 | $2.81 | $2.44 |
| Growth | -650.5% | -141.9% | -28.9% | -7.1% | 78.5% | -38.2% | 15.2% | 11.6% |
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| Dividends per share [+] | $1.92 | $1.80 | $1.72 | $1.70 | $1.62 | $1.54 | $1.46 | $1.37 |
| Growth | 6.7% | 4.7% | 1.2% | 4.9% | 5.2% | 5.5% | 6.6% | 7.9% |
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| Shares outstanding (basic) [+] | 98.0 | 99.6 | 100.9 | 100.7 | 100.5 | 100.2 | 101.1 | 101.5 |
| Growth | -1.6% | -1.3% | 0.2% | 0.2% | 0.3% | -0.8% | -0.4% | -0.7% |
| Shares outstanding (diluted) [+] | 98.7 | 99.6 | 101.2 | 101.2 | 101.0 | 100.9 | 101.8 | 102.4 |
| Growth | -0.9% | -1.6% | 0.0% | 0.2% | 0.2% | -0.9% | -0.6% | -0.8% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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