XML 78 R58.htm IDEA: XBRL DOCUMENT v2.4.0.8
Guarantor Condensed Consolidated Financial Statements Condensed Consolidating Statements of Operations (Unaudited) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Condensed Financial Statements, Captions [Line Items]        
Parent's ownership percentage 100.00%   100.00%  
Net Sales $ 1,139.7 $ 1,111.9 $ 2,240.2 $ 2,179.1
Cost of Sales 951.1 915.5 1,868.7 1,813.1
Selling, General and Administrative 97.0 95.3 196.2 191.6
Other Income, Net (4.4) (0.8) (7.3) (2.0)
Restructuring and Other Special Charges 8.3 5.2 9.7 8.7
Income (Loss) from Operations 87.7 96.7 172.9 167.7
Interest Expense, Net (29.7) (27.4) (56.9) (59.5)
Loss on Modification or Extinguishment of Debt (25.9) 0 (25.9) (8.9)
Income (Loss) before Income Taxes and Equity Income of Unconsolidated Entities 32.1 69.3 90.1 99.3
Income Tax (Expense) Benefit (11.4) (28.6) (35.1) (41.6)
Income (Loss) before Equity Income of Unconsolidated Entities 20.7 40.7 55.0 57.7
Equity Income of Unconsolidated Entities 0.4 0.7 0.7 1.0
Equity in Net Earnings of Subsidiaries 0 0 0 0
Net Income (Loss) 21.1 41.4 55.7 58.7
Net Loss Attributable to Noncontrolling Interests 0.1 1.0 0.4 0.9
Net Income (Loss) Attributable to Graphic Packaging Holding Company 21.2 42.4 56.1 59.6
Comprehensive Income (Loss) Attributable to Graphic Packaging Holding Company 22.0 42.3 49.9 68.1
Parent
       
Condensed Financial Statements, Captions [Line Items]        
Net Sales 0 0 0 0
Cost of Sales 0 0 0 0
Selling, General and Administrative 0 0 0 0
Other Income, Net 0 0 0 0
Restructuring and Other Special Charges 0 0 0 0
Income (Loss) from Operations 0 0 0 0
Interest Expense, Net 0 0 0 0
Loss on Modification or Extinguishment of Debt 0   0 0
Income (Loss) before Income Taxes and Equity Income of Unconsolidated Entities 0 0 0 0
Income Tax (Expense) Benefit 0 0 0 0
Income (Loss) before Equity Income of Unconsolidated Entities 0 0 0 0
Equity Income of Unconsolidated Entities 0 0 0 0
Equity in Net Earnings of Subsidiaries 21.1 41.4 55.7 58.7
Net Income (Loss) 21.1 41.4 55.7 58.7
Net Loss Attributable to Noncontrolling Interests 0.1 1.0 0.4 0.9
Net Income (Loss) Attributable to Graphic Packaging Holding Company 21.2 42.4 56.1 59.6
Comprehensive Income (Loss) Attributable to Graphic Packaging Holding Company 22.0 42.3 49.9 68.1
Subsidiary Issuer
       
Condensed Financial Statements, Captions [Line Items]        
Net Sales 834.8 852.5 1,655.4 1,682.6
Cost of Sales 677.5 682.2 1,342.3 1,369.6
Selling, General and Administrative 58.8 75.3 129.2 149.9
Other Income, Net (0.7) (1.1) (1.7) (2.7)
Restructuring and Other Special Charges 1.6 0.3 2.2 2.8
Income (Loss) from Operations 97.6 95.8 183.4 163.0
Interest Expense, Net (27.0) (25.7) (51.8) (55.7)
Loss on Modification or Extinguishment of Debt (25.9)   (25.9) (8.9)
Income (Loss) before Income Taxes and Equity Income of Unconsolidated Entities 44.7 70.1 105.7 98.4
Income Tax (Expense) Benefit (16.0) (26.5) (36.4) (37.5)
Income (Loss) before Equity Income of Unconsolidated Entities 28.7 43.6 69.3 60.9
Equity Income of Unconsolidated Entities 0 0 0 0
Equity in Net Earnings of Subsidiaries (7.6) (2.2) (13.6) (2.2)
Net Income (Loss) 21.1 41.4 55.7 58.7
Net Loss Attributable to Noncontrolling Interests 0.1 1.0 0.4 0.9
Net Income (Loss) Attributable to Graphic Packaging Holding Company 21.2 42.4 56.1 59.6
Comprehensive Income (Loss) Attributable to Graphic Packaging Holding Company 22.0 42.3 49.9 68.1
Combined Guarantor Subsidiaries
       
Condensed Financial Statements, Captions [Line Items]        
Net Sales 17.2 17.4 32.5 34.7
Cost of Sales 12.8 12.9 24.0 25.5
Selling, General and Administrative 2.0 1.9 3.8 3.7
Other Income, Net 0 0 0 (0.1)
Restructuring and Other Special Charges 0 0 0 0
Income (Loss) from Operations 2.4 2.6 4.7 5.6
Interest Expense, Net 0 0 0 0
Loss on Modification or Extinguishment of Debt 0   0 0
Income (Loss) before Income Taxes and Equity Income of Unconsolidated Entities 2.4 2.6 4.7 5.6
Income Tax (Expense) Benefit (0.9) (0.8) (1.8) (1.7)
Income (Loss) before Equity Income of Unconsolidated Entities 1.5 1.8 2.9 3.9
Equity Income of Unconsolidated Entities 0 0 0 0
Equity in Net Earnings of Subsidiaries (0.1) 0.1 (1.7) (1.8)
Net Income (Loss) 1.4 1.9 1.2 2.1
Net Loss Attributable to Noncontrolling Interests 0 0 0 0
Net Income (Loss) Attributable to Graphic Packaging Holding Company 1.4 1.9 1.2 2.1
Comprehensive Income (Loss) Attributable to Graphic Packaging Holding Company (0.7) 1.0 0.9 5.4
Combined Nonguarantor Subsidiaries
       
Condensed Financial Statements, Captions [Line Items]        
Net Sales 343.4 304.1 662.3 587.0
Cost of Sales 316.5 282.5 612.4 543.2
Selling, General and Administrative 36.2 18.1 63.2 38.0
Other Income, Net (3.7) 0.3 (5.6) 0.8
Restructuring and Other Special Charges 6.7 4.9 7.5 5.9
Income (Loss) from Operations (12.3) (1.7) (15.2) (0.9)
Interest Expense, Net (2.7) (1.7) (5.1) (3.8)
Loss on Modification or Extinguishment of Debt 0   0 0
Income (Loss) before Income Taxes and Equity Income of Unconsolidated Entities (15.0) (3.4) (20.3) (4.7)
Income Tax (Expense) Benefit 5.5 (1.3) 3.1 (2.4)
Income (Loss) before Equity Income of Unconsolidated Entities (9.5) (4.7) (17.2) (7.1)
Equity Income of Unconsolidated Entities 0.4 0.7 0.7 1.0
Equity in Net Earnings of Subsidiaries 0 0 0 0
Net Income (Loss) (9.1) (4.0) (16.5) (6.1)
Net Loss Attributable to Noncontrolling Interests 0 0 0 0
Net Income (Loss) Attributable to Graphic Packaging Holding Company (9.1) (4.0) (16.5) (6.1)
Comprehensive Income (Loss) Attributable to Graphic Packaging Holding Company (21.6) (5.3) (41.2) 2.4
Consolidating Eliminations
       
Condensed Financial Statements, Captions [Line Items]        
Net Sales (55.7) (62.1) (110.0) (125.2)
Cost of Sales (55.7) (62.1) (110.0) (125.2)
Selling, General and Administrative 0 0 0 0
Other Income, Net 0 0 0 0
Restructuring and Other Special Charges 0 0 0 0
Income (Loss) from Operations 0 0 0 0
Interest Expense, Net 0 0 0 0
Loss on Modification or Extinguishment of Debt 0   0 0
Income (Loss) before Income Taxes and Equity Income of Unconsolidated Entities 0 0 0 0
Income Tax (Expense) Benefit 0 0 0 0
Income (Loss) before Equity Income of Unconsolidated Entities 0 0 0 0
Equity Income of Unconsolidated Entities 0 0 0 0
Equity in Net Earnings of Subsidiaries (13.4) (39.3) (40.4) (54.7)
Net Income (Loss) (13.4) (39.3) (40.4) (54.7)
Net Loss Attributable to Noncontrolling Interests (0.1) (1.0) (0.4) (0.9)
Net Income (Loss) Attributable to Graphic Packaging Holding Company (13.5) (40.3) (40.8) (55.6)
Comprehensive Income (Loss) Attributable to Graphic Packaging Holding Company $ 0.3 $ (38.0) $ (9.6) $ (75.9)