CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 30, 2024

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS

The following represents changes in Accumulated Other Comprehensive Loss attributable to Graphic Packaging Holding Company by component for the nine months ended September 30, 2024:


In millions, net of tax	Derivative Instruments		Pension and Postretirement Benefit Plans		Currency Translation Adjustments		Total
Balance at December 31, 2023	$	(1)	$	(107)	$	(205)	$	(313)
Other Comprehensive (Loss) Income before Reclassifications	(4)		2		(31)		(33)
Amounts Reclassified from Accumulated Other Comprehensive Loss(a)	8		1		—		9
Net Current-period Other Comprehensive Income (Loss)	4		3		(31)		(24)
Less:
Net Current-period Other Comprehensive (Income) Attributable to Noncontrolling Interest	—		—		(1)		(1)
Balance at September 30, 2024	$	3	$	(104)	$	(237)	$	(338)

(a) See following table for details about these reclassifications.

The following represents reclassifications out of Accumulated Other Comprehensive Loss for the nine months ended September 30, 2024:


In millions
Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Statement Where Net Income is Presented
Derivatives Instruments:
Commodity Contracts	$	11		Cost of Sales
Interest Rate Swap Agreements	(1)			Other Expense, Net
	10			Total before Tax
	(2)			Tax Benefit
	$	8		Total, Net of Tax

Amortization of Defined Benefit Pension Plans:

Actuarial Losses	$	3	(a)
	3			Total before Tax
	(1)			Tax Benefit
	$	2		Total, Net of Tax

Amortization of Postretirement Benefit Plans:

Actuarial Gains	$	(2)	(a)
	(2)			Total before Tax
	1			Tax Expense
	$	(1)		Total, Net of Tax

Total Reclassifications for the Period	$	9		Total Net of Tax

(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see “Note 6 - Pensions and Other Postretirement Benefits”).