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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Net sales $ 1,484.0 $ 1,470.8 $ 4,302.4 $ 4,350.8
Cost of sales (1,154.5) (1,142.5) (3,353.8) (3,427.9)
Gross profit 329.5 328.3 948.6 922.9
Selling, general, and administrative expenses (116.9) (112.7) (346.0) (345.9)
Other income (expense), net (6.2) 3.8 (15.2) (2.9)
Income from operations 206.4 219.4 587.4 574.1
Interest expense, net (23.4) (21.7) (67.5) (63.2)
Income before taxes 183.0 197.7 519.9 510.9
Income tax provision (63.7) (69.9) (181.0) (178.3)
Net income 119.3 127.8 338.9 332.6
Less net income attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Net income attributable to Packaging Corporation of America $ 119.3 $ 127.8 $ 338.9 $ 332.6
Net income per common share attributable to Packaging Corporation of America common shareholders:        
Basic (in dollars per share) $ 1.27 $ 1.31 $ 3.59 $ 3.39
Diluted (in dollars per share) 1.26 1.31 3.58 3.39
Dividends declared per common share (in dollars per share) $ 0.63 $ 0.55 $ 1.73 $ 1.65
Statements of Comprehensive Income:        
Net income $ 119.3 $ 127.8 $ 338.9 $ 332.6
Foreign currency translation adjustment 0.0 0.0 0.0 2.8
Reclassification adjustments to cash flow hedges included in net income, net of tax of $0.5 million, $0.5 million, $1.6 million, and $1.6 million 0.9 0.9 2.6 2.6
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $1.0 million, $1.4 million, $3.1 million, and $4.2 million 1.8 2.1 5.0 6.5
Changes in unfunded employee benefit obligations net of tax of $2.0 million 0.0 0.0 3.1 0.0
Other comprehensive income 2.7 3.0 10.7 11.9
Less net income attributable to noncontrolling interests 0.0 0.0 0.0 0.0
Comprehensive income attributable to Packaging Corporation of America $ 122.0 $ 130.8 $ 349.6 $ 344.5