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Selling, general, and administrative expenses

$ 5,779.0

$ 5,741.7

$ 5,852.6

Cost of sales

(4,503.3)

(4,533.7)

(4,623.1)

Gross profit

1,275.7

1,208.0

1,229.5

(471.1)

(451.3)

(469.5)

Other expense, net

(24.3)

(6.7)

(57.3)

Income from operations

780.3

750.0

702.7

(91.8)

(85.5)

(88.4)

^[1]

688.5

664.5

614.3

Dividends declared per common share (US$ per share)

(238.9)

(227.7)

(221.7)

Net income

$ 449.6

$ 436.8

$ 392.6

Net income per common share

Basic (US$ per share)

$ 4.76

$ 4.47

$ 3.99

Diluted (US$ per share)

4.75

4.47

3.99

$ 2.36

$ 2.2

$ 1.6

Statement of Comprehensive Income:

Net income

$ 449.6

$ 436.8

$ 392.6

Foreign currency translation adjustment

0.0

2.7

(2.6)

Reclassification adjustments to cash flow hedges included in net income, net of tax of $2.2 million, $2.2 million, and $2.2 million for 2016, 2015, and 2014, respectively

3.5

Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $4.2 million, $5.6 million, and $2.8 million for 2016, 2015, and 2014, respectively

6.7

8.8

4.2

Changes in unfunded employee benefit obligations, net of tax of $15.7 million, ($8.9) million, and $59.2 million for 2016, 2015, and 2014, respectively

(24.9)

14.0

(94.0)

Other comprehensive income (loss)

(14.7)

29.0

(88.9)

Comprehensive income

$ 434.9

$ 465.8

$ 303.7

[1]	Includes $1.5 million of expense related to the write-off of deferred financing costs in connection with the debt refinancing discussed in Note 9, Debt.

Consolidated Statements of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Reclassification adjustment for cash flow hedges included in net income, tax	$ 2.2	$ 2.2	$ 2.2
Amortization of pension and postretirement plans actuarial loss and prior service cost, tax	4.2	5.6	2.8
Changes in unfunded employee benefit obligations, tax	$ 15.7	$ (8.9)	$ 59.2

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 239.3	$ 184.2
Accounts receivable, net of allowance for doubtful accounts and customer deductions of $10.1 million and $10.3 million as of December 31, 2016 and 2015, respectively	689.2	636.5
Inventories	723.6	676.8
Prepaid expenses and other current assets	30.3	28.8
Federal and state income taxes receivable	13.9	28.2
Total current assets	1,696.3	1,554.5
Property, plant, and equipment, net	2,895.7	2,832.1
Goodwill	737.9	544.0
Intangible assets, net	367.1	270.8
Other long-term assets	80.0	70.9
Total assets	5,777.0	5,272.3
Current liabilities:
Current maturities of long-term debt	25.8	6.5
Capital lease obligations	1.3	1.2
Accounts payable	323.8	294.2
Dividends payable	59.9	53.4
Accrued liabilities	201.2	193.5
Accrued interest	13.4	13.1
Total current liabilities	625.4	561.9
Long-term liabilities:
Long-term debt	2,620.0	2,290.4
Capital lease obligations	20.3	21.6
Deferred income taxes	334.7	347.0
Compensation and benefits	357.2	358.6
Other long-term liabilities	59.6	59.5
Total long-term liabilities	3,391.8	3,077.1
Commitments and contingent liabilities
Stockholders' equity:
Common stock, par value $0.01 per share, 300.0 million shares authorized, 94.2 million and 96.1 million shares issued as of December 31, 2016 and 2015, respectively	0.9	1.0
Additional paid in capital	451.4	439.9
Retained earnings	1,447.1	1,317.3
Accumulated other comprehensive loss	(139.6)	(124.9)
Total stockholders' equity	1,759.8	1,633.3
Total liabilities and stockholders' equity	$ 5,777.0	$ 5,272.3

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts and customer deductions	$ 10.2	$ 10.3
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	94,200,000	96,100,000

Consolidated Statements of Cash Flows - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Cash Flows from Operating Activities:

Net income

$ 449.6

$ 436.8

$ 392.6

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation, depletion, and amortization of intangibles

358.0

356.5

381.6

Amortization of deferred financing costs

7.8

9.2

Share-based compensation expense

19.7

18.2

15.6

Deferred income tax provision (benefit)

(4.0)

1.7

2.6

Loss on disposals of property, plant, and equipment

7.3

0.5

7.0

Pension and post retirement benefits expense, net of contributions

(30.5)

31.2

25.4

Other, net

(5.9)

(20.3)

(0.9)

Decrease (increase) in assets —

Accounts receivable

(3.6)

9.5

(8.5)

Inventories

(25.7)

(11.9)

(72.4)

Prepaid expenses and other current assets

0.0

4.1

(5.1)

Increase (decrease) in liabilities —

Accounts payable

16.6

(37.3)

(36.0)

Accrued liabilities

(3.2)

(15.5)

7.0

Federal and state income tax payable/receivable

15.1

(18.7)

18.0

Net cash provided by operating activities

801.2

762.6

736.1

Cash Flows from Investing Activities:

Additions to property, plant, and equipment

^[1]

(274.3)

(314.5)

(420.2)

Proceeds from sale of a business

0.0

23.0

0.0

Acquisitions of businesses, net of cash acquired

(485.4)

0.0

(20.5)

Additions to other long-term assets

(10.4)

(12.3)

(12.5)

Other, net

0.5

5.7

2.1

Net cash used for investing activities

(769.6)

(298.1)

(451.1)

Cash Flows from Financing Activities:

Proceeds from issuance of debt

385.0

0.0

398.9

Repayments of debt

(37.5)

(47.6)

(592.5)

Financing costs paid

(2.0)

0.0

(3.4)

Common stock dividends paid

(216.1)

(200.8)

(157.4)

Repurchases of common stock

(100.3)

(154.7)

0.0

Proceeds from exercise of stock options

0.0

3.7

Excess tax benefits from stock-based awards

5.7

6.0

12.2

Shares withheld to cover employee restricted stock taxes

(11.2)

(8.7)

(13.2)

Other, net

(0.1)

0.6

Net cash provided by (used for) financing activities

23.5

(405.2)

(351.1)

Net increase (decrease) in cash and cash equivalents

55.1

59.3

(66.1)

Cash and cash equivalents, beginning of year

184.2

124.9

191.0

Cash and cash equivalents, end of year

$ 239.3

$ 184.2

$ 124.9

[1]	Includes "Additions to property, plant, and equipment" and excludes cash used for "Acquisitions of businesses, net of cash acquired" as reported on our Consolidated Statements of Cash Flows.

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning Balance (in shares) at Dec. 31, 2013		98,172,000
Beginning Balance at Dec. 31, 2013	$ 1,356.8	$ 1.0	$ 401.7	$ 1,019.1	$ (65.0)
Common stock withheld and retired to cover taxes on vested stock awards (in shares)		(183,000)
Common stock withheld and retired to cover taxes on vested stock awards	(13.2)	$ 0.0	(1.2)	(12.0)	0.0
Common stock dividends declared	(157.5)	$ 0.0	0.0	(157.5)	0.0
Restricted stock grants and cancellations (in shares)		228,000
Restricted stock/performance unit grants and cancellations	9.7	$ 0.0	9.7	0.0	0.0
Exercise of stock options (in shares)		151,000
Exercise of stock options	6.3	$ 0.0	6.3	0.0	0.0
Share-based compensation expense	15.6	0.0	15.6	0.0	0.0
Comprehensive income	303.7	$ 0.0	0.0	392.6	(88.9)
Ending Balance (in shares) at Dec. 31, 2014		98,368,000
Ending Balance at Dec. 31, 2014	$ 1,521.4	$ 1.0	432.1	1,242.2	(153.9)
Common stock repurchases and retirements (in shares)	(2,326,493)	(2,326,000)
Common stock repurchases and retirements	$ (154.7)	$ 0.0	(15.6)	(139.1)	0.0
Common stock withheld and retired to cover taxes on vested stock awards (in shares)		(131,000)
Common stock withheld and retired to cover taxes on vested stock awards	(8.7)	$ 0.0	(0.8)	(7.9)	0.0
Common stock dividends declared	(214.7)	$ 0.0	0.0	(214.7)	0.0
Restricted stock grants and cancellations (in shares)		218,000
Restricted stock/performance unit grants and cancellations	6.0	$ 0.0	6.0	0.0	0.0
Share-based compensation expense	18.2	0.0	18.2	0.0	0.0
Comprehensive income	465.8	$ 0.0	0.0	436.8	29.0
Ending Balance (in shares) at Dec. 31, 2015		96,129,000
Ending Balance at Dec. 31, 2015	$ 1,633.3	$ 1.0	439.9	1,317.3	(124.9)
Common stock repurchases and retirements (in shares)	(1,987,187)	(1,987,000)
Common stock repurchases and retirements	$ (100.3)	$ (0.1)	(13.1)	(87.1)	0.0
Common stock withheld and retired to cover taxes on vested stock awards (in shares)		(172,000)
Common stock withheld and retired to cover taxes on vested stock awards	(11.2)	$ 0.0	(1.1)	(10.1)	0.0
Common stock dividends declared	(222.6)	$ 0.0	0.0	(222.6)	0.0
Restricted stock grants and cancellations (in shares)		243,000
Restricted stock/performance unit grants and cancellations	5.7	$ 0.0	5.7	0.0	0.0
Share-based compensation expense	19.7	0.0	19.7	0.0	0.0
Other	0.3		0.3
Comprehensive income	434.9	$ 0.0	0.0	449.6	(14.7)
Ending Balance (in shares) at Dec. 31, 2016		94,213,000
Ending Balance at Dec. 31, 2016	$ 1,759.8	$ 0.9	$ 451.4	$ 1,447.1	$ (139.6)

Nature of Operations and Basis of Presentation	12 Months Ended
Nature of Operations and Basis of Presentation	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	Nature of Operations and Basis of Presentation Packaging Corporation of America ("we," "us," "our," "PCA," or the "Company") was incorporated on January 25, 1999. In April 1999, PCA acquired the containerboard and corrugated packaging products business of Pactiv Corporation (Pactiv), formerly known as Tenneco Packaging, Inc., a wholly owned subsidiary of Tenneco Inc. In October 2013, PCA acquired Boise Inc. (Boise). After the acquisition of Boise, we became a large diverse manufacturer of both packaging and paper products. We are headquartered in Lake Forest, Illinois and we operate primarily in the United States. We have approximately 14,000 employees. We report our businesses in three reportable segments: Packaging, Paper, and Corporate and Other. Our Packaging segment produces a wide variety of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers. On December 1, 2016, we ceased softwood market pulp operations at our Wallula, Washington mill and permanently shut down the No. 1 machine, with pulp capacity of 100,000 tons. Corporate and other includes support staff services and related assets and liabilities, transportation assets, and activity related to other ancillary support operations. For more information about our segments, see Note 17, Segment Information. The consolidated financial statements include the accounts of PCA and its majority-owned subsidiaries after elimination of intercompany balances and transactions.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues and expenses. These estimates and assumptions are based on management's best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. We adjust such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in these estimates will be reflected in the consolidated financial statements in future periods.

Revenue Recognition

We recognize revenue when the following criteria are met: persuasive evidence of an agreement exists, the customer takes title and assumes risk and rewards of ownership or services have been rendered, our price to the buyer is fixed or determinable, and collectability is reasonably assured. The timing of revenue recognition is dependent on transfer of title, which is normally either on exit from our plants (i.e., shipping point) or on arrival at customer’s location (i.e., destination point). Shipping and handling billings to a customer are included in net sales. Shipping and handling costs, such as freight to our customers' destinations, are included in cost of sales. We present taxes collected from customers and remitted to governmental authorities on a net basis in our Consolidated Statements of Income.

Planned Major Maintenance Costs

The Company accounts for its planned major maintenance activities in accordance with ASC 360, Property, Plant, and Equipment, using the deferral method. All maintenance costs incurred during the year are expensed in the year in which the maintenance activity occurs.

Share-Based Compensation

We recognize compensation expense for awards granted under the PCA long-term equity incentive plans based on the fair value on the grant date. We recognize the cost of the equity awards expected to vest over the period the awards vest. See Note 12, Share-Based Compensation, for more information.

Research and Development

Research and development costs are expensed as incurred. The amount charged to expense was $13.3 million, $13.1 million, and $12.3 million for the years ended December 31, 2016, 2015, and 2014, respectively.

Cash and Cash Equivalents

Cash and cash equivalents include all cash balances and highly liquid investments with a stated maturity of three months or less. Cash equivalents are stated at cost, which approximates market. Cash and cash equivalents totaled $239.3 million and $184.2 million at December 31, 2016 and 2015, respectively, which included cash equivalents of $178.4 million and $140.9 million, respectively. At December 31, 2016 and 2015, we had $3.4 million and $3.1 million, respectively, of cash at our operations outside the United States.

Trade Accounts Receivable, Allowance for Doubtful Accounts, and Customer Deductions

Trade accounts receivable are stated at the amount we expect to collect. The collectability of our accounts receivable is based upon a combination of factors. In circumstances where a specific customer is unable to meet its financial obligations to PCA (e.g., bankruptcy filings, substantial downgrading of credit sources), a specific reserve for bad debts is recorded against amounts due to the Company to reduce the net recorded receivable to the amount the Company reasonably believes will be collected. For all other customers, reserves for bad debts are recognized based on historical collection experience. If collection experience deteriorates (i.e., higher than expected defaults or an unexpected material adverse change in a major customer’s ability to meet its financial obligations to the Company), the estimate of the recoverability of amounts due could be reduced by a material amount. We periodically review our allowance for doubtful accounts and adjustments to the valuation allowance are recorded as income or expense. Trade accounts receivable balances that remain outstanding after we have used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. At December 31, 2016 and 2015, the allowance for doubtful accounts was $3.8 million and $3.9 million, respectively.

The customer deductions reserve represents the estimated amount required for customer returns, allowances, and earned discounts. Based on the Company’s experience, customer returns, allowances, and earned discounts have averaged approximately 1% of gross selling price. Accordingly, PCA reserves 1% of its open customer accounts receivable balance for these items. The reserves for customer deductions of $6.3 million and $6.4 million at December 31, 2016 and 2015, respectively, are also included as a reduction of the accounts receivable balance.

Derivative Instruments and Hedging Activities

The Company records its derivatives, if any, in accordance with ASC 815, Derivatives and Hedging. The guidance requires the Company to recognize derivative instruments as either assets or liabilities on the balance sheet at fair value. The accounting for changes in the fair value of a derivative depends on the intended use and designation of the derivative instrument. For a derivative designated as a fair value hedge, the gain or loss on the derivative is recognized in earnings in the period of change at fair value together with the offsetting gain or loss on the hedged item. For a derivative instrument designated as a cash flow hedge, the effective portion of the derivative’s gain or loss is initially reported as a component of accumulated other comprehensive income (loss) (AOCI) and is subsequently recognized in earnings when the hedged exposure affects earnings. The ineffective portion of the gain or loss is recognized in earnings. We were not party to any derivative-based arrangements at December 31, 2016 and 2015.

Fair Value Measurements

PCA measures the fair value of its financial instruments in accordance with ASC 820, Fair Value Measurements and Disclosures. The guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. It is determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, ASC 820 establishes the following hierarchy that prioritizes the inputs to valuation methodologies used to measure fair value:

Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets.

Level 2 — Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.

Level 3 — Valuations based on unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Financial instruments measured at fair value on a recurring basis include the fair value of our pension and postretirement benefit assets and liabilities. See Note 10, Employee Benefit Plans and Other Postretirement Benefits for more information. Other assets and liabilities measured and recognized at fair value on a nonrecurring basis include assets acquired and liabilities assumed in acquisitions and our asset retirement obligations. Given the nature of these assets and liabilities, evaluating their fair value from the perspective of a market participant is inherently complex. Assumptions and estimates about future values can be affected by a variety of internal and external factors. Changes in these factors may require us to revise our estimates and could require us to retroactively adjust provisional amounts that we recorded for the fair values of assets acquired and liabilities assumed in connection with business combinations. These adjustments could have a material effect on our financial condition and results of operations. See Note 3, Acquisitions and Dispositions, and Note 11, Asset Retirement Obligations, for more information.

Inventory Valuation

We value our raw materials, work in process, and finished goods inventories using lower of cost, as determined by the average cost method, or market. Supplies and materials are valued at the first-in, first-out (FIFO) or average cost methods.

The components of inventories were as follows (dollars in millions):



	December 31
	2016		2015
Raw materials	$	271.9	$	260.6
Work in process	12.9		14.2
Finished goods	206.5		189.7
Supplies and materials	232.3		212.3
Inventories	$	723.6	$	676.8

Property, Plant, and Equipment

Property, plant, and equipment are recorded at cost. Cost includes expenditures for major improvements and replacements and the amount of interest cost associated with significant capital additions. Repairs and maintenance costs are expensed as incurred. When property and equipment are retired, sold, or otherwise disposed of, the asset's carrying amount and related accumulated depreciation are removed from the accounts and any gain or loss is included in "Net income" in our Consolidated Statements of Income.

Property, plant, and equipment consisted of the following (dollars in millions):



	December 31
	2016			2015
Land and land improvements	$	149.7		$	146.4
Buildings	717.1			640.9
Machinery and equipment	4,951.4			4,747.1
Construction in progress	125.4			119.1
Other	66.7			61.3
Property, plant, and equipment, at cost	6,010.3			5,714.8
Less accumulated depreciation	(3,114.6		)	(2,882.7		)
Property, plant, and equipment, net	$	2,895.7		$	2,832.1

The amount of interest capitalized from construction in progress was $2.5 million, $2.0 million, and $2.8 million for the years ended December 31, 2016, 2015, and 2014, respectively.

Depreciation is computed on the straight-line basis over the estimated useful lives of the related assets. Assets under capital leases are depreciated on the straight-line method over the term of the lease or the useful life, if shorter. The following lives are used for the various categories of assets:



Buildings and land improvements	5 to 40 years
Machinery and equipment	3 to 25 years
Trucks and automobiles	3 to 10 years
Furniture and fixtures	3 to 20 years
Computers and hardware	3 to 10 years
Leasehold improvements	Period of the lease or useful life, if shorter

The amount of depreciation expense was $324.1 million, $323.0 million, and $348.2 million for the years ended December 31, 2016, 2015, and 2014, respectively. In 2016, we recognized incremental depreciation expense of $2.9 million, primarily related to facilities closure costs and the Wallula mill restructuring. During the years ended December 31, 2015 and 2014, we recognized $9.0 million and $42.0 million, respectively, of incremental depreciation expense primarily related to shortening the useful lives of assets related to the restructuring at the DeRidder, Louisiana, mill.

Pursuant to the terms of an industrial revenue bond, title to certain property, plant, and equipment was transferred to a municipal development authority in 2009 in order to receive a property tax abatement. The title of these assets will revert back to PCA upon retirement or cancellation of the bond. The assets are included in the consolidated balance sheet under the caption "Property, plant, and equipment, net" as all risks and rewards remain with the Company.

Leases

We assess lease classification as either capital or operating at lease inception or upon modification. We lease some of our locations, as well as other property and equipment, under operating leases. For purposes of determining straight-line rent expense, the lease term is calculated from the date of possession of the facility, including any periods of free rent and any renewal option periods that are reasonably assured of being exercised.

Long-Lived Asset Impairment

Long-lived assets other than goodwill and other intangibles are reviewed for impairment in accordance with provisions of ASC 360, Property, Plant and Equipment. In the event that facts and circumstances indicate that the carrying amount of any long-lived assets may be impaired, an evaluation of recoverability is performed. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset (or group of assets) is compared to the assets (or group of assets) carrying amount to determine if a write-down to fair value is required.

Goodwill and Intangible Assets

The Company has capitalized certain intangible assets, primarily goodwill, customer relationships, and trademarks and trade names, based on their estimated fair value at the date of acquisition. Amortization is provided for customer relationships on a straight-line basis over periods ranging from ten to 40 years, and trademarks and trade names over periods ranging from three to 20 years.

Goodwill, which amounted to $737.9 million and $544.0 million for the years ended December 31, 2016 and 2015, respectively, is not amortized but is subject to an annual impairment test in accordance with ASC 350, Intangibles - Goodwill and Other. We test goodwill for impairment annually in the fourth quarter or sooner if events or changes in circumstances indicate that the carrying value of the asset may exceed fair value. Additionally, we evaluate the remaining useful lives of our finite-lived purchased intangible assets to determine whether any adjustments to the useful lives are necessary. The Company concluded that none of the goodwill or intangible assets were impaired in the 2016, 2015, and 2014 annual impairment tests. See Note 7, Goodwill and Intangible Assets for additional information.

Pension and Postretirement Benefits

Several estimates and assumptions are required to record pension costs and liabilities, including discount rate, return on assets, and longevity and service lives of employees. We review and update these assumptions annually unless a plan curtailment or other event occurs, requiring we update the estimates on an interim basis. While we believe the assumptions used to measure our pension and postretirement benefit obligations are reasonable, differences in actual experience or changes in assumptions may materially affect our pension and postretirement benefit obligations and future expense. See Note 10, Employee Benefit Plans and Other Postretirement Benefits, for additional information.

For postretirement health care plan accounting, the Company reviews external data and its own historical trends for health care costs to determine the health care cost trend rate assumption.

Environmental Matters

Environmental expenditures that extend the life of the related property or mitigate or prevent future environmental contamination are capitalized. Liabilities are recorded for environmental contingencies when such costs are probable and reasonably estimable. These liabilities are adjusted as further information develops or circumstances change. Environmental expenditures related to existing conditions resulting from past or current operations from which no current or future benefit is discernible are expensed as incurred.

Asset Retirement Obligations

The Company accounts for its retirement obligations related predominantly to landfill closure, wastewater treatment pond dredging, closed-site monitoring costs, and certain leasehold improvements under ASC 410, Asset Retirement and Environmental Obligations, which requires recognition of legal obligations associated with the retirement of long-lived assets whether these assets are owned or leased. These legal obligations are recognized at fair value at the time that the obligations are incurred. When we record the liability, we capitalize the cost by increasing the carrying amount of the related long-lived asset, which is amortized to expense over the useful life of the asset. See Note 11, Asset Retirement Obligations, for additional information.

Deferred Financing Costs

PCA has capitalized certain costs related to obtaining its financing. These costs are amortized to interest expense using the effective interest rate method over the terms of the related financing, which range from five to ten years. Effective January 1, 2016, the Company adopted Accounting Standards Update (ASU) 2015-03 (Topic 835): Simplifying the Presentation of Debt Issuance Costs. We applied this guidance retrospectively, as required, and reclassified $12.3 million from "Other long-term assets" to "Long-term debt" on our December 31, 2015 Consolidated Balance Sheet to conform with current period presentation. At December 31, 2016 deferred financing costs were $12.4 million.

Cutting Rights and Fiber Farms

We lease the cutting rights to approximately 75,000 acres of timberland, and we lease 9,000 acres of land where we operate fiber farms as a source of future fiber supply. For our cutting rights and fiber farms, we capitalize the annual lease payments and reforestation costs associated with these leases. Costs are recorded as depletion when the timber or fiber is harvested and used in operations or sold to customers. Capitalized long-term lease costs for our cutting rights and fiber farms, primarily recorded in "Other long-term assets" on our Consolidated Balance Sheet, were $43.9 million and $40.2 million as of December 31, 2016 and 2015, respectively. The amount of depletion expense was $4.7 million, $7.0 million, and $7.3 million for the years ended December 31, 2016, 2015, and 2014, respectively.

Deferred Software Costs

PCA capitalizes costs related to the purchase and development of software, which is used in its business operations. The costs attributable to these software systems are amortized over their estimated useful lives based on various factors such as the effects of obsolescence, technology, and other economic factors. Net capitalized software costs recorded in "Other long-term assets" on our Consolidated Balance Sheets were $4.5 million and $6.9 million for the years ended December 31, 2016 and 2015, respectively. Software amortization expense was $2.5 million, $3.0 million, and $2.9 million for the years ended December 31, 2016, 2015, and 2014, respectively.

Income Taxes

PCA utilizes the liability method of accounting for income taxes whereby it recognizes deferred tax assets and liabilities for the future tax consequences of temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements. Deferred tax assets will be reduced by a valuation allowance if, based upon management’s estimates, it is more likely than not that a portion of the deferred tax assets will not be realized in a future period. The estimates utilized in the recognition of deferred tax assets are subject to revision in future periods based on new facts or circumstances. PCA’s practice is to recognize interest and penalties related to unrecognized tax benefits in income tax expense.

Trade Agreements

PCA regularly trades containerboard with other manufacturers primarily to reduce shipping costs. These agreements are entered into with other producers on an annual basis, pursuant to which both parties agree to ship an identical number of tons of containerboard to each other within the agreement period. These agreements lower transportation costs by allowing each party’s containerboard mills to ship containerboard to the other party’s closer corrugated products plant. PCA tracks each shipment to ensure that the other party’s shipments to PCA match PCA’s shipments to the other party during the agreement period. Such transfers are possible because containerboard is a commodity product with no distinguishing product characteristics. These transactions are accounted for at carrying value, and revenue is not recorded as the transactions do not represent the culmination of an earnings process. The transactions are recorded into inventory accounts, and no sale or income is recorded until such inventory is converted to a finished product and sold to an end-use customer.

Business Combinations

The Company accounts for acquisitions under ASC 805, Business Combinations, which requires separate recognition of assets acquired and liabilities assumed from goodwill, at the acquisition date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred over the net of the acquisition date fair values of the assets acquired and liabilities assumed. During the measurement period, which may be up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, Clarifying the Definition of a Business, which adds guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (disposals) of assets or businesses. The guidance of ASU 2017-01 is effective for fiscal years beginning after December 15, 2017.

New and Recently Adopted Accounting Standards

In May 2014, the FASB issued ASU 2014-09 (Topic 606): Revenue from Contracts with Customers. This ASU amends the guidance for revenue recognition to replace numerous industry-specific requirements. The ASU implements a five-step process for customer contract revenue recognition that focuses on transfer of control as opposed to transfer of risk and rewards. The amendment also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows from contracts with customers.

There are two permitted transition methods under the standard: full retrospective method, in which case the cumulative effect of applying the standard would be recognized in the earliest period shown, or the modified retrospective method, in which case the cumulative effect of applying the standard would be recognized at the date of initial application. The standard will be effective for reporting periods beginning after December 15, 2017.

We have been closely monitoring FASB activity related to the new standard. The following updates have been made as a result of implementation issues related to the new standard:


•	In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers - Principal versus Agent Consideration (Reporting revenue gross versus net), which clarifies gross versus net revenue reporting when another party is involved in the transactions.


•	In April 2016, FASB issued ASU 2016-10, Revenue from Contracts with Customers - Identifying Performance Obligations and Licensing, which amends the revenue guidance on identifying performance obligations and accounting for licenses of intellectual property.


•	In May 2016, the FASB issued ASU 2016-12, Revenue from Contracts with Customers - Narrow-Scope Improvements and Practical Expedients, which provides narrow-scope improvements to the guidance on collectability, non-cash consideration, and completed contracts at transition

•

In December 2016, the FASB issued ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, which provides additional guidance and clarification for application and interpretation of the new standard. The ASU makes technical corrections and improvements to the new revenue standard and to other Codification topics to address unintended consequences from applying the new guidance.

We have established a transition team to analyze the impact of the standard on our revenue contracts by reviewing our current accounting policies and practices and identifying potential differences that would result from applying the requirements of the new standard. Specifically, we have identified significant revenue streams within each of our reportable segments and are reviewing representative contracts to identify corresponding purchase obligations, variable consideration, acquisition costs and fulfillment costs. In addition, we are in the process of identifying appropriate changes to our business processes, systems and controls to support revenue recognition and disclosures under the new standard. This team has reported its findings and progress of the project to management and the Audit Committee on a periodic basis over the last year.

We are still assessing the impact of ASU 2014-09, the related updates as mentioned above, and the most appropriate transition method but we do not believe they will have a material effect on the Company’s financial position or its results of operations. We expect to finalize both our assessment and determine our adoption method by June 30, 2017. The new standard becomes effective for us as of January 1, 2018, with the option to early adopt the standard for annual periods beginning on or after December 15, 2016. We do not plan to early adopt the standard.

In January 2017, the FASB issued ASU 2017-01 (Topic 805), Clarifying the Definition of a Business, which amends the guidance in ASC 805, “Business Combinations”. The ASU changes the definition of a business to assist entities with evaluating when a set of transferred assets and activities is a business. Under the new guidance, an entity first determines whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If this threshold is met, the set is not a business. If it is not met, the entity then evaluates whether the set meets the requirements that a business include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create outputs. The ASU defines an output as “the result of inputs and processes applied to those inputs that provide goods or services to customers, investment income (such as dividends or interest), or other revenues.” The ASU is effective for annual reporting periods beginning after December 15, 2017, including interim periods within those annual periods, and early adoption is permitted. The ASU will be applied prospectively to any transactions subsequent to adoption.

In August 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU")

2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. This ASU adds or clarifies guidance on the classification of certain cash receipts and payments in the statement of cash flows. It is

effective for annual periods beginning after December 15, 2017, and interim periods within those annual periods, with early

adoption permitted. The Company does not expect this ASU to have a material impact on the Company's financial condition,

results of operations, or cash flows.

In March 2016, the FASB issued ASU 2016-09 (Topic 718): Improvements to Employee Share-Based Payment Accounting, which is intended to improve the accounting for share-based payment transactions as part of the FASB’s simplification initiative. This ASU requires all excess tax benefits and deficiencies from share-based payment awards (including tax benefits of dividends on share-based payment awards) to be recognized in the income statement when the awards vest or are settled. Excess tax benefits and deficiencies are currently recognized in additional paid in capital in our consolidated balance sheet. Additionally, the guidance requires these excess tax benefits and deficiencies to be presented as an operating activity in the statement of cash flows rather than as a financing activity. The guidance also allows an employer to repurchase more of an employee’s shares than it can today for tax withholding purposes without triggering liability accounting and to make a policy election to account for forfeitures as they occur. The provisions are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. As a result of this adoption, the Company will prospectively record excess tax benefits and deficiencies from share-based compensation as income tax expense or benefit in the income statement for periods beginning after January 1, 2017. The magnitude of such impacts are dependent upon the Company's future stock price at vest or settlement date in relation to the fair value of share-based awards on the grant date, the Company's future grants of share-based awards, and the exercise behavior of the Company's equity compensation holders. The Company will also retrospectively reclassify excess tax benefits and deficiencies as an operating activity rather than a financing activity on its consolidated statements of cash flows. All other adopted amendments did not have a material impact on the Company's financial position, results of operations and cash flow.

In February 2016, the FASB issued ASU 2016-02 (Topic 842): Leases. This ASU amends a number of aspects of lease accounting, including requiring lessees to recognize operating leases with a term greater than one year on their balance sheet as a right-of-use asset and corresponding lease liability, measured at the present value of the lease payments. This ASU will be effective for us beginning in our first quarter of 2019 and early adoption is permitted. This ASU is required to be adopted using a modified retrospective approach. We are evaluating the timing and effects of the adoption of this ASU on our financial statements.

In July 2015, the FASB issued ASU 2015-11 (Topic 330): Simplifying the Measurement of Inventory, as part of its simplification initiative. Under the ASU, inventory is measured at the "lower of cost and net realizable value" and other options that currently exist for market value will be eliminated. ASU 2015-11 defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. No other changes were made to the current guidance on inventory measurement. The Company adopted this standard, prospectively, on January 1, 2017. The adoption of this guidance did not have a material effect on our financial position or results of operations.

In April 2015, the FASB issued ASU 2015-03 (Topic 835): Simplifying the Presentation of Debt Issuance Costs. This ASU conforms the presentation of debt issuance costs with that required for debt discounts under U.S. GAAP. Under the ASU, debt issuance costs are presented in the balance sheet as a direct deduction from the related liability rather than as an asset. The Company adopted this standard on January 1, 2016. We applied this guidance retrospectively, as required, and reclassified $12.3 million from "Other long-term assets" to "Long-term debt" on our December 31, 2015 Consolidated Balance Sheet to conform with current period presentation. At December 31, 2016 deferred financing costs were $12.4 million.

There were no other accounting standards recently issued that had or are expected to have a material impact on our financial position or results of operations.

Acquisitions and Dispositions

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Acquisitions and Dispositions

TimBar Acquisition

On August 29, 2016, PCA acquired substantially all of the assets of TimBar Corporation (“TimBar”), a large independent corrugated products producer with six corrugated products production facilities, for a purchase price of $385.6 million, net of cash acquired. Funding for the acquisition came from a new $385.0 million five-year term loan facility. TimBar provides solutions to customers in the higher margin retail, industrial packaging and display and fulfillment markets with a focus on multi-color graphics and technical innovation. With the acquisition of TimBar, we acquired a 51% controlling interest in a wholesale distributor of polywoven plastic bags used in the transportation industry. TimBar financial results are included in the Packaging segment from the date of acquisition. For the period ended December 31, 2016, TimBar accounted for $116.9 million, or 2.0% of the Company's net sales. Had the acquisition occurred at the beginning of 2015, PCA's net sales would have been $6.0 billion and $6.1 billion for 2016 and 2015, respectively.

The Company accounted for TimBar using the acquisition method of accounting in accordance with ASC 805, Business Combinations. The total purchase price has been preliminarily allocated to tangible and intangible assets acquired and liabilities assumed based on respective fair values, as follows (dollars in millions):



	Initial Allocation		Adjustments			Revised Allocation
Goodwill	$	148.1	$	9.2		$	157.3
Other intangible assets	101.6		(7.2		)	94.4
Property, plant and equipment	96.9		(1.6		)	95.3
Other net assets	39.0		(0.4		)	38.6
Net assets acquired	$	385.6	$	—		$	385.6

The purchase price allocation presented above is preliminary and is subject to the finalization of various valuations and assessments, primarily related to property, plant, and equipment, working capital and intangible assets. Our current estimates and assumptions may change as more information becomes available. We expect to finalize the valuations within the 12-month period following the acquisition date.

Goodwill is calculated as the excess of the purchase price over the fair value of the net assets acquired. Among the factors that contributed to the recognition of goodwill were TimBar's commitment to continuous improvement and innovation in their operations, as well as the expected increases in PCA's containerboard integration levels. Goodwill is expected to be deductible for tax purposes.

Other intangible assets, primarily customer relationships, were assigned an estimated weighted average useful life of 14.2 years.

Property, plant and equipment were assigned estimated useful lives ranging from two to 24 years.

Columbus Container Acquisition

On November 30, 2016, PCA acquired substantially all of the assets of Columbus Container, Inc., an independent corrugated products producer with one corrugated products production facility and five warehousing facilities, for a purchase price of $99.7 million, net of cash acquired. Funding for the acquisition came from available cash on hand. Columbus Container, Inc. is a full-service provider of corrugated packaging products utilizing state-of-the-art technologies and design centers to provide customers a solution for nearly any packaging need. Columbus Container financial results are included in the Packaging segment from the date of acquisition.

PCA allocated the total purchase price to the Columbus Container assets as follows: $36.6 million to goodwill, $26.3 million to intangible assets, $27.2 million to property, plant, & equipment, and $9.6 million to other net assets. The allocation presented is preliminary and is subject to the finalization of various valuations and assessments, primarily related to property, plant, and equipment and intangible assets. Our current estimates and assumptions may change as more information becomes available. We expect to finalize the valuations within the 12-month period following the acquisition date.

Goodwill is calculated as the excess of the purchase price over the fair value of the net assets acquired. Among the factors that contributed to the recognition of goodwill were Columbus Container's commitment to continuous improvement and innovation in their operations, as well as the expected increases in PCA's containerboard integration levels. Goodwill is expected to be deductible for tax purposes.

Other intangible assets, primarily customer relationships, were assigned an estimated weighted average useful life of 14.4 years.

Property, plant and equipment were assigned estimated useful lives ranging from one to 32 years.

Sale of European and Mexican Operations

On April 1, 2015, we completed the sale of our Hexacomb corrugated manufacturing operations in Europe and Mexico for approximately $23.0 million. The sale included three locations in Europe and two locations in Mexico. Sales, net income, and total assets of these locations are not material to our consolidated financial position or results of operations in any period presented. The gain on the sale was insignificant.

Crockett Packaging Acquisition

On April 28, 2014, we acquired the assets of Crockett Packaging, a corrugated products manufacturer, for $21.2 million, before $0.7 million of working capital adjustments. The assets included a corrugated plant and a sheet plant in Southern California. Sales and total assets of the acquired company are not material to our overall sales and total assets. Operating results of the acquired assets subsequent to April 28, 2014, are included in our Packaging segment's operating results. In connection with the acquisition, we allocated the purchase price to the assets acquired and liabilities assumed based on estimates of the fair value at the date of the acquisition.

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Other Income and Expenses [Abstract]

Earnings Per Share

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Share

The following table sets forth the computation of basic and diluted income per common share for the periods presented (dollars and shares in millions, except per share data).



	Year Ended December 31
	2016			2015			2014
Numerator:
Net income	$	449.6		$	436.8		$	392.6
Less: distributed and undistributed earnings allocated to participating securities	(4.4		)	(5.2		)	(5.7		)
Net income attributable to common shareholders	$	445.2		$	431.6		$	386.9
Denominator:
Weighted average basic common shares outstanding	93.5			96.6			97.0
Effect of dilutive securities	0.2			0.1			0.1
Diluted common shares outstanding	93.7			96.7			97.1
Basic income per common share	$	4.76		$	4.47		$	3.99
Diluted income per common share	$	4.75		$	4.47		$	3.99

As of June 29, 2014, we had no remaining options to purchase shares. For the year ended 2014, all outstanding options to purchase shares were included in the computation of diluted common shares.

Other Expense, Net

12 Months Ended

Dec. 31, 2016

Other Expense, Net

The components of other income (expense), net, were as follows (dollars in millions):



	Year Ended December 31
	2016			2015			2014
Asset disposals and write-offs	$	(11.9	)	$	(14.0	)	$	(10.1	)
Facilities closure costs (a)	(9.4		)	—			—
Acquisition-related costs (b)	(3.3		)	—			—
Multiemployer pension withdrawal (c)	(0.9		)	—			—
Wallula mill restructuring (d)	(0.6		)	—			—
Integration-related and other costs (e)	—			(12.9		)	(20.0		)
DeRidder restructuring (f)	—			7.1			(7.3		)
Sale of St. Helens paper mill site (g)	—			6.7			—
Refundable state tax credit (h)	—			3.6			—
Class action lawsuit settlement (i)	—			—			(17.6		)
Other	1.8			2.8			(2.3		)
Total	$	(24.3	)	$	(6.7	)	$	(57.3	)

___________


(a)	Includes facilities closure costs related to corrugated products facilities and a paper products facility.


(b)	Includes acquisition-related costs for the TimBar Corporation and Columbus Container, Inc. acquisitions.


(c)	Includes costs related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities.


(d)	Includes costs related to ceased softwood market pulp operations at our Wallula, Washington mill and the permanent shutdown of the No. 1 machine.


(e)	Includes Boise acquisition integration-related and other costs, which primarily relate to severance, retention, travel, and professional fees.


(f)	2015 and 2014 include amounts from restructuring activities at our mill in DeRidder, Louisiana including costs related to the conversion of the No. 3 newsprint machine to containerboard, our exit from the newsprint business, and other improvements. We completed the restructuring activities in first quarter 2015. In 2015, we recorded $7.1 million of income from vendor settlements.


(g)	In September 2015, we sold the remaining land, buildings, and equipment at our paper mill site in St. Helens, Oregon where we ceased paper production in December 2012. We recorded a $6.7 million gain on the sale.


(h)	Includes a $3.6 million tax credit from the State of Louisiana related to our recent capital investment and the jobs retained at the DeRidder, Louisiana mill, which was recorded as a benefit.


(i)	Includes $17.6 million of costs for the settlement of the Kleen Products LLC v Packaging Corp. of America et al class action lawsuit. See Note 18, Commitments, Guarantees, Indemnifications, and Legal Proceedings, for more information.

Income Taxes

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Income Taxes

The following is an analysis of the components of the consolidated income tax provision (dollars in millions):



	2016			2015			2014
Current income tax provision (benefit) -
U.S. Federal	$	213.6		$	205.1		$	185.1
State and local	29.1			20.5			33.1
Foreign	0.2			0.4			0.9
Total current provision for taxes	242.9			226.0			219.1
Deferred -
U.S. Federal	(1.2		)	(3.8		)	(5.0		)
State and local	(3.0		)	5.6			7.6
Foreign	0.2			(0.1		)	—
Total deferred provision (benefit) for taxes	(4.0		)	1.7			2.6
Total provision (benefit) for taxes	$	238.9		$	227.7		$	221.7

The effective tax rate varies from the U.S. Federal statutory tax rate principally due to the following (dollars in millions):



	2016			2015			2014
Provision computed at U.S. Federal statutory rate of 35%	$	241.0		$	232.6		$	215.0
State and local taxes, net of federal benefit	19.8			20.0			20.5
Domestic manufacturers deduction	(21.1		)	(19.9		)	(16.5		)
Other	(0.8		)	(5.0		)	2.7
Total	$	238.9		$	227.7		$	221.7

The following details the scheduled expiration dates of our tax effected net operating loss (NOL) and other tax carryforwards at December 31, 2016 (dollars in millions):



	2017 Through 2026		2027 Through 2036		Indefinite		Total
U.S. federal and foreign NOLs	$	—	$	65.3	$	—	$	65.3
State taxing jurisdiction NOLs	1.3		0.8		—		2.1
U.S. federal, foreign, and state tax credit carryforwards	—		0.1		—		0.1
U.S. federal capital loss carryforwards	5.2		—		—		5.2
Total	$	6.5	$	66.2	$	—	$	72.7

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. Deferred income tax assets and liabilities at December 31 are summarized as follows (dollars in millions):



	December 31
	2016			2015
Deferred tax assets:
Accrued liabilities	$	18.1		$	18.3
Employee benefits and compensation	45.9			32.5
Inventories	9.9			3.9
Net operating loss carryforwards	67.4			73.2
Stock options and restricted stock	11.7			10.7
Pension and postretirement benefits	136.5			148.2
Derivatives	11.5			13.7
Capital loss, general business, foreign, and AMT credit carryforwards	5.3			5.2
Gross deferred tax assets	$	306.3		$	305.7
Valuation allowance (a)	(5.2		)	(5.1		)
Net deferred tax assets	$	301.1		$	300.6

Deferred tax liabilities:
Property, plant, and equipment	$	(537.0	)	$	(545.8	)
Goodwill and intangible assets	(98.8		)	(101.8		)
Total deferred tax liabilities	$	(635.8	)	$	(647.6	)
Net deferred tax liabilities (b)	$	(334.7	)	$	(347.0	)

___________

(a)

Deferred tax assets are reduced by a valuation allowance when it is more likely than not that some portion of the deferred tax assets will not be realized. Both the 2016 and 2015 valuation allowance relates to capital losses. We do not expect to generate capital gains before the capital losses expire. If or when recognized, the tax benefits relating to the reversal of any or all of the valuation allowance would be recognized as a benefit to income tax expense.

(b)

As of December 31, 2016, we did not recognize U.S. deferred income taxes on our cumulative total of undistributed foreign earnings for our foreign subsidiaries. We indefinitely reinvest our earnings in operations outside the United States. It is not practicable to determine the amount of unrecognized deferred tax liability on these undistributed earnings because the actual tax liability, if any, is dependent on circumstances existing when the repatriation occurs.

Cash payments for federal, state, and foreign income taxes were $222.1 million, $238.3 million, and $189.5 million for the years ended December 31, 2016, 2015, and 2014, respectively.

The following table summarizes the changes related to PCA’s gross unrecognized tax benefits excluding interest and penalties (dollars in millions):



	2016			2015			2014
Balance as of January 1	$	(5.8	)	$	(4.4	)	$	(5.4	)
Increases related to prior years’ tax positions	—			(2.8		)	(1.0		)
Increases related to current year tax positions	(0.5		)	(0.4		)	(0.3		)
Decreases related to prior years' tax positions	0.1			—			0.9
Settlements with taxing authorities	0.3			0.7			0.5
Expiration of the statute of limitations	0.7			1.1			0.9
Balance at December 31	$	(5.2	)	$	(5.8	)	$	(4.4	)

At December 31, 2016, PCA had recorded a $5.2 million gross reserve for unrecognized tax benefits, excluding interest and penalties. Of the total, $3.9 million (net of the federal benefit for state taxes) would impact the effective tax rate if recognized.

PCA recognizes interest accrued related to unrecognized tax benefits and penalties as income tax expense. At December 31, 2016 and 2015, we had $1.1 million and $1.0 million of interest and penalties recorded for unrecognized tax benefits. During the next 12 months, it is reasonably possible that PCA's unrecognized tax benefits could change by approximately $2.7 million due to settlements with state taxing authorities.

PCA is subject to taxation in the United States, various state and local, and foreign jurisdictions. A federal examination of the tax years 2010 - 2012 was concluded in February 2015. A federal examination of the 2013 tax year was concluded in November 2016. The tax years 2014 - 2016 remain open to federal examination. The tax years 2012 - 2016 remain open to state examinations. Some foreign tax jurisdictions are open to examination for the 2009 tax year forward. Through the Boise acquisition, PCA recorded net operating losses and credit carryforwards from 2008 through 2011 and 2013 that are subject to examinations and adjustments for at least three years following the year in which utilized.

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill

Goodwill represents the excess of the cost of an acquired business over the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed in a business combination. At December 31, 2016 and 2015, we had $682.7 million and $488.8 million, respectively, of goodwill recorded in our Packaging segment and $55.2 million for both years in our Paper segment on our Consolidated Balance Sheets.

Changes in the carrying amount of our goodwill were as follows (dollars in millions):



	Packaging			Paper		Goodwill
Balance at January 1, 2015	$	491.6		$	55.2	$	546.8
Sale of Hexacomb Europe and Mexico (a)	(2.8		)	—		(2.8		)
Balance at December 31, 2015	488.8			55.2		544.0
Acquisitions (b)	193.9			—		193.9
Balance at December 31, 2016	$	682.7		$	55.2	$	737.9

___________


(a)	During 2015, we sold the assets of Hexacomb Europe and Mexico, a corrugated products manufacturer, for $23.0 million and reduced goodwill in our Packaging segment by $2.8 million.


(b)	In connection with the August 2016 acquisition of TimBar Corporation (TimBar), the Company recoded $157.3 million of goodwill in the Packaging segment. In November 2016, we acquired Columbus Container and recorded $36.6 million of goodwill in the Packaging segment. See Note 3, Acquisitions and Dispositions, for more information.

Intangible Assets

Intangible assets are comprised of customer relationships and trademarks and trade names.

The weighted average useful life, gross carrying amount, and accumulated amortization of our intangible assets were as follows (dollars in millions):



	As of December 31, 2016					As of December 31, 2015
	Weighted Average Remaining Useful Life (in Years)	Gross Carrying Amount		Accumulated Amortization		Weighted Average Remaining Useful Life (in Years)	Gross Carrying Amount		Accumulated Amortization
Customer relationships (c)	13.1	$	424.5	$	79.8	13.3	$	311.5	$	57.3
Trademarks and trade names (c)	10.5	27.7		8.1		12.5	21.8		5.2
Other (c)	4.3	4.2		1.4		1.2	0.2		0.2
Total intangible assets (excluding goodwill)	12.9	$	456.4	$	89.3	13.3	$	333.5	$	62.7

__________

(c)

In connection with the August 2016 acquisition of TimBar, the Company recorded intangible assets of $88.0 million for customer relationships, $4.9 million for trade names, and $1.5 million for other intangibles. In November 2016, we acquired Columbus Container, Inc. and recorded intangible assets of $25.0 million for customer relationships, $1.0 million for trade names, and $0.3 million for other intangibles. See Note 3, Acquisitions and Dispositions, for more information.

Amortization expense was $26.6 million, $22.7 million, and $22.6 million for the years ended December 31, 2016, 2015, and 2014, respectively. Estimated amortization expense of intangible assets over the next five years is expected to approximate $33.3 million (2017), $32.2 million (2018), $29.5 million (2019), $29.5 million (2020), and $28.7 million (2021).

Impairment Testing

We test goodwill for impairment annually in the fourth quarter or sooner if events or changes in circumstances indicate that the carrying value of the asset may exceed fair value. Additionally, when we experience changes to our business or operating environment, we evaluate the remaining useful lives and recoverability of our finite-lived purchased intangible assets to determine whether any adjustments to the useful lives or impairment are necessary. We completed our test in the fourth quarter and there was no indication of goodwill or intangible asset impairment.

Accrued Liabilities, Current [Abstract]

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Accrued Liabilities

12 Months Ended

Dec. 31, 2016

Accrued Liabilities

The components of accrued liabilities were as follows (dollars in millions):



	December 31,
	2016		2015
Compensation and benefits	$	120.4	$	106.4
Medical insurance and workers’ compensation	28.8		31.1
Customer volume discounts and rebates	18.9		15.3
Franchise, property, sales and use taxes	16.7		16.0
Environmental liabilities and asset retirement obligations	6.4		7.9
Severance, retention, and relocation	3.0		7.3
Other	7.0		9.5
Total	$	201.2	$	193.5

Debt

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Debt

At December 31, 2016 and 2015, our long-term debt and interest rates on that debt were as follows (dollars in millions):



	December 31, 2016				December 31, 2015
	Amount		Interest Rate		Amount		Interest Rate
Revolving Credit Facility, due August 2021	$	—	—	%	$	—	—	%
Five-Year Term Loan, due October 2018	—		—		25.0		1.80
Five-Year Term Loan, due August 2021	380.2		2.02		—		—
Seven-Year Term Loan, due October 2020	630.5		2.40		637.0		2.05
6.50% Senior Notes due March 2018	150.0		6.50		150.0		6.50
3.90% Senior Notes, net of discounts of $0.2 million and $0.3 million as of December 31, 2016 and 2015, respectively, due June 2022	399.8		3.90		399.7		3.90
4.50% Senior Notes, net of discount of $1.4 million and $1.5 million as of December 31, 2016 and 2015, respectively, due November 2023	698.6		4.50		698.5		4.50
3.65% Senior Notes, net of discount of $0.9 million and $1.0 million as of December 31, 2016 and 2015, due September 2024	399.1		3.65		399.0		3.65
Total	2,658.2		3.54		2,309.2		3.67
Less current portion	25.8		2.11		6.5		2.05
Less unamortized debt issuance costs	12.4				12.3
Total long-term debt	$	2,620.0	3.57	%	$	2,290.4	3.69	%

As of December 31, 2016, the details of our borrowings were as follows:


•	Senior Unsecured Credit Agreement. On October 18, 2013, we entered into a $1.65 billion senior unsecured credit facility. Loans bear interest at LIBOR plus a margin that is determined based upon our credit ratings. On August 29, 2016, we amended and restated our five-year credit agreement dated October 18, 2013, to finance the acquisition of TimBar Corporation. The financing consisted of:

◦

Revolving Credit Facility: An extended $350.0 million unsecured revolving credit facility with variable interest (LIBOR plus a margin) due August 2021. During 2016, we did not borrow under the Revolving Credit Facility. At December 31, 2016, we had $25.1 million of outstanding letters of credit that were considered outstanding on the revolving credit facility, resulting in $324.9 million of unused borrowing capacity. The outstanding letters of credit were primarily for workers compensation. We are required to pay commitment fees on the unused portions of the credit facility.


◦	Five-Year Term Loan: A new $385.0 million unsecured five-year term loan with variable interest (LIBOR plus 1.250%), payable quarterly, due August 2021. The balance outstanding at December 31, 2016 was $380.2 million.


◦	Seven-Year Term Loan: A $650.0 million unsecured term loan with variable interest (LIBOR plus 1.625%), payable quarterly, due October 2020. The balance outstanding at December 31, 2016 was $630.5 million.


•	6.50% Senior Notes. On March 25, 2008, we issued $150.0 million of 6.50% senior notes due March 15, 2018, through a registered public offering.


•	3.90% Senior Notes. On June 26, 2012, we issued $400.0 million of 3.90% senior notes due June 15, 2022, through a registered public offering.


•	4.50% Senior Notes. On October 22, 2013, we issued $700.0 million of 4.50% senior notes due November 1, 2023, through a registered public offering.


•	3.65% Senior Notes. On September 5, 2014, we issued $400.0 million of 3.65% senior notes due September 15, 2024, through a registered public offering.

The instruments governing our indebtedness contain financial and other covenants that limit the ability of PCA and its subsidiaries to enter into sale and leaseback transactions, incur liens, incur indebtedness at the subsidiary level, enter into certain transactions with affiliates, merge or consolidate with any other person or sell or otherwise dispose of all or substantially all of our assets. Our credit facility also requires us to comply with certain financial covenants, including maintaining a minimum interest coverage ratio and a maximum leverage ratio. A failure to comply with these restrictions could lead to an event of default, which could result in an acceleration of any outstanding indebtedness and/or prohibit us from drawing on the revolving credit facility. Such an acceleration may also constitute an event of default under the senior notes indenture. At December 31, 2016, we were in compliance with these covenants.

At December 31, 2016, we have $1,647.5 million of fixed-rate senior notes and $1,010.7 million of variable-rate term loans outstanding. At December 31, 2016, the fair value of our fixed-rate debt was estimated to be $1,717.6 million. The difference between the book value and fair value is due to the difference between the period-end market interest rate and the stated rate of our fixed-rate debt. We estimated the fair value of our fixed-rate debt using quoted market prices (Level 2 inputs), discussed further in Note 2, Summary of Significant Accounting Policies. The fair value of our variable-rate term debt approximates the carrying amount as our cost of borrowing is variable and approximates current market rates.

Repayments, Interest, and Other

In 2016, we used cash on hand to make principal payments of $25.0 million under the Five-Year Term Loan, due October 2018 (which is no longer outstanding), $4.8 million under the Five-Year Term Loan, due August 2021, and $6.5 million under the Seven-Year Term Loan, due October 2020.

In 2015, we used cash on hand to repay $40.0 million of debt outstanding under the Five-Year Term Loan, due October 2018 and $6.5 million under the Seven-Year Term Loan, due October 2020.

In 2014, we used the proceeds of our $400.0 million of 3.65% fixed-rate senior notes offering and other cash on hand to repay $591.5 million of debt outstanding under the Five-Year Term Loan, due October 2018 and Seven-Year Term Loan, due October 2020.

As of December 31, 2016, annual principal maturities for debt, excluding unamortized debt discount, are: $25.8 million for 2017; $175.8 million for 2018; $25.8 million for 2019; $630.3 million for 2020; $303.2 million for 2021; and $1.5 billion for 2022 and thereafter.

At December 31, 2016, the reference interest rate (LIBOR) for our Five-Year Term Loan, due August 2021, was 0.77% and the applicable margin was 1.250%. At December 31, 2015, the reference interest rate (LIBOR) for our Five-Year Term Loan, due October 2018, was 0.42% and the applicable margin was 1.375%. At December 31, 2016 and 2015, the reference interest rate (LIBOR) for our Seven-Year Term Loan, due October 2020, was 0.77% and 0.42%, respectively. At both December 31, 2016 and 2015, the applicable margin on our Seven-Year Term Loan, due October 2020, was 1.625%.

Interest payments and redemption premium payments paid in connection with the Company’s debt obligations for the years ended December 31, 2016, 2015, and 2014, were $88.3 million, $85.5 million, and $77.0 million, respectively.

Included in interest expense, net, are amortization of financing costs and amortization of treasury lock settlements. Amortization of treasury lock settlements was a $5.7 million net loss in 2016, 2015, and 2014. Amortization of financing costs in 2016, 2015, and 2014 was $1.9 million, $1.8 million, and $3.3 million (including $1.5 million write-off of deferred financing costs related to the September 2014 debt refinancing), respectively.

Employee Benefit Plans and Other Postretirement Plans

12 Months Ended

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans and Other Postretirement Plans

Employee Benefit Plans and Other Postretirement Benefits

PCA has defined pension benefit plans for both salaried and hourly employees. The plans covering salaried employees are closed to new entrants with only certain current active participants still accruing benefits. The plans covering certain hourly employees are closed to new participants. We also have a Supplemental Executive Retirement Plan (SERP) and other nonqualified defined benefit pension plans that provide unfunded supplemental retirement benefits to certain of our executives and former executives. The SERP provides for incremental pension benefits in excess of those offered in our principal pension plans.

Other Postretirement Benefits

PCA provides postretirement medical benefits for certain salaried employees and postretirement medical and life insurance benefits for certain hourly employees. For salaried employees, the plan covers employees retiring from PCA on or after attaining age 58 who have had at least 10 years of full-time service with PCA after attaining age 48. In April 2016, the Company provided notice to eligible participants that the Salaried Retiree Medical Plan would be frozen as of December 31, 2016. As a result of the freeze, eligible plan participants who did not retire and elect coverage before December 31, 2016 would lose benefits attributable to service already rendered. In accordance with Accounting Standards Codification (ASC) 715, "Compensation--Retirement Benefits", the Company remeasured the Salaried Retiree Medical Plan benefit obligation using current assumptions, resulting in a decrease in the benefit obligation of $5.1 million with a corresponding increase in accumulated other comprehensive income of $3.1 million and deferred income taxes of $2.0 million.

Obligations and Funded Status of Defined Benefit Pension and Other Postretirement Benefits Plans

The funded status of PCA's plans change from year to year based on the plan asset investment return, contributions, benefit payments, the discount rate used to measure the liability, and expected participant longevity. The following table, which includes only company-sponsored defined benefit and other postretirement benefit plans, reconciles the beginning and ending balances of the projected benefit obligation and the fair value of plan assets. We recognize the unfunded status of these plans on the Consolidated Balance Sheets, and we recognize changes in funded status in the year changes occur through the Consolidated Statements of Comprehensive Income (dollars in millions):



	Pension Plans						Postretirement Plans
	Year Ended December 31						Year Ended December 31
	2016			2015			2016			2015
Change in Benefit Obligation
Benefit obligation at beginning of period	$	1,092.5		$	1,129.6		$	21.4		$	31.9
Service cost	24.5			24.0			0.5			1.7
Interest cost	40.9			46.2			0.6			1.2
Plan amendments	1.8			3.0			(5.3		)	—
Actuarial (gain) loss (a)	35.3			(75.7		)	3.7			(11.4		)
Participant contributions	—			—			1.3			1.2
Benefits paid	(36.6		)	(34.6		)	(2.7		)	(3.2		)
Benefit obligation at plan year end	$	1,158.4		$	1,092.5		$	19.5		$	21.4
Accumulated benefit obligation portion of above	$	1,116.6		$	1,048.5

Change in Fair Value of Plan Assets
Plan assets at fair value at beginning of period	$	764.4		$	805.9		$	—		$	—
Actual return on plan assets	44.4			(8.1		)	—			—
Company contributions	58.2			1.2			1.4			2.0
Participant contributions	—			—			1.3			1.2
Benefits paid	(36.6		)	(34.6		)	(2.7		)	(3.2		)
Fair value of plan assets at plan year end	$	830.4		$	764.4		$	—		$	—

Underfunded status	$	(328.0	)	$	(328.1	)	$	(19.5	)	$	(21.4	)

Amounts Recognized on Consolidated Balance Sheets
Current liabilities	$	(1.3	)	$	(0.9	)	$	(1.2	)	$	(1.1	)
Noncurrent liabilities	(326.7		)	(327.2		)	(18.3		)	(20.3		)
Accrued obligation recognized at December 31	$	(328.0	)	$	(328.1	)	$	(19.5	)	$	(21.4	)
Amounts Recognized in Accumulated Other Comprehensive (Income) Loss (Pre-Tax)
Prior service cost (credit)	$	21.1		$	25.1		$	(5.0	)	$	0.2
Actuarial loss (gain)	183.9			149.4			(1.9		)	(6.0		)
Total	$	205.0		$	174.5		$	(6.9	)	$	(5.8	)

___________

(a)

The actuarial loss in 2016 was due primarily to a decrease in the weighted average discount rate used to estimate our pension benefit obligations, and updated mortality assumptions from the Society of Actuaries. In 2015, the increase in the weighted average discount rate used to estimate our pension benefit obligations and changes in mortality assumptions from the Society of Actuaries resulted in an actuarial gain.

Components of Net Periodic Benefit Cost and Other Comprehensive (Income) Loss

The components of net periodic benefit cost and other comprehensive (income) loss (pretax) were as follows (dollars in millions):



	Pension Plans									Postretirement Plans
	Year Ended December 31									Year Ended December 31
	2016			2015			2014			2016			2015			2014
Service cost	$	24.5		$	24.0		$	22.7		$	0.5		$	1.7		$	1.6
Interest cost	40.9			46.2			45.9			0.6			1.2			1.2
Expected return on plan assets	(49.5		)	(53.1		)	(50.7		)	—			—			—
Special termination benefits	—			—			0.3			—			—			—
Net amortization of unrecognized amounts
Prior service cost (credit)	5.7			5.5			6.5			(0.1		)	0.1			(0.2		)
Actuarial loss	5.8			8.7			0.6			(0.4		)	0.1			0.1
Net periodic benefit cost	$	27.4		$	31.3		$	25.3		$	0.6		$	3.1		$	2.7

Changes in plan assets and benefit obligations recognized in other comprehensive (income) loss
Actuarial net (gain) loss	$	40.4		$	(14.5	)	$	146.4		$	3.6		$	(11.4	)	$	4.2
Prior service cost (credit)	1.8			3.0			2.6			(5.3		)	—			—
Amortization of prior service cost	(5.7		)	(5.5		)	(6.5		)	(0.3		)	(0.1		)	0.2
Amortization of actuarial loss	(5.8		)	(8.7		)	(0.6		)	0.8			(0.1		)	(0.1		)
Total recognized in other comprehensive (income) loss (a)	30.7			(25.7		)	141.9			(1.2		)	(11.6		)	4.3
Total recognized in net periodic benefit cost and other comprehensive (income) loss - pretax	$	58.1		$	5.6		$	167.2		$	(0.6	)	$	(8.5	)	$	7.0

___________

(a)

Accumulated losses in excess of 10% of the greater of the projected benefit obligation or the market-related value of assets will be recognized on a straight-line basis over the average remaining service period of active employees in PCA plans (which is between seven to ten years) and over average remaining lifetime of inactive participants of Boise plans (which is between 26 and 29 years), to the extent that losses are not offset by gains in subsequent years. The estimated net loss and prior service cost that will be amortized from "Accumulated other comprehensive loss" into net periodic benefit in 2017 is $12.7 million.

The accumulated benefit obligations for the plans with obligations in excess of plan assets, is $1.0 billion.

Assumptions

The following table presents the assumptions used in the measurement of our benefits obligations:



	Pension Plans			Postretirement Plans
	December 31			December 31
	2016	2015	2014	2016	2015	2014
Weighted-Average Assumptions Used to Determine Benefit Obligations at December 31
Discount rate	4.24%	4.51%	4.14%	3.91%	4.35%	3.95%
Rate of compensation increase	4.00%	4.00%	4.00%	N/A	N/A	N/A
Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost for the Years Ended December 31
Discount rate	4.49%	4.14%	5.00%	4.17%	3.95%	4.85%
Expected return on plan assets	6.57%	6.73%	6.69%	N/A	N/A	N/A
Rate of compensation increase	4.00%	4.00%	4.00%	N/A	N/A	N/A

Discount Rate Assumption. The discount rate reflects the current rate at which the pension obligations could be settled on the measurement date: December 31. The discount rate assumption used to calculate the present value of pension and postretirement benefit obligations reflects the rates available on high-quality, fixed-income debt instruments on December 31. In all periods, the bonds included in the models reflect anticipated investments that would be made to match the expected monthly benefit payments over time. The plans' projected cash flows were duration-matched to these models to develop an appropriate discount rate.

Beginning in 2016, we refined the method used to determine the service and interest cost components of our net periodic benefit cost. Previously, the cost was determined using a single weighted-average discount rate derived from the yield curve. Under the refined method, known as the spot rate approach, we will use individual spot rates along the yield curve that correspond with the timing of each benefit payment. We believe this change provides a more precise measurement of service and interest costs by improving the correlation between projected cash outflows and corresponding spot rates on the yield curve.

Asset Return Assumption. The expected return on plan assets reflects the expected long-term rates of return for the categories of investments currently held in the plans as well as anticipated returns for additional contributions made in the future. The expected long-term rate of return is adjusted when there are fundamental changes in expected returns on the plan investments. The weighted-average expected return on plan assets we will use in our calculation of 2017 net periodic pension benefit cost is 6.55%.

Rate of Compensation Increase. The rate of compensation increase is determined by PCA based upon annual reviews. The compensation increase assumption is not applicable for all plans as many of our pension plans are frozen and not accruing benefits.

Health Care Cost Trend Rate Assumptions. PCA assumed health care cost trend rates for its postretirement benefits plans were as follows:



	2016	2015	2014
Health care cost trend rate assumed for next year	7.35%	7.60%	7.75%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	4.50%	4.50%	5.00%
Year that the rate reaches the ultimate trend rate	2025	2024	2023

Postretirement Health Care Plan Assumptions. For postretirement health care plan accounting, PCA reviews external data and its own historical trends for health care costs to determine the health care cost trend rate assumption.

A one-percentage point change in assumed health care cost trend rates would have the following effects on the 2016 postretirement benefit obligation and the 2016 net post retirement benefit cost (dollars in millions):



	1-Percentage Point Increase		1-Percentage Point Decrease
Effect on postretirement benefit obligation	$	1.0	$	(0.9	)
Effect on net postretirement benefit cost	0.1		(0.1		)

Investment Policies and Strategies

PCA has retained the services of professional advisors to oversee pension investments and provide recommendations regarding investment strategy. PCA’s overall strategy and related apportionments between equity and debt securities may change from time to time based on market conditions, external economic factors, and the funded status of the plans. The general investment objective for all of our plan assets is to optimize growth of the pension plan trust assets, while minimizing the risk of significant losses to enable the plans to satisfy their benefit payment obligations over time. The objectives take into account the long-term nature of the benefit obligations, the liquidity needs of the plans, and the expected risk/return trade-offs of the asset classes in which the plans may choose to invest. Assets of our pension plans were invested in the following classes of securities at December 31, 2016 and 2015:



	Percentage of Fair Value
	2016		2015
Fixed income securities	54	%	55	%
International equity securities	23		22
Domestic equity securities	21		20
Real estate securities	1		1
Other	1		2

At December 31, 2016, the targeted investment allocations differed between the acquired Boise plans and PCA's historical plans based on funded status. At December 31, 2016, PCA's historical plans, which comprised $328.6 million of the fair value of plan assets, targeted 44% invested in equities, 53% invested in bonds, and 3% in other, whereas the Boise plans, which comprised $501.8 million of the total fair value of plan assets, targeted 45% in equities and 55% in bonds. Our retirement committee reviews the investment allocations for reasonableness at a minimum, semi-annually.

Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility risk, all of which are subject to change. Due to the level of risk associated with some investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term, and such changes could materially affect the reported amounts.

Fair Value Measurements of Plan Assets

The following tables set forth, by level within the fair value hierarchy, discussed in Note 2, Summary of Significant Accounting Policies, the pension plan assets, by major asset category, at fair value at December 31, 2016 and 2015 (dollars in millions):



	Fair Value Measurements at December 31, 2016
Asset Category	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Short-term investments (a)	$	—	$	1.5	$	—	$	1.5
Mutual funds (b):
Domestic equities	65.7		—		—		65.7
International equities	68.7		—		—		68.7
Real estate	9.6		—		—		9.6
Fixed income	108.4		64.8		—		173.2
Common/collective trust funds (a):
Domestic equities	—		107.9		—		107.9
International equities	—		124.5		—		124.5
Fixed income	—		271.6		—		271.6
Private equity securities (c)	—		—		5.7		5.7
Total securities at fair value	$	252.4	$	570.3	$	5.7	$	828.4
Receivables and accrued expenses							2.0
Total fair value of plan assets							$	830.4



	Fair Value Measurements at December 31, 2015
Asset Category	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Short-term investments (a)	$	—	$	4.1	$	—	$	4.1
Mutual funds (b):
Domestic equities	47.1		—		—		47.1
International equities	50.7		—		—		50.7
Real estate	8.5		—		—		8.5
Fixed income	156.5		—		—		156.5
Common/collective trust funds (a):
Domestic equities	—		104.4		—		104.4
International equities	—		121.6		—		121.6
Fixed income	—		263.0		—		263.0
Private equity securities (c)	—		—		6.4		6.4
Total securities at fair value	$	262.8	$	493.1	$	6.4	$	762.3
Receivables and accrued expenses							2.1
Total fair value of plan assets							$	764.4

____________

(a)

Investments in common/collective trust funds valued using net asset values (NAV) provided by the administrator of the funds. The NAV is based on the value of the underlying assets owned by the fund, minus its liabilities, and then divided by the number of units outstanding. While the underlying assets are actively traded on an exchange, the funds are not. There are currently no redemption restrictions on these investments. There are certain funds with one-day redeemable notice.


(b)	Investments in mutual funds valued at quoted market values on the last business day of the fiscal year.

(c)

Investments in this category are invested in the Pantheon Global Secondary Fund IV, LP. The fund specializes in investments in the private equity secondary market and occasionally directly in private companies to maximize capital growth. Fund investments are carried at fair value as determined quarterly using the market approach to estimate the fair value of private investments. The market approach utilizes prices and other relevant information generated by market transactions, type of security, size of the position, degree of liquidity, restrictions on the disposition, latest round of financing data, current financial position, and operating results, among other factors. In circumstances where fair values are not provided with respect to any of the company's fund investments, the investment advisor will seek to determine the fair value of such investments based on information provided by the general partners or managers of such funds or from other sources. Audited financial statements are provided by fund management annually. Notwithstanding the above, the variety of valuation bases adopted and quality of management data of the ultimate underlying investee companies means that there are inherent difficulties in determining the value of the investments. Amounts realized on the sale of these investments may differ from the calculated values. Boise had originally committed to a $15.0 million investment, with $5.0 million of the commitment unfunded at December 31, 2016.

The following table sets forth a summary of changes in the fair value of the pension plans' Level 3 assets for the year ended December 31, 2016 (dollars in millions):



	2016
Balance, beginning of year	$	6.4
Sales	(0.7		)
Balance, end of year	$	5.7

Funding and Cash Flows

PCA makes pension plan contributions that are sufficient to fund its actuarially determined costs, generally equal to the minimum amounts required by the Employee Retirement Income Security Act (ERISA). From time to time, PCA may make discretionary contributions based on the funded status of the plans, tax deductibility, income from operations, and other factors. In 2016, we made contributions of $57.1 million to our qualified pension plans. In 2015, we did not make contributions to our qualified pension plans. In 2014, we contributed $0.4 million to our qualified pension plans. We expect to contribute at least the estimated required minimum contributions to our qualified pension plans of approximately $8.0 million in 2017.

The following are estimated benefit payments to be paid to current plan participants by year (dollars in millions). Qualified pension benefit payments are paid from plan assets, while nonqualified pension benefit payments are paid by the Company.



	Pension Plans		Postretirement Plans
2017	$	41.1	$	1.2
2018	45.0		1.3
2019	48.9		1.3
2020	52.6		1.4
2021	56.2		1.3
2021 - 2025	327.7		6.1

Defined Contribution Plans

Some of our employees participate in contributory defined contribution savings plans, available to most of our salaried and hourly employees. The defined contribution plans permit participants to make contributions by salary reduction pursuant to Section 401(k) of the Code. PCA made employer-matching contributions of $40.4 million, $37.9 million, and $28.3 million in 2016, 2015, and 2014, respectively. In 2015 and 2014, Company matching contributions to certain full-time salaried employees were made in company stock, through our Employee Stock Ownership Plan (ESOP). All other matching contributions were in cash. Beginning in 2016, all company-matching contributions to all employees were made in cash. We expense employer matching contributions and charge dividends on shares held by the ESOP to retained earnings. Shares of company stock held by the ESOP are included in basic shares for earnings-per-share computations. At both December 31, 2016 and 2015, the ESOP held 2.2 million shares of company stock.

Certain salaried and hourly employees that are not participating in a PCA sponsored defined benefit pension plan receive a service-related company retirement contribution to their defined contribution plan account in addition to any employer matching contribution. This contribution increases with years of service and ranges from 3% to 5% of base pay. We contributed $14.9 million, $12.4 million, and $7.4 million for this retirement contribution during the years ended December 31, 2016, 2015, and 2014, respectively.

Deferred Compensation Plans

Key managers can elect to participate in a deferred compensation plan. The deferred compensation plan is unfunded; therefore, benefits are paid from our general assets. At December 31, 2016 and 2015, we had $13.7 million and $12.8 million, respectively, of liabilities attributable to participation in our deferred compensation plan on our Consolidated Balance Sheets.

Asset Retirement Obligations

12 Months Ended

Dec. 31, 2016

Asset Retirement Obligation [Abstract]

Asset Retirement Obligations

Our asset retirement obligations relate predominantly to landfill closure, wastewater treatment pond dredging, closed-site monitoring costs, and certain leasehold improvements. In accordance with ASC 410, "Asset Retirement and Environmental Obligations," we recognize the fair value of these liabilities as an asset retirement obligation and capitalize that cost as part of the cost basis of the related asset in the period in which the costs are incurred if sufficient information is available to reasonably estimate the fair value of the obligation. Fair value estimates are determined using Level 3 inputs in the fair value hierarchy. The fair value of our asset retirement obligations is measured using expected future cash outflows discounted using the company's credit-adjusted risk-free interest rate. Over time, the liability is accreted to its settlement value, and the capitalized cost is depreciated over the useful life of the related asset. These liabilities are based on the best estimate of costs and are updated periodically to reflect current technology, laws and regulations, inflation, and other economic factors. Occasionally, we become aware of events or circumstances that require us to revise our future estimated cash flows. When revisions become necessary, we recalculate our obligation and adjust our asset and liability accounts utilizing appropriate discount rates. No assets are legally restricted for purposes of settling asset retirement obligations. Upon settlement of the liability, we will recognize a gain or loss for any difference between the settlement amount and the liability recorded.

The following table describes changes to the asset retirement obligation liability (dollars in millions):



	Year Ended December 31
	2016			2015
Asset retirement obligation at beginning of period	$	26.2		$	37.0
Accretion expense	2.3			2.1
Payments	(2.2		)	(1.6		)
Revisions in estimated cash flows	1.2			0.2
Liabilities incurred	0.5			(0.3		)
Sale of St. Helens (a)	—			(11.2		)
Asset retirement obligation at end of period	$	28.0		$	26.2

_______


(a)	In September 2015, we sold the remaining land, buildings, and equipment at our paper mill site in St. Helens, Oregon where we ceased paper production in December 2012. We recorded a $6.7 million gain on the sale. In connection with the sale, we eliminated $11.2 million of asset retirement obligations that were assumed by the buyer.

We have additional asset retirement obligations with indeterminate settlement dates. The fair value of these asset retirement obligations cannot be estimated due to the lack of sufficient information to estimate the settlement dates of the obligations. These asset retirement obligations include, for example, (i) removal and disposal of potentially hazardous materials related to equipment and/or an operating facility if the equipment and/or facilities were to undergo major maintenance, renovation, or demolition and (ii) storage sites or owned facilities for which removal and/or disposal of chemicals and other related materials are required if the operating facility is closed. We will recognize a liability in the period in which sufficient information becomes available to reasonably estimate the fair value of these obligations.

Share-Based Compensation

12 Months Ended

Dec. 31, 2016

Share-based Compensation [Abstract]

Share-Based Compensation

The Company has a long-term equity incentive plan, which allows for grants of stock options, stock appreciation rights, restricted stock, and performance awards to directors, officers, and employees, as well as others who engage in services for PCA. The plan, as amended, terminates May 1, 2023, and authorizes 10.6 million shares of common stock for grant over the life of the plan. As of December 31, 2016, 1.2 million shares remained available for future issuance under the plan. Forfeitures are added back to the pool of shares of common stock available to be granted at a future date.

Restricted Stock

Restricted stock awards granted to officers and employees generally vest at the end of a four-year period, and restricted stock awards granted to directors vest immediately. The fair value of restricted stock is determined based on the closing price of the Company’s stock on the grant date. A summary of the Company’s restricted stock activity follows:



	2016				2015				2014
	Shares		Weighted Average Grant- Date Fair Value		Shares		Weighted Average Grant- Date Fair Value		Shares		Weighted Average Grant- Date Fair Value
Restricted stock at January 1	1,007,794		$	49.47	1,184,299		$	41.71	1,463,694		$	31.48
Granted	242,835		67.48		218,957		65.16		229,489		70.24
Vested (a)	(443,627	)	34.11		(389,481	)	32.77		(507,222	)	26.29
Forfeitures	(20,923	)	59.63		(5,981	)	66.42		(1,662	)	61.05
Restricted stock at December 31	786,079		$	63.44	1,007,794		$	49.47	1,184,299		$	41.71

___________


(a)	The total fair value of awards upon vesting for the years ended December 31, 2016, 2015, and 2014 was $28.8 million, $26.3 million, and $36.4 million, respectively.

Performance Units

Performance award units granted to certain key employees vest four years after the grant date based on the achievement of defined performance rankings compared to a peer group. The performance units are paid out entirely in shares of the Company’s common stock. The awards are valued at the closing price of the Company’s stock on the grant date and expensed over the requisite service period based on the most probable number of awards expected to vest.



	2016				2015				2014
	Units		Weighted Average Grant- Date Fair Value		Units		Weighted Average Grant- Date Fair Value		Units	Weighted Average Grant-Date Fair Value
Performance units at January 1	175,675		$	59.94	127,489		$	58.25	70,600	$	47.83
Granted	77,017		67.57		53,102		65.04		56,889	71.19
Vested (a)	(20,604	)	57.58		(4,916	)	71.19		—	—
Performance units at December 31	232,088		$	62.68	175,675		$	59.94	127,489	$	58.25

___________


(a)	The total fair value of awards upon vesting for the year ended December 31, 2016 was $1.1 million. Upon vesting of the awards, PCA issued 21,111 shares of its common stock, which included 507 shares for dividends accrued during the vesting period.

Compensation Expense

Our share-based compensation expense is recorded in "Selling, general, and administrative expenses." Compensation expense for share-based awards recognized in the Consolidated Statements of Income, net of forfeitures was as follows (dollars in millions):



	Year Ended December 31
	2016			2015			2014
Restricted stock	$	15.8		$	15.2		$	13.8
Performance units	3.9			3.0			1.8
Impact on income before income taxes	19.7			18.2			15.6
Income tax benefit	(7.7		)	(7.1		)	(6.1		)
Impact on net income	$	12.0		$	11.1		$	9.5

The fair value of restricted stock and performance units is determined based on the closing price of the Company’s common stock on the grant date. As PCA’s Board of Directors has the ability to accelerate vesting of share-based awards upon an employee’s retirement, the Company accelerates the recognition of compensation expense for certain employees approaching normal retirement age.

The unrecognized compensation expense for all share-based awards was as follows (dollars in millions):



	December 31, 2016
	Unrecognized Compensation Expense		Remaining Weighted Average Recognition Period (in years)
Restricted stock	$	27.1	2.7
Performance units	8.1		2.8
Total unrecognized share-based compensation expense	$	35.2	2.7

We evaluate share-based compensation expense on a quarterly basis based on our estimate of expected forfeitures, review of recent forfeiture activity, and expected future turnover. We recognize the effect of adjusting the forfeiture rate for all expense amortization in the period that we change the forfeiture estimate. The effect of forfeiture adjustments was insignificant in all periods presented.

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details

Derivative Instruments and Hedging Activities

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities

Hedging Strategy

When appropriate, we use derivatives as a risk management tool to mitigate the potential impact of certain market risks. The primary risks managed by using derivative financial instruments are interest rate risks. We do not enter into derivative financial instruments for trading or speculative purposes.

Interest Rate Risk

The Company has used treasury lock derivative instruments to manage interest costs and the risk associated with changing interest rates. In connection with contemplated issuances of ten-year debt securities, PCA entered into interest rate protection agreements with counterparties in 2008, 2010, and 2011 to protect against increases in the ten-year U.S. Treasury Note rate. These treasury rates served as references in determining the interest rates applicable to the debt securities the Company issued in March 2008, February 2011, and June 2012. As a result of changes in the interest rates on those treasury securities between the time PCA entered into the derivative agreements and the time PCA priced and issued the debt securities, the Company: (1) made a payment of $4.4 million to the counterparty upon settlement of the 2008 interest rate protection agreement on March 25, 2008; (2) received a payment of $9.9 million from the counterparties upon settlement of the 2010 interest rate protection agreements on February 4, 2011; and (3) made a payment of $65.5 million to the counterparty upon settlement of the 2011 interest rate protection agreement on June 26, 2012. The Company recorded the effective portion of the settlements in AOCI, and these amounts are being amortized over the terms of the respective notes.

Derivative Instruments

The impact of derivative instruments on the consolidated statements of income and accumulated OCI was as follows (dollars in millions):



	Net Loss Recognized in Accumulated OCI (Effective Portion) December 31
	2016			2015
Treasury locks, net of tax	$	(17.7	)	$	(21.2	)



	Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Year Ended December 31
	2016			2015			2014
Amortization of treasury locks (included in interest expense, net)	$	(5.7	)	$	(5.7	)	$	(5.7	)

The net amount of settlement gains or losses on derivative instruments included in accumulated OCI to be amortized over the next 12 months is a net loss of $5.7 million ($3.5 million after-tax).

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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Stockholders' Equity

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Stockholders' Equity

Dividends

During the year ended December 31, 2016, we paid $216.1 million of dividends to shareholders. On December 13, 2016, PCA's Board of Directors approved a regular quarterly cash dividend of $0.63 per share, which was paid on January 13, 2017, to shareholders of record as of December 23, 2016. The dividend payment was $59.4 million.

On August 31, 2016, PCA announced an increase of its quarterly cash dividend on its common stock from an annual payout of $2.20 per share to an annual payout of $2.52 per share. The first quarterly dividend of $0.63 per share was paid on October 14, 2016 to shareholders of record as of September 15, 2016.

Share Repurchase Program

On February 25, 2016, PCA announced that its Board of Directors authorized the repurchase of $200.0 million of the Company's outstanding common stock. At the time of the announcement, there was no remaining authority under previously announced programs. Repurchases may be made from time to time in open market or privately negotiated transactions in accordance with applicable securities regulations. The timing and amount of repurchases will be determined by the company in its discretion based on factors such as PCA’s stock price and market and business conditions.

Share repurchase activity follows (in millions, except share and per share amounts).



	Shares	Weighted Average Price Per Share		Total
2015	2,326,493	$	66.50	$	154.7
2016	1,987,187	$	50.49	$	100.3

All shares repurchased have been retired. At December 31, 2016, $193.0 million of the authorized amount remained available for repurchase of the Company's common stock.

Accumulated Other Comprehensive Income (Loss)

Changes in AOCI, net of taxes, by component follows (dollars in millions). Amounts in parentheses indicate losses.



	Unrealized Loss On Treasury Locks, Net			Unrealized Loss on Foreign Exchange Contracts			Unfunded Employee Benefit Obligations			Total
Balance at December 31, 2015	$	(21.2	)	$	(0.4	)	$	(103.3	)	$	(124.9	)
Other comprehensive income (loss) before reclassifications, net of tax	—			—			(24.9		)	(24.9		)
Amounts reclassified from AOCI, net of tax	3.5			—			6.7			10.2
Net current-period other comprehensive income (loss)	3.5			—			(18.2		)	(14.7		)
Balance at December 31, 2016	$	(17.7	)	$	(0.4	)	$	(121.5	)	$	(139.6	)

The following table presents information about reclassifications out of AOCI (dollars in millions). Amounts in parentheses indicate expenses in the Consolidated Statements of Income.



	Amounts Reclassified from AOCI Year Ended December 31
Details about AOCI Components	2016			2015			Affected Line Item in the Statement Where Net Income is Presented
Foreign currency translation adjustments	$	—		$	(4.2	)	Other expense, net
	—			—			Tax benefit
	$	—		$	(4.2	)	Net of tax

Unrealized loss on treasury locks, net	$	(5.7	)	$	(5.7	)	See (a) below
	2.2			2.2			Tax benefit
	$	(3.5	)	$	(3.5	)	Net of tax

Unfunded employee benefit obligations
Amortization of prior service costs	$	(5.5	)	$	(5.6	)	See (b) below
Amortization of actuarial gains / (losses)	(5.4		)	(8.8		)	See (b) below
	(10.9		)	(14.4		)	Total before tax
	4.2			5.6			Tax benefit
	$	(6.7	)	$	(8.8	)	Net of tax

____________

(a)

This AOCI component is included in interest expense, net. Amount relates to the amortization of the effective portion of treasury lock derivative instruments recorded in AOCI. The net amount of settlement gains or losses on derivative instruments included in AOCI to be amortized over the next 12 months is a net loss of $5.7 million ($3.5 million after-tax). For a discussion of treasury lock derivative instrument activity, see Note 13, Derivative Instruments and Hedging Activities, for additional information.


(b)	These AOCI components are included in the computation of net pension and postretirement benefit costs. See Note 10, Employee Benefit Plans and Other Postretirement Benefits, for additional information.

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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Concentrations of Risk	12 Months Ended
Concentrations of Risk	Dec. 31, 2016
Risks and Uncertainties [Abstract]
Concentration of Risk	Concentrations of Risk Our Paper segment has had a long-standing commercial and contractual relationship with Office Depot, our largest customer in the paper business. This relationship exposes us to a significant concentration of business and financial risk. Our sales to Office Depot represented 8% and 9% of our total company sales for 2016 and 2015, respectively, and about 42% and 45% of our Paper segment sales revenue for those periods, respectively. At December 31, 2016 and 2015, we had $31.8 million and $39.5 million of accounts receivable due from Office Depot, respectively, which represents 5% and 6% of our total company receivables, respectively. In 2016, sales to Office Depot represented 42% of our Paper segment sales. If these sales are reduced, we would need to find new customers. We may not be able to fully replace any lost sales, and any new sales may be at lower prices or higher costs. Any significant deterioration in the financial condition of Office Depot affecting its ability to pay or any other change that affects its willingness to purchase our products will harm our business and results of operations. During the second quarter of 2016, Office Depot and Staples terminated their merger agreement, and the acquisition of Office Depot by Staples was not completed. We continue to do business in the ordinary course with Office Depot. Labor At December 31, 2016, we had approximately 14,000 employees and approximately 50% of these employees worked pursuant to collective bargaining agreements. Approximately 70% of our hourly employees are represented by unions. The majority of our unionized employees are represented by the United Steel Workers (USW), the International Brotherhood of Teamsters (IBT), the International Association of Machinists (IAM), and the Association of Western Pulp and Paper Workers (AWPPW). Approximately 20% of our employees work pursuant to collective bargaining agreements that will expire within the next twelve months.

Transactions With Related Parties	12 Months Ended
Transactions With Related Parties	Dec. 31, 2016
Related Party Transactions [Abstract]
Transactions With Related Parties	Transactions With Related Parties Louisiana Timber Procurement Company, L.L.C. (LTP) is a variable-interest entity that is 50% owned by PCA and 50% owned by Boise Cascade Company (Boise Cascade). LTP procures sawtimber, pulpwood, residual chips, and other residual wood fiber to meet the wood and fiber requirements of PCA and Boise Cascade in Louisiana. PCA is the primary beneficiary of LTP, and has the power to direct the activities that most significantly affect the economic performance of LTP. Therefore, we consolidate 100% of LTP in our financial statements in our Corporate and Other segment. The carrying amounts of LTP's assets and liabilities (which relate primarily to non-inventory working capital items) on our Consolidated Balance Sheets were both $5.0 million at December 31, 2016, and $4.5 million at December 31, 2015. For 2016, 2015, and 2014, we recorded $86.9 million, $88.8 million, and $75.8 million, respectively, of LTP sales to Boise Cascade in "Net Sales" in the Consolidated Statements of Income and approximately the same amount of expenses in "Cost of Sales". For 2016, 2015, and 2014, fiber purchases from related parties were $17.2 million, $20.7 million, and $28.7 million, respectively. Most of these purchases related to chip and log purchases by LTP from Boise Cascade's wood products business. These purchases are recorded in "Cost of Sales" in the Consolidated Statements of Income.

Segment Information

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment Information

We report our business in three reportable segments: Packaging, Paper, and Corporate and Other. These segments represent distinct businesses that are managed separately because of differing products and services. Each of these businesses require distinct operating and marketing strategies.

Packaging. We manufacture and sell a wide variety of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods, multi-color boxes and displays with strong visual appeal that help to merchandise the packaged product in retail locations. In addition, we are a large producer of packaging for meat, fresh fruit and vegetables, processed food, beverages, and other industrial and consumer products.

Paper. We manufacture and sell a range of white papers, including communication papers, and pressure sensitive papers, and market pulp. Our white papers can be manufactured as either commodity papers or specialty papers with specialized or custom features, such as colors, coatings, high brightness, or recycled content. We ship to customers both directly from our mills and through distribution centers. In 2016, our sales to Office Depot, our largest Paper segment customer, represented 42% of our Paper segment sales revenue. Sales for market pulp decreased in 2016 as we ceased softwood market pulp operations at our Wallula, Washington mill with the permanent shutdown of the No.1 machine.

Corporate and Other. Our Corporate and Other segment includes corporate support staff services and related assets and liabilities, and foreign exchange gains and losses. This segment also includes transportation assets, such as rail cars and trucks, which we use to transport our products from some of our manufacturing sites and assets related to LTP. See Note 16, Transactions With Related Parties, for more information related to LTP. Sales in this segment relate primarily to LTP and our rail and truck business. We provide transportation services not only to our own facilities but also, on a limited basis, to third parties when geographic proximity and logistics are favorable. Rail cars and trucks are generally leased.

Each segments' profits and losses are measured on operating profits before interest expense and interest income. For many of these allocated expenses, the related assets and liabilities remain in the Corporate and Other segment.

Segment sales to external customers by product line were as follows (dollars in millions):



	Year Ended December 31
	2016		2015		2014
Packaging sales	$	4,584.8	$	4,477.3	$	4,540.3

Paper sales
White papers	1,065.8		1,089.6		1,138.5
Market pulp	28.1		53.5		62.9
	1,093.9		1,143.1		1,201.4
Corporate and Other	100.3		121.3		110.9
	$	5,779.0	$	5,741.7	$	5,852.6

Sales to foreign unaffiliated customers during the years ended December 31, 2016, 2015, and 2014 were $289.5 million, $177.2 million, and $378.8 million, respectively. At December 31, 2016 and 2015, we did not have significant long-lived assets held by foreign operations. At December 31, 2014, the net carrying value of long-lived assets held by foreign operations, all of which were in our Packaging segment, was $12.4 million. The sales to foreign unaffiliated customers and the net carrying value of long-lived assets held by foreign operations decreased in 2015 as we completed the sale of our Hexacomb corrugated manufacturing operations in Europe and Mexico on April 1, 2015.

An analysis of operations by reportable segment is as follows (dollars in millions):



	Sales, net								Operating Income (Loss)				Depreciation, Amortization, and Depletion		Capital Expenditures (j)		Assets
Year Ended December 31, 2016	Trade		Inter- segment			Total			Operating Income (Loss)				Depreciation, Amortization, and Depletion		Capital Expenditures (j)		Assets
Packaging	$	4,577.4	$	7.4		$	4,584.8		$	711.1		(a)	$	293.3	$	239.9	$	4,530.5
Paper	1,093.9		—			1,093.9			138.1			(b)	59.6		31.6		946.2
Corporate and Other	107.7		139.2			246.9			(68.9		)	(c)	5.1		2.8		300.3
Intersegment eliminations	—		(146.6		)	(146.6		)	—				—		—		—
	$	5,779.0	$	—		$	5,779.0		780.3				$	358.0	$	274.3	$	5,777.0
Interest expense, net									(91.8		)
Income before taxes									$	688.5



	Sales, net								Operating Income (Loss)				Depreciation, Amortization, and Depletion		Capital Expenditures (j)		Assets
Year Ended December 31, 2015	Trade		Inter- segment			Total			Operating Income (Loss)				Depreciation, Amortization, and Depletion		Capital Expenditures (j)		Assets
Packaging	$	4,474.1	$	3.2		$	4,477.3		$	714.9		(d)	$	297.3	$	250.3	$	4,027.9
Paper	1,143.1		—			1,143.1			112.5			(e)	54.9		58.5		976.5
Corporate and Other	124.5		133.8			258.3			(77.4		)	(f)	4.3		5.7		267.9
Intersegment eliminations	—		(137.0		)	(137.0		)	—				—		—		—
	$	5,741.7	$	—		$	5,741.7		750.0				$	356.5	$	314.5	$	5,272.3
Interest expense, net									(85.5		)
Income before taxes									$	664.5



	Sales, net								Operating Income (Loss)				Depreciation, Amortization, and Depletion		Capital Expenditures (j)		Assets
Year Ended December 31, 2014	Trade		Inter- segment			Total			Operating Income (Loss)				Depreciation, Amortization, and Depletion		Capital Expenditures (j)		Assets
Packaging	$	4,534.5	$	5.8		$	4,540.3		$	663.2		(g)	$	323.0	$	362.1	$	4,105.3
Paper	1,201.4		—			1,201.4			135.4				50.6		51.7		968.6
Corporate and Other	116.7		144.9			261.6			(95.9		)	(h)	7.4		6.4		184.8
Intersegment eliminations	—		(150.7		)	(150.7		)	—				—		—		—
	$	5,852.6	$	—		$	5,852.6		702.7				$	381.0	$	420.2	$	5,258.7
Interest expense, net									(88.4		)	(i)
Income before taxes									$	614.3

____________


(a)	Includes $9.3 million of closure costs related to corrugated product facilities.

Includes $4.2 million of acquisition-related costs for the TimBar Corporation and Columbus Container, Inc. acquisitions.

Includes $0.9 million of costs related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities.


(b)	Includes $2.7 million of costs related to ceased softwood market pulp operations at our Wallula, Washington mill and the permanent shut down of the No.1 machine.

Includes $1.7 million of closure costs related to a paper products facility.


(c)	Includes $0.3 million of acquisition-related costs for the TimBar Corporation acquisition.


(d)	Includes net charges of $2.0 million primarily related to restructuring activities at our mill in DeRidder, Louisiana and $4.1 million of Boise acquisition integration-related and other costs.


(e)	In September 2015, we sold the remaining land, buildings, and equipment at our paper mill site in St. Helens, Oregon where we ceased paper production in December 2012. We recorded a $6.7 million gain on the sale.


(f)	Includes $9.3 million of Boise acquisition integration-related and other costs. These costs primarily relate to professional fees, severance, retention, relocation, travel, and other integration-related costs.


(g)	Includes $65.8 million of costs related primarily to the conversion of the No. 3 newsprint machine at our DeRidder, Louisiana mill to produce lightweight linerboard and corrugating medium, and our exit from the newsprint business in September 2014. Includes $4.9 million of Boise acquisition integration-related and other costs.


(h)	Includes $13.5 million of Boise acquisition integration-related and other costs and $17.6 million of costs for the settlement of the Kleen Products LLC v Packaging Corp. of America et al class action lawsuit. See Note 18, Commitments, Guarantees, Indemnifications, and Legal Proceedings, for more information.


(i)	Includes $1.5 million of expense related to the write-off of deferred financing costs in connection with the debt refinancing discussed in Note 9, Debt.


(j)	Includes "Additions to property, plant, and equipment" and excludes cash used for "Acquisitions of businesses, net of cash acquired" as reported on our Consolidated Statements of Cash Flows.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Commitments and Contingencies Disclosure [Abstract]

Commitments, Guarantees, Indemnifications, and Legal Proceedings

12 Months Ended

Dec. 31, 2016

Commitments, Guarantees, Indemnifications, and Legal Proceedings

We have financial commitments and obligations that arise in the ordinary course of our business. These include long-term debt (discussed in Note 9, Debt), capital commitments, lease obligations, purchase commitments for goods and services, and legal proceedings (discussed below).

Capital Commitments

The Company had capital commitments of approximately $94.7 million and $83.7 million as of December 31, 2016 and 2015, respectively, in connection with the expansion and replacement of existing facilities and equipment.

Lease Obligations

PCA leases space for certain of its facilities, cutting rights to approximately 75,000 acres of timberland, land for a fiber farm, and equipment, primarily vehicles and rolling stock. Remaining lease terms average 14 years and may contain renewal options or escalation clauses. Substantially all lease agreements have fixed payment terms based on the passage of time. Some lease agreements provide us with the option to purchase the leased property. Additionally, some agreements contain renewal options averaging approximately six years. Some leases may require the Company to pay executory costs, which may include property taxes, maintenance and insurance. The minimum lease payments under non-cancelable operating leases with lease terms in excess of one year were as follows (dollars in millions):



2017	$	64.4
2018	54.4
2019	41.8
2020	26.2
2021	19.1
Thereafter	48.4
Total	$	254.3

Total lease expense, including base rent on all leases and executory costs, such as insurance, taxes, and maintenance, for the years ended December 31, 2016, 2015, and 2014, was $88.3 million, $87.9 million and $85.6 million, respectively. These costs are included in "Cost of sales" and "Selling, general, and administrative expenses" in our Consolidated Statements of Income. We had an insignificant amount of sublease rental income in the periods presented.

PCA was obligated under capital leases covering buildings and machinery and equipment in the amount of $21.6 million and $22.8 million at December 31, 2016 and 2015, respectively. Assets held under capital lease obligations were included in property, plant, and equipment as follows (dollars in millions):



	Year Ended December 31
	2016			2015
Buildings	$	0.3		$	0.3
Machinery and equipment	28.5			28.5
Total	28.8			28.8
Less accumulated amortization	(13.7		)	(12.2		)
Total	$	15.1		$	16.6

Amortization of assets under capital lease obligations is included in depreciation expense.

The future minimum payments under capitalized leases at December 31, 2016 were as follows (dollars in millions):



2017	$	2.7
2018	2.7
2019	2.7
2020	2.7
2021	2.7
Thereafter	17.7
Total minimum capital lease payments	31.2
Less amounts representing interest	(9.6		)
Present value of net minimum capital lease payments	21.6
Less current maturities of capital lease obligations	(1.3		)
Total long-term capital lease obligations	$	20.3

Interest expense related to capital lease obligations was $1.5 million during the year ended December 31, 2016, and $1.6 million during both years ended December 31, 2015 and 2014.

Purchase Commitments

In the table below, we set forth our enforceable and legally binding purchase obligations as of December 31, 2016. Some of the amounts are based on management's estimates and assumptions about these obligations, including their duration, the possibility of renewal, anticipated actions by third parties, and other factors. Because these estimates and assumptions are necessarily subjective, our actual payments may vary from those reflected in the table. Purchase orders made in the ordinary course of business are excluded below. Any amounts for which we are liable under purchase orders are reflected on the Consolidated Balance Sheets as accounts payable and accrued liabilities. These obligations relate to various purchase agreements for items such as minimum amounts of fiber and energy purchases over periods ranging from one year to 22 years. Total purchase commitments were as follows (dollars in millions):



2017	$	93.4
2018	34.0
2019	27.8
2020	21.4
2021	17.7
Thereafter	45.7
Total	$	240.0

The Company purchased a total of $362.0 million, $299.6 million, and $265.9 million during the years ended December 31, 2016, 2015, and 2014, respectively, under these purchase agreements.

Environmental Liabilities

The potential costs for various environmental matters are uncertain due to such factors as the unknown magnitude of possible cleanup costs, the complexity and evolving nature of governmental laws and regulations and their interpretations, and the timing, varying costs and effectiveness of alternative cleanup technologies. From 2006 through 2016, there were no significant environmental remediation costs at PCA's mills and corrugated plants. At December 31, 2016, the Company had $25.3 million of environmental-related reserves recorded on its Consolidated Balance Sheet. Of the $25.3 million, approximately $17.2 million related to environmental-related asset retirement obligations discussed in Note 11, Asset Retirement Obligations, and $8.1 million related to our estimate of other environmental contingencies. The Company recorded $6.4 million in "Accrued liabilities" and $18.9 million in "Other long-term liabilities" on the Consolidated Balance Sheet. Liabilities recorded for environmental contingencies are estimates of the probable costs based upon available information and assumptions. Because of these uncertainties, PCA’s estimates may change. The Company believes that it is not reasonably possible that future environmental expenditures for remediation costs and asset retirement obligations above the $25.3 million accrued as of December 31, 2016, will have a material impact on its financial condition, results of operations, or cash flows.

Guarantees and Indemnifications

We provide guarantees, indemnifications, and other assurances to third parties in the normal course of our business. These include tort indemnifications, environmental assurances, and representations and warranties in commercial agreements. At December 31, 2016, we are not aware of any material liabilities arising from any guarantee, indemnification, or financial assurance we have provided. If we determined such a liability was probable and subject to reasonable determination, we would accrue for it at that time.

Legal proceedings

During 2010, PCA and eight other U.S. and Canadian containerboard producers were named as defendants in five purported class action lawsuits filed in the United States District Court for the Northern District of Illinois, alleging violations of the Sherman Act. The lawsuits were consolidated in a single complaint under the caption Kleen Products LLC v Packaging Corp. of America et al. The consolidated complaint alleges that the defendants conspired to limit the supply of containerboard, and that the purpose and effect of the alleged conspiracy was to artificially increase prices of containerboard products during the period of August 2005 to October 2010 (the time of filing of the complaint). The complaint was filed as a class action suit on behalf of all purchasers of containerboard products during such period. In 2014, we settled the class action lawsuit for $17.6 million. These costs were recorded in "Other expense, net" in our Consolidated Statement of Income for the year ended December 31, 2014.

We are also a party to other legal actions arising in the ordinary course of our business. These legal actions include commercial liability claims, premises liability claims, and employment-related claims, among others. As of the date of this filing, we believe it is not reasonably possible that any of the legal actions against us will, either individually or in the aggregate, have a material adverse effect on our financial condition, results of operations, or cash flows.

Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (unaudited, dollars in millions, except per-share and stock price information)



	Quarter
2016:	First (a)		Second (b)		Third (c)		Fourth (d)		Total
Net sales	$	1,401.0	$	1,417.4	$	1,484.0	$	1,476.6	$	5,779.0
Gross profit	299.0		320.1		329.5		327.1		1,275.7
Income from operations	180.8		200.2		206.4		192.9		780.3
Net income	103.7		115.9		119.4		110.6		449.6
Basic earnings per share	1.09		1.23		1.27		1.17		4.76
Diluted earnings per share	1.09		1.23		1.26		1.17		4.75
Stock price - high	62.67		71.31		82.77		88.41		88.41
Stock price - low	44.32		58.44		65.12		78.03		44.32
	Quarter
2015:	First (e)		Second (f)		Third (g)		Fourth (h)		Total
Net sales	$	1,425.7	$	1,454.3	$	1,470.8	$	1,390.9	$	5,741.7
Gross profit	277.0		317.6		328.3		285.0		1,208.0
Income from operations	157.1		197.6		219.4		175.9		750.0
Net income	90.8		114.0		127.8		104.3		436.8
Basic earnings per share	0.92		1.16		1.31		1.07		4.47
Diluted earnings per share	0.92		1.16		1.31		1.07		4.47
Stock price - high	84.88		78.98		73.60		70.04		84.88
Stock price - low	73.03		62.48		58.29		59.54		58.29

____________

Note: The sum of the quarters may not equal the total of the respective year's earnings per share on either a basic or diluted basis due to changes in the weighted average shares outstanding throughout the year.


(a)	Includes $2.8 million of closure costs related to a corrugated products facility and a paper products facility. ($1.9 million after-tax or $0.02 per diluted share).

(b)

Includes $1.7 million of closure costs related to a corrugated products facility and a paper products facility ($1.0 million after-tax or $0.01 per diluted share), $0.3 million of acquisition-related costs for TimBar Corporation ($0.2 million after-tax or $0.0 per diluted share), and $0.9 million related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities ($0.6 million after-tax or $0.01 per diluted share).


(c)	Includes $2.0 million of closure costs related to a corrugated products facility and a paper products facility ($1.4 million after-tax or $0.02 per diluted share) and $2.9 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($1.9 million after-tax or $0.02 per diluted share).

(d)

Includes $4.5 million of closure costs related to a corrugated products facility and a paper products facility ($2.9 million after-tax or $0.03 per diluted share), $2.7 million of costs related to ceased production of softwood market pulp operations at our Wallula, Washington mill and the permanent shutdown of the No.1 machine ($1.8 million after-tax or $0.02 per diluted share), and $1.2 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($0.8 million after-tax or $0.01 per diluted share).


(e)	Includes $10.3 million of DeRidder restructuring charges ($6.6 million after-tax or $0.07 per diluted share) and $3.5 million of integration-related and other costs ($2.2 million after-tax or $0.02 per diluted share). Also includes a $3.6 million tax credit from the State of Louisiana related to our capital investment and the jobs retained at the DeRidder, Louisiana mill.


(f)	Includes $1.0 million of income from DeRidder restructuring ($0.7 million after-tax or $0.01 per diluted share) and $3.7 million of integration-related and other costs ($2.3 million after-tax or $0.03 per diluted share).


(g)	Includes $3.8 million of income from DeRidder restructuring ($2.3 million after-tax or $0.02 per diluted share) and $2.4 million of integration-related and other costs ($1.7 million after-tax or $0.02 per diluted share). Also includes $6.7 million gain from the sale of our paper mill site at St. Helens, Oregon ($4.4 million after tax or $0.05 per diluted share).


(h)	Includes $3.5 million of income from DeRidder restructuring ($2.2 million after-tax or $0.02 per diluted share) and $3.8 million of integration-related and other costs ($2.6 million after-tax or $0.03 per diluted share).

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On February 8, 2017, there was an explosion at our DeRidder, Louisiana paper mill. The incident involved annual repair work being performed on piping in the pulp mill area and resulted in three contractor fatalities. The cause of the incident is under investigation. At the time of the incident, the D1 machine was down for its annual outage and the D3 machine was running and continues to operate. As of February 19, 2017, the mill resumed full operation. We are in the process of estimating the financial impact of the incident at this time. We maintain property and business interruption insurance subject to a $5 million deductible.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Consolidation

The consolidated financial statements include the accounts of PCA and its majority-owned subsidiaries after elimination of intercompany balances and transactions.

Use of Estimates

Revenue Recognition

Planned Major Maintenance Costs

Share-Based Compensation

Research and Development

Research and development costs are expensed as incurred.

Cash and Cash Equivalents

Cash and cash equivalents include all cash balances and highly liquid investments with a stated maturity of three months or less. Cash equivalents are stated at cost, which approximates market.

Trade Accounts Receivable, Allowance for Doubtful Accounts, and Customer Deductions

Derivative Instruments and Hedging Activities

Fair Value Measurements

Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets.

Level 3 — Valuations based on unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Inventory Valuation

Property, Plant, and Equipment

Depreciation and Useful Life



Buildings and land improvements	5 to 40 years
Machinery and equipment	3 to 25 years
Trucks and automobiles	3 to 10 years
Furniture and fixtures	3 to 20 years
Computers and hardware	3 to 10 years
Leasehold improvements	Period of the lease or useful life, if shorter

Leases

Long-Lived Asset Impairment

Goodwill and Intangible Assets

Pension and Postretirement Benefits

For postretirement health care plan accounting, the Company reviews external data and its own historical trends for health care costs to determine the health care cost trend rate assumption.

Environmental Matters

Asset Retirement Obligations

Deferred Financing Costs

Cutting Rights and Fiber Farms

Deferred Software Costs

Income Taxes

Trade Agreements

Business Combinations

New and Recently Adopted Accounting Pronouncements

New and Recently Adopted Accounting Standards

We have been closely monitoring FASB activity related to the new standard. The following updates have been made as a result of implementation issues related to the new standard:


•	In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers - Principal versus Agent Consideration (Reporting revenue gross versus net), which clarifies gross versus net revenue reporting when another party is involved in the transactions.


•	In April 2016, FASB issued ASU 2016-10, Revenue from Contracts with Customers - Identifying Performance Obligations and Licensing, which amends the revenue guidance on identifying performance obligations and accounting for licenses of intellectual property.


•	In May 2016, the FASB issued ASU 2016-12, Revenue from Contracts with Customers - Narrow-Scope Improvements and Practical Expedients, which provides narrow-scope improvements to the guidance on collectability, non-cash consideration, and completed contracts at transition

•

In August 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU")

effective for annual periods beginning after December 15, 2017, and interim periods within those annual periods, with early

adoption permitted. The Company does not expect this ASU to have a material impact on the Company's financial condition,

results of operations, or cash flows.

There were no other accounting standards recently issued that had or are expected to have a material impact on our financial position or results of operations.

Segment Information

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Components of Inventories

The components of inventories were as follows (dollars in millions):



	December 31
	2016		2015
Raw materials	$	271.9	$	260.6
Work in process	12.9		14.2
Finished goods	206.5		189.7
Supplies and materials	232.3		212.3
Inventories	$	723.6	$	676.8

Property, Plant and Equipment (at cost)

Property, plant, and equipment consisted of the following (dollars in millions):



	December 31
	2016			2015
Land and land improvements	$	149.7		$	146.4
Buildings	717.1			640.9
Machinery and equipment	4,951.4			4,747.1
Construction in progress	125.4			119.1
Other	66.7			61.3
Property, plant, and equipment, at cost	6,010.3			5,714.8
Less accumulated depreciation	(3,114.6		)	(2,882.7		)
Property, plant, and equipment, net	$	2,895.7		$	2,832.1

Property, Plant and Equipment Estimated Useful Lives



Buildings and land improvements	5 to 40 years
Machinery and equipment	3 to 25 years
Trucks and automobiles	3 to 10 years
Furniture and fixtures	3 to 20 years
Computers and hardware	3 to 10 years
Leasehold improvements	Period of the lease or useful life, if shorter

Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The total purchase price has been preliminarily allocated to tangible and intangible assets acquired and liabilities assumed based on respective fair values, as follows (dollars in millions):



	Initial Allocation		Adjustments			Revised Allocation
Goodwill	$	148.1	$	9.2		$	157.3
Other intangible assets	101.6		(7.2		)	94.4
Property, plant and equipment	96.9		(1.6		)	95.3
Other net assets	39.0		(0.4		)	38.6
Net assets acquired	$	385.6	$	—		$	385.6

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Computation of Basic and Diluted Income Per Common Share

The following table sets forth the computation of basic and diluted income per common share for the periods presented (dollars and shares in millions, except per share data).



	Year Ended December 31
	2016			2015			2014
Numerator:
Net income	$	449.6		$	436.8		$	392.6
Less: distributed and undistributed earnings allocated to participating securities	(4.4		)	(5.2		)	(5.7		)
Net income attributable to common shareholders	$	445.2		$	431.6		$	386.9
Denominator:
Weighted average basic common shares outstanding	93.5			96.6			97.0
Effect of dilutive securities	0.2			0.1			0.1
Diluted common shares outstanding	93.7			96.7			97.1
Basic income per common share	$	4.76		$	4.47		$	3.99
Diluted income per common share	$	4.75		$	4.47		$	3.99

Other Expense, Net (Tables)

12 Months Ended

Dec. 31, 2016

Other Income and Expenses [Abstract]

Components of Other (Income) Expense

The components of other income (expense), net, were as follows (dollars in millions):



	Year Ended December 31
	2016			2015			2014
Asset disposals and write-offs	$	(11.9	)	$	(14.0	)	$	(10.1	)
Facilities closure costs (a)	(9.4		)	—			—
Acquisition-related costs (b)	(3.3		)	—			—
Multiemployer pension withdrawal (c)	(0.9		)	—			—
Wallula mill restructuring (d)	(0.6		)	—			—
Integration-related and other costs (e)	—			(12.9		)	(20.0		)
DeRidder restructuring (f)	—			7.1			(7.3		)
Sale of St. Helens paper mill site (g)	—			6.7			—
Refundable state tax credit (h)	—			3.6			—
Class action lawsuit settlement (i)	—			—			(17.6		)
Other	1.8			2.8			(2.3		)
Total	$	(24.3	)	$	(6.7	)	$	(57.3	)

___________


(a)	Includes facilities closure costs related to corrugated products facilities and a paper products facility.


(b)	Includes acquisition-related costs for the TimBar Corporation and Columbus Container, Inc. acquisitions.


(c)	Includes costs related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities.


(d)	Includes costs related to ceased softwood market pulp operations at our Wallula, Washington mill and the permanent shutdown of the No. 1 machine.


(e)	Includes Boise acquisition integration-related and other costs, which primarily relate to severance, retention, travel, and professional fees.


(f)	2015 and 2014 include amounts from restructuring activities at our mill in DeRidder, Louisiana including costs related to the conversion of the No. 3 newsprint machine to containerboard, our exit from the newsprint business, and other improvements. We completed the restructuring activities in first quarter 2015. In 2015, we recorded $7.1 million of income from vendor settlements.


(g)	In September 2015, we sold the remaining land, buildings, and equipment at our paper mill site in St. Helens, Oregon where we ceased paper production in December 2012. We recorded a $6.7 million gain on the sale.


(h)	Includes a $3.6 million tax credit from the State of Louisiana related to our recent capital investment and the jobs retained at the DeRidder, Louisiana mill, which was recorded as a benefit.


(i)	Includes $17.6 million of costs for the settlement of the Kleen Products LLC v Packaging Corp. of America et al class action lawsuit. See Note 18, Commitments, Guarantees, Indemnifications, and Legal Proceedings, for more information.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Components of Consolidated Income Tax Provision

The following is an analysis of the components of the consolidated income tax provision (dollars in millions):



	2016			2015			2014
Current income tax provision (benefit) -
U.S. Federal	$	213.6		$	205.1		$	185.1
State and local	29.1			20.5			33.1
Foreign	0.2			0.4			0.9
Total current provision for taxes	242.9			226.0			219.1
Deferred -
U.S. Federal	(1.2		)	(3.8		)	(5.0		)
State and local	(3.0		)	5.6			7.6
Foreign	0.2			(0.1		)	—
Total deferred provision (benefit) for taxes	(4.0		)	1.7			2.6
Total provision (benefit) for taxes	$	238.9		$	227.7		$	221.7

Summary of Effective Tax Rate

The effective tax rate varies from the U.S. Federal statutory tax rate principally due to the following (dollars in millions):



	2016			2015			2014
Provision computed at U.S. Federal statutory rate of 35%	$	241.0		$	232.6		$	215.0
State and local taxes, net of federal benefit	19.8			20.0			20.5
Domestic manufacturers deduction	(21.1		)	(19.9		)	(16.5		)
Other	(0.8		)	(5.0		)	2.7
Total	$	238.9		$	227.7		$	221.7

Summary of Operating Loss Carryforwards

The following details the scheduled expiration dates of our tax effected net operating loss (NOL) and other tax carryforwards at December 31, 2016 (dollars in millions):



	2017 Through 2026		2027 Through 2036		Indefinite		Total
U.S. federal and foreign NOLs	$	—	$	65.3	$	—	$	65.3
State taxing jurisdiction NOLs	1.3		0.8		—		2.1
U.S. federal, foreign, and state tax credit carryforwards	—		0.1		—		0.1
U.S. federal capital loss carryforwards	5.2		—		—		5.2
Total	$	6.5	$	66.2	$	—	$	72.7

Deferred Income Tax Assets and Liabilities



	December 31
	2016			2015
Deferred tax assets:
Accrued liabilities	$	18.1		$	18.3
Employee benefits and compensation	45.9			32.5
Inventories	9.9			3.9
Net operating loss carryforwards	67.4			73.2
Stock options and restricted stock	11.7			10.7
Pension and postretirement benefits	136.5			148.2
Derivatives	11.5			13.7
Capital loss, general business, foreign, and AMT credit carryforwards	5.3			5.2
Gross deferred tax assets	$	306.3		$	305.7
Valuation allowance (a)	(5.2		)	(5.1		)
Net deferred tax assets	$	301.1		$	300.6

Deferred tax liabilities:
Property, plant, and equipment	$	(537.0	)	$	(545.8	)
Goodwill and intangible assets	(98.8		)	(101.8		)
Total deferred tax liabilities	$	(635.8	)	$	(647.6	)
Net deferred tax liabilities (b)	$	(334.7	)	$	(347.0	)

___________

(a)

(b)

Summary of Uncertain Tax Position

The following table summarizes the changes related to PCA’s gross unrecognized tax benefits excluding interest and penalties (dollars in millions):



	2016			2015			2014
Balance as of January 1	$	(5.8	)	$	(4.4	)	$	(5.4	)
Increases related to prior years’ tax positions	—			(2.8		)	(1.0		)
Increases related to current year tax positions	(0.5		)	(0.4		)	(0.3		)
Decreases related to prior years' tax positions	0.1			—			0.9
Settlements with taxing authorities	0.3			0.7			0.5
Expiration of the statute of limitations	0.7			1.1			0.9
Balance at December 31	$	(5.2	)	$	(5.8	)	$	(4.4	)

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Changes In the Carrying Amount of Goodwill

Changes in the carrying amount of our goodwill were as follows (dollars in millions):



	Packaging			Paper		Goodwill
Balance at January 1, 2015	$	491.6		$	55.2	$	546.8
Sale of Hexacomb Europe and Mexico (a)	(2.8		)	—		(2.8		)
Balance at December 31, 2015	488.8			55.2		544.0
Acquisitions (b)	193.9			—		193.9
Balance at December 31, 2016	$	682.7		$	55.2	$	737.9

___________


(a)	During 2015, we sold the assets of Hexacomb Europe and Mexico, a corrugated products manufacturer, for $23.0 million and reduced goodwill in our Packaging segment by $2.8 million.


(b)	In connection with the August 2016 acquisition of TimBar Corporation (TimBar), the Company recoded $157.3 million of goodwill in the Packaging segment. In November 2016, we acquired Columbus Container and recorded $36.6 million of goodwill in the Packaging segment. See Note 3, Acquisitions and Dispositions, for more information.

Components of Intangible Assets

The weighted average useful life, gross carrying amount, and accumulated amortization of our intangible assets were as follows (dollars in millions):



	As of December 31, 2016					As of December 31, 2015
	Weighted Average Remaining Useful Life (in Years)	Gross Carrying Amount		Accumulated Amortization		Weighted Average Remaining Useful Life (in Years)	Gross Carrying Amount		Accumulated Amortization
Customer relationships (c)	13.1	$	424.5	$	79.8	13.3	$	311.5	$	57.3
Trademarks and trade names (c)	10.5	27.7		8.1		12.5	21.8		5.2
Other (c)	4.3	4.2		1.4		1.2	0.2		0.2
Total intangible assets (excluding goodwill)	12.9	$	456.4	$	89.3	13.3	$	333.5	$	62.7

Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2016

Accrued Liabilities, Current [Abstract]

Components of Accrued Liabilities

The components of accrued liabilities were as follows (dollars in millions):



	December 31,
	2016		2015
Compensation and benefits	$	120.4	$	106.4
Medical insurance and workers’ compensation	28.8		31.1
Customer volume discounts and rebates	18.9		15.3
Franchise, property, sales and use taxes	16.7		16.0
Environmental liabilities and asset retirement obligations	6.4		7.9
Severance, retention, and relocation	3.0		7.3
Other	7.0		9.5
Total	$	201.2	$	193.5

Debt (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Summary of Debt

At December 31, 2016 and 2015, our long-term debt and interest rates on that debt were as follows (dollars in millions):



	December 31, 2016				December 31, 2015
	Amount		Interest Rate		Amount		Interest Rate
Revolving Credit Facility, due August 2021	$	—	—	%	$	—	—	%
Five-Year Term Loan, due October 2018	—		—		25.0		1.80
Five-Year Term Loan, due August 2021	380.2		2.02		—		—
Seven-Year Term Loan, due October 2020	630.5		2.40		637.0		2.05
6.50% Senior Notes due March 2018	150.0		6.50		150.0		6.50
3.90% Senior Notes, net of discounts of $0.2 million and $0.3 million as of December 31, 2016 and 2015, respectively, due June 2022	399.8		3.90		399.7		3.90
4.50% Senior Notes, net of discount of $1.4 million and $1.5 million as of December 31, 2016 and 2015, respectively, due November 2023	698.6		4.50		698.5		4.50
3.65% Senior Notes, net of discount of $0.9 million and $1.0 million as of December 31, 2016 and 2015, due September 2024	399.1		3.65		399.0		3.65
Total	2,658.2		3.54		2,309.2		3.67
Less current portion	25.8		2.11		6.5		2.05
Less unamortized debt issuance costs	12.4				12.3
Total long-term debt	$	2,620.0	3.57	%	$	2,290.4	3.69	%

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans and Other Postretirement Plans (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Obligations and Funded Status of Defined Benefit Pension and Postretirement Benefit Plans

The following table, which includes only company-sponsored defined benefit and other postretirement benefit plans, reconciles the beginning and ending balances of the projected benefit obligation and the fair value of plan assets. We recognize the unfunded status of these plans on the Consolidated Balance Sheets, and we recognize changes in funded status in the year changes occur through the Consolidated Statements of Comprehensive Income (dollars in millions):



	Pension Plans						Postretirement Plans
	Year Ended December 31						Year Ended December 31
	2016			2015			2016			2015
Change in Benefit Obligation
Benefit obligation at beginning of period	$	1,092.5		$	1,129.6		$	21.4		$	31.9
Service cost	24.5			24.0			0.5			1.7
Interest cost	40.9			46.2			0.6			1.2
Plan amendments	1.8			3.0			(5.3		)	—
Actuarial (gain) loss (a)	35.3			(75.7		)	3.7			(11.4		)
Participant contributions	—			—			1.3			1.2
Benefits paid	(36.6		)	(34.6		)	(2.7		)	(3.2		)
Benefit obligation at plan year end	$	1,158.4		$	1,092.5		$	19.5		$	21.4
Accumulated benefit obligation portion of above	$	1,116.6		$	1,048.5

Change in Fair Value of Plan Assets
Plan assets at fair value at beginning of period	$	764.4		$	805.9		$	—		$	—
Actual return on plan assets	44.4			(8.1		)	—			—
Company contributions	58.2			1.2			1.4			2.0
Participant contributions	—			—			1.3			1.2
Benefits paid	(36.6		)	(34.6		)	(2.7		)	(3.2		)
Fair value of plan assets at plan year end	$	830.4		$	764.4		$	—		$	—

Underfunded status	$	(328.0	)	$	(328.1	)	$	(19.5	)	$	(21.4	)

Amounts Recognized on Consolidated Balance Sheets
Current liabilities	$	(1.3	)	$	(0.9	)	$	(1.2	)	$	(1.1	)
Noncurrent liabilities	(326.7		)	(327.2		)	(18.3		)	(20.3		)
Accrued obligation recognized at December 31	$	(328.0	)	$	(328.1	)	$	(19.5	)	$	(21.4	)
Amounts Recognized in Accumulated Other Comprehensive (Income) Loss (Pre-Tax)
Prior service cost (credit)	$	21.1		$	25.1		$	(5.0	)	$	0.2
Actuarial loss (gain)	183.9			149.4			(1.9		)	(6.0		)
Total	$	205.0		$	174.5		$	(6.9	)	$	(5.8	)

___________

(a)

Components of Net Periodic Benefit Costs and Other Comprehensive (Income) Loss (Pretax)

The components of net periodic benefit cost and other comprehensive (income) loss (pretax) were as follows (dollars in millions):



	Pension Plans									Postretirement Plans
	Year Ended December 31									Year Ended December 31
	2016			2015			2014			2016			2015			2014
Service cost	$	24.5		$	24.0		$	22.7		$	0.5		$	1.7		$	1.6
Interest cost	40.9			46.2			45.9			0.6			1.2			1.2
Expected return on plan assets	(49.5		)	(53.1		)	(50.7		)	—			—			—
Special termination benefits	—			—			0.3			—			—			—
Net amortization of unrecognized amounts
Prior service cost (credit)	5.7			5.5			6.5			(0.1		)	0.1			(0.2		)
Actuarial loss	5.8			8.7			0.6			(0.4		)	0.1			0.1
Net periodic benefit cost	$	27.4		$	31.3		$	25.3		$	0.6		$	3.1		$	2.7

Changes in plan assets and benefit obligations recognized in other comprehensive (income) loss
Actuarial net (gain) loss	$	40.4		$	(14.5	)	$	146.4		$	3.6		$	(11.4	)	$	4.2
Prior service cost (credit)	1.8			3.0			2.6			(5.3		)	—			—
Amortization of prior service cost	(5.7		)	(5.5		)	(6.5		)	(0.3		)	(0.1		)	0.2
Amortization of actuarial loss	(5.8		)	(8.7		)	(0.6		)	0.8			(0.1		)	(0.1		)
Total recognized in other comprehensive (income) loss (a)	30.7			(25.7		)	141.9			(1.2		)	(11.6		)	4.3
Total recognized in net periodic benefit cost and other comprehensive (income) loss - pretax	$	58.1		$	5.6		$	167.2		$	(0.6	)	$	(8.5	)	$	7.0

___________

(a)

Weighted-Average Assumptions Used To Determine Benefit Obligations and Net Periodic Benefit Cost

The following table presents the assumptions used in the measurement of our benefits obligations:



	Pension Plans			Postretirement Plans
	December 31			December 31
	2016	2015	2014	2016	2015	2014
Weighted-Average Assumptions Used to Determine Benefit Obligations at December 31
Discount rate	4.24%	4.51%	4.14%	3.91%	4.35%	3.95%
Rate of compensation increase	4.00%	4.00%	4.00%	N/A	N/A	N/A
Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost for the Years Ended December 31
Discount rate	4.49%	4.14%	5.00%	4.17%	3.95%	4.85%
Expected return on plan assets	6.57%	6.73%	6.69%	N/A	N/A	N/A
Rate of compensation increase	4.00%	4.00%	4.00%	N/A	N/A	N/A

Assumed Health Care Cost Trend Rates For Postretirement Benefits

Health Care Cost Trend Rate Assumptions. PCA assumed health care cost trend rates for its postretirement benefits plans were as follows:



	2016	2015	2014
Health care cost trend rate assumed for next year	7.35%	7.60%	7.75%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	4.50%	4.50%	5.00%
Year that the rate reaches the ultimate trend rate	2025	2024	2023

Schedule of Effects of One-Percentage Point Change In Assumed Health Care Cost Trend Rates on Postretirement Benefits



	1-Percentage Point Increase		1-Percentage Point Decrease
Effect on postretirement benefit obligation	$	1.0	$	(0.9	)
Effect on net postretirement benefit cost	0.1		(0.1		)

Schedule of Pension Plans' Assets Investment Policies and Strategies

ension plans were invested in the following classes of securities at December 31, 2016 and 2015:



	Percentage of Fair Value
	2016		2015
Fixed income securities	54	%	55	%
International equity securities	23		22
Domestic equity securities	21		20
Real estate securities	1		1
Other	1		2

Schedule of Pension Plans' Assets Fair Value Measured On a Recurring Basis



	Fair Value Measurements at December 31, 2016
Asset Category	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Short-term investments (a)	$	—	$	1.5	$	—	$	1.5
Mutual funds (b):
Domestic equities	65.7		—		—		65.7
International equities	68.7		—		—		68.7
Real estate	9.6		—		—		9.6
Fixed income	108.4		64.8		—		173.2
Common/collective trust funds (a):
Domestic equities	—		107.9		—		107.9
International equities	—		124.5		—		124.5
Fixed income	—		271.6		—		271.6
Private equity securities (c)	—		—		5.7		5.7
Total securities at fair value	$	252.4	$	570.3	$	5.7	$	828.4
Receivables and accrued expenses							2.0
Total fair value of plan assets							$	830.4



	Fair Value Measurements at December 31, 2015
Asset Category	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Short-term investments (a)	$	—	$	4.1	$	—	$	4.1
Mutual funds (b):
Domestic equities	47.1		—		—		47.1
International equities	50.7		—		—		50.7
Real estate	8.5		—		—		8.5
Fixed income	156.5		—		—		156.5
Common/collective trust funds (a):
Domestic equities	—		104.4		—		104.4
International equities	—		121.6		—		121.6
Fixed income	—		263.0		—		263.0
Private equity securities (c)	—		—		6.4		6.4
Total securities at fair value	$	262.8	$	493.1	$	6.4	$	762.3
Receivables and accrued expenses							2.1
Total fair value of plan assets							$	764.4

____________

(a)


(b)	Investments in mutual funds valued at quoted market values on the last business day of the fiscal year.

(c)

Summary of Changes in Pension Plans' Level 3 Assets

The following table sets forth a summary of changes in the fair value of the pension plans' Level 3 assets for the year ended December 31, 2016 (dollars in millions):



	2016
Balance, beginning of year	$	6.4
Sales	(0.7		)
Balance, end of year	$	5.7

Schedule of Estimated Benefit Payments



	Pension Plans		Postretirement Plans
2017	$	41.1	$	1.2
2018	45.0		1.3
2019	48.9		1.3
2020	52.6		1.4
2021	56.2		1.3
2021 - 2025	327.7		6.1

Asset Retirement Obligations (Tables)

12 Months Ended

Dec. 31, 2016

Asset Retirement Obligation [Abstract]

Changes to Asset Retirement Obligation

The following table describes changes to the asset retirement obligation liability (dollars in millions):



	Year Ended December 31
	2016			2015
Asset retirement obligation at beginning of period	$	26.2		$	37.0
Accretion expense	2.3			2.1
Payments	(2.2		)	(1.6		)
Revisions in estimated cash flows	1.2			0.2
Liabilities incurred	0.5			(0.3		)
Sale of St. Helens (a)	—			(11.2		)
Asset retirement obligation at end of period	$	28.0		$	26.2

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2016

Share-based Compensation [Abstract]

Summary of Restricted Stock Activity

A summary of the Company’s restricted stock activity follows:



	2016				2015				2014
	Shares		Weighted Average Grant- Date Fair Value		Shares		Weighted Average Grant- Date Fair Value		Shares		Weighted Average Grant- Date Fair Value
Restricted stock at January 1	1,007,794		$	49.47	1,184,299		$	41.71	1,463,694		$	31.48
Granted	242,835		67.48		218,957		65.16		229,489		70.24
Vested (a)	(443,627	)	34.11		(389,481	)	32.77		(507,222	)	26.29
Forfeitures	(20,923	)	59.63		(5,981	)	66.42		(1,662	)	61.05
Restricted stock at December 31	786,079		$	63.44	1,007,794		$	49.47	1,184,299		$	41.71

___________


(a)	The total fair value of awards upon vesting for the years ended December 31, 2016, 2015, and 2014 was $28.8 million, $26.3 million, and $36.4 million, respectively.

Summary of Performance Units Activity

The awards are valued at the closing price of the Company’s stock on the grant date and expensed over the requisite service period based on the most probable number of awards expected to vest.



	2016				2015				2014
	Units		Weighted Average Grant- Date Fair Value		Units		Weighted Average Grant- Date Fair Value		Units	Weighted Average Grant-Date Fair Value
Performance units at January 1	175,675		$	59.94	127,489		$	58.25	70,600	$	47.83
Granted	77,017		67.57		53,102		65.04		56,889	71.19
Vested (a)	(20,604	)	57.58		(4,916	)	71.19		—	—
Performance units at December 31	232,088		$	62.68	175,675		$	59.94	127,489	$	58.25

___________


(a)	The total fair value of awards upon vesting for the year ended December 31, 2016 was $1.1 million. Upon vesting of the awards, PCA issued 21,111 shares of its common stock, which included 507 shares for dividends accrued during the vesting period.

Compensation Expense For Restricted Stock and Performance Units

Compensation expense for share-based awards recognized in the Consolidated Statements of Income, net of forfeitures was as follows (dollars in millions):



	Year Ended December 31
	2016			2015			2014
Restricted stock	$	15.8		$	15.2		$	13.8
Performance units	3.9			3.0			1.8
Impact on income before income taxes	19.7			18.2			15.6
Income tax benefit	(7.7		)	(7.1		)	(6.1		)
Impact on net income	$	12.0		$	11.1		$	9.5

Unrecognized Compensation For Restricted Stock and Performance Units

The unrecognized compensation expense for all share-based awards was as follows (dollars in millions):



	December 31, 2016
	Unrecognized Compensation Expense		Remaining Weighted Average Recognition Period (in years)
Restricted stock	$	27.1	2.7
Performance units	8.1		2.8
Total unrecognized share-based compensation expense	$	35.2	2.7

Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Impact of Derivative Instruments On Statements of Income and Accumulated OCI

The impact of derivative instruments on the consolidated statements of income and accumulated OCI was as follows (dollars in millions):



	Net Loss Recognized in Accumulated OCI (Effective Portion) December 31
	2016			2015
Treasury locks, net of tax	$	(17.7	)	$	(21.2	)



	Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Year Ended December 31
	2016			2015			2014
Amortization of treasury locks (included in interest expense, net)	$	(5.7	)	$	(5.7	)	$	(5.7	)

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Share Repurchase Program

Share repurchase activity follows (in millions, except share and per share amounts).



	Shares	Weighted Average Price Per Share		Total
2015	2,326,493	$	66.50	$	154.7
2016	1,987,187	$	50.49	$	100.3

Components of Changes in Accumulated Other Comprehensive Income (AOCI)

Changes in AOCI, net of taxes, by component follows (dollars in millions). Amounts in parentheses indicate losses.



	Unrealized Loss On Treasury Locks, Net			Unrealized Loss on Foreign Exchange Contracts			Unfunded Employee Benefit Obligations			Total
Balance at December 31, 2015	$	(21.2	)	$	(0.4	)	$	(103.3	)	$	(124.9	)
Other comprehensive income (loss) before reclassifications, net of tax	—			—			(24.9		)	(24.9		)
Amounts reclassified from AOCI, net of tax	3.5			—			6.7			10.2
Net current-period other comprehensive income (loss)	3.5			—			(18.2		)	(14.7		)
Balance at December 31, 2016	$	(17.7	)	$	(0.4	)	$	(121.5	)	$	(139.6	)

Reclassifications Out of Accumulated Other Comprehensive Income (AOCI)

The following table presents information about reclassifications out of AOCI (dollars in millions). Amounts in parentheses indicate expenses in the Consolidated Statements of Income.



	Amounts Reclassified from AOCI Year Ended December 31
Details about AOCI Components	2016			2015			Affected Line Item in the Statement Where Net Income is Presented
Foreign currency translation adjustments	$	—		$	(4.2	)	Other expense, net
	—			—			Tax benefit
	$	—		$	(4.2	)	Net of tax

Unrealized loss on treasury locks, net	$	(5.7	)	$	(5.7	)	See (a) below
	2.2			2.2			Tax benefit
	$	(3.5	)	$	(3.5	)	Net of tax

Unfunded employee benefit obligations
Amortization of prior service costs	$	(5.5	)	$	(5.6	)	See (b) below
Amortization of actuarial gains / (losses)	(5.4		)	(8.8		)	See (b) below
	(10.9		)	(14.4		)	Total before tax
	4.2			5.6			Tax benefit
	$	(6.7	)	$	(8.8	)	Net of tax

____________

(a)


(b)	These AOCI components are included in the computation of net pension and postretirement benefit costs. See Note 10, Employee Benefit Plans and Other Postretirement Benefits, for additional information.

Revenue from External Customers by Product Line

The entire disclosure for any adjustments made during the period to avoid double counting in comprehensive income items displayed as part of net income that also had been displayed as part of other comprehensive income in that period or earlier periods. These adjustments include reclassifications to net income of items in accumulated comprehensive income, such as deferred gains or losses on qualifying hedges when hedged item reported in net income, holding gains or losses on available-for-sale securities transferred into trading category, unrealized holding gains or losses on debt securities transferred from held-to-maturity category into available-for-sale category and accumulated translation adjustment attributable to foreign subsidiary or investment in foreign entity upon sale or liquidation.

+ References + Details

Segment Informaiton (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment sales to external customers by product line were as follows (dollars in millions):



	Year Ended December 31
	2016		2015		2014
Packaging sales	$	4,584.8	$	4,477.3	$	4,540.3

Paper sales
White papers	1,065.8		1,089.6		1,138.5
Market pulp	28.1		53.5		62.9
	1,093.9		1,143.1		1,201.4
Corporate and Other	100.3		121.3		110.9
	$	5,779.0	$	5,741.7	$	5,852.6

Analysis of Operations by Reportable Segment

An analysis of operations by reportable segment is as follows (dollars in millions):



	Sales, net								Operating Income (Loss)				Depreciation, Amortization, and Depletion		Capital Expenditures (j)		Assets
Year Ended December 31, 2016	Trade		Inter- segment			Total			Operating Income (Loss)				Depreciation, Amortization, and Depletion		Capital Expenditures (j)		Assets
Packaging	$	4,577.4	$	7.4		$	4,584.8		$	711.1		(a)	$	293.3	$	239.9	$	4,530.5
Paper	1,093.9		—			1,093.9			138.1			(b)	59.6		31.6		946.2
Corporate and Other	107.7		139.2			246.9			(68.9		)	(c)	5.1		2.8		300.3
Intersegment eliminations	—		(146.6		)	(146.6		)	—				—		—		—
	$	5,779.0	$	—		$	5,779.0		780.3				$	358.0	$	274.3	$	5,777.0
Interest expense, net									(91.8		)
Income before taxes									$	688.5



	Sales, net								Operating Income (Loss)				Depreciation, Amortization, and Depletion		Capital Expenditures (j)		Assets
Year Ended December 31, 2015	Trade		Inter- segment			Total			Operating Income (Loss)				Depreciation, Amortization, and Depletion		Capital Expenditures (j)		Assets
Packaging	$	4,474.1	$	3.2		$	4,477.3		$	714.9		(d)	$	297.3	$	250.3	$	4,027.9
Paper	1,143.1		—			1,143.1			112.5			(e)	54.9		58.5		976.5
Corporate and Other	124.5		133.8			258.3			(77.4		)	(f)	4.3		5.7		267.9
Intersegment eliminations	—		(137.0		)	(137.0		)	—				—		—		—
	$	5,741.7	$	—		$	5,741.7		750.0				$	356.5	$	314.5	$	5,272.3
Interest expense, net									(85.5		)
Income before taxes									$	664.5



	Sales, net								Operating Income (Loss)				Depreciation, Amortization, and Depletion		Capital Expenditures (j)		Assets
Year Ended December 31, 2014	Trade		Inter- segment			Total			Operating Income (Loss)				Depreciation, Amortization, and Depletion		Capital Expenditures (j)		Assets
Packaging	$	4,534.5	$	5.8		$	4,540.3		$	663.2		(g)	$	323.0	$	362.1	$	4,105.3
Paper	1,201.4		—			1,201.4			135.4				50.6		51.7		968.6
Corporate and Other	116.7		144.9			261.6			(95.9		)	(h)	7.4		6.4		184.8
Intersegment eliminations	—		(150.7		)	(150.7		)	—				—		—		—
	$	5,852.6	$	—		$	5,852.6		702.7				$	381.0	$	420.2	$	5,258.7
Interest expense, net									(88.4		)	(i)
Income before taxes									$	614.3

____________


(a)	Includes $9.3 million of closure costs related to corrugated product facilities.

Includes $4.2 million of acquisition-related costs for the TimBar Corporation and Columbus Container, Inc. acquisitions.

Includes $0.9 million of costs related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities.


(b)	Includes $2.7 million of costs related to ceased softwood market pulp operations at our Wallula, Washington mill and the permanent shut down of the No.1 machine.

Includes $1.7 million of closure costs related to a paper products facility.


(c)	Includes $0.3 million of acquisition-related costs for the TimBar Corporation acquisition.


(d)	Includes net charges of $2.0 million primarily related to restructuring activities at our mill in DeRidder, Louisiana and $4.1 million of Boise acquisition integration-related and other costs.


(e)	In September 2015, we sold the remaining land, buildings, and equipment at our paper mill site in St. Helens, Oregon where we ceased paper production in December 2012. We recorded a $6.7 million gain on the sale.


(f)	Includes $9.3 million of Boise acquisition integration-related and other costs. These costs primarily relate to professional fees, severance, retention, relocation, travel, and other integration-related costs.


(g)	Includes $65.8 million of costs related primarily to the conversion of the No. 3 newsprint machine at our DeRidder, Louisiana mill to produce lightweight linerboard and corrugating medium, and our exit from the newsprint business in September 2014. Includes $4.9 million of Boise acquisition integration-related and other costs.


(h)	Includes $13.5 million of Boise acquisition integration-related and other costs and $17.6 million of costs for the settlement of the Kleen Products LLC v Packaging Corp. of America et al class action lawsuit. See Note 18, Commitments, Guarantees, Indemnifications, and Legal Proceedings, for more information.


(i)	Includes $1.5 million of expense related to the write-off of deferred financing costs in connection with the debt refinancing discussed in Note 9, Debt.


(j)	Includes "Additions to property, plant, and equipment" and excludes cash used for "Acquisitions of businesses, net of cash acquired" as reported on our Consolidated Statements of Cash Flows.

Commitments, Guarantees, Indemnifications, and Legal Proceedings (Tables)

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of Minimum Lease Payments Under Non-Cancelable Operating Leases

The minimum lease payments under non-cancelable operating leases with lease terms in excess of one year were as follows (dollars in millions):



2017	$	64.4
2018	54.4
2019	41.8
2020	26.2
2021	19.1
Thereafter	48.4
Total	$	254.3

Schedule of Assets Held Under Capital Lease Obligations

Assets held under capital lease obligations were included in property, plant, and equipment as follows (dollars in millions):



	Year Ended December 31
	2016			2015
Buildings	$	0.3		$	0.3
Machinery and equipment	28.5			28.5
Total	28.8			28.8
Less accumulated amortization	(13.7		)	(12.2		)
Total	$	15.1		$	16.6

Schedule of Future Minimum Payments Under Capitalized Leases

The future minimum payments under capitalized leases at December 31, 2016 were as follows (dollars in millions):



2017	$	2.7
2018	2.7
2019	2.7
2020	2.7
2021	2.7
Thereafter	17.7
Total minimum capital lease payments	31.2
Less amounts representing interest	(9.6		)
Present value of net minimum capital lease payments	21.6
Less current maturities of capital lease obligations	(1.3		)
Total long-term capital lease obligations	$	20.3

Schedule Of Purchase Commitments

Total purchase commitments were as follows (dollars in millions):



2017	$	93.4
2018	34.0
2019	27.8
2020	21.4
2021	17.7
Thereafter	45.7
Total	$	240.0

Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly Financial Data



	Quarter
2016:	First (a)		Second (b)		Third (c)		Fourth (d)		Total
Net sales	$	1,401.0	$	1,417.4	$	1,484.0	$	1,476.6	$	5,779.0
Gross profit	299.0		320.1		329.5		327.1		1,275.7
Income from operations	180.8		200.2		206.4		192.9		780.3
Net income	103.7		115.9		119.4		110.6		449.6
Basic earnings per share	1.09		1.23		1.27		1.17		4.76
Diluted earnings per share	1.09		1.23		1.26		1.17		4.75
Stock price - high	62.67		71.31		82.77		88.41		88.41
Stock price - low	44.32		58.44		65.12		78.03		44.32
	Quarter
2015:	First (e)		Second (f)		Third (g)		Fourth (h)		Total
Net sales	$	1,425.7	$	1,454.3	$	1,470.8	$	1,390.9	$	5,741.7
Gross profit	277.0		317.6		328.3		285.0		1,208.0
Income from operations	157.1		197.6		219.4		175.9		750.0
Net income	90.8		114.0		127.8		104.3		436.8
Basic earnings per share	0.92		1.16		1.31		1.07		4.47
Diluted earnings per share	0.92		1.16		1.31		1.07		4.47
Stock price - high	84.88		78.98		73.60		70.04		84.88
Stock price - low	73.03		62.48		58.29		59.54		58.29

____________


(a)	Includes $2.8 million of closure costs related to a corrugated products facility and a paper products facility. ($1.9 million after-tax or $0.02 per diluted share).

(b)


(c)	Includes $2.0 million of closure costs related to a corrugated products facility and a paper products facility ($1.4 million after-tax or $0.02 per diluted share) and $2.9 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($1.9 million after-tax or $0.02 per diluted share).

(d)


(e)	Includes $10.3 million of DeRidder restructuring charges ($6.6 million after-tax or $0.07 per diluted share) and $3.5 million of integration-related and other costs ($2.2 million after-tax or $0.02 per diluted share). Also includes a $3.6 million tax credit from the State of Louisiana related to our capital investment and the jobs retained at the DeRidder, Louisiana mill.


(f)	Includes $1.0 million of income from DeRidder restructuring ($0.7 million after-tax or $0.01 per diluted share) and $3.7 million of integration-related and other costs ($2.3 million after-tax or $0.03 per diluted share).


(g)	Includes $3.8 million of income from DeRidder restructuring ($2.3 million after-tax or $0.02 per diluted share) and $2.4 million of integration-related and other costs ($1.7 million after-tax or $0.02 per diluted share). Also includes $6.7 million gain from the sale of our paper mill site at St. Helens, Oregon ($4.4 million after tax or $0.05 per diluted share).


(h)	Includes $3.5 million of income from DeRidder restructuring ($2.2 million after-tax or $0.02 per diluted share) and $3.8 million of integration-related and other costs ($2.6 million after-tax or $0.03 per diluted share).

Nature of Operations and Basis of Presentation - Additional Information (Detail) ton in Thousands, employee in Thousands, $ in Millions		12 Months Ended
	Dec. 01, 2016 ton	Dec. 31, 2016 USD ($) employee segment	Dec. 31, 2015 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of employees of PCA \| employee		14
Number of reportable segments \| segment		3
New Accounting Pronouncement, Early Adoption [Line Items]
Deferred financing costs		$ 12.4	$ 12.3
Long-term debt \| Adjustments for New Accounting Pronouncement
New Accounting Pronouncement, Early Adoption [Line Items]
Deferred financing costs			(12.3)
Other long-term assets \| Adjustments for New Accounting Pronouncement
New Accounting Pronouncement, Early Adoption [Line Items]
Deferred financing costs			$ (12.3)
Wallula, Washington Mill
New Accounting Pronouncement, Early Adoption [Line Items]
Pulp Capacity \| ton	100

Summary of Significant Accounting Policies - Additional Information (Details)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2016

USD ($)

Sep. 30, 2016

USD ($)

^[2]

Jun. 30, 2016

USD ($)

^[3]

Mar. 31, 2016

USD ($)

^[4]

Dec. 31, 2015

USD ($)

Sep. 30, 2015

USD ($)

^[6]

Jun. 30, 2015

USD ($)

^[7]

Mar. 31, 2015

USD ($)

^[8]

Dec. 31, 2016

USD ($)

Dec. 31, 2015

USD ($)

Dec. 31, 2014

USD ($)

Dec. 31, 2013

USD ($)

Summary of Significant Accounting Policies [Line Items]

Research and development costs

$ 13.3

$ 13.1

$ 12.3

Cash and cash equivalents

$ 239.3

$ 184.2

239.3

184.2

124.9

$ 191.0

Cash equivalents

178.4

140.9

178.4

140.9

Allowance for doubtful accounts

3.8

3.9

$ 3.8

3.9

Customer returns, allowances and earned discounts as a percentage of gross selling price

1.00%

Reserve for customer accounts receivable, percentage

1.00%

Reserve for customer deductions

$ 6.3

6.4

Net income attributable to Packaging Corporation of America

110.6

^[1]

$ 119.4

$ 115.9

$ 103.7

104.3

^[5]

$ 127.8

$ 114.0

$ 90.8

449.6

436.8

392.6

Inventories

723.6

676.8

723.6

676.8

Retained earnings

1,447.1

1,317.3

1,447.1

1,317.3

Interest capitalization, construction in progress

$ 2.5

$ 2.0

2.8

12 years 10 months 25 days

13 years 2 months 40 days

Area leased under timberland cutting rights (acres) | a

737.9

544.0

$ 737.9

$ 544.0

$ 546.8

Deferred financing costs

12.4

12.3

$ 12.4

12.3

75,000

Area leased where fiber farms are operated (acres) | a

9,000

Software amortization expense

$ 2.5

3.0

2.9

Minimum

Summary of Significant Accounting Policies [Line Items]

Term of senior credit facilities and notes, in years

5 years

Maximum

Summary of Significant Accounting Policies [Line Items]

Term of senior credit facilities and notes, in years

10 years

Foreign operations

Summary of Significant Accounting Policies [Line Items]

Cash and cash equivalents

3.4

3.1

$ 3.4

$ 3.1

Customer relationships

Summary of Significant Accounting Policies [Line Items]

Customer relationships | Minimum

13 years 1 month 5 days

13 years 4 months

Summary of Significant Accounting Policies [Line Items]

Customer relationships | Maximum

10 years

Summary of Significant Accounting Policies [Line Items]

Trademarks and trade names

40 years

Summary of Significant Accounting Policies [Line Items]

Trademarks and trade names | Minimum

10 years 5 months 30 days

12 years 5 months 33 days

Summary of Significant Accounting Policies [Line Items]

Trademarks and trade names | Maximum

3 years

Summary of Significant Accounting Policies [Line Items]

Cutting Rights and Fiber Farms

20 years

Summary of Significant Accounting Policies [Line Items]

Depletion expense

$ 4.7

$ 7.0

$ 7.3

Other long-term assets

Summary of Significant Accounting Policies [Line Items]

Net capitalized software costs

4.5

6.9

4.5

6.9

Other long-term assets | Cutting Rights and Fiber Farms

Summary of Significant Accounting Policies [Line Items]

Long-term lease costs capitalization (Cutting rights and Fiber farms)

$ 43.9

40.2

$ 43.9

40.2

Adjustments for New Accounting Pronouncement | Other long-term assets

Summary of Significant Accounting Policies [Line Items]

Deferred financing costs

(12.3)

Adjustments for New Accounting Pronouncement | Long-term debt

Summary of Significant Accounting Policies [Line Items]

Deferred financing costs

$ (12.3)

[1]	Includes $4.5 million of closure costs related to a corrugated products facility and a paper products facility ($2.9 million after-tax or $0.03 per diluted share), $2.7 million of costs related to ceased production of softwood market pulp operations at our Wallula, Washington mill and the permanent shutdown of the No.1 machine ($1.8 million after-tax or $0.02 per diluted share), and $1.2 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($0.8 million after-tax or $0.01 per diluted share).
[2]	Includes $2.0 million of closure costs related to a corrugated products facility and a paper products facility ($1.4 million after-tax or $0.02 per diluted share) and $2.9 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($1.9 million after-tax or $0.02 per diluted share).
[3]	Includes $1.7 million of closure costs related to a corrugated products facility and a paper products facility ($1.0 million after-tax or $0.01 per diluted share), $0.3 million of acquisition-related costs for TimBar Corporation ($0.2 million after-tax or $0.0 per diluted share), and $0.9 million related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities ($0.6 million after-tax or $0.01 per diluted share).
[4]	Includes $2.8 million of closure costs related to a corrugated products facility and a paper products facility. ($1.9 million after-tax or $0.02 per diluted share).
[5]	Includes $3.5 million of income from DeRidder restructuring ($2.2 million after-tax or $0.02 per diluted share) and $3.8 million of integration-related and other costs ($2.6 million after-tax or $0.03 per diluted share).
[6]	Includes $3.8 million of income from DeRidder restructuring ($2.3 million after-tax or $0.02 per diluted share) and $2.4 million of integration-related and other costs ($1.7 million after-tax or $0.02 per diluted share). Also includes $6.7 million gain from the sale of our paper mill site at St. Helens, Oregon ($4.4 million after tax or $0.05 per diluted share).
[7]	Includes $1.0 million of income from DeRidder restructuring ($0.7 million after-tax or $0.01 per diluted share) and $3.7 million of integration-related and other costs ($2.3 million after-tax or $0.03 per diluted share).
[8]	Includes $10.3 million of DeRidder restructuring charges ($6.6 million after-tax or $0.07 per diluted share) and $3.5 million of integration-related and other costs ($2.2 million after-tax or $0.02 per diluted share). Also includes a $3.6 million tax credit from the State of Louisiana related to our capital investment and the jobs retained at the DeRidder, Louisiana mill.

Summary of Significant Accounting Policies - Components of Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 271.9	$ 260.6
Work in process	12.9	14.2
Finished goods	206.5	189.7
Supplies and materials	232.3	212.3
Inventories	$ 723.6	$ 676.8

Summary of Significant Accounting Policies - Property, Plant and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, at cost	$ 6,010.3	$ 5,714.8
Less accumulated depreciation	(3,114.6)	(2,882.7)
Property, plant, and equipment, net	2,895.7	2,832.1
Depreciation [Abstract]
Depreciation expense	324.1	323.0	$ 348.2
Incremental depreciation	9.0	42.0
Land and Land Improvements
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, at cost	149.7	146.4
Buildings
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, at cost	717.1	640.9
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, at cost	4,951.4	4,747.1
Construction in Progress
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, at cost	125.4	119.1
Other
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, at cost	$ 66.7	$ 61.3

Summary of Significant Accounting Policies - Estimated Useful Lives of Assets (Details)	12 Months Ended
	Dec. 31, 2016
Buildings And Land Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset (in years)	5 years
Buildings And Land Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset (in years)	40 years
Machinery and Equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset (in years)	3 years
Machinery and Equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset (in years)	25 years
Trucks and Automobiles \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset (in years)	3 years
Trucks and Automobiles \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset (in years)	10 years
Furniture and Fixtures \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset (in years)	3 years
Furniture and Fixtures \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset (in years)	20 years
Computers and Hardware \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset (in years)	3 years
Computers and Hardware \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset (in years)	10 years
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Estimated useful life of asset, description	Period of the lease or useful life, if shorter

Acquisitions and Dispositions (Narrative) (Details)

3 Months Ended

12 Months Ended

Nov. 30, 2016

USD ($)

Aug. 29, 2016

USD ($)

facility

Apr. 01, 2015

USD ($)

Apr. 28, 2014

USD ($)

Dec. 31, 2016

USD ($)

Sep. 30, 2016

USD ($)

^[2]

Jun. 30, 2016

USD ($)

^[3]

Mar. 31, 2016

USD ($)

^[4]

Dec. 31, 2015

USD ($)

Sep. 30, 2015

USD ($)

^[6]

Jun. 30, 2015

USD ($)

^[7]

Mar. 31, 2015

USD ($)

^[8]

Dec. 31, 2016

USD ($)

Dec. 31, 2015

USD ($)

Dec. 31, 2014

USD ($)

Dec. 31, 2013

USD ($)

$ 1,476,600,000

^[1]

$ 1,484,000,000

$ 1,417,400,000

$ 1,401,000,000

$ 1,390,900,000

^[5]

$ 1,470,800,000

$ 1,454,300,000

$ 1,425,700,000

$ 5,779,000,000

$ 5,741,700,000

$ 5,852,600,000

737,900,000

544,000,000

737,900,000

544,000,000

$ 546,800,000

Number of production facilities acquired | facility

$ 386,000,000

$ 385,000,000

5 years

$ 116,900,000

Percentage of net sales

2.00%

Useful life of acquired intangibles

14 years 2 months 18 days

Property, plant and equipment

$ 148,100

157,300

$ 157,300

Intangible assets

101,600

94,400

96,900

95,300

Other net assets

$ 39,000

38,600

TimBar Corporation | Minimum

TimBar Corporation | Maximum

2 years

24 years

Columbus Container Inc

Useful life of acquired intangibles

Cash paid

$ 99,700,000

14 years 4 months 24 days

Property, plant and equipment

$ 36,600,000

Intangible assets

26,300,000

27,200,000

Other net assets

$ 9,600,000

Columbus Container Inc | Minimum

Columbus Container Inc | Maximum

1 year

32 years

Wholesale Distributor

Outstanding stock and voting equity interests acquired

51.00%

Packaging | Crockett Packaging

$ 682,700,000

$ 488,800,000

$ 682,700,000

$ 488,800,000

$ 491,600,000

Business acquisition, cost of acquired entity

$ 21,200,000

Working capital adjustments

$ 700,000

Hexacomb Europe and Mexico | Packaging

Proceeds from sale of business net of cash divested

$ 23,000,000

[1]	Includes $4.5 million of closure costs related to a corrugated products facility and a paper products facility ($2.9 million after-tax or $0.03 per diluted share), $2.7 million of costs related to ceased production of softwood market pulp operations at our Wallula, Washington mill and the permanent shutdown of the No.1 machine ($1.8 million after-tax or $0.02 per diluted share), and $1.2 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($0.8 million after-tax or $0.01 per diluted share).
[2]	Includes $2.0 million of closure costs related to a corrugated products facility and a paper products facility ($1.4 million after-tax or $0.02 per diluted share) and $2.9 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($1.9 million after-tax or $0.02 per diluted share).
[3]	Includes $1.7 million of closure costs related to a corrugated products facility and a paper products facility ($1.0 million after-tax or $0.01 per diluted share), $0.3 million of acquisition-related costs for TimBar Corporation ($0.2 million after-tax or $0.0 per diluted share), and $0.9 million related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities ($0.6 million after-tax or $0.01 per diluted share).
[4]	Includes $2.8 million of closure costs related to a corrugated products facility and a paper products facility. ($1.9 million after-tax or $0.02 per diluted share).
[5]	Includes $3.5 million of income from DeRidder restructuring ($2.2 million after-tax or $0.02 per diluted share) and $3.8 million of integration-related and other costs ($2.6 million after-tax or $0.03 per diluted share).
[6]	Includes $3.8 million of income from DeRidder restructuring ($2.3 million after-tax or $0.02 per diluted share) and $2.4 million of integration-related and other costs ($1.7 million after-tax or $0.02 per diluted share). Also includes $6.7 million gain from the sale of our paper mill site at St. Helens, Oregon ($4.4 million after tax or $0.05 per diluted share).
[7]	Includes $1.0 million of income from DeRidder restructuring ($0.7 million after-tax or $0.01 per diluted share) and $3.7 million of integration-related and other costs ($2.3 million after-tax or $0.03 per diluted share).
[8]	Includes $10.3 million of DeRidder restructuring charges ($6.6 million after-tax or $0.07 per diluted share) and $3.5 million of integration-related and other costs ($2.2 million after-tax or $0.02 per diluted share). Also includes a $3.6 million tax credit from the State of Louisiana related to our capital investment and the jobs retained at the DeRidder, Louisiana mill.

Acquisitions and Dispositions - Purchase Accounting Adjustments (Details) - USD ($)	Dec. 31, 2016	Aug. 29, 2016	Dec. 31, 2015	Dec. 31, 2013
Business Acquisition [Line Items]
Goodwill	$ 737,900,000		$ 544,000,000	$ 546,800,000
TimBar Corporation
Business Acquisition [Line Items]
Goodwill	157,300	$ 148,100
Other intangible assets	94,400	101,600
Property, plant and equipment	95,300	96,900
Other net assets	38,600	39,000
Net assets acquired	385,600	$ 385,600
TimBar Corporation \| Adjustments
Business Acquisition [Line Items]
Goodwill	9,200
Other intangible assets	(7,200)
Property, plant and equipment	(1,600)
Other net assets	(400)
Net assets acquired	$ 0

Earnings Per Share - Computation of Basic and Diluted Income Per Common Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2016

^[1]

Sep. 30, 2016

^[2]

Jun. 30, 2016

^[3]

Mar. 31, 2016

^[4]

Dec. 31, 2015

^[5]

Sep. 30, 2015

^[6]

Jun. 30, 2015

^[7]

Mar. 31, 2015

^[8]

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Numerator:

Net income attributable to Packaging Corporation of America

$ 110.6

$ 119.4

$ 115.9

$ 103.7

$ 104.3

$ 127.8

$ 114.0

$ 90.8

$ 449.6

$ 436.8

$ 392.6

Less: distributed and undistributed earnings allocated to participating securities

(4.4)

(5.2)

(5.7)

Net income attributable to common shareholders

$ 445.2

$ 431.6

$ 386.9

Denominator:

Weighted average basic common shares outstanding

93.5

96.6

97.0

Effect of dilutive securities

0.2

0.1

Diluted common shares outstanding

93.7

96.7

97.1

Basic income per common share (US$ per share)

$ 1.17

$ 1.27

$ 1.23

$ 1.09

$ 1.07

$ 1.31

$ 1.16

$ 0.92

$ 4.76

$ 4.47

$ 3.99

Diluted income per common share (US$ per share)

$ 1.17

$ 1.26

$ 1.23

$ 1.09

$ 1.07

$ 1.31

$ 1.16

$ 0.92

$ 4.75

$ 4.47

$ 3.99

[1]	Includes $4.5 million of closure costs related to a corrugated products facility and a paper products facility ($2.9 million after-tax or $0.03 per diluted share), $2.7 million of costs related to ceased production of softwood market pulp operations at our Wallula, Washington mill and the permanent shutdown of the No.1 machine ($1.8 million after-tax or $0.02 per diluted share), and $1.2 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($0.8 million after-tax or $0.01 per diluted share).
[2]	Includes $2.0 million of closure costs related to a corrugated products facility and a paper products facility ($1.4 million after-tax or $0.02 per diluted share) and $2.9 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($1.9 million after-tax or $0.02 per diluted share).
[3]	Includes $1.7 million of closure costs related to a corrugated products facility and a paper products facility ($1.0 million after-tax or $0.01 per diluted share), $0.3 million of acquisition-related costs for TimBar Corporation ($0.2 million after-tax or $0.0 per diluted share), and $0.9 million related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities ($0.6 million after-tax or $0.01 per diluted share).
[4]	Includes $2.8 million of closure costs related to a corrugated products facility and a paper products facility. ($1.9 million after-tax or $0.02 per diluted share).
[5]	Includes $3.5 million of income from DeRidder restructuring ($2.2 million after-tax or $0.02 per diluted share) and $3.8 million of integration-related and other costs ($2.6 million after-tax or $0.03 per diluted share).
[6]	Includes $3.8 million of income from DeRidder restructuring ($2.3 million after-tax or $0.02 per diluted share) and $2.4 million of integration-related and other costs ($1.7 million after-tax or $0.02 per diluted share). Also includes $6.7 million gain from the sale of our paper mill site at St. Helens, Oregon ($4.4 million after tax or $0.05 per diluted share).
[7]	Includes $1.0 million of income from DeRidder restructuring ($0.7 million after-tax or $0.01 per diluted share) and $3.7 million of integration-related and other costs ($2.3 million after-tax or $0.03 per diluted share).
[8]	Includes $10.3 million of DeRidder restructuring charges ($6.6 million after-tax or $0.07 per diluted share) and $3.5 million of integration-related and other costs ($2.2 million after-tax or $0.02 per diluted share). Also includes a $3.6 million tax credit from the State of Louisiana related to our capital investment and the jobs retained at the DeRidder, Louisiana mill.

Other Expense, Net - Components Expense, Net (Details) - USD ($)
$ in Millions

1 Months Ended

12 Months Ended

Sep. 30, 2015

^[3]

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Asset disposals and write-offs

$ (11.9)

$ (14.0)

$ (10.1)

^[1]

(9.4)

0.0

Multiemployer pension withdrawal

^[2]

(3.3)

0.0

^[3]

(0.9)

0.0

Integration-related and other costs

^[3]

7.1

^[4]

0.0

(12.9)

(20.0)

Refundable state tax credit

^[5]

0.0

3.6

^[2]

0.0

Mill at St. Helens, Oregon

^[6]

0.0

(17.6)

Other

1.8

2.8

(2.3)

Total

(24.3)

(6.7)

(57.3)

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Sale of St. Helens Paper Mill Site

$ 6.7

0.0

^[7]

6.7

^[7]

0.0

^[7]

Wallula Mill

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

^[8]

(0.6)

0.0

Deridder Mill

Employee benefits and compensation

^[9]

$ 0.0

$ 7.1

$ (7.3)

[1]	Includes facilities closure costs related to corrugated products facilities and a paper products facility.
[2]	Includes acquisition-related costs for the TimBar Corporation and Columbus Container, Inc. acquisitions.
[3]	Includes costs related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities.
[4]	Includes Boise acquisition integration-related and other costs, which primarily relate to severance, retention, travel, and professional fees.
[5]	Includes a $3.6 million tax credit from the State of Louisiana related to our recent capital investment and the jobs retained at the DeRidder, Louisiana mill, which was recorded as a benefit.
[6]	Includes $17.6 million of costs for the settlement of the Kleen Products LLC v Packaging Corp. of America et al class action lawsuit. See Note 18, Commitments, Guarantees, Indemnifications, and Legal Proceedings, for more information.
[7]	In September 2015, we sold the remaining land, buildings, and equipment at our paper mill site in St. Helens, Oregon where we ceased paper production in December 2012. We recorded a $6.7 million gain on the sale.
[8]	Includes costs related to ceased softwood market pulp operations at our Wallula, Washington mill and the permanent shutdown of the No. 1 machine.
[9]	2015 and 2014 include amounts from restructuring activities at our mill in DeRidder, Louisiana including costs related to the conversion of the No. 3 newsprint machine to containerboard, our exit from the newsprint business, and other improvements. We completed the restructuring activities in first quarter 2015. In 2015, we recorded $7.1 million of income from vendor settlements.

Income Taxes - Components of Consolidated Income Tax Provision (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current income tax provision (benefit) -
U.S. Federal	$ 213.6	$ 205.1	$ 185.1
State and local	29.1	20.5	33.1
Foreign	0.2	0.4	0.9
Total current provision for taxes	242.9	226.0	219.1
Deferred -
U.S. Federal	(1.2)	(3.8)	(5.0)
State and local	(3.0)	5.6	7.6
Foreign	0.2	(0.1)	0.0
Total deferred provision (benefit) for taxes	(4.0)	1.7	2.6
Total provision (benefit) for taxes	$ 238.9	$ 227.7	$ 221.7

Income Taxes - Summary of Effective Tax Rate (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Provision computed at U.S. Federal statutory rate of 35%	$ 241.0	$ 232.6	$ 215.0
State and local taxes, net of federal benefit	19.8	20.0	20.5
Domestic manufacturers deduction	(21.1)	(19.9)	(16.5)
Other	(0.8)	(5.0)	2.7
Total provision (benefit) for taxes	$ 238.9	$ 227.7	$ 221.7
U.S. Federal statutory rate	35.00%

Income Taxes - Summary of Operating Loss Carryforwards (Details) $ in Millions	Dec. 31, 2016 USD ($)
Operating Loss Carryforwards [Line Items]
U.S. federal and foreign NOLs	$ 65.3
State taxing jurisdiction NOLs	2.1
U.S. federal, foreign, and state tax credit carryforwards	0.1
U.S. federal capital loss carryforwards	5.2
Total	72.7
2017 Through 2026
Operating Loss Carryforwards [Line Items]
U.S. federal and foreign NOLs	0.0
State taxing jurisdiction NOLs	1.3
U.S. federal, foreign, and state tax credit carryforwards	0.0
U.S. federal capital loss carryforwards	5.2
Total	6.5
2027 Through 2036
Operating Loss Carryforwards [Line Items]
U.S. federal and foreign NOLs	65.3
State taxing jurisdiction NOLs	0.8
U.S. federal, foreign, and state tax credit carryforwards	0.1
U.S. federal capital loss carryforwards	0.0
Total	66.2
Indefinite
Operating Loss Carryforwards [Line Items]
U.S. federal and foreign NOLs	0.0
State taxing jurisdiction NOLs	0.0
U.S. federal, foreign, and state tax credit carryforwards	0.0
U.S. federal capital loss carryforwards	0.0
Total	$ 0.0

Income Taxes - Deferred Income Tax Assets and Liabilities (Details) - USD ($)
$ in Millions

Dec. 31, 2016

Dec. 31, 2015

Deferred tax assets:

Accrued liabilities

$ 18.1

$ 18.3

45.9

32.5

Inventories

9.9

3.9

Net operating loss carryforwards

67.4

73.2

Stock options and restricted stock

11.7

10.7

Pension and postretirement benefits

136.5

148.2

Derivatives

11.5

13.7

Capital loss, general business, foreign, and AMT credit carryforwards

5.3

5.2

Gross deferred tax assets

306.3

305.7

Valuation allowance

^[1]

(5.2)

(5.1)

Net deferred tax assets

301.1

300.6

Deferred tax liabilities:

Property, plant, and equipment

(537.0)

(545.8)

Goodwill and intangible assets

(98.8)

(101.8)

Total deferred tax liabilities

(635.8)

(647.6)

Net deferred tax liabilities

^[2]

$ (334.7)

$ (347.0)

[1]

[2]

Income Taxes - Summary of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance as of January 1	$ (5.8)	$ (4.4)	$ (5.4)
Increases related to prior years' tax positions	0.0	(2.8)	(1.0)
Increases related to current year tax positions	(0.5)	(0.4)	(0.3)
Decreases related to prior year's tax positions	0.1	0.0	0.9
Settlements with taxing authorities	0.3	0.7	0.5
Expiration of the statute of limitations	0.7	1.1	0.9
Balance at December 31	(5.2)	$ (5.8)	$ (4.4)
Unrecognized tax benefits that would impact of effective tax rate	$ 3.9

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash payments for income taxes	$ 222.1	$ 238.3	$ 189.5
Accrued interest on income taxes	1.1	$ 1.0
Reasonably possible change in unrecognized tax benefits in next 12 months	$ 2.7
Federal
Income tax examination (description)	A federal examination of the tax years 2010 - 2012 was concluded in February 2015.
Foreign
Open tax year	2009
Minimum \| Federal
Open tax year	2014
Minimum \| State
Open tax year	2012
Minimum \| Boise Inc.
Open tax year	2008
Maximum \| Federal
Open tax year	2016
Maximum \| State
Open tax year	2016
Maximum \| Boise Inc.
Open tax year	2013

Goodwill and Intangible Assets - Changes in Carrying Amount of Goodwill (Details) - USD ($)

12 Months Ended

Dec. 31, 2016

Dec. 31, 2015

Nov. 30, 2016

Aug. 29, 2016

Dec. 31, 2013

$ 544,000,000

$ 546,800,000

Beginning Balance

544,000,000

^[1]

2,800,000

^[1]

193,900,000

737,900,000

544,000,000

488,800,000

491,600,000

Beginning Balance

488,800,000

^[1]

2,800,000

^[1]

193,900,000

682,700,000

488,800,000

Paper

55,200,000

$ 55,200,000

Beginning Balance

55,200,000

^[1]

^[1]

55,200,000

157,300

$ 148,100

TimBar Corporation | Packaging

157,300

^[1]

157,300,000

Columbus Container Inc

Columbus Container Inc | Packaging

$ 36,600,000

Hexacomb Europe and Mexico | Packaging

^[1]

36,600,000

Proceeds from sale of business

$ 2,800,000

$ 23,000,000

[1]	During 2015, we sold the assets of Hexacomb Europe and Mexico, a corrugated products manufacturer, for $23.0 million and reduced goodwill in our Packaging segment by $2.8 million.

Goodwill and Intangible Assets - Components of Other Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Nov. 30, 2016	Aug. 29, 2016
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (in Years)	12 years 10 months 25 days	13 years 2 months 40 days
Gross Carrying Amount	$ 456,400,000	$ 333,500,000
Accumulated Amortization	89,300,000	62,700,000
Intangible asset amortization expense	26,600,000	$ 22,700,000	$ 22,600,000
Estimated Future Intangible Amortization Expense
2017	33,300,000
2018	32,200,000
2019	29,500,000
2020	29,500,000
2021	$ 28,700,000
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (in Years)	13 years 1 month 5 days	13 years 4 months
Gross Carrying Amount	$ 424,500,000	$ 311,500,000
Accumulated Amortization	$ 79,800,000	$ 57,300,000
Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (in Years)	10 years 5 months 30 days	12 years 5 months 33 days
Gross Carrying Amount	$ 27,700,000	$ 21,800,000
Accumulated Amortization	$ 8,100,000	$ 5,200,000
Other
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (in Years)	4 years 3 months 20 days	1 year 2 months 12 days
Gross Carrying Amount	$ 4,200,000	$ 200,000
Accumulated Amortization	1,400,000	$ 200,000
TimBar Corporation
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired	$ 94,400				$ 101,600
TimBar Corporation \| Customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired					88,000,000
TimBar Corporation \| Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired					4,900,000
TimBar Corporation \| Other
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired					$ 1,500,000
Columbus Container Inc
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired				$ 26,300,000
Columbus Container Inc \| Customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired				25,000,000
Columbus Container Inc \| Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired				1,000,000
Columbus Container Inc \| Other
Finite-Lived Intangible Assets [Line Items]
Intangible assets acquired				$ 300,000

Accrued Liabilities - Components of Accrued Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Accrued Liabilities, Current [Abstract]
Compensation and benefits	$ 120.4	$ 106.4
Medical insurance and workers’ compensation	28.8	31.1
Customer volume discounts and rebates	18.9	15.3
Franchise, property, sales and use taxes	16.7	16.0
Environmental liabilities and asset retirement obligations	6.4	7.9
Severance, retention, and relocation	3.0	7.3
Other	7.0	9.5
Total	$ 201.2	$ 193.5

Debt - Summary of Debt (Details) - USD ($) $ in Millions	12 Months Ended
Debt - Summary of Debt (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Sep. 05, 2014	Oct. 22, 2013	Jun. 26, 2012	Mar. 25, 2008
Debt Instrument [Line Items]
Long-term debt	$ 2,658.2	$ 2,309.2
Less current portion	25.8	6.5
Less unamortized debt issuance costs	12.4	12.3
Total long-term debt	$ 2,620.0	$ 2,290.4
Weighted-average interest rate	3.54%	3.67%
Revolving Credit Facility, due October 2018 \| Line of Credit
Debt Instrument [Line Items]
Credit facility, expiration date	Oct. 18, 2018
Revolving Credit Facility, due August 2021 \| Line of Credit
Debt Instrument [Line Items]
Long-term debt	$ 0.0	$ 0.0
Stated interest rate	0.00%	0.00%
Credit facility, expiration date	Aug. 21, 2021
Five-Year Term Loan, due October 2018 \| Unsecured Debt
Debt Instrument [Line Items]
Long-term debt	$ 0.0	$ 25.0
Stated interest rate	0.00%	1.80%
Credit facility, expiration date	Oct. 18, 2018
Five-Year Term Loan, due August 2021 \| Unsecured Debt
Debt Instrument [Line Items]
Long-term debt	$ 380.2	$ 0.0
Stated interest rate	2.02%	0.00%
Credit facility, expiration date	Aug. 21, 2021
Seven-Year Term Loan, due October 2020 \| Unsecured Debt
Debt Instrument [Line Items]
Long-term debt	$ 630.5	$ 637.0
Stated interest rate	2.40%	2.05%
Debt instrument, maturity date	Oct. 18, 2020
6.50% Senior Notes due March 2018 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 150.0	$ 150.0
Stated interest rate	6.50%	6.50%				6.50%
Debt instrument, maturity date	Mar. 15, 2018
3.90% Senior Notes, due June 2022 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 399.8	$ 399.7
Stated interest rate	3.90%	3.90%			3.90%
Debt instrument, maturity date	Jun. 15, 2022
Senior notes, discount	$ 0.2	$ 0.3
4.50% Senior Notes, due November 2023 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 698.6	$ 698.5
Stated interest rate	4.50%	4.50%		4.50%
Debt instrument, maturity date	Nov. 01, 2023
Senior notes, discount	$ 1.4	$ 1.7
3.65% Senior Notes, due September 2024 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 399.1	$ 399.0
Stated interest rate	3.65%	3.65%	3.65%
Debt instrument, maturity date	Sep. 15, 2024
Senior notes, discount	$ 0.9	$ 1.1
Current Portion of Long-term Debt
Debt Instrument [Line Items]
Weighted-average interest rate	2.11%	2.05%
Long-term Debt, Excluding Current Portion
Debt Instrument [Line Items]
Weighted-average interest rate	3.57%	3.69%

Debt - Additional Information (Detail) - USD ($)

12 Months Ended

Oct. 18, 2013

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Sep. 05, 2014

Oct. 22, 2013

Jun. 26, 2012

Mar. 25, 2008

Book value of fixed rate debt

$ 2,658,200,000

$ 2,309,200,000

Financing costs paid

(2,000,000)

$ (3,400,000)

1,647,500,000

Book value of variable rate debt

1,010,700,000

Long-term debt, fair value

1,717,600,000

Annual Principal Maturities for Debt [Abstract]

25,800,000

175,800,000

25,800,000

630,300,000

303,200,000

1,500,000,000

88,300,000

85,500,000

Interest payments and redemption premium payments paid for debt obligations

77,000,000

Amortization of net (loss) gain on treasury lock

(5,700,000)

Amortization of financing costs

1,900,000

1,800,000

3,300,000

Write-off of deferred financing costs

91,800,000

85,500,000

88,400,000

^[1]

Boise Inc.

Annual Principal Maturities for Debt [Abstract]

Amortization of financing costs

1,500,000

Line of Credit

Credit facility borrowing capacity

$ 350,000,000.0

Unused borrowing capacity

324,900,000

Five-Year and Seven-Year Term Loans, due October 2018 and 2020, respectively | Unsecured Debt

1,650,000,000

Five-Year Term Loan, due August 2021 | Unsecured Debt

$ 591,500,000

$ 385,000,000

Debt, term

5 years

Long-term Debt, Gross

380,200,000

$ 380,200,000

$ 0

2.02%

0.00%

Credit facility, expiration date

$ 4,800,000

Aug. 21, 2021

Five-Year Term Loan, due October 2018 | Unsecured Debt

0.00%

1.375%

$ 0

$ 25,000,000

0.00%

1.80%

Repayments of Debt

$ 40,000,000

Credit facility, expiration date

$ 25,000,000

Oct. 18, 2018

Seven-Year Term Loan, due October 2020 | Unsecured Debt

$ 650,000,000.0

1.625%

$ 630,500,000

$ 637,000,000

2.40%

2.05%

Repayments of Debt

$ 6,500,000

6.50% Senior Notes due March 2018 | Senior Notes

$ 6,500,000

$ 150,000,000.0

$ 150,000,000

3.90% Senior Notes, due June 2022 | Senior Notes

6.50%

$ 400,000,000.0

$ 399,800,000

$ 399,700,000

4.50% Senior Notes, due November 2023 | Senior Notes

3.90%

$ 700,000,000.0

$ 698,600,000

$ 698,500,000

3.65% Senior Notes, due September 2024 | Senior Notes

4.50%

$ 400,000,000.0

$ 399,100,000

$ 399,000,000

Letter of Credit | Line of Credit

3.65%

Outstanding letters of credit

$ 25,100,000

Write-Off of Deferred Financing Costs

Annual Principal Maturities for Debt [Abstract]

Write-off of deferred financing costs

$ 1,500,000

London Interbank Offered Rate (LIBOR) | Five-Year Term Loan, due August 2021 | Unsecured Debt

Annual Principal Maturities for Debt [Abstract]

1.25%

Reference Interest Rate

0.77%

London Interbank Offered Rate (LIBOR) | Five-Year Term Loan, due October 2018 | Unsecured Debt

Annual Principal Maturities for Debt [Abstract]

1.375%

Reference Interest Rate

0.00%

0.42%

London Interbank Offered Rate (LIBOR) | Seven-Year Term Loan, due October 2020 | Unsecured Debt

Annual Principal Maturities for Debt [Abstract]

1.625%

Reference Interest Rate

0.77%

0.42%

[1]	Includes $1.5 million of expense related to the write-off of deferred financing costs in connection with the debt refinancing discussed in Note 9, Debt.

Employee Benefit Plans and Other Postretirement Plans - Additional Information (Detail) - USD ($) shares in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Apr. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Accumulated other comprehensive loss	$ (139,600,000)	$ (124,900,000)
Company contributions	57,100,000	57,100,000	$ 400,000
Deferred compensation liability	13,700,000	$ 12,800,000
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year	$ 8,000,000
Employee Stock Ownership Plan
Defined Benefit Plan Disclosure [Line Items]
Company's common stock		2.2
Minimum
Defined Benefit Plan Disclosure [Line Items]
Company's contribution to pension plan, percentage	3.00%
Maximum
Defined Benefit Plan Disclosure [Line Items]
Company's contribution to pension plan, percentage	5.00%
Matching Contributions
Defined Benefit Plan Disclosure [Line Items]
Company's contribution to defined contribution plans	$ 40,400,000	$ 37,900,000	28,300,000
Service Related Contributions
Defined Benefit Plan Disclosure [Line Items]
Company's contribution to defined contribution plans	$ 14,900,000	12,400,000	7,400,000
Postretirement Plans
Defined Benefit Plan Disclosure [Line Items]
Minimum retirement age for medical benefit plan coverage, years	58
Minimum service period for medical benefit plan coverage, years	10
Benefit obligation	$ 19,500,000	21,400,000	$ 31,900,000
Employee age after which minimum service period to be completed for medical benefit plan coverage, years	48
Company contributions	$ 1,400,000	$ 2,000,000
Postretirement Health Coverage \| Adjustments
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation				$ (5,100,000)
Accumulated other comprehensive loss				3,100,000
Deferred income taxes				$ 2,000,000

Employee Benefit Plans and Other Postretirement Plans - Change in Benefit Obligations and Change in Fair Value of Plan Assets Related to Pension and Postretirement Plans (Details) - USD ($)

12 Months Ended

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Change in Fair Value of Plan Assets [Roll Forward]

Plan assets at fair value at beginning of period

$ 764,400,000

Company contributions

57,100,000

$ 57,100,000

$ 400,000

Fair value of plan assets at plan year end

830,400,000

764,400,000

Amounts Recognized on Consolidated Balance Sheets

Noncurrent liabilities

(357,200,000)

$ (358,600,000)

Amounts Recognized in Accumulated Other Comprehensive (Income) Loss (Pre-Tax)

Accumulated benefit obligation for plans with obligations in excess of plan assets

$ 1,000,000,000

Pension Plans

Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]

Weighted-Average Assumptions Used to Determine Benefit Obligation, Discount Rate

4.24%

4.51%

4.14%

Change in Benefit Obligations [Roll Forward]

Benefit obligation at beginning of period

$ 1,092,500,000

$ 1,129,600,000

Service cost

24,500,000

24,000,000

$ 22,700,000

Interest cost

40,900,000

46,200,000

45,900,000

Plan amendments

1,800,000

3,000,000

Actuarial (gain) loss

^[1]

35,300,000

(75,700,000)

Special termination benefits

(300,000)

Benefit obligation at plan year end

(36,600,000)

(34,600,000)

1,158,400,000

1,092,500,000

1,129,600,000

Accumulated benefit obligation portion of above

1,116,600,000

1,048,500,000

Change in Fair Value of Plan Assets [Roll Forward]

Plan assets at fair value at beginning of period

764,400,000

805,900,000

Actual return on plan assets

44,400,000

(8,100,000)

Company contributions

58,200,000

1,200,000

Fair value of plan assets at plan year end

(36,600,000)

(34,600,000)

830,400,000

764,400,000

$ 805,900,000

Underfunded status

(328,000,000)

(328,100,000)

Amounts Recognized on Consolidated Balance Sheets

Current liabilities

(1,300,000)

(900,000)

Noncurrent liabilities

(326,700,000)

(327,200,000)

Accrued obligation recognized at December 31

(328,000,000)

(328,100,000)

Amounts Recognized in Accumulated Other Comprehensive (Income) Loss (Pre-Tax)

Amounts Recognized in Accumulated Other Comprehensive (Income) Loss (Pre-Tax)

21,100,000

25,100,000

Actuarial loss (gain)

183,900,000

149,400,000

Total

$ 205,000,000

$ 174,500,000

Postretirement Plans

Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]

Weighted-Average Assumptions Used to Determine Benefit Obligation, Discount Rate

3.91%

4.35%

3.95%

Change in Benefit Obligations [Roll Forward]

Benefit obligation at beginning of period

$ 21,400,000

$ 31,900,000

Service cost

500,000

1,700,000

$ 1,600,000

Interest cost

600,000

1,200,000

Plan amendments

(5,300,000)

Actuarial (gain) loss

^[1]

3,700,000

(11,400,000)

Special termination benefits

1,300,000

1,200,000

Benefit obligation at plan year end

(2,700,000)

(3,200,000)

19,500,000

21,400,000

31,900,000

Change in Fair Value of Plan Assets [Roll Forward]

Plan assets at fair value at beginning of period

Actual return on plan assets

Company contributions

1,400,000

2,000,000

1,300,000

1,200,000

Fair value of plan assets at plan year end

(2,700,000)

(3,200,000)

$ 0

Underfunded status

(19,500,000)

(21,400,000)

Amounts Recognized on Consolidated Balance Sheets

Current liabilities

(1,200,000)

(1,100,000)

Noncurrent liabilities

(18,300,000)

(20,300,000)

Accrued obligation recognized at December 31

(19,500,000)

(21,400,000)

Amounts Recognized in Accumulated Other Comprehensive (Income) Loss (Pre-Tax)

Amounts Recognized in Accumulated Other Comprehensive (Income) Loss (Pre-Tax)

(5,000,000)

200,000

Actuarial loss (gain)

(1,900,000)

(6,000,000)

Total

$ (6,900,000)

$ (5,800,000)

[1]

Employee Benefit Plans and Other Postretirement Plans - Components of Net Periodic Benefit Cost and Other Comprehensive (Income) Loss (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Company contributions	$ 57,100,000	$ 57,100,000	$ 400,000
Estimated Net Periodic Benefit Cost and Amortization of Other Comprehensive Income for The Next Year
Estimated net periodic benefit cost for 2016	12,700,000
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Company contributions	58,200,000	1,200,000
Components of net periodic benefit cost
Service cost	24,500,000	24,000,000	22,700,000
Interest cost	40,900,000	46,200,000	45,900,000
Expected return on plan assets	(49,500,000)	(53,100,000)	(50,700,000)
Special termination benefits	0	0	300,000
Net amortization of unrecognized amounts, Prior service cost	5,700,000	5,500,000	6,500,000
Net amortization of unrecognized amounts, Actuarial loss	5,800,000	8,700,000	600,000
Net periodic benefit cost	27,400,000	31,300,000	25,300,000
Changes in plan assets and benefit obligations recognized in other comprehensive (income) loss
Actuarial net (gain) loss	40,400,000	(14,500,000)	146,400,000
Prior service cost (credit)	1,800,000	3,000,000	2,600,000
Amortization of prior service cost	(5,700,000)	(5,500,000)	(6,500,000)
Amortization of actuarial loss	(5,800,000)	(8,700,000)	(600,000)
Total recognized in other comprehensive (income) loss (b)	30,700,000	(25,700,000)	141,900,000
Total recognized in net periodic benefit cost and other comprehensive (income) loss - pretax	58,100,000	5,600,000	167,200,000
Postretirement Plans
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Company contributions	1,400,000	2,000,000
Components of net periodic benefit cost
Service cost	500,000	1,700,000	1,600,000
Interest cost	600,000	1,200,000	1,200,000
Expected return on plan assets	0	0	0
Special termination benefits	0	0	0
Net amortization of unrecognized amounts, Prior service cost	(100,000)	100,000	(200,000)
Net amortization of unrecognized amounts, Actuarial loss	(400,000)	100,000	100,000
Net periodic benefit cost	600,000	3,100,000	2,700,000
Changes in plan assets and benefit obligations recognized in other comprehensive (income) loss
Actuarial net (gain) loss	3,600,000	(11,400,000)	4,200,000
Prior service cost (credit)	(5,300,000)	0	0
Amortization of prior service cost	(300,000)	(100,000)	200,000
Amortization of actuarial loss	800,000	(100,000)	(100,000)
Total recognized in other comprehensive (income) loss (b)	(1,200,000)	(11,600,000)	4,300,000
Total recognized in net periodic benefit cost and other comprehensive (income) loss - pretax	$ (600,000)	$ (8,500,000)	$ 7,000,000

Employee Benefit Plans and Other Postretirement Plans - Schedule of Weighted-Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Company contributions	$ 57,100,000	$ 57,100,000	$ 400,000
Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost, Expected return on plan assets	6.55%
Weighted-Average expected return on plan assets for 2016	6.55%
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Company contributions	$ 58,200,000	$ 1,200,000
Weighted-Average Assumptions Used to Determine Benefit Obligation, Discount Rate	4.24%	4.51%	4.14%
Weighted-Average Assumptions Used to Determine Benefit Obligations, Rate of compensation increase	4.00%	4.00%	4.00%
Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost, Discount rate	4.49%	4.14%	5.00%
Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost, Expected return on plan assets	6.57%	6.73%	6.69%
Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost, Rate of compensation increase	4.00%	4.00%	4.00%
Discount rate to calculate net periodic benefit cost for 2016	4.49%	4.14%	5.00%
Weighted-Average expected return on plan assets for 2016	6.57%	6.73%	6.69%
Postretirement Plans
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Company contributions	$ 1,400,000	$ 2,000,000
Weighted-Average Assumptions Used to Determine Benefit Obligation, Discount Rate	3.91%	4.35%	3.95%
Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost, Discount rate	4.17%	3.95%	4.85%
Discount rate to calculate net periodic benefit cost for 2016	4.17%	3.95%	4.85%

Employee Benefit Plans and Other Postretirement Plans - Schedule of Assumed Health Care Cost Trend Rates for Postretirement Benefits (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Company contributions	$ 57,100,000	$ 57,100,000	$ 400,000
Postretirement Plans
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Company contributions	$ 1,400,000	$ 2,000,000
Health care cost trend rate assumed for next year	7.35%	7.60%	7.75%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	4.50%	4.50%	5.00%
Year that the rate reaches the ultimate trend rate	2025	2024	2023

Employee Benefit Plans and Other Postretirement Plans - Schedule of Effects of One-Percentage Point Change in Assumed Health Care Cost Trends on Postretirement Benefits (Details) - Postretirement Plans $ in Millions	12 Months Ended
	Dec. 31, 2016 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
Effect on postretirement benefit obligation, 1-Percentage Point Increase	$ 1.0
Effect on net postretirement benefit cost, 1-Percentage Point Increase	0.1
Effect on postretirement benefit obligation, 1-Percentage Point Decrease	(0.9)
Effect on net postretirement benefit cost, 1-Percentage Point Decrease	$ (0.1)

Employee Benefit Plans and Other Postretirement Plans - Schedule of Pension Plan Asset Investments and Target Allocations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Company contributions	$ 57,100,000	$ 57,100,000	$ 400,000
Fair value of plan assets	$ 830,400,000	$ 764,400,000
Debt Securities
Defined Benefit Plan Disclosure [Line Items]
Percentage of Fair Value	54.00%	55.00%
International Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Percentage of Fair Value	23.00%	22.00%
U.S. Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Percentage of Fair Value	21.00%	20.00%
Real Estate Securities
Defined Benefit Plan Disclosure [Line Items]
Percentage of Fair Value	1.00%	1.00%
Other Securities
Defined Benefit Plan Disclosure [Line Items]
Percentage of Fair Value	1.00%	2.00%
Packaging Corporation of America
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 328,600,000
Packaging Corporation of America \| Debt Securities
Defined Benefit Plan Disclosure [Line Items]
Target Allocations	53.00%
Packaging Corporation of America \| Other Securities
Defined Benefit Plan Disclosure [Line Items]
Target Allocations	3.00%
Packaging Corporation of America \| Equities
Defined Benefit Plan Disclosure [Line Items]
Target Allocations	44.00%
Boise Inc.
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 501,800,000
Boise Inc. \| Debt Securities
Defined Benefit Plan Disclosure [Line Items]
Target Allocations	55.00%
Boise Inc. \| Equities
Defined Benefit Plan Disclosure [Line Items]
Target Allocations	45.00%

Employee Benefit Plans and Other Postretirement Plans - Schedule of Estimated Benefit Payments (Details) $ in Millions	Dec. 31, 2016 USD ($)
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
2017	$ 41.1
2018	45.0
2019	48.9
2020	52.6
2021	56.2
2021 - 2025	327.7
Postretirement Plans
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items]
2017	1.2
2018	1.3
2019	1.3
2020	1.4
2021	1.3
2021 - 2025	$ 6.1

Asset Retirement Obligations - Changes to Asset Retirement Obligation (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Asset retirement obligation at beginning of period		$ 26.2	$ 37.0
Sale of St. Helens		0.0	(11.2)
Accretion expense		2.3	2.1
Payments		(2.2)	(1.6)
Revisions in estimated cash flows		1.2	0.2
Liabilities incurred		0.5	(0.3)
Asset retirement obligation at end of period		28.0	26.2	$ 37.0
Gain on sale		$ (7.3)	$ (0.5)	$ (7.0)
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Sale of St. Helens	$ (11.2)

Share-Based Compensation - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized under plan	10,600,000
Long-term equity incentive plan, termination date	May 1, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	1,200,000
Performance Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of awards vested \| $	$ 1.1
Stock Issued During Period, Shares, Restricted Stock Award, Gross	21,111
Common Stock Dividends, Shares	507

Share-Based Compensation - Summary of Restricted Stock and Performance Units Activity (Details) - USD ($)
$ / shares in Units, $ in Millions

12 Months Ended

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Restricted Stock

Restricted Stock and Performance Unit Activity [Roll Forward]

Outstanding at January 1

1,007,794

1,184,299

1,463,694

Granted

242,835

218,957

229,489

Vested

(443,627)

(389,481)

(507,222)

Forfeitures

(20,923)

(5,981)

(1,662)

Outstanding at December 31

786,079

1,007,794

1,184,299

Restricted Stock and Performance Unit Activity (Weighted Average Grant-date Fair Value) [Abstract]

Weighted average grant-date fair value, Outstanding at January 1

$ 49.47

$ 41.71

$ 31.48

Weighted average grant-date fair value, Granted

67.48

65.16

70.24

Weighted average grant-date fair value, Vested

34.11

32.77

26.29

Weighted average grant-date fair value, Forfeitures

59.63

66.42

61.05

Weighted average grant-date fair value, Outstanding at December 31

$ 63.44

$ 49.47

$ 41.71

Fair value of awards vested

$ 28.8

$ 26.3

$ 36.4

Performance Units

Restricted Stock and Performance Unit Activity [Roll Forward]

Outstanding at January 1

175,675

127,489

70,600

Granted

77,017

53,102

56,889

Vested

^[1]

(20,604)

(4,916)

Outstanding at December 31

232,088

175,675

127,489

Restricted Stock and Performance Unit Activity (Weighted Average Grant-date Fair Value) [Abstract]

Weighted average grant-date fair value, Outstanding at January 1

$ 59.94

$ 58.25

$ 47.83

Weighted average grant-date fair value, Granted

67.57

65.04

71.19

Weighted average grant-date fair value, Vested

^[1]

57.58

71.19

0.00

Weighted average grant-date fair value, Outstanding at December 31

$ 62.68

$ 59.94

$ 58.25

Fair value of awards vested

$ 1.1

[1]	The total fair value of awards upon vesting for the year ended December 31, 2016 was $1.1 million. Upon vesting of the awards, PCA issued 21,111 shares of its common stock, which included 507 shares for dividends accrued during the vesting period.

Share-Based Compensation - Compensation Expense for Share-Based Awards (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Impact on income before income taxes	$ 19.7	$ 18.2	$ 15.6
Income tax benefit	(7.7)	(7.1)	(6.1)
Impact on net income	12.0	11.1	9.5
Restricted Stock
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Impact on income before income taxes	15.8	15.2	13.8
Performance Units
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Impact on income before income taxes	$ 3.9	$ 3.0	$ 1.8

Share-Based Compensation - Unrecognized Compensation Expense for Share-Based Awards (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 35.2
Weighted-average recognition period	2 years 7 months 30 days
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 27.1
Weighted-average recognition period	2 years 7 months 30 days
Performance Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 8.1
Weighted-average recognition period	2 years 9 months 6 days

Derivative Instruments and Hedging Activities - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2008
Derivative [Line Items]
Net amount of settlement gains (losses) on derivative instruments included in accumulated OCI to be amortized over next 12 months, before tax	$ (5.7)
Net amount of settlement gains (losses) on derivative instruments included in accumulated OCI to be amortized over next 12 months, after tax	$ (3.5)
2008 Interest Rate Protection Agreement
Derivative [Line Items]
Payments for (Proceeds from) settlement of interest rate protection agreement				$ 4.4
2010 Interest Rate Protection Agreement
Derivative [Line Items]
Payments for (Proceeds from) settlement of interest rate protection agreement			$ (9.9)
2011 Interest Rate Protection Agreement
Derivative [Line Items]
Payments for (Proceeds from) settlement of interest rate protection agreement		$ 65.5

Derivative Instruments and Hedging Activities - Impact of Derivative Instruments on Consolidated Statements of Income and OCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	$ (5.7)	$ (5.7)	$ (5.7)
Treasury Locks, Net Of Tax
Derivative Instruments, Gain (Loss) [Line Items]
Net Gain (Loss) Recognized in Accumulated OCI (Effective Portion)	$ (17.7)	$ (21.2)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Millions						12 Months Ended
	Jan. 13, 2017	Dec. 13, 2016	Apr. 15, 2015	Feb. 26, 2015	Dec. 09, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Common stock dividends paid						$ 216.1	$ 200.8	$ 157.4
Dividends declared per common share (US$ per share)		$ 0.63				$ 2.36	$ 2.2	$ 1.6
Common Stock, Dividends, Per Share, Cash Paid			$ 0.63
Subsequent Event
Common stock dividends paid	$ 59.4
Annual Dividend [Member]
Dividends declared per common share (US$ per share)				$ 2.52	$ 2.20

Stockholders' Equity - Share Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Class of Stock [Line Items]
Common stock repurchased and retired, shares	1,987,187	2,326,493
Common stock repurchased and retired, weighted average price per share	$ 50.49	$ 66.50
Common stock repurchased and retired, total value	$ 100.3	$ 154.7
Common stock repurchase authorization amount available	$ 193.0

Stockholders' Equity - Changes in Accumulated Other Comprehensive Income by Component (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at December 31, 2015	$ (124.9)
Other comprehensive income (loss) before reclassifications, net of tax	(24.9)
Amounts reclassified from AOCI, net of tax	10.2
Other comprehensive income (loss)	(14.7)	$ 29.0	$ (88.9)
Balance at December 31, 2016	(139.6)	(124.9)
Net amount of settlement gains (losses) on derivative instruments included in accumulated OCI to be amortized over next 12 months, before tax	(5.7)
Net amount of settlement gains (losses) on derivative instruments included in accumulated OCI to be amortized over next 12 months, after tax	(3.5)
Unfunded Employee Benefit Obligations
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at December 31, 2015	(103.3)
Other comprehensive income (loss) before reclassifications, net of tax	(24.9)
Amounts reclassified from AOCI, net of tax	6.7
Other comprehensive income (loss)	(18.2)
Balance at December 31, 2016	(121.5)	(103.3)
Treasury Lock \| Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at December 31, 2015	(21.2)
Other comprehensive income (loss) before reclassifications, net of tax	0.0
Amounts reclassified from AOCI, net of tax	3.5
Other comprehensive income (loss)	3.5
Balance at December 31, 2016	(17.7)	(21.2)
Foreign Exchange Contract \| Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at December 31, 2015	(0.4)
Other comprehensive income (loss) before reclassifications, net of tax	0.0
Amounts reclassified from AOCI, net of tax	0.0
Other comprehensive income (loss)	0.0
Balance at December 31, 2016	$ (0.4)	$ (0.4)

Stockholders' Equity - Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2016

^[2]

Sep. 30, 2016

^[3]

Jun. 30, 2016

^[4]

Mar. 31, 2016

^[5]

Dec. 31, 2015

^[6]

Sep. 30, 2015

^[7]

Jun. 30, 2015

^[8]

Mar. 31, 2015

^[9]

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]

$ (91.8)

$ (85.5)

$ (88.4)

^[1]

688.5

664.5

614.3

Net income attributable to Packaging Corporation of America

(238.9)

(227.7)

(221.7)

$ 110.6

$ 119.4

$ 115.9

$ 103.7

$ 104.3

$ 127.8

$ 114.0

$ 90.8

449.6

436.8

$ 392.6

Unfunded Employee Benefit Obligations | Reclassification Out Of Accumulated Other Comprehensive Income

Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]

Amortization of prior service cost

(5.5)

(5.6)

Amortization of actuarial gain / (losses)

(5.4)

(8.8)

(10.9)

(14.4)

Net income attributable to Packaging Corporation of America

4.2

5.6

(6.7)

(8.8)

Foreign Exchange Contract | Foreign Currency Translation Adjustments | Reclassification Out Of Accumulated Other Comprehensive Income

Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]

0.0

(4.2)

Net income attributable to Packaging Corporation of America

0.0

0.0

(4.2)

Treasury Lock | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges | Reclassification Out Of Accumulated Other Comprehensive Income

Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]

(5.7)

Net income attributable to Packaging Corporation of America

2.2

$ (3.5)

[1]	Includes $1.5 million of expense related to the write-off of deferred financing costs in connection with the debt refinancing discussed in Note 9, Debt.
[2]	Includes $4.5 million of closure costs related to a corrugated products facility and a paper products facility ($2.9 million after-tax or $0.03 per diluted share), $2.7 million of costs related to ceased production of softwood market pulp operations at our Wallula, Washington mill and the permanent shutdown of the No.1 machine ($1.8 million after-tax or $0.02 per diluted share), and $1.2 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($0.8 million after-tax or $0.01 per diluted share).
[3]	Includes $2.0 million of closure costs related to a corrugated products facility and a paper products facility ($1.4 million after-tax or $0.02 per diluted share) and $2.9 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($1.9 million after-tax or $0.02 per diluted share).
[4]	Includes $1.7 million of closure costs related to a corrugated products facility and a paper products facility ($1.0 million after-tax or $0.01 per diluted share), $0.3 million of acquisition-related costs for TimBar Corporation ($0.2 million after-tax or $0.0 per diluted share), and $0.9 million related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities ($0.6 million after-tax or $0.01 per diluted share).
[5]	Includes $2.8 million of closure costs related to a corrugated products facility and a paper products facility. ($1.9 million after-tax or $0.02 per diluted share).
[6]	Includes $3.5 million of income from DeRidder restructuring ($2.2 million after-tax or $0.02 per diluted share) and $3.8 million of integration-related and other costs ($2.6 million after-tax or $0.03 per diluted share).
[7]	Includes $3.8 million of income from DeRidder restructuring ($2.3 million after-tax or $0.02 per diluted share) and $2.4 million of integration-related and other costs ($1.7 million after-tax or $0.02 per diluted share). Also includes $6.7 million gain from the sale of our paper mill site at St. Helens, Oregon ($4.4 million after tax or $0.05 per diluted share).
[8]	Includes $1.0 million of income from DeRidder restructuring ($0.7 million after-tax or $0.01 per diluted share) and $3.7 million of integration-related and other costs ($2.3 million after-tax or $0.03 per diluted share).
[9]	Includes $10.3 million of DeRidder restructuring charges ($6.6 million after-tax or $0.07 per diluted share) and $3.5 million of integration-related and other costs ($2.2 million after-tax or $0.02 per diluted share). Also includes a $3.6 million tax credit from the State of Louisiana related to our capital investment and the jobs retained at the DeRidder, Louisiana mill.

Concentrations of Risk (Details) employee in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2016 USD ($) employee	Dec. 31, 2015 USD ($)
Concentration Risk [Line Items]
Accounts Receivable, Net, Current	$ 689.2	$ 636.5
Number of employees of PCA \| employee	14
Percentage of hourly employees represented by unions	70.00%
Workforce Subject to Collective Bargaining Arrangements
Concentration Risk [Line Items]
Concentration risk, percentage	50.00%
Workforce Subject to Collective Bargaining Arrangements Expiring within One Year
Concentration Risk [Line Items]
Concentration risk, percentage	20.00%
Office Depot \| Credit Concentration Risk
Concentration Risk [Line Items]
Accounts Receivable, Net, Current	$ 31.8	$ 39.5
Office Depot \| Total Company Sales Revenue \| Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	8.00%	9.00%
Office Depot \| Total Company Receivables \| Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	5.00%	6.00%
Paper \| Office Depot \| Paper Segment Sales Revenue \| Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	42.00%	45.00%

Transactions With Related Parties - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Carrying amount of LTP's assets	$ 5.0	$ 4.5
Carrying amount of LTP's liabilities	$ 5.0	4.5
Boise Cascade Co-Owner of LTP
Related Party Transaction [Line Items]
Variable interest entity, ownership percentage	50.00%
Boise Cascade Co-Owner of LTP \| Fiber
Related Party Transaction [Line Items]
Revenue from Related Parties	$ 86.9	88.8	$ 75.8
Fiber Costs From Related Parties	$ 17.2	$ 20.7	$ 28.7
Packaging Corporation of America
Related Party Transaction [Line Items]
Variable interest entity, ownership percentage	50.00%

Segment Information - Additional Information (Details)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2016

USD ($)

^[1]

Sep. 30, 2016

USD ($)

^[2]

Jun. 30, 2016

USD ($)

^[3]

Mar. 31, 2016

USD ($)

^[4]

Dec. 31, 2015

USD ($)

Sep. 30, 2015

USD ($)

^[6]

Jun. 30, 2015

USD ($)

^[7]

Mar. 31, 2015

USD ($)

^[8]

Dec. 31, 2016

USD ($)

segment

Dec. 31, 2015

USD ($)

Dec. 31, 2014

USD ($)

Number of reportable segments | segment

$ 192.9

$ 206.4

$ 200.2

$ 180.8

$ 175.9

^[5]

$ 219.4

$ 197.6

$ 157.1

$ 780.3

$ 750.0

$ 702.7

$ 1,476.6

$ 1,484.0

$ 1,417.4

$ 1,401.0

1,390.9

^[5]

$ 1,470.8

$ 1,454.3

$ 1,425.7

$ 5,779.0

5,741.7

5,852.6

Paper

138.1

^[9]

112.5

^[10]

135.4

711.1

^[11]

714.9

^[12]

663.2

^[13]

Corporate and Other

Office Depot | Customer Concentration Risk | Paper Segment Sales Revenue | Paper

$ (68.9)

^[14]

$ (77.4)

^[15]

(95.9)

^[16]

Concentration risk, percentage

42.00%

45.00%

Foreign operations

Foreign operations | Packaging

$ 289.5

$ 177.2

$ 378.8

Long-Lived Assets

$ 12.4

Boise Inc. | Packaging

Boise Inc. | Corporate and Other

4.1

Other Restructuring | Packaging

9.3

$ 2.0

[1]	Includes $4.5 million of closure costs related to a corrugated products facility and a paper products facility ($2.9 million after-tax or $0.03 per diluted share), $2.7 million of costs related to ceased production of softwood market pulp operations at our Wallula, Washington mill and the permanent shutdown of the No.1 machine ($1.8 million after-tax or $0.02 per diluted share), and $1.2 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($0.8 million after-tax or $0.01 per diluted share).
[2]	Includes $2.0 million of closure costs related to a corrugated products facility and a paper products facility ($1.4 million after-tax or $0.02 per diluted share) and $2.9 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($1.9 million after-tax or $0.02 per diluted share).
[3]	Includes $1.7 million of closure costs related to a corrugated products facility and a paper products facility ($1.0 million after-tax or $0.01 per diluted share), $0.3 million of acquisition-related costs for TimBar Corporation ($0.2 million after-tax or $0.0 per diluted share), and $0.9 million related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities ($0.6 million after-tax or $0.01 per diluted share).
[4]	Includes $2.8 million of closure costs related to a corrugated products facility and a paper products facility. ($1.9 million after-tax or $0.02 per diluted share).
[5]	Includes $3.5 million of income from DeRidder restructuring ($2.2 million after-tax or $0.02 per diluted share) and $3.8 million of integration-related and other costs ($2.6 million after-tax or $0.03 per diluted share).
[6]	Includes $3.8 million of income from DeRidder restructuring ($2.3 million after-tax or $0.02 per diluted share) and $2.4 million of integration-related and other costs ($1.7 million after-tax or $0.02 per diluted share). Also includes $6.7 million gain from the sale of our paper mill site at St. Helens, Oregon ($4.4 million after tax or $0.05 per diluted share).
[7]	Includes $1.0 million of income from DeRidder restructuring ($0.7 million after-tax or $0.01 per diluted share) and $3.7 million of integration-related and other costs ($2.3 million after-tax or $0.03 per diluted share).
[8]	Includes $10.3 million of DeRidder restructuring charges ($6.6 million after-tax or $0.07 per diluted share) and $3.5 million of integration-related and other costs ($2.2 million after-tax or $0.02 per diluted share). Also includes a $3.6 million tax credit from the State of Louisiana related to our capital investment and the jobs retained at the DeRidder, Louisiana mill.
[9]	Includes $2.7 million of costs related to ceased softwood market pulp operations at our Wallula, Washington mill and the permanent shut down of the No.1 machine. Includes $1.7 million of closure costs related to a paper products facility.
[10]	In September 2015, we sold the remaining land, buildings, and equipment at our paper mill site in St. Helens, Oregon where we ceased paper production in December 2012. We recorded a $6.7 million gain on the sale.
[11]	Includes $9.3 million of closure costs related to corrugated product facilities.Includes $4.2 million of acquisition-related costs for the TimBar Corporation and Columbus Container, Inc. acquisitions. Includes $0.9 million of costs related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities.
[12]	Includes net charges of $2.0 million primarily related to restructuring activities at our mill in DeRidder, Louisiana and $4.1 million of Boise acquisition integration-related and other costs.
[13]	Includes $65.8 million of costs related primarily to the conversion of the No. 3 newsprint machine at our DeRidder, Louisiana mill to produce lightweight linerboard and corrugating medium, and our exit from the newsprint business in September 2014. Includes $4.9 million of Boise acquisition integration-related and other costs.
[14]	Includes $0.3 million of acquisition-related costs for the TimBar Corporation acquisition.
[15]	Includes $9.3 million of Boise acquisition integration-related and other costs. These costs primarily relate to professional fees, severance, retention, relocation, travel, and other integration-related costs.
[16]	Includes $13.5 million of Boise acquisition integration-related and other costs and $17.6 million of costs for the settlement of the Kleen Products LLC v Packaging Corp. of America et al class action lawsuit. See Note 18, Commitments, Guarantees, Indemnifications, and Legal Proceedings, for more information.

Segment Information - Segment Sales to External Customers by Product Line (Details) - USD ($)
$ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2016

^[1]

Sep. 30, 2016

^[2]

Jun. 30, 2016

^[3]

Mar. 31, 2016

^[4]

Dec. 31, 2015

^[5]

Sep. 30, 2015

^[6]

Jun. 30, 2015

^[7]

Mar. 31, 2015

^[8]

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

$ 1,476.6

$ 1,484.0

$ 1,417.4

$ 1,401.0

$ 1,390.9

$ 1,470.8

$ 1,454.3

$ 1,425.7

$ 5,779.0

$ 5,741.7

$ 5,852.6

Operating Segments

Operating Segments | Packaging

5,779.0

5,741.7

5,852.6

Operating Segments | Paper

4,584.8

4,477.3

4,540.3

Operating Segments | Paper | White Papers

1,093.9

1,143.1

1,201.4

Operating Segments | Paper | Market Pulp

1,065.8

1,089.6

1,138.5

Operating Segments | Corporate and Other

28.1

53.5

62.9

$ 100.3

$ 121.3

$ 110.9

[1]	Includes $4.5 million of closure costs related to a corrugated products facility and a paper products facility ($2.9 million after-tax or $0.03 per diluted share), $2.7 million of costs related to ceased production of softwood market pulp operations at our Wallula, Washington mill and the permanent shutdown of the No.1 machine ($1.8 million after-tax or $0.02 per diluted share), and $1.2 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($0.8 million after-tax or $0.01 per diluted share).
[2]	Includes $2.0 million of closure costs related to a corrugated products facility and a paper products facility ($1.4 million after-tax or $0.02 per diluted share) and $2.9 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($1.9 million after-tax or $0.02 per diluted share).
[3]	Includes $1.7 million of closure costs related to a corrugated products facility and a paper products facility ($1.0 million after-tax or $0.01 per diluted share), $0.3 million of acquisition-related costs for TimBar Corporation ($0.2 million after-tax or $0.0 per diluted share), and $0.9 million related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities ($0.6 million after-tax or $0.01 per diluted share).
[4]	Includes $2.8 million of closure costs related to a corrugated products facility and a paper products facility. ($1.9 million after-tax or $0.02 per diluted share).
[5]	Includes $3.5 million of income from DeRidder restructuring ($2.2 million after-tax or $0.02 per diluted share) and $3.8 million of integration-related and other costs ($2.6 million after-tax or $0.03 per diluted share).
[6]	Includes $3.8 million of income from DeRidder restructuring ($2.3 million after-tax or $0.02 per diluted share) and $2.4 million of integration-related and other costs ($1.7 million after-tax or $0.02 per diluted share). Also includes $6.7 million gain from the sale of our paper mill site at St. Helens, Oregon ($4.4 million after tax or $0.05 per diluted share).
[7]	Includes $1.0 million of income from DeRidder restructuring ($0.7 million after-tax or $0.01 per diluted share) and $3.7 million of integration-related and other costs ($2.3 million after-tax or $0.03 per diluted share).
[8]	Includes $10.3 million of DeRidder restructuring charges ($6.6 million after-tax or $0.07 per diluted share) and $3.5 million of integration-related and other costs ($2.2 million after-tax or $0.02 per diluted share). Also includes a $3.6 million tax credit from the State of Louisiana related to our capital investment and the jobs retained at the DeRidder, Louisiana mill.

Segment Information - Analysis of Operations by Reportable Segment (Details) - USD ($)
$ in Millions

1 Months Ended

3 Months Ended

12 Months Ended

Sep. 30, 2015

^[13]

Dec. 31, 2016

Sep. 30, 2016

Jun. 30, 2016

Mar. 31, 2016

^[4]

Dec. 31, 2015

Sep. 30, 2015

Jun. 30, 2015

Mar. 31, 2015

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

$ 5,779.0

$ 5,741.7

$ 5,852.6

$ 1,476.6

^[1]

$ 1,484.0

^[2]

$ 1,417.4

^[3]

$ 1,401.0

$ 1,390.9

^[5]

$ 1,470.8

^[6]

$ 1,454.3

^[7]

$ 1,425.7

^[8]

5,779.0

5,741.7

5,852.6

192.9

^[1]

206.4

^[2]

200.2

^[3]

$ 180.8

175.9

^[5]

219.4

^[6]

197.6

^[7]

157.1

^[8]

780.3

750.0

702.7

(91.8)

(85.5)

(88.4)

^[9]

688.5

664.5

614.3

358.0

356.5

381.0

^[10]

274.3

314.5

420.2

5,777.0

5,272.3

5,777.0

5,272.3

5,258.7

^[11]

9.4

0.0

Multiemployer pension withdrawal

^[12]

3.3

0.0

^[13]

0.9

0.0

^[13]

(7.1)

Write-Off of Deferred Financing Costs

^[14]

0.0

17.6

(1.5)

4,577.4

4,474.1

4,534.5

711.1

^[15]

714.9

^[16]

663.2

^[17]

293.3

297.3

323.0

^[10]

239.9

250.3

362.1

4,530.5

4,027.9

4,530.5

4,027.9

4,105.3

Multiemployer pension withdrawal

9.3

0.9

Paper

1,093.9

1,143.1

1,201.4

138.1

^[18]

112.5

^[19]

135.4

59.6

54.9

50.6

^[10]

31.6

58.5

51.7

946.2

976.5

946.2

976.5

968.6

1.7

Corporate and Other

107.7

124.5

116.7

(68.9)

^[20]

(77.4)

^[21]

(95.9)

^[22]

5.1

4.3

7.4

^[10]

2.8

5.7

6.4

300.3

267.9

300.3

267.9

184.8

17.6

116.9

TimBar Corporation | Packaging

1.2

2.9

$ 0.3

TimBar Corporation | Corporate and Other

4.2

$ 0.3

Boise Inc. | Packaging

Boise Inc. | Corporate and Other

4.1

DeRidder Restructuring Costs

9.3

3.5

3.8

1.0

(10.3)

Intersegment Eliminations

$ (3.8)

(2.4)

$ (3.7)

$ (3.5)

Intersegment Eliminations | Packaging

0.0

Intersegment Eliminations | Paper

7.4

3.2

5.8

Intersegment Eliminations | Corporate and Other

0.0

Intersegment Eliminations | Intersegment Eliminations

139.2

133.8

144.9

(150.7)

Operating Segments

Operating Segments | Packaging

5,779.0

5,741.7

5,852.6

Operating Segments | Paper

4,584.8

4,477.3

4,540.3

Operating Segments | Corporate and Other

1,093.9

1,143.1

1,201.4

Operating Segments | Intersegment Eliminations

246.9

258.3

261.6

Segment Reconciling Items

(150.7)

(146.6)

(137.0)

Other Expense | DeRidder Restructuring Costs | Packaging

(146.6)

(137.0)

Other Expense | Integration-Related and Other Costs | Boise Inc. | Packaging

(65.8)

Other Expense | Integration-Related and Other Costs | Boise Inc. | Corporate and Other

(4.9)

Other Restructuring | Packaging

(13.5)

Mill at St. Helens, Oregon

2.0

Sale of St. Helens Paper Mill Site

$ 6.7

0.0

^[23]

6.7

^[23]

0.0

^[23]

Mill at St. Helens, Oregon | DeRidder Restructuring Costs

$ 6.7

Wallula, Washington Mill

$ 2.7

Wallula, Washington Mill | Paper

^[24]

0.6

$ 0.0

Schedule Of Commitments And Contingencies [Line Items]

^[24]

$ 2.7

[1]	Includes $4.5 million of closure costs related to a corrugated products facility and a paper products facility ($2.9 million after-tax or $0.03 per diluted share), $2.7 million of costs related to ceased production of softwood market pulp operations at our Wallula, Washington mill and the permanent shutdown of the No.1 machine ($1.8 million after-tax or $0.02 per diluted share), and $1.2 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($0.8 million after-tax or $0.01 per diluted share).
[2]	Includes $2.0 million of closure costs related to a corrugated products facility and a paper products facility ($1.4 million after-tax or $0.02 per diluted share) and $2.9 million of acquisition-related costs for TimBar Corporation and Columbus Container, Inc. acquisitions ($1.9 million after-tax or $0.02 per diluted share).
[3]	Includes $1.7 million of closure costs related to a corrugated products facility and a paper products facility ($1.0 million after-tax or $0.01 per diluted share), $0.3 million of acquisition-related costs for TimBar Corporation ($0.2 million after-tax or $0.0 per diluted share), and $0.9 million related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities ($0.6 million after-tax or $0.01 per diluted share).
[4]	Includes $2.8 million of closure costs related to a corrugated products facility and a paper products facility. ($1.9 million after-tax or $0.02 per diluted share).
[5]	Includes $3.5 million of income from DeRidder restructuring ($2.2 million after-tax or $0.02 per diluted share) and $3.8 million of integration-related and other costs ($2.6 million after-tax or $0.03 per diluted share).
[6]	Includes $3.8 million of income from DeRidder restructuring ($2.3 million after-tax or $0.02 per diluted share) and $2.4 million of integration-related and other costs ($1.7 million after-tax or $0.02 per diluted share). Also includes $6.7 million gain from the sale of our paper mill site at St. Helens, Oregon ($4.4 million after tax or $0.05 per diluted share).
[7]	Includes $1.0 million of income from DeRidder restructuring ($0.7 million after-tax or $0.01 per diluted share) and $3.7 million of integration-related and other costs ($2.3 million after-tax or $0.03 per diluted share).
[8]	Includes $10.3 million of DeRidder restructuring charges ($6.6 million after-tax or $0.07 per diluted share) and $3.5 million of integration-related and other costs ($2.2 million after-tax or $0.02 per diluted share). Also includes a $3.6 million tax credit from the State of Louisiana related to our capital investment and the jobs retained at the DeRidder, Louisiana mill.
[9]	Includes $1.5 million of expense related to the write-off of deferred financing costs in connection with the debt refinancing discussed in Note 9, Debt.
[10]	Includes "Additions to property, plant, and equipment" and excludes cash used for "Acquisitions of businesses, net of cash acquired" as reported on our Consolidated Statements of Cash Flows.
[11]	Includes facilities closure costs related to corrugated products facilities and a paper products facility.
[12]	Includes acquisition-related costs for the TimBar Corporation and Columbus Container, Inc. acquisitions.
[13]	Includes costs related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities.
[14]	Includes $17.6 million of costs for the settlement of the Kleen Products LLC v Packaging Corp. of America et al class action lawsuit. See Note 18, Commitments, Guarantees, Indemnifications, and Legal Proceedings, for more information.
[15]	Includes $9.3 million of closure costs related to corrugated product facilities.Includes $4.2 million of acquisition-related costs for the TimBar Corporation and Columbus Container, Inc. acquisitions. Includes $0.9 million of costs related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities.
[16]	Includes net charges of $2.0 million primarily related to restructuring activities at our mill in DeRidder, Louisiana and $4.1 million of Boise acquisition integration-related and other costs.
[17]	Includes $65.8 million of costs related primarily to the conversion of the No. 3 newsprint machine at our DeRidder, Louisiana mill to produce lightweight linerboard and corrugating medium, and our exit from the newsprint business in September 2014. Includes $4.9 million of Boise acquisition integration-related and other costs.
[18]	Includes $2.7 million of costs related to ceased softwood market pulp operations at our Wallula, Washington mill and the permanent shut down of the No.1 machine. Includes $1.7 million of closure costs related to a paper products facility.
[19]	In September 2015, we sold the remaining land, buildings, and equipment at our paper mill site in St. Helens, Oregon where we ceased paper production in December 2012. We recorded a $6.7 million gain on the sale.
[20]	Includes $0.3 million of acquisition-related costs for the TimBar Corporation acquisition.
[21]	Includes $9.3 million of Boise acquisition integration-related and other costs. These costs primarily relate to professional fees, severance, retention, relocation, travel, and other integration-related costs.
[22]	Includes $13.5 million of Boise acquisition integration-related and other costs and $17.6 million of costs for the settlement of the Kleen Products LLC v Packaging Corp. of America et al class action lawsuit. See Note 18, Commitments, Guarantees, Indemnifications, and Legal Proceedings, for more information.
[23]	In September 2015, we sold the remaining land, buildings, and equipment at our paper mill site in St. Helens, Oregon where we ceased paper production in December 2012. We recorded a $6.7 million gain on the sale.
[24]	Includes costs related to ceased softwood market pulp operations at our Wallula, Washington mill and the permanent shutdown of the No. 1 machine.

Commitments, Guarantees, Indemnifications, and Legal Proceedings - Additional Information (Details)
$ in Millions

2 Months Ended

12 Months Ended

Oct. 31, 2010

Dec. 31, 2016

USD ($)

Dec. 31, 2015

USD ($)

Dec. 31, 2014

USD ($)

Capital commitments

$ 94.7

$ 83.7

Area leased under timberland cutting rights (acres) | a

75,000

Average lease renewal term

6 years

Total lease expense

$ 88.3

87.9

$ 85.6

Capital lease obligations

21.6

22.8

Interest paid, capital lease obligations

1.5

1.6

1.5

Purchases during period under purchase agreements

362.0

299.6

265.9

Environmental liabilities and asset retirement obligations

25.3

6.4

7.9

Number of other U.S. and Canadian containerboard producers

PCA and eight other U.S. and Canadian containerboard producers were named as defendants

Number of lawsuits filed by the plaintiffs

Asset Retirement Obligation

^[1]

0.0

$ 0.0

$ 17.6

Schedule Of Commitments And Contingencies [Line Items]

Environmental Contingencies

17.2

Schedule Of Commitments And Contingencies [Line Items]

Other Long-Term Liabilities

8.1

Schedule Of Commitments And Contingencies [Line Items]

Schedule Of Commitments And Contingencies [Line Items]

$ 18.9

Minimum

Purchase commitments term, years

1 year

Maximum

Schedule Of Commitments And Contingencies [Line Items]

Remaining lease term

14 years

Purchase commitments term, years

22 years

[1]	Includes $17.6 million of costs for the settlement of the Kleen Products LLC v Packaging Corp. of America et al class action lawsuit. See Note 18, Commitments, Guarantees, Indemnifications, and Legal Proceedings, for more information.

Commitments, Guarantees, Indemnifications, and Legal Proceedings - Schedule of Minimum Lease Payments Under Non-Cancelable Operating Leases (Details) $ in Millions	Dec. 31, 2016 USD ($)
Leases, Operating [Abstract]
2017	$ 64.4
2018	54.4
2019	41.8
2020	26.2
2021	19.1
Thereafter	48.4
Total	$ 254.3

Commitments, Guarantees, Indemnifications, and Legal Proceedings - Schedule of Assets Held Under Capital Lease Obligations (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Capital Leased Assets [Line Items]
Total capital lease assets, Gross	$ 28.8	$ 28.8
Less accumulated amortization	(13.7)	(12.2)
Total capital lease assets, net	15.1	16.6
Buildings
Capital Leased Assets [Line Items]
Total capital lease assets, Gross	0.3	0.3
Machinery and Equipment
Capital Leased Assets [Line Items]
Total capital lease assets, Gross	$ 28.5	$ 28.5

Commitments, Guarantees, Indemnifications, and Legal Proceedings - Schedule of Future Minimum Payments Under Capitalized Leases (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Capital Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2017	$ 2.7
2018	2.7
2019	2.7
2020	2.7
2021	2.7
Thereafter	17.7
Total minimum capital lease payments	31.2
Less amounts representing interest	(9.6)
Present value of net minimum capital lease payments	21.6
Less current maturities of capital lease obligations	(1.3)	$ (1.2)
Total long-term capital lease obligations	$ 20.3	$ 21.6

Commitments, Guarantees, Indemnifications, and Legal Proceedings - Schedule of Purchase Commitments (Details) $ in Millions	Dec. 31, 2016 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2017	$ 93.4
2018	34.0
2019	27.8
2020	21.4
2021	17.7
Thereafter	45.7
Total	$ 240.0

Quarterly Financial Data - Additional Information (Detail) - USD ($)
$ / shares in Units, $ in Millions

3 Months Ended

12 Months Ended

Dec. 31, 2016

Sep. 30, 2016

Jun. 30, 2016

Mar. 31, 2016

Dec. 31, 2015

Sep. 30, 2015

Jun. 30, 2015

Mar. 31, 2015

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

$ 1,476.6

^[1]

$ 1,484.0

^[2]

$ 1,417.4

^[3]

$ 1,401.0

^[4]

$ 1,390.9

^[5]

$ 1,470.8

^[6]

$ 1,454.3

^[7]

$ 1,425.7

^[8]

$ 5,779.0

$ 5,741.7

$ 5,852.6

Gross profit

327.1

^[1]

329.5

^[2]

320.1

^[3]

299.0

^[4]

285.0

^[5]

328.3

^[6]

317.6

^[7]

277.0

^[8]

1,275.7

1,208.0

1,229.5

Net income attributable to Packaging Corporation of America

(192.9)

^[1]

(206.4)

^[2]

(200.2)

^[3]

(180.8)

^[4]

(175.9)

^[5]

(219.4)

^[6]

(197.6)

^[7]

(157.1)

^[8]

(780.3)

(750.0)

(702.7)

$ 110.6

^[1]

$ 119.4

^[2]

$ 115.9

^[3]

$ 103.7

^[4]

$ 104.3

^[5]

$ 127.8

^[6]

$ 114.0

^[7]

$ 90.8

^[8]

$ 449.6

$ 436.8

$ 392.6

Basic income per common share (US$ per share)

$ 1.17

^[1]

$ 1.27

^[2]

$ 1.23

^[3]

$ 1.09

^[4]

$ 1.07

^[5]

$ 1.31

^[6]

$ 1.16

^[7]

$ 0.92

^[8]

$ 4.76

$ 4.47

$ 3.99

Diluted income per common share (US$ per share)

1.17

^[1]

1.26

^[2]

1.23

^[3]

1.09

^[4]

1.07

^[5]

1.31

^[6]

1.16

^[7]

0.92

^[8]

4.75

4.47

$ 3.99

Stock price - high

88.41

^[1]

82.77

^[2]

71.31

^[3]

62.67

^[4]

70.04

^[5]

73.60

^[6]

78.98

^[7]

84.88

^[8]

88.41

84.88

Stock price - low

$ 78.03

^[1]

$ 65.12

^[2]

$ 58.44

^[3]

$ 44.32

^[4]

$ 59.54

^[5]

$ 58.29

^[6]

$ 62.48

^[7]

$ 73.03

^[8]

$ 44.32

$ 58.29

$ (91.8)

$ (85.5)

$ (88.4)

^[9]

Corrugated Products Facility Closure

688.5

$ 664.5

$ 614.3

$ (4.5)

$ (2.0)

$ (1.7)

$ (2.8)

Decrease (Increase) in net income per diluted share

$ (2.9)

$ (1.4)

$ (1.0)

$ (1.9)

$ (0.03)

$ (0.02)

$ (0.01)

$ (0.02)

Withdrawal from Multiemployer Defined Benefit Plan

$ (0.9)

Decrease (Increase) in net income per diluted share

$ (0.6)

$ (0.01)

DeRidder Restructuring Costs

$ (3.5)

$ (3.8)

$ (1.0)

$ 10.3

Decrease (Increase) in net income per diluted share

$ 2.2

$ 2.3

$ 0.7

$ (6.6)

$ 0.02

$ 0.01

$ (0.07)

$ 116.9

$ (1.2)

$ (2.9)

$ (0.3)

Decrease (Increase) in net income per diluted share

$ (0.8)

$ (1.9)

$ (0.2)

$ (0.01)

$ (0.02)

$ (0.0)

Boise Inc. | Integration-Related and Other Costs

$ 3.8

$ 2.4

$ 3.7

$ 3.5

Decrease (Increase) in net income per diluted share

$ (2.6)

$ (1.7)

$ (2.3)

$ (2.2)

$ (0.03)

$ (0.02)

$ (0.03)

$ (0.02)

Mill at St. Helens, Oregon | DeRidder Restructuring Costs

$ (6.7)

Decrease (Increase) in net income per diluted share

$ 4.4

$ 0.05

Louisiana State | DeRidder Restructuring Costs

$ (3.6)

Wallula, Washington Mill

$ (2.7)