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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and Cash Equivalents $ 125 $ 162
Receivables, Net 875 835
Inventories, Net 1,699 1,754
Assets Held for Sale 11 0
Other Current Assets 130 94
Total Current Assets 2,840 2,845
Property, Plant and Equipment, Net 4,826 4,992
Goodwill 2,014 2,103
Intangible Assets, Net 722 820
Other Assets 426 415
Total Assets 10,828 11,175
Current Liabilities:    
Short-Term Debt and Current Portion of Long-Term Debt 327 764
Accounts Payable 973 1,094
Compensation and Employee Benefits 179 273
Interest Payable 48 63
Other Accrued Liabilities 436 395
Total Current Liabilities 1,963 2,589
Long-Term Debt 4,930 4,609
Deferred Income Tax Liabilities 666 731
Accrued Pension and Postretirement Benefits 102 104
Other Noncurrent Liabilities 354 360
SHAREHOLDERS’ EQUITY    
Preferred Stock, par value $0.01 per share; 100,000,000 shares authorized; no shares issued or outstanding 0 0
Common Stock, par value $0.01 per share; 1,000,000,000 shares authorized; 300,101,971 and 306,058,815 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 3 3
Capital in Excess of Par Value 2,031 2,062
Retained Earnings 1,167 1,029
Accumulated Other Comprehensive Loss (389) (313)
Total Graphic Packaging Holding Company Shareholders' Equity 2,812 2,781
Noncontrolling Interest 1 1
Total Equity 2,813 2,782
Total Liabilities and Shareholders' Equity $ 10,828 $ 11,175