v3.25.3
GENERAL INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Transfer of Financial Assets Accounted for as Sales The following table summarizes the activity under these programs for the nine months ended September 30, 2025 and 2024, respectively:
Nine Months Ended September 30,
In millions20252024
Receivables Sold and Derecognized
$2,725 $2,687 
Proceeds Collected on Behalf of Financial Institutions2,697 2,665 
Net Proceeds Paid to Financial Institutions(42)(32)
Deferred Purchase Price at September 30(a)
47 35 
Pledged Receivables at September 30140 171 
(a) Included in Other Current Assets on the Condensed Consolidated Balance Sheets and represents a beneficial interest in the receivables sold to the financial institutions, which is a Level 3 fair value measure.
Schedule of Share Repurchases During the Period
The following table presents the Company's share repurchases under the 2023 share repurchase program for the nine months ended September 30, 2025 and 2024, respectively:

In millions, except share and per share amountsAmount RepurchasedNumber of Shares RepurchasedAverage Price per Share
2025(a)
$150 6,765,249 $22.17 
2024(a)(b)
$200 7,243,734 $27.61 
(a) Excluding $1 million and $2 million of excise taxes incurred in 2025 and 2024, respectively.
(b) Includes $65 million shares repurchased under the 2019 share repurchase program thereby completing that program.
Schedule of Dividends Declared
During the first nine months of 2025, the Company's Board of Directors declared three regular quarterly dividends of $0.11 per share of common stock to shareholders of record as follows:

Date DeclaredRecord DatePayment Date
February 4, 2025March 15, 2025April 5, 2025
May 22, 2025June 15, 2025July 5, 2025
July 31, 2025September 15, 2025October 8, 2025
Schedule of Business Combinations, Exit Activities and Other Special Items, Net
The following table summarizes the transactions recorded in Business Combinations, Exit Activities and Other Special Items, Net in the Condensed Consolidated Statements of Operations:

 Three Months Ended September 30,Nine Months Ended September 30,
In millions2025202420252024
Exit Activities(a)
$21 $13 $48 $35 
(Gains)/Charges Associated with Divestitures(b)
— 1 1 (71)
Charges Associated with Business Combinations
— — — 1 
Other Special Items(c)(d)
1 2 (2)12 
Total
$22 $16 $47 $(23)
(a) Relates to the Company's closures of its two smaller recycled paperboard manufacturing facilities, the closures of multiple packaging facilities and start-up charges for the new recycled paperboard manufacturing facility in Waco, Texas (see "Note 12 - Exit Activities").
(b) Relates to the Company's divestiture of its Augusta, Georgia bleached paperboard manufacturing facility (the "Augusta Divestiture") in Q2 2024.
(c) In 2025, $3 million was credited to compensation expense for stock incentive plans for the nine months ended September 30, 2025 due to Company performance adjustments for the 2024 and 2025 grants of performance-based restricted stock units previously expensed in 2024, and related to the terms of the 2024 grants (which differed from the 2023 grants) under the Graphic Packaging Holding Company 2014 Omnibus Stock and Incentive Compensation Plan (the "2014 Plan") (see "Note 4 - Stock Incentive Plans").
(d) In 2024, these costs include $3 million related to the devaluation of the Nigerian Naira and $8 million related to the change in terms of the 2024 grants of restricted stock units (compared to the 2023 grants) under the 2014 plan (see "Note 4 - Stock Incentive Plans") through September 30, 2024.