Other Income (Expense), Net

6 Months Ended

Jun. 30, 2025

Other Income and Expenses [Abstract]

5. Other Income (Expense), Net

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


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2025			2024			2025			2024
Facilities closure and other income (costs) (a)	$	25.3		$	(0.1	)	$	23.0		$	—
Asset disposals and write-offs		(10.5	)		(8.0	)		(18.8	)		(15.5	)
Acquisition and integration-related costs		(1.6	)		—			(1.6	)		—
DeRidder litigation (b)		—			(2.0	)		—			(125.7	)
DeRidder litigation insurance recovery (b)		—			2.0			—			125.7
Jackson mill conversion-related activities (c)		—			0.6			—			(7.6	)
Other		(9.3	)		(4.7	)		(11.8	)		(11.7	)
Total	$	3.9		$	(12.2	)	$	(9.2	)	$	(34.8	)

(a)

For the three and six months ended June 30, 2025, includes income related to gains on sales of corrugated products facilities, partially offset by closure costs related to corrugated products facilities. For the three months ended June 30, 2024, includes charges consisting of closure costs related to corrugated products facilities. For the six months ended June 30, 2024, these charges were completely offset by income primarily related to a favorable lease buyout for a closed corrugated products facility during the first quarter of 2024.

(b)

On April 24, 2024, a jury for the remaining DeRidder mill lawsuit that was tried in the U.S. District Court for the Middle District of Louisiana awarded plaintiffs compensatory damages plus interest. For more information on the DeRidder mill lawsuit, see Note 19, Commitments, Guarantees, Indemnifications, and Legal Proceedings, of the Notes to Consolidated Financial Statements in “Part II, Item 8. Financial Statements and Supplementary Data” of our 2024 Annual Report on Form 10-K.

(c)

Includes items related to the announced discontinuation of production of uncoated freesheet paper grades on the No. 3 machine at the Jackson, Alabama mill associated with the permanent conversion of the machine to produce linerboard and other paper-to-containerboard conversion related activities.

PACKAGING CORP OF AMERICA 10-Q