v3.25.3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Current Assets:
Cash and Cash Equivalents	$ 120	$ 157
Receivables, Net	908	759
Inventories, Net	1,785	1,754
Assets Held for Sale	15	15
Other Current Assets	186	99
Total Current Assets	3,014	2,784
Property, Plant and Equipment, Net	5,663	5,258
Goodwill	2,063	1,993
Intangible Assets, Net	683	667
Other Assets	455	442
Total Assets	11,878	11,144
Current Liabilities:
Short-Term Debt and Current Portion of Long-Term Debt	446	39
Accounts Payable	857	1,116
Compensation and Employee Benefits	205	176
Interest Payable	51	73
Income Tax Payable	6	15
Other Accrued Liabilities	386	484
Total Current Liabilities	1,951	1,903
Long-Term Debt	5,472	5,145
Deferred Income Tax Liabilities	698	613
Accrued Pension and Postretirement Benefits	95	94
Other Noncurrent Liabilities	376	376
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; 295,112,894 and 300,163,372 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively	3	3
Capital in Excess of Par Value	1,979	2,054
Retained Earnings	1,575	1,410
Accumulated Other Comprehensive Loss	(272)	(455)
Total Graphic Packaging Holding Company Shareholders' Equity	3,285	3,012
Noncontrolling Interest	1	1
Total Equity	3,286	3,013
Total Liabilities and Shareholders' Equity	$ 11,878	$ 11,144

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

GRAPHIC PACKAGING HOLDING CO 10-Q