Graphic Packaging Holding Balance Sheet (2009-2025) | GPK

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Balance Sheet	Mar2009	Jun2009	Sep2009	Dec2009	Mar2010	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025
Assets
Current Assets
Cash & Equivalents	0.18B	0.16B	0.24B	0.15B	0.11B	0.17B	0.17B	0.14B	0.11B	0.19B	0.16B	0.27B	0.05B	0.05B	0.05B	0.05B	0.04B	0.03B	0.09B	0.05B	0.03B	0.16B	0.06B	0.08B	0.04B	0.05B	0.08B	0.05B	0.08B	0.04B	0.05B	0.06B	0.04B	0.01B	0.02B	0.07B	0.05B	0.05B	0.04B	0.07B	0.06B	0.06B	0.05B	0.15B	0.11B	0.08B	0.06B	0.18B	0.12B	0.09B	0.07B	0.17B	0.11B	0.11B	0.08B	0.15B	0.11B	0.12B	0.15B	0.16B	0.14B	0.12B	0.13B	0.16B	0.13B	0.12B	0.12B
Short-term Investments																																				0.00B				0.00B
Cash & Current Investments	0.18B	0.16B	0.24B	0.15B	0.11B	0.17B	0.17B	0.14B	0.11B	0.19B	0.16B	0.27B	0.05B	0.05B	0.05B	0.05B	0.04B	0.03B	0.09B	0.05B	0.03B	0.16B	0.06B	0.08B	0.04B	0.05B	0.08B	0.05B	0.08B	0.04B	0.05B	0.06B	0.04B	0.01B	0.02B	0.07B	0.05B	0.05B	0.04B	0.07B	0.06B	0.06B	0.05B	0.15B	0.11B	0.08B	0.06B	0.18B	0.12B	0.09B	0.07B	0.17B	0.11B	0.11B	0.08B	0.15B	0.11B	0.12B	0.15B	0.16B	0.14B	0.12B	0.13B	0.16B	0.13B	0.12B	0.12B
Receivables - Net	0.39B	0.41B	0.00B	0.00B	0.43B	0.41B	0.43B	0.38B	0.41B	0.44B	0.44B	0.40B	0.45B	0.45B	0.46B	0.46B	0.50B	0.50B	0.49B	0.41B	0.47B	0.49B	0.50B	0.41B	0.48B	0.48B	0.48B	0.42B	0.47B	0.50B	0.50B	0.43B	0.45B	0.49B	0.54B	0.32B	0.74B	0.70B	0.82B	0.57B	0.65B	0.64B	0.59B	0.50B	0.62B	0.69B	0.74B	0.65B	0.59B	0.59B	0.64B	0.86B	0.94B	0.95B	0.89B	0.88B	0.92B	0.93B	0.88B	0.83B	0.88B	0.88B	0.97B	0.76B	0.86B	0.87B	0.91B
Receivables - Other								0.02B				0.02B				0.02B				0.02B				0.07B				0.09B				0.06B				0.05B	0.02B	0.02B	0.02B	0.11B	0.02B	0.02B	0.02B	0.05B	0.02B	0.02B	0.02B	0.06B	0.02B	0.02B	0.01B	0.02B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.12B	0.03B	0.03B		0.02B	0.02B	0.02B	0.03B
Receivables	0.39B	0.41B	0.00B	0.00B	0.43B	0.41B	0.43B	0.40B	0.41B	0.44B	0.44B	0.42B	0.45B	0.45B	0.46B	0.48B	0.50B	0.50B	0.49B	0.43B	0.47B	0.49B	0.50B	0.48B	0.48B	0.48B	0.48B	0.51B	0.47B	0.50B	0.50B	0.49B	0.45B	0.49B	0.54B	0.37B	0.76B	0.72B	0.84B	0.68B	0.67B	0.66B	0.61B	0.56B	0.65B	0.71B	0.76B	0.71B	0.60B	0.61B	0.66B	0.88B	0.96B	0.96B	0.90B	0.89B	0.92B	0.94B	0.89B	0.95B	0.91B	0.91B	0.97B	0.78B	0.89B	0.89B	0.93B
Raw Materials								0.10B				0.14B				0.15B				0.15B				0.14B				0.16B				0.19B				0.23B				0.32B				0.37B				0.35B				0.47B				0.65B				0.68B				0.72B
Work In Process								0.04B				0.04B				0.05B				0.05B				0.05B				0.05B				0.07B				0.07B				0.10B				0.12B				0.13B				0.19B				0.22B				0.20B				0.21B
Finished Goods								0.23B				0.24B				0.27B				0.29B				0.26B				0.27B				0.24B				0.24B				0.43B				0.43B				0.47B				0.53B				0.52B				0.60B				0.55B
Inventory	0.52B	0.47B	0.47B	0.44B	0.46B	0.44B	0.44B	0.42B	0.49B	0.49B	0.49B	0.47B	0.52B	0.51B	0.50B	0.53B	0.58B	0.60B	0.59B	0.56B	0.58B	0.52B	0.53B	0.52B	0.56B	0.57B	0.57B	0.56B	0.60B	0.59B	0.59B	0.58B	0.60B	0.60B	0.62B	0.63B	0.96B	0.99B	1.03B	1.01B	1.07B	1.10B	1.08B	1.10B	1.14B	1.20B	1.15B	1.13B	1.12B	1.10B	1.18B	1.39B	1.50B	1.53B	1.56B	1.61B	1.70B	1.73B	1.74B	1.75B	1.70B	1.70B	1.75B	1.75B	1.81B	1.80B	1.78B
Current Deferred Tax Assets								0.03B				0.12B		0.09B	0.06B	0.14B	0.12B	0.11B	0.08B	0.17B	0.17B	0.17B	0.17B	0.18B	0.18B	0.18B	0.18B
Prepaid Assets	0.07B	0.06B	0.05B	0.05B	0.06B	0.07B	0.07B	0.05B	0.07B	0.07B	0.07B	0.04B	0.14B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.04B	0.03B	0.03B	0.03B	0.03B	0.04B	0.04B	0.04B	0.03B	0.04B	0.04B	0.04B	0.05B	0.05B	0.05B	0.04B	0.15B	0.07B	0.07B	0.07B	0.11B	0.05B	0.06B	0.06B	0.05B	0.06B	0.08B	0.07B	0.06B	0.08B	0.09B	0.08B	0.08B	0.10B	0.09B	0.11B	0.07B	0.08B	0.11B	0.09B	0.09B	0.12B	0.13B	0.13B	0.10B	0.14B	0.16B	0.19B
Current Assets	1.16B	1.10B	1.18B	1.02B	1.05B	1.09B	1.11B	1.01B	1.08B	1.20B	1.16B	1.31B	1.14B	1.10B	1.09B	1.20B	1.26B	1.26B	1.27B	1.23B	1.29B	1.39B	1.30B	1.05B	1.31B	1.32B	1.35B	1.07B	1.19B	1.17B	1.18B	1.11B	1.15B	1.15B	1.22B	1.17B	1.83B	1.82B	1.95B	1.76B	1.84B	1.86B	1.77B	1.81B	1.94B	2.05B	2.02B	2.02B	1.91B	1.88B	1.97B	2.50B	2.66B	2.68B	2.64B	2.71B	2.81B	2.90B	2.86B	2.85B	2.92B	2.84B	2.99B	2.78B	2.95B	2.97B	3.01B
Non-Current Assets
Property, Plant & Equipment (Net)	1.90B	1.87B	1.84B	1.80B	1.75B	1.68B	1.66B	1.64B	1.62B	1.64B	1.61B	1.63B	1.61B	1.61B	1.61B	1.73B	1.68B	1.70B	1.69B	1.68B	1.67B	1.55B	1.55B	1.55B	1.56B	1.56B	1.55B	1.59B	1.69B	1.75B	1.77B	1.75B	1.79B	1.81B	1.82B	1.87B	3.10B	3.11B	3.15B	3.24B	3.20B	3.20B	3.21B	3.25B	3.29B	3.38B	3.44B	3.56B	3.63B	3.75B	4.02B	4.68B	4.67B	4.60B	4.51B	4.58B	4.68B	4.75B	4.80B	4.99B	4.68B	4.83B	5.03B	5.26B	5.38B	5.60B	5.66B
Long-Term Investments			-0.89B	-1.03B	-1.04B	-1.01B	-1.05B	-1.09B	-1.17B																															0.00B
Goodwill	1.21B	1.21B	1.21B	1.20B	1.21B	1.20B	1.20B	1.21B	1.21B	0.11B	1.12B	1.14B	1.13B	1.12B	1.12B	1.14B	1.16B	1.13B	1.13B	1.13B	1.08B	1.19B	1.12B	1.12B	1.18B	1.16B	1.16B	1.17B	1.28B	0.21B	1.26B	1.26B	1.27B	1.27B	1.31B	1.32B	1.61B	1.56B	1.56B	1.46B	1.47B	1.47B	1.47B	1.48B	1.46B	1.47B	1.47B	1.48B	1.48B	1.48B	1.54B	2.02B	2.01B	1.97B	1.94B	1.98B	2.05B	2.05B	2.07B	2.10B	2.01B	2.01B	2.03B	1.99B	2.02B	2.06B	2.06B
Intangibles	0.65B	0.64B	0.63B	0.62B	0.61B	0.60B	0.59B	0.58B	0.57B	0.56B	0.55B	0.54B	0.53B	0.52B	0.51B	0.51B	0.49B	0.49B	0.48B	0.47B	0.44B	0.35B	0.40B	0.39B	0.38B	0.40B	0.38B	0.39B	0.48B	0.49B	0.46B	0.45B	0.43B	0.42B	0.45B	0.44B	0.51B	0.51B	0.55B	0.52B	0.51B	0.49B	0.48B	0.48B	0.46B	0.46B	0.45B	0.44B	0.42B	0.41B	0.45B	0.87B	0.83B	0.79B	0.74B	0.72B	0.71B	0.69B	0.82B	0.82B	0.75B	0.72B	0.71B	0.67B	0.67B	0.70B	0.68B
Goodwill & Intangibles	1.87B	1.85B	1.84B	1.82B	1.82B	1.80B	1.79B	1.78B	1.77B	0.67B	1.67B	1.67B	1.66B	1.64B	1.63B	1.65B	1.65B	1.62B	1.60B	1.59B	1.52B	1.54B	1.52B	1.50B	1.56B	1.56B	1.54B	1.55B	1.76B	0.70B	1.73B	1.71B	1.70B	1.69B	1.76B	1.76B	2.12B	2.07B	2.11B	1.98B	1.98B	1.95B	1.95B	1.96B	1.92B	1.93B	1.92B	1.92B	1.90B	1.89B	1.99B	2.88B	2.84B	2.76B	2.68B	2.70B	2.76B	2.74B	2.89B	2.92B	2.76B	2.74B	2.75B	2.66B	2.70B	2.76B	2.75B
Long-Term Deferred Tax																																				0.01B				0.01B
Other Non-Current Assets	0.04B	0.05B	0.05B	0.06B	0.06B	0.05B	0.05B	0.05B	0.05B	0.05B	0.05B	0.04B	0.05B	0.05B	0.05B	0.05B	0.04B	0.04B	0.05B	0.06B	0.06B	0.07B	0.06B	0.04B	0.06B	0.07B	0.07B	0.05B	0.05B	0.05B	0.05B	0.03B	0.03B	0.04B	0.04B	0.07B	0.08B	0.08B	0.09B	0.07B	0.27B	0.27B	0.27B	0.28B	0.30B	0.31B	0.31B	0.31B	0.30B	0.33B	0.31B	0.40B	0.37B	0.35B	0.35B	0.35B	0.35B	0.34B	0.36B	0.41B	0.56B	0.43B	0.47B	0.44B	0.46B	0.47B	0.46B
Non-Current Assets	3.81B	3.77B	3.72B	3.68B	3.62B	3.54B	3.51B	3.47B	3.44B	3.46B	3.33B	3.34B	3.32B	3.30B	3.28B	3.43B	3.38B	3.36B	3.35B	3.14B	3.25B	3.16B	3.13B	3.09B	3.18B	3.19B	3.16B	3.19B	3.50B	3.55B	3.54B	3.49B	3.52B	3.54B	3.62B	3.69B	5.31B	5.26B	5.35B	5.30B	5.45B	5.42B	5.42B	5.48B	5.51B	5.62B	5.66B	5.79B	5.84B	5.96B	6.32B	7.96B	7.89B	7.71B	7.54B	7.62B	7.79B	7.84B	8.05B	8.33B	8.43B	7.99B	8.24B	8.36B	8.54B	8.83B	8.86B
Assets	4.96B	4.87B	4.90B	4.70B	4.68B	4.63B	4.62B	4.48B	4.52B	4.66B	4.49B	4.65B	4.46B	4.40B	4.37B	4.63B	4.63B	4.62B	4.62B	4.37B	4.54B	4.55B	4.43B	4.14B	4.49B	4.51B	4.51B	4.26B	4.69B	4.72B	4.72B	4.60B	4.66B	4.69B	4.84B	4.86B	7.13B	7.08B	7.31B	7.06B	7.29B	7.29B	7.19B	7.29B	7.45B	7.67B	7.68B	7.80B	7.75B	7.84B	8.29B	10.46B	10.54B	10.40B	10.18B	10.33B	10.60B	10.74B	10.90B	11.18B	11.35B	10.83B	11.23B	11.14B	11.50B	11.79B	11.88B
Liabilities
Current Liabilities
Accounts Payables								0.36B		0.39B	0.38B	0.41B	0.41B	0.39B	0.40B	0.45B	0.44B	0.45B	0.45B	0.43B	0.42B	0.41B	0.42B	0.42B	0.44B	0.41B	0.41B	0.46B	0.41B	0.42B	0.43B	0.47B	0.45B	0.47B	0.49B	0.52B	0.61B	0.63B	0.64B	0.71B	0.61B	0.64B	0.63B	0.72B	0.63B	0.68B	0.74B	0.82B	0.78B	0.84B	0.89B	1.12B	1.03B	1.01B	1.00B	1.12B	1.01B	1.00B	0.94B	1.09B	0.94B	0.97B	0.94B	1.12B	0.91B	0.98B	0.86B
Notes Payables																																				0.01B				0.01B
Dividends payables																																				0.02B				0.02B
Payables								0.36B		0.39B	0.38B	0.41B	0.41B	0.39B	0.40B	0.45B	0.44B	0.45B	0.45B	0.43B	0.42B	0.41B	0.42B	0.42B	0.44B	0.41B	0.41B	0.46B	0.41B	0.42B	0.43B	0.47B	0.45B	0.47B	0.49B	0.55B	0.61B	0.63B	0.64B	0.75B	0.61B	0.64B	0.63B	0.72B	0.63B	0.68B	0.74B	0.82B	0.78B	0.84B	0.89B	1.12B	1.03B	1.01B	1.00B	1.12B	1.01B	1.00B	0.94B	1.09B	0.94B	0.97B	0.94B	1.12B	0.91B	0.98B	0.86B
Accumulated Expenses	0.09B	0.10B	0.11B	0.04B	0.04B	0.04B	0.03B	0.09B	0.04B	0.02B	0.04B	0.10B	0.03B	0.01B	0.02B	0.13B	0.03B	0.01B	0.02B	0.11B				0.12B	0.10B	0.10B	0.12B	0.12B	0.10B	0.11B	0.10B	0.11B	0.10B	0.11B	0.12B	0.11B	0.15B	0.15B	0.16B	0.15B	0.12B	0.14B	0.14B	0.17B	0.11B	0.17B	0.19B	0.21B	0.16B	0.18B	0.17B	0.21B	0.20B	0.23B	0.27B	0.29B	0.18B	0.20B	0.25B	0.27B	0.17B	0.18B	0.19B	0.18B	0.17B	0.19B	0.20B
Other Accumulated Expenses								0.09B		0.19B	0.18B	0.08B	0.18B	0.18B	0.20B	0.08B	0.16B	0.16B	0.18B	0.08B	0.19B	0.19B	0.22B	0.09B	0.09B	0.11B	0.11B	0.11B	0.11B	0.13B	0.14B	0.13B	0.13B	0.15B	0.16B	0.15B	0.19B	0.20B	0.31B	0.24B	0.24B	0.25B	0.26B	0.24B	0.26B	0.28B	0.29B	0.29B	0.33B	0.42B	0.42B	0.40B	0.39B	0.43B	0.43B	0.41B	0.46B	0.42B	0.43B	0.40B	0.44B	0.44B	0.50B	0.48B	0.38B	0.39B	0.39B
Short term Debt	0.02B	0.03B	0.03B	0.02B	0.02B	0.03B	0.03B	0.03B	0.03B	0.02B	0.02B	0.03B	0.05B	0.06B	0.06B	0.08B	0.09B	0.09B	0.08B	0.08B	0.08B	0.07B	0.07B	0.03B	0.04B	0.03B	0.03B	0.04B	0.03B	0.06B	0.06B	0.06B	0.07B	0.05B	0.05B	0.06B	0.06B	0.05B	0.05B	0.05B	0.05B	0.06B	0.05B	0.05B	0.05B	0.48B	0.50B	0.50B	0.05B	0.02B	0.02B	0.28B	0.29B	0.29B	0.30B	0.05B	0.06B	0.46B	0.76B	0.76B	0.76B	0.33B	0.03B	0.04B	0.04B	0.44B	0.45B
Current Leases																																				0.00B				0.00B
Current Taxes																																																												0.01B			0.02B	0.01B	0.02B	0.01B	0.01B
Current Deferred Revenue																																				0.01B				0.01B
Total Current Liabilities	0.64B	0.64B	0.66B	0.63B	0.61B	0.61B	0.60B	0.60B	0.59B	0.63B	0.62B	0.65B	0.67B	0.65B	0.69B	0.75B	0.71B	0.72B	0.74B	0.71B	0.69B	0.67B	0.71B	0.68B	0.68B	0.67B	0.69B	0.73B	0.67B	0.73B	0.73B	0.78B	0.76B	0.77B	0.82B	0.85B	1.00B	1.03B	1.17B	1.17B	1.02B	1.09B	1.09B	1.20B	1.04B	1.61B	1.72B	1.86B	1.32B	1.46B	1.50B	2.05B	1.95B	2.01B	2.03B	1.93B	1.74B	2.14B	2.44B	2.59B	2.37B	1.96B	1.73B	1.90B	1.57B	2.07B	1.95B
Non-Current Liabilities
Non-Current Debt	3.21B	3.04B	3.01B	2.78B	2.78B	2.74B	2.70B	2.55B	2.55B	2.42B	2.34B	2.34B	2.10B	2.01B	1.91B	2.25B	2.28B	2.24B	2.15B	2.18B	2.13B	2.25B	2.01B	1.93B	2.07B	2.01B	1.96B	1.84B	2.27B	2.21B	2.19B	2.09B	2.18B	2.17B	2.23B	2.21B	3.04B	2.92B	2.88B	2.91B	3.13B	3.00B	2.94B	2.81B	3.43B	3.03B	3.20B	3.15B	3.79B	3.74B	4.13B	5.51B	5.64B	5.51B	5.20B	5.20B	5.46B	5.05B	4.82B	4.61B	4.93B	4.93B	5.37B	5.14B	5.67B	5.39B	5.47B
Non-Current Deffered Revenue																																				0.01B				0.01B
Pension	0.38B	0.38B	0.37B					0.28B				0.36B				0.42B				0.20B				0.31B	0.30B	0.27B	0.25B	0.25B	0.24B	0.28B	0.25B	0.20B	0.19B	0.19B	0.16B	0.08B	0.08B	0.08B	0.07B	0.11B	0.11B	0.11B	0.10B	0.14B	0.12B	0.12B	0.11B	0.13B	0.12B	0.12B	0.10B	0.14B	0.13B	0.13B	0.11B	0.11B	0.11B	0.11B	0.10B	0.10B	0.10B	0.10B	0.10B	0.09B	0.10B	0.10B	0.10B
Minority Interest												0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B																0.45B	0.46B	0.47B	0.28B	0.44B	0.47B	0.48B	0.49B	0.50B	0.52B	0.41B	0.42B	0.20B			0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B
Liabilities from Discontinued Operations																																																													0.02B
Non-Current Deferred Tax Liability	0.20B	0.21B	0.22B	0.23B	0.24B	0.24B	0.25B	0.66B	0.24B	0.25B	0.24B	0.63B	0.06B	0.07B	0.07B	0.64B	0.14B	0.14B	0.16B	0.67B	0.35B	0.31B	0.36B	0.13B	0.35B	0.40B	0.43B	0.27B	0.34B	0.35B	0.37B	0.72B	0.38B	0.40B	0.42B	0.32B	0.44B	0.45B	0.46B	0.53B	0.48B	0.49B	0.50B	0.57B	0.52B	0.53B	0.53B	0.57B	0.49B	0.40B	0.42B	0.78B	0.60B	0.61B	0.64B	0.94B	0.70B	0.71B	0.68B	0.94B	0.71B	0.67B	0.63B	0.61B	0.62B	0.63B	0.70B
Operating Leases																																								0.03B
Other Non-Current Liabilities	0.05B	0.05B	0.05B	0.33B	0.32B	0.34B	0.34B	0.07B	0.34B	0.31B	0.30B	0.06B	0.43B	0.42B	0.40B	0.07B	0.48B	0.48B	0.47B	0.07B	0.27B	0.26B	0.26B	0.08B	0.08B	0.07B	0.07B	0.07B	0.08B	0.07B	0.07B	0.07B	0.07B	0.07B	0.08B	0.10B	0.13B	0.15B	0.17B	0.12B	0.26B	0.27B	0.26B	0.27B	0.28B	0.29B	0.30B	0.29B	0.30B	0.31B	0.28B	0.28B	0.27B	0.25B	0.25B	0.27B	0.28B	0.29B	0.32B	0.36B	0.36B	0.35B	0.39B	0.38B	0.38B	0.39B	0.38B
Total Non-Current Liabilities	4.43B	4.27B	4.25B	3.64B	3.63B	3.59B	3.55B	3.66B	3.39B	3.30B	3.20B	-0.04B	2.85B	2.74B	2.68B	-0.06B	3.15B	3.11B	3.06B	3.24B	3.18B	3.22B	3.08B	3.05B	3.40B	3.35B	3.33B	3.09B	3.51B	3.56B	3.54B	3.48B	3.51B	3.52B	3.63B	3.47B	4.85B	4.76B	4.88B	4.92B	5.02B	4.96B	4.90B	4.97B	5.16B	5.34B	5.55B	5.67B	5.71B	5.72B	6.15B	8.28B	8.32B	8.25B	7.97B	7.91B	8.01B	8.00B	8.04B	8.03B	8.13B	7.66B	7.83B	7.75B	7.96B	8.19B	8.22B
Total Liabilities	4.47B	4.32B	4.30B	3.97B	3.95B	3.93B	3.89B	3.74B	3.73B	3.61B	3.50B	0.01B	3.27B	3.16B	3.08B	0.01B	3.63B	3.59B	3.52B	3.31B	3.45B	3.48B	3.33B	3.13B	3.48B	3.42B	3.40B	3.15B	3.59B	3.63B	3.61B	3.55B	3.58B	3.59B	3.71B	3.57B	4.97B	4.91B	5.04B	5.04B	5.29B	5.23B	5.16B	5.23B	5.44B	5.63B	5.85B	5.96B	6.01B	6.03B	6.43B	8.56B	8.59B	8.51B	8.22B	8.18B	8.29B	8.29B	8.36B	8.39B	8.49B	8.02B	8.22B	8.13B	8.34B	8.58B	8.59B
Shareholder's Equity
Total Debt	3.23B	3.07B	3.04B	2.80B	2.80B	2.77B	2.73B	2.58B	2.58B	2.44B	2.36B	2.37B	2.15B	2.07B	1.98B	2.33B	2.37B	2.32B	2.23B	2.25B	2.21B	2.32B	2.08B	1.96B	2.11B	2.04B	1.99B	1.88B	2.30B	2.27B	2.25B	2.15B	2.25B	2.21B	2.27B	2.27B	3.10B	2.98B	2.93B	2.96B	3.18B	3.06B	2.99B	2.86B	3.48B	3.51B	3.69B	3.64B	3.84B	3.76B	4.15B	5.79B	5.93B	5.80B	5.50B	5.25B	5.52B	5.51B	5.58B	5.37B	5.69B	5.26B	5.40B	5.18B	5.71B	5.83B	5.92B
Common Equity	0.49B	0.55B	0.60B	0.73B	-1.04B	-1.01B	-1.05B	0.75B	-1.17B	1.05B	0.99B	1.17B	1.19B	1.24B	1.29B	0.97B	1.00B	1.03B	1.10B	1.06B	1.09B	1.06B	1.10B	1.01B	1.01B	1.09B	1.10B	1.10B	1.10B	1.09B	1.11B	1.06B	1.08B	1.10B	1.13B	1.29B	2.16B	2.17B	2.26B	2.02B	2.01B	2.06B	2.03B	2.06B	2.01B	2.04B	1.83B	1.84B	1.74B	1.81B	1.85B	1.89B	1.95B	1.89B	1.96B	2.15B	2.31B	2.45B	2.54B	2.78B	2.86B	2.81B	3.01B	3.01B	3.16B	3.22B	3.29B
Shareholder's Equity				0.73B				0.75B		1.05B	0.99B	1.17B	1.19B	1.24B	1.29B	0.97B	1.00B	1.03B	1.10B	1.06B	1.09B	1.06B	1.10B	1.01B	1.01B	1.09B	1.10B	1.10B	1.10B	1.09B	1.11B	1.06B	1.08B	1.10B	1.13B	1.29B	2.16B	2.17B	2.26B	2.02B	2.01B	2.06B	2.03B	2.06B	2.01B	2.04B	1.83B	1.84B	1.74B	1.81B	1.85B	1.89B	1.95B	1.89B	1.96B	2.15B	2.31B	2.45B	2.54B	2.78B	2.86B	2.81B	3.01B	3.01B	3.16B	3.22B	3.29B
Liabilities and Shareholders Equity	4.96B	4.87B	4.90B	4.70B	4.68B	4.63B	4.62B	4.48B	4.52B	4.66B	4.49B	4.65B	4.46B	4.40B	4.37B	4.63B	4.63B	4.62B	4.62B	4.37B	4.54B	4.55B	4.43B	4.14B	4.49B	4.51B	4.51B	4.26B	4.69B	4.72B	4.72B	4.60B	4.66B	4.69B	4.84B	4.86B	7.13B	7.08B	7.31B	7.06B	7.29B	7.29B	7.19B	7.29B	7.45B	7.67B	7.68B	7.80B	7.75B	7.84B	8.29B	10.46B	10.54B	10.40B	10.18B	10.33B	10.60B	10.74B	10.90B	11.18B	11.35B	10.83B	11.23B	11.14B	11.50B	11.79B	11.88B
Retained Earnings	-0.37B	-0.33B	-0.31B	-1.02B	-0.22B	-0.22B	-0.21B	-1.01B	-0.20B	-0.95B	-1.00B	-0.73B	-0.71B	-0.67B	-0.63B	-0.63B	-0.60B	-0.58B	-0.53B	-0.54B	-0.51B	-0.55B	-0.49B	-0.45B	-0.42B	-0.38B	-0.34B	-0.35B	-0.34B	-0.38B	-0.38B	-0.39B	-0.37B	-0.35B	-0.34B	-0.34B	-0.32B	-0.34B	-0.34B	-0.38B	-0.37B	-0.38B	-0.39B	-0.37B	-0.30B	-0.29B	-0.26B	-0.25B	-0.24B	-0.22B	-0.23B	-0.22B	-0.24B	-0.34B	-0.44B	0.47B	0.62B	0.74B	0.88B	1.03B	1.16B	1.17B	1.30B	1.41B	1.50B	1.49B	1.57B
Treasury Shares				0.01B				0.01B				0.02B				0.01B				0.01B				0.01B	0.00B	0.00B	0.00B	0.01B	0.00B	0.01B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B				0.00B	0.01B	0.00B	0.01B	0.01B	0.01B	0.00B	0.02B	0.01B				0.00B		0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B		0.01B	7,243.73B	0.01B		0.00B	6,765.25B

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Graphic Packaging Holding Balance Sheet (2009-2025) | GPK

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