v3.25.2
Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Millions
Total
Total Shareholders' Equity
Common Stock
Capital in Excess of Par Value
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2023 [1]     260,000,000          
Beginning balance at Dec. 31, 2023 [1] $ 6,174 $ 6,158 $ 0 $ 3,575 $ (91) $ 3,521 $ (847) $ 16
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss) income 323 323       323    
Other comprehensive income (loss), net of tax (224) (224)         (224)  
Share-based compensation 30 30   30        
Shares distributed by Smurfit Kappa Employee Trust 0 0   (25) 25      
Purchases of treasury stock (27) (27)     (27)      
Issuance of common stock (in shares)     1,000,000          
Issuance of common stock 0              
Dividends declared (335) (335)       (335)    
Ending balance (in shares) at Jun. 30, 2024     261,000,000          
Ending balance at Jun. 30, 2024 5,941 5,925 $ 0 3,580 (93) 3,509 (1,071) 16
Beginning balance (in shares) at Mar. 31, 2024 [2]     261,000,000          
Beginning balance at Mar. 31, 2024 [2] 6,249 6,233 $ 0 3,564 (93) 3,712 (950) 16
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss) income 132 132       132    
Other comprehensive income (loss), net of tax (121) (121)         (121)  
Share-based compensation 16 16   16        
Dividends declared (335) (335)       (335)    
Ending balance (in shares) at Jun. 30, 2024     261,000,000          
Ending balance at Jun. 30, 2024 $ 5,941 5,925 $ 0 3,580 (93) 3,509 (1,071) 16
Beginning balance (in shares) at Dec. 31, 2024 520,444,261   520,000,000          
Beginning balance at Dec. 31, 2024 $ 17,387 17,360 $ 1 15,948 (93) 2,950 (1,446) 27
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss) income 356 356       356    
Other comprehensive income (loss), net of tax 1,018 1,018         1,018  
Share-based compensation 79 79   79        
Shares distributed by Smurfit Kappa Employee Trust 0 0   (17) 17      
Issuance of common stock net of tax paid in connection with shares withheld from employees (in shares)     2,000,000          
Issuance of common stock net of tax paid in connection with shares withheld from employees (66) (66)   1   (67)    
Cancellation of deferred shares by Smurfit Kappa Employee Trust 0 0     11 (11)    
Dividends declared [3] $ (450) (450)   7   (457)    
Ending balance (in shares) at Jun. 30, 2025 522,058,394   522,000,000          
Ending balance at Jun. 30, 2025 $ 18,324 18,297 $ 1 16,018 (65) 2,771 (428) 27
Beginning balance (in shares) at Mar. 31, 2025     522,000,000          
Beginning balance at Mar. 31, 2025 17,889 17,864 $ 1 15,977 (65) 3,030 (1,079) 25
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss) income (26) (28)       (28)   2
Other comprehensive income (loss), net of tax 651 651         651  
Share-based compensation 38 38   38        
Issuance of common stock net of tax paid in connection with shares withheld from employees (3) (3)       (3)    
Dividends declared [4] $ (225) (225)   3   (228)    
Ending balance (in shares) at Jun. 30, 2025 522,058,394   522,000,000          
Ending balance at Jun. 30, 2025 $ 18,324 $ 18,297 $ 1 $ 16,018 $ (65) $ 2,771 $ (428) $ 27
[1] Pursuant to the Transaction Agreement, on July 5, 2024 each issued ordinary share, par value €0.001 per share, of Smurfit Kappa (a “Smurfit Kappa Share”) was exchanged for
one ordinary share, par value $0.001 per share, of Smurfit Westrock (a “Smurfit Westrock Share”). The exchange of shares is reflected retroactively to the earliest period
presented.
[2] Pursuant to the Transaction Agreement, on July 5, 2024 each issued ordinary share, par value €0.001 per share, of Smurfit Kappa (a “Smurfit Kappa Share”) was exchanged for
one ordinary share, par value $0.001 per share, of Smurfit Westrock (a “Smurfit Westrock Share”). The exchange of shares is reflected retroactively to the earliest period
presented.
[3] Includes cash dividends and dividend equivalent units declared on certain unvested share-based payment awards.
[4] Includes cash dividends and dividend equivalent units declared on certain unvested share-based payment awards.