v3.26.1
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 Interests
Beginning balance (in shares) at Dec. 31, 2024     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 income (loss) 356 356       356    
Other comprehensive income, net of tax 1,018 1,018         1,018  
Share-based compensation 79 79   79        
Shares distributed by Smurfit Kappa Employee Trust, net of tax paid in connection with shares withheld from employees 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 shares held in treasury stock by Smurfit Kappa Employee Trust 0 0     11 (11)    
Dividends declared [1] (450) (450)   7   (457)    
Ending balance (in shares) at Jun. 30, 2025     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 income (loss) (26) (28)       (28)   2
Other comprehensive income, 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 [2] (225) (225)   3   (228)    
Ending balance (in shares) at Jun. 30, 2025     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 Dec. 31, 2025 522,310,486   522,000,000          
Beginning balance at Dec. 31, 2025 $ 18,354 18,327 $ 1 16,083 (64) 2,655 (348) 27
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 151 154       154   (3)
Other comprehensive income, net of tax 49 49         49  
Share-based compensation 50 50   50        
Shares distributed by Smurfit Kappa Employee Trust, net of tax paid in connection with shares withheld from employees (15) (15)   (18) 18 (15)    
Re-issuance of shares by Smurfit Kappa Employee Trust 14 14   3 11      
Issuance of common stock net of tax paid in connection with shares withheld from employees (in shares)     3,000,000          
Issuance of common stock net of tax paid in connection with shares withheld from employees (69) (69)   1   (70)    
Cancellation of shares held in treasury stock by Smurfit Kappa Employee Trust 0 0     1 (1)    
Dividends declared [3] $ (474) (474)   6   (480)    
Ending balance (in shares) at Jun. 30, 2026 524,522,908   525,000,000          
Ending balance at Jun. 30, 2026 $ 18,060 18,036 $ 1 16,125 (34) 2,243 (299) 24
Beginning balance (in shares) at Mar. 31, 2026     524,000,000          
Beginning balance at Mar. 31, 2026 18,083 18,058 $ 1 16,095 (34) 2,397 (401) 25
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 88 89       89   (1)
Other comprehensive income, net of tax 102 102         102  
Share-based compensation 26 26   26        
Issuance of common stock net of tax paid in connection with shares withheld from employees (in shares)     1,000,000          
Issuance of common stock net of tax paid in connection with shares withheld from employees (2) (2)       (2)    
Dividends declared [2] $ (237) (237)   4   (241)    
Ending balance (in shares) at Jun. 30, 2026 524,522,908   525,000,000          
Ending balance at Jun. 30, 2026 $ 18,060 $ 18,036 $ 1 $ 16,125 $ (34) $ 2,243 $ (299) $ 24
[1] Includes cash dividends and dividend equivalent units declared on certain unvested share-based payment awards.
[2] Includes cash dividends and dividend equivalent units declared on certain unvested share-based payment awards.
[3] Includes cash dividends and dividend equivalent units declared on certain unvested share-based payment awards.