Packaging Corporation of America (PKG) 10-K2021 FY Annual report

Filed: 24 Feb 22, 1:45pm

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New words: accomplishment, Advance, Advanced, baseline, Benchmark, biogenic, boxcar, Chicago, Darla, deploy, disaster, dismissed, duty, embark, enjoy, ESG, extreme, feasible, foot, frequency, fringe, goal, Grand, halt, highest, hire, history, hone, ID, IL, jointly, leadership, Lybrand, mandatory, mask, Middle, neutrality, nondeductible, notably, Olivier, Omicron, onset, overwhelmingly, partnering, plaintiff, predominately, premised, pronounced, purpose, pursue, recourse, roadmap, sense, sequential, shortage, solar, SPX, stronger, strongly, sunset, survey, Sylvamo, team, temporarily, tight, upward, variant, voluntarily, widespread, winter

Removed: application, apportionment, borrow, carry, catastrophic, Chinese, classification, coal, collect, comparative, contemplated, counterparty, doubtful, Englander, executory, exemption, fossil, incident, language, loan, MINE, package, priced, rent, repaid, retrospectively, semiannually, sum, tariff, taxing, unaudited, UNRESOLVED, utility, Walton

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Exhibit 21.1

Subsidiaries of the Registrant *


	State or Other Jurisdiction of Incorporation or Organization
Packaging Corporation of America (100%)	Delaware

Polywoven Distributors PA, LLC (51%)	Pennsylvania

PCA International Inc. (100%)	Delaware
PCA International Services, LLC (100%)	Delaware

PCA Hydro Inc. (100%)	Delaware

Packaging Corporation of Asia, Limited (100%)	Hong Kong

PCA Texas Acquisition, LLC (100%)	Delaware

PCA Central California Corrugated, LLC (100%)	Delaware

PCA Michigan Acquisition, LLC (100%)	Delaware

Packaging Asset Holdings, LLC (100%)	Delaware

Hexacomb Corporation (100%)	Illinois
Hexacomb Canada Holdings Corporation (100%)	Canada
Hexacomb Canada Corporation (100%)	Canada
Louisiana Timber Procurement Company, LLC (50%)	Delaware
Boise White Paper, LLC (100%)	Delaware
International Falls Power Company (100%)	Delaware
Minnesota, Dakota & Western Railway Company (100%)	Minnesota
B C T, Incorporated (100%)	Delaware

* The names of some of our foreign subsidiaries have been omitted. These unnamed subsidiaries, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary, as defined in Regular S-X, Rule 1-02 (w).

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