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Segment Reporting
6 Months Ended
Jul. 04, 2021
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company changed its operating and reporting structure in January 2021 and, as a result, realigned certain of its reportable segments effective January 1, 2021. The revised structure consists of two reportable segments, Consumer Packaging and Industrial Paper Packaging, with all remaining businesses reported as "All Other."
The Company's former Protective Solutions and Display and Packaging segments have been eliminated and the underlying businesses and their results have been realigned into All Other or, in certain cases, subsumed into the remaining two segments.
The Consumer Packaging segment primarily serves prepared and fresh food markets along with other packaging for direct consumer products and includes the following products and services: round and shaped rigid paper containers; metal and peelable membrane ends and closures; thermoformed plastic trays and containers; printed flexible packaging; and global brand artwork management.
The Industrial Paper Packaging segment, previously called Paper and Industrial Converted Products, includes the following products: fiber-based tubes, cones, and cores; fiber-based construction tubes; fiber-based protective packaging and components; wooden, metal and composite wire and cable reels and spools; and recycled paperboard, corrugating medium, recovered paper and material recycling services.
Businesses grouped as All Other include healthcare, protective and retail packaging and industrial plastic products. These businesses include the following products and services: thermoformed rigid plastic trays and devices; custom-engineered molded foam protective packaging and components; temperature-assured packaging; injection molded and extruded containers, spools and parts; retail packaging, including printed backer cards, thermoformed blisters and heat
sealing equipment; and paper amenities. Prior to the divestiture of the Company's display and packaging operations in two separate transactions, one on November 30, 2020 (Display and Packaging - Europe) and one on April 4, 2021 (Display and Packaging - U.S.), these businesses, which included point-of-purchase displays and fulfillment operations, were reported in All Other.
The following table sets forth net sales, intersegment sales and operating profit for the Company’s reportable segments and All Other. “Segment operating profit” is defined as the segment’s portion of “Operating profit” excluding restructuring and asset impairment charges, acquisition expenses, interest income and expense, income taxes or certain other items, if any, the exclusion of which the Company believes improves comparability and analysis of the financial performance of the business. General corporate expenses have been allocated as operating costs to each of the Company’s reportable segments and All Other. Prior period results have been recast to conform to current-year presentation.
SEGMENT FINANCIAL INFORMATION 
 Three Months EndedSix Months Ended
 July 4, 2021June 28, 2020July 4, 2021June 28, 2020
Net sales:
Consumer Packaging$597,803 $573,166 $1,180,556 $1,113,735 
Industrial Paper Packaging608,532 455,026 1,173,929 957,517 
All Other176,419 217,293 381,573 477,529 
Consolidated$1,382,754 $1,245,485 $2,736,058 $2,548,781 
Intersegment sales:
Consumer Packaging$1,199 $1,154 $2,852 $2,260 
Industrial Paper Packaging27,700 24,508 54,596 49,010 
All Other2,140 1,474 5,165 4,156 
Consolidated$31,039 $27,136 $62,613 $55,426 
Operating profit:
Segment operating profit:
Consumer Packaging$59,813 $84,449 $135,423 $148,205 
Industrial Paper Packaging57,885 33,235 108,071 92,836 
All Other10,912 8,872 24,783 29,427 
Restructuring/Asset impairment income/(charges)1,445 (22,885)(5,401)(35,484)
Other non-base income/(charges), net5,236 56 (7,276)(1,154)
Consolidated$135,291 $103,727 $255,600 $233,830