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Segment Reporting
9 Months Ended
Oct. 03, 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 security 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 security packaging, including printed backer cards, thermoformed blisters and heat sealing equipment; and paper amenities. Prior to the divestiture of the Company's global display and packaging business in two separate transactions, the European contract packaging business on November 30, 2020 and the U.S. display and packaging business on April 4, 2021, these businesses, which included point-of-purchase displays, fulfillment operations, and contract packaging, 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 EndedNine Months Ended
 October 3, 2021September 27, 2020October 3, 2021September 27, 2020
Net sales:
Consumer Packaging$598,969 $546,208 $1,779,525 $1,659,943 
Industrial Paper Packaging635,230 490,369 1,809,159 1,447,886 
All Other180,994 275,737 562,567 753,266 
Consolidated$1,415,193 $1,312,314 $4,151,251 $3,861,095 
Intersegment sales:
Consumer Packaging$1,608 $919 $4,460 $3,179 
Industrial Paper Packaging27,975 24,528 82,571 73,538 
All Other2,318 1,814 7,483 5,970 
Consolidated$31,901 $27,261 $94,514 $82,687 
Operating profit:
Segment operating profit:
Consumer Packaging$60,918 $64,370 $196,341 $212,575 
Industrial Paper Packaging53,343 41,035 161,414 133,871 
All Other8,169 25,136 32,952 54,563 
Restructuring/Asset impairment charges(3,488)(24,149)(8,889)(59,633)
Other non-base income/(charges), net7,570 352 294 (802)
Consolidated$126,512 $106,744 $382,112 $340,574