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Segment reporting
12 Months Ended
Dec. 31, 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.
Restructuring charges, asset impairment charges, gains or losses from the divestiture of businesses, insurance settlement gains, acquisition-related costs, non-operating pension costs, interest expense and interest income are included in (loss)/income before income taxes under "Corporate".
The following table sets forth financial information about each of the Company's business segments. Segment financial information for prior periods has been recast to conform to the current-year presentation.
  
Years ended December 31
  
Consumer
Packaging
Industrial Paper PackagingAll OtherCorporateConsolidated
Total Revenue
20212,373,583 2,578,379 768,476 — $5,720,438 
20202,234,292 2,090,731 1,024,060 — 5,349,083 
20192,213,874 2,208,871 1,078,496 — 5,501,241 
Intersegment Sales1
20215,236 114,067 10,697 — $130,000 
20204,433 99,257 7,950 — 111,640 
20195,300 110,991 10,743 — 127,034 
Sales to Unaffiliated Customers
20212,368,347 2,464,312 757,779 — $5,590,438 
20202,229,859 1,991,474 1,016,110 — 5,237,443 
20192,208,574 2,097,880 1,067,753 — 5,374,207 
(Loss) / Income Before Income Taxes2
2021252,824 218,345 44,195 (676,346)$(160,982)
2020278,443 176,809 71,737 (271,397)255,592 
2019207,408 244,982 73,002 (144,626)380,766 
Identifiable Assets3
20211,956,688 1,971,293 886,647 258,607 $5,073,235 
20201,926,294 1,805,388 1,018,091 527,486 5,277,259 
20191,950,127 1,736,734 1,287,281 152,147 5,126,289 
Depreciation, Depletion and Amortization4
202198,737 96,084 44,265 — $239,086 
2020109,310 94,801 51,248 — 255,359 
2019107,948 86,861 44,331 — 239,140 
Capital Expenditures
202160,532 150,225 22,780 22,482 $256,019 
202059,040 87,549 24,701 22,837 194,127 
201961,787 112,852 14,204 7,091 195,934 
1
Intersegment sales are recorded at a market-related transfer price.
2
Included in Corporate above are interest expense, interest income, restructuring/asset impairment charges, property insurance settlement gains, non-operating pension costs, acquisition/divestiture-related charges, and other non-operational income and expenses associated with the following segments:
Consumer
Packaging
Industrial Paper
Packaging
All Other
CorporateTotal
2021$4,197 $(3,056)$5,343 $669,862 $676,346 
2020100,166 33,450 27,835 109,946 271,397 
201940,831 5,491 1,828 96,476 144,626 
 The remaining amounts reported as Corporate consist of interest expense, interest income, non-operating pension costs, and other non-operational income and expenses not associated with a particular segment.
3
Identifiable assets are those assets used by each segment in its operations. Corporate assets consist primarily of cash and cash equivalents, investments in affiliates, headquarters facilities, deferred income taxes and prepaid expenses.
4
Depreciation, depletion and amortization incurred at Corporate are allocated to the reportable segments.
Geographic regions
Sales to unaffiliated customers and long-lived assets by geographic region are as follows:
202120202019
Sales to Unaffiliated Customers
United States$3,650,090 $3,411,263 $3,408,459 
Europe941,655 1,055,830 1,078,766 
Canada212,272 181,425 226,049 
Asia Pacific401,003 316,670 350,259 
Other385,418 272,255 310,674 
Total$5,590,438 $5,237,443 $5,374,207 
Long-lived Assets
United States$2,078,342 $2,016,185 $2,177,918 
Europe545,211 673,725 648,648 
Canada104,913 102,932 107,470 
Asia Pacific157,084 163,393 160,740 
Other68,949 51,001 64,043 
Total$2,954,499 $3,007,236 $3,158,819 
Sales are attributed to countries/regions based upon the plant location from which products are shipped. Long-lived assets are comprised of property, plant and equipment, goodwill, intangible assets and investment in affiliates (see Notes 6 and 8).