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Restructuring and asset impairment (Tables)

12 Months Ended

Dec. 31, 2021

Restructuring and Related Activities [Abstract]

Restructuring and related costs

Following are the total restructuring and asset impairment charges, net of adjustments, recognized during the periods presented:

			Year Ended December 31,
			2021						2020						2019
Restructuring and restructuring-related asset impairment charges			$	9,176					$	67,729					$	44,819
Other asset impairments			5,034						77,851						15,061
Restructuring/Asset impairment charges			$	14,210					$	145,580					$	59,880

The table below sets forth restructuring and restructuring-related asset impairment charges by type incurred:

			Year Ended December 31,
			2021						2020						2019
Severance and Termination Benefits			$	13,097					$	36,997					$	24,864
Asset Impairment/Disposal of Assets			(9,116)						22,394						9,674
Other Costs			5,195						8,338						10,281
Total restructuring and restructuring-related asset impairment charges			$	9,176					$	67,729					$	44,819

The table below sets forth restructuring and restructuring-related asset impairment charges by reportable segment:

			Year Ended December 31,
			2021						2020						2019
Consumer Packaging			3,427						25,548						$	32,971
Industrial Paper Packaging			(1,642)						32,691						5,148
All Other			2,969						7,266						4,636
Corporate			4,422						2,224						2,064
Total restructuring and restructuring-related asset impairment charges			$	9,176					$	67,729					$	44,819

Schedule of restructuring reserve by type of cost

The following table sets forth the activity in the restructuring accrual included in “Accrued expenses and other” on the Company’s Consolidated Balance Sheets:

Accrual Activity			Severance and Termination Benefits						Asset Impairment/ Disposal of Assets						Other Costs						Total
Liability, December 31, 2019			$	10,765					$	—					$	592					$	11,357
2020 charges			36,997						22,394						8,338						67,729
Cash (payments)/receipts			(32,189)						6,963						(9,570)						(34,796)
Asset write downs/disposals			—						(29,357)						1,143						(28,214)
Foreign currency translation			382						—						8						390
Liability, December 31, 2020			$	15,955					$	—					$	511					$	16,466
2021 charges			13,097						(9,116)						5,195						9,176
Cash (payments)/receipts			(17,828)						15,308						(6,313)						(8,833)
Asset write downs/disposals			—						(6,192)						2,479						(3,713)
Foreign currency translation			(307)						—						1						(306)
Liability, December 31, 2021			$	10,917					$	—					$	1,873					$	12,790

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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