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Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Apr. 03, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in goodwill by segment

A summary of the changes in goodwill for the three months ended April 3, 2022 is as follows: 

						Consumer Packaging						Industrial Paper Packaging						All Other						Total
Goodwill at December 31, 2021						$	572,415					$	367,780					$	384,305					$	1,324,501
2022 Acquisitions						366,098						—						—						366,098
Foreign currency translation						(751)						(757)						(783)						(2,291)
Goodwill at April 3, 2022						$	937,762					$	367,023					$	383,522					$	1,688,308

Summary of other intangible assets

A summary of other intangible assets as of April 3, 2022 and December 31, 2021 is as follows:    

						April 3, 2022						December 31, 2021
Other Intangible Assets, gross:
Patents						$	29,320					$	29,315
Customer lists						1,054,757						592,195
Trade names						32,020						32,043
Proprietary technology						57,846						22,846
Other						2,808						2,807
Total Other Intangible Assets, gross						$	1,176,751					$	679,206
Accumulated Amortization:
Patents						$	(16,701)					$	(16,275)
Customer lists						(364,315)						(347,274)
Trade names						(14,497)						(14,106)
Proprietary technology						(22,233)						(21,394)
Other						(2,038)						(2,014)
Total Accumulated Amortization						$	(419,784)					$	(401,063)
Other Intangible Assets, net						$	756,967					$	278,143

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- References

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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