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Revenue Recognition (Tables)

9 Months Ended

Oct. 02, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Receivables, Contracts Assets and Liabilities from Contracts With Customers

The following tables set forth the effects of contract assets and liabilities from contracts with customers. Contract assets and liabilities are reported in “Other receivables” and “Accrued expenses and other,” respectively, on the Company’s Condensed Consolidated Balance Sheets.

						October 2, 2022						December 31, 2021
Contract Assets						$	67,254					$	51,106
Contract Liabilities						$	(28,427)					$	(18,993)

Significant changes in the contract assets and liabilities balances during the nine-month period ended October 2, 2022 and the year ended December 31, 2021 were as follows:

						October 2, 2022												December 31, 2021
						Contract Asset						Contract Liability						Contract Asset						Contract Liability
Beginning Balance						$	51,106					$	(18,993)					$	48,390					$	(16,687)
Acquired as part of a business combination						8,107						(5,588)						—						—
Revenue deferred or rebates accrued						—						(47,303)						—						(36,527)
Recognized as revenue												14,430												7,238
Rebates paid to customers						—						29,027						—						26,983
Increases due to rights to consideration for customer specific goods produced, but not billed during the period						67,254						—						51,106						—
Transferred to receivables from contract assets recognized at the beginning of the period and acquired as part of business combinations						(59,213)						—						(48,390)						—
Ending Balance						$	67,254					$	(28,427)					$	51,106					$	(18,993)

Summary of Disaggregation of Revenue

The following tables set forth information about revenue disaggregated by primary geographic regions for the three-month periods ended October 2, 2022 and October 3, 2021. The tables also include a reconciliation of disaggregated revenue with reportable segments.

Three-month period ended October 2, 2022			Consumer Packaging						Industrial Paper Packaging						All Other						Total
Primary Geographical Markets:
United States			$	837,048					$	405,382					$	165,476					$	1,407,906
Europe			101,665						99,804						19,811						221,280
Canada			30,154						28,471						—						58,625
Asia			25,492						65,475						185						91,152
Other			36,190						62,320						12,743						111,253
Total			$	1,030,549					$	661,452					$	198,215					$	1,890,216

Three-month period ended October 3, 2021			Consumer Packaging						Industrial Paper Packaging						All Other						Total
Primary Geographical Markets:
United States			$	408,295					$	370,659					$	145,029					$	923,983
Europe			109,566						99,573						24,033						233,172
Canada			31,612						24,187						—						55,799
Asia			20,728						81,097						393						102,218
Other			28,768						59,714						11,539						100,021
Total			$	598,969					$	635,230					$	180,994					$	1,415,193

The following tables set forth information about revenue disaggregated by primary geographic regions for the nine-month periods ended October 2, 2022 and October 3, 2021. The tables also include a reconciliation of disaggregated revenue with reportable segments.

Nine-month period ended October 2, 2022			Consumer Packaging						Industrial Paper Packaging						All Other						Total
Primary Geographical Markets:
United States			$	2,282,559					$	1,259,348					$	493,136					$	4,035,043
Europe			331,745						334,007						66,500						732,252
Canada			89,342						84,952						—						174,294
Asia			74,533						215,896						748						291,177
Other			110,451						193,778						37,535						341,764
Total			$	2,888,630					$	2,087,981					$	597,919					$	5,574,530

Nine-month period ended October 3, 2021			Consumer Packaging						Industrial Paper Packaging						All Other						Total
Primary Geographical Markets:
United States			$	1,219,666					$	1,042,249					$	461,996					$	2,723,911
Europe			334,995						300,495						67,371						702,861
Canada			87,948						69,218						—						157,166
Asia			60,256						232,657						914						293,827
Other			76,660						164,540						32,286						273,486
Total			$	1,779,525					$	1,809,159					$	562,567					$	4,151,251

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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- References

No definition available.

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