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Segment reporting
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment reporting Segment reporting
The Company's operating and reporting structure consists of two reportable segments, Consumer Packaging and Industrial Paper Packaging, with all remaining businesses reported as All Other.
The products produced and sold within the Consumer Packaging segment are generally used to package a variety of consumer products and consist primarily of round and shaped rigid paper, steel and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays; and high-barrier flexible packaging.
The primary products produced and sold within the Industrial Paper Packaging segment include paperboard tubes, cones, and cores; paper-based protective packaging; and uncoated recycled paperboard.
The primary products produced within the All Other group of businesses consist of a variety of packaging materials, including plastic, paper, foam, and various other specialty materials. 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/divestiture-related costs, non-operating pension costs, changes in LIFO inventory reserves, amortization of acquired intangibles, interest expense and interest income, and other non-operational income and expenses are included in "Income/(Loss) Before Income Taxes" under "Corporate".
The following table sets forth financial information about each of the Company's business segments and All Other group of businesses. Effective January 1, 2022, the Company changed its measure of segment operating profit to exclude amortization of acquisition intangibles. Accordingly, the segment financial information reported in 2021 and 2020 under "Income/(Loss) Before Income Taxes" and "Depreciation, Depletion and Amortization" have been revised to conform with the current presentation.
  
Years ended December 31
  
Consumer
Packaging
Industrial Paper PackagingAll OtherCorporateConsolidated
Total Revenue
20223,774,957 2,818,778 808,069 — $7,401,804 
20212,373,583 2,578,379 768,476 — 5,720,438 
20202,234,292 2,090,731 1,024,060 — 5,349,083 
Intersegment Sales1
20227,001 134,215 10,036 — $151,252 
20215,236 114,067 10,697 — 130,000 
20204,433 99,257 7,950 — 111,640 
Sales to Unaffiliated Customers
20223,767,956 2,684,563 798,033 — $7,250,552 
20212,368,347 2,464,312 757,779 — 5,590,438 
20202,229,859 1,991,474 1,016,110 — 5,237,443 
Income/(Loss) Before Income Taxes2
2022526,028 327,859 65,978 (348,583)$571,282 
2021274,926 226,798 63,060 (725,766)(160,982)
2020304,437 184,495 90,956 (324,296)255,592 
Identifiable Assets3
20223,825,675 2,079,326 871,800 276,139 $7,052,940 
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 
Depreciation, Depletion and Amortization4
2022111,599 91,944 24,854 80,427 $308,824 
202178,802 91,141 25,822 49,419 245,184 
202084,509 91,388 32,494 52,899 261,290 
Capital Expenditures
2022127,478 145,021 21,177 35,093 $328,769 
202160,532 150,225 22,780 22,482 256,019 
202059,040 87,549 24,701 22,837 194,127 
1
Intersegment sales are recorded at a market-related transfer price.
2
Included in Corporate above are restructuring charges, asset impairment charges, gains or losses from the divestiture of businesses, insurance settlement gains, acquisition/divestiture-related costs, amortization of acquired intangibles, and other non-operational income and expenses associated with the following segments:
Consumer
Packaging
Industrial Paper
Packaging
All Other
CorporateTotal
2022$(138,343)$(40,805)$(18,800)$(150,635)$(348,583)
2021(25,983)(2,570)(23,312)(673,900)(725,765)
2020(126,149)(41,127)(47,074)(109,946)(324,296)
 The remaining amounts reported as Corporate consist of interest expense, interest income, non-operating pension costs, acquisition/divestiture-related 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 and depletion 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:
202220212020
Sales to Unaffiliated Customers
United States$5,232,092 $3,650,090 $3,411,263 
Europe961,697 941,655 1,055,830 
Canada227,668 212,272 181,425 
Asia Pacific373,734 401,003 316,670 
Other455,361 385,418 272,255 
Total$7,250,552 $5,590,438 $5,237,443 
Long-lived Assets
United States$3,240,011 $2,078,342 $2,016,185 
Europe607,996 545,211 673,725 
Canada96,210 104,913 102,932 
Asia Pacific157,030 157,084 163,393 
Other85,233 68,949 51,001 
Total$4,186,480 $2,954,499 $3,007,236 
Sales are attributed to countries/regions based upon the plant location from which products are shipped. Long-lived assets are comprised of investments in affiliates, property, plant and equipment, and goodwill and other intangible assets (see Notes 1, 6 and 8).