XML 46 R34.htm IDEA: XBRL DOCUMENT v3.22.4

Restructuring and asset impairment (Tables)

12 Months Ended

Dec. 31, 2022

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,
			2022						2021						2020
Restructuring and restructuring-related asset impairment charges			$	46,815					$	9,176					$	67,729
Other asset impairments			10,095						5,034						77,851
Restructuring/Asset impairment charges			$	56,910					$	14,210					$	145,580

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

			Year Ended December 31,
			2022						2021						2020
Severance and Termination Benefits			$	17,983					$	13,097					$	36,997
Asset Impairment/Disposal of Assets			9,442						(9,116)						22,394
Other Costs			19,390						5,195						8,338
Total restructuring and restructuring-related asset impairment charges			$	46,815					$	9,176					$	67,729

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

			Year Ended December 31,
			2022						2021						2020
Consumer Packaging			12,433						3,427						$	25,548
Industrial Paper Packaging			16,019						(1,642)						32,691
All Other			(166)						2,969						7,266
Corporate			18,529						4,422						2,224
Total restructuring and restructuring-related asset impairment charges			$	46,815					$	9,176					$	67,729

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, 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
2022 charges			17,983						9,442						19,390						46,815
Cash (payments)/receipts			(14,024)						7,138						(19,836)						(26,722)
Asset write downs/disposals			—						(16,580)						—						(16,580)
Foreign currency translation			(199)						—						(35)						(234)
Liability, December 31, 2022			$	14,677					$	—					$	1,392					$	16,069

X

- References

No definition available.

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747

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

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4)
-URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

+ Details

Name:	us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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 https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

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

+ Details

Name:	us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration