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Segment Reporting
6 Months Ended
Jul. 02, 2023
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 with the All Other group of businesses consist of a variety of packaging materials, including plastic, paper, foam, and various other specialty materials.
The following table sets forth net sales, intersegment sales and operating profit for the Company’s reportable segments and the All Other group of businesses. Segment operating profit is the measure of segment profit or loss reported to the chief operating decision maker for purposes of making decisions about allocating resources to the segments and assessing their performance in accordance with ASC 280 “Segment Reporting,” as prescribed by the FASB.
Segment operating profit viewed by the Company’s management to evaluate segment performance does not include restructuring/asset impairment charges, amortization of acquisition intangibles, acquisition/divestiture-related costs, changes in LIFO inventory reserves, gains/losses from the sale of businesses, or certain other items, if any, the exclusion of which the Company believes improves the comparability and analysis of the ongoing operating performance of the business. All other general corporate expenses have been allocated as operating costs to each of the Company’s reportable segments and the All Other group of businesses.
SEGMENT FINANCIAL INFORMATION 
 Three Months EndedSix Months Ended
 July 2, 2023July 3, 2022July 2, 2023July 3, 2022
Net sales:
Consumer Packaging$923,605 $989,982 $1,832,883 $1,858,081 
Industrial Paper Packaging585,143 727,402 1,200,998 1,426,529 
All Other196,542 195,948 401,192 399,704 
Net sales$1,705,290 $1,913,332 $3,435,073 $3,684,314 
Intersegment sales:
Consumer Packaging$2,420 $2,116 $4,475 $3,526 
Industrial Paper Packaging35,411 33,496 74,131 67,136 
All Other2,145 2,522 5,417 5,223 
Intersegment sales$39,976 $38,134 $84,023 $75,885 
Operating profit:
Consumer Packaging$95,225 $139,421 $187,045 $313,030 
Industrial Paper Packaging87,040 94,201 181,407 166,862 
All Other28,675 16,529 55,908 31,053 
Corporate
Restructuring/Asset impairment charges(6,057)(10,563)(34,871)(22,705)
Amortization of acquisition intangibles(20,539)(20,871)(41,703)(39,671)
Other income/(charges), net3,515 (21,241)69,721 (82,031)
Operating profit$187,859 $197,476 $417,507 $366,538