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Segment Reporting (Tables)

6 Months Ended

Jul. 02, 2023

Segment Reporting [Abstract]

Summary of Segment Financial Information

SEGMENT FINANCIAL INFORMATION 

						Three Months Ended												Six Months Ended
						July 2, 2023						July 3, 2022						July 2, 2023						July 3, 2022
Net sales:
Consumer Packaging						$	923,605					$	989,982					$	1,832,883					$	1,858,081
Industrial Paper Packaging						585,143						727,402						1,200,998						1,426,529
All Other						196,542						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 Packaging						35,411						33,496						74,131						67,136
All Other						2,145						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 Packaging						87,040						94,201						181,407						166,862
All Other						28,675						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), net						3,515						(21,241)						69,721						(82,031)
Operating profit						$	187,859					$	197,476					$	417,507					$	366,538

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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