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Revenue Recognition (Tables) | 9 Months Ended
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Oct. 01, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Receivables, Contracts Assets and Liabilities from Contracts With Customers | The following table sets 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 1, 2023 |  | December 31, 2022
Contract Assets |  | $ | 59,782 |  |  | $ | 56,008 |
Contract Liabilities |  | $ | (32,481) |  |  | $ | (22,423) |
Significant changes in the contract assets and liabilities balances during the nine-month period ended October 1, 2023 and the year ended December 31, 2022 were as follows:
|  | October 1, 2023 |  | December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
|  | Contract Asset |  | Contract Liability |  | Contract Asset |  | Contract Liability |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance | $ | 56,008 |  |  | $ | (22,423) |  |  | $ | 51,106 |  |  | $ | (18,993) |  |  |  |  |  |  |  |  |  |  |  |  |
Acquired as part of a business combination | — |  |  | (1,786) |  |  | 8,107 |  |  | (5,418) |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue deferred or rebates accrued | — |  |  | (35,772) |  |  | — |  |  | (57,510) |  |  |  |  |  |  |  |  |  |  |  |  |
Recognized as revenue |  |  | 8,236 |  |  |  |  | 18,201 |  |  |  |  |  |  |  |  |  |  |  |  |
Rebates paid to customers | — |  |  | 19,264 |  |  | — |  |  | 41,297 |  |  |  |  |  |  |  |  |  |  |  |  |
Increases due to rights to consideration for customer specific goods produced, but not billed during the period | 59,782 |  |  | — |  |  | 56,008 |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Transferred to receivables from contract assets recognized at the beginning of the period and acquired as part of business combinations | (56,008) |  |  | — |  |  | (59,213) |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance | $ | 59,782 |  |  | $ | (32,481) |  |  | $ | 56,008 |  |  | $ | (22,423) |  |  |  |  |  |  |  |  |  |  |  |  |
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 1, 2023 and October 2, 2022. The tables also include a reconciliation of disaggregated revenue with reportable segments. The Company’s reportable segments are aligned by product nature as disclosed in Note 16.
Three-month period ended October 1, 2023 | Consumer Packaging |  | Industrial Paper Packaging |  | All Other |  | Total
Primary Geographical Markets: |  |  |  |  |  |  |
United States | $ | 726,137 |  |  | $ | 335,136 |  |  | $ | 161,600 |  |  | $ | 1,222,873 |
Europe | 116,148 |  |  | 91,175 |  |  | 18,304 |  |  | 225,627 |
Canada | 29,268 |  |  | 24,866 |  |  | — |  |  | 54,134 |
Asia | 24,828 |  |  | 59,284 |  |  | 628 |  |  | 84,740 |
Other | 42,026 |  |  | 69,574 |  |  | 11,445 |  |  | 123,045 |
Total | $ | 938,407 |  |  | $ | 580,035 |  |  | $ | 191,977 |  |  | $ | 1,710,419 |
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 |
The following tables set forth information about revenue disaggregated by primary geographic regions for the nine-month periods ended October 1, 2023 and October 2, 2022. The tables also include a reconciliation of disaggregated revenue with reportable segments.
Nine-month period ended October 1, 2023 | Consumer Packaging |  | Industrial Paper Packaging |  | All Other |  | Total
Primary Geographical Markets: |  |  |  |  |  |  |
United States | $ | 2,130,895 |  |  | $ | 1,035,849 |  |  | $ | 491,821 |  |  | $ | 3,658,565 |
Europe | 346,287 |  |  | 300,145 |  |  | 62,897 |  |  | 709,329 |
Canada | 89,860 |  |  | 76,029 |  |  | — |  |  | 165,889 |
Asia | 73,430 |  |  | 173,903 |  |  | 1,322 |  |  | 248,655 |
Other | 130,818 |  |  | 195,107 |  |  | 37,129 |  |  | 363,054 |
Total | $ | 2,771,290 |  |  | $ | 1,781,033 |  |  | $ | 593,169 |  |  | $ | 5,145,492 |
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 |

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- 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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