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Segment Reporting (Tables)

9 Months Ended

Oct. 01, 2023

Segment Reporting [Abstract]

Summary of Segment Financial Information

SEGMENT FINANCIAL INFORMATION 

						Three Months Ended												Nine Months Ended
						October 1, 2023						October 2, 2022						October 1, 2023						October 2, 2022
Net sales:
Consumer Packaging						$	938,407					$	1,030,549					$	2,771,290					$	2,888,630
Industrial Paper Packaging						580,035						661,452						1,781,033						2,087,981
All Other						191,977						198,215						593,169						597,919
Net sales						$	1,710,419					$	1,890,216					$	5,145,492					$	5,574,530
Intersegment sales:
Consumer Packaging						$	2,794					$	1,663					$	7,269					$	5,189
Industrial Paper Packaging						3,032						33,936						77,163						101,072
All Other						1,900						2,532						7,317						7,755
Intersegment sales						$	7,726					$	38,131					$	91,749					$	114,016
Operating profit:
Consumer Packaging						$	112,038					$	127,859					$	299,083					$	440,889
Industrial Paper Packaging						75,006						81,859						256,413						248,721
All Other						25,502						15,373						81,409						46,426
Corporate
Restructuring/Asset impairment charges						(18,110)						(20,652)						(52,981)						(43,357)
Amortization of acquisition intangibles						(21,379)						(20,690)						(63,082)						(60,361)
Other operating income/(charges), net						(10,120)						(1,807)						59,602						(83,838)
Operating profit						$	162,937					$	181,942					$	580,444					$	548,480

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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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