XML 48 R36.htm IDEA: XBRL DOCUMENT v3.24.0.1

Restructuring and asset impairment (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

			Year Ended December 31,
			2023						2022						2021
Restructuring and restructuring-related asset impairment charges			$	56,933					$	46,815					$	9,176
Other asset impairments			—						10,095						5,034
Restructuring/Asset impairment charges			$	56,933					$	56,910					$	14,210

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

			Year Ended December 31,
			2023						2022						2021
Severance and Termination Benefits			$	26,631					$	17,983					$	13,097
Asset Impairment/Disposal of Assets			19,603						9,442						(9,116)
Other Costs			10,699						19,390						5,195
Total restructuring and restructuring-related asset impairment charges			$	56,933					$	46,815					$	9,176

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

			Year Ended December 31,
			2023						2022						2021
Consumer Packaging			$	8,059					$	12,433					$	3,427
Industrial Paper Packaging			38,754						16,019						(1,642)
All Other			7,623						(166)						2,969
Corporate			2,497						18,529						4,422
Total restructuring and restructuring-related asset impairment charges			$	56,933					$	46,815					$	9,176

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, 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
2023 charges			26,631						19,603						10,699						56,933
Cash (payments)/receipts			(27,000)						6,842						(10,522)						(30,680)
Asset write downs/disposals			—						(26,445)						—						(26,445)
Foreign currency translation			7						—						69						76
Liability, December 31, 2023			$	14,315					$	—					$	1,638					$	15,953

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
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482017/420-10-50-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2

+ 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
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482017/420-10-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2

+ Details

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