XML 65 R51.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Revenue recognition (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following tables set forth information about revenue disaggregated by primary geographic regions for the years ende d December 31, 2024, 2023 and 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 20.
Year Ended December 31, 2024 |  | Consumer Packaging |  | Industrial Paper Packaging |  | All Other |  | Total |
Primary geographical markets: |  |  |  |  |  |  |  |  |
United States |  | $ | 1,785,857 |  |  | $ | 1,431,232 |  |  | $ | 352,717 |  |  | $ | 3,569,806 |  |
Europe |  | 524,699 |  |  | 371,896 |  |  | 58,925 |  |  | 955,520 |  |
Canada |  | 17,486 |  |  | 95,863 |  |  | — |  |  | 113,349 |  |
Asia Pacific |  | 96,154 |  |  | 213,127 |  |  | 1,771 |  |  | 311,052 |  |
Other |  | 107,656 |  |  | 237,370 |  |  | 10,612 |  |  | 355,638 |  |
Total |  | $ | 2,531,852 |  |  | $ | 2,349,488 |  |  | $ | 424,025 |  |  | $ | 5,305,365 |  |
Year Ended December 31, 2023 |  | Consumer Packaging |  | Industrial Paper Packaging |  | All Other |  | Total |  |  |  |  |  |
Primary geographical markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,817,268 |  |  | $ | 1,389,492 |  |  | $ | 494,112 |  |  | $ | 3,700,872 |  |  |  |  |  |  |
Europe |  | 431,189 |  |  | 389,261 |  |  | 64,936 |  |  | 885,386 |  |  |  |  |  |  |
Canada |  | 16,076 |  |  | 100,095 |  |  | — |  |  | 116,171 |  |  |  |  |  |  |
Asia Pacific |  | 94,136 |  |  | 233,446 |  |  | 1,812 |  |  | 329,394 |  |  |  |  |  |  |
Other |  | 112,379 |  |  | 261,819 |  |  | 35,405 |  |  | 409,603 |  |  |  |  |  |  |
Total |  | $ | 2,471,048 |  |  | $ | 2,374,113 |  |  | $ | 596,265 |  |  | $ | 5,441,426 |  |  |  |  |  |  |
Year Ended December 31, 2022 |  | Consumer Packaging |  | Industrial Paper Packaging |  | All Other |  | Total |  |  |  |  |  |
Primary geographical markets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 1,936,847 |  |  | $ | 1,611,390 |  |  | $ | 503,526 |  |  | $ | 4,051,763 |  |  |  |  |  |  |
Europe |  | 421,276 |  |  | 434,076 |  |  | 68,949 |  |  | 924,301 |  |  |  |  |  |  |
Canada |  | 18,372 |  |  | 109,997 |  |  | — |  |  | 128,369 |  |  |  |  |  |  |
Asia Pacific |  | 91,151 |  |  | 275,395 |  |  | 1,158 |  |  | 367,704 |  |  |  |  |  |  |
Other |  | 96,358 |  |  | 253,705 |  |  | 37,127 |  |  | 387,190 |  |  |  |  |  |  |
Total |  | $ | 2,564,004 |  |  | $ | 2,684,563 |  |  | $ | 610,760 |  |  | $ | 5,859,327 |  |  |  |  |  |  |
Schedule of Contract Asset and Liabilities | The following table sets forth information about contract assets and liabilities from contracts with customers. The balances of the contract assets and liabilities are located in “Other receivables” and “Accrued expenses and other”, respectively, in the Consolidated Balance Sheets.
|  | December 31, 2024 |  | December 31, 2023
Contract Assets |  | $ | 67,062 |  |  | $ | 14,754 |
Contract Liabilities |  | $ | (60,024) |  |  | $ | (15,252) |
Significant changes in the contract assets and liabilities balances during the twelve months ended December 31, 2024 and 2023 were as follows:
|  | December 31, 2024 |  | December 31, 2023
|  | Contract Asset |  | Contract Liability |  | Contract Asset |  | Contract Liability
Beginning balance |  | $ | 14,754 |  |  | $ | (15,252) |  |  | $ | 18,037 |  |  | $ | (12,588) |
Acquired as part of a business combination |  | 62,439 |  |  | (47,478) |  |  | — |  |  | (1,436) |
Revenue deferred or rebates accrued |  | — |  |  | (25,736) |  |  | — |  |  | (25,094) |
Recognized as revenue |  | — |  |  | 2,341 |  |  | — |  |  | 1,936 |
Rebates paid to customers |  | — |  |  | 26,101 |  |  | — |  |  | 21,930 |
Increases due to rights to consideration for customer specific goods produced, but not billed during the period |  | 67,062 |  |  | — |  |  | 14,754 |  |  | — |
Transferred to receivables from contract assets recognized at the beginning of the period and acquired as part of business combination |  | (77,193) |  |  | — |  |  | (18,037) |  |  | — |
Ending balance |  | $ | 67,062 |  |  | $ | (60,024) |  |  | $ | 14,754 |  |  | $ | (15,252) |

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

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration