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Revenue recognition
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue recognition Revenue recognition
The following tables set forth information about revenue disaggregated by primary geographic regions for the years ended 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, 2024Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary geographical markets:
   United States $1,785,857 $1,431,232 $352,717 $3,569,806 
   Europe524,699 371,896 58,925 955,520 
   Canada17,486 95,863 — 113,349 
   Asia Pacific96,154 213,127 1,771 311,052 
   Other107,656 237,370 10,612 355,638 
          Total$2,531,852 $2,349,488 $424,025 $5,305,365 
Year Ended December 31, 2023Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary geographical markets:
   United States $1,817,268 $1,389,492 $494,112 $3,700,872 
   Europe431,189 389,261 64,936 885,386 
   Canada16,076 100,095 — 116,171 
   Asia Pacific94,136 233,446 1,812 329,394 
   Other112,379 261,819 35,405 409,603 
          Total$2,471,048 $2,374,113 $596,265 $5,441,426 
Year Ended December 31, 2022Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary geographical markets:
   United States $1,936,847 $1,611,390 $503,526 $4,051,763 
   Europe421,276 434,076 68,949 924,301 
   Canada18,372 109,997 — 128,369 
   Asia Pacific91,151 275,395 1,158 367,704 
   Other96,358 253,705 37,127 387,190 
          Total$2,564,004 $2,684,563 $610,760 $5,859,327 

Contract assets represent goods produced without alternative use for which the Company is entitled to payment with margin prior to shipment. Upon shipment, the Company is entitled to bill the customer, and therefore amounts included in contract assets will be reduced with the recording of an account receivable as they represent an unconditional right to payment. Contract liabilities represent revenue deferred due to pricing mechanisms utilized by the Company in certain multi-year arrangements, volume rebates, and receipts of advanced payments. For multi-year arrangements with pricing mechanisms, the Company will generally defer revenue during the initial term of the arrangement, and will release the deferral over the back half of the contract term. Contract assets and liabilities are generally short in duration given the nature of products produced by the Company.
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, 2024December 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, 2024December 31, 2023
Contract AssetContract LiabilityContract AssetContract Liability
Beginning balance$14,754 $(15,252)$18,037 $(12,588)
Acquired as part of a business combination62,439 (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 period67,062 — 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)