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Restructuring and asset impairment (Tables)

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Restructuring-Related Asset Impairment Expenses by Type Incurred and by Reportable Segment

Following are the total restructuring and asset impairment charges, net of adjustments, recognized during the periods presented:

			Year Ended December 31,
			2024						2023						2022
Restructuring and restructuring-related asset impairment charges			$	65,370					$	47,909					$	42,290
Other asset impairments			—						—						10,095
Restructuring/Asset impairment charges			$	65,370					$	47,909					$	52,385

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

			Year Ended December 31,
			2024						2023						2022
Severance and Termination Benefits			$	37,307					$	15,543					$	13,808
Asset Impairment/Disposal of Assets			15,719						24,415						9,182
Other Costs			12,344						7,951						19,300
Total restructuring and restructuring-related asset impairment charges			$	65,370					$	47,909					$	42,290

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

			Year Ended December 31,
			2024						2023						2022
Consumer Packaging			$	19,259					$	4,111					$	8,207
Industrial Paper Packaging			33,923						38,754						15,598
All Other			1,434						2,547						(44)
Corporate			10,754						2,497						18,529
Total restructuring and restructuring-related asset impairment charges			$	65,370					$	47,909					$	42,290

Schedule of Restructuring Accrual Activity

The following table sets forth the activity in the restructuring accrual included in “Accrued expenses and other” in the Company’s Consolidated Balance Sheets:

Accrual Activity			Severance and Termination Benefits						Asset Impairment/ Disposal of Assets						Other Costs						Total
Liability, December 31, 2022			$	12,780					$	—					$	1,286					$	14,066
2023 charges			15,543						24,415						7,951						47,909
Cash (payments)/receipts			(19,437)						—						(8,995)						(28,432)
Asset write downs/disposals			—						(24,415)						—						(24,415)
Foreign currency translation			(22)						—						30						8
Liability, December 31, 2023			$	8,864					$	—					$	272					$	9,136
2024 charges			37,307						15,719						12,344						65,370
Cash (payments)/receipts			(21,653)						9,680						(11,610)						(23,583)
Asset write downs/disposals			—						(25,399)						—						(25,399)
Foreign currency translation			(484)						—						(97)						(581)
Liability, December 31, 2024			$	24,034					$	—					$	909					$	24,943

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- 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

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-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
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-SubTopic 10
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- 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
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-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

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-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

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