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Revenue Recognition (Tables) | 3 Months Ended
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Mar. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Receivables, Contracts Assets and Liabilities from Contracts With Customers | The following table sets forth the effects of contract assets and liabilities from contracts with customers. Contract assets and liabilities are reported in “Other receivables” and “Accrued expenses and other,” respectively, in the Company’s Condensed Consolidated Balance Sheets.
|  | March 30, 2025 |  | December 31, 2024
Contract Assets |  | $ | 80,294 |  |  | $ | 67,062 |
Contract Liabilities |  | (43,428) |  |  | (60,024) |
Significant changes in the contract assets and liabilities balances during the three-month period ended March 30, 2025 and the year ended December 31, 2024 were as follows:
|  | March 30, 2025 |  | December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
|  | Contract Asset |  | Contract Liability |  | Contract Asset |  | Contract Liability |  |  |  |  |  |  |  |  |  |  |  |
Beginning Balance | $ | 67,062 |  |  | $ | (60,024) |  |  | $ | 14,754 |  |  | $ | (15,252) |  |  |  |  |  |  |  |  |  |  |  |  |
Acquired as part of a business combination | — |  |  | — |  |  | 62,439 |  |  | (47,478) |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue deferred or rebates accrued | — |  |  | (11,812) |  |  | — |  |  | (25,736) |  |  |  |  |  |  |  |  |  |  |  |  |
Recognized as revenue | — |  |  | 500 |  |  | — |  |  | 2,341 |  |  |  |  |  |  |  |  |  |  |  |  |
Rebates paid to customers | — |  |  | 27,908 |  |  | — |  |  | 26,101 |  |  |  |  |  |  |  |  |  |  |  |  |
Increases due to rights to consideration for customer specific goods produced, but not billed during the period | 80,294 |  |  | — |  |  | 67,062 |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Transferred to receivables from contract assets recognized at the beginning of the period and acquired as part of business combination | (67,062) |  |  | — |  |  | (77,193) |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |
Ending Balance | $ | 80,294 |  |  | $ | (43,428) |  |  | $ | 67,062 |  |  | $ | (60,024) |  |  |  |  |  |  |  |  |  |  |  |  |
Schedule of Disaggregation of Revenue | The following tables set forth information about revenue disaggregated by primary geographic regions for the three-month periods ended March 30, 2025 and March 31, 2024. 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 17.
Three-month period ended March 30, 2025 | Consumer Packaging |  | Industrial Paper Packaging |  | All Other |  | Total
Primary Geographical Markets: |  |  |  |  |  |  |
United States | $ | 448,034 |  |  | $ | 357,586 |  |  | $ | 69,478 |  |  | $ | 875,098 |
Europe, Middle East and Africa (EMEA) | 567,024 |  |  | 86,109 |  |  | 14,473 |  |  | 667,606 |
Canada | 3,865 |  |  | 21,434 |  |  | — |  |  | 25,299 |
Asia Pacific | 24,639 |  |  | 35,837 |  |  | 251 |  |  | 60,727 |
Other | 23,031 |  |  | 56,743 |  |  | 724 |  |  | 80,498 |
Total | $ | 1,066,593 |  |  | $ | 557,709 |  |  | $ | 84,926 |  |  | $ | 1,709,228 |
Three-month period ended March 31, 2024 | Consumer Packaging |  | Industrial Paper Packaging |  | All Other |  | Total
Primary Geographical Markets: |  |  |  |  |  |  |
United States | $ | 422,592 |  |  | $ | 354,366 |  |  | $ | 109,568 |  |  | $ | 886,526 |
Europe, Middle East and Africa (EMEA) | 105,136 |  |  | 97,700 |  |  | 14,390 |  |  | 217,226 |
Canada | 3,903 |  |  | 24,770 |  |  | — |  |  | 28,673 |
Asia Pacific | 24,463 |  |  | 56,950 |  |  | 354 |  |  | 81,767 |
Other | 25,576 |  |  | 59,274 |  |  | 9,594 |  |  | 94,444 |
Total | $ | 581,670 |  |  | $ | 593,060 |  |  | $ | 133,906 |  |  | $ | 1,308,636 |

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- 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
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- 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
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