Revenue Recognition (Tables)

3 Months Ended

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