XML 40 R25.htm IDEA: XBRL DOCUMENT v3.23.1
Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Net sales are attributed to the following geographic locations of the Company’s direct customers (in millions):
Three Months Ended March 31,
20232022
ATMFBSTotalATMFBSTotal
United States$207.7 $132.1 $339.8 $152.0 $38.6 $190.6 
Europe and the former Commonwealth of Independent States151.2 54.6 205.8 64.1 51.0 115.1 
Asia-Pacific46.0 27.2 73.2 35.4 24.9 60.3 
Americas (excluding U.S.)18.9 22.3 41.2 14.2 12.7 26.9 
Other foreign countries10.5 8.5 19.0 7.2 6.7 13.9 
Net sales$434.3 $244.7 $679.0 $272.9 $133.9 $406.8 
Schedule of Disaggregation of Revenue, Percent
Net sales as a percentage by end market for the ATM business were as follows:
Three Months Ended March 31,
20232022
Industrials33 %36 %
Protective solutions15 %31 %
Filtration26 %17 %
Healthcare15 %16 %
Release liners11 %— %
   Net sales 100 %100 %
Net sales as a percentage by end market for the FBS business were as follows:
Three Months Ended March 31,
20232022
Packaging and specialty papers47 %— %
Engineered papers53 %100 %
Net sales100 %100 %
Schedule of Reverse Receivables Programs and Receivable Sales Agreement
The following table summarizes the activity under the Receivables Sales Agreement and Reverse Receivables Programs (in millions):
Three Months Ended
March 31, 2023
Trade accounts receivable sold to financial institutions$312.1 
Cash proceeds from financial institutions308.8