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Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 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 June 30,
| 2023 |  | 2022
| ATM |  | FBS |  | Total |  | ATM |  | FBS |  | Total
United States | $ | 187.9 |  |  | $ | 121.0 |  |  | $ | 308.9 |  |  | $ | 174.6 |  |  | $ | 37.1 |  |  | $ | 211.7 |
Europe and the former Commonwealth of Independent States | 141.9 |  |  | 58.1 |  |  | 200.0 |  |  | 65.4 |  |  | 51.0 |  |  | 116.4 |
Asia-Pacific | 45.2 |  |  | 37.4 |  |  | 82.6 |  |  | 38.6 |  |  | 26.2 |  |  | 64.8 |
Americas (excluding U.S.) | 33.4 |  |  | 24.0 |  |  | 57.4 |  |  | 3.5 |  |  | 16.9 |  |  | 20.4 |
Other foreign countries | 11.4 |  |  | 8.0 |  |  | 19.4 |  |  | 6.0 |  |  | 7.1 |  |  | 13.1 |
Net sales | $ | 419.8 |  |  | $ | 248.5 |  |  | $ | 668.3 |  |  | $ | 288.1 |  |  | $ | 138.3 |  |  | $ | 426.4 |
| Six Months Ended June 30,
| 2023 |  | 2022
| ATM |  | FBS |  | Total |  | ATM |  | FBS |  | Total
United States | $ | 395.6 |  |  | $ | 253.1 |  |  | $ | 648.7 |  |  | $ | 326.6 |  |  | $ | 75.7 |  |  | $ | 402.3 |
Europe and the former Commonwealth of Independent States | 293.1 |  |  | 112.7 |  |  | 405.8 |  |  | 129.5 |  |  | 102.0 |  |  | 231.5 |
Asia-Pacific | 91.2 |  |  | 64.6 |  |  | 155.8 |  |  | 74.0 |  |  | 51.1 |  |  | 125.1 |
Americas (excluding U.S.) | 52.3 |  |  | 46.3 |  |  | 98.6 |  |  | 17.7 |  |  | 29.6 |  |  | 47.3 |
Other foreign countries | 21.9 |  |  | 16.5 |  |  | 38.4 |  |  | 13.2 |  |  | 13.8 |  |  | 27.0 |
Net sales | $ | 854.1 |  |  | $ | 493.2 |  |  | $ | 1,347.3 |  |  | $ | 561.0 |  |  | $ | 272.2 |  |  | $ | 833.2 |
Schedule of Disaggregation of Revenue, Percent | Net sales as a percentage by end market for the ATM business were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Industrials | 32 | % |  | 37 | % |  | 32 | % |  | 37 | %
Protective solutions | 16 | % |  | 31 | % |  | 16 | % |  | 31 | %
Filtration | 25 | % |  | 16 | % |  | 26 | % |  | 16 | %
Healthcare | 16 | % |  | 16 | % |  | 15 | % |  | 16 | %
Release liners | 11 | % |  | — | % |  | 11 | % |  | — | %
Net sales | 100 | % |  | 100 | % |  | 100 | % |  | 100 | %
Net sales as a percentage by end market for the FBS business were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Packaging and specialty papers | 43 | % |  | — | % |  | 45 | % |  | — | %
Engineered papers | 57 | % |  | 100 | % |  | 55 | % |  | 100 | %
Net sales | 100 | % |  | 100 | % |  | 100 | % |  | 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):
| Six Months Ended
| June 30, 2023
Trade accounts receivable sold to financial institutions | $ | 639.9 |
Cash proceeds from financial institutions | 633.6 |

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