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Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Net Sales are Attributed to the Geographic Locations | Net sales are attributed to the following geographic locations of the Company’s direct customers (in millions):
| Three Months Ended June 30,
| 2024 |  | 2023
| FAM |  | SAS |  | Total |  | FAM |  | SAS |  | Total
United States | $ | 116.2 |  |  | $ | 177.8 |  |  | $ | 294.0 |  |  | $ | 119.9 |  |  | $ | 155.8 |  |  | $ | 275.7 |
Europe | 50.6 |  |  | 89.0 |  |  | 139.6 |  |  | 51.9 |  |  | 95.7 |  |  | 147.6 |
Asia-Pacific | 31.1 |  |  | 21.8 |  |  | 52.9 |  |  | 29.9 |  |  | 21.7 |  |  | 51.6 |
Americas (excluding U.S.) | 5.9 |  |  | 19.8 |  |  | 25.7 |  |  | 6.1 |  |  | 32.4 |  |  | 38.5 |
Other foreign countries | 2.6 |  |  | 9.0 |  |  | 11.6 |  |  | 3.9 |  |  | 9.2 |  |  | 13.1 |
Net sales | $ | 206.4 |  |  | $ | 317.4 |  |  | $ | 523.8 |  |  | $ | 211.7 |  |  | $ | 314.8 |  |  | $ | 526.5 |
| Six Months Ended June 30,
| 2024 |  | 2023
| FAM |  | SAS |  | Total |  | FAM |  | SAS |  | Total
United States | $ | 225.1 |  |  | $ | 337.2 |  |  | $ | 562.3 |  |  | $ | 244.0 |  |  | $ | 334.8 |  |  | $ | 578.8 |
Europe | 104.6 |  |  | 176.1 |  |  | 280.7 |  |  | 109.4 |  |  | 195.8 |  |  | 305.2 |
Asia-Pacific | 63.2 |  |  | 42.7 |  |  | 105.9 |  |  | 59.4 |  |  | 44.0 |  |  | 103.4 |
Americas (excluding U.S.) | 11.1 |  |  | 42.1 |  |  | 53.2 |  |  | 11.5 |  |  | 51.2 |  |  | 62.7 |
Other foreign countries | 5.1 |  |  | 16.8 |  |  | 21.9 |  |  | 8.0 |  |  | 17.4 |  |  | 25.4 |
Net sales | $ | 409.1 |  |  | $ | 614.9 |  |  | $ | 1,024.0 |  |  | $ | 432.3 |  |  | $ | 643.2 |  |  | $ | 1,075.5 |
Schedule of Net Sales as a Percentage by End Market | Net sales as a percentage by product category for the business were as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Filtration & netting | 25 | % |  | 25 | % |  | 25 | % |  | 25 | %
Advanced films | 14 | % |  | 15 | % |  | 15 | % |  | 15 | %
Tapes, labels & liners | 31 | % |  | 30 | % |  | 30 | % |  | 30 | %
Paper & packaging | 16 | % |  | 16 | % |  | 16 | % |  | 17 | %
Healthcare & other | 14 | % |  | 14 | % |  | 14 | % |  | 13 | %
Net sales | 100 | % |  | 100 | % |  | 100 | % |  | 100 | %
Schedule of Activity Under the Receivables Sales Agreement and Reverse Receivables Programs | The following table summarizes the activity under the Receivables Sales Agreement and Reverse Receivables Programs (in millions):
| Six Months Ended June 30,
| 2024 |  | 2023
Trade accounts receivable sold to financial institutions | $ | 517.0 |  |  | $ | 568.9 |
Cash proceeds from financial institutions | 516.6 |  |  | 568.2 |

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