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Segment Information | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Segment Information | Segment Information As part of the organizational realignment effective during the first quarter of 2024, we reorganized into two new reportable segments: FAM is focused primarily on filtration media and components, advanced films, coating and converting solutions, and extruded mesh products. The FAM segment supplies customers directly, serving a diverse set of generally high-growth end markets. FAM end markets include water and air purification, life sciences, industrial processes, transportation, glass and glazing, packaging, agriculture, building and construction, safety and security. SAS is focused primarily on tapes, labels, liners, specialty paper, packaging and healthcare solutions. The SAS segment supplies customers through distribution and directly, serving growing and mature end markets including building and construction, DIY, product packaging, consumer & commercial papers, personal care, advanced wound care, medical device fixation and medical packaging. The accounting policies of the reportable segments are the same as those described in Note 2. Summary of Significant Accounting Policies in the notes to the consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. Information about Net Sales and Operating Profit (Loss) The Company primarily evaluates segment performance and allocates resources based on operating profit. General corporate expenses that do not directly support the operations of the business segments are unallocated expenses. Assets are managed on a total company basis and are therefore not disclosed at the segment level. Net sales and operating profit (loss) by segment were (in millions):
| Net Sales
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
FAM | $ | 189.6 |  |  | $ | 195.8 |  |  | $ | 598.7 |  |  | $ | 628.1 |
SAS | 308.9 |  |  | 302.4 |  |  | 923.8 |  |  | 945.6 |
Total Consolidated | $ | 498.5 |  |  | $ | 498.2 |  |  | $ | 1,522.5 |  |  | $ | 1,573.7 |
| Operating Profit (Loss)
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
FAM | $ | 19.9 |  |  | $ | 22.6 |  |  | $ | 59.7 |  |  | $ | 78.3 |
SAS | 10.3 |  |  | (405.8) |  |  | 30.1 |  |  | (385.4) |
Unallocated | (23.2) |  |  | (36.7) |  |  | (86.1) |  |  | (104.6) |
Total Consolidated | $ | 7.0 |  |  | $ | (419.9) |  |  | $ | 3.7 |  |  | $ | (411.7) |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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