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Revenue Recognition (Tables) | 9 Months Ended
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Sep. 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 September 30,
| 2024 |  | 2023
| FAM |  | SAS |  | Total |  | FAM |  | SAS |  | Total
United States | $ | 101.2 |  |  | $ | 178.1 |  |  | $ | 279.3 |  |  | $ | 133.6 |  |  | $ | 165.3 |  |  | $ | 298.9 |
Europe | 46.0 |  |  | 83.4 |  |  | 129.4 |  |  | 37.4 |  |  | 81.9 |  |  | 119.3 |
Asia-Pacific | 32.2 |  |  | 21.1 |  |  | 53.3 |  |  | 17.4 |  |  | 20.3 |  |  | 37.7 |
Americas (excluding U.S.) | 7.0 |  |  | 19.4 |  |  | 26.4 |  |  | 4.6 |  |  | 27.0 |  |  | 31.6 |
Other foreign countries | 3.2 |  |  | 6.9 |  |  | 10.1 |  |  | 2.8 |  |  | 7.9 |  |  | 10.7 |
Net sales | $ | 189.6 |  |  | $ | 308.9 |  |  | $ | 498.5 |  |  | $ | 195.8 |  |  | $ | 302.4 |  |  | $ | 498.2 |
| Nine Months Ended September 30,
| 2024 |  | 2023
| FAM |  | SAS |  | Total |  | FAM |  | SAS |  | Total
United States | $ | 326.3 |  |  | $ | 515.3 |  |  | $ | 841.6 |  |  | $ | 377.6 |  |  | $ | 500.1 |  |  | $ | 877.7 |
Europe | 150.6 |  |  | 259.5 |  |  | 410.1 |  |  | 146.8 |  |  | 277.6 |  |  | 424.4 |
Asia-Pacific | 96.2 |  |  | 64.7 |  |  | 160.9 |  |  | 77.5 |  |  | 65.1 |  |  | 142.6 |
Americas (excluding U.S.) | 18.1 |  |  | 61.5 |  |  | 79.6 |  |  | 16.1 |  |  | 78.2 |  |  | 94.3 |
Other foreign countries | 7.5 |  |  | 22.8 |  |  | 30.3 |  |  | 10.1 |  |  | 24.6 |  |  | 34.7 |
Net sales | $ | 598.7 |  |  | $ | 923.8 |  |  | $ | 1,522.5 |  |  | $ | 628.1 |  |  | $ | 945.6 |  |  | $ | 1,573.7 |
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 September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Filtration & netting | 25 | % |  | 25 | % |  | 25 | % |  | 25 | %
Advanced films | 13 | % |  | 15 | % |  | 14 | % |  | 15 | %
Tapes, labels & liners | 30 | % |  | 29 | % |  | 30 | % |  | 30 | %
Paper & packaging | 17 | % |  | 17 | % |  | 17 | % |  | 17 | %
Healthcare & other | 15 | % |  | 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):
| Nine Months Ended September 30,
| 2024 |  | 2023
Trade accounts receivable sold to financial institutions | $ | 778.7 |  |  | $ | 839.5 |
Cash proceeds from financial institutions | 778.1 |  |  | 830.7 |

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