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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has two reportable segments: Filtration & Advanced Materials ("FAM") and Sustainable & Adhesive Solutions ("SAS").

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, 2024.

Our Chief Operating Decision Maker ("CODM") is our President and Chief Executive Officer. The CODM considers operating profit when making resource allocation decisions for each segment.

Segment Results

The CODM primarily evaluates segment performance and allocates resources based on Operating profit (loss). 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, costs of products sold, nonmanufacturing expense, restructuring and impairment expense, and operating profit (loss) by segments were (in millions):
 Three Months Ended
March 31,
 20252024
Net Sales
FAM$187.6 $202.7 
SAS297.2 297.5 
Consolidated$484.8 $500.2 
Cost of products sold
FAM$155.5 $160.2 
SAS256.7 256.0 
Consolidated$412.2 $416.2 
Total nonmanufacturing expense
FAM$24.2 $24.7 
SAS27.2 29.1 
Total segments51.4 53.8 
Unallocated33.6 29.6 
Consolidated$85.0 $83.4 
Restructuring and impairment
FAM$417.9 $3.2 
SAS0.3 8.2 
Total segments418.2 11.4 
Unallocated— 3.0 
Consolidated$418.2 $14.4 
Operating profit (loss)
FAM$(410.0)$14.6 
SAS13.0 4.2 
Total segments(397.0)18.8 
Unallocated(33.6)(32.6)
Consolidated$(430.6)$(13.8)