XML 35 R25.htm IDEA: XBRL DOCUMENT v3.25.2
Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2025
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 during the three months ended June 30, 2025 and 2024 were as follows (in millions):
Three Months Ended June 30,
20252024
FAM
SAS
Total
FAM
SAS
Total
United States$110.4 $184.3 $294.7 $116.2 $177.8 $294.0 
Europe
49.7 89.7 139.4 50.6 89.0 139.6 
Asia-Pacific31.3 17.5 48.8 31.1 21.8 52.9 
Americas (excluding U.S.)7.1 19.8 26.9 5.9 19.8 25.7 
Other foreign countries5.9 9.7 15.6 2.6 9.0 11.6 
Net sales$204.4 $321.0 $525.4 $206.4 $317.4 $523.8 
Six Months Ended June 30,
20252024
FAM
SAS
Total
FAM
SAS
Total
United States$213.0 $356.9 $569.9 $225.1 $337.2 $562.3 
Europe
96.2 169.0 265.2 104.6 176.1 280.7 
Asia-Pacific58.7 37.6 96.3 63.2 42.7 105.9 
Americas (excluding U.S.)13.6 37.1 50.7 11.1 42.1 53.2 
Other foreign countries10.5 17.6 28.1 5.1 16.8 21.9 
Net sales$392.0 $618.2 $1,010.2 $409.1 $614.9 $1,024.0 
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,
2025202420252024
Filtration & netting
25 %25 %26 %25 %
Advanced films
13 %14 %13 %15 %
Tapes, labels & liners
30 %31 %30 %30 %
Paper & packaging
17 %16 %16 %16 %
Healthcare & other
15 %14 %15 %14 %
   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,
20252024
Trade accounts receivable sold to financial institutions$514.3 $517.0 
Cash proceeds from financial institutions513.9 516.6