v3.25.2
Restructuring and Asset Impairments (Tables)
 6 Months Ended
Jun. 29, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Restructuring-Related Asset Impairment Expenses by Type Incurred and by Reportable Segment
Following are the total restructuring and asset impairment charges, net of adjustments, recognized during the periods presented:
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Restructuring and restructuring-related asset impairment charges$9,752 $17,963 $23,333 $48,973 
Other asset impairments— — — — 
Restructuring/Asset impairment charges$9,752 $17,963 $23,333 $48,973 
The table below sets forth restructuring and restructuring-related asset impairment charges by type incurred:
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Severance and Termination Benefits$6,367 $5,480 $13,365 $23,271 
Asset Impairment/Disposal of Assets1,381 10,898 6,482 19,020 
Other Costs2,004 1,585 3,486 6,682 
Total restructuring and restructuring-related asset impairment charges$9,752 $17,963 $23,333 $48,973 
The table below sets forth restructuring and restructuring-related asset impairment charges attributable to each reportable segment, the All Other group of businesses, and Corporate-related activity:
Three Months EndedSix Months Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Consumer Packaging$1,509 $9,876 $2,738 $14,193 
Industrial Paper Packaging8,234 7,737 20,769 30,340 
All Other16 214 (16)1,362 
Corporate(7)136 (158)3,078 
Total restructuring and restructuring-related asset impairment charges$9,752 $17,963 $23,333 $48,973 
Schedule of Restructuring Accrual Activity
The following table sets forth the activity in the restructuring accrual included in “Accrued expenses and other” in the Company’s Condensed Consolidated Balance Sheets:
Severance
and Termination
Benefits		Asset
Impairments/ Disposal
of Assets		Other
Costs		Total
Accrual Activity
Liability at December 31, 2024$24,034 $— $909 $24,943 
2025 charges13,365 6,482 3,486 23,333 
Cash (payments)/receipts(19,370)88 (2,872)(22,154)
Asset write downs/disposals— (6,570)— (6,570)
Foreign currency translation903 — 318 1,221 
Liability at June 29, 2025$18,932 $— $1,841 $20,773