v3.25.2
Revenue Recognition (Tables)
 6 Months Ended
Jun. 29, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Receivables, Contracts Assets and Liabilities from Contracts With Customers
The following table sets forth the effects of contract assets and liabilities from contracts with customers. Contract assets and liabilities are reported in “Other receivables” and “Accrued expenses and other,” respectively, in the Company’s Condensed Consolidated Balance Sheets.
June 29, 2025December 31, 2024
Contract Assets$98,907 $67,062 
Contract Liabilities(42,515)(60,024)
Significant changes in the contract assets and liabilities balances during the six-month period ended June 29, 2025 and the year ended December 31, 2024 were as follows:
June 29, 2025December 31, 2024
Contract
Asset		Contract
Liability		Contract
Asset		Contract
Liability
Beginning Balance$67,062 $(60,024)$14,754 $(15,252)
Acquired as part of a business combination— — 62,439 (47,478)
Revenue deferred or rebates accrued— (18,369)— (25,736)
Recognized as revenue— 477 — 2,341 
Rebates paid to customers— 35,401 — 26,101 
Increases due to rights to consideration for customer specific goods produced, but not billed during the period98,907 — 67,062 — 
Transferred to receivables from contract assets recognized at the beginning of the period and acquired as part of business combination(67,062)— (77,193)— 
Ending Balance$98,907 $(42,515)$67,062 $(60,024)
Schedule of Disaggregation of Revenue
The following tables set forth information about revenue disaggregated by primary geographic regions for the three-month periods ended June 29, 2025 and June 30, 2024. The tables also include a reconciliation of disaggregated revenue with reportable segments. The Company’s reportable segments are aligned by product nature as disclosed in Note 17.
Three-month period ended June 29, 2025Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary Geographical Markets:
United States$467,148 $373,341 $79,214 $919,703 
Europe, Middle East and Africa (EMEA)707,327 95,032 15,350 817,709 
Canada4,404 23,312 — 27,716 
Asia Pacific23,675 36,582 345 60,602 
Other24,479 59,972 260 84,711 
Total$1,227,033 $588,239 $95,169 $1,910,441 
Three-month period ended June 30, 2024Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary Geographical Markets:
United States$429,490 $363,215 $79,732 $872,437 
EMEA101,543 96,428 14,628 212,599 
Canada4,620 25,415 — 30,035 
Asia Pacific23,290 53,937 359 77,586 
Other24,108 61,775 261 86,144 
Total$583,051 $600,770 $94,980 $1,278,801 
The following tables set forth information about revenue disaggregated by primary geographic regions for the six-month periods ended June 29, 2025 and June 30, 2024. The tables also include a reconciliation of disaggregated revenue with reportable segments.
Six-month period ended June 29, 2025Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary Geographical Markets:
United States$915,182 $730,927 $148,692 $1,794,801 
EMEA1,274,351 181,141 29,823 1,485,315 
Canada8,269 44,746 — 53,015 
Asia Pacific48,314 72,419 596 121,329 
Other47,510 116,715 984 165,209 
Total$2,293,626 $1,145,948 $180,095 $3,619,669 
Six-month period ended June 30, 2024Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary Geographical Markets:
United States$852,082 $717,581 $189,300 $1,758,963 
EMEA206,679 194,128 29,018 429,825 
Canada8,523 50,186 — 58,709 
Asia Pacific47,754 110,886 712 159,352 
Other49,683 121,049 9,856 180,588 
Total$1,164,721 $1,193,830 $228,886 $2,587,437