v3.25.2
Accumulated Other Comprehensive Income/(Loss) - Schedule of Effects on Net Income of Significant Amounts Reclassified from Accumulated Other Comprehensive Income/(Loss) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2025
Mar. 30, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 29, 2025
Jun. 30, 2024
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]            
Net income from discontinued operations $ 424,548   $ 33,540   $ 429,720 $ 63,301
(Loss)/Gain on divestiture of business         619,507 4,478
Net sales 1,910,441   1,278,801   3,619,669 2,587,437
Cost of sales (1,504,164)   (993,558)   (2,859,705) (2,031,029)
Income from continuing operations before income taxes 105,881   71,893   174,424 114,139
Provision for income taxes (39,500)   (16,756)   (60,647) (24,627)
Net income 493,199 $ 54,489 90,951 $ 65,273 547,688 156,224
Reclassification out of Accumulated Other Comprehensive Income            
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]            
Net sales 1,368   230   1,767 666
Cost of sales (151)   (64)   (192) (139)
Net income (47,695)   (4,222)   (52,029) (4,848)
Reclassification out of Accumulated Other Comprehensive Income | Foreign Currency Items            
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]            
Net income (47,955)   (2,913)   (51,747) (2,913)
Reclassification out of Accumulated Other Comprehensive Income | Foreign Currency Items | Thermoformed and Flexible Packaging Business and its Global Trident Business            
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]            
Net income from discontinued operations (47,955)   0   (47,955) 0
Reclassification out of Accumulated Other Comprehensive Income | Foreign Currency Items | Tube and Core Operations            
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]            
(Loss)/Gain on divestiture of business 0   0   (3,792) 0
Reclassification out of Accumulated Other Comprehensive Income | Foreign Currency Items | Black Diamond Capital Management LLC            
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]            
(Loss)/Gain on divestiture of business 0   (2,913)   0 (2,913)
Reclassification out of Accumulated Other Comprehensive Income | Gains and Losses on Cash Flow Hedges            
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]            
Income from continuing operations before income taxes 1,217   166   1,575 527
Provision for income taxes (319)   (147)   (410) (159)
Net income 898   19   1,165 368
Reclassification out of Accumulated Other Comprehensive Income | Gains and Losses on Cash Flow Hedges | Foreign exchange contracts            
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]            
Net sales 1,368   230   1,767 666
Cost of sales (151)   (64)   (192) (139)
Reclassification out of Accumulated Other Comprehensive Income | Defined Benefit Pension Items            
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]            
Income from continuing operations before income taxes (842)   (1,710)   (1,898) (2,940)
Provision for income taxes 204   382   451 637
Net income (638)   (1,328)   (1,447) (2,303)
Reclassification out of Accumulated Other Comprehensive Income | Amortization of defined benefit pension items            
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]            
Non-operating pension costs (842)   (1,199)   (1,898) (2,429)
Reclassification out of Accumulated Other Comprehensive Income | Effect of settlement loss            
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]            
Non-operating pension costs $ 0   $ (511)   $ 0 $ (511)