Revenue Recognition |
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| Revenue from Contract with Customer [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue Recognition | 4. Revenue Recognition Disaggregated Revenue ASC 606, “Revenue from Contracts with Customers”, requires that we disaggregate revenue from contracts with customers into categories that depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The following tables summarize our disaggregated revenue with unaffiliated customers by product type and segment for the three and six months ended June 30, 2025 and 2024. Net sales are attributed to segments based on the location of production.
4. Revenue Recognition - continued
Packaging revenue is derived mainly from the sale of corrugated and consumer packaging products. The remainder of packaging revenue is composed of bag-in-box, packaging solutions and other paper-based packaging products. Contract assets relate to the manufacture of certain products that have no alternative use to us, with right to payment for performance completed to date on these products, including a reasonable profit. Contract assets are reduced when the customer takes title to the goods and assumes the risks and rewards for the goods. Contract liabilities represent obligations to transfer goods or services to a customer for which we have received consideration and are reduced once control of the goods is transferred to the customer. Contract assets and contract liabilities are reported within “Other current assets” and “Other current liabilities”, respectively, on the Condensed Consolidated Balance Sheets.
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