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Concentrations of Risk
6 Months Ended
Jun. 30, 2024
Risks and Uncertainties [Abstract]  
Concentration of Risk

16. Concentrations of Risk

ODP Corporation ("ODP"), formerly Office Depot Inc., along with its subsidiaries and affiliates, is our largest customer in the Paper segment. Our Paper segment has had a long-standing commercial and contractual relationship with ODP. This relationship exposes us to a significant concentration of business and financial risk. Our sales to ODP represented approximately 5% of our total Company sales for both the six month periods ended June 30, 2024 and 2023 and approximately 59% and 63% of our Paper segment sales for those periods, respectively. For the full year 2023, sales to ODP represented about 61% of our Paper segment sales.

At June 30, 2024 and December 31, 2023, we had $44.3 million and $46.5 million of accounts receivable due from ODP, respectively, which represents approximately 4% of our total Company receivables for both periods.