Segment and Disaggregated Revenue Information (Tables)

3 Months Ended

Mar. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment

Disaggregated revenue information is shown below in the manner that best reflects how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Revenue from our Materials Group reportable segment is attributed to geographic areas based on the location from which products are shipped. Revenue from our Solutions Group reportable segment is shown by product group.

	Three Months Ended
(In millions)	March 30, 2024		April 1, 2023
Net sales to unaffiliated customers
Materials Group:
U.S.	$	437.4	$	446.4
Europe, the Middle East and North Africa	534.7		498.9
Asia	326.2		315.6
Latin America	120.6		113.7
Other	77.6		85.9
Total Materials Group	1,496.5		1,460.5
Solutions Group:
Apparel	459.6		418.8
Identification Solutions and Vestcom	195.2		185.7
Total Solutions Group	654.8		604.5
Net sales to unaffiliated customers	$	2,151.3	$	2,065.0

Additional financial information by reportable segment and Corporate is shown below.

	Three Months Ended
(In millions)	March 30, 2024		April 1, 2023
Intersegment sales
Materials Group	$	47.0	$	34.9
Solutions Group	10.9		10.0
Intersegment sales	$	57.9	$	44.9
Income before taxes
Materials Group	$	226.1	$	160.5
Solutions Group	56.1		51.5
Corporate expense	(27.8)		(21.9)
Interest expense	(28.6)		(26.4)
Other non-operating expense (income), net	8.6		4.6
Income before taxes	$	234.4	$	168.3
Other expense (income), net, by reportable segment and Corporate
Materials Group	$	14.4	$	14.3
Solutions Group	(1.9)		3.6
Corporate	.1		(.1)
Other expense (income), net	$	12.6	$	17.8

Other expense (income), net, by type were as follows:

	Three Months Ended
(In millions)	March 30, 2024		April 1, 2023
Other expense (income), net, by type
Restructuring charges, net of reversals:
Severance and related costs, net of reversals	$	4.9	$	17.1
Asset impairment and lease cancellation charges	1.1		.5
Other items:
Losses from Argentine peso remeasurement and Blue Chip Swap transactions	11.3		—
(Gain) loss on venture investment	2.2		—
Outcomes of legal matters and settlements, net	(6.9)		—
Transaction and related costs	—		.2
Other expense (income), net	$	12.6	$	17.8