XML 56 R44.htm IDEA: XBRL DOCUMENT v3.22.4
Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of revenue
The following tables set forth information about revenue disaggregated by primary geographic regions for the years ended December 31, 2022, 2021 and 2020. 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 18.
Year Ended December 31, 2022Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary geographical markets:
   United States $2,960,098 $1,611,390 $660,604 $5,232,092 
   Europe442,743 434,076 84,878 961,697 
   Canada117,671 109,997 — 227,668 
   Asia Pacific97,182 275,395 1,157 373,734 
   Other150,262 253,705 51,394 455,361 
          Total$3,767,956 $2,684,563 $798,033 $7,250,552 
Year Ended December 31, 2021Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary geographical markets:
   United States $1,607,810 $1,421,684 $620,596 $3,650,090 
   Europe444,734 408,093 88,828 941,655 
   Canada117,492 94,780 — 212,272 
   Asia Pacific82,882 316,841 1,280 401,003 
   Other115,429 222,914 47,075 385,418 
          Total$2,368,347 $2,464,312 $757,779 $5,590,438 
Year Ended December 31, 2020Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary geographical markets:
   United States $1,581,639 $1,177,903 $651,721 $3,411,263 
   Europe394,473 328,410 332,947 1,055,830 
   Canada96,457 84,968 — 181,425 
   Asia Pacific74,823 241,163 684 316,670 
   Other82,467 159,030 30,758 272,255 
          Total$2,229,859 $1,991,474 $1,016,110 $5,237,443 
Contract asset and liabilities
The following table sets forth information about contract assets and liabilities from contracts with customers. The balances of the contract assets and liabilities are located in "Other receivables" and "Accrued expenses and other" on the Consolidated Balance Sheets.
December 31, 2022December 31, 2021
Contract Assets$56,008 $51,106 
Contract Liabilities(22,423)(18,993)


Significant changes in the contract assets and liabilities balances during the twelve months ended December 31, 2022 and 2021 were as follows:
December 31, 2022December 31, 2021
Contract AssetContract LiabilityContract AssetContract Liability
Beginning balance$51,106 $(18,993)$48,390 $(16,687)
Acquired as part of a business acquisition8,107 (5,418)— — 
Revenue deferred or rebates accrued— (57,510)— (36,527)
Recognized as revenue — 18,201 — 7,238 
Rebates paid to customers— 41,297 — 26,983 
Increases due to rights to consideration for customer specific goods produced, but not billed during the period56,008 — 51,106 — 
Transferred to receivables from contract assets recognized at the beginning of the period and acquired as part of business acquisition(59,213)— (48,390)— 
Ending balance$56,008 $(22,423)$51,106 $(18,993)