Segment reporting (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Financial segment information

The following table sets forth financial information about each of the Company’s business segments and All Other group of businesses:

	Years ended December 31
	Consumer Packaging		Industrial Paper Packaging		All Other		Corporate		Consolidated
Total Revenue
2023	$	3,639,759	$	2,475,935	$	789,781	$	—	$	6,905,475
2022	3,774,957		2,818,778		808,069		—		7,401,804
2021	2,373,583		2,578,379		768,476		—		5,720,438
Intersegment Sales1
2023	$	12,782	$	101,822	$	9,579	$	—	$	124,183
2022	7,001		134,215		10,036		—		151,252
2021	5,236		114,067		10,697		—		130,000
Sales to Unaffiliated Customers
2023	$	3,626,977	$	2,374,113	$	780,202	$	—	$	6,781,292
2022	3,767,956		2,684,563		798,033		—		7,250,552
2021	2,368,347		2,464,312		757,779		—		5,590,438
Income/(Loss) Before Income Taxes2
2023	$	382,063	$	313,545	$	103,745	$	(184,521)	$	614,832
2022	526,028		327,859		65,978		(348,583)		571,282
2021	274,926		226,798		63,060		(725,766)		(160,982)
Identifiable Assets3
2023	$	3,682,650	$	2,559,026	$	825,003	$	125,278	$	7,191,957
2022	3,825,675		2,079,326		871,800		276,139		7,052,940
2021	1,956,688		1,971,293		886,647		258,607		5,073,235
Depreciation, Depletion and Amortization4
2023	$	124,483	$	104,722	$	24,519	$	87,264	$	340,988
2022	111,599		91,944		24,854		80,427		308,824
2021	78,802		91,141		25,822		49,419		245,184
Capital Expenditures
2023	$	186,109	$	111,619	$	24,838	$	40,511	$	363,077
2022	127,478		145,021		21,177		35,093		328,769
2021	60,532		150,225		22,780		22,482		256,019

1 Intersegment sales are recorded at a market-related transfer price.

2 Included in Corporate above are restructuring/asset impairment charges, changes in LIFO inventory reserves, net, gains or losses from derivatives, gains or losses from the divestiture of businesses and other assets, acquisition, integration and divestiture-related costs, amortization of acquired intangibles, and other non-operating income and expenses associated with the following segments:

	Consumer Packaging		Industrial Paper Packaging		All Other		Corporate		Total
2023	$	(56,237)	$	17,064	$	(24,486)	$	(120,862)	$	(184,521)
2022	(138,343)		(40,805)		(18,800)		(150,635)		(348,583)
2021	(25,983)		(2,570)		(23,312)		(673,900)		(725,765)

	The remaining amounts reported as Corporate consist of: interest expense; interest income; non-operating pension costs; and portions of acquisition, integration and divestiture-related costs, restructuring, other income, net, and other non-operating income and expenses not associated with a particular segment.
3	Identifiable assets are those assets used by each segment in its operations. Corporate assets consist primarily of cash and cash equivalents, investments in affiliates, headquarters facilities, deferred income taxes and prepaid expenses.
4	Depreciation and depletion incurred at Corporate are allocated to the reportable segments.

Sales to unaffiliated customers and long-lived assets by geographic region

Sales to unaffiliated customers and long-lived assets by geographic region are as follows:

	2023		2022		2021
Sales to Unaffiliated Customers
United States	$	4,818,736	$	5,232,092	$	3,650,090
Europe	921,347		961,697		941,655
Canada	216,690		227,668		212,272
Asia Pacific	335,557		373,734		401,003
Other	488,962		455,361		385,418
Total	$	6,781,292	$	7,250,552	$	5,590,438
Long-lived Assets
United States	$	3,504,438	$	3,240,011	$	2,078,342
Europe	653,730		607,996		545,211
Canada	113,888		96,210		104,913
Asia Pacific	158,301		157,030		157,084
Other	196,504		85,233		68,949
Total	$	4,626,861	$	4,186,480	$	2,954,499