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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Receivables, Contracts Assets and Liabilities from Contracts With Customers
The following table sets forth the effects of contract assets and liabilities from contracts with customers. Contract assets and liabilities are reported in “Other receivables” and “Accrued expenses and other,” respectively, in the Company’s Condensed Consolidated Balance Sheets.
June 30, 2024December 31, 2023
Contract Assets$53,177 $54,334 
Contract Liabilities(26,954)(24,973)
Significant changes in the contract assets and liabilities balances during the six-month period ended June 30, 2024 and the year ended December 31, 2023 were as follows:
June 30, 2024December 31, 2023
Contract
Asset
Contract
Liability
Contract
Asset
Contract
Liability
Beginning Balance$54,334 $(24,973)$56,008 $(22,423)
Acquired/sold as part of a business combination/divestiture
— 194 — (1,436)
Revenue deferred or rebates accrued— (32,484)— (53,464)
Recognized as revenue5,720 11,761 
Rebates paid to customers— 24,589 — 40,589 
Increases due to rights to consideration for customer specific goods produced, but not billed during the period53,177 — 54,334 — 
Transferred to receivables from contract assets recognized at the beginning of the period and acquired as part of business combinations(54,334)— (56,008)— 
Ending Balance$53,177 $(26,954)$54,334 $(24,973)
Schedule of Disaggregation of Revenue
The following tables set forth information about revenue disaggregated by primary geographic regions for the three-month periods ended June 30, 2024 and July 2, 2023. 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 16.
Three-month period ended June 30, 2024Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary Geographical Markets:
  United States$697,610 $363,215 $79,732 $1,140,557 
  Europe109,704 96,428 14,628 220,760 
  Canada35,745 25,415 — 61,160 
  Asia24,488 53,937 359 78,784 
  Other60,182 61,775 261 122,218 
Total$927,729 $600,770 $94,980 $1,623,479 
Three-month period ended July 2, 2023Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary Geographical Markets:
  United States$749,077 $339,933 $120,984 $1,209,994 
  Europe119,831 101,162 18,008 239,001 
  Canada31,789 24,211 — 56,000 
  Asia24,466 55,788 364 80,618 
  Other46,157 64,049 9,471 119,677 
Total$971,320 $585,143 $148,827 $1,705,290 
The following tables set forth information about revenue disaggregated by primary geographic regions for the six-month periods ended June 30, 2024 and July 2, 2023. The tables also include a reconciliation of disaggregated revenue with reportable segments.
Six-month period ended June 30, 2024Consumer
Packaging
Industrial
Paper
Packaging
All OtherTotal
Primary Geographical Markets:
  United States$1,375,525 $717,581 $189,300 $2,282,406 
  Europe222,491 194,128 29,018 445,637 
  Canada66,197 50,186 — 116,383 
  Asia50,394 110,886 712 161,992 
  Other123,699 121,049 9,856 254,604 
Total$1,838,306 $1,193,830 $228,886 $3,261,022 
Six-month period ended July 2, 2023Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary Geographical Markets:
  United States$1,486,868 $700,713 $248,111 $2,435,692 
  Europe238,672 208,970 36,060 483,702 
  Canada60,591 51,163 — 111,754 
  Asia48,602 114,619 694 163,915 
  Other94,595 125,533 19,882 240,010 
Total$1,929,328 $1,200,998 $304,747 $3,435,073