
SEGMENT FINANCIAL INFORMATION
	Three Months Ended
		March 31, 2024		April 2, 2023
Net sales:
Consumer Packaging		$	910,577	$	958,008
Industrial Paper Packaging		593,060		615,855
Total reportable segments		$	1,503,637	$	1,573,863
All Other		133,906		155,920
Net Sales		$	1,637,543	$	1,729,783

Intersegment sales(1):
Consumer Packaging		$	3,545	$	2,007
Industrial Paper Packaging		28,417		38,720
Total reportable segments		$	31,962	$	40,727
All Other		1,791		2,789
Intersegment Sales		$	33,753	$	43,516

Segment operating profit(2):
Consumer Packaging		$	93,027	$	96,494
Industrial Paper Packaging		65,844		94,367
Segment operating profit		$	158,871	$	190,861

(2) Segment operating profit viewed by the Company’s management to evaluate segment performance does not include the following: restructuring/asset impairment charges; amortization of acquisition intangibles; acquisition, integration and divestiture-related costs; changes in last-in, first-out inventory reserves; gains/losses from the sale of businesses or other assets; derivative gains/(losses); or certain other items, if any, the exclusion of which the Company believes improves the comparability and analysis of the ongoing operating performance of the business. All other general corporate expenses have been allocated as operating costs to each of the Company’s reportable segments and the All Other group of businesses.


RECONCILIATION OF SEGMENT OPERATING PROFIT TO INCOME BEFORE INCOME TAXES
	Three Months Ended
		March 31, 2024		April 2, 2023
Segment operating profit		$	158,871	$	190,861
All Other operating profit		17,125		22,560
Corporate
Restructuring/Asset impairment charges		(31,618)		(28,814)
Amortization of acquisition intangibles		(22,939)		(21,164)
Gains from divestiture of business and other assets		—		72,010
Acquisition, integration and divestiture-related costs		(5,661)		(5,188)
Changes in LIFO inventory reserves		(431)		5,425
Derivative gains/(losses)		286		(6,085)
Other operating (charges)/income, net(3)		(3,180)		43
Operating profit		$	112,453	$	229,648

Non-operating pension costs		(3,295)		(3,658)
Interest expense		(31,220)		(34,232)
Interest income		3,558		1,562
Income before income taxes		$	81,496	$	193,320