| Segment and Geographic Data |
9. Segment and Geographic Data
The Company’s operations are organized into four
reporting segments: Consumer Packaging International, Consumer Packaging North America, Health, Hygiene & Specialties, and Flexibles. The structure is designed to align
us with our customers, provide optimal service, drive future growth, and to facilitate synergies realization.
Selected information by reportable segment is presented in the following tables:
| |
|
Quarterly Period Ended
|
|
|
Two Quarterly Periods Ended
|
|
| |
|
March 30, 2024
|
|
|
April 1, 2023
|
|
|
March 30, 2024
|
|
|
April 1, 2023
|
|
|
Net sales:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Packaging International
|
|
$
|
968
|
|
|
$
|
1,059
|
|
|
$
|
1,885
|
|
|
$
|
1,995
|
|
|
Consumer Packaging North America
|
|
|
751
|
|
|
|
774
|
|
|
|
1,451
|
|
|
|
1,537
|
|
|
Health, Hygiene & Specialties
|
|
|
646
|
|
|
|
677
|
|
|
|
1,248
|
|
|
|
1,340
|
|
|
Flexibles
|
|
|
711
|
|
|
|
778
|
|
|
|
1,345
|
|
|
|
1,476
|
|
|
Total net sales
|
|
$
|
3,076
|
|
|
$
|
3,288
|
|
|
$
|
5,929
|
|
|
$
|
6,348
|
|
|
Operating income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Packaging International
|
|
$
|
3
|
|
|
$
|
75
|
|
|
$
|
34
|
|
|
$
|
121
|
|
|
Consumer Packaging North America
|
|
|
77
|
|
|
|
93
|
|
|
|
140
|
|
|
|
164
|
|
|
Health, Hygiene & Specialties
|
|
|
33
|
|
|
|
34
|
|
|
|
30
|
|
|
|
68
|
|
|
Flexibles
|
|
|
95
|
|
|
|
99
|
|
|
|
161
|
|
|
|
158
|
|
|
Total operating income
|
|
$
|
208
|
|
|
$
|
301
|
|
|
$
|
365
|
|
|
$
|
511
|
|
|
Depreciation and amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Packaging International
|
|
$
|
81
|
|
|
$
|
77
|
|
|
$
|
161
|
|
|
$
|
151
|
|
|
Consumer Packaging North America
|
|
|
57
|
|
|
|
54
|
|
|
|
114
|
|
|
|
105
|
|
|
Health, Hygiene & Specialties
|
|
|
45
|
|
|
|
44
|
|
|
|
91
|
|
|
|
88
|
|
|
Flexibles
|
|
|
31
|
|
|
|
25
|
|
|
|
62
|
|
|
|
55
|
|
|
Total depreciation and amortization
|
|
$
|
214
|
|
|
$
|
200
|
|
|
$
|
428
|
|
|
$
|
399
|
|
Selected information by geographical region is presented in the following tables:
| |
|
Quarterly Period Ended
|
|
|
Two Quarterly Periods Ended
|
|
| |
|
March 30, 2024
|
|
|
April 1, 2023
|
|
|
March 30, 2024
|
|
|
April 1, 2023
|
|
|
Net sales:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States and Canada
|
|
$
|
1,672
|
|
|
$
|
1,751
|
|
|
$
|
3,233
|
|
|
$
|
3,447
|
|
|
Europe
|
|
|
1,125
|
|
|
|
1,237
|
|
|
|
2,136
|
|
|
|
2,286
|
|
|
Rest of world
|
|
|
279
|
|
|
|
300
|
|
|
|
560
|
|
|
|
615
|
|
|
Total net sales
|
|
$
|
3,076
|
|
|
$
|
3,288
|
|
|
$
|
5,929
|
|
|
$
|
6,348
|
|
|