v3.24.2.u1
Restructuring and Asset Impairments (Tables)
 6 Months Ended
Jun. 30, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Restructuring-Related Asset Impairment Expenses by Type Incurred and by Reportable Segment
Following are the total restructuring and asset impairment charges, net of adjustments, recognized during the periods presented:
Three Months EndedSix Months Ended
June 30, 2024July 2, 2023June 30, 2024July 2, 2023
Restructuring and restructuring-related asset impairment charges$19,250 $6,057 $50,868 $34,871 
Other asset impairments— — — — 
Restructuring/Asset impairment charges$19,250 $6,057 $50,868 $34,871 

The table below sets forth restructuring and restructuring-related asset impairment charges by type incurred:
Three Months EndedSix Months Ended
June 30, 2024July 2, 2023June 30, 2024July 2, 2023
Severance and termination benefits$6,100 $4,118 $24,093 $9,634 
Asset impairments11,499 806 20,343 19,999 
Other costs1,651 1,133 6,432 5,238 
Restructuring and restructuring-related asset impairment charges$19,250 $6,057 $50,868 $34,871 
The table below sets forth restructuring and restructuring-related asset impairment charges attributable to each reportable segment, the All Other group of businesses, and Corporate-related activity:
Three Months EndedSix Months Ended
June 30, 2024July 2, 2023June 30, 2024July 2, 2023
Consumer Packaging$11,163 $4,015 $16,088 $6,695 
Industrial Paper Packaging7,737 1,987 30,340 26,531 
All Other214 865 1,362 918 
Corporate136 (810)3,078 727 
Restructuring and restructuring-related asset impairment charges$19,250 $6,057 $50,868 $34,871 
Schedule of Restructuring Accrual Activity
The following table sets forth the activity in the restructuring accrual included in “Accrued expenses and other” in the Company’s Condensed Consolidated Balance Sheets:
Severance
and
Termination
Benefits		Asset
Impairments/
Disposal
of Assets		Other
Costs		Total
Accrual Activity
Liability at December 31, 2023
$14,315 $— $1,638 $15,953 
2024 charges24,093 20,343 6,432 50,868 
Cash (payments)/receipts(16,024)2,613 (4,653)(18,064)
Asset writedowns/disposals— (22,956)— (22,956)
Foreign currency translation(253)— (73)(326)
Liability at June 30, 2024
$22,131 $— $3,344 $25,475