| Schedule of Restructuring and Restructuring-Related Asset Impairment Expenses by Type Incurred and by Reportable Segment |
Set forth below are the total restructuring and asset impairment charges, net of adjustments, recognized during the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 28, 2026 | | June 29, 2025 | | June 28, 2026 | | June 29, 2025 | Restructuring and restructuring-related asset impairment charges, net | | $ | 1,933 | | | $ | 9,752 | | | $ | 17,066 | | | $ | 23,333 | | | Other asset impairments | | — | | | — | | | — | | | — | | Restructuring/Asset impairment charges, net | | $ | 1,933 | | | $ | 9,752 | | | $ | 17,066 | | | $ | 23,333 | |
The table below sets forth restructuring and restructuring-related asset impairment charges by type incurred: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 28, 2026 | | June 29, 2025 | | June 28, 2026 | | June 29, 2025 | | Severance and Termination Benefits | | $ | (886) | | | $ | 6,367 | | | $ | 6,484 | | | $ | 13,365 | | | Asset Impairment/Disposal of Assets | | 537 | | | 1,381 | | | 3,627 | | | 6,482 | | | Other Costs | | 2,282 | | | 2,004 | | | 6,955 | | | 3,486 | | Restructuring and restructuring-related asset impairment charges, net | | $ | 1,933 | | | $ | 9,752 | | | $ | 17,066 | | | $ | 23,333 | |
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 Ended | | Six Months Ended | | | June 28, 2026 | | June 29, 2025 | | June 28, 2026 | | June 29, 2025 | | Consumer Packaging | | $ | (170) | | | $ | 1,509 | | | $ | 8,937 | | | $ | 2,738 | | | Industrial Paper Packaging | | 1,237 | | | 8,234 | | | 7,196 | | | 20,732 | | | All Other | | — | | | 16 | | | — | | | 21 | | | Corporate | | 866 | | | (7) | | | 933 | | | (158) | | Restructuring and restructuring-related asset impairment charges, net | | $ | 1,933 | | | $ | 9,752 | | | $ | 17,066 | | | $ | 23,333 | |
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| Schedule of Restructuring Accrual Activity |
The following table sets forth the activity in the restructuring accrual included in “Accrued expenses and other payables” 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, 2025 | | $ | 55,628 | | | $ | — | | | $ | 3,527 | | | $ | 59,155 | | | 2026 charges | | 6,484 | | | 3,627 | | | 6,955 | | | 17,066 | | | Cash (payments)/receipts | | (24,442) | | | 1,705 | | | (7,159) | | | (29,896) | | | Asset write downs/disposals | | — | | | (5,332) | | | — | | | (5,332) | | | | | | | | | | | | Foreign currency translation | | (1,045) | | | — | | | 13 | | | (1,032) | | | Liability at June 28, 2026 | | $ | 36,625 | | | $ | — | | | $ | 3,336 | | | $ | 39,961 | |
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