Revenue Recognition (Tables)

6 Months Ended

Jun. 28, 2026

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 payables,” respectively, in the Company’s Condensed Consolidated Balance Sheets.


	June 28, 2026		December 31, 2025

Contract Assets	$	93,133	$	77,978
Contract Liabilities	(44,407)		(58,784)

Significant changes in the contract assets and liabilities balances during the six-month period ended June 28, 2026 and the year ended December 31, 2025 were as follows:


	June 28, 2026				December 31, 2025
	Contract Assets		Contract Liabilities		Contract Assets		Contract Liabilities
Beginning Balance	$	77,978	$	(58,784)	$	67,062	$	(60,024)
Acquired/ sold as part of a business combination/ divestiture	—		—		(53)		(324)
Revenue deferred or rebates accrued	—		(46,153)		—		(94,947)
Recognized as revenue	—		511		—		1,183
Rebates paid to customers	—		60,019		—		95,328
Increases due to rights to consideration for customer specific goods produced, but not billed during the period	93,133		—		77,978		—
Transferred to receivables from contract assets recognized at the beginning of the period and acquired as part of business combination	(77,978)		—		(67,009)		—



Ending Balance	$	93,133	$	(44,407)	$	77,978	$	(58,784)

Schedule of Disaggregation of Revenue

The following tables set forth information about revenue disaggregated by primary geographic regions for the three- and six-month periods ended June 28, 2026 and June 29, 2025. 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 17.


Three-month period ended June 28, 2026	Consumer Packaging		Industrial Paper Packaging		Total
Primary Geographical Markets:
United States	$	468,040	$	409,938	$	877,978
EMEA	705,379		110,224		815,603
Canada	1,936		22,443		24,379
APAC	32,561		38,122		70,683
Other	33,923		62,919		96,842
Total	$	1,241,839	$	643,646	$	1,885,485


Three-month period ended June 29, 2025	Consumer Packaging		Industrial Paper Packaging		All Other		Total
Primary Geographical Markets:
United States	$	467,148	$	392,259	$	60,296	$	919,703
EMEA	707,327		105,276		5,106		817,709
Canada	4,404		23,312		—		27,716
APAC	23,675		36,582		345		60,602
Other	24,479		60,232		—		84,711
Total	$	1,227,033	$	617,661	$	65,747	$	1,910,441


Six-month period ended June 28, 2026	Consumer Packaging		Industrial Paper Packaging		Total
Primary Geographical Markets:
United States	$	909,006	$	775,035	$	1,684,041
EMEA	1,302,963		210,714		1,513,677
Canada	4,500		42,579		47,079
APAC	61,311		72,845		134,156
Other	61,134		121,840		182,974
Total	$	2,338,914	$	1,223,013	$	3,561,927


Six-month period ended June 29, 2025	Consumer Packaging		Industrial Paper Packaging		All Other		Total
Primary Geographical Markets:
United States	$	915,182	$	769,424	$	110,195	$	1,794,801
EMEA	1,274,351		200,905		10,059		1,485,315
Canada	8,269		44,746		—		53,015
APAC	48,314		72,419		596		121,329
Other	47,510		117,699		—		165,209
Total	$	2,293,626	$	1,205,193	$	120,850	$	3,619,669