Revenue Recognition

9 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Note 2. Revenue Recognition

Disaggregated Revenue

ASC 606 requires that we disaggregate revenue from contracts with customers into categories that depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The tables below disaggregate our revenue by geographical market and product type (segment). Net sales are attributed to geographical markets based on our selling location. As discussed above, effective October 1, 2021, we reorganized our segment reporting to four reportable segments and have recast the prior year disclosure to conform to the new segment structure and modify the geographical markets presented.

	Three Months Ended June 30, 2022
(In millions)	Corrugated Packaging		Consumer Packaging		Global Paper		Distribution		Intersegment Sales			Total
Primary Geographical Markets
U.S.	$	2,111.9	$	740.5	$	1,452.8	$	310.6	$	(98.5	)	$	4,517.3
Canada		149.5		133.5		60.7		4.8		(2.3	)		346.2
Latin America		118.1		49.6		64.7		42.3		(0.1	)		274.6
EMEA (1)		3.0		270.8		17.6		—		(0.1	)		291.3
Asia Pacific		—		75.8		14.5		—		—			90.3
Total	$	2,382.5	$	1,270.2	$	1,610.3	$	357.7	$	(101.0	)	$	5,519.7

(1)Europe, Middle East and Africa ("EMEA")

	Nine Months Ended June 30, 2022
(In millions)	Corrugated Packaging		Consumer Packaging		Global Paper		Distribution		Intersegment Sales			Total
Primary Geographical Markets
U.S.	$	6,149.0	$	2,108.8	$	4,042.2	$	914.3	$	(266.7	)	$	12,947.6
Canada		435.8		376.2		180.8		12.1		(5.6	)		999.3
Latin America		330.4		143.4		178.0		118.4		(0.3	)		769.9
EMEA		6.3		799.9		51.1		—		(0.2	)		857.1
Asia Pacific		—		231.2		48.9		—		—			280.1
Total	$	6,921.5	$	3,659.5	$	4,501.0	$	1,044.8	$	(272.8	)	$	15,854.0

	Three Months Ended June 30, 2021
(In millions)	Corrugated Packaging		Consumer Packaging		Global Paper		Distribution		Intersegment Sales			Total
Primary Geographical Markets
U.S.	$	1,930.4	$	630.3	$	1,185.0	$	283.6	$	(89.8	)	$	3,939.5
Canada		127.6		119.6		48.5		6.4		(2.1	)		300.0
Latin America		95.2		35.7		32.1		32.3		(0.2	)		195.1
EMEA		1.5		269.5		16.0		—		—			287.0
Asia Pacific		—		77.1		17.6		—		—			94.7
Total	$	2,154.7	$	1,132.2	$	1,299.2	$	322.3	$	(92.1	)	$	4,816.3

	Nine Months Ended June 30, 2021
(In millions)	Corrugated Packaging		Consumer Packaging		Global Paper		Distribution		Intersegment Sales			Total
Primary Geographical Markets
U.S.	$	5,571.0	$	1,834.4	$	3,215.4	$	798.7	$	(238.2	)	$	11,181.3
Canada		378.8		352.4		147.1		13.6		(4.8	)		887.1
Latin America		243.3		120.5		61.2		94.1		(0.3	)		518.8
EMEA		3.5		752.3		48.3		—		—			804.1
Asia Pacific		—		215.7		48.7		—		(0.1	)		264.3
Total	$	6,196.6	$	3,275.3	$	3,520.7	$	906.4	$	(243.4	)	$	13,655.6

Revenue Contract Balances

Contract assets are rights to consideration in exchange for goods that we have transferred to a customer when that right is conditional on something other than the passage of time. Contract assets are reduced when the control of the goods passes to the customer. Contract liabilities represent obligations to transfer goods or services to a customer for which we have received consideration. Contract liabilities are reduced once control of the goods is transferred to the customer.

The opening and closing balances of our contract assets and contract liabilities are as follows. Contract assets and contract liabilities are reported within Other current assets and Other current liabilities, respectively, on the condensed consolidated balance sheets.

(In millions)	Contract Assets (Short-Term)		Contract Liabilities (Short-Term)
Beginning balance - October 1, 2021	$	199.1	$	12.8
Ending balance - June 30, 2022		229.5		16.1
Increase	$	30.4	$	3.3