Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Year	Summary Compensation Table Total for PEO ($)	Compensation Actually Paid to PEO(1)(2) ($)	Average Summary Compensation Table Total for Non-PEO NEOs(3) ($)	Average Compensation Actually Paid to Non-PEO NEOs(1)(2)(3) ($)	Value of Initial Fixed $100 Investment Based On:		Net Income ($m)	Adjusted EBIT(6) ($m)
					Company TSR(4) ($)	Peer Group TSR(4)(5) ($)
2023	8,721,018	9,414,595	2,171,986	2,291,678	105	120	298	512
2022	6,805,161	3,692,477	1,715,941	1,096,076	114	121	258	429
2021	5,940,377	3,389,548	1,480,706	1,022,817	116	131	324	492
2020	11,410,221	12,624,919	2,683,195	2,896,277	107	114	363	618

Company Selected Measure Name

Adjusted EBIT

Named Executive Officers, Footnote

The non-PEO NEOs represent the following individuals for each of the years shown:

•2023: Scott Huckins, CFO, Rachel Bishop, President, Hefty Tableware, Judith Buckner, President, Reynolds Cooking & Baking, Lisa Smith, President, Hefty Waste and Storage and Michael Graham, former CFO;

•2022: Michael Graham, CFO, Rachel Bishop, President, Hefty Tableware, Judith Buckner, President, Reynolds Cooking & Baking, Lisa Smith, President, Hefty Waste and Storage and Craig Cappel, former President, Reynolds Cooking & Baking;

•2021: Michael Graham, CFO, Craig Cappel, former President, Reynolds Cooking & Baking, Stephan Pace, President, Sales and Chief Customer Officer and Steve Estes, Chief Administrative Officer; and

•2020: Michael Graham, CFO, Rachel Bishop, President, Hefty Tableware, Craig Cappel, former President, Reynolds Cooking & Baking and Stephan Pace, President, Sales and Chief Customer Officer.

Peer Group Issuers, Footnote

The complete list of our peer group used for the TSR calculation is the same group of companies used by us for purposes of the performance graph in our Annual Report on Form 10-K and comprises: Church & Dwight Co., Inc., The Clorox Company, Colgate-Palmolive Company, Energizer Holdings, Inc., Kimberly-Clark Corporation, Newell Brands Inc., The Procter & Gamble Company, The Scotts Miracle-Gro Company, Spectrum Brands Holdings, Inc. and WD-40 Company.

PEO Total Compensation Amount

$ 8,721,018

$ 6,805,161

$ 5,940,377

$ 11,410,221

PEO Actually Paid Compensation Amount

$ 9,414,595

3,692,477

3,389,548

12,624,919

Adjustment To PEO Compensation, Footnote

To calculate compensation actually paid (“CAP”), the following amounts were deducted from and added to the Summary Compensation Table (“SCT”) total compensation for 2023 (the equity adjustments for 2020-2022 were set forth in the proxy statement for our 2023 annual meeting of stockholders):

PEO SCT Total to CAP Reconciliation

Year	SCT Total ($)	Deductions from SCT Total ($)(i)	Additions to SCT Total ($)(ii)	CAP ($)
		(i)	(ii)
2023	8,721,018	(4,105,334)	4,798,911	9,414,595

Represents the following:

Year	Grant Date Fair Value of Covered Year Equity Awards ($)	Year-Over-Year Change in Fair Value of Prior Years' Awards Unvested at the End of Covered Year ($)	Change in Fair Value of Prior Years' Awards that Vested in Covered Year ($)	Fair Value at End of Prior Year of Prior Years' Awards that Failed to Meet Applicable Vesting Conditions During the Covered Year ($)	Deductions from SCT Total ($)
2023	(3,875,014)	(195,274)	(35,046)	—	(4,105,334)

(ii)    Represents the following:

Year	Fair Value of Covered Year Equity Awards at Covered Year End ($)	Additions to SCT Total ($)
2023	4,798,911	4,798,911

Non-PEO NEO Average Total Compensation Amount

$ 2,171,986

1,715,941

1,480,706

2,683,195

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,291,678

1,096,076

1,022,817

2,896,277

Adjustment to Non-PEO NEO Compensation Footnote

Average Non-PEO NEO SCT Total to CAP Reconciliation

Year	SCT Total ($)	Deductions from SCT Total ($)(iii)	Additions to SCT Total ($)(iv)	CAP ($)
2023	2,171,986	(983,104)	1,102,796	2,291,678

(iii)    Represents the following:

Year	Grant Date Fair Value of Covered Year Equity Awards ($)	Year-Over-Year Change in Fair Value of Prior Years' Awards Unvested at the End of Covered Year ($)	Change in Fair Value of Prior Years' Awards that Vested in Covered Year ($)	Fair Value at End of Prior Year of Prior Years' Awards that Failed to Meet Applicable Vesting Conditions During the Covered Year ($)	Aggregate Change in the Actuarial Present Value of the Accumulated Benefit Under all Defined Benefit and Actuarial Plans Reported in the SCT in Each Year ($)	Deductions from SCT Total ($)
2023	(944,946)	(30,524)	(4,716)	—	(2,918)	(983,104)

(iv)    Represents the following:

Year	Fair Value of Covered Year Equity Awards at Covered Year End ($)	Additions to SCT Total ($)
2023	1,102,796	1,102,796

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Cumulative Company TSR and Cumulative Peer Group TSR

(1)     Regular CAP consists of CAP amounts in each year, other than IPO-Related CAP in 2020. IPO-Related CAP consists of the 2020 amounts awarded pursuant to IPO Success Transition Bonuses and the IPO RSUs granted on February 4, 2020.

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Net Income

(1)     Regular CAP consists of CAP amounts in each year, other than IPO-Related CAP in 2020. IPO-Related CAP consists of the 2020 amounts awarded pursuant to IPO Success Transition Bonuses and the IPO RSUs granted on February 4, 2020.

Compensation Actually Paid vs. Company Selected Measure

Compensation Actually Paid vs. Adjusted EBIT

(1)     Regular CAP consists of CAP amounts in each year, other than IPO-Related CAP in 2020. IPO-Related CAP consists of the 2020 amounts awarded pursuant to IPO Success Transition Bonuses and the IPO RSUs granted on February 4, 2020.

Total Shareholder Return Vs Peer Group

Compensation Actually Paid vs. Cumulative Company TSR and Cumulative Peer Group TSR

(1)     Regular CAP consists of CAP amounts in each year, other than IPO-Related CAP in 2020. IPO-Related CAP consists of the 2020 amounts awarded pursuant to IPO Success Transition Bonuses and the IPO RSUs granted on February 4, 2020.

Tabular List, Table

Most Important Performance Measures

• Adjusted EBIT

• Revenue

• Adjusted Earnings per Share

• Adjusted EBITDA(1)

• Free Cash Flow

Total Shareholder Return Amount

$ 105

114

116

107

Peer Group Total Shareholder Return Amount

120

121

131

114

Net Income (Loss)

$ 298,000,000

$ 258,000,000

$ 324,000,000

$ 363,000,000

Company Selected Measure Amount

512,000,000

429,000,000

492,000,000

618,000,000

PEO Name

Lance Mitchell

Additional 402(v) Disclosure

We define Adjusted EBITDA as net income calculated in accordance with GAAP, plus the sum of income tax expense, net interest expense, depreciation and amortization and IPO and separation-related costs, as well as other non-recurring costs.

Measure:: 1

Pay vs Performance Disclosure

Non-GAAP Measure Description

Our company-selected measure, which is the measure we believe represents the most important financial performance measure not otherwise presented in the table above that we use to link Compensation Actually Paid to our NEOs for fiscal 2023 to our company’s performance is Adjusted EBIT. Adjusted EBIT is a non-GAAP financial measure. Refer to Appendix A to this Proxy Statement for a reconciliation of this non-GAAP financial measure to the corresponding GAAP measure.

Measure:: 6

Pay vs Performance Disclosure

Non-GAAP Measure Description

Total shareholder return as calculated based on a fixed investment of $100 measured from the market close on January 31, 2020 (the first trading day of our stock) through and including the end of the fiscal year for each year reported in the table.

PEO | Adjustment, Deductions [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (4,105,334)

PEO | Adjustment, Additions [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

4,798,911

PEO | Equity Awards Granted During the Year, Fair Value [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(3,875,014)

PEO | Equity Awards Granted in Prior Years, Unvested [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(195,274)

PEO | Equity Awards Granted in Prior Years, Vested [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(35,046)

PEO | Equity Award Failed to Meet Vesting Conditions [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Equity Awards in Current Year, Fair Value [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 4,798,911

Non-PEO NEO | Measure:: 1

Pay vs Performance Disclosure

Name

• Adjusted EBIT

Non-PEO NEO | Measure:: 2

Pay vs Performance Disclosure

Name

• Revenue

Non-PEO NEO | Measure:: 3

Pay vs Performance Disclosure

Name

• Adjusted Earnings per Share

Non-PEO NEO | Measure:: 4

Pay vs Performance Disclosure

Name

• Adjusted EBITDA(1)

Non-PEO NEO | Measure:: 5

Pay vs Performance Disclosure

Name

• Free Cash Flow

Non-PEO NEO | Adjustment, Deductions [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (983,104)

Non-PEO NEO | Adjustment, Additions [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,102,796

Non-PEO NEO | Equity Awards Granted During the Year, Fair Value [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(944,946)

Non-PEO NEO | Equity Awards Granted in Prior Years, Unvested [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(30,524)

Non-PEO NEO | Equity Awards Granted in Prior Years, Vested [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(4,716)

Non-PEO NEO | Equity Award Failed to Meet Vesting Conditions [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Equity Awards in Current Year, Fair Value [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,102,796

Non-PEO NEO | Aggregate Change in Present Value [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (2,918)