Segment and Disaggregated Revenue Information (Tables)

3 Months Ended

Apr. 01, 2023

Segment Reporting [Abstract]

Schedule of segment reporting information by segment

Disaggregated revenue information is shown below in the manner that best reflects how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Revenue from our Materials Group reportable segment is attributed to geographic areas based on the location from which products are shipped. Revenue from our Solutions Group reportable segment is shown by product group.

	Three Months Ended
(In millions)	April 1, 2023		April 2, 2022
Net sales to unaffiliated customers
Materials Group:
U.S.	$	446.4	$	488.8
Europe	498.9		622.7
Asia	315.6		361.2
Latin America	113.7		109.8
Other international	85.9		87.8
Total Materials Group	1,460.5		1,670.3
Solutions Group:
Apparel	418.8		514.6
Identification Solutions and Vestcom	185.7		164.4
Total Solutions Group	604.5		679.0
Net sales to unaffiliated customers	$	2,065.0	$	2,349.3

Additional financial information by reportable segment and Corporate is shown below.

	Three Months Ended
(In millions)	April 1, 2023		April 2, 2022
Intersegment sales
Materials Group	$	34.9	$	32.5
Solutions Group	10.0		11.0
Intersegment sales	$	44.9	$	43.5
Income before taxes
Materials Group	$	160.5	$	222.8
Solutions Group	51.5		90.3
Corporate expense	(21.9)		(25.2)
Interest expense	(26.4)		(19.6)
Other non-operating expense (income), net	4.6		1.4
Income before taxes	$	168.3	$	269.7
Other expense (income), net, by reportable segment and Corporate
Materials Group	$	14.3	$	(3.2)
Solutions Group	3.6		1.6
Corporate	(.1)		—
Other expense (income), net	$	17.8	$	(1.6)

Other expense (income), net, by type were as follows:

	Three Months Ended
(In millions)	April 1, 2023		April 2, 2022
Other expense (income), net, by type
Restructuring charges:
Severance and related costs	$	17.1	$	.9
Asset impairment charges	.5		—
Other items:
Transaction and related costs	.2		.2
Outcome of legal proceedings	—		1.0
Gain on venture investment	—		(3.7)
Other expense (income), net	$	17.8	$	(1.6)