Segment and Disaggregated Revenue Information (Tables)

6 Months Ended

Jul. 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				Six Months Ended
(In millions)	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Net sales to unaffiliated customers
Materials Group:
U.S.	$	430.7	$	491.1	$	877.1	$	979.9
Europe	510.3		645.2		1,009.2		1,267.9
Asia	338.1		344.3		653.7		705.5
Latin America	117.2		118.7		230.9		228.5
Other international	79.7		90.2		165.6		178.0
Total Materials Group	1,476.0		1,689.5		2,936.5		3,359.8
Solutions Group:
Apparel	398.9		486.7		817.7		1,001.3
Identification Solutions and Vestcom	215.6		170.8		401.3		335.2
Total Solutions Group	614.5		657.5		1,219.0		1,336.5
Net sales to unaffiliated customers	$	2,090.5	$	2,347.0	$	4,155.5	$	4,696.3

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

	Three Months Ended				Six Months Ended
(In millions)	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Intersegment sales
Materials Group	$	38.2	$	31.8	$	73.1	$	64.3
Solutions Group	10.0		8.1		20.0		19.1
Intersegment sales	$	48.2	$	39.9	$	93.1	$	83.4
Income before taxes
Materials Group	$	193.8	$	246.7	$	354.3	$	469.5
Solutions Group	(7.2)		84.6		44.3		174.9
Corporate expense	(21.1)		(23.9)		(43.0)		(49.1)
Interest expense	(31.9)		(20.8)		(58.3)		(40.4)
Other non-operating expense (income), net	6.6		1.3		11.2		2.7
Income before taxes	$	140.2	$	287.9	$	308.5	$	557.6
Other expense (income), net, by reportable segment and Corporate
Materials Group	$	6.1	$	.6	$	20.4	$	(2.6)
Solutions Group	62.2		1.3		65.8		2.9
Corporate	—		1.5		(.1)		1.5
Other expense (income), net	$	68.3	$	3.4	$	86.1	$	1.8

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

	Three Months Ended				Six Months Ended
(In millions)	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Other expense (income), net, by type
Restructuring charges:
Severance and related costs	$	8.8	$	3.1	$	25.9	$	4.0
Asset impairment charges	1.2		—		1.7		—
Other items:
Outcomes of legal proceedings	53.8		.7		53.8		1.7
Transaction and related costs	4.0		.1		4.2		.3
(Gain) loss on sales of assets	.5		(.5)		.5		(.5)
Gain on venture investment	—		—		—		(3.7)
Other expense (income), net	$	68.3	$	3.4	$	86.1	$	1.8