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Segment and Disaggregated Revenue Information (Tables)
9 Months Ended
Sep. 28, 2024
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 EndedNine Months Ended
(In millions)September 28, 2024September 30, 2023September 28, 2024September 30, 2023
Net sales to unaffiliated customers
Materials Group:
U.S.$436.4 $425.4 $1,315.4 $1,302.5 
Europe, the Middle East and North Africa
498.5 494.6 1,583.1 1,503.8 
Asia354.9 327.9 1,025.1 981.6 
Latin America124.4 126.2 372.0 357.1 
Other
83.5 81.9 245.4 247.5 
Total Materials Group1,497.7 1,456.0 4,541.0 4,392.5 
Solutions Group:
Apparel and other
463.8 408.7 1,399.6 1,226.4 
Identification Solutions and Vestcom221.9 233.6 629.4 634.9 
Total Solutions Group685.7 642.3 2,029.0 1,861.3 
Net sales to unaffiliated customers$2,183.4 $2,098.3 $6,570.0 $6,253.8 
Additional financial information by reportable segment and Corporate is shown below.
Three Months Ended Nine Months Ended
(In millions)September 28, 2024September 30, 2023September 28, 2024September 30, 2023
Intersegment sales
Materials Group$37.8 $40.6 $123.1 $113.7 
Solutions Group12.3 5.2 38.6 25.2 
Intersegment sales$50.1 $45.8 $161.7 $138.9 
Income before taxes
Materials Group$217.8 $176.5 $667.3 $530.8 
Solutions Group66.5 50.7 186.7 95.0 
Corporate expense(19.9)(20.3)(73.4)(63.3)
Interest expense(30.0)(31.0)(87.8)(89.3)
Other non-operating expense (income), net4.9 8.7 19.3 19.9 
Income before taxes$239.3 $184.6 $712.1 $493.1 
Other expense (income), net, by reportable segment and Corporate
Materials Group(1)
$4.4 $39.6 $39.9 $60.0 
Solutions Group10.9 10.7 14.7 76.5 
Corporate— 3.8 .3 3.7 
Other expense (income), net$15.3 $54.1 $54.9 $140.2 
(1)Included the reclassification of the loss from Argentine peso remeasurement from "Marketing, general and administrative expense" to "Other expense (income), net" in the third quarter of 2023. The impact of the loss from Argentine peso remeasurement prior to the third quarter of 2023 was not material.

Other expense (income), net, by type were as follows:
Three Months Ended Nine Months Ended
(In millions)September 28, 2024September 30, 2023September 28, 2024September 30, 2023
Other expense (income), net, by type
Restructuring charges, net of reversals:
Severance and related costs, net of reversals
$11.0 $38.7 $22.2 $64.6 
Asset impairment and lease cancellation charges
1.4 5.1 3.4 6.8 
Other items:
(Gain) loss on venture investments2.5 — 19.7 — 
Losses from Argentine peso remeasurement and Blue Chip Swap transactions(1)
.4 7.8 15.8 7.8 
Outcomes of legal matters and settlements, net— 2.5 (6.5)56.3 
Transaction and related costs— — .3 4.2 
(Gain) loss on sales of assets
— — — .5 
Other expense (income), net$15.3 $54.1 $54.9 $140.2 
(1)Included the reclassification of the loss from Argentine peso remeasurement from "Marketing, general and administrative expense" to "Other expense (income), net" in the third quarter of 2023. The impact of the loss from Argentine peso remeasurement prior to the third quarter of 2023 was not material.