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SEGMENT AND DISAGGREGATED REVENUE INFORMATION (Tables)
 12 Months Ended
Dec. 28, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment 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.
(In millions)202420232022
Net sales to unaffiliated customers
Materials Group:
U.S.$1,715.6 $1,687.8 $1,892.1 
Europe, the Middle East and North Africa
2,091.0 2,007.1 2,396.2 
Asia1,388.0 1,315.2 1,390.3 
Latin America489.7 474.2 470.1 
Other
328.7 327.0 346.4 
Total Materials Group6,013.0 5,811.3 6,495.1 
Solutions Group:
Apparel and other
1,875.5 1,661.4 1,851.2 
Identification Solutions and Vestcom867.2 891.6 693.0 
Total Solutions Group2,742.7 2,553.0 2,544.2 
Net sales to unaffiliated customers$8,755.7 $8,364.3 $9,039.3 
Additional financial information by reportable segment is shown below.
Intersegment sales are recorded at or near market prices and are eliminated in determining consolidated net sales. We do not disclose total assets by reportable segment since we neither generate nor review that information internally. As our reporting structure is neither organized nor reviewed internally by country, results by individual country are not provided.
(In millions)202420232022
Intersegment sales
Materials Group
$162.8 $157.1 $137.1 
Solutions Group52.3 35.5 37.4 
Intersegment sales$215.1 $192.6 $174.5 
Capital expenditures(1)(2)
Materials Group
$96.3 $117.8 $153.5 
Solutions Group120.8 148.7 144.0 
Capital expenditures$217.1 $266.5 $297.5 
Depreciation and amortization expense(1)
Materials Group
$130.9 $127.8 $135.8 
Solutions Group181.3 170.6 154.9 
Depreciation and amortization expense$312.2 $298.4 $290.7 
(1) Corporate capital expenditures and depreciation and amortization expense are allocated to the reportable segments based on their percentage of consolidated net sales.
(2) Capital expenditures for property, plant and equipment included accruals.
Other expense (income), net by type were as follows:
(In millions)202420232022
Other expense (income), net by type
Restructuring charges, net of reversals:
Severance and related costs, net of reversals
$35.4 $70.8 $7.6 
Asset impairment and lease cancellation charges
6.5 8.6 .1 
Other items:
Losses from Argentine peso remeasurement and Blue Chip Swap transactions16.4 29.9 — 
(Gain) loss on venture investments
19.2 1.5 (13.5)
Outcomes of legal matters and settlements, net(1)
(6.2)64.3 6.3 
Transaction and related costs.3 5.3 .3 
(Gain) loss on sales of assets
— .5 (1.4)
Other expense (income), net$71.6 $180.9 $(.6)
(1) Amount for 2023 included an additional contingent liability related to the Adasa litigation in the amount of $56.3 million. Refer to Note 8, “Contingencies” for more information.
Schedule of Revenue from External Customers by Products
Revenue from our Materials Group reportable segment by product group is shown below.
(In millions)202420232022
Net sales to unaffiliated customers
Materials Group:
 Labels, graphics and reflectives $5,266.0 $5,076.8 $5,725.7 
 Tapes and adhesives 676.0 665.3 696.3 
 Other 71.0 69.2 73.1 
Total Materials Group$6,013.0 $5,811.3 $6,495.1 
Schedule of Disaggregation of Revenue
Our total company revenue by geographic area is shown below. Revenue is attributed to geographic areas based on the location from which products are shipped.
(In millions)202420232022
Net sales to unaffiliated customers
U.S.$2,613.4 $2,578.3 $2,565.9 
Europe, the Middle East and North Africa
2,418.6 2,306.7 2,683.6 
Asia2,763.1 2,545.2 2,817.2 
Latin America599.8 582.3 605.7 
Other
360.8 351.8 366.9 
Net sales to unaffiliated customers$8,755.7 $8,364.3 $9,039.3 
Reconciliation of Operating Profit (Loss) from Segments to Consolidated Segment results and reconciliation to income before taxes are presented below.
(In millions)202420232022
Materials Group
Net sales to unaffiliated customers
$6,013.0 $5,811.3 $6,495.1 
Segment expense(1)
5,088.3 5,022.1 5,649.2 
Segment adjusted operating income$924.7 $789.2 $845.9 
Solutions Group
Net sales to unaffiliated customers
$2,742.7 $2,553.0 $2,544.2 
Segment expense(1)
2,453.4 2,301.0 2,234.1 
Segment adjusted operating income$289.3 $252.0 $310.1 
(1) Segment expense included cost of sales and marketing, general and administrative expense and excluded other expense (income), net, and other items.
(In millions)202420232022
Segment adjusted operating income
Materials Group
$924.7 $789.2 $845.9 
Solutions Group289.3 252.0 310.1 
Total1,214.0 1,041.2 1,156.0 
Corporate expense(91.9)(77.4)(82.6)
Other expense (income), net and other items(78.3)(180.9).6 
Interest expense(117.0)(119.0)(84.1)
Other non-operating expense (income), net26.7 30.8 9.4 
Income before taxes$953.5 $694.7 $999.3 
Schedule of Long-lived Assets by Geographical Area
Long-lived assets (including property, plant and equipment, net, and operating lease assets) in our U.S. and non-U.S. operations were as follows:
(In millions)20242023
Long-lived assets
U.S.$642.7 $662.8 
Non-U.S.
1,171.5 1,163.2 
Long-lived assets
$1,814.2 $1,826.0