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Segment and Disaggregated Revenue Information (Tables)
 3 Months Ended
Mar. 29, 2025
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)
March 29, 2025(2)
March 30, 2024
Net sales to unaffiliated customers(1)
Materials Group:
North America
$490.2 $477.1 
Europe, the Middle East and North Africa
517.6 534.7 
Asia Pacific
358.5 364.1 
Latin America113.8 120.6 
Total Materials Group
1,480.1 1,496.5 
Solutions Group:
Apparel and other
454.8 459.9 
Identification Solutions and Vestcom213.4 194.9 
Total Solutions Group
668.2 654.8 
Net sales to unaffiliated customers$2,148.3 $2,151.3 
(1)Certain prior-period amounts have been reclassified to conform to the current-year presentation.
(2)Beginning in the first quarter of 2025 and to better align with our growth strategy, revenues for certain RFID products were reflected in the Materials Group reportable segment; in prior years, these revenues were reflected in the Solutions Group reportable segment. Prior-year amounts were not material.
Additional financial information by reportable segment is shown below.
Three Months Ended
(In millions)March 29, 2025March 30, 2024
Intersegment sales
Materials Group$43.9 $47.0 
Solutions Group13.2 10.9 
Intersegment sales$57.1 $57.9 
Capital expenditures(1)(2)
Materials Group$13.6 $20.5 
Solutions Group17.4 21.0 
Capital expenditures
$31.0 $41.5 
Depreciation and amortization expense(1)
Materials Group$31.5 $32.8 
Solutions Group46.4 44.5 
Depreciation and amortization expense$77.9 $77.3 
(1)Corporate capital expenditures and depreciation and amortization expense are allocated to our 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:
Three Months Ended
(In millions)March 29, 2025March 30, 2024
Other expense (income), net, by type
Restructuring charges, net of reversals:
Severance and related costs, net of reversals
$4.7 $4.9 
Asset impairment and lease cancellation charges
.2 1.1 
Other items:
(Gain) loss on venture investments and other14.3 2.2 
Losses from Argentine peso remeasurement and Blue Chip Swap transactions
.7 11.3 
Outcomes of legal matters and settlements, net— (6.9)
Other expense (income), net$19.9 $12.6 
Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated Segment results and reconciliation to income before taxes are presented below.
Three Months Ended
(In millions)March 29, 2025March 30, 2024
Materials Group
Net sales to unaffiliated customers
$1,480.1 $1,496.5 
Segment expense(1)
1,249.8 1,256.0 
Segment adjusted operating income$230.3 $240.5 
Solutions Group
Net sales to unaffiliated customers
$668.2 $654.8 
Segment expense(1)
600.0593.9 
Segment adjusted operating income$68.2 $60.9 
(1)Segment expense included cost of products sold and marketing, general and administrative expense and excluded other expense (income), net, and other items.
Three Months Ended
(In millions)
March 29, 2025March 30, 2024
Segment adjusted operating income
Materials Group$230.3 $240.5 
Solutions Group68.2 60.9 
Total
298.5 301.4 
Corporate expense(24.0)(27.7)
Other expense (income), net and other items
(19.9)(19.3)
Interest expense(30.9)(28.6)
Other non-operating expense (income), net3.3 8.6 
Income before taxes$227.0 $234.4