0000008818-26-000109 | 10-Q | XBRL Viewer

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Supplemental Equity and Comprehensive Income Information - Schedule of Changes in "Accumulated Other Comprehensive Loss" (Net of Tax) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 29, 2025
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 2,242.1
Other comprehensive income (loss) before reclassifications, net of tax	17.0	$ 5.7
Reclassifications to net income, net of tax	(0.3)	1.2
Other comprehensive income (loss), net of tax	16.7	6.9
Ending balance	2,300.5
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(409.7)	(456.1)
Other comprehensive income (loss), net of tax	16.7	6.9
Ending balance	(393.0)	(449.2)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(359.0)	(375.5)
Other comprehensive income (loss) before reclassifications, net of tax	11.3	2.9
Reclassifications to net income, net of tax	0.0	0.0
Other comprehensive income (loss), net of tax	11.3	2.9
Ending balance	(347.7)	(372.6)
Pension and Other Postretirement Benefits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(49.2)	(78.0)
Other comprehensive income (loss) before reclassifications, net of tax	0.0	0.0
Reclassifications to net income, net of tax	0.0	0.6
Other comprehensive income (loss), net of tax	0.0	0.6
Ending balance	(49.2)	(77.4)
Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	0.1	(4.6)
Other comprehensive income (loss) before reclassifications, net of tax	3.4	4.3
Reclassifications to net income, net of tax	(0.3)	0.6
Other comprehensive income (loss), net of tax	3.1	4.9
Ending balance	3.2	0.3
Fair Value Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1.6)	2.0
Other comprehensive income (loss) before reclassifications, net of tax	2.3	(1.5)
Reclassifications to net income, net of tax	0.0	0.0
Other comprehensive income (loss), net of tax	2.3	(1.5)
Ending balance	$ 0.7	$ 0.5

Debt	3 Months Ended
Debt	Mar. 31, 2026
Debt Disclosure [Abstract]
Debt	Debt The estimated fair value of our long-term debt is primarily based on the credit spread above U.S. Treasury securities or euro government bond securities, as applicable, on notes with similar rates, credit ratings and remaining maturities. The fair value of short-term borrowings, which include commercial paper issuances and short-term lines of credit, approximates their carrying value given the short duration of these obligations. The fair value of our total debt was $3.68 billion at March 31, 2026 and $3.67 billion at December 31, 2025. Fair value was determined based primarily on Level 2 inputs, which are inputs other than quoted prices in active markets that are either directly or indirectly observable. Our $1.20 billion revolving credit facility (the “Revolver”) contains a financial covenant requiring that we maintain a specified ratio of total debt minus unrestricted cash and cash equivalents in excess of $50 million to a certain measure of income. As of both March 31, 2026 and December 31, 2025, we were in compliance with this financial covenant. No balance was outstanding under the Revolver as of March 31, 2026 or December 31, 2025.

Goodwill and Other Intangibles Resulting from Business Acquisitions

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangibles Resulting from Business Acquisitions

Changes in the net carrying amount of goodwill for the three months ended March 31, 2026 by reportable segment are shown below.


(In millions)	Materials Group		Solutions Group		Total
Goodwill as of December 31, 2025	$	886.0	$	1,386.5	$	2,272.5

Acquisition adjustments(1)	.2		—		.2
Translation adjustments	(5.3)		(4.4)		(9.7)
Goodwill as of March 31, 2026	$	880.9	$	1,382.1	$	2,263.0

(1) Measurement period adjustments related to the purchase price allocation for our 2025 acquisition of W.F. Taylor Holdings, Inc.

Amortization expense for finite-lived intangible assets resulting from business acquisitions was $25.8 million and $22.1 million for the three months ended March 31, 2026 and March 29, 2025, respectively.

Estimated future amortization expense related to existing finite-lived intangible assets for the remainder of fiscal year 2026 and for each of the next four fiscal years and thereafter is shown below.


(In millions)	Estimated Amortization Expense
2026 (remainder of year)	$	76.2
2027	101.6
2028	93.6
2029	78.4
2030	76.4
Thereafter	200.5

Fair Value Measurements - Schedule of Assets and Liabilities Carried at Fair Value, Measured on a Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Assets
Investments	$ 48.7	$ 49.1
Derivative assets	$ 30.4	7.2
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Assets
Bank drafts	$ 5.6	7.5
Liabilities
Derivative liabilities	$ 40.9	18.0
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities and Equity
Contingent consideration liabilities	$ 2.7	2.7
Quoted Prices in Active Markets (Level 1)
Assets
Investments	24.1	24.1
Derivative assets	0.7	0.0
Bank drafts	5.6	7.5
Liabilities
Derivative liabilities	0.2	0.3
Contingent consideration liabilities	0.0	0.0
Significant Other Observable Inputs (Level 2)
Assets
Investments	24.6	25.0
Derivative assets	29.7	7.2
Bank drafts	0.0	0.0
Liabilities
Derivative liabilities	40.7	17.7
Contingent consideration liabilities	0.0	0.0
Significant Other Unobservable Inputs (Level 3)
Assets
Investments	0.0	0.0
Derivative assets	0.0	0.0
Bank drafts	0.0	0.0
Liabilities
Derivative liabilities	0.0	0.0
Contingent consideration liabilities	$ 2.7	$ 2.7

Supplemental Equity and Comprehensive Income Information

3 Months Ended

Mar. 31, 2026

Stockholders' Equity Note [Abstract]

Supplemental Equity and Comprehensive Income Information

Consolidated Changes in Shareholders’ Equity


	Three Months Ended
(In millions)		March 31, 2026		March 29, 2025
Common stock issued, $1 par value per share		$	124.1	$	124.1
Capital in excess of par value
Beginning balance		$	834.3	$	840.6
Issuance of shares under stock-based compensation plans(1)		(16.7)		(22.9)
Ending balance		$	817.6	$	817.7
Retained earnings
Beginning balance		$	5,597.5	$	5,151.2
Cumulative-effect adjustment upon adoption of accounting standard update(2)		—		10.2
Net income		168.1		166.3
Issuance of shares under stock-based compensation plans(1)		9.1		11.2
Contribution of shares to 401(k) plan(1)		7.0		7.0
Dividends		(72.3)		(69.4)
Ending balance		$	5,709.4	$	5,276.5
Treasury stock at cost
Beginning balance		$	(3,904.1)	$	(3,347.5)
Repurchase of shares for treasury		(60.9)		(261.6)
Issuance of shares under stock-based compensation plans(1)		4.2		7.7
Contribution of shares to 401(k) plan(1)		3.2		2.8
Ending balance		$	(3,957.6)	$	(3,598.6)
Accumulated other comprehensive loss
Beginning balance		$	(409.7)	$	(456.1)
Other comprehensive income (loss), net of tax		16.7		6.9
Ending balance		$	(393.0)	$	(449.2)

(1) We fund a portion of our employee-related costs using shares of our common stock held in treasury. We reduce capital in excess of par value based on the grant date fair value of vesting awards and record net gains or losses associated with using treasury shares to retained earnings.

(2) In the first quarter of 2025, we adopted accounting guidance that requires crypto assets to be measured at fair value, which resulted in an adjustment to reflect the difference between the carrying value of our holdings in crypto assets and their fair value as of the beginning of 2025. Crypto assets were not material to the unaudited Condensed Consolidated Financial Statements.

Dividends per common share were as follows:


	Three Months Ended
		March 31, 2026		March 29, 2025
Dividends per common share		$	.94	$	.88

Changes in Accumulated Other Comprehensive Loss

The changes in “Accumulated other comprehensive loss” (net of tax) for the three-month period ended March 31, 2026 were as follows:


(In millions)	Foreign Currency Translation(1)		Pension and Other Postretirement Benefits		Cash Flow Hedges		Fair Value Hedges		Total
Balance as of December 31, 2025	$	(359.0)	$	(49.2)	$	.1	$	(1.6)	$	(409.7)
Other comprehensive income (loss) before reclassifications, net of tax	11.3		—		3.4		2.3		17.0
Reclassifications to net income, net of tax	—		—		(.3)		—		(.3)
Other comprehensive income (loss), net of tax	11.3		—		3.1		2.3		16.7
Balance as of March 31, 2026	$	(347.7)	$	(49.2)	$	3.2	$	.7	$	(393.0)

(1) Included the impact of our derivative financial instruments, accounted for as net investment hedges. Refer to Note 5, “Financial Instruments,” to the unaudited Condensed Consolidated Financial Statements for more information.

The changes in “Accumulated other comprehensive loss” (net of tax) for the three-month period ended March 29, 2025 were as follows:


(In millions)	Foreign Currency Translation(1)		Pension and Other Postretirement Benefits		Cash Flow Hedges		Fair Value Hedges		Total
Balance as of December 28, 2024	$	(375.5)	$	(78.0)	$	(4.6)	$	2.0	$	(456.1)
Other comprehensive income (loss) before reclassifications, net of tax	2.9		—		4.3		(1.5)		5.7
Reclassifications to net income, net of tax	—		.6		.6		—		1.2
Other comprehensive income (loss), net of tax	2.9		.6		4.9		(1.5)		6.9
Balance as of March 29, 2025	$	(372.6)	$	(77.4)	$	.3	$	.5	$	(449.2)

Net Income Per Common Share - Schedule of Net Income Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 29, 2025
Net Income Per Common Share
Net income	$ 168.1	$ 166.3
Weighted average number of common shares outstanding (in shares)	76.8	79.2
Dilutive shares (additional common shares issuable under stock-based awards) (in shares)	0.2	0.2
Weighted average number of common shares outstanding, assuming dilution (in shares)	77.0	79.4
Net income per common share (in dollars per share)	$ 2.19	$ 2.10
Net income per common share, assuming dilution (in dollars per share)	$ 2.18	$ 2.09

Debt (Details) - USD ($)	Mar. 31, 2026	Dec. 31, 2025
Debt Instrument [Line Items]
Fair value of debt	$ 3,680,000,000	$ 3,670,000,000
Financial covenant unrestricted cash and cash equivalents over debt	50,000,000
Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	1,200,000,000
Amount outstanding	$ 0	$ 0

Financial Instruments - Schedule of Balance Sheet Locations of Other Derivatives, Fair Value (Details) - Designated as Hedging Instrument - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Other Current Assets
Other Derivatives, Fair Value [Line Items]
Derivative assets	$ 19.4	$ 0.0
Other Non-Current Assets
Other Derivatives, Fair Value [Line Items]
Derivative assets	1.7	2.6
Other Current Liabilities
Other Derivatives, Fair Value [Line Items]
Derivative liabilities	33.8	0.0
Other Non-Current Liabilities
Other Derivatives, Fair Value [Line Items]
Derivative liabilities	2.0	14.4
Foreign currency forward contracts
Other Derivatives, Fair Value [Line Items]
Notional amount	1,147.3	1,173.8
Foreign currency forward contracts \| Other Current Assets
Other Derivatives, Fair Value [Line Items]
Derivative assets	0.0	0.0
Foreign currency forward contracts \| Other Non-Current Assets
Other Derivatives, Fair Value [Line Items]
Derivative assets	0.0	0.0
Foreign currency forward contracts \| Other Current Liabilities
Other Derivatives, Fair Value [Line Items]
Derivative liabilities	33.1	0.0
Foreign currency forward contracts \| Other Non-Current Liabilities
Other Derivatives, Fair Value [Line Items]
Derivative liabilities	0.0	4.5
Cross-currency swap contracts
Other Derivatives, Fair Value [Line Items]
Notional amount	250.0	250.0
Cross-currency swap contracts \| Other Current Assets
Other Derivatives, Fair Value [Line Items]
Derivative assets	0.0	0.0
Cross-currency swap contracts \| Other Non-Current Assets
Other Derivatives, Fair Value [Line Items]
Derivative assets	0.0	0.0
Cross-currency swap contracts \| Other Current Liabilities
Other Derivatives, Fair Value [Line Items]
Derivative liabilities	0.0	0.0
Cross-currency swap contracts \| Other Non-Current Liabilities
Other Derivatives, Fair Value [Line Items]
Derivative liabilities	0.7	9.9
Foreign currency forward contracts with collars
Other Derivatives, Fair Value [Line Items]
Notional amount	1,147.3	1,173.8
Foreign currency forward contracts with collars \| Other Current Assets
Other Derivatives, Fair Value [Line Items]
Derivative assets	19.4	0.0
Foreign currency forward contracts with collars \| Other Non-Current Assets
Other Derivatives, Fair Value [Line Items]
Derivative assets	0.0	2.6
Foreign currency forward contracts with collars \| Other Current Liabilities
Other Derivatives, Fair Value [Line Items]
Derivative liabilities	0.0	0.0
Foreign currency forward contracts with collars \| Other Non-Current Liabilities
Other Derivatives, Fair Value [Line Items]
Derivative liabilities	0.0	$ 0.0
Cross-currency swap contracts with collars
Other Derivatives, Fair Value [Line Items]
Notional amount	77.8
Cross-currency swap contracts with collars \| Other Current Assets
Other Derivatives, Fair Value [Line Items]
Derivative assets	0.0
Cross-currency swap contracts with collars \| Other Non-Current Assets
Other Derivatives, Fair Value [Line Items]
Derivative assets	1.7
Cross-currency swap contracts with collars \| Other Current Liabilities
Other Derivatives, Fair Value [Line Items]
Derivative liabilities	0.7
Cross-currency swap contracts with collars \| Other Non-Current Liabilities
Other Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 1.3

Cost Reduction Actions - Schedule of Restructuring Charges and Payments (Details) $ in Millions	3 Months Ended
	Mar. 31, 2026 USD ($)
Cost Reduction Actions
Accrual at December 31, 2025	$ 14.4
Charges, Net of Reversals	15.8
Cash Payments	(14.3)
Non-cash Impairment	(0.7)
Foreign Currency Translation	(0.2)
Accrual at March 31, 2026	15.0
Restructuring 2026 Actions \| Severance and related costs
Cost Reduction Actions
Accrual at December 31, 2025	0.0
Charges, Net of Reversals	14.6
Cash Payments	(11.8)
Non-cash Impairment	0.0
Foreign Currency Translation	0.0
Accrual at March 31, 2026	2.8
Restructuring 2026 Actions \| Asset impairment
Cost Reduction Actions
Accrual at December 31, 2025	0.0
Charges, Net of Reversals	0.7
Cash Payments	0.0
Non-cash Impairment	(0.7)
Foreign Currency Translation	0.0
Accrual at March 31, 2026	0.0
Restructuring 2026 Actions \| Lease cancellation charges
Cost Reduction Actions
Accrual at December 31, 2025	0.0
Charges, Net of Reversals	0.6
Cash Payments	0.0
Non-cash Impairment	0.0
Foreign Currency Translation	0.0
Accrual at March 31, 2026	0.6
Restructuring 2025 Actions \| Severance and related costs
Cost Reduction Actions
Accrual at December 31, 2025	14.4
Charges, Net of Reversals	(0.1)
Cash Payments	(2.5)
Non-cash Impairment	0.0
Foreign Currency Translation	(0.2)
Accrual at March 31, 2026	$ 11.6

Cost Reduction Actions - Narrative (Details) $ in Millions	3 Months Ended
Cost Reduction Actions - Narrative (Details) $ in Millions	Mar. 31, 2026 USD ($) position	Mar. 29, 2025 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 15.8	$ 4.9
Restructuring 2026 Actions
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 15.9
Net number of positions reduced as a result of cost reduction actions \| position	370

Goodwill and Other Intangibles Resulting from Business Acquisitions - Schedule of Changes in Net Carrying Amount of Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2026 USD ($)
Changes in the net carrying amount of goodwill
Goodwill as of December 31, 2025	$ 2,272.5
Acquisition adjustments	0.2
Translation adjustments	(9.7)
Goodwill as of March 31, 2026	2,263.0
Materials Group
Changes in the net carrying amount of goodwill
Goodwill as of December 31, 2025	886.0
Acquisition adjustments	0.2
Translation adjustments	(5.3)
Goodwill as of March 31, 2026	880.9
Solutions Group
Changes in the net carrying amount of goodwill
Goodwill as of December 31, 2025	1,386.5
Acquisition adjustments	0.0
Translation adjustments	(4.4)
Goodwill as of March 31, 2026	$ 1,382.1

Financial Instruments - Schedule of Derivative Instruments, Gain (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 29, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Foreign currency forward contracts - Marketing, general and administrative expense	$ (26.5)	$ 19.9

Financial Instruments - Narrative (Details) € in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2026 USD ($) tranche	Mar. 29, 2025 USD ($)	Mar. 31, 2026 EUR (€) tranche	Dec. 31, 2025 USD ($)
Financial Instruments
Gain (loss) recognized in translation for the net investment hedges \| $	$ 11.0	$ (8.0)
Cross Currency Interest Rate Contract \| Cash Flow Hedging \| Designated as Hedging Instrument
Financial Instruments
Notional amount \| $	250.0
Foreign currency forward contracts \| Designated as Hedging Instrument
Financial Instruments
Notional amount \| $	$ 1,147.3			$ 1,173.8
Foreign currency forward contracts \| Net Investment Hedging \| Designated as Hedging Instrument
Financial Instruments
Notional amount			€ 1,000
Number of tranches \| tranche	2		2
Foreign Exchange Forward, Maturity Date December 2025 \| Net Investment Hedging \| Designated as Hedging Instrument
Financial Instruments
Notional amount			€ 500
Foreign Exchange Forward, Maturity Date September 2026 \| Net Investment Hedging \| Designated as Hedging Instrument
Financial Instruments
Notional amount			500
Senior Notes Due 2035
Financial Instruments
Face amount			500
Senior Notes Due 2034
Financial Instruments
Face amount			€ 500

Commitments and Contingencies - Narrative (Details) $ in Millions	Mar. 31, 2026 USD ($) site	Dec. 31, 2025 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Environmental site contingency number of sites \| site	10
Short term environmental liabilities \| $	$ 2	$ 2
Environmental Loss Contingency, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities

Net Income Per Common Share - Narrative (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 29, 2025
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	0.1	0.1

Supplemental Financial Information - Schedule of Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 29, 2025
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 28.1	$ 29.0
Provision for credit losses	1.6	0.0
Amounts written off	(2.3)	(0.6)
Other, including foreign currency translation	(0.3)	0.5
Ending balance	$ 27.1	$ 28.9

Segment and Disaggregated Revenue Information - Schedule of Segment Results and Segment Expenses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 29, 2025
SEGMENT AND DISAGGREGATED REVENUE INFORMATION
Net sales to unaffiliated customers	$ 2,298.5	$ 2,148.3
Operating segments
SEGMENT AND DISAGGREGATED REVENUE INFORMATION
Segment adjusted operating income	312.7	298.5
Materials Group \| Operating segments
SEGMENT AND DISAGGREGATED REVENUE INFORMATION
Net sales to unaffiliated customers	1,649.3	1,480.1
Segment expense	1,395.1	1,249.8
Segment adjusted operating income	254.2	230.3
Solutions Group \| Operating segments
SEGMENT AND DISAGGREGATED REVENUE INFORMATION
Net sales to unaffiliated customers	649.2	668.2
Segment expense	590.7	600.0
Segment adjusted operating income	$ 58.5	$ 68.2

Supplemental Financial Information - Schedule of Net Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Inventories
Raw materials	$ 414.2	$ 387.6
Work-in-progress	227.6	242.5
Finished goods	347.6	345.7
Inventories	$ 989.4	$ 975.8

Segment and Disaggregated Revenue Information - Narrative (Details)	3 Months Ended
	Mar. 31, 2026
Segment Reporting [Abstract]
Number of reportable segments not disclosed flag

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2026	May 02, 2026
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2026
Document Transition Report	false
Entity File Number	1-7685
Entity Registrant Name	AVERY DENNISON CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-1492269
Entity Address, Address Line One	8080 Norton Parkway
Entity Address, City or Town	Mentor
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44060
City Area Code	440
Local Phone Number	534-6000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		76,490,385
Entity Central Index Key	0000008818
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common stock, $1 par value
Document Information [Line Items]
Title of 12(b) Security	Common stock, $1 par value
Trading Symbol	AVY
Security Exchange Name	NYSE
3.750% Senior Notes due 2034
Document Information [Line Items]
Title of 12(b) Security	3.750% Senior Notes due 2034
Trading Symbol	AVY34
Security Exchange Name	NASDAQ
4.000% Senior Notes due 2035
Document Information [Line Items]
Title of 12(b) Security	4.000% Senior Notes due 2035
Trading Symbol	AVY35
Security Exchange Name	NASDAQ

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2026
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn April 27, 2026, we completed approximately $75 million of minority investment in Wiliot Ltd., a leader in physical artificial intelligence for supply chains. We expect this investment to expand our portfolio of sensor technologies and solutions. We funded this investment using a combination of cash and commercial paper borrowings.

Commitments and Contingencies - Schedule of Activity Related to Environmental Liabilities (Details) $ in Millions	3 Months Ended
	Mar. 31, 2026 USD ($)
Environmental Liabilities Associated with Remediation [Roll Forward]
Balance at December 31, 2025	$ 10.0
Charges, net of reversals	0.1
Payments	(0.5)
Balance at March 31, 2026	$ 9.6

Taxes Based on Income (Details) - USD ($) $ in Millions	3 Months Ended
Taxes Based on Income (Details) - USD ($) $ in Millions	Mar. 31, 2026	Mar. 29, 2025
Income Tax Disclosure [Abstract]
Income before taxes	$ 240.4	$ 227.0
Provision for income taxes	$ 72.3	$ 60.7
Effective tax rate	30.10%	26.70%

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2026
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Segment and Disaggregated Revenue Information - Schedule of Net Sales to Unaffiliated Customers (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 29, 2025
Net sales to unaffiliated customers
Net sales to unaffiliated customers	$ 2,298.5	$ 2,148.3
Materials Group \| Operating segments
Net sales to unaffiliated customers
Net sales to unaffiliated customers	1,649.3	1,480.1
Solutions Group \| Operating segments
Net sales to unaffiliated customers
Net sales to unaffiliated customers	649.2	668.2
Solutions Group \| Apparel and other \| Operating segments
Net sales to unaffiliated customers
Net sales to unaffiliated customers	438.0	454.8
Solutions Group \| Identification Solutions and Vestcom \| Operating segments
Net sales to unaffiliated customers
Net sales to unaffiliated customers	211.2	213.4
North America \| Materials Group \| Operating segments
Net sales to unaffiliated customers
Net sales to unaffiliated customers	529.8	490.2
Europe, the Middle East and North Africa \| Materials Group \| Operating segments
Net sales to unaffiliated customers
Net sales to unaffiliated customers	590.0	517.6
Asia Pacific \| Materials Group \| Operating segments
Net sales to unaffiliated customers
Net sales to unaffiliated customers	408.9	358.5
Latin America \| Materials Group \| Operating segments
Net sales to unaffiliated customers
Net sales to unaffiliated customers	$ 120.6	$ 113.8

Segment and Disaggregated Revenue Information - Schedule of Reconciliation to Income Before Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 29, 2025
Revenue from External Customer [Line Items]
Other expense (income), net	$ (17.8)	$ (19.9)
Interest expense	(35.6)	(30.9)
Other non-operating expense (income), net	4.1	3.3
Income before taxes	240.4	227.0
Operating segments
Revenue from External Customer [Line Items]
Segment adjusted operating income	312.7	298.5
Corporate And Reconciling Items
Revenue from External Customer [Line Items]
Corporate expense(1)	(23.0)	(24.0)
Other expense (income), net	(17.8)	(19.9)
Interest expense	(35.6)	(30.9)
Other non-operating expense (income), net	4.1	3.3
Materials Group \| Operating segments
Revenue from External Customer [Line Items]
Segment adjusted operating income	254.2	230.3
Solutions Group \| Operating segments
Revenue from External Customer [Line Items]
Segment adjusted operating income	$ 58.5	$ 68.2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 255.1	$ 202.8
Trade accounts receivable, less allowances of $27.1 and $28.1 at March 31, 2026 and December 31, 2025, respectively	1,647.1	1,503.9
Inventories	989.4	975.8
Other current assets	327.9	307.8
Total current assets	3,219.5	2,990.3
Property, plant and equipment, net	1,573.5	1,607.7
Goodwill	2,263.0	2,272.5
Other intangibles resulting from business acquisitions, net	801.2	827.5
Deferred tax assets	142.4	125.3
Other assets	979.0	978.4
Total assets	8,978.6	8,801.7
Current liabilities:
Short-term borrowings and current portion of long-term debt and finance leases	605.0	522.9
Accounts payable	1,329.5	1,261.7
Accrued payroll and employee benefits	200.2	232.7
Other current liabilities	665.0	636.3
Total current liabilities	2,799.7	2,653.6
Long-term debt and finance leases	3,185.1	3,210.0
Long-term retirement benefits and other liabilities	411.4	432.0
Deferred tax liabilities and income taxes payable	281.9	264.0
Commitments and contingencies (see Note 10)
Shareholders’ equity:
Common stock, $1 par value per share, authorized – 400,000,000 shares at March 31, 2026 and December 31, 2025; issued – 124,126,624 shares at March 31, 2026 and December 31, 2025; outstanding – 76,661,900 and 76,877,487 shares at March 31, 2026 and December 31, 2025, respectively	124.1	124.1
Capital in excess of par value	817.6	834.3
Retained earnings	5,709.4	5,597.5
Treasury stock at cost, 47,464,724 shares and 47,249,137 shares at March 31, 2026 and December 31, 2025, respectively	(3,957.6)	(3,904.1)
Accumulated other comprehensive loss	(393.0)	(409.7)
Total shareholders’ equity	2,300.5	2,242.1
Total liabilities and shareholders’ equity	$ 8,978.6	$ 8,801.7

Supplemental Financial Information - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Supplemental Financial Information
Property, plant and equipment	$ 4,261.9	$ 4,271.9
Accumulated depreciation	(2,688.4)	(2,664.2)
Property, plant and equipment, net	$ 1,573.5	$ 1,607.7

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 29, 2025
Income Statement [Abstract]
Net sales	$ 2,298.5	$ 2,148.3
Cost of products sold	1,633.7	1,526.8
Gross profit	664.8	621.5
Marketing, general and administrative expense	375.1	347.0
Other expense (income), net	17.8	19.9
Interest expense	35.6	30.9
Other non-operating expense (income), net	(4.1)	(3.3)
Income before taxes	240.4	227.0
Provision for income taxes	72.3	60.7
Net income	$ 168.1	$ 166.3
Per share amounts:
Net income per common share (in dollars per share)	$ 2.19	$ 2.10
Net income per common share, assuming dilution (in dollars per share)	$ 2.18	$ 2.09
Weighted average number of shares outstanding:
Common shares (in shares)	76.8	79.2
Common shares, assuming dilution (in shares)	77.0	79.4

Subsequent Events (Details) - USD ($) $ in Millions	Apr. 27, 2026	Mar. 31, 2026	Dec. 31, 2025
Subsequent Event [Line Items]
Minority investment		$ 57	$ 58
Subsequent Event
Subsequent Event [Line Items]
Minority investment	$ 75

Goodwill and Other Intangibles Resulting from Business Acquisitions - Schedule of Estimated Amortization Expense for Finite-Lived Intangible Assets (Details) $ in Millions	Mar. 31, 2026 USD ($)
Estimated Amortization Expense
2026 (remainder of year)	$ 76.2
2027	101.6
2028	93.6
2029	78.4
2030	76.4
Thereafter	$ 200.5

Supplemental Financial Information - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Supplemental Financial Information
Supplier finance program, obligation, current	$ 375.5	$ 383.8
Supplier Finance Program, Obligation, Current, Statement of Financial Position [Extensible Enumeration]	Accounts payable	Accounts payable

General	3 Months Ended
General	Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General The unaudited Condensed Consolidated Financial Statements and related notes in this Quarterly Report on Form 10-Q are presented as permitted by Article 10 of Regulation S-X and do not contain certain information included in the audited Consolidated Financial Statements and related notes in our 2025 Annual Report on Form 10-K, which should be read in conjunction with this report. These unaudited Condensed Consolidated Financial Statements contain all adjustments of a normal and recurring nature necessary for a fair statement of our interim results. Interim results of operations are not necessarily indicative of the results expected for the full fiscal year or any future period. These unaudited Condensed Consolidated Financial Statements reflect our current estimates and assumptions affecting (i) our reported amounts of assets and liabilities and related disclosures as of the date of the financial statements and (ii) our reported amounts of sales and expenses during the reporting periods presented. Fiscal Periods The three months ended March 31, 2026 and March 29, 2025 consisted of 90 and 91 days, respectively. Our 2026 fiscal year is coincident with the calendar year, beginning on January 1 and ending on December 31; our 2025 fiscal year began on December 29, 2024 and ended on December 31, 2025.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 29, 2025
Operating Activities
Net income	$ 168.1	$ 166.3
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	53.3	48.8
Amortization	33.5	29.1
Provision for credit losses and sales returns	11.6	11.9
Stock-based compensation	5.8	7.9
Deferred taxes and other non-cash taxes	(21.1)	(14.8)
Other non-cash expense and loss (income and gain), net	14.2	20.5
Changes in assets and liabilities and other adjustments	(128.9)	(286.0)
Net cash provided by (used in) operating activities	136.5	(16.3)
Investing Activities
Purchases of property, plant and equipment	(28.3)	(36.0)
Purchases of software and other deferred charges	(7.7)	(7.6)
Proceeds from sales of property, plant and equipment	0.7	0.0
Proceeds from insurance and sales (purchases) of investments, net	3.2	6.8
Proceeds from settlement of net investment hedges	0.0	6.2
Payments for acquisitions, net of cash acquired, and venture investments	(0.5)	(2.6)
Net cash used in investing activities	(32.6)	(33.2)
Financing Activities
Net increase (decrease) in borrowings with maturities of three months or less	93.2	796.5
Repayments of long-term debt and finance leases	(1.7)	(525.0)
Dividends paid	(72.3)	(69.4)
Share repurchases	(60.6)	(261.6)
Net (tax withholding) proceeds related to stock-based compensation	(9.2)	(11.9)
Payments for settlement of fair value hedges	0.0	(13.5)
Net cash used in financing activities	(50.6)	(84.9)
Effect of foreign currency translation on cash balances	(1.0)	1.2
Increase (decrease) in cash and cash equivalents	52.3	(133.2)
Cash and cash equivalents, beginning of year	202.8	329.1
Cash and cash equivalents, end of period	$ 255.1	$ 195.9

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Statement of Financial Position [Abstract]
Trade accounts receivable, allowances	$ 27.1	$ 28.1
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized (in shares)	400,000,000	400,000,000
Common stock, issued (in shares)	124,126,624	124,126,624
Common stock, outstanding (in shares)	76,661,900	76,877,487
Treasury stock (in shares)	47,464,724	47,249,137