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It appears that final resolution of some of the sites is years away, and actual costs to be incurred for these environmental matters in future periods is likely to vary from current estimates because of the inherent uncertainties in evaluating environmental exposures.
−Removed: Accordingly, the ultimate cost to the Company with respect to such sites, beyond what has been accrued at March 30, 2025, cannot be determined.
−Removed: As of March 30, 2025 and December 31, 2024, the Company had accrued $6.9 million and $7.0 million, respectively, related to environmental contingencies.
−Removed: Of the total amounts accrued, $5.1 million as of both March 30, 2025 and December 31, 2024, is attributable to environmental contingencies at a site in Spartanburg, South Carolina that is part of the Company’s Thermoformed and Flexibles Packaging business and part of the sale of TFP to Toppan completed on April 1, 2025, subsequent to the end of the first quarter.
+Added: Accordingly, the ultimate cost to the Company with respect to such sites, beyond what has been accrued at June 29, 2025, cannot be determined.
+Added: As of June 29, 2025 and December 31, 2024, the Company had accrued $1.8 million and $7.0 million, respectively, related to environmental contingencies.
+Added: Of the total amount accrued as of December 31, 2024, $5.1 million was attributable to environmental contingencies at a site in Spartanburg, South Carolina, that was part of the Company’s Thermoformed and Flexibles Packaging business and part of the sale of TFP to Toppan completed on April 1, 2025.
The Company periodically reevaluates the assumptions used in determining the appropriate reserves for environmental matters as additional information becomes available and, when warranted, makes appropriate adjustments.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.