← Filings of AVY
Tables in the 10-Q of Avery Dennison Corp
54 tables with numbers, filed Aug 4, 2026. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
Table 1 after “Securities registered pursuant to Section 12(b) of the Act:”
Download CSV
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common stock, $1 par value | AVY | New York Stock Exchange |
| 3.750% Senior Notes due 2034 | AVY34 | Nasdaq Stock Market |
| 4.000% Senior Notes due 2035 | AVY35 | Nasdaq Stock Market |
| | Page |
| SAFE HARBOR STATEMENT | 1 | |
| PART I. FINANCIAL INFORMATION (UNAUDITED) | | |
| Item 1. | Financial Statements: | |
| Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025 | 2 |
| Condensed Consolidated Statements of Income for the Three and Six Months Ended June 30, 2026 and June 28, 2025 | 3 |
| Condensed Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 30, 2026 and June 28, 2025 | 4 |
| Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2026 and June 28, 2025 | 5 |
First 8 of 29 rows. The CSV has all of them.
| (Dollars in millions, except per share amount) | June 30, 2026 | December 31, 2025 | |
| Assets | | | |
| Current assets: | | | |
| Cash and cash equivalents | $227.3 | | $202.8 |
| Trade accounts receivable, less allowances of $29.2 and $28.1 at June 30, 2026 and December 31, 2025, respectively | 1,793.5 | | 1,503.9 |
| Inventories | 1,031.7 | | 975.8 |
| Other current assets | 348.0 | | 307.8 |
| Total current assets | 3,400.5 | | 2,990.3 |
First 8 of 33 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| (In millions, except per share amounts) | June 30, 2026 | June 28, 2025 | | June 30, 2026 | June 28, 2025 | |
| Net sales | $2,462.9 | | $2,220.5 | | $4,761.4 | $4,368.8 |
| Cost of products sold | 1,733.5 | | 1,581.4 | | 3,367.2 | 3,108.2 |
| Gross profit | 729.4 | | 639.1 | | 1,394.2 | 1,260.6 |
| Marketing, general and administrative expense | 394.8 | | 352.4 | | 769.9 | 699.4 |
| Other expense (income), net | 21.1 | | .5 | | 38.9 | 20.4 |
| Interest expense | 35.9 | | 34.0 | | 71.5 | 64.9 |
First 8 of 18 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| (In millions) | June 30, 2026 | June 28, 2025 | | June 30, 2026 | June 28, 2025 | |
| Net income | $204.1 | | $189.0 | | $372.2 | $355.3 |
| Other comprehensive income (loss), net of tax: | | | | | | |
| Foreign currency translation | 18.7 | | (.5) | | 30.0 | 2.4 |
| Pension and other postretirement benefits | — | | .5 | | — | 1.1 |
| Cash flow hedges | (5.7) | | (1.2) | | (2.6) | 3.7 |
| Fair value hedges | .5 | | .4 | | 2.8 | (1.1) |
First 8 of 10 rows. The CSV has all of them.
| Six Months Ended | | |
| (In millions) | June 30, 2026 | June 28, 2025 | |
| Operating Activities | | | |
| Net income | $372.2 | | $355.3 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | |
| Depreciation | 106.4 | | 100.3 |
| Amortization | 66.8 | | 58.4 |
| Provision for credit losses and sales returns | 27.2 | | 25.3 |
First 8 of 34 rows. The CSV has all of them.
Table 7 after “Changes in the net carrying amount of goodwill for the six months ended June 30, 2026 by reportable segment are shown below.”
Download CSV
| (In millions) | Materials Group | Solutions Group | | Total | |
| Goodwill as of December 31, 2025 | $886.0 | | $1,386.5 | | $2,272.5 |
| Acquisition adjustments(1) | .4 | | — | | .4 |
| Translation adjustments | (5.2) | | (5.7) | | (10.9) |
| Goodwill as of June 30, 2026 | $881.2 | | $1,380.8 | | $2,262.0 |
Table 8 after “Estimated future amortization expense related to existing finite-lived intangible assets for the remainder of fiscal year 2026 and for each ”
Download CSV
| (In millions) | Estimated Amortization Expense |
| 2026 (remainder of year) | $50.9 |
| 2027 | 101.7 |
| 2028 | 93.7 |
| 2029 | 78.5 |
| 2030 | 76.5 |
| Thereafter | 200.5 |
Table 9 after “During the six months ended June 30, 2026, restructuring charges and payments were as follows:”
Download CSV
| (In millions) | Accrual atDecember 31, 2025 | Charges,Net ofReversals | | CashPayments | Non-cashImpairment | ForeignCurrencyTranslation | | Accrual atJune 30, 2026 | | |
| 2026 Actions | | | | | | | | | | |
| Severance and related costs | $— | | $31.0 | | $(20.1) | | $— | | $(.1) | $10.8 |
| Asset impairment charges | — | | 3.1 | | — | | (3.1) | | — | — |
| Lease cancellation charges | — | | .6 | | (.3) | | — | | — | .3 |
| 2025 Actions | | | | | | | | | | |
| Severance and related costs | 14.4 | | (.3) | | (5.6) | | — | | (.2) | 8.3 |
| Total | $14.4 | | $34.4 | | $(26.0) | | $(3.1) | | $(.3) | $19.4 |
Table 10 after “The table below shows the amount of restructuring charges, net of reversals, incurred by reportable segment and Corporate.”
Download CSV
| Three Months Ended | Six Months Ended | | | | |
| (In millions) | June 30, 2026 | June 28, 2025 | | June 30, 2026 | June 28, 2025 | |
| Restructuring charges, net of reversals, by reportable segment and Corporate | | | | | | |
| Materials Group | $2.8 | | $2.5 | | $9.4 | $5.0 |
| Solutions Group | 15.8 | | 5.2 | | 24.8 | 7.2 |
| Corporate | — | | .3 | | .2 | .7 |
| Total | $18.6 | | $8.0 | | $34.4 | $12.9 |
Table 11 after “The following table shows the fair value and balance sheet locations of our derivative instruments as of June 30, 2026 and December 31, 2025”
Download CSV
| (In millions) | Notional Amount | Other Current Assets | | Other Non-Current Assets | | Other Current Liabilities | Other Non-Current Liabilities | | Type of Hedge | | | |
| June 30, 2026 | | | | | | | | | | | | |
| Derivatives designated as hedges: | | | | | | | | | | | | |
| Foreign currency forward contracts | $1,139.9 | | $— | | | $— | | $44.9 | | | $— | Fair value |
| Cross-currency swap contracts | 250.0 | | — | | | — | | — | | | 7.0 | Cash flow |
| Foreign currency forward contracts | 23.6 | | 1.0 | | | — | | — | | | — | Cash flow |
| Commodity contracts | 3.6 | | .1 | | | — | | .5 | | | — | Cash flow |
| Foreign currency forward contracts with collars | 1,139.9 | | 34.5 | | | — | | — | | | — | Net investment |
First 8 of 17 rows. The CSV has all of them.
Table 12 after “The following table shows the components of net gain (loss) recognized in income related to derivative instruments:”
Download CSV
| Three Months Ended | Six Months Ended | | | | |
| (In millions) | June 30, 2026 | June 28, 2025 | | June 30, 2026 | June 28, 2025 | |
| Gain (loss) on derivatives designated as fair value hedges: | | | | | | |
| Foreign currency forward contracts - Marketing, general and administrative expense | $(7.5) | | $46.4 | | $(34.0) | $66.3 |
Table 13 after “The following table summarizes our income before taxes, provision for income taxes, and effective tax rate:”
Download CSV
| Three Months Ended | Six Months Ended | | | | |
| (Dollars in millions) | June 30, 2026 | June 28, 2025 | | June 30, 2026 | June 28, 2025 | |
| Income before taxes | $282.7 | | $255.5 | | $523.1 | $482.5 |
| Provision for income taxes | 78.6 | | 66.5 | | 150.9 | 127.2 |
| Effective tax rate | 27.8% | | 26.0% | | 28.8% | 26.4% |
Table 14 after “Net income per common share was computed as follows:”
Download CSV
| Three Months Ended | Six Months Ended | | | | |
| (In millions, except per share amounts) | June 30, 2026 | June 28, 2025 | | June 30, 2026 | June 28, 2025 | |
| (A)Net income | $204.1 | | $189.0 | | $372.2 | $355.3 |
| (B)Weighted average number of common shares outstanding | 76.3 | | 78.2 | | 76.5 | 78.7 |
| Dilutive shares (additional common shares issuable under stock-based awards) | .1 | | .1 | | .2 | .2 |
| (C) Weighted average number of common shares outstanding, assuming dilution | 76.4 | | 78.3 | | 76.7 | 78.9 |
| Net income per common share: (A) ÷ (B) | $2.67 | | $2.42 | | $4.87 | $4.51 |
| Net income per common share, assuming dilution: (A) ÷ (C) | $2.67 | | $2.41 | | $4.85 | $4.50 |
Table 15 after “Consolidated Changes in Shareholders’ Equity”
Download CSV
| Three Months Ended | Six Months Ended | | | | |
| (In millions) | June 30, 2026 | June 28, 2025 | | June 30, 2026 | June 28, 2025 | |
| Common stock issued, $1 par value per share | $124.1 | | $124.1 | | $124.1 | $124.1 |
| Capital in excess of par value | | | | | | |
| Beginning balance | $817.6 | | $817.7 | | $834.3 | $840.6 |
| Issuance of shares under stock-based compensation plans(1) | 4.5 | | 4.2 | | (12.2) | (18.7) |
| Ending balance | $822.1 | | $821.9 | | $822.1 | $821.9 |
| Retained earnings | | | | | | |
First 8 of 25 rows. The CSV has all of them.
Table 16 after “Dividends per common share were as follows:”
Download CSV
| Three Months Ended | Six Months Ended | | | | |
| June 30, 2026 | June 28, 2025 | | June 30, 2026 | June 28, 2025 | |
| Dividends per common share | $1.00 | | $.94 | | $1.94 | $1.82 |
Table 17 after “The changes in “Accumulated other comprehensive loss” (net of tax) for the six-month period ended June 30, 2026 were as follows:”
Download CSV
| (In millions) | ForeignCurrencyTranslation(1) | Pension andOtherPostretirementBenefits | | Cash FlowHedges | Fair ValueHedges | 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 | 30.0 | | — | | (1.3) | | 2.8 | 31.5 |
| Reclassifications to net income, net of tax | — | | — | | (1.3) | | — | (1.3) |
| Other comprehensive income (loss), net of tax | 30.0 | | — | | (2.6) | | 2.8 | 30.2 |
| Balance as of June 30, 2026 | $(329.0) | | $(49.2) | | $(2.5) | | $1.2 | $(379.5) |
Table 18 after “The changes in “Accumulated other comprehensive loss” (net of tax) for the six-month period ended June 28, 2025 were as follows:”
Download CSV
| (In millions) | ForeignCurrencyTranslation(1) | Pension andOtherPostretirementBenefits | | Cash FlowHedges | Fair ValueHedges | 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 | 2.4 | | — | | 1.4 | | (1.1) | 2.7 |
| Reclassifications to net income, net of tax | — | | 1.1 | | 2.3 | | — | 3.4 |
| Other comprehensive income (loss), net of tax | 2.4 | | 1.1 | | 3.7 | | (1.1) | 6.1 |
| Balance as of June 28, 2025 | $(373.1) | | $(76.9) | | $(.9) | | $.9 | $(450.0) |
Table 19 after “Assets and liabilities carried at fair value, measured on a recurring basis, as of June 30, 2026 were as follows:”
Download CSV
| | Fair Value Measurements Using | | | | |
| (In millions) | Total | QuotedPricesin ActiveMarkets(Level 1) | | SignificantOtherObservableInputs(Level 2) | Significant Other Unobservable Inputs (Level 3) | |
| Assets | | | | | | |
| Investments | $49.5 | | $25.5 | | $24.0 | $— |
| Derivative assets | 45.6 | | 1.1 | | 44.5 | — |
| Bank drafts | 9.4 | | 9.4 | | — | — |
| Liabilities | | | | | | |
| Derivative liabilities | $61.2 | | $.4 | | $60.8 | $— |
First 8 of 9 rows. The CSV has all of them.
Table 20 after “Assets and liabilities carried at fair value, measured on a recurring basis, as of December 31, 2025 were as follows:”
Download CSV
| | Fair Value Measurements Using | | | | |
| (In millions) | Total | QuotedPricesin ActiveMarkets(Level 1) | | SignificantOtherObservableInputs(Level 2) | SignificantOtherUnobservableInputs(Level 3) | |
| Assets | | | | | | |
| Investments | $49.1 | | $24.1 | | $25.0 | $— |
| Derivative assets | 7.2 | | — | | 7.2 | — |
| Bank drafts | 7.5 | | 7.5 | | — | — |
| Liabilities | | | | | | |
| Derivative liabilities | $18.0 | | $.3 | | $17.7 | $— |
First 8 of 9 rows. The CSV has all of them.
Table 21 after “Venture investments by form and measurement category as of June 30, 2026 were as follows:”
Download CSV
| | Fair Value Measurements Using | | | | |
| (In millions) | Total | Fair Value(Level 1) | | Measurement Alternative | Other | |
| Venture investments: | | | | | | |
| Equity securities | $130.0 | | $.4 | | $129.6 | $— |
| Other investments | 2.3 | | — | | — | 2.3 |
| Total | $132.3 | | $.4 | | $129.6 | $2.3 |
Table 22 after “Venture investments by form and measurement category as of December 31, 2025 were as follows:”
Download CSV
| | Fair Value Measurements Using | | | | |
| (In millions) | Total | Fair Value(Level 1) | | Measurement Alternative | Other | |
| Venture investments: | | | | | | |
| Equity securities | $58.8 | | $1.1 | | $57.7 | $— |
| Other investments | 1.9 | | — | | — | 1.9 |
| Total | $60.7 | | $1.1 | | $57.7 | $1.9 |
Table 23 after “Unrealized gain (loss) on venture investments, net, was as follows and recorded in “Other expense (income), net” in the unaudited Condensed ”
Download CSV
| Three Months Ended | Six Months Ended | | | | |
| (In millions) | June 30, 2026 | June 28, 2025 | | June 30, 2026 | June 28, 2025 | |
| Unrealized gain (loss) on venture investments, net | $(.3) | | $.2 | | $(.7) | $(4.7) |
Table 24 after “The activity related to our environmental liabilities for the six months ended June 30, 2026 is shown below.”
Download CSV
| (In millions) | |
| Balance at December 31, 2025 | $10.0 |
| Charges, net of reversals | .6 |
| Payments | (1.2) |
| Balance at June 30, 2026 | $9.4 |
Table 25 after “Disaggregated revenue information is shown below in the manner that best reflects how the nature, amount, timing and uncertainty of our reve”
Download CSV
| Three Months Ended | Six Months Ended | | | | |
| (In millions) | June 30, 2026(1) | June 28, 2025 | | June 30, 2026(1) | June 28, 2025 | |
| Net sales to unaffiliated customers | | | | | | |
| Materials Group: | | | | | | |
| North America | $561.1 | | $496.3 | | $1,090.9 | $986.5 |
| Europe, the Middle East and North Africa | 657.6 | | 548.3 | | 1,247.6 | 1,065.9 |
| Asia Pacific | 442.1 | | 385.6 | | 851.0 | 744.1 |
| Latin America | 135.3 | | 120.0 | | 255.9 | 233.8 |
First 8 of 14 rows. The CSV has all of them.
Table 26 after “Segment results and reconciliation to income before taxes are presented below.”
Download CSV
| Three Months Ended | Six Months Ended | | | | | | |
| (In millions) | June 30, 2026 | June 28, 2025 | | June 30, 2026 | | June 28, 2025 | | |
| Materials Group | | | | | | | | |
| Net sales to unaffiliated customers | $1,796.1 | | $1,550.2 | | | $3,445.4 | | $3,030.3 |
| Segment expense(1) | 1,512.1 | | 1,307.7 | | | 2,907.2 | | 2,557.5 |
| Segment adjusted operating income | $284.0 | | $242.5 | | | $538.2 | | $472.8 |
| Solutions Group | | | | | | | | |
| Net sales to unaffiliated customers | $666.8 | | $670.3 | | | $1,316.0 | | $1,338.5 |
First 8 of 10 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| (In millions) | June 30, 2026 | June 28, 2025 | | June 30, 2026 | June 28, 2025 | |
| Segment adjusted operating income | | | | | | |
| Materials Group | $284.0 | | $242.5 | | $538.2 | $472.8 |
| Solutions Group | 76.5 | | 67.0 | | 135.0 | 135.2 |
| Total | 360.5 | | 309.5 | | 673.2 | 608.0 |
| Corporate expense(1) | (25.9) | | (22.8) | | (48.9) | (46.8) |
| Other expense (income), net | (21.1) | | (.5) | | (38.9) | (20.4) |
First 8 of 11 rows. The CSV has all of them.
Table 28 after “Additional financial information by reportable segment is shown below. We do not disclose total assets by reportable segment since we neithe”
Download CSV
| Three Months Ended | Six Months Ended | | | | |
| (In millions) | June 30, 2026 | June 28, 2025 | | June 30, 2026 | June 28, 2025 | |
| Intersegment sales | | | | | | |
| Materials Group | $36.6 | | $46.0 | | $70.3 | $89.9 |
| Solutions Group | 25.6 | | 12.5 | | 40.1 | 25.7 |
| Intersegment sales | $62.2 | | $58.5 | | $110.4 | $115.6 |
| Capital expenditures(1)(2) | | | | | | |
| Materials Group | $29.3 | | $18.4 | | $45.8 | $32.0 |
First 8 of 14 rows. The CSV has all of them.
Table 29 after “Other expense (income), net, by type was as follows:”
Download CSV
| Three Months Ended | Six Months Ended | | | | |
| (In millions) | June 30, 2026 | June 28, 2025 | | June 30, 2026 | June 28, 2025 | |
| Other expense (income), net, by type | | | | | | |
| Restructuring charges, net of reversals: | | | | | | |
| Severance and related costs, net of reversals | $16.2 | | $7.9 | | $30.7 | $12.6 |
| Asset impairment and lease cancellation charges | 2.4 | | .1 | | 3.7 | .3 |
| (Gain) loss on venture and other investments | 1.2 | | 1.8 | | 2.5 | 16.1 |
| Loss from Argentine peso remeasurement | .8 | | 1.8 | | 1.3 | 2.5 |
First 8 of 12 rows. The CSV has all of them.
Table 30 after “The table below summarizes amounts in inventories.”
Download CSV
| (In millions) | June 30, 2026 | December 31, 2025 | |
| Raw materials | $426.2 | | $387.6 |
| Work-in-progress | 257.5 | | 242.5 |
| Finished goods | 348.0 | | 345.7 |
| Inventories | $1,031.7 | | $975.8 |
Table 31 after “The table below summarizes the amounts in property, plant and equipment, net.”
Download CSV
| (In millions) | June 30, 2026 | December 31, 2025 | |
| Property, plant and equipment | $4,296.3 | | $4,271.9 |
| Accumulated depreciation | (2,731.2) | | (2,664.2) |
| Property, plant and equipment, net | $1,565.1 | | $1,607.7 |
Table 32 after “The activity related to our allowance for credit losses is shown below.”
Download CSV
| Six Months Ended | | |
| (In millions) | June 30, 2026 | June 28, 2025 | |
| Beginning balance | $28.1 | | $29.0 |
| Provision for credit losses | 5.8 | | 2.1 |
| Amounts written off | (4.4) | | (2.6) |
| Other, including foreign currency translation | (.3) | | 1.7 |
| Ending balance | $29.2 | | $30.2 |
Table 33 after “The factors impacting net sales change, as compared to the prior-year period, are shown in the table below.”
Download CSV
| Three Months Ended June 30, 2026 | Six Months Ended June 30, 2026 | |
| Net sales change | 11% | | 9% |
| Foreign currency translation | (2) | | (3) |
| Sales change ex. currency(1) | 9 | | 6 |
| Acquisitions | (1) | | (1) |
| Organic sales change(1) | 8% | | 4% |
| Six Months Ended | | |
| (In millions) | June 30, 2026 | June 28, 2025 | |
| Net cash provided by operating activities | $544.7 | | $192.5 |
| Purchases of property, plant and equipment | (67.5) | | (66.0) |
| Purchases of software and other deferred charges | (13.9) | | (15.2) |
| Proceeds from sales of property, plant and equipment | .7 | | 15.7 |
| Proceeds from insurance and sales (purchases) of investments, net | 5.8 | | 8.8 |
| Adjusted free cash flow | $469.8 | | $135.8 |
| Three Months Ended | | |
| (In millions) | June 30, 2026 | June 28, 2025 | |
| Net sales | $2,462.9 | | $2,220.5 |
| Cost of products sold | 1,733.5 | | 1,581.4 |
| Gross profit | 729.4 | | 639.1 |
| Marketing, general and administrative expense | 394.8 | | 352.4 |
| Other expense (income), net | 21.1 | | .5 |
| Interest expense | 35.9 | | 34.0 |
First 8 of 10 rows. The CSV has all of them.
| Three Months Ended | | |
| (In millions) | June 30, 2026 | June 28, 2025 | |
| Other expense (income), net, by type | | | |
| Restructuring charges, net of reversals: | | | |
| Severance and related costs, net of reversals | $16.2 | | $7.9 |
| Asset impairment and lease cancellation charges | 2.4 | | .1 |
| (Gain) loss on venture and other investments | 1.2 | | 1.8 |
| Loss from Argentine peso remeasurement | .8 | | 1.8 |
First 8 of 11 rows. The CSV has all of them.
Table 37 after “Net Income and Earnings per Share”
Download CSV
| Three Months Ended | | |
| (In millions, except per share amounts and percentages) | June 30, 2026 | June 28, 2025 | |
| Income before taxes | $282.7 | | $255.5 |
| Provision for income taxes | 78.6 | | 66.5 |
| Net income | $204.1 | | $189.0 |
| Per share amounts: | | | |
| Net income per common share | $2.67 | | $2.42 |
| Net income per common share, assuming dilution | 2.67 | | 2.41 |
First 8 of 9 rows. The CSV has all of them.
| Three Months Ended | | |
| (In millions) | June 30, 2026 | June 28, 2025 | |
| Net sales including intersegment sales | $1,832.7 | | $1,596.2 |
| Less intersegment sales | (36.6) | | (46.0) |
| Net sales | $1,796.1 | | $1,550.2 |
| Segment adjusted operating income(1) | 284.0 | | 242.5 |
Table 39 after “The factors impacting net sales change, as compared to the prior-year period, are shown in the table below.”
Download CSV
| Three Months Ended |
| June 30, 2026 |
| Net sales change | 16% |
| Reclassification of sales between segments | (2) |
| Foreign currency translation | (3) |
| Sales change ex. currency(1) | 12 |
| Acquisitions | (2) |
| Organic sales change(1) | 10% |
| Three Months Ended | | |
| (In millions) | June 30, 2026 | June 28, 2025 | |
| Net sales including intersegment sales | $692.4 | | $682.8 |
| Less intersegment sales | (25.6) | | (12.5) |
| Net sales | $666.8 | | $670.3 |
| Segment adjusted operating income(1) | 76.5 | | 67.0 |
Table 41 after “The factors impacting net sales change, as compared to the prior-year period, are shown in the table below.”
Download CSV
| Three Months Ended |
| June 30, 2026 |
| Net sales change | (1)% |
| Reclassification of sales between segments | 4 |
| Foreign currency translation | (1) |
| Sales change ex. currency(1) | 3 |
| Organic sales change(1) | 3% |
| Six Months Ended | | |
| (In millions) | June 30, 2026 | June 28, 2025 | |
| Net sales | $4,761.4 | | $4,368.8 |
| Cost of products sold | 3,367.2 | | 3,108.2 |
| Gross profit | 1,394.2 | | 1,260.6 |
| Marketing, general and administrative expense | 769.9 | | 699.4 |
| Other expense (income), net | 38.9 | | 20.4 |
| Interest expense | 71.5 | | 64.9 |
First 8 of 10 rows. The CSV has all of them.
| Six Months Ended | | |
| (In millions) | June 30, 2026 | June 28, 2025 | |
| Other expense (income), net, by type | | | |
| Restructuring charges, net of reversals: | | | |
| Severance and related costs, net of reversals | $30.7 | | $12.6 |
| Asset impairment and lease cancellation charges | 3.7 | | .3 |
| (Gain) loss on venture and other investments | 2.5 | | 16.1 |
| Losses from Argentine peso remeasurement | 1.3 | | 2.5 |
First 8 of 12 rows. The CSV has all of them.
Table 44 after “Net Income and Earnings per Share”
Download CSV
| Six Months Ended | | |
| (In millions, except per share amounts and percentages) | June 30, 2026 | June 28, 2025 | |
| Income before taxes | $523.1 | | $482.5 |
| Provision for income taxes | 150.9 | | 127.2 |
| Net income | $372.2 | | $355.3 |
| Per share amounts: | | | |
| Net income per common share | $4.87 | | $4.51 |
| Net income per common share, assuming dilution | 4.85 | | 4.50 |
First 8 of 9 rows. The CSV has all of them.
| Six Months Ended | | |
| (In millions) | June 30, 2026 | June 28, 2025 | |
| Net sales including intersegment sales | $3,515.7 | | $3,120.2 |
| Less intersegment sales | (70.3) | | (89.9) |
| Net sales | $3,445.4 | | $3,030.3 |
| Segment adjusted operating income(1) | 538.2 | | 472.8 |
Table 46 after “The factors impacting net sales change, as compared to the prior-year period, are shown in the table below.”
Download CSV
| Six Months Ended |
| June 30, 2026 |
| Reported net sales change | 14% |
| Reclassification of sales between segments | (2) |
| Foreign currency translation | (5) |
| Sales change ex. currency(1) | 8 |
| Acquisitions | (2) |
| Organic sales change(1) | 6% |
| Six Months Ended | | |
| (In millions) | June 30, 2026 | June 28, 2025 | |
| Net sales including intersegment sales | $1,356.1 | | $1,364.2 |
| Less intersegment sales | (40.1) | | (25.7) |
| Net sales | $1,316.0 | | $1,338.5 |
| Segment adjusted operating income(1) | 135.0 | | 135.2 |
Table 48 after “The factors impacting net sales change, as compared to the prior-year period, are shown in the table below.”
Download CSV
| Six Months Ended |
| June 30, 2026 |
| Reported net sales change | (2)% |
| Reclassification of sales between segments | 3 |
| Foreign currency translation | (1) |
| Sales change ex. currency(1) | 1 |
| Organic sales change(1) | 1% |
| Six Months Ended | | |
| (In millions) | June 30, 2026 | June 28, 2025 | |
| Net income | $372.2 | | $355.3 |
| Depreciation | 106.4 | | 100.3 |
| Amortization | 66.8 | | 58.4 |
| Provision for credit losses and sales returns | 27.2 | | 25.3 |
| Stock-based compensation | 12.2 | | 14.7 |
| Deferred taxes and other non-cash taxes | (19.2) | | (12.0) |
First 8 of 11 rows. The CSV has all of them.
| Six Months Ended | | |
| (In millions) | June 30, 2026 | June 28, 2025 | |
| Purchases of property, plant and equipment | $(67.5) | | $(66.0) |
| Purchases of software and other deferred charges | (13.9) | | (15.2) |
| Proceeds from sales of property, plant and equipment | .7 | | 15.7 |
| Proceeds from insurance and sales (purchases) of investments, net | 5.8 | | 8.8 |
| Proceeds from settlement of net investment hedges | — | | 6.2 |
| Payments for acquisitions, net of cash acquired, and venture investments | (75.5) | | (10.7) |
First 8 of 9 rows. The CSV has all of them.
| Six Months Ended | | |
| (In millions) | June 30, 2026 | June 28, 2025 | |
| Net increase (decrease) in borrowings with maturities of three months or less | $(9.6) | | $816.2 |
| Repayments of long-term debt and finance leases | (3.4) | | (551.6) |
| Dividends paid | (148.5) | | (142.9) |
| Share repurchases | (198.2) | | (360.0) |
| Net (tax withholding) proceeds related to stock-based compensation | (9.4) | | (12.6) |
| Payments for settlement of fair value hedges | — | | (13.5) |
First 8 of 10 rows. The CSV has all of them.
Table 52 after “Operational working capital, as a percentage of annualized current-quarter net sales, is reconciled to working capital below. Our objective ”
Download CSV
| (In millions, except percentages) | June 30, 2026 | June 28, 2025 | |
| (A) Working capital | $395.5 | | $121.7 |
| Reconciling items: | | | |
| Cash and cash equivalents | (227.3) | | (215.9) |
| Other current assets | (348.0) | | (314.5) |
| Short-term borrowings and current portion of long-term debt and finance leases | 500.5 | | 922.0 |
| Accrued payroll and employee benefits and other current liabilities | 979.8 | | 832.6 |
| (B) Operational working capital | $1,300.5 | | $1,345.9 |
First 8 of 10 rows. The CSV has all of them.
Table 53 after “Repurchases by us or our “affiliated purchasers” (as defined in Rule 10b-18(a)(3) of the Securities Exchange Act of 1934, as amended) of reg”
Download CSV
| Period | Total number of shares purchased(1) | Average price paidper share(2) | | Total number of sharespurchased as part ofpublicly announced plans(1)(3) | Approximate dollarvalue of shares that mayyet be purchased underthe plans(3)(4) | |
| April | 175.5 | | $170.91 | | 175.5 | $435.7 |
| May | 370.5 | | 159.93 | | 370.5 | 376.4 |
| June | 275.7 | | 157.58 | | 275.7 | 333.0 |
| Total | 821.7 | | $161.49 | | 821.7 | $333.0 |
| Exhibit 3.1 | Amended and Restated Certificate of Incorporation, as filed on April 28, 2011 with the Office of Delaware Secretary of State (incorporated by reference to Exhibit 3.1 of the Company’s Current Report on Form 8-K filed on April 29, 2011) |
| Exhibit 3.2 | Certificate of Amendment to Amended and Restated Certificate of Incorporation of Avery Dennison Corporation, effective as of April 25, 2024 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on April 26, 2024) |
| Exhibit 3.3 | Amended and Restated Bylaws of Avery Dennison Corporation, effective as of February 26, 2026 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on February 26, 2026) |
| Exhibit 10.1†* | Offer letter to Danny Allouche, dated June 1, 2026 |
| Exhibit 31.1* | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| Exhibit 31.2* | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| Exhibit 32.1** | Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
| Exhibit 32.2** | Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
First 8 of 15 rows. The CSV has all of them.