The company acquired Silver Crystal Group, Lion Brothers, and Thermopatch, Inc. in 2023 for approximately $231 million. These acquisitions expanded the product portfolio in the Solutions Group reportable segment (page 26).

The outlook section of the 10-K anticipates an increase in net sales due to higher volume as markets recover from inventory destocking in 2023, though this may be partially offset by deflation-related pricing actions (page 27).

The company invested $285.1 million in capital expenditures, including fixed assets and information technology, in 2023. These investments are aimed at supporting long-term growth (page 13).

The 10-K filing states that Avery Dennison realized approximately $69 million in savings from restructuring actions, net of transition costs, primarily related to its 2023 actions (page 27).

In the third quarter of 2023, Avery Dennison approved a restructuring plan to optimize the European footprint of its Materials Group reportable segment by reducing operations in a manufacturing facility in Belgium (page 26).

The company is involved in a litigation with ADASA Inc. and has recorded a contingent liability. The amount was increased during the year to reflect the best estimate of the anticipated judgment (page 13).

The 10-K filing identifies the risk that the demand for Avery Dennison's products is influenced by global economic conditions, political uncertainty, and changes in environmental standards and governmental regulations (page 9).

The company acknowledges that fluctuations in currency exchange rates, particularly with the Argentine peso and Chinese renminbi, can negatively impact net sales, costs, and margins (page 9).

The 10-K filing identifies the risk that the company may not compete effectively or respond appropriately to changes in its markets, which could reduce market demand or market share (page 11).

The 10-K filing acknowledges the risk from existing or new competitors, including customers, distributors, and suppliers, expanding in key market segments or developing new technologies (page 11).

The 10-K filing identifies the risk that significant consolidation of the customer base could increase pricing pressures and negatively impact the business (page 12).

The 10-K filing acknowledges the importance of timely introduction of new products and improvements to current products to maintain a competitive position (page 13).

The 10-K filing states that the company engages in restructuring actions to reduce costs and increase efficiencies across its business segments, which may include facility closures, headcount reductions, and organizational restructuring (page 12).

The 10-K filing identifies the risk that the company's sales and profitability depend on the availability and cost of raw materials and energy, which are subject to price fluctuations (page 10).

The 10-K filing states that the company's performance depends in part on its ability to offset increased raw material costs by raising selling prices or re-engineering its products (page 10).

The 10-K filing acknowledges the importance of timely introduction of new products and improvements to current products to maintain a competitive position (page 13).

The 10-K filing states that the company focuses on research projects related to RFID and external embellishments in Solutions Group, for which it has and licenses a number of patents (page 5).

The 10-K filing states that the company invested in information technology upgrades worldwide in 2023, 2022 and 2021 (page 32).

The 10-K filing states that the company used $394.9 million from the issuance of senior notes to repay existing indebtedness under its commercial paper programs and senior notes (page 33).

The 10-K filing states that the company repurchased approximately 0.8 million shares of its common stock at an aggregate cost of $137.5 million in 2023 (page 33).

The 10-K filing states that the Board authorized the repurchase of shares of common stock with a fair market value of up to $750 million (page 33).

The 10-K filing states that the company's research and development efforts include sustainable innovation and design of products that increase the use of recycled content, reduce waste, extend life or enable recycling (page 5).

The 10-K filing states that the company is subject to national, state, provincial and/or local environmental, health, and safety laws and regulations in the U.S. and other countries in which it operates (page 16).

The 10-K filing identifies the risk that investor and societal expectations with respect to sustainability or governance matters have been evolving and increasing (page 13).

The 10-K filing states that the company's strategy includes increased growth in emerging markets, including China, which creates greater exposure to unstable political conditions, civil unrest, economic volatility, contagious disease and other risks applicable to international operations (page 10).

The 10-K filing acknowledges that international operations and activities involve risks that are different from and potentially greater than the risks faced in domestic operations (page 10).

The 10-K filing states that the company is required to comply with anti-corruption and other compliance laws and regulations of the U.S. government and various international jurisdictions (page 16).