Exhibit 99.3

Pactiv Evergreen Inc.

Updated Selected Historical Financial Data by Segment

(In millions)

(Unaudited)

Background

In the second quarter of 2023, in conjunction with the previously announced restructuring of the Company’s legacy Beverage Merchandising segment, the Company implemented a new operating and reporting structure resulting in the combination of the legacy Food Merchandising and Beverage Merchandising segments, creating the Food and Beverage Merchandising segment. The Company also reorganized the management of certain product lines from the Foodservice segment to the Food and Beverage Merchandising segment. Therefore, as of the end of the second quarter of 2023, management analyzes the results of the business through the following reportable segments: Foodservice; and Food and Beverage Merchandising. The Company’s reportable segments are described as follows:

Foodservice - Manufactures a broad range of products that enable consumers to eat and drink where they want and when they want with convenience. Foodservice manufactures food containers, drinkware (hot and cold cups and lids), tableware, serviceware and other products which make eating on-the-go more enjoyable and easy to do.

Food and Beverage Merchandising - Manufactures products that protect and attractively display food and beverages while preserving freshness. Food and Beverage Merchandising products include cartons for fresh refrigerated beverage products, primarily serving dairy (including plant-based, organic and specialties), juice and other specialty beverage end-markets, clear rigid-display containers, containers for prepared and ready-to-eat food, trays for meat and poultry and egg cartons. It also produces fiber-based liquid packaging board for its internal requirements and to sell to other fresh beverage carton manufacturers. Prior to June 2023, it also produced a range of paper-based products which it sold to paper and packaging converters.

To reflect the current reportable segment structure and the change in the management of certain product lines, we recasted selected unaudited financial information for the years ended December 31, 2022 and 2021, the four quarters of the year ended December 31, 2022 and the three months ended March 31, 2023. There were no changes to the Reportable Segment Total amounts presented in the accompanying selected recast unaudited financial information.

Information by Segment

The Company presents reportable segment Adjusted EBITDA as this is the financial measure by which our Chief Operating Decision Maker (“CODM”), who is our President and Chief Executive Officer, allocates resources and analyzes the performance of its reportable segments.

A segment’s Adjusted EBITDA represents its earnings before interest, tax, depreciation and amortization and is further adjusted to exclude certain items, including but not limited to, restructuring, asset impairment and other related charges, gains or losses on the sale of businesses and noncurrent assets, non-cash pension income or expense, operational process engineering-related consultancy costs, business acquisition and integration costs and purchase accounting adjustments, unrealized gains or losses on derivatives, foreign exchange gains or losses on cash and gains or losses on certain legal settlements.

Reportable segment assets represent trade receivables, inventory and property, plant and equipment.