Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents		$ 358.4	$ 286.4	[1],[2],[3],[4],[5]
Trade receivables, net of allowance for doubtful accounts of $24.9 in 2015 and $28.8 in 2014		758.4	1,002.0	[1],[2],[3]
Income tax receivables		22.7	277.0	[1],[2],[3]
Other receivables		124.8	126.8	[1],[2],[3]
Inventories, net of inventory reserves of $21.9 in 2015 and $29.0 in 2014		660.8	688.5	[1],[2],[3],[6]
Assets held for sale		10.3	106.4	[1],[2],[3]
Prepaid expenses and other current assets		280.2	131.5	[1],[2],[3]
Total current assets		2,215.6	2,618.6	[1],[2],[3]
Property and equipment, net		930.7	943.0	[1],[2],[3],[7]
Goodwill		2,909.5	2,996.9	[1],[2],[3],[8]
Intangible assets, net		784.3	872.2	[1],[2],[3],[9]
Deferred taxes		204.7	122.9	[1],[2],[3]
Other non-current assets		381.2	399.6	[1],[2],[3]
Total assets		7,426.0	7,953.2	[1],[2],[3]
Current liabilities:
Short-term borrowings		241.9	143.3	[1],[2],[3]
Current portion of long-term debt		46.6	1.0	[1],[2],[3]
Accounts payable		675.3	624.2	[1],[2],[3]
Liabilities held for sale	[1],[2],[3]		13.0
Accrued restructuring costs		53.6	55.8	[1],[2],[3]
Other current liabilities		789.7	889.9	[1],[2],[3]
Total current liabilities		1,807.1	1,727.2	[1],[2],[3]
Long-term debt, less current portion		4,302.7	4,282.0	[1],[2],[3]
Deferred taxes		75.0	77.1	[1],[2],[3]
Other non-current liabilities		714.1	704.1	[1],[2],[3]
Total liabilities		$ 6,898.9	$ 6,790.4	[1],[2],[3]
Commitments and contingencies				[1],[2],[3]
Stockholders’ equity:
Preferred stock, $0.10 par value per share, 50,000,000 shares authorized; no shares issued in 2015 and 2014				[1],[2],[3]
Common stock, $0.10 par value per share, 400,000,000 shares authorized; shares issued: 225,625,636 in 2015 and 224,683,653 in 2014; shares outstanding: 196,013,299 in 2015 and 210,531,894 in 2014		$ 22.6	$ 22.5	[1],[2],[3]
Additional paid-in capital		1,915.0	1,787.0	[1],[2],[3]
Retained earnings		675.2	448.5	[1],[2],[3]
Common stock in treasury, 29,612,337 shares in 2015 and 14,151,759 shares in 2014		(1,265.7)	(481.4)	[1],[2],[3]
Accumulated other comprehensive loss, net of taxes:
Unrecognized pension items		(266.0)	(250.1)	[1],[2],[3]
Cumulative translation adjustment		(564.0)	(369.9)	[1],[2],[3]
Unrealized net gain (loss) on derivative instruments for net investment hedge		1.7
Unrealized net gain (loss) on derivative instruments for cash flow hedge		8.3	6.2	[1],[2],[3]
Total accumulated other comprehensive loss, net of taxes	[10],[11]	(820.0)	(613.8)	[1],[2],[3]
Total stockholders’ equity		527.1	1,162.8	[1],[2],[3]
Total liabilities and stockholders’ equity		$ 7,426.0	$ 7,953.2	[1],[2],[3]

[1] As of December 31, 2015, we have adopted ASU 2015-17 which resulted in a decrease in deferred tax assets of $105.6 million, an increase in non-current deferred tax assets of $17.0 million, a decrease in current deferred tax liabilities of $4.8 million and a decrease in non-current deferred tax liabilities of $83.8 million as of December 31, 2014.

[2] During the fourth quarter of 2015, we completed the sale of our European food trays business. During the fourth quarter of 2015, the assets and liabilities met the criteria of held for sale classification. Accordingly, we reclassified $37 million of assets and $7 million of liabilities as held for sale as of December 31, 2014. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details. Certain foreign currency translation adjustments were misclassified within the components of Accumulated Other Comprehensive Income on the Consolidated Balance Sheets. Additionally, we reclassified $13 million from accounts payable to short-term borrowings related to extended payment terms on a vendor agreement and $36 million from cash to other assets related to cash used as collateral for borrowing agreements. See Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” under the heading “Reclassifications and Revisions” for further discussion of the revisions.

[3] During the second quarter of 2015, we completed the sale of our North American foam trays and absorbent pads business. During the first quarter of 2015, the assets and liabilities met the criteria of held for sale classification. Accordingly, we reclassified $42 million of assets and $6 million of liabilities as held for sale as of December 31, 2014. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.

[4] For the years ended December 31, 2014 and 2013, certain amounts related to foreign currency gains and losses, including the remeasurement loss related to Venezuelan subsidiaries in 2014 and 2013, and the settlement of foreign currency forward contracts were misclassified. Additional revisions were made to the Consolidated Balance Sheets for the years ended December 31, 2014 and 2013. As a result, corresponding changes were made on the Consolidated Statement of Cash Flows. See Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” under the heading “Reclassifications and Revisions” for further discussion of the revisions.

[5] Interest payments in 2014 include $417 million related to the Settlement agreement

[6] Excludes North American foam trays and absorbent pads and European food trays business inventory. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.

[7] Excludes North American foam trays and absorbent pads and European food trays business property and equipment, net. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.

[8] Excludes North American foam trays and absorbent pads and European food trays business goodwill. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.

[9] Excludes North American foam trays and absorbent pads business intangible assets. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.

[10] (1) For the years ended December 31, 2014 and December 31, 2013, certain foreign currency translation adjustments were misclassified within Accumulated Other Comprehensive Loss (“AOCI”) on the Consolidated Balance Sheet. Refer Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” under the heading “Reclassifications and Revisions” for further discussion of the revisions.

[11] The ending balance in AOCI includes gains and losses on intra-entity foreign currency transactions. The intra-entity currency translation adjustment was $31.1 million as of December 31, 2015 and $58.9 million as of December 31, 2014.