Goodwill and Identifiable Assets (Tables)

9 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Goodwill Balances by Segment Reporting Structure

The following table shows our goodwill balances by our segment reporting structure.  We review goodwill for impairment on a reporting unit basis annually during the fourth quarter of each year and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable.  As of September 30, 2017, we did not identify any changes in circumstances that would indicate the carrying value of goodwill may not be recoverable.

(In millions)	Food Care		Product Care			Total
Carrying Value at December 31, 2016	$	510.8	$	1,372.1		$	1,882.9
Acquisitions and divestitures	7.2		(0.3		)	6.9
Currency translation	7.1		1.4			8.5
Carrying Value at September 30, 2017	$	525.1	$	1,373.2		$	1,898.3

Summary of Identifiable Intangible Assets with Indefinite Useful Lives

The following tables summarize our identifiable intangible assets with definite and indefinite useful lives.  As of September 30, 2017, there were no impairment indicators present.

	September 30, 2017							December 31, 2016
(In millions)	Gross Carrying Value		Accumulated Amortization			Net		Gross Carrying Value		Accumulated Amortization			Net
Customer relationships	$	31.9	$	(19.0	)	$	12.9	$	25.0	$	(17.5	)	$	7.5
Trademarks and tradenames	0.7		(0.3		)	0.4		0.6		(0.2		)	0.4
Capitalized software	48.7		(37.8		)	10.9		42.6		(31.2		)	11.4
Technology	37.4		(26.7		)	10.7		34.4		(24.2		)	10.2
Contracts	10.6		(9.6		)	1.0		10.6		(8.9		)	1.7
Total intangible assets with definite lives	129.3		(93.4		)	35.9		113.2		(82.0		)	31.2
Trademarks and tradenames with indefinite lives	8.9		—			8.9		8.9		—			8.9
Total identifiable intangible assets	$	138.2	$	(93.4	)	$	44.8	$	122.1	$	(82.0	)	$	40.1

Summary of Identifiable Intangible Assets with Definite Useful Lives

The following tables summarize our identifiable intangible assets with definite and indefinite useful lives.  As of September 30, 2017, there were no impairment indicators present.

	September 30, 2017							December 31, 2016
(In millions)	Gross Carrying Value		Accumulated Amortization			Net		Gross Carrying Value		Accumulated Amortization			Net
Customer relationships	$	31.9	$	(19.0	)	$	12.9	$	25.0	$	(17.5	)	$	7.5
Trademarks and tradenames	0.7		(0.3		)	0.4		0.6		(0.2		)	0.4
Capitalized software	48.7		(37.8		)	10.9		42.6		(31.2		)	11.4
Technology	37.4		(26.7		)	10.7		34.4		(24.2		)	10.2
Contracts	10.6		(9.6		)	1.0		10.6		(8.9		)	1.7
Total intangible assets with definite lives	129.3		(93.4		)	35.9		113.2		(82.0		)	31.2
Trademarks and tradenames with indefinite lives	8.9		—			8.9		8.9		—			8.9
Total identifiable intangible assets	$	138.2	$	(93.4	)	$	44.8	$	122.1	$	(82.0	)	$	40.1

Remaining Estimated Future Amortization Expense

The following table shows the remaining estimated future amortization expense at September 30, 2017. 

Year	Amount (in millions)
Remainder of 2017	$	6.3
2018	12.8
2019	2.6
2020	2.9
Thereafter	11.3
Total	$	35.9