Goodwill and Identifiable Intangible Assets, net (Tables)

6 Months Ended

Jun. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Goodwill Balances by Segment Reporting Structure

The following table shows our goodwill balances by reportable segment. 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 June 30, 2018, 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, 2017	$	526.9		$	1,412.9		$	1,939.8
Purchase price and other adjustments	(0.6		)	(0.6		)	(1.2		)
Currency translation	(4.3		)	(2.3		)	(6.6		)
Carrying Value at June 30, 2018	$	522.0		$	1,410.0		$	1,932.0

Summary of Identifiable Intangible Assets with Indefinite Useful Lives

The following tables summarize our identifiable intangible assets, net. As of June 30, 2018, there were no impairment indicators present.

	June 30, 2018							December 31, 2017
(In millions)	Gross Carrying Value		Accumulated Amortization			Net		Gross Carrying Value		Accumulated Amortization			Net
Customer relationships	$	54.7	$	(20.7	)	$	34.0	$	59.7	$	(19.7	)	$	40.0
Trademarks and tradenames	11.2		(0.8		)	10.4		11.6		(0.5		)	11.1
Capitalized software	58.6		(44.3		)	14.3		50.6		(40.0		)	10.6
Technology	42.5		(28.1		)	14.4		39.2		(27.5		)	11.7
Contracts	13.5		(9.9		)	3.6		10.9		(9.6		)	1.3
Total intangible assets with definite lives	180.5		(103.8		)	76.7		172.0		(97.3		)	74.7
Trademarks and tradenames with indefinite lives	8.9		—			8.9		8.9		—			8.9
Total identifiable intangible assets, net	$	189.4	$	(103.8	)	$	85.6	$	180.9	$	(97.3	)	$	83.6

Summary of Identifiable Intangible Assets with Definite Useful Lives

The following tables summarize our identifiable intangible assets, net. As of June 30, 2018, there were no impairment indicators present.

	June 30, 2018							December 31, 2017
(In millions)	Gross Carrying Value		Accumulated Amortization			Net		Gross Carrying Value		Accumulated Amortization			Net
Customer relationships	$	54.7	$	(20.7	)	$	34.0	$	59.7	$	(19.7	)	$	40.0
Trademarks and tradenames	11.2		(0.8		)	10.4		11.6		(0.5		)	11.1
Capitalized software	58.6		(44.3		)	14.3		50.6		(40.0		)	10.6
Technology	42.5		(28.1		)	14.4		39.2		(27.5		)	11.7
Contracts	13.5		(9.9		)	3.6		10.9		(9.6		)	1.3
Total intangible assets with definite lives	180.5		(103.8		)	76.7		172.0		(97.3		)	74.7
Trademarks and tradenames with indefinite lives	8.9		—			8.9		8.9		—			8.9
Total identifiable intangible assets, net	$	189.4	$	(103.8	)	$	85.6	$	180.9	$	(97.3	)	$	83.6

Remaining Estimated Future Amortization Expense

The following table shows the remaining estimated future amortization expense at June 30, 2018. 

Year	Amount (in millions)
Remainder of 2018	$	7.0
2019	11.3
2020	8.7
2021	5.7
Thereafter	44.0
Total	$	76.7