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Goodwill and Identifiable Intangible Assets, net
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Identifiable Intangible Assets, net
Goodwill and Identifiable Intangible Assets, net
Goodwill
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 March 31, 2019, 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
Gross Carrying Value at December 31, 2018
 
$
568.9

 
$
1,568.9

 
$
2,137.8

Accumulated impairment(1)
 
(49.2
)
 
(141.0
)
 
(190.2
)
Carrying Value at December 31, 2018
 
$
519.7

 
$
1,427.9

 
$
1,947.6

Currency translation
 
1.9

 
0.5

 
2.4

Carrying Value at March 31, 2019
 
$
521.6

 
$
1,428.4

 
$
1,950.0


 

(1) 
There has been no change to our accumulated impairment balance as of March 31, 2019.
Identifiable Intangible Assets, net
The following tables summarize our identifiable intangible assets, net. As of March 31, 2019, there were no impairment indicators present.
 
March 31, 2019
 
December 31, 2018
(In millions)
Gross
Carrying Value
 
Accumulated Amortization
 
Net
 
Gross
Carrying Value
 
Accumulated Amortization
 
Net
Customer relationships
$
72.7

 
$
(23.3
)
 
$
49.4

 
$
72.4

 
$
(22.3
)
 
$
50.1

Trademarks and tradenames
15.3

 
(2.0
)
 
13.3

 
15.1

 
(1.6
)
 
13.5

Capitalized software
67.8

 
(52.3
)
 
15.5

 
62.2

 
(49.8
)
 
12.4

Technology
37.1

 
(23.9
)
 
13.2

 
37.2

 
(23.5
)
 
13.7

Contracts
13.2

 
(10.2
)
 
3.0

 
13.2

 
(10.1
)
 
3.1

Total intangible assets with definite lives
206.1

 
(111.7
)
 
94.4

 
200.1

 
(107.3
)
 
92.8

Trademarks and tradenames with indefinite lives
8.9

 

 
8.9

 
8.9

 

 
8.9

Total identifiable intangible assets, net
$
215.0

 
$
(111.7
)
 
$
103.3

 
$
209.0

 
$
(107.3
)
 
$
101.7


The following table shows the remaining estimated future amortization expense at March 31, 2019
Year
Amount
(in millions)
Remainder of 2019
$
10.5

2020
13.8

2021
10.7

2022
7.8

Thereafter
51.6

Total
$
94.4