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Goodwill and Identifiable Intangible Assets, net
9 Months Ended
Sep. 30, 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 September 30, 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

Acquisition, purchase price and other adjustments
 
6.3

 
264.4

 
270.7

Currency translation
 
(4.2
)
 
(1.0
)
 
(5.2
)
Carrying Value at September 30, 2019
 
$
521.8

 
$
1,691.3

 
$
2,213.1


 

(1) 
There has been no change to our accumulated impairment balance as of September 30, 2019.
Identifiable Intangible Assets, net
The following tables summarize our identifiable intangible assets, net. As of September 30, 2019, there were no impairment indicators present.
 
September 30, 2019
 
December 31, 2018
(In millions)
Gross
Carrying Value
 
Accumulated Amortization
 
Net(1)
 
Gross
Carrying Value
 
Accumulated Amortization
 
Net
Customer relationships
$
104.7

 
$
(27.9
)
 
$
76.8

 
$
72.4

 
$
(22.3
)
 
$
50.1

Trademarks and tradenames
27.2

 
(2.9
)
 
24.3

 
15.1

 
(1.6
)
 
13.5

Capitalized software
86.0

 
(58.9
)
 
27.1

 
62.2

 
(49.8
)
 
12.4

Technology
67.2

 
(25.0
)
 
42.2

 
37.2

 
(23.5
)
 
13.7

Contracts
13.2

 
(10.4
)
 
2.8

 
13.2

 
(10.1
)
 
3.1

Total intangible assets with definite lives
298.3

 
(125.1
)
 
173.2

 
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
$
307.2

 
$
(125.1
)
 
$
182.1

 
$
209.0

 
$
(107.3
)
 
$
101.7

 
(1) 
As of September 30, 2019, identifiable intangible assets increased primarily due to the APS acquisition. See Note 5, "Divestitures and Acquisitions," of the Notes to the Condensed Consolidated Financial Statements for additional information related to the APS acquisition.
The following table shows the remaining estimated future amortization expense at September 30, 2019
Year
Amount
(in millions)
Remainder of 2019
$
6.8

2020
25.8

2021
20.7

2022
13.8

2023
11.4

Thereafter
94.7

Total
$
173.2