Revenue Recognition, Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers Summarized by Segment Geography

For the years ended December 31, 2019 and 2018, revenues from contracts with customers summarized by Segment Geography were as follows:



	Year Ended December 31, 2019
(In millions)⁽¹⁾	Food Care		Product Care		Total
North America	$	1,612.2	$	1,197.9	$	2,810.1
EMEA	617.1		388.2		1,005.3
South America	216.2		16.9		233.1
APAC	413.7		299.0		712.7
Topic 606 Segment Revenue	2,859.2		1,902.0		4,761.2
Non-Topic 606 Revenue (Leasing: Sales-type and Operating)	21.3		8.6		29.9
Total	$	2,880.5	$	1,910.6	$	4,791.1



	Year Ended December 31, 2018
(In millions)⁽¹⁾	Food Care		Product Care		Total
North America	$	1,599.8	$	1,115.7	$	2,715.5
EMEA	653.1		381.2		1,034.3
South America	211.0		17.9		228.9
APAC	424.1		300.8		724.9
Topic 606 Segment Revenue	2,888.0		1,815.6		4,703.6
Non-Topic 606 Revenue (Leasing: Sales-type and Operating)	20.1		9.0		29.1
Total	$	2,908.1	$	1,824.6	$	4,732.7

⁽¹⁾

Amounts by geography has been reclassified from prior year disclosure to reflect adjustments to our regional operating model. As of January 1, 2019, our geographic regions are: North America, EMEA, South America and APAC. Our North American operations include Canada, the United States, Mexico and Central America. Mexico and Central America were previously included in Latin America. Refer to Note 2, "Summary of Significant Accounting Policies and Recently Issued Accounting Standards," of the Notes to Consolidated Financial Statements.

Contract Asset and Liabilities From Contracts with Customers

The opening and closing balances of contract liabilities arising from contracts with customers as of December 31, 2019 were as follows:



(In millions)	December 31, 2019		December 31, 2018
Contract liabilities	$	16.7	$	10.4

Summary of Estimated Transaction Price Allocated to Performance Obligations or Portions of Performance Obligations Not Yet Satisfied

The following table summarizes the estimated transaction price from contracts with customers allocated to performance obligations or portions of performance obligations that have not yet been satisfied as of December 31, 2019, as well as the expected timing of recognition of that transaction price.



(In millions)	Short-Term⁽¹⁾ (12 months or less)		Long-Term		Total
Total transaction price	$	6.2	$	10.5	$	16.7

⁽¹⁾ Our enforceable contractual obligations tend to be short term in nature. The table above does not include the transaction price of any remaining performance obligations that are part of the contracts with expected durations of less than one year.