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Goodwill and Identifiable Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill Balances by Segment Reporting Structure
The following table shows our goodwill balances by reportable segment: 
(In millions)
 
Food Care
 
Product Care
 
Total
Gross Carrying Value at December 31, 2017
 
$
576.5

 
$
1,554.1

 
$
2,130.6

Accumulated impairment
 
(49.6
)
 
(141.2
)
 
(190.8
)
Carrying Value at December 31, 2017
 
$
526.9

 
$
1,412.9

 
$
1,939.8

Acquisition, purchase price and other adjustments
 
(0.6
)
 
18.2

 
17.6

Currency translation
 
(6.6
)
 
(3.2
)
 
(9.8
)
Gross Carrying Value at December 31, 2018
 
$
568.9

 
$
1,568.9

 
$
2,137.8

Accumulated impairment
 
(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

 
257.0

 
263.3

Currency translation
 
2.0

 
4.1

 
6.1

Gross Carrying Value at December 31, 2019
 
$
577.2

 
$
1,830.0

 
$
2,407.2

Accumulated impairment
 
(49.3
)
 
(141.0
)
 
(190.3
)
Carrying Value at December 31, 2019
 
$
527.9

 
$
1,689.0

 
$
2,216.9


Summary of Identifiable Intangible Assets with Definite and Indefinite Useful Lives
The following tables summarize our identifiable intangible assets, net with definite and indefinite useful lives: 
 
 
December 31, 2019
 
December 31, 2018
(In millions)
 
Gross
Carrying
Value
 
Accumulated
Amortization
 
Net (1)
 
Gross
Carrying
Value
 
Accumulated
Amortization
 
Net
Customer relationships
 
$
102.0

 
$
(30.5
)
 
$
71.5

 
$
72.4

 
$
(22.3
)
 
$
50.1

Trademarks and tradenames
 
31.1

 
(4.3
)
 
26.8

 
15.1

 
(1.6
)
 
13.5

Software
 
95.3

 
(62.8
)
 
32.5

 
62.2

 
(49.8
)
 
12.4

Technology
 
66.8

 
(27.2
)
 
39.6

 
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
 
308.4

 
(135.2
)
 
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
 
$
317.3

 
$
(135.2
)
 
$
182.1

 
$
209.0

 
$
(107.3
)
 
$
101.7


 
       
(1) 
As of December 31, 2019, intangible assets increased due to the Automated acquisition. See Note 5, "Discontinued Operations, Divestitures and Acquisitions," to the Notes to Consolidated Financial Statements for additional information related to the Automated acquisition.
Remaining Estimated Future Amortization Expense
The following table shows the estimated future amortization expense at December 31, 2019
Year
 
Amount
(in millions)
2020
 
$
33.6

2021
 
26.3

2022
 
20.0

2023
 
14.7

2024
 
14.2

Thereafter
 
64.4

Total
 
$
173.2

Remaining Weighted Average Useful Life of Definite Lived Intangible Assets
The following table shows the remaining weighted average useful life of our definite lived intangible assets as of December 31, 2019
 
Remaining weighted average useful lives
Customer relationships
12.6
Trademarks and trade names
9.5
Technology
4.9
Contracts
7.3
Total identifiable intangible assets, net with definite lives
8.8