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Segments
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Segments Segments
The Company’s segment reporting structure consists of two reportable segments as follows and a Corporate category:
•Food; and
•Protective.
Starting in the second quarter of 2020, we renamed our reporting segments from Food Care to Food and from Product Care to Protective. This segment reporting name change aligns with our use internally and in the markets we serve. There has been no change in the composition of the segments and no impact on prior period results of our reportable segments.
The Company’s Food and Protective segments are considered reportable segments under FASB ASC Topic 280. Our reportable segments are aligned with similar groups of products. Corporate includes certain costs that are not allocated to the reportable segments. The Company evaluates performance of the reportable segments based on the results of each segment. The performance metric used by the Company's chief operating decision maker to evaluate performance of our reportable segments is Adjusted EBITDA. The Company allocates expense to each segment based on various factors including direct usage of resources, allocation of headcount, allocation of software licenses or, in cases where costs are not clearly delineated, costs may be allocated on portion of either net trade sales or an expense factor such as cost of goods sold.
We allocate and disclose depreciation and amortization expense to our segments, although depreciation and amortization are not included in the segment performance metric Adjusted EBITDA. We also allocate and disclose restructuring charges and impairment of goodwill and other intangible assets by segment, although they are not included in the segment performance metric Adjusted EBITDA since restructuring charges and impairment of goodwill and other intangible assets are categorized as Special Items. The accounting policies of the reportable segments and Corporate are the same as those applied to the Consolidated Financial Statements.
The following tables show Net Sales and Adjusted EBITDA by reportable segment:

Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2020201920202019
Net Sales:    
Food$704.6 $729.6 $2,068.1 $2,120.6 
As a % of Total Company net sales57.0 %59.9 %58.1 %60.7 %
Protective532.6 488.9 1,494.2 1,371.6 
As a % of Total Company net sales43.0 %40.1 %41.9 %39.3 %
Total Company Net Sales$1,237.2 $1,218.5 $3,562.3 $3,492.2 
 
 Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2020201920202019
Adjusted EBITDA from continuing operations    
Food$152.4 $159.6 $477.8 $458.1 
Adjusted EBITDA Margin21.6 %21.9 %23.1 %21.6 %
Protective108.7 84.0 293.0 243.0 
Adjusted EBITDA Margin20.4 %17.2 %19.6 %17.7 %
Corporate(1.8)(2.5)1.6 (7.5)
Total Company Adjusted EBITDA from continuing operations
$259.3 $241.1 $772.4 $693.6 
Adjusted EBITDA Margin21.0 %19.8 %21.7 %19.9 %
The following table shows a reconciliation of net earnings before income tax provision to Total Company Adjusted EBITDA from continuing operations:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2020201920202019
Earnings before income tax provision$149.2 $102.3 $441.3 $234.8 
Interest expense, net43.0 48.5 130.7 136.6 
Depreciation and amortization, net of adjustments(1)
56.2 53.2 161.1 131.4 
Special Items:
Restructuring charges(2)
1.0 6.9 11.7 43.6 
Other restructuring associated costs(3)
7.2 12.8 15.0 50.8 
Foreign currency exchange loss due to highly inflationary economies1.1 1.3 3.2 3.4 
Charges related to the Novipax settlement agreement— — — 59.0 
Charges related to acquisition and divestiture activity
1.0 6.0 5.1 9.2 
Other Special Items(4)
0.6 10.1 4.3 24.8 
Pre-tax impact of Special Items10.9 37.1 39.3 190.8 
Total Company Adjusted EBITDA from continuing operations
$259.3 $241.1 $772.4 $693.6 

(1)Depreciation and amortization by segment were as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2020201920202019
Food$31.7 $30.6 $90.9 $81.8 
Protective24.5 22.7 70.2 50.7 
Total Company depreciation and amortization(i)
$56.2 $53.3 $161.1 $132.5 
Depreciation and amortization adjustments— (0.1)— (1.1)
Depreciation and amortization, net of adjustments$56.2 $53.2 $161.1 $131.4 

(i)    Includes share-based incentive compensation of $12.3 million and $31.3 million for the three and nine months ended September 30, 2020, respectively, and $12.0 million and $25.2 million for the three and nine months ended September 30, 2019, respectively.

(2)Restructuring charges by segment were as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2020201920202019
Food$(1.4)$3.9 $3.8 $26.3 
Protective2.4 3.0 7.9 17.3 
Total Company restructuring charges$1.0 $6.9 $11.7 $43.6 

(3)Other restructuring associated costs for the three and nine months ended September 30, 2020 primarily relate to fees paid to third-party consultants in support of Reinvent SEE. Other restructuring associated costs for the three and nine months ended September 30, 2019 primarily relate to fees paid to third-party consultants in support of Reinvent SEE and costs associated with property consolidations and machinery and equipment relocations resulting from Reinvent SEE. See Note 13, "Restructuring Activities," to the Condensed Consolidated Financial Statements for additional information related to Reinvent SEE and our restructuring program.
(4)Other Special Items for the three and nine months ended September 30, 2019, primarily included fees related to professional services (mainly legal fees) directly associated with Special Items or events that are considered one-time or infrequent.

Assets by Reportable Segments

The following table shows assets allocated by reportable segment. Assets allocated by reportable segment include: trade receivables, net; inventory, net; property and equipment, net; goodwill; intangible assets, net; and leased systems, net.

(In millions)September 30, 2020December 31, 2019
Assets allocated to segments:  
Food$2,025.5 $1,997.8 
Protective2,790.1 2,762.9 
Total segments4,815.6 4,760.7 
Assets not allocated:
Cash and cash equivalents$316.8 $262.4 
Assets held for sale0.7 2.8 
Income tax receivables15.2 32.8 
Other receivables65.9 80.3 
Deferred taxes246.3 238.6 
Other367.7 387.6 
Total$5,828.2 $5,765.2