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Segments (Tables)
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Net Sales and Adjusted EBITDA of Reportable Segments The following tables show Net Sales and Adjusted EBITDA by reportable segment: 
 Year Ended December 31,
(In millions)202020192018
Net Sales   
Food$2,825.5 $2,880.5 $2,908.1 
As a % of Total Company net sales57.6 %60.1 %61.4 %
Protective2,077.7 1,910.6 1,824.6 
As a % of Total Company net sales42.4 %39.9 %38.6 %
Total Company Net Sales$4,903.2 $4,791.1 $4,732.7 
Year Ended December 31,
(In millions)202020192018
Adjusted EBITDA from continuing operations   
Food$647.5 $629.3 $577.8 
Adjusted EBITDA Margin22.9 %21.8 %19.9 %
Protective408.0 349.9 318.6 
Adjusted EBITDA Margin19.6 %18.3 %17.5 %
Corporate(4.4)(14.4)(6.9)
Total Company Adjusted EBITDA from continuing operations
$1,051.1 $964.8 $889.5 
Adjusted EBITDA Margin21.4 %20.1 %18.8 %
Reconciliation of Non-U.S. GAAP Adjusted EBITDA to U.S. GAAP Net Earnings
The following table shows a reconciliation of net earnings before income tax provision to Total Company Adjusted EBITDA from continuing operations:
 
 Year Ended December 31,
(In millions)202020192018
Earnings before income tax provision$626.2 $370.3 $457.8 
Interest expense, net174.4 184.1 177.9 
Depreciation and amortization, net of adjustments(1)
216.5 184.5 159.0 
Special Items:
Restructuring charges(2)
11.0 41.9 47.8 
Other restructuring associated costs(3)
19.5 60.3 15.8 
Foreign currency exchange loss due to highly inflationary economies
4.7 4.6 2.5 
Loss on debt redemption and refinancing activities
— 16.1 1.9 
Increase in fair value of equity investment(15.1)— — 
Charges related to acquisition and divestiture activity
7.1 14.9 34.2 
Charges related to the Novipax settlement agreement
— 59.0 — 
Gain from class-action litigation settlement
— — (14.9)
Other Special Items(4)
6.8 29.1 7.5 
Pre-tax impact of Special Items34.0 225.9 94.8 
Total Company Adjusted EBITDA from continuing operations$1,051.1 $964.8 $889.5 
 
      
(1)    Depreciation and amortization by segment were as follows:
 Year Ended December 31,
(In millions)202020192018
Food$122.2 $110.3 $105.4 
Protective94.3 75.0 56.0 
Total Company depreciation and amortization(i)
216.5 185.3 161.4 
Depreciation and amortization adjustments(ii)
— (0.8)(2.4)
Depreciation and amortization, net of adjustments$216.5 $184.5 $159.0 
(i)Includes share-based incentive compensation of $42.3 million in 2020, $34.4 million in 2019 and $29.9 million in 2018.
(ii)Represents depreciation and amortization which is considered to be related to a Special Item and is also included in the Special Items presented in the above table.
(2)    Restructuring and other charges by segment were as follows:
 Year Ended December 31,
(In millions)202020192018
Food$3.2 $23.5 $17.7 
Protective7.8 18.4 30.1 
Total Company restructuring charges$11.0 $41.9 $47.8 
 
       
(3)    Other restructuring associated costs for the year ended December 31, 2020, primarily relate to fees paid to third-party consultants in support of our Reinvent SEE business transformation. Other restructuring associated costs for the year ended December 31, 2019, primarily relate to fees paid to third-party consultants in support of Reinvent SEE and costs related to property consolidations resulting from Reinvent SEE.
(4)    Other Special Items for the years ended December 31, 2020, 2019 and 2018, primarily included fees related to professional services, including legal fees, directly associated with Special Items of events that are considered one-time or infrequent in nature.
Assets Allocated 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.
 December 31,
(In millions)20202019
Assets allocated to segments:  
Food$2,019.1 $1,997.8 
Protective2,795.4 2,762.9 
Total segments$4,814.5 $4,760.7 
Assets not allocated:
Cash and cash equivalents 548.7 262.4 
Assets held for sale0.3 2.8 
Income tax receivables71.2 32.8 
Other receivables69.5 80.3 
Deferred taxes187.1 238.6 
Other392.5 387.6 
Total$6,083.8 $5,765.2 
Geographic Information
Geographic Information 
The following table shows net sales and total long-lived assets allocated by geography. Sales are attributed to the country/geography in which they originate.
 Year Ended December 31,
(In millions)202020192018
Net sales(1):
   
North America(1)
$2,928.1 $2,828.1 $2,734.9 
EMEA1,031.6 1,010.4 1,038.5 
APAC736.0 718.8 729.8 
South America207.5 233.8 229.5 
Total$4,903.2 $4,791.1 $4,732.7 
Total long-lived assets(2)(3):
North America(2)
$948.4 $919.3  
EMEA386.0 345.8  
APAC247.4 248.3  
South America39.8 50.2  
Total
$1,621.6 $1,563.6  
 
    
(1)Net sales to external customers within the U.S. were $2,607.3 million, $2,501.6 million and $2,402.3 million for the years ended December 31, 2020, 2019 and 2018, respectively. No non-U.S. country accounted for net sales in excess of 10% of consolidated net sales for the years ended December 31, 2020, 2019 or 2018.
(2)Total long-lived assets in the U.S. were $921.4 million and $893.8 million at December 31, 2020 and 2019, respectively. No non-U.S. country had long-lived assets in excess of 10% of consolidated long-lived assets at December 31, 2020 or 2019.
(3)Total long-lived assets represent total assets excluding total current assets, deferred tax assets, goodwill, and intangible assets