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Stockholders' Equity (Deficit) (Tables)
 12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Summary of Cash Dividends Paid
The following table shows our total cash dividends paid in the years ended December 31:
(In millions, except per share amounts)Total Cash
Dividends Paid		Total Cash Dividends Paid per Common Share
2018$102.9 $0.64 
201999.1 0.64 
2020100.3 0.64 
Summary of Changes in Common Stock and Common Stock in Treasury
The following is a summary of changes during the years ended December 31, in shares of our common stock and common stock in treasury:
 202020192018
Changes in common stock:   
Number of shares, beginning of year231,622,535 231,619,037 230,080,944 
Restricted stock shares issued for new awards— 1,478 569,960 
Restricted stock shares, forfeited(15,271)(110,984)(86,518)
Shares issued for vested restricted stock units315,902 164,347 151,280 
Shares issued as part of acquisition— — 20,000 
Shares issued for 2014 Special Performance Stock Units (PSU) Awards— — 658,783 
Shares issued for 2015 Three-Year PSU Awards— — 129,139 
Shares issued for 2017 Three-Year PSU Awards133,752 — — 
Shares issued for Stock Leverage Opportunity Awards (SLO)
8,471 6,321 109,841 
Shares granted and issued under the Omnibus Incentive Plan and Directors Stock Plan to Directors
42,911 123,824 10,841 
Canceled shares for tax netting(1)
(150,217)(181,488)— 
Other activity— — (25,233)
Number of shares issued, end of year231,958,083 231,622,535 231,619,037 
Changes in common stock in treasury:   
Number of shares held, beginning of year77,109,722 75,964,667 61,485,423 
Repurchase of common stock(2)
782,156 1,632,163 14,826,924 
Profit sharing contribution paid in stock(823,567)(487,108)(538,524)
Shares withheld for taxes(1)
— — 190,844 
Number of shares held, end of year(2)
77,068,311 77,109,722 75,964,667 
Number of common stock outstanding, end of year(2)
154,889,772 154,512,813 155,654,370 
 
 
       
(1)Effective January 1, 2019, new share issuances for vested awards are netted by the number of shares required to cover the recipients' portion of income tax. The portion withheld for taxes are canceled. Prior to January 1, 2019, the shares required to cover the recipients' portion of income tax were issued and recorded to treasury stock. Shares netted for taxes in 2020 and 2019 primarily relates to vesting activity for restricted stock shares issued in prior years.
(2)Repurchase of common stock for the year ended December 31, 2020, as shown above, excludes 74,281 shares of common stock that had been repurchased by the Company but were not yet settled or not yet reflected by the Recordkeeper as of December 31, 2020. The table above and our Consolidated Balance Sheets reflect the number of shares held in treasury per our Recordkeeper.
Summary of Changes in Common Shares Available for Awards under Omnibus Plan and Predecessor Plans
A summary of the changes in common shares available for awards under the Omnibus Incentive Plan and Predecessor Plans follows:
202020192018
Number of shares available, beginning of year4,048,509 4,489,347 3,668,954 
Newly approved Shares under Omnibus Incentive Plan— — 2,199,114 
Restricted stock shares issued for new awards— — (571,438)
Restricted stock shares forfeited15,271 105,960 91,542 
Restricted stock units awarded(1,014,667)(819,808)(219,923)
Restricted stock units forfeited105,832 96,534 64,122 
Shares issued for 2014 Special PSU Awards— — (658,783)
Shares issued for 2015 Three-Year PSU Awards— — (129,139)
Shares issued for 2017 Three-Year PSU Awards(133,752)— — 
Restricted stock units awarded for SLO Awards(73,731)(46,195)(23,478)
SLO units forfeited— 1,580 817 
Director shares granted and issued(20,835)(22,015)(10,560)
Director units granted and deferred(1)
(22,826)(6,262)(16,505)
Shares withheld for taxes(2)
279,509 249,368 94,624 
Number of shares available, end of year(3)
3,183,310 4,048,509 4,489,347 
 
       
(1)Director units granted and deferred include the impact of share-settled dividends earned and deferred on deferred shares.
(2)The Omnibus Incentive Plan and 2005 Contingent Stock Plan permit withholding of taxes and other charges that may be required by law to be paid attributable to awards by withholding a portion of the shares attributable to such awards.
(3)The above table excludes approximately 1.3 million contingently issuable shares under the PSU awards and SLO awards, which represents the maximum number of shares that could be issued under those awards as of December 31, 2020.
Summarizes the Company's Pre-tax Share-based Incentive Compensation Expense and Income Tax Benefit
The following table summarizes the Company’s pre-tax share-based incentive compensation expense and related income tax benefit for the years ended December 31, 2020, 2019 and 2018 related to the Company’s PSU awards, SLO awards and restricted stock awards.
(In millions)202020192018
2020 Three-year PSU Awards$5.3 $— $— 
2019 Three-year PSU Awards3.5 4.3 — 
2018 Three-year PSU Awards1.9 0.2 2.7 
2017 Three-year PSU Awards(1)
— — 3.7 
2017 COO and Chief Executive Officer-Designate New Hire Equity Awards(2)
0.2 0.2 0.2 
2016 Three-year PSU Awards(1)
— — (3.0)
SLO Awards2.2 3.2 1.6 
Other long-term share-based incentive compensation programs(3)(4)
29.2 26.5 24.7 
Total share-based incentive compensation expense(5)
$42.3 $34.4 $29.9 
Associated tax benefits recognized$7.1 $5.8 $4.9 
 
(1)    On May 18, 2017, the Organization and Compensation Committee of our Board of Directors (“O&C Committee”) approved a change in the vesting policy regarding the existing 2017 Three-year PSU Awards and 2016 Three-year PSU Awards for Ilham Kadri. The approved change resulted in a pro-rata share of vesting calculated on the close date of the sale of Diversey. Dr. Kadri’s awards were still subject to the performance metrics stipulated in the plan documents and paid out in accordance with the original planned timing.
(2)    For the year ended December 31, 2020, this amount includes expense associated with award modifications as described under the section titled “Chief Operating Officer (COO) and Chief Executive Officer-Designate 2017 New Hire Equity Awards and 2020 Award Modifications.”
(3)    The amount includes the expenses associated with the restricted stock awards consisting of restricted stock shares, restricted stock units and cash-settled restricted stock unit awards.
(4)    In December 2018, the Equity Award Committee approved a change in the vesting condition for certain individuals who would be leaving the Company under a restructuring phase of our Reinvent SEE business transformation. For these modifications, we recorded the cumulative expense of the higher fair value of the impacted awards at modification approval.
(5)    The amounts do not include the expense related to our U.S. profit sharing contributions made in the form of our common stock as these contributions are not considered share-based incentive compensation.
Schedule of Unvested Restricted Stock and Restricted Stock Unit The following table summarizes activity for unvested restricted stock and restricted stock units for 2020:
 Restricted stock sharesRestricted stock units
 SharesWeighted-Average per Share Fair Value on Grant DateAggregate
Intrinsic
Value (in millions)		SharesWeighted-Average per Share Fair Value on Grant DateAggregate
Intrinsic
Value (in millions)
Non-vested at December 31, 2019583,955 $45.51  1,055,659 $44.11  
Granted— —  1,014,667 31.01  
Vested(434,636)45.99 $20.0 (486,059)44.59 $21.7 
Forfeited or expired(15,271)44.24  (105,832)38.16  
Non-vested at December 31, 2020134,048 $44.11  1,478,435 $35.39  
Schedule of Fair Value of Vested Restricted Stock A summary of the Company’s fair values of its vested restricted stock shares and restricted stock units are shown in the following table: 
(In millions)202020192018
Fair value of restricted stock shares vested$13.2 $23.7 $13.5 
Fair value of restricted stock units vested$15.6 $10.1 $6.9 
Schedule of Unrecognized Compensation Cost A summary of the Company’s unrecognized compensation cost and weighted average periods over which the compensation cost is expected to be recognized for its non-vested restricted stock shares and restricted stock units are shown in the following table:
(In millions)Unrecognized Compensation CostsWeighted Average to be recognized (in years)
Restricted Stock shares$1.2 0.2
Restricted Stock units$34.3 1.0
A summary of the Company’s unrecognized compensation cost for three-year PSU awards at the current estimated earned payout based on the probable outcome of the performance condition and weighted average periods over which the compensation cost is expected to be recognized as shown in the following table: 
(In millions)Unrecognized Compensation CostsWeighted Average to be recognized (in years)
2020 Three-year PSU Awards$5.9 2
2019 Three-year PSU Awards3.0 1
2018 Three-year PSU Awards— 0
Summary of Assumptions Used to Calculate the Grant Date Fair Value Based on Total Shareholder Return
The number of PSUs granted based on Relative TSR and the assumptions used to calculate the grant date fair value are shown in the following table:
 Number of units grantedFair value on grant dateExpected price volatilityRisk-free interest rate
2020:
March 1, 2020 grant date31,064 $29.85 23.70 %0.90 %
February 13, 2020 grant date44,206 $34.08 23.70 %1.40 %
February 12, 2020 grant date33,335 $38.87 23.70 %1.40 %
2019:
July 11, 2019 grant date20,724 $55.82 23.00 %1.86 %
February 14, 2019 grant date24,905 $57.34 22.80 %2.51 %
February 13, 2019 grant date24,914 $59.15 22.80 %2.55 %
2018:
February 13, 2018 grant date56,829 $43.40 22.00 %2.00 %
Number of Performance Stock Units Granted Based on Adjusted EBITDA Margin The number of PSUs granted based on Adjusted EBITDA margin and the grant date fair value are shown in the following table:
 Number of units grantedFair value on grant date
2019:
July 11, 2019 grant date25,997 $43.22 
February 14, 2019 grant date32,922 $42.10 
February 13, 2019 grant date33,885 $42.21 
2018:
February 13, 2018 grant date57,378 $41.72 
Number of Performance Stock Units Granted Based On Net Trade Sales Growth and Grant Date Fair Value
The number of PSUs granted based on Net Trade Sales Growth CAGR and the grant date fair value are shown in the following table:
 Number of units grantedFair value on grant date
2018:
February 13, 2018 grant date57,378 $41.72 
Number Of Performance Stock Units Granted Based On Return on Investment Capital And Grant Date Fair Value
The number of PSUs granted based on ROIC and the grant date fair value are shown in the following table:
 Number of units grantedFair value on grant date
2020:
March 1, 2020 grant date29,690 $30.31 
February 13, 2020 grant date42,507 $34.40 
February 12, 2020 grant date35,068 $35.86 
2019:
July 11, 2019 grant date25,997 $43.22 
February 14, 2019 grant date32,922 $42.10 
February 13, 2019 grant date33,885 $42.21 
Summary of Number of PSUs Granted Based on Adjusted EBITDA and Grant Date Fair Value
The number of PSUs granted based on Adjusted EBITDA CAGR and the grant date fair value are shown in the following table:
 Number of units grantedFair value on grant date
2020:
March 1, 2020 grant date29,690 $30.31 
February 13, 2020 grant date42,507 $34.40 
February 12, 2020 grant date35,068 $35.86 
Summary of Estimated Earned Payout
The following table includes additional information related to estimated earned payout based on the probable outcome of the performance conditions and market condition as of December 31, 2020:
 Estimated Payout %
 Return on Invested CapitalNet Trade Sales CAGRAdjusted EBITDA MarginAdjusted EBITDA CAGR
Relative TSR(1)
Combined
2020 Three-year PSU Awards100 %N/AN/A100 %63 %87 %
2019 Three-year PSU Awards 150 %N/A60 %N/A63 %91 %
2018 Three-year PSU Awards N/A— %121 %N/A44 %55 %
(1)    Relative Total Shareholder Return is a market-based condition. Accordingly, we make no assumptions related to future performance. The percentages above represent actual rankings as of December 31, 2020. Any portion of outstanding awards based on the achievement of market-based conditions are accrued at 100% of fair value over the performance period in accordance with ASC 718.
Summary of Activity for Outstanding Three-year PSU Awards
The following table summarizes activity for outstanding three-year PSU awards for 2020: 
 SharesAggregate Intrinsic Value
(in millions)
Outstanding at December 31, 2019629,504  
Granted(1)
323,135  
Converted(216,581)$9.8 
Forfeited or expired(38,971) 
Outstanding at December 31, 2020697,087  
Fully vested at December 31, 2020209,631 $8.9 
 
       
(1)This represents the target number of performance units granted. Actual number of PSUs earned, if any, is dependent upon performance and may range from 0% to 200% percent of the target.
Summary of Activity for Non-Vested PSUs Awards
The following table summarizes activity for non-vested three-year PSU awards for 2020:
 SharesWeighted-Average per Share Fair Value on Grant Date
Non-vested at December 31, 2019370,703 $45.08 
Granted323,135 36.33 
Vested(189,445)42.07 
Forfeited or expired(16,937)42.64 
Non-vested at December 31, 2020487,456 $40.41 
Summary of Fair Value for Vested PSU Awards A summary of the Company’s fair value for its vested three-year PSU awards is shown in the following table: 
(In millions)202020192018
Fair value of three-year PSU awards vested$9.6 $10.3 $14.9 
Summary of Assumptions Used to Calculate Grant Date Fair Value The assumptions used to calculate the grant date fair value of the performance-vesting award are shown in the following table:
 2020 Performance-Vesting Award
Fair value on grant date$12.67 
Expected price volatility38.5 %
Risk-free interest rate0.2 %