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Segments (Tables)
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Net Sales and Adjusted EBITDA by Reportable Segments The following tables show Net Sales and Segment Adjusted EBITDA by reportable segment:
Three Months Ended
March 31,
(In millions)20212020
Net Sales:  
Food$702.2 $690.3 
As a % of Total Company net sales55.4 %58.8 %
Protective564.9 483.6 
As a % of Total Company net sales44.6 %41.2 %
Total Company Net Sales$1,267.1 $1,173.9 
 
 Three Months Ended
March 31,
(In millions)20212020
Segment Adjusted EBITDA:  
Food Adjusted EBITDA$156.9 $156.3 
Food Adjusted EBITDA Margin22.3 %22.6 %
Protective Adjusted EBITDA109.9 92.8 
Protective Adjusted EBITDA Margin19.5 %19.2 %
Segment Adjusted EBITDA$266.8 $249.1 
Reconciliation of Net Earning (Loss) to Total Company Adjusted EBITDA
The following table shows a reconciliation of Segment Adjusted EBITDA to Earnings before income tax provision:
Three Months Ended
March 31,
(In millions)20212020
Food Adjusted EBITDA$156.9 $156.3 
Protective Adjusted EBITDA109.9 92.8 
Corporate Adjusted EBITDA1.4 4.1 
Interest expense, net(43.1)(44.4)
Depreciation and amortization(1)
(56.9)(51.5)
Special Items:
Restructuring charges(2)
— (0.6)
Other restructuring associated costs(3)
(5.3)(4.0)
Foreign currency exchange loss due to highly inflationary economies(1.4)(0.9)
Charges related to acquisition and divestiture activity(0.3)(2.9)
Other Special Items(0.8)(1.7)
Pre-tax impact of Special Items(7.8)(10.1)
Earnings before income tax provision$160.4 $147.2 

(1)Depreciation and amortization by segment were as follows:
Three Months Ended
March 31,
(In millions)20212020
Food$31.7 $29.0 
Protective25.2 22.5 
Total Company depreciation and amortization(i)
$56.9 $51.5 

(i)    Includes share-based incentive compensation of $11.5 million and $8.5 million for the three months ended March 31, 2021 and 2020, respectively.

(2)Restructuring charges by segment were as follows:
Three Months Ended
March 31,
(In millions)20212020
Food$(0.2)$0.3 
Protective0.2 0.3 
Total Company restructuring charges$— $0.6 
(3)Other restructuring associated costs for the three months ended March 31, 2021, primarily relate to a one-time, non-cash cumulative translation adjustment (CTA) loss recognized due to the wind-up of one of our legal entities as well as fees paid to third-party consultants in support of the Reinvent SEE business transformation. Other restructuring associated costs for the three months ended March 31, 2020, primarily relate to fees paid to third-party consultants in support of the Reinvent SEE business transformation.
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)March 31, 2021December 31, 2020
Assets allocated to segments:  
Food$2,039.3 $2,019.1 
Protective2,847.7 2,795.4 
Total segments4,887.0 4,814.5 
Assets not allocated:
Cash and cash equivalents$370.0 $548.7 
Assets held for sale— 0.3 
Income tax receivables33.5 71.2 
Other receivables72.5 69.5 
Deferred taxes172.9 187.1 
Other382.8 392.5 
Total$5,918.7 $6,083.8