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Segments (Tables)
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Net Sales and Adjusted EBITDA of Reportable Segments The following tables show Net sales and Segment Adjusted EBITDA by reportable segment: 
 Year Ended December 31,
(In millions)202120202019
Net sales   
Food$3,112.8 $2,825.5 $2,880.5 
As a % of Consolidated net sales56.3 %57.6 %60.1 %
Protective2,421.0 2,077.7 1,910.6 
As a % of Consolidated net sales43.7 %42.4 %39.9 %
Consolidated Net sales$5,533.8 $4,903.2 $4,791.1 
Year Ended December 31,
(In millions)202120202019
Segment Adjusted EBITDA   
Food$688.4 $647.5 $629.3 
Food Adjusted EBITDA Margin22.1 %22.9 %21.8 %
Protective446.2 408.0 349.9 
Protective Adjusted EBITDA Margin18.4 %19.6 %18.3 %
Total Segment Adjusted EBITDA$1,134.6 $1,055.5 $979.2 
Reconciliation of Segment Adjusted EBITDA to Earnings The following table shows a reconciliation of Segment Adjusted EBITDA to Earnings before income tax provision:
 Year Ended December 31,
(In millions)202120202019
Food Adjusted EBITDA$688.4 $647.5 $629.3 
Protective Adjusted EBITDA446.2 408.0 349.9 
Corporate Adjusted EBITDA(3.0)(4.4)(14.4)
Interest expense, net(167.8)(174.4)(184.1)
Depreciation and amortization, net of adjustments(1)
(232.2)(216.5)(184.5)
Special Items:
Restructuring charges(2)
(14.5)(11.0)(41.9)
Other restructuring associated costs(3)
(16.5)(19.5)(60.3)
Foreign currency exchange loss due to highly inflationary economies
(3.6)(4.7)(4.6)
Loss on debt redemption and refinancing activities
(18.6)— (16.1)
Increase in fair value of equity investment6.6 15.1 — 
Impairment of debt investment(8.0)— — 
Charges related to acquisition and divestiture activity
(2.6)(7.1)(14.9)
Charges related to the Novipax settlement agreement
— — (59.0)
Gain on sale of Reflectix45.3 — — 
Other Special Items(4)
(3.5)(6.8)(29.1)
Pre-tax impact of Special Items(15.4)(34.0)(225.9)
Earnings before income tax provision$716.2 $626.2 $370.3 
 
      
(1)    Depreciation and amortization by segment were as follows:
 Year Ended December 31,
(In millions)202120202019
Food$129.1 $122.2 $110.3 
Protective103.1 94.3 75.0 
Total Company depreciation and amortization(i)
232.2 216.5 185.3 
Depreciation and amortization adjustments(ii)
— — (0.8)
Depreciation and amortization, net of adjustments$232.2 $216.5 $184.5 
(i)Includes share-based incentive compensation of $45.8 million in 2021, $42.3 million in 2020 and $34.4 million in 2019.
(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 charges by segment were as follows:
 Year Ended December 31,
(In millions)202120202019
Food$7.2 $3.2 $23.5 
Protective7.3 7.8 18.4 
Total Company restructuring charges$14.5 $11.0 $41.9 
 
       
(3)    Other restructuring associated costs for the year ended December 31, 2021, primarily relate to fees paid to third-party consultants in support of our Reinvent SEE business transformation, including a one-time, non-cash cumulative translation adjustment (CTA) loss recognized due to the wind-up of one of our legal entities. 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.
(4)    Other Special Items for the years ended December 31, 2021, 2020 and 2019, 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)20212020
Assets allocated to segments:  
Food$2,169.0 $2,019.1 
Protective2,844.3 2,795.4 
Total segments$5,013.3 $4,814.5 
Assets not allocated:
Cash and cash equivalents 561.0 548.7 
Assets held for sale(1)
1.5 0.3 
Income tax receivables28.8 71.2 
Other receivables83.7 69.5 
Deferred taxes138.4 187.1 
Other402.6 392.5 
Total$6,229.3 $6,083.8 
(1)Includes current and non-current assets held for sale.
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)202120202019
Net sales(1):
   
Americas(1)(2)
$3,522.3 $3,135.6 $3,061.9 
EMEA1,200.0 1,031.6 1,010.4 
APAC811.5 736.0 718.8 
Total$5,533.8 $4,903.2 $4,791.1 
Total long-lived assets(3)(4):
Americas(2)(3)
$1,047.8 $988.2  
EMEA404.2 386.0  
APAC225.8 247.4  
Total$1,677.8 $1,621.6  
 
    
(1)U.S. net sales were $2,925.4 million, $2,607.3 million and $2,501.6 million for the years ended December 31, 2021, 2020 and 2019, respectively. No non-U.S. country accounted for net sales in excess of 10% of consolidated net sales for the years ended December 31, 2021, 2020 or 2019. Sales are allocated to the country/region based on where each sale originated.
(2)As of January 1, 2021, we consolidated the reporting of the North America and South America geographic regions, which are now collectively presented as Americas. No changes were made to EMEA or APAC. This change has no impact on our prior period consolidated results and is only the aggregation of the previously bifurcated continents. Prior periods have been retrospectively adjusted to reflect the new geographic regions.
(3)Total long-lived assets in the U.S. were $970.4 million and $921.4 million at December 31, 2021 and 2020, respectively. No non-U.S. country had long-lived assets in excess of 10% of consolidated long-lived assets at December 31, 2021 or 2020.
(4)Total long-lived assets represent total assets excluding total current assets, deferred tax assets, goodwill, and intangible assets