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Segments (Tables)
 3 Months Ended
Mar. 31, 2022
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)20222021
Net sales:  
Food$807.7 $702.2 
As a % of Consolidated net sales57.0 %55.4 %
Protective609.9 564.9 
As a % of Consolidated net sales43.0 %44.6 %
Consolidated Net sales$1,417.6 $1,267.1 
 
 Three Months Ended
March 31,
(In millions)20222021
Segment Adjusted EBITDA:  
Food$200.4 $156.9 
Adjusted EBITDA Margin24.8 %22.3 %
Protective127.4 109.9 
Adjusted EBITDA Margin20.9 %19.5 %
Total Segment Adjusted EBITDA$327.8 $266.8 
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)20222021
Food Adjusted EBITDA$200.4 $156.9 
Protective Adjusted EBITDA127.4 109.9 
Corporate Adjusted EBITDA(0.9)1.4 
Interest expense, net(38.9)(43.1)
Depreciation and amortization(1)
(63.2)(56.9)
Special Items:
Restructuring charges(2)
(0.5)— 
Other restructuring associated costs(3)
(3.1)(5.3)
Foreign currency exchange loss due to highly inflationary economies(1.0)(1.4)
Loss on debt redemption and refinancing activities(0.7)— 
Impairment of equity investment(15.5)— 
Charges related to acquisition and divestiture activity0.9 (0.3)
Other Special Items(4)
4.1 (0.8)
Pre-tax impact of Special Items(15.8)(7.8)
Earnings before income tax provision$209.0 $160.4 
(1)Depreciation and amortization by segment were as follows:

Three Months Ended
March 31,
(In millions)20222021
Food$36.5 $31.7 
Protective26.7 25.2 
Total Company depreciation and amortization(i)
$63.2 $56.9 
(i)    Includes share-based incentive compensation of $17.9 million and $11.5 million for the three months ended March 31, 2022 and 2021, respectively.

(2)Restructuring charges by segment were as follows:
Three Months Ended
March 31,
(In millions)20222021
Food$0.6 $(0.2)
Protective(0.1)0.2 
Total Company restructuring charges$0.5 $— 
(3)Restructuring associated costs for the three months ended March 31, 2022 primarily relate to fees paid to third-party consultants in support of the Reinvent SEE business transformation. 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.
(4)Other Special Items for the three months ended March 31, 2022 primarily relate to a one-time gain on the disposal of land in the United Kingdom (UK).
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, 2022December 31, 2021
Assets allocated to segments:  
Food$2,309.8 $2,169.0 
Protective2,901.8 2,844.3 
Total segments5,211.6 5,013.3 
Assets not allocated:
Cash and cash equivalents$278.2 $561.0 
Non-current assets held for sale— 1.5 
Income tax receivables17.1 28.8 
Other receivables80.8 83.7 
Deferred taxes138.2 138.4 
Other391.1 402.6 
Total$6,117.0 $6,229.3