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Acquisition and Divestiture Activity (Tables)
 12 Months Ended
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Summary of Consideration Transferred and Purchase Price Allocation of Assets Acquired and Liabilities Assumed
The following table summarizes the consideration transferred to acquire Automated Packaging Systems and the allocation of the purchase price among the assets acquired and liabilities assumed, including measurement period adjustments recorded through the finalized purchase price allocation on August 1, 2020.
Revised Preliminary AllocationMeasurement PeriodFinal Allocation
(In millions)As of August 1, 2019AdjustmentsAs of September 30, 2020
Total consideration transferred$445.7 $(4.3)$441.4 
Assets:
Cash and cash equivalents16.0 (0.2)15.8 
Trade receivables, net37.3 — 37.3 
Other receivables0.3 — 0.3 
Inventories, net40.7 (0.7)40.0 
Prepaid expenses and other current assets2.3 — 2.3 
Property and equipment, net76.9 8.7 85.6 
Identifiable intangible assets, net81.1 (0.6)80.5 
Goodwill261.3 (14.6)246.7 
Operating lease right-of-use-assets— 4.3 4.3 
Other non-current assets24.7 1.1 25.8 
Total assets$540.6 $(2.0)$538.6 
Liabilities:
Accounts payable12.0 — 12.0 
Current portion of long-term debt2.6 (0.5)2.1 
Current portion of operating lease liabilities— 1.5 1.5 
Other current liabilities56.2 (3.3)52.9 
Long-term debt, less current portion4.3 (0.3)4.0 
Long-term operating lease liabilities, less current portion— 2.8 2.8 
Deferred taxes— 0.5 0.5 
Other non-current liabilities19.8 1.6 21.4 
Total liabilities$94.9 $2.3 $97.2 
Summary of Identifiable intangible Assets, Net and Their Useful Life
The following table summarizes the identifiable intangible assets, net and their useful lives.
AmountUseful life
(In millions) (In years)
Customer relationships$28.9 13.0
Trademarks and tradenames15.6 9.1
Capitalized software2.4 3.0
Technology29.6 6.4
Backlog4.0 0.4
Total intangible assets with definite lives
$80.5