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Segments (Tables)
 12 Months Ended
Dec. 31, 2022
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)202220212020
Net sales   
Food$3,317.2 $3,112.8 $2,825.5 
As a % of Consolidated net sales58.8 %56.3 %57.6 %
Protective2,324.7 2,421.0 2,077.7 
As a % of Consolidated net sales41.2 %43.7 %42.4 %
Consolidated Net sales$5,641.9 $5,533.8 $4,903.2 
Year Ended December 31,
(In millions)202220212020
Segment Adjusted EBITDA   
Food$755.1 $688.4 $647.5 
Food Adjusted EBITDA Margin22.8 %22.1 %22.9 %
Protective465.6 446.2 408.0 
Protective Adjusted EBITDA Margin20.0 %18.4 %19.6 %
Total Segment Adjusted EBITDA$1,220.7 $1,134.6 $1,055.5 
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)202220212020
Food Adjusted EBITDA$755.1 $688.4 $647.5 
Protective Adjusted EBITDA465.6 446.2 408.0 
Corporate Adjusted EBITDA(10.5)(3.0)(4.4)
Interest expense, net(162.3)(167.8)(174.4)
Depreciation and amortization(1)
(236.8)(232.2)(216.5)
Special Items:
Restructuring charges(2)
(12.1)(14.5)(11.0)
Other restructuring associated costs(3)
(9.3)(16.5)(19.5)
Foreign currency exchange loss due to highly inflationary economies
(8.8)(3.6)(4.7)
Loss on debt redemption and refinancing activities
(11.2)(18.6)— 
Impairment (loss)/fair value gain on equity investments, net(30.6)6.6 15.1 
Impairment of debt investment— (8.0)— 
Charges related to acquisition and divestiture activity
(3.1)(2.6)(7.1)
Gain on sale of Reflectix— 45.3 — 
Other Special Items(4)
(6.7)(3.5)(6.8)
Pre-tax impact of Special Items(81.8)(15.4)(34.0)
Earnings before income tax provision$729.3 $716.2 $626.2 
 
      
(1)    Depreciation and amortization by segment were as follows:
 Year Ended December 31,
(In millions)202220212020
Food$137.1 $129.1 $122.2 
Protective99.7 103.1 94.3 
Total Company depreciation and amortization(i)
236.8 232.2 216.5 
(i)Includes share-based incentive compensation of $52.3 million in 2022, $45.8 million in 2021 and $42.3 million in 2020.
(2)    Restructuring charges by segment were as follows:
 Year Ended December 31,
(In millions)202220212020
Food$8.3 $7.2 $3.2 
Protective3.8 7.3 7.8 
Total Company restructuring charges$12.1 $14.5 $11.0 
 
       
(3)    Other restructuring associated costs for the year ended December 31, 2022, primarily relate to fees paid to third-party consultants in support of our Reinvent SEE business transformation and site consolidation costs. 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 CTA loss recognized due to the wind-up of one of our legal entities.
(4)    Other Special Items for the years ended December 31, 2022, 2021 and 2020, 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. For the year ended December 31, 2022, these fees were partially offset by a one-time gain on the disposal of land in the UK.
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)20222021
Assets allocated to segments:  
Food$2,342.6 $2,169.0 
Protective2,795.7 2,844.3 
Total segments$5,138.3 $5,013.3 
Assets not allocated:
Cash and cash equivalents 456.1 561.0 
Non-current assets held for sale— 1.5 
Income tax receivables40.3 28.8 
Other receivables104.2 83.7 
Deferred taxes141.5 138.4 
Other334.3 402.6 
Total$6,214.7 $6,229.3 
Geographic Information
Geographic Information 
The following table shows net sales and total long-lived assets allocated by geography. Sales are attributed to the country/region in which they originate.
 Year Ended December 31,
(In millions)202220212020
Net sales(1):
   
Americas(1)
$3,718.5 $3,522.3 $3,135.6 
EMEA1,160.0 1,200.0 1,031.6 
APAC763.4 811.5 736.0 
Total$5,641.9 $5,533.8 $4,903.2 
Total long-lived assets(2):
Americas(2)
$1,052.1 $1,047.8  
EMEA375.0 404.2  
APAC216.4 225.8  
Total$1,643.5 $1,677.8  
 
    
(1)U.S. net sales were $3,073.0 million, $2,925.4 million and $2,607.3 million for the years ended December 31, 2022, 2021 and 2020, respectively. No non-U.S. country accounted for net sales in excess of 10% of consolidated net sales for the years ended December 31, 2022, 2021 or 2020. Sales are allocated to the country/region based on where each sale originated.
(2)Total long-lived assets represent total assets excluding total current assets, deferred tax assets, goodwill, and intangible assets. Total long-lived assets in the U.S. were $977.0 million and $970.4 million at December 31, 2022 and 2021, respectively. No non-U.S. country had long-lived assets in excess of 10% of consolidated long-lived assets at December 31, 2022 or 2021.