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Segments (Tables)
 6 Months Ended
Jun. 30, 2023
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
June 30,		Six Months Ended
June 30,
(In millions)2023202220232022
Net sales:    
Food$880.6 $805.8 $1,733.7 $1,613.5 
As a % of Consolidated net sales63.8 %56.8 %63.5 %56.9 %
Protective500.2 612.2 995.9 1,222.1 
As a % of Consolidated net sales36.2 %43.2 %36.5 %43.1 %
Consolidated Net sales$1,380.8 $1,418.0 $2,729.6 $2,835.6 
 
 Three Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2023202220232022
Segment Adjusted EBITDA:    
Food$191.0 $167.6 $385.8 $368.1 
Adjusted EBITDA Margin21.7 %20.8 %22.3 %22.8 %
Protective95.9 126.3 176.3 253.7 
Adjusted EBITDA Margin19.2 %20.6 %17.7 %20.8 %
Total Segment Adjusted EBITDA$286.9 $293.9 $562.1 $621.8 
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
June 30,		Six Months Ended
June 30,
(In millions)2023202220232022
Food Adjusted EBITDA$191.0 $167.6 $385.8 $368.1 
Protective Adjusted EBITDA95.9 126.3 176.3 253.7 
Corporate Adjusted EBITDA(6.6)(0.5)(14.5)(1.4)
Interest expense, net(68.7)(39.5)(126.5)(78.4)
Depreciation and amortization, net of adjustments(1)
(53.6)(56.4)(122.5)(119.6)
Special Items:
Liquibox intangible amortization(2)
(7.5)— (12.5)— 
Liquibox inventory step-up expense(2.4)— (10.8)— 
Restructuring charges(3)
(0.6)(3.5)0.6 (4.0)
Other restructuring associated costs(0.1)(3.8)0.1 (6.9)
Foreign currency exchange loss due to highly inflationary economies(3.1)(2.7)(5.7)(3.7)
Loss on debt redemption and refinancing activities— (10.5)(4.9)(11.2)
Impairment loss on equity investments— (16.1)— (31.6)
Charges related to acquisition and divestiture activity(4.8)0.2 (21.7)1.1 
Other Special Items(4)
(0.3)(4.0)(7.8)— 
Pre-tax impact of Special Items(18.8)(40.4)(62.7)(56.3)
Earnings before income tax provision$139.2 $157.1 $235.9 $366.1 
(1)Depreciation and amortization by segment were as follows:

Three Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2023202220232022
Food$41.0 $32.8 $87.7 $69.3 
Protective20.1 23.6 47.3 50.3 
Total Company depreciation and amortization(i)
$61.1 $56.4 $135.0 $119.6 
Liquibox intangible amortization(7.5)— (12.5)— 
Depreciation and amortization, net of adjustments$53.6 $56.4 $122.5 $119.6 
(i)    Includes share-based incentive compensation of $2.2 million and $20.2 million for the three and six months ended June 30, 2023, respectively, and $10.7 million and $28.6 million for the three and six months ended June 30, 2022, respectively.
(2)Beginning in 2023, the Company redefined Special Items to include amortization of the Liquibox acquired intangibles. The change is prospective and only applies to the amortization of Liquibox acquired intangibles.
(3)Restructuring charges by segment were as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2023202220232022
Food$1.5 $1.9 $0.6 $2.5 
Protective(0.9)1.6 (1.2)1.5 
Total Company restructuring charges$0.6 $3.5 $(0.6)$4.0 
(4)Other Special Items for the six months ended June 30, 2023 primarily relate to a one-time, non-cash cumulative translation adjustment loss recognized due to the wind-up of one of our legal entities. Other Special Items for the three and six months ended June 30, 2022 relate to fees paid for professional services, including legal fees, directly associated with Special Items of events that are considered one-time or infrequent in nature. For the six months ended June 30, 2022, the professional fees are offset primarily due 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)June 30, 2023December 31, 2022
Assets allocated to segments:  
Food$3,549.4 $2,342.6 
Protective2,740.5 2,795.7 
Total segments6,289.9 5,138.3 
Assets not allocated:
Cash and cash equivalents$285.1 $456.1 
Current assets held for sale1.1 — 
Income tax receivables44.8 40.3 
Other receivables85.4 91.5 
Advances and deposits190.2 12.7 
Deferred taxes122.9 141.5 
Other505.0 334.3 
Total$7,524.4 $6,214.7