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Segments (Tables)
 9 Months Ended
Sep. 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
September 30,		Nine Months Ended
September 30,
(In millions)2023202220232022
Net sales:    
Food$893.4 $829.8 $2,627.1 $2,443.3 
As a % of Consolidated net sales64.7 %59.3 %63.9 %57.7 %
Protective488.4 570.6 1,484.3 1,792.7 
As a % of Consolidated net sales35.3 %40.7 %36.1 %42.3 %
Consolidated Net sales$1,381.8 $1,400.4 $4,111.4 $4,236.0 
 
 Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2023202220232022
Segment Adjusted EBITDA:    
Food$194.3 $185.3 $580.1 $553.4 
Adjusted EBITDA Margin21.7 %22.3 %22.1 %22.6 %
Protective95.0 109.5 271.3 363.2 
Adjusted EBITDA Margin19.5 %19.2 %18.3 %20.3 %
Total Segment Adjusted EBITDA$289.3 $294.8 $851.4 $916.6 
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
September 30,		Nine Months Ended
September 30,
(In millions)2023202220232022
Food Adjusted EBITDA$194.3 $185.3 $580.1 $553.4 
Protective Adjusted EBITDA95.0 109.5 271.3 363.2 
Corporate Adjusted EBITDA(4.6)(2.2)(19.1)(3.6)
Interest expense, net(70.1)(40.9)(196.6)(119.3)
Depreciation and amortization, net of adjustments(1)
(64.6)(59.4)(187.1)(179.0)
Special Items:
Liquibox intangible amortization(2)
(7.4)— (19.9)— 
Liquibox inventory step-up expense— — (10.8)— 
Restructuring charges(3)
(9.8)(0.6)(9.2)(4.6)
Other restructuring associated costs(4)
(34.6)(1.6)(34.5)(8.5)
Foreign currency exchange loss due to highly inflationary economies(4.9)(2.2)(10.6)(5.9)
Loss on debt redemption and refinancing activities— — (4.9)(11.2)
Impairment loss on equity investments— — — (31.6)
Contract terminations(5)
(15.3)— (15.3)— 
Charges related to acquisition and divestiture activity(2.8)(0.3)(24.5)0.8 
Other Special Items(6)
2.7 (3.6)(5.1)(3.6)
Pre-tax impact of Special Items(72.1)(8.3)(134.8)(64.6)
Earnings before income tax provision$77.9 $184.0 $313.8 $550.1 
(1)Depreciation and amortization by segment were as follows:

Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2023202220232022
Food$48.1 $34.4 $135.8 $103.7 
Protective23.9 25.0 71.2 75.3 
Total Company depreciation and amortization(i)
$72.0 $59.4 $207.0 $179.0 
Liquibox intangible amortization(7.4)— (19.9)— 
Depreciation and amortization, net of adjustments$64.6 $59.4 $187.1 $179.0 
(i)    Includes share-based incentive compensation of $12.1 million and $32.3 million for the three and nine months ended September 30, 2023, respectively, and $12.7 million and $41.3 million for the three and nine months ended September 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
September 30,		Nine Months Ended
September 30,
(In millions)2023202220232022
Food$5.7 $0.6 $6.3 $3.1 
Protective4.1 — 2.9 1.5 
Total Company restructuring charges$9.8 $0.6 $9.2 $4.6 
(4)Other restructuring associated costs for the three and nine months ended September 30, 2023 primarily consists of impairment of property and equipment and inventory obsolescence charges related to business closure activity.
(5)Contract terminations for the three and nine months ended September 30, 2023 primarily relates to charges associated with business closure activity.
(6)Other Special Items for the three months ended September 30, 2023 primarily relate to a gain associated with a legal settlement. Other Special Items for the nine months ended September 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, partially offset by a gain associated with a legal settlement. Other Special Items for the three and nine months ended September 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 nine months ended September 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)September 30, 2023December 31, 2022
Assets allocated to segments:  
Food$3,452.7 $2,342.6 
Protective2,693.4 2,795.7 
Total segments6,146.1 5,138.3 
Assets not allocated:
Cash and cash equivalents$281.3 $456.1 
Current assets held for sale1.0 — 
Income tax receivables46.8 40.3 
Other receivables86.0 91.5 
Advances and deposits198.7 12.7 
Deferred taxes119.5 141.5 
Other488.3 334.3 
Total$7,367.7 $6,214.7