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Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill attributable to each reportable business segment follow:
(in millions)
 
U.S. Packaging Segment
 
Latin America Packaging Segment
 
Rest of World Packaging Segment
 
Total
Reported balance at December 31, 2016
 
$
632.4

 
$
189.0

 
$
207.4

 
$
1,028.8

Acquisition and acquisition adjustments
 
—

 
—

 
0.1

 
0.1

Impairment charge
 
—

 
(196.6
)
 
—

 
(196.6
)
Currency translation
 
0.7

 
7.6

 
12.1

 
20.4

Reported balance at December 31, 2017
 
633.1


—


219.6

 
852.7

Currency translation
 
(0.8
)
 
—

 
(6.7
)
 
(7.5
)
Reported balance at December 31, 2018
 
$
632.3


$
—


$
212.9

 
$
845.2

 
In 2017, acquisition and acquisition adjustments are comprised of opening balance sheet adjustments related to the Evadix acquisition.
    
The Company reviews goodwill for impairment annually in the fourth quarter of the fiscal year and whenever events or changes in circumstances indicate that the carrying value of goodwill might not be recoverable.

In 2018, the Company’s annual impairment test of the U.S. Packaging and Rest of World Packaging reporting unit concluded that the estimated fair value of these reporting units exceeded their carrying value and therefore their associated goodwill was not impaired.

In 2017, as part of the Company’s annual assessment of impairment of goodwill conducted with the aid of a third party valuation specialist, the Company determined that the fair value of the Latin America Packaging reporting unit was less than its carrying value by approximately $163 million, primarily related to the Company’s revised expectations for the forecasted recovery in Brazil. This resulted in a full impairment of the Latin America Packaging reporting unit’s goodwill of $196.6 million ($145.5 million after tax). The Company’s annual impairment test of the U.S. Packaging reporting unit and Rest of World Packaging reporting unit in the fourth quarter of 2017 concluded that the estimated fair value of these reporting units exceeded their carrying value and therefore their associated goodwill was not impaired. The Company does not have any other accumulated impairment losses.

The components of amortized intangible assets follow:
 
 
December 31, 2018
 
December 31, 2017
(in millions)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Contract based
 
$
9.1

 
$
(1.5
)
 
$
9.9

 
$
(1.6
)
Technology based
 
79.3

 
(60.9
)
 
79.7

 
(56.6
)
Marketing related
 
12.9

 
(9.1
)
 
14.1

 
(9.3
)
Customer based
 
205.3

 
(113.7
)
 
210.1

 
(104.0
)
Reported balance
 
$
306.6

 
$
(185.2
)
 
$
313.8

 
$
(171.5
)


Amortization expense for intangible assets during 2018, 2017, and 2016 was $16.9 million, $17.0 million, and $16.0 million, respectively.  Estimated future amortization expense for intangible assets follows:

(in millions)
 
Amortization
2019
 
$
16.7

2020
 
15.9

2021
 
13.7

2022
 
12.2

2023
 
11.9