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Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

Changes in the carrying amount of our goodwill are as follows (dollars in millions):

 

 

 

Goodwill

 

Balance at January 1, 2025

 

$

922.4

 

Acquisitions (a)

 

 

277.4

 

Balance at September 30, 2025

 

$

1,199.8

 

 

(a)
In connection with the September 2025 Greif Acquisition, the preliminary valuation of goodwill is $277.4 million, which is recorded in the Packaging segment.
Components of Intangible Assets The weighted average remaining useful life, gross carrying amount, and accumulated amortization of our intangible assets were as follows (dollars in millions):

 

 

 

September 30, 2025

 

 

December 31, 2024

 

 

 

Weighted
Average
Remaining
Useful Life
(in Years)

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Weighted
Average
Remaining
Useful Life
(in Years)

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

Customer relationships (b)

 

 

12.7

 

 

$

1,006.0

 

 

$

391.5

 

 

 

6.6

 

 

$

546.0

 

 

$

362.4

 

Trademarks and trade names (b)

 

 

9.5

 

 

 

111.3

 

 

 

35.2

 

 

 

6.0

 

 

 

41.3

 

 

 

33.0

 

Other

 

 

1.2

 

 

 

4.4

 

 

 

4.4

 

 

 

1.9

 

 

 

4.4

 

 

 

4.4

 

Total intangible assets (excluding goodwill)

 

 

12.3

 

 

$

1,121.7

 

 

$

431.1

 

 

 

6.6

 

 

$

591.7

 

 

$

399.8

 

 

In connection with the September 2025 Greif Acquisition, the preliminary valuation of intangible assets is $460.0 million for customer