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Goodwill and Other Intangibles Resulting from Business Acquisitions (Tables) | 9 Months Ended
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Oct. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of changes in net carrying amount of goodwill | Changes in the net carrying amount of goodwill for the nine months ended October 1, 2022 by reportable segment are shown below.
(In millions) | Label and Graphic Materials |  | Retail Branding and Information Solutions |  | Industrial and Healthcare Materials |  | Total
Goodwill as of January 1, 2022 | $ | 456.4 |  |  | $ | 1,236.0 |  |  | $ | 189.1 |  |  | $ | 1,881.5 |
Acquisitions(1) | — |  |  | 16.3 |  |  | — |  |  | 16.3 |
Acquisition adjustment(2) | — |  |  | (2.3) |  |  | — |  |  | (2.3) |
Translation adjustments | (37.0) |  |  | (19.3) |  |  | (14.4) |  |  | (70.7) |
Goodwill as of October 1, 2022 | $ | 419.4 |  |  | $ | 1,230.7 |  |  | $ | 174.7 |  |  | $ | 1,824.8 |
(1)Goodwill acquired related to the 2022 Acquisitions. We expect the recognized goodwill related to the 2022 Acquisitions to be non-deductible for income tax purposes. (2)Measurement period adjustment related to the finalization of the purchase price allocation for the August 2021 acquisition of Vestcom.
Estimated amortization expense for finite-lived intangible assets | Estimated future amortization expense related to existing finite-lived intangible assets for the remainder of fiscal year 2022 and for each of the next four fiscal years is shown below. These amounts include the effects of the 2022 Acquisitions and updated amounts from year-end 2021.
| Estimated Amortization Expense
2022 (remainder of year) | $ | 20.3 |
2023 | 80.2 |
2024 | 78.6 |
2025 | 77.8 |
2026 | 75.0 |

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