XML 46 R37.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Goodwill and Identifiable Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Goodwill And Intangible Assets Disclosure [Abstract] |
Summary of Goodwill Balances by Segment Reporting Structure | The goodwill of the Other Category is represented by the goodwill of the Medical Applications reporting unit. The following table shows our goodwill balances by our new segment reporting structure:
|  | Gross Carrying Value at December 31, 2012 |  |  | Accumulated Impairment |  |  | Carrying Value at December 31, 2012 |  |  | Impact of Foreign Currency Translation Year Ended December 31, 2013 |  |  | Gross Carrying Value at December 31, 2013 |  |  | Accumulated Impairment |  |  | Carrying Value at December 31, 2013 |
Food Care |  | $ | 837.7 |  |  | $ | (208.0 | ) |  | $ | 629.7 |  |  | $ | (4.0 | ) |  | $ | 833.7 |  |  | $ | (208.0 | ) |  | $ | 625.7 |
Diversey Care |  |  | 2,026.1 |  |  |  | (883.0 | ) |  |  | 1,143.1 |  |  |  | (32.0 | ) |  |  | 1,994.1 |  |  |  | (883.0 | ) |  |  | 1,111.1 |
Product Care |  |  | 1,372.7 |  |  |  | — |  |  |  | 1,372.7 |  |  |  | 0.1 |  |  |  | 1,372.8 |  |  |  | — |  |  |  | 1,372.8 |
Other Category |  |  | 5.7 |  |  |  | — |  |  |  | 5.7 |  |  |  | (0.7 | ) |  |  | 5.0 |  |  |  | — |  |  |  | 5.0 |
Total |  | $ | 4,242.2 |  |  | $ | (1,091.0 | ) |  | $ | 3,151.2 |  |  | $ | (36.6 | ) |  | $ | 4,205.6 |  |  | $ | (1,091.0 | ) |  | $ | 3,114.6 |
Summary of Percentage by Which Estimated Fair Value Exceeds Carrying Value | The excess of estimated fair values over carrying value, including goodwill for each of our reporting units that had goodwill as of the 2013 annual impairment test were the following:
Reporting Unit |  | % by Which Estimated Fair value exceeds Carrying Value As of December 31, 2013 |
Food Care — Packaging Solutions |  |  | 321 | %
Food Care — Hygiene Solutions |  |  | 91 | %
Diversey Care |  |  | 27 | %
Product Care |  |  | 35 | %
Medical Applications |  |  | 96 | %
(1) | The Medical Applications reporting unit as of our 2013 annual goodwill test date included the rigid medical packaging business which was disposed of on December 6, 2013. Included in the assets that were disposed of was approximately $40.2 million of goodwill that was previously included in the Medical Applications reporting unit. See Note 3, “Divestitures”, for further details regarding this disposition.
Summarize of Identifiable Intangible Assets with Definite and Indefinite Useful Lives | The following tables summarize our identifiable intangible assets with definite and indefinite useful lives:
|  | December 31, 2013 |  |  | December 31, 2012 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Accumulated Impairment(1)(2) |  |  | Net |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Accumulated Impairment(1)(2) |  |  | Net |
Customer relationships |  | $ | 961.3 |  |  | $ | (171.2 | ) |  |  | (148.9 | ) |  | $ | 641.2 |  |  | $ | 963.1 |  |  | $ | (105.7 | ) |  | $ | (148.9 | ) |  | $ | 708.5 |
Trademarks and trade names |  |  | 881.5 |  |  |  | (0.1 | ) |  |  | (630.2 | ) |  |  | 251.2 |  |  |  | 881.9 |  |  |  | (0.5 | ) |  |  | (630.2 | ) |  |  | 251.2 |
Technology |  |  | 252.6 |  |  |  | (128.0 | ) |  |  | (22.2 | ) |  |  | 102.4 |  |  |  | 243.2 |  |  |  | (78.8 | ) |  |  | (22.2 | ) |  |  | 142.2 |
Contracts |  |  | 44.0 |  |  |  | (21.9 | ) |  |  | — |  |  |  | 22.1 |  |  |  | 44.4 |  |  |  | (14.7 | ) |  |  | — |  |  |  | 29.7 |
Total |  | $ | 2,139.4 |  |  | $ | (321.2 | ) |  | $ | (801.3 | ) |  | $ | 1,016.9 |  |  | $ | 2,132.6 |  |  | $ | (199.7 | ) |  | $ | (801.3 | ) |  | $ | 1,131.6 |
(1) | During the third quarter of 2012, we determined that sufficient indicators existed to require an interim impairment review of our Diversey tradename. Based on our analysis, the fair value of this intangible was lower than the carrying value, which resulted in a pre-tax impairment charge of $189 million. In addition, during the fourth quarter of 2012, we completed our annual impairment test for other indefinite lived intangibles and we performed an interim impairment review of our customer relationships and trademarks and trade names. As a result, we recorded a total impairment charge of $779 million which is included in impairment of goodwill and other intangible assets on the consolidated statements of operations in the year ended December 31, 2012.
(2) | During the fourth quarter of 2012, we made a decision to suspend certain development efforts and abandon future product development work on a project included in our Other Category for segment reporting. As a result, we recorded an impairment of $22 million ($14 million, net of taxes), which is included in impairment of goodwill and other intangible assets on the consolidated statements of operations in the year ended December 31, 2012.
Remaining Estimated Future Amortization Expense | The following table shows the remaining estimated future amortization expense at December 31, 2013.
Year |  | Amount |
2014 |  | $ | 111.4 |
2015 |  |  | 85.8 |
2016 |  |  | 84.8 |
2017 |  |  | 79.4 |
Thereafter |  |  | 404.6 |
Total |  | $ | 766.0 |

X
- Definition Schedule of finite and Infinite lived intangible assets by major class. + References No definition available. + Details
Name: | see_ScheduleOfFiniteAndInfiniteLivedIntangibleAssetsByMajorClassTableTextBlock
Namespace Prefix: | see_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of percentage by which estimated fair value exceeds carrying value. + References No definition available. + Details
Name: | see_SummaryOfPercentageByWhichEstimatedFairValueExceedsCarryingValueTableTextBlock
Namespace Prefix: | see_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration