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Divestitures and Acquisitions - Carrying Value of Assets and Liabilities (Detail) - USD ($) $ in Millions | Dec. 31, 2015 | Nov. 02, 2015 | Apr. 02, 2015 | Dec. 31, 2014
--- | --- | --- | --- | ---
ASSETS |  |  |  |  |  |
Inventories, net of inventory reserves of $21.9 in 2015 and $29.0 in 2014 |  | $ 660.8 |  |  | $ 688.5 | [1],[2],[3],[4]
Property and equipment, net |  | 930.7 |  |  | 943.0 | [1],[2],[3],[5]
Goodwill |  | 2,909.5 |  |  | 2,996.9 | [1],[2],[3],[6]
Assets held for sale |  | 10.3 |  |  | 106.4 | [1],[2],[3]
Other non-current assets |  | 381.2 |  |  | 399.6 | [1],[2],[3]
Liabilities: |  |  |  |  |  |
Liabilities held for sale | [1],[2],[3] |  |  |  | 13.0 |
Other current liabilities |  | 789.7 |  |  | 889.9 | [1],[2],[3]
Long term debt |  | 4,356.3 |  |  |  |
Other non-current liabilities |  | $ 714.1 |  |  | 704.1 | [1],[2],[3]
European Food Trays Businesses [Member] |  |  |  |  |  |
ASSETS |  |  |  |  |  |
Receivables, net |  |  | $ 0.2 |  | 0.2 |
Inventories, net of inventory reserves of $21.9 in 2015 and $29.0 in 2014 |  |  | 6.0 |  | 6.9 |
Other current assets |  |  | 0.8 |  | 0.3 |
Property and equipment, net |  |  | 22.4 |  | 27.6 |
Goodwill |  |  | 1.5 |  | 1.7 |
Other non-current assets |  |  | 0.4 |  | 0.4 |
Assets held for sale |  |  | 31.3 |  | 37.1 |
Liabilities: |  |  |  |  |  |
Accounts payable |  |  | 1.6 |  | 1.6 |
Accrued liabilities |  |  | 2.1 |  | 4.2 |
Other current liabilities |  |  | 0.6 |  | 0.5 |
Long term debt |  |  | 0.4 |  | 0.6 |
Other non-current liabilities |  |  | 0.1 |  |  |
Liabilities held for sale |  |  | $ 4.8 |  | 6.9 |
Disposal Group, Not Discontinued Operations [Member] |  |  |  |  |  |
ASSETS |  |  |  |  |  |
Other receivables |  |  |  |  | 0.1 |
Inventories, net of inventory reserves of $21.9 in 2015 and $29.0 in 2014 |  |  |  | $ 15.2 | 12.3 |
Prepaid expenses |  |  |  | 0.1 | 0.1 |
Property and equipment, net |  |  |  | 22.6 | 22.6 |
Goodwill |  |  |  | 6.9 | 6.9 |
Assets held for sale |  |  |  | 44.8 | 42.0 |
Liabilities: |  |  |  |  |  |
Accrued liabilities |  |  |  | 2.7 | 6.1 |
Liabilities held for sale |  |  |  | $ 2.7 | $ 6.1 |
[1] | As of December 31, 2015, we have adopted ASU 2015-17 which resulted in a decrease in deferred tax assets of $105.6 million, an increase in non-current deferred tax assets of $17.0 million, a decrease in current deferred tax liabilities of $4.8 million and a decrease in non-current deferred tax liabilities of $83.8 million as of December 31, 2014.
[2] | During the fourth quarter of 2015, we completed the sale of our European food trays business. During the fourth quarter of 2015, the assets and liabilities met the criteria of held for sale classification. Accordingly, we reclassified $37 million of assets and $7 million of liabilities as held for sale as of December 31, 2014. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details. Certain foreign currency translation adjustments were misclassified within the components of Accumulated Other Comprehensive Income on the Consolidated Balance Sheets. Additionally, we reclassified $13 million from accounts payable to short-term borrowings related to extended payment terms on a vendor agreement and $36 million from cash to other assets related to cash used as collateral for borrowing agreements. See Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” under the heading “Reclassifications and Revisions” for further discussion of the revisions.
[3] | During the second quarter of 2015, we completed the sale of our North American foam trays and absorbent pads business. During the first quarter of 2015, the assets and liabilities met the criteria of held for sale classification. Accordingly, we reclassified $42 million of assets and $6 million of liabilities as held for sale as of December 31, 2014. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.
[4] | Excludes North American foam trays and absorbent pads and European food trays business inventory. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.
[5] | Excludes North American foam trays and absorbent pads and European food trays business property and equipment, net. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.
[6] | Excludes North American foam trays and absorbent pads and European food trays business goodwill. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.

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