Goodwill and Identifiable Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Goodwill Balances by Segment Reporting Structure

The following table shows our goodwill balances by our segment reporting structure:

(In millions)	Food Care			Diversey Care			Product Care			Other⁽²⁾			Total
Gross Carrying Value at December 31, 2014⁽¹⁾	$	811.1		$	1,900.8		$	1,371.2		$	4.8		$	4,087.9
Accumulated impairment		(208.0	)		(883.0	)		—			—			(1,091.0	)
Carrying Value at December 31, 2014⁽¹⁾	$	603.1		$	1,017.8		$	1,371.2		$	4.8		$	2,996.9
Acquisition		6.7			6.7			6.3			—			19.7
Dispositions		—			—			(3.1	)		—			(3.1	)
Other		3.2			—			—			(3.2	)		—
Currency translation		(16.7	)		(86.6	)		(0.7	)		—			(104.0	)
Gross Carrying Value at December 31, 2015		804.3			1,820.9			1,373.7			1.6			4,000.5
Accumulated impairment		(208.0	)		(883.0	)		—			—			(1,091.0	)
Carrying Value at December 31, 2015	$	596.3		$	937.9		$	1,373.7		$	1.6		$	2,909.5

⁽¹⁾	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.

⁽²⁾	Represents goodwill of our Medical Applications reporting unit.

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 2015 annual impairment test were the following:


	% by Which Estimated Fair value
Reporting Unit	exceeds Carrying Value
Food Care — Packaging Solutions		410	%
Food Care — Hygiene Solutions		488	%
Diversey Care		55	%
Product Care		121	%
Medical Applications⁽¹⁾		819	%

⁽¹⁾	Included in the “Other” category for segment reporting purposes – See Note 4 for a description of our reportable segments.

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, 2015										December 31, 2014⁽²⁾
	Gross										Gross
	Carrying		Accumulated			Accumulated					Carrying		Accumulated			Accumulated
(In millions)	Value		Amortization			Impairment			Net		Value		Amortization			Impairment			Net
Customer relationships	$	846.2	$	(249.4	)	$	(148.9	)	$	447.9	$	890.8	$	(210.8	)	$	(148.9	)	$	531.1
Trademarks and tradenames		1.7		(0.4	)		—			1.3		1.3		(0.2	)		—			1.1
Capitalized software		143.0		(125.3	)		—			17.7		140.7		(113.8	)		—			26.9
Technology		141.9		(65.0	)		(22.2	)		54.7		125.7		(53.2	)		(22.2	)		50.3
Contracts		42.8		(31.2	)		—			11.6		40.6		(28.9	)		—			11.7
Total intangible assets with definite lives		1,175.6		(471.3	)		(171.1	)		533.2		1,199.1		(406.9	)		(171.1	)		621.1
Trademarks and tradenames with indefinite lives⁽¹⁾		881.3		—			(630.2	)		251.1		881.3		—			(630.2	)		251.1
Total identifiable intangible assets	$	2,056.9	$	(471.3	)	$	(801.3	)	$	784.3	$	2,080.4	$	(406.9	)	$	(801.3	)	$	872.2

⁽¹⁾	The intangible assets include $251 million of trademarks that we have determined to have indefinite useful lives, primarily acquired in connection with the acquisition of Diversey.

⁽²⁾	Excludes North American foam trays and absorbent pads business intangible assets. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.

Remaining Estimated Future Amortization Expense

The following table shows the remaining estimated future amortization expense at December 31, 2015.

Year	Amount (in millions)
2016	$	83.4
2017		76.9
2018		63.9
2019		56.3
Thereafter		252.7
Total	$	533.2

Remaining Weighted Average Useful Life of Definite Lived Intangible Assets

The following table shows the remaining weighted average useful life of our definite lived intangible assets as of December 31, 2015.

	Remaining weighted average useful lives
Customer relationships		8.8
Trademarks and trade names		5.7
Technology		4.0
Contracts		5.6
Total intangible assets with definite lives		8.1