XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Goodwill and Identifiable Assets (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2016
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. We review goodwill for impairment on a reporting unit basis annually during the fourth quarter of each year and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. As of June 30, 2016, we did not identify any changes in circumstances that would indicate the carrying value of goodwill may not be recoverable.
(In millions) |  | Food Care |  |  | Diversey Care |  |  | Product Care |  |  | Other |  |  | Total |
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 |
Acquisition method adjustments |  |  | (0.1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (0.1 | )
Dispositions |  |  | — |  |  |  | — |  |  |  | (1.1 | ) |  |  | — |  |  |  | (1.1 | )
Currency translation |  |  | (4.5 | ) |  |  | 2.8 |  |  |  | 0.4 |  |  |  | (0.2 | ) |  |  | (1.5 | )
Gross Carrying Value at June 30, 2016 |  |  | 799.7 |  |  |  | 1,823.7 |  |  |  | 1,373.0 |  |  |  | 1.4 |  |  |  | 3,997.8 |
Accumulated impairment |  |  | (208.0 | ) |  |  | (883.0 | ) |  |  | — |  |  |  | — |  |  |  | (1,091.0 | )
Carrying Value at June 30, 2016 |  | $ | 591.7 |  |  | $ | 940.7 |  |  | $ | 1,373.0 |  |  | $ | 1.4 |  |  | $ | 2,906.8 |
Summary of Identifiable Intangible Assets with Definite and Indefinite Useful Lives | The following tables summarize our identifiable intangible assets with definite and indefinite useful lives. As of June 30, 2016, there were no impairment indicators present.
|  | June 30, 2016 |  |  | December 31, 2015 |
|  | Gross |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Gross |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Carrying |  |  | Accumulated |  |  | Accumulated |  |  |  |  |  |  | Carrying |  |  | Accumulated |  |  | Accumulated |  |  |  |  |
(In millions) |  | Value |  |  | Amortization |  |  | Impairment |  |  | Net |  |  | Value |  |  | Amortization |  |  | Impairment |  |  | Net |
Customer relationships(1) |  | $ | 854.6 |  |  | $ | (284.3 | ) |  | $ | (148.9 | ) |  | $ | 421.4 |  |  | $ | 846.2 |  |  | $ | (249.4 | ) |  | $ | (148.9 | ) |  | $ | 447.9 |
Trademarks and tradenames |  |  | 1.8 |  |  |  | (0.6 | ) |  |  | — |  |  |  | 1.2 |  |  |  | 1.7 |  |  |  | (0.4 | ) |  |  | — |  |  |  | 1.3 |
Capitalized software |  |  | 160.5 |  |  |  | (128.3 | ) |  |  | — |  |  |  | 32.2 |  |  |  | 143.0 |  |  |  | (125.3 | ) |  |  | — |  |  |  | 17.7 |
Technology |  |  | 142.2 |  |  |  | (71.9 | ) |  |  | (22.2 | ) |  |  | 48.1 |  |  |  | 141.9 |  |  |  | (65.0 | ) |  |  | (22.2 | ) |  |  | 54.7 |
Contracts |  |  | 43.4 |  |  |  | (33.0 | ) |  |  | — |  |  |  | 10.4 |  |  |  | 42.8 |  |  |  | (31.2 | ) |  |  | — |  |  |  | 11.6 |
Total intangible assets with definite lives |  |  | 1,202.5 |  |  |  | (518.1 | ) |  |  | (171.1 | ) |  |  | 513.3 |  |  |  | 1,175.6 |  |  |  | (471.3 | ) |  |  | (171.1 | ) |  |  | 533.2 |
Trademarks and tradenames with indefinite lives(2) |  |  | 881.3 |  |  |  | — |  |  |  | (630.2 | ) |  |  | 251.1 |  |  |  | 881.3 |  |  |  | — |  |  |  | (630.2 | ) |  |  | 251.1 |
Total identifiable intangible assets |  | $ | 2,083.8 |  |  | $ | (518.1 | ) |  | $ | (801.3 | ) |  | $ | 764.4 |  |  | $ | 2,056.9 |  |  | $ | (471.3 | ) |  | $ | (801.3 | ) |  | $ | 784.3 |
(1) | As of June 30, 2016 this amount includes $4.3 million related to the accelerated amortization of intangible assets related to ceasing operations in Venezuela. Refer to Note 1 of the Condensed Consolidated Statement of Operations for further details.
(2) | The intangible assets include $251 million of trademarks and trade names that we have determined to have indefinite useful lives, primarily acquired in connection with the acquisition of Diversey.
Remaining Estimated Future Amortization Expense | The following table shows the remaining estimated future amortization expense at June 30, 2016.
Year |  | Amount (in millions) |
Remainder of 2016 |  | $ | 44.7 |
2017 |  |  | 91.7 |
2018 |  |  | 64.3 |
2019 |  |  | 58.6 |
Thereafter |  |  | 254.0 |
Total |  | $ | 513.3 |

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
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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=35741047&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=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration