Goodwill and Identifiable Intangible Assets (Tables)

12 Months Ended

Dec. 31, 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:

(In millions)	Food Care			Diversey Care			Product Care			Other⁽¹⁾			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		8.4			—			—			—			8.4
Dispositions		—			—			(1.1	)		—			(1.1	)
Currency translation		(14.3	)		(46.2	)		(0.5	)		(0.2	)		(61.2	)
Gross Carrying Value at December 31, 2016		798.4			1,774.7			1,372.1			1.4			3,946.6
Accumulated impairment		(208.0	)		(883.0	)		—			—			(1,091.0	)
Carrying Value at December 31, 2016	$	590.4		$	891.7		$	1,372.1		$	1.4		$	2,855.6

⁽¹⁾	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 2016 annual impairment test were the following:


	% by Which Estimated Fair value
Reporting Unit	exceeds Carrying Value
Food Care — Packaging Solutions		451	%
Food Care — Hygiene Solutions		247	%
Diversey Care		92	%
Product Care		124	%
Medical Applications⁽¹⁾		539	%

⁽¹⁾	Included in the “Other” category for segment reporting purposes – See Note 4, “Segments,” of the Notes to Consolidated Financial Statements for a description of our reportable segments.

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:

	December 31, 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⁾	$	828.7	$	(299.9	)	$	(148.9	)	$	379.9	$	846.2	$	(249.4	)	$	(148.9	)	$	447.9
Trademarks and tradenames		1.8		(0.8	)		—			1.0		1.7		(0.4	)		—			1.3
Capitalized software		165.9		(137.4	)		—			28.5		143.0		(125.3	)		—			17.7
Technology		141.2		(78.1	)		(22.2	)		40.9		141.9		(65.0	)		(22.2	)		54.7
Contracts		42.3		(33.6	)		—			8.7		42.8		(31.2	)		—			11.6
Total intangible assets with definite lives		1,179.9		(549.8	)		(171.1	)		459.0		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	$	2,061.2	$	(549.8	)	$	(801.3	)	$	710.1	$	2,056.9	$	(471.3	)	$	(801.3	)	$	784.3

⁽¹⁾

As of December 31, 2016 this amount includes $4.3 million related to the accelerated amortization of intangible assets related to ceasing operations in Venezuela. Refer to Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards “ of the Notes to Consolidated Financial Statements for further details.

⁽²⁾	The intangible assets include $251.1 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 December 31, 2016.

Year	Amount (in millions)
2017	$	87.7
2018		70.1
2019		56.3
2020		53.8
Thereafter		191.1
Total	$	459.0

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, 2016.

	Remaining weighted average useful lives
Customer relationships		8.2
Trademarks and trade names		5.1
Technology		3.2
Contracts		7.2
Total intangible assets with definite lives		7.4