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Goodwill and Identifiable Intangible Assets, net | 3 Months Ended
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Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Identifiable Intangible Assets, net | Goodwill and Identifiable Intangible Assets, net Goodwill The following table shows our goodwill balances by reportable segment. 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. We have not identified any changes in circumstances that would indicate the carrying value of goodwill may not be recoverable since we performed our annual goodwill impairment test as of October 1, 2020. Allocation of Goodwill to Reporting Segment The following table shows our goodwill balances by reportable segment:
(In millions) |  | Food |  | Protective |  | Total
Gross Carrying Value at December 31, 2020 |  | $ | 579.7 |  |  | $ | 1,833.6 |  |  | $ | 2,413.3 |
Accumulated impairment(1) |  | (49.5) |  |  | (141.2) |  |  | (190.7) |
Carrying Value at December 31, 2020 |  | $ | 530.2 |  |  | $ | 1,692.4 |  |  | $ | 2,222.6 |
Currency translation |  | (1.0) |  |  | (4.4) |  |  | (5.4) |
Carrying Value at March 31, 2021 |  | $ | 529.2 |  |  | $ | 1,688.0 |  |  | $ | 2,217.2 |
(1)There was no change to our accumulated impairment balance during the three months ended March 31, 2021. Identifiable Intangible Assets, net The following tables summarize our identifiable intangible assets, net with definite and indefinite useful lives. As of March 31, 2021, there were no impairment indicators present.
| March 31, 2021 |  | December 31, 2020
(In millions) | Gross Carrying Value |  | Accumulated Amortization |  |  |  | Net |  | Gross Carrying Value |  | Accumulated Amortization |  |  |  | Net
Customer relationships | $ | 103.4 |  |  | $ | (38.2) |  |  |  |  | $ | 65.2 |  |  | $ | 105.2 |  |  | $ | (37.2) |  |  |  |  | $ | 68.0 |
Trademarks and tradenames | 31.1 |  |  | (9.2) |  |  |  |  | 21.9 |  |  | 31.3 |  |  | (8.5) |  |  |  |  | 22.8 |
Software | 109.6 |  |  | (75.2) |  |  |  |  | 34.4 |  |  | 104.7 |  |  | (69.7) |  |  |  |  | 35.0 |
Technology | 65.1 |  |  | (33.7) |  |  |  |  | 31.4 |  |  | 66.7 |  |  | (33.0) |  |  |  |  | 33.7 |
Contracts | 13.5 |  |  | (11.1) |  |  |  |  | 2.4 |  |  | 13.6 |  |  | (11.0) |  |  |  |  | 2.6 |
Total intangible assets with definite lives | 322.7 |  |  | (167.4) |  |  |  |  | 155.3 |  |  | 321.5 |  |  | (159.4) |  |  |  |  | 162.1 |
Trademarks and tradenames with indefinite lives | 8.9 |  |  | — |  |  |  |  | 8.9 |  |  | 8.9 |  |  | — |  |  |  |  | 8.9 |
Total identifiable intangible assets, net | $ | 331.6 |  |  | $ | (167.4) |  |  |  |  | $ | 164.2 |  |  | $ | 330.4 |  |  | $ | (159.4) |  |  |  |  | $ | 171.0 |
The following table shows the remaining estimated future amortization expense at March 31, 2021.
Year |  | Amount (in millions)
Remainder of 2021 |  | $ | 27.6 |
2022 |  | 27.3 |
2023 |  | 20.8 |
2024 |  | 14.3 |
2025 |  | 13.8 |
Thereafter |  | 51.5 |
Total |  | $ | 155.3 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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