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Goodwill and Identifiable Intangible Assets, net (Tables) | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Goodwill Balances by Segment Reporting Structure | The following table shows our goodwill balances by reportable segment:
(In millions) |  | Food |  | Protective |  | Total
Gross Carrying Value at December 31, 2022 |  | $ | 572.2 |  |  | $ | 1,792.0 |  |  | $ | 2,364.2 |
Accumulated amortization(1) |  | (49.0) |  |  | (140.7) |  |  | (189.7) |
Carrying Value at December 31, 2022 |  | $ | 523.2 |  |  | $ | 1,651.3 |  |  | $ | 2,174.5 |
Acquisitions(2) |  | 738.2 |  |  | — |  |  | 738.2 |
Currency translation |  | 3.4 |  |  | 3.2 |  |  | 6.6 |
Carrying Value at June 30, 2023 |  | $ | 1,264.8 |  |  | $ | 1,654.5 |  |  | $ | 2,919.3 |
(1)There was no change to our accumulated amortization balance during the six months ended June 30, 2023. (2)Represents amounts allocated to goodwill resulting from acquisitions, primarily for Liquibox. See Note 5, "Acquisitions," for further details.
Summary of Identifiable Intangible Assets with Indefinite Useful Lives | The following tables summarize our identifiable intangible assets, net with definite and indefinite useful lives. As of June 30, 2023, there were no impairment indicators present.
| June 30, 2023 |  | December 31, 2022
(In millions) | Gross Carrying Value |  | Accumulated Amortization |  |  |  | Net |  | Gross Carrying Value |  | Accumulated Amortization |  |  |  | Net
Customer relationships | $ | 281.0 |  |  | $ | (57.1) |  |  |  |  | $ | 223.9 |  |  | $ | 99.5 |  |  | $ | (47.1) |  |  |  |  | $ | 52.4 |
Trademarks and tradenames | 56.9 |  |  | (17.0) |  |  |  |  | 39.9 |  |  | 30.8 |  |  | (14.4) |  |  |  |  | 16.4 |
Software | 164.5 |  |  | (120.9) |  |  |  |  | 43.6 |  |  | 147.7 |  |  | (111.3) |  |  |  |  | 36.4 |
Technology | 197.5 |  |  | (52.0) |  |  |  |  | 145.5 |  |  | 67.0 |  |  | (44.3) |  |  |  |  | 22.7 |
Contracts | 11.5 |  |  | (10.0) |  |  |  |  | 1.5 |  |  | 11.4 |  |  | (9.8) |  |  |  |  | 1.6 |
Total intangible assets with definite lives | 711.4 |  |  | (257.0) |  |  |  |  | 454.4 |  |  | 356.4 |  |  | (226.9) |  |  |  |  | 129.5 |
Trademarks and tradenames with indefinite lives | 8.9 |  |  | — |  |  |  |  | 8.9 |  |  | 8.9 |  |  | — |  |  |  |  | 8.9 |
Total identifiable intangible assets, net | $ | 720.3 |  |  | $ | (257.0) |  |  |  |  | $ | 463.3 |  |  | $ | 365.3 |  |  | $ | (226.9) |  |  |  |  | $ | 138.4 |
Summary of Identifiable Intangible Assets with Definite Useful Lives | The following tables summarize our identifiable intangible assets, net with definite and indefinite useful lives. As of June 30, 2023, there were no impairment indicators present.
| June 30, 2023 |  | December 31, 2022
(In millions) | Gross Carrying Value |  | Accumulated Amortization |  |  |  | Net |  | Gross Carrying Value |  | Accumulated Amortization |  |  |  | Net
Customer relationships | $ | 281.0 |  |  | $ | (57.1) |  |  |  |  | $ | 223.9 |  |  | $ | 99.5 |  |  | $ | (47.1) |  |  |  |  | $ | 52.4 |
Trademarks and tradenames | 56.9 |  |  | (17.0) |  |  |  |  | 39.9 |  |  | 30.8 |  |  | (14.4) |  |  |  |  | 16.4 |
Software | 164.5 |  |  | (120.9) |  |  |  |  | 43.6 |  |  | 147.7 |  |  | (111.3) |  |  |  |  | 36.4 |
Technology | 197.5 |  |  | (52.0) |  |  |  |  | 145.5 |  |  | 67.0 |  |  | (44.3) |  |  |  |  | 22.7 |
Contracts | 11.5 |  |  | (10.0) |  |  |  |  | 1.5 |  |  | 11.4 |  |  | (9.8) |  |  |  |  | 1.6 |
Total intangible assets with definite lives | 711.4 |  |  | (257.0) |  |  |  |  | 454.4 |  |  | 356.4 |  |  | (226.9) |  |  |  |  | 129.5 |
Trademarks and tradenames with indefinite lives | 8.9 |  |  | — |  |  |  |  | 8.9 |  |  | 8.9 |  |  | — |  |  |  |  | 8.9 |
Total identifiable intangible assets, net | $ | 720.3 |  |  | $ | (257.0) |  |  |  |  | $ | 463.3 |  |  | $ | 365.3 |  |  | $ | (226.9) |  |  |  |  | $ | 138.4 |
Remaining Estimated Future Amortization Expense | The following table shows the remaining estimated future amortization expense at June 30, 2023.
Year |  | Amount (In millions)
Remainder of 2023 |  | $ | 33.6 |
2024 |  | 61.3 |
2025 |  | 54.9 |
2026 |  | 42.7 |
2027 |  | 39.1 |
Thereafter |  | 222.8 |
Total |  | $ | 454.4 |

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