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Goodwill and Identifiable Intangible Assets, net (Tables) | 3 Months Ended
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Mar. 31, 2024
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, 2023 |  | $ | 1,284.3 |  |  | $ | 1,798.1 |  |  | $ | 3,082.4 |
Accumulated amortization(1) |  | (49.1) |  |  | (140.8) |  |  | (189.9) |
Carrying Value at December 31, 2023 |  | $ | 1,235.2 |  |  | $ | 1,657.3 |  |  | $ | 2,892.5 |
Currency translation |  | (0.9) |  |  | (3.9) |  |  | (4.8) |
Carrying Value at March 31, 2024 |  | $ | 1,234.3 |  |  | $ | 1,653.4 |  |  | $ | 2,887.7 |
(1)There was no change to our accumulated amortization balance during the three months ended March 31, 2024.
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 March 31, 2024, there were no impairment indicators present.
| March 31, 2024 |  | December 31, 2023
(In millions) | Gross Carrying Value |  | Accumulated Amortization |  |  |  | Net |  | Gross Carrying Value |  | Accumulated Amortization |  |  |  | Net
Customer relationships | $ | 286.5 |  |  | $ | (74.2) |  |  |  |  | $ | 212.3 |  |  | $ | 287.7 |  |  | $ | (69.3) |  |  |  |  | $ | 218.4 |
Trademarks and tradenames | 57.0 |  |  | (20.6) |  |  |  |  | 36.4 |  |  | 57.0 |  |  | (19.4) |  |  |  |  | 37.6 |
Software | 151.2 |  |  | (117.3) |  |  |  |  | 33.9 |  |  | 148.2 |  |  | (112.8) |  |  |  |  | 35.4 |
Technology | 196.8 |  |  | (63.8) |  |  |  |  | 133.0 |  |  | 197.5 |  |  | (60.1) |  |  |  |  | 137.4 |
Contracts | 11.4 |  |  | (10.3) |  |  |  |  | 1.1 |  |  | 11.5 |  |  | (10.2) |  |  |  |  | 1.3 |
Total intangible assets with definite lives | 702.9 |  |  | (286.2) |  |  |  |  | 416.7 |  |  | 701.9 |  |  | (271.8) |  |  |  |  | 430.1 |
Trademarks and tradenames with indefinite lives | 8.9 |  |  | — |  |  |  |  | 8.9 |  |  | 8.9 |  |  | — |  |  |  |  | 8.9 |
Total identifiable intangible assets, net | $ | 711.8 |  |  | $ | (286.2) |  |  |  |  | $ | 425.6 |  |  | $ | 710.8 |  |  | $ | (271.8) |  |  |  |  | $ | 439.0 |
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 March 31, 2024, there were no impairment indicators present.
| March 31, 2024 |  | December 31, 2023
(In millions) | Gross Carrying Value |  | Accumulated Amortization |  |  |  | Net |  | Gross Carrying Value |  | Accumulated Amortization |  |  |  | Net
Customer relationships | $ | 286.5 |  |  | $ | (74.2) |  |  |  |  | $ | 212.3 |  |  | $ | 287.7 |  |  | $ | (69.3) |  |  |  |  | $ | 218.4 |
Trademarks and tradenames | 57.0 |  |  | (20.6) |  |  |  |  | 36.4 |  |  | 57.0 |  |  | (19.4) |  |  |  |  | 37.6 |
Software | 151.2 |  |  | (117.3) |  |  |  |  | 33.9 |  |  | 148.2 |  |  | (112.8) |  |  |  |  | 35.4 |
Technology | 196.8 |  |  | (63.8) |  |  |  |  | 133.0 |  |  | 197.5 |  |  | (60.1) |  |  |  |  | 137.4 |
Contracts | 11.4 |  |  | (10.3) |  |  |  |  | 1.1 |  |  | 11.5 |  |  | (10.2) |  |  |  |  | 1.3 |
Total intangible assets with definite lives | 702.9 |  |  | (286.2) |  |  |  |  | 416.7 |  |  | 701.9 |  |  | (271.8) |  |  |  |  | 430.1 |
Trademarks and tradenames with indefinite lives | 8.9 |  |  | — |  |  |  |  | 8.9 |  |  | 8.9 |  |  | — |  |  |  |  | 8.9 |
Total identifiable intangible assets, net | $ | 711.8 |  |  | $ | (286.2) |  |  |  |  | $ | 425.6 |  |  | $ | 710.8 |  |  | $ | (271.8) |  |  |  |  | $ | 439.0 |
Remaining Estimated Future Amortization Expense | The following table shows the remaining estimated future amortization expense at March 31, 2024.
Year |  | Amount (In millions)
Remainder of 2024 |  | $ | 47.8 |
2025 |  | 57.2 |
2026 |  | 46.1 |
2027 |  | 39.7 |
2028 |  | 39.0 |
Thereafter |  | 186.9 |
Total |  | $ | 416.7 |

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