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Goodwill and Identifiable Intangible Assets, net (Tables) | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule 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, 2024 |  | $ | 1,277.9 |  |  | $ | 1,790.2 |  |  | $ | 3,068.1 |
Accumulated amortization(1) |  | (48.9) |  |  | (140.7) |  |  | (189.6) |
Carrying Value at December 31, 2024 |  | $ | 1,229.0 |  |  | $ | 1,649.5 |  |  | $ | 2,878.5 |
Currency translation |  | 10.1 |  |  | 13.9 |  |  | 24.0 |
Carrying Value at June 30, 2025 |  | $ | 1,239.1 |  |  | $ | 1,663.4 |  |  | $ | 2,902.5 |
(1)There was no change to our accumulated amortization balance during the six months ended June 30, 2025.
Schedule 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, 2025, there were no impairment indicators present.
| June 30, 2025 |  | December 31, 2024
(In millions) | Gross Carrying Value |  | Accumulated Amortization |  |  |  | Net |  | Gross Carrying Value |  | Accumulated Amortization |  |  |  | Net
Customer relationships | $ | 288.5 |  |  | $ | (103.6) |  |  |  |  | $ | 184.9 |  |  | $ | 284.0 |  |  | $ | (89.9) |  |  |  |  | $ | 194.1 |
Trademarks and tradenames | 56.9 |  |  | (26.5) |  |  |  |  | 30.4 |  |  | 56.5 |  |  | (23.9) |  |  |  |  | 32.6 |
Software | 159.9 |  |  | (139.6) |  |  |  |  | 20.3 |  |  | 156.3 |  |  | (131.5) |  |  |  |  | 24.8 |
Technology | 198.4 |  |  | (85.8) |  |  |  |  | 112.6 |  |  | 196.2 |  |  | (75.9) |  |  |  |  | 120.3 |
Contracts | 11.5 |  |  | (10.8) |  |  |  |  | 0.7 |  |  | 11.4 |  |  | (10.5) |  |  |  |  | 0.9 |
Total intangible assets with definite lives | 715.2 |  |  | (366.3) |  |  |  |  | 348.9 |  |  | 704.4 |  |  | (331.7) |  |  |  |  | 372.7 |
Trademarks and tradenames with indefinite lives | 8.9 |  |  | — |  |  |  |  | 8.9 |  |  | 8.9 |  |  | — |  |  |  |  | 8.9 |
Total identifiable intangible assets, net | $ | 724.1 |  |  | $ | (366.3) |  |  |  |  | $ | 357.8 |  |  | $ | 713.3 |  |  | $ | (331.7) |  |  |  |  | $ | 381.6 |
Schedule 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, 2025, there were no impairment indicators present.
| June 30, 2025 |  | December 31, 2024
(In millions) | Gross Carrying Value |  | Accumulated Amortization |  |  |  | Net |  | Gross Carrying Value |  | Accumulated Amortization |  |  |  | Net
Customer relationships | $ | 288.5 |  |  | $ | (103.6) |  |  |  |  | $ | 184.9 |  |  | $ | 284.0 |  |  | $ | (89.9) |  |  |  |  | $ | 194.1 |
Trademarks and tradenames | 56.9 |  |  | (26.5) |  |  |  |  | 30.4 |  |  | 56.5 |  |  | (23.9) |  |  |  |  | 32.6 |
Software | 159.9 |  |  | (139.6) |  |  |  |  | 20.3 |  |  | 156.3 |  |  | (131.5) |  |  |  |  | 24.8 |
Technology | 198.4 |  |  | (85.8) |  |  |  |  | 112.6 |  |  | 196.2 |  |  | (75.9) |  |  |  |  | 120.3 |
Contracts | 11.5 |  |  | (10.8) |  |  |  |  | 0.7 |  |  | 11.4 |  |  | (10.5) |  |  |  |  | 0.9 |
Total intangible assets with definite lives | 715.2 |  |  | (366.3) |  |  |  |  | 348.9 |  |  | 704.4 |  |  | (331.7) |  |  |  |  | 372.7 |
Trademarks and tradenames with indefinite lives | 8.9 |  |  | — |  |  |  |  | 8.9 |  |  | 8.9 |  |  | — |  |  |  |  | 8.9 |
Total identifiable intangible assets, net | $ | 724.1 |  |  | $ | (366.3) |  |  |  |  | $ | 357.8 |  |  | $ | 713.3 |  |  | $ | (331.7) |  |  |  |  | $ | 381.6 |
Schedule of Remaining Estimated Future Amortization Expense | The following table shows the remaining estimated future amortization expense at June 30, 2025.
Year |  | Amount (In millions)
Remainder of 2025 |  | $ | 29.2 |
2026 |  | 48.2 |
2027 |  | 43.1 |
2028 |  | 40.5 |
2029 |  | 38.1 |
Thereafter |  | 149.8 |
Total |  | $ | 348.9 |

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