XML 78 R57.htm IDEA: XBRL DOCUMENT
v3.25.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Components of Earnings Before Income Tax Provision | The components of earnings before income tax provision were as follows:
|  | Year Ended December 31,
(In millions) |  | 2025 |  | 2024 |  | 2023
Domestic |  | $ | 162.2 |  |  | $ | 150.0 |  |  | $ | 134.8 |
Foreign |  | 314.3 |  |  | 308.4 |  |  | 294.9 |
Total |  | $ | 476.5 |  |  | $ | 458.4 |  |  | $ | 429.7 |
Schedule of Components of Income Tax Provision | The components of our income tax provision were as follows:
|  | Year Ended December 31,
(In millions) |  | 2025 |  | 2024 |  | 2023
Current tax (benefit) expense: |  |  |  |  |  |
Federal |  | $ | (114.8) |  |  | $ | 90.0 |  |  | $ | 23.6 |
State and local |  | 9.1 |  |  | 13.4 |  |  | 13.2 |
Foreign |  | 67.6 |  |  | 101.9 |  |  | 81.8 |
Total current (benefit) expense |  | $ | (38.1) |  |  | $ | 205.3 |  |  | $ | 118.6 |
Deferred tax expense (benefit): |  |  |  |  |  |
Federal |  | $ | 57.6 |  |  | $ | (51.1) |  |  | $ | (28.1) |
State and local |  | 3.7 |  |  | 1.5 |  |  | (5.8) |
Foreign |  | 12.1 |  |  | 33.2 |  |  | 5.7 |
Total deferred tax expense (benefit) |  | 73.4 |  |  | (16.4) |  |  | (28.2) |
Total income tax provision |  | $ | 35.3 |  |  | $ | 188.9 |  |  | $ | 90.4 |
Schedule of Components of Deferred Tax Assets (Liabilities) | Deferred tax assets (liabilities) consist of the following:
|  | December 31,
(In millions) |  | 2025 |  | 2024
Accruals not yet deductible for tax purposes |  | $ | 25.1 |  |  | $ | 30.7 |
Net operating loss carryforwards |  | 222.6 |  |  | 186.3 |
Foreign, federal and state credits |  | 35.5 |  |  | 23.8 |
Employee benefit items |  | 36.8 |  |  | 46.8 |
Capitalized expenses |  | 79.9 |  |  | 138.8 |
Derivatives and other |  | 49.9 |  |  | 45.5 |
Sub-total deferred tax assets |  | 449.8 |  |  | 471.9 |
Valuation allowance |  | (219.8) |  |  | (183.3) |
Total deferred tax assets |  | $ | 230.0 |  |  | $ | 288.6 |
Depreciation and amortization |  | $ | (101.0) |  |  | $ | (97.5) |
Unremitted foreign earnings |  | (1.7) |  |  | (1.6) |
Intangible assets |  | (98.9) |  |  | (103.6) |
Total deferred tax liabilities |  | (201.6) |  |  | (202.7) |
Net deferred tax assets |  | $ | 28.4 |  |  | $ | 85.9 |
Schedule of Reconciliation of the Provision for Income Taxes | As the Company has adopted ASU 2023‑09, the following table presents the reconciliation of provision for income taxes, with the amount computed by applying the statutory federal income tax rate, 21%, for the year ended December 31, 2025:
|  | Year Ended December 31,
(In millions) |  | 2025 |  |  |  |
U.S. federal income tax expense |  | $ | 100.1 |  |  | 21.0 | % |  |  |  |  |  |  |  |
State income taxes, net of federal tax benefit (1) |  | 11.4 |  |  | 2.4 | % |  |  |  |  |  |  |  |
Foreign tax effects: |  |  |  |  |  |  |  |  |  |  |  |
Luxembourg |  |  |  |  |  |  |  |  |  |  |  |
Net change in valuation allowance |  | 16.4 |  |  | 3.4 | % |  |  |  |  |  |  |  |
Other |  | 0.5 |  |  | 0.1 | % |  |  |  |  |  |  |  |
Other foreign jurisdictions |  | 17.5 |  |  | 3.7 | % |  |  |  |  |  |  |  |
Effect of cross-border tax laws |  |  |  |  |  |  |  |  |  |  |  |
Subpart F (net of credits) |  | 13.4 |  |  | 2.8 | % |  |  |  |  |  |  |  |
Other |  | 0.9 |  |  | 0.2 | % |  |  |  |  |  |  |  |
Tax credits |  | (2.6) |  |  | (0.5) | % |  |  |  |  |  |  |  |
Net change in valuation allowance |  | 1.1 |  |  | 0.2 | % |  |  |  |  |  |  |  |
Net change in unrecognized tax benefits |  | (127.9) |  |  | (26.8) | % |  |  |  |  |  |  |  |
Nontaxable or nondeductible items |  | 7.7 |  |  | 1.6 | % |  |  |  |  |  |  |  |
Other |  | (3.2) |  |  | (0.7) | % |  |  |  |  |  |  |  |
Income tax provision and rate |  | $ | 35.3 |  |  | 7.4 | % |  |  |  |  |  |  |  |
(1)For the year ended December 31, 2025, state income taxes in California, Pennsylvania, Iowa, Florida, Tennessee, and North Carolina made up the majority (greater than 50%) of the tax effect in this category. The following table presents the reconciliation of provision for income taxes, with the amount computed by applying the statutory federal income tax rate, 21%, for the years ended December 31, 2024 and 2023:
|  |  |  |  | Year Ended December 31,
(In millions) |  |  |  | 2024 |  | 2023
Computed expected tax |  |  |  |  |  | $ | 96.2 |  |  | 21.0 | % |  | $ | 90.2 |  |  | 21.0 | %
State income taxes, net of federal tax benefit |  |  |  |  |  | 12.1 |  |  | 2.6 | % |  | 4.8 |  |  | 1.1 | %
Foreign earnings taxed at different rates |  |  |  |  |  | 24.9 |  |  | 5.4 | % |  | 4.5 |  |  | 1.0 | %
U.S. tax on foreign earnings |  |  |  |  |  | 10.8 |  |  | 2.4 | % |  | 14.9 |  |  | 3.5 | %
Tax credits |  |  |  |  |  | (24.2) |  |  | (5.3) | % |  | (27.6) |  |  | (6.4) | %
Withholding tax |  |  |  |  |  | 4.4 |  |  | 1.0 | % |  | 6.0 |  |  | 1.4 | %
Net change in valuation allowance |  |  |  |  |  | (3.3) |  |  | (0.7) | % |  | 13.0 |  |  | 3.0 | %
Net change in unrecognized tax benefits |  |  |  |  |  | 12.2 |  |  | 2.7 | % |  | (22.3) |  |  | (5.2) | %
Deferred tax adjustments |  |  |  |  |  | 43.3 |  |  | 9.4 | % |  | 0.4 |  |  | 0.1 | %
Other |  |  |  |  |  | 12.5 |  |  | 2.7 | % |  | 6.5 |  |  | 1.5 | %
Income tax provision and rate |  |  |  |  |  | $ | 188.9 |  |  | 41.2 | % |  | $ | 90.4 |  |  | 21.0 | %
Schedule of Income Taxes Paid (Refund) |
The following table shows the total and components of our income taxes paid (net of refunds received) for each jurisdiction for the year ended December 31, 2025:
|  | Year Ended December 31,
(In millions) |  | 2025 |  |  |  |
Federal |  | $ | 49.5 |  |  |  |  |
State and local |  | $ | 12.2 |  |  |  |  |
Foreign |  |  |  |  |  |
Mexico |  | $ | 25.5 |  |  |  |  |
United Kingdom |  | 13.9 |  |  |  |  |
Argentina |  | 9.7 |  |  |  |  |
Others(1) |  | 61.4 |  |  |  |  |
Total |  | $ | 172.2 |  |  |  |  |
(1)Jurisdictions that do not meet the separate reporting requirement threshold of 5 percent.
Schedule of Unrecognized Tax Benefits Roll Forward | We are providing the following disclosures related to our unrecognized tax benefits and the effect on our effective income tax rate if recognized:
|  | Year Ended December 31,
(In millions) |  | 2025 |  | 2024 |  | 2023
Beginning balance of unrecognized tax benefits |  | $ | 227.4 |  |  | $ | 236.6 |  |  | $ | 420.1 |
Additions for tax positions of current year |  | 3.8 |  |  | 2.3 |  |  | 0.9 |
Additions for tax positions of prior years |  | 9.9 |  |  | 1.8 |  |  | 7.5 |
Reductions for tax positions of prior years |  | (0.2) |  |  | (11.7) |  |  | (0.4) |
Reductions for lapses of statutes of limitation and settlements |  | (207.4) |  |  | (1.6) |  |  | (191.5) |
Ending balance of unrecognized tax benefits |  | $ | 33.5 |  |  | $ | 227.4 |  |  | $ | 236.6 |

X
- Definition Schedule of components of earnings before income tax provision. + References No definition available. + Details
Name: | see_ScheduleOfComponentsOfEarningsBeforeIncomeTaxProvisionTableTableTextBlock
Namespace Prefix: | see_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration