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Segments (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Net Sales by Reportable Segments
The following table shows Net sales by reportable segment: 
 Year Ended December 31,
(In millions)202520242023
Net sales   
Food$3,594.7 $3,582.6 $3,519.7 
As a % of Consolidated net sales67.1 %66.4 %64.1 %
Protective1,765.1 1,810.0 1,969.2 
As a % of Consolidated net sales32.9 %33.6 %35.9 %
Consolidated Net sales$5,359.8 $5,392.6 $5,488.9 
Schedule of Segment Gross Profit and Reconciliation to Earnings Before Income Tax Provision and Discontinued Operations
The following tables show segment Gross profit and a reconciliation to earnings before income tax provision and discontinued operations:
Year Ended December 31, 2025
(In millions)FoodProtectiveTotal
Net sales$3,594.7 $1,765.1 $5,359.8 
Cost of sales2,496.2 1,261.2 3,757.4 
Segment Gross profit$1,098.5 $503.9 $1,602.4 
Other unallocated cost of sales5.6 
Selling, general and administrative expenses744.9 
Loss on disposal of long-lived assets and businesses, net(26.8)
Amortization expense of intangible assets59.5 
Restructuring charges39.9 
Operating profit725.7 
Interest expense, net(218.9)
Other expense, net(30.3)
Earnings before income tax provision and discontinued operations$476.5 
Year Ended December 31, 2024
(In millions)FoodProtectiveTotal
Net sales$3,582.6 $1,810.0 $5,392.6 
Cost of sales2,490.7 1,276.2 3,766.9 
Segment Gross profit$1,091.9 $533.8 $1,625.7 
Other unallocated cost of sales0.6 
Selling, general and administrative expenses752.6 
Loss on disposal of long-lived assets and businesses, net(16.2)
Amortization expense of intangible assets62.6 
Restructuring charges57.8 
Operating profit735.9 
Interest expense, net(247.6)
Other expense, net(29.9)
Earnings before income tax provision and discontinued operations$458.4 
Year Ended December 31, 2023
(In millions)FoodProtectiveTotal
Net sales$3,519.7 $1,969.2 $5,488.9 
Cost of sales2,485.0 1,362.1 3,847.1 
Segment Gross profit$1,034.7 $607.1 $1,641.8 
Other unallocated cost of sales0.5 
Selling, general and administrative expenses759.1 
Loss on disposal of long-lived assets and businesses, net(49.3)
Amortization expense of intangible assets62.7 
Restructuring charges15.6 
Operating profit754.6 
Interest expense, net(263.0)
Other expense, net(61.9)
Earnings before income tax provision and discontinued operations$429.7 
Schedule of Depreciation And Amortization of Segment The following table shows depreciation and amortization by segment:
 Year Ended December 31,
(In millions)202520242023
Food$193.1 $186.1 $175.7 
Protective91.6 87.9 91.8 
Total Company depreciation and amortization(1)
$284.7 $274.0 $267.5 
(1)Includes share-based incentive compensation of $41.1 million in 2025, $33.0 million in 2024 and $34.2 million in 2023.
Schedule of Restructuring Charges by Segment
Restructuring charges by segment were as follows:
 Year Ended December 31,
(In millions)202520242023
Food$25.1 $31.3 $8.2 
Protective14.8 26.5 7.4 
Total Company restructuring charges$39.9 $57.8 $15.6 
Schedule of Assets Allocated by Reportable Segments
The following table shows assets allocated by reportable segment. Assets allocated by reportable segment include: trade receivables, net; inventories, net; property and equipment, net; goodwill; intangible assets, net; and leased systems, net:
 December 31,
(In millions)202520242023
Assets allocated to segments:  
Food$3,410.2 $3,301.4 $3,386.4 
Protective2,594.7 2,599.6 2,663.4 
Total segments$6,004.9 $5,901.0 $6,049.8 
Assets not allocated:
Cash and cash equivalents 344.0 371.8 346.1 
Income tax receivables57.3 25.0 44.9 
Other receivables96.5 135.9 167.0 
Deferred taxes70.0 112.0 130.8 
Other440.1 476.4 462.0 
Total assets$7,012.8 $7,022.1 $7,200.6 
Schedule of Net Sales and Long-lived Assets Allocated by Geography
The following table shows net sales and total long-lived assets allocated by geography. Sales are attributed to the country/region in which they originate:
 Year Ended December 31,
(In millions)202520242023
Net sales(1):
   
Americas(1)
$3,430.8 $3,526.1 $3,578.3 
EMEA1,172.7 1,107.9 1,149.3 
APAC756.3 758.6 761.3 
Total$5,359.8 $5,392.6 $5,488.9 
Total long-lived assets(2):
Americas(2)
$1,081.7 $1,106.0  
EMEA445.1 397.0  
APAC262.4 255.2  
Total$1,789.2 $1,758.2  
 
(1)U.S. net sales were $2,753.0 million, $2,857.6 million, and $2,913.6 million for the years ended December 31, 2025, 2024, and 2023, respectively. No non-U.S. country accounted for net sales in excess of 10% of consolidated net sales for the years ended December 31, 2025, 2024, or 2023. Sales are allocated to the country/region based on where each sale originated.
(2)Total long-lived assets represent total assets excluding total current assets, deferred tax assets, goodwill, and intangible assets. Total long-lived assets in the U.S. were $982.1 million and $1,024.8 million at December 31, 2025 and 2024, respectively. No non-U.S. country had long-lived assets in excess of 10% of consolidated long-lived assets at December 31, 2025 or 2024.