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Revenue Recognition, Contracts with Customers (Tables)
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts With Customers Summarized by Segment
For the three months ended March 31, 2024 and 2023, revenues from contracts with customers summarized by Segment and Geographic region were as follows:
Three Months Ended
March 31, 2024
(In millions)FoodProtectiveTotal
Americas$578.6 $296.3 $874.9 
EMEA172.7 99.5 272.2 
APAC110.9 63.5 174.4 
Topic 606 Segment Revenue862.2 459.3 1,321.5 
Non-Topic 606 Revenue (Leasing: Sales-type and Operating)6.2 1.9 8.1 
Total$868.4 $461.2 $1,329.6 

Three Months Ended
March 31, 2023
(In millions)FoodProtectiveTotal
Americas$566.1 $306.2 $872.3 
EMEA169.2 119.6 288.8 
APAC112.3 68.6 180.9 
Topic 606 Segment Revenue847.6 494.4 1,342.0 
Non-Topic 606 Revenue (Leasing: Sales-type and Operating)5.5 1.3 6.8 
Total$853.1 $495.7 $1,348.8 
Opening and Closing Balances of Contract Assets and Contract Liabilities The following contract assets and liabilities are included within Prepaid expenses and other current assets and Other current liabilities, or Other non-current liabilities on our Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023:
(In millions)March 31, 2024December 31, 2023
Contract assets$0.4 $0.4 
Contract liabilities$20.6 $19.9 
Summary of Estimated Transaction Price from Contracts With Customers Allocated to Performance Obligations Remaining Performance Obligation, Expected Timing of Satisfaction
The following table summarizes the estimated transaction price from contracts with customers allocated to performance obligations or portions of performance obligations that have not yet been satisfied as of March 31, 2024 and December 31, 2023, as well as the expected timing of recognition of that transaction price.
(In millions)March 31, 2024December 31, 2023
Short-Term (12 months or less)(1)
$13.3 $13.3 
Long-Term7.3 6.6 
Total transaction price$20.6 $19.9 
(1) Our enforceable contractual obligations tend to be short term in nature. The table above does not include the transaction price of any remaining performance obligations that are part of the contracts with expected durations of one year or less.