v3.24.1.u1
Goodwill and Identifiable Intangible Assets, net (Tables)
 3 Months Ended
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)FoodProtectiveTotal
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, 2024December 31, 2023
(In millions)Gross
Carrying Value		Accumulated AmortizationNetGross
Carrying Value		Accumulated AmortizationNet
Customer relationships$286.5 $(74.2)$212.3 $287.7 $(69.3)$218.4 
Trademarks and tradenames57.0 (20.6)36.4 57.0 (19.4)37.6 
Software151.2 (117.3)33.9 148.2 (112.8)35.4 
Technology196.8 (63.8)133.0 197.5 (60.1)137.4 
Contracts11.4 (10.3)1.1 11.5 (10.2)1.3 
Total intangible assets with definite lives702.9 (286.2)416.7 701.9 (271.8)430.1 
Trademarks and tradenames with indefinite lives8.9 — 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, 2024December 31, 2023
(In millions)Gross
Carrying Value		Accumulated AmortizationNetGross
Carrying Value		Accumulated AmortizationNet
Customer relationships$286.5 $(74.2)$212.3 $287.7 $(69.3)$218.4 
Trademarks and tradenames57.0 (20.6)36.4 57.0 (19.4)37.6 
Software151.2 (117.3)33.9 148.2 (112.8)35.4 
Technology196.8 (63.8)133.0 197.5 (60.1)137.4 
Contracts11.4 (10.3)1.1 11.5 (10.2)1.3 
Total intangible assets with definite lives702.9 (286.2)416.7 701.9 (271.8)430.1 
Trademarks and tradenames with indefinite lives8.9 — 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 
202557.2 
202646.1 
202739.7 
202839.0 
Thereafter186.9 
Total$416.7