Goodwill represents the excess of the cost of an acquired business over the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed in a business combination. At June 30, 2026 and December 31, 2025, we had $1,416.3 million and $1,372.3 million of goodwill recorded in our Packaging segment, which represents the entire goodwill balance reported on our Consolidated Balance Sheets.

Changes in the carrying amount of our goodwill are as follows (dollars in millions):


	Goodwill
Balance at January 1, 2026	$	1,372.3
Acquisitions (a)		44.0
Balance at June 30, 2026	$	1,416.3

(a)

During the six months ended June 30, 2026, the Company recorded a measurement period adjustment of $29.9 million to goodwill related to the Greif Acquisition. Additionally, the Company recorded $14.1 million of goodwill associated with recent acquisitions completed in the Packaging segment during the first six months of 2026.

Intangible assets are primarily comprised of customer relationships and trademarks and trade names. The weighted average remaining useful life, gross carrying amount, and accumulated amortization of our intangible assets were as follows (dollars in millions):


	June 30, 2026						December 31, 2025
	Weighted Average Remaining Useful Life (in Years)		Gross Carrying Amount		Accumulated Amortization		Weighted Average Remaining Useful Life (in Years)		Gross Carrying Amount		Accumulated Amortization
Customer relationships (b)		12.1	$	966.0	$	438.8		12.4	$	966.0	$	407.2
Trademarks and trade names (b)		4.4		81.3		42.9		4.8		81.3		37.8
Other		0.4		4.4		4.4		0.9		4.4		4.4
Total intangible assets (excluding goodwill)		11.5	$	1,051.7	$	486.1		11.8	$	1,051.7	$	449.4

(b)

In connection with the September 2025 Greif Acquisition, the preliminary valuation of intangible assets is $420.0 million for customer relationships and $40.0 million for trademarks. See Note 4, Acquisitions for additional information.

During the six months ended June 30, 2026 and 2025, amortization expense was $36.7 million and $18.8 million, respectively.