v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Goodwill

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.
Components of Intangible Assets 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.