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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill by reportable segment was as follows:
Reynolds
Cooking &
Baking
Hefty Waste
& Storage
Hefty
Tableware
Presto
Products
Total
(in millions)
Balance as of December 31, 2023$794 $505 $298 $298 $1,895 
Movements— — — — — 
Balance as of December 31, 2024794 505 298 298 1,895 
Movements— — — — — 
Balance as of December 31, 2025$794 $505 $298 $298 $1,895 
Intangible assets, net consisted of the following:
As of December 31, 2025As of December 31, 2024
Gross
carrying
amount
Accumulated
amortization 		Net
Gross
carrying
amount
Accumulated
amortization 		Net
(in millions)
Finite-lived intangible assets      
Customer relationships$580 $(487)$93 $580 $(458)$122 
Trade names25 (25)— 25 (25)— 
Total finite-lived intangible assets605 (512)93 605 (483)122 
Indefinite-lived intangible assets      
Trade names850 — 850 850 — 850 
Total intangible assets$1,455 $(512)$943 $1,455 $(483)$972 
Amortization expense for intangible assets was $29 million, $29 million and $30 million for the years ended December 31, 2025, 2024 and 2023, respectively, and has been recognized in selling, general and administrative expenses.
Estimated annual amortization for intangible assets over the next five calendar years are as follows:
(in millions)20262027202820292030
Estimated annual amortization$22 $21 $18 $17 $15