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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Reportable Segment
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 
Schedule of Intangible Assets, Net
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 
Schedule of Estimated Annual Amortization for Intangible Assets
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