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 Sealed Air Reports Third Quarter 2016 Results
   Thursday, October 27, 2016 7:30:02 AM ET

--Third Quarter 2016 Adjusted EPS of $0.71 and Adjusted EBITDA of $304 Million or 17.7% of Net Sales

--Updated Outlook for Full Year 2016; Re-affirmed $550 million Free Cash Flow Guidance

--Announced on October 17, 2016 Plan to Pursue Tax-Free Spin-Off of Diversey Care and Related Hygiene Solutions Business

Sealed Air Corporation (SEE ) today announced financial results for third quarter 2016. Commenting on these results, Jerome A. Peribere, President and Chief Executive Officer, said, "In the third quarter, we delivered strong margin performance and cash flow generation as a result of our operating discipline and focus on working capital management. As we were expecting, we experienced notable increasing demand for our protein packaging, e-Commerce and advanced hygiene solutions in North America and targeted countries throughout Europe and Asia. These positive trends were offset by macro headwinds in emerging countries, Australia and the industrial market. Despite softer sales growth in the quarter and for the full year 2016, we continue to expect performance to improve on both the top and bottom line in Q4 and throughout 2017 as we continue building a robust pipeline for our innovative solutions and capitalize on end market growth opportunities."



Peribere continued, "Since 2013, we have made significant progress improving the quality of earnings, delivering leading innovations to our customers, and building a performance-based winning culture. As we look beyond 2016, we believe pursuing a tax-free spin-off of Diversey Care and our related hygiene business is the next step in our strategic transformation and will enable us to unlock meaningful value for customers and shareholders. This transaction would create two industry-leading, publicly-traded companies with unique and compelling investment opportunities, accelerated growth strategies and disciplined, returns-based approaches to capital allocation."

Unless otherwise stated, all results compare third quarter 2016 results to third quarter 2015 results. Year-over-year financial discussions present operating results as reported, and on an organic or constant dollar basis. Constant dollar refers to unit volume and price/mix performance and excludes the impact of currency translation from all periods referenced. Organic refers to unit volume and price/mix performance and excludes the impact of currency translation and the results from the divestiture of the North American foam trays and absorbent pads business, which was divested on April 1, 2015, and the divestiture of the European food trays business in November 2015 (together "divestitures"), from all periods referenced. Additionally, non-U.S. GAAP adjusted financial measures, such as Adjusted Earnings Before Interest Expense, Taxes, Depreciation and Amortization ("Adjusted EBITDA"), Adjusted Net Earnings, Adjusted Diluted Earnings Per Share ("Adjusted EPS") and Adjusted Tax Rate, exclude the impact of special items, such as restructuring charges, charges related to ceasing operations in Venezuela, cash-settled stock appreciation rights ("SARs") granted as part of the Diversey acquisition and certain other infrequent or one-time items. Please refer to the financial statements included with this press release for a reconciliation of Non-U.S. GAAP to U.S. GAAP financial measures.

Third Quarter 2016 Highlights

-- Food Care net sales of $815 million decreased 2.6% as reported. Currency had a negative impact on Food Care net sales of 2.0%, or $17 million, and the divestiture had a negative impact of 1.8%, or $15 million. On an organic basis, net sales increased 1.2% due to favorable price/mix of 1.3% and relatively flat volume growth. Volume growth of more than 3% in North America and positive trends in EMEA were offset by weakness in Latin America, and Asia Pacific. Adjusted EBITDA of $173 million or 21.2% of net sales was attributable to favorable price/cost spread and restructuring savings, which were partially offset by higher non-material manufacturing expenses, unfavorable currency translation and divestitures of non-core assets.

-- Diversey Care net sales of $497 million decreased 0.8% as reported and increased 1.5% on a constant dollar basis. Currency had a negative impact on Diversey Care net sales of 2.3%, or $12 million in the quarter. Price/mix of 2.8%, which was favorable across all the regions, was partially offset by lower volumes of 1.3%. North America, Europe and Asia Pacific delivered positive volume trends that were offset by declines in MEA and Latin America. Diversey Care’s Adjusted EBITDA was $65 million or 13.0% of net sales. Adjusted EBITDA performance was attributable to favorable price/cost spread and restructuring savings, which were offset by targeted investments in marketing and research and development, salary and wage inflation and lower volumes.

-- Product Care net sales of $389 million in the third quarter were relatively flat as reported and on a constant dollar basis. Currency had a negative impact on Product Care net sales of 0.5%, or $2 million. Sales volume increased 2.6%, which was offset by unfavorable price/mix of 2.3%. North America volumes were up 6% as a result of continued strength in e-Commerce offset by rationalization efforts and ongoing weakness in the industrial market. Adjusted EBITDA was $88 million or 22.7% of net sales. Adjusted EBITDA performance was primarily related to higher volumes.

Tax-Free Spin-Off of Diversey Care and Related Hygiene Business

On October 17, 2016, Sealed Air announced a plan to pursue the tax-free spin-off of its Diversey Care division and the food hygiene and cleaning business within its Food Care division (together "New Diversey"). The tax-free spin-off would create two independent companies, New Sealed Air (the remaining Sealed Air business) and New Diversey, each with an enhanced strategic focus, simplified operating structure, distinct investment identity and strong financial profile.

Under the spin-off plan, if effectuated, Sealed Air’s shareholders would own 100% of the common stock of New Diversey following completion of the spin-off. The spin-off company would be led by Dr. Ilham Kadri, currently President of Diversey Care. The transaction is expected to be completed in the second half of 2017, subject to final approval by Sealed Air’s Board of Directors, as well as satisfaction of customary conditions, including the effectiveness of appropriate filings with the U.S. Securities and Exchange Commission ("SEC"), and it is intended to qualify as a tax-free distribution to Sealed Air shareholders for U.S. federal income tax purposes. Sealed Air anticipates filing a Form 10 relating to the transaction with the SEC as early as the first quarter of 2017.

Third Quarter 2016 U.S. GAAP Summary

Net sales of $1.7 billion decreased 1.7% on an as reported basis. Currency had a negative impact on total net sales of 1.8%, or $31 million, and the Food Care divestitures had a negative impact on total sales of 0.8%, or $15 million, in the third quarter 2016. As reported, net sales in North America increased 1.6%, EMEA declined 5.8% and Latin America and Asia Pacific also declined 2.9% and 0.6%, respectively.

Net income on a reported basis was $163 million, or $0.83 per diluted share as compared to $87 million, or $0.42 per diluted share in the third quarter 2015. Net earnings in the third quarter 2016 were favorably impacted by $24 million of special items, primarily related to the release of certain tax reserves, as described more fully below, partially offset by restructuring charges and other restructuring associated costs. Net earnings in the third quarter 2015 included $57 million of special items, primarily consisting of restructuring and other restructuring associated costs, as well as a tax reserve recorded in relation to the tax refund received on the Settlement agreement (as defined in our 2015 Annual Report on Form 10-K), partially offset by the release of certain tax reserves recorded at the time of the Diversey Holdings, Inc. acquisition, for which the statute of limitations had expired.

The effective tax rate in the third quarter of 2016 was 5.5%, compared to the effective tax rate of 31.3% in the third quarter of 2015. The effective tax rate was favorably impacted by $32 million related to the release of certain tax reserves recorded at the time of the Diversey Holdings, Inc. acquisition, for which the statute of limitations had expired.

Third Quarter 2016 Non-U.S. GAAP Summary

Net sales on an organic basis increased 0.9%. On a constant dollar basis, Latin America was up 8.7% followed by North America, which delivered constant dollar sales growth of 1.6%. Volume growth in North America and Europe were offset by declines in MEA and Asia Pacific. Organic sales in EMEA and Asia Pacific declined 0.5% and 3.1%, respectively.

Adjusted EBITDA for the third quarter 2016 was $304 million, or 17.7% of net sales. This margin performance was attributable to a favorable price/cost spread and restructuring savings, partially offset by $4 million of unfavorable currency translation, divestitures of $3 million as well as salary and wage inflation and higher non-material manufacturing expenses.

Adjusted EPS was $0.71 for the third quarter 2016. This compares to Adjusted EPS of $0.70 in the third quarter 2015. The Adjusted Tax Rate was 23.1% in the third quarter 2016, compared to 18.8% in the third quarter 2015. The Adjusted Tax Rate in the third quarter of 2016 was negatively impacted by an increase in valuation allowances on foreign tax credits.

Cash Flow and Net Debt

Cash flow provided by operating activities in the nine months ended September 30, 2016 was $470 million, which is net of $51 million of restructuring payments. This compares with cash provided by operating activities of $701 million in the nine months ended September 30, 2015. In March 2015, the Company received a tax refund of $235 million related to the payment of funds in connection with the Settlement agreement. Excluding the tax refund, cash flow provided by operating activities in the first nine months of 2015 was $466 million, which is net of $72 million of restructuring and $20 million of SARs payments.

Capital expenditures increased to $190 million, as planned, in the nine months ended September 30, 2016 and compared to $112 million in the nine months ended September 30, 2015. Free Cash Flow, defined as net cash provided by (used in) operating less capital expenditures, was an inflow of $280 million in the nine months ended September 30, 2016. This compares to an inflow of $353 million in the nine months ended September 30, 2015, excluding the tax refund related to the payment of funds in connection with the Settlement agreement.

Compared to December 31, 2015, the Company’s net debt increased $132 million to $4.3 billion as of September 30, 2016. This increase in borrowings primarily resulted from a use of working capital, higher capital expenditures, and amounts paid for share repurchases and dividends.

During the third quarter 2016, the Company repurchased approximately 3.5 million shares for approximately $165 million, and paid cash dividends of $31 million. In the nine month ended September 30, 2016, the Company repurchased 4.7 million shares for approximately $217 million, and paid cash dividends of $90 million.

Updated Outlook for Full Year 2016*

For the full year 2016, the Company expects to achieve Net Sales of approximately $6.8 billion and Adjusted EBITDA of approximately $1.17 billion. Currency is expected to have a negative impact of approximately $225 million on net sales and $35 million on Adjusted EBITDA. The outlook for Adjusted EPS is expected to be approximately $2.60. The outlook assumes an Adjusted Tax Rate of 24%. Adjusted EPS guidance excludes the impact of special items. The Company continues to anticipate 2016 Free Cash Flow to be approximately $550 million, including capital expenditures of approximately $275 million and cash restructuring payments of approximately $90 million.

Conference Call Information

Date:                   Thursday, October 27, 2016
-------------------
Time:                                                         11:00am (ET)
-------------------
Webcast:                                                      www.sealedair.com/investors
-------------------
Conference Dial In:                                           (888) 680-0878 (domestic)
-------------------
                                                              (617) 213-4855 (international)
Participant Code:                                             72265248
-------------------
                                                                                              

A supplemental presentation accompanying the conference call will be available on the Company’s website at www.sealedair.com/investors.

Conference Call Replay Information

Dates:                  Thursday, October 27, 2016 at 3:00pm (ET) through
-------------------
                                                              Saturday, November 26, 2016 at 2:59pm (ET)
Webcast:                                                      www.sealedair.com/investors
-------------------
Conference Dial In:                                           (888) 286-8010 (domestic)
-------------------
                                                              (617) 801-6888 (international)
Participant Code:                                             19315392
-------------------
                                                                                                                 

Business

Sealed Air Corporation creates a world that feels, tastes and works better. In 2015, the Company generated revenue of approximately $7.0 billion by helping our customers achieve their sustainability goals in the face of today’s biggest social and environmental challenges. Our portfolio of widely recognized brands, including Cryovac(R) brand food packaging solutions, Bubble Wrap(R) brand cushioning and Diversey(R) cleaning and hygiene solutions, enables a safer and less wasteful food supply chain, protects valuable goods shipped around the world, and improves health through clean environments. Sealed Air has approximately 23,000 employees who serve customers in 169 countries. To learn more, visit www.sealedair.com.

Website Information

We routinely post important information for investors on our website, www.sealedair.com, in the "Investor Relations" section. We use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investor Relations section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.

Non-U.S. GAAP Information

In this press release and supplement, we have included several non-U.S. GAAP financial measures, including Adjusted Net Earnings and Adjusted EPS, net sales on a "constant dollar" or "organic" basis, Free Cash Flow, Adjusted EBITDA and Adjusted Tax Rate, as our management believes these measures are useful to investors. We present results and guidance, adjusted to exclude the effects of certain specified items ("special items") and their related tax impact that would otherwise be included under U.S. GAAP, to aid in comparisons with other periods or prior guidance. In addition, non-U.S. GAAP measures are used by management to review and analyze our operating performance and, along with other data, as internal measures for setting annual budgets and forecasts, assessing financial performance, providing guidance and comparing our financial performance with our peers and may also be used for purposes of determining incentive compensation. The non-U.S. GAAP information has limitations as an analytical tool and should not be considered in isolation from or as a substitute for U.S. GAAP information. It does not purport to represent any similarly titled U.S. GAAP information and is not an indicator of our performance under U.S. GAAP. Non-U.S. GAAP financial measures that we present may not be comparable with similarly titled measures used by others. Investors are cautioned against placing undue reliance on these non-U.S. GAAP measures. For a reconciliation of these non-U.S. GAAP measures to U.S. GAAP and other important information on our use of non-U.S. GAAP financial measures, see the attached supplementary information entitled "Condensed Consolidated Statements of Cash Flows" (under the section entitled "Non-U.S. GAAP Free Cash Flow"), "Reconciliation of U.S. GAAP Net Earnings and U.S. GAAP Net Earnings Per Share to Non-U.S. GAAP Adjusted Net Earnings and Non-U.S. GAAP Adjusted Net Earnings Per Share" "Segment Information," "Reconciliation of Non-U.S. GAAP Total Company Adjusted EBITDA to U.S. GAAP Net Earnings from Continuing Operations," "Components of Change in Net Sales by Segment," "Components of Changes in Net Sales by Region," "Components of Organic Change in Net Sales by Segment," and "Components of Organic Changes in Net Sales by Region." Information reconciling forward-looking non-U.S. GAAP measures to U.S. GAAP measures is not available without unreasonable effort.

*We have not provided guidance for the most directly comparable U.S. GAAP financial measures, as they are not available without unreasonable effort due to the high variability, complexity, and low visibility with respect to certain special items, including gains and losses on the disposition of businesses, the ultimate outcome of certain legal or tax proceedings, foreign currency gains or losses resulting from the volatile currency market in Venezuela, and other unusual gains and losses. These items are uncertain, depend on various factors, and could be material to our results computed in accordance with U.S. GAAP.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 concerning our business, consolidated financial condition and results of operations. Forward-looking statements are subject to risks and uncertainties, many of which are outside our control, which could cause actual results to differ materially from these statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by such words as "anticipates," "believes," "plan," "assumes," "could," "should," "estimates," "expects," "intends," "potential," "seek," "predict," "may," "will" and similar references to future periods. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding expected future operating results, expectations regarding the results of restructuring and other programs, anticipated levels of capital expenditures and expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings. The following are important factors that we believe could cause actual results to differ materially from those in our forward-looking statements: the tax benefits associated with the Settlement agreement (as defined in our 2015 Annual Report on Form 10-K), global economic and political conditions, changes in our credit ratings, changes in raw material pricing and availability, changes in energy costs, competitive conditions, the success of the spin of the Diversey Care division and food hygiene and cleaning business, the success of our restructuring activities, currency translation and devaluation effects, the success of our financial growth, profitability, cash generation and manufacturing strategies and our cost reduction and productivity efforts, the success of new product offerings, the effects of animal and food-related health issues, pandemics, consumer preferences, environmental matters, regulatory actions and legal matters, and the other information referenced in the "Risk Factors" section appearing in our most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, and as revised and updated by our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement made by us is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                      
                                                                                                                                                                                                     SEALED AIR CORPORATION
                                                                                                                                                                                                    SUPPLEMENTARY INFORMATION
                                                                                                                                                                                       CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(1)
                                                                                                                                                                                                           (Unaudited)
                                                                                                                                                                                              (In millions, except per share data)
                                                                                                                                                                                                                                                    
                                                                                                                                                                         Three Months Ended                                                                                                                                                             Nine Months Ended
                                                                                                                                                                            September 30,                                                                                                                                                                 September 30,
                                                                                                               ---------------------------------------------------------------------------------------------------------------------------------------                                          --------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                         2016                                                                          2015                                                                                            2016                                                                      2015
                                                                                                               ---------------------------------------------------------                     ---------------------------------------------------------                                          --------------------------------------------------                     ---------------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                 
Net sales                                                                                                                         $        1,716.6                                                              $        1,746.2                                                                                   $ 5,034.2                                                              $        5,277.6
Cost of sales(2)                                                                                                        1,076.6                                 1,109.6                                               3,143.5                                 3,327.6  
                                                                                                               -------------------- -------------- --------------------                      -------------------- -------------- --------------------                                           -------------------- ------- --------------------                      -------------------- -------------- --------------------
Gross profit                                                                                                                                 640.0                                                                         636.6                                                                                     1,890.7                                                                       1,950.0
   As a % of total net sales                                                                                                                  37.3 %                                                                        36.5 %                                                                                      37.6 %                                                                        36.9 %
Selling, general and administrative expenses(2)                                                                                              390.3                                                                         400.6                                                                                     1,199.8                                                                       1,243.7
   As a % of total net sales                                                                                                                  22.7 %                                                                        22.9 %                                                                                      23.8 %                                                                        23.6 %
Amortization expense of intangible assets acquired                                                                                            23.5                                                                          21.8                                                                                        72.4                                                                          67.4
Stock appreciation rights expense(3)                                                                                                          (0.3 )                                                                        (0.4 )                                                                                      (0.1 )                                                                         4.1
Restructuring and other charges(2)                                                                                          1.6                                    38.4                                                   3.5                                    68.0  
                                                                                                               -------------------- -------------- --------------------                      -------------------- -------------- --------------------                                           -------------------- ------- --------------------                      -------------------- -------------- --------------------
Operating profit                                                                                                                             224.9                                                                         176.2                                                                                       615.1                                                                         566.8
Interest expense                                                                                                                             (52.8 )                                                                       (54.8 )                                                                                    (161.8 )                                                                      (172.3 )
Foreign currency exchange loss related to Venezuelan subsidiaries(4)                                                                          (0.4 )                                                                        (1.0 )                                                                                      (3.2 )                                                                       (30.7 )
Charges related to Venezuelan subsidiaries(2)                                                                                       --                                                                --                                                                                       (46.0 )                                                              --
Loss on debt redemption and refinancing activities(5)                                                                                         (0.1 )                                                                         0.6                                                                                        (0.1 )                                                                      (110.7 )
Gain (loss) on sale of business(6)                                                                                                  --                                                                          (0.5 )                                                                                      (1.6 )                                                                        28.7
Other income, net                                                                                                           1.2                                     5.5                                                   5.7                                    18.4  
                                                                                                               -------------------- -------------- --------------------                      -------------------- -------------- --------------------                                           -------------------- ------- --------------------                      -------------------- -------------- --------------------
Earnings before income tax provision                                                                                                         172.8                                                                         126.0                                                                                       408.1                                                                         300.2
Income tax provision(7)                                                                                                     9.5                                    39.4                                                  92.8                                    88.3  
                                                                                                               -------------------- -------------- --------------------                      -------------------- -------------- --------------------                                           -------------------- ------- --------------------                      -------------------- -------------- --------------------
Effective income tax rate                                                                                                                      5.5 %                                                                        31.3 %                                                                                      22.7 %                                                                        29.4 %
Net income                                                                                                                        $          163.3                                           $           86.6                                                                $   315.3                                           $          211.9  
                                                                                                               ==================== ============== ====================                      ==================== ============== ====================                                           ==================== ======= ====================                      ==================== ============== ====================
Net earnings per common share(8):
      Basic:(7)                                                                                                                   $           0.84                                           $           0.43                                                                $    1.60                                           $           1.02  
                                                                                                               ==================== ============== ====================                      ==================== ============== ====================                                           ==================== ======= ====================                      ==================== ============== ====================
      Diluted:(7)                                                                                                          0.83                                    0.42                                                  1.59                                    1.01  
                                                                                                               ==================== ============== ====================                      ==================== ============== ====================                                           ==================== ======= ====================                      ==================== ============== ====================
Dividends per common share                                                                                                        $           0.16                                           $           0.13                                                                $    0.45                                           $           0.39  
                                                                                                               ==================== ============== ====================                      ==================== ============== ====================                                           ==================== ======= ====================                      ==================== ============== ====================
Weighted average number of common shares outstanding:
      Basic                                                                                                               194.1                                   202.9                                                 195.0                                   206.7  
                                                                                                               ==================== ============== ====================                      ==================== ============== ====================                                           ==================== ======= ====================                      ==================== ============== ====================
      Diluted(7)                                                                                                          196.7                                   205.8                                                 197.5                                   209.5  
                                                                                                               ==================== ============== ====================                      ==================== ============== ====================                                           ==================== ======= ====================                      ==================== ============== ====================
_______________________
(1)       The supplementary information included in this press release for
                             2016 is preliminary and subject to change prior to the filing of our
                             upcoming Quarterly Report on Form 10-Q with the Securities and
                             Exchange Commission.
(2)                          Due to the ongoing challenging economic situation in Venezuela, the
                             Company approved a program in the second quarter of 2016 to cease
                             operations in the country. This resulted in total costs of $52.1
                             million being incurred which included a voluntary reduction in
                             headcount including severance and termination benefits for employees
                             of approximately $0.3 million recorded in restructuring and other
                             charges, depreciation and amortization expense related to fixed
                             assets and intangibles of approximately $4.8 million recorded in
                             selling, general and administrative expenses, inventory reserves of
                             $1.0 million recorded in costs of sales and the release of
                             cumulative translation adjustment of approximately $46.0 million
                             recorded in charges related to Venezuelan subsidiaries.
(3)                          The remaining amount of cash-settled stock appreciation rights
                             ("SARs") were fully vested as of March 31, 2015. However, we will
                             continue to incur expense related to these SARs until the last
                             expiration date of these awards (February 2020). The amount of
                             related future expense will fluctuate based on exercise and
                             forfeiture activity and changes in the assumptions used in the
                             valuation model, including the price of Sealed Air common stock.
(4)                          Based on changes to the Venezuelan currency exchange rate
                             mechanisms, in the first quarter of 2015, we changed the exchange
                             rate we used to remeasure our Venezuelan subsidiaries’ financial
                             statements into U.S. dollars. Starting June 30, 2015 through to
                             December 31, 2015, we concluded that we would use the SIMADI rate to
                             remeasure our bolivar denominated monetary assets and liabilities
                             since it was our only legally available option and at that time, our
                             intent on a go-forward basis to utilize this market to settle any
                             future transactions based on the then current facts and
                             circumstances. As a result of this evaluation, we recorded a
                             remeasurement loss of $1 million and $31 million in the three and
                             nine months ended September 30, 2015, respectively.
                             In the first quarter of 2016, based on further changes in the
                             Venezuelan exchange rate mechanisms whereby the SIMADI rate was
                             eliminated and replaced by the DICOM rate, we used the DICOM rate to
                             remeasure our bolivar denominated monetary assets and liabilities.
                             As a result of this evaluation, the Company reported a remeasurement
                             loss of less than $1 million and $3 million in the three and nine
                             months ended September 30, 2016, respectively.
(5)                          In June 2015, we issued $400 million of 5.5% senior notes due 2025
                             and EUR400 million of 4.5% senior notes due 2023 and used the net
                             proceeds of these notes to retire the existing $750 million of
                             8.375% senior notes due 2021. The aggregate repurchase price was
                             $866 million, which primarily included the principle amount of $750
                             million, premium of $99 million and accrued interest of $17 million.
                             We recognized a total net pre-tax loss of $111 million in the three
                             months ended June 30, 2015, which included the premiums mentioned
                             above. Also included in the loss on debt redemption was $11 million
                             of accelerated amortization of original non-lender fees related to
                             the 8.375% senior notes.
(6)                          In April 2015, we completed the sale of our North American foam
                             trays and absorbent pads business for a gain of $29 million. In
                             November 2015, we completed the sale of our European food trays
                             business for a pre-tax loss of $13 million and reported an
                             additional loss of $1.6 million in 2016.
(7)                          The Company early adopted ASU 2016-09 on a prospective basis as
                             required, related to the recognition of excess tax benefits to the
                             income statement which were previously recorded in additional
                             paid-in capital, effective January 1, 2016. This resulted in an
                             additional 377,130 and 370,090 diluted weighted average number of
                             common shares outstanding for the three and nine months ended
                             September 30, 2016, respectively, and recognition of excess tax
                             benefits of $1.8 million and $12.4 million in income tax provision
                             for the three and nine months ended September 30, 2016,
                             respectively. As a result, net earnings per share increased by $0.01
                             per share and $0.06 per share for the three and nine months ended
                             September 30, 2016, respectively.
(8)                          Net earnings per common share are calculated under the two-class
                             method. See our Annual Report on Form 10-K for year ended December
                             31, 2015 for more information on the two-class method.
 
 
                                                                                            SEALED AIR CORPORATION
                                                                                           SUPPLEMENTARY INFORMATION
                                                                                   CONDENSED CONSOLIDATED BALANCE SHEETS(1)
                                                                                                  (Unaudited)
                                                                                                 (In millions)
                                                                                 
                                                                                                                  September 30,                                                          December 31,
                                                                                                                      2016                                                                  2015(2)
                                                                                                          -----------------------------                                          -----------------------------
Assets
Current assets:
  Cash and cash equivalents                                                                                                  $   332.8                                                              $   358.4
  Trade receivables, net                                                                                                         779.4                                                                  758.4
  Other receivables                                                                                                              169.2                                                                  147.5
  Inventories                                                                                                                    766.0                                                                  660.8
  Assets held for sale                                                                                                             7.0                                                                   10.3
  Other current assets                                                                                        321.7                                               280.2
                                                                                                          -------------------- -------                                           -------------------- -------
Total current assets                                                                                                           2,376.1                                                                2,215.6
Property and equipment, net(2)                                                                                                 1,033.5                                                                  945.7
Goodwill                                                                                                                       2,913.5                                                                2,909.5
Intangible assets, net                                                                                                           741.8                                                                  784.3
Other assets, net                                                                                             540.9                                               549.9
                                                                                                          -------------------- -------                                           -------------------- -------
Total assets                                                                                                                 $ 7,605.8                                                              $ 7,405.0
                                                                                                          ==================== =======                                           ==================== =======
Liabilities and stockholders’ equity
Current liabilities:
  Short-term borrowings                                                                                                      $   332.2                                                              $   241.9
  Current portion of long-term debt                                                                                              328.6                                                                   46.6
  Accounts payable                                                                                                               823.3                                                                  675.3
  Other current liabilities                                                                                   799.7                                               843.3
                                                                                                          -------------------- -------                                           -------------------- -------
Total current liabilities                                                                                                      2,283.8                                                                1,807.1
Long-term debt, less current portion                                                                                           4,000.7                                                                4,266.8
Other liabilities(2)                                                                                          768.5                                               804.0
                                                                                                          -------------------- -------                                           -------------------- -------
Total liabilities                                                                                           7,053.0                                             6,877.9
                                                                                                          -------------------- -------                                           -------------------- -------
Stockholders’ equity                                                                                          552.8                                               527.1
                                                                                                          -------------------- -------                                           -------------------- -------
Total liabilities and stockholders’ equity                                                                                   $ 7,605.8                                                              $ 7,405.0
                                                                                                          ==================== =======                                           ==================== =======
_______________________
(1)       The supplementary information included in this press release for
                             2016 is preliminary and subject to change prior to the filing of our
                             upcoming Quarterly Report on Form 10-Q with the Securities and
                             Exchange Commission.
(2)                          During the first quarter of 2016, the Company adopted ASU 2015-03,
                             Interest--Imputation of Interest (Subtopic 835-30): Simplifying the
                             Presentation of Debt Issuance Costs ("ASU 2015-03") and ASU 2015-15,
                             Interest--Imputation of Interest (Subtopic 835-30), Presentation and
                             Subsequent Measurement of Debt Issuance Costs Associated with
                             Line-of-Credit Arrangements ("ASU 2015-15"), which resulted in a
                             decrease in other assets of $36 million and a decrease in long-term
                             debt of $36 million as of December 31, 2015 on the Condensed
                             Consolidated Balance Sheets. Additionally, amounts related to asset
                             retirement obligations were recorded as of December 31, 2015. This
                             resulted in an increase to property and equipment, net and other
                             liabilities of $15 million.
                                                                                                                                                                                       
                                                                              CALCULATION OF NET DEBT (1)
                                                                            
                                                                                       September 30,                                                             December 31,
                                                                                           2016                                                                     2015(2)
                                                                               -----------------------------                                             -----------------------------
                                                                                                                                                                                       
                                                                                                                                                                                       
Short-term borrowings                                                                             $   332.2                                                                 $   241.9
Current portion of long-term debt                                                                     328.6                                                                      46.6
Long-term debt, less current portion                                             4,000.7                                                4,266.8
                                                                               -------------------- -------                                              -------------------- -------
Total debt                                                                                          4,661.5                                                                   4,555.3
Less: cash and cash equivalents                                                   (332.8 )                                               (358.4 )
                                                                               -------------------- -------                                              -------------------- -------
Net debt                                                                                          $ 4,328.7                                                                 $ 4,196.9
                                                                               ==================== =======                                              ==================== =======
_______________________
(1)       The supplementary information included in this press release for
                             2016 is preliminary and subject to change prior to the filing of our
                             upcoming Quarterly Report on Form 10-Q with the Securities and
                             Exchange Commission.
(2)                          During the first quarter of 2016, the Company adopted ASU 2015-03 &
                             ASU 2015-15 which resulted in a decrease in other assets of $36
                             million and a decrease in long-term debt of $36 million as of
                             December 31, 2015 on the Condensed Consolidated Balance Sheets.
 
 
                                                                                                                                             SEALED AIR CORPORATION
                                                                                                                                            SUPPLEMENTARY INFORMATION
                                                                                                                               CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(1)
                                                                                                                                                   (Unaudited)
                                                                                                                                                  (In millions)
                                                                                                                                     
                                                                                                                                                                                                                    Nine Months Ended September 30,
                                                                                                                                                     ------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                                               2016                                                                                               2015
                                                                                                                                                     ---------------------------------------------------------                                          ---------------------------------------------------------
                                                                                                                                                                                                                                                                               Revised(2)
Net income                                                                                                                                                              $          315.3                                                                                   $          211.9
Adjustments to reconcile net earnings to net cash provided by                                                                                                                      309.6                                                                                              353.0
operating activities(3)
Changes in:
Trade receivables, net                                                                                                                                                             (58.5 )                                                                                            (47.0 )
Inventories                                                                                                                                                                       (100.5 )                                                                                           (127.3 )
Accounts payable                                                                                                                                                                   140.5                                                                                              119.6
Settlement agreement, and related items (4)                                                                                                                               --                                                                                              235.2
Changes in all other operating assets and liabilities                                                                                                          (135.9 )                                                                         (44.5 )
                                                                                                                                                     -------------------- -------------- --------------------                                           -------------------- -------------- --------------------
Cash flow provided by operating activities(5)                                                                                                                                      470.5                                                                                              700.9
                                                                                                                                                                                                                                                         
Capital expenditures for property and equipment                                                                                                                                   (190.2 )                                                                                           (112.3 )
Proceeds, net from sale of businesses                                                                                                                                                7.8                                                                                               75.7
Business acquired in purchase transactions, net of cash and cash                                                                                                                    (5.8 )                                                                                            (25.1 )
equivalents acquired
Proceeds from sales of property, equipment and other assets                                                                                                                          0.6                                                                                               32.4
Settlement of foreign currency forward contracts                                                                                                                (43.1 )                                                                          21.5  
                                                                                                                                                     -------------------- -------------- --------------------                                           -------------------- -------------- --------------------
Cash flow used in investing activities                                                                                                                                            (230.7 )                                                                                             (7.8 )
                                                                                                                                                                                                                                                         
Net proceeds from borrowings                                                                                                                                                        72.7                                                                                              256.8
Cash used as collateral on borrowing arrangements                                                                                                                                    1.5                                                                                              (13.5 )
Proceeds from cross currency swap                                                                                                                                                    6.2                                                                                     --
Repurchase of common stock                                                                                                                                                        (217.0 )                                                                                           (685.7 )
Payments for debt extinguishment and issuance costs                                                                                                                                 (0.1 )                                                                                           (108.0 )
Dividends paid on common stock                                                                                                                                                     (90.1 )                                                                                            (81.2 )
Acquisition of common stock for tax withholding                                                                                                                 (22.7 )                                                                          (8.7 )
                                                                                                                                                     -------------------- -------------- --------------------                                           -------------------- -------------- --------------------
Cash flow used in financing activities(5)                                                                                                                                         (249.5 )                                                                                           (640.3 )
                                                                                                                                                                                                                                                         
Effect of foreign currency exchange rates on cash and cash                                                                                                      (15.9 )                                                                         (55.4 )
equivalents
                                                                                                                                                     -------------------- -------------- --------------------                                           -------------------- -------------- --------------------
                                                                                                                                                                                                                                                         
Cash and cash equivalents beginning of period                                                                                                                           $          358.4                                                                                   $          286.4
Net change in cash and cash equivalents                                                                                                                         (25.6 )                                                                          (2.6 )
                                                                                                                                                     -------------------- -------------- --------------------                                           -------------------- -------------- --------------------
Cash and cash equivalents end of period                                                                                                                                 $          332.8                                                                $          283.8  
                                                                                                                                                     ==================== ============== ====================                                           ==================== ============== ====================
                                                                                                                                                                                                                                                         
Non-U.S. GAAP Free Cash Flow:
Cash flow from operating activities                                                                                                                                     $          470.5                                                                                   $          700.9
Capital expenditures for property and equipment                                                                                                                (190.2 )                                                                        (112.3 )
                                                                                                                                                     -------------------- -------------- --------------------                                           -------------------- -------------- --------------------
Free Cash Flow(6)                                                                                                                                                       $          280.3                                                                                   $          588.6
Settlement agreement and related items (4)                                                                                                             --                                                       (235.2 )
                                                                                                                                                     -------------------- -------------- --------------------                                           -------------------- -------------- --------------------
Free Cash Flow excluding Settlement agreement and related items                                                                                                         $          280.3                                                                $          353.4  
                                                                                                                                                     ==================== ============== ====================                                           ==================== ============== ====================
                                                                                                                                                                                                                                                         
Additional Cash Flow Information:
Interest payments, net of amounts capitalized                                                                                                                           $          157.4                                                                $          169.1  
                                                                                                                                                     ==================== ============== ====================                                           ==================== ============== ====================
Income tax payments                                                                                                                                                     $           93.5                                                                $           78.8  
                                                                                                                                                     ==================== ============== ====================                                           ==================== ============== ====================
SARs payments (less amounts included in restructuring payments)                                                                                                         $            1.9                                                                $           20.0  
                                                                                                                                                     ==================== ============== ====================                                           ==================== ============== ====================
Restructuring payments (including associated costs)                                                                                                                     $           51.0                                                                $           71.7  
                                                                                                                                                     ==================== ============== ====================                                           ==================== ============== ====================
_______________________
(1)       The supplementary information included in this press release for
                             2016 is preliminary and subject to change prior to the filing of our
                             upcoming Quarterly Report on Form 10-Q with the Securities and
                             Exchange Commission.
(2)                          For the nine months ended September 30, 2015, certain amounts
                             related to the settlement of a net investment hedge and foreign
                             currency gains and losses were misclassified on the Condensed
                             Consolidated Statement of Cash Flows. The reclassification of these
                             items in the Condensed Consolidated Statement of Cash Flows for the
                             nine months ended September 30, 2015 resulted in an increase in cash
                             provided by operating activities of $22.3 million, a decrease to
                             cash provided by investing activities of $14.7 million, and an
                             decrease of $7.6 million due to the effect of foreign currency
                             exchange rate changes on cash.
                             Additionally, certain amounts related to compensating balance
                             arrangements were misclassified in the Condensed Consolidated
                             Balance Sheet and Condensed Consolidated Statement of Cash Flows.
                             The reclassification resulted in $15 million decrease in financing
                             activities, $36 million decrease in Cash and cash equivalents
                             beginning of period, and $49 million decrease in Cash and cash
                             equivalents end of period.
(3)                          2016 primarily consists of depreciation and amortization of $161
                             million, share based compensation expense of $45 million, profit
                             sharing expense of $30 million, charges related to ceasing
                             operations in Venezuela of $46 million, a remeasurement loss of $3
                             million and loss on sale of businesses of $2 million. 2015 primarily
                             consists of loss on bond redemption of $111 million, depreciation
                             and amortization of $162 million, share-based compensation expense
                             of $49 million, and a remeasurement loss of $31 million partially
                             offset by a gain on sale of business of $36 million.
(4)                          During the first quarter of 2015, the Company received the tax
                             refund of $235 million related to the payment of funds in connection
                             with the Settlement agreement payment.
(5)                          The Company early adopted ASU 2016-09 on a retrospective basis
                             related to the classification of excess tax benefits on the
                             Statement of Cash Flows, effective January 1, 2016, which resulted
                             in an increase in operating cash flow of $6.8 million and a decrease
                             in financing activities of $6.8 million for the nine months ended
                             September 30, 2016. There was not a material impact on the nine
                             months ended September 30, 2015.
(6)                          Free cash flow does not represent residual cash available for
                             discretionary expenditures, including mandatory debt servicing
                             requirements or non-discretionary expenditures that are not deducted
                             from this measure.
                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                     SEALED AIR CORPORATION
                                                                                                                                                                                                                                     SUPPLEMENTARY INFORMATION
                                                                                                                                                                                                                                     RECONCILIATION OF U.S. GAAP NET EARNINGS AND U.S. GAAP NET
                                                                                                                                                                                                                                     EARNINGS PER COMMON SHARE TO
                                                                                                                                                                                                                                     NON-U.S. GAAP ADJUSTED NET EARNINGS AND NON-U.S. GAAP ADJUSTED
                                                                                                                                                                                                                                     NET EARNINGS PER COMMON SHARE(1)
                                                                                                                                                                                                                                     (Unaudited)
                                                                                                                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                    Three Months Ended September 30,                                                                                                                                                                                                           Nine Months Ended September 30,
                                                                                                          ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                          ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                                  2016                                                                                              2015                                                                                                                 2016                                                                         2015
                                                                                                          ---------------------------------------------------------------------------------------------------------------------                     ---------------------------------------------------------------------------                                          ---------------------------------------------------------------------------                     ---------------------------------------------------------------------------
                                                                                                                                 Net                                                                                                         Net                                                                                                                  Net                                                                          Net
(In millions, except per share data)                                                                                          Earnings                                                                EPS                                                    Earnings                                           EPS                                                               Earnings                                           EPS                                          Earnings                                           EPS
                                                                                                          ------------------------------------------------                     ------------------------------------------------                     ---------------------------                     ---------------------------                                          ---------------------------                     ---------------------------                     ---------------------------                     ---------------------------
U.S. GAAP net earnings and EPS available to common stockholders                                                              $ 163.3                                                              $  0.83                                                              $  86.6                                         $  0.42                                                              $ 315.3                                         $  1.59                                         $ 211.9                                         $  1.01
(2)
Special items(3)                                                                                            (24.2 )                                           (0.12 )                                            56.6                         0.28                                              61.5                         0.32                        173.1                         0.83
                                                                                                          -------------------- ----- --------------------                      -------------------- ----- --------------------                      -------------------- -----                      -------------------- -----                                           -------------------- -----                      -------------------- -----                      -------------------- -----                      -------------------- -----
Non-U.S. GAAP adjusted net earnings and adjusted EPS available                                                               $ 139.1                                           $  0.71                                           $ 143.2                                         $  0.70                                                              $ 376.8                                         $  1.91                                         $ 385.0                                         $  1.84
to common stockholders
                                                                                                          ==================== ===== ====================                      ==================== ===== ====================                      ==================== =====                      ==================== =====                                           ==================== =====                      ==================== =====                      ==================== =====                      ==================== =====
Weighted average number of common shares outstanding - Diluted                                                                                                                   196.7                                                                          205.8                                                                                             197.5                                                                        209.5
 
                                                                                                                                                                               ==================== ===== ====================                                                                      ==================== =====                                                                                           ==================== =====                                                                      ==================== =====
_______________________
(1)       The supplementary information included in this press release for
                             2016 is preliminary and subject to change prior to the filing of our
                             upcoming Quarterly Report on Form 10-Q with the Securities and
                             Exchange Commission.
(2)                          Net earnings per common share is calculated under the two-class
                             method.
(3)                          Special items include the following:
                                                                                                                                                                                                                       
                                                                                                                                                                             Three Months Ended                                                                                                                                                            Nine Months Ended
                                                                                                                                                                                September 30,                                                                                                                                                                September 30,
                                                                                                                   --------------------------------------------------------------------------------------------------------------------------------                                                 -----------------------------------------------------------------------------------------------------------------------
(In millions, except per share data)                                                                                                                                   2016                                                       2015                                                                                      2016                                                       2015
                                                                                                                   ---------------------------------------------------------                     ---------------------------------------------------------                                          ------------------------------------------------                     ---------------------------------------------------------
Special Items:
   Restructuring and other charges(1)                                                                                                 $           (1.6 )                                                            $          (38.4 )                                                                                 $  (3.2 )                                                            $          (68.0 )
                                                                                                                                                  (6.0 )                                                                       (13.0 )                                                                                   (17.3 )                                                                       (32.2 )
   Other restructuring associated costs included in cost of sales and
     selling,
   general and administrative expenses
   SARs                                                                                                                                            0.3                                                                           0.4                                                                                       0.1                                                                          (4.1 )
                                                                                                                                                  (0.4 )                                                                        (1.0 )                                                                                    (3.2 )                                                                       (30.7 )
   Foreign currency exchange loss related to Venezuelan subsidiaries
   Charges related to ceasing operations in Venezuela(1)                                                                                --                                                                --                                                                                     (52.1 )                                                              --
   Loss on debt redemption and refinancing activities                                                                                             (0.1 )                                                                         0.6                                                                                      (0.1 )                                                                      (110.7 )
                                                                                                                                        --                                                                          (0.5 )                                                                                    (1.6 )                                                                        28.7
   (Loss) gain on sale of North American foam trays and absorbent
     pads
   business and European food trays business
                                                                                                                                                   0.6                                                                           0.2                                                                                      (1.5 )                                                                         9.0
   (Loss) gain related to the sale of other businesses, investments
   and
     property, plant and equipment
   Other special items(2)                                                                                                      (0.9 )                                                      1.3                                                (0.7 )                                                     (0.4 )
                                                                                                                   -------------------- -------------- --------------------                      -------------------- -------------- --------------------                                           -------------------- ----- --------------------                      -------------------- -------------- --------------------
Pre-tax impact of special items                                                                                                                   (8.1 )                                                                       (50.4 )                                                                                   (79.6 )                                                                      (208.4 )
  Tax impact of special items and tax special items(3)                                                                         32.3                                    (6.2 )                                                                 18.1                                    35.3  
                                                                                                                   -------------------- -------------- --------------------                      -------------------- -------------- --------------------                                           -------------------- ----- --------------------                      -------------------- -------------- --------------------
Net impact of special items                                                                                                           $           24.2                                           $          (56.6 )                                                                                 $ (61.5 )                                                            $         (173.1 )
                                                                                                                   ==================== ============== ====================                      ==================== ============== ====================                                           ==================== ===== ====================                      ==================== ============== ====================
Weighted average number of common shares outstanding - Diluted                                                                196.7                                   205.8                                               197.5                                   209.5  
                                                                                                                   -------------------- -------------- --------------------                      -------------------- -------------- --------------------                                           -------------------- ----- --------------------                      -------------------- -------------- --------------------
Earnings per share impact from special items                                                                                          $           0.12                                           $          (0.28 )                                                                                 $ (0.32 )                                                            $          (0.83 )
                                                                                                                   ==================== ============== ====================                      ==================== ============== ====================                                           ==================== ===== ====================                      ==================== ============== ====================
_______________________
(1)                        Due to the ongoing challenging economic situation in Venezuela, the
                                              Company approved a program in the second quarter of 2016 to cease
                                              operations in the country. Refer to note 2 on the Condensed
                                              Consolidated Statement of Operations above.
(2)                                           Other special items for the three and nine months ended September
                                              30, 2016 primarily included a reduction in a non-income tax reserve
                                              following the completion of a governmental audit partially offset by
                                              legal fees associated with restructuring and acquisitions. Other
                                              special items for the three and nine months ended September 30, 2015
                                              primarily included legal fees associated with restructuring and
                                              acquisitions.
(3)                                           For the three and nine months ended September 30, 2016, the special
                                              tax items including the release of certain tax reserves recorded at
                                              the time of the Diversey Holdings, Inc. acquisition, for which the
                                              statute of limitations had expired. For the three and nine months
                                              ended September 30, 2015, the special tax items including the
                                              release of certain tax reserves recorded at the time of the Diversey
                                              Holdings, Inc. acquisition, for which the statute of limitations had
                                              expired and the Grace settlement.
                                                                                                                    
 The calculation of the non-U.S. GAAP Adjusted income tax rate is as
 follows:
                                                                                                                 Three Months Ended                                                                                                         Nine Months Ended
                                                                                                                                                          September 30,                                                                                                                                                   September 30,
                                                                                                      --------------------------------------------------------------------------------------------------------------                                                 ---------------------------------------------------------------------------------------------------------------
(In millions, except per share data)                                                                                        2016                                              2015                                                                                      2016                                              2015
                                                                                                      ------------------------------------------------                     ------------------------------------------------                                          ------------------------------------------------                     -------------------------------------------------
U.S. GAAP Earnings before income tax provision                                                                           $ 172.8                                                              $ 126.0                                                                                   $ 408.1                                                              $  300.2
   Pre-tax impact of special items                                                                       (8.1 )                                           (50.4 )                                                                (79.6 )                                           (208.4 )
                                                                                                      -------------------- ----- --------------------                      -------------------- ----- --------------------                                           -------------------- ----- --------------------                      -------------------- ------ --------------------
Non-U.S. GAAP Adjusted Earnings before income tax provision                                                              $ 180.9                                           $ 176.4                                                                $ 487.7                                           $  508.6  
                                                                                                      ==================== ===== ====================                      ==================== ===== ====================                                           ==================== ===== ====================                      ==================== ====== ====================
                                                                                                                                                                                                                                                                                                                                                                                            
U.S. GAAP Income tax (benefit) provision                                                                                 $   9.5                                                              $  39.4                                                                                   $  92.8                                                              $   88.3
   Tax impact of special items                                                                           32.3                           (6.2 )                                                                 18.1                            35.3  
                                                                                                      -------------------- ----- --------------------                      -------------------- ----- --------------------                                           -------------------- ----- --------------------                      -------------------- ------ --------------------
Non-U.S. GAAP Adjusted Income tax (benefit) provision                                                                    $  41.8                                           $  33.2                                                                $ 110.9                                           $  123.6  
                                                                                                      ==================== ===== ====================                      ==================== ===== ====================                                           ==================== ===== ====================                      ==================== ====== ====================
                                                                                                                                                                                                                                                                                                                                                                                            
U.S. GAAP Effective income tax rate                                                                                          5.5 %                                                               31.3 %                                                                                    22.7 %                                                                29.4 %
Non-U.S. GAAP Adjusted income tax rate                                                                                      23.1 %                                                               18.8 %                                                                                    22.7 %                                                                24.3 %
 
 
                                                                                                                                                                                                                                     SEALED AIR CORPORATION
                                                                                                                                                                                                                                     SUPPLEMENTARY INFORMATION
                                                                                                                                                                                                                                     SEGMENT INFORMATION(1)
                                                                                                                                                                                                                                     (Unaudited)
                                                                                                                                                                                                                                     (In millions)
                                                                                                                                                                                                                                                                                                
                                                                                                                                         Three Months Ended                                                                                                                                                                                                    Nine Months Ended
                                                                                                                                            September 30,                                                                                        %                                                                                                               September 30,                                                                                        %
                                                                                      -------------------------------------------------------------------------------------------------------------------------                                                                                            -------------------------------------------------------------------------------------------------------------------------
                                                                                                             2016                                                                  2015(2)                                                    Change                                                                              2016                                                                  2015(2)                                                    Change
                                                                                      -----------------------------------------------                        -----------------------------------------------                        -------------------------                                              -----------------------------------------------                        -----------------------------------------------                        ------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Net Sales:
Food Care                                                                                                $   814.6                                                              $   836.4                                            (2.6 )                    %                                                              $ 2,381.6                                                              $ 2,562.8                                           (7.1 )                    %
As a % of Total Company net sales                                                                             47.5 %                                                                 47.9 %                                                                                                                                        47.3 %                                                                 48.6 %
Diversey Care                                                                                                497.4                                                                  501.8                                            (0.8 )                    %                                                                1,470.7                                                                1,504.7                                           (2.3 )                    %
As a % of Total Company net sales                                                                             29.0 %                                                                 28.7 %                                                                                                                                        29.2 %                                                                 28.5 %
Product Care                                                                                                 388.6                                                                  389.3                                            (0.2 )                    %                                                                1,130.0                                                                1,153.1                                           (2.0 )                    %
As a % of Total Company net sales                                                                             22.6 %                                                                 22.3 %                                                                                                                                        22.4 %                                                                 21.8 %
Other                                                                                      16.0                             18.7                        (14.4 )                    %                                                51.9                             57.0                        (8.9 )                    %
                                                                                      -------------------- ------- --------------------                      -------------------- ------- --------------------                      ----- --------------------                                             -------------------- ------- --------------------                      -------------------- ------- --------------------                      ---- --------------------
Total Company Net Sales                                                                                  $ 1,716.6                                           $ 1,746.2                         (1.7 )                    %                                                              $ 5,034.2                                           $ 5,277.6                        (4.6 )                    %
                                                                                      ==================== ======= ====================                      ==================== ======= ====================                      ===== ====================                                             ==================== ======= ====================                      ==================== ======= ====================                      ==== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
                                                                                                                                         Three Months Ended                                                                                                                                                                                                    Nine Months Ended
                                                                                                                                            September 30,                                                                                        %                                                                                                               September 30,                                                                                        %
                                                                                      -------------------------------------------------------------------------------------------------------------------------                                                                                            -------------------------------------------------------------------------------------------------------------------------
                                                                                                             2016                                                                  2015(2)                                                    Change                                                                              2016                                                                  2015(2)                                                    Change
                                                                                      -----------------------------------------------                        -----------------------------------------------                        -------------------------                                              -----------------------------------------------                        -----------------------------------------------                        ------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Adjusted EBITDA:
Food Care                                                                                                $   172.5                                                              $   168.4                                             2.4                      %                                                              $   483.1                                                              $   532.6                                           (9.3 )                    %
Adjusted EBITDA Margin                                                                                        21.2 %                                                                 20.1 %                                                                                                                                        20.3 %                                                                 20.8 %
Diversey Care                                                                                                 64.6                                                                   66.4                                            (2.7 )                    %                                                                  187.1                                                                  176.5                                            6.0                      %
Adjusted EBITDA Margin                                                                                        13.0 %                                                                 13.2 %                                                                                                                                        12.7 %                                                                 11.7 %
Product Care                                                                                                  88.2                                                                   81.9                                             7.7                      %                                                                  244.1                                                                  237.9                                            2.6                      %
Adjusted EBITDA Margin                                                                                        22.7 %                                                                 21.0 %                                                                                                                                        21.6 %                                                                 20.6 %
Other                                               (21.4 )                                             (16.7 )                                          28.1   %                                               (61.7 )                                             (55.2 )                                         11.8   %
------------------------------------------- -------------------- -------------------- -------------------- ------- --------------------                      -------------------- ------- --------------------                      ----- -------------------- -                                           -------------------- ------- --------------------                      -------------------- ------- --------------------                      ---- -------------------- --------------------
Non-U.S. GAAP Total Company Adjusted EBITDA                                                              $   303.9                                           $   300.0                          1.3   %                                                              $   852.6                                           $   891.8                        (4.4 )                    %
                                                                                      ==================== ======= ====================                      ==================== ======= ====================                      ===== ====================                                             ==================== ======= ====================                      ==================== ======= ====================                      ==== ====================
Adjusted EBITDA Margin                                                                                        17.7 %                                                                 17.2 %                                                                                                                                        16.9 %                                                                 16.9 %
_______________________
(1)       The supplementary information included in this press release for
                             2016 is preliminary and subject to change prior to the filing of our
                             upcoming Quarterly Report on Form 10-Q with the Securities and
                             Exchange Commission.
(2)                          As of January 1, 2016, our Kevothermal business was moved from Other
                             to our Product Care Segment. This resulted in a reclassification of
                             $4.6 million of net sales and $0.9 million of adjusted EBITDA for
                             the three months ended September 30, 2015 and $10.3 million of net
                             sales and $2.3 million of adjusted EBITDA for the nine months ended
                             September 30, 2015.
 
 
                                                                                                                                                                                                     SEALED AIR CORPORATION
                                                                                                                                                                                          SEGMENT INFORMATION - CONTINUED
                                                                                                                                                                                                  SUPPLEMENTARY INFORMATION(1)
                                                                                                                                                                                RECONCILIATION OF NON-U.S. GAAP TOTAL COMPANY ADJUSTED EBITDA TO
                                                                                                                                                                                        U.S. GAAP NET EARNINGS FROM CONTINUING OPERATIONS
                                                                                                                                                                                                           (Unaudited)
                                                                                                                                                                                                          (In millions)
                                                                                                                                                                                                                    
                                                                                                                                                                          Three Months Ended                                                                                                                                                            Nine Months Ended
                                                                                                                                                                             September 30,                                                                                                                                                                September 30,
                                                                                                                ---------------------------------------------------------------------------------------------------------------------------------------                                          -------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                          2016                                                       2015                                                                                           2016                                                   2015
                                                                                                                ---------------------------------------------------------                     ---------------------------------------------------------                                          -------------------------------------------------                     ---------------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                        
Non-U.S. GAAP Total Company Adjusted EBITDA                                                                                        $          303.9                                                              $          300.0                                                                                   $  852.6                                                              $          891.8
Depreciation and amortization (2)(4)                                                                                                          (70.2 )                                                                       (68.7 )                                                                                   (208.0 )                                                                      (211.1 )
Special items:
                                                                                                                                     --                                                                          (0.1 )                                                                                      0.1                                                                           0.2
   Accelerated depreciation of non-strategic assets related to
   restructuring programs
                                                                                                                                     --                                                                --                                                                                        4.8                                                                --
   Accelerated depreciation and amortization of fixed assets and
   intangible assets for Venezuelan subsidiaries(2)
   Restructuring and other charges(2)(5)                                                                                                       (1.6 )                                                                       (38.4 )                                                                                     (3.2 )                                                                       (68.0 )
                                                                                                                                               (6.0 )                                                                       (13.0 )                                                                                    (17.3 )                                                                       (32.2 )
   Other restructuring associated costs included in cost of sales and
   selling, general and administrative expenses
   SARs                                                                                                                                         0.3                                                                           0.4                                                                                        0.1                                                                          (4.1 )
                                                                                                                                               (0.4 )                                                                        (1.0 )                                                                                     (3.2 )                                                                       (30.7 )
   Foreign currency exchange loss related to Venezuelan subsidiaries
                                                                                                                                     --                                                                --                                                                                      (52.1 )                                                              --
   Charges related to ceasing operations in Venezuela(2)
   Loss on debt redemption and refinancing activities                                                                                          (0.1 )                                                                         0.6                                                                                       (0.1 )                                                                      (110.7 )
                                                                                                                                     --                                                                          (0.5 )                                                                                     (1.6 )                                                                        28.7
   (Loss) gain on sale of North America foam trays and absorbent pads
   business and European food trays business
                                                                                                                                                0.6                                                                           0.9                                                                                       (1.5 )                                                                         9.7
   (Loss) gain related to the sale of other businesses, investments
   and property, plant and equipment
   Other(3)                                                                                                                                    (0.9 )                                                                         0.6                                                                                       (0.7 )                                                                        (1.1 )
Interest expense                                                                                                                              (52.8 )                                                                       (54.8 )                                                                                   (161.8 )                                                                      (172.3 )
Income tax provision                                                                                                         9.5                                    39.4                                                 92.8                                    88.3  
                                                                                                                -------------------- -------------- --------------------                      -------------------- -------------- --------------------                                           -------------------- ------ --------------------                      -------------------- -------------- --------------------
U.S. GAAP net income                                                                                                               $          163.3                                           $           86.6                                                                $  315.3                                           $          211.9  
                                                                                                                ==================== ============== ====================                      ==================== ============== ====================                                           ==================== ====== ====================                      ==================== ============== ====================
 
(1)      The supplementary information included in this press release for
                            2016 is preliminary and subject to change prior to the filing of our
                            upcoming Quarterly Report on Form 10-Q with the Securities and
                            Exchange Commission.
(2)                         Due to the ongoing challenging economic situation in Venezuela, the
                            Company approved a program in the second quarter of 2016 to cease
                            operations in the country. Refer to note 2 on the Condensed
                            Consolidated Statement of Operations above.
(3)                         Other special items for the three and nine months ended September
                            30, 2016 primarily included a reduction in a non-income tax reserve
                            following the completion of a governmental audit partially offset by
                            legal fees associated with restructuring and acquisitions. Other
                            special items for the three and nine months ended September 30, 2015
                            primarily included legal fees associated with restructuring and
                            acquisitions.
(4)                         Depreciation and amortization by segment are as follows:
                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                                                      Three Months Ended                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             Nine Months Ended
                                                                                                                                                                                                                                                                                                                                                                         September 30,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 September 30,
                                                                                                                                                        ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                                               ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                             2016             2015                                                                          2016             2015     
                                                                                                                                                        -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                       -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                                                 -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                       -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
Food Care                                                                                                                                                                                                                                                    $                                                                                                  25.7                                                                                                                           $                                                                                                  26.6                                                                                                                                                                     $                                                                                                  75.9                                                                                                                           $                                                                                                  81.8
Diversey Care                                                                                                                                                                                                                                                                                                                                                   23.9                                                                                                                                                                                                                              25.7                                                                                                                                                                                                                                                                        71.9                                                                                                                                                                                                                              77.0
Product Care                                                                                                                                                                                                                                                                                                                                                     9.7                                                                                                                                                                                                                               9.3                                                                                                                                                                                                                                                                        28.6                                                                                                                                                                                                                              28.8
Other                                                                                                                                                                                                                                                                                                                                        10.9                                                                                                                                                                                                            7.1                                                                                                                                                                                                                                                     31.6                                                                                                                                                                                                           23.5
                                                                                                                                                        ------------------------------------------------------------------------------------------------------ -----------------------------------------------------------------------------------------------------                      ------------------------------------------------------------------------------------------------------ -----------------------------------------------------------------------------------------------------                                                                ------------------------------------------------------------------------------------------------------ -----------------------------------------------------------------------------------------------------                      ------------------------------------------------------------------------------------------------------ -----------------------------------------------------------------------------------------------------
Total Company depreciation and amortization(1)                                                                                                                                                                                                               $                                                                                                  70.2                                                                                                                           $                                                                                                  68.7                                                                                                                                                                     $                                                                                                 208.0                                                                                                                           $                                                                                                 211.1
                                                                                                                                                        ====================================================================================================== =====================================================================================================                      ====================================================================================================== =====================================================================================================                                                                ====================================================================================================== =====================================================================================================                      ====================================================================================================== =====================================================================================================
 
    (1)                   Includes share-based incentive compensation of $15.6 million and
                                                                                   $46.8 million for the three and nine months ended September 30,
                                                                                   2016 and $15.9 million and $49.1 million for the three and nine
                                                                                   months ended September 30, 2015, respectively.
                                                                                                                                                     
(5)                                       Restructuring and other charges by segment is as follows:
                                                                                                                                                                                                                                                                     Three Months Ended                                                                                                                                                                                                                                                                                                                                                                                                                                  Nine Months Ended
                                                                                                                                                                                                                                                                                                                                 September 30,                                                                                                                                                                                                                                                                                                                                                                                                                                                                            September 30,
                                                                                                                ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                          ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                     2016             2015                                                     2016             2015     
                                                                                                                -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                       -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                                            -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------                       -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Food Care                                                                                                                                                                                                            $                                                                                                   0.8                                                                                                                           $                                                                                                  15.4                                                                                                                                                $                                                                                                   1.5                                                                                                                           $                                                                                                  29.5
Diversey Care                                                                                                                                                                                                                                                                                                            0.4                                                                                                                                                                                                                              16.0                                                                                                                                                                                                                                                    0.9                                                                                                                                                                                                                              25.5
Product Care                                                                                                                                                                                                                                                                                                             0.3                                                                                                                                                                                                                               6.7                                                                                                                                                                                                                                                    0.7                                                                                                                                                                                                                              12.6
Other                                                                                                                                                                                                                                                                                                 0.1                                                                                                                                                                                                            0.3                                                                                                                                                                                                                                 0.1                                                                                                                                                                                                            0.4
                                                                                                                ------------------------------------------------------------------------------------------------------ -----------------------------------------------------------------------------------------------------                      ------------------------------------------------------------------------------------------------------ -----------------------------------------------------------------------------------------------------                                           ------------------------------------------------------------------------------------------------------ -----------------------------------------------------------------------------------------------------                      ------------------------------------------------------------------------------------------------------ -----------------------------------------------------------------------------------------------------
Total Company restructuring and other charges(1)                                                                                                                                                                     $                                                                                                   1.6                                                                                                                           $                                                                                                  38.4                                                                                                                                                $                                                                                                   3.2                                                                                                                           $                                                                                                  68.0
                                                                                                                ====================================================================================================== =====================================================================================================                      ====================================================================================================== =====================================================================================================                                           ====================================================================================================== =====================================================================================================                      ====================================================================================================== =====================================================================================================
     
                                          (1)      For the nine months ended September 30, 2016, restructuring and
                                                                      other charges excludes $0.3 million related to severance and
                                                                      termination benefits for employees in our Venezuelan subsidiaries.
 
 
                                                                                                                                                                                                                                     SEALED AIR CORPORATION
                                                                                                                                                                                                                                     SUPPLEMENTARY INFORMATION
                                                                                                                                                                                                                                     COMPONENTS OF CHANGE IN NET SALES BY SEGMENT(1)
                                                      
                                                                                                                                                                                                                                                                                                                                  Three Months Ended September 30, (Unaudited)
                                                                                             ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In millions)                                                                                                           Food Care                                                                      Diversey Care                                                                                    Product Care(4)                                                                                     Other(4)                                                                                         Total
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        Company
                                                                                             --------------------------------------------------------                           ------------------------------------------------------------------------------------------                           ------------------------------------------------------------------------------------------                           -----------------------------------------------------------------------------------------                           -------------------------------------------------------------------------------------
2015 Net Sales                                                                                  $ 836.4                                                             $ 501.8                                                                                           $ 389.3                                                                                            $ 18.7                                                                                    $ 1,746.2                       
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
Volume - Units                                                                                     (0.6 )                                         (0.1 ) %                                (6.5 )                                                   (1.3 )                    %                                 10.1                                                      2.6                      %                                 (2.3 )                                                  (12.3 )                    %                             0.7                                           --   %
Price/mix (2)                                                                                      10.5                                            1.3   %                                13.8                                                      2.8                      %                                 (9.0 )                                                   (2.3 )                    %                                 (0.3 )                                                   (1.6 )                    %                            15.0                                                      0.9   %
Divestitures                                                                                      (14.7 )                                         (1.8 ) %                      --                        --   %                       --                        --    %                      --                        --   %                           (14.7 )                                                   (0.8 ) %
                                                                                             ---------- --------------------                      ---- -                        -------------- --------------------                      -------------- --------------------                         -------------- --------------------                      -------------- --------------------                         -------------- --------------------                      -------------- --------------------                        ---------- --------------------                      -------------- -
                                                                                                   (4.8 )                                         (0.6 ) %                                 7.3                                                      1.5                      %                                  1.1                                                      0.3                      %                                 (2.6 )                                                  (13.9 )                    %                             1.0                                                      0.1   %
   Total constant dollar change (Non-U.S. GAAP)(3)
Foreign currency translation                                                                      (17.0 )                                         (2.0 ) %                               (11.7 )                                                   (2.3 )                    %                                 (1.8 )                                                   (0.5 )                     %                                (0.1 )                                                   (0.5 )                    %                           (30.6 )                                                   (1.8 ) %
                                                                                             ---------- --------------------                      ---- -                        -------------- --------------------                      -------------- --------------------                         -------------- --------------------                      -------------- --------------------                         -------------- --------------------                      -------------- --------------------                        ---------- --------------------                      -------------- -
   Total change (U.S. GAAP)                                                                       (21.8 )                                         (2.6 ) %                                (4.4 )                                                   (0.8 )                    %                                 (0.7 )                                                   (0.2 )                    %                                 (2.7 )                                                  (14.4 )                    %                           (29.6 )                                                   (1.7 ) %
                                                                                             ---------- --------------------                      ---- -                        -------------- --------------------                      -------------- --------------------                         -------------- --------------------                      -------------- --------------------                         -------------- --------------------                      -------------- --------------------                        ---------- --------------------                      -------------- -
                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                             --------------------------------                                                   ------------------------------------                                                                                 ------------------------------------                                                                                 ------------------------------------                                                                                --------------------------------
2016 Net Sales                                                                                  $ 814.6                                                             $ 497.4                                                                                           $ 388.6                                                                                            $ 16.0                                                                                    $ 1,716.6  
                                                                                             ========== ====================                                                    ============== ====================                                                                                  ============== ====================                                                                                  ============== ====================                                                                                 ========== ====================
                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                     COMPONENTS OF ORGANIC CHANGE IN NET SALES BY SEGMENT(1)
                                                                                                                                                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                                                  Three Months Ended September 30, (Unaudited)
                                                                                               ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In millions)                                                                                                                      Food Care                                                                           Diversey Care                                                                 Product Care(4)                                                                            Other(4)                                                                                                         Total
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      Company
                                                                                               ---------------------------------------------------------------------------                           --------------------------------------------------------------------------------                           --------------------------------------------------------------                           -------------------------------------------------------------                           ---------------------------------------------------------------------------------------------------------
2015 Net Sales                                                                                    $ 836.4                                                                                $ 501.8                                                                                 $ 389.3                                                                                   $ 18.7                                                                           $ 1,746.2
Less: Divestitures                                                                                  (14.7 )                                                                                          --                                                                          --                                                        --                                                            (14.7 )
                                                                                               ---------- --------------------                                                                       -------------- --------------------                                                                        -------------- --------------------                                                      -------------- --------------------                                                     ---------- --------------------
2015 Net Sales, Excluding Divestitures (Non-US GAAP)                                                821.7                                                                                                     501.8                                                                                                      389.3                                                                                     18.7                                                                             1,731.5
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
Volume - Units                                                                                       (0.6 )                                         (0.1 )                    %                                (6.5 )                                         (1.3 )                    %                                 10.1                                            2.6    %                                 (2.3 )                                         (12.3 ) %                             0.7                                           --                                           %
Price/mix (2)                                                                                        10.5                         1.3   %                                13.8                         2.8   %                                 (9.0 )                                         (2.3 )  %                                 (0.3 )                                          (1.6 ) %                            15.0                                   0.9                        %
                                                                                               ---------- --------------------                      ---- --------------------                        -------------- --------------------                      ---- --------------------                         -------------- --------------------                      ---- --                         -------------- --------------------                      ----- -                        ---------- --------------------                      -------------- --------------------
   Total Organic change (Non-US GAAP) (3)                                                             9.9                                            1.2                      %                                 7.3                                            1.5                      %                                  1.1                                            0.3    %                                 (2.6 )                                         (13.9 ) %                            15.7                                                      0.9                                           %
Foreign Currency Translation                                                                        (17.0 )                                         (2.0 )                    %                               (11.7 )                                         (2.3 )                    %                                 (1.8 )                                         (0.5 )  %                                 (0.1 )                                          (0.5 ) %                           (30.6 )                                                   (1.8 )                                         %
                                                                                               ---------- --------------------                      ---- --------------------                        -------------- --------------------                      ---- --------------------                         -------------- --------------------                      ---- --                         -------------- --------------------                      ----- -                        ---------- --------------------                      -------------- --------------------
   Total change (Non-US GAAP)                                                                        (7.1 )                                         (0.8 )                    %                                (4.4 )                                         (0.8 )                    %                                 (0.7 )                                         (0.2 )  %                                 (2.7 )                                         (14.4 ) %                           (14.9 )                                                   (0.9 )                                         %
                                                                                               ---------- --------------------                      ---- --------------------                        -------------- --------------------                      ---- --------------------                         -------------- --------------------                      ---- --                         -------------- --------------------                      ----- -                        ---------- --------------------                      -------------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                      
                                                                                               --------------------------------                                                                      ------------------------------------                                                                       ------------------------------------                                                     ------------------------------------                                                    --------------------------------
2016 Net Sales                                                                                    $ 814.6                                                                                $ 497.4                                                                                 $ 388.6                                                                $ 16.0                                                        $ 1,716.6  
                                                                                               ========== ====================                                                                       ============== ====================                                                                        ============== ====================                                                      ============== ====================                                                     ========== ====================
_______________________
(1)       The supplementary information included in this press release for
                             2016 is preliminary and subject to change prior to the filing of our
                             upcoming Quarterly Report on Form 10-Q with the Securities and
                             Exchange Commission.
(2)                          Our price/mix reported above includes the net impact of our pricing
                             actions and rebates as well as the period-to-period change in the
                             mix of products sold. Also included in our reported price/mix is the
                             net effect of some of our customers purchasing our products in
                             non-U.S. dollar or euro denominated countries at selling prices
                             denominated in U.S. dollars or euros. This primarily arises when we
                             export products from the U.S. and euro-zone countries.
(3)                          Changes in these items excluding the impact of foreign currency
                             translation are non-U.S. GAAP financial measures. Since we are a
                             U.S. domiciled company, we translate our
                             foreign-currency-denominated financial results into U.S. dollars.
                             Due to changes in the value of foreign currencies relative to the
                             U.S. dollar, translating our financial results from foreign
                             currencies to U.S. dollars may result in a favorable or unfavorable
                             impact. It is important that we take into account the effects of
                             foreign currency translation when we view our results and plan our
                             strategies. Nonetheless, we cannot control changes in foreign
                             currency exchange rates. Consequently, when our management looks at
                             our financial results to measure the core performance of our
                             business, we exclude the impact of foreign currency translation by
                             translating our current period results at prior period foreign
                             currency exchange rates. We also may exclude the impact of foreign
                             currency translation when making incentive compensation
                             determinations. As a result, our management believes that these
                             presentations are useful internally and may be useful to our
                             investors.
(4)                          As of January 1, 2016, our Kevothermal business was moved from Other
                             to our Product Care division. This resulted in a reclassification of
                             $4.6 million of net sales and $0.9 million of adjusted EBITDA for
                             the three months ended September 30, 2015.
 
 
                                                                                                                                                                                                                                     SEALED AIR CORPORATION
                                                                                                                                                                                                                                     SUPPLEMENTARY INFORMATION
                                                                                                                                                                                                                                     COMPONENTS OF CHANGE IN NET SALES BY SEGMENT(1)
                                                      
                                                                                                                                                                                                                                                                                                                                  Nine Months Ended September 30, (Unaudited)
                                                                                             ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                        Food Care                                                                      Diversey Care                                                                                    Product Care(4)                                                                                     Other(4)                                                                                    Total
                                                                                             --------------------------------------------------------------                     ------------------------------------------------------------------------------------------------                     ------------------------------------------------------------------------------------------------                     -----------------------------------------------------------------------------------------------                     ---------------------------------------------------------------------------------
2015 Net Sales                                                                                $ 2,562.8                                                           $ 1,504.7                                                                                         $ 1,153.1                                                                                            $ 57.0                                                                                    $ 5,277.6                       
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
Volume - Units                                                                                     17.8                                            0.7   %                                (5.2 )                                                   (0.3 )                    %                                 15.3                                                      1.3                      %                                 (4.2 )                                                   (7.4 )                    %                            23.7                                            0.4   %
Price/mix (2)                                                                                      20.1                                            0.8   %                                32.2                                                      2.1                      %                                (21.2 )                                                   (1.8 )                    %                                  0.8                                                      1.3                      %                            31.9                                            0.6   %
Divestitures                                                                                      (96.6 )                                         (3.8 ) %                      --                        --   %                       --                        --    %                      --                        --   %                           (96.6 )                                         (1.8 ) %
                                                                                             ---------- --------------------                      ---- -                        -------------- --------------------                      -------------- --------------------                         -------------- --------------------                      -------------- --------------------                         -------------- --------------------                      -------------- --------------------                        ---------- --------------------                      ---- -
   Total constant dollar change (Non-U.S. GAAP)(3)                                                (58.7 )                                         (2.3 ) %                                27.0                                                      1.8                      %                                 (5.9 )                                                   (0.5 )                    %                                 (3.4 )                                                   (6.1 )                    %                           (41.0 )                                         (0.8 ) %
Foreign currency translation                                                                     (122.5 )                                         (4.8 ) %                               (61.0 )                                                   (4.1 )                    %                                (17.2 )                                                   (1.5 )                     %                                (1.7 )                                                   (2.8 )                    %                          (202.4 )                                         (3.8 ) %
                                                                                             ---------- --------------------                      ---- -                        -------------- --------------------                      -------------- --------------------                         -------------- --------------------                      -------------- --------------------                         -------------- --------------------                      -------------- --------------------                        ---------- --------------------                      ---- -
   Total change (U.S. GAAP)                                                                      (181.2 )                                         (7.1 ) %                               (34.0 )                                                   (2.3 )                    %                                (23.1 )                                                   (2.0 )                    %                                 (5.1 )                                                   (8.9 )                    %                          (243.4 )                                         (4.6 ) %
                                                                                             ---------- --------------------                      ---- -                        -------------- --------------------                      -------------- --------------------                         -------------- --------------------                      -------------- --------------------                         -------------- --------------------                      -------------- --------------------                        ---------- --------------------                      ---- -
                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                             --------------------------------                                                   ------------------------------------                                                                                 ------------------------------------                                                                                 ------------------------------------                                                                                --------------------------------
2016 Net Sales                                                                                $ 2,381.6                                                           $ 1,470.7                                                                                         $ 1,130.0                                                                                            $ 51.9                                                                                    $ 5,034.2  
                                                                                             ========== ====================                                                    ============== ====================                                                                                  ============== ====================                                                                                  ============== ====================                                                                                 ========== ====================
 
                                                                                                                                                                                                                                     COMPONENTS OF ORGANIC CHANGE IN NET SALES BY SEGMENT(1)
                                                                                                                                                                                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                                                                                                    Nine Months Ended September 30, (Unaudited)
                                                                                               ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In millions)                                                                                                                      Food Care                                                                           Diversey Care                                                                 Product Care(4)                                                                                     Other(4)                                                                                                            Total
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Company
                                                                                               ---------------------------------------------------------------------------                           --------------------------------------------------------------------------------                           --------------------------------------------------------------                           -------------------------------------------------------------------------------                           ----------------------------------------------------------------------------------------------
2015 Net Sales                                                                                  $ 2,562.8                                                                              $ 1,504.7                                                                               $ 1,153.1                                                                                   $ 57.0                                                                                             $ 5,277.6
Less: Divestitures                                                                                  (96.6 )                                                                                          --                                                                          --                                                        --                                                                              (96.6 )
                                                                                               ---------- --------------------                                                                       -------------- --------------------                                                                        -------------- --------------------                                                      -------------- --------------------                                                                       ---------- --------------------
2015 Net Sales, Excluding Divestitures (Non-US GAAP)                                              2,466.2                                                                                                   1,504.7                                                                                                    1,153.1                                                                                     57.0                                                                                               5,181.0
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
Volume - Units                                                                                       17.8                                            0.7                      %                                (5.2 )                                         (0.3 )                    %                                 15.3                                            1.3    %                                 (4.2 )                                         (7.4 )                    %                            23.7                                            0.5                      %
Price/mix (2)                                                                                        20.1                         0.8   %                                32.2                         2.1   %                                (21.2 )                                         (1.8 )  %                                  0.8                         1.3   %                            31.9                         0.6   %
                                                                                               ---------- --------------------                      ---- --------------------                        -------------- --------------------                      ---- --------------------                         -------------- --------------------                      ---- --                         -------------- --------------------                      ---- --------------------                        ---------- --------------------                      ---- --------------------
   Total Organic change (Non-US GAAP) (3)                                                            37.9                                            1.5                      %                                27.0                                            1.8                      %                                 (5.9 )                                         (0.5 )  %                                 (3.4 )                                         (6.1 )                    %                            55.6                                            1.1                      %
Foreign Currency Translation                                                                       (122.5 )                                         (4.8 )                    %                               (61.0 )                                         (4.1 )                    %                                (17.2 )                                         (1.5 )  %                                 (1.7 )                                         (2.8 )                    %                          (202.4 )                                         (3.8 )                    %
                                                                                               ---------- --------------------                      ---- --------------------                        -------------- --------------------                      ---- --------------------                         -------------- --------------------                      ---- --                         -------------- --------------------                      ---- --------------------                        ---------- --------------------                      ---- --------------------
   Total change (Non-US GAAP)                                                                       (84.6 )                                         (3.3 )                    %                               (34.0 )                                         (2.3 )                    %                                (23.1 )                                         (2.0 )  %                                 (5.1 )                                         (8.9 )                    %                          (146.8 )                                         (2.7 )                    %
                                                                                               ---------- --------------------                      ---- --------------------                        -------------- --------------------                      ---- --------------------                         -------------- --------------------                      ---- --                         -------------- --------------------                      ---- --------------------                        ---------- --------------------                      ---- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                               --------------------------------                                                                      ------------------------------------                                                                       ------------------------------------                                                     ------------------------------------                                                                      --------------------------------
2016 Net Sales                                                                                  $ 2,381.6                                                                              $ 1,470.7                                                                               $ 1,130.0                                                                $ 51.9                                                                          $ 5,034.2  
                                                                                               ========== ====================                                                                       ============== ====================                                                                        ============== ====================                                                      ============== ====================                                                                       ========== ====================
_______________________
(1)       The supplementary information included in this press release for
                             2016 is preliminary and subject to change prior to the filing of our
                             upcoming Quarterly Report on Form 10-Q with the Securities and
                             Exchange Commission.
(2)                          Our price/mix reported above includes the net impact of our pricing
                             actions and rebates as well as the period-to-period change in the
                             mix of products sold. Also included in our reported price/mix is the
                             net effect of some of our customers purchasing our products in
                             non-U.S. dollar or euro denominated countries at selling prices
                             denominated in U.S. dollars or euros. This primarily arises when we
                             export products from the U.S. and euro-zone countries.
(3)                          Changes in these items excluding the impact of foreign currency
                             translation are non-U.S. GAAP financial measures. Since we are a
                             U.S. domiciled company, we translate our
                             foreign-currency-denominated financial results into U.S. dollars.
                             Due to changes in the value of foreign currencies relative to the
                             U.S. dollar, translating our financial results from foreign
                             currencies to U.S. dollars may result in a favorable or unfavorable
                             impact. It is important that we take into account the effects of
                             foreign currency translation when we view our results and plan our
                             strategies. Nonetheless, we cannot control changes in foreign
                             currency exchange rates. Consequently, when our management looks at
                             our financial results to measure the core performance of our
                             business, we exclude the impact of foreign currency translation by
                             translating our current period results at prior period foreign
                             currency exchange rates. We also may exclude the impact of foreign
                             currency translation when making incentive compensation
                             determinations. As a result, our management believes that these
                             presentations are useful internally and may be useful to our
                             investors.
(4)                          As of January 1, 2016, our Kevothermal business was moved from Other
                             to our Product Care division. This resulted in a reclassification of
                             $10.3 million of net sales and $2.3 million of adjusted EBITDA for
                             the nine months ended September 30, 2015.
 
 
                                                                                                                                                                                                                                     SEALED AIR CORPORATION
                                                                                                                                                                                                                                     SUPPLEMENTARY INFORMATION
                                                                                                                                                                                                                                     COMPONENTS OF CHANGE IN NET SALES BY REGION(1)
                                                                                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                               Three Months Ended September 30, (Unaudited)
                                                                                          ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In millions)                                                                                                                       North America                                                                       EMEA(2)                                                                       Latin America                                                                                                          APAC(3)                                                                                                            Total
                                                                                          ------------------------------------------------------------------------------------------------                     --------------------------------------------------------------                     ------------------------------------------------------------------------------------------------                     -----------------------------------------------------------------------------------------------                     -------------------------------------------------------------------------------------------
2015 Net Sales                                                                                   $ 726.4                                                                                       $ 605.9                                                             $ 165.8                                                                                                              $ 248.1                                                                                                       $ 1,746.2
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
Volume - Units                                                                                      27.3                                                      3.8                      %                             (7.5 )                                         (1.2 ) %                               (10.2 )                                                   (6.2 )                    %                                 (8.9 )                                                   (3.6 )                    %                             0.7                                           --   %
Price/mix                                                                                          (15.7 )                                                   (2.2 )                    %                              4.8                                            0.8   %                                24.7                                                     14.9                      %                                  1.2                                                      0.5                      %                            15.0                                                      0.9   %
Divestitures                                                                              --                        --   %                            (14.7 )                                         (2.4 ) %                      --                        --   %                       --                        --   %                           (14.7 )                                                   (0.8 ) %
                                                                                          -------------- --------------------                      -------------- --------------------                         ---------- --------------------                      ---- -                        -------------- --------------------                      -------------- --------------------                         -------------- --------------------                      -------------- --------------------                        ---------- --------------------                      -------------- -
   Total constant dollar change (Non-U.S. GAAP)                                                     11.6                                                      1.6                      %                            (17.4 )                                         (2.8 ) %                                14.5                                                      8.7                      %                                 (7.7 )                                                   (3.1 )                    %                             1.0                                                      0.1   %
Foreign currency translation                                                                         0.3                        --   %                            (17.8 )                                         (3.0 ) %                               (19.2 )                                                  (11.6 )                    %                                  6.1                                   2.5   %                           (30.6 )                                                   (1.8 ) %
                                                                                          -------------- --------------------                      -------------- --------------------                         ---------- --------------------                      ---- -                        -------------- --------------------                      -------------- --------------------                         -------------- --------------------                      -------------- --------------------                        ---------- --------------------                      -------------- -
   Total change (U.S. GAAP)                                                                         11.9                                   1.6   %                            (35.2 )                                         (5.8 ) %                                (4.7 )                                                   (2.9 )                    %                                 (1.6 )                                                   (0.6 )                    %                           (29.6 )                                                   (1.7 ) %
                                                                                          -------------- --------------------                      -------------- --------------------                         ---------- --------------------                      ---- -                        -------------- --------------------                      -------------- --------------------                         -------------- --------------------                      -------------- --------------------                        ---------- --------------------                      -------------- -
                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                          ------------------------------------                                                                                 --------------------------------                                                   ------------------------------------                                                                                 ------------------------------------                                                                                --------------------------------
2016 Net Sales                                                                                   $ 738.3                                                                                       $ 570.7                                                             $ 161.1                                                                                           $ 246.5                                                                                    $ 1,716.6  
                                                                                          ============== ====================                                                                                  ========== ====================                                                    ============== ====================                                                                                  ============== ====================                                                                                 ========== ====================
 
                                                                                                                                                                                                                                     COMPONENTS OF ORGANIC CHANGE IN NET SALES BY REGION(1)
                                                                                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                                                    Three Months Ended September 30, (Unaudited)
                                                                                               ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In millions)                                                                                                                            North America                                                                                                   EMEA(2)                                                                                               Latin America                                                                                                 APAC(3)                                                                                                                 Total
                                                                                               ------------------------------------------------------------------------------------------------                     ---------------------------------------------------------------------------------                     ---------------------------------------------------------------------------------------                     -------------------------------------------------------------------------------------                     --------------------------------------------------------------------------------------------------------------
2015 Net Sales                                                                                        $ 726.4                                                                                                          $ 605.9                                                                                                   $ 165.8                                                                                                     $ 248.1                                                                                             $ 1,746.2
Less: Divestitures                                                                             --                                                                                         (14.7 )                                                                                          --                                                                           --                                                                              (14.7 )
                                                                                               -------------- --------------------                                                                                  ---------- --------------------                                                                       -------------- --------------------                                                                         -------------- --------------------                                                                       ---------- --------------------
2015 Net Sales, Excluding Divestitures (Non-US GAAP)                                                    726.4                                                                                                            591.2                                                                                                     165.8                                                                                                       248.1                                                                                               1,731.5
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
Volume - Units                                                                                           27.3                                                      3.8                      %                             (7.5 )                                         (1.3 )                    %                               (10.2 )                                          (6.2 )                    %                                 (8.9 )                                         (3.6 )                    %                             0.7                                           --                      %
Price/mix                                                                                               (15.7 )                                                   (2.2 )                    %                              4.8                         0.8   %                                24.7                         14.9   %                                  1.2                         0.5   %                            15.0                                   0.9   %
                                                                                               -------------- --------------------                      -------------- --------------------                         ---------- --------------------                      ---- --------------------                        -------------- --------------------                      ----- --------------------                         -------------- --------------------                      ---- --------------------                        ---------- --------------------                      -------------- --------------------
   Total Organic change (Non-US GAAP) (4)                                                                11.6                                                      1.6                      %                             (2.7 )                                         (0.5 )                    %                                14.5                                             8.7                      %                                 (7.7 )                                         (3.1 )                    %                            15.7                                                      0.9                      %
Foreign Currency Translation                                                                              0.3                        --   %                            (17.8 )                                         (3.0 )                    %                               (19.2 )                                         (11.6 )                    %                                  6.1                         2.5   %                           (30.6 )                                                   (1.8 )                    %
                                                                                               -------------- --------------------                      -------------- --------------------                         ---------- --------------------                      ---- --------------------                        -------------- --------------------                      ----- --------------------                         -------------- --------------------                      ---- --------------------                        ---------- --------------------                      -------------- --------------------
   Total change (Non-US GAAP)                                                                            11.9                                   1.6   %                            (20.5 )                                         (3.5 )                    %                                (4.7 )                                          (2.9 )                    %                                 (1.6 )                                         (0.6 )                    %                           (14.9 )                                                   (0.9 )                    %
                                                                                               -------------- --------------------                      -------------- --------------------                         ---------- --------------------                      ---- --------------------                        -------------- --------------------                      ----- --------------------                         -------------- --------------------                      ---- --------------------                        ---------- --------------------                      -------------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                               ------------------------------------                                                                                 --------------------------------                                                                      ------------------------------------                                                                        ------------------------------------                                                                      --------------------------------
2016 Net Sales                                                                                        $ 738.3                                                                                       $ 570.7                                                                                $ 161.1                                                                                  $ 246.5                                                                          $ 1,716.6  
                                                                                               ============== ====================                                                                                  ========== ====================                                                                       ============== ====================                                                                         ============== ====================                                                                       ========== ====================
_______________________
(1)       The supplementary information included in this press release for
                             2016 is preliminary and subject to change prior to the filing of our
                             upcoming Quarterly Report on Form 10-Q with the Securities and
                             Exchange Commission.
(2)                          EMEA consists of Europe, Middle East, Africa and Turkey.
(3)                          APAC refers collectively to our Asia Pacific region. This region
                             consists of i) Greater China, ii) India/Southeast Asia and iii)
                             Australia, New Zealand, Japan and Korea.
(4)                          Changes in these items excluding the impact of foreign currency
                             translation are non-U.S. GAAP financial measures. Since we are a
                             U.S. domiciled company, we translate our
                             foreign-currency-denominated financial results into U.S. dollars.
                             Due to changes in the value of foreign currencies relative to the
                             U.S. dollar, translating our financial results from foreign
                             currencies to U.S. dollars may result in a favorable or unfavorable
                             impact. It is important that we take into account the effects of
                             foreign currency translation when we view our results and plan our
                             strategies. Nonetheless, we cannot control changes in foreign
                             currency exchange rates. Consequently, when our management looks at
                             our financial results to measure the core performance of our
                             business, we exclude the impact of foreign currency translation by
                             translating our current period results at prior period foreign
                             currency exchange rates. We also may exclude the impact of foreign
                             currency translation when making incentive compensation
                             determinations. As a result, our management believes that these
                             presentations are useful internally and may be useful to our
                             investors.
 
 
                                                                                                                                                                                                                             SEALED AIR CORPORATION
                                                                                                                                                                                                                            SUPPLEMENTARY INFORMATION
                                                                                                                                                                                                                 COMPONENTS OF CHANGE IN NET SALES BY REGION(1)
                                                   
                                                                                                                                                                                                                                                                Nine Months Ended September 30, (Unaudited)
                                                                                          ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                              North America                                           EMEA(2)                                               Latin America                                                    APAC(3)                                                            Total
                                                                                          ----------------------------------------------------                     --------------------------------------------------                     -------------------------------------------------------------                     -----------------------------------------------------------                     ---------------------------------------------------------------------
2015 Net Sales                                                                                       $ 2,202.5                                             $ 1,803.8                                             $ 524.7                                                        $ 746.6                                                    $ 5,277.6  
                                                                                                                                                                                                                                                                                                                                                                                                                                                             
Volume - Units                                                                                            43.1                        2.0 %                                        15.1                        0.8 %                                    (27.0)                               (5.1) %                                       (7.5)                               (1.0) %                                      23.7                        0.4 %
Price/mix                                                                                               (60.8)                      (2.8) %                                        16.6                        0.9 %                                      72.7                                13.9 %                                         3.4                                 0.5 %                                      31.9                        0.6 %
Divestitures                                                                                            (52.9)                      (2.4)                                        (43.7)                      (2.4) %                            --                      -- %                              --                      -- %                                    (96.6)                      (1.8) %
                                                                                          --------------------                      -----                          --------------------                      -----                        --------------------                      --------------                          --------------------                      --------------                        --------------------                      -----
   Total constant dollar change (Non-U.S. GAAP)                                                         (70.6)                      (3.2) %                                      (12.0)                      (0.7) %                                      45.7                                 8.8 %                                       (4.1)                               (0.5) %                                    (41.0)                      (0.8) %
Foreign currency translation                                                                             (9.3)                      (0.4) %                                      (66.1)                      (3.8) %                                   (104.3)                              (19.9) %                                      (22.7)                               (3.1) %                                   (202.4)                      (3.8) %
                                                                                          --------------------                      -----                          --------------------                      -----                        --------------------                      --------------                          --------------------                      --------------                        --------------------                      -----
   Total change (U.S. GAAP)                                                                             (79.9)                      (3.6) %                                      (78.1)                      (4.5) %                                    (58.6)                              (11.1) %                                      (26.8)                               (3.6) %                                   (243.4)                      (4.6) %
                                                                                          --------------------                      -----                          --------------------                      -----                        --------------------                      --------------                          --------------------                      --------------                        --------------------                      -----
                                                                                                                                                                                                                                                                                                                                 
                                                                                          --------------------                                                     --------------------                                                   --------------------                                                              --------------------                                                            --------------------
2016 Net Sales                                                                                       $ 2,122.6                                                                $ 1,725.7                                                                $ 466.1                                                                           $ 719.8                                                                       $ 5,034.2
                                                                                          ====================                                                     ====================                                                   ====================                                                              ====================                                                            ====================
 
                                                                                                                                                                                                                                     COMPONENTS OF ORGANIC CHANGE IN NET SALES BY REGION(1)
                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                    Nine Months Ended September 30, (Unaudited)
                                                                                               ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(In millions)                                                                                                            North America                                                                EMEA(2)                                                                            Latin America                                                                                                 APAC(3)                                                                                                            Total
                                                                                               ----------------------------------------------------------------                     ---------------------------------------------------------------------------------                     ---------------------------------------------------------------------------------------                     -------------------------------------------------------------------------------------                     ----------------------------------------------------------------------------------------------------
2015 Net Sales                                                                                  $ 2,202.5                                                         $ 1,803.8                                                                                $ 524.7                                                                                                     $ 746.6                                                                                             $ 5,277.6
Less: Divestitures                                                                                  (52.9 )                                                                              (43.7 )                                                                                          --                                                                           --                                                                              (96.6 )
                                                                                               ---------- --------------------                                                      ---------- --------------------                                                                       -------------- --------------------                                                                         -------------- --------------------                                                                       ---------- --------------------
2015 Net Sales, Excluding Divestitures (Non-US GAAP)                                              2,149.6                                                                              1,760.1                                                                                                     524.7                                                                                                       746.6                                                                                               5,181.0
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
Volume - Units                                                                                       43.1                                            2.0    %                             15.1                                            0.9                      %                               (27.0 )                                          (5.1 )                    %                                 (7.5 )                                         (1.0 )                    %                            23.7                                            0.5                      %
Price/mix                                                                                           (60.8 )                                         (2.8 )  %                             16.6                         0.9   %                                72.7                         13.9   %                                  3.4                         0.5   %                            31.9                         0.6   %
                                                                                               ---------- --------------------                      ---- --                         ---------- --------------------                      ---- --------------------                        -------------- --------------------                      ----- --------------------                         -------------- --------------------                      ---- --------------------                        ---------- --------------------                      ---- --------------------
   Total Organic change (Non-US GAAP) (4)                                                           (17.7 )                                         (0.8 )  %                             31.7                                            1.8                      %                                45.7                                             8.8                      %                                 (4.1 )                                         (0.5 )                    %                            55.6                                            1.1                      %
Foreign Currency Translation                                                                         (9.3 )                                         (0.4 )  %                            (66.1 )                                         (3.8 )                    %                              (104.3 )                                         (19.9 )                    %                                (22.7 )                                         (3.1 )                    %                          (202.4 )                                         (3.8 )                    %
                                                                                               ---------- --------------------                      ---- --                         ---------- --------------------                      ---- --------------------                        -------------- --------------------                      ----- --------------------                         -------------- --------------------                      ---- --------------------                        ---------- --------------------                      ---- --------------------
   Total change (Non-US GAAP)                                                                       (27.0 )                                         (1.2 )  %                            (34.4 )                                         (2.0 )                    %                               (58.6 )                                         (11.1 )                    %                                (26.8 )                                         (3.6 )                    %                          (146.8 )                                         (2.7 )                    %
                                                                                               ---------- --------------------                      ---- --                         ---------- --------------------                      ---- --------------------                        -------------- --------------------                      ----- --------------------                         -------------- --------------------                      ---- --------------------                        ---------- --------------------                      ---- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                                                     
                                                                                               --------------------------------                                                     --------------------------------                                                                      ------------------------------------                                                                        ------------------------------------                                                                      --------------------------------
2016 Net Sales                                                                                  $ 2,122.6                                                         $ 1,725.7                                                                                $ 466.1                                                                                  $ 719.8                                                                          $ 5,034.2  
                                                                                               ========== ====================                                                      ========== ====================                                                                       ============== ====================                                                                         ============== ====================                                                                       ========== ====================
_______________________
(1)       The supplementary information included in this press release for
                             2016 is preliminary and subject to change prior to the filing of our
                             upcoming Quarterly Report on Form 10-Q with the Securities and
                             Exchange Commission.
(2)                          EMEA consists of Europe, Middle East, Africa and Turkey.
(3)                          APAC refers collectively to our Asia Pacific region. This region
                             consists of i) Greater China, ii) India/Southeast Asia and iii)
                             Australia, New Zealand, Japan and Korea.
(4)                          Changes in these items excluding the impact of foreign currency
                             translation are non-U.S. GAAP financial measures. Since we are a
                             U.S. domiciled company, we translate our
                             foreign-currency-denominated financial results into U.S. dollars.
                             Due to changes in the value of foreign currencies relative to the
                             U.S. dollar, translating our financial results from foreign
                             currencies to U.S. dollars may result in a favorable or unfavorable
                             impact. It is important that we take into account the effects of
                             foreign currency translation when we view our results and plan our
                             strategies. Nonetheless, we cannot control changes in foreign
                             currency exchange rates. Consequently, when our management looks at
                             our financial results to measure the core performance of our
                             business, we exclude the impact of foreign currency translation by
                             translating our current period results at prior period foreign
                             currency exchange rates. We also may exclude the impact of foreign
                             currency translation when making incentive compensation
                             determinations. As a result, our management believes that these
                             presentations are useful internally and may be useful to our
                             investors.
                                                                                                   

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20161027005377r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20161027005377/en/

SOURCE: Sealed Air Corporation

Sealed Air Corporation 
Investors: 
Lori Chaitman, 201-712-7310


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