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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of income from continuing operations before income taxes by geographic region
Income before income taxes by geographic region was as follows:
Year Ended December 31,
202420232022
U.S.$976.4 $1,119.9 $1,474.5 
Non-U.S.263.5 299.6 384.7 
Income before income taxes$1,239.9 $1,419.5 $1,859.2 
Schedule of income taxes relating to income from continuing operations
Income taxes consisted of the following:
Year Ended December 31,
202420232022
Current:
Federal$215.4 $131.0 $200.6 
State and local43.1 53.4 71.6 
Non-U.S.71.0 74.7 76.6 
Total current$329.5 $259.1 $348.8 
Deferred:
Federal(19.7)85.5 98.8 
State and local4.1 10.0 17.1 
Non-U.S.2.6 6.3 8.3 
Total deferred$(13.0)$101.8 $124.2 
Income taxes$316.5 $360.9 $473.0 
Schedule of reconciliation of income taxes from continuing operations at federal statutory rate
Income taxes varied from the U.S. federal statutory income tax rate due to the following:
Year Ended December 31,
202420232022
Income taxes at federal statutory rate$260.3 $298.1 $390.4 
State and local income taxes, net of federal taxes40.5 47.7 67.3 
Non-U.S. income taxed at other rates18.3 18.2 4.1 
Other(2.6)(3.1)11.2 
Income taxes$316.5 $360.9 $473.0 
Schedule of components of deferred tax assets and liabilities
The components of deferred tax assets and liabilities as of December 31, 2024 and 2023 were as follows:
December 31,
20242023
Deferred Tax Assets
Accrued liabilities$79.9 $77.3 
Net operating loss and credit carryforwards47.0 49.3 
Leasing liabilities641.7 624.8 
Other44.5 36.6 
Total deferred tax assets813.1 788.0 
Valuation allowance(59.2)(58.2)
Net deferred tax assets$753.9 $729.8 
Deferred Tax Liabilities
Depreciation and amortization(402.2)(354.2)
Partnership investments(930.0)(972.1)
Leasing assets(641.7)(624.8)
Other(11.0)(10.4)
Total deferred tax liabilities(1,984.9)(1,961.5)
Net deferred tax liabilities$(1,231.0)$(1,231.7)