XML 82 R83.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Income Taxes - Income taxes relating to continuing operations and deferred taxes (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 22, 2017
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income from continuing operations before income taxes by geographic region        
U.S.   $ 427.8 $ 390.3 $ 375.4
Non-U.S.   163.7 213.8 172.8
Income from continuing operations before income taxes   591.5 604.1 548.2
Current:        
Federal   23.6 (15.6) (3.5)
State and local   4.3 (2.9) 4.2
Foreign   36.8 46.9 43.2
Total current   64.7 28.4 43.9
Deferred:        
Federal   67.6 85.9 (150.5)
State and local   24.0 20.0 47.2
Foreign   0.4   (5.4)
Total deferred   92.0 105.9 (108.7)
Income taxes   156.7 $ 134.3 (64.8)
Reconciliation of income taxes from continuing operations at federal statutory rate        
Federal statutory income tax rate (as a percent) 35.00%   21.00%  
Income taxes at federal statutory rate of 35%   124.2 $ 126.9 191.9
State and local income taxes, net of federal taxes   23.6 13.8 13.7
Non-U.S. income taxed at other rates   2.8 1.9 (25.2)
Revaluation of U.S. deferreds       (301.6)
Deemed mandatory repatriation       54.8
SAB 118 Benefit     (11.6)  
Other   6.1 3.3 1.6
Income taxes   156.7 134.3 (64.8)
Deferred Tax Assets        
Accrued liabilities   49.7 48.7  
Net operating loss and credit carryforwards   72.8 81.4  
Leasing liabilities   577.8    
Other   27.6 27.9  
Total deferred tax assets   727.9 158.0  
Valuation allowance   (45.7) (40.5)  
Net deferred tax assets   682.2 117.5  
Deferred Tax Liabilities        
Depreciation and amortization   (206.9) (188.0)  
Partnership investments   (569.0) (499.3)  
Leasing assets   (577.8)    
Other   (6.4) (8.0)  
Total deferred tax liabilities   (1,360.1) (695.3)  
Net deferred tax liabilities   (677.9) (577.8)  
Income from continuing operations before income taxes of non-U.S. subsidiaries   163.7 $ 213.8 $ 172.8
Amount of total temporary difference related to the excess of financial reporting basis over tax basis in the non-U.S. subsidiaries on which U.S. federal income taxes are not provided   $ 109.5