Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income (Loss) Before Income Taxes by Domestic and Foreign Locations

Income (loss) before income taxes by domestic and foreign locations consists of the following:

	Years Ended December 31,
	2022		2021			2020
Domestic	$	68.5	$	(143.8	)	$	(38.1	)
Foreign		120.8		151.6			42.1
Total	$	189.3	$	7.8		$	4.0

Components of Provision (Benefit) for Income Taxes

The components of the provision for income taxes consist of the following:

	Years Ended December 31,
	2022			2021			2020
Current:
Federal	$	45.8		$	18.8		$	14.5
State		6.7			3.8			2.2
Non-U.S.		41.9			39.6			41.1
		94.4			62.2			57.8
Deferred:
Federal		(18.6	)		(70.8	)		(15.3	)
State		(0.0	)		(6.1	)		(2.1	)
Non-U.S.		(13.5	)		(5.2	)		(10.9	)
		(32.1	)		(82.1	)		(28.3	)
Provision/(benefit) for income taxes	$	62.3		$	(19.9	)	$	29.5

Reconciliation from Tax at U.S. Federal Statutory Rate to Company's Provision (Benefit) for Income Taxes

A reconciliation from tax at the U.S. federal statutory rate to the Company’s provision for income taxes is as follows:

	Years Ended December 31,
	2022			2021			2020
Tax at U.S. federal income tax rate	$	39.7		$	1.7		$	0.9
State taxes, net of federal income tax effect		3.5			0.7			0.3
Other changes in tax rate		1.0			(0.2	)		(0.2	)
Outside basis difference		11.5			(11.5	)		—
Foreign taxes		3.2			2.3			3.9
Global intangible low-taxed income		7.9			0.8			(2.1	)
Valuation allowance		0.1			0.5			0.5
Tax credits and incentives		(3.1	)		(2.0	)		(2.5	)
Impairment charges		(3.3	)		(14.5	)		29.0
Other		1.8			2.3			(0.3	)
Provision/(benefit) for income taxes	$	62.3		$	(19.9	)	$	29.5

Significant Components of Deferred Tax Assets and Liabilities

	Years Ended December 31,
	2022			2021
Deferred tax assets:
Post-retirement obligations	$	2.7		$	5.7
Tax credits		1.1			1.8
Expenses not currently deductible		37.1			28.7
Net operating loss carryover		6.5			6.0
Debt and derivative instruments		1.4			8.6
Operating lease liabilities		9.9			12.1
Other		2.2			15.2
Total deferred tax assets		60.9			78.1
Valuation allowance for deferred tax assets		(4.2	)		(4.3	)
Net deferred tax assets		56.7			73.8
Deferred tax liabilities:
Property, plant and equipment		19.7			35.7
Intangible assets		217.8			256.6
Goodwill		11.2			9.9
Operating lease right of use asset		9.7			11.6
Other		7.6			8.2
Total deferred liabilities		266.0			322.0
Net deferred tax liabilities	$	209.3		$	248.2