Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Provision for Income Taxes

The components of the provision for income taxes are as follows (in millions):

	Year Ended
	December 31, 2025		December 31, 2024		December 31, 2023
Current:
United States	$	53.2	$	48.4	$	36.4
Non-United States	4.2		5.3		4.6
State and local	11.4		7.7		7.6
Total current	68.8		61.4		48.6
Deferred:
United States	(3.8)		(12.9)		(7.5)
Non-United States	(0.4)		0.2		1.3
State and local	(0.7)		(0.6)		0.2
Total deferred	(4.9)		(13.3)		(6.0)
Provision for income taxes	$	63.9	$	48.1	$	42.6

Schedule of U.S. Statutory Income Tax Rate Reconciliation

The following illustrates the specific categories and the reconciling items disclosed by a public business entity in its tabular rate reconciliation in accordance with paragraphs ASC 740-10-50-12A through 50-12B (in millions). The entity is domiciled in the United States and presents comparative financial statements. For the disclosure of foreign tax effects in accordance with paragraph ASC 740-10-50-12A(b)(2), it is assumed that the 5 percent threshold, computed by multiplying the income (or loss) from continuing operations before income taxes by applicable statutory federal (national) income tax rate of the United States, is met for Canada, at the jurisdictional level, but not for any individual reconciling items of the same nature within Canada.

	Year Ended
	December 31, 2025
	Amount		Percent
U.S. federal statutory tax rate	$	53.8	21.0	%
State and local income taxes, net of federal income tax effect (1)	8.6		3.4	%
Changes in valuation allowances	(1.3)		(0.5)	%
Foreign tax effects
Canada
Statutory tax rate difference between Canada and United States	0.7		0.2	%
Effect of changes in tax laws or rates enacted in the current period	—		—	%
Effect on cross-border tax laws	(0.3)		(0.2)	%
Tax credits	(0.5)		(0.2)	%
Nontaxable or nondeductible items
Share-based compensation	(2.1)		(0.8)	%
§162(m) limitation	5.8		2.3	%
Other	0.5		0.2	%
Changes in unrecognized tax benefits	(1.0)		(0.4)	%
Other adjustments	(0.3)		(0.1)	%
Effective tax rate	$	63.9	24.9	%

____________________

(1)During the year ended December 31, 2025, state taxes in California, Illinois, New York, and Texas made up the majority of the tax effect in this category.

The following illustrates how the provision for income taxes differs from the United States statutory income tax rate related to the retrospective years ending December 31, 2024 and December 31, 2023 (in millions):

	Year Ended
	December 31, 2024		December 31, 2023
Provision for income taxes at U.S. federal statutory income tax rate	$	43.5	$	30.8
State and local income taxes, net of federal benefit	6.4		5.2
Net effects of foreign rate differential	0.9		0.9
Net effects of foreign operations	—		0.1
Nondeductible acquisition costs	—		(1.3)
Unrecognized tax benefits, net of federal benefit	(2.9)		0.5
Excess tax benefits related to equity compensation	(4.6)		(1.7)
§162(m) compensation limitation	5.4		6.2
Nondeductible loss on divestiture of asbestos liabilities and certain assets	—		2.0
Net changes in valuation allowance	(0.2)		0.5
Other	(0.4)		(0.6)
Provision for income taxes	$	48.1	$	42.6

Schedule of Components of Income Before Income Taxes

The provision for income taxes was calculated based upon the following components of income from continuing operations before income taxes (in millions):

	Year Ended
	December 31, 2025		December 31, 2024		December 31, 2023
United States	$	241.1	$	185.0	$	127.6
Non-United States	15.2		22.0		19.2
Income before income taxes	$	256.3	$	207.0	$	146.8

Schedule of Components of Income Taxes Paid

The components of income taxes paid are as follows (in millions):

	Year Ended
Jurisdiction	December 31, 2025
U.S. federal	$	49.3
State:
California	2.5
Other	7.3
State subtotal	9.8
Foreign
Canada	3.0
Other	0.9
Foreign subtotal	3.9
Total cash paid for income taxes (net of refunds)	63.0

Schedule of Deferred Income Taxes

Deferred income taxes consist of the tax effects of the following temporary differences (in millions):

	December 31, 2025		December 31, 2024
Deferred tax assets:
Compensation and retirement benefits	$	22.0	$	19.4
General accruals and reserves	4.1		12.7
Lease liabilities	18.8		19.3
State tax net operating loss and credit carryforwards	6.6		10.3
Federal and state capital loss carryforwards	0.4		0.4
Foreign net operating loss carryforwards	1.0		0.9
Other	2.2		2.4
Total deferred tax assets before valuation allowance	55.1		65.4
Valuation allowance	(4.8)		(9.0)
Total deferred tax assets	50.3		56.4
Deferred tax liabilities:
Property, plant and equipment	17.9		19.8
Lease ROU assets	17.2		17.7
Inventories	14.3		15.3
Intangible assets and goodwill	187.8		197.2
Total deferred tax liabilities	237.2		250.0
Net deferred tax assets (liabilities)	$	(186.9)	$	(193.6)
Net amount on consolidated balance sheets consists of:
Other assets	$	2.8	$	2.9
Deferred income taxes	(189.7)		(196.5)
Net long-term deferred tax assets (liabilities)	$	(186.9)	$	(193.6)

Schedule of Reconciliation of Gross Unrecognized Tax Benefits

The following table represents a reconciliation of the beginning and ending amount of the gross unrecognized tax benefits, excluding interest and penalties, for the years ended December 31, 2025 and 2024 (in millions):

	Year Ended
	December 31, 2025		December 31, 2024
Balance at beginning of period	$	1.7	$	5.1
Additions based on tax positions related to the current year	0.1		0.1
Additions for tax positions of prior years	0.1		—
Reductions for tax positions of prior years	—		(0.1)
Reductions due to lapse of applicable statute of limitations	(1.4)		(3.4)
Balance at end of period	$	0.5	$	1.7