Income Taxes (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Components of Income Tax Expense (Benefit)

The components of our income tax benefit (expense) are as follows (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Current income tax expense	$	(0.2)	$	(0.5)	$	(0.3)	$	(0.7)
Deferred income tax benefit (expense)	(18.8)		1.8		(29.6)		(1.2)
Income tax benefit (expense)	$	(19.0)	$	1.3	$	(29.9)	$	(1.9)

Reconciliation of Total Income Tax Expense to Income before Income Taxes

The following schedule reconciles income tax benefit (expense) and the amount calculated by applying the statutory U.S. federal tax rate to income before non-controlling interest and income taxes (in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Expected income tax expense based on federal statutory rate	$	(15.4)	$	(17.8)	$	(29.9)	$	(25.9)
State income tax expense, net of federal benefit	(2.0)		(2.5)		(3.8)		(3.6)
Unit-based compensation (1)	0.1		—		6.6		(2.0)

Change in valuation allowance	—		21.0		—		28.1

Other	(1.7)		0.6		(2.8)		1.5
Income tax benefit (expense)	$	(19.0)	$	1.3	$	(29.9)	$	(1.9)

____________________________

(1)Related to book-to-tax differences recorded upon the vesting of unit-based awards.