Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes consisted of:

	Year Ended December 31,
(in millions)	2021		2020		2019
Federal
Current	$	0.1	$	-	$	-
Deferred taxes and other accruals		12.5		6.2		(0.1	)
State		2.0		1.1		-
Total provision (benefit) for income taxes	$	14.6	$	7.3	$	(0.1	)

Summary of Difference between the Effective Income Tax Rate and U.S. Statutory Rate

The difference between the effective income tax rate and the U.S. statutory rate is reconciled below:

	Year Ended December 31,
	2021				2020				2019
U.S. statutory rate		21.0		%		21.0		%		21.0		%
Non-taxable income from pre-Restructuring period		-				-				(21.4	)
Noncontrolling interest in partnership		(19.0	)			(19.7	)			0.4
State tax		0.3				0.2				-
Effective rate		2.3		%		1.5		%		-		%

Components of Deferred Tax Assets and Liabilities

The components of deferred tax assets and liabilities are as follows:

	December 31,
	2021			2020
(in millions)
Deferred tax liabilities
Investments	$	(0.4	)	$	(0.3	)
Total deferred tax liabilities		(0.4	)		(0.3	)
Deferred tax assets
Investments		102.3			39.0
Net operating loss carryforwards		15.0			3.8
Total deferred tax assets		117.3			42.8
Net deferred tax assets (liabilities)	$	116.9		$	42.5