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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
Schedule Of Income Before Income Tax, Domestic And Foreign

For the Years Ended December 31,

Components of Income before Taxes

2024

2023

2022

Domestic

$

532.5

$

591.9

$

573.6

Foreign

40.7

37.4

35.9

Income before taxes

$

573.2

$

629.3

$

609.5

Schedule Of Components Of Income Tax Expense Benefit

For the Years Ended December 31,

Components of Income Tax Provision

2024

2023

2022

Current expense:

U.S. Federal

$

94.7

$

109.7

$

119.5

State

23.6

29.1

28.8

Foreign

11.8

10.7

10.5

Total current expense

$

130.1

$

149.5

$

158.8

Deferred expense (benefit):

U.S. Federal

$

14.7

$

11.9

$

(2.1)

State

4.5

3.7

(0.6)

Foreign

(0.2)

(0.2)

(0.3)

Total deferred expense (benefit)

$

19.0

$

15.4

$

(3.0)

Total income tax provision

$

149.1

$

164.9

$

155.8

Schedule Of Effective Income Tax Rate Reconciliation

For the Years Ended December 31,

2024

2023

2022

Statutory U.S. federal income tax rate

21.0

%

21.0

%

21.0

%

State and local income taxes, net of federal benefit

3.9

4.1

3.7

Other, net

1.1

1.1

0.9

Effective tax rate

26.0

%

26.2

%

25.6

%

Schedule Of Deferred Tax Assets And Liabilities

Assets (Liabilities)

2024

2023

Pension

$

28.9

$

23.5

Operating lease liabilities

62.2

58.8

Postretirement benefits

15.7

16.1

Inventory

8.7

25.2

Payroll accruals

4.5

6.1

Computer software

1.4

3.7

Bad debt reserves

2.1

2.0

Other deferred tax assets

23.5

19.0

Subtotal

147.0

154.4

Less: valuation allowances

(1.3)

(1.1)

Deferred tax assets

145.7

153.3

Fixed assets

(48.9)

(50.6)

Operating lease right-of-use assets

(57.3)

(54.1)

Other deferred tax liabilities

(24.3)

(23.0)

Deferred tax liabilities

(130.5)

(127.7)

Net deferred tax assets

$

15.2

$

25.6

Deferred income taxes included in non-current assets (liabilities) at December 31 were:

2024

2023

Deferred tax assets included in other non-current assets

$

17.3

$

28.1

Deferred tax liabilities included in other non-current liabilities

(2.1)

(2.5)

Total

$

15.2

$

25.6

Summary Of Operating Loss Carryforwards Operating loss and tax credit carryforwards included in net deferred tax assets, all of which expire between 2025 and 2034, at December 31 were:

2024

2023

U.S. Federal

$

1.3

$

1.1

State

0.1

0.1

Schedule Of Unrecognized Tax Benefits Roll Forward

2024

2023

2022

Balance at January 1,

$

0.4

$

0.5

$

1.0

Reductions for tax positions of prior years

(0.4)

(0.1)

(0.5)

Balance at December 31,

$

$

0.4

$

0.5