Income Taxes

9 Months Ended

Sep. 30, 2025

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes.

	Three months ended September 30,						Nine months ended September 30,
	2025			2024			2025			2024
Income tax expense	$	9.6		$	29.9		$	12.2		$	58.8
Effective tax rate	18.3		%	308.2		%	19.6		%	144.1		%

The effective tax rate on the income from continuing operations was 18.3% and 19.6% for the three and nine months ended September 30, 2025, respectively. The effective tax rate on the income from continuing operations was 308.2% and 144.1% for the three and nine months ended September 30, 2024, respectively. For all periods noted, the effective tax rate differed compared to the U.S. federal statutory rate due to expected jurisdictional mix of earnings, U.S. tax on foreign income and other expected permanent tax differences relative to pretax earnings. Additionally, for the three months ended September 30, 2025, the Company recorded a net discrete tax benefit primarily in connection with remeasurement of deferred taxes to reflect enacted tax rate changes in foreign jurisdictions, which included $19.1 in Germany. The Company has included the impact of the One Big Beautiful Bill Act (OBBBA), which was enacted July 4, 2025, in its income tax provision for the three and nine months ended September 30, 2025. The enactment of OBBBA did not have a material effect on the Company's consolidated financial statements.