XML 113 R93.htm IDEA: XBRL DOCUMENT v3.22.4
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Deferred tax assets:    
Inventories $ 9.6 $ 10.2
Lease liabilities 27.4 20.5
Income tax credits 22.8 22.8
Accrued liabilities 40.8 38.5
Pension 38.9 43.1
Basis difference in subsidiary 0.0 25.1
Post retirement and post employment benefits 4.5 4.9
Stock-based compensation 6.9 6.7
Loss carryforwards 14.2 17.3
Capitalized research expenditures 18.4 0.0
Miscellaneous other 16.4 17.0
Gross deferred tax assets 199.9 206.1
Valuation allowance (32.2) (32.6)
Total deferred tax assets, net of valuation allowance 167.7 173.5
Deferred tax liabilities:    
Liability on undistributed foreign earnings (7.0) (7.9)
Goodwill and intangibles (185.0) (205.2)
Right-of-use assets (26.1) (19.5)
Property, plant, and equipment (57.9) (50.4)
Total deferred tax liabilities (276.0) (283.0)
Deferred taxes are reflected in the Consolidated Balance Sheet as follows:    
Non-current tax assets (included in Other long-term assets) 5.5 5.2
Non-current tax liabilities (included in Other Non-Current Liabilities) (113.8) (114.7)
TOTAL NET DEFERRED TAX LIABILITY $ (108.3) $ (109.5)