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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Selected Data with Respect to the Company's Income Tax Provision
The following table sets forth selected data with respect to the Company’s income tax provisions for the years ended December 31, (in millions): 
 202520242023
Income before income taxes:   
United States$968.1 $851.3 $836.9 
International151.0 155.5 135.3 
TOTAL INCOME BEFORE INCOME TAXES$1,119.1 $1,006.8 $972.2 
Provision for income taxes — current:
Federal$155.0 $150.2 $165.6 
State24.3 33.0 35.6 
International36.9 36.9 32.3 
Total provision — current$216.2 $220.1 $233.5 
Provision for income taxes — deferred: 
Federal$28.3 $12.6 $(10.8)
State0.8 (3.5)(8.4)
International(18.1)(7.1)0.3 
Total provision — deferred$11.0 $2.0 $(18.9)
TOTAL PROVISION FOR INCOME TAXES$227.2 $222.1 $214.6 
Schedule of Deferred Tax Assets and Liabilities
Deferred tax assets and liabilities result from differences in the basis of assets and liabilities for tax and financial statement purposes. The components of the deferred tax assets/(liabilities) at December 31, were as follows (in millions):
 20252024
Deferred tax assets:  
Inventories$17.7 $— 
Lease liabilities39.5 38.2 
Income tax credits10.4 23.9 
Accrued liabilities42.6 38.0 
Pension24.0 33.0 
Post retirement and post employment benefits3.1 3.4 
Stock-based compensation8.0 8.0 
Loss carryforwards11.1 10.4 
Capitalized research expenditures32.5 56.2 
Miscellaneous other24.1 23.3 
Gross deferred tax assets213.0 234.4 
Valuation allowance(19.7)(34.1)
Total deferred tax assets, net of valuation allowance193.3 200.3 
Deferred tax liabilities: 
Historical inventories including impact of accounting method change(39.3)(32.2)
Liability on undistributed foreign earnings(5.6)(5.3)
Goodwill and intangibles(408.0)(335.1)
Right-of-use assets(38.0)(36.8)
Property, plant, and equipment(96.7)(60.5)
Total deferred tax liabilities(587.6)(469.9)
TOTAL NET DEFERRED TAX LIABILITY$(394.3)$(269.6)
Deferred taxes are reflected in the Consolidated Balance Sheet as follows: 
Non-current tax assets (included in Other long-term assets)$25.8 $7.5 
Non-current tax liabilities (included in Other Non-Current Liabilities)(420.1)(277.1)
TOTAL NET DEFERRED TAX LIABILITY$(394.3)$(269.6)
Schedule of Income Taxes Paid
The Company paid cash income taxes (net of refunds) in the following jurisdictions (in millions):
 202520242023
Federal$147.2 $158.5 $157.9 
State payments28.5 30.3 27.6 
Foreign38.6 36.5 29.5 
TOTAL CASH TAXES PAID$214.3 $225.3 $215.0 
Schedule of Income Tax Examinations
The following tax years, by major jurisdiction, are still subject to examination by taxing authorities: 
JurisdictionOpen Years
United States2022-2025
UK2022-2025
Puerto Rico2021-2025
Canada2020-2025
Schedule of Reconciliation of Beginning and Ending Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions): 
 202520242023
Unrecognized tax benefits at beginning of year$48.2 $47.0 $42.1 
Additions based on tax positions relating to the current year13.9 10.0 10.4 
Reductions based on expiration of statute of limitations(5.6)(7.2)(7.6)
Additions/(Subtractions) to tax positions relating to previous years2.6 (0.4)2.8 
Settlements(0.2)(1.2)(0.7)
TOTAL UNRECOGNIZED TAX BENEFITS$58.9 $48.2 $47.0 
Schedule of Effective Income Tax Rate Reconciliation
The consolidated effective income tax rate varied from the United States federal statutory income tax rate for the years ended December 31, as follows (in millions and percentage):
 202520242023
AmountPercentageAmountPercentageAmountPercentage
U.S. Federal Statutory Tax Rate$235.0 21.0 %$211.5 21.0 %$203.9 21.0 %
State and Local Income taxes, net of federal income tax effect (1)
20.3 1.8 23.4 2.3 22.9 2.4 
Foreign Tax Effect (2)
(11.4)(1.0)(1.5)(0.1)4.6 0.5 
Effect of Cross-Border Tax Laws(5.2)(0.5)(5.7)(0.6)(1.2)(0.1)
Tax Credits(8.5)(0.8)(7.4)(0.7)(9.4)(1.0)
Nontaxable or Nondeductible Items(0.3)— 5.4 0.5 0.9 0.1 
Changes in Unrecognized Tax Benefits(2.7)(0.2)(3.6)(0.3)(7.1)(0.8)
EFFECTIVE TAX RATE$227.2 20.3 %$222.1 22.1 %$214.6 22.1 %
(1) In 2025, state and local income taxes in California, Illinois, New Jersey, Texas, Minnesota, Wisconsin, Pennsylvania, Florida and Georgia comprise the majority of the state and local income taxes, net of federal effect category. In 2024, state and local income taxes in California, Illinois, New Jersey, Florida, Minnesota, Texas, Wisconsin, Georgia and Pennsylvania comprise the majority of the state and local income taxes, net of federal effect category. In 2023, state and local income taxes in California, Illinois, New Jersey, Florida, Texas, Minnesota, Wisconsin, Pennsylvania, Georgia and Michigan comprise the majority of the state and local income taxes, net of federal effect category.

(2) Includes the income tax benefit from International Restructuring.