Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule Of Deferred Tax Assets and Liabilities

	December 31, 2024			December 31, 2023
Deferred income tax assets (liabilities)
Net operating losses	$	30.0		$	32.2
Postretirement benefits		11.0			13.1
Pension benefit liabilities		7.3			8.1
Deferred compensation		4.5			6.8
State tax credit carryforwards		3.7			4.4
Capital loss carryforwards		5.6			18.8
Capitalized research expenses		20.5			15.3
Lease liabilities		14.3			9.5
Other		9.9			9.0
Total deferred income tax assets		106.8			117.2
Valuation allowances		(36.3	)		(49.1	)
Net deferred income tax assets		70.5			68.1
Intangibles		(83.9	)		(84.7	)
Partnerships and investments		(23.7	)		(25.4	)
Accumulated depreciation		(87.1	)		(87.3	)
Prepaid pension costs		(22.5	)		(21.6	)
Inventories		(3.6	)		(4.4	)
Lease assets		(15.1	)		(9.9	)
Other		(1.7	)		(1.7	)
Total deferred income tax liabilities		(237.6	)		(235.0	)
Net deferred income tax liabilities	$	(167.1	)	$	(166.9	)

Schedule of Components of Income Tax Expense (Benefit)

	2024			2023			2022
Details of taxes
Earnings from continuing operations before income taxes
Domestic	$	342.0		$	291.9		$	251.7
Foreign		5.1			6.4			5.9
Total	$	347.1		$	298.3		$	257.6
Income tax expense (benefit):
Current:
Federal	$	64.0		$	59.8		$	46.3
Foreign		1.2			1.7			1.3
State		16.3			13.9			11.3
Total current		81.5			75.4			58.9
Deferred:
Federal		(0.9	)		(3.2	)		(1.9	)
Foreign		(0.1	)		(0.2	)		(0.2	)
State		1.7			2.5			0.9
Total deferred		0.7			(0.9	)		(1.2	)
Total income tax expense	$	82.2		$	74.5		$	57.7

Schedule Of The Reconciliation To U.S. Statutory Tax Rate

	2024			2023			2022
Reconciliation to U.S. statutory tax rate
Continuing operations tax expense at statutory rate	$	72.9		$	62.6		$	54.1
State income tax expense, net of federal impact		15.5			13.7			11.0
Expiration of deferred income tax assets		9.3			0.2			0.7
(Decrease) increase in valuation allowances on deferred income tax assets		(12.1	)		0.3			(1.7	)
Statute closures		(2.7	)		(0.6	)		(5.1	)
Excess tax benefits on share-based compensation		(1.0	)		(0.1	)		(0.5	)
U.S. permanent differences		(0.3	)		(2.6	)		(0.8	)
Other		0.6			1.0			-
Tax expense at effective rate	$	82.2		$	74.5		$	57.7

Schedule Of Unrecognized Tax Benefits

We had the following activity for UTB’s for the years ended December 31, 2024, 2023 and 2022:

	2024			2023			2022
Unrecognized tax benefits balance as of January 1,	$	26.9		$	27.3		$	35.6
Gross change for current-year positions		0.5			0.4			0.4
Increase for prior period positions		0.2			0.2			0.2
Decrease for prior period positions		(0.2	)		(0.5	)		(1.4	)
Decrease due to statute expirations		(2.9	)		(0.5	)		(7.5	)
Unrecognized tax benefits balance as of December 31,	$	24.5		$	26.9		$	27.3

Schedule Of Other Taxes

	2024		2023		2022
Other taxes
Payroll taxes	$	23.9	$	20.8	$	18.3
Property, franchise and capital stock taxes		4.8		5.4		4.5