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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Summary of Income Before Tax From U.S. and Non-U.S. Operations
Geographic sources of income before income taxes consists of the following:
(in millions)202520242023
Continuing operations:   
U.S. domestic$942.1 $1,106.5 $924.1 
Foreign6.7 4.4 6.3 
Income from continuing operations before income taxes948.8 1,110.9 930.4 
Discontinued operations:   
U.S. domestic0.3 (15.2)(121.9)
Foreign— 495.5 143.6 
Income from discontinued operations before income taxes0.3 480.3 21.7 
Total income before income taxes$949.1 $1,591.2 $952.1 
Summary of Provision for Income Taxes From Continuing Operations
The provision for income taxes from continuing operations consists of the following:
(in millions)202520242023
Current provision:   
Federal$153.4 $231.7 $195.8 
State41.9 50.4 39.4 
Foreign1.2 22.8 4.5 
Total current provision196.5 304.9 239.7 
Deferred provision:   
Federal15.5 (27.8)(18.2)
State(1.7)(7.8)(2.0)
Foreign(4.0)(23.5)(8.0)
Total deferred provision9.8 (59.1)(28.2)
Total provision for income taxes$206.3 $245.8 $211.5 
Summary of Reconciliation of Taxes from Continuing Operations Computed at the Statutory Rate to the Tax Provision
A reconciliation of the tax provision from continuing operations computed at the U.S. federal statutory rate to the actual tax provision follows:
202520242023
(in millions, except percentages)AmountPercentAmountPercentAmountPercent
Taxes at U.S. statutory rate$199.221.0 %$233.321.0 %$195.421.0 %
State and local taxes, net of federal income tax benefit(1)
31.43.3 33.83.0 31.43.4 
Tax credits(12.6)(1.3)(9.1)(0.8)(3.3)(0.4)
Other, net(11.7)(1.2)(12.2)(1.1)(12.0)(1.3)
Effective Tax Rate$206.321.7 %$245.822.1 %$211.522.7 %
(1)State taxes in California, Florida, Illinois, Massachusetts, Minnesota, New Jersey, Pennsylvania, and Wisconsin made up the majority (greater than 50 percent) of the tax effect in this category.
Summary of Cash Payments for Income Taxes, Net of Refunds
Cash payments for income taxes, net of refunds, were as follows:
(in millions)202520242023
Federal$137.9 $259.4 $190.2 
State38.0 50.2 41.5 
Foreign29.6 14.6 16.0 
Total$205.5 $324.2 $247.7 
Supplemental Cash Flow Information
(in millions)202520242023
Operating lease liabilities - cash paid$36.0 $23.4 $19.9 
Operating lease liabilities - right-of-use assets obtained26.4 92.8 19.2 
Summary of Deferred Tax Assets (Liabilities)
(in millions)December 31,
2025		December 31,
2024
U.S. federal tax attributes$39.7 $37.6 
Deferred revenue37.1 35.9 
Employee benefits30.0 30.9 
Capitalized research and development costs— 29.4 
Lease liabilities27.3 22.8 
U.S. state tax attributes22.2 19.2 
Non-U.S. tax attributes18.3 15.7 
Other, net26.0 21.7 
Gross deferred assets200.6 213.2 
Valuation allowances(52.0)(51.7)
Deferred tax assets after valuation allowances148.6 161.5 
Intangibles(297.7)(308.1)
Property, plant and equipment(54.3)(47.7)
Right of use assets(25.7)(21.6)
Undistributed foreign earnings(6.7)(6.3)
Gross deferred liabilities(384.4)(383.7)
Net deferred tax liabilities$(235.8)$(222.2)
Summary of Deferred Tax Assets and (Liabilities) Included in the Balance Sheet
Deferred tax assets and liabilities included in the Consolidated Balance Sheet follow:
(in millions)December 31,
2025		December 31,
2024
Other long-term assets$9.8 $6.0 
Deferred taxes(245.6)(228.2)
Net deferred tax liabilities$(235.8)$(222.2)
Summary of Reconciliation of the Beginning and Ending Amount of Gross Unrecognized Tax Benefits (Before Estimated Interest and Penalties)
A summary of the movement in gross unrecognized tax benefits (before estimated interest and penalties) follows:
(in millions)202520242023
Balance as of January 1$9.6 $7.3 $6.4 
Additions based on tax positions related to current year3.6 3.1 3.3 
Reductions due to statute of limitations(0.8)(0.8)(2.7)
Reductions due to settlements— — (0.2)
Adjustments due to foreign exchange rates(0.3)— 0.5 
Balance as of December 31$12.1 $9.6 $7.3