Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Taxes and Noncontrolling Interest

Income (loss) before taxes consisted of the following:

	2024		2023		2022
US	$	(169.2)	$	(389.5)	$	221.2
Foreign	417.2		387.9		392.6
Total	$	248.0	$	(1.6)	$	613.8

Schedule of Provision for Income Taxes

The provision for income taxes is summarized as follows:

	2024		2023		2022
Current
US Federal	$	45.9	$	39.6	$	101.6
US State	10.0		6.4		10.2
Foreign	146.0		122.0		87.2
	$	201.9	$	168.0	$	199.0
Deferred
US Federal	$	(89.6)	$	(84.3)	$	(50.7)
US State	(15.3)		(9.4)		(12.1)
Foreign	(47.4)		(21.6)		(17.3)
	(152.3)		(115.3)		(80.1)
Total	$	49.6	$	52.7	$	118.9

Schedule of Federal Statutory Expense (Benefit) and the Income Tax Expense

A reconciliation of the federal statutory expense (benefit) and the income tax expense reflected in the Consolidated Statements of Income (Loss) follows:

	2024		2023		2022
Federal Statutory Expense (Benefit)	$	52.1	$	(0.4)	$	128.9
State Income Taxes, Net of Federal Benefit	(3.2)		(8.6)		3.2
Effect of Impairments and Divestitures	21.2		35.0		—
Foreign Rate Differential	(8.3)		(10.8)		(1.4)
Research and Development Credit	(8.7)		(8.7)		(9.7)
Valuation Allowance	(6.6)		4.3		0.2
Tax on Repatriation	5.3		25.8		7.2
Transaction Costs	—		6.9		—
US Tax on Foreign Operations	(6.6)		14.2		6.7
Deferred Tax Remeasurement	(1.1)		3.4		(2.4)
Other	5.5		(8.4)		(13.8)
Income Tax Expense	$	49.6	$	52.7	$	118.9

Schedule of Components Of Net Deferred Tax Asset (Liability)

The components of this net deferred tax liability are as follows:

	December 31, 2024		December 31, 2023
Accrued Benefits	$	53.1	$	65.4
Bad Debt Allowances	7.4		7.9
Warranty Accruals	7.6		8.4
Derivative Instruments	2.6		—
Inventory	33.7		8.6
Tax Loss Carryforward	14.8		16.1
Operating Lease Liability	56.5		67.4
Deferred Interest	92.6		43.7
Other	35.0		32.3
Deferred Tax Assets before Valuation Allowance	303.3		249.8
Valuation Allowance	(8.3)		(11.0)
Total Deferred Tax Assets	295.0		238.8
Property Related	(83.3)		(92.5)
Intangible Items	(936.4)		(1,026.6)
Accrued Liabilities	(11.8)		(29.9)
Derivative Instruments	—		(8.3)
Operating Lease Asset	(49.0)		(60.4)
Deferred Tax Liabilities	(1,080.5)		(1,217.7)
Net Deferred Tax Liability	$	(785.5)	$	(978.9)

Schedule of Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits

Following is a reconciliation of the beginning and ending amount of unrecognized tax benefits:

Unrecognized Tax Benefits, January 1, 2022	$	8.8
Gross Increases from Current Period Tax Positions	0.6
Settlements with Taxing Authorities	(2.0)
Lapse of Statute of Limitations	(1.7)
Unrecognized Tax Benefits, December 31, 2022	$	5.7
Gross Increases from Current Period Tax Positions	0.3
Gross Increases from Acquisitions	3.8
Lapse of Statute of Limitations	(1.3)
Unrecognized Tax Benefits, December 31, 2023	$	8.5
Gross Increases from Current Period Tax Positions	0.8
Acquisition Measurement Period Adjustment	(2.8)
Lapse of Statute of Limitations	(2.3)
Unrecognized Tax Benefits, December 31, 2024	$	4.2