XML 75 R64.htm IDEA: XBRL DOCUMENT v3.25.4
Income Taxes - Income Tax Reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax [Line Items]      
Tax provision at the U.S. federal statutory rate $ 19.6 $ 53.9 $ 43.2
Tax provision at the U.S. federal statutory rate, Percentage 21.00% 21.00% 21.00%
Change in valuation allowance $ (0.7) $ 34.1 [1] $ 53.5 [1]
Change in valuation allowance, Percentage (0.70%)    
Nontaxable or nondeductible items $ 5.6    
Nontaxable or nondeductible items, Percentage 6.00%    
Other, net $ (5.2) 7.2 6.7
Other, net, Percentage (6.00%)    
Repatriation of non-United States earnings   (5.8) 4.6
Effect of cross-border tax laws $ 4.4    
Effect of cross-border tax laws, Percentage 4.70%    
State and local income taxes, net of federal benefit $ 1.4 [2] 3.6 2.0
State and local income taxes, net of federal benefit, Percentage [2] 1.50%    
Foreign Tax Credits $ (8.5) (4.6) (5.6)
Foreign Tax Credits, Percentage (9.10%)    
General business tax credits [3] $ (5.9)    
General business tax credits, Percentage [3] (6.30%)    
Foreign-Derived Intangible Income deduction   (3.6) (7.2)
Goodwill impairment [4]   0.0 10.9
Change in unrecognized tax benefits $ 2.6 (0.3) [5] (14.4) [5]
Change in unrecognized tax benefits, Percentage 2.80%    
Total provision $ 106.7 111.7 117.1
Tax provision, Percentage 114.20%    
France      
Income Tax [Line Items]      
Statutory income tax rate differential $ 4.6    
Statutory income tax rate differential, Percentage 4.90%    
Effects of changes in tax legislation [6] $ 10.8    
Effects of changes in tax legislation, Percentage [6] 11.60%    
French business tax [7] $ 9.3    
French business tax, Percentage [7] 10.00%    
Other, net $ 0.9    
Other, net, Percentage 1.00%    
Germany      
Income Tax [Line Items]      
Statutory income tax rate differential $ 2.9    
Statutory income tax rate differential, Percentage 3.10%    
Change in valuation allowance $ 7.4    
Change in valuation allowance, Percentage 7.90%    
Other, net $ 1.1    
Other, net, Percentage 1.20%    
Italy      
Income Tax [Line Items]      
Statutory income tax rate differential $ 2.1    
Statutory income tax rate differential, Percentage 2.20%    
Other, net $ 0.8    
Other, net, Percentage 0.90%    
Withholding Taxes $ 3.6    
Withholding Taxes, Percentage 3.90%    
Italy Regional Production Tax $ 3.2    
Italy Regional Production Tax, Percentage 3.40%    
United Kingdom      
Income Tax [Line Items]      
Other, net $ 0.8    
Other, net, Percentage 0.90%    
Goodwill impairment [8] $ 6.4    
Goodwill Impairment, Percentage [8] 6.90%    
Switzerland      
Income Tax [Line Items]      
Other, net $ (1.5)    
Other, net, Percentage (1.60%)    
Goodwill impairment [8] $ 5.2    
Goodwill Impairment, Percentage [8] 5.60%    
Denmark      
Income Tax [Line Items]      
Other, net $ 1.1    
Other, net, Percentage 1.20%    
Nondeductible interest $ 3.6    
Nondeductible interest, Percentage 3.90%    
Netherlands      
Income Tax [Line Items]      
Change in valuation allowance $ 5.2    
Change in valuation allowance, Percentage 5.60%    
Other, net $ (1.1)    
Other, net, Percentage (1.20%)    
Japan      
Income Tax [Line Items]      
Statutory income tax rate differential $ 4.5    
Statutory income tax rate differential, Percentage 4.80%    
Other, net $ (0.5)    
Other, net, Percentage (0.50%)    
Other foreign jurisdictions, net $ 23.0    
Other foreign jurisdictions, net, Percentage 24.60%    
French Business Tax      
Income Tax [Line Items]      
Statutory income tax rate differential $ 9.3 9.2 [9] 13.0 [9]
Other      
Income Tax [Line Items]      
Statutory income tax rate differential [10]   $ 18.0 $ 10.4
[1] Losses incurred in 2024 and 2023 in Germany resulted in an increase in valuation allowance of $16.1 and $46.3, respectively.
[2] New York and Texas account for the majority of the state and local income tax expense.
[3] The Work Opportunity Tax Credit expired on December 31, 2025.
[4] Non-deductible portion of the goodwill impairment charges recorded in the Netherlands in 2023.
[5] The 2023 amount includes a tax benefit of $10.8 resulting from an effective settlement of an audit.
[6] In February 2025, the French Parliament approved the Finance Bill for 2025 which enacted an exceptional corporate income tax surcharge. In February 2026, the French government passed the Finance Bill for 2026 which includes a one-year extension of the exceptional corporate income tax surcharge.
[7] The French business tax is allowed as a deduction for French income tax purposes. The gross amount of the French business tax was $11.8 for 2025. The $9.3 for 2025 represents the French business tax expense net of the French tax benefit using the United States federal rate of 21%. In addition to the previously mentioned exceptional surcharge, the Finance bill for 2025 included a three-year delay to the scheduled phase-out of the French business tax.
[8] Non-deductible portion of the goodwill impairment charges recorded in Switzerland and the United Kingdom in 2025.
[9] The French business tax is allowed as a deduction for French income tax purposes. The gross amount of the French business tax was $11.7, and $16.4 for 2024 and 2023 respectively. The $9.2 and $13.0 for 2024 and 2023, respectively, represent the French business tax expense net of the French tax benefit using the United States federal rate of 21%.
[10] Included in Other Non-United States tax rate differences is the impact of all Non-United States pre-tax earnings and permanent tax differences at the local statutory tax rate versus the United States federal rate of 21%.