XML 105 R80.htm IDEA: XBRL DOCUMENT v3.25.0.1
INCOME TAXES (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Valuation Allowance [Line Items]        
Undistributed Earnings of Foreign Subsidiaries $ 828.7 $ 607.6    
SEC Schedule, 12-09, Valuation Allowances and Reserves, Additions, Charge to Cost and Expense $ (22.8) $ (8.9) $ (10.2)  
Federal     $ 8.1  
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Percent 0.00% 10.80% 3.70%  
Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-Based Payment Arrangement, Percent 0.70% 1.70% 1.20%  
Effective Income Tax Rate Reconciliation, Deduction, Other, Percent 0.00% (2.60%) 0.00%  
Unrecognized income tax benefits that would impact effective tax rate   $ 29.9 $ 37.5  
Federal tax loss carryovers $ 103.0      
Operating Loss Carryforwards, Limitations on Use 80      
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent (1.70%) (2.20%) (0.70%)  
Effective Income Tax Rate Reconciliation, Tax Credit, Percent (2.50%) (3.80%) (5.40%)  
Effective Income Tax Rate Reconciliation, Tax Credit, Amount 2.40% 1.60% (0.20%)  
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount 1.30% (1.10%) (0.10%)  
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities $ 10.4      
Foreign Tax Loss Carryovers Expire by 2043 $ 10.9      
Effective Income Tax Reconciliation, Deferred Tax Adjustments (0.90%) (4.60%) 2.60%  
Incremental income tax expense attributable to Pillar Two $ 2.7      
SEC Schedule, 12-09, Valuation Allowances and Reserves, Deduction (0.2) $ (7.8)    
Pre-tax income [Abstract]        
Domestic 629.7 504.0 $ 1,097.9  
Foreign 329.8 64.9 139.5  
Current tax expense:        
Federal 125.9 183.1 150.8  
State 46.2 38.9 25.4  
Foreign 60.4 44.6 34.0  
Total current income taxes 232.5 266.6 210.2  
Deferred Federal Income Tax Expense (Benefit) (6.3) (63.1) 15.8  
Deferred tax (benefit) expense:        
Federal     8.1  
State (11.1) (31.6) 0.6  
Foreign (2.7) 16.6 7.3  
Deferred Income Tax Expense (Benefit) (20.1) (78.1) 23.7  
Total income tax provision 212.4 $ 188.5 $ 233.9  
Deferred Tax Assets, Operating Loss Carryforwards, State and Local 492.6      
Operating Loss Carryforwards, Valuation Allowance 210.4      
Federal and State Attribute Carryforwards $ 29.1      
Federal statutory tax rate reconciliation [Abstract]        
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount 1.30% (1.10%) (0.10%)  
Statutory U.S. rate 21.00% 21.00% 21.00%  
State and local income taxes, net of U.S. federal income tax effect 2.80% 4.00% 4.20%  
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent (1.70%) (2.20%) (0.70%)  
Effective Income Tax Rate Reconciliation, Tax Credit, Amount (2.40%) (1.60%) 0.20%  
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Percent 0.00% 10.80% 3.70%  
Other 2.00% 2.30% (2.60%)  
Effective Income Tax Reconciliation, Remeasurement of deferred taxes 0.90% 4.60% (2.60%)  
Other (2.00%) (2.30%) 2.60%  
Effective rate 22.10% 33.10% 18.90%  
Deferred tax assets:        
Accounts receivable $ 33.7 $ 27.9    
Employee compensation and benefits 70.8 81.7    
Deferred Tax Asset, Right Of Use Asset 199.3 191.4    
Acquisition and restructuring reserves 8.9 9.2    
Deferred Tax Assets, Tax Credit Carryforwards, Research 194.7 142.9    
Tax loss carryforwards 224.0 246.9    
Deferred Tax Assets, Other 108.6 95.1    
Total deferred tax assets 840.0 795.1    
Less: valuation allowance (127.2) (150.2) $ (151.3) $ (149.2)
Deferred tax assets, net of valuation allowance 712.8 644.9    
Deferred tax liabilities:        
Deferred Tax Liabilities, Leasing Arrangements (181.6) (175.3)    
Intangible assets (626.7) (614.8)    
Property, plant and equipment (177.7) (163.5)    
Deferred Tax Liabilities, Other (71.7) (66.2)    
Total gross deferred tax liabilities (344.9) (374.9)    
Deferred Tax Liabilities, Gross (1,057.7) (1,019.8)    
Foreign tax loss carryovers 108.5      
Foreign Tax Loss Carryover with Valuation Allowance 7.8      
Foreign Tax Loss Carryovers Expire in 2034 444.7      
Deferred Tax Assets, Capital Loss Carryforwards 26.9      
Federal tax loss carryovers 103.0      
Gross unrecognized income tax benefits 32.2 29.9 37.5 39.6
Accrued interest and penalties related to unrecognized income tax benefits 0.2 0.1    
Income Tax Examination, Penalties Expense 0.1 0.0 0.8  
Reversal of Accrued Income Tax Penalties And Interest 0.0 1.8 0.0  
Reconciliation of unrecognized tax benefits [Roll Forward]        
Gross unrecognized income tax benefits 32.2 29.9 37.5 $ 39.6
Increase in reserve for tax positions taken in the current year 2.2 1.8 1.8  
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions 3.8 10.4 10.6  
Unrecognized Tax Benefits Increase in Reserve From Acquisition   (4.0) 0.0  
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions (3.4)      
Decrease in reserve as a result of settlements (0.1) (7.2) (10.4)  
Decrease in reserve as a result of lapses in the statute of limitations (0.2) (8.6) (4.1)  
Unrecognized income tax benefits that would impact effective tax rate   29.9 37.5  
Income (Loss) from Continuing Operations Before Income Taxes and Noncontrolling Interest 959.5 $ 568.9 $ 1,237.4  
Post 2017        
Valuation Allowance [Line Items]        
Federal tax loss carryovers 162.5      
Deferred tax liabilities:        
Federal tax loss carryovers 162.5      
Federal Loss Carryover [Domain]        
Valuation Allowance [Line Items]        
Federal 1.9      
Deferred tax (benefit) expense:        
Federal $ 1.9