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Income taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Components of Provision for Income Taxes from Continuing Operations
The following table summarizes the components of the provision for income taxes from continuing operations:
202420232022
Current:
Federal$74,748 $51,717 $32,798 
State16,476 8,266 8,747 
Non-U.S.43,830 30,408 56,442 
Deferred:
Federal(103,387)(24,396)(27,528)
State(10,265)5,439 10,116 
Non-U.S.(16,086)5,006 2,428 
$5,316 $76,440 $83,003 
Summaries of U.S. and Non-U.S. Components of Income from Continuing Operations Before Taxes
The following table summarizes the U.S. and non-U.S. components of income from continuing operations before taxes:
202420232022
U.S.$(171,380)$45,363 $164,151 
Non-U.S.246,858 388,649 281,768 
$75,478 $434,012 $445,919 
Reconciliations Between Statutory Federal Income Tax Rate and Effective Income Tax Rate
Reconciliations between the statutory federal income tax rate and the effective income tax rate are as follows:
202420232022
Federal statutory rate21.0 %21.0 %21.0 %
Tax effect of international items(57.6)(6.1)(4.6)
Pension settlement charge
(38.5)(0.2)— 
Legal entity rationalization - deferred taxes
— 5.7 — 
Excess tax benefits related to share-based compensation2.0 (0.3)(0.3)
State taxes, net of federal benefit10.4 0.6 3.4 
Uncertain tax contingencies(1.2)(0.6)(0.4)
Contingent consideration3.8 (1.3)0.1 
Goodwill impairment charge66.8 — — 
Research and development tax credit(5.9)(1.3)(1.0)
Other, net6.2 0.1 0.5 
7.0 %17.6 %18.6 %
Deferred Tax Assets and Liabilities
The following table summarizes significant components of our deferred tax assets and liabilities at December 31, 2024 and 2023:
20242023
Deferred tax assets:
Tax loss and credit carryforwards$114,244 $114,147 
Lease Liabilities26,897 30,397 
Reserves and accruals77,493 72,040 
Other11,079 33,472 
Less: valuation allowances(88,412)(95,747)
Total deferred tax assets141,301 154,309 
Deferred tax liabilities:
Property, plant and equipment16,598 34,852 
Intangibles — stock acquisitions419,172 462,559 
Unremitted non-U.S. earnings51,638 61,734 
Lease Assets26,897 30,397 
Other6,688 14,099 
Total deferred tax liabilities520,993 603,641 
Net deferred tax liability$(379,692)$(449,332)
Schedule of Unrecognized Tax Benefits Roll Forward
Uncertain Tax Positions: The following table is a reconciliation of the beginning and ending balances for liabilities associated with unrecognized tax benefits for the years ended December 31, 2024, 2023 and 2022:
202420232022
Balance at January 1
$2,020 $4,260 $6,105 
Increase in unrecognized tax benefits related to prior years
— — 215 
Decrease in unrecognized tax benefits related to prior years
— — (761)
Reductions in unrecognized tax benefits due to lapse of applicable statute of limitations
(902)(2,287)(1,117)
(Decrease) increase in unrecognized tax benefits due to foreign currency translation
(97)47 (182)
Balance at December 31
$1,021 $2,020 $4,260 
Examinations by Major Tax Jurisdictions
The taxable years for which the applicable statute of limitations remains open by major tax jurisdictions are as follows:
 Beginning
Ending
U.S.20172024
Canada20202024
China20192024
Czech Republic20212024
France20222024
Germany20112024
India20172024
Ireland20202024
Italy20192024
Malaysia20182024
Singapore20202024
Schedule of Cash Flow, Supplemental Disclosures, Income Tax
Supplemental cash flow information
Year Ended December 31,
202420232022
Income taxes paid, net of refunds$164,902 $114,211 $162,046