Annual report pursuant to Section 13 and 15(d)

Income Taxes (Details)

v3.24.0.1
Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]      
United States $ 364.4 $ 603.2 $ 537.0
Foreign 264.5 250.4 199.4
Earnings Before Income Taxes 628.9 853.6 736.4
Current tax expense (benefit) [Abstract]      
U.S. Federal 88.7 109.8 84.3
State and Local 17.3 20.3 11.2
Foreign 73.9 61.1 67.3
Total Current 179.9 191.2 162.8
Deferred tax expense (benefit) [Abstract]      
U.S. Federal 17.2 (24.6) (4.9)
State and Local 10.2 1.5 (5.9)
Foreign (11.0) 4.2 (11.0)
Total Deferred 16.4 (18.9) (21.8)
Income Tax Provision 196.3 172.3 $ 141.0
Deferred Tax Assets:      
Loss Carryforwards 59.9 56.8  
Tax Credit Carryforwards 56.1 52.9  
Product Warranties 35.4 33.6  
Sales Incentives and Discounts 33.3 29.2  
Deferred Revenue 38.0 36.3  
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities 29.8 24.4  
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost 13.1 13.5  
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits 17.6 18.0  
Other 73.2 66.2  
Gross Deferred Tax Assets 356.4 330.9  
Valuation Allowance (71.3) (52.8)  
Deferred Tax Assets 285.1 278.1  
Deferred Tax Liabilities, Leasing Arrangements (27.6) (21.8)  
Deferred Tax Liabilities:      
Depreciation and Amortization (54.5) (81.7)  
State and Local Income Taxes (22.7) (22.7)  
Other (5.9) (9.3)  
Deferred Tax Liabilities (110.7) (135.5)  
Total Net Deferred Tax Assets $ 174.4 $ 142.6