Annual report pursuant to Section 13 and 15(d)

Income Taxes (Details)

v3.22.4
Income Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]      
United States $ 603.2 $ 537.0 $ 354.5
Foreign 250.4 199.4 118.2
Earnings Before Income Taxes 853.6 736.4 472.7
Current tax expense (benefit) [Abstract]      
U.S. Federal 109.8 84.3 66.9
State and Local 20.3 11.2 9.8
Foreign 61.1 67.3 38.9
Total Current 191.2 162.8 115.6
Deferred tax expense (benefit) [Abstract]      
U.S. Federal (24.6) (4.9) (17.3)
State and Local 1.5 (5.9) 1.1
Foreign 4.2 (11.0) (1.4)
Total Deferred (18.9) (21.8) (17.6)
Income Tax Provision 172.3 141.0 $ 98.0
Deferred Tax Assets:      
Loss Carryforwards 56.8 92.6  
Tax Credit Carryforwards 52.9 57.6  
Product Warranties 33.6 28.1  
Sales Incentives and Discounts 29.2 21.7  
Compensation and Benefits 3.8 26.9  
Deferred Revenue 36.3 23.0  
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities 24.4 15.7  
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost 13.5 13.8  
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits 18.0 0.1  
Other 62.4 68.7  
Gross Deferred Tax Assets 330.9 348.2  
Valuation Allowance (52.8) (97.9)  
Deferred Tax Assets 278.1 250.3  
Deferred Tax Liabilities, Leasing Arrangements (21.8) (14.4)  
Deferred Tax Liabilities:      
Depreciation and Amortization (81.7) (59.3)  
State and Local Income Taxes (22.7) (22.7)  
Other (9.3) (11.0)  
Deferred Tax Liabilities (135.5) (107.4)  
Total Net Deferred Tax Assets $ 142.6 $ 142.9