Annual report pursuant to Section 13 and 15(d)

Income Taxes (Details)

v3.20.4
Income Taxes (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Tax Disclosure [Abstract]      
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability     $ (5.1)
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount     7.0
Income Tax Benefit, Due to Pension Contribution     12.1
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]      
United States $ 354.5 $ 10.1 237.3
Foreign 118.2 100.6 73.4
Earnings Before Income Taxes 472.7 110.7 310.7
Current tax expense (benefit) [Abstract]      
U.S. Federal 66.9 94.5 (2.3)
State and Local 9.8 6.3 5.7
Foreign 38.9 29.3 22.9
Total Current 115.6 130.1 26.3
Deferred tax expense (benefit) [Abstract]      
U.S. Federal (17.3) (19.7) 30.5
State and Local 1.1 (29.5) 0.9
Foreign (1.4) (0.6) (0.4)
Total Deferred (17.6) (49.8) 31.0
Income Tax Provision 98.0 80.3 $ 57.3
Deferred Tax Assets:      
Loss Carryforwards 71.2 81.9  
Tax Credit Carryforwards 51.1 71.8  
Product Warranties 28.1 28.4  
Sales Incentives and Discounts 21.9 25.9  
Compensation and Benefits 20.9 10.5  
Deferred Revenue 18.1 16.1  
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities 16.3 17.1  
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost 12.0 12.0  
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits 11.7 10.9  
Postretirement and Postemployment Benefits 11.0 11.5  
Other 54.3 51.4  
Gross Deferred Tax Assets 316.6 337.5  
Valuation Allowance (93.4) (93.3)  
Deferred Tax Assets 223.2 244.2  
Deferred Tax Liabilities, Leasing Arrangements (14.9) (15.7)  
Deferred Tax Liabilities:      
Depreciation and Amortization (48.0) (85.5)  
State and Local Income Taxes (22.7) (24.3)  
Other (6.3) (5.3)  
Deferred Tax Liabilities (91.9) (130.8)  
Total Net Deferred Tax Assets $ 131.3 $ 113.4