INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Domestic and Foreign Components of Income Before Taxes

Components of income (loss) from continuing operations before income taxes - U.S. and outside U.S. components of income (loss) from continuing operations before income taxes were as follows:

	Year Ended December 31,
(In millions)	2022		2021		2020
United States	$	(148.8)	$	(288.2)	$	(2,169.3)
Outside United States	217.7		486.3		(1,329.4)
Income (loss) from continuing operations before income taxes	$	68.9	$	198.1	$	(3,498.7)

Schedule of Provision for Income Taxes

Provision (benefit) for income tax - The provision for income taxes consisted of:

	Year Ended December 31,
(In millions)	2022		2021		2020
Current
United States	$	(0.5)	$	0.2	$	(18.3)
Outside United States	118.9		206.0		69.5
Total current income taxes	118.4		206.2		51.2
Deferred
United States	—		—		(2.8)
Outside United States	(13.0)		(95.1)		(29.0)
Total deferred income taxes	(13.0)		(95.1)		(31.8)
Provision for income taxes	$	105.4	$	111.1	$	19.4

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities - Significant components of deferred tax assets and liabilities were as follows: 

	December 31,
(In millions)	2022		2021
Deferred tax assets attributable to
Accrued expenses	$	166.8	$	173.0
Capital loss	21.1		21.1
Non-deductible interest	87.7		95.4
Foreign tax credit carryforwards	136.5		136.5
Other tax credits	159.2		146.0
Net operating loss carryforwards	487.5		455.5
Research and development credit	13.7		3.8
Foreign exchange	21.7		17.2
Provisions for pensions and other long-term employee benefits	23.5		31.9
Contingencies	45.3		38.3
Leases	208.9		183.4
Other	6.4		24.6
Deferred tax assets	1,378.3		1,326.7
Valuation allowance	(999.1)		(935.5)
Deferred tax assets, net of valuation allowance	379.2		391.2
Deferred tax liabilities attributable to
Contract liabilities	23.1		32.2
Tax on undistributed earnings not indefinitely reinvested	13.4		—
Property, plant and equipment, intangibles and other assets	117.2		162.8
Leases	203.5		169.4
Other	5.0		—
Deferred tax liabilities	362.2		364.4
Net deferred tax assets	$	17.0	$	26.8

Schedule of Net Operating Losses

Our deferred tax assets from net operating losses will expire as follows:

(In millions)	Net Operating Loss
2023 – 2026	$	61.1
2027 – 2031	58.7
2032 – 2042	74.4
Non-Expiring	293.3
	$	487.5

Schedule of Unrecognized Tax Benefits and Associated Interest and Penalties

Unrecognized tax benefits - The following table presents a summary of changes in our unrecognized tax benefits: 

(In millions)	Federal,State and Foreign Tax
Balance at December 31, 2020	$	46.2
Reductions for tax positions related to prior years	(15.2)
Additions for tax positions related to current year	39.9
Reductions for tax positions due to settlements	(2.1)
Balance at December 31, 2021	68.8
Reductions for tax positions related to prior years	(22.8)
Additions for tax positions related to current year	16.8
Additions for tax positions due to settlements	0.8
Balance at December 31, 2022	$	63.6

Schedule of Reconciliation of Effective Tax Rate

Effective income tax rate reconciliation - The effective income tax rate was different from the statutory U.K. income tax rate due to the following:

	Year Ended December 31,
	2022		2021		2020
Statutory income tax rate	19.0	%	19.0	%	19.0	%
Net difference resulting from
Foreign earnings subject to different tax rates	114.0	%	24.4	%	1.3	%
Adjustments to prior year taxes	(56.5)	%	(52.4)	%	(1.2)	%
Net change in unrecognized tax benefits	7.4	%	12.3	%	—	%
Changes in valuation allowance	100.1	%	65.4	%	(0.9)	%
Deferred tax asset/liability revaluation for tax rate change	(29.0)	%	(12.2)	%	0.3	%
Impairments	—	%	—	%	(19.5)	%
Other	(1.9)	%	(0.4)	%	0.4	%
Effective income tax rate	153.1	%	56.1	%	(0.6)	%