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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Taxes [Abstract]  
Schedule Of Income Before Income Tax, Domestic And Foreign For the Years Ended December 31, Components of Income before Taxes 2021 2020 2019Domestic$ 327.6 $ 151.1 $ 185.1Foreign 23.3 15.2 14.8Income before taxes$ 350.9 $ 166.3 $ 199.9
Schedule Of Components Of Income Tax Expense Benefit For the Years Ended December 31, Components of Income Tax Provision 2021 2020 2019Current expense U.S. Federal$ 77.3 $ 38.5 $ 41.9State 18.2 11.4 12.4Foreign 6.5 4.5 4.4Total current expense$ 102.0 $ 54.4 $ 58.7Deferred (benefit) expense U.S. Federal$ (10.9) $ (7.8) $ (3.0)State (3.2) (2.3) (0.8)Foreign — (0.1) 0.1Total deferred benefit$ (14.1) $ (10.2) $ (3.7)Total income tax provision$ 87.9 $ 44.2 $ 55.0
Schedule Of Effective Income Tax Rate Reconciliation For the Years Ended December 31, 2021 2020 2019 Statutory U.S. federal income tax rate 21.0% 21.0% 21.0%State and local income taxes, net of federal benefit 3.3 4.3 4.5 Nondeductible meals and entertainment 0.1 0.5 1.4 Other, net 0.6 0.8 0.6 Effective tax rate25.0% 26.6% 27.5%
Schedule Of Deferred Tax Assets And Liabilities Assets (Liabilities) 2021 2020Pension$ 32.8 $ 47.2Operating lease liabilities 34.4 31.3Postretirement benefits 19.3 20.8Inventory 25.0 12.3Other deferred tax assets 5.8 5.2Payroll accruals 7.2 7.6Bad debt reserves 0.7 0.8Subtotal 125.2 125.2Less: valuation allowances (0.5) (0.6)Deferred tax assets 124.7 124.6Fixed assets (38.8) (34.5)Operating lease right-of-use assets (32.3) (29.1)Other deferred tax liabilities (9.1) (4.9)Computer software (2.4) (2.4)Deferred tax liabilities (82.6) (70.9)Net deferred tax assets$ 42.1 $ 53.7 Deferred income taxes included in non-current assets (liabilities) at December 31 were: 2021 2020Deferred tax assets included in other non-current assets$ 45.2 $ 54.1Deferred tax liabilities included in other non-current liabilities (3.1) (0.4)Total$ 42.1 $ 53.7
Summary Of Operating Loss Carryforwards Operating loss and tax credit carryforwards included in net deferred tax assets at December 31 were: 2021 2020U.S. Federal(A)$ 0.5 $ 0.5State(A) 0.2 0.3 (A)Expire between 2024 and 2030
Schedule Of Unrecognized Tax Benefits Roll Forward 2021 2020 2019Balance at January 1,$ 1.7 $ 1.9 $ 2.6Additions based on tax positions related to current year — 0.2 0.2Reductions for tax positions of prior years (0.7) (0.1) (0.1)Settlements — (0.3) (0.8)Balance at December 31,$ 1.0 $ 1.7 $ 1.9