Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The following table presents components of loss from operations before taxes for the years ended December 31:

	2021		2020		2019
Domestic	$	(168.3)	$	(293.8)	$	(249.6)
Foreign	117.6		24.3		20.7
Total	$	(50.7)	$	(269.5)	$	(228.9)

Schedule of Components of Income Tax Expense (Benefit)

The following table presents the components of income tax expense (benefit) for the years ended December 31:

	2021		2020		2019
Current
U.S. federal	$	3.5	$	3.5	$	0.7
Foreign	38.2		14.6		36.1
State and local	(1.2)		0.4		1.5
Total current	40.5		18.5		38.3
Deferred
U.S. federal	(1.7)		7.1		78.1
Foreign	(11.4)		(22.6)		(11.7)
State and local	0.3		(4.0)		12.0
Total deferred	(12.8)		(19.5)		78.4
Income tax expense (benefit)	$	27.7	$	(1.0)	$	116.7

Schedule of Effective Income Tax Rate Reconciliation

Income tax expense (benefit) attributable to loss from operations before taxes differed from the amounts computed by applying the U.S. federal income tax rate of 21 percent to pre-tax loss from operations. The following table presents these differences for the years ended December 31:

	2021		2020		2019
Statutory tax benefit	$	(10.6)	$	(56.6)	$	(48.1)
State and local taxes (net of federal tax benefit)	(0.6)		(3.6)		(3.8)
Brazil non-taxable incentive	(4.3)		(5.2)		(5.8)
Valuation allowances	33.8		32.5		46.2
Barbados loan restructuring	—		—		83.1
Netherlands liquidation deferred tax	—		—		5.9
Foreign tax rate differential	2.2		(6.1)		(1.4)
Tax on unremitted foreign earnings	0.7		1.8		8.9
Change to uncertain tax positions	(9.2)		(23.9)		4.0
U.S. taxed foreign income	6.9		8.7		10.5
Non-deductible (non-taxable) items	0.7		12.2		18.0
Termination of company owned life insurance	—		35.1		—
Return to provision	(0.8)		(9.6)		(2.6)
Withholding tax and other taxes	8.7		4.6		6.8
Other	0.2		9.1		(5.0)
Income tax expense (benefit)	$	27.7	$	(1.0)	$	116.7

Summary of Income Tax Contingencies

Details of the unrecognized tax benefits are as follows:

	2021		2020		2019
Balance at January 1	$	36.8	$	50.9	$	49.5
Increases (decreases) related to prior year tax positions, net	42.1		0.9		5.1
Increases related to current year tax positions	—		—		4.4
Settlements	(23.3)		(7.7)		(5.5)
Reductions due to lapse of applicable statute of limitations	(0.5)		(7.3)		(2.6)
Balance at December 31	$	55.1	$	36.8	$	50.9

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company's deferred tax assets and liabilities at December 31 are as follows:

	2021		2020
Deferred tax assets
Accrued expenses	$	50.8	$	40.7
Warranty accrual	12.4		6.5
Deferred compensation	3.9		6.8
Allowances for doubtful accounts	8.0		4.8
Inventories	19.6		17.6
Deferred revenue	19.8		14.0
Pensions, post-retirement and other benefits	48.8		71.2
Tax credits	67.2		66.0
Net operating loss carryforwards	150.7		175.6
Capital loss carryforwards	1.1		0.4
State deferred taxes	8.6		10.9
Lease liability	34.5		28.4
Other	18.8		5.0
	444.2		447.9
Valuation allowances	(261.8)		(229.5)
Net deferred tax assets	$	182.4	$	218.4
Deferred tax liabilities
Property, plant and equipment, net	$	12.9	$	15.9
Goodwill and intangible assets	112.6		145.9
Undistributed earnings	32.2		32.7
Right-of-use assets	34.5		29.8
Net deferred tax liabilities	192.2		224.3
Net deferred tax (liability) asset	$	(9.8)	$	(5.9)

Schedule of Deferred Income Taxes by Balance Sheet Account

Deferred income taxes reported in the consolidated balance sheets as of December 31 are as follows:

	2021		2020
Deferred income taxes - assets	$	95.7	$	97.5
Deferred income taxes - liabilities	(105.5)		(103.4)
Net deferred tax (liabilities) assets	$	(9.8)	$	(5.9)