XML 70 R58.htm IDEA: XBRL DOCUMENT v3.22.0.1
Income Taxes (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Before Income Taxes [Abstract]      
Income before income taxes, Domestic $ 845.9 $ 711.1 $ 913.1
Income before income taxes, International 1,142.9 698.2 1,025.2
Income Before Income Taxes and Income (Loss) From Equity Method Investments 1,988.8 1,409.3 1,938.3
Income Tax Expense [Abstract]      
Income tax expense, current, Federal 144.0 172.2 180.2
Income tax expense, current, State and local 16.5 39.5 33.9
Income tax expense, current, International 303.9 189.1 306.9
Income tax expense, current 464.4 400.8 521.0
Income tax expense, deferred, Federal 40.0 (17.4) 19.1
Income tax expense, deferred, State and local (11.6) (6.1) (22.5)
Income tax expense, deferred, International (4.1) 4.4 (13.2)
Income tax expense, deferred 24.3 (19.1) (16.6)
Income tax expense $ 488.7 $ 381.7 $ 504.4
Reconciliation from the Statutory U.S. Federal Income Tax Rate to Effective Tax Rate [Abstract]      
Statutory U.S. federal income tax rate 21.00% 21.00% 21.00%
U.S. state and local income taxes, net of U.S. federal income tax benefit 0.20% 2.20% 0.50%
Impact of foreign operations 3.60% 3.40% 4.50%
Other (0.20%) 0.50% 0.00%
Effective tax rate 24.60% 27.10% 26.00%
Gain on disposition of subsidiary $ 50.5 $ 0.0 $ 0.0
Income tax benefit, resolution of uncertain tax positions 32.8    
Tax Act, net cash liability, transition tax on accumulated foreign earnings 100.4 112.0  
Income tax expense, GILTI 8.8 3.0  
Unrecognized Tax Benefits, Penalties and Interest [Abstract]      
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense 2.1 3.8 2.2
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued 10.7 23.5  
Deferred tax assets:      
Compensation 223.8 236.5  
Tax loss and credit carryforwards 81.4 67.0  
Basis differences from acquisitions 29.9 20.8  
Basis differences from short-term assets and liabilities 15.5 34.4  
Other (14.2) (5.8)  
Deferred tax assets 336.4 352.9  
Valuation allowance (18.0) (15.9)  
Net deferred tax assets 318.4 337.0  
Deferred tax liabilities:      
Goodwill and intangible assets 640.1 611.1  
Unremitted foreign earnings 76.6 91.9  
Basis differences from investments 6.5    
Basis differences from investments   (1.1)  
Financial instruments 0.8 0.8  
Deferred tax liabilities 724.0 702.7  
Long-term deferred tax liabilities 477.3 443.5  
Reconciliation of Unrecognized Tax Benefits [Roll Forward]      
January 1 182.9 206.8  
Current year tax positions 4.4 3.9  
Prior year tax positions 1.7 2.8  
Reduction of prior year tax positions (12.1) (26.1)  
Settlements (13.6) (2.5)  
Foreign currency translation (0.5) (2.0)  
December 31 162.8 182.9 $ 206.8
Unrecognized tax benefits that would impact effective tax rate 157.3 174.0  
Other Assets      
Long-term deferred tax assets $ 71.7 $ 77.8