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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule Of Earnings From Continuing Operations Before Income Taxes
Earnings from continuing operations before income taxes for the years ended December 31 were as follows ($ in millions):
 
2019
 
2018
 
2017
United States
$
854.1

 
$
801.3

 
$
760.2

International
2,451.2

 
2,160.6

 
1,783.0

Total
$
3,305.3

 
$
2,961.9

 
$
2,543.2
Schedule Of Provision For Income Taxes
The provision for income taxes from continuing operations for the years ended December 31 were as follows ($ in millions):
 
2019
 
2018
 
2017
Current:
 
 
 
 
 
Federal U.S.
$
453.7

 
$
283.0

 
$
395.7

Non-U.S.
799.9

 
460.4

 
418.1

State and local
34.6

 
64.4

 
(14.3
)
Deferred:
 
 
 
 
 
Federal U.S.
(297.1
)
 
(200.6
)
 
(400.5
)
Non-U.S.
(127.7
)
 
(12.3
)
 
(84.8
)
State and local
9.6

 
(39.3
)
 
56.8

Income tax provision
$
873.0

 
$
555.6

 
$
371.0
Schedule Of Deferred Income Tax Deferred income tax assets and liabilities as of December 31 were as follows ($ in millions):
 
2019
 
2018
Deferred tax assets:
 
 
 
Allowance for doubtful accounts
$
19.1

 
$
19.7

Inventories
73.3

 
81.2

Pension and postretirement benefits
231.3

 
222.7

Environmental and regulatory compliance
22.1

 
22.4

Other accruals and prepayments
194.6

 
223.7

Stock-based compensation expense
68.5

 
64.7

Operating lease liabilities
193.7

 
—

Tax credit and loss carryforwards
703.4

 
894.5

Valuation allowances
(261.2
)
 
(389.6
)
Total deferred tax asset
1,244.8

 
1,139.3

Deferred tax liabilities:
 
 
 
Property, plant and equipment
(113.5
)
 
(90.0
)
Insurance, including self-insurance
(272.3
)
 
(564.0
)
Basis difference in LYONs
(13.8
)
 
(21.6
)
Operating lease ROU assets
(185.7
)
 
—

Goodwill and other intangibles
(2,311.7
)
 
(2,774.9
)
Total deferred tax liability
(2,897.0
)
 
(3,450.5
)
Net deferred tax liability
$
(1,652.2
)
 
$
(2,311.2
)
Reconciliation Of The Statutory Federal Income Tax Rate To The Effective Tax Rate
The effective income tax rate from continuing operations for the years ended December 31 varies from the U.S. statutory federal income tax rate as follows:
 
Percentage of Pretax Earnings
 
2019
 
2018
 
2017
Statutory federal income tax rate
21.0
 %
 
21.0
 %
 
35.0
 %
Increase (decrease) in tax rate resulting from:
 
 
 
 
 
State income taxes (net of federal income tax benefit)
0.8
 %
 
0.9
 %
 
0.8
 %
Foreign rate differential
(1.4
)%
 
(0.9
)%
 
(12.7
)%
Resolution and expiration of statutes of limitation of uncertain tax positions
(2.1
)%
 
(1.7
)%
 
(7.2
)%
Permanent foreign exchange losses
—
 %
 
—
 %
 
(0.8
)%
Research credits, uncertain tax positions and other
8.1
 %
 
(0.7
)%
 
(0.5
)%
TCJA - revaluation of U.S. deferred income taxes
—
 %
 
(1.6
)%
 
(47.9
)%
TCJA - Transition Tax
—
 %
 
1.8
 %
 
47.9
 %
Effective income tax rate
26.4
 %
 
18.8
 %
 
14.6
 %
Reconciliation Of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding amounts accrued for potential interest and penalties related to both continuing and discontinued operations, is as follows ($ in millions):
 
2019
 
2018
 
2017
Unrecognized tax benefits, beginning of year
$
986.0

 
$
736.8

 
$
992.2

Additions based on tax positions related to the current year
71.0

 
43.1

 
53.0

Additions for tax positions of prior years
197.3

 
324.3

 
39.8

Reductions for tax positions of prior years
(15.8
)
 
(21.9
)
 
(14.5
)
Acquisitions, divestitures and other
6.8

 
9.4

 
13.4

Lapse of statute of limitations
(51.5
)
 
(52.9
)
 
(246.7
)
Settlements
(12.2
)
 
(41.8
)
 
(124.8
)
Effect of foreign currency translation
(0.7
)
 
(11.0
)
 
24.4

Unrecognized tax benefits, end of year
$
1,180.9

 
$
986.0

 
$
736.8