XML 86 R69.htm IDEA: XBRL DOCUMENT v3.22.4
Components of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Deferred tax assets:    
Accounts receivable $ 8.9 $ 8.6
Deferred compensation 46.9 52.0
Pension, postretirement and postemployment benefits 5.0 6.1
Other 16.1 23.3
Sec 174 R&D Capitalization 22.0 0.0
Tax credit carryforwards/other tax attributes 2.8 2.9
International operating loss carryforwards 8.8 8.2
Interest rate swaps 0.0 10.3
Total gross deferred tax assets 110.5 111.4
Valuation allowances (9.4) (13.1)
Total deferred tax assets 101.1 98.3
Deferred tax liabilities:    
Goodwill (272.1) (270.2)
Trade names and other intangibles (504.5) (508.5)
Property, plant and equipment (74.2) (55.5)
Interest rate swaps 4.5 0.0
Total deferred tax liabilities (855.3) (834.2)
Net deferred tax liability (754.2) (735.9)
Long term net deferred tax asset 2.8 9.2
Long term net deferred tax liability $ (757.0) $ (745.1)