	2020		2019		2018
Domestic	$	921.6	$	726.7	$	671.8
Foreign		52.2		47.0		47.7
Total	$	973.8	$	773.7	$	719.5

The following table summarizes the provision for U.S. federal, state and foreign income taxes:

	2020			2019			2018
Current:
U.S. federal	$	114.2		$	117.2		$	103.4
State		32.1			24.9			23.4
Foreign		15.9			10.1			13.0
		162.2			152.2			139.8
Deferred:
U.S. federal		22.9			3.6			5.4
State		4.2			(0.5	)		4.6
Foreign		(1.4	)		2.5			1.1
		25.7			5.6			11.1
Total provision	$	187.9		$	157.8		$	150.9

	2020			2019
Deferred tax assets:
Accounts receivable	$	6.8		$	3.8
Deferred compensation		48.6			47.7
Pension, postretirement and postemployment benefits		6.3			5.6
Other		19.9			18.5
Tax credit carryforwards/other tax attributes		17.9			9.0
International operating loss carryforwards		8.7			11.4
Interest rate swaps		14.2			7.4
Total gross deferred tax assets		122.4			103.4
Valuation allowances		(22.6	)		(23.2	)
Total deferred tax assets		99.8			80.2
Deferred tax liabilities:
Goodwill		(226.9	)		(184.5	)
Trade names and other intangibles		(520.4	)		(414.1	)
Property, plant and equipment		(56.1	)		(59.7	)
Total deferred tax liabilities		(803.4	)		(658.3	)
Net deferred tax liability	$	(703.6	)	$	(578.1	)
Long term net deferred tax asset		3.7			1.5
Long term net deferred tax liability		(707.3	)		(579.6	)
Net deferred tax liability	$	(703.6	)	$	(578.1	)

The difference between tax expense and the tax that would result from the application of the federal statutory rate is as follows:

	2020			2019			2018
Statutory rate		21	%		21	%		21	%
Tax that would result from use of the federal statutory rate	$	204.5		$	162.4		$	151.1
State and local income tax, net of federal effect		28.7			19.3			22.1
Varying tax rates of foreign affiliates		2.8			1.8			3.3
Valuation Allowances		2.9			0.9			1.0
Stock Options Exercised		(29.4	)		(16.1	)		(22.1	)
Worthless Stock Deduction - Investment in Brazil		0.0			(12.0	)		0.0
Reserve for Uncertain Tax Position - Investment in Brazil		(10.6	)		12.0			0.0
Other		(11.0	)		(10.5	)		(4.5	)
Recorded tax expense	$	187.9		$	157.8		$	150.9
Effective tax rate		19.3	%		20.4	%		21.0	%

At December 31, 2020, certain foreign subsidiaries of the Company had net operating loss carryforwards of approximately $27.2. Approximately $0.3 of such net operating loss carryforwards expire on various dates through December 31, 2024. The remaining net operating loss carryforwards are not subject to expiration.

The Company believes that it is more likely than not that the benefit from these net operating loss carryforwards will not be realized. In recognition of this risk, the Company has provided a valuation allowance of $8.7 and $11.4 at December 31, 2020 and 2019, respectively, on the deferred tax asset relating to these net operating loss carryforwards.

The Company also believes that it is more likely than not that the benefit from certain additional deferred tax assets of a foreign subsidiary will not be realized. In recognition of this risk, the Company maintains a valuation allowance of $1.3 and $1.3 at December 31, 2020 and 2019, respectively, on these deferred tax assets.

The Company has determined that it is more likely than not that the benefit from certain foreign tax credit carryforwards will not be realized. In recognition of this risk, the Company maintained a valuation allowance of $12.6 and $10.5 at December 31, 2020 and December 31, 2019, respectively, on the deferred tax asset relating to these foreign tax credit carryforwards.

The Company does not have any undistributed earnings of foreign subsidiaries that are considered to be permanently reinvested outside of the U.S.

The Company has recorded liabilities in connection with uncertain tax positions, which, although supportable by the Company, may be challenged by tax authorities. Under applicable accounting guidance, these tax positions do not meet the minimum threshold required for the related tax benefit to be recognized in the income statement.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	2020			2019			2018
Unrecognized tax benefits at January 1	$	18.9		$	4.7		$	0.0
Gross increases - tax positions in current period		0.0			13.2			0.0
Gross increases - tax positions in prior period		1.6			1.4			5.1
Gross decreases - tax positions in prior period		(11.8	)		0.0			0.0
Decreases due to settlements and payments		(1.4	)		0.0			0.0
Lapse of statute of limitations		0.0			(0.4	)		(0.4	)
Unrecognized tax benefits at December 31	$	7.3		$	18.9		$	4.7

During 2019 the Company ceased conducting business in Brazil and recorded a $12.0 reserve for an uncertain tax position relating to a worthless stock deduction for its investment in Brazil. The Company requested a ruling from the IRS in connection with the worthless stock deduction. During 2020 the Company reached a settlement with the IRS for $1.4 relating to the worthless stock deduction and released the related $12.0 reserve, which resulted in a $10.6 income tax benefit.

Included in the balance of unrecognized tax benefits at December 31, 2020, December 31, 2019 and December 31, 2018 are $6.2, $18.0 and $3.9, respectively, of tax benefits that, if recognized, would affect the effective tax rate. Also included in the balance of unrecognized tax benefits at December 31, 2020, December 31, 2019 and December 31, 2018 are $1.1, $0.9 and $0.8, respectively, of tax benefits that, if recognized, would result in adjustments to deferred taxes.

The Company is subject to U.S. federal income tax as well as income tax in multiple state and international jurisdictions. The Company’s U.S. federal income tax returns are closed for tax years through 2016. The Company is currently under audit by several state and international taxing authorities for the years 2015 through 2018. It is reasonably possible that a decrease of approximately $0.7 in the unrecognized tax benefits may occur within the next twelve months related to the settlement of these audits or the lapse of applicable statutes of limitations.

The Company’s policy for recording interest associated with income tax examinations is to record interest as a component of Income before Income Taxes. During the twelve months ended December 31, 2020, December 31, 2019, and December 31, 2018, the Company recognized interest expense associated with uncertain tax positions of approximately $0.4, $0.4 and $0.2, respectively. As of December 31, 2020, December 31, 2019, and December 31, 2018 the Company had accrued interest expense related to unrecognized tax benefits of $1.0, $0.6 and $0.3, respectively.