XML 114 R96.htm IDEA: XBRL DOCUMENT v3.22.0.1
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Deferred tax assets:    
Inventories $ 10.2 $ 7.7
Lease liabilities 20.5 24.6
Income tax credits 22.8 21.1
Accrued liabilities 38.5 40.5
Pension 43.1 48.4
Basis difference in subsidiary 25.1 0.0
Post retirement and post employment benefits 4.9 6.0
Stock-based compensation 6.7 7.3
Loss carryforwards 17.3 20.5
Miscellaneous other 17.0 17.0
Gross deferred tax assets 206.1 193.1
Valuation allowance (32.6) (29.5)
Total deferred tax assets, net of valuation allowance 173.5 163.6
Deferred tax liabilities:    
Liability on undistributed foreign earnings (7.9) (9.6)
Goodwill and intangibles (205.2) (207.2)
Right-of-use assets (19.5) (23.9)
Property, plant, and equipment (50.4) (44.6)
Total deferred tax liabilities (283.0) (285.3)
Deferred taxes are reflected in the Consolidated Balance Sheet as follows:    
Non-current tax assets (included in Other long-term assets) 5.2 5.1
Non-current tax liabilities (included in Other Non-Current Liabilities) (114.7) (126.8)
TOTAL NET DEFERRED TAX LIABILITY $ (109.5) $ (121.7)