Income Taxes (Notes)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

As of December 31, 2022, there were $938.9 of loss carryforwards. These loss carryforwards were all non-U.S. tax loss carryforwards, of which $853.4 have unlimited carryforward periods and $85.5 have expiration periods from 2023 to 2042. As of December 31, 2022, the Company also had $30.1 in deferred tax assets for state net operating loss carryforwards and tax credit carryforwards, which will expire between 2023 and 2043.

As of December 31, 2022 and 2021, we had $1,496.9 and $1,364.4, respectively, of undistributed earnings attributable to foreign subsidiaries. The Company has historically asserted that its unremitted foreign earnings are permanently reinvested, and therefore has not recorded any deferred taxes on such amounts. It is not practicable to determine the deferred tax on these undistributed earnings because such liability, if any, is dependent on circumstances that exist if and when a remittance occurs, including the source location and amount of the distribution and foreign withholding taxes.

In the second quarter of 2020, in response to changes in non-US tax law, a decision was made to change our indefinite reinvestment assertion on a $120.0 of undistributed foreign earnings of specific subsidiaries. We recorded $10.4 of income tax costs associated with this change to our assertion.

In the third quarter of 2020, in response to restructuring actions taken within foreign subsidiaries, a decision was made to change our indefinite reinvestment assertion on a $46.0 of undistributed foreign earnings of specific subsidiaries. We recorded $3.2 of income tax costs associated with this change to our assertion.