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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Income Before Income Tax
Pretax income for 2022, 2021 and 2020 was taxed in the following jurisdictions:

202220212020
 (In millions)
U.S.$516.5 $350.2 $296.3 
Foreign232.9 229.6 174.0 
Total$749.4 $579.8 $470.3 
Schedule of Components of Income Tax
The provision (benefit) for income taxes for 2022, 2021 and 2020 was as follows:

202220212020
 (In millions)
Current
U.S.$102.8 $64.7 $29.5 
State and local14.5 11.0 4.6 
Foreign63.9 60.9 50.2 
Total current181.2 136.6 84.3 
Deferred
U.S.(12.2)(4.1)10.1 
State and local(1.0)(1.4)1.5 
Foreign(5.3)(0.6)(3.4)
Total deferred(18.5)(6.1)8.2 
Total provision for income taxes$162.7 $130.5 $92.5 
Schedule of Deferred Tax Assets and Liabilities
Deferred tax assets (liabilities) at December 31, 2022 and 2021 were:

20222021
 (In millions)
Allowances and accruals$21.1 $10.3 
Employee and retiree benefit plans17.8 23.6 
Inventories12.0 11.7 
Foreign tax credit and other carryforwards15.0 11.9 
Lease liabilities26.9 (24.8)
Right of use assets(25.9)25.7 
Depreciation and amortization(301.3)(222.0)
Other(12.8)(16.6)
Total gross deferred tax (liabilities)(247.2)(180.2)
Valuation allowance(15.0)(11.9)
Total deferred tax (liabilities), net of valuation allowances$(262.2)$(192.1)
Schedule of Deferred Tax Assets (Liabilities) Recognized In Balance Sheets
The deferred tax assets and liabilities recognized in the Company’s Consolidated Balance Sheets as of December 31, 2022 and 2021 were:

20222021
 (In millions)
Noncurrent deferred tax asset - Other noncurrent assets$2.0 $4.3 
Noncurrent deferred tax liabilities - Deferred income taxes(264.2)(196.4)
Net deferred tax liabilities$(262.2)$(192.1)
Schedule of Effective Income Tax Rate Reconciliation
The Provision for income taxes differs from the amount calculated by applying the statutory federal income tax rate to pretax income. The calculated amount and the differences for 2022, 2021 and 2020 are shown in the following table:

202220212020
 (In millions)
Pretax income$749.4 $579.8 $470.3 
Provision for income taxes:
Computed amount at statutory rate of 21%$157.4 21.0 %$121.8 21.0 %$98.8 21.0 %
State and local income tax (net of federal tax benefit)11.4 1.5 %8.0 1.4 %5.9 1.3 %
Taxes on non-U.S. earnings-net of foreign tax credits12.4 1.7 %9.2 1.6 %8.4 1.8 %
Global Intangible Low-Taxed Income2.0 0.3 %0.4 0.1 %(2.7)(0.6 %)
Foreign-Derived Intangible Income Deduction(11.9)(1.6 %)(7.5)(1.3 %)(4.9)(1.0 %)
Share-based payments(2.6)(0.4 %)(3.5)(0.6 %)(9.8)(2.1 %)
Other(6.0)(0.8 %)2.1 0.3 %(3.2)(0.7 %)
Total provision for income taxes$162.7 21.7 %$130.5 22.5 %$92.5 19.7 %
Schedule of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2022, 2021 and 2020 is as follows:

202220212020
 (In millions)
Beginning balance January 1$0.1 $1.1 $3.7 
Gross increases for tax positions of prior years— 0.1 — 
Gross decreases for tax positions of prior years— (0.3)— 
Settlements— (0.2)(2.6)
Lapse of statute of limitations(0.1)(0.6)— 
Ending balance December 31$— $0.1 $1.1