XML 100 R86.htm IDEA: XBRL DOCUMENT v3.22.4
Income Taxes - Summary of Components of Net Deferred Income Tax Asset (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Deferred income tax assets (liabilities):    
Tax loss carryforwards $ 397.4 $ 396.9
Tax credit carryforwards 243.9 266.4
Retirement benefit plans 22.6 55.8
Accrued liabilities 208.7 193.9
Self-insurance reserves 5.5 6.7
Current asset basis differences 42.0 41.4
Long-term asset basis differences 3.5 (24.2)
Deferred compensation 25.8 25.4
Capitalized engineering, research and development 169.6 138.3
Undistributed earnings of foreign subsidiaries (71.7) (74.0)
Derivative instruments and hedging activities   2.0
Derivative instruments and hedging activities (10.7)  
Other 1.8  
Other   (12.3)
Net deferred income tax asset before valuation allowance 1,038.4 1,016.3
Valuation allowance (417.9) (406.9)
Net deferred income tax asset $ 620.5 $ 609.4