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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | The components of income (loss) before income taxes are as follows:
| 2024 |  | 2023 |  | 2022
| (in millions)
U.S. loss | $ | (54.7) |  |  | $ | (212.5) |  |  | $ | (57.0) |
Non-U.S. income | 117.5 |  |  | 188.0 |  |  | 123.3 |
Total income (loss) before income taxes | $ | 62.8 |  |  | $ | (24.5) |  |  | $ | 66.3 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The following is a summary of the components of our provision for income taxes:
| 2024 |  | 2023 |  | 2022
| (in millions)
Current |  |  |  |  |
Federal | $ | 10.3 |  |  | $ | 8.5 |  |  | $ | 11.7 |
State and local | 0.9 |  |  | 0.9 |  |  | 1.3 |
Non-U.S. | 56.7 |  |  | 38.0 |  |  | 21.8 |
Total current | $ | 67.9 |  |  | $ | 47.4 |  |  | $ | 34.8 |
Deferred |  |  |  |  |
Federal | $ | (31.2) |  |  | $ | (38.5) |  |  | $ | (23.2) |
State and local | — |  |  | (0.5) |  |  | 0.1 |
Non-U.S. | (8.9) |  |  | 0.7 |  |  | (9.7) |
Total deferred | $ | (40.1) |  |  | $ | (38.3) |  |  | $ | (32.8) |
Total income tax expense | $ | 27.8 |  |  | $ | 9.1 |  |  | $ | 2.0 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The following is a reconciliation of income taxes calculated at the U.S. federal statutory income tax rate of 21% in 2024, 2023 and 2022 to our provision for income taxes:
| 2024 |  | 2023 |  | 2022
| (in millions)
Federal statutory | $ | 13.2 |  |  | $ | (5.1) |  |  | $ | 13.9 |
Non-U.S. income taxes | 2.4 |  |  | (14.9) |  |  | (14.7) |
Change in enacted tax rate | — |  |  | 0.2 |  |  | — |
State and local | (0.8) |  |  | (7.5) |  |  | 2.4 |
Tax credits | (29.3) |  |  | (14.2) |  |  | (9.6) |
Valuation allowance | 20.9 |  |  | 45.0 |  |  | 9.5 |
Withholding taxes | 5.6 |  |  | 7.3 |  |  | 4.4 |
U.S. tax on unremitted non-U.S. earnings | 0.9 |  |  | 0.5 |  |  | 1.6 |
Global intangible low-taxed income (GILTI) | 6.0 |  |  | 15.3 |  |  | 6.4 |
Foreign derived intangible income deduction | — |  |  | (0.1) |  |  | (13.9) |
Uncertain tax positions | 0.8 |  |  | 1.3 |  |  | 3.8 |
Return to provision adjustments | (8.0) |  |  | 2.0 |  |  | (5.6) |
Permanent adjustments | 10.1 |  |  | 3.3 |  |  | 7.7 |
Income from branch subsidiaries | 9.1 |  |  | — |  |  | — |
Reorganization and restructuring actions | (2.3) |  |  | (26.1) |  |  | — |
Other | (0.8) |  |  | 2.1 |  |  | (3.9) |
Effective income tax expense | $ | 27.8 |  |  | $ | 9.1 |  |  | $ | 2.0 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | The approximate tax effect of each significant type of temporary difference and carryforward that results in a deferred tax asset or liability is as follows:
| December 31,
| 2024 |  | 2023
| (in millions)
Deferred tax assets |  |  |
Employee benefits | $ | 111.5 |  |  | $ | 112.1 |
Inventory | 36.9 |  |  | 39.3 |
Net operating loss (NOL) carryforwards | 189.8 |  |  | 173.1 |
Tax credit carryforwards | 31.2 |  |  | 36.6 |
Capital allowance carryforwards | 12.3 |  |  | 12.9 |
Capitalized expenditures | 103.6 |  |  | 86.1 |
Interest carryforward | 81.5 |  |  | 87.0 |
Operating lease liabilities | 27.3 |  |  | 27.5 |
Other | 69.6 |  |  | 71.3 |
Valuation allowances | (288.8) |  |  | (267.1) |
Deferred tax assets | $ | 374.9 |  |  | $ | 378.8 |
Deferred tax liabilities |  |  |
Other intangible assets | $ | (115.2) |  |  | $ | (127.4) |
Fixed assets | (29.4) |  |  | (48.1) |
Operating lease right-of-use assets | (26.9) |  |  | (27.1) |
Other | (15.7) |  |  | (23.3) |
Deferred tax liabilities | $ | (187.2) |  |  | $ | (225.9) |
Deferred tax assets, net | $ | 187.7 |  |  | $ | 152.9 |
Deferred tax assets and liabilities recognized in our Consolidated Balance Sheets are as follows:
| December 31,
| 2024 |  | 2023
| (in millions)
U.S. federal and state deferred tax asset, net | $ | 126.7 |  |  | $ | 88.2 |
Other non-U.S. deferred tax asset, net | 61.0 |  |  | 64.7 |
Deferred tax asset, net | $ | 187.7 |  |  | $ | 152.9 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amounts of unrecognized income tax benefits is as follows:
| Unrecognized Income Tax |  | Interest and
| Benefits |  | Penalties
| (in millions)
Balance at January 1, 2022 | $ | 21.2 |  |  | $ | 2.2 |
Increase in prior year tax positions | 3.6 |  |  | 1.1 |
Decrease in prior year tax positions | (0.8) |  |  | — |
Increase in current year tax positions | 0.5 |  |  | — |
Tekfor acquisition | 12.6 |  |  | — |
Foreign currency remeasurement adjustment | 0.1 |  |  | — |
Balance at December 31, 2022 | $ | 37.2 |  |  | $ | 3.3 |
Increase in prior year tax positions | 1.7 |  |  | 0.5 |
Decrease in prior year tax positions | (9.3) |  |  | (0.6) |
Increase in current year tax positions | 11.8 |  |  | — |
Settlement | (6.9) |  |  | (0.3) |
Foreign currency remeasurement adjustment | 0.7 |  |  | — |
Balance at December 31, 2023 | $ | 35.2 |  |  | $ | 2.9 |
Increase in prior year tax positions | 0.2 |  |  | 0.3 |
Decrease in prior year tax positions | (7.7) |  |  | — |
Increase in current year tax positions | 4.6 |  |  | — |
Foreign currency remeasurement adjustment | (1.3) |  |  | — |
Balance at December 31, 2024 | $ | 31.0 |  |  | $ | 3.2 |

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