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Income Taxes (Tables)

12 Months Ended

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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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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