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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule Of Income Before Provision For Income Taxes | Income before provision for income taxes for the years ended December 31, 2021, 2020, and 2019, consisted of the following (in millions):
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
U.S. | $ | 1,298.7 |  |  | $ | 926.8 |  |  | $ | 1,053.7 |
Foreign | 591.6 |  |  | 280.2 |  |  | 448.5 |
Total income before provision for income taxes | $ | 1,890.3 |  |  | $ | 1,207.0 |  |  | $ | 1,502.2 |
Schedule Of Provision For Income Taxes | The provision for income taxes for the years ended December 31, 2021, 2020, and 2019, consisted of the following (in millions):
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Current |  |  |  |  |
Federal | $ | 158.8 |  |  | $ | 34.2 |  |  | $ | 82.0 |
State | 17.3 |  |  | 21.5 |  |  | 26.5 |
Foreign | 50.1 |  |  | 26.9 |  |  | 18.0 |
| 226.2 |  |  | 82.6 |  |  | 126.5 |
Deferred |  |  |  |  |
Federal | (21.4) |  |  | 23.8 |  |  | 8.5 |
State | 0.5 |  |  | 1.6 |  |  | 3.2 |
Foreign | (43.1) |  |  | 32.2 |  |  | (17.8) |
| (64.0) |  |  | 57.6 |  |  | (6.1) |
Total income tax expense | $ | 162.2 |  |  | $ | 140.2 |  |  | $ | 120.4 |
Schedule Of Income Tax Difference From The Statutory Rate | Income tax expense differs from amounts computed by applying the statutory federal income rate of 21% for the years ended December 31, 2021, 2020, and 2019, as a result of the following (in millions):
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Federal tax at statutory rate | $ | 397.0 |  |  | $ | 253.5 |  |  | $ | 315.5 |
Increase (reduction) in tax resulting from: |  |  |  |  |
State taxes, net of federal benefits | 33.1 |  |  | 23.1 |  |  | 29.7 |
Foreign rate differential | (54.3) |  |  | (19.3) |  |  | (56.2) |
U.S. tax on foreign earnings | 40.1 |  |  | 29.3 |  |  | 55.0 |
Research and development credit | (30.7) |  |  | (37.1) |  |  | (32.7) |
Share-based compensation not benefited | 17.8 |  |  | 14.3 |  |  | 13.5 |
Unrecognized tax benefit related to share-based compensation | 13.6 |  |  | 39.3 |  |  | — |
Reversal of unrecognized tax benefits | (3.0) |  |  | (4.0) |  |  | (8.4) |
Excess tax benefits related to share-based compensation | (185.8) |  |  | (166.2) |  |  | (146.5) |
Deferred tax re-measurement | (66.4) |  |  | — |  |  | (51.3) |
Other | 0.8 |  |  | 7.3 |  |  | 1.8 |
Total income tax expense | $ | 162.2 |  |  | $ | 140.2 |  |  | $ | 120.4 |
Schedule Of Deferred Tax Assets | Deferred income taxes reflect tax carry forwards and the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows (in millions):
| December 31,
| 2021 |  | 2020
Deferred tax assets: |  |  |
Net operating losses | $ | 9.7 |  |  | $ | 27.7 |
Share-based compensation expense | 110.9 |  |  | 101.1 |
Lease liabilities | 15.2 |  |  | 12.0 |
Expenses deducted in later years for tax purposes | 38.4 |  |  | 29.3 |
Intangible assets | 373.9 |  |  | 321.8 |
Research and other credits | 98.5 |  |  | 76.3 |
Other | 5.3 |  |  | — |
Gross deferred tax assets | 651.9 |  |  | 568.2 |
Valuation allowance | (104.6) |  |  | (81.4) |
Deferred tax assets | 547.3 |  |  | 486.8 |
Deferred tax liabilities: |  |  |
Property, plant, and equipment | (79.4) |  |  | (91.1) |
Right-of-use assets | (12.3) |  |  | (8.4) |
Intangible assets | (9.7) |  |  | (10.1) |
Other | (5.1) |  |  | (13.2) |
Deferred tax liabilities | (106.5) |  |  | (122.8) |
Net deferred tax assets | $ | 440.8 |  |  | $ | 364.0 |
Schedule Of Gross Unrecognized Income Tax Benefits | A reconciliation of the beginning and ending amounts of gross unrecognized income tax benefits for the years ended December 31, 2021, 2020, and 2019, are as follows (in millions):
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Beginning balance | $ | 176.3 |  |  | $ | 96.7 |  |  | $ | 78.8 |
Increases related to tax positions taken during the current year | 40.6 |  |  | 40.1 |  |  | 26.5 |
Increases related to tax positions taken during a prior year | 11.2 |  |  | 46.1 |  |  | 1.2 |
Decreases related to tax positions taken during a prior year | (1.3) |  |  | — |  |  | — |
Decreases related to settlements with tax authorities | (0.2) |  |  | (0.5) |  |  | (3.8) |
Decreases related to expiration of statute of limitations | (4.1) |  |  | (6.1) |  |  | (6.0) |
Ending balance | $ | 222.5 |  |  | $ | 176.3 |  |  | $ | 96.7 |

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