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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] | Earnings before income taxes for the years ended December 31 were taxed within the following jurisdictions:
In millions | 2024 |  | 2023 |  | 2022
United States | $ | 1,871.9 |  |  | $ | 1,690.7 |  |  | $ | 1,312.3 |
Non-U.S. | 1,369.9 |  |  | 876.6 |  |  | 859.8 |
Total | $ | 3,241.8 |  |  | $ | 2,567.3 |  |  | $ | 2,172.1 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The components of the Provision for income taxes for the years ended December 31 were as follows:
In millions |  | 2024 |  | 2023 |  | 2022
Current tax expense (benefit): |  |  |  |  |  |
United States |  | $ | 500.4 |  |  | $ | 377.6 |  |  | $ | 180.4 |
Non-U.S. |  | 256.3 |  |  | 174.3 |  |  | 127.7 |
Total: |  | 756.7 |  |  | 551.9 |  |  | 308.1 |
Deferred tax expense (benefit): |  |  |  |  |  |
United States |  | (128.2) |  |  | (18.8) |  |  | 66.5 |
Non-U.S. |  | (0.9) |  |  | (34.7) |  |  | 1.3 |
Total: |  | (129.1) |  |  | (53.5) |  |  | 67.8 |
Total tax expense (benefit): |  |  |  |  |  |
United States |  | 372.2 |  |  | 358.8 |  |  | 246.9 |
Non-U.S. |  | 255.4 |  |  | 139.6 |  |  | 129.0 |
Total |  | $ | 627.6 |  |  | $ | 498.4 |  |  | $ | 375.9 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The Provision for income taxes differs from the amount of income taxes determined by applying the applicable U.S. statutory income tax rate to pretax income, as a result of the following differences:
|  | Percent of pretax income
|  | 2024 |  | 2023 |  | 2022
Statutory U.S. rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Increase (decrease) in rates resulting from: |  |  |  |  |  |
Non-U.S. tax rate differential |  | (1.5) |  |  | (1.9) |  |  | (2.8) |
Tax on U.S. subsidiaries on non-U.S. earnings (a) |  | (0.3) |  |  | (0.4) |  |  | 0.3 |
State and local income taxes (b) |  | 2.3 |  |  | 3.2 |  |  | 1.1 |
Valuation allowances (c) |  | (0.9) |  |  | (1.2) |  |  | (0.7) |
Stock based compensation |  | (1.3) |  |  | (1.2) |  |  | (0.8) |
Other adjustments |  | 0.1 |  |  | (0.1) |  |  | (0.8) |
Effective tax rate |  | 19.4 | % |  | 19.4 | % |  | 17.3 | %
(a)Net of foreign tax credits (b)Net of changes in state valuation allowances (c)Primarily federal and non-U.S., excludes state valuation allowances
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | A summary of the deferred tax accounts at December 31 were as follows:
In millions |  | 2024 |  | 2023
Deferred tax assets: |  |  |  |
Inventory and accounts receivable |  | $ | 12.1 |  |  | $ | 11.8 |
Depreciable and amortizable assets |  | 2.0 |  |  | 1.4 |
Operating lease liabilities |  | 145.0 |  |  | 122.4 |
Postemployment and other benefit liabilities |  | 254.6 |  |  | 239.2 |
Product liability |  | 6.1 |  |  | 7.3 |
Other reserves and accruals |  | 223.9 |  |  | 198.6 |
Net operating losses and credit carryforwards |  | 220.9 |  |  | 287.4 |
Other |  | 39.9 |  |  | 41.4 |
Gross deferred tax assets |  | 904.5 |  |  | 909.5 |
Less: deferred tax valuation allowances |  | (110.3) |  |  | (164.0) |
Deferred tax assets net of valuation allowances |  | $ | 794.2 |  |  | $ | 745.5 |
Deferred tax liabilities: |  |  |  |
Inventory and accounts receivable |  | $ | (22.6) |  |  | $ | (15.3) |
Depreciable and amortizable assets |  | (978.5) |  |  | (1,073.2) |
Operating lease right-of-use assets |  | (142.2) |  |  | (120.2) |
Postemployment and other benefit liabilities |  | (13.8) |  |  | (13.0) |
Other reserves and accruals |  | (2.5) |  |  | (2.2) |
Undistributed earnings of foreign subsidiaries |  | (36.0) |  |  | (35.5) |
Other |  | (3.2) |  |  | 0.7 |
Gross deferred tax liabilities |  | (1,198.8) |  |  | (1,258.7) |
Net deferred tax assets (liabilities) |  | $ | (404.6) |  |  | $ | (513.2) |
Summary of Tax Credit Carryforwards [Table Text Block] | At December 31, 2024, the Company had the following operating loss, capital loss and tax credit carryforwards available to offset taxable income in prior and future years:
In millions |  | Amount |  | Expiration Period
U.S. Federal net operating loss carryforwards |  | $ | 67.7 |  |  | 2025-Unlimited
U.S. Federal credit carryforwards |  | 77.1 |  |  | 2026-2043
U.S. State net operating loss carryforwards |  | 2,224.1 |  |  | 2025-Unlimited
U.S. State credit carryforwards |  | 26.0 |  |  | 2025-Unlimited
Non-U.S. net operating loss carryforwards |  | 379.7 |  |  | 2025-Unlimited
Non-U.S. credit carryforwards |  | 8.0 |  |  | 2025
Summary of Valuation Allowance | Activity associated with the Company's valuation allowance is as follows:
In millions |  | 2024 |  | 2023 |  | 2022
Beginning balance |  | $ | 164.0 |  |  | $ | 199.8 |  |  | $ | 258.6 |
Increase to valuation allowance |  | 2.8 |  |  | 24.3 |  |  | 5.9 |
Decrease to valuation allowance |  | (44.4) |  |  | (57.8) |  |  | (65.1) |
Write off against valuation allowance |  | (10.9) |  |  | (2.2) |  |  | — |
Acquisition and purchase accounting |  | — |  |  | 1.3 |  |  | — |
Accumulated other comprehensive income (loss) |  | (1.2) |  |  | (1.4) |  |  | 0.4 |
Ending balance |  | $ | 110.3 |  |  | $ | 164.0 |  |  | $ | 199.8 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
In millions |  | 2024 |  | 2023 |  | 2022
Beginning balance |  | $ | 84.9 |  |  | $ | 82.4 |  |  | $ | 65.2 |
Additions based on tax positions related to the current year |  | 4.6 |  |  | 3.6 |  |  | 3.9 |
Additions based on tax positions related to prior years |  | 8.1 |  |  | 0.6 |  |  | 22.5 |
Reductions based on tax positions related to prior years |  | (2.8) |  |  | (0.5) |  |  | (5.9) |
Reductions related to settlements with tax authorities |  | (2.5) |  |  | (1.4) |  |  | (0.9) |
Reductions related to lapses of statute of limitations |  | (3.5) |  |  | (1.0) |  |  | (0.6) |
Translation (gain) loss |  | (2.3) |  |  | 1.2 |  |  | (1.8) |
Ending balance |  | $ | 86.5 |  |  | $ | 84.9 |  |  | $ | 82.4 |

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