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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Earnings Before Income Taxes | Earnings before income taxes for the years ended December 31, 2018, 2017 and 2016 consisted of the following components:
| 2018 |  | 2017 |  | 2016
United States | $ | 924.2 |  |  | $ | 783.6 |  |  | $ | 721.0 |
Other | 274.2 |  |  | 251.1 |  |  | 219.6 |
| $ | 1,198.4 |  |  | $ | 1,034.7 |  |  | $ | 940.6 |
Schedule of Components of Income Tax Expense (Benefit) | Components of income tax expense for the years ended December 31, 2018, 2017 and 2016 were as follows:
| 2018 |  | 2017 |  | 2016
Current: |  |  |  |  |
Federal | $ | 155.4 |  |  | $ | 316.0 |  |  | $ | 239.2 |
State | 56.2 |  |  | 29.8 |  |  | 21.8 |
Foreign | 105.1 |  |  | 89.9 |  |  | 54.9 |
Deferred: |  |  |  |  |  |  |  |
Federal | (24.2 | ) |  | (358.3 | ) |  | (26.8 | )
State | (25.8 | ) |  | (3.7 | ) |  | 0.2 |
Foreign | (12.7 | ) |  | (10.8 | ) |  | (7.3 | )
| $ | 254.0 |  |  | $ | 62.9 |  |  | $ | 282.0 |
Schedule of Effective Income Tax Rate Reconciliation | Reconciliations between the statutory federal income tax rate and the effective income tax rate for the years ended December 31, 2018, 2017 and 2016 were as follows:
| 2018 |  | 2017 |  | 2016
Federal statutory rate | 21.0 | % |  | 35.0 | % |  | 35.0 | %
Foreign rate differential | 0.3 |  |  | (2.6 | ) |  | (3.2 | )
R&D tax credits | (0.9 | ) |  | (0.8 | ) |  | (0.7 | )
State taxes, net of federal benefit | 2.4 |  |  | 1.9 |  |  | 1.9 |
Section 199 deduction | — |  |  | (1.3 | ) |  | (1.5 | )
Stock-based compensation | (3.1 | ) |  | (3.9 | ) |  | (1.6 | )
Tax Cuts and Jobs Act of 2017 - enactment date and measurement period adjustments | (1.2 | ) |  | (20.8 | ) |  | — |
Global intangible low taxed income (GILTI) inclusion | 1.1 |  |  | — |  |  | — |
Foreign-derived intangible income (FDII) deduction | (1.2 | ) |  | — |  |  | — |
Tax on planned remittances of foreign earnings | 1.3 |  |  | — |  |  | — |
Other, net | 1.5 |  |  | (1.4 | ) |  | 0.1 |
| 21.2 | % |  | 6.1 | % |  | 30.0 | %
Schedule of Deferred Tax Assets and Liabilities | Components of the deferred tax assets and liabilities at December 31 were as follows:
| 2018 |  | 2017
Deferred tax assets: |  |  |
Reserves and accrued expenses | $ | 156.5 |  |  | $ | 121.5 |
Inventories | 4.5 |  |  | 5.1 |
Net operating loss carryforwards | 67.9 |  |  | 71.8 |
R&D credits | 6.1 |  |  | 9.6 |
Valuation allowance | (26.4 | ) |  | (25.7 | )
Outside basis difference on investments held for sale | 2.7 |  |  | — |
Total deferred tax assets | $ | 211.3 |  |  | $ | 182.3 |
Deferred tax liabilities: |  |  |  |  |
Reserves and accrued expenses | $ | 14.3 |  |  | $ | 39.6 |
Amortizable intangible assets | 1,043.0 |  |  | 935.9 |
Plant and equipment | 6.6 |  |  | 5.7 |
Accrued tax on unremitted foreign earnings | 16.3 |  |  | — |
Outside basis difference on investments held for sale | 10.0 |  |  | — |
Total deferred tax liabilities | $ | 1,090.2 |  |  | $ | 981.2 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| 2018 |  | 2017 |  | 2016
Beginning balance | $ | 52.2 |  |  | $ | 38.7 |  |  | $ | 26.1 |
Additions for tax positions of prior periods | 2.4 |  |  | 24.8 |  |  | 3.5 |
Additions for tax positions of the current period | 6.9 |  |  | 4.2 |  |  | 9.0 |
Additions due to acquisitions | 4.4 |  |  | — |  |  | 5.1 |
Reductions for tax positions of prior periods | (0.4 | ) |  | (11.2 | ) |  | (1.2 | )
Reductions attributable to settlements with taxing authorities | — |  |  | (1.5 | ) |  | (0.6 | )
Reductions attributable to lapses of applicable statute of limitations | (1.9 | ) |  | (2.8 | ) |  | (3.2 | )
Ending balance | $ | 63.6 |  |  | $ | 52.2 |  |  | $ | 38.7 |

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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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