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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Earnings Before Income Taxes | Earnings before income taxes for the years ended December 31, 2020, 2019 and 2018 consisted of the following components:
| 2020 |  | 2019 |  | 2018
United States | $ | 902.4 |  |  | $ | 1,902.2 |  |  | $ | 924.2 |
Other | 306.9 |  |  | 325.2 |  |  | 274.2 |
| $ | 1,209.3 |  |  | $ | 2,227.4 |  |  | $ | 1,198.4 |
Schedule of Components of Income Tax Expense (Benefit) | Components of income tax expense for the years ended December 31, 2020, 2019 and 2018 were as follows:
| 2020 |  | 2019 |  | 2018
Current: |  |  |  |  |
Federal | $ | 180.8 |  |  | $ | 391.6 |  |  | $ | 155.4 |
State | 59.0 |  |  | 78.3 |  |  | 56.2 |
Foreign | 77.4 |  |  | 79.8 |  |  | 105.1 |
Deferred: |  |  |  |  |
Federal | (54.3) |  |  | (43.1) |  |  | (24.2) |
State | (7.6) |  |  | 2.6 |  |  | (25.8) |
Foreign | 4.3 |  |  | (49.7) |  |  | (12.7) |
| $ | 259.6 |  |  | $ | 459.5 |  |  | $ | 254.0 |
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, 2020, 2019 and 2018 were as follows:
| 2020 |  | 2019 |  | 2018
Federal statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Foreign operations, net | 1.0 |  |  | 0.2 |  |  | 1.6 |
R&D tax credits | (1.4) |  |  | (0.6) |  |  | (0.9) |
State taxes, net of federal benefit | 3.1 |  |  | 1.6 |  |  | 2.4 |
Stock-based compensation | (3.0) |  |  | (1.3) |  |  | (3.1) |
Tax Cuts and Jobs Act of 2017 - measurement period adjustments | — |  |  | — |  |  | (1.2) |
Divestitures | — |  |  | 1.8 |  |  | — |
Foreign entity restructuring | — |  |  | (1.8) |  |  | — |
Other, net | 0.8 |  |  | (0.3) |  |  | 1.4 |
| 21.5 | % |  | 20.6 | % |  | 21.2 | %
Schedule of Deferred Tax Assets and Liabilities | Components of the deferred tax assets and liabilities at December 31 were as follows:
| 2020 |  | 2019
Deferred tax assets: |  |  |
Reserves and accrued expenses | $ | 187.6 |  |  | $ | 169.6 |
Net operating loss carryforwards | 154.6 |  |  | 111.2 |
R&D credits | 26.3 |  |  | 4.1 |
Interest expense limitation carryforwards | 63.0 |  |  | 9.9 |
Valuation allowance | (38.0) |  |  | (36.3) |
Lease liability | 65.0 |  |  | 64.0 |
Total deferred tax assets | $ | 458.5 |  |  | $ | 322.5 |
Deferred tax liabilities: |  |  |
Reserves and accrued expenses | $ | 23.8 |  |  | $ | 15.5 |
Amortizable intangible assets | 1,803.3 |  |  | 1,229.9 |
Plant and equipment | 8.8 |  |  | 10.8 |
Accrued tax on unremitted foreign earnings | 18.6 |  |  | 17.1 |
ROU asset | 62.5 |  |  | 61.7 |
Total deferred tax liabilities | $ | 1,917.0 |  |  | $ | 1,335.0 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| 2020 |  | 2019 |  | 2018
Beginning balance | $ | 69.8 |  |  | $ | 63.6 |  |  | $ | 52.2 |
Additions for tax positions of prior periods | 6.0 |  |  | 2.9 |  |  | 2.4 |
Additions for tax positions of the current period | 3.5 |  |  | 4.2 |  |  | 6.9 |
Additions due to acquisitions | 6.2 |  |  | 1.9 |  |  | 4.4 |
Reductions for tax positions of prior periods | (3.6) |  |  | (0.3) |  |  | (0.4) |
Reductions attributable to lapses of applicable statute of limitations | (6.3) |  |  | (2.5) |  |  | (1.9) |
Ending balance | $ | 75.6 |  |  | $ | 69.8 |  |  | $ | 63.6 |

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