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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Earnings Before Income Taxes | Earnings before income taxes for the years ended December 31, 2021, 2020 and 2019 consisted of the following components:
| 2021 |  | 2020 |  | 2019
United States | $ | 915.3 |  |  | $ | 752.7 |  |  | $ | 1,741.2 |
Other | 355.7 |  |  | 298.7 |  |  | 316.2 |
| $ | 1,271.0 |  |  | $ | 1,051.4 |  |  | $ | 2,057.4 |
Schedule of Components of Income Tax Expense (Benefit) | Components of income tax expense for the years ended December 31, 2021, 2020 and 2019 were as follows:
| 2021 |  | 2020 |  | 2019
Current: |  |  |  |  |
Federal | $ | 130.6 |  |  | $ | 157.5 |  |  | $ | 366.5 |
State | 56.8 |  |  | 50.0 |  |  | 72.0 |
Foreign | 94.5 |  |  | 75.3 |  |  | 77.9 |
Deferred: |  |  |  |  |
Federal | 28.0 |  |  | (56.7) |  |  | (47.1) |
State | (26.6) |  |  | (5.2) |  |  | (2.2) |
Foreign | 5.1 |  |  | 5.0 |  |  | (49.7) |
| $ | 288.4 |  |  | $ | 225.9 |  |  | $ | 417.4 |
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, 2021, 2020 and 2019 were as follows:
| 2021 |  | 2020 |  | 2019
Federal statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Foreign operations, net | 2.6 |  |  | 1.7 |  |  | (0.1) |
R&D tax credits | (1.8) |  |  | (1.4) |  |  | (0.5) |
State taxes, net of federal benefit | 2.7 |  |  | 2.9 |  |  | 1.4 |
Stock-based compensation | (2.3) |  |  | (3.3) |  |  | (1.3) |
Impact of UK tax rate change | 1.7 |  |  | — |  |  | — |
Divestitures | — |  |  | — |  |  | 2.0 |
Legal entity restructuring | (1.2) |  |  | — |  |  | (2.0) |
Other, net | — |  |  | 0.6 |  |  | (0.2) |
| 22.7 | % |  | 21.5 | % |  | 20.3 | %
Schedule of Deferred Tax Assets and Liabilities | Components of the deferred tax assets and liabilities at December 31 were as follows:
| 2021 |  | 2020
Deferred tax assets: |  |  |
Reserves and accrued expenses | $ | 195.8 |  |  | $ | 175.0 |
Net operating loss carryforwards | 101.5 |  |  | 153.6 |
R&D credits | 12.5 |  |  | 26.2 |
Interest expense limitation carryforwards | 10.9 |  |  | 63.0 |
Outside basis differences on assets held for sale | 57.5 |  |  | — |
Lease liability | 52.6 |  |  | 56.3 |
Valuation allowance | (44.4) |  |  | (37.7) |
Total deferred tax assets | $ | 386.4 |  |  | $ | 436.4 |
Deferred tax liabilities: |  |  |
Reserves and accrued expenses | $ | 16.1 |  |  | $ | 21.5 |
Amortizable intangible assets | 1,670.2 |  |  | 1,762.8 |
Plant and equipment | 3.8 |  |  | 7.4 |
Accrued tax on unremitted foreign earnings | 24.7 |  |  | 18.6 |
ROU asset | 50.0 |  |  | 54.4 |
Total deferred tax liabilities | $ | 1,764.8 |  |  | $ | 1,864.7 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| 2021 |  | 2020 |  | 2019
Beginning balance | $ | 75.6 |  |  | $ | 69.8 |  |  | $ | 63.6 |
Additions for tax positions of prior periods | 2.2 |  |  | 6.0 |  |  | 2.9 |
Additions for tax positions of the current period | 3.3 |  |  | 3.5 |  |  | 4.2 |
Additions due to acquisitions | 1.0 |  |  | 6.2 |  |  | 1.9 |
Reductions for tax positions of prior periods | (0.6) |  |  | (3.6) |  |  | (0.3) |
Reductions attributable to lapses of applicable statute of limitations | (4.6) |  |  | (6.3) |  |  | (2.5) |
Reductions attributable to settlements with taxing authorities | (27.5) |  |  | — |  |  | — |
Ending balance | $ | 49.4 |  |  | $ | 75.6 |  |  | $ | 69.8 |

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