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v3.21.1

Income Taxes (as restated) - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions | Dec. 31, 2020 | Dec. 31, 2019
--- | --- | ---
Deferred tax assets |  |
Net operating losses and capital losses | $ 156.0 | $ 131.7
Accrued liabilities | 44.9 | 30.0
Employee compensation and benefits | 10.1 | 13.7
Pensions | 14.8 | 13.3
Business interest deduction limitation | 80.7 | 98.9
Inventory | 21.8 | 20.4
R&D credit carryforward | 8.8 | 6.6
Lease liability | 13.7 | 19.8
Bad debts | 7.5 | 6.3
Foreign tax credit carryforward | 7.6 | 0.0
Other | 0.4 | 0.3
Total deferred tax assets, before valuation allowances | 366.3 | 341.0
Valuation allowances | (274.7) | (205.7)
Deferred tax assets, net of valuation allowances | 91.6 | 135.3
Deferred tax liabilities |  |
Intangibles & Goodwill | (95.5) | (106.9)
Undistributed foreign earnings | (38.0) | (45.1)
Property, plant & equipment | (30.6) | (31.2)
Debt issuance costs | (3.2) | (46.1)
Lease Right of Use Asset | (12.1) | (18.8)
Other | (7.8) | (2.9)
Total deferred tax liabilities | (187.2) | (251.0)
Net deferred income tax liabilities | $ (95.6) | $ (115.7)

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