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Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

		2023				2022				2021
U.S.		$	1,021.9			$	1,277.1			$	784.1
Foreign			5.3				(14.7	)			2.4
Total income before income taxes		$	1,027.2			$	1,262.4			$	786.5

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		2023				2022				2021
Current:
Federal		$	226.8			$	247.8			$	123.8
State and local			52.0				64.7				19.5
Foreign			9.0				1.1				3.0
Total current provision for income taxes			287.8				313.6				146.3
Deferred:
Federal			(23.4	)			(43.3	)			20.6
State and local			(3.4	)			(11.2	)			10.5
Foreign			(2.2	)			(38.8	)			2.0
Total deferred provision for income taxes			(29.0	)			(93.3	)			33.1
Provision for income taxes		$	258.8			$	220.3			$	179.4

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		2023				2022				2021
Federal statutory rate			21.0	%			21.0	%			21.0	%
State and local taxes, net of federal tax benefit			3.7				3.4				2.8
Impact of dispositions			-				(3.0	)			-
UK valuation allowance release			-				(2.4	)			-
Global Intangible Low-taxed Income			1.3				0.4				2.6
Stock-based compensation			(1.8	)			(1.7	)			(3.5	)
Other			1.0				(0.2	)			(0.1	)
Effective tax rate			25.2	%			17.5	%			22.8	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		2023				2022
Deferred tax assets:
Employee wages and other benefits		$	49.9			$	54.9
Lease liabilities			55.4				53.3
Net operating loss carryover			9.4				12.0
Interest expense			31.0				31.1
Book/tax energy basis difference			-				112.2
Other			17.1				22.0
Total			162.8				285.5
Less valuation allowance			(5.6	)			(45.3	)
Deferred tax assets			157.2				240.2
Deferred tax liabilities:
Right of use assets			(48.3	)			(44.1	)
Fixed assets and intangible assets			(194.1	)			(223.9	)
Commissions			(18.2	)			(16.8	)
Pensions			(57.0	)			(56.5	)
Other			(18.9	)			(12.8	)
Deferred tax liabilities			(336.5	)			(354.1	)
Deferred tax liabilities, net		$	(179.3	)		$	(113.9	)

Summary of Operating Loss Carryforwards [Table Text Block]

Years Ending		Amount
2024 - 2031		$	20.5
2032 - 2036			11.5
2037 - 2043			37.0
Total		$	69.0

Summary of Income Tax Contingencies [Table Text Block]

		2023				2022				2021
Unrecognized tax benefit as of January 1		$	3.2			$	3.4			$	9.9
Gross increase in tax positions in prior period			0.8				1.0				1.3
Gross decrease in tax positions in prior period			-				-				(0.1	)
Settlements			-				(0.6	)			—
Lapse of statute of limitations			(2.0	)			(0.6	)			(7.7	)
Unrecognized tax benefit as of December 31		$	2.0			$	3.2			$	3.4

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