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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Taxes [Abstract]

Income From Continuing Operations Before Income Taxes

Income before income taxes is categorized geographically as follows:

			Year Ended December 31,
			2024						2023						2022
			(In millions)
United States			$	655.4					$	607.1					$	558.5
Foreign			366.5						369.4						321.7
Total income before income taxes			$	1,021.9					$	976.5					$	880.2

Components Of Provision For Income Taxes

The provision for income taxes consisted of the following:

			Year Ended December 31,
			2024						2023						2022
			(In millions)
Current expense:
Federal			$	147.9					$	159.1					$	145.1
State			31.3						28.0						41.7
Foreign, including withholding tax			43.3						24.4						26.3
			222.5						211.5						213.1
Deferred expense (benefit):
Federal			(3.3)						(25.6)						(18.0)
State			(3.3)						11.2						(4.8)
Foreign			20.3						(38.2)						16.1
			13.7						(52.6)						(6.7)
Total income tax expense			$	236.2					$	158.9					$	206.4

Reconciliation Of Income Tax At Effective Income Tax Rate

The difference between income tax expense and the amount resulting from applying the federal statutory rate of 21% to Income before income taxes is attributable to the following:

			Year Ended December 31,
			2024						2023						2022
			(In millions)
Income tax expense at federal statutory rate			$	214.6					$	205.1					$	184.8
State taxes, net of federal benefit			20.4						28.5						29.2
Change in valuation allowance			(6.5)						66.1						0.1
Remeasurement of unrecognized tax benefits			2.4						(8.3)						(1.5)
Effect of non-U.S. operations			2.3						(15.5)						(9.5)
Non-U.S. intellectual property			—						(118.0)						—
Other			3.0						1.0						3.3
Total income tax expense			$	236.2					$	158.9					$	206.4

Summary Of Deferred Tax Assets And Liabilities

The tax effects of temporary differences that give rise to significant portions of the Company’s deferred tax assets and liabilities are as follows:

			As of December 31,
			2024						2023
			(In millions)
Deferred tax assets:
Intellectual property			$	227.4					$	266.2
Deferred revenue, accruals and reserves			72.4						72.9
Research and development costs			32.5						23.6
Tax credit carryforwards			6.1						4.6
Net operating loss carryforwards			1.7						2.2
Other			3.9						6.0
Total deferred tax assets			344.0						375.5
Valuation allowance			(61.8)						(73.6)
Net deferred tax assets			282.2						301.9
Deferred tax liabilities			(0.9)						(0.9)
Total net deferred tax assets			$	281.3					$	301.0

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:

			As of December 31,
			2024						2023
			(In millions)
Beginning balance			$	9.6					$	15.1
Increases in tax positions for prior years			0.3						0.1
Decreases in tax positions for prior years			(2.8)						—
Increases in tax positions for current year			0.4						5.0
Lapse in statute of limitations			(1.0)						(10.6)
Ending balance			$	6.5					$	9.6

X

- 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

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-Section 50
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Income Taxes [Abstract]

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