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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | The sources of income before taxes, classified between domestic and foreign entities, are as follows:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Domestic | $ | 629.7 |  |  | $ | 504.0 |  |  | $ | 1,097.9 |
Foreign | 329.8 |  |  | 64.9 |  |  | 139.5 |
Total pre-tax income | $ | 959.5 |  |  | $ | 568.9 |  |  | $ | 1,237.4 |
Provision for Income Tax Expense (Benefit) | The components of income tax expense attributable to continuing operations are as follows:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Current tax expense: |  |  |  |  |
Federal | $ | 125.9 |  |  | $ | 183.1 |  |  | $ | 150.8 |
State | 46.2 |  |  | 38.9 |  |  | 25.4 |
Foreign | 60.4 |  |  | 44.6 |  |  | 34.0 |
| $ | 232.5 |  |  | $ | 266.6 |  |  | $ | 210.2 |
Deferred tax (benefit) expense: |  |  |  |  |
Federal | $ | (6.3) |  |  | $ | (63.1) |  |  | $ | 15.8 |
State | (11.1) |  |  | (31.6) |  |  | 0.6 |
Foreign | (2.7) |  |  | 16.6 |  |  | 7.3 |
| (20.1) |  |  | (78.1) |  |  | 23.7 |
Total income tax expense | $ | 212.4 |  |  | $ | 188.5 |  |  | $ | 233.9 |
Schedule of Effective Income Tax Rate Reconciliation | The effective tax rates on earnings before income taxes are reconciled to statutory U.S. income tax rates as follows:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Statutory U.S. rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State and local income taxes, net of U.S. federal income tax effect | 2.8 |  |  | 4.0 |  |  | 4.2 |
Foreign earnings taxed at lower rates than the statutory U.S. rate | (1.7) |  |  | (2.2) |  |  | (0.7) |
Tax credits | (2.5) |  |  | (3.8) |  |  | (5.4) |
Impairment of assets | — |  |  | 10.8 |  |  | 3.7 |
Limitation of officer compensation | 0.7 |  |  | 1.7 |  |  | 1.2 |
Worthless stock loss | — |  |  | (2.6) |  |  | — |
Deferred tax adjustments | 0.9 |  |  | 4.6 |  |  | (2.6) |
Remeasurement of deferred taxes | 1.3 |  |  | (1.1) |  |  | (0.1) |
Change in valuation allowance | (2.4) |  |  | (1.6) |  |  | 0.2 |
Other | 2.0 |  |  | 2.3 |  |  | (2.6) |
Effective rate | 22.1 | % |  | 33.1 | % |  | 18.9 | %
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows:
| December 31,
| 2024 |  | 2023
Deferred tax assets: |  |  |
Accounts receivable | $ | 33.7 |  |  | $ | 27.9 |
Employee compensation and benefits | 70.8 |  |  | 81.7 |
Operating lease liability | 199.3 |  |  | 191.4 |
Acquisition and restructuring reserves | 8.9 |  |  | 9.2 |
Capitalized research and design costs | 194.7 |  |  | 142.9 |
Tax loss carryforwards | 224.0 |  |  | 246.9 |
Other | 108.6 |  |  | 95.1 |
Total gross deferred tax assets | 840.0 |  |  | 795.1 |
Less: valuation allowance | (127.2) |  |  | (150.2) |
Deferred tax assets, net of valuation allowance | $ | 712.8 |  |  | $ | 644.9 |
Deferred tax liabilities: |  |  |
Right of use asset | $ | (181.6) |  |  | $ | (175.3) |
Intangible assets | (626.7) |  |  | (614.8) |
Property, plant and equipment | (177.7) |  |  | (163.5) |
Other | (71.7) |  |  | (66.2) |
Total gross deferred tax liabilities | $ | (1,057.7) |  |  | $ | (1,019.8) |
Net deferred tax liabilities | $ | (344.9) |  |  | $ | (374.9) |
Valuation Allowance [Line Items] |
Summary of Valuation Allowance [Table Text Block] | The table below provides a rollforward of the valuation allowance:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Beginning balance | $ | 150.2 |  |  | $ | 151.3 |  |  | $ | 149.2 |
Movements charged to expense | (22.8) |  |  | (8.9) |  |  | 10.2 |
Reductions and other adjustments | (0.2) |  |  | 7.8 |  |  | (8.1) |
Ending balance | $ | 127.2 |  |  | $ | 150.2 |  |  | $ | 151.3 |
Schedule of Unrecognized Tax Benefits Roll Forward | The following table shows a reconciliation of the unrecognized income tax benefits, excluding interest and penalties, from uncertain tax positions:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Beginning balance | $ | 29.9 |  |  | $ | 37.5 |  |  | $ | 39.6 |
Increase in reserve for tax positions taken in the current year | 2.2 |  |  | 1.8 |  |  | 1.8 |
Increase in reserve for tax positions taken in a prior period | 3.8 |  |  | 10.4 |  |  | 10.6 |
Decrease in reserve for tax positions taken in a prior period | (3.4) |  |  | (4.0) |  |  | — |
Decrease in reserve as a result of settlements | (0.1) |  |  | (7.2) |  |  | (10.4) |
Decrease in reserve as a result of lapses in the statute of limitations | (0.2) |  |  | (8.6) |  |  | (4.1) |
Ending balance | $ | 32.2 |  |  | $ | 29.9 |  |  | $ | 37.5 |

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