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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Income before income taxes was taxed under the following jurisdictions:

		Year Ended December 31,
		2019				2018				2017
Domestic		$	854.1			$	762.3			$	608.3
Foreign		95.6				78.2				52.4
Total		$	949.7			$	840.5			$	660.7

Schedule of Components of Income Tax Expense (Benefit)

Components of Income tax expense (benefit) consist of the following:

		Year Ended December 31,
		2019				2018				2017
Current:
Federal		$	224.7			$	192.6			$	258.9
State		56.1				43.3				29.8
Foreign		20.0				17.7				21.3
Total current		300.8				253.6				310.0
Deferred:
Domestic		(83.0		)		(52.7		)		(167.6		)
Foreign		(4.9		)		(3.4		)		(4.8		)
Total deferred		(87.9		)		(56.1		)		(172.4		)
Income tax expense		$	212.9			$	197.5			$	137.6

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between the statutory tax rate expressed as a percentage of income before income taxes and the effective tax rate was as follows:

		Year Ended December 31,
		2019							2018							2017
Statutory federal income tax rate		$	199.4			21.0	%		$	176.5			21.0	%		$	231.1			35.0	%
State taxes, net of federal effect		35.4				3.7			31.1				3.7			18.3				2.8
Excess tax benefit of equity awards		(26.8		)		(2.8	)		(19.7		)		(2.3	)		(36.2		)		(5.5	)
Effect of rates different than statutory		0.8				0.1			0.6				0.1			(6.3		)		(1.0	)
Tax on foreign earnings		2.1				0.2			2.8				0.3			1.0				0.1
Effect of TCJA on deferred taxes and repatriation tax		—				—			(1.9		)		(0.2	)		(75.5		)		(11.4	)
Other		2.0				0.2			8.1				0.9			5.2				0.8
Effective tax rate		$	212.9			22.4	%		$	197.5			23.5	%		$	137.6			20.8	%

Schedule of Deferred Tax Assets and Liabilities

The tax effect of temporary differences that give rise to net deferred income tax liabilities is presented below:

		December 31,
		2019				2018
Deferred tax assets:
Contract liabilities		$	40.7			$	—
Equity compensation plans		21.1				17.7
Net operating loss and credit carryforwards, net		20.1				23.8
Payroll and benefits		9.6				9.3
Rent		7.3				7.5
Accounts receivable		7.0				6.5
Other		14.1				10.0
Total deferred tax assets		119.9				74.8
Deferred tax liabilities:
Acquisition-related intangibles		112.2				148.6
Property and equipment		27.0				20.0
International investments		19.2				19.2
Other		3.3				11.7
Total deferred tax liabilities		161.7				199.5
Deferred tax asset valuation allowance		16.8				17.2
Net deferred tax liabilities		$	58.6			$	141.9

Schedule of Unrecognized Tax Benefits Roll Forward

Changes in the Company's unrecognized tax benefits as of December 31, 2019, 2018 and 2017 were as follows:

		Year Ended December 31,
		2019				2018				2017
Balance as of January 1		$	15.1			$	—			$	—
Additions for tax positions related to current year		2.6				15.1				—
Balance as of December 31		$	17.7			$	15.1			$	—

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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.

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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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