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Supplemental Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Supplemental Information [Abstract] |
Summary of expenses in statements of operations | Below is information about expenses included in Selling, general and administrative expenses in our Consolidated Statements of Operations (in millions):
| For the Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Research and development | $ | 94.0 |  |  | $ | 80.3 |  |  | $ | 76.1 |
Advertising, promotions and marketing | 39.5 |  |  | 32.4 |  |  | 26.9 |
Cooperative advertising expenditures | 28.7 |  |  | 28.1 |  |  | 27.6 |
Losses (gains) and other expenses, net in our Consolidated Statements of Operations were as follows (in millions):
| For the Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Realized losses (gains) on settled future contracts | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | (1.2) |
Foreign currency exchange gains | (4.3) |  |  | (1.3) |  |  | (2.2) |
Gain on disposal of fixed assets | (0.5) |  |  | (1.0) |  |  | (0.2) |
Other operating income | (1.6) |  |  | (1.0) |  |  | (1.5) |
Net change in unrealized (gains) losses on unsettled futures contracts | (0.1) |  |  | 0.4 |  |  | — |
Environmental liabilities and special litigation charges | 15.6 |  |  | 7.5 |  |  | 9.6 |
Charges incurred related to COVID-19 pandemic | — |  |  | 0.8 |  |  | 2.2 |
Other items, net | (0.7) |  |  | (0.6) |  |  | 2.5 |
Losses (gains) and other expenses, net (pre-tax) | $ | 8.5 |  |  | $ | 4.9 |  |  | $ | 9.2 |
Summary of components of interest expense | The components of Interest expense, net in our Consolidated Statements of Operations were as follows (in millions):
| For the Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Interest expense, net of capitalized interest | $ | 56.0 |  |  | $ | 39.8 |  |  | $ | 26.0 |
Less: Interest income | 4.3 |  |  | 1.1 |  |  | 1.0 |
Interest expense, net | $ | 51.7 |  |  | $ | 38.7 |  |  | $ | 25.0 |
Our provision for income taxes consisted of the following (in millions):
| For the Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Current: |  |  |  |  |
Federal | $ | 131.8 |  |  | $ | 104.0 |  |  | $ | 72.0 |
State | 26.6 |  |  | 21.6 |  |  | 17.0 |
Foreign | 14.5 |  |  | 7.8 |  |  | 13.4 |
Total current | 172.9 |  |  | 133.4 |  |  | 102.4 |
Deferred: |  |  |  |  |
Federal | (22.2) |  |  | (13.9) |  |  | (2.6) |
State | (4.9) |  |  | (3.1) |  |  | (1.5) |
Foreign | 1.6 |  |  | 2.3 |  |  | (2.2) |
Total deferred | (25.5) |  |  | (14.7) |  |  | (6.3) |
Total provision for income taxes | $ | 147.4 |  |  | $ | 118.7 |  |  | $ | 96.1 |

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- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of each detailed component of other operating costs and expenses that are applicable to sales and revenues, but not included in the cost of sales in the income statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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