XML 131 R110.htm IDEA: XBRL DOCUMENT v3.25.4
Income Taxes - Effective Income Tax Reconciliation (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amount      
US federal statutory income tax rate $ 126.2    
State and local income tax, net of federal (national) effect 6.1    
Foreign income tax rate differential, amount     $ 2.8
Foreign-derived intangible income (15.2)    
Other, cross-border taxes 9.5    
Tax Credits:      
Foreign tax credit (27.9)    
Other (2.9)    
Nontaxable and nondeductible items, net 1.3    
Changes in valuation allowances 5.2    
Changes in unrecognized tax benefits 12.5    
Tax (expense) benefit $ 121.6 $ 107.5 $ 122.3
Percent      
U.S. federal corporate tax rate 21.00% 21.00% 21.00%
State and local income tax, net of federal (national) effect 1.00% 0.30% 0.10%
Foreign income tax rate differential, percent   1.50% 1.20%
Other   0.30% 0.50%
Foreign-Derived Intangible Income Deductions (FDII) (2.50%) (1.20%) (1.60%)
Other, cross-border taxes 1.60%    
Tax Credits:      
Foreign tax credit (4.60%)    
Other (0.50%)    
Nontaxable and nondeductible items, net 0.20%    
Changes in valuation allowances 0.90%    
Changes in unrecognized tax benefits   0.80% 0.30%
U.S. tax on international earnings, net of foreign tax credits   0.10% 0.50%
U.S. research and development credits   (0.60%) (0.70%)
Excess tax benefits on share-based payments   (3.30%) (4.60%)
Royalty acceleration   0.00% 0.50%
Changes in unrecognized tax benefits 2.10%    
Tax on undistributed earnings of subsidiaries   (0.50%) 0.30%
Effective tax rate 20.20% 18.40% 17.50%
United States      
Amount      
Other provision adjustments $ (2.9)    
Percent      
Other (0.60%)    
Germany      
Amount      
Foreign income tax rate differential, amount $ 18.4    
Other provision adjustments $ (3.9)    
Percent      
Foreign income tax rate differential, percent 3.10%    
Other (0.70%)    
Ireland      
Amount      
Foreign income tax rate differential, amount $ (8.8)    
Other provision adjustments $ 3.8    
Percent      
Foreign income tax rate differential, percent (1.50%)    
Other 0.70%    
Other foreign jurisdictions      
Amount      
Foreign income tax rate differential, amount $ 0.2    
Percent      
Foreign income tax rate differential, percent 0.00%