XML 92 R76.htm IDEA: XBRL DOCUMENT v3.20.4
Income Taxes - Reconciliation of Statutory Tax Rate to Effective Tax Rate (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Amount      
Statutory U.S. federal income tax $ 95.0 $ 55.8 $ 34.6
State income taxes, net of federal benefit 9.9 8.7 1.8
Foreign tax differential 2.8 2.1 2.5
Change in valuation allowances 5.5 (8.6) (17.7)
Uncertain tax positions and interest 0.5 2.4 33.1
Subpart F income 3.3 1.8 (0.8)
Global Intangible Low-Taxed Income (“GILTI”) 0.0 9.2 7.4
GILTI High-Taxed Exception (8.6) 0.0 0.0
Stock compensation (10.9) 0.9 0.8
Transition Tax 0.0 0.0 (6.8)
Permanent and other 5.1 2.4 (5.3)
Effective income tax provision $ 102.6 $ 74.7 $ 49.6
Percentage of Income Before Income Taxes      
Statutory U.S. federal income tax (percentage) 21.00% 21.00% 21.00%
State income taxes, net of federal benefit (percentage) 2.20% 3.30% 1.10%
Foreign tax differential (percentage) 0.60% 0.80% 1.50%
Change in valuation allowance (percentage) 1.20% (3.20%) (10.70%)
Uncertain tax positions (percentage) 0.10% 0.90% 20.10%
Subpart F income (percentage) 0.70% 0.70% (0.50%)
Global Intangible Low-Taxed Income (percentage) 0.00% 3.40% 4.50%
Retro-active High Taxed Exception - GILTI (percentage) (1.90%) 0.00% 0.00%
Stock compensation (percentage) (2.40%) 0.30% 0.50%
Transition Tax (percentage) 0 0 (0.041)
Permanent and other (percentage) 1.20% 0.90% (3.30%)
Effective income tax provision (percentage) 22.70% 28.10% 30.10%