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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Tax

Pretax income for 2025, 2024 and 2023 was taxed in the following jurisdictions:

			2025						2024						2023
U.S.			$	375.5					$	377.9					$	534.1
Foreign			257.1						261.4						226.2
Total			$	632.6					$	639.3					$	760.3

Schedule of Provision Benefit for Income Taxes

The provision (benefit) for income taxes for 2025, 2024 and 2023 was as follows:

			2025						2024						2023
Current
U.S.			$	47.4					$	69.0					$	103.8
State and local			10.9						11.6						13.7
Foreign			79.0						73.5						61.9
Total current			137.3						154.1						179.4
Deferred
U.S.			26.1						(2.6)						(11.1)
State and local			1.9						(2.1)						1.7
Foreign			(15.2)						(14.7)						(5.3)
Total deferred			12.8						(19.4)						(14.7)
Total provision for income taxes			$	150.1					$	134.7					$	164.7

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) at December 31, 2025 and 2024 were:

			December 31, 2025						December 31, 2024
Allowances and accruals			$	23.7					$	21.7
Employee and retiree benefit plans			19.8						19.4
Inventories			17.3						13.9
Foreign tax credit and other carryforwards			30.4						20.8
Lease liabilities			27.8						26.4
Right of use assets			(26.7)						(25.1)
Depreciation and amortization			(353.8)						(311.6)
Taxes on undistributed foreign earnings			(17.4)						(14.9)
Other			0.8						1.0
Total gross deferred tax liabilities			(278.1)						(248.4)
Valuation allowance			(23.7)						(17.3)
Total deferred tax liabilities, net of valuation allowances			$	(301.8)					$	(265.7)

Schedule of Deferred Tax Assets (Liabilities) Recognized In Balance Sheets

The deferred tax assets and liabilities recognized in the Company’s Consolidated Balance Sheets as of December 31, 2025 and 2024 were:

			December 31, 2025						December 31, 2024
Noncurrent deferred tax asset - Other noncurrent assets			$	1.2					$	1.5
Noncurrent deferred tax liabilities - Deferred income taxes			(303.0)						(267.2)
Net deferred tax liabilities			$	(301.8)					$	(265.7)

Schedule of Effective Income Tax Rate Reconciliation

The following table shows the principal reasons for the difference between the effective income tax rate and the statutory federal income tax rate for the year ended December 31, 2025 in accordance with ASU 2023-09:

			2025
U.S. Federal statutory tax rate			$	132.8					21.0		%
State and local income taxes, net of federal income tax effect(1)			10.1						1.6		%
Foreign tax effects			11.0						1.7		%
Effect of cross-border tax laws			2.6						0.4		%
Tax credits
Foreign tax credit(2)			(10.4)						(1.6		%)
Other			(3.8)						(0.6		%)
Changes in valuation allowances(2)			4.5						0.7		%
Nontaxable or nondeductible items			3.4						0.5		%
Changes in unrecognized tax benefits			0.4						0.1		%
Other adjustments			(0.5)						(0.1		%)
Total provision for income taxes			$	150.1					23.7		%

(1) The states that contribute to the majority (greater than 50%) of the tax effect in this category include California, Florida and Illinois.

(2) During 2025, the Company recorded an additional deferred tax asset for a foreign tax credit carryforward of $4.4 million with a full valuation allowance.

The following table is a reconciliation of the U.S. federal statutory rate and the effective tax rate for the years ended December 31, 2024 and 2023 in accordance with U.S. GAAP prior to the adoption of ASU 2023-09:

						2024												2023
Pretax income						$	639.3											$	760.3
Provision for income taxes:
Computed amount at statutory rate of 21%						$	134.2					21.0		%				$	159.7					21.0		%
State and local income tax, net of federal tax benefit						7.3						1.1		%				12.6						1.7		%
Taxes on non-U.S. earnings, net of foreign tax credits						6.3						1.0		%				10.8						1.4		%
Foreign-Derived Intangible Income Deduction						(9.7)						(1.5		%)				(11.3)						(1.5		%)
Share-based payments						(0.7)						(0.1		%)				(2.0)						(0.3		%)
Other						(2.7)						(0.4		%)				(5.1)						(0.6		%)
Total provision for income taxes						$	134.7					21.1		%				$	164.7					21.7		%

Schedule of Cash Flow Supplemental Disclosures

Supplemental cash flow information related to leases for the years ended December 31, 2025, 2024 and 2023 was as follows:

			2025						2024						2023
Cash paid for amounts included in the measurement of lease liabilities			$	33.1					$	34.6					$	33.6
Right-of-use assets obtained in exchange for new lease liabilities			17.4						19.1						29.0

Other supplemental information related to leases as of December 31, 2025 and 2024 was as follows:

Lease Term and Discount Rate			December 31, 2025						December 31, 2024
Weighted-average remaining lease term (years):
Building and equipment			5.71						6.40
Vehicles			2.64						2.69
Weighted-average discount rate:
Building and equipment			4.19		%				4.07		%
Vehicles			4.47		%				4.35		%

Disclosed below is a summary of income taxes paid by jurisdiction for the year ended December 31, 2025, in accordance with ASU 2023-09:

			2025
Federal			$	46.8
State			11.1
Foreign
China			8.5
Germany			23.7
India			6.9
Netherlands			12.7
All other foreign			24.9
Income taxes paid, net of amounts refunded			$	134.6

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