XML 104 R80.htm IDEA: XBRL DOCUMENT v3.20.4
Income Taxes - Income taxes relating to continuing operations and deferred taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income from continuing operations before income taxes by geographic region      
U.S. $ 512.4 $ 427.8 $ 390.3
Non-U.S. 195.2 163.7 213.8
Income from continuing operations before income taxes 707.6 591.5 604.1
Current:      
Federal (78.1) 23.6 (15.6)
State and local 7.3 4.3 (2.9)
Non-U.S 39.2 36.8 46.9
Total current (31.6) 64.7 28.4
Deferred:      
Federal 165.4 67.6 85.9
State and local 22.5 24.0 20.0
Non-U.S 6.4 0.4  
Total deferred 194.3 92.0 105.9
Income taxes 162.7 156.7 134.3
Reconciliation of income taxes from continuing operations at federal statutory rate      
Income taxes at federal statutory rate 148.6 124.2 126.9
State and local income taxes, net of federal taxes 21.9 23.6 13.8
Non-U.S. income taxed at other rates 4.6 2.8 1.9
CARES Act benefit (21.6)    
Foreign tax credit revaluation 12.3    
SAB 118 Benefit     (11.6)
Other (3.1) 6.1 3.3
Income taxes 162.7 156.7 $ 134.3
Deferred Tax Assets      
Accrued liabilities 64.6 49.7  
Net operating loss and credit carryforwards 102.6 72.8  
Leasing liabilities 596.9 577.8  
Other 31.5 27.6  
Total deferred tax assets 795.6 727.9  
Valuation allowance (64.2) (45.7)  
Net deferred tax assets 731.4 682.2  
Deferred Tax Liabilities      
Depreciation and amortization (242.9) (206.9)  
Partnership investments (757.4) (569.0)  
Leasing assets (596.9) (577.8)  
Other (7.3) (6.4)  
Total deferred tax liabilities (1,604.5) (1,360.1)  
Net deferred tax liabilities (873.1) $ (677.9)  
Amount of total temporary difference related to the excess of financial reporting basis over tax basis in the non-U.S. subsidiaries on which U.S. federal income taxes are not provided $ 308.0