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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of income from continuing operations before income taxes by geographic region | Income from continuing operations before income taxes by geographic region was as follows:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
U.S. | $ | 1,119.9 |  |  | $ | 1,474.5 |  |  | $ | 1,242.6 |
Non-U.S. | 299.6 |  |  | 384.7 |  |  | 365.1 |
Income from continuing operations before income taxes | $ | 1,419.5 |  |  | $ | 1,859.2 |  |  | $ | 1,607.7 |
Schedule of income taxes relating to income from continuing operations | Income taxes relating to income from continuing operations consisted of the following:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Current: |  |  |  |  |
Federal | $ | 131.0 |  |  | $ | 200.6 |  |  | $ | 115.7 |
State and local | 53.4 |  |  | 71.6 |  |  | 48.1 |
Non-U.S. | 74.7 |  |  | 76.6 |  |  | 67.7 |
Total current | $ | 259.1 |  |  | $ | 348.8 |  |  | $ | 231.5 |
Deferred: |  |  |  |  |
Federal | 85.5 |  |  | 98.8 |  |  | 129.9 |
State and local | 10.0 |  |  | 17.1 |  |  | 33.9 |
Non-U.S. | 6.3 |  |  | 8.3 |  |  | 21.0 |
Total deferred | $ | 101.8 |  |  | $ | 124.2 |  |  | $ | 184.8 |
Income taxes | $ | 360.9 |  |  | $ | 473.0 |  |  | $ | 416.3 |
Schedule of reconciliation of income taxes from continuing operations at federal statutory rate | Income taxes relating to income from continuing operations varied from the U.S. federal statutory income tax rate due to the following:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Income taxes at federal statutory rate | $ | 298.1 |  |  | $ | 390.4 |  |  | $ | 337.6 |
State and local income taxes, net of federal taxes | 47.7 |  |  | 67.3 |  |  | 64.6 |
Non-U.S. income taxed at other rates | 18.2 |  |  | 4.1 |  |  | 11.9 |
Other | (3.1) |  |  | 11.2 |  |  | 2.2 |
Income taxes | $ | 360.9 |  |  | $ | 473.0 |  |  | $ | 416.3 |
Schedule of components of deferred tax assets and liabilities | The components of deferred tax assets and liabilities as of December 31, 2023 and 2022 were as follows:
| December 31,
| 2023 |  | 2022
Deferred Tax Assets |  |  |
Accrued liabilities | $ | 77.3 |  |  | $ | 68.9 |
Net operating loss and credit carryforwards | 49.3 |  |  | 50.5 |
Leasing liabilities | 624.8 |  |  | 628.7 |
Other | 36.6 |  |  | 36.6 |
Total deferred tax assets | 788.0 |  |  | 784.7 |
Valuation allowance | (58.2) |  |  | (62.8) |
Net deferred tax assets | $ | 729.8 |  |  | $ | 721.9 |
Deferred Tax Liabilities |  |  |
Depreciation and amortization | (354.2) |  |  | (314.1) |
Partnership investments | (972.1) |  |  | (890.4) |
Leasing assets | (624.8) |  |  | (628.7) |
Other | (10.4) |  |  | (9.7) |
Total deferred tax liabilities | (1,961.5) |  |  | (1,842.9) |
Net deferred tax liabilities | $ | (1,231.7) |  |  | $ | (1,121.0) |

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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 the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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