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v3.20.4

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions | Dec. 31, 2020 | Dec. 31, 2019
--- | --- | ---
Deferred Tax Assets: |  |
Net operating loss carryforwards | $ 62.9 | $ 72.0
Sales incentive discounts | 50.8 | 61.9
Inventory valuation reserves | 35.9 | 41.1
Pensions and postretirement health care benefits | 55.8 | 51.6
Warranty and other reserves | 126.3 | 128.5
Research and development tax credits | 12.9 | 17.3
Foreign tax credits | 5.9 | 6.4
Other | 10.4 | 17.2
Total gross deferred tax assets | 360.9 | 396.0
Valuation allowance | (181.0) | (169.1)
Total deferred tax assets | 179.9 | 226.9
Deferred Tax Liabilities: |  |
Tax over book depreciation and amortization | 167.5 | 164.3
Investment in affiliates | 33.1 | 50.3
Other | 14.1 | 25.5
Total deferred tax liabilities | 214.7 | 240.1
Deferred tax liability | (34.8) | (13.2)
Amounts recognized in Consolidated Balance Sheets: |  |
Deferred tax liability | (34.8) | (13.2)
Deferred tax assets - noncurrent | 77.6 | 93.8
Deferred tax liabilities - noncurrent | $ (112.4) | $ (107.0)

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