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v3.22.4

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021
--- | --- | ---
Deferred Tax Assets: |  |
Net operating loss carryforwards | $ 45.9 | $ 69.5
Sales incentive discounts | 46.3 | 40.1
Inventory valuation reserves | 34.4 | 33.6
Pensions and postretirement health care benefits | 19.7 | 18.5
Warranty and other reserves | 127.7 | 102.9
Research and development tax credits | 6.9 | 3.8
Foreign tax credits | 4.7 | 9.4
Other | 15.6 | 14.0
Total gross deferred tax assets | 301.2 | 291.8
Valuation allowance | (47.3) | (47.4)
Total deferred tax assets | 253.9 | 244.4
Deferred Tax Liabilities: |  |
Tax over book depreciation and amortization | 123.6 | 159.3
Investment in affiliates | 11.3 | 24.4
Other | 2.5 | 8.3
Total deferred tax liabilities | 137.4 | 192.0
Net deferred tax assets | 116.5 | 52.4
Amounts recognized in Consolidated Balance Sheets: |  |
Deferred tax assets - noncurrent | 228.5 | 169.3
Deferred tax liabilities - noncurrent | (112.0) | (116.9)
Net deferred tax assets | $ 116.5 | $ 52.4

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