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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

U.S. and international components of income before taxes [Table Text Block]

The U.S. and international components of income before taxes are as follows (in millions):

						Year Ended December 31,
						2024						2023						2022
U.S.						$	(1,117.0)					$	(31.0)					$	(2,403.4)
International						(1,225.5)						(819.1)						(2,300.8)
Income (loss) before taxes						$	(2,342.5)					$	(850.1)					$	(4,704.2)

Provision for income taxes [Table Text Block]

The benefit from income taxes consists of the following (in millions):

						Year Ended December 31,
						2024						2023						2022
Current tax expense:
U.S. Federal						$	81.0					$	73.8					$	112.8
State						14.0						12.0						20.1
International						28.5						17.4						24.1
Current tax expense						123.5						103.2						157.0
Deferred tax (benefit) expense:
U.S. Federal						(571.6)						(291.7)						(1,121.3)
State						(34.7)						(15.7)						(83.6)
International						(20.5)						(15.2)						(36.7)
Deferred tax expense						(626.8)						(322.6)						(1,241.6)
Non-current tax expense (benefit)						5.0						6.6						7.9
Benefit from income taxes						$	(498.3)					$	(212.8)					$	(1,076.7)

Reconcilation of effective tax rate on inocme before taxes and statutory rate [Table Text Block]

The reconciliation between our effective tax rate on income before taxes and the statutory tax rate is as follows:

						Year Ended December 31,
						2024						2023						2022
U. S. statutory tax rate						21.0		%				21.0		%				21.0		%
Impact of foreign operations						(11.1)						(20.4)						(10.0)
U.S. taxation of foreign income						11.3						23.8						10.5
State taxes						0.9						2.4						1.1
Other						(0.8)						(1.8)						0.3
Benefit from income taxes						21.3		%				25.0		%				22.9		%

Significant components of deferred tax assets and liabilities [Table Text Block]

Deferred tax assets and liabilities reflect the tax effects of losses, credits, and temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of deferred tax assets and liabilities are as follows (in millions):

						December 31,
						2024						2023
Deferred tax assets:
Bad debt, inventory and warranty accruals						$	28.2					$	29.4
Other post-employment benefits, vacation and other reserves						17.0						17.5
Tax credit and net operating loss carryforwards						131.0						126.4
Lease obligations						34.0						41.9
Other						40.8						48.8
Total gross deferred tax assets						251.0						264.0
Valuation allowance						(95.2)						(53.2)
Total deferred tax assets						155.8						210.8
Deferred tax liabilities:
Property and equipment						37.7						40.4
Lease assets						31.4						38.4
Investments and intangible assets						858.1						1,565.0
Total deferred tax liabilities						927.2						1,643.8
Net deferred tax liabilities						$	(771.4)					$	(1,433.0)

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (in millions):

						2024						2023						2022
Unrecognized tax benefits – January 1						$	84.7					$	85.5					$	61.9
Additions to tax positions related to prior years						1.7						0.2						18.1
Reductions to tax positions related to prior years						(2.3)						(12.8)						(0.2)
Additions to tax positions related to the current year						6.0						11.6						9.8
Settlements						(1.5)						(0.2)						(2.2)
Lapse of statute of limitations						(1.5)						(0.9)						(0.8)
Foreign currency adjustments						(0.4)						1.3						(1.1)
Unrecognized tax benefits – December 31						$	86.7					$	84.7					$	85.5

Summary of Valuation Allowance

The valuation allowance for deferred tax assets is as follows (in millions):

									December 31,
									2024																		2023																		2022
Beginning balance									$			53.2															$			72.8															$			46.4
Additions charged to expenses												42.0																		—																		26.4
Deductions from reserves												—																		(19.6)																		—
Ending balance									$			95.2															$			53.2															$			72.8

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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.

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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