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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Provision for Income Taxes | The provision for income taxes consists of the following:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
| (Amounts in thousands)
Current: |  |  |  |  |
U.S. federal | $ | 66,486 |  |  | $ | 40,234 |  |  | $ | 22,001 |
Foreign | 29,987 |  |  | 42,487 |  |  | 61,976 |
State and local | 1,478 |  |  | 5,894 |  |  | 4,506 |
Total current | 97,951 |  |  | 88,615 |  |  | 88,483 |
Deferred: |  |  |  |  |
U.S. federal | (92,021) |  |  | (50,038) |  |  | (1,644) |
Foreign | (4,339) |  |  | 26,742 |  |  | (12,243) |
State and local | (4,185) |  |  | (3,902) |  |  | 897 |
Total deferred | (100,545) |  |  | (27,198) |  |  | (12,990) |
Total provision | $ | (2,594) |  |  | $ | 61,417 |  |  | $ | 75,493 |
Schedule of Reconciliation Statutory Corporate Rate to Provision for Income Taxes | The provision for income taxes differs from the statutory corporate rate due to the following:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
| (Amounts in millions)
Statutory federal income tax at 21% | $ | 28.1 |  |  | $ | 39.2 |  |  | $ | 67.7 |
Base Erosion and Anti-abuse Tax | 7.6 |  |  | — |  |  | — |
Foreign impact, net | (158.0) |  |  | 0.1 |  |  | 4.5 |
Change in valuation allowances | 146.6 |  |  | 26.9 |  |  | 0.3 |
State and local income taxes, net | (2.7) |  |  | 2.0 |  |  | 5.4 |
Reversal of deferred tax liabilities following legal entity reorganizations | (22.6) |  |  | — |  |  | — |
Research and development credit | (3.6) |  |  | (5.2) |  |  | (5.4) |
Non-deductible items | 4.4 |  |  | 1.8 |  |  | 1.9 |
Other, net | (2.4) |  |  | (3.4) |  |  | 1.1 |
Total | (2.6) |  |  | 61.4 |  |  | 75.5 |
Effective tax rate | (1.9) | % |  | 30.4 | % |  | 23.4 | %
Schedule of Deferred Tax Assets and Liabilities | Significant components of the consolidated deferred tax assets and liabilities were:
| December 31,
| 2021 |  | 2020
| (Amounts in thousands)
Deferred tax assets related to: |  |  |
Retirement benefits | $ | 17,212 |  |  | $ | 29,754 |
Net operating loss carryforwards | 200,196 |  |  | 108,643 |
Inventories | 21,216 |  |  | 36,402 |
Credit and capital loss carryforwards | 185,832 |  |  | 136,956 |
Warranty and accrued liabilities | 26,116 |  |  | 27,483 |
Operating lease liability | 27,211 |  |  | 25,446 |
Section 59(e) capitalized expenses | 43,434 |  |  | 21,668 |
Other | 95,779 |  |  | 76,202 |
Total deferred tax assets | 616,996 |  |  | 462,554 |
Valuation allowances | (415,962) |  |  | (287,410) |
Net deferred tax assets | 201,034 |  |  | 175,144 |
Deferred tax liabilities related to: |  |  |
Property, plant and equipment | — |  |  | (11,714) |
Goodwill and intangibles | (123,133) |  |  | (123,486) |
Foreign undistributed earnings | (15,529) |  |  | (50,332) |
Operating lease right-of-use-assets | (25,556) |  |  | (25,799) |
Other | (1,936) |  |  | (19,100) |
Total deferred tax liabilities | (166,154) |  |  | (230,431) |
Deferred tax asset/(liabilities), net | $ | 34,880 |  |  | $ | (55,287) |
Schedule of Earnings Before Income Tax | Earnings before income taxes comprised:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
| (Amounts in thousands)
U.S. | $ | (52,915) |  |  | $ | 73,109 |  |  | $ | 110,500 |
Foreign | 186,504 |  |  | 129,183 |  |  | 211,933 |
Total | $ | 133,589 |  |  | $ | 202,292 |  |  | $ | 322,433 |
Reconciliation of Unrecognized Tax Benefits | A tabular reconciliation of the total gross amount of unrecognized tax benefits, excluding interest and penalties, is as follows (in millions):
| 2021 |  | 2020 |  | 2019
Balance — January 1 | $ | 54.8 |  |  | $ | 40.6 |  |  | $ | 41.2 |
Gross amount of increase (decrease) in unrecognized tax benefits resulting from tax positions taken: |  |  |  |  |
During a prior year | 8.0 |  |  | 3.8 |  |  | 8.8 |
During the current period | 4.5 |  |  | 11.1 |  |  | 6.3 |
Decreases in unrecognized tax benefits relating to: |  |  |  |  |
Settlements with taxing authorities | (10.2) |  |  | (0.2) |  |  | (11.4) |
Lapse of the applicable statute of limitations | (5.1) |  |  | (2.5) |  |  | (3.2) |
Increase (decrease) in unrecognized tax benefits relating to foreign currency translation adjustments | (2.1) |  |  | 2.0 |  |  | (1.1) |
Balance — December 31 | $ | 49.9 |  |  | $ | 54.8 |  |  | $ | 40.6 |
Summary of Valuation Allowance | The following schedule presents the changes in deferred tax asset valuation allowance as follows:
(Amounts in thousands) |  | Balance at Beginning of Year |  | Additions Charged to Cost and Expenses |  | Additions Charged to Other Accounts— Acquisitions and Related Adjustments |  | Deductions From Reserve |  | Balance at End of Year
Year Ended December 31, 2021 |  |  |  |  |  |  |  |  |  |
Deferred tax asset valuation allowance(1): |  | 287,410 |  |  | 178,203 |  |  | (15,572) |  |  | (34,079) |  |  | 415,962 |
Year Ended December 31, 2020 |  |  |  |  |  |  |  |  |  |
Deferred tax asset valuation allowance(1): |  | 266,414 |  |  | 49,950 |  |  | (529) |  |  | (28,425) |  |  | 287,410 |
Year Ended December 31, 2019 |  |  |  |  |  |  |  |  |  |
Deferred tax asset valuation allowance(1): |  | 133,929 |  |  | 145,010 |  |  | 1,832 |  |  | (14,357) |  |  | 266,414 |
______________________________ (1)Deductions from reserve result from the expiration or utilization of net operating losses and foreign tax credits previously reserved. Additions in 2021 include generation of net operating losses and foreign tax credits and in 2019 include the generation of a capital loss carryforward

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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319 + Details
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