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Income Taxes
 6 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company’s consolidated income tax provision includes taxes attributable to the controlling interest and, to a lesser extent, taxes attributable to the non-controlling interests.
The following table presents the consolidated provision for income taxes:
 For the Three Months Ended June 30,For the Six Months Ended June 30,
 2021202220212022
Controlling interest:  
Current taxes$17.8 $25.1 $48.4 $55.4 
Intangible-related deferred taxes31.0 12.8 39.9 28.5 
Other deferred taxes13.4 (2.0)22.3 2.5 
Total controlling interest62.2 35.9 110.6 86.4 
Non-controlling interests:    
Current taxes$2.7 $2.1 $4.9 $7.4 
Deferred taxes6.0 — 6.0 — 
Total non-controlling interests8.7 2.1 10.9 7.4 
Income tax expense $70.9 $38.0 $121.5 $93.8 
Income before income taxes (controlling interest)$171.2 $145.3 $369.5 $341.8 
Effective tax rate (controlling interest)(1)
36.3 %24.7 %29.9 %25.3 %
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(1)Taxes attributable to the controlling interest divided by income before income taxes (controlling interest).
The Company’s effective tax rate (controlling interest) for the three and six months ended June 30, 2021 was higher than the marginal tax rate of 24.5%, primarily due to a $19.2 million deferred tax expense resulting from an increase in the UK tax rate enacted during the second quarter of 2021.
The Company’s effective tax rate (controlling interest) for the three months ended June 30, 2022 was not meaningfully different than the marginal tax rate of 24.5%. The Company’s effective tax rate (controlling interest) for the six months ended June 30, 2022 was higher than the marginal tax rate, primarily due to a $4.0 million tax expense resulting from non-deductible compensation, partially offset by $2.2 million of tax benefits from the reduction of certain valuation allowances on foreign net operating losses