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Income Taxes | 9 Months Ended
--- | ---
Sep. 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 September 30, |  | For the Nine Months Ended September 30,
| 2021 |  | 2022 |  | 2021 |  | 2022
Controlling interest: |  |  |  |  |  |  |
Current taxes | $ | 23.2 |  |  | $ | 17.9 |  |  | $ | 71.6 |  |  | $ | 73.3 |
Intangible-related deferred taxes | 12.0 |  |  | 12.7 |  |  | 51.9 |  |  | 41.2 |
Other deferred taxes | 7.4 |  |  | 4.2 |  |  | 29.7 |  |  | 6.6 |
Total controlling interest | 42.6 |  |  | 34.8 |  |  | 153.2 |  |  | 121.1 |
Non-controlling interests: |  |  |  |  |  |  |
Current taxes | $ | 2.3 |  |  | $ | 2.0 |  |  | $ | 7.2 |  |  | $ | 9.4 |
Deferred taxes | — |  |  | — |  |  | 6.0 |  |  | — |
Total non-controlling interests | 2.3 |  |  | 2.0 |  |  | 13.2 |  |  | 9.4 |
Income tax expense | $ | 44.9 |  |  | $ | 36.8 |  |  | $ | 166.4 |  |  | $ | 130.5 |
Income before income taxes (controlling interest) | $ | 171.0 |  |  | $ | 147.4 |  |  | $ | 540.5 |  |  | $ | 489.1 |
Effective tax rate (controlling interest)(1) | 24.9 | % |  | 23.6 | % |  | 28.3 | % |  | 24.8 | %
___________________________ (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 months ended September 30, 2021 was not meaningfully different than the marginal tax rate of 24.5%. The Company’s effective tax rate (controlling interest) for the nine months ended September 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 September 30, 2022 was lower than the marginal tax rate of 24.5%, primarily due to a $3.3 million tax benefit related to a change in the Company’s estimated foreign tax expense related to 2021. The Company’s effective tax rate (controlling interest) for the nine months ended September 30, 2022 was not meaningfully different than the marginal tax rate of 24.5%

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 21 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 17 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 6.I.5.Q1) -URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 14 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 270 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI https://asc.fasb.org/topic&trid=2144680 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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