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v3.22.4

Income Taxes - Reconciliation of U.S. Federal Statutory Tax Rate to Company's Effective Tax Rate (Details) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Income tax provision |  |  |  |
Effective tax rate |  | 20.50% | 22.00% | 16.00%
BPEA Transaction gain (Note 10) | $ 641.9 | $ 641.9 | $ 0.0 | $ 0.0
Unrealized gains |  | 59.9 | $ 8.1 |
EQT AB (“EQT”) |  |  |  |
Income tax provision |  |  |  |
Equity securities, realized gain |  | 43.8 |  |
Unrealized gains |  | $ 57.9 |  |
Controlling Interest |  |  |  |
Income tax provision |  |  |  |
Statutory U.S. federal tax rate |  | 21.00% | 21.00% | 21.00%
State income taxes, net of federal benefit |  | 3.50% | 3.50% | 3.50%
Foreign operations |  | (1.70%) | (1.70%) | (8.50%)
Compensation plans |  | 0.80% | 2.00% | 5.80%
Changes in tax laws |  | 0.00% | 2.40% | 3.00%
Change in valuation allowances |  | 0.30% | 1.10% | 6.90%
Unrecognized tax benefits |  | 0.40% | 0.10% | (1.10%)
BPEA |  | (1.00%) | 0.00% | 0.00%
Affiliate divestments |  | 0.00% | 0.00% | (6.20%)
Changes in U.S. tax provision to return |  | 0.00% | 0.40% | 0.80%
Other |  | 0.00% | 0.10% | 0.40%
Effective tax rate |  | 23.30% | 28.90% | 25.60%
Non-controlling interests: |  |  |  |
Income tax provision |  |  |  |
Effect of income from non-controlling interests |  | (2.80%) | (6.90%) | (9.60%)

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