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Income Taxes - Summary of Components of Net Deferred Income Tax Asset (Details) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Deferred income tax assets (liabilities):    
Tax loss carryforwards $ 423.9 $ 419.7
Tax credit carryforwards 280.6 294.0
Retirement benefit plans 82.9 59.1
Accrued liabilities 177.9 136.1
Self-insurance reserves 7.1 5.8
Current asset basis differences 43.3 43.7
Long-term asset basis differences (36.5) (65.4)
Deferred compensation 22.6 27.2
Recoverable customer engineering, development and tooling 67.1 (10.5)
Undistributed earnings of foreign subsidiaries (71.7) (76.7)
Derivative instruments and hedging activities (5.2) (5.2)
Other (8.9) (5.8)
Deferred tax assets, gross, total 983.1 822.0
Valuation allowance (397.7) (344.8)
Net deferred income tax asset $ 585.4 $ 477.2