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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Earnings Before Income Tax Provision

The components of earnings before income tax provision were as follows:

						Year Ended December 31,
(In millions)						2025						2024						2023
Domestic						$	162.2					$	150.0					$	134.8
Foreign						314.3						308.4						294.9
Total						$	476.5					$	458.4					$	429.7

Schedule of Components of Income Tax Provision

The components of our income tax provision were as follows:

						Year Ended December 31,
(In millions)						2025						2024						2023
Current tax (benefit) expense:
Federal						$	(114.8)					$	90.0					$	23.6
State and local						9.1						13.4						13.2
Foreign						67.6						101.9						81.8
Total current (benefit) expense						$	(38.1)					$	205.3					$	118.6
Deferred tax expense (benefit):
Federal						$	57.6					$	(51.1)					$	(28.1)
State and local						3.7						1.5						(5.8)
Foreign						12.1						33.2						5.7
Total deferred tax expense (benefit)						73.4						(16.4)						(28.2)
Total income tax provision						$	35.3					$	188.9					$	90.4

Schedule of Components of Deferred Tax Assets (Liabilities)

Deferred tax assets (liabilities) consist of the following:

						December 31,
(In millions)						2025						2024
Accruals not yet deductible for tax purposes						$	25.1					$	30.7
Net operating loss carryforwards						222.6						186.3
Foreign, federal and state credits						35.5						23.8
Employee benefit items						36.8						46.8
Capitalized expenses						79.9						138.8
Derivatives and other						49.9						45.5
Sub-total deferred tax assets						449.8						471.9
Valuation allowance						(219.8)						(183.3)
Total deferred tax assets						$	230.0					$	288.6
Depreciation and amortization						$	(101.0)					$	(97.5)
Unremitted foreign earnings						(1.7)						(1.6)
Intangible assets						(98.9)						(103.6)
Total deferred tax liabilities						(201.6)						(202.7)
Net deferred tax assets						$	28.4					$	85.9

Schedule of Reconciliation of the Provision for Income Taxes

As the Company has adopted ASU 2023‑09, the following table presents the reconciliation of provision for income taxes, with the amount computed by applying the statutory federal income tax rate, 21%, for the year ended December 31, 2025:

						Year Ended December 31,
(In millions)						2025
U.S. federal income tax expense						$	100.1					21.0		%
State income taxes, net of federal tax benefit (1)						11.4						2.4		%
Foreign tax effects:
Luxembourg
Net change in valuation allowance						16.4						3.4		%
Other						0.5						0.1		%
Other foreign jurisdictions						17.5						3.7		%
Effect of cross-border tax laws
Subpart F (net of credits)						13.4						2.8		%
Other						0.9						0.2		%
Tax credits						(2.6)						(0.5)		%
Net change in valuation allowance						1.1						0.2		%
Net change in unrecognized tax benefits						(127.9)						(26.8)		%
Nontaxable or nondeductible items						7.7						1.6		%
Other						(3.2)						(0.7)		%
Income tax provision and rate						$	35.3					7.4		%

(1)For the year ended December 31, 2025, state income taxes in California, Pennsylvania, Iowa, Florida, Tennessee, and North Carolina made up the majority (greater than 50%) of the tax effect in this category.

The following table presents the reconciliation of provision for income taxes, with the amount computed by applying the statutory federal income tax rate, 21%, for the years ended December 31, 2024 and 2023:

															Year Ended December 31,
(In millions)												2024												2023
Computed expected tax																		$	96.2					21.0		%				$	90.2					21.0		%
State income taxes, net of federal tax benefit																		12.1						2.6		%				4.8						1.1		%
Foreign earnings taxed at different rates																		24.9						5.4		%				4.5						1.0		%
U.S. tax on foreign earnings																		10.8						2.4		%				14.9						3.5		%
Tax credits																		(24.2)						(5.3)		%				(27.6)						(6.4)		%
Withholding tax																		4.4						1.0		%				6.0						1.4		%
Net change in valuation allowance																		(3.3)						(0.7)		%				13.0						3.0		%
Net change in unrecognized tax benefits																		12.2						2.7		%				(22.3)						(5.2)		%
Deferred tax adjustments																		43.3						9.4		%				0.4						0.1		%
Other																		12.5						2.7		%				6.5						1.5		%
Income tax provision and rate																		$	188.9					41.2		%				$	90.4					21.0		%

Schedule of Income Taxes Paid (Refund)

The following table shows the total and components of our income taxes paid (net of refunds received) for each jurisdiction for the year ended December 31, 2025:

						Year Ended December 31,
(In millions)						2025
Federal						$	49.5
State and local						$	12.2
Foreign
Mexico						$	25.5
United Kingdom						13.9
Argentina						9.7
Others(1)						61.4
Total						$	172.2

(1)Jurisdictions that do not meet the separate reporting requirement threshold of 5 percent.

Schedule of Unrecognized Tax Benefits Roll Forward

We are providing the following disclosures related to our unrecognized tax benefits and the effect on our effective income tax rate if recognized:

						Year Ended December 31,
(In millions)						2025						2024						2023
Beginning balance of unrecognized tax benefits						$	227.4					$	236.6					$	420.1
Additions for tax positions of current year						3.8						2.3						0.9
Additions for tax positions of prior years						9.9						1.8						7.5
Reductions for tax positions of prior years						(0.2)						(11.7)						(0.4)
Reductions for lapses of statutes of limitation and settlements						(207.4)						(1.6)						(191.5)
Ending balance of unrecognized tax benefits						$	33.5					$	227.4					$	236.6

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