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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Schedule of income (loss) from continuing operations before income taxes |
| Years Ended December 31,
(In millions) | 2022 |  | 2021 |  | 2020
Income (loss) from continuing operations before income taxes |  |  |  |  |
U.S. | $ | (44.3) |  |  | (1.8) |  |  | (72.9) |
Foreign | 270.5 |  |  | 237.3 |  |  | 152.2 |
Income from continuing operations before income taxes | $ | 226.2 |  |  | 235.5 |  |  | 79.3 |
Schedule of Components of Income Tax Expense Benefit |
Provision (benefit) for income taxes from continuing operations |  |  |  |  |
Current tax expense (benefit) |  |  |  |  |
U.S. federal | $ | 2.8 |  |  | 0.5 |  |  | (0.8) |
State | 1.6 |  |  | 0.9 |  |  | (0.6) |
Foreign | 99.3 |  |  | 104.3 |  |  | 86.2 |
Current tax expense | 103.7 |  |  | 105.7 |  |  | 84.8 |
Deferred tax expense (benefit) |  |  |  |  |
U.S. federal | (59.3) |  |  | 6.0 |  |  | (7.9) |
State | (0.1) |  |  | 2.9 |  |  | (1.6) |
Foreign | (2.9) |  |  | 5.7 |  |  | (18.7) |
Deferred tax expense (benefit) | (62.3) |  |  | 14.6 |  |  | (28.2) |
Provision for income taxes of continuing operations | $ | 41.4 |  |  | 120.3 |  |  | 56.6 |
Comprehensive provision (benefit) for income taxes allocation |
| Years Ended December 31,
(In millions) | 2022 |  | 2021 |  | 2020
Comprehensive provision (benefit) for income taxes allocable to |  |  |  |  |
Continuing operations | $ | 41.4 |  |  | 120.3 |  |  | 56.6 |
Discontinued operations | (0.9) |  |  | 0.6 |  |  | (0.2) |
Other comprehensive income (loss) | 55.9 |  |  | 55.3 |  |  | (12.4) |
Equity | — |  |  | — |  |  | (0.6) |
Comprehensive provision for income taxes | $ | 96.4 |  |  | 176.2 |  |  | 43.4 |
Schedule of Effective Income Tax Rate Reconciliation | The following table reconciles the difference between the actual tax rate on continuing operations and the statutory U.S. federal income tax rate of 21% for 2022, 2021 and 2020.
| Years Ended December 31,
(In percentages) | 2022 |  | 2021 |  | 2020
U.S. federal tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Increases (reductions) in taxes due to: |  |  |  |  |
Foreign rate differential | 7.5 |  |  | 7.6 |  |  | 12.9 |
Taxes on cross border income, net of credits | 6.9 |  |  | 4.6 |  |  | 11.0 |
Adjustments to valuation allowances | (21.1) |  |  | 6.7 |  |  | 6.6 |
Foreign income taxes | (0.7) |  |  | 6.1 |  |  | 10.6 |
French business tax | 0.8 |  |  | 0.7 |  |  | 3.7 |
State income taxes, net | 0.7 |  |  | 0.9 |  |  | (1.6) |
Share-based compensation | 1.3 |  |  | 0.2 |  |  | (3.1) |
Acquisition costs | — |  |  | 0.5 |  |  | 6.0 |
Other | 1.9 |  |  | 2.8 |  |  | 4.3 |
Actual income tax rate on continuing operations | 18.3 | % |  | 51.1 | % |  | 71.4 | %
Schedule of Deferred Tax Assets and Liabilities | Components of Deferred Tax Assets and Liabilities
| December 31,
(In millions) | 2022 |  | 2021
Deferred tax assets |  |  |
Pension liabilities | $ | 33.5 |  |  | 53.1 |
Retirement benefits other than pensions | 23.8 |  |  | 54.6 |
Lease liabilities | 80.9 |  |  | 85.4 |
Workers’ compensation and other claims | 27.5 |  |  | 35.5 |
Property and equipment, net | 54.1 |  |  | 35.7 |
Other assets and liabilities | 113.3 |  |  | 88.2 |
Net operating loss carryforwards | 53.4 |  |  | 72.8 |
Interest limitations and other tax carryforwards(a) | 20.6 |  |  | 6.0 |
Foreign tax and other tax credits(b) | 57.4 |  |  | 82.8 |
Subtotal | 464.5 |  |  | 514.1 |
Valuation allowances | (77.3) |  |  | (141.5) |
Total deferred tax assets | 387.2 |  |  | 372.6 |
Deferred tax liabilities |  |  |
Right-of-use assets, net | 76.8 |  |  | 76.9 |
Goodwill and other intangibles | 100.3 |  |  | 76.7 |
Other assets and miscellaneous | 31.7 |  |  | 28.8 |
Deferred tax liabilities | 208.8 |  |  | 182.4 |
Net deferred tax asset | $ | 178.4 |  |  | 190.2 |
Included in: |  |  |
Noncurrent assets | $ | 246.2 |  |  | 239.4 |
Noncurrent liabilities | (67.8) |  |  | (49.2) |
Net deferred tax asset | $ | 178.4 |  |  | 190.2 |
(a)U.S. interest limitation carryforward of $10.8 million has an unlimited carryforward and is not subject to a valuation allowance. In addition, foreign interest limitation and other tax carryforwards of $9.8 million have an unlimited carryforward and are subject to a full valuation allowance. (b)U.S. foreign tax credits of $54.0 million expire in various years between 2023 and 2031 and other remaining credits of $3.4 million have various expiration periods. The U.S. foreign tax credits and other credits have a valuation allowance of $10.3 million.
Summary of Valuation Allowance | Based on our analysis of positive and negative evidence including historical and expected future taxable earnings, and a consideration of available tax-planning strategies, we believe it is more-likely-than-not that we will realize the benefit of the existing deferred tax assets, net of valuation allowances, at December 31, 2022.
| Years Ended December 31,
(In millions) | 2022 |  | 2021 |  | 2020
Valuation allowances: |  |  |  |  |
Beginning of year | $ | 141.5 |  |  | 128.1 |  |  | 118.3 |
Expiring tax credits | (0.2) |  |  | (0.7) |  |  | (0.4) |
Acquisitions and dispositions | — |  |  | (0.8) |  |  | 4.9 |
Changes in judgment about deferred tax assets(a) | (46.1) |  |  | 8.8 |  |  | (2.4) |
Other changes in deferred tax assets, charged to: |  |  |  |  |
Income from continuing operations | (1.4) |  |  | 7.4 |  |  | 8.1 |
Other comprehensive income (loss) | (13.9) |  |  | (0.2) |  |  | (0.3) |
Foreign currency exchange effects | (2.6) |  |  | (1.1) |  |  | (0.1) |
End of year | $ | 77.3 |  |  | 141.5 |  |  | 128.1 |
(a)Changes in judgment about valuation allowances are based on a recognition threshold of “more-likely-than-not” of realizing beginning-of-year balances of deferred tax assets. Amounts are recognized in income from continuing operations. The 2022 change in judgment includes the impact of the U.S. final foreign tax credit regulations. We determined a significant amount of the post-2021 foreign withholding taxes will now be ineligible for U.S. foreign income tax credit treatment and therefore our U.S. operations will no longer annually be generating new foreign tax credits in excess of its annual foreign tax credit utilization limit. As a result, we expect to be able to utilize a substantial amount of our foreign tax credit and general business tax credit carryforwards to offset future tax prior to their expiration..
Net Operating Losses | The tax benefit of net operating loss carryforwards, before valuation allowances, as of December 31, 2022, was $53.4 million, and expires as follows:
(In millions) | Federal |  | State |  | Foreign |  | Total
Years of expiration |  |  |  |  |  |  |
2023-2027 | $ | — |  |  | — |  |  | 1.8 |  |  | 1.8 |
2028-2032 | — |  |  | 0.5 |  |  | 1.1 |  |  | 1.6 |
2033 and thereafter | — |  |  | 9.7 |  |  | 4.2 |  |  | 13.9 |
Unlimited | 4.2 |  |  | 1.7 |  |  | 30.2 |  |  | 36.1 |
| $ | 4.2 |  |  | 11.9 |  |  | 37.3 |  |  | 53.4 |
Uncertain Tax Positions | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| Years Ended December 31,
(In millions) | 2022 |  | 2021 |  | 2020
Uncertain tax positions: |  |  |  |  |
Beginning of year | $ | 28.9 |  |  | 14.0 |  |  | 12.0 |
Increases related to prior-year tax positions | 1.2 |  |  | 3.0 |  |  | — |
Decreases related to prior-year tax positions | (2.9) |  |  | (0.4) |  |  | (0.2) |
Increases related to current-year tax positions | 2.3 |  |  | 5.2 |  |  | 2.3 |
Increases related to acquisitions | 0.3 |  |  | 11.8 |  |  | 4.1 |
Settlements | (2.4) |  |  | (2.5) |  |  | (2.1) |
Effect of the expiration of statutes of limitation | (1.9) |  |  | (1.6) |  |  | (1.4) |
Foreign currency exchange effects | (2.0) |  |  | (0.6) |  |  | (0.7) |
End of year | $ | 23.5 |  |  | 28.9 |  |  | 14.0 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI https://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319 + Details
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