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Income taxes
 9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Income taxes Income taxes
Three Months Ended September 30,Nine Months Ended September 30,
(In millions, except for effective tax rate)
2025202420252024
Continuing operations    
Provision for income taxes
$53.0 27.2 $95.8 75.5 
Effective tax rate58.6%46.0 %40.8%36.0%

2025 Effective Income Tax Rate Compared to U.S. Statutory Rate
On July 4, 2025, the One Big Beautiful Bill Act (the "OBBBA") was enacted in the U.S. The OBBBA includes modifications to the U.S. taxation of worldwide income and the deductibility of interest expense, among other tax changes. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. As a result of the enactment of the OBBBA, we recorded a tax expense of $18.7 million from an increased valuation allowance on U.S. tax credit carryforwards.

The effective income tax rate on continuing operations in the first nine months of 2025 was greater than the 21% U.S. statutory rate due to the geographical mix of earnings, the seasonality of book losses for which no tax benefit can be recorded, nondeductible expenses in Mexico, taxes on cross border payments, the tax expense recorded related to the enactment of OBBBA and U.S. taxable income and credit limitations.

2024 Effective Income Tax Rate Compared to U.S. Statutory Rate
The effective income tax rate on continuing operations in the first nine months of 2024 was greater than the 21% U.S. statutory rate due to the geographical mix of earnings, the seasonality of book losses for which no tax benefit can be recorded, nondeductible expenses in Mexico, taxes on cross border payments and U.S. taxable income and credit limitations.