XML 122 R96.htm IDEA: XBRL DOCUMENT v3.24.0.1
Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Tax Disclosure [Abstract]      
U.S. Federal statutory rate $ 63.0 $ 206.6 $ 188.6
Foreign earnings subject to different tax rates (130.7) (152.7) (182.4)
State and local income taxes, less federal income tax benefit 2.5 5.5 7.6
Research and development and miscellaneous tax credits(2) (1,154.6) (5.7) (8.6)
Tax on dividends, deemed dividends, and GILTI 37.0 24.6 44.5
Changes to unrecognized tax benefits 10.5 10.5 (28.7)
Nondeductible expenses 9.3 19.6 11.5
Change in valuation allowance 172.5 71.3 84.7
Exchange gains and losses (18.4) (12.0) (8.6)
Other (110.4) (22.5) (16.1)
Total (1,119.3) 145.2 92.5
Operating Loss Carryforwards [Line Items]      
GILTI provisions 25.5 17.8 36.2
Decrease related to deferred tax liabilities $ 120.0 $ 39.7 $ 37.1