XML 113 R96.htm IDEA: XBRL DOCUMENT v3.25.0.1
Income Taxes - Schedule of Reconciliation of Income Tax Rate (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Amount      
Tax provision at U.S. statutory rate $ (16.6) $ (101.0) $ (20.3)
Foreign income tax rate differential (3.7) 3.3 (4.7)
Income from passthrough entities 1.8 1.9 0.6
Branch earnings 2.2 1.4 0.2
Global intangible low tax inclusion 3.4 3.5 (1.6)
Foreign derived intangible income 2.4 (0.3) (0.1)
State income tax, net of federal benefit (2.5) (0.6) (3.1)
Adjustments to valuation allowances (4.7) 50.8 (3.3)
Other tax credits (3.2) (3.5) (2.6)
Foreign tax credits (2.0) (7.4) 1.8
Other foreign operational taxes 0.7 1.8 1.5
Remeasurement of deferred taxes due to tax law 1.1 (0.3) (3.0)
Non-deductible compensation expense 0.5 0.9 1.4
Non-deductible acquisition expense 0.0 (0.5) 5.4
Goodwill impairment 0.0 84.5 0.0
Uncertain tax positions (5.8) (4.2) 1.1
Worthless stock deduction (4.6) 0.0 0.0
Other, net 0.8 (3.5) (0.9)
Provision for income taxes $ (30.2) $ 26.8 $ (27.6)
Percent      
Tax provision at U.S. statutory rate 21.00% 21.00% 21.00%
Foreign income tax rate differential 4.70% (0.70%) 4.90%
Income from passthrough entities (2.30%) (0.40%) (0.70%)
Branch earnings (2.80%) (0.30%) (0.20%)
Global intangible low tax inclusion (4.30%) (0.70%) 1.70%
Foreign derived intangible income (3.00%) 0.10% 0.10%
State income tax, net of federal benefit 3.20% 0.10% 3.20%
Adjustments to valuation allowances 6.00% (10.60%) 3.40%
Other tax credits 4.10% 0.70% 2.70%
Foreign tax credits 2.50% 1.50% (1.80%)
Other foreign operational taxes (0.90%) (0.30%) (1.60%)
Remeasurement of deferred taxes due to tax law (1.40%) 0.10% 3.10%
Non-deductible compensation expense (0.60%) (0.20%) (1.40%)
Non-deductible acquisition expense 0.00% 0.10% (5.60%)
Goodwill impairment 0.00% (17.60%) 0.00%
Uncertain tax positions 7.40% 0.90% (1.20%)
Worthless stock deduction 5.80% 0.00% 0.00%
Other, net (1.10%) 0.70% 1.00%
Provision for income taxes 38.30% (5.60%) 28.60%