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Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Income before income taxes for U.S. and non-U.S. operations was as follows:

	2015				2014				2013
	(in millions)
U.S. income (loss)	$	88.3			$	12.0			$	(23.8	)
Non - U.S. income	184.4				164.7				110.1
Total income before income taxes	$	272.7			$	176.7			$	86.3

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The following is a summary of the components of our provisions for income taxes:

	2015				2014				2013
	(in millions)
Current
Federal	$	0.5			$	0.6			$	(1.3	)
Other state and local	0.2				0.1				0.1
Foreign	10.8				44.2				12.1
Total current	$	11.5			$	44.9			$	10.9
Deferred
Federal	$	26.4			$	(11.6	)		$	(9.3	)
Foreign	(0.8		)		0.4				(9.8		)
Total deferred	25.6				(11.2		)		(19.1		)
Total income tax expense (benefit)	$	37.1			$	33.7			$	(8.2	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following is a reconciliation of our provision for income taxes to the expected amounts using statutory rates:

	2015			2014			2013
Federal statutory	35.0	%		35.0	%		35.0	%
Foreign income taxes	(17.6	)		(25.1	)		(48.5	)
Change in enacted tax rate	—			—			(9.9	)
State and local	0.1			0.1			0.2
Tax Credits	(1.3	)		(11.4	)		—
Valuation allowance	2.6			4.5			12.4
U.S. tax on unremitted foreign earnings	0.2			1.9			(0.2	)
Uncertain tax positions	(5.7	)		13.0			(0.5	)
Other	0.3			1.1			2.0
Effective income tax rate	13.6	%		19.1	%		(9.5	)%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	December 31,
	2015				2014
	(in millions)
U.S. federal and state deferred tax asset, net	$	354.7			$	362.2
Other foreign deferred tax asset (liability), net	12.1				(2.5		)
Noncurrent deferred tax asset, net	$	366.8			$	359.7

	December 31,
	2015				2014
	(in millions)
Noncurrent deferred tax assets
Employee benefits	$	211.1			$	193.9
Inventory	9.4				—
Net operating loss (NOL) carryforwards	117.0				104.7
Tax credit carryforwards	25.8				69.8
Capital allowance carryforwards	13.6				14.4
Fixed assets	13.5				6.6
Deferred revenue	15.0				12.6
Capitalized expenditures	120.5				111.2
Other	22.4				2.3
Valuation allowances	(167.3		)		(146.7		)
Noncurrent deferred tax assets	$	381.0			$	368.8
Noncurrent deferred tax liabilities
Fixed assets and other	(14.2		)		(9.1		)
Noncurrent deferred tax asset, net	$	366.8			$	359.7

Current deferred tax assets and liabilities recognized in our Consolidated Balance Sheets are as follows:

	December 31,
	2015				2014
	(in millions)
U.S. federal and state deferred tax asset, net	$	—			$	27.0
Other foreign deferred tax asset, net	—				13.1
Current deferred tax asset, net	$	—			$	40.1

The following is a summary of the significant components of our deferred tax assets and liabilities:

	December 31,
	2015				2014
	(in millions)
Current deferred tax assets
Employee benefits	$	—			$	26.0
Inventory	—				7.5
Prepaid taxes and other	—				16.9
Valuation allowance	—				(10.2		)
Total current deferred tax assets	$	—			$	40.2
Current deferred tax liabilities
Unrealized foreign exchange gain and other	—				(0.1		)
Current deferred tax asset, net	$	—			$	40.1

Schedule of Unrecognized Income Tax Benefits [Table Text Block]

A reconciliation of the beginning and ending amounts of unrecognized income tax benefits is as follows:

	Unrecognized Income Tax				Interest and
	Benefits				Penalties
	(in millions)
Balance at January 1, 2013	$	20.7			$	10.2
Increase in prior year tax positions	6.1				0.1
Decrease in prior year tax positions	(4.4		)		(6.2		)
Increase in current year tax positions	4.0				—
Settlement	(4.7		)		—
Balance at December 31, 2013	$	21.7			$	4.1
Increase in prior year tax positions	10.5				8.1
Decrease in prior year tax positions	(0.5		)		—
Increase in current year tax positions	15.6				—
Balance at December 31, 2014	$	47.3			$	12.2
Increase in prior year tax positions	—				1.4
Decrease in prior year tax positions	(9.4		)		(4.9		)
Increase in current year tax positions	8.8				—
Foreign currency remeasurement adjustment	(5.1		)		(1.8		)
Balance at December 31, 2015	$	41.6			$	6.9

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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.

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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.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of 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 (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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