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Income Taxes Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

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:

	2017				2016				2015
	(in millions)
U.S. income (loss)	$	(37.1	)		$	90.0			$	88.3
Non - U.S. income	377.1				209.0				184.4
Total income before income taxes	$	340.0			$	299.0			$	272.7

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:

	2017				2016				2015
	(in millions)
Current
Federal	$	87.1			$	0.4			$	0.5
Other state and local	(0.7		)		—				0.2
Foreign	62.4				27.5				10.8
Total current	$	148.8			$	27.9			$	11.5
Deferred
Federal	$	(122.3	)		$	31.2			$	26.4
Other state and local	(17.0		)		—				—
Foreign	(7.0		)		(0.8		)		(0.8		)
Total deferred	(146.3		)		30.4				25.6
Total income tax expense	$	2.5			$	58.3			$	37.1

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:

	2017			2016			2015
Federal statutory	35.0	%		35.0	%		35.0	%
Foreign income taxes	(28.3	)		(20.5	)		(17.6	)
Change in enacted tax rate	(31.6	)		(0.2	)		—
Transition tax	31.9			—			—
State and local	(1.9	)		—			0.1
Tax credits	(2.6	)		(1.1	)		(1.3	)
Valuation allowance	(1.8	)		0.4			2.6
U.S. tax on unremitted foreign earnings	(5.5	)		0.2			0.2
Uncertain tax positions	4.0			0.5			(5.7	)
Other	1.5			5.2			0.3
Effective income tax rate	0.7	%		19.5	%		13.6	%

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

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

	December 31,
	2017				2016
	(in millions)
Deferred tax assets
Employee benefits	$	155.9			$	219.3
Inventory	20.8				20.3
Net operating loss (NOL) carryforwards	172.4				126.7
Tax credit carryforwards	96.4				35.1
Capital allowance carryforwards	11.2				11.6
Fixed assets	5.1				15.9
Deferred revenue	14.7				19.3
Capitalized expenditures	35.4				71.9
Other	26.9				20.5
Valuation allowances	(180.4		)		(164.8		)
Deferred tax assets	$	358.4			$	375.8
Deferred tax liabilities
U.S. tax on unremitted foreign earnings	(2.4		)		—
Other intangible assets	(281.6		)		—
Fixed assets	(120.3		)		(23.0		)
Other	(18.7		)		—
Deferred tax liabilities	$	(423.0	)		$	(23.0	)
Deferred tax asset (liability), net	$	(64.6	)		$	352.8

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

	December 31,
	2017				2016
	(in millions)
U.S. federal and state deferred tax asset (liability), net	$	(79.4	)		$	340.9
Other foreign deferred tax asset, net	14.8				11.9
Deferred tax asset (liability), net	$	(64.6	)		$	352.8

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, 2015	$	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
Increase in prior year tax positions	0.4				2.0
Decrease in prior year tax positions	(2.5		)		(0.5		)
Increase in current year tax positions	9.3				—
Settlement	(17.3		)		(5.6		)
Foreign currency remeasurement adjustment	(3.3		)		(0.3		)
Balance at December 31, 2016	$	28.2			$	2.5
Increase in prior year tax positions	1.5				3.1
Decrease in prior year tax positions	(0.4		)		—
Increase in current year tax positions	10.5				—
Increase from acquisitions	8.3				1.9
Settlement	(1.2		)		(0.1		)
Foreign currency remeasurement adjustment	0.8				0.1
Balance at December 31, 2017	$	47.7			$	7.5

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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 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.

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