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Income Taxes (as restated) (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | Earnings (loss) before income taxes from continuing operations consists of the following:
| December 31 2020 (as restated) |  | December 31, 2019 |  | December 31, 2018
United States | $ | (373.2) |  |  | $ | (201.1) |  |  | $ | (351.4) |
Non-U.S. (1) | 118.6 |  |  | 96.8 |  |  | 80.4 |
Total loss before income taxes | $ | (254.6) |  |  | $ | (104.3) |  |  | $ | (271.0) |
(1)Certain of the Company's Non-U.S. entities generate significant losses for which a valuation allowance is provided for and accordingly do not create a tax benefit.
Schedule of Components of Income Tax Expense (Benefit) | The principal components of income tax expense (benefit) from continuing operations consists of the following:
| December 31, 2020 |  | December 31, 2019 |  | December 31, 2018
Current: |  |  |  |  |
Federal | $ | 0.1 |  |  | $ | — |  |  | $ | — |
State and local | 0.6 |  |  | (1.4) |  |  | 6.0 |
Non-U.S. | 73.4 |  |  | 51.0 |  |  | 83.8 |
Deferred: |  |  |  |  |
Federal | 2.3 |  |  | (0.4) |  |  | (8.4) |
State and local | 2.9 |  |  | (1.8) |  |  | (2.7) |
Non-U.S. | (6.6) |  |  | (10.9) |  |  | (28.8) |
Income tax expense (benefit) | $ | 72.7 |  |  | $ | 36.5 |  |  | $ | 49.9 |
Schedule of Effective Income Tax Rate Reconciliation | Reconciliation of U.S. federal statutory taxes to the Company’s total income tax expense (benefit) from continuing operations consists of the following:
| December 31, 2020 (as restated) |  | December 31, 2019 |  | December 31, 2018
Taxes at U.S. statutory rate (21%) | $ | (53.5) |  |  | $ | (21.9) |  |  | $ | (56.9) |
State and local taxes, net of federal tax benefit | (4.9) |  |  | (4.0) |  |  | (6.0) |
Non-U.S. rate differential | 4.6 |  |  | 4.3 |  |  | 4.2 |
Non-U.S. tax holidays | (9.2) |  |  | (4.6) |  |  | (1.8) |
Uncertain tax positions | 16.4 |  |  | 16.0 |  |  | 21.5 |
Tax Cuts and Jobs Act of 2017 | — |  |  | — |  |  | (14.1) |
Global intangible low-tax income inclusion | 15.4 |  |  | 13.8 |  |  | 4.2 |
Change in valuation allowances | 82.1 |  |  | 17.0 |  |  | 104.7 |
Taxes on undistributed foreign earnings and withholding/ dividend taxes | 9.8 |  |  | 8.5 |  |  | (2.3) |
U.S. implications of non-U.S. earnings | (2.6) |  |  | (1.8) |  |  | 12.3 |
R&D deduction/ credit | (7.9) |  |  | (2.2) |  |  | (11.8) |
Non-taxable settlement of contingent consideration | — |  |  | — |  |  | (3.2) |
Change in fair value of warrant liabilities | 30.2 |  |  | — |  |  | — |
Other permanent differences | 4.9 |  |  | 6.7 |  |  | 10.5 |
Impact of rate changes in non-U.S. jurisdictions | (2.6) |  |  | 4.8 |  |  | (1.3) |
Outside basis difference on divestiture | — |  |  | — |  |  | (6.6) |
Impact of transaction costs | (4.8) |  |  | — |  |  | — |
Other (1) | (5.2) |  |  | (0.1) |  |  | (3.5) |
Total income tax expense (benefit) | $ | 72.7 |  |  | $ | 36.5 |  |  | $ | 49.9 |
(1)Represents several adjustments, none of which are significant for separate disclosure.
Schedule of Deferred Tax Assets and Liabilities | The principal items that gave rise to deferred income tax assets and liabilities follow:
| December 31, 2020 |  | December 31, 2019 |  |
Deferred tax assets |  |  |  |  |
Net operating losses and capital losses | $ | 156.0 |  |  | $ | 131.7 |  |  |
Accrued liabilities | 44.9 |  |  | 30.0 |  |  |
Employee compensation and benefits | 10.1 |  |  | 13.7 |  |  |
Pensions | 14.8 |  |  | 13.3 |  |  |
Business interest deduction limitation | 80.7 |  |  | 98.9 |  |  |
Inventory | 21.8 |  |  | 20.4 |  |  |
R&D credit carryforward | 8.8 |  |  | 6.6 |  |  |
Lease liability | 13.7 |  |  | 19.8 |  |  |
Bad debts | 7.5 |  |  | 6.3 |  |  |
Foreign tax credit carryforward | 7.6 |  |  | — |  |  |
Other | 0.4 |  |  | 0.3 |  |  |
Total deferred tax assets, before valuation allowances | $ | 366.3 |  |  | $ | 341.0 |  |  |
Valuation allowances | $ | (274.7) |  |  | $ | (205.7) |  |  |
Deferred tax assets, net of valuation allowances | $ | 91.6 |  |  | $ | 135.3 |  |  |
Deferred tax liabilities |  |  |  |  |
Intangibles & Goodwill | (95.5) |  |  | (106.9) |  |  |
Undistributed foreign earnings | (38.0) |  |  | (45.1) |  |  |
Property, plant & equipment | (30.6) |  |  | (31.2) |  |  |
Debt issuance costs | (3.2) |  |  | (46.1) |  |  |
Lease Right of Use Asset | (12.1) |  |  | (18.8) |  |  |
Other | (7.8) |  |  | (2.9) |  |  |
Total deferred tax liabilities | $ | (187.2) |  |  | $ | (251.0) |  |  |
Net deferred income tax liabilities | $ | (95.6) |  |  | $ | (115.7) |  |  |
Schedule of Unrecognized Tax Benefits Roll Forward | Following are changes in unrecognized tax benefits before considering recoverability of cross-jurisdictional tax credits (federal, state, and non-U.S.) and temporary differences. The amount of unrecognized tax benefits is not expected to significantly increase or decrease within the next 12 months.
| December 31, 2020 |  | December 31, 2019 |  | December 31, 2018
Beginning balance | $ | 52.6 |  |  | $ | 38.4 |  |  | $ | 22.0 |
Additions for the current year tax positions | 13.2 |  |  | 10.2 |  |  | 11.6 |
Additions for prior year tax positions | 8.1 |  |  | 5.5 |  |  | 9.6 |
Reductions for prior year tax positions | (1.5) |  |  | (1.0) |  |  | (4.8) |
Reductions for settlements with tax authorities | — |  |  | — |  |  | — |
Reductions for expirations of statute of limitations | (2.4) |  |  | (0.5) |  |  | — |
Ending balance | $ | 70.0 |  |  | $ | 52.6 |  |  | $ | 38.4 |

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