XML 56 R29.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Income Tax Disclosure [Abstract] |
Reconciliation of Beginning and Ending Liability for Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of the liability for unrecognized tax benefits is as follows:
($ in millions) | 2013 |  | 2012 |
Balance at January 1 | $ | 6.8 |  | $ | 6.3 |
Additions for tax positions taken in the current year | 1.7 |  | 0.7 |
Reduction for expiration of statute of limitations/audits | (1.4 | ) | (0.2 | )
Balance at December 31 | $ | 7.1 |  | $ | 6.8 |
Schedule of Components of Income Before Income Taxes | The components of income before income taxes are:
($ in millions) | 2013 |  | 2012 |  | 2011 |
U.S. operations | $ | 28.9 |  | $ | 8.9 |  | $ | 15.8 |
International operations | 118.2 |  | 99.7 |  | 76.9 |
Total income before income taxes | $ | 147.1 |  | $ | 108.6 |  | $ | 92.7 |
Schedule of Components of Income Tax Expense | The related provision for income taxes consists of:
($ in millions) | 2013 |  | 2012 |  | 2011 |
Current: |  |  |
Federal | $ | — |  | $ | — |  | $ | — |
State | 0.3 |  | 0.2 |  | — |
International | 38.2 |  | 27.2 |  | 20.6 |
Current income tax provision | 38.5 |  | 27.4 |  | 20.6 |
Deferred: |  |  |
Federal and state | 9.2 |  | 3.3 |  | 2.7 |
International | (7.5 | ) | 2.0 |  | 0.2 |
Deferred income tax provision | 1.7 |  | 5.3 |  | 2.9 |
Income tax expense | $ | 40.2 |  | $ | 32.7 |  | $ | 23.5 |
Schedule of Deferred Tax Assets and Liabilities | The significant components of our deferred tax assets and liabilities at December 31 are:
($ in millions) | 2013 |  | 2012 |
Deferred tax assets |  |
Net operating loss carryforwards | $ | 20.7 |  | $ | 21.1 |
Tax credit carryforwards | 36.1 |  | 37.0 |
Restructuring and impairment charges | 0.1 |  | 0.3 |
Pension and deferred compensation | 51.2 |  | 69.8 |
Other | 19.8 |  | 15.1 |
Valuation allowance | (23.5 | ) | (20.4 | )
Total deferred tax assets | 104.4 |  | 122.9 |
Deferred tax liabilities: |  |
Accelerated depreciation | 40.5 |  | 42.8 |
Other | 5.4 |  | 3.9 |
Total deferred tax liabilities | 45.9 |  | 46.7 |
Net deferred tax asset | $ | 58.5 |  | $ | 76.2 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the U.S. federal corporate tax rate to our effective consolidated tax rate on income before income taxes follows:
| 2013 |  | 2012 |  | 2011 |
U.S. federal corporate tax rate | 35.0 | % | 35.0 | % | 35.0 | %
Tax on international operations less than U.S. tax rate | (5.3 | ) | (5.9 | ) | (8.2 | )
Non-benefited losses | — |  | 0.6 |  | — |
Reversal of prior valuation allowance | (1.0 | ) | — |  | (0.1 | )
Reversal of reserves for unrecognized tax benefits | (0.8 | ) | (0.2 | ) | (0.8 | )
U.S. tax on international earnings, net of foreign tax credits | 0.1 |  | (1.2 | ) | (1.5 | )
State income taxes, net of federal tax effect | 0.1 |  | (1.0 | ) | 0.7 |
U.S. research and development credits | (1.8 | ) | — |  | (1.1 | )
Other business credits and Section 199 Deduction | (0.5 | ) | (1.0 | ) | (1.3 | )
Non-deductible debt premium | — |  | 2.0 |  | — |
Other | 1.6 |  | 1.9 |  | 2.6 |
Effective tax rate | 27.4 | % | 30.2 | % | 25.3 | %

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration