XML 72 R46.htm IDEA: XBRL DOCUMENT
v3.19.1

Income Taxes (Table) | 12 Months Ended
--- | ---
Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Provision For Income Taxes | The provision for income taxes for 2018, 2017 and 2016, consisted of the following:
| Years Ended December 31,
(in millions) | 2018 |  | 2017 |  | 2016
Current: |  |  |  |  |
Federal | $ | 24.5 |  |  | $ | (167.6 | ) |  | $ | (41.7 | )
State | 1.8 |  |  | 14.9 |  |  | (15.9 | )
Non-U.S. | 147.2 |  |  | 31.0 |  |  | 94.9 |
Total current | 173.5 |  |  | (121.7 | ) |  | 37.3 |
Deferred: |  |  |  |  |
Federal | (105.1 | ) |  | 602.3 |  |  | (147.9 | )
State | 9.9 |  |  | (39.9 | ) |  | 3.9 |
Non-U.S. | (1.2 | ) |  | 54.2 |  |  | 32.5 |
Total deferred | (96.4 | ) |  | 616.6 |  |  | (111.5 | )
(Benefit from) provision for income taxes | $ | 77.1 |  |  | $ | 494.9 |  |  | $ | (74.2 | )
Schedule Of Effective Income Tax Rate | The components of earnings from consolidated companies before income taxes, and the effects of significant adjustments to tax computed at the federal statutory rate, were as follows:
| Years Ended December 31,
(in millions) | 2018 |  | 2017 |  | 2016
United States earnings (loss) | $ | 322.7 |  |  | $ | (82.5 | ) |  | $ | (96.4 | )
Non-U.S. earnings | 228.8 |  |  | 456.5 |  |  | 338.8 |
Earnings from consolidated companies before income taxes | $ | 551.5 |  |  | $ | 374.0 |  |  | $ | 242.4 |
Computed tax at the U.S. federal statutory rate | 21.0 | % |  | 35.0 | % |  | 35.0 | %
State and local income taxes, net of federal income tax benefit | 2.0 | % |  | (0.1 | )% |  | (6.1 | )%
Percentage depletion in excess of basis | (6.7 | )% |  | (13.2 | )% |  | (34.4 | )%
Impact of non-U.S. earnings | 11.8 | % |  | (46.9 | )% |  | (4.0 | )%
Change in valuation allowance | (15.2 | )% |  | 148.8 | % |  | 7.7 | %
Resolution of uncertain tax positions | (0.4 | )% |  | — | % |  | (34.9 | )%
Share-based excess cost/(benefits) | 0.7 | % |  | 2.0 | % |  | 2.2 | %
Other items (none in excess of 5% of computed tax) | 0.8 | % |  | 6.7 | % |  | 3.9 | %
Effective tax rate | 14.0 | % |  | 132.3 | % |  | (30.6 | )%
Schedule Of Deferred Tax Assets And Liabilities | Significant components of our deferred tax liabilities and assets as of December 31 were as follows:
| December 31,
(in millions) | 2018 |  | 2017
Deferred tax liabilities: |  |  |
Depreciation and amortization | $ | 317.3 |  |  | $ | 864.2 |
Depletion | 390.8 |  |  | 260.9 |
Partnership tax basis differences | 64.6 |  |  | 67.6 |
Undistributed earnings of non-U.S. subsidiaries | 15.0 |  |  | 15.0 |
Other liabilities | 10.3 |  |  | 150.6 |
Total deferred tax liabilities | $ | 798.0 |  |  | $ | 1,358.3 |
Deferred tax assets: |  |  |
Alternative minimum tax credit carryforwards | $ | 76.5 |  |  | $ | 46.8 |
Capital loss carryforwards | 3.0 |  |  | 0.1 |
Foreign tax credit carryforwards | 493.5 |  |  | 322.9 |
Net operating loss carryforwards | 408.9 |  |  | 112.0 |
Pension plans and other benefits | 33.4 |  |  | 2.1 |
Asset retirement obligations | 187.6 |  |  | 174.1 |
Deferred revenue | — |  |  | 252.0 |
Other assets | 388.8 |  |  | 169.7 |
Subtotal | 1,591.7 |  |  | 1,079.7 |
Valuation allowance | 1,530.5 |  |  | 584.1 |
Net deferred tax assets | 61.2 |  |  | 495.6 |
Net deferred tax liabilities | $ | (736.8 | ) |  | $ | (862.7 | )
Summary Of Income Tax Uncertainties |
| Years Ended December 31,
(in millions) | 2018 |  | 2017 |  | 2016
Gross unrecognized tax benefits, beginning of period | $ | 39.3 |  |  | $ | 27.1 |  |  | $ | 98.6 |
Gross increases: |  |  |  |  |
Prior period tax positions | 0.3 |  |  | 1.9 |  |  | 13.5 |
Current period tax positions | 3.8 |  |  | 8.5 |  |  | 6.9 |
Gross decreases: |  |  |  |  |
Prior period tax positions | (2.9 | ) |  | — |  |  | (91.6 | )
Currency translation | (2.4 | ) |  | 1.8 |  |  | (0.3 | )
Gross unrecognized tax benefits, end of period | $ | 38.1 |  |  | $ | 39.3 |  |  | $ | 27.1 |

X
- References No definition available. + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&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 the change in unrecognized tax benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=109238393&loc=d3e36027-109320 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration