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Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Income Taxes |
Schedule of income (loss) before income taxes and provision for income taxes |
|  | Year ended December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |  | 2010 |
Income (loss) from continuing operations: |  |  |  |  |  |  |  |  |  |
United States |  | $ | (111.9 | ) | $ | 8.0 |  | $ | 71.2 |
Foreign |  |  | 65.4 |  |  | 161.9 |  |  | 152.4 |
|  | $ | (46.5 | ) | $ | 169.9 |  | $ | 223.6 |
Provision for (benefit from) income taxes: |  |  |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |  |  |
United States |  | $ | — |  | $ | 20.7 |  | $ | (33.1 | )
Foreign |  |  | 20.9 |  |  | 29.3 |  |  | 17.1 |
Total current |  |  | 20.9 |  |  | 50.0 |  |  | (16.0 | )
Deferred and other: |  |  |  |  |  |  |  |  |  |
United States |  |  | 40.4 |  |  | (43.1 | ) |  | 65.6 |
Foreign |  |  | (29.4 | ) |  | 7.4 |  |  | (4.0 | )
Total deferred and other |  |  | 11.0 |  |  | (35.7 | ) |  | 61.6 |
Total provision |  | $ | 31.9 |  | $ | 14.3 |  | $ | 45.6 |
Schedule of reconciliation of the U.S. federal statutory tax rate to effective income tax rate |
|  | Year ended December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |  | 2010 |
U.S. federal statutory rate |  |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State and local taxes, net of U.S. federal benefit |  |  | (8.8 | ) |  | 1.3 |  |  | 2.0 |
U.S. credits and exemptions |  |  | 10.7 |  |  | (8.7 | ) |  | (0.6 | )
Foreign earnings taxed at lower rates |  |  | 56.8 |  |  | (5.3 | ) |  | (10.8 | )
Audit settlements with taxing authorities |  |  | 59.4 |  |  | (0.4 | ) |  | (0.6 | )
Adjustments to uncertain tax positions |  |  | (8.4 | ) |  | 1.5 |  |  | (3.6 | )
Changes in valuation allowance |  |  | (23.9 | ) |  | (18.4 | ) |  | (5.3 | )
Law change regarding deductibility of Medicare Part D expenses |  |  | — |  |  | — |  |  | 2.8 |
Tax on repatriation of foreign earnings |  |  | (33.1 | ) |  | 4.1 |  |  | 1.6 |
Goodwill impairment and basis adjustments |  |  | (161.5 | ) |  | — |  |  | — |
Other |  |  | 5.2 |  |  | (0.7 | ) |  | (0.1 | )
|  |  | (68.6 | )% |  | 8.4 | % |  | 20.4 | %
Schedule of significant components of deferred tax assets and liabilities |
|  | As of December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |
Deferred tax assets: |  |  |  |  |  |  |
Working capital accruals |  | $ | 33.4 |  | $ | 37.8 |
Legal, environmental and self-insurance accruals |  |  | 39.0 |  |  | 45.6 |
Pension, other postretirement and postemployment benefits |  |  | 186.8 |  |  | 169.9 |
NOL and credit carryforwards |  |  | 193.2 |  |  | 242.5 |
Payroll and compensation |  |  | 53.8 |  |  | 46.1 |
Other |  |  | 96.2 |  |  | 71.0 |
Total deferred tax assets |  |  | 602.4 |  |  | 612.9 |
Valuation allowance |  |  | (128.1 | ) |  | (124.5 | )
Net deferred tax assets |  |  | 474.3 |  |  | 488.4 |
Deferred tax liabilities: |  |  |  |  |  |  |
Accelerated depreciation |  |  | 61.5 |  |  | 36.1 |
Basis difference in affiliates |  |  | 153.9 |  |  | 40.5 |
Intangible assets recorded in acquisitions |  |  | 312.9 |  |  | 344.5 |
Other |  |  | 23.7 |  |  | 58.9 |
Total deferred tax liabilities |  |  | 552.0 |  |  | 480.0 |
|  | $ | (77.7 | ) | $ | 8.4 |
Schedule of changes in the balance of unrecognized tax benefits |
|  | 2012 |  | 2011 |  | 2010 |
--- | --- | --- | --- | --- | --- | --- | ---
Unrecognized tax benefit — opening balance |  | $ | 85.2 |  | $ | 95.5 |  | $ | 120.9 |
Gross increases — tax positions in prior period |  |  | 20.6 |  |  | 3.3 |  |  | 13.9 |
Gross decreases — tax positions in prior period |  |  | (33.9 | ) |  | (11.4 | ) |  | (13.4 | )
Gross increases — tax positions in current period |  |  | 11.8 |  |  | 10.9 |  |  | 8.7 |
Settlements |  |  | (7.1 | ) |  | (0.9 | ) |  | (24.5 | )
Lapse of statute of limitations |  |  | (2.7 | ) |  | (11.5 | ) |  | (8.3 | )
Change due to foreign currency exchange rates |  |  | (0.1 | ) |  | (0.7 | ) |  | (1.8 | )
Unrecognized tax benefit — ending balance |  | $ | 73.8 |  | $ | 85.2 |  | $ | 95.5 |

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- Definition Tabular disclosure of income from continuing operations before income tax between domestic and foreign jurisdictions and 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 No definition available. + Details
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- 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 -Topic 740 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 2 -Section 50 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- 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 -Topic 740 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 12 -Section 50 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 48 -Paragraph 21 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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