XML 43 R29.htm IDEA: XBRL DOCUMENT v2.4.1.9

6. Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

U.S. and international components of income before taxes [Table Text Block]

The U.S. and international components of income before taxes are as follows (in millions):

		Year Ended December 31,
		2014				2013				2012
U.S.		$	30.6			$	5.7			$	110.6
International		101.0				106.7				119.3
Income before taxes		$	131.6			$	112.4			$	229.9

Provision for income taxes [Table Text Block]

The provision for income taxes consists of the following (in millions):

		Year Ended December 31,
		2014				2013				2012
Current tax expense (benefit):
U.S. Federal		$	9.6			$	(5.0	)		$	34.4
State		3.8				0.6				4.1
International		35.6				38.3				37.3
Current tax expense		49.0				33.9				75.8
Deferred tax (benefit) expense:
U.S. Federal		1.5				4.8				(3.1		)
State		(0.2		)		(0.1		)		(0.9		)
International		(7.3		)		(9.4		)		(6.3		)
Deferred tax benefit		(6.0		)		(4.7		)		(10.3		)
Non-current tax expense (benefit)		(0.3		)		5.4				(1.1		)
Provision for income taxes		$	42.7			$	34.6			$	64.4

Reconcilation of effective tax rate on inocme before taxes and statutory rate [Table Text Block]

The reconciliation between our effective tax rate on income before taxes and the statutory tax rate is as follows:

		Year Ended December 31,
		2014			2013			2012
U.S. statutory tax rate		35	%		35	%		35	%
Impact of foreign operations		(4	)		(6	)		(3	)
Research tax credits		(3	)		(6	)		—
Nontaxable subsidies		(2	)		(2	)		(1	)
Tax settlements and changes to unrecognized tax benefits		(1	)		5			—
Fines and penalties		3			1			—
Contingent consideration		—			(1	)		(2	)
Other		4			5			(1	)
Provision for income taxes		32	%		31	%		28	%

Significant components of deferred tax assets and liabilities [Table Text Block]

Deferred tax assets and liabilities reflect the tax effects of losses, credits, and temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.  Significant components of deferred tax assets and liabilities are as follows (in millions):

		December 31,
		2014				2013
Deferred tax assets:
Bad debt, inventory and warranty accruals		$	25.3			$	27.5
Legal reserves		2.0				12.0
Other post-employment benefits, vacation and other reserves		23.6				22.2
Tax credit and net operating loss carryforwards		60.5				62.3
Other		28.4				19.0
Total gross deferred tax assets		139.8				143.0
Valuation allowance		(58.6		)		(64.0		)
Total deferred tax assets		81.2				79.0
Deferred tax liabilities:
Property and equipment		12.9				17.2
Investments and intangible assets		158.2				147.0
Total deferred tax liabilities		171.1				164.2
Net deferred tax liabilities		$	(89.9	)		$	(85.2	)

Tabular reconcilation of total amounts of unrecognized tax benefits [Table Text Block]

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (in millions):

		2014				2013				2012
Unrecognized tax benefits – January 1		$	16.2			$	12.6			$	11.3
Additions to tax positions related to prior years		1.7				4.7				1.3
Reductions to tax positions related to prior years		(1.5		)		(0.8		)		(0.8		)
Additions to tax positions related to the current year		1.6				2.0				1.6
Settlements		(0.4		)		(0.3		)		—
Lapse of statute of limitations		(2.6		)		(1.7		)		(3.0		)
Acquisitions		—				—				2.2
Currency translation		(0.8		)		(0.3		)		—
Unrecognized tax benefits – December 31		$	14.2			$	16.2			$	12.6

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 unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-Subparagraph (d)

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

+ Details

Name:	us-gaap_SummaryOfPositionsForWhichSignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration