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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of components of income (loss) before income taxes | The components of net loss from continuing operations before income taxes are presented below:
|  | Years Ended December 31,
|  | 2015 |  | 2014 |  | 2013
United States |  | $ | (1,662.5 | ) |  | $ | (595.1 | ) |  | $ | (170.3 | )
Foreign |  | (31.7 | ) |  | 100.2 |  |  | 27.0 |
Net loss from continuing operations before income tax benefit |  | $ | (1,694.2 | ) |  | $ | (494.9 | ) |  | $ | (143.3 | )
Schedule of components of the provision for income taxes | The components of income tax benefit are presented below:
|  | Years Ended December 31,
|  | 2015 |  | 2014 |  | 2013
Current |  |  |  |  |  |
U.S. Federal |  | $ | (24.6 | ) |  | $ | (14.4 | ) |  | $ | — |
U.S. State |  | (0.8 | ) |  | 0.3 |  |  | (0.6 | )
Foreign |  | 36.4 |  |  | 17.8 |  |  | 13.6 |
Total |  | 11.0 |  |  | 3.7 |  |  | 13.0 |
Deferred |  |  |  |  |  |
U.S. Federal |  | (287.4 | ) |  | (234.6 | ) |  | (119.1 | )
U.S. State |  | (22.0 | ) |  | (21.2 | ) |  | (9.4 | )
Foreign |  | (1.5 | ) |  | (8.5 | ) |  | (2.2 | )
Total |  | (310.9 | ) |  | (264.3 | ) |  | (130.7 | )
Total income tax benefit |  | $ | (299.9 | ) |  | $ | (260.6 | ) |  | $ | (117.7 | )
Schedule of reconciliation of the U.S. federal statutory tax rate to the actual tax rate | The reconciliation of the U.S. federal statutory tax rate to the actual tax rate is presented below:
|  | Years Ended December 31,
|  | 2015 |  | 2014 |  | 2013
Statutory U.S. federal income tax rate |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
U.S. state income taxes, net of federal benefit |  | 1.4 | % |  | 4.3 | % |  | 6.9 | %
Federal benefit of R&D and AMT credits, net |  | 0.1 | % |  | 2.0 | % |  | 0.5 | %
Foreign earnings at lower rates than U.S. federal rate |  | 0.2 | % |  | (0.5 | )% |  | (1.4 | )%
Federal impact of U.S. permanent differences |  | (0.1 | )% |  | (3.2 | )% |  | (8.8 | )%
Impact of goodwill impairments |  | (19.4 | )% |  | — | % |  | — | %
Valuation allowance adjustments |  | 0.7 | % |  | 13.2 | % |  | 47.7 | %
Other |  | (0.2 | )% |  | 1.8 | % |  | 2.2 | %
Effective income tax rate |  | 17.7 | % |  | 52.6 | % |  | 82.1 | %
Schedule of deferred income taxes | The deferred income tax balances are established using the enacted statutory tax rates and are adjusted for changes in such rates in the period of change.
|  | December 31,
|  | 2015 |  | 2014
Deferred tax assets: |  |  |  |
Inventory valuation |  | $ | 17.6 |  |  | $ | 25.2 |
Reserves and other accrued expenses |  | 61.4 |  |  | 70.1 |
Compensation not currently deductible |  | 3.9 |  |  | 15.2 |
Employee pension benefit included in other comprehensive (loss) income |  | 3.2 |  |  | 5.6 |
Unrealized losses and income from derivative financial instruments included in other comprehensive (loss) income |  | 4.6 |  |  | 0.6 |
Stock-based compensation |  | 7.7 |  |  | 10.5 |
Net operating loss carry forwards |  | 494.6 |  |  | 403.3 |
Tax credit carry forwards |  | 45.0 |  |  | 40.4 |
Valuation allowance |  | (95.6 | ) |  | (107.3 | )
Realizable deferred tax assets |  | 542.4 |  |  | 463.6 |
Deferred tax liabilities: |  |  |  |
Deferred costs and prepaid expenses |  | (31.9 | ) |  | (41.1 | )
Differences in financial reporting and tax basis for: |  |  |  |
Property and equipment |  | (8.2 | ) |  | (84.3 | )
Identifiable intangible assets |  | (709.8 | ) |  | (880.1 | )
Total deferred tax liabilities |  | (749.9 | ) |  | (1,005.5 | )
Net deferred tax liabilities on balance sheet |  | (207.5 | ) |  | (541.9 | )
Reported As: |  |  |  |
Current deferred tax assets |  | — |  |  | — |
Non-current deferred tax assets |  | 20.7 |  |  | 20.4 |
Current deferred tax liabilities |  | — |  |  | — |
Non-current deferred tax liabilities |  | (228.2 | ) |  | (562.3 | )
Net deferred tax liabilities on the balance sheet |  | $ | (207.5 | ) |  | $ | (541.9 | )
Schedule of unrecognized tax benefits | The Company had the following activity for unrecognized tax benefits:
|  | Year Ended December 31,
|  | 2015 |  | 2014 |  | 2013
Balance at beginning of period |  | $ | 13.9 |  |  | $ | 8.1 |  |  | $ | 1.8 |
Tax positions related to current year additions |  | 2.0 |  |  | 0.5 |  |  | — |
Additions for tax positions of prior years |  | 2.4 |  |  | — |  |  | 7.2 |
Tax positions related to prior years reductions |  | (3.0 | ) |  | (3.5 | ) |  | (0.8 | )
Reductions due to lapse of statute of limitations on tax positions |  | (0.1 | ) |  | — |  |  | (0.1 | )
Current year acquisitions |  | — |  |  | 9.8 |  |  | — |
Settlements |  | (4.4 | ) |  | (1.0 | ) |  | — |
Balance at end of period |  | $ | 10.8 |  |  | $ | 13.9 |  |  | $ | 8.1 |

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- 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
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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 -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
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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 -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
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- 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
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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 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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